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News Last Updated:
Thursday, July 02, 2009
06:30 PM Texas Time


7 Banks Seized
John Warner Bank, First State Bank and Rock River Bank closed

Millions Released for Displaced CA Mortgage Workers
Dept. of Labor releases $3.0 million

GMAC Restructured, Renamed
Converts to corporation

Mass. Crackdown on Mortgage Licensees
7,747 license applications received since July 1, 2008

Big 10-Year Improvement
Average 30-year 5.32%

Mortgage Broker Jobs Contract
266,600 people in mortgage jobs during May

Appraisers Ask HUD to Lift AMC Fee Restrictions
Letter issued by 4 trade groups

Agency MBS Volume Roaring
Record Ginnie issuance

Huge FHA Fraud Settlement
Cost of agreement could reach $55 million

Refi LTVs Boosted
HARP LTV expanded to 125%


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