mortgage applications retreated last week: mbanew york (reuters) - applications for home mortgages retreated last week, giving back some of the previous week's surge as interest rates rose, an industry group said on wednesday. the mortgage bankers association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 5 percent in the week ended jan 20. the index h...uk mortgage market faces tough 2012, cml saysmortgage lending increased for the fifth month running in december but the housing market faces a weak first half of 2012 as demand from buyers wanes and lenders raise rates, a leading trade body has warned....bank of america extends drop in mortgage rankings(reuters) - bank of america corp was the fourth-biggest u.s. mortgage lender in the fourth quarter of 2011, continuing its descent in the rankings after it stopped buying loans made by smaller banks. the second-largest u.s. bank in 2008 became the biggest mortgage originator after buying countrywide financial, but it has been gradually paring back the business as it copes with losses from the ...mortgage fraud task force launchedmore than three years after the height of the financial crisis, federal and state regulators on friday launched a mortgage fraud task force to investigate the pooling and securitization of mortgage securities by big banks. |
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