Fannie Mae and Freddie Mac mortgage giants
Fannie Mae and Freddie Mac mortgages may default on their debt or face a takeover by the US Government, authorities said.
The anxiety over Fannie Mae and Freddie Mac, the mortgage giants that support $5 trillion in home loans, reached fever pitch today. CNNMoney.com reports the two firms play a central role in the [...]

Prospect Mortgage to acquire majority of IndyMac retail mortgage business
Prospect Mortgage late Tuesday said it has agreed to acquire a majority of IndyMac Bancorp Inc.’s retail mortgage branches. Financial terms weren’t disclosed. The deal includes 750 employees and more than 60 branch offices all around the United States.

Indymac to become Prospect Mortgage (MetroCities). The Indymac Loan [...]

IndyMac Stops Most Mortgage Loans
Mortgage lender IndyMac Bancorp Inc., struggling to raise capital to stay in business, stated Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force.

The not so sudden move comes as the lender works [...]

WordPress Affiliate Plugin from Foreclosure.com
Foreclosure.com developed a new WordPress blog plugin for its Affiliate Marketers.
Foreclosure.com has established an alliance with real estate Internet marketing company Z57 Internet Solutions to help thousands of Realtors achieve immediate access to comprehensive foreclosure listings.

The partnership benefits both Foreclosure.com — an online data provider that lists properties in foreclosure for [...]