Mortgage News Apr 2006

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Mortgage Rates Hit Highest Point in Nearly 4 Years
Thirty-year mortgage rates hit highest point in nearly 4 years. (Thu, 20 Apr 2006 19:27:21 GMT)

Mixed mortgage business challenges lenders
NEW YORK (MarketWatch) -- The real estate slowdown is taking a bite out of Citigroup, Wells Fargo, J.P. Morgan Chase and Wachovia as the blockbuster banks report their first-quarter results. (Thu, 20 Apr 2006 19:34:48 GMT)

Congressman Fattah Unveils 'First Front Door' $6 Million in Grants for Lower-Income Home Buyers
Congressman Chaka Fattah today joined with the Federal Home Loan Bank of Pittsburgh to unveil "First Front Door," which offers more than $6 million in grants for lower-income first time home buyers. (Thu, 20 Apr 2006 19:50:29 GMT)

Mixed mortgage business challenges lenders Thursday, April 20, 2006 7:47:18 PM http://www.afxpress.com
With the fed funds rate up near 5%, the cost of borrowing for banks has been increasing. As the 10-year Treasury note yield rises, mortgage defaults are more likely in another blow to banks (Thu, 20 Apr 2006 19:55:22 GMT)

Federal Home Loan Bank of New York Declares a 5.25% Dividend for the First Quarter of 2006
President's Report -- I am pleased to report that our Board of Directors has approved the dividend rate for the first quarter of 2006 of 5.25% . (Thu, 20 Apr 2006 20:26:00 GMT)

Comptroller warns about new mortgage products
WASHINGTON (MarketWatch) -- Nontraditional mortgage products that appear to save consumers money at first may wind up costing them a lot more later, a top U.S. economic official said Thursday. (Thu, 20 Apr 2006 20:57:21 GMT)

Royal Bank and Bank of Montreal raise mortgage rates
TORONTO (CP) - RBC Royal Bank (TSX:RY) and Bank of Montreal have 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 22:53:01 GMT)

Mortgage lending at highest since 2004
Mortgage lending reached £28.3bn last month, a record March figure and the highest in any month since July 2004, the Council of Mortgage Lenders said yesterday. (Fri, 21 Apr 2006 00:44:44 GMT)

Mortgage lending at highest since 2004
Mortgage lending reached £28.3bn last month, a record March figure and the highest in any month since July 2004. (Fri, 21 Apr 2006 02:00:18 GMT)

Diversification boosts banks' 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. (Fri, 21 Apr 2006 02:43:11 GMT)

Victims, duped into shady home-equity loans, discuss loss
PHILADELPHIA - Seven years after a contractor tore up her house without making the promised repairs, Zoraida Colon must still fork out $122 every month for a home-equity loan. (Fri, 21 Apr 2006 06:02:57 GMT)

Mortgage alarms
Mortgage rates on Thursday approached their highest level in almost four years, which some experts say could lead to increased foreclosures, slower home sales and a drop in housing prices as well as cause ripples throughout the economy. (Fri, 21 Apr 2006 06:53:42 GMT)

REAL ESTATE: High mortgage rates lead to slow sales
Spring is typically the busiest time of the year for home sales. But with mortgage rates rising and sales slowing, sellers find they have to work harder to get a sale. (Fri, 21 Apr 2006 07:21:32 GMT)

30-Year Mortgage Rate Climbs to 6.53%
Rates on 30-year, fixed-rate mortgages averaged 6.53% this week, up from 6.49% last week and the highest since the week ending July 12, 2002, mortgage company Freddie Mac said. (Fri, 21 Apr 2006 07:46:33 GMT)

Mortgage rates head up, up, up
Mortgage rates hit their highest point in almost four years this week, a move that is expected to slow home sales even more.* APS bills to increase* Home buying tools (Fri, 21 Apr 2006 11:02:46 GMT)

BoI raises all its fixed-rate loan rates
Bank of Ireland today said it had increased rates across its portfolio of home loan and residential investment loan fixed-rate products. "For example, our 1-year fixed has increased by 13 basis points (bps). This represents a rise of E17 per month on a 250,000 mortgage over 25 years. (Fri, 21 Apr 2006 12:19:27 GMT)

Mortgage rates head up, up, up
Mortgage rates hit their highest point in almost four years this week, a move that is expected to slow home sales even more.* APS bills to increase* Home buying tools (Fri, 21 Apr 2006 15:13:54 GMT)

Center, USDA partner to provide home-repair loans
LUMBERTON - There may be help for people who want to fix up their homes, but do not qualify for regular improvement loans. The Robeson County Church and Community Center is partnering with the U.S. Department of Agriculture Rural Development on a home repair loan program for low-income residents. (Fri, 21 Apr 2006 15:25:42 GMT)

National 'mortgage' paid off
PETER Costello will today pay off Australia's $96 billion national mortgage, and Government will no longer be a net borrower. (Fri, 21 Apr 2006 15:25:54 GMT)

Mortgage Billboard Illustrates What A Mortgage Provides
This billboard for mortgage company in Turkey has created a billboard that resembles a house. We'd call it quite a bit more interesting than your standard "Call East/West Mortgage for the lowest rates in town!" approach.... (Fri, 21 Apr 2006 16:26:45 GMT)

California's Largest Privately Owned Mortgage Broker Selects Maximizer Enterprise for Integration Capabilities
Diablo Funding Group links Maximizer Enterprise with Calyx lending system for integrated client management 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 (Fri, 21 Apr 2006 16:29:21 GMT)

Congressman Unveils $6 Million in Grants for Lower-Income Home Buyers
RISMEDIA, April 24, 2006—Congressman Chaka Fattah recently joined with the Federal Home Loan Bank of Pittsburgh to unveil "First Front Door," which offers more than $6 million in grants for lower-income first time home buyers. (Fri, 21 Apr 2006 17:45:54 GMT)

Fulton Bank Partners With City of Reading, Pennsylvania and Others to Provide Innovative Loan Fund for Small Businesses
Fulton Bank, the lead bank in Fulton Financial Corporation, has partnered with the City of Reading, the Federal Home Loan Bank of Pittsburgh and the Small Business Administration to create a new loan fund to benefit small businesses. This innovative initiative, the Reading Family Business Loan Program, will encourage businesses to locate within the City and will help established small and (Fri, 21 Apr 2006 18:16:00 GMT)

ebank To Launch Internet Based Mortgage Lending Subsidiary
ebank Financial Services, Inc. , the parent company of ebank, announced today that it has executed an agreement with Madison Mortgage Corporation to establish ebank Mortgage, LLC, an internet based mortgage lending operation. (Fri, 21 Apr 2006 19:00:00 GMT)

Mortgage rates highest since 2002
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. (Fri, 21 Apr 2006 19:12:09 GMT)

Mortgage lending hits record
Mortgage lending hit a record last month, providing further evidence that the housing market is entering the spring buying season in robust health. The Council of Mortgage Lenders said gross lending in March hit £28.3bn, up 26 per cent on February's £22.5bn. (Fri, 21 Apr 2006 19:13:49 GMT)

Ebank begins online mortgage division
Ebank Financial Services Inc. has a deal with Madison Mortgage Corp. to start an Internet-based mortgage-lending unit. (Fri, 21 Apr 2006 19:25:18 GMT)

Get Your Taxes and Mortgage Prepared in One Place - Announcing the Partnership of Vertical Lend, Inc and Sage Software
When you visit your Sage Accountant Network Advisor, you may have the opportunity to improve the terms on your mortgage. (Fri, 21 Apr 2006 20:18:00 GMT)

30-year mortgage rates still climbing
WASHINGTON — 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. (Fri, 21 Apr 2006 20:57:47 GMT)

Mortgage lender goes bankrupt; investors say they are 'stunned'
LAS VEGAS - Investors say they are stunned, angry and frustrated at Las Vegas-based USA Capital, a short-term mortgage lender that filed for bankruptcy protection last week. (Fri, 21 Apr 2006 23:16:39 GMT)

Fulton Bank Partners With City of Reading, Pennsylvania and Others to Provide Innovative Loan Fund for Small Businesses
Fulton Bank, the lead bank in Fulton FinancialCorporation (NASDAQ: FULT), has partnered with the City of Reading, theFederal Home Loan Bank (FHLBank) of Pittsburgh and the Small BusinessAdministration (SBA) to create a new loan fund to benefit small businesses.This innovative initiative, the Reading Family Business Loan Program, willencourage businesses to locate within the City and will help (Fri, 21 Apr 2006 23:26:48 GMT)

ebank To Launch Internet Based Mortgage Lending Subsidiary
ebank Financial Services, Inc. (BULLETIN BOARD: EBDC) , the parent company of ebank, announced today that it has executed an agreement with Madison Mortgage Corporation to establish ebank Mortgage, LLC, an internet based mortgage lending operation. (Fri, 21 Apr 2006 23:40:16 GMT)

It's Too Easy To Turn Home Into an A.T.M.
The last thing homeowners need now is the temptation to leverage themselves even further with home-equity credit cards, spending cash that ultimately might not be covered by their home's appreciating value. (Sat, 22 Apr 2006 05:09:22 GMT)

For most buyers, fixed mortgage is still best deal
If you are house hunting this spring, you should know what mortgage will best suit you. Mortgage rates have been rising and may well go up more. The market finally seems to be responding to the Federal Reserve's rate-hiking efforts following its 15th boost in short-term rates March 28. (Sat, 22 Apr 2006 07:31:21 GMT)

Topinka offers bridge loan for nursing home
Complete local and regional news, local business directory including restaurants, local classifieds and Central Illinois information. (Sat, 22 Apr 2006 08:03:31 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, 22 Apr 2006 10:28:25 GMT)

Mortgage, home all tangled up after refinancing
Q In 1998 we refinanced our home for extra cash to help a failing business. About two months after closing, we discovered all kinds of charges and a higher interest rate than had been disclosed. The mortgage company will go unnamed. (Sat, 22 Apr 2006 11:39:31 GMT)

Mortgage, home all tangled up after refinancing
Q In 1998 we refinanced our home for extra cash to help a failing business. About two months after closing, we discovered all kinds of charges and a higher interest rate than had been disclosed. The mortgage company will go unnamed. (Sat, 22 Apr 2006 12:09:20 GMT)

Marion Community Credit Union joins home loan program
MARION - Focusing on helping lower-income borrowers afford their first home, Marion Community Credit Union has joined the $1 billion nationwide mortgage-lending initiative, a news release states. (Sat, 22 Apr 2006 12:33:52 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, 22 Apr 2006 13:41:38 GMT)

Mortgage, home all tangled up after refinancing
Q In 1998 we refinanced our home for extra cash to help a failing business. About two months after closing, we discovered all kinds of charges and a higher interest rate than had been disclosed. The mortgage company will go unnamed. (Sat, 22 Apr 2006 13:57:09 GMT)

For most buyers, fixed mortgage is still best deal
If you are house hunting this spring, you should know what mortgage will best suit you. Mortgage rates have been rising and may well go up more. The market finally seems to be responding to the Federal Reserve's rate-hiking efforts following its 15th boost in short-term rates March 28. (Sat, 22 Apr 2006 14:41:48 GMT)

Tax form autopsy
(Linda Stern is a freelance writer. Any opinions in the column (Sat, 22 Apr 2006 15:08:56 GMT)

Fire Loan Mahoney To Sounders
The Seattle Sounders announced the signing of new goalkeeper David Mahoney on loan from Major League Soccer’s (MLS) Chicago Fire. A Cornell University graduate, Mahoney stepped up in key games for the Fire in 2005, carrying the team into the postseason. (Sat, 22 Apr 2006 15:49:28 GMT)

Mortgage, home all tangled up after refinancing
Q In 1998 we refinanced our home for extra cash to help a failing business. About two months after closing, we discovered all kinds of charges and a higher interest rate than had been disclosed. The mortgage company will go unnamed. (Sat, 22 Apr 2006 20:39:28 GMT)

Longer home loan terms cost borrowers dear
Behind-the-scenes changes at the banks have resulted in the usual length of a home loan increasing to 30 years. (Sat, 22 Apr 2006 21:48:37 GMT)

30-year mortgage rates hit new high
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. (Sat, 22 Apr 2006 23:25:04 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, 23 Apr 2006 01:11:28 GMT)

Buyer beware of adjustable rate mortgages
DENVER - Colorado leads the nation in the number of foreclosures and experts blame the problem on everything from the lackluster economy in the state to a reliance on the adjustable rate mortgages with low interest rates. (Sun, 23 Apr 2006 03:42:55 GMT)

Treasurer offers loan to LaHarpe's nursing home
LAHARPE - By Monday afternoon, administrators of the LaHarpe-Davier Health Care Center will know the fate of the facility's 34 residents and 50 employees. (Sun, 23 Apr 2006 03:48:57 GMT)

BankMuscat launches 'Baituna Home Loans'
In response to the rapid growth of the real estate market in the Sultanate, BankMuscat (SAOG), the nation's premier bank, has launched a suite of housing loan products. (Sun, 23 Apr 2006 04:14:54 GMT)

For most buyers, fixed mortgage is still best deal
If you are house hunting this spring, you should know what mortgage will best suit you. Mortgage rates have been rising and may well go up more. The market finally seems to be responding to the Federal Reserve's rate-hiking efforts following its 15th boost in short-term rates March 28. (Sun, 23 Apr 2006 04:41:39 GMT)

HOUSTON MORTGAGE MONITOR
(Sun, 23 Apr 2006 05:47:50 GMT)

30-year, fixed rate mortgage still the best for most buyers
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? (Sun, 23 Apr 2006 08:10:57 GMT)

Hot market fuels mortgage fraud
After 32 years at B.C.'s Land Titles office, Terry Dinnell now helps property owners monitor their land-title activity. Runaway housing prices and a highly competitive mortgage industry are contributing to a growing problem with mortgage fraud across the country, experts say. (Sun, 23 Apr 2006 08:21:54 GMT)

Mortgage option goes from unknown to uncommonly popular
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. (Sun, 23 Apr 2006 08:31:17 GMT)

Tap home equity for credit-card debt
Q: I'm considering whether to go with a home-equity loan or with a home-equity line of credit for about $35,000 to consolidate my credit-card debt. (Sun, 23 Apr 2006 08:34:05 GMT)

Mortgage rates up to 6.53%
WASHINGTON – Rates on 30-year mortgages marched up last week to their highest point in nearly four years, a factor that is taking some oomph out of the housing market. (Sun, 23 Apr 2006 10:36:18 GMT)

Q1 mortgage demand up in TA, Sharon, Jerusalem
Finehome: Demand for mortgages slumped in Netanya-Hadera and Ashdod-Ashkelon. (Sun, 23 Apr 2006 11:32:40 GMT)

Results for Mortgage
Mortgage Loans - LendingTree.com Competitive quotes from certified lenders. 95% customer satisfaction. www.lendingtree.com - sponsored listing Low-Rate Mortgage Loans - E-LOAN Lock-in low mortgage rates for new home purchases or refinancing in all 50 states. Get approval in minutes. (Sun, 23 Apr 2006 11:32:58 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. (Sun, 23 Apr 2006 11:38:26 GMT)

Save Tens of Thousands With Bi-Weekly Mortgage Payments
You've heard the hype about saving tens of thousands of dollars in interest by making bi-weekly mortgage payments, but did you know that you can achieve these savings without changing... (Sun, 23 Apr 2006 12:35:00 GMT)

Mortgage Trouble Said to Bring Scammers Calling
Some See Scammers Fleecing Homeowners Already in Trouble With Mortgage Payments (Sun, 23 Apr 2006 15:10:06 GMT)

Fayette County Woman Raped And Robbed During Home Invasion
SALTLICK TWP, PA -- State Police said a 66-year-old woman, who has multiple sclerosis, was raped and robbed during a home invasion in Saltlick Township early Sunday morning. (Sun, 23 Apr 2006 19:48:42 GMT)

Higher mortgage repayments follow tax cuts
BIG tax cuts in the May budget could force interest rates up half a per cent, leaving home owners paying higher mortgage repayments. (Sun, 23 Apr 2006 21:17:07 GMT)

Higher mortgage repayments follow tax cuts
BIG tax cuts in the May budget could force interest rates up half a per cent, leaving home owners paying higher mortgage repayments. Leading forecaster Access Economics fears tax cuts in next month's budget are unsustainable as the population ages and could worsen the massive current account deficit and force the Reserve Bank to lift interest rates. (Sun, 23 Apr 2006 23:03:38 GMT)

Investing with a Good Conscience
Money managers are offering more socially responsible options, and watchdogs can help you track of which companies are doing good (Mon, 24 Apr 2006 03:19:30 GMT)

Washington Mutual to buy Commercial Capital
Washington Mutual, Inc. , the largest U.S. savings and loan, on Sunday said it agreed to buy Commercial Capital Bancorp, Inc. to strengthen its commercial and retail banking business in a deal valued at around $983 million. (Mon, 24 Apr 2006 03:23:34 GMT)

Washington Mutual to buy Commercial Capital at $983 mln
Washington Mutual, Inc., the largest U.S. savings and loan, on Sunday said it agreed to buy out Commercial Capital Bancorp, Inc. for $983 million to strengthen its commercial and retail banking business. (Mon, 24 Apr 2006 04:37:37 GMT)

Federal Trust takes steps to grow assets to $1B
SANFORD -- A home-grown savings and loan has set its sights on a big goal: growing to $1 billion in assets. (Mon, 24 Apr 2006 05:01:01 GMT)

Strapped owners have options to avert foreclosure
It's the phone call that every homeowner dreads. (Mon, 24 Apr 2006 08:25:48 GMT)

Bank rates
Major Michigan financial institutions were surveyed last week to determine the interest rates they charge for loans, and APYs they pay for savings deposits. Rates were quoted as of Friday. APYs on deposit accounts are based on the minimum amount to open the account. CD yields are fixed-interest rate offers only. New car loan rates apply to a $20,000 loan for 5 years. Home equity line and loan (Mon, 24 Apr 2006 08:53:43 GMT)

S&P Upgrades eBay, Boosts Google
Plus: Gentex is raised to hold, and analyst comments on China Mobile's results, and more (Mon, 24 Apr 2006 08:57:31 GMT)

Mortgage lending growth near 2-year high
LONDON (Reuters) - Underlying mortgage lending growth jumped in March to its highest in nearly two years, the British Bankers' Association said on Monday, in data that suggested the housing market remains buoyant. (Mon, 24 Apr 2006 08:59:44 GMT)

(AFX UK Focus) 2006-04-24 10:08 GMT: UK mortgage approvals surge to 5.64 bln stg in March, highest since 1988
LONDON (AFX) - UK mortgage approvals surged in March to their highest levels since 1988, suggesting that the UK housing market remains very buoyant, figures from the Building Societies Association showed. (Mon, 24 Apr 2006 09:40:51 GMT)

March mortgage lending rise biggest in 2 years
LONDON (Reuters) - Underlying mortgage lending rose by its biggest amount in nearly two years in March, the British Bankers' Association said on Monday, which suggests the housing market remains buoyant. (Mon, 24 Apr 2006 09:44:37 GMT)

Mortgage lending rises despite debt fears
Lending and savings figures for March published today suggest that consumers are cutting down on unsecured borrowing and putting more cash on deposit while taking on increasing levels of mortgage debt. (Mon, 24 Apr 2006 10:14:04 GMT)

Road to affordable home has many bumps Oakland services give first-time buyers a leg up
OAKLAND — When the city required that 10 percent of the new condos, lofts and town homes in the vast Central Station development on Wood Street be earmarked for first-time home buyers, (Mon, 24 Apr 2006 10:14:19 GMT)

Mortgage lending rises despite debt fears
Money: March figures suggest consumers are putting more cash on deposit while taking on higher mortgage debt. (Mon, 24 Apr 2006 10:19:53 GMT)

March proves to be another record lending month for UK mortgage market
Gross mortgage lending in March reached GBP28.3 billion - an increase of 26% on the previous month, according to the latest data from the Council of Mortgage Lenders (CML). This is the highest March lending figure on record and is 34% higher than the GBP21.2 billion lent in March 2005. (Mon, 24 Apr 2006 10:29:10 GMT)

Mortgage lending rises despite debt fears
Figures for March suggest consumers are cutting down on unsecured borrowing but taking on more mortgage debt. (Mon, 24 Apr 2006 10:29:40 GMT)

Mortgage lending rises
Consumers take on increasing levels of mortgage debt. (Mon, 24 Apr 2006 10:36:12 GMT)

Mortgage lending surges in March
LONDON (SHARECAST) - Britain’s consumers are beginning to pay off their credit card debts, according to the latest survey but are also looking to take on even more as mortgage lending goes through the roof. (Mon, 24 Apr 2006 10:56:51 GMT)

Low-Cost Loan for Homeowners
- www.loans4homeowners.co.uk Looking for a low rate loan? Homeowner Loans over £10,000. Visit the Loans4 Web site now to see which loan you qualify for. Quick decision. UK homeowners only. (Mon, 24 Apr 2006 10:57:32 GMT)

iGate buys 5 pct stake in U.S. mortgage company
MUMBAI, April 24 (Reuters) - India's iGate Global Solutions Ltd. said on Monday it was picking up a 5 percent stake in U.S.-based mortgage origination company Loan Pro LLC for an "insignificant" sum. (Mon, 24 Apr 2006 11:35:38 GMT)

Advice From Top Real Estate Agents: Use the Internet to Do Your Homework to Find the Perfect Home and Dream Neighborhood
In a unique conference call with consumers coast to coast, two top-producing real estate agents -- Laura Dickenson from Brentwood, Tenn., and Don Allard from the Minneapolis, Minn., area -- minced no words to would-be home buyers and sellers: rapidly emerging real estate technology can help you find your next dream home, and also increase the chances of selling your home faster by showcasing it (Mon, 24 Apr 2006 12:15:00 GMT)

Mortgage, home all tangled up after refinancing
Q In 1998 we refinanced our home for extra cash to help a failing business. About two months after closing, we discovered all kinds of charges and a higher interest rate than had been disclosed. The mortgage company will go unnamed. (Mon, 24 Apr 2006 12:24:50 GMT)

USDA low-interest home loans make home-buying affordable
OTSEGO COUNTY - Otsego County residents in need of a loan to either buy a home or repair their own have found help from the U.S. Dept. of Agriculture (USDA). (Mon, 24 Apr 2006 12:46:41 GMT)

James C. Sheridan
James C. Sheridan, 83, of Manhasset, died peacefully at home on April 15, 2006, following a courageous battle with metastatic cancer. Mr. Sheridan retired as Senior Vice President and Loan Originator of the Apple Savings Bank. (Mon, 24 Apr 2006 12:49:06 GMT)

Long-Term Loan Rates Edge Still Higher
Home shoppers, who've caught a break lately with moderating appreciation rates and ballooning inventory, got smacked by reality this week. (Mon, 24 Apr 2006 15:27:55 GMT)

Realty costs set to soar
India's biggest home loan financer HDFC, is all set to raise home loan rates, now that the credit policy has given the cue it was waiting for. "We are reviewing decision by end of this week," said Renu Karnad, Executive Director, HDFC. (Mon, 24 Apr 2006 16:00:35 GMT)

Burglars Hit Salinas Home
Three burglars stormed a Salinas home over the weekend, police reported. (Mon, 24 Apr 2006 16:15:22 GMT)

30-year, fixed rate mortgage still the best for most buyers
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? (Mon, 24 Apr 2006 16:25:19 GMT)

Ask the AG: Be wary of mortgage foreclosure 'rescues'
Consumer: I'm behind on my house payments. I've seen advertisements around my neighborhood for businesses that will help you avoid foreclosure. Can I trust these companies? (Mon, 24 Apr 2006 16:30:48 GMT)

Mortgage defaults on rise in West, Southwest
Mortgage foreclosure activity in the first quarter of 2006 increased significantly from the fourth quarter of 2005 in several western and southwestern housing markets, according to a report released Monday. (Mon, 24 Apr 2006 16:33:59 GMT)

Unchanged cash rate may hit home loans
Prospective home buyers and those looking to refix their mortgages may face higher interest rates if the Reserve Bank leaves the official cash rate unchanged on Thursday. (Mon, 24 Apr 2006 17:16:38 GMT)

Money Q&A: Creative financing is over
MEG GREEN Q: Last spring I bought a 2/2 condo with an 80-10-10 mortgage. The 80 percent ($127,000) is fixed, interest-only, at 5.85 percent for five years, and the other 10 percent ($15,900) home equity line of credit is currently at 8.3 percent. I don't plan on staying at this condo past the five years, but can it still be economical to refinance? Also, should I refinance before or after the (Mon, 24 Apr 2006 18:19:03 GMT)

Trump's mortgage company to focus on Florida
Donald Trump's latest venture, Trump Mortgage, plans to aggressively seek market share in Florida, including at least six offices statewide and acquisitions of smaller mortgage businesses. (Mon, 24 Apr 2006 18:33:16 GMT)

Freddie Mac Steps Up Mortgage Purchases
Freddie Mac took advantage of cheaper valuations in March to boost its holdings of mortgage bonds for the second month in a row. (Mon, 24 Apr 2006 18:41:50 GMT)

Freddie Mac Steps Up Mortgage Purchases
Freddie Mac took advantage of cheaper valuations in March to boost its holdings of mortgage bonds for the second month in a row. The housing agency's retained, or investment, portfolio rose $10.09 billion to $715.4 billion, for an annualized rate of growth of 17.2 percent. (Mon, 24 Apr 2006 18:50:29 GMT)

30-year mortgage average rises to 6.53%
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. (Mon, 24 Apr 2006 19:01:28 GMT)

Freddie Mac Steps Up Mortgage Purchases
NEW YORK (AP) - Freddie Mac took advantage of cheaper valuations in March to boost its holdings of mortgage bonds for the second month in a row. The housing agency's retained, or investment, portfolio rose $10.09 billion to $715.4 billion, for an annualized rate of growth of 17.2 percent. That brought growth for the first three months of the year to 3.0 percent. Freddie sought to take advantage (Mon, 24 Apr 2006 20:08:37 GMT)

Repco Home net up
CHENNAI: Repco Home Finance, a subsidiary of public sector enterprise Repco Bank, has reported an increase in net profit at Rs. 6.30 crore in 2005-06 from Rs. 3.48 crore in 2004-05. The operating income stood at Rs. 27.47 crore against Rs. 17.54 ... (Mon, 24 Apr 2006 20:30:04 GMT)

Rhode Island Housing Offers 40-Year Mortgage
House hunters looking to buy their first home in Rhode Island have a new option to consider. Rhode Island Housing , the agency that helps low- and moderate-income buyers find homes, is now offering a 40-year mortgage. (Mon, 24 Apr 2006 21:12:29 GMT)

Why refinancing a mobile home is almost impossible
DEAR BOB: About 10 years ago I bought a mobile home and have been paying the bank 10 percent interest on my loan. I want to refinance to lower my interest rate and payments. But the bank will only loan me what I owe and they will lower my interest rate to just 8 percent. I thought home loans were around 6 percent or less. Also, shouldn't I be able to borrow what I originally owed? -- Terry W. (Mon, 24 Apr 2006 21:38:13 GMT)

SBI heat on home loans
New Delhi, April 24 : The State Bank of India (SBI) is exploring the possibility of raising home loan rates by 25-50 percentage points. (Mon, 24 Apr 2006 21:40:03 GMT)

Should you consider a home mortgage with a prepayment penalty?
Prepayment penalty clauses in real estate mortgage loans have made a comeback over the past few years. In the early 80s, Fannie Mae and Freddie Mac, the two largest purchasers of real estate loans from lenders, eliminated prepayment penalties on their loans. Most other conventional lenders followed. (Mon, 24 Apr 2006 21:40:30 GMT)

Five Georgia Men Indicted for Mortgage Scam
RISMEDIA, April 25, 2006—(KRT)—Fifteen people have been indicted by a federal grand jury for a mortgage fraud scheme that involved dozens of metro Atlanta homes, the U.S. attorney's office said Wednesday. (Mon, 24 Apr 2006 22:15:26 GMT)

S&P Cuts Oracle, Boosts Research in Motion
Plus: Analysts upgrade TD Ameritrade and PMC-Sierra, downgrade Technical Olympic USA, and comment on other stocks in the news (Mon, 24 Apr 2006 22:59:35 GMT)

Mortgage jump dampens rate hopes
The biggest jump in mortgage lending since the peak of the housing boom yesterday provided the strongest signal yet that the housing market is reheating. (Mon, 24 Apr 2006 23:11:46 GMT)

Mortgage lending grows at fastest rate for two years
UNDERLYING mortgage lending growth jumped to its fastest rate for almost two years in March, indicating that the recovery of the UK's housing market remains strong. (Tue, 25 Apr 2006 02:00:11 GMT)

Too young for a home loan?
Financial expert Devang Shah says one is never too young for a home loan. However, there are certain questions you need to answer first. (Tue, 25 Apr 2006 03:41:48 GMT)

U.S. Consumer Confidence, Home Sales Probably Fell, Survey Says
April 25 (Bloomberg) -- Consumer confidence in the U.S. probably fell in April from the highest level in almost four years and home sales declined in March, suggesting slower economic growth in coming months, economists forecast two reports to show today. (Tue, 25 Apr 2006 04:33:34 GMT)

Easing Cendant's Bumpy Road
The news that the company is considering selling its travel services business cheered investors. The move came after some potential buyers came calling (Tue, 25 Apr 2006 04:50:10 GMT)

Nice Work If You Can Hear It
An enjoyable new audiobook on silly jobs is well worth the money -- if you can find the right place to listen to it (Tue, 25 Apr 2006 04:51:20 GMT)

Home Credit provides loans worth CZK 1.27 billion, down 18 percent
Prague, April 24 (CTK) - Home Credit, one of the largest companies on the Czech hire-purchase market, financed purchases worth CZK 1.272 billion in the first quarter of 2006, a decline of 18 percent against the same period last year, spokeswoman Andrea Dobsikova told CTK today. (Tue, 25 Apr 2006 06:28:19 GMT)

SBI to hike home loan rates
State Bank of India may hike home loan rates by 25-50 basis points, chairman AK Purwar said on Monday. (Tue, 25 Apr 2006 06:52:59 GMT)

Mortgage, home all tangled up after refinancing
Q In 1998 we refinanced our home for extra cash to help a failing business. About two months after closing, we discovered all kinds of charges and a higher interest rate than had been disclosed. The mortgage company will go unnamed. (Tue, 25 Apr 2006 07:09:10 GMT)

Building a home one family at a time
Elsa Parra is looking forward to the day when she and her three children can move out of her mother's house and into their own home. (Tue, 25 Apr 2006 07:11:40 GMT)

Refinancing A Home Mortgage: How To Qualify For the Best Rate
Knowing how to qualify for the best rate when refinancing your mortgage is critical for your family's financial health. What steps can you take to ensure that you are getting the best interest rate? (PRWEB Apr 25, 2006) Trackback URI: http://www.prweb.com/dingpr.php/Q291cC1TdW1tLUVtcHQtU3VtbS1IYWxmLVplcm8= (Tue, 25 Apr 2006 07:17:14 GMT)

Malaysian national mortgage firm appoints new CEO
KUALA LUMPUR, April 25 (Reuters) - Malaysia's national mortgage firm, Cagamas Bhd, said on Tuesday it had appointed Steven Choy as chief executive officer with effect from April 24, replacing N. Kokularupan. (Tue, 25 Apr 2006 09:52:13 GMT)

Check numbers before refinancing mortgage
Prepayment penalty and closing costs will make it expensive, says Dr. Don. (Tue, 25 Apr 2006 10:00:00 GMT)

'Things' are taxing enough without bonds
Sports columnist Mike Bianchi called me Chicken Little in his Sunday column. Talk about a cheap shot, not to mention a cheap cliche. (Tue, 25 Apr 2006 10:33:52 GMT)

Silver State Mortgage Awards DynTek Voice-over-IP Contract
DynTek, Inc. , a leading provider of professional technology services, announced today that Silver State Mortgage, based in Las Vegas, Nevada, has awarded the company a significant contract for Voice-over-IP products and services. (Tue, 25 Apr 2006 11:30:00 GMT)

Check numbers before refinancing mortgage
Dear Dr. Don, The current mortgage on my home is an ARM based on the Certificate of Deposit Index (CODI). It has a prepayment penalty of $1,700 if I refinance before July of 2007. I am debating on refinancing at my credit union with a 5/1 ARM at 5.625 percent, but I am not sure if that would be in my best interest. (Tue, 25 Apr 2006 11:32:45 GMT)

Record Month for March Home Sales in Illinois
Total home sales statewide in March outperformed all previous years and set a new record for the month, according to the Illinois Association of REALTORS® latest report. Total homes sales were up 4.9 percent to 14,907 homes sold, compared to the previous record-high 14,207 homes sold in March 2005. (Tue, 25 Apr 2006 11:56:00 GMT)

Refinancing A Home Mortgage: How To Qualify For the Best Rate
Irvine, CA (PRWEB) April 25, 2006 -- How do you qualify for the best interest rate? (Tue, 25 Apr 2006 12:00:00 GMT)

1st Metropolitan Mortgage Improves IT Capabilities
CHARLOTTE, N.C.----April 25, 2006--1st Metropolitan Mortgage, a division of Empire Equity Group, announced it has expanded its information technology proficiency through its Empire Data Access Center and interactive marketing initiatives. (Tue, 25 Apr 2006 12:01:00 GMT)

PMI Launches New Mortgage Comparison Tool
WALNUT CREEK, Calif.----April 25, 2006--Realtors and mortgage brokers have a new resource in PMI's eCompare Calculator, a new, web-based tool that facilitates a side-by-side comparison of mortgage options. (Tue, 25 Apr 2006 12:01:00 GMT)

Goldman Sachs Commercial Pumps $93M Into Developer's Till
DALLAS-It took only 49 days start to finish, but a Northeastern Ohio developer has secured $93 million of fresh capital from locally based Goldman Sachs Commercial Mortgage Capital LP. The collateral for the 10-year, non-recourse loan is the Strip, 788,511 sf of "ground zero" retail in Canton, OH. (Tue, 25 Apr 2006 12:07:56 GMT)

Mortgage, home all tangled up after refinancing
Q In 1998 we refinanced our home for extra cash to help a failing business. About two months after closing, we discovered all kinds of charges and a higher interest rate than had been disclosed. The mortgage company will go unnamed. (Tue, 25 Apr 2006 12:24:10 GMT)

NY Spitzer to announce mortgage fraud ring case
New York Attorney General Eliot Spitzer and state Banking Superintendent Diana Taylor on Tuesday said they will announce "the dismantling of a massive mortgage fraud ring" later on Tuesday. (Tue, 25 Apr 2006 14:26:08 GMT)

Standard & Poor's cuts rating on Czech gaming firm Sazka to 'B' from'B+'
PRAGUE. APRIL 25. INTERFAX CENTRAL EUROPE - Ratings agency Standard & Poor's (S&P) has lowered its long-term corporate credit rating on the Czech gaming firm Sazka to 'B' from 'B+' while assigning its 'B' rating to the proposed EUR 215 mln senior secured bonds, due to refinance of the existing EUR 175 mln bonds, S&P announced Tuesday. (Tue, 25 Apr 2006 15:50:32 GMT)

Donations keep nursing home open
Nearly $150,000 will enable LaHarpe facility to dodge Medicaid bullet. LaHARPE, Ill. — A nursing home here that was at risk of becoming collateral damage from a political fight over distribution of money to cover the state of Illinois' Medicaid obligations will remain open. (Tue, 25 Apr 2006 15:53:28 GMT)

Silver State Mortgage Awards DynTek Voice-over-IP Contract
DynTek, Inc. (BULLETIN BOARD: DYTK) , a leading provider of professional technology services, announced today that Silver State Mortgage, based in Las Vegas, Nevada, has awarded the company a significant contract for Voice-over-IP products and services. (Tue, 25 Apr 2006 15:56:16 GMT)

Federal Home Loan Bank of Des Moines Webcast Announcement
The Federal Home Loan Bank of Des Moines announced today that an upcoming presentation of its President and CEO will be available through a webcast. Randy Newman, Chairman, Board of Directors and Neil Fruechte, Acting President will be speaking at the Bank's Annual Conference in Des Moines, Iowa on Tuesday, April 25, 2006 and his remarks will be streamed on the Bank's website at www.fhlbdm.com. (Tue, 25 Apr 2006 16:03:52 GMT)

Consumer confidence unexpectedly rises
Consumer confidence in the U.S. economy unexpectedly rose in April to the highest in four years, as an improving labor market helped Americans overcome concerns about near-record gasoline prices. (Tue, 25 Apr 2006 16:17:10 GMT)

Service tax hits home loans
The additional burden of service tax on builder flats has become the latest irritant in the field of housing finance. People seeking home loans are now required to pay a hefty service tax in addition to the cost of the land and building, stamp duty and registration charges. (Tue, 25 Apr 2006 16:44:19 GMT)

China to provide loan to procure equipment for law enforcers
The Chinese government will provide interest free loan of RMB Yuan 50 million to Bangladesh for procurement of equipment for the capacity building of its law enforcing agencies, reports UNB. (Tue, 25 Apr 2006 16:47:38 GMT)

Brazil Lending Jumps in March on Lula's Mortgage Plan (Update2)
April 25 (Bloomberg) -- Brazilian bank lending rose in March at the fastest pace in three months as declining interest rates and government steps to spur home ownership and housing construction led to a surge in mortgage loans. (Tue, 25 Apr 2006 18:35:00 GMT)

FSBO Media Holdings Inc to Acquire Mortgage Company
FSBO Media Holdings, Inc. (OTC: FSMH)announced today that it has entered into a definitive agreement to acquireprivately held Ubuy Mortgage Corporation. Ubuy Mortgage is an establishedcorrespondent lender with corporate offices located in Coral SpringsFlorida. Ubuy Mortgage has been providing residential and commercialmortgage brokerage for over 3 years. The acquisition of the mortgagecompany (Tue, 25 Apr 2006 18:54:24 GMT)

Mortgage banker IndyMac enjoys strong first quarter
Mortgage lender IndyMac Bancorp Inc. announced record quarterly mortgage production of $20 billion. (Tue, 25 Apr 2006 19:07:10 GMT)

NY's Spitzer indicts 8 on mortgage fraud
The New York Attorney General and the state's banking department on Tuesday announced the indictments of eight individuals who allegedly participated in a scheme that defrauded residential mortgage lenders of "tens of tens of millions of dollars" over the past five years. (Tue, 25 Apr 2006 19:35:30 GMT)

Ambassadors International, Inc. Acquires First Preferred Ship Mortgage on the Columbia Queen
Ambassadors International, Inc. announced today that its wholly-owned subsidiary, Ambassadors Cruise Group, LLC has acquired the first preferred ship mortgage on the vessel, Columbia Queen, from the United States of America acting through the U.S. (Tue, 25 Apr 2006 19:56:00 GMT)

GHB lifts rates a full point
The Government Housing Bank, the country's largest home mortgage lender, is increasing its prime lending rates by a full percentage point today. President Khan Prachuabmoh said the state bank was forced to raise its interest rates as its funding costs had risen steadily in recent months. (Tue, 25 Apr 2006 20:08:57 GMT)

NY's Spitzer Indicts 8 on Mortgage Fraud
New York Attorney General and the state's banking department indict 8 on mortgage fraud. (Tue, 25 Apr 2006 20:12:20 GMT)

Don't rush into fixed-rate mortgage, experts suggest as rates rise
TORONTO (CP) - Tuesday's rise in variable mortgage rates will have some homeowners looking to lock in their rates, but experts say not to be hasty. It could be just a blip. (Tue, 25 Apr 2006 20:41:00 GMT)

GMAC Commercial Mortgage completes financing on 2 multifamily deals
GMAC Commercial Mortgage Corp.'s Birmingham office has arranged acquisition financing for two multifamily properties, one in Dothan and one in Winston-Salem, N.C. The loans total nearly $25 million. (Tue, 25 Apr 2006 22:36:17 GMT)

30-year, fixed rate mortgage still the best for most buyers
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? (Tue, 25 Apr 2006 22:55:25 GMT)

Weekly Home Loan Report: 19th - 26th April, 2006
Rates quiet, some upward pressure applied. The home loan rate market has gone very quiet in the past week with very few changes to report. (Tue, 25 Apr 2006 23:17:37 GMT)

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