Mortgage Refinancing News

The Latest News and Developments For
Refinancing Your Home

Home Loan's Latest Breaking News

• Scramble Led to Rescue Plan on Mortgages  New York Times - Jul 15 4:56 AM The Bush administration hastily arranged the dramatic Sunday evening rescue of Fannie Mae and Freddie Mac after Wall Street executives and foreign central bankers told Washington that any further erosion of confidence could have a cascading effect around the world, officials said on Monday.



• FDIC halts foreclosure on IndyMac mortgages: Bair  Reuters via Yahoo! News - Jul 14 9:39 PM  The Federal Deposit Insurance Corp has temporarily halted any foreclosures on the $15 billion of bank-owned mortgage loans found in IndyMac's portfolio, FDIC Chairman Sheila Bair said on Monday.



• Scramble Led to Rescue Plan on Mortgages  NYTimes.com via Yahoo! Finance - Jul 15 6:36 AM  The rescue of Fannie Mae and Freddie Mac was hastily arranged after bankers said further erosion of confidence could have a cascading effect.



• Q&A: Freddie, Fannie and the state of mortgages  Houston Chronicle - Jul 14 10:46 PM Questions and answers about Fannie Mae and Freddie Mac and their role in the mortgage market:



• TOXIC MORTGAGES SPARK FEARS OF MORE COLLAPSES  New York Post - Jul 15 1:17 AM The stunning federal seizure of insolvent IndyMac Bank has everyone from Wall Street pros to mom-and-pop depositors fearing that a wave of small-bank failures could be the next financial disaster to strike. Burdened by the weight of toxic...

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