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Home loan approval - UPDATE 5-Countrywide profit rises 27 pct despite pressures

October 31st, 2005

UPDATE 5-Countrywide profit rises 27 pct despite pressures
Reuters - By Jonathan Stempel NEW YORK, Oct 27 (Reuters) - Countrywide Financial Corp. ( CFC.N: Quote, Profile, Research), the largest U.S. third-quarter profit rose 27 percent, as fees from servicing home loans offset lower lending profit as margins declined

Lean years may mean mortgage bank mergers
AP via Seattle Post Intelligencer - ORLANDO, Fla. — The last four years will likely be remembered as a gilded age for anyone in real estate, especially mortgage bankers. Lenders expect to process $2.26 trillion of home loans next year, down from this year’s expected $2.78 trillion and

Consolidation, job cuts may follow real estate boom
Houston Chronicle - ORLANDO, FLA. - The last four years will likely be remembered as a gilded age for anyone in real estate, especially mortgage bankers. Lenders expect to process $2.26 trillion of home loans next year, down from this year’s expected $2.78 trillion and

Mortgage bankers to talk changing industry
AP via Seattle Post Intelligencer - recorded a rise in rates for 30-year home loans - the most popular mortgages - to 6.10 percent, a a record $3.9 trillion of home loans in 2003 and $2.8 trillion

UPDATE 2-US home sales firm despite fewer loan applications
Reuters - week last week as interest rates on 30-year home loans climbed to their highest levels since early April, the Mortgage

Freddie Mac exec warns on portfolio limits
AP via Seattle Post Intelligencer - agencies also purchase these securities as well as home loans for their own portfolios, a significant source of income

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