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Fitch Upgrades 2 & Affirms 11 RMBS Ratings from 2 GSAA Securitizations
Forbes - The collateral of the above transactions consists of fixed-rate or adjustable-rate mortgage loans extended to Alt-A borrowers and secured by first liens on residential properties. The loans underlying series 2004-7 were originated by various
Source: www.forbes.com

Credit Standards Rise For Subprime Loans
Wall Street Journal - 85% of banks responding to a Federal Reserve survey said standards for home loans to people with stronger credit “remained basically unchanged.” The rest tightened their requirements. “Tighter standards on subprime and nontraditional mortgage loans
Source: online.wsj.com

Mortgage brokers cashed in on US housing bounty
MSN MoneyCentral - We have never even met a borrower who was given a choice between fixed (conventional loans) and ARM (adjustable rate mortgage) on subprime,” said Jordan Ash, head of the Financial Justice Center at the Association of Community Organizations
Source: news.moneycentral.msn.com

Mortgage Defaults Rise 62 Percent, RealtyTrac Reports (Update1)
Bloomberg - May 15 (Bloomberg) — Mortgages in foreclosure rose 62 percent in April and the number of Americans falling behind on home loans will climb this year as home prices fall and lending standards are tightened, RealtyTrac Inc. said. There were 147,708
Source: www.bloomberg.com

Want a Mortgage? Start by Settling Your Score
Oswego Palladium-Times - Make sure the payment history for all accounts listed on your credit report - including credit cards, retail accounts, installment loans finance company accounts and mortgage loans - is accurate. * Assess the total amount owed on all open accounts. Is
Source: www.pall-times.com

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