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Mortgage News for Thursday - February 15, 2007

More Mortgage News
• Refinance mortgage rates edge up
• Mortgage downgrade hits Countrywide higher-quality issue
• Mortgage lender hurt by sub-prime loans
• Bernanke: U.S. economy may be stronger than we think
• Housing Construction Expected to Decline
• Housing sales drop in 40 states
Mortgage News
Mortgage lender hurt by sub-prime loans - 2007-02-15
Accredited Home Lenders Holding Co. posted a fourth-quarter loss three times larger than Wall Street had anticipated, hurt by higher delinquencies and costs to integrate another sub-prime lender it bought in October. San Diego-based Accredited also declared it was willing to lose market share rather than compete aggressively for loans that were more likely to default.
Read the full story at Los Angeles Times
 
Bernanke: U.S. economy may be stronger than we think - 2007-02-15
Federal Reserve Chairman Ben Bernanke on Thursday informed lawmakers that the U.S. economy may be expanding faster than expected. The Fed chief also warned that inflation must be kepted under controlled for sustained economic growth.
Read the full story at Reuters
 






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