• US Mortgage Applications Down 10% Last Week - MBA
The market composite index was down 9.8% on a seasonally adjusted basis for the week ended May 17 from the previous week, according to the weekly survey covering more than three-quarters of all U.S. residential-mortgage applications. The refinance ...

• Obama's Fannie Mae Pick Watt Faces Fight Imperiling Housing Deal
Those positions help explain why President Barack Obama has nominated Watt, a Democrat, to oversee Fannie Mae and Freddie Mac (FMCC), the mortgage companies seized by the government in 2008. They also underscore Watt's uphill climb to gain ...

• Utility Training Leads To Delivery Job In Health Field
The month after the Lehman Brothers collapse in the fall of 2008, Peter Collins was downsized with a half dozen other people from at a Bloomfield commercial printer. Collins, 51, who had spent his whole career as a printer and had been with Finlay ...

• United Guaranty Corporation Names Brian Gould New COO
Gould, who joined the company in 1999, now oversees underwriting, claims, loss mitigation, customer support, and business analytics, as well as the company's service operations and enterprise services groups. Gould also has functional oversight of ...

• Freddie Mac skips May reference note issuance
Freddie Mac said that dates for issuance are windows of optional note issuance and on each announcement date it will provide the maturity date and dealer syndicate, and that it may forgo any scheduled monthly issuance. The next window issuance is on ...

• Vt homeowners get foreclosure relief
MONTPELIER, Vt. (AP) =97 Vermont's attorney general says Vermont homeowners have gotten $14.7 million in foreclosure relief benefits as part of a state-federal settlement with the country's five largest mortgages servicers. Attorney General William ...

• Nationwide mortgage lending share at record high
The UK's largest building society, Nationwide, has said that its share of the mortgage market has reached a record high. Nationwide said gross mortgage lending had risen by 17% in the year to 4 April to =A321.5bn, increasing its share of the market to a ...

• RapidAdvance takes subprime commercial lending to prime time ...
RapidAdvance is takings it's easy money message to the airwaves with its first ever TV advertising campaign. VIDEO.

• Freddie Mac, Fannie Mae and FHLB 2013 note calendar
May 21 (Reuters) - The following are scheduled sales announcement dates for potential Freddie Mac reference notes and Fannie Mae benchmark and FHLB global notes for 2013. Freddie Mac and Fannie Mae said the dates below are windows of optional ...

• Lehman Australia Liquidator Wins Approval for Vote on Settlement
The liquidator for Lehman Brothers Holding Inc.'s Australian unit won federal court approval for a creditors' vote on a proposed claims settlement giving them as much as about half of what they're owed. Creditors will be paid between 33 Australian ...

• Freddie Mac Immediately Extends Mortgage Relief to Borrowers Affected by ...
MCLEAN, VA--(Marketwired - May 21, 2013) - Freddie Mac's ( OTCQB : FMCC) full menu of relief policies for borrowers affected by disaster is being extended to homeowners whose homes were damaged or destroyed by the horrific tornados that swept ...

• Transition from low interest rates may be 'painful,' OSFI head Julie Dickson warns
Julie Dickson of the Office of the Superintendent of Financial Institutions said the longer interest rates stay low, the greater the incentive for banks to take more risks to boost returns, for borrowers to go into debt, and for businesses to depend on ...

• Foreclosure could bring new life to Aiken Mall
The Aiken Mall may bounce back and become financially stronger in the wake of foreclosure proceedings, possibly helping nearby businesses and retailers, according to Vic Mill, CEO of Blanchard and Calhoun, a regional commercial realtor. Mill said once ...

• Subprime Mess Left by Pritzker Is Seen as Opening for Opponents
The document chronicles the 2001 failure of a suburban Chicago bank after Pritzker and her family expanded subprime lending there and did pioneering work with the kind of mortgage-backed securitization that would eventually spread and help spark the ...

• Oakland County will continue fight against Fannie Mae, Freddie Mac
Top Oakland County officials said they will continue the fight against national mortgage giants Fannie Mae and Freddie Mac in a years-long court battle accusing the lenders of owing Michigan millions of dollars tied to the state transfer tax. After a ...