Mortgage News

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6 ways to come up with a down payment on a home
The current economic crisis has made getting a home loan a lot more difficult. Credit has tightened, and banks are requiring that potential homebuyers put more skin in the game. One of the ways that banks are doing this is by requiring larger down payments from home buyers. (Thu, 02 Sep 2010 09:43:30 -0700)

Mortgage rates still heading south
Mortgage interest rates have fallen for the 10th time in the last 11 weeks, according to Freddie Mac's report on what lenders are offering to borrowers with solid credit and 20% down payments or home equity. Freddie Mac's weekly survey... (Thu, 02 Sep 2010 09:04:00 -0700)

Refinancing applications at 15-month high
Applications for mortgage refinancing hit a 15-month high last week as interest rates remained near historic lows, a mortgage bankers' group said Wednesday. (Thu, 02 Sep 2010 09:01:03 -0700)

Mortgage deduction: America's costliest tax break
The mortgage-interest deduction is America's favorite tax break -- and it's also the costliest. (Thu, 02 Sep 2010 08:52:34 -0700)

Mortgage rates continue to drop
National mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy. Rates in Greater Cincinnati, meanwhile, set a new 25-year low for the third time in the last eight weeks. (Thu, 02 Sep 2010 08:51:10 -0700)

The wasted 4.44% mortgage rate
It appears even the bright spots of this tired economy are still working against heavily indebted homeowners. Mortgage rates have hit new lows nearly every week, but many borrowers are still unable to take advantage of them. (Thu, 02 Sep 2010 08:40:12 -0700)

Mortgage rates hit record low: Freddie Mac
U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company. (Thu, 02 Sep 2010 08:25:44 -0700)

Mortgage rates hit decades-low: 4.32 percent for 30-year fixed loans
WASHINGTON -- Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy. The average rate for a 30-year fixed loan was 4. (Thu, 02 Sep 2010 08:22:30 -0700)

Mortgage Rates Hit Another All-Time Low
Mortgage rates hit another all-time record low this week. (Thu, 02 Sep 2010 08:13:03 -0700)

Mortgage rates hit decades-low of 4.32 percent
WASHINGTON — Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy. The average rate for a 30-year fixed loan was 4.32 percent this week, down from 4.36 percent last week, mortgage buyer Freddie Mac said today. (Thu, 02 Sep 2010 07:56:19 -0700)

Mortgage rates hit decades-low of 4.32 percent
WASHINGTON -- Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy. Mortgage buyer Freddie Mac says the average rate for a 30-year fixed loan was 4.32 percent this week, down from 4.36 percent last week. That's the ... (Thu, 02 Sep 2010 07:55:30 -0700)

Mortgage rates hit decades-low of 4.32 percent
Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy. (Thu, 02 Sep 2010 07:27:42 -0700)

Mortgage Network expands into Dewey office
Mortgage Network Inc., the largest independent mortgage company in the Northeast, has announced a major expansion effort across the Mid-Atlantic region with offices opening in Wilmington, Dewey Beach and Elkton, Md. This expansion effort is managed by Regional Vice President Bob Johnson out of Lancaster, Pa. headquarters. (Thu, 02 Sep 2010 06:20:32 -0700)

Mortgage applications rise 2.7 percent amid low rates
Mortgage applications rose 2.7percent last week as more borrowerstook advantage of the lowest rates indecades to reduce their monthly loanpayments, the Mortgage Bankers Associationsaid Wednesday. (Thu, 02 Sep 2010 03:08:14 -0700)

The 15-Year Home Loan Rises in Popularity
The interest rate for 15-year loans is astonishingly low -- about 3.86 percent on average, according to a survey of rates taken last week. A 15-year loan usually contains a lower rate than a 20- or 30-year loan. (Wed, 01 Sep 2010 21:32:07 -0700)

Mortgage Applications Rise 2.7 Percent on Low Rates
NEW YORK (AP) – Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their... (Wed, 01 Sep 2010 13:55:34 -0700)

Home loan firm to close Raleigh office and lay off 242
A Florida company that acquired a loan serving company with an office in Raleigh plans to close the facility and eliminate 242 jobs. (Wed, 01 Sep 2010 12:45:32 -0700)

Summary Box: Mortgage applications edge up
HOME LOAN VOLUME UP: Mortgage applications rose 2.7 percent last week from the week before, the Mortgage Bankers Association said. (Wed, 01 Sep 2010 10:11:45 -0700)

Mortgage applications rise 2.7 pct on low rates
Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments. The Mortgage Bankers Association said Wednesday the increase was led by a 2.8 percent rise in refinance... Mortgage Bankers Association - Mortgage - Refinancing - Loan - Business (Wed, 01 Sep 2010 09:21:09 -0700)

Mortgage applications rise 2.7% on low rates
Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments. Mortgage - Loan - Business - Financial services - United States (Wed, 01 Sep 2010 09:13:03 -0700)

Mortgage activity rises slightly in week
WASHINGTON, Sept. 1 (UPI) -- The Mortgage Bankers Association said Wednesday U.S. mortgage activity increased in the week ending Aug. 27, with refinancing activity at a 15-month high. Mortgage - Mortgage Bankers Association - Refinancing - United States - Financial Services (Wed, 01 Sep 2010 08:46:36 -0700)

Mortgage Applications Rise 2.7 Pct on Low Rate
More borrowers apply to refinance on lowest rates in decades, loan applications up 2.7 percent Mortgage - Refinancing - Business - Financial Services - United States (Wed, 01 Sep 2010 08:45:10 -0700)

Mortgage applications rise 2.7 pct on low rates
Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments. (Wed, 01 Sep 2010 08:41:27 -0700)

Home Loan Demand Rises As Rates Hit New Low
The nation's mortgage applications for home purchasing and refinancing increased last week as interest rates hit a new low, a glimmer of hope for a housing market that has failed to find footing in the absence of government support. (Wed, 01 Sep 2010 08:38:31 -0700)

Mortgage Applications in U.S. Rise for Fifth Straight Week on Refinancing
The number of mortgage applications in the U.S. increased for a fifth consecutive week as record-low borrowing costs lifted refinancing. (Wed, 01 Sep 2010 05:23:15 -0700)

US home loan demand rises as rates hit new low
US home loan demand rises as rates hit new lowUS home loan demand rises as rates hit new low (Wed, 01 Sep 2010 04:59:37 -0700)

US Mortgage Application Volume Climbed Modestly Last Week
The Mortgage Bankers Association reported the volume of mortgage applications filed in the U.S. last week grew a seasonally adjusted 2.7% from the previous week. (Wed, 01 Sep 2010 04:56:27 -0700)

Home mortgage refinance rates are low
Home mortgage refinance rates are low right now. How can you capture the best rate? (Wed, 01 Sep 2010 03:00:00 -0700)

Up to 1,000 North Highlands home loan modification workers fear rumored layoffs
SACRAMENTO - Hundreds of workers at a North Highlands home loan modification company are afraid Wednesday might be their last day on the job after rumors their jobs were being sent overseas. (Tue, 31 Aug 2010 17:18:01 -0700)

Federal Home Loan Bank of San Francisco Releases July 2010 Cost of Funds Index
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco announced August 31, 2010, that the 11th District Monthly Weighted Average Cost of Funds Index for July 2010 is 1.753%. The index for June 2010 was 1.797%. (Tue, 31 Aug 2010 15:05:00 -0700)

Home values rose in second quarter
The Federal Home Loan Mortgage Corp. said Monday home values rose in all nine U.S. Census divisions in the second quarter compared with the first. (Tue, 31 Aug 2010 07:56:21 -0700)

Mortgage experts: Now is time to buy, refinance
Mortgage rates are at the lowest level in decades and those waiting to buy a home or refinance should wait no more. (Mon, 30 Aug 2010 05:39:48 -0700)

Mortgage Banker Gateway Funding Reduces Backup and Recovery Times for Virtualized IT Environment By More Than 50% with ...
SAN FRANCISCO--(BUSINESS WIRE)--i365, a Seagate Company (NASDAQ:STX), today announced that Gateway Funding Diversified Mortgage Services, L.P. has implemented the award-winning EVault Plug-n-Protect backup and recovery appliance. (Mon, 30 Aug 2010 05:06:48 -0700)

Refinancing? Rates on auto loans are falling, too
NEW YORK - It's easy to overlook the cost of auto loans with mortgage rates grabbing all the attention. Yet rates on auto loans have edged lower as the cost of lending has gone down for banks. And car buyers who didn't get the best terms in the past year or so can capitalize by refinancing their loans. Here's a rundown on auto refinancing.   How Does It Work? (Mon, 30 Aug 2010 04:14:24 -0700)

Getting low mortgage rates today
Mortgage rates today continue to hover near historic lows. What do borrowers need to do to get a great rate? (Mon, 30 Aug 2010 03:00:00 -0700)

Put brakes on mortgage accelerator offers
Mortgage accelerator plans promise free you from loan payments. But are they worth the effort? (Mon, 30 Aug 2010 03:00:00 -0700)

Brookdale completes two mortgage debt refinancing transactions
Brookdale Senior Living Inc. announced today that the Company has completed two mortgage debt refinancing transactions in the aggregate principal amount of $219.0 million. (Mon, 30 Aug 2010 02:34:03 -0700)

Refinancing can drive down auto payments
It's easy to overlook the cost of auto loans with mortgage rates grabbing all the attention.Rates on auto loans have edged lower, and car buyers who didn't get the best terms in the past year or so can save by refinancing their loans.Let's say you're paying 10 percent on a $20,000 loan. The average rate to refinance a three-year old car right now is about 8 percent, according to Bankrate.com. On ... (Mon, 30 Aug 2010 02:01:10 -0700)

Maybank home-loan packages start from 0.8% p.a.
MAYBANK Singapore has launched home-loan packages offering fixed, variable and Sibor-pegged rates, with some of them having first year rates that go below 1 per cent per annum. (Mon, 30 Aug 2010 02:00:30 -0700)

Reader mailbag: Should you loan money to parents?
A reader asks if it's unethical to charge interest on a loan to parents. (Mon, 30 Aug 2010 01:53:25 -0700)

Skipping out on mortgage can be risky
Some homeowners underwater on their home loan -- meaning they owe more on the mortgage than the home's current value -- are turning to "strategic defaults" in which they simply walk away from mortgage debt. (Mon, 30 Aug 2010 00:50:48 -0700)

Owner Who Lost Firms in Mortgage Meltdown Returns
The owner of a mortgage firm that was sold to Countrywide has returned to the lending business with many of his old team members and is launching two RPM Mortgage branch offices in Calabasas. (Mon, 30 Aug 2010 00:10:10 -0700)

Two New Federal Programs for Struggling Home Owners
The F.H.A. will begin a refinancing effort to help borrowers who are struggling and will start an emergency homeowners’ loan program for unemployed borrowers. (Sun, 29 Aug 2010 21:35:15 -0700)

Obama Administration Plans Mortgage Aid, HUD’s Donovan Says
The Obama administration plans to set up an emergency loan program for the unemployed and a government mortgage refinancing effort in the next few weeks to help homeowners after home sales dropped in July, Housing and Urban Development Secretary Shaun Donovan said. (Sun, 29 Aug 2010 21:18:35 -0700)

Amy Hoak's Home Economics: A 15-year mortgage isn't for everyone
A growing number of homeowners are choosing to pay down their mortgages at a faster rate -- even if it means a substantial jump in their monthly payments. (Sun, 29 Aug 2010 21:11:09 -0700)

Federal mortgage aid on the way, official says
Federal mortgage aid on the way, official says (Sun, 29 Aug 2010 21:00:35 -0700)

China's AgBank says real estate loan risk manageable
China's AgBank says real estate loan risk manageable (Sun, 29 Aug 2010 20:54:23 -0700)

Home sales down, Tech parents renting more
By: Brittany Hoover This year Lubbock home sales sunk to one of the lowest rates in history, caused in part by a drop in purchases by Texas Tech parents. ... (Sun, 29 Aug 2010 18:14:43 -0700)

Home loans not cast in stone
While there are deals on offer, it pays to do the sums before you refinance, writes Bina Brown. (Sun, 29 Aug 2010 18:08:46 -0700)

Yellow Brick Road targets bank business
Yellow Brick Road continues to target the business of the ‘big four’ banks with the launch of a home loan option that doesn’t require borrowers to demonstrate a savings history. (Sun, 29 Aug 2010 17:40:13 -0700)

Lower rate helps family offset property-tax hike
Bracing for a property-tax increase expected to boost their monthly payments by $300, Ellen and Robert Bachner figured refinancing their loan to take advantage of historically low interest rates would save them some cash. And it worked. On Thursday, the Bachners closed on a 20-year mortgage with a lower -- 4.375 percent -- interest rate that kept their monthly payment on their Lombard split ... (Sun, 29 Aug 2010 10:31:16 -0700)

Obama Administration Plans Mortgage Aid, Donovan Says
The Obama administration plans to set up an emergency loan program for the unemployed and a government refinancing effort in the next few weeks to help homeowners pay their mortgages after home sales dropped in July, Housing and Urban Development Secretary Shaun Donovan said. (Sun, 29 Aug 2010 10:03:35 -0700)

Mountains of new paperwork
Poor home sales taking a beating as blame is placed on new regulations Should environmentalists really be concerned about banks’ carbon footprints? “Trees are dying,” said a loan originator at a small Jackson bank while pointing to a stack of home loan applications, each three inches thick. (Sun, 29 Aug 2010 08:31:24 -0700)

South Korea to Ease Lending Rules, Extend Home Buyer Tax Breaks
South Korea will ease mortgage lending rules and extend tax breaks to encourage buyers back to the property market after home sales slumped to the lowest level in almost a year and a half. (Sun, 29 Aug 2010 08:18:35 -0700)

Birmingham loan signing Derbyshire determined to prove Premiership class
Birmingham City Birmingham City loan signing Matt Derbyshire is keen to prove himself Premiership class. Derbyshire became known as “The English Killer” by the fans of Olympiakos after scoring twice to set up a Greek Cup final win over deadly rivals AEK Athens. And he said: “They are so passionate about their football over there. It was a fantastic experience to play in that environment ... (Sun, 29 Aug 2010 05:13:24 -0700)

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, 29 Aug 2010 04:57:33 -0700)

Is It Time to Refinance Your Mortgage?
Dos and don'ts for homeowners who are eyeing those rock-bottom rates. (Sun, 29 Aug 2010 04:18:56 -0700)

Birmingham loan signing Derbyshire determined to prove Premiership class
Birmingham City Birmingham City loan signing Matt Derbyshire is keen to prove himself Premiership class. Derbyshire became known as “The English Killer” by the fans of Olympiakos after scoring twice to set up a Greek Cup final win over deadly rivals AEK Athens. And he said: “They are so passionate about their football over there. It was a fantastic experience to play in that environment ... (Sun, 29 Aug 2010 03:58:24 -0700)

Fayette County Community Action has help for home-buyers
Prospective home-buyers are encouraged to register for a pre-purchase housing seminar, which will take place from 5:30 to 9:30 p.m. Sept. 8. (Sun, 29 Aug 2010 03:01:35 -0700)

Refinancing? Rates on auto loans are also falling
It’s easy to overlook the cost of auto loans with mortgage rates grabbing all the attention. (Sun, 29 Aug 2010 01:47:18 -0700)

A car loan can help you boost your credit score
Also: Blocking access to credit reports, and the right place to get a free report. Dear Liz: I am a 27-year-old contractor now working in Iraq. I've paid off all the outstanding credit card debt on my credit report as well as my graduate-school loans, and my undergraduate loans are current. It is taking some time for my credit scores to improve. I wanted to invest in some rental properties, but ... (Sun, 29 Aug 2010 00:26:14 -0700)

Mortgage rate falls to 4.36%
Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. (Sun, 29 Aug 2010 00:17:48 -0700)

Loan Issue Freezes Construction on Pelican Hill Estate
Construction has stopped on Villa Del Lago, OC’s most expensive home, but developers say it’s still marketable (Sun, 29 Aug 2010 00:16:59 -0700)

Refinancing your ride
It's easy to overlook the cost of auto loans with home mortgage rates grabbing all the attention. Yet rates on auto loans have edged lower as the cost of lending has gone down for banks. And car buyers who didn't get the best terms in the past year or so can capitalize by refinancing their loans. (Sun, 29 Aug 2010 00:10:34 -0700)

Mortgage rates hit low of 4.36%
NEW YORK - Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4.36 percent last week, down from 4.42 percent. (Sat, 28 Aug 2010 23:06:58 -0700)

Memphis-area companies adjust to tough market, see new-home sales rise
Some home builders are ditching the "ego pitch," those tall roofs with little usable space underneath. (Sat, 28 Aug 2010 22:05:00 -0700)

Mixed reviews for new FHA refinance program for underwater owners
The government will launch a refinance program next month that targets homeowners who are under water on their mortgage but have not missed a monthly payment. (Sat, 28 Aug 2010 21:15:38 -0700)

Lower mortgage rates not spurring refi boom
With mortgage rates at record lows, there has never been a better time to refinance your mortgage. (Sat, 28 Aug 2010 21:02:58 -0700)

Refinancing? Rates on auto loans are falling, too.
NEW YORK -- It's easy to overlook the cost of auto loans with mortgage rates grabbing all the attention. Refinancing - United States - Financial Services - Business - Loan (Sat, 28 Aug 2010 21:00:00 -0700)

South Korea to Ease Lending Rules, Extend Home Buyer Tax Breaks
South Korea will ease mortgage lending rules and extend tax breaks to encourage buyers back to the property market after home sales slumped to the lowest level in almost a year and a half. (Sat, 28 Aug 2010 20:38:36 -0700)

Self-employed borrowers face tough times
As any self-employed borrower applying for a mortgage will testify, getting a home loan has become much harder. (Sat, 28 Aug 2010 16:09:39 -0700)

Chelsea stays perfect in England
Premier League leader Chelsea extended its season-opening winning streak with a 2-0 home win over Stoke on goals by Florent Malouda and Didier Drogba on Saturday, while Arsenal and Manchester United also posted victories to remain close behind. Malouda opened the scoring for the defending champions in the 31st minute, before Drogba joined the winger on four goals for the season by sealing... (Sat, 28 Aug 2010 12:08:31 -0700)

Newcastle sign Ben Arfa on season's loan
Newcastle signed France winger Hatem Ben Arfa from Marseille on a season-long loan on Saturday. (Sat, 28 Aug 2010 06:23:18 -0700)

Newcastle announce loan of Hatem Ben Arfa
Newcastle have announced the signing of Hatem Ben Arfa on an initial season-long loan deal from Marseille. (Sat, 28 Aug 2010 06:21:39 -0700)

First-time home buyers' classes offered
Working In Neighborhoods is offering free classes to first-time home buyers interested in learning more about mortgages, the loan application process, working with a Realtor and home inspections. (Sat, 28 Aug 2010 02:43:05 -0700)

Mortgage rates
Mortgage rates hit 4.36 percent (Sat, 28 Aug 2010 00:21:13 -0700)

Family Loses Home With One Day's Notice
A Lewisburg couple lost their home to foreclosure after paying a company they claim did nothing. (Fri, 27 Aug 2010 23:37:43 -0700)

Mortgage loans available for veterans
Mortgage loans guaranteed by the Department of Veterans Affairs continue to have the lowest rate for serious delinquency and foreclosures in the industry, according to a media release. (Fri, 27 Aug 2010 20:54:39 -0700)

Fannie Mae says lenders must verify mortgage applicants' debt loads before closing
Despite earlier reports to the contrary, it turns out that your mortgage lender will not have to pull a second full credit report on you hours before closing on your home purchase or refinancing. (Fri, 27 Aug 2010 20:03:52 -0700)

Brookdale Announces Completion of Two Refinancing Transactions
NASHVILLE, Tenn., Aug. 27 /PRNewswire-FirstCall/ -- Brookdale Senior Living Inc. (NYSE: BKD) announced today that the Company has completed two mortgage debt refinancing transactions in the aggregate principal amount of $219.0 million. The Company obtained a $181.0 million first mortgage loan from Prudential Mortgage Capital Company. The loan has a seven year term and bears interest at a fixed ... (Fri, 27 Aug 2010 19:13:53 -0700)

State Rejects Loan; Firefighters Laid Off
The state turns down a request for an emergency loan by a Morgan County township under fire for excessive spending. (Fri, 27 Aug 2010 18:01:48 -0700)

Power shock stuns home loan applicant
Sarah Healey and her partner, Eddie, were about to sign for a loan on their Grey Lynn home when they got a surprise from the past.It was 2006 and before they could secure a mortgage, for their three-bedroom home, Ms Healey's bank... (Fri, 27 Aug 2010 17:16:03 -0700)

Santander Buys HSBC Auto-Loan Portfolio
Santander Buys HSBC Auto-Loan Portfolio (Fri, 27 Aug 2010 15:56:53 -0700)

'Housewife' defaults on home loan, but stays in house
Jim and Alexis Bellino, last season's newest cast members of "The Real Housewives of Orange County," recently defaulted on a $4.6 million loan for their stately home on Circle Drive in Newport Beach. According to documents obtained exclusively by The... (Fri, 27 Aug 2010 15:06:46 -0700)

Mortgage rates continue to fall amid unemployment and economic woes
Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks as concerns grow that the economy is weakening. Unemployment - United States - Business - Financial Services - Mortgages (Fri, 27 Aug 2010 15:05:11 -0700)

Real Estate Weekly: First-time home buyers retreat from housing market
First-time home buyers are retreating from the housing market, accounting for only 39% of home purchases in July, down from 48% in March, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, released this week. (Fri, 27 Aug 2010 14:25:59 -0700)

Lenders won't have to run a second full credit check before closing on mortgage
Despite earlier reports to the contrary, it turns out that your mortgage lender will not have to pull a second full credit report on you hours before closing on your home purchase or refinancing. Credit score - Business - Financial Services - Mortgage - United States (Fri, 27 Aug 2010 13:06:33 -0700)

In Defense of Home Ownership
Many home purchases could still end in grief financially, particularly in hard-hit areas where prices could fall further. But most probably won’t. (Fri, 27 Aug 2010 13:05:15 -0700)

Power shock stuns home loan applicant
Sarah Healey and her partner, Eddie, were about to sign for a loan on their Grey Lynn home when they got a surprise from the past.It was 2006 and before they could secure a mortgage, for their three-bedroom home, Ms Healey's bank... (Fri, 27 Aug 2010 12:27:10 -0700)

Free Foreclosure Prevention and First-time Homebuyer Workshop in Columbus Sponsored by Federal Home Loan Bank of San ...
Special guest Congresswoman Mary Jo Kilroy (Fri, 27 Aug 2010 08:33:00 -0700)

Mortgage Refinancing Activity Rises as Rates Drop
Mortgage refinancing activity is once again on the rise, as official word from The Mortgage Bankers Association confirmed Wednesday that U.S. mortgage activity increased in the week ending Aug. 20, as interest rates continued to decline. The MBA's Market Composite Index rose 4.9 percent in the week, while the Refinancing Index rose 5.7 percent, the trade group said. During the week, the average ... (Fri, 27 Aug 2010 08:00:24 -0700)

Mortgage Force launches partnership with Aldermore
Mortgage Force has launched a new partnership with specialist lender Aldermore Mortgages. (Fri, 27 Aug 2010 07:16:56 -0700)

Leveraged-Loan Investors Demand Higher Yields as U.S. Recovery May Falter
Investors are demanding the highest yields in more than a month to buy leveraged loans amid concern that a recovery in the world’s largest economy may falter. (Fri, 27 Aug 2010 07:04:21 -0700)

Mortgage rates reach record low in 9 of 10 weeks
NEW YORK -- Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4.36% this week, down from 4.42% last week. That's the lowest since Freddie Mac began tracking rates in 1971. (Fri, 27 Aug 2010 04:39:48 -0700)

Refinancing? Rates on auto loans are falling too
Overlooking the cost of auto loans with mortgage rates grabbing all the attention is easy. Yet rates on auto loans have edged lower as the cost of lending has gone down for banks. And car buyers who didn't get the best terms in the past year or so can capitalize by refinancing their loans. (Fri, 27 Aug 2010 04:03:57 -0700)

Lazio Home In For Manchester City Striker Roque Santa Cruz After Giving Up On Juventus' David Trezeguet - Report
Il Corriere dello Sport reports that Lazio have reached an agreement with City. It's based on a loan with the option to buy the player at €8 million when the deal expires. (Fri, 27 Aug 2010 03:39:24 -0700)

Quicken Loans Says "Thanks A Million" and Will Pay Off One Client's Mortgage to Celebrate Company's Millionth Loan
Quicken Loans Inc., the nation’s largest online retail mortgage lender and the country’s third largest originator of FHA loans, announced it will soon close its one millionth home loan. (Fri, 27 Aug 2010 03:00:00 -0700)

Mortgage rates
Mortgage rates hit 4.36 percent (Fri, 27 Aug 2010 01:50:36 -0700)

Applying For An FHA 203(k) Loan
The FHA 203(k) loan is a unique product that allows would-be homeowners who don't have a lot of cash to buy a property in need of repairs. (Fri, 27 Aug 2010 01:08:52 -0700)

Mortgage rates hit lowest point since at least '71
Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. (Fri, 27 Aug 2010 00:13:23 -0700)

YourHouseIntoCash.com Launches Mortgage Loan Refinancing Section
People looking to avoid foreclosure by refinancing or to save money with a refinanced mortgage loan now have a new resource from YourHouseIntoCash.com, a leading group of real estate investors. YourHouseIntoCash.com has added a “Mortgage Refinancing” section to its Web site to help homeowners in the current turbulent economy. (Fri, 27 Aug 2010 00:01:00 -0700)

More Ohio homeowners paying late or in foreclosure
BLADE STAFF AND NEWS SERVICES A greater share of Ohio borrowers were late in making home loan payments or were in foreclosure in the spring compared to last winter, a new study shows. The same study also found nearly 1 of every six mortgages in Michigan was delinquent or in foreclosure in the second quarter, though that was down slightly from the first quarter. The Mortgage Bankers Association ... (Thu, 26 Aug 2010 22:09:26 -0700)

Mortgage rates at bottom?
Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, but Wichita mortgage brokers say they think the rates are unlikely to get much lower. (Thu, 26 Aug 2010 22:02:32 -0700)

Realty Q&A: The dark side of loan-modification assistance
An employee at a home-loan modification "law firm" offers a word of warning about the services offered by the company for which he works. (Thu, 26 Aug 2010 21:11:31 -0700)

Australian banks forced to sit on rates
MELBOURNE: Australias election cliffhanger is expected to force banks to hold off from raising home loan rates, despite increasing pressure on their margins from the rising cost of funds, The Age reported. (Thu, 26 Aug 2010 20:14:08 -0700)

Skipping on mortgage debt can be risky
Some homeowners underwater on their home loan meaning they owe more on the mortgage than the homes current value are turning to strategic defaults in which they simply walk away from mortgage debt. But financial experts warn that the cost of skipping out on mortgage debt can be high. The American Bankers Association recently warned homeowners about the consequences of strategic default ... (Thu, 26 Aug 2010 20:12:21 -0700)

Mortgage Rates Fall to the Lowest Levels in Decades
Mortgage rates fell to the lowest level in decades as concerns grow that the economy is weakening. (Thu, 26 Aug 2010 16:45:02 -0700)

Mortgage rates hit low of 4.36%
NEW YORK -- Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening.Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4. (Thu, 26 Aug 2010 16:15:58 -0700)

Mortgage delinquency rates mixed
WASHINGTON, Aug. 26 (UPI) -- The Mortgage Bankers Association said Thursday delinquency rates on mortgages dropped in the second quarter but remain elevated compared to a year ago. Mortgage Bankers Association - United States - Business - Financial Services - Foreclosure (Thu, 26 Aug 2010 15:36:06 -0700)

First National Bank and FHLB Dallas Award $360K to Affordable Senior Housing Project in Paragould
PARAGOULD, Ark. -- On Monday, August 30, 2010, First National Bank and the Federal Home Loan Bank of Dallas will announce a $360,000 Affordable Housing Program grant to the Paragould Housing Authority to assist with the construction of Oakwood Villa, a four-plex being built for very low-income senior and disabled individuals. (Thu, 26 Aug 2010 15:17:36 -0700)

Mortgage rates fall to historic lows
Mortgage rates are great -- if you can get them. (Thu, 26 Aug 2010 13:00:36 -0700)

Mortgage rates still inching down
Interest rates for a home loan fell again this past week, the 10th straight week that mortgage rates were at or below record levels, according to the latest Freddie Mac survey. This weeks average rates were: Thirty-year fixed-rate loans: 4.36%... (Thu, 26 Aug 2010 10:15:34 -0700)

Mortgage Bonds Wrongly Predict Government Refi Changes, Credit Suisse Says
Prices in the market for Fannie Mae and Freddie Mac mortgage bonds are incorrectly forecasting a 55 percent chance of a government-induced refi spike in the next year, according to Credit Suisse Group AG. (Thu, 26 Aug 2010 10:05:43 -0700)

Mortgage rates hit low of 4.36 percent for 30-year fixed loans
NEW YORK -- Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4. (Thu, 26 Aug 2010 09:16:19 -0700)

Mortgage rates continue to fall
National mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Meanwhile, one Greater Cincinnati mortgage rate held near a record low and while another rate set a new record. (Thu, 26 Aug 2010 09:12:21 -0700)

Mortgage Rates Continue to Set Record Lows
Mortgage rates fell to the lowest level in decades for the ninth time in ten weeks as concerns grow that the economy is weakening. (Thu, 26 Aug 2010 09:00:02 -0700)

Mortgage rates sink to 4.36%
Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks as concerns grow that the economy is weakening. The average rate on U.S. 30-year fixed-rate mortgages fell to 4.36 percent. (Thu, 26 Aug 2010 08:53:58 -0700)

Mortgage rates drop in housing slump
WASHINGTON, Aug. 26 (UPI) -- Average interest rates for long-term mortgages followed Treasury bond yields lower last week, the U.S. Federal Home Loan Mortgage Corp. said Thursday. Mortgage - United States - United States Treasury security - Loan - Business (Thu, 26 Aug 2010 08:51:11 -0700)

Mortgage Rates for 30-Year Loans Decline to Record 4.36%, Freddie Mac Says
U.S. mortgage rates fell to a record, extending a two-month tumble in borrowing costs for homebuyers as property demand slumps. (Thu, 26 Aug 2010 08:31:05 -0700)

Mortgage Rates Slide Back Near Lows
Mortgage rates fell for the fifth time in six weeks, but homes may not be as cheap as you think. (Thu, 26 Aug 2010 08:04:58 -0700)

Mortgage Rates Down Again; 30Yr Fixed At Record 4.36%-Freddie
Mortgage Rates Down Again; 30Yr Fixed At Record 4.36%-Freddie (Thu, 26 Aug 2010 07:56:39 -0700)

Mortgage rates hit low of 4.36 percent
Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4.36 percent this week, down from... Freddie Mac - Mortgage - Loan - Tax rate - Business (Thu, 26 Aug 2010 07:50:44 -0700)

Applying For An FHA 203(k) Loan
If you have the time and energy, the 203 loan is often the only way to finance a property needing significant repairs. (Thu, 26 Aug 2010 07:49:30 -0700)

Mortgage rates hit low of 4.36 percent
Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. (Thu, 26 Aug 2010 07:45:46 -0700)

Mortgage rates hit low of 4.36 percent
NEW YORK -- Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Business - Financial Services - United States - Mortgages - Mortgage loan (Thu, 26 Aug 2010 07:45:46 -0700)

Mortgage rates decline to lowest on record: Freddie
U.S. mortgage rates fell in the latest week to the lowest on record and posted their ninth drop in the last ten weeks, Freddie Mac said on Thursday. (Thu, 26 Aug 2010 07:38:25 -0700)

Mortgage rates hit low of 4.36 percent
Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks as concerns grow that the economy is... (Thu, 26 Aug 2010 07:31:49 -0700)

Mortgage Applications Up
Mortgage applications rose 4.9 percent last week as more borrowers refinanced at the lowest rates in decades. The Mortgage Bankers Association said Wednesday the gain was fueled by a 5.7 percent increase in refinancing applications. The number of loans taken out to purchase homes edged up by less than 1 percent. The numbers are adjusted for seasonal factors. The average rate for a 30-year fixed ... (Wed, 25 Aug 2010 22:36:44 -0700)

Owner of Home Sold at Auction Sues Bank
An Arizona man has filed a $100 million lawsuit against Bank of America. He says the bank told him them would help modify his home loan, but instead sold his million-dollar home at auction for a fraction of what it was worth. (Wed, 25 Aug 2010 19:49:34 -0700)

ASB introduces home loan for those over 65
By retirement age many own their home outright, but unless theyve got good pension plans there's little cash left. (Wed, 25 Aug 2010 19:37:30 -0700)

July new home sales sag as durables orders soft
New home sales slumped to the slowest pace on record in July and orders for costly durable goods were weak, heightening fears the economy was at risk of another downturn. (Wed, 25 Aug 2010 15:46:04 -0700)

Have you used your retirement funds for a home loan
If you have tapped into your retirement funds, including your 401(k), earlier than planned for a home loan or any other reason, the Daily Herald would like to talk to you for a story about an uptick in withdrawals from retirement funds. If you would be willing to speak with a reporter, please contact reporter Jake Miller at 715-845-0610, or at jkmiller@wausau.gannett.com (Wed, 25 Aug 2010 12:43:15 -0700)

Home Sale Woes May Rewrite Playbook
In past recessions, home sales helped lead the economy out of trouble. But this time, the economy may have to pull home sales out of the woods, rather than the other way around. (Wed, 25 Aug 2010 12:27:32 -0700)

Mortgage Applications Rise on Refi
Mortgage applications are rising for the fourth straight week as record-low interest rates lead more homeowners to refinance their existing loans. (Wed, 25 Aug 2010 09:13:47 -0700)

Mortgage Applications Rise 4.9 Pct. on Low Rates
Borrowers rush to refinance on lowest rates in decades, loan applications rise by 4.9 percent Mortgage - Refinancing - Business - Financial Services - United States (Wed, 25 Aug 2010 08:28:47 -0700)

Refinancing fuels boost in mortgage applications
A trade group says mortgage applications rose 4.9 percent last week as more borrowers refinanced at the lowest rates in decades. (Wed, 25 Aug 2010 08:10:10 -0700)

Mortgage applications rise 4.9 pct. on low rates
Mortgage applications rose 4.9 percent last week as more borrowers refinanced at the lowest rates in decades. (Wed, 25 Aug 2010 07:47:44 -0700)

Mortgage applications rise 4.9 pct. on low rates
Mortgage applications rose 4.9 percent last week as more borrowers refinanced at the lowest rates in decades. The Mortgage Bankers Association said Wednesday the gain was fueled by a 5.7 percent increase in refinancing applications. (Wed, 25 Aug 2010 07:47:39 -0700)

MBA: Mortgage refinance activity increases, Purchase activity flat
The Refinance Index increased 5.7 percent from the previous week and is at its highest level since May 1, 2009. The seasonally adjusted Purchase Index increased 0.6 percent from one week earlier. (Wed, 25 Aug 2010 04:47:30 -0700)

Mortgage Choice issues mixed outlook
Home loan broker Mortgage Choice sees growth opportunities ahead despite warning of the effects of housing under-supply and affordability on housing markets. (Wed, 25 Aug 2010 00:00:16 -0700)

Groundbreaking 'Loans4Love' Program Directs Significant Portion of Home Loan Origination Fee to Non-Profit or Local ...
A consortium of national- and state-chartered FDIC banks has joined together with Loans4Love to launch a groundbreaking home loan program designed to enhance corporate, community and consumer responsibility. (Tue, 24 Aug 2010 16:05:00 -0700)

Mortgage refinancing difficult for many
With mortgage rates at record lows, there has never been a better time to refinance your mortgage. But with unemployment high, home prices low and lending standards back to more prudent levels, large numbers of homeowners can't qualify for a new loan and are... Mortgage - Refinancing - Business - United States - Financial Services (Tue, 24 Aug 2010 05:35:37 -0700)

Loan program for green home upgrades stalls
Funds dry up, and many projects are left in limbo, after regulators and lenders raise alarms over terms of the Property Assessed Clean Energy program. A popular program that allows homeowners to tap low-interest government financing to install energy-efficient solar panels, windows and insulation has stalled, leaving tens of thousands of green improvement projects across the country in limbo. (Thu, 19 Aug 2010 12:33:41 -0700)

Shinseki Says VAs Home Loan Program Continues to Stay Strong
WASHINGTON--(BUSINESS WIRE)--Mortgage loans guaranteed by the Department of Veterans Affairs (VA) continue to have the lowest rate for serious delinquency and foreclosures in the industry. The continued high performance of VA loans is due to the dedication of VAs loan professionals, the support of our partners in the mortgage industry and most notably, the responsibility of our Veterans and ... (Thu, 19 Aug 2010 11:06:47 -0700)

Mortgage Rates Hit New Low
Falling Rates Push Mortgage Refinancing to Highest Level Since May 2009 (Thu, 19 Aug 2010 10:58:34 -0700)

U.S. Mortgage Rates Drop to Record, Freddie Mac Says
U.S. mortgage rates set a record low for the ninth straight week, making it cheaper to borrow and more attractive to refinance homes. (Thu, 19 Aug 2010 10:04:15 -0700)

Mortgage rates keep falling
Thirty-year mortgage rates have fallen to fresh lows for nine straight weeks. Today, Freddie Mac announced that interest rates for thirty-year loans averaged 4.42 percent for the week ended Aug. 19. (Thu, 19 Aug 2010 09:54:22 -0700)

Mortgage rates hit new record lows
Mortgage rates nationally and in Greater Cincinnati once again fell this week to the lowest level in decades, a sign that investors are concerned about the weak economy. (Thu, 19 Aug 2010 08:58:24 -0700)

Mortgage rates hit record lows: Freddie Mac
U.S. mortgage rates fell in the past week to the latest in a series of record lows amid concerns about the state of the U.S. economy, according to a survey released on Thursday by Freddie Mac , the second-largest U.S. mortgage finance company. (Thu, 19 Aug 2010 08:51:42 -0700)

Mortgage rates fall for 8th time in 9 weeks
WASHINGTON -- Mortgage rates fell to the lowest level in decades for the eighth time in nine weeks, a sign that investors are concerned about the weak economy. Mortgage buyer Freddie Mac says the average rate for 30-year fixed loans this week was 4.42 percent, down from 4.44 percent last ... (Thu, 19 Aug 2010 07:31:51 -0700)

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