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How Much Will Mortgage Rates Rise When Fed Ends Support?
Mortgage rates, which many feared would rise sharply when the Fed stops propping up the market, may not budge much, analysts say (Tue, 16 Mar 2010 20:12:38 GMT)

UPDATE: Fed To End Mortgage Buys Mar 31 As US Economy Gains
UPDATE: Fed To End Mortgage Buys Mar 31 As US Economy Gains (Tue, 16 Mar 2010 19:54:05 GMT)

Heslop looking for home
On loan midfielder hoping to have found a home at Luton (16/03/2010 17:13:52) (Tue, 16 Mar 2010 19:14:06 GMT)

Fed To End $1.25 Trillion Mortgage Buys Mar 31 As US Economy Improves
Fed To End $1.25 Trillion Mortgage Buys Mar 31 As US Economy Improves (Tue, 16 Mar 2010 18:55:12 GMT)

Mortgage Rates Rise Slightly; Current 30-Year Fixed Rate is 4.78%, According to Zillow(R) Mortgage Rate Ticker
The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.78 percent, up two basis points from 4.76 percent compared to this same time last week. The 30-year fixed mortgage rate rose and fell the past week with a Monday spike to 4.85 percent. (Tue, 16 Mar 2010 18:49:00 GMT)

Student bears loss of parents, faces mortgage
Imagine a teenager enduring the heartache of losing both parents. Then imagine having to bear the weight of those deaths every day. Such is the plight of 18-year-old Eric Oliver, a Leyden High School District 212 senior, who bravely dealt with the loss of his parents, Nancie and Alan Oliver, and has managed to pay the monthly mortgage on his childhood home. (Tue, 16 Mar 2010 18:48:26 GMT)

Fighting Blight in the City One Home at a Time
A federal grant program is helping Fresno to fight blight in the city, one home at a time. The city's working on a plan to give older neighborhoods a facelift. Fresno buys foreclosed and abandoned homes, renovates them and then sells them. It’s part of the Neighborhood Stabilization Program (NSP), a U.S. Department of Housing and Urban Development (HUD) program, which provides targeted emergency ... (Tue, 16 Mar 2010 18:16:12 GMT)

Great Oak Lending Partners Ranked 10th in US for Reverse Mortgage Production
Top Ranked Company in Maryland; Grows Market Share by 4910 Percent (Tue, 16 Mar 2010 16:34:24 GMT)

Great Oak Lending Partners Ranked 10th in US for Reverse Mortgage Production
TIMONIUM, MD--(Marketwire - 03/16/10) - Great Oak Lending Partners , a trusted mortgage company servicing the Mid-Atlantic, today announced that it has been ranked # 10 nationwide for reverse mortgage production and volume for the month of February, as recorded by the monthly HECM endorsement reports. The company was also recognized as the top ranked company in the state of Maryland. This ... (Tue, 16 Mar 2010 16:24:00 GMT)

Mortgage payoff in a divorce
Can split trigger due-on-sale clause? Can split trigger due-on-sale clause? DEAR BENNY: My wife and I are in the process of getting a divorce. I am prepared to give her the family home so that our children will not be disrupted any more than they already are. (Tue, 16 Mar 2010 16:19:20 GMT)

Regulators: Maine home foreclosures keep rising
Maine banking regulators say home foreclosures in the state are continuing to increase. But they also report a substantial increase in first-time mortgages. (Tue, 16 Mar 2010 15:11:30 GMT)

Man sentenced in Arizona mortgage fraud scheme
A Haitian man was sentenced Monday to nearly 17 years in prison for leading a mortgage fraud scheme in Phoenix that authorities say cost banks about $9.5 million. (Tue, 16 Mar 2010 14:34:39 GMT)

Man Sentenced in Mortgage Fraud Scheme
A Haitian man was sentenced to nearly 17 years in prison for leading a mortgage fraud scheme in Phoenix that authorities say cost banks about $9.5 million. (Tue, 16 Mar 2010 14:02:39 GMT)

Winger loan deal blocked
MATCH winner Nick Ross almost followed follow fellow youngsters Graeme Shinnie, Gavin Morrison and Shane Sutherland out on loan, it emerged yesterday. (Tue, 16 Mar 2010 13:12:20 GMT)

Radnet to Sell Bonds as Yield Spreads Narrow: New Issue Alert
March 16 (Bloomberg) -- Radnet Inc. , the owner of outpatient diagnostic imaging centers, plans to issue bonds as narrowing yield spreads and falling interest rates lure borrowers to the U.S. corporate debt market. (Tue, 16 Mar 2010 11:24:36 GMT)

National Fraud Authority warns against rise in mortgage fraud
In a report published today, called Working Together to Stop Mortgage Fraud, the NFA says the public and private sector should join forces to more effectively respond to new fraud threats. (Tue, 16 Mar 2010 11:14:12 GMT)

Mortgage report finds state ranks high in bad loans
The Feb. 2010 Mortgage Monitor report, released by Lender Processing Services Inc., shows that while delinquency rates in the U.S. have risen to historic highs, the pace of deterioration has slowed. (Tue, 16 Mar 2010 10:59:25 GMT)

Gov’t-owned home guaranty firm eyes sale of P5.5B bonds
Government-owned Home Guaranty Corp. (HGC) says it is eyeing the sale of P5.5 billion worth of bonds in the domestic capital market in April to pay off its debts and beef up its reserves. (Tue, 16 Mar 2010 10:15:53 GMT)

Refinance likely, thanks to equity cushion
Owning a first home free and clear should boost the odds of getting a refinance on a second home. (Tue, 16 Mar 2010 10:00:00 GMT)

Jeandron: Indio home foreclosure to be resolved soon
Riverside County supervisor candidate Gary Jeandron is in the early stages of foreclosure after failing to pay $11,807 on his Indio home, county property records show. (Tue, 16 Mar 2010 08:35:20 GMT)

Candidate has home facing foreclosure
An Indio home owned by Riverside County supervisor candidate Gary Jeandron is in the early stages of foreclosure after a failure to pay $11,807, county property records show. (Tue, 16 Mar 2010 08:30:42 GMT)

Fight against mortgage fraud steps up
With nearly £144 billion in mortgages loaned in the last year, this presents an attractive target for criminals. The NFA estimates that the annual value of mortgage fraud is £1 billion, and without continued cooperation, that figure could increase. (Tue, 16 Mar 2010 08:20:51 GMT)

Marysville couple buys, renovates a home with help from little-used loan program
MARYSVILLE — For some time, Larry Iverson had been looking for a fixer-upper. But as home prices continued to climb, even places with serious problems were priced out of Iverson’s reach. (Tue, 16 Mar 2010 06:58:26 GMT)

Lenders warned on mortgage fraud
Lenders were urged today to be on their guard against rising levels of mortgage fraud as the economy picks up. (Tue, 16 Mar 2010 06:53:52 GMT)

Junk Bond Avalanche Looms for Credit Markets
When the Mayans envisioned the world coming to an end in 2012 — at least in the Hollywood telling — they didn’t count junk bonds among the perils that would lead to worldwide disaster, Nelson D. Schwartz writes in The New York Times. (Tue, 16 Mar 2010 06:45:58 GMT)

Warning over mortgage fraud rise
Lenders have been urged to be on their guard against rising levels of mortgage fraud as the economy picks up. (Tue, 16 Mar 2010 06:42:31 GMT)

California tax relief for forgiven mortgage debt delayed by politics
Sacramento-area residents are almost certain to get state tax relief for 2009 forgiven mortgage debt – eventually. (Tue, 16 Mar 2010 05:59:26 GMT)

Man’s mortgage scam in Phoenix costs banks $9.5 million
Officials said the Haitian man ran the mortgage fraud scheme from 2005 to 2007. (Tue, 16 Mar 2010 04:00:35 GMT)

Batemon: Feds not likely to pay off loan for Veterans Home
PELL CITY — St. Clair County Commission Chairman Stan Batemon said Monday it’s doubtful a local loan for the construction of the new Veterans Home could be paid off with federal dollars. (Tue, 16 Mar 2010 03:41:51 GMT)

Marysville couple buys, renovates a home with help from little-used loan program
MARYSVILLE — For some time, Larry Iverson had been looking for a fixer-upper. But as home prices continued to climb, even places with serious problems were priced out of Iverson’s reach. (Tue, 16 Mar 2010 03:09:53 GMT)

Mortgage relief program popular, arduous
A year after the federal government launched the Homeowner Affordability and Stability Plan, interest in the government's mortgage relief program is still strong. (Tue, 16 Mar 2010 03:06:54 GMT)

sellers couldn't meet their obligation
The California Association of Realtors' 2009-2010 Survey of California Home Sellers reports 67 percent of all sellers in the state sold their homes due to difficulties in meeting their mortgage obligation. (Tue, 16 Mar 2010 02:35:51 GMT)

Mortgage refinancing penalties prompt backlash
Ombudsman for Banking Services sees spike in complaints from Canadians upset about size of penalties – or fees that weren't clearly disclosed (Tue, 16 Mar 2010 01:14:42 GMT)

Mortgage fraud nets man 17-year prison sentence
A Haitian man was sentenced Monday to nearly 17 years in prison for leading a mortgage fraud scheme in Phoenix that authorities say cost banks about $9.5 million. (Tue, 16 Mar 2010 00:41:35 GMT)

Man sentenced in Arizona mortgage fraud scheme
PHOENIX (AP) — A Haitian man was sentenced Monday to nearly 17 years in prison for leading a mortgage fraud scheme in Phoenix that authorities say cost banks about $9.5 million. Federal prosecutors say 51-year-old Mario G. Bernadel was convicted last September on 19 counts related to mortgage fraud, including mail, wire and bank fraud plus transactional money laundering. Authorities say Bernadel ... (Tue, 16 Mar 2010 00:14:19 GMT)

Phil Capitano says he has paid mortgage
Kenner mayoral candidate Phil Capitano, target of a foreclosure lawsuit filed in January, said Monday he has brought his mortgage paymentsup to date. Phil Capitano"I paid it; it's all current," he said. JPMorgan Chase Bank started foreclosure proceedings against... (Mon, 15 Mar 2010 22:56:01 GMT)

Junk Bond Avalanche Looms for Credit Markets
More than $700 billion of high-yield debt will mature over a three-year period beginning in 2012, raising worries about new loans, defaults and bankruptcies. (Mon, 15 Mar 2010 22:49:13 GMT)

Home loan company to fill 100 jobs at Kierland office
Loan Resolution Corp. expects to quadruple number of short sales through two major banks (Mon, 15 Mar 2010 22:43:01 GMT)

Mortgage approvals fall by half
Just 32,000 mortgages were approved in January compared to 62,800 in December, the CML said, as first-time buyers deserted the market The number of mortgages approved for house purchases fell by almost half in January, as the reintroduction of stamp duty on homes costing more than £125,000 hit the market, the Council of Mortgage Lenders (CML) said today. A total of 32,000 homebuyer loans worth ... (Mon, 15 Mar 2010 21:57:04 GMT)

Fitch upgrades Home Capital Group ratings
Fitch Ratings has upgraded the long-term and short-term ratings of Toronto-based mortgage company, Home Capital Group, Inc. (Mon, 15 Mar 2010 21:33:11 GMT)

US To Abstain From Eskom Loan Vote
The US government has reportedly indicated to the South African government that it would abstain from the Eskom World Bank loan vote in early April, Public Enterprises Minister Barbara Hogan said on Friday - the vote was expected to take place on either April 7 or April 8, 2010. (Mon, 15 Mar 2010 21:15:11 GMT)

Cost of owning a home up slightly in late 2009; will continue to rise: RBC
TORONTO - Home prices will continue to rise this spring as buyers scramble to close deals ahead of expected higher interest rates, new mortgage rules and new taxes in two key markets. (Mon, 15 Mar 2010 21:12:00 GMT)

VU Law conference holds conference on subprime mortgage crisis
VALPARAISO | The Valparaiso University School of Law will host aMarch 26 conference delving into the causes and consequences of thesubprime mortgage crisis. “Anatomy of the Subprime Mortgage Crisis:Empirical Studies of Loan Document Data – a Symposium” will featurepresentations by nine scholars from around the country who willdiscuss their original empirical papers exploring the terms ... (Mon, 15 Mar 2010 20:55:02 GMT)

Former Waynesville man convicted in $7.9 million mortgage scheme
DAYTON — A former Waynesville man was convicted of charges relating to a mortgage scheme that prosecutors said netted him more than $7.9 million and involved 57 property investors and 246 residential properties throughout greater Dayton.Gregory S. Chew, 42, was convicted Monday, March 15, after a 15-day trial in federal court. (Mon, 15 Mar 2010 20:49:10 GMT)

Marysville couple buys, renovates a home with help from little-used loan program
MARYSVILLE — For some time, Larry Iverson had been looking for a fixer-upper. But as home prices continued to climb, even places with serious problems were priced out of Iverson’s reach. (Mon, 15 Mar 2010 20:12:57 GMT)

Fitch Upgrades Home Capital Group; Outlook Stable
NEW YORK----Fitch Ratings has upgraded the long-term and short-term Issuer Default Ratings of Home Capital Group, Inc and its subsidiary, Home Trust Company to 'BBB/F2' from 'BBB-/F3'. (Mon, 15 Mar 2010 19:33:00 GMT)

Home Bank expands reach
Lafayette-based Home Bank has entered into an agreement with the Federal Deposit Insurance Corp. to purchase certain assets, deposits and liabilities of Statewide Bank, which has headquarters in Covington. (Mon, 15 Mar 2010 19:28:19 GMT)

Central Bank to buy out partners in mortgage subsidiary by month-end
Public sector Central Bank of India expects to complete the buyback of its mortgage finance subsidiary, Centbank Home Finance, by the end of the current financial year. (Mon, 15 Mar 2010 18:31:47 GMT)

Follow the Money Links: How hard is it to get a mortgage these days?
Even if a borrower has good credit, there may be other stumbling blocks on the road to your 30-year fixed mortgage, according to the Wall Street Journal. Plus, other housing- and mortgage-related news links. (Mon, 15 Mar 2010 18:21:10 GMT)

Commercial Mortgage Debt Rallies as TALF Ending: Credit Markets
March 15 (Bloomberg) -- Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. (Mon, 15 Mar 2010 17:02:35 GMT)

Absa allows mortgage skip
Absa, SA's largest retail bank, is allowing HIV infected clients to skip mortgage payments on its 110% home loan product. (Mon, 15 Mar 2010 16:19:31 GMT)

Absa allows mortgage skip
SAs largest retail bank Absa is allowing HIV-infected clients to miss mortgage payments on its 110% home loan product. (Mon, 15 Mar 2010 16:12:56 GMT)

US To Abstain From Eskom Loan Vote
The US government has reportedly indicated to the South African government that it would abstain from the Eskom World Bank loan vote in early April, Public Enterprises Minister Barbara Hogan said on Friday - the vote was expected to take place on either April 7 or April 8, 2010. (Mon, 15 Mar 2010 16:08:33 GMT)

5 states rush plans for $1.5B in housing funds
The five states hardest hit by the foreclosure crisis have been given only weeks to plan how to spend $1.5 billion in federal funding announced by the Obama administration last month. (Mon, 15 Mar 2010 15:36:36 GMT)

BofA, Wells Fargo Mortgage Modifications Up In Feb.
Mortgage modifications at two of the nation's largest banks rose in February under a government-backed program, according to federal data. (Mon, 15 Mar 2010 14:55:55 GMT)

CREA says February existing home sales rose 44 per cent from a year earlier
OTTAWA - Canadian home resales moved higher in February-setting new monthly records in both Ontario and Quebec - but the rebound is starting to (Mon, 15 Mar 2010 14:33:06 GMT)

CREA says February existing home sales rose 44 per cent from a year earlier
OTTAWA - Canadian home resales moved higher in February-setting new monthly records in both Ontario and Quebec - but the rebound is starting to lose some of its steam. (Mon, 15 Mar 2010 14:19:00 GMT)

Nabbing a Bargain-Basement Mortgage Before Rates Rise
Is it time to rush out and buy a house before mortgage rates go up? Rates are expected to rise at least modestly during the rest of this yearbut the rise could be much steeper. (Mon, 15 Mar 2010 14:11:52 GMT)

BofA Mortgage Modifications Jump in February
Bank of America completed 20,666 mortgage modifications in February under a U.S. government-backed program, up 61 percent from January, the bank said on Friday. (Mon, 15 Mar 2010 13:58:34 GMT)

Loan squeeze thwarts small-business revival
(From The Wall Street Journal ) Thomas Harrison, chief executive of Michigan Ladder Co., has a plan that would contribute to the U.S. economic recovery: Expand the 108-year-old company, adding at least 20 jobs in the process. His chances of getting the loan of $300,000 or more he needs to do so, though, depend in part on what happens to folks like home builder James Haeussler. (Mon, 15 Mar 2010 13:22:37 GMT)

Relevant Links
Mr Massawe said the project appraisal document prepared by the World Bank, BoT and Housing Ministry, puts the initial minimum capital for the mortgage at $4.4 million. (Mon, 15 Mar 2010 12:52:52 GMT)

Marysville couple buys, renovates a home with help from little-used loan program
MARYSVILLE — For some time, Larry Iverson had been looking for a fixer-upper. But as home prices continued to climb, even places with serious problems were priced out of Iverson’s reach. (Mon, 15 Mar 2010 12:14:26 GMT)

Lyondell to Sell Bonds as Junk Issuance Rises: New Issue Alert
March 15 (Bloomberg) -- Lyondell Chemical Co. is among borrowers marketing U.S. corporate bonds after sales of high- yield, high-risk debt reached the most since December amid signs the economic recovery is gaining strength. (Mon, 15 Mar 2010 11:37:44 GMT)

Commercial Mortgage Debt Rallies as TALF Ending: Credit Markets
March 15 (Bloomberg) -- Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. (Mon, 15 Mar 2010 11:22:31 GMT)

It's Possible to Save BIG Regardless of Income
Elisabeth Leamy tackles the responses to her Savings Makeover and shares more tips on saving big on cell phone bills, mortgages, groceries and health insurance. (Mon, 15 Mar 2010 11:17:43 GMT)

Mortgage Originations Jump in 2009; Wells is Biggest
DALLAS , March 15 /PRNewswire/ -- Residential mortgage production increased by more than a third last year, according to MortgageDaily.com's Fourth Quarter 2009 Mortgage Lender Ranking . Wells Fargo & Co. was 2009's biggest lender. The analysis of year-over-year production indicated that last year's volume increased approximately 40 percent from 2008. The findings were based on data obtained ... (Mon, 15 Mar 2010 11:00:00 GMT)

Talking Money: Riding the interest-rate rollercoaster
If you have a variable rate credit card, an adjustable rate mortgage or a savings account, you've likely noticed that throughout this recession, your interest rates have gone down — in some cases, by quite a bit. (Mon, 15 Mar 2010 10:14:04 GMT)

Do you need mortgage protection insurance?
If you're wondering if you would benefit from this coverage, the answer is: It depends. (Mon, 15 Mar 2010 10:00:00 GMT)

Few homeowners helped by mortgage aid
The Obama administration's mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, while hundreds of thousands of homeowners remain in limbo. (Mon, 15 Mar 2010 08:33:48 GMT)

South Africa : Hogan - Eskom Loan Crucial for Economic Development
Cape Town — If the World Bank chose not to approve the $3.75-billion loan to help build two new power stations, we can "essentially say goodbye to our country", said Minister of Public Enterprises Barbara Hogan in Pretoria today. (Mon, 15 Mar 2010 08:19:46 GMT)

Will mortgage rates rise? Fed action only part of the picture
Question: We have been hearing that mortgage rates will go up after March 31st because the Federal Reserve will stop buying mortgage bonds. Is this true? How does that work? (Mon, 15 Mar 2010 07:16:42 GMT)

Owner of Legacy Lending pleads guilty in $20 million mortgage scam
On March 2, in federal court in St. Paul, the 30-year-old part owner of Legacy Lending pleaded guilty to participating in a mortgage fraud scheme that involved 37 separate real estate transactions and $20 million in loan proceeds. (Mon, 15 Mar 2010 06:53:53 GMT)

Homebuyers rush to beat tax credit deadline
Zachary and Elva Clevenger house-shopped for two years before deciding that now was the time to buy. Prices and mortgage rates had come down. And the clock was ticking on the $8,000 tax credit for first-time buyers. (Mon, 15 Mar 2010 04:04:21 GMT)

Commercial Mortgage Debt Rallies as TALF Ending: Credit Markets
March 15 (Bloomberg) -- Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. (Mon, 15 Mar 2010 03:55:38 GMT)

City home programs offer free subsidies
CHARLESTON, W.Va. -- Folks just dont believe Zora Rogers when she offers them free money. "Its funny when I tell people that," said Rogers, home program supervisor in the citys Mayors Office of Economic and Community Development (MOECD). She run... (Mon, 15 Mar 2010 03:53:13 GMT)

Filipinos urged to join Home Development Fund
DOHA: Overseas Filipino Workers (OFWs) in Qatar are now obliged with a new law to register with the Philippine government’s Home Development Mutual Fund (HDMF) or more popularly known as Pag-IBIG fund. (Mon, 15 Mar 2010 03:20:21 GMT)

The Home-Credit Derby Has Its Price
Federal tax credits for home buyers are some of the best deals aroundbut you'll have to jump through some hoops to get one before the deadline. (Mon, 15 Mar 2010 02:09:48 GMT)

Soccer Capsules: Donovan says loan shows he can play at top level
LIVERPOOL, England — Landon Donovan says his 10-week loan from Major League Soccer to English Premier League club Everton has shown he can play at the highest level. (Sun, 14 Mar 2010 22:56:33 GMT)

Everton Confirm Landon Donovan's Premier League Loan Spell Is Definitely Over
Everton have confirmed that Landon Donovan will definitely be returning to the Los Angeles Galaxy and will not extend his loan spell on Merseyside any further. (Sun, 14 Mar 2010 16:07:48 GMT)

DONOVAN LOAN DEFINITELY OVER
Donovan - returns to the United States. Everton have confirmed forward Landon Donovan's loan spell has officially ended and the American will return to Los Angeles Galaxy. (Sun, 14 Mar 2010 13:05:27 GMT)

Sunrise woman's story shows what's wrong with loan modifications
Three times she has gotten a loan modification, three times it has been taken back I first talked to Yvonne McBride-Acosta of Sunrise in October. Her situation was bad. (Sun, 14 Mar 2010 11:40:56 GMT)

Jefferson, Orleans to roll out new low-interest loan programs
With interest rates expected to rise, the finance authorities of Jefferson and Orleans parishes have recaptured federal housing recovery money that was set to expire late last year and are dedicating it to new low-interest loan programs to help... (Sun, 14 Mar 2010 10:20:18 GMT)

Homeowners tap their home equity
John Hale's four-bedroom house near Seattle is worth about $2 million and is 90 percent paid for. It still took him nine months to find a bank that would give him a $250,000 home equity line of credit. (Sun, 14 Mar 2010 09:15:17 GMT)

Real Estate: Next wave of ARMs primed for resets in 2010-11
Pop quiz: A homeowner is paying $1,900 a month on a $400,000 adjustable-rate mortgage that's due to reset sometime this year. How much will that person pay once the mortgage resets? (Sun, 14 Mar 2010 08:49:46 GMT)

More consumers pay credit card, but not mortgage
U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit-card obligations. But an alarming trend is emerging: A small but growing number of people are skipping mortgage payments in favor of payin (Sun, 14 Mar 2010 08:09:40 GMT)

Consumer loan rates
Springfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat. (Sun, 14 Mar 2010 08:03:16 GMT)

Goverment mortgage plan aids 16 percent of borrowers
WASHINGTON — The Obama administration's mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, and hundreds of thousands of homeowners are in limbo without an answer. (Sun, 14 Mar 2010 08:02:23 GMT)

Owner of Legacy Lending pleads guilty in $20 million mortgage scam
On March 2, in federal court in St. Paul, the 30-year-old part owner of Legacy Lending pleaded guilty to participating in a mortgage fraud scheme that involved 37 separate real estate transactions and $20 million in loan proceeds. (Sun, 14 Mar 2010 07:38:52 GMT)

GMAC's mortgage arm will be tough to unload
ResCap, the mortgage lending subsidiary of GMAC, "has been a millstone around the company's neck" in the words of GMAC Chief Executive Michael Carpenter. But disposing of ResCap without crippling GMAC's automotive lending business or adding to GMAC's $17.2-billion debt to the U.S. Treasury Department won't be easy. (Sun, 14 Mar 2010 07:30:46 GMT)

Will mortgage rates rise? Fed action only part of the picture
Question: We have been hearing that mortgage rates will go up after March 31st because the Federal Reserve will stop buying mortgage bonds. Is this true? How does that work? (Sun, 14 Mar 2010 07:18:14 GMT)

Marysville couple buys, renovates a home with help from little-used loan program
MARYSVILLE — For some time, Larry Iverson had been looking for a fixer-upper. But as home prices continued to climb, even places with serious problems were priced out of Iverson’s reach. (Sun, 14 Mar 2010 07:17:24 GMT)

More consumers pay credit card, but not mortgage
CHICAGO — U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit-card obligations. But an alarming trend is emerging: A small but growing number of people are skipping mortgage payments in favor of paying their credit card bills. (Sun, 14 Mar 2010 06:28:09 GMT)

Prince William County home assessments level off
The residential housing market in some Prince William County neighborhoods is beginning to recover after being plagued by foreclosures and plunging home values. (Sun, 14 Mar 2010 05:00:00 GMT)

Almost 20% of area mortgages will see rate changes in 2010-11
Pop quiz: A homeowner is paying $1,900 a month on a $400,000 adjustable-rate mortgage that's due to reset sometime this year. How much will that person pay once the mortgage resets? (Sun, 14 Mar 2010 04:33:36 GMT)

Now best time to buy or refinance?
As the economy slowly begins to recover, changes are takingplace in the housing market that experts said indicate the besttime to buy a home or refinance an existing mortgage may benow. (Sun, 14 Mar 2010 03:29:10 GMT)

Remember Yvonne? She's waiting for a fourth loan modification
Three times she has gotten a loan modification, three times it has been taken back I first talked to Yvonne McBride-Acosta of Sunrise in October. Her situation was bad. (Sun, 14 Mar 2010 03:23:14 GMT)

‘Mortgage Financing Risks High Inflation’
Management of Diamond Bank Plc has said the rising inflationary rate in the country is having adverse impact on the operations of mortgage business. (Sun, 14 Mar 2010 02:00:16 GMT)

Bill Jamieson: Renewed worries for UK housing market as mortgage funding dries up
WITH an election just weeks away, it is remarkable that very little has yet been said by the main parties on the state of the UK mortgage and housing market. It is an eerie silence, and one I do not expect to last once the election campaign proper gets under way. (Sun, 14 Mar 2010 00:18:19 GMT)

Bill Jamieson: Renewed worries for UK housing market as mortgage funding dries up
WITH an election just weeks away, it is remarkable that very little has yet been said by the main parties on the state of the UK mortgage and housing market. It is an eerie si (Sun, 14 Mar 2010 00:12:00 GMT)

Leicester 1 Cardiff 0: On-loan Waghorn keeps Bluebirds grounded
Leicester got their Coca-Cola Championship play-off challenge back on track with victory against top-six rivals Cardiff thanks to on-loan striker Martin Waghorn. (Sat, 13 Mar 2010 21:09:50 GMT)

The Home-Credit Derby Has Its Price
Federal tax credits for home buyers are some of the best deals aroundbut you'll have to jump through some hoops to get one before the deadline. (Sat, 13 Mar 2010 15:00:57 GMT)

Borrowers wait for home loan help
WASHINGTON -- Hundreds of thousands of homeowners are in limbo waiting to find out if they will be accepted for the Obama administration's foreclosure prevention program. (Sat, 13 Mar 2010 10:04:27 GMT)

Tamaqua Area school district to save $137,000 by refinancing bond
TAMAQUA - Tamaqua Area school directors say they will save the district about $137,000 by refinancing a bond issue that originally paid for the Tamaqua Area Middle School. School directors unanimously voted to refinance about $3.1 million in outstanding (Sat, 13 Mar 2010 09:21:58 GMT)

Mortgage relief not a given A loan-alteration push falls far short of the numbers needing help.
The Obama administration's foreclosure prevention program shed some of the almost 1.1 million borrowers who arranged trial loan modifications through February, the Treasury Department reported. (Sat, 13 Mar 2010 08:06:22 GMT)

Colo. Senate backs shift in oversight of mortgage lenders
The Colorado Senate approved an amendment to a mortgage regulation bill Friday that would strip Division of Real Estate Director Erin Toll of her authority to regulate mortgage lenders and replace it with a board to be appointed by the governor. (Sat, 13 Mar 2010 08:04:11 GMT)

Jumbo Mortgage Market Beginning to Thaw
RISMEDIA, March 13, 2010—(MCT)—Phil Kelly had 18 more months to go before the fixed rate on his $2.5 million mortgage became adjustable. But when Kelly, a former computer executive living in Rancho Santa Fe, California learned he could knock his interest… (Sat, 13 Mar 2010 05:19:03 GMT)

Borrowers in foreclosure prevention plan losing mortgage aid
About 90,000 distressed borrowers have lost their mortgage aid under the government's foreclosure prevention plan, and many more are at risk of losing the help, according to Treasury Department data released Friday. (Sat, 13 Mar 2010 05:00:00 GMT)

Nabbing a Bargain-Basement Mortgage Before Rates Rise
Is it time to rush out and buy a house before mortgage rates go up? Rates are expected to rise at least modestly during the rest of this yearbut the rise could be much steeper. (Sat, 13 Mar 2010 03:34:51 GMT)

Bond refinancing saves Tamaqua Area $137K
Tamaqua Area school directors will save the district about $137,000 by refinancing a bond issue that originally paid for the Tamaqua Area Middle School.School directors unanimously voted to refinance about $3.1 million in outstanding general obligation (Sat, 13 Mar 2010 03:34:47 GMT)

Permanent mortgage loan modifications rise 50% in Chicago area
The number of Chicago-area homeowners who have received permanent mortgage loan modifications under the federal Home Affordable Modification Program increased by 50 percent in February, but the pace at which temporary modifications are being granted appears to be slowing. (Sat, 13 Mar 2010 03:22:38 GMT)

Lender blames escrow shortage for $400 increase in monthly mortgage payment
Q: We have owned our house for many years, and the lender has always escrowed money to pay our real estate taxes and insurance. This year, we received a notice from the lender that our monthly mortgage payment will increase by over $400 because there is an escrow shortage. Can we cancel the escrow... (Sat, 13 Mar 2010 03:09:50 GMT)

Report: Home-loan burden lightens
WASHINGTON — The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb. (Sat, 13 Mar 2010 03:01:40 GMT)

Mortgage rates on 30-year U.S. loans fall to 4.93 percent
U.S. mortgage rates fell to a two- month low, spurred by a Federal Reserve program to support home sales by lower borrowing costs. (Sat, 13 Mar 2010 02:53:15 GMT)

Average 30-year mortgage rate drops to 4.95%, Freddie Mac says
The average interest rate on a 30-year fixed-rate mortgage dropped to 4.95% this week from 4.97% last week, Freddie Mac said Thursday. (Sat, 13 Mar 2010 00:11:00 GMT)

Lloyds aids mortgage overpayments
UK mortgage lender Lloyds Banking Group is encouraging borrowers to pay off up to 20% of their mortgages early. (Sat, 13 Mar 2010 00:04:16 GMT)

2nd UPDATE: Pelosi: To Pair Health-Care, Student-Loan Bills
2nd UPDATE: Pelosi: To Pair Health-Care, Student-Loan Bills (Fri, 12 Mar 2010 21:09:15 GMT)

Some tax issues to consider on mortgage write-downs
With the Obama administration and private lenders actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive -- or seek to receive -- such assistance. The IRS gets involved in... (Fri, 12 Mar 2010 21:03:03 GMT)

Government mortgage plan aids 16% of borrowers
The Obama administration's mortgage relief plan has helped only about 16% of borrowers who signed up since its launch last year, while hundreds of thousands of homeowners remain in limbo. (Fri, 12 Mar 2010 20:56:26 GMT)

Gov't mortgage plan aids 16 percent of borrowers
The Obama administration's mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, while hundreds of thousands of homeowners remain in limbo. (Fri, 12 Mar 2010 20:16:53 GMT)

Real Estate Weekly: Risk of mortgage defaults still high, but dropping
Americans’ risk of defaulting on their mortgages is still high, but is at its lowest point since 2005. (Fri, 12 Mar 2010 20:15:41 GMT)

Mortgage interest rates down for second week as home loan applications rise
Mortgage interest rates declined for a second consecutive week as the number of home loan applications rose. (Fri, 12 Mar 2010 19:57:31 GMT)

Treasury says 1 million homeowners in loan modifications
An Obama administration program to help struggling homeowners modify their mortgages has more than one million active borrowers, though fewer than 10 percent have obtained permanent loan modifications, according to a Treasury Department report released on Friday. (Fri, 12 Mar 2010 19:38:16 GMT)

Mortgage relief aid reaches few homeowners
The Obama administration's mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, and hundreds of thousands of homeowners are in limbo without an answer. (Fri, 12 Mar 2010 19:36:15 GMT)

Wells Fargo, Baltimore in talks after mortgage suit
Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices. (Fri, 12 Mar 2010 19:31:44 GMT)

Gov't Mortgage Plan Aids 16 Percent of Borrowers
Obama mortgage plan provides assistance to nearly 16 percent of borrowers who signed up Mortgage - United States - Business - Financial Services - Loan (Fri, 12 Mar 2010 19:31:21 GMT)

Gov't mortgage plan aids 16 percent of borrowers
The Obama administration's mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, while hundreds of thousands of homeowners remain in limbo. The Treasury Department says that as of last month, about... Mortgage - United States Department of the Treasury - Presidency of Barack Obama - Business - United States (Fri, 12 Mar 2010 19:30:30 GMT)

McCue Mortgage still in the family after 60 years
New Britain-based McCue Mortgage Co., the largest independently-owned mortgage lender in the state, celebrates 60 years in business this year. (Fri, 12 Mar 2010 18:36:25 GMT)

Bank Of America Sharply Boosts Mortgage Changes In Past Month
Bank Of America Sharply Boosts Mortgage Changes In Past Month (Fri, 12 Mar 2010 16:54:26 GMT)

BofA mortgage modifications jump in March
Bank of America Corp completed 20,666 mortgage modifications in March under a U.S. government-backed program, up 61 percent from February, the bank said on Friday. (Fri, 12 Mar 2010 16:52:02 GMT)

Bulgaria February Mortgage Credit Shoots Up 9%
Bulgaria's mortgage credit market rose by 9% in February, when compared to January, as the result of new credit products and positive media presentation of offers. (Fri, 12 Mar 2010 12:20:16 GMT)

Mortgage age
An Aviva survey has found that 12.5 per cent of homeowners between 65 and 74 still have a mortgage. This is not surprising as there will be a substantial minority of homeowners aged over 65 who can still afford a mortgage or have chosen to take out a lifetime mortgage with interest rolled up. (Fri, 12 Mar 2010 11:59:32 GMT)

Mortgage lending plunges by almost 50% after end of stamp duty holiday
Only 32,000 loans, worth £4.7 billion, were advanced during the month, around half the level seen during December, the Council of Mortgage Lenders said. (Fri, 12 Mar 2010 11:33:57 GMT)

UK home loans fall by half in January
The value of home mortgage advances in January fell by half from December, when there was a late rush to complete deals before a tax break ended at the New Year, the Council of Mortgage Lenders said Friday. The value of home mortgages in January was 4.7... Mortgage - Loan - Business - Financial services - Council of Mortgage Lenders (Fri, 12 Mar 2010 11:00:13 GMT)

Refinance may limit financial flexibility
Reduced financial flexibility may be the price for a home refinance that lowers your mortgage rate. (Fri, 12 Mar 2010 11:00:00 GMT)

Mortgage lending halves as tax break ends
Mortgage lending to people buying a home dived by 49 per cent during January following the end of the Government's stamp duty holiday, figures showed today. (Fri, 12 Mar 2010 10:17:30 GMT)

Mortgage lending slumps by half
Mortgage lending to people buying a home dived by 49% during January following the end of the Government's stamp duty holiday, figures have shown. Only 32,000 loans, worth £4.7 billion, were advanced during the month, around half the level seen during December, the Council of Mortgage Lenders said. (Fri, 12 Mar 2010 10:11:56 GMT)

Count, Mortgage Choice break off talks
Secret talks between Count Financial and Mortgage Choice about combining their respective mortgage businesses have been called off. (Fri, 12 Mar 2010 04:06:05 GMT)

Man accused of masterminding mortgage fraud is denied bail reduction.
James B. Duncan, accused of masterminding a $142 million mortgage and securities fraud based in Murrieta, Thursday was denied a reduction of his $5 million bail by a judge who said Duncan poses a threat to public safety. (Fri, 12 Mar 2010 03:28:40 GMT)

Average 30-year mortgage rate drops to 4.95%, Freddie Mac says
The average interest rate on a 30-year fixed-rate mortgage dropped to 4.95% this week from 4.97% last week, Freddie Mac said Thursday. (Fri, 12 Mar 2010 01:01:44 GMT)

McCue Mortgage still in the family after 60 years
New Britain-based McCue Mortgage Co., the largest independently-owned mortgage lender in the state, celebrates 60 years in business this year. (Thu, 11 Mar 2010 22:38:42 GMT)

New mortgage form delivers mixed message
Designed by the U.S. Department of Housing and Urban Development to help borrowers better understand the terms of their mortgage loans, the new three-page form has been a required part of the mortgage application process since Jan. 1. (Thu, 11 Mar 2010 21:02:34 GMT)

Mortgage pain on the increase
The number of households facing mortgage stress has risen to a 16-month high with increases in interest costs outweighing improvements on the jobs front. (Thu, 11 Mar 2010 20:35:39 GMT)

Lloyds Banking to Allow Extra Mortgage Repayments Until 2011
Lloyds Banking Group Plc, Britain’s biggest home-loan lender, will allow customers to increase mortgage repayments without penalty, as the bank seeks to cut its 1.03 trillion-pound ($1.55 trillion) balance sheet. (Thu, 11 Mar 2010 18:52:44 GMT)

Federal Home Loan Bank of Atlanta's Affordable Housing Effort Is Creating Thousands of Jobs and Supporting Municipal ...
The Federal Home Loan Bank of Atlanta's affordable housing funds are a significant driver of job growth, housing production, and expanded tax bases, according to a research study recently completed by The Hendrickson Company and The Shimberg Center for Housing Studies at the University of Florida. (Thu, 11 Mar 2010 17:03:00 GMT)

Mortgage Rates Remain Below 5 Percent
Rates on 30-year fixed mortgages fall to 4.95 percent, weeks before Fed exit Mortgage - United States - Business - Financial Services - Connecticut (Thu, 11 Mar 2010 16:46:41 GMT)

BofA ‘Comfortable’ Bank Can Absorb Home-Equity Losses (Update1)
March 11 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Brian Moynihan said the lender, the biggest in the U.S., can absorb losses on its $149 billion home-equity loan portfolio even after the four-year slump in housing prices . (Thu, 11 Mar 2010 16:38:54 GMT)

Mortgage rates remain below 5%, fall to 4.95%
Mortgage rates held below the 5% threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire. (Thu, 11 Mar 2010 16:33:20 GMT)

Long-term mortgage rates down slightly
WASHINGTON, March 11 (UPI) -- Average interest rates for 30-year, fixed-rate mortgages held under 5 percent in the week ending March 11, the U.S. Federal Home Loan Mortgage Corp. said. (Thu, 11 Mar 2010 16:20:24 GMT)

Mortgage rates remain below 5 percent
Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire. The average rate on a 30-year fixed rate mortgage was 4.95... Mortgage - Fixed rate mortgage - Financial Services - Business - United States (Thu, 11 Mar 2010 16:15:33 GMT)

Mortgages: 30-year fixed-rate mortgage averages 4.95%
30-year fixed-rate mortgage averages 4.95%, Freddie Mac reports. (Thu, 11 Mar 2010 16:01:31 GMT)

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