Mortgage Giant Fannie Mae faces billions more in new losses - 2005-03-03
Fannie Mae may have to recognize as much as $2.8 billion of more derivative losses due to new accounting concerns raised by its federal regulator, The Wall Street Journal reported in its online edition on Thursday.

The losses would be on top of the estimated $9 billion in losses related to derivatives that the mortgage giant already has said it will recognize as it prepares to restate its financial results.
Read the full story at MSNBC

Mortgage brokers get real-time real estate loan approval - 2005-03-03
Mortgage brokers at 70 branches of American Residential Funding will be able to obtain real-time home loan approvals over the Internet with the lender's new online automated loan approval system, AMRES Loan-Score.

The system also is available to American Residential Funding's expanding network of wholesale brokers. The company aims to give brokers a competitive edge by offering fast approvals, said Vince Rinehart, AMRES CEO.
Read the full story at Inman.com