Market Kinetix, LLC, has announced that Credit Communications, Inc. (CCI), a nationwide credit reporting firm for the mortgage industry, has implemented Market Kinetix's Mortgage Action Plan credit analysis solution, offering the industry's most streamlined, easy-to- use credit analysis solution to its broad base of mortgage broker clients.

NYLX, the nation's largest real-time database of mortgage programs and associated risk-based adjusters, rates and prices from local, regional and national lending institutions and the mortgage industry's leading provider of point-of-sale product eligibility and loan pricing technology systems, has announced the launch of the NYLX Exchange, the mortgage industry's only real-time information source on aggregated loan origination activity in the United States.

TD Canada Trust will cover the new City of Toronto land transfer tax on behalf of its customers when they arrange a mortgage between November 22, 2007 and March 21, 2008.

Mortgage rates declined slightly this week, with the average conforming 30-year fixed mortgage rate now 6.29 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.35 discount and origination points.

The Wall Street Journal reported Friday that the Securities and Exchange Commission had launched an investigation into deals Merrill Lynch & Co. undertook to allegedly cloak its vulnerability to risky mortgage debt.

Dodgy operators marketing high-risk mortgages to consumers who cannot afford them have been delivered a blunt warning: shape up or be stamped out.

What steps is the 6th largest mortgage lender in America taking to clean up the beaten and battered mortgage industry?

Tighter credit for home mortgages will measurably dampen home sales in the short term and postpone an expected recovery for existing-home sales until 2008, according to the latest forecast by the National Association of Realtors®.

President Bush is moving to help keep thousands of American homeowners from defaulting on their home loans in a growing crisis that has affected worldwide financial markets. VOA White House Correspondent Scott Stearns reports, the chairman of the U.S. central bank says he will also act to keep the credit crisis from hurting the economy.

Computer Sciences Corporation announced that it has added significant new loss mitigation capabilities to its EarlyResolution mortgage default software-as-a-service solution. The new features increase mortgage servicers’ ability to facilitate workouts that minimize investor credit losses and help borrowers keep their homes.

American Home Mortgage Investment Corp. (NYSE: AHM) today (July 31) reported that it is working diligently to determine how best to resolve the liquidity issues that have recently developed with respect to its business.

Three former executives of the Countrywide Financial Corp. have agreed to plead guilty to charges they conducted insider trading in the mortgage lender’s shares in the week leading up to a disappointing earnings report, federal prosecutors have said, according to Reuters.