Mortgage applications up 28% (CNN Money)
Mortgage Bankers Association says the number of people filing applications rose sharply last week; seasonal volatility and falling interest rates both factors.

Crude Oil Falls a Second Day on Concern US Growth May Wane - Bloomberg
Crude Oil Falls a Second Day on Concern US Growth May WaneBloomberg - 23 hours agoThe US currency declined toward a record low versus the euro on concern JPMorgan Chase & Co. will announce today further losses linked to mortgage defaults. …

CMG’s ‘Accelerator’ Mortgage Deserves a Second Look (Washington Post)
Two years ago, I wrote a fairly critical piece about CMG Financial’s Home Ownership Accelerator mortgage loan program. I have since taken a closer look at the complicated program and have decided that my initial review did not do it justice.

From the Back Porch: Foreclosures becoming numerous - DeRidder Beauregard Daily News
From the Back Porch: Foreclosures becoming numerousDeRidder Beauregard Daily News, LA - 8 hours agoWhat they did not make too clear on that advertising is that a second mortgage also means a second house payment. A second house payment too often has …

IndyMac will close regional mortgage center (bizjournals.com via Yahoo! Finance)
IndyMac Bancorp Inc. said Tuesday that it will close regional wholesale mortgage centers in Kansas City, Tampa, Philadelphia, Boston and Columbia, S.C., as a result of the continued downturn of the mortgage market.