Daily Mortgage News Bank of America and Citigroup's shares went down 20%  because they might become Temporarily Nationalized. In the end no one really wants this done, Senate Banking Commitee Chairman and the Obama Administration are trying what they can to avoid this but it might have to [Read More]

Daily Mortgage News Let's talk about something good today. Lets talk about Rates! It's the 2nd straight week that rates dropped. They fell a minimum of 12 basis points. This information is recieved through the Primary Mortgage Market Survey. C'mon people let's try too boost the eco [Read More]

Daily Mortgage News President Obama is at it again, and I like it! President Obama is trying to create a $75 billion dollar stability program for "responsible homeowners." That term is meant for consumers who purchased their home with a down payment and have not been late on their mortga [Read More]

Daily Mortgage News There is $350 Billion left to help our banks which is good new to us. This time around they have tighter restrictions on this money which will ensure that the banks are putting the money to good use. Now the banks have to come up with plans and provide monthly reports to the Tr [Read More]

DAILY MORTGAGE NEWS Where oh where have our BILLIONS in tax dollars gone? The reason I ask this question is this money has been given to bankers to help get us out of the turmoil we're in BUT just recently we hear politicians are asking why they're failing to give credit to consu [Read More]

DAILY MORTGAGE NEWS Well as we all know there are banks closing down their wholesale market on a daily basis but today i'm reporting the opposite. We have a new wholesale  mortgage lender Virgin Money, so don't be suprised to see that little red Virgin logo on your mortgage documents [Read More]

DAILY MORTGAGE NEWS: It looks like CEO's from major banks such as Bank of America & Citigroup are stepping up to help out with the current foreclosure crisis going on. Bank of America CEO even went as far as to temporarily suspend foreclosures. Citigroup's CEO was even willing to c [Read More]