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Morgan Stanley Promotes Mortgages
MSN MoneyCentral - With $1 trillion in adjustable rate mortgage loans re-setting in 2007, and with the uncertainty in the interest rate markets, many borrowers are looking to lock in a fixed-rate or to explore other mortgage alternatives,” Morgan Stanley wrote brokers
Source: news.moneycentral.msn.com

Subprime loans rattle a shaky state housing market
Detroit Free Press - Michigan’s above-average reliance on risky subprime mortgages is inflaming the state’s real-estate downturn and pushing it near the top of the list of states suffering mortgage delinquencies. Wayne County saw the fourth-highest mortgage foreclosure
Source: www.freep.com

Fitch Rates CMALT $498.3MM Series 2007-A3 REMIC P-T Ctfs
Forbes - As of the cut-off date, March 1, 2007, the mortgage pool consists of 1,701 conventional, fully amortizing, 10-30 year fixed-rate mortgage loans secured by first liens on one- to four-family residential properties with an aggregate principal balance
Source: www.forbes.com

Lawmakers, FDIC seek predatory lending crackdown
Boston Online - In 2005, 20 percent of new mortgage loans were subprime, versus less than 5 percent in 1994, Braunstein said. One result of the spread of adjustable-rate mortgages (ARMs) and other new loans was that more people could buy their own homes. The Fed
Source: www.boston.com

Schumer seeking to reign in “rogue” mortgage lenders
journalnews.com - More than 7,600 homeowners in the Lower Hudson Valley are at risk of losing their homes in foreclosures the next two years, said U.S. Sen. Charles E. Schumer, who accused certain “rapacious” lenders of preying on vulnerable folks by making loans with
Source: www.thejournalnews.com

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