Mortgage Newsletter (11/4/2009)
Dear Mortgage4House.com Readers,
Welcome to the Mortgage Newsletter (11/4/2009). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.
Mortgage News
GMAC posts third quarter loss, hurt by mortgage unit (Reuters)
NEW YORK (Reuters) – GMAC Financial Services, a lender that has received $12.5 billion in government bailouts, posted a third straight quarterly loss on Wednesday, hurt by red ink in its mortgage business. (More)
Strodtman jury selected in mortgage fraud trial (Greeley Tribune)
Strodtman jury selected in mortgage fraud trial By Sharon Dunn Attorneys will deliver opening statements this morning in the trial of Mark Strodtman, who is accused of bilking homeowners in a mortgage scheme years ago. The trial began Monday with jury selection and is scheduled to run through Nov. 20 in Weld District Court. On Tuesday, attorneys picked a jury of nine women and five men, two of … (More)
Bank ‘optimistic’ despite loss
The bank said there is room for ‘cautious optimism’ Northern Bank has reported a loss of 7.5m for the third quarter of 2009. (More)
More Than 100 Arrested for Mortgage Fraud, Feds Say (Fox News)
A federal prosecutor says a crackdown on organized mortgage fraud this year has yielded 105 arrests from Jacksonville to Fort Myers. (More)
RBS and Lloyds and the future shape of British banking: a Q&A
Royal Bank of Scotland and Lloyds Banking Group have been reshaped in the final piece of the state-backed bank bail-out. Philip Aldrick asks the key questions. (More)
3 strong economic reports lift recovery hopes
Hopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes. (More)
Mortgage Articles
The Process of Home Refinance
Home refinance is the act of changing or renewing the existing terms and conditions of a loan. People who undergo home refinancing state that this process has more favorable advantages to offer. (More)
Mortgage Fraud – How You Can Avoid It
Various forms of mortgage fraud were created. There is foreclosure fraud, seller-assistance scams and identity theft. No matter what kind of fraud it is, what is important is to identify if what you are getting yourself into is a bogus transaction. This is one way of avoiding to be caught up in a sham. Here are some of the things you should look into… (More)
Mortgage Refinancing and Modification With 4.5% Interest Rates From Obama’s Stimulus
4.5% mortgage rates are now available to homeowners who refinance with President Obama’s stimulus plan. This mortgage bailout plan allows millions of homeowners the chance to get a better, more affordable monthly mortgage payment through new refinancing and modification options. Using this plan for yourself is easy, and the benefits are amazing. (More)
The many Benefits of an Adverse Remortgage
When you get involved with an adverse remortgage you are going to take advantage of benefit after benefit. This is a very good thing for you, and something that you definitely do not want to overlook…. (More)
Obtain an Investment Loan with NO Deposit
Unfortunately, the days have long passed where any first-time buyer without existing assets could obtain a 100 percent home investment loan. However, savvy investors are structuring 106 percent loans … (More)
A Home Investment Loan Produces Viable Income Opportunities
Despite a recent downturn in the housing market, Australian residential property still is an attractive vehicle for people seeking long-term investments. Home values continue to double every seven yea… (More)
This newsletter is provided by Mortgage4House.com.