Mortgage News

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UMH Properties, Inc. Announces New Mortgage Loan
FREEHOLD, N.J., Feb. 3, 2012 /PRNewswire/ -- UMH Properties, Inc. (NYSE Amex:UMH) today announced that it has entered into a new $11,400,000 mortgage loan with Bank of America, N.A. to refinance two manufactured ... (Fri, 03 Feb 2012 12:15:00 -0800)

New York sues banks over electronic mortgage system
NEW YORK (Reuters) - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices, including false documents in foreclosure proceedings. Schneiderman, co-chair of a new mortgage crisis unit under President Barack Obama, filed a lawsuit against Bank of ... (Fri, 03 Feb 2012 10:28:53 -0800)

Challenging Economy Continues to Weigh on Mortgage Insurers
NEW YORK, NY-- - Expectations for Mortgage Insurers remain poor in 2012 as significant weakness remains in the jobs and housing markets. In late January, S&P lowered its outlook on three mortgage insurers ... (Fri, 03 Feb 2012 05:20:00 -0800)

Mortgage rates plunge to record lows again
Mortgage rates plummeted this week, reaching record lows, as the Obama administration makes another attempt to help underwater homeowners refinance their mortgages to take advantage of the superlow rates. (Fri, 03 Feb 2012 03:34:54 -0800)

Security America Mortgage, Inc. Extends the Mortgage Lending Industry Standards, Providing Low Interest Refinance ...
Security America Mortgage, Inc. extends the mortgage lending industry standards by providing the lowest interest refinance rates on jumbo VA loans and general VA home loans for all United States Veterans.FL, TX, CO, OK, AR, NC, CA (PRWEB) February 03, 2012 Security America Mortgage, Inc. put a high value on the happiness of all American Veteran and Military War Heroes. Recently, the company ... (Fri, 03 Feb 2012 00:09:01 -0800)

Mortgage rates: new record lows. Again.
Mortgage rates drop to 3.87 percent for a fixed 30-year loan; 15-year fixed mortgage rates fall to 3.14 percent. That's the lowest in more than a half century of data. (Thu, 02 Feb 2012 22:41:35 -0800)

Rate on 30-year mortgage falls to record 3.87 pct.
The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed. (Thu, 02 Feb 2012 16:01:46 -0800)

Illinois accuses mortgage firm of robosigning
(Reuters) - The attorney general in Illinois on Thursday sued a mortgage document firm and said it filed "faulty" documents with local governments in a rush to process mortgages and foreclosures. Nationwide Title Clearing Inc was a "key contributor" to the mortgage crisis by "undermining the integrity and accuracy of the mortgage servicing and foreclosure process," Attorney General Lisa Madigan ... (Thu, 02 Feb 2012 11:24:46 -0800)

Mortgage rates hit another new low
Just one day after President Obama detailed a proposal to enable millions of homeowners to refinance to record-low mortgage rates, those rates notched another record. (Thu, 02 Feb 2012 10:54:37 -0800)

Mortgage rates hit a record low
Mortgage rates hit a record low (Thu, 02 Feb 2012 10:36:00 -0800)

Mortgage Q&A: Running the numbers on refinancing
Q. I'd like your sage advice on whether you think I should consider refinancing. My current loan balance is $250,000 with a fixed interest rate of 5.50 percent on a 20-year term. Our monthly principal-and-interest payment is $2,710. Our property is worth at least $600,000. I have been making an ... (Thu, 02 Feb 2012 10:27:27 -0800)

85 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in Fourth Quarter: 26-Year High
MCLEAN, Va., Feb. 2, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC.OB - News) released the results of its fourth quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house. ... (Thu, 02 Feb 2012 10:00:00 -0800)

Mortgage rates trigger surge in buying, refinancing
Some sectors of the economy may still be sluggish, but the housing market in Lawrence County isn’t one of them. Mortgage loans, both for refinancing and home purchases, are up significantly in the last several months in the county, according to local banks and real estate agents. (Thu, 02 Feb 2012 08:51:26 -0800)

Mortgage rates fall to new lows
Mortgage rates once again hit new lows in response to the slowly growing economy (Thu, 02 Feb 2012 08:02:33 -0800)

Mortgages: Mortgage rates fall once more to record lows
Mortgage rates hit record lows this week, after growth in the economy fell short of expectations, Freddie Mac’s chief economist said on Thursday. (Thu, 02 Feb 2012 07:45:14 -0800)

Western Asset Mortgage Defined Opportunity Fund Inc. as of December 31, 2011
Western Asset Mortgage Defined Opportunity Fund Inc. announces its portfolio composition as of December 31, 2011. (Thu, 02 Feb 2012 05:30:00 -0800)

Bankrate: Mortgage Rates Hit New Record Lows - Again
NEW YORK, Feb. 2, 2012 /PRNewswire/ -- This week brought yet another record low in mortgage rates, with the average 30-year fixed mortgage rate falling to 4.12 percent, according to Bankrate.com's weekly ... (Thu, 02 Feb 2012 04:30:00 -0800)

Mortgage rates plunge to record lows again
Mortgage rates plummeted this week, reaching record lows, as the Obama administration makes another attempt to help underwater homeowners refinance their mortgages to take advantage of the superlow rates. (Thu, 02 Feb 2012 03:32:01 -0800)

President Obama Calls On Congress To Pass New Mortgage Refinance Plan
U.S. President Barack Obama has called on Congress to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. (Thu, 02 Feb 2012 02:53:34 -0800)

Obama Outlines Fresh Mortgage Refinancing Plan
President Obama is trying again to revive the nation's housing market. Past efforts have come up short, and this one faces long odds in Congress. On Wednesday, he outlined a program designed to make it easier for homeowners to refinance into cheaper mortgages. (Thu, 02 Feb 2012 02:08:59 -0800)

Obama plan would tax banks to help homeowners refinance
Putting meat on the bones of a State of the Union pledge, President Barack Obama on Wednesday unveiled a controversial plan to help homeowners who are current on their mortgage payments refinance their mortgages into federally insured loans at today's extremely low rates. (Thu, 02 Feb 2012 00:10:37 -0800)

Home loan workshop offered by Wells Fargo
Wells Fargo will host a free "Home Preservation Workshop" over two days next week at the S (Wed, 01 Feb 2012 22:51:02 -0800)

Obama presents mortgage refinancing plan
Washington, Feb 2 (IANS/EFE) President Barack Obama Wednesday presented a plan to revitalize the US real estate market that would allow millions of homeowners to refinance their mortgages and take advantage of the current historically low interest rates. (Wed, 01 Feb 2012 20:19:26 -0800)

Mortgage Deal Would Give States Enforcement Clout
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday. (Wed, 01 Feb 2012 17:48:06 -0800)

Banks prepared to face customer rate rage
A mortgage specialist is urging borrowers to hunt around for a better home loan deal if their lender does not pass on official interest rate cuts in full, as the banking industry tries to explain how rate ... (Wed, 01 Feb 2012 17:46:10 -0800)

Obama plan to lower mortgage payments could help, but how much?
President Obama fleshed out a new mortgage-relief plan Wednesday, saying the steps he outlines would "help millions of responsible homeowners" and the US economy. (Wed, 01 Feb 2012 16:13:17 -0800)

Kiwibank Home Loan Rate Changes
Kiwibank has made a number of home loan interest rate changes, effective Friday February 3, including ending the short-term “special” four-year fixed rate. (Wed, 01 Feb 2012 15:57:39 -0800)

How to Lock a Mortgage Rate
Lock a low mortgage rate by comparing a lineup of rates and taking care of timing. (Wed, 01 Feb 2012 15:04:03 -0800)

Mortgage Bonds Recover; Investors Discount Obama Refinancing Plan
Mortgage bond investors expressed skepticism Wednesday over the latest White House proposal to refinance millions of additional U.S. home loans, and stepped cautiously back into securities most likely to be affected by the effort. (Wed, 01 Feb 2012 14:46:14 -0800)

Mortgage Bonds Recover; Investors Discount Obama Refinancing Plan
Mortgage Bonds Recover; Investors Discount Obama Refinancing Plan (Wed, 01 Feb 2012 14:03:07 -0800)

Capstead Mortgage Corporation Announces Fourth Quarter 2011 Results
Capstead Mortgage Corporation today reported net income of $41,968,000 or $0.43 per diluted common share for the quarter ended December 31, 2011. (Wed, 01 Feb 2012 13:10:00 -0800)

Invesco Mortgage Capital Inc. to Present at Credit Suisse Financial Forum
ATLANTA, Feb. 1, 2012 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR - News) is scheduled to present at the Credit Suisse 13th Annual Financial Services Forum to be held in Miami, FL on February 9, ... (Wed, 01 Feb 2012 13:05:00 -0800)

Exclusive: Mortgage deal would give states enforcement clout
(Reuters) - A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday. Under the settlement, which states are currently reviewing to decide whether they will join, the states and a separate "monitoring committee" will have the authority to go to ... (Wed, 01 Feb 2012 12:44:36 -0800)

Mortgage Plan Aims at Refinancing
President Obama said the new package of legislation would make it easier for millions of homeowners to refinance at today’s historically low interest rates. (Wed, 01 Feb 2012 11:47:46 -0800)

Obama proposes new home loan refinancing plan
The Obama administration on Wednesday detailed its latest plan to help millions of homeowners refinance their mortgages to today's historically-low rates. The plan, which requires approval by Congress, would allow borrowers who are current on their mortgage to save an average of $3,000 a year by refinancing into loans backed by the Federal Housing Administration, according to the U.S. Department ... (Wed, 01 Feb 2012 11:33:18 -0800)

Mortgage lending tightens for self-employed, immigrants
Canada’s hot housing market and record levels of household debt are a concern far beyond just the Ottawa offices. Here's what lenders are doing about it. (Wed, 01 Feb 2012 11:30:50 -0800)

Obama proposes new home loan refinancing plan
The Obama administration on Wednesday detailed its latest plan to help millions of homeowners refinance their mortgages to today's historically-low rates. (Wed, 01 Feb 2012 11:28:02 -0800)

Obama proposes home loan refinancing plan
President Barack Obama proposed a plan aimed at helping millions of homeowners refinance their mortgages to today's historically-low rates. To pay for it though, he'll need $5 billion to $10 billion. The plan would allow borrowers who are current on their mortgage to save thousands of dollars by refinancing into loans backed by the Federal Housing Administration, according to the U.S. Department ... (Wed, 01 Feb 2012 11:18:14 -0800)

Mortgage activity slows slightly
WASHINGTON, Feb. 1 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity fell 2.9 percent in the week ending Friday, although long-term interest rates also fell slightly. (Wed, 01 Feb 2012 11:14:44 -0800)

National Family Mortgage Passes $20 Million in Peer-to-Peer Mortgage Loans Between Family Members
BOSTON, MA-- - National Family Mortgage , America's premier peer-to-peer lending solution for home loans between relatives, today announced that it has passed $20 million in total mortgage loan originations. ... (Wed, 01 Feb 2012 11:05:00 -0800)

President Obama's Mortgage Refinance Plan Just a Bid for Votes
COMMENTARY | The Associated Press is reporting that President Barack Obama is planning to push for legislation that would allow millions of homeowners with government-backed mortgages to refinance their loans to take advantage of the historically low interest rate. (Wed, 01 Feb 2012 10:59:00 -0800)

Obama proposes new home loan refinancing plan
The Obama administration on Wednesday detailed its latest plan to help millions of homeowners refinance their mortgages to today's historically-low rates. (Wed, 01 Feb 2012 10:28:18 -0800)

Obama proposes home loan refinancing plan
Obama proposes home loan refinancing plan (Wed, 01 Feb 2012 10:17:00 -0800)

Obama proposes home loan refinancing plan
Obama proposes home loan refinancing plan (Wed, 01 Feb 2012 10:17:00 -0800)

Obama Outlines New Housing Refinance Plan
President Obama today announced his latest plan to revive the housing market, outlining a proposal intended to help homeowners take advantage of historically low mortgage interest rates, even if they owe more than their homes are worth. “This housing crisis struck right at the heart... (Wed, 01 Feb 2012 09:57:35 -0800)

White House details mortgage refinancing plan for homeowners
The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments. (Wed, 01 Feb 2012 09:55:41 -0800)

Obama unveils mortgage refinancing plan
President calls on Congress to pass plan that would make it easier for Americans to refinance, create "Homeowners Bill of Rights" (Wed, 01 Feb 2012 09:51:41 -0800)

Video: Obama unveils mortgage refinancing plan
President Obama on Wednesday urged Congress to make it easier for homeowners to refinance their mortgages at lower interest rates even if they owe more than the value of their home. (Wed, 01 Feb 2012 09:36:05 -0800)

Refinance or Pay Off Mortgage on Rental?
At today's rates, refinancing a rental has its advantages. Weigh these reasons before doing it. (Wed, 01 Feb 2012 08:34:23 -0800)

Obama to detail broader housing refinance plan
The Obama administration is trying to fix a stubborn drag on the economy by making it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe ... (Wed, 01 Feb 2012 08:01:22 -0800)

Obama Outlining Mortgage Refinancing Plan
WASHINGTON -- The Obama administration is trying to fix a stubborn drag on the economy by allowing millions of more homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth, tackling a difficult issue of vital concern in states key to President Barack Obama's re-election. (Wed, 01 Feb 2012 07:51:57 -0800)

Obama plans assistance for rentals, mortgage refinancing
Obama plans assistance for rentals, mortgage refinancing By Lorraine Woellert Bloomberg News Published Feb 1, 2012 08:15AM MDT President Barack Obama will announce a package of proposals to jolt the housing market out of its doldrums, including an effort to help more borrowers take advantage of historically low mortgage interest rates, the White House said Tuesday. The president, following up on ... (Wed, 01 Feb 2012 07:28:27 -0800)

Obama to detail broader housing refinance plan
The Obama administration is trying to fix a stubborn drag on the economy by allowing millions of more homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth, tackling a difficult issue of vital concern in states key to President Barack Obama's re-election. (Wed, 01 Feb 2012 04:49:48 -0800)

Obama aims to broaden mortgage refinancing
WASHINGTON — The Obama administration is trying to fix a stubborn drag on the economy by allowing all homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth, tackling a difficult issue of vital concern in states key to President Barack Obama's re-election. (Wed, 01 Feb 2012 04:45:58 -0800)

Mortgage applications dipped last week: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages slipped last week, even as interest rates also eased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.9 percent in the week ended Jan 27. The MBA's seasonally adjusted index of ... (Wed, 01 Feb 2012 04:26:03 -0800)

Mortgage applications dipped last week: MBA
Applications for U.S. home mortgages slipped last week, even as interest rates also eased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage ... (Wed, 01 Feb 2012 04:26:03 -0800)

Housing Recovery Plan Called Into Question
NEW YORK CITY-Just one short week ago, President Barack Obama called for “no more red tape” and “no more runaround” from the banks, offering homeowners the chance to save about $3,000 a year on their mortgage by refinancing at historically low rates. (Wed, 01 Feb 2012 03:49:11 -0800)

Danish Risk Rekindled as Yield Hunt Stokes Mortgage Bonds
Investors are rediscovering yield in Denmark as mortgage bond issuance crowds out the government’s plan for an early surge in debt sales. (Wed, 01 Feb 2012 02:00:45 -0800)

Prosecutors in Charlie White's trial say documents prove voter fraud
Prosecutors delved into documents regarding Charlie White's home loan and employment during his trial Tuesday to try to show that he lived in a townhome with his new wife when he claimed to be sharing a home with his ex-wife. (Wed, 01 Feb 2012 01:51:16 -0800)

How to lock a mortgage rate for a good deal
You might never get the lowest mortgage interest rate of all time, but with a little knowledge, timing and luck, you can lock in the lowest rate available while you're shopping.Mortgage rates fluctuate ... (Wed, 01 Feb 2012 00:01:47 -0800)

Danish Risk Is Rekindled as Hunt for Yield Stokes Mortgage Bonds
Investors are rediscovering yield in Denmark as mortgage bond issuance crowds out the government’s plan for an early surge in debt sales. (Tue, 31 Jan 2012 18:16:12 -0800)

Security America Mortgage, Inc. Recently Launched the VA Home Loan Service Website for Veterans Buying a Home or ...
Security America Mortgage, Inc. announced the new San Antonio Website that was just recently launched, which features location specific data on the website including VA Loan Services, interest rate deals, with demographic relocation information, VA facilities, and many VA Loan Financial options for mortgage refinance.San Antonio, Texas (PRWEB) January 31, 2012 Security America Mortgage, Inc. now ... (Tue, 31 Jan 2012 16:42:17 -0800)

No Help From HAMP? Refinance Your Mortgage to Lower Costs, Advises Informa Research Services
CALABASAS, CA-- - For many homeowners, government programs such as the Home Affordable Modification Program have been supremely helpful in getting their mortgage obligations to a more affordable level ... (Tue, 31 Jan 2012 16:13:00 -0800)

Danish Risk Is Rekindled as Yield Hunt Stokes Demand for Mortgage Bonds
Investors are rediscovering yield in Denmark as mortgage bond issuance crowds out the government’s plan for an early surge in debt sales. (Tue, 31 Jan 2012 15:23:12 -0800)

Federal Home Loan Bank of San Francisco Releases December 2011 Cost of Funds Index
The Federal Home Loan Bank of San Francisco announced January 31, 2012, that the 11th District Monthly Weighted Average Cost of Funds Index for December 2011 is 1.221%. Th (Tue, 31 Jan 2012 15:18:00 -0800)

Obama mortgage refi plan to be rolled out
President Barack Obama is expected to unveil more details as soon as Wednesday about a new sweeping mortgage-refinance program he first unveiled in his State of the Union. (Tue, 31 Jan 2012 12:15:14 -0800)

30-Year Fixed Mortgage Rate Drops 10 Basis Points; Current Rate is 3.72%, According to Zillow Mortgage Rate Ticker
SEATTLE -- The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 3.72 percent, down 10 basis points from 3.82 percent at this same time last week. On Jan. 17, the 30-year fixed ... (Tue, 31 Jan 2012 11:21:11 -0800)

New York Mortgage Trust Announces Tax Treatment of Common Stock Dividends for 2011
NEW YORK -- New York Mortgage Trust, Inc. (the "Company") announced today the following tax treatment for dividends paid or declared in 2011 on the Company's common stock. (Tue, 31 Jan 2012 10:04:45 -0800)

Should I Switch to Biweekly Mortgage Payments?
There's no magic to a biweekly home loan. Consider other ways to reduce your mortgage. (Tue, 31 Jan 2012 08:37:46 -0800)

Prospect Mortgage Announces Inaugural Rookie Loan Officer Training Program
SHERMAN OAKS, Calif., Jan. 31, 2012 /PRNewswire/ -- Prospect Mortgage, one of the nation's largest independent residential retail mortgage lenders, has launched a Rookie Loan Officer Training Program, ... (Tue, 31 Jan 2012 07:39:00 -0800)

Churchill Mortgage Names Kevin Watson as Middle Tennessee Production Manager
Churchill Mortgage, a leader in the mortgage industry providing conventional, FHA, VA and USDA residential mortgages across 23 states, announced today that Kevin Watson has been na (Tue, 31 Jan 2012 06:00:00 -0800)

US mortgage giant bet against homeowners: report
US-owned mortgage giant Freddie Mac is holding billions of dollars in investments that only pay off if homeowners remain locked into high interest rates, a media investigation has found. (Tue, 31 Jan 2012 05:02:48 -0800)

Freddie may have bet against refinancing
The Treasury Department is investigating a report that the mortgage giant bet against homeowners’ ability to refinance their loans even as it was making it more difficult for them to do so. (Tue, 31 Jan 2012 04:26:48 -0800)

Resolutions 2012: Buy, sell or sit it out? The housing market in 2012
Twenty-five-year-old Watsonville carpenter Jason Dutton and his fiancé Ashley O'Reilly have qualified for a $190,000 Federal Housing Administration home loan. (Tue, 31 Jan 2012 01:31:42 -0800)

International City Mortgage Achieves Record Loan Production in 2011
International City Mortgage, a direct lender serving California since 1987, announces record home loan production in 2011 and expectation of continued record growth in 2012. (PRWeb January 31, 2012) Read the full story at http://www.prweb.com/releases/20 (Tue, 31 Jan 2012 00:27:06 -0800)

Mortgage Accord, Debt Collection Settlement, Foreign Bribes: Compliance
States have until Feb. 3 to decide whether to accept a proposed nationwide settlement of a foreclosure probe with banks including JPMorgan Chase & Co. and Citigroup Inc. that may total as much as $25 billion. (Mon, 30 Jan 2012 21:25:40 -0800)

Mortgage Giant Places Bets Against Homeowners
NPR and ProPublica have found that Freddie Mac, the giant government-owned mortgage company, has been placing financial bets against homeowners. Specifically, Freddie Mac has made targeted investments that pay off if homeowners are unable to refinance their mortgages. At the same time, Freddie has been making it harder for many homeowners to get new loans. (Mon, 30 Jan 2012 14:31:29 -0800)

Federal Home Loan Bank of Cincinnati Announces Results of Member Director Elections
CINCINNATI -- The Federal Home Loan Bank of Cincinnati's board of directors announced the results of the FHLBank's recent member director elections. The directors were elected to four-year terms beginning ... (Mon, 30 Jan 2012 13:28:14 -0800)

Carl Wick Elected Chairman of the Council of Federal Home Loan Banks
CINCINNATI -- Carl Wick, chairman of the Federal Home Loan Bank of Cincinnati, has been elected to a two-year term as chairman of the Council of Federal Home Loan Banks. He succeeds Lee R. Gibson, chairman ... (Mon, 30 Jan 2012 13:22:04 -0800)

Mortgage Industry Veteran Barry Habib Joins RFC as Chief Market Strategist
Barry Habib has returned to the mortgage industry as the chief market strategist for Residential Finance Corp. , a Columbus, Ohio-based lender. Habib, an American entrepreneur (Mon, 30 Jan 2012 13:22:00 -0800)

Commercial-Mortgage Bond Rally May Have Run Out of Steam, Citigroup Says
Values on so-called AM and AJ securities, some of which have been cut to junk after being assigned top grades at issuance, increased “remarkably” during the first half of January, Citigroup analysts led by Jeffrey Berenbaum said in a Jan. 27 report. (Mon, 30 Jan 2012 13:05:53 -0800)

2012 Mortgage Rate Forecast: Remaining Low
You'll like the 2012 mortgage rate forecast. Well, except for the higher fees. We explain. (Mon, 30 Jan 2012 12:52:55 -0800)

Refinance When You Have a Second Mortgage
It's not easy to refinance your mortgage when you have equity debt. Here are the options. (Mon, 30 Jan 2012 12:52:35 -0800)

VA’s Home Loan Program Continues to Lead Mortgage Industry
Home loans guaranteed by the Department of Veterans Affairs continue to have the lowest serious delinquency and foreclosure rates in the mortgage industry. Veterans have also taken (Mon, 30 Jan 2012 12:38:00 -0800)

VA’s Home Loan Program Continues to Lead Mortgage Industry
Home loans guaranteed by the Department of Veterans Affairs continue to have the lowest serious delinquency and foreclosure rates in the mortgage industry. Veterans have also taken (Mon, 30 Jan 2012 12:38:00 -0800)

Freddie Mac Hurting Homeowners?
Is Freddie Mac trying to help homeowners–or hurt them? A recent investigation into trades made by the taxpayer-owned mortgage giant shows that while Freddie with one hand is helping consumers get mortgages, it is, with its other, making those mortgages harder to refinance. Result: Homeowners trying to refinance their way out of high-interest mortgages... (Mon, 30 Jan 2012 10:07:37 -0800)

Is Freddie Mac Betting Against Homeowners?
Is Freddie Mac trying to help homeowners–or hurt them? A recent investigation into trades made by the taxpayer-owned mortgage giant shows that while Freddie with one hand is helping consumers get mortgages, it is, with its other, making those mortgages harder to refinance. Result: Homeowners trying to refinance their way out of high-interest mortgages... (Mon, 30 Jan 2012 09:54:45 -0800)

Mortgage Modifications Benefit Mortgage Insurers: Analysts
Greater participation from Fannie Mae and Freddie Mac in principal reductions could deliver a $4 billion benefit to the mortgage insurance industry, according to the analysts at FBR Capital Markets. (Mon, 30 Jan 2012 09:07:23 -0800)

Mitt Romney, Newt Gingrich barnstorm Florida on eve of important primary
JACKSONVILLE, Fla. -- Mitt Romney continued hammering at Newt Gingrich's ties to the embattled home loan giant Freddie Mac, hoping to pound in one more nail on the day before Floridians go to the polls. (Mon, 30 Jan 2012 09:00:22 -0800)

Federal Home Loan Bank of Atlanta Names Jon Keagle Vice President, Manager of Mortgage Funding Strategies
ATLANTA -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that Jon Keagle has joined the Bank as Vice President and Manager of Mortgage Funding Strategies for Member Sales, Trading, ... (Mon, 30 Jan 2012 07:11:30 -0800)

Freddie Mac Bets Against Refinancing? Or Just Higher Rates?
An investment in "inverse floaters" probably was just a bet on stable interest rates, not keeping homeowners trapped in their mortgages. (Mon, 30 Jan 2012 06:03:25 -0800)

Canada Guaranty mortgage insurance now available through ING DIRECT
Canada Guaranty mortgage insurance now available through ING DIRECT (Mon, 30 Jan 2012 05:30:00 -0800)

Mortgage modification program expanded to investors, others
The Obama administration on Friday announced it would significantly broaden the pool of consumers eligible for mortgage modifications by opening its program to owners of rental properties and homeowners burdened by medical and credit card bills and second mortgages. (Mon, 30 Jan 2012 05:06:04 -0800)

Twice as Many Mortgage Holders Save Rather Than Pay Down Their Debt
LONDON, January 30, 2012 /PRNewswire/ --Despite recent research showing that overpaying on a mortgage offers better longer term rewards than saving, twice as many mortgage holders save regularly rather ... (Mon, 30 Jan 2012 04:48:00 -0800)

Company Announcement No. 12, 2012 - Auction of mortgage covered bonds in Nordea Kredit Realkreditaktieselskab
Regulatory News: (Mon, 30 Jan 2012 04:38:00 -0800)

Freddie Mac Betting Against Struggling Homeowners
Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica. (Mon, 30 Jan 2012 02:19:59 -0800)

California’s Harris Seeks to Improve Mortgage Deal With Holdout
California Attorney General Kamala Harris’s holdout position in a proposed agreement with banks over foreclosure practices may reap financial and political rewards at the cost of prolonging some constituents’ suffering. (Mon, 30 Jan 2012 02:10:42 -0800)

Should I switch to biweekly mortgage payments?
Dear Dr. Don,If I were to switch from a monthly mortgage payment to a biweekly payment, the new payment also would have to cover taxes, homeowners insurance and private mortgage insurance, or PMI.My total ... (Mon, 30 Jan 2012 00:01:12 -0800)

Aussie home loan customers call for planning changes
Aussie home loan customers believe that independent experts should have the final decision on new housing developments in New South Wales (NSW), rather than council members, according to research (Sun, 29 Jan 2012 21:03:16 -0800)

Aussie home loan customers call for planning changes
Aussie home loan customers believe that independent experts should have the final decision on new housing developments in New South Wales (NSW), rather than council members, according to research conducted by Auspoll. (Sun, 29 Jan 2012 20:14:15 -0800)

Jobless Homeowners May Soon Get A "Time Out" From Mortgage Payments
New mortgage policies in the works to help homeowners prevent foreclosures and possibly refinance, but fees for new mortgages are about to go up. (Sun, 29 Jan 2012 15:10:16 -0800)

Early repay
I wish to take a home loan for six years. But I want to pay the loan as early as possible. Can I prepay part of the loan every year? ks now allow prepayment of outstanding balance in home loan anytime without any penalty. (Sun, 29 Jan 2012 15:06:53 -0800)

Jobless Homeowners May Soon Get A "Time Out" From Mortgage Payments
New mortgage policies in the works to help homeowners prevent foreclosures and possibly refinance, but fees for new mortgages are about to go up. (Sun, 29 Jan 2012 10:55:13 -0800)

SCB expects two new products will boost its home loan business
The launch of two attractive products by Siam Commercial Bank - a maximum mortgage loan of 100 per cent without any down payment, and home insurance with flood coverage - makes the bank believe it can rapidly grow its housing loan business at the beginning of this year. (Sun, 29 Jan 2012 09:31:45 -0800)

Prepay mortgage or refinance your home?
Dear Dr. Don, My wife and I have a mortgage balance of about $60,000. Our principal and interest expense is about $1,000 per month. We're about eight years into a 15-year mortgage. (Sun, 29 Jan 2012 03:43:30 -0800)

Double home loan repayment exemption limit to Rs 3 lakh: ICAI
Seeking relief for home buyers, accounting regulator ICAI has asked the Finance Ministry to double the tax exemption limit on loan repayment to Rs 3 lakh. (Sun, 29 Jan 2012 03:30:16 -0800)

Double home loan repayment exemption limit to Rs 3 lakh: ICAI
Seeking relief for home buyers, accounting regulator ICAI has asked the Finance Ministry to double the tax exemption limit on loan repayment to Rs 3 lakh. (Sun, 29 Jan 2012 02:44:36 -0800)

Double home loan repayment exemption limit to Rs 3 lakh: ICAI
Seeking relief for home buyers, accounting regulator the Institute of Chartered Accountants of India (ICAI) has asked the Finance Ministry to double the tax exemption limit on loan repayment to Rs 3 lakh. (Sun, 29 Jan 2012 02:33:53 -0800)

Mortgage Foreclosures
These are mortgage foreclosures filed with the civil division of the Circuit Court in September. Names in bold are the subject of or have an interest in the foreclosure action. Lighter names filed the foreclosure action. (Sun, 29 Jan 2012 01:39:01 -0800)

Mortgage Task Force Has Fancy Name, but Will It Get Tough?
President Obama’s new task force has much to tackle in the mortgage mess — and soon, if it wants to allay suspicions that the authorities have given powerful institutions a pass. (Sat, 28 Jan 2012 12:44:15 -0800)

Prepay mortgage or refinance your home?
Dear Dr. Don, My wife and I have a mortgage balance of about $60,000. Our principal and interest expense is about $1,000 per month. We're about eight years into a 15-year mortgage. (Sat, 28 Jan 2012 03:43:55 -0800)

Mortgage Rates Bloom This Week Despite Fed's Gloom On Economy
Mortgage rates inched up this week, despite the Fed's latest efforts to hold rates low. Some experts worry that as investors gain confidence in the economy, rates may keep climbing. Others say there's still plenty of bad economic news to keep rates at (Sat, 28 Jan 2012 02:04:15 -0800)

U.S. extending, expanding home loan aid programs - Sat, 28 Jan 2012 PST
WASHINGTON – The Obama administration said Friday that it will expand its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes. The Home ... (Sat, 28 Jan 2012 00:24:48 -0800)

PSMH: Update on Iowa Mortgage Professionals, Inc. Acquisition
On January 13, 2012, PSMH released pro forma financial statements for its acquisition of Iowa Mortgage Professionals, Inc. (:IMP), which closed on November 1, 2011. (Fri, 27 Jan 2012 14:10:24 -0800)

Apollo Residential Mortgage, Inc. Announces 2011 Dividend Income Tax Treatment
NEW YORK, NY-- - Apollo Residential Mortgage, Inc. announced today the estimated Federal income tax treatment of the Company's 2011 distribution on its common stock . The Federal income tax classification ... (Fri, 27 Jan 2012 13:15:00 -0800)

Administration looks to extend mortgage mods to rental properties, others
The Obama administration on Friday sought to significantly broaden the pool of consumers eligible for its mortgage modification program by opening the effort to owners of rental properties and homeowners burdened by medical and credit card bills and second mortgages. (Fri, 27 Jan 2012 12:58:59 -0800)

Mortgage probe unveiled as foreclosure talks loom
President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners. (Fri, 27 Jan 2012 12:54:36 -0800)

Mortgage probe unveiled as foreclosure talks loom
President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners. (Fri, 27 Jan 2012 12:34:07 -0800)

Mortgage fraud task force launched
More than three years after the height of the financial crisis, federal and state regulators on Friday launched a mortgage fraud task force to investigate the pooling and securitization of mortgage securities by big banks. (Fri, 27 Jan 2012 10:41:10 -0800)

Fitch Publishes New Issue Report on Sequoia Mortgage Trust
Link to Fitch Ratings' Report: Sequoia Mortgage Trust 2012-1http://www.fitchratings.com/cred (Fri, 27 Jan 2012 10:17:00 -0800)

LPS' Mortgage Monitor Report Shows 2010, 2011 Originations Among Best Quality on Record; Delinquencies Down 25 Percent ...
JACKSONVILLE, Fla., Jan. 27, 2012 /PRNewswire/ -- The December Mortgage Monitor report released by Lender Processing Services (NYSE: LPS - News) shows mortgage originations continued their decline from 2011's ... (Fri, 27 Jan 2012 06:15:00 -0800)

Fund's home loan program for sale
The NMI Retirement Fund is selling its member home loan program after its board of trustees approved yesterday the issuance of a request for proposal. (Fri, 27 Jan 2012 06:00:06 -0800)

Mortgage deal draws detractors from all sides
A draft settlement between states and mortgage companies that would let the nation's biggest banks pay out billions to compensate for a raft of foreclosures has public interest groups across the political spectrum hopping mad over a deal they say was forged behind closed doors and is being strong-armed by the Obama administration.  (Fri, 27 Jan 2012 05:01:56 -0800)

Mortgage rates 'to be volatile'
Brokers are telling new borrowers to expect mortgage rates to see-saw in the coming months, owing to economic uncertainty. (Fri, 27 Jan 2012 04:09:58 -0800)

Mortgage rates bloom despite Fed's gloom
Mortgage rates inched up this week, despite the Fed's latest efforts to hold rates low. Some experts worry that as investors gain confidence in the economy, rates may keep climbing. Others say there's still plenty of bad economic news to keep rates at the bottom. (Fri, 27 Jan 2012 03:43:20 -0800)

Prepay mortgage or refinance your home?
Dear Dr. Don, My wife and I have a mortgage balance of about $60,000. Our principal and interest expense is about $1,000 per month. We're about eight years into a 15-year mortgage. (Fri, 27 Jan 2012 03:42:50 -0800)

Home Economics: Here's how to find out who holds your mortgage
This is important information for homeowners in financial trouble, as well as those who plan to refinance. (Fri, 27 Jan 2012 01:10:15 -0800)

Mortgage rates pull away from record lows
WASHINGTON, Jan. 26 (UPI) -- Average fixed mortgage interest rates for 30-year contracts rose from record lows in the week, the Federal Home Loan Mortgage Corp. said Thursday. (Thu, 26 Jan 2012 14:32:26 -0800)

Prepay Your Mortgage or Refinance Your Home?
You could cut your interest and loan costs by prepaying but at today's rates, why not refi? (Thu, 26 Jan 2012 13:57:49 -0800)

Mortgage Rates Bloom Despite the Fed's Gloom
Mortgages shrug off the Federal Reserve's promise to hold short-term rates low for years. (Thu, 26 Jan 2012 13:41:45 -0800)

New mortgage fraud task force
In the Wild West of the ongoing mortgage mess, there’s a new sheriff in town. And he’s not handing "Get Out of Jail Free" cards in return for a $25 billion check. (Thu, 26 Jan 2012 13:20:52 -0800)

Bank of America extends drop in mortgage rankings
(Reuters) - Bank of America Corp was the fourth-biggest U.S. mortgage lender in the fourth quarter of 2011, continuing its descent in the rankings after it stopped buying loans made by smaller banks. The second-largest U.S. bank in 2008 became the biggest mortgage originator after buying Countrywide Financial, but it has been gradually paring back the business as it copes with losses from the ... (Thu, 26 Jan 2012 13:15:26 -0800)

Anworth Mortgage Asset Corporation Announces Dividend Tax Information for 2011
Anworth Mortgage Asset Corporation , a real estate investment trust , announced today tax information regarding its dividend distributions for the fiscal year ende (Thu, 26 Jan 2012 13:15:00 -0800)

Native American home loan program available
Federally recognized Native American tribal members have a great advantage in the home buying market. In 1992 Congress approved the section 184 program to help the much underserved market of Native... (Thu, 26 Jan 2012 12:49:35 -0800)

PSMH: Update on Iowa Mortgage Professionals, Inc. Acquisition
On January 13, 2012, PSMH released pro forma financial statements for its acquisition of Iowa Mortgage Professionals, Inc. (:IMP), which closed on November 1, 2011. (Thu, 26 Jan 2012 11:00:26 -0800)

ASB reduces interest rates
27 January 2012 ASB Bank is reducing some of its fixed home loan interest rates from today by up to 0.2 percent. (Thu, 26 Jan 2012 10:22:22 -0800)

Mortgage Fraud Still Rampant
If President Obama is serious about forming a new unit to prosecute financial and mortgage crimes, the first place he should look is at operators who are fleecing desperate homeowners. Scams that target these down-on-their-luck folks are rampant. (Thu, 26 Jan 2012 09:37:26 -0800)

Housing projects in Camden, Phila. share $2M in grants
The Federal Home Loan Bank of New York awarded nearly $2 million in subsidies to two affordable-housing projects in Philadelphia and Camden. (Thu, 26 Jan 2012 09:15:25 -0800)

Rate on 30-year fixed mortgage rises to 3.98 pct.
The average rate on the 30-year fixed mortgage rose this week for the first time this month, though it remained below 4 percent for the eighth straight week. (Thu, 26 Jan 2012 08:15:32 -0800)

Federal Home Loan Bank of New York Awards $33.6 Million For 57 Affordable Housing Initiatives
-Combined projects will create or rehabilitate more than 2,800 affordable housing units throughout New Jersey, New York, Maryland and Pennsylvania- (Thu, 26 Jan 2012 08:02:11 -0800)

Home loans uptake not hit by rising rates
The year 2011 was everything that 2009 and 2010 were not, well at least for the home loan segment. While the latter years saw banks offering teaser home loan rates to ward off the recessionary doom of 2008-09, 2011 saw the RBI resorting to rate correction. (Thu, 26 Jan 2012 07:59:45 -0800)

Mortgages: Fixed mortgage rates jump: Freddie Mac
Rates on the 30-year fixed-rate mortgage jump this week, after data showed improvement in the housing market, according to Freddie Mac’s weekly survey of conforming mortgage rates, released on Thursday. (Thu, 26 Jan 2012 07:40:01 -0800)

Why Obama's Refinancing Plan Won't Pass Congress
NEW YORK (MainStreet) -- If you're a homeowner, the White House wants to chop $3,000 off your monthly mortgage payments -- even if you're current on them. You won't even have to go through those controversy-courting government-sponsored mortgage providers Fannie Mae or Freddie Mac. Most homeowners are probably ready to sign up for such a deal no questions asked, but the analysts who are asking ... (Thu, 26 Jan 2012 07:25:21 -0800)

Mortgage Rates Reverse Course on Positive Housing Data
McLEAN, Va., Jan. 26, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC.OB - News) today released the results of its Primary Mortgage Market Survey ® (PMMS ® ), showing average mortgage rates climbing as the housing market ... (Thu, 26 Jan 2012 07:00:00 -0800)

Fund's home loan program for sale
The NMI Retirement Fund is selling its member home loan program after its board of trustees approved yesterday the issuance of a request for proposal. (Thu, 26 Jan 2012 05:57:12 -0800)

Bankrate: Mortgage Rates Post First Increase of 2012
NEW YORK, Jan. 26, 2012 /PRNewswire/ -- After weeks of very little movement, mortgage rates were up slightly this week. The average 30-year fixed mortgage rate rose to 4.25 percent, according to Bankrate.com's ... (Thu, 26 Jan 2012 04:30:00 -0800)

Prepay mortgage or refinance your home?
Dear Dr. Don, My wife and I have a mortgage balance of about $60,000. Our principal and interest expense is about $1,000 per month. We're about eight years into a 15-year mortgage. (Thu, 26 Jan 2012 03:44:51 -0800)

Mortgage rates bloom despite Fed's gloom
Mortgage rates inched up this week, despite the Fed's latest efforts to hold rates low. Some experts worry that as investors gain confidence in the economy, rates may keep climbing. Others say there's still plenty of bad economic news to keep rates at the bottom. (Thu, 26 Jan 2012 03:42:40 -0800)

VA Home Loan Centers Announces New Regulations May Adversely Affect Veterans Who Apply for a VA Home Loan Modification
VA Home Loan Centers announces new regulations may be too restrictive for borrowers who seek a VA loan modification. (PRWeb January 26, 2012) Read the full story at http://www.prweb.com/releases/VA (Thu, 26 Jan 2012 00:45:34 -0800)

Obama plan could help refinance Bay Area mortgages
The Obama administration plans to unveil in the next few weeks a new proposal to let homeowners who are current on their mortgage refinance quickly and easily, even if they owe more than their homes are worth and their... (Thu, 26 Jan 2012 00:28:48 -0800)

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