Monthly Archives: October 2007

Walnut Creek Mortgage Company – Ouch!

Reuters news agency reported today on their website that the PMI Group Inc., the second-largest United States mortgage insurer, posted a quarterly loss, hurt by $348.3 million in losses and reserves for future losses at its United States mortgage insurance … Continue reading

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England Mortgages Approved Down 20%

The Independent Daily on their website today reported that further evidence of a slowdown in the housing market came yesterday as the Bank of England revealed figures showing that the number of mortgage approvals for home purchase fell from 108,000 … Continue reading

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California Home Sales

Bloomberg.com has reported that the California mortgage defaults more than doubled in the third quarter to the highest level in more than a decade as the housing slump battered homeowners.Bloomberg.com has reported that the Homeowners received 72,571 default notices, more … Continue reading

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Michigan High Risk

It has been reported that mortgage lenders are taking a big risk in Michigan. In a study conducted by First American Core Logic, they find that eight of the ten riskiest markets are located in the Midwest. Michigan has three … Continue reading

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California Foreclosure Notices Up

San Jose online newspapers are reporting that with home sales plummeting, values sliding and mortgage companies newly picky about who can refinance, more California homeowners than ever before faced foreclosure last quarter.Statewide in California, California mortgage companies sent 72,571 “notices … Continue reading

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