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U.S. Mortgage Meltdown Slams Bank Of China (Forbes)
Bank of China was the most vulnerable of its peers, thanks to the U.S. subprime mortgage crisis.
Financial Stocks: Bond and mortgage insurers jump on MBIA deal (Market Watch)
Shares of mortgage and bond insurers rally Thursday on news that MBIA Inc. is in a deal to reinsure billions of dollars in municipal bonds, showing the embattled bond insurer is able to attract new business despite the credit crunch.
Foreclosures Decrease; Mortgage Woes Don't (Washington Post)
The number of foreclosures in Charles County dropped in the second quarter of the year, but residents still face significant mortgage troubles, according to a report issued this month by the Maryland Department of Housing and Community Development.
Why haven't mortgage rates declined? (Bankrate.com via Yahoo! Finance)
The Federal Reserve began to slash short-term interest rates almost a year ago. Yet mortgage rates are higher now. What gives?
Fitch Rates $151MM PHH Mortgage Trust, Series 2008-CIM2 (Centre Daily Times)
Fitch rates PHH Mortgage Trust, series 2008-CIM2 residential mortgage pass-through certificates, as follows:
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