Mortgage News May 2006

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Bank chief takes out mortgage with rival
THE head of Barclays has snubbed his own bank and taken out a mortgage with one of its main rivals, it emerged yesterday. (Mon, 01 May 2006 00:12:45 GMT)

The plan: Pay off debt and save, save, save
Financial planner Mari Adam has praise for Gabriel Gonzalez and Cindy Cruz's early steps toward money management. "You're in good shape overall compared with others your age," she says. (Mon, 01 May 2006 01:42:10 GMT)

Housing fund raises mortgage loan rate to 4.14%
Homeowners will have larger mortgage repayments when they return from their May Day holidays as a leading lender has raised its interest rate. (Mon, 01 May 2006 03:11:30 GMT)

Mortgage firm to add 250 in Howard County
Castle Point Mortgage Inc. is expanding in Howard County and plans to add at least another 250 employees. (Mon, 01 May 2006 04:13:18 GMT)

Big decline in mortgage lending cuts into banks' earnings
The cooling mortgage lending market has resulted in a decrease in loan applications by more than 50 percent for local independent mortgage companies and a consolidation of home loan offices at bigger banks. (Mon, 01 May 2006 05:12:50 GMT)

A Comprehensive Guide to M-H Mortgage Banking (C - F)
$46.75 million refinance; 212-unit condo; San Francisco; closed June 2003. $36.6 million; portfolio of nine apartment buildings in various locations; permanent; closed June 2002. (Mon, 01 May 2006 06:06:06 GMT)

TIP DU JOUR: Parents can get loan for college
Federal loans are a reality for most people paying for college. But students and parents often discover that the borrowed amount still won't cover everything. Some people opt to use credit cards or get a home equity loan/line of credit to make up the difference. (Mon, 01 May 2006 07:23:06 GMT)

China housing fund ups individual mortgage rates
SHANGHAI - China's public housing fund has raised its mortgage rates for individual house buyers by 18 basis points effective from May 8, the official Xinhua news agency said on Saturday. (Mon, 01 May 2006 07:33:01 GMT)

Dubai property law prompts more banks to offer lucrative mortgage deals
The Dubai property law, slated to come into effect in May is prompting local and overseas banks to offer lucrative mortgage deals that could ignite a fierce competition in the market. (Mon, 01 May 2006 08:03:14 GMT)

PGE Enters Agreement to Sell $275 Million in Bonds to Investors
PORTLAND, Ore.----May 1, 2006--Portland General Electric announced today that on Tuesday, April 25, 2006, Portland General Electric and certain institutional buyers in the private placement market entered into an agreement under which PGE will sell and the buyers will purchase $275 million of PGE's First Mortgage Bonds. (Mon, 01 May 2006 09:00:00 GMT)

Borrower wants to get out of piggyback loan
You might want to switch from HELOC to home equity loan, says Dr. Don. (Mon, 01 May 2006 10:00:00 GMT)

MORTGAGE TERMS YOU SHOULD KNOW
MORTGAGE TERMS YOU SHOULD KNOW Mortgagor: The borrower. Mortgagee: The lender. ARM (Adjustable rate mortgage): A loan in which the interest rate may fluctuate, increasing or decreasing, during the course of the loan. (Mon, 01 May 2006 10:06:20 GMT)

What documents you need when buying, refinancing home
KEY DOCUMENTS WHEN BUYING A HOME Truth-in-lending disclosure statement: Shows the interest rate and other basic terms of loan. Mortgage: States amount borrowed, length of loan and gives the lender the right to repossess the property if the borrower fails to pay off the loan; document is filed with the county. (Mon, 01 May 2006 10:06:50 GMT)

Grand Theft Mortgage Leads; Mortgage News From MortgageDaily.com
Mortgage leads have become such a hot commodity that two mortgage brokers have resorted to stealing them, according to coverage from MortgageDaily.com , a dominant source of online news for the mortgage industry. (Mon, 01 May 2006 11:00:00 GMT)

NetBank, Inc. Pursues Possible Sale of its Mortgage Servicing Platform and Asset
NetBank, Inc. , a diversified financial services provider and parent company of NetBank , today announced a plan to sell its mortgage servicing platform along with most of its portfolio of mortgage servicing rights. (Mon, 01 May 2006 11:30:00 GMT)

Borrower wants to get out of piggyback loan
Dear Dr. Don, When we purchased a home in September 2005, we had a down payment of 10 percent, a fixed 30-year loan for 80 percent and the remaining 10 percent was financed with a HELOC. My question is, at what time, if possible, can I add the HELOC to the 80 percent fixed? (Mon, 01 May 2006 11:36:14 GMT)

National Bank of Dubai kicks off home loan promotion
National Bank of Dubai today announced the launch of the bank's latest home loan promotion, offering customers a chance to win every time they take out a loan from NBD. (Mon, 01 May 2006 11:50:11 GMT)

Schools' refinancing questioned
A growing number of schools and community colleges in California are refinancing voter-approved bonds to raise extra cash, a practice many financial experts say puts an additional burden on taxpayers and may violate state law. (Mon, 01 May 2006 11:54:23 GMT)

Vital Signs: The Jobs Machine Chugs Along
Federal Reserve chairman Ben Bernanke put the financial markets in a tizzy during his appearance before Congress' Joint Economic Committee on April 27. Bernanke strongly telegraphed to the markets that the Fed was ready to sit on its hands, after an expected quarter-point rate hike on May 10, in order to see how the economy is digesting previous moves. (Mon, 01 May 2006 12:08:41 GMT)

Need a Bad Credit Mortgage Refinance Loan? Pre-Qualify Your Mortgage Lender
Costa Mesa, CA (PRWEB) May 9, 2006 -- "Bad credit mortgage refinance lenders offering low rates and fees are easier to find that most people think," stated Keith Murphy, president of Statewide Funding, Inc. (Tue, 09 May 2006 12:00:00 GMT)

Loan demand dips as 30-year mortgage rate hits 6.61%, highest since 2002
Mortgage applications fell last week as fewer people sought to refinance as interest rates hit their highest this year, an industry trade group said Wednesday. (Wed, 10 May 2006 14:12:00 GMT)

Mortgage applications drop in week
Mortgage applications in the U.S. fell last week by the most since February as higher borrowing costs slowed purchases and pushed refinancing to its lowest level this year. (Thu, 11 May 2006 09:56:45 GMT)

Refinance Home Loan Quotes
E-LOAN: Mortgage and Home Equity Loans E-LOAN offers mortgage, refinance, and home equity loans at great rates. Apply today and get approved in minutes. No lender fees mean you save more. Experience E-LOAN's great service today. (Thu, 11 May 2006 23:48:04 GMT)

Federal Home Loan Bank of Des Moines Files Form 10 with SEC
The Federal Home Loan Bank of Des Moines announced today that it has filed a Form 10 Registration Statement with the Securities and Exchange Commission. The Bank's Registration Statement includes its financial statements for the year ending December 31, 2005 and reflects the restatement of previously reported financial results for years 2001 through 2004. (Fri, 12 May 2006 18:24:58 GMT)

Reddy warns banks on home loan NPAs
Reserve Bank of India Governor YV Reddy (pictured) has cautioned commercial banks against rising non-performing assets (NPAs) in their home loan portfolios with the rise in interest rates. (Fri, 12 May 2006 18:51:47 GMT)

'Defaults in home loan may go up with rising rates'
Rising interest rates may increase the risk of home loan defaults, leading to huge losses to the banking sector, RBI governor YV Reddy said. (Fri, 12 May 2006 19:56:59 GMT)

Playing mortgage roulette
Thousands of Denver homeowners gambled on adjustable rate mortgage loans three years ago. Now those bets are coming up short. These homeowners are facing the hard truth that their ARM mortgage payments are going up several hundred dollars more each month as their rates adjust skyward. (Fri, 12 May 2006 22:23:04 GMT)

Secretary of state can check mortgage company's status
Question: I learned that the mortgage company I used to refinance my home had its license revoked. Therefore, my mortgage may have been processed illegally. (Sat, 13 May 2006 03:07:27 GMT)

NH foreclosures up; mortgage rates drop
Homeowners struggling with high housing prices and increasing interest rates are finding it difficult to make their mortgage payments and seeing banks foreclose on their homes. (Sat, 13 May 2006 04:13:32 GMT)

Mortgage rates decline on employment report
Rates on 30-year mortgages edged down this week, the first decline after six straight increases, according to a nationwide survey. Mortgage giant Freddie Mac reported Thursday that rates on 30-year fixed-rate mortgages averaged 6.58 percent, down from 6.59 percent last week, which had been the highest level in nearly four years. (Sat, 13 May 2006 17:02:34 GMT)

50-year mortgage could be answer
Those struggling to afford a home may be wondering how long their mortgage payments can be stretched out. The new answer: a half-century. (Sat, 13 May 2006 20:52:27 GMT)

Mortgage fraud to be topic of June symposium
Mortgage fraud has a different face than it did in years past. As technology has advanced, so has the number of ways people can try to dupe the system. (Sun, 14 May 2006 02:17:06 GMT)

Carefully calculate costs when eyeing refinancing
Considering refinancing an adjustable-rate mortgage? Before you do: Check your credit report for errors. Check in with your lender first. With declining home values, confirm before you pay fees that... (Sun, 14 May 2006 04:56:57 GMT)

HOUSTON MORTGAGE MONITOR
INDIVIDUAL LENDER RATES The mortgage interest rate list represents a sampling of rates as quoted by lenders in the Houston market on Friday. Rates, which may change on Monday, are for 90 percent loans and do not include origination fees. The numbers in parentheses after the rates are discount points. A point is equal to 1 percent of the loan amount (Sun, 14 May 2006 05:43:39 GMT)

State may regulate mortgage brokers
For who knows how long, Colorado has stood practically alone. (Sun, 14 May 2006 07:04:24 GMT)

REFINANCE.COM Launches New Website
Refinance.com A Free Online Comparison Portal (PRWEB May 14, 2006) Trackback URL: http://www.prweb.com/chachingpr.php/RW1wdC1TdW1tLVByb2YtRmFsdS1IYWxmLVplcm8= (Sun, 14 May 2006 07:14:10 GMT)

Home loan creations fall
CHICAGO – Rising U.S. interest rates pushed home buyers toward fixed-rate mortgages in the second half of last year and will cut total home loan creation by 17 percent this year. (Sun, 14 May 2006 07:17:29 GMT)

Equity grab from reverse mortgage holds widow hostage
If you want to understand just how toxic a home mortgage can get, consider this real-life saga: Katherine Stephens is 94 and a widow, living... (Sun, 14 May 2006 07:26:43 GMT)

Get Free At Home Estimates
Home Improvement Loan Wholesale lender offers low competitive rates for home equity loans, home improvement loans and equity lines of credit. Apply online today in 20-seconds. Fast closings. (Sun, 14 May 2006 07:33:24 GMT)

Is 50 Years Too Long for a Mortgage?
as prices show no signs of coming down , and many of us have wondered how to stretch an already tight budget. N ow some mortgage lenders believe they might offer relief to home buyers in the way of fifty year loans. (Sun, 14 May 2006 07:57:26 GMT)

REFINANCE.COM Launches New Website
New York, NY (PRWEB) May 12,2006 -- Refinance. (Sun, 14 May 2006 12:00:00 GMT)

Mortgage interest rate again down slightly
The linked mortgage rate has fallen 0.09% since the beginning of February. (Sun, 14 May 2006 12:02:42 GMT)

St. Bernard Parish to seek OK for parish loan program
St. Bernard Parish's Home Mortgage Authority passed a resolution Thursday to proceed with a low-interest loan program to help parish residents rebuild, a parish news release said. The issue will go before the State Bond Commission in July. (Sun, 14 May 2006 14:04:01 GMT)

Mortgage fraud to be topic of June symposium
Mortgage fraud has a different face than it did in years past. As technology has advanced, so has the number of ways people can try to dupe the system. (Sun, 14 May 2006 15:02:47 GMT)

Economists' predictions on housing on the mark
Five months into 2006, and the housing market appears to be behaving just as most economists had predicted. Long-term interest rates finally have inched up more than half a percentage point since year's end, and short-term rates have climbed enough to propel exotic-loan holders into refinancing mode before their monthly mortgage payments double or worse. (Sun, 14 May 2006 16:12:42 GMT)

Widow, 94, stung by `reverse mortgage'
If you want to understand just how toxic a home mortgage can get, consider this real-life, ongoing saga: Katherine Stephens is a 94-year-old widow, now living in a nursing home in southern New Jersey. According to her nephew, William Finch, she has $38 in her bank account. Monthly Social Security checks pay only a small portion of her nursing home bills. (Sun, 14 May 2006 21:33:31 GMT)

Countrywide® Home Loans
Fast home refi, good credit or not. Countrywide®. 4 out of 5 approved. Mortgage Loan Rates Lock in today's rate on a mortgage loan at Home Finance of America - your source for great rates, with quality customer support. See what you qualify for and what your payments will be. (Sun, 14 May 2006 22:48:03 GMT)

If signed bill could regulate mortgage companies
GREELEY - Colorado's lightly regulated mortgage industry could face much closer monitoring if Gov. Bill Owens signs the Mortgage Brokers Registration Act. (Sun, 14 May 2006 23:33:10 GMT)

Economists' predictions on housing on the mark
Five months into 2006, and the housing market appears to be behaving just as most economists had predicted. Long-term interest rates finally have inched up more than half a percentage point since year's end, and short-term rates have climbed enough to propel exotic-loan holders into refinancing mode before their monthly mortgage payments double or worse. (Mon, 15 May 2006 00:14:59 GMT)

Get a $150,000 Mortgage for $688/Mo
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. (Mon, 15 May 2006 01:53:35 GMT)

Get a $150,000 Mortgage for $688/Mo
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. (Mon, 15 May 2006 02:03:39 GMT)

Countrywide® Home Loans
Fast home refi, good credit or not. Countrywide®. 4 out of 5 approved. Mortgage Loan Rates Lock in today's rate on a mortgage loan at Home Finance of America - your source for great rates, with quality customer support. See what you qualify for and what your payments will be. (Mon, 15 May 2006 02:06:50 GMT)

Get a $150,000 Mortgage for $688/Mo
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. (Mon, 15 May 2006 02:18:03 GMT)

Get a $150,000 Mortgage for $688/Mo
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. (Mon, 15 May 2006 02:36:47 GMT)

Mortgage repayment table revealed
Homeowners in Kilmarnock are likely to be the closest to paying off their mortgage in Scotland, according to a leading high street lender. The Royal Bank of Scotland said the average resident in the Ayrshire town should have around eight years and 10 months of repayments remaining. (Mon, 15 May 2006 02:45:29 GMT)

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. (Mon, 15 May 2006 03:49:43 GMT)

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. (Mon, 15 May 2006 03:51:46 GMT)

Get Free At Home Estimates
Get Home Improvements Loan We can help you jump start your home improvements. Make lenders compete for your business - secure your loan today. Complete this simple form to request free loan quotes today. (Mon, 15 May 2006 04:33:23 GMT)

To pay off or not to . . .
If debt makes you anxious, you may be wondering: Should I try to pay off my mortgage? Well, it depends - on your financial circumstances, your time to retirement and your emotions. (Mon, 15 May 2006 04:39:45 GMT)

Mortgage crunch pushes Liberty out of business
TAMPA -- A slowdown in the mortgage industry has claimed Liberty Home Loan Corp. as a victim. (Mon, 15 May 2006 04:52:54 GMT)

Loan IndyMac Bank - Official Site
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. (Mon, 15 May 2006 05:18:03 GMT)

Mortgage fraud to be topic of June symposium
Mortgage fraud has a different face than it did in years past. As technology has advanced, so has the number of ways people can try to dupe the system. (Mon, 15 May 2006 06:03:02 GMT)

No money? Get the home you live in to pay for you
A reverse mortgage is a loan that enables homeowners to convert part of their value in their home into a tax-free income without having to sell their homes, give up the title, or take on a new monthly mortgage payment. (Mon, 15 May 2006 06:33:09 GMT)

UAE mortgage market witnessing unprecedented growth
The UAE's mortgage market is witnessing an unprecedented growth; it is expected to surge 50% from Dh8 billion to Dh12 billion, according to statistics from Tamweel, a leading home financier in the country. (Mon, 15 May 2006 06:33:13 GMT)

Chase Home Mortgage
Fast Auto Loans for Bad Credit Qualify for a bad credit auto loan online in 30 seconds before you apply. 93% approved nationwide. Rapid e-mail responses. Amistoso Español. (Mon, 15 May 2006 06:48:03 GMT)

Loan IndyMac Bank - Official Site
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. (Mon, 15 May 2006 07:03:55 GMT)

Loan IndyMac Bank - Official Site
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. (Mon, 15 May 2006 07:19:28 GMT)

Loan Officers & Mortgage Brokers : AverageJoeLO.com Offers to Explode Business Profits in Just Weeks
Free Training Conference calls are being offered to loan officers and mortgage brokers by loans consulting expert, Chad Weber of averagejoelo.com. There is no cost and no obligation involved. AverageJoeLO.com hopes to show loan officers how they can explode the profit margin in today’s seemingly “limited” loan market. (PRWEB May 15, 2006) Trackback URI: (Mon, 15 May 2006 07:30:13 GMT)

Mortgage complaints pile up at state agency
EUGENE (AP) — Some 50 times over two months, Gordon Marlatt of Portland was hounded by telemar-keters pestering him to refinance his home mortgage through a Portland-area mortgage broker. (Mon, 15 May 2006 07:30:54 GMT)

Get Free At Home Estimates
Get Home Improvements Loan We can help you jump start your home improvements. Make lenders compete for your business - secure your loan today. Complete this simple form to request free loan quotes today. (Mon, 15 May 2006 07:49:04 GMT)

Get Free At Home Estimates
Get Home Improvements Loan We can help you jump start your home improvements. Make lenders compete for your business - secure your loan today. Complete this simple form to request free loan quotes today. (Mon, 15 May 2006 08:07:07 GMT)

UK: Norwich Union raises lifetime mortgage rates
Norwich Union is raising the interest rates on its Fixed Rate Lifetime Mortgage plans from Monday 15 May 2006. (Mon, 15 May 2006 09:50:48 GMT)

Got the variable-rate-mortgage blues
By this time you might be able to get out with a piggyback mortgage, says Dr. Don. (Mon, 15 May 2006 10:00:00 GMT)

Mortgage rates dip, break 6-week trend
WASHINGTON – Rates on 30-year mortgages edged down last week, the first decline after six straight increases, according to a nationwide survey. (Mon, 15 May 2006 10:33:25 GMT)

Mortgage Sector Consolidating - M&A News from MortgageDaily.com
Stung by lower profit margins at a time when rising rates have prompted prospective borrowers to shun new financing, mortgage bankers have cut back and consolidated, according to recent coverage at MortgageDaily.com, a dominant source of online news for the mortgage industry. (Mon, 15 May 2006 11:00:00 GMT)

United Mortgage Lenders, Inc. Delivers 'Satisfaction-in-a-Click' With MindBox ARTOptimize Technology
MDA MindBox®, Inc., a leader in information solutions for automating complex business and decision processes, announced today that United Mortgage Lenders, Inc., a national retail mortgage banker offering both prime and subprime loan products, has purchased MindBox's ARTOptimize product suite to implement a mortgage lending pricing and product selection decisioning system. (Mon, 15 May 2006 11:00:00 GMT)

Got the variable-rate-mortgage blues
Dear Dr. Don, We purchased a home in May 2005 for $273,000, putting 5 percent down and have a credit score of 804. Student loans are our only other debt. We got stuck in an interest only variable rate loan that is now at 7.6 percent and the interest rate rises every single month. (Mon, 15 May 2006 11:36:04 GMT)

Loan Officers & Mortgage Brokers : AverageJoeLO.com Offers to Explode Business Profits in Just Weeks
(PRWEB) May 15, 2006 -- Free Training Conference calls are being offered to loan officers and mortgage brokers by loans consulting expert, Chad Weber of averagejoelo. (Mon, 15 May 2006 12:00:00 GMT)

Free National Webinar Will Help Mortgage Professionals Learn How to Profit From Shifting Online Customer Base
Mortgage professionals who aren't using the Internet and online technology to gain new customers are missing a huge opportunity: Fully 77 percent now use the internet during the home-buying process. What's more, these buyers typically spend 32 percent more on their homes and make 24 percent more income than non-online customers. (Mon, 15 May 2006 12:15:00 GMT)

Mortgage Industry Veteran Lisa Binkley Joins Rapid Reporting
CHICAGO----May 15, 2006--Rapid Reporting, a national provider of definitive income and identity verification products to the mortgage industry, announced at the Mortgage Bankers Association's first annual National Fraud Issues Conference that Lisa Binkley has joined the company as executive vice president, Risk Strategy & Policy Development. (Mon, 15 May 2006 12:30:00 GMT)

County loan program helps home grown businesses
Last fall, Dunmore resident Laurie Schirra sunk her savings into the dream of creating her own business, Christopher’s Salon and Day Spa. (Mon, 15 May 2006 13:05:33 GMT)

'Perfect Storm' Brewing in Home Defaults
As the home-loan delinquencies rise nationwide, Nevada's numbers remain surprisingly strong. (Mon, 15 May 2006 14:35:11 GMT)

United Mortgage Lenders, Inc. Delivers 'Satisfaction-in-a-Click' With MindBox ARTOptimize Technology
Vancouver, BC, May 15, 2006--(T-Net)--MDA MindBox®, Inc., a leader in information solutions for automating complex business and decision processes, announced today that United Mortgage Lenders, Inc., a national retail mortgage banker offering both prime and subprime loan products, has purchased MindBox's ARTOptimize product suite to implement a mortgage lending pricing and product selection (Mon, 15 May 2006 15:21:27 GMT)

Mortgage Sector Consolidating - M&A News from MortgageDaily.com
Stung by lower profit margins at a time when rising rates have prompted prospective borrowers to shun new financing, mortgage bankers have cut back and consolidated, according to recent coverage at MortgageDaily.com, a dominant source of online news for the mortgage industry. (Mon, 15 May 2006 15:21:47 GMT)

Impact Mortgage Holdings "sector perform," target price raised
NEW YORK, May 15 (newratings.com) - Analyst James Ackor of RBC Capital Markets reiterates his "sector perform" rating on Impact Mortgage Holdings ( IMH.NYS ), while raising his estimates for the company. The 12-month target price has been raised from $9.00 to $11.00. (Mon, 15 May 2006 15:35:17 GMT)

New York Mortgage Trust "sector perform," target price reduced
NEW YORK, May 15 (newratings.com) - Analyst James Ackor of RBC Capital Markets maintains his "sector perform" rating on New York Mortgage Trust Inc ( NKZ.BER ). The target price has been reduced from $6 to $5. (Mon, 15 May 2006 15:35:30 GMT)

Morgan Stanley CEO says seeks mortgage acquisitions
NEW YORK (MarketWatch) -- Morgan Stanley (MS) is searching aggressively for mortgage origination and mortgage servicing acquisitions, but will remain disciplined in its purchases, Chairman and Chief Executive John Mack said Monday. (Mon, 15 May 2006 16:57:12 GMT)

A List of Industrial Loan Corporations
Industrial loan corporations by state, when they began operations, their parent companies and assets as of Sept. 30, 2005, according to the Federal Deposit Insurance Corp.: (Mon, 15 May 2006 18:01:35 GMT)

U.S. banks´ mortgage demand weakens in last 3 months Monday, May 15, 2006 6:15:27 PM http://www.afxpress.com
IND|USA|BAN PRO| ||||| ||||| ||||| ||||| ||||| 2006-05-15 19:15:27 U.S. banks' mortgage demand weakens in last 3 months WASHINGTON (AFX) -- U.S. banks reported moderately weaker demand for residential mortgages over the past three months, the Federal Reserve said Monday. (Mon, 15 May 2006 18:18:35 GMT)

NATION'S HOUSING: How a reverse mortgage turned toxic for widow
If you want to understand just how toxic a home mortgage can get, consider this real-life, ongoing saga: (Mon, 15 May 2006 18:44:24 GMT)

Empire Federal Credit Union to Hold Home Buyers Night
WHAT: Home Buyers Seminar Learn about mortgage products and the home buying process from real estate loan professionals, a real estate attorney, and a real estate agent. (Mon, 15 May 2006 18:59:51 GMT)

Mortgage company brings 140 jobs to Tampa
IndyMac Bank, a mortgage origination company, has opened a new regional mortgage center in Tampa. (Mon, 15 May 2006 19:06:11 GMT)

Woman admits role in mortgage fraud
Rebecca Marie Hauck pleaded guilty May 15 in federal district court to being part of a mortgage fraud and bank fraud scheme that left a trail victims in Georgia and other parts of the Southeast. (Mon, 15 May 2006 19:34:03 GMT)

Patrick Resigns from Mortgage Giant
Boston (AP) -- Democratic gubernatorial candidate Deval Patrick said Monday he is stepping down as a board member of the parent company of embattled mortgage giant Ameriquest, saying he wants to focus on the election and has helped set the lender on the right path. (Mon, 15 May 2006 19:41:31 GMT)

Regulators to share mortgage fraud data Monday, May 15, 2006 8:04:40 PM http://www.afxpress.com
WASHINGTON (AFX) -- Federal housing and financial authorities reached an agreement to share information about mortgage fraud, two U.S. regulators said Monday. (Mon, 15 May 2006 20:18:34 GMT)

IndyMac Bank opens regional mortgage center in Florida
IndyMac Bank, a mortgage origination company, has opened a new regional mortgage center in Tampa, Fla. (Mon, 15 May 2006 20:27:40 GMT)

(AFX UK Focus) 2006-05-15 21:04 GMT: Regulators to share mortgage fraud data
WASHINGTON (AFX) -- Federal housing and financial authorities reached an agreement to share information about mortgage fraud, two U.S. regulators said Monday. (Mon, 15 May 2006 20:32:09 GMT)

State examines mortgage complaint trend
EUGENE (AP) — Some 50 times over two months, Gordon Marlatt of Portland was hounded by telemarketers pestering him to refinance his home mortgage through a Portland-area mortgage broker. (Mon, 15 May 2006 21:26:40 GMT)

Apply for a Personal Loan at e-Loanshop
- www.e-loanshop.com A secured loan from e-Loanshop can help to release the equity of your home and give you up to £100,000 for whatever purpose. Click for a fast quote. No tenants. (Mon, 15 May 2006 22:13:17 GMT)

Firms Embrace Industrial Loan Corporations
Home Depot Inc. calls it a natural fit to expand its business. Wal-Mart Stores Inc. bills it as simply a cost saver. You could call it a new-fangled bank. (Mon, 15 May 2006 23:30:07 GMT)

American Capital Invests $66 Million In Wachovia Bank Commercial Mortgage Backed Security Trust 2006-C23
BETHESDA, Md., May 15 /PRNewswire-FirstCall/ -- American Capital Strategies Ltd. ( Nachrichten ) announced today it has invested $66 million in the BB+, BB, BB-, B+, B, B- and non-rated tranches of bonds issued by Wachovia ( Nachrichten ) Bank Commercial Mortgage Trust 2006-C23 (2006-C23), a $4.2 billion commercial mortgage backed security trust (CMBS). The bonds were issued off a shelf (Mon, 15 May 2006 23:43:02 GMT)

A List of Industrial Loan Corporations
Industrial loan corporations by state, when they began operations, their parent companies and assets as of Sept. 30, 2005, according to the Federal Deposit Insurance Corp.: (Mon, 15 May 2006 23:50:46 GMT)

Mortgage complaints pile up at state agency
EUGENE (AP) — Some 50 times over two months, Gordon Marlatt of Portland was hounded by telemar-keters pestering him to refinance his home mortgage through a Portland-area mortgage broker. (Tue, 16 May 2006 02:44:18 GMT)

Mortgage fraud growing rapidly, agencies say
Chicago - Thieves skimmed at least $1 billion from America's mortgage market last year, law enforcement officials... (Tue, 16 May 2006 03:30:25 GMT)

State may seek to regulate mortgage broker industry
GREELEY - For who knows how long, Colorado has stood practically alone. While 48 other states watched over their mortgage brokers, Colorado paid little mind while mortgage fraud inclined sharply. (Tue, 16 May 2006 03:56:41 GMT)

Riding out the downturn in housing
NEW YORK (MarketWatch) -- With mortgage rates continuing to rise and the housing market continuing to soften, a homeowner's ultimate nightmare may be around the corner: when the value of your home drops below the amount you owe on it. If you need to sell, you'll be forced to make up the difference however you can. (Tue, 16 May 2006 04:03:44 GMT)

New mortgage option: Half century of horror
Take the worst problems of one stupid investment and mix it with the biggest concerns of another and you wind up with a Stupid Investment of the Week to the second power. And that's precisely what... (Tue, 16 May 2006 05:00:03 GMT)

Mortgage rates dip, break 6-week trend
WASHINGTON – Rates on 30-year mortgages edged down last week, the first decline after six straight increases, according to a nationwide survey. (Tue, 16 May 2006 07:33:48 GMT)

Introducing eLoanBid.com: A Loan Pricing and Bidding Service for the Mortgage Loan Community
Mortgage Brokers, Loan Officers and Lenders are now able to seal their deals in record time with a new online service offered by eLoanBid.com. All parties now have a "one stop" location for loan pricing, bidding, and document exchange, making collaboration and loan-fulfillment much more efficient.” (PRWEB May 16, 2006) Trackback URI: (Tue, 16 May 2006 07:46:42 GMT)

The Bull Market Report Updates Outlook On Mortgage REITs
PRINCETON, N.J.----May 16, 2006--The Bull Market Report , an online investment newsletter focused on long-term growth and income-generating stocks, announced today that it has provided subscribers with a report updating its outlook on mortgage REITs. (Tue, 16 May 2006 12:00:00 GMT)

Vestin Realty Mortgage II, Inc. Retains Strategic Growth as Investor Relations Advisor
LAS VEGAS----May 16, 2006--Vestin Realty Mortgage II, Inc. today announced it has retained Strategic Growth International, Inc. , as its investor relations consultant. SGI specializes in creating financial market interest in emerging public companies worldwide. (Tue, 16 May 2006 12:00:00 GMT)

Introducing eLoanBid.com: A Loan Pricing and Bidding Service for the Mortgage Loan Community
Scottsdale, AZ (PRWEB) May 16, 2006 -- Mortgage Brokers, Loan Officers and Lenders are now able to seal their deals in record time with a new online service offered by eLoanBid. (Tue, 16 May 2006 12:00:00 GMT)

CIT to Present at the Bear Stearns First Annual Mortgage Finance and Housing Conference on May 18th
CIT Group Inc. , a leading provider of commercial and consumer finance solutions, announced today that Joseph M. Leone, Vice Chairman and Chief Financial Officer, and Randal M. Chesler, Division President, Consumer Finance, will participate in the Bear Stearns First Annual Mortgage Finance and Housing Conference Thursday, May 18, 2006 at the Bear Stearns World Headquarters in New York, NY. (Tue, 16 May 2006 12:30:00 GMT)

Bunching debts together can cut monthly costs
Question: I have accumulated some debt. (Tue, 16 May 2006 14:38:31 GMT)

Fitch Rates $980MM Centex Home Equity Loan Trust 2006-A
NEW YORK----May 16, 2006--Centex Home Equity asset-backed certificates, series 2006-A, are rated by Fitch Ratings as follows: $795.5 million classes AV-1, AV-2, AV-3, AV-4 'AAA'; $35.5 million class M-1 'AA+'; $32.5 million class M-2 'AA'; $18.5 million class M-3 'AA-'; $17 million class M-4 'A+'; $16 million class M-5 'A'; $14.5 million class M-6 'A-'; $13 million class M-7 'BBB+'; $12.5 (Tue, 16 May 2006 16:32:00 GMT)

State examines mortgage complaint trend
EUGENE (AP) — Some 50 times over two months, Gordon Marlatt of Portland was hounded by telemarketers pestering him to refinance his home mortgage through a Portland-area mortgage broker. (Tue, 16 May 2006 16:43:41 GMT)

Fitch Rates $980MM Centex Home Equity Loan Trust 2006-A
::► Fitch Rates $980MM Centex Home Equity Loan Trust 2006-A◄:: Centex Home Equity asset-backed certificates, series 2006-A, are rated by Fitch Ratings as follows: -- $795.5 million classes AV-1, AV-2, AV-3, AV-4 'AAA'; -- $35.5 million ... (Tue, 16 May 2006 16:45:19 GMT)

Study: Online Mortgage Seekers Seal Deals Offline
More and more mortgage shoppers are going online to find loans, but when it's time to seal the deal, most prefer to take their business offline, according to a study scheduled to be released Tuesday by Forrester Research and Compete Inc., both based in Boston. (Tue, 16 May 2006 17:12:29 GMT)

CIBC changes mortgage rates
CIBC today announced the following changes in residential mortgage rates: (Tue, 16 May 2006 17:59:00 GMT)

NATION'S HOUSING: How a reverse mortgage turned toxic for widow
If you want to understand just how toxic a home mortgage can get, consider this real-life, ongoing saga: (Tue, 16 May 2006 18:14:26 GMT)

ICICI Bank tops mortgage players' list
It’s been a different kind of race unlike the cola wars or the FMCG duel between HLL and P&G as ICICI bank emerges as the dominant force in the Indian mortgage market. (Tue, 16 May 2006 19:07:22 GMT)

Federal judge takes over mortgage scam case
Saving Anthony and Carol Calvagno from being evicted from their longtime home, a federal court judge has agreed to take over the case of the Deer Park couple who lost the house in a mortgage scam and then watched as it was re-sold at a foreclosure auction. (Tue, 16 May 2006 20:02:13 GMT)

Kyle veteran's home loan is 18th million made since 1944 By ANITA MILLER - News Editor
What Kyle resident Robert Laurent did to finance his young family's first home was by no means unusual, except that he was the 18th million veteran of the U.S. armed forces to do so. (Tue, 16 May 2006 21:29:09 GMT)

Federal judge takes over mortgage scam case
Saving Anthony and Carol Calvagno from being evicted from their longtime home, a federal court judge has agreed to take over the case of the Deer Park couple who lost the house in a mortgage scam and then watched as it was re-sold at a foreclosure auction. (Tue, 16 May 2006 22:32:19 GMT)

Finding fair mortgage advice
A financial expert explains what the recent shakeup in the mortgage advice industry means to consumers. (Tue, 16 May 2006 23:23:37 GMT)

Mortgage mis-selling: no hope of making lawyers pay
Scotland's legal services watchdog warned yesterday that legislation aimed at tightening the regulation of lawyers will not prevent the mis-selling of mortgage policies. (Wed, 17 May 2006 01:03:44 GMT)

NatWest launches new mortgage deals
UK bank NatWest has launched two new mortgage deals aimed at first time buyers and the buy to let market, according to a report on financial news portal easier.com. (Wed, 17 May 2006 01:06:38 GMT)

Judge puts eviction on pause
Deer Park couple allowed to stay at longtime residence they lost in mortgage scam; ruling also allows them to file suit to regain ownership Anthony and Carol Calvagno no longer have to live in fear of being evicted from their longtime home any time soon after a federal court judge agreed this week to take over the case of the Deer Park couple who lost the house in a mortgage scam and then (Wed, 17 May 2006 02:01:39 GMT)

Compare Personal Loan Rates
- www.quickcompare.co.uk Compare loan rates from over 100 of the top UK lenders. Use our best buy tables to find the top deals. Visit now to compare any purpose loans online. (Wed, 17 May 2006 06:58:17 GMT)

Tentative accord reported in Met Mortgage suit
A tentative settlement has been reached in one of the lingering lawsuits stemming from the 2004 collapse of Metropolitan Mortgage & Securities... (Wed, 17 May 2006 07:20:21 GMT)

News tip nabs fugitive in $12M mortgage scam
The fugitive mastermind of an elaborate $12 million mortgage fraud scheme was captured in Brooklyn yesterday by detectives acting on information provided by the Daily News, police said. (Wed, 17 May 2006 08:13:36 GMT)

Struggling homeowners thrown mortgage rescue scheme lifeline
Paul Jeeves HOMEOWNERS struggling to meet mortgage repayments are due to be thrown a lifeline by a North Yorkshire council. (17/05/2006 09:45:31) (Wed, 17 May 2006 08:55:44 GMT)

Republic Bank & Trust deploys Fiserv loan origination software
To more efficiently provide consumer, home equity and commercial loan products that meet its customers' needs, Republic Bank & Trust Co. of Louisville, Ky., is using the flexible document ... (Wed, 17 May 2006 09:04:20 GMT)

Can't keep up with taxes and insurance
Even with bad credit, you can get a better mortgage rate than you have, says Dr. Don. (Wed, 17 May 2006 10:00:00 GMT)

Can't keep up with taxes and insurance
Dear Dr. Don, We are in a Catch-22 situation. We have a 30-year fixed rate mortgage on our house at 11.5 percent. We took this loan out in 1985. Our monthly payments include both taxes and insurance on the house. Well, since both are rising every year, so is our monthly payment! (Wed, 17 May 2006 11:36:34 GMT)

Adjustable-rate mortgage (ARM) indexes explained
Almost one-third of mortgage applicants nowadays are getting adjustable-rate mortgages, or ARMs. The hardest-to-understand element of an ARM is the index. (Wed, 17 May 2006 11:37:05 GMT)

U.S. weekly mortgage applications up 4.6% Wednesday, May 17, 2006 11:36:08 AM http://www.afxpress.com
WASHINGTON (AFX) - Applications for mortgage loans at major banks rose by 4.6% last week, the Mortgage Bankers Association said Wednesday. Applications are down 14.7% from a year ago. (Wed, 17 May 2006 11:48:35 GMT)

U.S. MBA's Mortgage Applications Index Rose 4.6% Last Week
May 17 (Bloomberg) -- An index of U.S. mortgage applications rose last week to a level that still suggests weakness in the housing market, an industry report showed today. (Wed, 17 May 2006 11:52:29 GMT)

(AFX UK Focus) 2006-05-17 12:36 GMT: U.S. weekly mortgage applications up 4.6%
WASHINGTON (AFX) - Applications for mortgage loans at major banks rose by 4.6% last week, the Mortgage Bankers Association said Wednesday. Applications are down 14.7% from a year ago. (Wed, 17 May 2006 12:02:36 GMT)

MFA Mortgage Investments, Inc. Announces Second Quarter 2006 Portfolio Repositioning
MFA Mortgage Investments, Inc. announced today that it further repositioned its MBS portfolio in order to positively impact its portfolio spread and to reduce interest rate risk. (Wed, 17 May 2006 12:31:00 GMT)

Suffolk Raises Mortgage Fees
It will cost another $100 for Suffolk County residents to refinance or buy a house with a mortgage. The Suffolk County Legislature has raised mortgage recording fees as part of a plan to bridge an $80 million budget gap next year. (Wed, 17 May 2006 12:40:29 GMT)

Suffolk Raises Mortgage Fees
It will cost another $100 for Suffolk County residents to refinance or buy a house with a mortgage. The Suffolk County Legislature has raised mortgage recording fees as part of a plan to bridge an $80 million budget gap next year. (Wed, 17 May 2006 12:41:57 GMT)

Suffolk Raises Mortgage Fees
It will cost another $100 for Suffolk County residents to refinance or buy a house with a mortgage. The Suffolk County Legislature has raised mortgage recording fees as part of a plan to bridge an $80 million budget gap next year. (Wed, 17 May 2006 12:42:57 GMT)

Fitch Rates C-BASS Mortgage Loan Asset-Backed Ctfs, Series 2006-RP1
NEW YORK----May 17, 2006--C-BASS mortgage loan asset-backed certificates, series 2006-RP1, are rated by Fitch Ratings as follows: $228,499,000 class A 'AAA'; $16,618,000 class M-1 'AA+'; $14,039,000 class M-2 'A+'; $4,011,000 class M-3 'A'; $5,014,000 class B-1 'A-'; $3,581,000 class B-2 'BBB+'; $4,584,000 class B-3 'BBB'; $4,154,000 class B-4 'BBB-'. (Wed, 17 May 2006 14:15:00 GMT)

Mortgage Expert
Team One Mortgage has built a strong reputation as an outstanding mortgage brokerage firm serving the lending needs of real estate professionals, builders and individual home buyers. (Wed, 17 May 2006 14:18:06 GMT)

Fitch Downgrades 1 & Upgrades 7 Classes of COMM 2000-C1
NEW YORK----May 17, 2006--Fitch Ratings downgrades the long-term credit rating and distressed recovery rating of COMM's commercial mortgage pass-through certificates, series 2000-C1, as follows: $4.5 million class N to 'C/DR6' from 'CC/DR3'. (Wed, 17 May 2006 18:05:00 GMT)

High Yield & Mortgage Plus Trust Announces Distribution For Month Ending May 31, 2006
High Yield & Mortgage Plus Trust announces a distribution for the month ending May 31, 2006 of $0.15625 per unit payable on June 14, 2006 to unitholders of record as at May 31, 2006. (Wed, 17 May 2006 18:10:00 GMT)

Fitch Places 17 Classes of Bear Stearns 2004-BBA3 on Rating Watch Evolving (RWE)
CHICAGO----May 17, 2006--Fitch Ratings affirms, and places on Rating Watch Evolving, Bear Stearns commercial mortgage pass-through certificates, series 2004-BBA3: $44.2 million class C at 'AA+'; $38.7 million class D at 'AA'; $71.5 million class E at 'AA-'; $24.5 million class F at 'A+'; $23.8 million class G at 'A'; $19.9 million class H at 'A-'; $12.5 million class J at 'BBB+'; $15.5 million (Wed, 17 May 2006 20:19:00 GMT)

Ethiopia: Office Grants 2.7 Mln. Birr Loan to Farmers, Other Clients
The Munissa-Ego branch office of a local credit and saving institution operating in Arsi Zone of Oromia State said it has granted 2.7 million birr in loan to clients in the zone. (Wed, 17 May 2006 20:57:23 GMT)

Azerbaijan Mortgage Fund refinanced Bank Standard and Texnika Bank
Bank Standard and Texnika Bank have become the first banks refinanced by Azerbaijan Mortgage Fund. The operation was conducted within a day after completion of document receipt procedure in accordance with general agreements signed with the banks. (Wed, 17 May 2006 21:08:24 GMT)

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