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Mortgage - Updated News
Mortgage crisis seeps to prime loans (USA Today)
The first concrete evidence that delinquencies on mortgage bills have spread well beyond those with subpar credit shows that even prime borrowers have increasingly fallen behind on their house payments.

Horsham mortgage lender buys Bensalem rival (Philly.com)
Two of the largest mortgage lenders based in the Philadelphia region are now one.

Mortgage losses could hit $531bn (Daily Telegraph)
GOLDMAN Sachs economists expect a total of $US500 billion ($531 billion) in residential mortgage credit losses and a renewed slowdown in economic activity after.

US House-approved mortgage crisis bill faces veto (AFP via Yahoo! News)
The US House of Representatives has approved a bill that lawmakers hope could stem the tide of home foreclosures due to the subprime mortgage crisis, but it faces a presidential veto.

I-Team: Victim of Alleged Mortgage Fraud Speaks Out (KLAS Las Vegas)
We are hearing from one of the victims of what prosecutors say is a major mortgage fraud ring here in southern Nevada. Three people have been arrested and the Channel 8 I-Team has the exclusive pictures. I-Team Reporter Mark Sayre will have with newest information on the arrests.

N.H. Senate supports licensing mortgage originators (Boston Globe)
New Hampshire is one step closer to requiring licenses from people who arrange mortgage loans.

Mortgage credit losses could total $500 bln: Goldman (Reuters via Yahoo! News)
Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary policy tightening in 2008 or 2009, according to a research note from the firm.

AIG sees no signs of mortgage asset market rebound yet (Reuters via Yahoo! News)
American International Group , after disappointing with a worse-than-expected loss on Thursday, did little to buoy investor spirits on Friday, telling shareholders it does not yet see signs of a rebound in the market for mortgage assets, which have cost it dearly over the past two quarters.

Home repossessions to double this year for mortgage defaulters (Times Online)
The number of people who are losing their homes because they cannot meet rising mortgage bills is set to double this year, experts said yesterday.


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