Mortgage News Feb 2006

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Housing packs could lead to return of gazumping, say mortgage lenders
Mortgage lenders fear that measure will bring market distortion. (Wed, 01 Feb 2006 02:37:20 GMT)

HDFC effects upward revision of home loan rates by 50 basis pts
Mumbai, Jan 31 : Premier housing finance company HDFC today set the tone for hiking home loans in the country by upwardly revising its rates by 50 basis points across all maturity including floating rates. (Wed, 01 Feb 2006 04:20:55 GMT)

HDFC hikes home loan rates by 50 bps
A week after the Reserve Bank of India (RBI) hiked the short-term rates by a quarter percentage point, Housing Development Finance Corporation Ltd. (HDFC) on Tuesday hiked interest rates on home loans by 50 basis points. (Wed, 01 Feb 2006 04:24:49 GMT)

Home programs may get new fee in Union
UNION — Property owners enrolled in the Town of Union's first-time homeowner or home-improvement programs may face a new $25 administrative fee if they want to refinance their debt. (Wed, 01 Feb 2006 07:42:25 GMT)

HDFC hikes home loan rates by 0.5 pc
India's leading private sector bank HDFC Ltd has hiked home loan rates by 0.5 per cent across the board with effect from today. HDFC Ltd has also increased deposit rates by 0.25-0.5 per cent, an HDFC Ltd official said. (Wed, 01 Feb 2006 07:51:42 GMT)

ICICI watching cost of funds before tweaking home loan rates
Mumbai: ICICI Bank today said it will decide on whether or not to increase home loan rates, after watching the impact on cost of funds. "We are watching the impact on cost of funds and decide subsequently whether or not to increase interest rates on home loans," a bank official said. (Wed, 01 Feb 2006 07:59:16 GMT)

No decision on hiking home loan rates: SBI
Mumbai: Country's largest commercial bank State Bank of India today said it has not yet taken any decision on hiking home loan rates. Bank's Managing Director T S Bhattacharya told PTI that the bank would hold a meeting on February 4, before taking any decision on revising home loan rates. (Wed, 01 Feb 2006 08:32:11 GMT)

ICICI Bank watches fund costs before tweaking home loan rates
MUMBAI: ICICI Bank on Wednesday said that it would decide on whether or not to increase home loan rates, after watching the impact on cost of funds. "We are watching the impact on cost of funds and decide subsequently whether or not to increase interest rates on home loans," a bank official said. (Wed, 01 Feb 2006 08:52:49 GMT)

No decision on hiking home loan rates: SBI
MUMBAI: State Bank of India on Wednesday said that it has not yet taken any decision on hiking home loan rates. The bank's Managing Director, Mr T S Bhattacharya, said that the bank would hold a meeting on February 4, before taking any decision on revisi ng home loan rates. (Wed, 01 Feb 2006 08:52:59 GMT)

No decision on hiking home loan rates: SBI
State Bank of India (SBI) has not yet taken any decision on hiking home loan rates. T S Bhattacharya, MD of SBI, said the bank would hold a meeting on February 4 before taking any decision on revising loan rates. (Wed, 01 Feb 2006 09:09:18 GMT)

No decision on hiking home loan rates: SBI
The country's largest commercial bank State Bank of India on Wednesday said that it has not yet taken any decision on hiking home loan rates. Bank's Managing Director TS Bhattacharya said that the bank would hold a meeting on February 4, before taking any decision on revising home loan rates. (Wed, 01 Feb 2006 09:30:04 GMT)

Boston Scientific's Slippery Slope
Boston's stock has fallen since it beat out J&J to buy Guidant. As the deal loses value and regulatory concerns arise, J&J could stage a comeback (Wed, 01 Feb 2006 10:13:45 GMT)

MAKE A DIFFERENCE: Mother of ill child needs mortgage aid
The case featured this week was submitted to Lex-Care by Karen Conway, director of the Family Resource Center at Mary Todd Elementary School. Her client is a single mother of two who needs $500 to make her mortgage payment. (Wed, 01 Feb 2006 10:29:09 GMT)

(AFX UK Focus) 2006-02-01 12:15 GMT: Weekly mortgage applications lower as rates rise
WASHINGTON (AFX) -- The volume of applications for mortgages fell 5.1% in the week ended Jan. 27 compared to the prior week, according to data compiled by the Mortgage Bankers Association. (Wed, 01 Feb 2006 12:37:05 GMT)

HDFC hikes home loan rates
MUMBAI: Leading private sector bank HDFC Ltd has hiked home loan rates by 0.5 percentage point across the board with effect from today. HDFC Ltd has also increased deposit rates by 0.25-0.5 percentage point, an HDFC Ltd official said. (Wed, 01 Feb 2006 12:37:34 GMT)

MBA: Mortgage applications decrease
Industry trade group's index falls 5.1 percent, pulled down by fewer home loans; interest rates climb for the first time since November. (Wed, 01 Feb 2006 12:49:29 GMT)

U.S. mortgage applications down
WASHINGTON, Feb. 1 (UPI) -- U.S. mortgage applications last week fell 5.1 percent, an industry group said Wednesday. The Mortgage Bankers Association said that for the week ending Jan. 27 its index of mortgage activity fell to 626.8 from 660.5 in the previous seven-day period. (Wed, 01 Feb 2006 12:57:22 GMT)

Home loan applications fall as rates rise
U.S. mortgage applications fell for the first time in four weeks led by a decline in home purchase loans, as interest rates rose for the first time since November, an industry trade group said on Wednesday. (Wed, 01 Feb 2006 13:31:56 GMT)

Consumer Watch | Lenders' prey get some justice
Gary Goldsmith didn't know anything about Ameriquest Mortgage Co. when he got a phone call 51/2 years ago offering to refinance the mortgage on his Marlton home. (Wed, 01 Feb 2006 14:09:02 GMT)

HDFC Ltd hikes home loan rates by 0.5 pc
India's leading private sector bank HDFC Ltd has hiked home loan rates by 0.5 per cent across the board with effect from today. HDFC Ltd has also increased deposit rates by 0.25-0.5 per cent, an HDFC Ltd official said. (Wed, 01 Feb 2006 15:11:49 GMT)

No decision on hiking home loan rates: SBI
The State Bank of India today said it had not yet taken any decision on hiking home loan rates. Bank's Managing Director T S Bhattacharya told PTI that the bank would hold a meeting on February 4, before taking any decision on revising home loan rates. (Wed, 01 Feb 2006 15:12:08 GMT)

American Log Mortgage Awarded 2006 Excellence in Marketing Award from the Building Systems Councils of the National
MOUNTVILLE, Pa.----Feb. 1, 2006--American Log Mortgage , a division of American Home Bank, received a 2006 Excellence in Marketing Award from the Building Systems Councils of the National Association of Home Builders . (Wed, 01 Feb 2006 15:30:00 GMT)

BULGARIA; UBB Lowers Interest Rate on Mortgage Loans
United Bulgarian Bank lowered the interest rate on mortgage loans from 5.9% to 1.5% for the first year of the credit, Dnevnik a.m. reports. The rate for the remaining repayment period is 8.25% for credits denominated in the local currency. (Wed, 01 Feb 2006 16:08:57 GMT)

German Commerzbank's Polish BRE Bank expects mortgage arm to up net in'06
WARSAW. FEBRUARY 1. INTERAX CENTRAL EUROPE - German Commerzbank's Polish BRE Bank expects its mortgage arm, BRE Bank Hipoteczny, to post 2006 net profits in excess of last year's PLN 21.8 mln, BRE Chief Executive Slawomir Lachowski told Interfax Wednesday. (Wed, 01 Feb 2006 16:14:40 GMT)

U.S. Mortgage Applications Down
The Mortgage Bankers Association said that for the week ending Jan. 27 its index of mortgage activity fell to 626.8 from 660.5 in the previous seven-day period. (Wed, 01 Feb 2006 16:19:21 GMT)

SBI Life ties up with Federal Bank for home loan insurance
KOCHI : SBI Life Insurance, a joint venture between State Bank of India and Cardif SA of France, today signed a strategic tie-up with private sector Federal Bank Limited (FBL) to provide home loan insurance scheme for FBL customers. (Wed, 01 Feb 2006 17:28:27 GMT)

Fitch Rates $982.2MM Citigroup Mortgage Loan Trust, 2006-WMC1
::► Fitch Rates $982.2MM Citigroup Mortgage Loan Trust, 2006-WMC1◄:: Fitch has rated the Citigroup Mortgage Loan Trust Inc. asset-backed pass-through certificates, series 2006-WMC1, which closed on Jan. 31, 2006, as follows: -- $273,897,000 privately ... (Wed, 01 Feb 2006 17:30:40 GMT)

450 Irwin Mortgage jobs may be in jeopardy
FISHERS -- About 450 workers at Irwin Mortgage in Fishers face an uncertain future after the firm's parent said it might put the mortgage unit up for sale. (Wed, 01 Feb 2006 18:54:47 GMT)

ICICI, SBI may hike home loan rates
Major banks like ICICI Bank, SBI and BoB are likely to follow HDFC Ltd in hiking the home loan rates. (Wed, 01 Feb 2006 19:44:07 GMT)

Weekly Home Mortgage Rates
Weekly Home Mortgage Rates (Wed, 01 Feb 2006 20:29:37 GMT)

Fieldstone Investment Corporation Announces President to Speak on Panel on Subprime Mortgage Market
Fieldstone Investment Corporation announced today that Mr. Michael Sonnenfeld, its President and Chief Executive Officer, will be speaking on a panel on the subprime mortgage market at the Friedman Billings Ramsey 2006 Financial Services Industry Conference at 10 a.m. on February 3, 2006 at the Fairmont Scottsdale Princess, Scottsdale, Arizona. (Wed, 01 Feb 2006 20:48:00 GMT)

Weekly Home Mortgage Rates
Average mortgage rates for single-family homes in the 10 largest metropolitan areas as of Feb. 1 as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent of the value of the house. A point is a one-time fee equaling one percent of mortgage. (Wed, 01 Feb 2006 20:48:20 GMT)

Fitch Rates LB-UBS Commercial Mortgage Trust 2006-C1
NEW YORK----Feb. 1, 2006--LB-UBS Commercial Mortgage Trust 2006-C1, commercial mortgage pass-through certificates are rated by Fitch Ratings as follows: $64,000,000 class A-1 'AAA'; $326,000,000 class A-2 'AAA'; $92,000,000 class A-3 'AAA'; $94,000,000 class A-AB 'AAA'; $1,143,176,000 class A-4 'AAA'; $245,597,000 class A-M 'AAA'; $221,037,000 class A-J 'AAA'; $15,350,000 class B 'AA+'; (Wed, 01 Feb 2006 20:52:00 GMT)

Fitch Rates CSMC's Mortgage P-T Certificates, Series 2006-1
NEW YORK----Feb. 1, 2006--Credit Suisse Mortgage Securities Corp.'s mortgage pass-through certificates, series 2006-1, are rated as follows by Fitch Ratings: $835.6 million classes 1-A-1 through 1-A-7, 2-A-1 through 2-A-2, 3-A-1 through 3-A-21, 4-A-1 through 4-A-14, 5-A-1 through 5-A-2, A-X, D-X, A-P, AR and AR-L 'AAA'; $19.4 million class C-B-1 and D-B-1 certificates 'AA'; $8.5 million class (Wed, 01 Feb 2006 20:56:00 GMT)

Fitch Rates CSMC's Mortgage P-T Certificates, Series 2006-1
::► Fitch Rates CSMC's Mortgage P-T Certificates, Series 2006-1◄:: Credit Suisse Mortgage Securities Corp.'s mortgage pass-through certificates, series 2006-1, are rated as follows by Fitch Ratings: -- $835.6 million classes 1-A-1 through 1-A-7, 2-A-1 ... (Wed, 01 Feb 2006 21:07:55 GMT)

MBNA Mortgage Division Could Be Eliminated
Employees of MBNA have told NewsChannel5 that the company is eliminating its mortgage division, which employs about 300 people at the company's Beachwood facility. (Wed, 01 Feb 2006 22:33:00 GMT)

Banks raise residential mortgage rates by up to 0.15 percentage point
TORONTO (CP) - Mortgage rates are on the rise in Canada by up to 15 hudredths of a percentage point. (Wed, 01 Feb 2006 23:15:00 GMT)

Commercial Real Estate Loans Scrutinized
While banks and other lenders may fret these days about consumers' ability to repay home mortgages as interest rates rise, they have another concern: the commercial real estate market. (Wed, 01 Feb 2006 23:58:14 GMT)

MBNA Mortgage Division Could Be Eliminated
NewsChannel5 sources say MBNA is eliminating its mortgage division, which could affect about 300 employees at the Beachwood facility. (Thu, 02 Feb 2006 00:28:13 GMT)

MBNA Mortgage Division Could Be Eliminated
NewsChannel5 sources say MBNA is eliminating its mortgage division, which could affect about 300 employees at the Beachwood facility. (Thu, 02 Feb 2006 00:38:07 GMT)

Return to Publication
YOUR # 1Source FOR GREAT LOANS NJ Licensed Mortgage Banker . Purchase Mortgages . Debt Consolidation . Home Improvements . Refinancing . Home Equity Loans . Construction Loans . (Thu, 02 Feb 2006 02:59:20 GMT)

Equity Mortgage keeps grip on Open League
Equity Mortgage Company won two games last week to maintain its lead in ECPRD's Winter Basketball Open League standings. Chauncey's also won a pair of game to stay just one game behind Equity. (Thu, 02 Feb 2006 05:07:46 GMT)

Mortgage scam nets extended probation
A principal figure in a home mortgage scam that defrauded lenders pleaded guilty to three felonies Friday and was sentenced to 8 1/2 years of probation, including six months in jail. The state dropped several other charges. (Thu, 02 Feb 2006 05:18:24 GMT)

Mortgage scam nets extended probation
A principal figure in a home mortgage scam that defrauded lenders pleaded guilty to three felonies Friday and was sentenced to 8 1/2 years of probation, including six months in jail. The state dropped several other charges. (Thu, 02 Feb 2006 05:27:53 GMT)

£1000S SLASHED OFF MORTGAGE PAYOUTS
HOMEOWNERS were rocked by new mortgage misery last night as it was revealed Standard Life's endowment payouts had crashed by 22 per cent. The Edinburgh mutual also announced they were cutting bonus rates for many of their policies. (Thu, 02 Feb 2006 05:29:12 GMT)

Mortgage funds pledged to combat predatory lending
The practice of predatory lending strips billions of dollars in home equity from low-income and minority consumers each year, according to the Center for Responsible Lending, a nonprofit, nonpartisan research and policy organization. (Thu, 02 Feb 2006 08:09:48 GMT)

Return to Publication
YOUR # 1Source FOR GREAT LOANS NJ Licensed Mortgage Banker . Purchase Mortgages . Debt Consolidation . Home Improvements . Refinancing . Home Equity Loans . Construction Loans . (Thu, 02 Feb 2006 08:14:41 GMT)

£1000S SLASHED OFF MORTGAGE PAYOUTS
HOMEOWNERS were rocked by new mortgage misery last night as it was revealed Standard Life's endowment payouts had crashed by 22 per cent. The Edinburgh mutual also announced they were cutting bonus rates for many of their policies. (Thu, 02 Feb 2006 09:39:26 GMT)

Bank of America to shut MBNA mortgage office
Bank of America will eliminate the mortgage processing office of MBNA in Beachwood, the company said Wednesday. Of MBNA's roughly 2,500 employees in Beachwood and Akron, fewer than 10 percent work in the mortgage operations. An exact number was not available Wednesday evening. (Thu, 02 Feb 2006 09:57:55 GMT)

Mortgage rates up sharply, but demand, prices slip
Mortgage rates rose to their highest point in a month in Bankrate's weekly survey of large lenders, but with markets cooling off, the affordability crisis shows signs of easing. (Thu, 02 Feb 2006 11:00:00 GMT)

Lenders and investors closely monitoring commercial real estate - mortgage loans
NEW YORK -- While banks and other lenders may fret these days about consumers' ability to repay home mortgages as interest rates rise, they have another concern: the commercial real estate market. (Thu, 02 Feb 2006 11:39:53 GMT)

New Century Financial Corporation Reports Fourth Quarter and Full-Year Results for 2005
New Century Financial Corporation , a real estate investment trust and parent company of one of the nation's premier mortgage finance companies, today reported results for the three and twelve months ended December 31, 2005. (Thu, 02 Feb 2006 12:11:00 GMT)

Bankrate: Inflation Worries Propel Mortgage Rates Higher
Both fixed and adjustable mortgage rates increased for the second consecutive week, with inflation news and the latest Fed interest rate hike the primary culprits. The average 30-year fixed rate mortgage increased from 6.17 percent to 6.28 percent, according to Bankrate.com's weekly national survey of large lenders. (Thu, 02 Feb 2006 12:30:00 GMT)

SBI reviewing home loan rates: Purwar
After HDFC and IDBI hiked home loan rates, State Bank of India on Thursday said it is reviewing housing loan interest rates. "Our interest rates on home loans are under review," AK Purwar, the chairman of the country's largest lender, said here without giving any timeframe for the revision. (Thu, 02 Feb 2006 12:30:24 GMT)

Bankrate: Inflation Worries Propel Mortgage Rates Higher
NEW YORK, Feb. 2 /PRNewswire-FirstCall/ -- Both fixed and adjustable mortgage rates increased for the second consecutive week, with inflation news and the latest Fed interest rate hike the primary culprits. (Thu, 02 Feb 2006 12:46:19 GMT)

AdBank home-loan market share down
ADELAIDE Bank intends to introduce new home-loan products in the next eight weeks to counter a slowing in home-loan approvals and a shrinking market share. (Thu, 02 Feb 2006 14:01:45 GMT)

Fed's Bies warns on mortgage, real estate lending
Regulators are concerned about heavy commercial real estate exposures and risky mortgage lending practices at U.S. banks, Federal Reserve Board Governor Susan Bies said on Thursday. (Thu, 02 Feb 2006 15:16:26 GMT)

Fed's Bies warns on mortgage, real estate lending
Regulators worry that banks' risky mortgage lending practices could mean lots of defaults if there is a downturn in the housing market. (Thu, 02 Feb 2006 16:03:41 GMT)

Mortgage rates leap higher
Mortgage rates jumped last week, pushed higher by signs of rising inflation, lifting rates on the 30-year loan to six-week highs. (Thu, 02 Feb 2006 16:33:44 GMT)

U.S. mortgage rates up in latest week; 30-year 6.23%
CHICAGO (MarketWatch) -- U.S. mortgage rates jumped in the week ending Thursday, with the national average rate on the benchmark 30-year loan climbing to 6.23% from 6.12% a week earlier, according to Freddie Mac. (Thu, 02 Feb 2006 17:00:44 GMT)

Mortgage rates still rising
Predicting that mortgage rates will continue to fluctuate in the weeks and months ahead, Freddie Mac says the trend is for higher rates over the long run. (Thu, 02 Feb 2006 17:37:34 GMT)

SBI Life ties up with Federal Bank for home loan insurance
KOCHI : SBI Life Insurance, a joint venture between State Bank of India and Cardif SA of France, today signed a strategic tie-up with private sector Federal Bank Limited (FBL) to provide home loan insurance scheme for FBL customers. (Thu, 02 Feb 2006 17:43:26 GMT)

Mortgage Rates Rise This Week
Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since late December. (Thu, 02 Feb 2006 17:45:29 GMT)

Mortgage rates rise this week
Mortgage company Freddie Mac, in its weekly nationwide survey released Thursday, reported that rates on 30-year, fixed-rate mortgages rose to 6.23 percent for the week ending Feb. 2. That was up from 6.12 percent last week and was the highest rate since the week ending Dec. 22. (Thu, 02 Feb 2006 17:54:05 GMT)

Federal Home Loan Bank of Dallas Announces $7 Million in Funding for Affordable Housing Grants
The Federal Home Loan Bank of Dallas said today that $7 million would be available for the first round of Affordable Housing Program grants this year. (Thu, 02 Feb 2006 18:00:00 GMT)

Results for Calculators
Financial Calculators at Homestore.com Calculate home loan payments and check out our free mortgage lender directory. We've got all the information you need to find the loan that's right for you. (Thu, 02 Feb 2006 18:51:48 GMT)

Results for Loans
Home Equity and Mortgage Loans - E-LOAN Online lender offers home equity loans , cash out refinancing, mortgages, and auto loans at low rates. Fill out a simple application. Approval in minutes. Search rates now. (Thu, 02 Feb 2006 18:58:00 GMT)

Inflation Worries Propel Mortgage Rates Higher
RISMEDIA, Feb. 3 — Both fixed and adjustable mortgage rates increased for the second consecutive week, with inflation news and the latest Fed interest rate hike the primary culprits. (Thu, 02 Feb 2006 21:29:26 GMT)

Chase Home Finance Teams with Safety Experts to Offer Incentive-Based Loan Programs
RISMEDIA, Feb. 3 — Chase Home Finance announced a new builders' incentive program as part of an alliance with No Burn of California to promote preventative safety in the home. Chase Home Finance, the home finance arm of JPMorgan Chase & Co., has extended a loan rate and discount reduction plan to the state's commercial and custom homebuilders that use No Burn of California's fire and mold (Thu, 02 Feb 2006 21:30:07 GMT)

Direct Mortgage Corp. acquires Guaranty's lending business
Utah-based Direct Mortgage Corp., a mortgage origination company, announced Wednesday that it has purchased Guaranty Bank's wholesale mortgage lending business. (Fri, 03 Feb 2006 07:34:41 GMT)

30-year fixed mortgage rate up to 6.23%
The average rate on a 30-year fixed mortgage increased in the last seven days by the most in 13 weeks, on inflation concerns, Freddie Mac, the national mortgage company, said yesterday. (Fri, 03 Feb 2006 08:23:17 GMT)

30-Year Mortgage Rates Rise Further, to 6.23%
Rates on 30-year fixed-rate mortgages rose to 6.23% for the week ended Thursday, mortgage giant Freddie Mac said, up from 6.12% last week. (Fri, 03 Feb 2006 08:45:34 GMT)

Mortgage rates rise this week
WASHINGTON — Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since December. (Fri, 03 Feb 2006 09:02:12 GMT)

U.S. mortgage applications at 7-month low
U.S. mortgage applications fell last week as a jump in mortgage rates caused the biggest drop in home purchases in more than seven months. (Fri, 03 Feb 2006 09:40:40 GMT)

Mortgage rates movin' on up: Upward trend comes amid inflation concerns
WASHINGTON -- Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point in more than a month. (Fri, 03 Feb 2006 10:02:25 GMT)

Mortgage rate rise continues
Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since late December. Mortgage company Freddie Mac, in its weekly nationwide survey released Thursday, reported that rates on 30-year, fixed-rate mortgages rose to 6.23 percent for the week ending Feb. 2. That was up from 6.12 percent last week and was the highest rate since the (Fri, 03 Feb 2006 11:02:37 GMT)

Default notices rise 11% / Bay Area mortgage lenders issue 2,292 warnings in quarter
The number of Bay Area homeowners who fell behind on their mortgages rose by nearly 11 percent in the fourth quarter of 2005 as price appreciation ratcheted down, but those levels remain well below mid-1990s peaks. Lenders issued 2,292 default notices... (Fri, 03 Feb 2006 11:40:21 GMT)

Mortgage rates climb this week
Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since late December. (Fri, 03 Feb 2006 14:42:56 GMT)

Sky Financial to acquire Indiana mortgage company
Sky Financial Group Inc. said it will acquire Union Federal Bank of Indianapolis and its parent company Waterfield Mortgage Company Inc. (Fri, 03 Feb 2006 15:41:07 GMT)

Sky Financial to Acquire Union Federal Bank of Indianapolis and Parent Waterfield Mortgage
Sky Financial Group Inc. said Friday it will buy the privately held Union Federal Bank of Indianapolis and its parent company, Waterfield Mortgage Co., for $330 million in a bid to expand its Midwest operations. (Fri, 03 Feb 2006 16:35:47 GMT)

Home loans require due diligence
Did your loan officer sit you down and walk you through all the key operational details of your most recent mortgage before you signed on the dotted line? (Fri, 03 Feb 2006 16:54:40 GMT)

Consumer Watch | Lenders' prey get some justice
Gary Goldsmith didn't know anything about Ameriquest Mortgage Co. when he got a phone call 51/2 years ago offering to refinance the mortgage on his Marlton home. (Fri, 03 Feb 2006 18:06:45 GMT)

Allied Home Mortgage Capital Corporation Opens New Branch Office in Abbottstown
ABBOTTSTOWN, Pa., Feb. 3, 2006 (PRIMEZONE) -- Allied Home Mortgage Capital Corporation (AHMCC) has opened a new branch in Abbottstown, Pa. The branch is one of many in the city and state. Steven Phillips will be the branch manager for the new office. He has over 9 years' experience in the mortgage banking industry and was formerly a Branch Manager with Service 1st Mortgage. He has lived in the (Fri, 03 Feb 2006 18:46:41 GMT)

GMAC Commercial Mortgage Corporation Provides $110 Million in Refinancing for a Florida Hotel
ORLANDO, Fla.----Feb. 3, 2006--GMAC Commercial Mortgage Corporation has provided $110,000,000 in floating-rate refinancing for the Peabody Hotel in Orlando, Fla. (Fri, 03 Feb 2006 19:15:00 GMT)

Notice of Mortgage Foreclosure Sale
NOTICE IS HEREBY GIVEN that default has occurred in the conditions of the following described mortgage: DATE OF MORTGAGE: April 4, 2003. ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $129,500.00. (Fri, 03 Feb 2006 19:36:39 GMT)

Don't Believe It Unless It's in Writing
Did your loan officer sit you down and walk you through all the key operational details of your most recent mortgage before you signed? (Fri, 03 Feb 2006 19:42:19 GMT)

VIDEO/PHOTO AVAILABLE: Benchmark Mortgage is Sponsoring Robert Richardson Racing's #1 NASCAR Dodge Craftsman Truck
PRESS RELEASE ATTN: Editors And Writers --------------------------------------------------------------- VIDEO/PHOTO AVAILABLE: Benchmark Mortgage is Sponsoring Robert Richardson Racing's #1 NASCAR Dodge Craftsman Truck For Immediate Release DALLAS/EWORLDWIRE/Feb. 1, 2006 --- Benchmark Mortgage is proud to announce its title sponsorship of the Robert Richardson Racing Team’s NASCAR Championship #1 (Fri, 03 Feb 2006 21:04:50 GMT)

New expo-center tenant is GMAC Mortgage
GMAC Mortgage Corp. has signed a 450,000-square-foot lease to move into a new headquarters created by Liberty Property Trust at the Fort Washington Expo Center in Fort Washington, Pa. (Fri, 03 Feb 2006 21:24:42 GMT)

Spanish deal gives mortgage options
BANK OF IRELAND have announced details of a new venture with leading Spanish bank, La Caixa to provide extra mortgage options for Irish people buying property in Spain. (Sat, 04 Feb 2006 00:54:03 GMT)

Lender supports mortgage licensing
Angelo R. Mozilo, co-founder and chairman of Countrywide Financial Corp., the nation's largest mortgage lending company, said Friday he supports licensing people in the mortgage business in Colorado. (Sat, 04 Feb 2006 07:55:31 GMT)

REAL ESTATE / ROBERT BRUSS: Wife's age hurts reverse mortgage
Q. I am 78. My wife is 64. We own our home with a value of $550,000. No mortgage and no debts. We recently inquired about a senior citizen reverse mortgage and were told the best we can do is receive just $680 per month. The up-front fees would be about $13,000. The mortgage manager suggests we obtain a home equity loan instead. We have income of only about $60,000 per year. But we are cash poor (Sat, 04 Feb 2006 08:17:06 GMT)

Mortgage settlement underlines need to question
The alleged abuses by Ameriquest loan officers that triggered the states' legal actions constitute a virtual how-to manual for mistreating customers. (Sat, 04 Feb 2006 08:22:45 GMT)

Partner's payment toward mortgage qualifies as rent
Q: I bought my first house in 2005. My partner lives in it with me, but the mortgage and title are in my name alone because I have better credit. My partner gives me money each month to go toward paying the mortgage. Is this considered rent and therefore taxable? (Sat, 04 Feb 2006 08:29:17 GMT)

Inflation worries send mortgage rates up
Inflation worries send mortgage rates up (Sat, 04 Feb 2006 08:49:39 GMT)

Home loan mela at Bank of Baroda
Bank of Baroda has launched a special housing loan campaign from 1 February to 31 March 2006. This special campaign will cater to the needs of the customers or general public who have a dream to own a house. (Sat, 04 Feb 2006 10:53:41 GMT)

Lenders settle deceptive ads allegations
Five lenders have reached agreements with the state to resolve allegations they used deceptive advertising to target Orlando-area Hispanics for mortgage refinancing and other home loans. The Florida Attorney General's Office said the companies, without admitting guilt, have agreed to abide by state and federal laws and will donate $1,500 each to the state's Hurricane Relief Fund. The companies (Sat, 04 Feb 2006 11:30:43 GMT)

Consumer Loan And Savings Rates
A sampling of financial institutions was asked to quote the most recent lowest annual percentage rates they would charge a new loan customer with an annual income from $30,000 to $35,000 and good credit standing. Qualifications for borrowing and finance charges vary among institutions. Rates may differ from branch to branch. Some institutions provide lower rates to existing customers. (Sat, 04 Feb 2006 11:41:54 GMT)

Settlement is no time to be fuzzy on details
Did your loan officer sit you down and walk you through all the key operational details of your most recent mortgage before you signed on the dotted line? (Sat, 04 Feb 2006 12:39:00 GMT)

Home loan seekers need to stay on toes
Did your loan officer sit you down and walk you through all the key operational details of your most recent mortgage before you signed on the dotted line? (Sat, 04 Feb 2006 12:49:57 GMT)

No-deposit loan push
ST GEORGE hopes to expand its no-deposit home loan business, beginning a major advertising campaign starting today. (Sat, 04 Feb 2006 13:12:42 GMT)

No-deposit loan push
ST GEORGE is launching a new push in a bid to expand its no-deposit home loan business, beginning a major advertising campaign today. (Sat, 04 Feb 2006 14:01:45 GMT)

No-deposit loan push
ST GEORGE is launching a new push in a bid to expand its no-deposit home loan business, beginning a major advertising campaign starting today. (Sat, 04 Feb 2006 14:11:36 GMT)

No-deposit loan push
ST GEORGE is launching a new push in a bid to expand its no-deposit home loan business, beginning a major advertising campaign starting today. (Sat, 04 Feb 2006 14:15:06 GMT)

Average fixed mortgage rate rises to 6.28%
The benchmark 30-year fixed-rate mortgage jumped 11 basis points to an average of 6.28 percent, according to the Bankrate.com national survey of large lenders. It had not been that high since the last week of 2005, when it also was 6.28 percent. A basis point is one-hundredth of 1 percentage point. (Sat, 04 Feb 2006 15:03:02 GMT)

Royal Bank ready to take on rivals in bid to become UK’s second mortgage lender
ROYAL Bank of Scotland (RBS) is mounting an aggressive push into the mortgage market in a bid to double its UK share and see off new entrants Morgan Stanley and Deutsche Bank. (Sun, 05 Feb 2006 00:15:17 GMT)

Mortgage rates rise
Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since late December. (Sun, 05 Feb 2006 00:44:12 GMT)

Home loan seekers need to stay on toes
Did your loan officer sit you down and walk you through all the key operational details of your most recent mortgage before you signed on the dotted line? (Sun, 05 Feb 2006 00:49:56 GMT)

Fears grow of looming mortgage black hole
A MORTGAGE black hole of more than £1bn is facing hundreds of thousands of Britain's home buyers, because they have used endowment compensation cheques to fund luxury holidays, kitchen extensions or buy other consumer durables. (Sun, 05 Feb 2006 01:18:07 GMT)

REAL ESTATE / ROBERT BRUSS: Wife's age hurts reverse mortgage
Q. I am 78. My wife is 64. We own our home with a value of $550,000. No mortgage and no debts. We recently inquired about a senior citizen reverse mortgage and were told the best we can do is receive just $680 per month. The up-front fees would be about $13,000. The mortgage manager suggests we obtain a home equity loan instead. We have income of only about $60,000 per year. But we are cash poor (Sun, 05 Feb 2006 04:16:18 GMT)

'You gotta believe!' Fuhgedaboudit!
Banks are finally realizing "good-faith estimates" of mortgage costs that understate real costs by hundreds or thousands of dollars aren't good enough for most consumers. Federal law... (Sun, 05 Feb 2006 05:32:31 GMT)

Mortgage rate rise continues
Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since late December. Mortgage company Freddie Mac, in its weekly nationwide survey released Thursday, reported that rates on 30-year, fixed-rate mortgages rose to 6.23 percent for the week ending Feb. 2. That was up from 6.12 percent last week and was the highest rate since the (Sun, 05 Feb 2006 06:03:37 GMT)

Home loan seekers need to stay on toes
Did your loan officer sit you down and walk you through all the key operational details of your most recent mortgage before you signed on the dotted line? (Sun, 05 Feb 2006 06:20:50 GMT)

ProspectZone Launches New Loan Websites To Match Consumers With Lenders Nationwide
ProspectZone announces the launch of a new series of loan websites, including www.BestLenderFinder.com and www.RefinanceLane.com, designed to connect loan-shopping consumers with the ProspectZone network of lenders and brokers at mortgage.prospectzone.com. Instead of spending hours or days researching loans, prospective borrowers nationwide are now able to compare up to four competitive loan (Sun, 05 Feb 2006 08:07:37 GMT)

Greg Incardona Founder of Eagle Mortgage Joins BBB of western PA Board of Directors
Better Business Bureau of Western PA elects Greg Incardona of Eagle Mortgage Associates, Inc., to board of directors. [PRWEB Feb 5, 2006] (Sun, 05 Feb 2006 08:14:40 GMT)

Mortgage rates hit 6.23%
WASHINGTON – Mortgage rates around the country went up last week, with rates on 30-year mortgages climbing to their highest point since late December. (Sun, 05 Feb 2006 08:27:54 GMT)

Consumer Loan And Savings Rates
A sampling of financial institutions was asked to quote the most recent lowest annual percentage rates they would charge a new loan customer with an annual income from $30,000 to $35,000 and good credit standing. Qualifications for borrowing and finance charges vary among institutions. Rates may differ from branch to branch. Some institutions provide lower rates to existing customers. (Sun, 05 Feb 2006 08:41:54 GMT)

Home loan seekers need to stay on toes
Did your loan officer sit you down and walk you through all the key operational details of your most recent mortgage before you signed on the dotted line? (Sun, 05 Feb 2006 10:34:58 GMT)

Fed action makes fixed-rate mortgage a better deal
The fact that the Federal Reserve's Open Market Committee raised short-term rates another quarter of a percentage point this month isn't, by itself, such a big deal. (Sun, 05 Feb 2006 11:40:38 GMT)

Fed action makes fixed-rate mortgage a better deal
The fact that the Federal Reserve's Open Market Committee raised short-term rates another quarter of a percentage point this month isn't, by itself, such a big deal. (Sun, 05 Feb 2006 11:58:53 GMT)

ProspectZone Launches New Loan Websites To Match Consumers With Lenders Nationwide
CHICAGO, IL (PRWEB) February 5, 2006 -- ProspectZone Inc. today announced the launch of their network of consumer mortgage websites, including www.RefinanceLane.com and www.BestLenderFinder.com . The sites are designed to connect prospective borrowers nationwide with competitive quotes from local lenders participating in the ProspectZone network. (Sun, 05 Feb 2006 12:00:00 GMT)

Real estate transactions can trigger an audit
Tax time provides an opportunity to cash in many of the rewards of dabbling in last year's red-hot real estate market -- but there are numerous tax traps if you sold a home, refinanced your mortgage or bought an investment property in 2005. (Sun, 05 Feb 2006 13:11:27 GMT)

Home loan without a deposit
ST GEORGE Bank, the owner of BankSA, has started an advertising campaign to promote no-deposit home loans, as it tries to snatch prospective home buyers ahead of its rivals. (Sun, 05 Feb 2006 14:02:38 GMT)

Optimism drives mortgage push
HOME buyers are borrowing a higher percentage of their property's value as expectations rise for further price increases, according to one of Australia's largest mortgage brokers. (Sun, 05 Feb 2006 14:15:15 GMT)

Homeowners find themselves stuck in the middle
When Angela and Marshall Steele tried to refinance the mortgage on their $77,500 South Side house last summer, they confronted a deal-breaker: The mortgage holder hadn't paid their escrowed property taxes for two years. A tax-sale notice followed in November. (Sun, 05 Feb 2006 14:19:54 GMT)

Moody\'s Interfax Assigns Aa2.ru national scale rating to Moscow Mortgage Agency
Moody\'s Interfax Rating Agency has assigned a Aa2.ru long-term national scale credit rating (NSR) to Moscow Mortgage Agency (\"MMA\"). Moscow-based Moody\'s Interfax is majority-owned by Moody\'s, a leading global rating agency. (Sun, 05 Feb 2006 15:43:58 GMT)

Home loan seekers need to stay on toes
Did your loan officer sit you down and walk you through all the key operational details of your most recent mortgage before you signed on the dotted line? (Sun, 05 Feb 2006 20:05:50 GMT)

Mortgage rates edge up again
Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since late December. (Sun, 05 Feb 2006 20:06:10 GMT)

Book loan scheme to cover all by 2008
KEPALA BATAS: The Education Ministry’s book loan scheme will be extended to all primary school pupils in the country by 2008. (Sun, 05 Feb 2006 23:46:31 GMT)

Ameriquest Mortgage Provides Super Bowl's Darkest Ad; Leonard Nimoy Has Best Celeb Cameo
Every year they go at it. The best minds in the advertising business, armed with huge budgets, set out to create the most memorable ads in the most-watched television event of the year _ the Super Bowl. (Mon, 06 Feb 2006 01:50:34 GMT)

Real estate transactions can trigger an audit
Tax time provides an opportunity to cash in many of the rewards of dabbling in last year's red-hot real estate market -- but there are numerous tax traps if you sold a home, refinanced your mortgage or bought an investment property in 2005. (Mon, 06 Feb 2006 03:11:06 GMT)

The Color of Money: THE COLOR OF MONEY
Combatting loan sharks The practice of predatory lending strips billions of dollars in home equity from lowincome and minority consumers each year, according to the Center for Responsible Lending, a nonprofit, nonpartisan research and policy organization. (Mon, 06 Feb 2006 03:21:30 GMT)

Press Release
[Subscribers only: Click here to access this week's mortgage application survey data.] WASHINGTON, D.C. (January 25, 2006) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 20. The Market Composite Index — a measure of mortgage loan application volume was 660.5 -- an increase of 7.7 percent on a seasonally adjusted basis (Mon, 06 Feb 2006 04:01:02 GMT)

Mortgage Action Alliance
Established in 2005, the Mortgage Action Alliance is the premier nationwide, grassroots lobbying organization of the real estate finance industry. (Mon, 06 Feb 2006 04:02:01 GMT)

Inflation threat ups mortgage rates
Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since late December. (Mon, 06 Feb 2006 04:10:14 GMT)

Real estate transactions can trigger an audit
Tax time provides an opportunity to cash in many of the rewards of dabbling in last year's red-hot real estate market -- but there are numerous tax traps if you sold a home, refinanced your mortgage or bought an investment property in 2005. (Mon, 06 Feb 2006 04:25:14 GMT)

Wisconsin Foreclosure Rate Is Lower Than National Average
Wisconsin homeowners are doing a good job keeping up with monthly mortgage payments. (Mon, 06 Feb 2006 04:26:00 GMT)

Drop in refinancings could contribute to further slowing of mortgage originations
This week the Federal Reserve Open Market Committee raised the federal funds target rate by another quarter-percentage point, the 14th increase since June 2004. (Mon, 06 Feb 2006 05:39:23 GMT)

Hanson: Take the max on a student loan
QUESTION: My son is a college freshman. We have an investment account for his college education but it is not going to cover the entire cost. I understand a subsidized student deferred loan is the best way to go, but the total amount per year is limited. (Mon, 06 Feb 2006 07:14:56 GMT)

Home loan seekers need to stay on toes
Did your loan officer sit you down and walk you through all the key operational details of your most recent mortgage before you signed on the dotted line? (Mon, 06 Feb 2006 08:06:13 GMT)

As rates rise, so do banks' commercial loan concerns
While banks and other lenders may fret these days about consumers' ability to repay home mortgages as interest rates rise, they have another concern: the commercial real estate market. (Mon, 06 Feb 2006 08:14:32 GMT)

Fed action makes fixed-rate mortgage a better deal
The fact that the Federal Reserve's Open Market Committee raised short-term rates another quarter of a percentage point this month isn't, by itself, such a big deal. (Mon, 06 Feb 2006 09:58:53 GMT)

Second mortgage holder can foreclose
Don't think just paying on the first mortgage will protect you, says Dr. Don. (Mon, 06 Feb 2006 11:00:00 GMT)

NetBank, Inc. Reports Earnings of $.02 per Share For Fourth Quarter 2005; Highly Competitive Mortgage Market Pressures
NetBank, Inc. (Nasdaq: NTBK), a diversified financial services provider and parent company of NetBank(R) (www.netbank.com ( Nachrichten ) ), today reported financial results for the year ended December 31, 2005. (Mon, 06 Feb 2006 11:40:29 GMT)

Bimini Mortgage Management, Inc. Announces Corporate Name Change to ``Opteum Inc.''
VERO BEACH, Fla.----Feb. 6, 2006--Bimini Mortgage Management, Inc. , a real estate investment trust that invests in residential mortgage-related securities and originates loans through its taxable REIT subsidiary, Opteum Financial Services, today announced that the Company's Board of Directors voted unanimously to change its name to Opteum Inc. (Mon, 06 Feb 2006 11:50:00 GMT)

Bank of China vows improved controls
FEB. 6 5:02 A.M. ET The Bank of China, the Chinese state lender at the center of a cross-border corruption scandal, said Monday it has learned from the scandal and tightened internal controls as it readies for a multibillion dollar share listing. (Mon, 06 Feb 2006 11:54:40 GMT)

Adecco launches Deutscher Industrie bid
FEB. 6 6:06 A.M. ET Swiss staffing services company Adecco SA said Monday it began its voluntary offer to buy German rival Deutscher Industrie Service AG in a deal worth euro680 million, or about US$820 million. (Mon, 06 Feb 2006 11:54:50 GMT)

Arcelor, Mittal CEOs seek Belgian support
FEB. 6 5:47 A.M. ET The chief executives of Mittal Steel Co. and Arcelor SA were each meeting with Belgian Prime Minister Guy Verhofstadt on Monday, seeking support in their dispute over Mittal's unsolicited euro18.6 billion ($22.5 billion) bid for the company. (Mon, 06 Feb 2006 11:55:10 GMT)

Italy's stock exchange OKs 3 Italia's IPO
FEB. 6 4:37 A.M. ET Italy's stock exchange has approved the initial public offering prospectus by third-generation mobile operator 3 Italia SpA, officials said. (Mon, 06 Feb 2006 11:55:20 GMT)

BOB restarts GE loan
6 February 2006- The Bank of Bhutan (BOB) has re-started its government employee loan scheme under a new name “consumer loan scheme” with an interest of 14 percent. (Mon, 06 Feb 2006 12:19:20 GMT)

Loan Watch: Antwerp stroll to victory
Over the weekend, those on loan at Antwerp finally sampled victory, while David Jones missed a glorious chance to net for the third consecutive game in Holland... (Mon, 06 Feb 2006 12:40:56 GMT)

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