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Freddie Mac loses $151M as home loans falter (USA Today)
Freddie Mac says its first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected.
Home loans are harder to obtain in Nashville area (The Tennessean)
Homebuyers are finding it increasingly difficult to qualify for conventional mortgage loans in the Nashville area as mortgage insurance companies tighten their underwriting standards.
Freddie Mac loses $151M in 1Q as home loans falter (INO News)
Freddie Mac says its first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected. McLean-Va.-based Freddie Mac also said Wednesday it plans to raise $5.5 billion in new capital.
Bank of America Expects Higher Losses on Home Equity (Update3) (Bloomberg.com)
May 13 (Bloomberg) -- Bank of America Corp. , the nation's biggest consumer bank, said losses on home-equity loans will be even worse than predicted three weeks earlier, adding to evidence that more consumers are falling behind on debts.
Fewer home loans taken out in March (Daily Telegraph)
THE expense of a new mortgage is deterring people from taking the plunge into home ownership with the number of loans taken out in March the lowest since August 2005.
BofA: More losses likely in home-equity loans (The Charlotte Observer)
As home values continue to fall, Bank of America Corp. is preparing for deeper losses on home-equity loans, a top executive said Tuesday. The Charlotte bank's planned acquisition of troubled mortgage lender Countrywide Financial Corp., however, remains on track "at this point," consumer and small business banking executive Liam McGee said at an investor conference in New York. Bank of America ...
Burnham luring execs with home loans (BizJournals)
The Burnham Institute for Medical Research is offering an eye-catching incentive to recruit folks to its 175,000-square-foot satellite lab in the Lake Nona area: home loans.
Freddie Mac loses $151M in 1Q as home loans falter (AP via Yahoo! News)
Mortgage finance company Freddie Mac's first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected.
U.S. median home price falls a record 7.7% in first quarter (USA Today)
The median value of existing U.S. single-family home sales in metropolitan areas fell 7.7% in the first quarter from a year ago, the National Association of Realtors said Tuesday.
Bank of America sees higher home equity losses (Reuters via Yahoo! News)
Bank of America Corp on Tuesday increased its forecast for expected losses from home equity loans, citing the deteriorating U.S. housing market.
