Breaking News

Welcome to our BREAKING NEWS page. We strive Hard to keep this site up to date with the events that shape our industry and affect our clients.

• Subprime Fraud Ran Rampant in NY
  
  Mortgage scammers took advantage of loopholes in New York State lending laws to defraud homeowners and lending institutions all over the state, according to a new report released Thursday.
• Freddie issues new foreclosure prevention measures
  
  Freddie Mac has Issued NEW benefits for lenders willing to help strapped homeowners keep their homes out of foreclosure
• IndyMac
  
  IndyMac Banc gets shut down by the federal government. Since this artice was posted, developments of the federal Government Taking over IndyMac came to light over the weekend. Please check back here for more up to date information as it arises.
• FED Holds Steady On Rate
  
  The Federal Reserve Holds Steady On Their Rate Setting The Trend That They Might Enter Into A Rate Hike Series After Their Next Meeting. It Now Seems That Inflation Has Become A Bigger Worry Than The Economy. Read This Article To Find Out What This Means For You.
• FBI Cracks Down on Fraud
  
  The FBI is cracking down on fraudulent practices in the Real Estate and Mortgage Industry. Now more than ever it is imprortnant to know you are dealing with an upstanding and reputable company.
• In Housing The Strong Turn Weak (5-28)
• FED Cuts Rate 0.25 Percent 4-30
• Fed To Cut Rates
• Good Credit Bad Loans
• B of A Aims to Help 265,000 avoid Foreclosure
• Half A Million Households Helped in 1st Quarter 4-28
• First Time HomeBuyers
• Rate Vs Plan
• National City Bank 4-20-2008
• Thawing Frozen Credit Lines
• Bank of England Will Unveil Bond Swap to Ease Mortgage Market
• Data Providers Aggree Home Price Numbers Are Skewed
• Fed Rate Cut