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11/11/2008 News For:

Home Insurance Company Mortgage

Citigroup Plans to Ease Mortgage Terms for At-Risk Borrowers  Citigroup plans to announce today that it is launching a mortgage-modification program for 500,000 at-risk borrowers in regions facing rising unemployment rates and steep declines in home values.

Citigroup to help 500,000 mortgage holders keep homes   Citigroup said Tuesday it was placing a moratorium on foreclosures for most home loan borrowers, and that it would work with some 500,000 stretched mortgage customers to help them keep their homes.

Nationwide says mortgage lending fell 72 percent in 1H as Britons shunned home-buying  LONDON - British lender Nationwide Building Society said Monday mortgage lending fell 72 percent in the first half of its financial year, as home buyers were deterred by a crashing property market and mortgage rates were boosted by the credit crunch.

GM says GMAC mortgage unit may not survive  DETROIT -- Bad news kept piling up for General Motors Corp. on Monday as its shares plunged to their lowest point in 60 years and the company said in a government filing that the mortgage unit of its finance arm may not survive.

Fannie Mae Loses $29 Billion on Write-Downs  Fannie Mae , the mortgage insurance giant, said Monday that it had lost a record $29 billion in the third quarter as the company wrote down a tax-related asset that has buoyed capital and the housing slump deepened.

Citigroup to offer help to 500,000 risky mortgage customers  The plan is targeted at homeowners who are current on their payments but might be in trouble later. The effort will focus on areas whose home values have fallen, including California. Citigroup Inc. today plans to announce a six-month program to reach out to 500,000 high-risk mortgage customers who are current on their payments but someday may require loan modifications to stay in their ...

Ex-La. insurance CEO targeted in audit   The former chief executive at Louisiana's last-resort insurance company "extravagantly" overspent the firm's money, with over $100,000 in questionable expenses including first-class airfare, expensive meals and LSU football tickets, state auditors said in a report released Monday.

Fannie Mae loses $29 bln on tax, mortgage charges  BOSTON MarketWatch -- Mortgage-finance giant Fannie Mae on Monday reported a $29 billion third-quarter loss as the company continued to get slammed by the housing crunch and the upheaval in credit markets.

GM says GMAC mortgage unit may not survive  Bad news kept piling up for General Motors Corp. on Monday as its shares plunged to their lowest point in 60 years and the company said in a government filing that the mortgage unit of its finance arm may not survive. GM also said that Delphi Corp., its...

British Insurance Receives Two Industry Awards   Independent payment protection insurance provider, British Insurance, has received two accolades at this year's Mortgage Finance Gazette Awards; the Best Overall Insurance Provider and Excellence in Treating Customers Fairly.