Mortgage News Apr 2006

Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006

1 2 3 Next

Federal Home Loan Bank of San Francisco Awards $8.2 Million to Help Lower-Income Homebuyers
SAN FRANCISCO----April 10, 2006--The Federal Home Loan Bank of San Francisco today announced $8.2 million in matching grants to help lower-income residents become homeowners in Arizona, California, and Nevada. (Mon, 10 Apr 2006 22:17:00 GMT)

Bad Credit Mortgage Refinance Loans are Now Available with New “Stepping Stone” Bad Credit Refinance Program
Bad Credit Mortgage Refinance Loans are now available for homeowners to help them overcome credit problems and gain control of their budgets with the First Guarantee Mortgage “Stepping Stone” bad credit refinance program [PRWEB Apr 11, 2006] (Tue, 11 Apr 2006 07:29:10 GMT)

The Mortgage Interest Tax Deduction
Introduced along with the income tax in 1913, the mortgage interest tax deduction has since become the favorite tax deduction for millions of U.S. homeowners. Here we look at the existing rules behind this deduction, as well as what its future may be in the face of proposed tax reforms. (Tue, 11 Apr 2006 15:03:19 GMT)

Home loan demand falls for 1st time in 3 weeks
U.S. mortgage applications fell for the first time in three weeks, an industry trade group said on Wednesday, as a near four-year high in interest rates dissuaded consumers from taking out home loans. (Wed, 12 Apr 2006 11:08:20 GMT)

Loan Star Appears Keen To Stay At Fir Park
Being on loan and getting a first team game can be a precarious situation. A difficult decision is required from the player, should he stay or head back to his home club? (Wed, 12 Apr 2006 11:09:00 GMT)

U.S. MBA's Mortgage Applications Index Fell 5.5% Last Week
April 12 (Bloomberg) -- A measure of U.S. mortgage applications fell last week as higher borrowing costs deterred homebuyers and made refinancing less attractive. (Wed, 12 Apr 2006 11:18:33 GMT)

Rates up slightly as home loan demands falls 5.5%
Mortgage applications fell for the first time in three weeks, an industry trade group said on Wednesday, as a near four-year high in interest rates dissuaded consumers from taking out home loans. (Wed, 12 Apr 2006 12:41:18 GMT)

Fewer people try to get home loans
Mortgage Bankers Assoc. says higher rates reduced mortgage applications for first time in three weeks. (Wed, 12 Apr 2006 13:45:36 GMT)

Weekly Home Mortgage Rates
Weekly Home Mortgage Rates (Wed, 12 Apr 2006 18:37:39 GMT)

News briefs: Clark Loan Available to Waltham seniors
The Clark Educational Loan is available to eligible seniors and graduates of Waltham High School. The Waltham School Committee bases its selection of applicants on academic and financial need. Applications are available in the Student Support Services Department, Waltham High School. (Thu, 13 Apr 2006 04:25:06 GMT)

Home-equity loan deduction can be tricky
When someone takes out a home-equity loan, how can they calculate the percentage of the interest that is tax deductible when filing income tax returns? (Thu, 13 Apr 2006 07:16:56 GMT)

Jobs report sends mortgage rates higher
Bankrate's weekly national survey shows where mortgage rates are -- and our analysis predicts where they're headed. (Thu, 13 Apr 2006 10:00:00 GMT)

Home equity lines of credit: Keep or refinance?
As interest rates rise, people with a home equity line of credit wonder what to do: Keep it, and risk more rate hikes, or pay it off by refinancing. (Thu, 13 Apr 2006 10:00:00 GMT)

Mortgage options explode
In the Bay Area, almost three- quarters of mortgage loans taken out last year allowed borrowers to delay the payment of principal and, in some cases, interest, according to data from San Francisco research firm LoanPerformance. Nearly 43 percent of new... (Thu, 13 Apr 2006 10:38:43 GMT)

Bankrate: Mortgage Rates Rise for Third Straight Week
Worries about inflation and interest rates pushed fixed mortgage rates higher for the third week in a row. The average 30-year fixed rate mortgage increased to 6.56 percent, according to Bankrate.com's weekly national survey of large lenders. (Thu, 13 Apr 2006 11:30:00 GMT)

Bankrate: Mortgage Rates Rise for Third Straight Week
NEW YORK, April 13 /PRNewswire-FirstCall/ -- Worries about inflation and interest rates pushed fixed mortgage rates higher for the third week in a row. (Thu, 13 Apr 2006 11:41:32 GMT)

Home equity lines of credit: Keep or refinance?
If you have a home equity line of credit, maybe you wonder what to do with it. Should you keep the credit line, even though the rate has almost doubled in 21 months? Should you refinance it? To answer, you will have to make a judgment call and probably do some math. (Thu, 13 Apr 2006 11:47:04 GMT)

RATES CLIMB:
Mortgage rates drifted upward to nearly a four-year high during a week when a report on employment delivered better-than-expected news. (Thu, 13 Apr 2006 11:47:14 GMT)

Home Savings Introduces Guaranteed Rates on Mortgages
Apr 13, 2006 9:08 a.m. YOUNGSTOWN, Ohio -- The Home Savings and Loan Co. is making it possible for new home buyers to lock in a mortgage rate before they shop for a new residence. (Thu, 13 Apr 2006 13:21:35 GMT)

USDA loan program aids development in rural areas
Buying her own home was Donna Rogers' biggest dream. Helping her make it come true was the United States Department of Agriculture (USDA). Rogers, 40, who works full time for a Grand Rapids business in an accounting department, was living with her brother and his family. (Thu, 13 Apr 2006 15:07:23 GMT)

Mortgage rates at nearly-4-year high
Mortgage rates rose for the third consecutive week, to the highest level in nearly four years, Freddie Mac said Thursday. (Thu, 13 Apr 2006 16:30:39 GMT)

Mortgage rates keep rising
Mortgage rates have risen for the third straight week, pushing 30-year mortgages to their highest levels in almost four years. (Thu, 13 Apr 2006 17:07:39 GMT)

Steve Brewer: Here's a checklist for home disaster
I read an article recently called "Dumb Money Moves People Make," which listed stupid things you can do to wreck your home finances. Most of the "dumb moves" centered on being careless with personal identification numbers or other financial information, leaving one susceptible to identity theft. (Thu, 13 Apr 2006 18:06:29 GMT)

Mortgage rates rise again
Washington, April 13 - The average rate for 30-year fixed-rate mortgages shot to its highest level since July of 2002 last week. According to mortgage giant Freddie Mac, the rate now stands at six-point-49 percent -- up from six-point-43 last week. (Thu, 13 Apr 2006 18:28:52 GMT)

Mortgage Rates at Highest in Nearly 4 Yrs.
Rates on 30-year mortgages climbed this week to their highest point in nearly four years, a development that could put a further crimp in housing activity. (Thu, 13 Apr 2006 18:41:06 GMT)

U.S. mortgage rates creeping up
MCLEAN, Va., April 13 (UPI) -- U.S. 30-year fixed-rate mortgages in the last seven days rose to 6.49 percent, Freddie Mac said Thursday. That's up from the previous reporting period's 6.43 percent, the federally chartered mortgage company said. (Thu, 13 Apr 2006 18:44:38 GMT)

Mortgage Rates at Highest in Nearly 4 Yrs.
Rates on 30-year mortgages climbed this week to their highest point in nearly four years, a development that could put a further crimp in housing activity. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages... (Thu, 13 Apr 2006 18:51:08 GMT)

Mortgage rates nearly at highest in 4 yrs.
Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.49 percent for the week ending April 13. That was up from 6.43 percent last week and was the highest since mid-July of 2002. (Thu, 13 Apr 2006 19:00:16 GMT)

Mortgage rates at highest in nearly 4 yrs.
Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.49 percent for the week ending April 13. That was up from 6.43 percent last week and was the highest since mid-July of 2002. (Thu, 13 Apr 2006 19:00:26 GMT)

Mortgage Rates at Highest in Nearly 4 Yrs.
WASHINGTON (AP) - Rates on 30-year mortgages climbed this week to their highest point in nearly four years, a development that could put a further crimp in housing activity. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.49 percent for the week ending April 13. That was up from 6.43 percent last week and was the highest since mid-July (Thu, 13 Apr 2006 19:07:42 GMT)

Mortgage loans eyed at Wells Fargo, other banks
BOSTON (MarketWatch) -- Investors will be watching mortgage- loan growth, or lack thereof, when Wells Fargo & Co. and other big players in the mortgage-lending space report quarterly results next week. (Thu, 13 Apr 2006 19:12:21 GMT)

U.S. mortgage rates continue uphill climb
CHICAGO (MarketWatch) -- Mortgage climbed to their highest level in more than 31/2 years this week, with the benchmark 30-year loan averaging just short of 6.5%, Freddie Mac said Thursday. (Thu, 13 Apr 2006 19:49:48 GMT)

Banks become choosy, home loans dry up
Organising a loan for your dream home just got a tad difficult. (Thu, 13 Apr 2006 20:03:40 GMT)

Ellie Mae Fully Automates Mortgage Processing With Captaris RightFax
Captaris, Inc. , a leading provider of Business Information Delivery solutions, today announced Ellie Mae, a California-based provider of software and services to the mortgage industry, is using Captaris RightFax 9.0 to capture and deliver paper documents into its Encompass(R) Mortgage Automation System. The integrated solution reduced the time to process a mortgage loan by up to two business (Thu, 13 Apr 2006 20:10:14 GMT)

Ellie Mae Fully Automates Mortgage Processing With Captaris RightFax
Captaris, Inc. , a leading provider of Business Information Delivery solutions, today announced Ellie Mae, a California-based provider of software and services to the mortgage industry, is using Captaris RightFax 9.0 to capture and deliver paper documents into its Encompass(R) Mortgage Automation System. The integrated solution reduced the time to process a mortgage loan by up to two business (Thu, 13 Apr 2006 20:25:55 GMT)

Home-equity loan deduction can be tricky
When someone takes out a home-equity loan, how can they calculate the percentage of the interest that is tax deductible when filing income tax returns? (Thu, 13 Apr 2006 20:46:55 GMT)

Dept of Ag loan program aids development in rural areas
Buying her own home was Donna Rogers' biggest dream. Helping her make it come true was the United States Department of Agriculture (USDA). Rogers, 40, who works full time for a Grand Rapids business in an accounting department, was living with her brother and her family. (Thu, 13 Apr 2006 20:55:15 GMT)

Mortgage rates rise for third consecutive week
Mortgage rates have risen for the third straight week, with 30-year mortgages reaching their highest levels in almost four years. (Thu, 13 Apr 2006 21:04:44 GMT)

Realty Q&A: Bait-and-switch at the mortgage closing
WASHINGTON (MarketWatch) -- Issues on people's minds: What can you do if you find the mortgage you were promised is not the one you closed on and how do you go about getting a reverse mortgage? (Thu, 13 Apr 2006 23:05:08 GMT)

Growth in home loans
KUALA LUMPUR: Hong Leong Bank Bhd, which currently commands about 8% market share in the home loans segment, expects to continue to maintain its position as one of the leading players in the competitive home loans business. (Thu, 13 Apr 2006 23:22:07 GMT)

Bringing Your Baby Home
Whether your baby comes home from the hospital right away, arrives later (perhaps after a stay in the neonatal intensive care unit), or comes through an adoption agency, homecoming is a major event you've probably often imagined. Of course, it may or may not turn out to be what you'd expected. Read on to find out how to be prepared in any situation. (Fri, 14 Apr 2006 00:00:00 GMT)

Greystone Servicing Closes $1.4 Million Loan for Apartment Complex in Utah
APRIL 13, 2006 -- Salt Lake City, Utah -- Greystone Servicing Corporation Inc., a top 10 Fannie Mae Delegated Underwriting and Servicing lender, provided a $1.4 million loan to Ponderosa Apartments LLC for the refinance of a 30-unit multifamily property. (Fri, 14 Apr 2006 00:04:49 GMT)

Info packs worry mortgage lenders
Nearly two-thirds of mortgage lenders think the introduction of Home Information Packs will have a negative impact on the property market, a survey has revealed. (Fri, 14 Apr 2006 00:19:25 GMT)

Jackson Makes Deal to Overhaul His Finances
As part of a $300 million refinancing, Michael Jackson agreed to sell half of his 50 percent stake in Sony/ATV Music Publishing. (Fri, 14 Apr 2006 03:38:09 GMT)

City Council approves employee $30,000 home loan plan
The Greenville City Council on Thursday approved the creation of a $30,000 fund to help city employees who want to buy a home in older university neighborhoods. (Fri, 14 Apr 2006 05:07:28 GMT)

Mortgage Leads Scam Revealed by Walton Solutions
(PRWEB) April 14, 2006 -- Walton Solutions announces in a recent investigation they have found a "Mortgage Lead Scam" is happening to 20% of brokers. (Fri, 14 Apr 2006 07:00:00 GMT)

Mortgage Leads Scam Revealed by Walton Solutions
In a recent investigation by Walton Solutions, the company has found that a "Mortgage Lead Scam" is happening to 20% of brokers who buy leads. Walton Solutions provides valuable information to consumers. [PRWEB Apr 14, 2006] Trackback URL: http://www.prweb.com/chachingpr.php/U3VtbS1TaW5nLUxvdmUtTG92ZS1IYWxmLVplcm8= (Fri, 14 Apr 2006 07:06:51 GMT)

30-Year Mortgage Rate at Highest Since July '02
Rates on 30-year, fixed-rate mortgages averaged 6.49% this week, up from 6.43% last week and the highest since mid-July 2002, mortgage company Freddie Mac said. (Fri, 14 Apr 2006 07:37:46 GMT)

Buyers back off as mortgage rates climb
A measure of U.S. mortgage applications fell last week as higher borrowing costs deterred homebuyers and made refinancing less attractive. (Fri, 14 Apr 2006 08:03:26 GMT)

Three options to consider with a home equity line
If you have a home equity line of credit, maybe you are wondering what to do with it. (Fri, 14 Apr 2006 08:11:11 GMT)

Mortgage rates reach highest level since '02
WASHINGTON -- Rates on 30-year mortgages climbed this week to their highest point in nearly four years, a development that could put a further crimp in housing activity. (Fri, 14 Apr 2006 09:09:41 GMT)

FSA establishes reporting system to reduce mortgage fraud
UK mortgage lenders and the Financial Services Authority have joined together to set up a streamlined reporting system designed to reduce the level of fraud involving loan applications handled through mortgage intermediaries. (Fri, 14 Apr 2006 10:14:01 GMT)

Rate rise raises stakes for mortgage brokers
Many in the field step up service, negotiate as market slows There was a period, not so long ago, when the mortgage-refinancing business was so boffo that loan originator Leigh Friedman didn't have time to return phone calls from prospective clients. (Fri, 14 Apr 2006 10:32:07 GMT)

Foreclosures rise with mortgage rates
Midwest hit hardest; numbers not high in historical terms As home price appreciation has tapered off and mortgage rates have risen, foreclosures have started to pick up, with the Midwest hit the hardest. (Fri, 14 Apr 2006 10:33:08 GMT)

Top banker warns mortgage growth will damage economy
One of Europe's top bankers has warned that Ireland's economy could be in danger of over-heating. Chief Economist at the European Central Bank, Otmar Issing has said mortgage growth rates pose a threat to Ireland's economy. (Fri, 14 Apr 2006 10:40:25 GMT)

River Cats Ready For Home Opener
The baseball season has been under way for the River Cats since last week, but the team was planning to celebrate their home opener Friday night at Raley Field against the Las Vegas 51s. (Fri, 14 Apr 2006 13:48:46 GMT)

Top banker warns mortgage growth will damage economy
One of Europe's top bankers has warned that Ireland's economy could be in danger of over-heating. Chief Economist at the European Central Bank, Otmar Issing has said mortgage growth rates pose a threat to Ireland's economy. (Fri, 14 Apr 2006 13:55:45 GMT)

Home loan rates at 4-year high
WASHINGTON - Rates on 30-year mortgages climbed this week to their highest point in nearly four years, a development that could put a further crimp in housing activity. Mortgage company Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.49 percent for the week ending April 13. That was up from 6.43 percent last week and was the highest since mid-July of (Fri, 14 Apr 2006 14:07:55 GMT)

Mortgage rates rise for first time since 2003
BRUSSELS - One of Belgium's main high street banks, Dexia, has announced a hike in mortgage rates. It's the first time in two-and-a-half years that a Belgian bank has increased its rates - the standard interest rates for people taking out a 20-year loan will amount to 5 percent in future. (Fri, 14 Apr 2006 15:13:46 GMT)

State eases restrictions on mortgage assistance program
Beginning this month the State of New York Mortgage Agency will increase the purchase price and income limits for homebuyers in New York State. With this change in place, people who previously did not qualify for SONYMA mortgage loans may now be able to receive help. (Fri, 14 Apr 2006 17:25:27 GMT)

Legalizing immigrants could cut flow of money they send home
MEXICO CITY (AP) - A proposal in Congress to legalize millions of undocumented migrants in the United States could backfire by slashing the amount of money they send home, Mexican economists warn. (Fri, 14 Apr 2006 17:28:05 GMT)

Economist gives mortgage warning
One of the country's top economists is warning house buyers to think twice before rushing in to mortgage deals. Jim Power from Friends First says rising interest rates and increasing house prices could put first-time buyers in serious economic trouble. (Fri, 14 Apr 2006 17:40:19 GMT)

Economist gives mortgage warning
One of the country's top economists is warning house buyers to think twice before rushing in to mortgage deals. Jim Power from Friends First says rising interest rates and increasing house prices could put first-time buyers in serious economic trouble. (Fri, 14 Apr 2006 17:41:19 GMT)

Mortgage Rate Lock-In Can Shelter You From a Surprise at Settlement -- But Get It in Writing
Q: We signed a contract to purchase our first home last week, and settlement is scheduled for mid-May. Before the contract was signed, we shopped around for the best mortgage. After the real estate contract was signed, we immediately contacted the lender we had selected and made a formal application. (Fri, 14 Apr 2006 19:54:21 GMT)

Elderly man drowns in pond near home
By SCOTT SMITH Editor DE QUEEN — An elderly man reported missing from his home west of De Queen Tuesday was an apparent drowning victim in a pond on his property, according to information released by the Sevier County Sheriff’s Office. The victim was identified as Earl Caldwell, 81, who resided on Waldon Road west of De Queen. Dispatchers received a call at 3:04 p.m. Tuesday from Leslie Tallant (Fri, 14 Apr 2006 20:22:13 GMT)

AmSouth Loan Helps Redevelop Apartments Near New Orleans
NEW ORLEANS----April 14, 2006--AmSouth Bank is providing a $6.5 million loan to the Jefferson Housing Foundation to finance the redevelopment of the Beechgrove Apartment complex, which was severely damaged by the effects from Hurricane Katrina. (Fri, 14 Apr 2006 20:32:00 GMT)

Home Depot CEO Earned $37.9M in 2005
The Home Depot Inc.'s chief executive, Bob Nardelli, earned a whopping $37.9 million in total compensation last year, the nation's largest home improvement-store chain said in a regulatory filing Friday. (Fri, 14 Apr 2006 21:40:31 GMT)

Home Depot CEO Earned $37.9M in 2005
ATLANTA (AP) - The Home Depot Inc.'s chief executive, Bob Nardelli, earned a whopping $37.9 million in total compensation last year, the nation's largest home improvement-store chain said in a regulatory filing Friday. The figure, disclosed in the Atlanta-based company's annual proxy to shareholders, includes salary, bonus, restricted stock awards and other types of compensation. Home Depot's (Fri, 14 Apr 2006 22:07:41 GMT)

Home-equity loan deduction can be tricky
When someone takes out a home-equity loan, how can they calculate the percentage of the interest that is tax deductible when filing income tax returns? (Fri, 14 Apr 2006 22:33:48 GMT)

30-year mortgage rates near 4-year high
WASHINGTON — Rates on 30-year mortgages climbed this week to their highest point in nearly four years, a development that could put a further crimp in housing activity. (Fri, 14 Apr 2006 23:11:03 GMT)

Home Depot's CEO earned $37.9 million in compensation in 2005
ATLANTA The Home Depot Incorporated said in a regulatory filing today that its chief executive, Bob Nardelli, earned a whopping 37-point-nine (m) million dollars in total compensation last year. (Sat, 15 Apr 2006 01:07:06 GMT)

Home equity lines of credit have cooled
If you have a home equity line of credit, maybe you wonder what to do with it. (Sat, 15 Apr 2006 04:29:40 GMT)

Home Depot's CEO earned $37.9 million in compensation in 2005
ATLANTA The Home Depot Incorporated said in a regulatory filing today that its chief executive, Bob Nardelli, earned a whopping 37-point-nine (m) million dollars in total compensation last year. (Sat, 15 Apr 2006 06:22:46 GMT)

REAL ESTATE: Why is mortgage balance growing?
Q. About a year ago, we bought our home with the help of an adjustable rate mortgage (ARM) at 1.95 percent interest. We knew it would adjust after six months to 4.95 percent interest. That was quite a jump in our monthly payment, but we handled it. However, when we received the lender's Internal Revenue Service 1098 year-end report, we learned our mortgage balance has grown by about $7,800. When (Sat, 15 Apr 2006 07:07:48 GMT)

ProspectZone Unveils New Quality Assurance Program for Mortgage, Refinance and Home Equity Leads
ProspectZone Inc. today announced the launch of its new Quality Assurance Program to enhance the company’s estimable selection of mortgage leads, including new purchase, refinance and home equity. [PRWEB Apr 15, 2006] Trackback URI: http://www.prweb.com/zingpr.php/RW1wdC1Qcm9mLUNyYXMtWmV0YS1IYWxmLVplcm8= (Sat, 15 Apr 2006 07:08:41 GMT)

Housing idea aids public workers
The plan would help teachers, firefighters and law enforcers get home-loan assistance. The boldest legislative effort in years to ease Florida's affordable-housing crisis would find new help for crucial public employees and unleash hundreds of millions of dollars now held back by a spending cap. (Sat, 15 Apr 2006 10:19:57 GMT)

Economist gives mortgage warning
One of the country's top economists is warning house buyers to think twice before rushing in to mortgage deals. Jim Power from Friends First says rising interest rates and increasing house prices could put first-time buyers in serious economic trouble. (Sat, 15 Apr 2006 10:40:34 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, 15 Apr 2006 11:41:40 GMT)

ProspectZone Unveils New Quality Assurance Program for Mortgage, Refinance and Home Equity Leads
Chicago, IL (PRWEB) April 15, 2006 -- ProspectZone Inc. (Sat, 15 Apr 2006 12:00:00 GMT)

Legalizing immigrants could reduce send-home pay
MEXICO CITY -- A proposal in Congress to legalize millions of illegal immigrants in the United States could backfire by slashing the amount of money they send home, Mexican economists warn. (Sat, 15 Apr 2006 12:32:35 GMT)

Countrywide Branch Offices
Your First Home Program Countrywide Home Loans can help first time home buyers with programs specially designed for those just getting started... U.S. Military Optimum Loan Program This new mortgage program that can make it easier for enlisted U.S. Armed Forces personnel and their families who have little or no funds for down payments and closing costs to become homeowners. (Sat, 15 Apr 2006 12:40:20 GMT)

Option mortgage requires lots of discipline
Q . I'd like to refinance my mortgage and debt. I have a monthly payment of $1,000 on my mortgage and about $130,000 in credit card and student loan debt. The student loans are still on deferment, but I'll have to pay them back at some point. The monthly payment on the credit card is about $650. I'm just getting by. I'm never late on my payments, but I don't have a lot left over. (Sun, 16 Apr 2006 08:22:59 GMT)

Mortgage employment drops as refinance business slows
Rising interest rates have led to a decrease in overall mortgage industry employment in the Triad at the same time some large lenders are looking to boost their mortgage business. (Mon, 17 Apr 2006 04:34:05 GMT)

Rise in home loan defaults
In the middle of a property boom, home loan defaults are going up, leaving regulators worried. Buildings, malls and condominiums are sprouting all over India at a frantic pace and banks and finance companies are falling over each other to finance them. (Mon, 17 Apr 2006 15:14:04 GMT)

GMAC Commercial Mortgage Corporation Provides $140 Million in Refinancing for a Portfolio of Senior Housing Properties
HORSHAM, Pa.----April 17, 2006--GMAC Commercial Mortgage Corporation has provided $140,000,000 in floating-rate refinancing for a portfolio of 11 senior housing properties located throughout New England. (Mon, 17 Apr 2006 20:17:00 GMT)

Why a home loan makes sense
It may seem wiser to touch your savings but, with the tax benefits available on home loans, the latter is a better option. (Tue, 18 Apr 2006 03:41:48 GMT)

Should you go in for a Home Saver loan?
Our home loan expert Harsh Roongta tells you when it makes sense to consider this option. (Tue, 18 Apr 2006 05:11:49 GMT)

Can I repay my brother's loan?
A family member is hard-up for cash and wants you to take over his home loan? Here's what you can do. (Tue, 18 Apr 2006 07:41:49 GMT)

Wells Fargo Profit Rises 9 Percent in 1Q
Wells Fargo & Co.'s first-quarter profit rose 9 percent as the bank shook off a dramatic drop in home mortgage revenue to continue a five-year streak of steady growth built on its ability to sell a hodgepodge of financial services. (Tue, 18 Apr 2006 15:20:48 GMT)

Banks Shrug Off Recent Mortgage Slowdown
Wells Fargo & Co. and U.S. Bancorp posted record first-quarter profit on Tuesday, shrugging off a recent home mortgage slowdown caused by rising interest rates. (Tue, 18 Apr 2006 19:22:12 GMT)

Banks Shrug Off Recent Mortgage Slowdown
Wells Fargo & Co. and U.S. Bancorp posted record first-quarter profit on Tuesday, shrugging off a recent home mortgage slowdown caused by rising interest rates. Profit at San Francisco-based Wells Fargo, the fifth-largest U.S. bank, rose 9 percent to $... (Tue, 18 Apr 2006 19:51:09 GMT)

Thornburg Mortgage Reports 1Q EPS of $0.66
SANTA FE, N.M.----April 18, 2006--Thornburg Mortgage Inc. 1Q mortgage originations of $1.4 billion, up 23% year-over-year Quarterly dividend maintained at $0.68 Total assets increase to $46.1 billion; a 49% increase over prior year Strong credit underscored by 0.07% 60-day plus delinquent loans Book value of $21.00; unchanged year-over-year (Tue, 18 Apr 2006 20:05:00 GMT)

Banks Shrug Off Recent Mortgage Slowdown
NEW YORK (AP) - Wells Fargo & Co. and U.S. Bancorp posted record first-quarter profit on Tuesday, shrugging off a recent home mortgage slowdown caused by rising interest rates. Profit at San Francisco-based Wells Fargo, the fifth-largest U.S. bank, rose 9 percent to $2.02 billion - marking the first time in the company's 154-year old history it passed the $2 billion mark. Meanwhile, U.S. Bancorp (Tue, 18 Apr 2006 20:38:19 GMT)

Chicago Federal Home Loan Bank Announces Plans on Stock Redemptions, Retained Earnings, and Dividends
The Chicago Federal Home Loan Bank today announced plans to move forward on key initiatives affecting capital stock redemptions for member-investors, and the Bank's retained earnings, dividends, and long-term business strategies. (Tue, 18 Apr 2006 21:04:00 GMT)

Banks Post Record First-Quarter Profits
Wells Fargo & Co., Washington Mutual Inc. and U.S. Bancorp posted record first-quarter profits on Tuesday, shrugging off a recent home-mortgage slowdown caused by rising interest rates. (Tue, 18 Apr 2006 21:08:49 GMT)

Thornburg Mortgage 1Q Earnings Rise
Mortgage lender Thornburg Mortgage Inc. on Tuesday reported higher first-quarter earnings, helped by tighter spreads and rising rates. (Tue, 18 Apr 2006 21:11:28 GMT)

Wells Fargo used earnings diversity to offset mortgage slowdown
NEW YORK (AP) - Wells Fargo & Co. (NYSE:WFC), Washington Mutual Inc. (NYSE:WM) and U.S. Bancorp (NYSE:USB) posted first-quarter profits Tuesday that shrugged off a recent home-mortgage slowdown caused by rising interest rates. (Tue, 18 Apr 2006 22:11:00 GMT)

Wells Fargo used earnings diversity to offset mortgage slowdown
NEW YORK (AP) - Wells Fargo & Co. (NYSE:WFC), Washington Mutual Inc. (NYSE:WM) and U.S. Bancorp (NYSE:USB) posted first-quarter profits Tuesday that shrugged off a recent home-mortgage slowdown caused by rising interest rates. (Tue, 18 Apr 2006 22:38:11 GMT)

Freddie Mac to Pay to Settle Allegations
The home loan giant Freddie Mac has agreed to pay a record $3.8 million fine to settle allegations it made illegal campaign contributions. (Wed, 19 Apr 2006 01:23:33 GMT)

Mortgage fees higher than in US, UK
Costs and fees charged to consumers in the Australian mortgage lending market are up to 35 per cent higher than those charged in the US and UK, a report shows. (Wed, 19 Apr 2006 02:44:10 GMT)

Mortgage fees higher than in US, UK
Costs and fees charged to consumers in the Australian mortgage lending market are up to 35 per cent higher than those charged in the US and UK, a new report showed. (Wed, 19 Apr 2006 03:00:17 GMT)

Home loan: What you can do now
If you do not have an appetite for risk, we recommend you go in for a truly fixed-rate home loan. (Wed, 19 Apr 2006 05:23:10 GMT)

Banks Post Sharp Drop in Home Loan Profits
Despite the decline amid rising interest rates, major lenders report improved bottom lines. (Wed, 19 Apr 2006 07:31:20 GMT)

Best to stick with a fixed mortgage
Q. I'm house hunting this spring and have found a couple of nice homes, so I'm thinking about the next step. Which type of mortgage is best? (Wed, 19 Apr 2006 08:26:44 GMT)

Aussie mortgage fees higher than US, UK
Costs and fees in the Australian mortgage lending market are up to 35 per cent higher than those charged in the US and UK, a new report shows. (Wed, 19 Apr 2006 08:37:16 GMT)

Aussie mortgage fees higher than US, UK
Costs and fees charged to consumers in the Australian mortgage lending market are up to 35 per cent higher than those charged in the US and UK, a new report shows. (Wed, 19 Apr 2006 08:51:48 GMT)

TeleTech and LenderLive Partnership Transforms Mortgage Processing
TeleTech Holdings, Inc., a global business process outsourcing (BPO) provider of customer management and transaction-based processing solutions, and LenderLive, a mortgage fulfillment provider, have entered into an exclusive partnership that brings a global delivery network to LenderLive's operations. (Wed, 19 Apr 2006 09:06:25 GMT)

Community Bancorp Announces 60% Annualized Loan Growth Coupled With Increased Earnings of 44% in the First Quarter of
-- Loan growth of 86% year-over-year and 59.6% on an annualized basis over year-end. -- Net income up 43.8% year-over-year. -- Earnings per share up 31.4% year-over-year to $0.46 as of March 2006. (Wed, 19 Apr 2006 09:43:35 GMT)

ICBA Mortgage names ComplianceEase preferred vendor
ComplianceEase, a leading provider of automated compliance and risk-management solutions, today announced that it has been selected by ICBA Mortgage, a subsidiary of the Independent ... (Wed, 19 Apr 2006 09:56:48 GMT)

Using 401(k) money for a refinance
Either a withdrawal or a loan would probably be a mistake, says Dr. Don. (Wed, 19 Apr 2006 10:00:00 GMT)

Home loan demand down as rates hit new highs
Mortgage applications fell for a second consecutive week, led by a decline in demand for home purchase loans, as interest rates reached new multiyear highs, an industry trade group said on Wednesday. (Wed, 19 Apr 2006 11:02:53 GMT)

(AFX UK Focus) 2006-04-19 12:42 GMT: Mortgage applications off modestly as rates rise, MBA says
WASHINGTON (AFX) -- The volume of mortgage applications activity slipped 1.7% in the week ended April 14 compared to the prior week, data compiled by the Mortgage Bankers Association show. (Wed, 19 Apr 2006 12:10:21 GMT)

Wachovia Mortgage Corporation Chooses HouseValues to Boost Lending Business
HouseValues Inc. today announced that Wachovia Mortgage Corporation has chosen the company to provide comprehensive online lead generation and management services through HouseValues' mortgage arm, The Loan Page. Wachovia is the fourth-largest bank holding company in the country. (Wed, 19 Apr 2006 12:15:00 GMT)

U.S. mortgage applications fell last week
WASHINGTON, April 19 (UPI) -- The number of U.S. mortgage applications last week fell 1.7 percent, an industry group said Wednesday. However, the Mortgage Bankers Association also said the 4-week moving average of mortgage applications was up 0.2 percent. (Wed, 19 Apr 2006 12:44:05 GMT)

Mortgage applications off modestly as rates rise, MBA says
Mortgage applications off modestly as rates rise, MBA says (Wed, 19 Apr 2006 14:46:13 GMT)

U.S. mortgage applications fell last week
U.S. mortgage applications fell last week (Wed, 19 Apr 2006 14:48:01 GMT)

Home loan apps decline again
Fewer people applied for mortgages in the U.S. for the second week in a row, an industry trade group said on Wednesday. (Wed, 19 Apr 2006 15:00:32 GMT)

Using 401(k) money for a refinance
Dear Dr. Don, Can I borrow money from my 401(k) for my home refinance? Is there any penalty or any tax issue there for withdrawing money from my 401(k) account? Let me know. (Wed, 19 Apr 2006 15:17:44 GMT)

California's Largest Privately Owned Mortgage Broker Selects Maximizer Enterprise for Integration Capabilities
Vancouver, BC, April 19, 2006--(T-Net)--Maximizer Software Inc. (TSX:MAX), a leading provider of proven and affordable customer relationship management (CRM) and contact management solutions, today announced that Diablo Funding Group, California's largest privately owned Mortgage Broker, has selected Maximizer Enterprise as part of its commitment to delivering the best mortgage options and the (Wed, 19 Apr 2006 15:46:35 GMT)

Shop around for mortgage
PARRY SOUND - If you’re trying to secure the best-possible mortgage, shop around because the competition for your business will be fierce. “Interest rates are low and have been for many years. The marketplace is saturated with lenders competing for your business. (Wed, 19 Apr 2006 16:36:41 GMT)

GMACCM refinances portfolio for $140M
GMAC Commercial Mortgage Corp. (GMACCM) refinanced an 11-property portfolio, providing $140 million in loans to the owner, a joint venture managed by Benchmark Assisted Living LLC. (Wed, 19 Apr 2006 18:32:01 GMT)

Weekly Home Mortgage Rates
Weekly Home Mortgage Rates (Wed, 19 Apr 2006 19:18:13 GMT)

Home loan rates now in double digits
However, bankers say rising rates had not dampened borrowings for home purchases. Interest rates on home loans have hit double digits three years after sliding below 10 per cent and going down to as low as 7.25 per cent. (Wed, 19 Apr 2006 19:20:27 GMT)

New fixed-rate, interest-only mortgage surges in popularity
As rising mortgage rates drive up the costs of buying a home, consumer demand has soared for a recently introduced type of mortgage that offers the security of a fixed interest rate but with relatively low monthly payments in the loan's early years. (Wed, 19 Apr 2006 19:29:12 GMT)

Area men get probation for mortgage fraud
U.S. District Judge Scott Wright on Wednesday sentenced two area men to three years of probation, including six months of house arrest, for their roles in a scheme to defraud home buyers and mortgage lenders of more than $6 million. (Wed, 19 Apr 2006 20:07:38 GMT)

15 indicted in alleged mortgage fraud scheme
A federal grand jury on Wednesday indicted 15 defendants, including nine Georgians, on 79 counts of conspiracy, bank loan fraud, mail fraud, wire fraud and money laundering relating to a mortgage fraud scheme that mostly targeted subdivisions in Alpharetta and Acworth, Ga. (Wed, 19 Apr 2006 20:08:08 GMT)

Housing: Mortgage Rates Continue Climbing
Will Housing Sales Take a Plunge? (Wed, 19 Apr 2006 20:42:07 GMT)

15 charged with mortgage fraud
ATLANTA - Two northeast Georgia men are among 15 defendants facing federal charges related to a mortgage fraud. Special Assistant U.S. Attorney Richard Reed said David Bobo, 44, Cumming and Calvin Dalton, 68, Cleveland were involved in mortgage flipping. (Wed, 19 Apr 2006 21:51:12 GMT)

Executive named Mortgage Finance Authority executive director
ALBUQUERQUE The New Mexico Mortgage Finance Authority has named Jay Czar as its new executive director. Czar replaces Katherine Miller, who was named state finance... (Thu, 20 Apr 2006 01:31:20 GMT)

30-year mortgage rates hit 6.49%, highest since ’02
WASHINGTON – Rates on 30-year mortgages climbed last week to their highest point in nearly four years, a development that could put a further crimp in housing activity. (Thu, 20 Apr 2006 02:36:38 GMT)

Lincoln program outlined for home owners
The possibility of getting a government forgivable loan to pay for fixing up their homes in the Lincoln neighborhood of Fort Dodge attracted about 75 people to a public meeting Wednesday night. (Thu, 20 Apr 2006 03:58:34 GMT)

Durbin speaks against loan rate hike
NORMAL - A new law raising student loan rates could keep low-income people, including hundreds now at Illinois State University, out of college, U.S. Sen. Dick Durbin told a crowd of students and parents Tuesday at ISU. (Thu, 20 Apr 2006 05:41:38 GMT)

Home loan rates now in double digits
However, bankers say rising rates had not dampened borrowings for home purchases. (Thu, 20 Apr 2006 06:07:53 GMT)

Mortgage lending hits new high
Mortgage lending soared to a new high during March, boosted by the housing market's traditional spring revival, figures showed today. (Thu, 20 Apr 2006 09:59:04 GMT)

Mortgage lending hits new high
Mortgage lending boosted by traditional spring revival, figures show. (Thu, 20 Apr 2006 10:06:01 GMT)

(AFX UK Focus) 2006-04-20 10:41 GMT: UK gross mortgage lending highest ever for March - CML UPDATE
LONDON (AFX) - UK mortgage lending continued to pick up sharply in March, with gross lending reaching a record level for that month, providing continued evidence that the UK housing market activity remains very buoyant, figures from the Council of Mortgage Lenders showed. (Thu, 20 Apr 2006 10:10:14 GMT)

Bankrate: Mortgage Rates Inch Higher
NEW YORK, Apr. 20 /PRNewswire/ -- Fixed mortgage rates moved slightly higher, on mixed interest rate signals. The average 30-year fixed rate mortgage increased to 6.57 percent, according to Bankrate.com ( Nachrichten ) 's weekly national survey of large lenders. (Thu, 20 Apr 2006 11:40:38 GMT)

Church Mortgage REIT Foundation Capital Resources Completes $137 Million Asset-Backed Securitization
Foundation Capital Resources, Inc. , the nation's leading Real Estate Investment Trust focused on providing mortgage financing to churches and other faith-based organizations, today announced it has completed the securitization of a loan portfolio, issuing approximately $137 million in notes backed by mortgage assets. (Thu, 20 Apr 2006 12:30:00 GMT)

Fitch Rates $952MM Asset Backed Securities Corp Home Equity Loan Trust, Series OOMC 2006-HE3
NEW YORK----April 20, 2006--Fitch has assigned the following ratings to Asset Backed Securities Home Equity Loan Trust, $952 million asset-backed pass-through certificates, series OOMC 2006-HE3, which closed on April 17, 2006: $763 million classes A1 through A5 'AAA'; $70.47 million class M1 'AA'; $19.31 million class M2 'AA'; $16.41 million class M3 'AA-'; $15.45 million class M4 'A+'; $14.00 (Thu, 20 Apr 2006 15:03:00 GMT)

Mortgage rates at nearly-4-year high for 2nd week
Mortgage rates rose for the fourth consecutive week, to the highest level in nearly four years, Freddie Mac said Thursday. (Thu, 20 Apr 2006 16:01:46 GMT)

U.S. mortgage rates highest in nearly 4 years
CHICAGO (MarketWatch) -- Mortgage rates moved higher in the week ending Thursday, with the benchmark 30-year loan approaching a four-year high, Freddie Mac said. (Thu, 20 Apr 2006 16:34:51 GMT)

MOEA UNVEILS NEW LOAN PROJECT TO ENCOURAGE DOMESTIC INVESTMENT
Taipei, April 20 (CNA) The Ministry of Economic Affairs (MOEA) unveiled a new loan project Thursday to attract overseas Taiwanese businesspeople to return home to rebuild their business. (Thu, 20 Apr 2006 17:04:07 GMT)

Fannie Mae unveils new mortgage security product
Looking to attract new investment, Fannie Mae is whipping up a new mortgage-backed security designed to reduce some risk in owning the debt. (Thu, 20 Apr 2006 17:38:46 GMT)

Mortgage Rates Highest in Nearly 4 Yrs.
Rates on 30-year mortgages marched up this week to their highest point in nearly four years, a factor that is taking some oomph out of the housing market. (Thu, 20 Apr 2006 18:27:37 GMT)

Mortgage Rates Highest in Nearly 4 Yrs.
Rates on 30-year mortgages marched up this week to their highest point in nearly four years, a factor that is taking some oomph out of the housing market. Freddie Mac, the mortgage company, reported Thursday that for the week ending April 20, rates on... (Thu, 20 Apr 2006 18:36:14 GMT)

Mortgage rates highest in nearly 4 yrs.
Freddie Mac, the mortgage company, reported Thursday that for the week ending April 20, rates on 30-year, fixed-rate mortgages averaged 6.53 percent, up from 6.49 percent last week. (Thu, 20 Apr 2006 18:45:16 GMT)

Mortgage rates highest in nearly 4 yrs.
Freddie Mac, the mortgage company, reported Thursday that for the week ending April 20, rates on 30-year, fixed-rate mortgages averaged 6.53 percent, up from 6.49 percent last week. (Thu, 20 Apr 2006 18:45:26 GMT)

Mortgage Rates Highest in Nearly 4 Yrs.
Rates on 30-Year Mortgages Advance to Highest in Almost 4 Years (Thu, 20 Apr 2006 18:55:06 GMT)

Mortgage rates keep climbing, highest in nearly 4 years
Rates on 30-year, fixed-rate mortgages averaged 6.53% the week ending April 20, up from 6.49% last week, Freddie Mac, the mortgage company, reported Thursday. This week's rate was the highest since the week ending July 12, 2002, when 30-year mortgage rates stood at 6.54%. (Thu, 20 Apr 2006 18:56:18 GMT)

Royal Bank raises residential mortgage rates by more than a tenth points
TORONTO (CP) - RBC Royal Bank (TSX:RY) has raised mortgage rates by more than a tenth of a percentage point to reflect the rising cost of borrowing in the bond market. (Thu, 20 Apr 2006 19:08:11 GMT)

1 2 3 Next

---

Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006

medical insurance | e real estate pro | auto donation | senior care site | online pet info | local plastic surgery | here | online lawyer | online gift resources | night clubs | click here | click here | useful mortgage resources | real estate online | home security guide | local plastic surgery | online bankruptcy attorneys | Business Tax | buy insurance | rehabilitation site | mortgage site | travel resources | law info | drug addiction recovery