Mortgage News Jun 2006

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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 when refinancing your home mortgage? (Sat, 10 Jun 2006 08:17:00 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 refinancing your mortgage at the best interest rate? (PRWEB Jun 10, 2006) Trackback URI: http://www.prweb.com/dingpr.php/Q291cC1TdW1tLUVtcHQtU3VtbS1IYWxmLVplcm8= (Sat, 10 Jun 2006 08:24:58 GMT)

ECFG Launches expfunds.com, Designed to explain refinancing options: 30, 40, 50 Year Fixed, Adjustable Rate, and Debt
ECFG launches its new website, designed to help borrowers to make a decision on their refinancing options. Choosing the right program when refinancing can save homeowners hundreds, and sometimes even thousands of dollars on their mortgage payments and refinancing costs. (PRWEB Jun 10, 2006) Trackback URI: http://www.prweb.com/dingpr.php/U3VtbS1UaGlyLVRoaXItWmV0YS1IYWxmLVplcm8= (Sat, 10 Jun 2006 08:25:00 GMT)

Repaying home loan? MUST knows
Here are a few things you must keep in mind when making the principal payment on your home loan. (Mon, 12 Jun 2006 05:22:26 GMT)

Mortgage Matters: Why Arms Make Sense
If you are one of the few homeowners in the country who plans on never moving, never refinancing your mortgage to get a lower rate or to borrow against the built-up equity in your home, or believe that today's interest rates are the lowest they will be for the next 30 years, then you should acquire a 30-year, fixed-rate loan and stop reading this column. (Mon, 12 Jun 2006 13:59:33 GMT)

Enfield Federal Savings and Loan Association Receives Federal Home Loan Bank of Boston Grant
ENFIELD, Conn.----June 12, 2006--Enfield Federal Savings and Loan Association, the subsidiary of New England Bancshares, Inc. , is pleased to announce it has received a grant from the Federal Home Loan Bank of Boston in the amount of $100,000 to provide financing assistance for first time home buyers in the Town of Enfield, Connecticut. (Mon, 12 Jun 2006 14:35:00 GMT)

New Online Mortgage Company, One Easy Fee Home Loans, Seeks to Transform Lending Industry by Guaranteeing Closing Costs
SAN DIEGO----June 12, 2006--One Easy Fee Home Loans has launched a new online lending website at www.oneeasyfee.com . The full-service mortgage banker offers loans that combine closing, lender and third-party costs into one low, protected fixed-fee package that is guaranteed not to change at closing or One Easy Fee pays the difference. (Mon, 12 Jun 2006 15:00:00 GMT)

Mild Mortgage Migraine
Time for refinancing is running out. But higher rates won\'t cause housing prices to plunge. (Mon, 12 Jun 2006 15:17:16 GMT)

StanChart hikes its home loan lending rates by 50 bps
Multi-national banking powerhouse Standard and Chartered Bank on Monday revised upwards its home loan interest rates. (Mon, 12 Jun 2006 16:49:43 GMT)

Stanchart raises home loan rates
MUMBAI: Standard and Chartered Bank on Monday revised upwards by 50 basis points its home loan interest rates (fixed and variable). The revised rates would become effective for existing customers from July, while for new customers it will ... (Mon, 12 Jun 2006 20:07:17 GMT)

Home loan affordability up
HOME loan affordability improved slightly across Australia in the March quarter 2006, a report shows. The Real Estate Institute of Australia (REIA) Home Loan Affordability Report found average loan repayments consumed 31.9 per cent of median weekly family income in the March quarter. (Tue, 13 Jun 2006 02:21:50 GMT)

Home loan affordability up
HOME loan affordability improved slightly across Australia in the March quarter 2006, a report shows. (Tue, 13 Jun 2006 02:22:39 GMT)

Home loan affordability 'improving'
Home loan affordability improved slightly across Australia in the March quarter 2006, a new report shows. - (Tue, 13 Jun 2006 02:32:37 GMT)

Weekly Home Loan Report: 13th - 20th June, 2006
Higher for longer. Get used to higher home loan rates. Following last week's Reserve Bank announcement they won't be falling until next year. (Tue, 13 Jun 2006 03:55:24 GMT)

Home loan affordability improves
Home loan affordability improved slightly across Australia in the March quarter, but NSW remains the most expensive place to buy a home, a new report shows. - (Tue, 13 Jun 2006 06:35:47 GMT)

MORE HOMEOWNERS ARE . . . Facing Foreclosure
The late 1980s are a bad memory for Colorado Springs’ real estate industry: too much speculative home building, scores of unsold properties and double-digit mortgage rates. (Tue, 13 Jun 2006 07:01:34 GMT)

Adjustable mortgages popular, risky
SACRAMENTO, Calif. – Last year, Janice Pierini fell in love with a two-bedroom condominium and rushed into an adjustable-rate mortgage. She said it was the only way she could get into a place that cost her more than $200,000. (Tue, 13 Jun 2006 09:39:53 GMT)

Picking a mortgage lender
You may not need a mortgage broker, depending on your credit, says Dr. Don. (Tue, 13 Jun 2006 10:00:00 GMT)

Capital Senior Living Corporation Refinances $110 Million of Debt
DALLAS----June 13, 2006--Capital Senior Living Corporation , one of the country's largest operators of senior living communities, today announced that it has completed a $110 million refinancing of mortgage debt on 15 owned communities. (Tue, 13 Jun 2006 10:00:00 GMT)

Picking a mortgage lender
Dear Dr. Don, Where is the best place to acquire financing for a new home? I understand fully that I should find out first how much I may qualify for prior to beginning the home search. I was just wondering if I should utilize a mortgage broker, bank or any lender. Thanks. (Tue, 13 Jun 2006 11:38:13 GMT)

Capital Senior Refinances Mortgage Debt
Capital Senior Living Corp. said Tuesday it completed a $110 million refinancing of mortgage debt on 15 owned communities, and consequently paid down about $15 million of principal, thereby reducing interest expense by about $1.3 million. (Tue, 13 Jun 2006 11:39:37 GMT)

Stewart Title, First Republic Mortgage and Trustcorp Mortgage Revolutionize the Real Estate Transaction Process with
HOUSTON----June 13, 2006--It took a simple "click-to-sign" process for several Indiana consumers to close their mortgage loans on June 6 and 7, as Stewart Title teamed up with First Republic Mortgage Corp. and Trustcorp Mortgage Co. for three electronic closings using Stewart's SureClose® online transaction management system and eClosingRoom. (Tue, 13 Jun 2006 12:00:00 GMT)

Intellidyn Introduces its Intelli-EQUITY Lead Acquisition Program for the Mortgage/Lending Industry
BOSTON----June 13, 2006--Intellidyn Corporation , an award-winning analytics firm, today introduced Intelli-EQUITY®, a key component in its series of Intelli-TARGETING® programs. (Tue, 13 Jun 2006 12:00:00 GMT)

Mortgage forgery nets woman jail time
A Morrisville woman who swindled a mortgage company into handing her the keys and title to a $328,000 house — even though she only had 97 cents in her bank account — was sentenced Monday to six to 23 months in the Bucks County Prison. (Tue, 13 Jun 2006 12:15:55 GMT)

Stocks May Drift amid Mild Inflation Data
The May producer price index came in close to expectations, but index futures were flat amid sell-offs in global markets (Tue, 13 Jun 2006 14:18:28 GMT)

Wal-Mart's Luxury Problem
French design house LVMH files suit, claiming that counterfeit Fendi leather goods are being sold at Wal-Mart's Sam's Club unit (Tue, 13 Jun 2006 14:18:39 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. (Tue, 13 Jun 2006 14:27:37 GMT)

The Street's Wary Eye on Inflation
The markets, roiled by inflation jitters, are eagerly awaiting two price reports due out. Here's Action Economics' look at what the data may say (Tue, 13 Jun 2006 14:34:43 GMT)

NovaStar Buys Mortgage Assets
Residential mortgage lender and portfolio investor NovaStar Financial Inc. said Tuesday that two of its subsidiaries bought from lenders a total of $1.2 billion of non-conforming mortgage assets. (Tue, 13 Jun 2006 14:42:43 GMT)

Fed's Olson says mortgage data raise questions
Federal Reserve Governor Mark Olson said on Tuesday data collected under the U.S. Home Mortgage Disclosure Act raise troubling questions about lending to black and Hispanic borrowers and more research is needed. (Tue, 13 Jun 2006 15:16:58 GMT)

(AFX UK Focus) 2006-06-13 16:00 GMT: AFX NEWS BRIEFING: Banking and insurance highlights to 15:45 BST
KANSAS CITY, Mo. (AFX) - Residential mortgage lender and portfolio investor NovaStar Financial Inc. said Tuesday that two of its subsidiaries bought from lenders a total of $1.2 billion of non-conforming mortgage assets. (Tue, 13 Jun 2006 15:19:14 GMT)

Capital Senior refinances mortgages
Capital Senior Living Corp. says it has completed a $110 million refinancing of mortgage debt at 15 retirement communities that it owns. (Tue, 13 Jun 2006 16:11:36 GMT)

Capital Senior to save $3.8M annually through refinancing
Capital Senior Living Corp. said Tuesday that it has completed the refinancing of $110 million in mortgage debt on 15 company-owned properties. (Tue, 13 Jun 2006 16:26:39 GMT)

NovaStar Securitizes Mortgage Assets
Residential mortgage lender and portfolio investor NovaStar Financial Inc. said Tuesday that two of its subsidiaries securitized a total of $1.2 billion of non-conforming mortgage assets. (Tue, 13 Jun 2006 16:52:50 GMT)

Alliance & Leicester 1Q net mortgage lending up four-fold
LONDON, June 13 (newratings.com) – The seventh largest bank in the UK, Alliance & Leicester ( AL5.ETR ), Monday announced a four-fold increase in its net mortgage lending in the first quarter. (Tue, 13 Jun 2006 17:07:03 GMT)

Housing boom 2.0
The housing market is entering a down cycle, according to a report from Harvard's Joint Center for Housing Studies, but is unlikely to undergo a severe reversal. (Tue, 13 Jun 2006 19:33:52 GMT)

USA Commercial Mortgage Company Reports Progress in Chapter 11 Reorganization Efforts
USA Commercial Mortgage Company today announced significant progress in the efforts made by USACM and its affiliated bankruptcy debtors to reorganize under Chapter 11 of the U.S. Bankruptcy Code since the filing of their voluntary petitions on April 13, 2006. (Tue, 13 Jun 2006 19:46:00 GMT)

National critical of home loan scheme
The National Party says the government should consider pulling the plug on its poorly performing home loan scheme. Figures from Housing New Zealand show 1,629 loans have been approved via the government-backed Welcome Home Loans scheme since its launch in 2003. (Tue, 13 Jun 2006 19:46:54 GMT)

/ National
With apologies to Charles Dickens, it is both the best and the worst of times for young homebuyers struggling to make monthly mortgage payments. (Tue, 13 Jun 2006 23:24:30 GMT)

Huntington presents pension plan to legislative committee
CHARLESTON — The city of Huntington would be relieved of a growing financial burden if the West Virginia Legislature allowed the city to refinance its police and fire pension funds, Mayor David Felinton told members of a joint legislative committee Tuesday. (Wed, 14 Jun 2006 03:09:30 GMT)

60-percent mortgage requires great credit
I've heard that some lenders offer mortgages in which the payments represent 60 percent of the borrower's income. I am in over my head financially because of recent hospitalizations and as a result have been late on my mortgage. I have been juggling expenses and cannot catch up. (Wed, 14 Jun 2006 06:19:02 GMT)

Mortgage broker faces fraud charges
A FORMER Melbourne mortgage broker has appeared in court on a raft of fraud charges following an investigation by the corporate watchdog. Michael Cay, 36, was arrested today at Beechworth, near Wangaratta in Victoria's northeast, in connection with a failed financial services venture. (Wed, 14 Jun 2006 06:36:46 GMT)

Marabella Commercial Finance Secures Commercial Mortgage Loan for 19th Jack in the Box Property, First Taco Cabana
Carlsbad, California (PRWEB) June 14, 2006 -- Marabella Commercial Finance has originated financing for its 19th Jack in the Box Net Lease Property and the Company’s 1st Taco Cabana Net Lease Property. (Wed, 14 Jun 2006 07:00:00 GMT)

Mortgage broker faces fraud charges
A former Melbourne mortgage broker has appeared in court on a raft of fraud charges following an investigation by the corporate watchdog. - (Wed, 14 Jun 2006 07:17:43 GMT)

Marabella Commercial Finance Secures Commercial Mortgage Loan for 19th Jack in the Box Property, First Taco Cabana
In one of its most recent commercial mortgage loan coups, Marabella Commercial Finance has originated its 19th permanent loan for a Jack in the Box Net Lease Property, and has completed its first Taco Cabana Net Lease Property Permanent Loan. Marabella Commercial Finance is a company that specializes in arranging financing for 1031 Exchange Commercial Investment Properties and Large Anchored (Wed, 14 Jun 2006 07:39:20 GMT)

Legislature hears city pension proposal
CHARLESTON -- The city of Huntington would be relieved of a growing financial burden if the Legislature allowed the city to refinance its police and fire pension funds, Mayor David Felinton told members of a joint legislative committee Tuesday. (Wed, 14 Jun 2006 08:08:54 GMT)

Mortgage giants reviewed
WASHINGTON — The Bush administration is starting special reviews of the financial operations of mortgage giants Fannie Mae and Freddie Mac. (Wed, 14 Jun 2006 08:15:26 GMT)

Bank of Baroda not to raise home loan rates immediately
New Delhi: Bank of Baroda today said it has ruled out immediately raising lending rates, including home loans, but is looking to hike the corporate loan rates. (Wed, 14 Jun 2006 08:31:48 GMT)

BoB rules out raising home loan rates immediately
NEW DELHI: Bank of Baroda (BoB) said on Wednesday that it has ruled out immediately raising lending rates, including home loans, but is looking to hike the corporate loan rates. (Wed, 14 Jun 2006 08:50:36 GMT)

BoB to not raise home loan rates, for now
Bank of Baroda has ruled out immediately raising lending rates, including home loans, but is looking to hike corporate loan rates. "We are not changing interest rates instantaneously and we have no plans to change home loan rates," A K Khandelwal, chairman of Bank of Baroda, said. (Wed, 14 Jun 2006 08:51:49 GMT)

BOB not to raise home loan rates
Bank of Baroda on Wednesday said it has ruled out immediately raising lending rates, including home loans, but is looking to hike the corporate loan rates. (Wed, 14 Jun 2006 09:04:47 GMT)

Unethical Practices by Mortgage Brokers Are Not Considered Illegal, Warns Consumer Advocate Harj Gill
According to the NAHB, over a million homes are sold in this country every month. And every month, tens of thousands of unsuspecting homebuyers are legally swindled by unethical mortgage brokers. (Wed, 14 Jun 2006 10:00:00 GMT)

Pizarro: Streisand expensive, but charities benefit
Barbra Streisand is coming to San Jose's HP Pavilion this fall, but you may need to refinance your mortgage to get tickets. The best seats are going for $750 each, meaning the Nov. 13 concert will have the most expensive single-ticket price for one performer in the arena's 13-year history. By comparison, when Madonna was in town last month, tickets topped out at $350. When the Three Tenors (Wed, 14 Jun 2006 10:28:26 GMT)

U.S. MBA's Mortgage Applications Index Rose 7% Last Week
June 14 (Bloomberg) -- Mortgage applications in the U.S. rose for the first time in four weeks, suggesting the decline this year in the housing market will be gradual. (Wed, 14 Jun 2006 11:22:45 GMT)

LeadPoint Launches UK Mortgage Lead Exchange
LeadPoint Launches UK Mortgage Lead Exchange Lead Quality and Innovative Technology Highlight New Platform LONDON, June 14th, 2006—LeadPoint, the premier U.S.-based global lead platform which opened in the UK earlier this month, today announced the launch of its proprietary mortgage lead exchange... (Wed, 14 Jun 2006 11:43:07 GMT)

Home loan applications rebound
But purchase index, considered a timely gauge of home sales, comes in substantially below its year-ago level. (Wed, 14 Jun 2006 12:04:34 GMT)

U.S. MBA's Mortgage Applications Index Rose 7% Last Week
June 14 (Bloomberg) -- Mortgage applications in the U.S. rose for the first time in four weeks, suggesting the decline this year in the housing market will be gradual. (Wed, 14 Jun 2006 13:51:25 GMT)

DeepGreen Financial Introduces 30-Year Home Equity Loan Direct to Consumers
With interest rates climbing and borrowers increasingly reluctant to refinance existing, low-rate mortgages, online home equity specialist DeepGreen Financial is offering relief through a new, 30-year, fixed-rate home equity loan. (Wed, 14 Jun 2006 14:08:00 GMT)

Demand for home loans rises first time in 4 weeks
Mortgage applications rose for the first time in four weeks, because of a surge in demand for home refinancing loans, an industry trade group said Wednesday. (Wed, 14 Jun 2006 14:09:15 GMT)

Pizarro: Streisand expensive, but charities benefit
Barbra Streisand is coming to San Jose's HP Pavilion this fall, but you may need to refinance your mortgage to get tickets. The best seats are going for $750 each, meaning the Nov. 13 concert will have the most expensive single-ticket price for one performer in the arena's 13-year history. By comparison, when Madonna was in town last month, tickets topped out at $350. When the Three Tenors (Wed, 14 Jun 2006 14:58:46 GMT)

Furthermore...
Capital Senior Living Corp., an operator of senior living communities, has completed a $110 million refinancing of mortgage debt owed on 15 communities owned by the company. (Wed, 14 Jun 2006 15:12:44 GMT)

Finance: The pain of mortgage over-extension
(Linda Stern is a freelance writer. Any opinions in the column are solely those of Ms. Stern. You can e-mail her at lindastern(at)aol.com.) (Wed, 14 Jun 2006 17:08:56 GMT)

Finance: The pain of mortgage over-extension
(Linda Stern is a freelance writer. Any opinions in the column are solely those of Ms. Stern. You can e-mail her at lindastern(at)aol.com.) WASHINGTON (Reuters) - Be afraid. Be very afraid. (Wed, 14 Jun 2006 17:21:54 GMT)

Ability Holding Corp. Signs Deal with American Capital Network for Future Mortgage Processing
DALLAS----June 14, 2006--Ability Holding Corp. today announced that it has entered into an agreement with American Capital Network, a mortgage company based in San Diego, California, for the future processing of mortgages planned at BankAbility.com. (Wed, 14 Jun 2006 17:33:00 GMT)

Mortgage Scam Targets Seniors
A mortgage scam has surfaced in the Detroit area that targets senior citizens. Wednesday, the Wayne County Prosecutor announced the arrest of a suspected scam artist accused of ripping off dozens of home owners. (Wed, 14 Jun 2006 17:45:29 GMT)

Home refinancing surges ahead of Fed rate meet
U.S. home loan refinancing applications surged last week, industry trade group figures showed on Wednesday, as consumers sought to lock in rates ahead of a widely expected interest rate hike by the Federal Reserve at the end of June. (Wed, 14 Jun 2006 18:06:52 GMT)

DeepGreen Financial Introduces 30-Year Home Equity Loan Direct to Consumers
With interest rates climbing and borrowers increasingly reluctant to refinance existing, low-rate mortgages, online home equity specialist DeepGreen Financial is offering relief through a new, 30-year, fixed-rate home equity loan. The lender is offering the loan direct to consumers on its Web site at http://www.deepgreenfinancial.com/. (Wed, 14 Jun 2006 18:08:05 GMT)

American Mortgage Acceptance Company Announces Second Quarter Dividend for 2006
NEW YORK----June 14, 2006--The Board of Trustees of American Mortgage Acceptance Company has declared a dividend of $0.40 per share for the second quarter of 2006, payable on August 14, 2006, to shareholders of record as of June 30, 2006. (Wed, 14 Jun 2006 18:48:00 GMT)

American Mortgage Declares Dividend
American Mortgage Acceptance Co., a real estate investment fund, said Wednesday its board declared a regular quarterly dividend of 40 cents per share. (Wed, 14 Jun 2006 19:00:29 GMT)

Weekly Home Mortgage Rates
Weekly Home Mortgage Rates (Wed, 14 Jun 2006 19:16:30 GMT)

BMO Bank of Montreal Changes Mortgage Rates
BMO Bank of Montreal today announced, it is changing its residential mortgage rates, effective June 15, 2006. The new rates are: (Wed, 14 Jun 2006 19:47:00 GMT)

Detroit Seniors Targeted by Mortgage Scams
In Detroit, a mortgage scam has surfaced and targets senior citizens. Last Wednesday, the Wayne County Prosecutor announced the arrest of a suspected scam artist accused of ripping off dozens of homeowners. (Wed, 14 Jun 2006 19:49:52 GMT)

Banks nudge up posted mortgage rates on terms up to four years
TORONTO (CP) - Some posted mortgage rates were nudged higher Wednesday as inflation anxiety prodded up yields on the bond market where banks raise their lending funds. (Wed, 14 Jun 2006 20:23:05 GMT)

Weekly Home Mortgage Rates
NORTH PALM BEACH, Fla. (AP) - Average mortgage rates for single-family homes in the 10 largest metropolitan areas as of June 14, as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent of the value of the house. A point is a one-time fee equaling one percent of mortgage.---NORTH PALM BEACH, Fla. (AP) - bankrate.com's national average for a 5-year adjustable (Wed, 14 Jun 2006 20:34:59 GMT)

New mortgage trust launches
Praesidium Asset Management has launched a $27 million fixed interest offering under its mortgage trust format that follows on from its earlier offer in 2002. (Wed, 14 Jun 2006 21:43:46 GMT)

Mortgage rates on the rise
Canadian banks announced slight increases in their short- and medium-term mortgage rates on Wednesday as interest rate pressures continue to build. The increases ranged from a 10th of a percentage point to 0.15 of a percentage point at TD Bank, Bank of Montreal and Royal Bank. (Wed, 14 Jun 2006 22:01:18 GMT)

Community Groups Urge Regulators to Act on Predatory Mortgage Lending
The Federal Reserve Board of Governors is convening a hearing June 16 in San Francisco on home mortgage lending abuses. And there are major problems to be addressed in California. (Thu, 15 Jun 2006 01:31:00 GMT)

Consolidator Will Fight Student Loan Rule
TAMPA - An Oldsmar company said Wednesday that it plans to continue its fight to give college graduates the right to refinance student loans. (Thu, 15 Jun 2006 01:59:45 GMT)

Mortgage Over-Extension and the Pain it Brings
If you used an interest-only or so-called "option" mortgage to stretch into an unaffordable house in the last year or two, you could be facing some dark times. (Thu, 15 Jun 2006 02:34:51 GMT)

Benefits to you: Proceeds are tax-free No monthly mortgage payments required
Benefits to you: Proceeds are tax-free No monthly mortgage payments required Use the cash any way you choose Continue to own your home No income or credit qualifications Marc Pisa, CSA Reverse Mortgage Specialist A REVERSE MORTGAGE: The Extra Cash You Need If you are a homeowner 62 years or older, a reverse mortgage could be the way to supplement your retirement income. (Thu, 15 Jun 2006 04:16:41 GMT)

Informed Mortgage, Inc. Announces Availability of a Loan Product with Accelerated Principal Reduction
New Mortgage Product turns your mortgage into a potential asset, not a liability. (PRWEB Jun 15, 2006) Trackback URI: http://www.prweb.com/zingpr.php/SG9yci1Db3VwLU1hZ24tU2luZy1JbnNlLVplcm8= (Thu, 15 Jun 2006 07:26:28 GMT)

BD Nationwide Mortgage Introduces the 110% Mortgage Refinance Loan
BD Nationwide Mortgage Company, announced the arrival of the 110% Mortgage Program. This is a unique loan product, that allows borrowers the ability to exceed the value of their home when refinancing their first mortgage. The 110% program offers homeowners the ability to pay off debts, combine mortgage loans, or simply get cash back. (PRWEB Jun 15, 2006) Trackback URL: (Thu, 15 Jun 2006 07:44:16 GMT)

Mortgage rates rise slightly
Fixed mortgage rates rose in response to news of accelerating inflation. (Thu, 15 Jun 2006 10:00:00 GMT)

HDFC rules out raising home loan rates for now
MUMBAI, June 15 (Reuters) - Mortgage lender Housing Development Finance Corporation Ltd. won't raise home loan rates for now despite an "upward pressure" in cost of funds, Chairman Deepak Parekh said on Thursday. (Thu, 15 Jun 2006 11:08:16 GMT)

Bankrate: Inflation News Pushes Mortgage Rates Higher
Fixed mortgage rates increased following the release of the May Consumer Price Index, which showed inflation still lurks. The average 30-year fixed rate mortgage inched higher from 6.69 percent to 6.71 percent, according to Bankrate.com's weekly national survey of large lenders. (Thu, 15 Jun 2006 11:30:00 GMT)

Bankrate: Inflation News Pushes Mortgage Rates Higher
NEW YORK, June 15 /PRNewswire-FirstCall/ -- Fixed mortgage rates increased following the release of the May Consumer Price Index, which showed inflation still lurks. (Thu, 15 Jun 2006 11:35:52 GMT)

Rely on pros to cure title troubles
Refinancing a mortgage four times in a year creates enough stress. Add title problems, and you can hardly bear the anxiety. It happened to Apurva Pande and his wife, Chinmaya Misra. Both are architects in Los Angeles, and they bought a house three years ago. (Thu, 15 Jun 2006 11:37:43 GMT)

BD Nationwide Mortgage Introduces the 110% Mortgage Refinance Loan
Encinitas, CA (PRWEB) June 15, 2006 -- BD Nationwide Mortgage Company, announced the arrival of the 110% Mortgage Program. (Thu, 15 Jun 2006 12:00:00 GMT)

Informed Mortgage, Inc. Announces Availability of a Loan Product with Accelerated Principal Reduction
ATLANTA (PRWEB) June 15, 2006 -- Informed Mortgage, Inc. (Thu, 15 Jun 2006 12:00:00 GMT)

HDFC rules out raising home loan rates
HDFC chief expected a 10-20 per cent fall in property prices in three to six months and demand for home loans easing. (Thu, 15 Jun 2006 12:05:55 GMT)

Russian mortgage market grows 25% in Q1 - CB
MOSCOW. June 15 (Interfax) - The Russian mortgage market grew 25% in the first quarter of 2006, Vladimir Safronov, deputy director of the bank regulation and supervision department at the Central Bank, said at a retail banking forum on Thursday in Moscow. (Thu, 15 Jun 2006 12:26:37 GMT)

U.S. mortgage rates inch higher
CHICAGO (MarketWatch) -- Mortgage rates inched higher in the latest week, according to Freddie Mac's survey released Thursday. But despite recent rate fluctuations, the mortgage agency still predicts 2006 will be the third strongest year on record for the housing sector. (Thu, 15 Jun 2006 17:01:54 GMT)

Market confusion keeps mortgage rates flat
Mortgage rates stayed relatively unchanged this week after contradictory economic data left the bond market unsure over the direction the economy. (Thu, 15 Jun 2006 17:34:02 GMT)

Mortgage rates rise on Fed rate worries
Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates further. (Thu, 15 Jun 2006 17:46:16 GMT)

Mortgage Rates Rise on Fed Rate Worries
Washington (AP) - Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates further.Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.63 percent, up slightly from 6.62 percent last week, and a full percentage point above where they were a year ago. (Thu, 15 Jun 2006 18:16:11 GMT)

HDFC rules out raising home loan rates for now
Mortgage lender Housing Development Finance Corporation Ltd. won't raise home loan rates for now despite an "upward pressure" in cost of funds. (Thu, 15 Jun 2006 18:34:59 GMT)

Mortgage Rates Rise on Fed Rate Worries
Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates further. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.63... (Thu, 15 Jun 2006 18:35:34 GMT)

Inflation Worries Push Mortgage Rates Higher
Worries the Federal Reserve will raise interest rates again push mortgage rates higher. (Thu, 15 Jun 2006 18:42:46 GMT)

Mortgage Rates Rise On Fed Rate Worries
The latest inflation news sends mortgage rates higher. (Thu, 15 Jun 2006 18:45:03 GMT)

Mortgage Rates Rise on Fed Rate Worries
WASHINGTON (AP) - Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates further. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.63 percent, up slightly from 6.62 percent last week, and a full percentage point above where they were a year ago. Rates on 30-year (Thu, 15 Jun 2006 19:34:49 GMT)

Free Mortgage Quotes and Great Deals
- www.mortgagesupermarket.co.uk Find a mortgage to fit your personal circumstances by comparing thousands of deals or by speaking with our friendly financial team. Simple and free with no obligation. (Thu, 15 Jun 2006 19:35:13 GMT)

Enesco Group in default on bank loan
(Crain’s) — Enesco Group Inc. , the beleaguered home décor company, is in default on a loan. The company received a letter on June 8 from Bank of America saying its borrowings exceeded the maximum allowable by $1 million, according to a Securities and Exchange Commission Filing. (Thu, 15 Jun 2006 20:15:58 GMT)

Bankrate: Inflation News Pushes Mortgage Rates Higher
Average 30-year fixed rate mortgage inched higher from 6.69 percent to 6.71 percent (Thu, 15 Jun 2006 21:13:08 GMT)

Capstead Mortgage Sets Regular Dividend
Real estate investment trust Capstead Mortgage Corp. said on Thursday it declared a regular quarterly dividend of 2 cents. (Thu, 15 Jun 2006 22:08:57 GMT)

Capstead Mortgage Sets Regular Dividend
Real estate investment trust Capstead Mortgage Corp. said on Thursday it declared a regular quarterly dividend of 2 cents. The company will pay the dividend on July 20 to shareholders of record June 30. (Thu, 15 Jun 2006 22:27:07 GMT)

Multi-Faceted Refinancing Package Refinances, Rehabs Affordable 91-Unit Seniors Property
JUNE 15, 2006 -- San Francisco -- Red Mortgage Capital Inc. and Red Capital Markets Inc., which are respectively the mortgage banking and investment banking arms of Red Capital Group, recently arranged a complex, multi-faceted financing package that provides for the rehabilitation of an affordable seniors housing apartment complex in this city’s now-booming South of Market Area (SOMA), a few (Fri, 16 Jun 2006 00:33:52 GMT)

Cairns Lockie Mortgage Commentary
Welcome to the tenth fortnightly Cairns Lockie Mortgage Commentary for 2006, aiming to keep you informed on developments at Cairns Lockie, Mortgage Bankers and the mortgage market in general. (Fri, 16 Jun 2006 01:13:53 GMT)

U.S. mortgage rates rise as markets worry about rate hikes
Mortgage rates across the United States increased this week as financial markets expected the Federal Reserve to boost interest rates further, Freddie Mac reported Thursday. (Fri, 16 Jun 2006 03:01:02 GMT)

First Hope has home-loan specialist
HOPE -- Courtney Dugan of Newton has been promoted to home loan solution specialist at First Hope Bank. She will assist customers at the home loan solution center at the bank's full-service location on Newton-Sparta Road in Andover Township. The center is a one-stop shop for all types of home loans. (Fri, 16 Jun 2006 04:23:04 GMT)

HDFC rules out raising home loan rates for now
Mortgage lender Housing Development Finance Corporation Ltd won't raise home loan rates for now despite an "upward pressure" in cost of funds, Chairman Deepak Parekh said on Thursday. (Fri, 16 Jun 2006 06:08:49 GMT)

Research all mortgage options before picking product
Q: I want to get into the housing market but I’m confused by all the mortgage options. Where do I start? What is the best kind of mortgage for me? A: You’re right, there are literally dozens of mortgage options out there. (Fri, 16 Jun 2006 06:16:16 GMT)

Mortgage rates push higher in anticipation of Fed hike
WASHINGTON | Mortgage rates resumed rising this week as financial markets became more convinced that the Federal Reserve will raise interest rates further. (Fri, 16 Jun 2006 07:05:10 GMT)

Mortgage applications up 7%
Mortgage applications in the U.S. rose for the first time in four weeks, suggesting the decline this year in the housing market will be gradual. (Fri, 16 Jun 2006 08:06:10 GMT)

Prepare to plug home paperwork holes
Refinancing a mortgage four times in a year creates enough stress. Add title problems, and you can hardly bear the anxiety. (Fri, 16 Jun 2006 08:06:31 GMT)

Construction Bank sells 960 mln yuan-worth mortgage assets
China Construction Bank announced Friday it has sold a mortgage assets portfolio with a book value of 960 million yuan (120 million U.S. dollars) to a French bank and asset management company. (Fri, 16 Jun 2006 09:00:22 GMT)

Market fears push mortgage rates up
WASHINGTON -- Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates again. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.63%, up slightly from 6.62% last week, and a full percentage point above the average a year ago. (Fri, 16 Jun 2006 09:06:35 GMT)

Mortgage rates move upward
Mortgage rates resumed rising this week as financial markets became more convinced that the Federal Reserve will boost interest rates further. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.63 percent, up slightly from 6.62 percent last week and a full percentage point above where they were a year ago. (Fri, 16 Jun 2006 10:17:19 GMT)

Mortgage broker can get right loan
With Collin County housing booming, finding a way to finance a home could be a real trick. Who does a home buyer turn to, to get a loan if they have bad or not so great credit? (Fri, 16 Jun 2006 11:05:51 GMT)

Mortgage broker can get right loan
With Collin County housing booming, finding a way to finance a home could be a real trick. Who does a home buyer turn to, to get a loan if they have bad or not so great credit? (Fri, 16 Jun 2006 11:07:38 GMT)

Former real estate salesman sentenced in mortgage swindle
GREENWOOD, Miss. A former real estate salesman will serve more than three years in federal prison for his role in a mortgage swindle. (Fri, 16 Jun 2006 11:39:57 GMT)

Local mortgage rates hit 4-year high
Average 30-year loan in O.C. reaches 6.53%. More hikes expected. Mortgage rates in Orange County this week jumped to their highest level in four years. (Fri, 16 Jun 2006 11:55:26 GMT)

Local mortgage rates hit 4-year high
Average 30-year loan in O.C. reaches 6.53%. More hikes expected. Mortgage rates in Orange County this week jumped to their highest level in four years. (Fri, 16 Jun 2006 11:59:17 GMT)

FSA warning on mortgage exit fees
The Financial Services Authority asks mortgage lenders to justify their high exit fees. (Fri, 16 Jun 2006 12:07:17 GMT)

Bear Stearns profit soars on mortgage income
Bear Stearns, the biggest U.S. underwriter of mortgage-backed bonds, said Thursday that profit surged 81 percent to a record in the second quarter, led by fixed-income and equity trading. (Fri, 16 Jun 2006 12:19:00 GMT)

Former real estate salesman sentenced in mortgage swindle
GREENWOOD, Miss. A former real estate salesman will serve more than three years in federal prison for his role in a mortgage swindle. (Fri, 16 Jun 2006 13:25:58 GMT)

Loan Officer Arrested In Connection To Couple's Slaying
ALBUQUERQUE, N.M. -- A loan processor has been accused of fatally shooting an Albuquerque couple in their home. Ronald Santiago, 40, is being held on charges of murder, aggravated burglary and evidence tampering. (Fri, 16 Jun 2006 15:14:54 GMT)

214528 RAUL E. HERRERA Senior Home Loan Consultant Cell: 732-887-8150 e-mail:
214528 RAUL E. HERRERA Senior Home Loan Consultant Cell: 732-887-8150 e-mail: raul_herrera@countrywide.com 320 Ryders Lane Milltown, NJ 08850 (Fri, 16 Jun 2006 16:21:58 GMT)

'HOUSE OF TOMORROW' PURCHASED BY MORTGAGE COMPANY
MANSFIELD — The bank that held the mortgage on the “Home of Tomorrow” bought it back at sheriff’s sale this morning. Attorney Gary Piper, representing Novastar Mortgage Inc., said it’s now up to the company to decide what to do with the house — whether to try to put it up for sale through a realtor. (Fri, 16 Jun 2006 19:57:07 GMT)

Even After Paying Off a Mortgage, Some Papers Are Worth Keeping
Q: Several years ago, my sisters and I purchased our property and obtained a mortgage loan from a bank. At the settlement, we were given a copy of the deed of trust. We recently paid off that mortgage and the bank sent us a copy of the release that had been filed with the county recorder of deeds. Are there any other documents that we should have? (Fri, 16 Jun 2006 20:03:06 GMT)

Study Finds Bias In Mortgage Process
Does your race or ethnicity affect the interest rate or fees you're quoted on a mortgage? Do mortgage brokers offer the same deals to African American and Hispanic applicants with identical -- or superior -- incomes, credit scores and employment histories compared with white applicants? In a June 3... (Fri, 16 Jun 2006 20:03:19 GMT)

• Study: Mortgage Process is Biased
Are interest rates or fees you're quoted on a mortgage affected by your race or ethnicity? Do mortgage brokers offer the same deals to African American and Hispanic applicants with identical incomes, credit scores and employment histories compared with white applicants? (Fri, 16 Jun 2006 20:49:31 GMT)

Anthony Hsieh, President of LendingTree.com Comments on Expected Rate Change
Inflation continues to grow as a serious concern for both the Fed and the public. Consequently, interest rates are likely to rise for the 17th straight time in two years on June 29 when they meet again. The question is: should consumers refinance their adjustable rate mortgage (ARM) to avoid payment shock due to rising rates? (Fri, 16 Jun 2006 21:35:57 GMT)

Mortgage broker can get right loan
With Collin County housing booming, finding a way to finance a home could be a real trick. Who does a home buyer turn to, to get a loan if they have bad or not so great credit? (Fri, 16 Jun 2006 22:09:39 GMT)

Direct Line offers web-only mortgage
Net deal Direct Line has launched an online-only mortgage. The product is a two-year tracker, 0.31 per cent below the Bank of England base rate. It reverts to a long-term tracker rate of 1.5 per cent above base. (Sat, 17 Jun 2006 00:48:12 GMT)

Messy paper trail leads to trouble with refinancing
Refinancing a mortgage four times in a year creates enough stress. Add title problems, and you can hardly bear the anxiety. (Sat, 17 Jun 2006 04:19:31 GMT)

Mortgage rates rise on Fed rate worries
WASHINGTON -- Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates further. (Sat, 17 Jun 2006 04:40:18 GMT)

Equity buys Mortgage Centre
Equity Bank has signed a deal to purchase the assets of Mortgage Centre for an undisclosed sum, company officials said Friday. The deal will allow the businesses to offer more products and expand each company's lending power. The newly named Equity Mortgage Centre, which will be a division of Equity Bank, will be able to do business nationwide because Equity Bank is a national bank. (Sat, 17 Jun 2006 06:13:27 GMT)

Mortgage broker can get right loan
With Collin County housing booming, finding a way to finance a home could be a real trick. Who does a home buyer turn to, to get a loan if they have bad or not so great credit? (Sat, 17 Jun 2006 06:14:28 GMT)

Metrocities Mortgage targets Spanish speakers
Metrocities Mortgage LLC has opened its first Orange County loan center specifically targeting Spanish-speaking homebuyers. (Sat, 17 Jun 2006 06:51:36 GMT)

Before you apply for a loan
>Save money for a down payment on a house and pay down your debts. Both can help you secure a lower interest rate on a mortgage loan. >When you apply for a loan, ask for a "good faith estimate" that lists all the fees you will be charged. (Sat, 17 Jun 2006 07:14:25 GMT)

Finance North America to be Featured on Frontier’s July Inflight Programs
Finance North America specializes in purchase, refinance lending, and construction loans converted into permanent financing and has loan representatives in all major resort locations in Mexico (PRWEB Jun 17, 2006) (Sat, 17 Jun 2006 07:14:35 GMT)

NATION'S HOUSING: Are mortgage quotes colorblind? Not always
Does your race or ethnicity affect the interest rate or fees you're quoted on a mortgage? Do mortgage brokers offer the same deals to African American and Hispanic applicants with identical -- or superior -- incomes, credit scores and employment histories compared with white applicants? (Sat, 17 Jun 2006 07:15:15 GMT)

No legal recourse for corrupt mortgage lender
Q: I recently sold my home. The buyers made it known they needed 100 percent mortgage financing. We agreed to pay $13,000 in closing costs to help the buyers. The lender gave them a good faith estimate that showed this amount would pay their closing costs. But on the day of closing, the loan officer showed up and informed the buyers they owed $4,000 more than expected to buy the home. He was very (Sat, 17 Jun 2006 08:45:34 GMT)

Harney: Test shows mortgage lenders are not colorblind
Does your race or ethnicity affect the interest rate or fees you're quoted on a mortgage? Do brokers offer the same deals to black and Latino applicants with identical -- or superior -- incomes, credit scores and work histories compared with white applicants? (Sat, 17 Jun 2006 10:18:18 GMT)

With Fed rate hike likely, mortgage rates up
Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates further. (Sat, 17 Jun 2006 10:19:08 GMT)

Ex-real estate agent gets 41 months in mortgage scheme
GREENWOOD — A former real estate salesman will serve more than three years in federal prison for his role in a mortgage swindle. (Sat, 17 Jun 2006 10:21:18 GMT)

'Option' Mortgages Spelling Trouble
With rising interest rates, interest-only mortgages are beginning to hurt. (Sat, 17 Jun 2006 14:09:02 GMT)

Mortgage firm closing Leominster office
LEOMINSTER -- Sherwood Mortgage Group Inc., a national firm based in Boston, has closed its retail lending operations at its downtown office because of a declining market. (Sat, 17 Jun 2006 15:10:09 GMT)

Mortgage broker can get right loan
With Collin County housing booming, finding a way to finance a home could be a real trick. Who does a home buyer turn to, to get a loan if they have bad or not so great credit? (Sat, 17 Jun 2006 18:22:38 GMT)

Specializing exclusively in Reverse Mortgages Member, National Reverse Mortgage
Specializing exclusively in Reverse Mortgages Member, National Reverse Mortgage Lenders Association (NRMLA) sg © 2005 The Reverse Mortgage Center, LLC, an Equal Housing Lender, Licensed Mortgage Banker, 6 Industrial Way West, Bldg. F, 2nd Floor, Eatontown, NJ 07724, Tel: 1-866-784-9111. (Sun, 18 Jun 2006 02:36:48 GMT)

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