California Home Loans, First and Second Mortgages, and Home Equity Loans News

The Latest News and Developments For
California Mortgages

California Mortgage Latest Breaking News

• US mortgage giant Freddie Mac weighs $10 bln share offer  AFP via Yahoo! News - Jul 18 6:50 AM  US mortgage giant Freddie Mac may attempt to raise capital by selling up to 10 billion dollars in new shares after its stock rebounded this week, the Wall Street Journal reported Friday.



• Freddie to adjust mortgage-purchase threshold  Reuters via Yahoo! News - Jul 18 5:47 AM  Freddie Mac expects to purchase mortgages with significantly higher unpaid principal balances, the U.S. mortgage finance company said in a filing with the Securities and Exchange Commission on Friday.



• Lawmakers Fast-Track Help for Mortgage Giants  Washington Post - Jul 18 5:18 AM A Treasury Department plan to bolster beleaguered mortgage giants Fannie Mae and Freddie Mac will be added to a massive housing package working its way through Congress, to be to the president's desk within days, key lawmakers said today.



• States battle mortgage foreclosure threat; see chart  USA Today - Jul 17 10:30 PM Some state political leaders complain that federal efforts to avert foreclosures have fallen far short.



• Mortgage lending fell in Britain in June  UPI - 2 hours, 11 minutes ago LONDON, July 18 (UPI) -- The Council of Mortgage Lenders in Britain has asked the Bank of England to extend its liquidity programs to help support a flagging industry.

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