Mortgage News Aug 2007
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Citigroup in deal for subprime mortgage assets
SAN FRANCISCO (MarketWatch) -- Citigroup Inc. late Friday said it had acquired the wholesale mortgage origination and servicing assets of subprime-mortgage lender ACC Capital Holdings, including the servicing rights on $45 billion of home loans. (Fri, 31 Aug 2007 22:34:37 GMT)
Avoiding Refinancing Fees
Q: DEAR BOB: I'm wondering about mortgage refinance junk fees. I know consumers have the right to avoid these fees, but my experience has been these lender fees usually come at the end of the refinance process, after the mortgage is approved. (Fri, 31 Aug 2007 23:39:51 GMT)
Bush Offers Help to Overwhelmed Mortgage Holders
Responding to the growing wave of mortgage foreclosures, President Bush has announced measures that could help some troubled borrowers keep their homes. But only a small fraction of subprime borrowers will be eligible. (Fri, 31 Aug 2007 23:46:28 GMT)
Refinancing Help Won't Erase Borrowers' Problems
Treasury Secretary Henry Paulson says the steps the Bush administration is taking will help identify mortgage holders who might have problems down the line. He says the government cannot make the problems go away, but it can try to help those who are capable of owning a home refinance their loans. (Fri, 31 Aug 2007 23:46:38 GMT)
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