Chicago Mortgage Loan News

The Latest News and Developments For
Mortgages in Chicago

Home Mortgage Latest Breaking News

• Wachovia has $23.9 billion loss on writeoff, mortgages  Reuters via Yahoo! News - Oct 22 1:29 PM  Wachovia Corp reported a third-quarter loss of $23.9 billion on Wednesday, a record quarterly deficit for a banking company in the global credit crisis, underscoring the challenges Wells Fargo & Co faces when it acquires the big lender.



• "Under water" mortgages are growing threat to U.S.  Reuters via Yahoo! News - Oct 22 6:33 AM  Long before she filed for bankruptcy, Ann Neukomm was "under water" -- she owed more on her mortgage than her house was worth -- a situation more and more Americans are finding themselves in.



• Dodd says mortgages subject of ethics panel  Boston Globe - Oct 22 4:51 PM Connecticut Sen. Christopher Dodd said Wednesday that he's awaiting the conclusion of a Senate ethics inquiry before releasing information to two mortgages he received from Countrywide Financial Corp.



• 'Under Water' Mortgages are Growing Threat to US  Fox News - Oct 22 6:54 AM As the financial crisis continues to spread, nearly one in six U.S. homeowners are finding themselves owing more on their mortgages than her house was worth.



• Paulson Plans to Step Up Relief for Homeowners, Buy Mortgages  Bloomberg - Oct 22 5:31 AM Oct. 22 (Bloomberg) -- Treasury Secretary Henry Paulson aims to intensify efforts to stem record mortgage foreclosures, using part of the government's $700 billion financial-rescue fund to purchase home loans.

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