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11/11/2008 News For:

ginniemae Mortgage

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.

Mortgage Repayment Datapoint of the Day   As we await Frannie's latest mortgage-mod plan, David Streitfeld has news of the dire mortgage situation in Mountain House, California -- a new town where all the houses were bought since 2003 and as a result 90% are now underwater.

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.

Thornburg Mortgage swings to 3Q profit   Thornburg Mortgage Inc. said late Monday it swung to third-quarter profit from a year-earlier loss, boosted by a decrease in the value of some liabilities.

Citigroup To Help Struggling Mortgage Holders  Citigroup is announcing a new initiative to help more homeowners avoid foreclosure. Citi will lower mortgage payments for more than 100,000 people who haven't yet fallen behind on their payments. Other lenders have launched their own efforts, and the government is considering taking more dramatic action to stem foreclosures.

Government, mortgage industry to announce assistance effort for Fannie Mae, Freddie Mac loans  WASHINGTON _ The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.

U.S. to announce mortgage loan renegotiation process  WASHINGTON ? The government and the mortgage industry are set to announce the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac. The Federal Housing Finance Agency, which seized control of the two mortgage finance companies in September, scheduled a press conference for ...

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.

American government to announce new mortgage industry aid efforts  WASHINGTON - In the most sweeping effort so far to help troubled homeowners, the U.S. federal government and the mortgage industry on Tuesday will announce a plan to streamline the assistance process for hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.

Alpharetta woman gets 11 years for mortgage fraud  A 40-year-old suburban Atlanta woman has been sentenced to more than 11 years in federal prison for her role in a multimillion dollar mortgage fraud scheme.