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TransUnion.com: Mortgage Loan Delinquency Rates Rise for the Sixth Straight Quarter, Up Nearly 9 Percent From the ... (PR Newswire via Yahoo! Finance)
TransUnion.com released today the results of its analysis of trends in the mortgage industry for the second quarter of 2008. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data to be released on TransUnion's Web site.
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US government takes over mortgage giants Fannie, Freddie (New Kerala)
Washington, Sep 8 : The US government seized control of Fannie Mae and Freddie Mac Sunday, seeking to deflect the rising threat of surging mortgage defaults that were poised to topple the two companies that manage about half of the US home loan market.
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Home loan troubles break records - again (The Gainesville Sun)
Concern is building about a second wave of mortgage defaults
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Home-loan troubles break record again (Seattle Times)
A record 9 percent of U.S. homeowners with a mortgage were either behind on payments or in foreclosure at the end of June. Washington state's troubled-loan rates remain low, although there are modest signs they are growing.
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Home loan crisis prompts US bail-out (The Age)
US government seizes control of firms holding half nation's home loans after surge in defaults.
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U.S. takes over mortgage giants (Baltimore Sun)
Government aims to lower rates, build confidence, halt plunge in home values The U.S. government announced yesterday that it was taking control of mortgage giants Fannie Mae and Freddie Mac, saying the companies' weakened finances had made it impossible for them to carry out their missions of supporting the struggling housing market.
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Home foreclosures reach record high (Reuters via Yahoo! News)
Home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.
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US 'nationalises' mortgage lenders (Nyngan Observer)
World share markets are bracing for a volatile day of trading after the US Government announced it would place the major players in the home mortgage market, Freddie Mac and Fannie Mae, into "a conservatorship", essentially nationalising their activities.
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Paulson Engineers U.S. Takeover of Fannie, Freddie (Update3) (Bloomberg.com)
Sept. 7 (Bloomberg) -- The U.S. government seized control of Fannie Mae and Freddie Mac after the biggest surge in mortgage defaults in at least three decades threatened to topple the companies making up almost half the U.S. home-loan market.
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Home loan troubles break records again (AP via Yahoo! News)
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
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