Mortgage News Jun 2006

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‘Sharks’ swimming in area – Experts warn of predatory lending
It may be difficult to craft one narrow definition of all that can constitute predatory lending. It is not difficult, however, to see the broad effects that questionable lending practices have had on residents of the Tuscarawas Valley. (Sun, 18 Jun 2006 03:03:37 GMT)

Mortgage rates rise slightly
Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates further. (Sun, 18 Jun 2006 03:16:57 GMT)

Sketchy lending practices forcing many from their homes
By the time Winston Williams filed for bankruptcy, one of his two mortgage lenders had, too. (Sun, 18 Jun 2006 05:11:26 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, 18 Jun 2006 06:01:24 GMT)

Investigation uncovers racial, ethnic bias in mortgage market
WASHINGTON — Does race or ethnicity affect the interest rate or fees a consumer is quoted on a mortgage? Do mortgage brokers offer the same deals to African American and Latino applicants with identical — or superior — incomes, credit scores and employment histories as they do to white applicants? (Sun, 18 Jun 2006 07:21:58 GMT)

HOME CALENDAR
Single Moms Home Ownership Seminar: Topics will include down payment assistance and loan programs. 6-8 p.m. Wed. at the Northwest Activities Center, 18100 Meyers, Detroit. Sponsored by Flagstar Bank. Free. Call 866-372-6690 anytime. (Sun, 18 Jun 2006 08:56:00 GMT)

Heartbreak along Mockingbird Lane
Margie Ibarra worried about paying $160,500 for half a duplex. She knew she was buying it with no money down and a pair of home loans, one carrying a double-digit interest rate. But she dreamed of spending her life on a peaceful street at the edge of Brighton. (Sun, 18 Jun 2006 08:57:07 GMT)

Read fine print to make sure loan isn't a house of cards
One of the rituals of buying a house or refinancing a mortgage is signing a stack of paperwork. The time it takes to slog through these documents can seem interminable, but can you imagine how time-consuming the process would be if you actually read the stuff you were signing? (Sun, 18 Jun 2006 09:39:17 GMT)

Deadline looming to lock in loan rates
CLEMSON -- Clemson University sophomore John Masslon, like other college student across the nation, is hearing from lots of lenders about his student loan. (Sun, 18 Jun 2006 10:06:01 GMT)

Use your home equity wisely
Lots of people use home equity loans to pay off credit card debt, but did you know it's possible to eliminate the middle man? You can charge that pizza or those new shoes directly to your home equity credit line. (Sun, 18 Jun 2006 10:25:29 GMT)

Apply online and receive $100 off closing costs! Home equity rates are rising...
Apply online and receive $100 off closing costs! Home equity rates are rising... we can help! (Sun, 18 Jun 2006 11:46:09 GMT)

Three Plead Guilty In $20M Loan Scheme
BOSTON -- A trio of defendants dubbed the "three stooges" by one of their lawyers pleaded guilty to their role in a $20 million fraudulent loan scheme to buy construction equipment, the U.S. Attorney's office said. (Sun, 18 Jun 2006 14:17:49 GMT)

‘Sharks’ swimming in area – Experts warn of predatory lending
It may be difficult to craft one narrow definition of all that can constitute predatory lending. It is not difficult, however, to see the broad effects that questionable lending practices have had on residents of the Tuscarawas Valley. (Sun, 18 Jun 2006 17:54:23 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. (Sun, 18 Jun 2006 21:04:31 GMT)

50-year mortgages nice short-term solution
Some shoppers for home mortgages are thinking really long term by taking 40-year or 45-year -- or even 50-year -- loans. The attraction is lower monthly payments, which make these mortgages more manageable for some families. The disadvantage is that consumers can end up paying much more interest over the life of the loan than they would with a traditional 30-year mortgage. (Mon, 19 Jun 2006 07:10:13 GMT)

S&P Keeps Microsoft at Strong Buy
Plus: Analysts comment on Oracle's May quarter results and downgrade Medarex (Mon, 19 Jun 2006 07:17:17 GMT)

More of the Same for Microsoft Stock?
Analysts are split about whether investors should buy. Without a clear catalyst, the stock could remain stuck in its current range (Mon, 19 Jun 2006 07:17:57 GMT)

Canned spam
A simple "hey" is often effective. Hey, this sounds like a friend e-mailing, even if I don't know any Gerard Correa. (Mon, 19 Jun 2006 07:23:18 GMT)

Free Help for Home Buyers in San Diego
Author and Real Estate Broker Brian Yui is offering his Home Buying by the Experts to new clients who complete a loan application. (PRWEB Jun 19, 2006) Trackback URI: http://www.prweb.com/zingpr.php/RmFsdS1QaWdnLVpldGEtU2luZy1JbnNlLVplcm8= (Mon, 19 Jun 2006 07:25:53 GMT)

Rising mortgage rates push buyers from ARMs
Looking to move closer to her job and get a bigger backyard for her son to play in, Dionne Davis bought a three-bedroom, one-bath ranch house in Fairfield, Ohio, early this year. (Mon, 19 Jun 2006 07:33:19 GMT)

Using a reverse mortgage
When Molly Cohen of Belle Harbor, Queens, was about 98, her niece, Rita Cofsky, took out a reverse mortgage for her. Cofsky knew her aunt wanted to stay in her home, which was just five doors away from the beach. (Mon, 19 Jun 2006 08:17:28 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, 19 Jun 2006 08:59:22 GMT)

World Cup Spam: The Inbox is the Goal
MOUNTAIN VIEW, Calif.----June 19, 2006--While the football forwards are playing offense on the field, spammers are making offensive maneuvers of their own, trying to leverage the World Cup for their own gain. (Mon, 19 Jun 2006 09:12:00 GMT)

UK: Norwich Union raises Index-linked Lifetime Mortgage rates
Norwich Union is raising the interest rates on its Index-linked Lifetime Mortgage plans from Monday 19 June 2006. (Mon, 19 Jun 2006 09:34:08 GMT)

Norwich Union raises index-linked lifetime mortgage rates
The annual interest rates on the index-linked lifetime mortgage will be a minimum of 4.69 per cent (4.9 per cent APR) and maximum of 9.93 per cent (10.2 per cent APR). Pipeline cases will be given until Friday 14 July 2006 to complete to qualify for the previous rate after which they will be subject to the new interest rates. (Mon, 19 Jun 2006 10:21:18 GMT)

Bank Muamalat targets RM5.3b loan size by end-2006
Bank Muamalat Bhd has targeted an 18% jump in total loan size to RM5.3 billion by year-end from RM4.5 billion as of May 31, 2005, its chief executive officer Datuk Abdul Manap Abd Wahab said. (Mon, 19 Jun 2006 10:50:31 GMT)

Mortgage of the Week
The Nationwide Building Society is offering a two-year fixed rate deal at a rate of 4.65%, reverting to the standard variable rate for the remaining term of the mortgage, currently 5.89%. The overall cost for comparison is 6% APR. An Early Repayment Charge is payable if you repay all or part of this mortgage during the fixed rate period. (Mon, 19 Jun 2006 11:20:40 GMT)

Land Registry puts mortgage deeds online
All new documents to be scanned and added to world's biggest property database (Mon, 19 Jun 2006 11:27:30 GMT)

WebXtreme Launches New Website GetTheLowestRate.com
Lancaster, PA (PRWEB) June 19, 2006 -- WebXtreme Inc, an online business development company, has launched a new website giving consumers the ability to shop multiple lenders for the lowest rates for refinancing, debt consolidation, home equity or home purchase loan. (Mon, 19 Jun 2006 12:00:00 GMT)

NoJobMortgage.com Offers Home Loans Based Only on Credit History, No Job Needed
Traditionally, home financing has been out of reach for the unemployed, the retired, those with undocumented jobs and those who are newly self-employed, among others. (Mon, 19 Jun 2006 12:10:00 GMT)

FNB to pay R154m to Saambou home loan clients
First National Bank (FNB) will pay a total of R154-million to 50 000 ex-Saambou customers who were overcharged interest on their home loans, FNB announced on Monday. (Mon, 19 Jun 2006 12:13:21 GMT)

FSA orders mortgage lenders to justify exit fees
LONDON (Citywire) - The Financial Services Authority has issued a strong warning that mortgage lenders must be able to justify the increasing exit charges they levy when a mortgage is paid off. (Mon, 19 Jun 2006 13:04:30 GMT)

Governor to sign predatory lending bill at couple's home
Governor to sign predatory lending bill at couple's home (Mon, 19 Jun 2006 15:29:55 GMT)

Mortgage ‘Boss Lady’ Takes Business Back to Basics
By Andrea Gregory When Amy Tierce opened her own mortgage company, she said she was trying to create the company she had always wanted to work for. Having first run the operation out of her home, it wasn’t quite there yet. (Mon, 19 Jun 2006 15:35:52 GMT)

Taft To Sign Predatory Lending Bill At Couple’s Home
COLUMBUS, Ohio -- Ohio Gov. Bob Taft is scheduled to hold a bill-signing ceremony Monday at a Columbus couple's home. The governor's office said Larry and Martha Clay fell victim to fraudulent loan advice from mortgage brokers. (Mon, 19 Jun 2006 16:05:24 GMT)

Supreme Court to hear mortgage-lending appeal
The U.S. Supreme Court will hear an appeal by Michigan authorities who contend individual states can regulate mortgage lending by an operating subsidiary of a national bank. (Mon, 19 Jun 2006 16:05:38 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. (Mon, 19 Jun 2006 16:14:02 GMT)

Late Mortgage Payments Drop Sharply in 1Q
Late mortgage payments dropped sharply in the opening quarter of this year, a big improvement after delinquencies hit a 2 1/2-year high in the closing quarter of last year. (Mon, 19 Jun 2006 17:18:42 GMT)

Foreclosures May Jump As ARMs Reset
In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga. using a hybrid adjustable rate mortgage, or ARM. Her lender reassured her that she could refinance out of the riskier loan into a traditional one when her interest rate started to reset. (Mon, 19 Jun 2006 17:20:52 GMT)

ONLY 0.14%
Three years later, Britten can\'t get a new mortgage and her monthly payment has jumped by a third in six months. She can\'t afford her payments and may face foreclosure if her financial situation doesn\'t change. (Mon, 19 Jun 2006 17:26:25 GMT)

Foreclosures May Jump As ARMs Reset
NEW YORK (AP) - In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga. using a hybrid adjustable rate mortgage, or ARM. Her lender reassured her that she could refinance out of the riskier loan into a traditional one when her interest rate started to reset. Three years later, Britten can't get a new mortgage and her monthly payment has jumped by a third in six months. She (Mon, 19 Jun 2006 17:34:49 GMT)

Fitch Affirms LBUBS 2004-C6
NEW YORK----June 19, 2006--Fitch Ratings affirms LBUBS's commercial mortgage pass-through certificates, series 2004-C6, as follows: $66.5 million class A-1 at 'AAA'; $186.9 million class A-1A at 'AAA'; $222 million class A-2 at 'AAA'; $109 million class A-3 at 'AAA'; $60 million class A-4 at 'AAA'; $54 million class A-5 at 'AAA'; $470.1 million class A-6 at 'AAA'; Interest-only class X-CL at (Mon, 19 Jun 2006 17:41:00 GMT)

Crittenton Home facing financial crisis
For the first time in 87 years, Florence Crittenton Home could not make its bi-weekly payroll for 50 employees last week. Executive Director Robert Powell said the organization will pay its workers the $30,000 today -- two days late. (Mon, 19 Jun 2006 18:11:19 GMT)

Foreclosures May Jump As ARMs Reset
NEW YORK (AP) - In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga. using a hybrid adjustable rate mortgage, or ARM. Her lender reassured her that she could refinance out of the riskier loan into a traditional one when her interest rate started to reset.Three years later, Britten can't get a new mortgage and her monthly payment has jumped by a third in six months. (Mon, 19 Jun 2006 18:15:51 GMT)

Foreclosures may jump as ARMs reset
As more hybrid adjustable rate mortgages adjust upward and housing prices dip, many Americans can't refinance out of this squeeze. They are finding themselves trapped in too-high monthly payments, and some face foreclosures. (Mon, 19 Jun 2006 18:20:10 GMT)

Late mortgage payments drop sharply
WASHINGTON - Late mortgage payments dropped sharply in the opening quarter of this year, a big improvement after delinquencies hit a 2½ -year high in the closing quarter of last year. (Mon, 19 Jun 2006 18:28:20 GMT)

Late mortgage payments drop sharply in first quarter
WASHINGTON Late mortgage payments dropped sharply in the opening quarter of this year, a big improvement after delinquencies hit a two-and-a-half-year high in the closing quarter of last year. (Mon, 19 Jun 2006 18:32:37 GMT)

Foreclosures May Jump As ARMs Reset
As more hybrid adjustable rate mortgages adjust upward and housing prices dip, many Americans can't refinance out of this squeeze. They are finding themselves trapped in too-high monthly payments, and some face foreclosures. (Mon, 19 Jun 2006 18:37:02 GMT)

Adjustable-Rate Mortgages Trapping Some Americans
Adjustable-rate mortgages, or ARMs, a popular tool when interest rates were low, are now testing the finances of many Americans. (Mon, 19 Jun 2006 18:54:02 GMT)

Charter Mortgage opens Placitas branch
Charter Mortgage has opened a residential lending loan production office in Placitas located at 01 Ridge Court. (Mon, 19 Jun 2006 19:07:11 GMT)

Late Mortgage Payments Drop Sharply in Q1
Late mortgage payments dropped sharply in the opening quarter of this year. The improvement was attributed to strong economic growth and a good jobs climate. (Mon, 19 Jun 2006 19:09:03 GMT)

Foreclosures May Jump As ARMs Reset
As more hybrid adjustable rate mortgages adjust upward and housing prices dip, many Americans can't refinance out of this squeeze. They are finding themselves trapped in too-high monthly payments, and some face foreclosures. In 2003, Anita Britten... (Mon, 19 Jun 2006 19:20:32 GMT)

Thornburg Mortgage Appoints KPMG as New Independent Auditors
SANTA FE, N.M.----June 19, 2006--Thornburg Mortgage Inc. announced today that the Audit Committee of the company's board of directors has appointed KPMG LLP as the company's new independent auditors and has dismissed PricewaterhouseCoopers LLP , which has served as the company's independent auditors since 1999. (Mon, 19 Jun 2006 20:05:00 GMT)

Federal Home Loan Bank of Des Moines Dividend Payment Approved
The Federal Home Loan Bank of Des Moines announced today that it has declared a cash dividend of 3.80 percent per annum for the three month period that ended May 31, 2006. The dividend will be credited to members' demand accounts effective with the close of business on June 28, 2006. (Mon, 19 Jun 2006 20:21:34 GMT)

Foreclosures expected to jump
NEW YORK - As more ARMs adjust upward and housing prices begin to dip, many Americans like Britten can't refinance and are finding themselves trapped in too-high monthly payments. For those who can't make their payments, foreclosure is the only way out. (Mon, 19 Jun 2006 20:28:26 GMT)

Ask Our Broker: Online or Around the Corner: Where Should We Shop for a Loan?
Q: My wife and I are senior citizens about to buy our first house. We're thinking of taking out a mortgage for $100,000 and putting up an equal amount in cash. Our real estate broker, who is acting as a dual agent, recommends a local lender. We want to consider an online loan source. (Mon, 19 Jun 2006 20:31:46 GMT)

EBS to launch €1.5bn mortgage backed security
The EBS Building Society is to begin roadshows for a €1.5 billion residential mortgage backed security (RMBS) later this week. Barclays Capital and UBS are the lead managers. (Mon, 19 Jun 2006 20:31:49 GMT)

Mortgage foreclosures and delinquencies decrease
CHICAGO (MarketWatch) -- The strength of the economy and the job market helped residential delinquency and foreclosure rates decrease during the first quarter of 2006, according to the Mortgage Bankers Association's quarterly survey, released Monday. (Mon, 19 Jun 2006 20:36:38 GMT)

Foreclosures may follow rise in ARM rates
As more ARMs adjust upward and housing prices begin to dip, many Americans can't refinance and are finding themselves trapped in too-high monthly payments. For those who can't make their payments, foreclosure is the only way out. (Mon, 19 Jun 2006 22:06:14 GMT)

Mortgage loans feel job pressure
Loss of manufacturing jobs, and their replacement with lower-paid service jobs, has contributed to higher home loan delinquency rates in Georgia and the Deep South, compared with other states. In first-quarter 2006 data, released during a teleconference Monday afternoon, the Mortgage Bankers Association said loan delinquency rates nationwide have increased over the same quarter last year. (Mon, 19 Jun 2006 22:56:24 GMT)

Local residents receive home improvement grants
June in National Home Ownership Month, and the USDA Rural Development housing program recently awarded grants to some newly annexed Rush County homeowners in order to facilitate their connection to city water and sewage services. (Mon, 19 Jun 2006 23:55:10 GMT)

• US Foreclosures may possibly turn into ARMs reset
Many Americans cannot refinance out of this squeeze as more hybrid adjustable rate mortgages adjust upward and housing prices dip. They are finding themselves trapped in too-high monthly payments, and some face foreclosures. (Tue, 20 Jun 2006 00:04:31 GMT)

FSA challenges mortgage lenders to justify exit fees
The Financial Services Authority in the UK has contacted a number of mortgage arrangers requesting justification for a recent trend in increased exit fees. (Tue, 20 Jun 2006 01:07:53 GMT)

Stocks: Not Out of the Woods Yet
Continued volatility could have bearish consequences for the market, says S&P (Tue, 20 Jun 2006 02:17:56 GMT)

Late mortgage payments drop in state, U.S.
Late mortgage payments have decreased in Wisconsin and the nation, thanks mainly to a strong job market, an industry... (Tue, 20 Jun 2006 02:45:14 GMT)

Suffolk proposes mortgage fee hike
The Suffolk County Legislature yesterday requested approval from the State Legislature to increase the cost of mortgages as part of a plan to reduce the county's projected deficit for 2007. (Tue, 20 Jun 2006 02:47:51 GMT)

Foreclosures may jump as ARMs reset
In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga. using a hybrid adjustable rate mortgage, or ARM. Her lender reassured her that she could refinance out of the riskier loan into a traditional one when her interest rate started to reset. (Tue, 20 Jun 2006 03:01:03 GMT)

Economist Says Seek Help For Mortgage Problems
What is foreclosure? A foreclosure occurs when the mortgage lender reclaims the title and rights to a house or property because the borrower is unable to pay the monthly mortgage obligation. The lender may sell the foreclosed property to satisfy the debt. Foreclosures vary in time and process, depending on the state. (Tue, 20 Jun 2006 03:44:08 GMT)

Foreclosures Expected To Increase
NEW YORK - In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga., using a hybrid adjustable rate mortgage. Her lender reassured her that she could refinance out of the riskier loan into a traditional one when her interest rate started to reset. (Tue, 20 Jun 2006 03:44:28 GMT)

Taft signs legislation that blocks predatory lending practices
Larry Clay, 69, and his wife, Martha, 76, had front-row seats in their own backyard Monday as Gov. Bob Taft visited them to sign legislation aimed at cracking down on predatory mortgage lenders. (Tue, 20 Jun 2006 03:48:32 GMT)

New Law Cracks Down on Predatory Lending
Memphis - Seventy-two year old Edgar McDaniel is in the middle of a fight, to keep his home of more than 35 years. He almost lost it when he took out a home improvement loan. (Tue, 20 Jun 2006 04:10:18 GMT)

Foreclosures May Jump As ARMs Reset
By J.W. ELPHINSTONE NEW YORK - In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga. using a hybrid adjustable rate mortgage, or ARM. (Tue, 20 Jun 2006 04:10:22 GMT)

More foreclosures on horizon as rates rise, housing prices drop
As more ARMs adjust upward and housing prices begin to dip, many Americans like Britten can't refinance and are finding themselves trapped in too-high monthly payments. (Tue, 20 Jun 2006 04:19:21 GMT)

Most Czechs have money at home, deposited in current accounts
Prague, June 19 (CTK) - Most Czechs have money deposited in current accounts or have it at home, an April survey by Factum Invenio has revealed. One in two Czech households are drawing a loan, up to CZK 20,000 in particular, and this sum is owed by one in three indebted households. (Tue, 20 Jun 2006 06:05:52 GMT)

Mortgage adjustments spark foreclosures
New York — In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga., using a hybrid adjustable rate mortgage, or ARM. Her lender reassured her that she could refinance out of the riskier loan into a traditional one when her interest rate started to reset. (Tue, 20 Jun 2006 06:31:02 GMT)

Refinancing may compel foreclosures
In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga., using a hybrid adjustable rate mortgage, or ARM. Her lender reassured her that she could refinance out of the riskier loan into a traditional one when her interest rate started to reset. (Tue, 20 Jun 2006 07:09:40 GMT)

Mortgage obligations explored
Question | What is foreclosure? Answer | A foreclosure occurs when the mortgage lender reclaims the title and rights to a house or property because the borrower is unable to pay the monthly mortgage obligation. The lender may sell the foreclosed property to satisfy the debt. Foreclosures vary in time and process depending on the state. (Tue, 20 Jun 2006 07:09:50 GMT)

Foreclosures expected to rise
In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga., using a hybrid adjustable rate mortgage, or ARM. Her lender reassured her that she could refinance out of the riskier loan into a traditional mortgage when her interest rate started to reset. (Tue, 20 Jun 2006 07:11:23 GMT)

Late mortgage payments fell in first quarter
Late mortgage payments dropped sharply in the first quarter of this year, a big improvement after delinquencies hit a 21/2-year high in the last quarter of 2005. (Tue, 20 Jun 2006 07:32:57 GMT)

LowCostTraffic.com Announces New Voice Broadcasting Control Panel that Empowers Mortgage Brokers to Turn On Incoming
Voice Broadcasting Live Transfer call center gives Mortgage Brokers and Loan Officers a powerful new tool that has 200 to 5,000 Live Transfer leads calling them daily or weekly for home refinancing and home equity loans at http://www.lowcosttraffic.com/mlm-telerecruiter.html (PRWEB Jun 20, 2006) Trackback URL: http://www.prweb.com/chachingpr.php/RmFsdS1JbnNlLUZhbHUtU2luZy1JbnNlLVplcm8= (Tue, 20 Jun 2006 07:38:52 GMT)

Trapped in a mortgage
As adjustable rates leap, foreclosures more than double. (Tue, 20 Jun 2006 07:44:21 GMT)

A masterplan for home buyers
Is the time right to buy your dream house? Here's a masterplan to navigate high prices and loan rates. (Tue, 20 Jun 2006 08:07:35 GMT)

A loan that's 'a ticking time bomb'
NEW YORK - In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga., using a hybrid adjustable rate mortgage. Her lender reassured her that she could refinance out of the riskier loan into a traditional one when her interest rate started to reset. (Tue, 20 Jun 2006 08:46:21 GMT)

Mortgage lending jumps in May
LONDON (SHARECAST) - Adding credence to reports of a stronger housing market, a new survey has revealed underlying mortgage lending jumped at its fastest pace in two years last month. (Tue, 20 Jun 2006 08:52:27 GMT)

Foreclosures expected to jump as riskier adjustable mortgages reset
NEW YORK (AP) - In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga. using a hybrid adjustable rate mortgage, or ARM. Her lender reassured her that she could refinance out of... (Tue, 20 Jun 2006 08:53:17 GMT)

May sees bumper mortgage lending
Gross mortgage lending reaches £28.7bn in May, the second-highest monthly figure on record, say lenders. (Tue, 20 Jun 2006 09:25:37 GMT)

May sees bumper mortgage lending
Gross mortgage lending reaches £28.7bn in May, the second-highest monthly figure on record, say lenders. (Tue, 20 Jun 2006 09:26:03 GMT)

May mortgage lending rise biggest in 2 years
LONDON (Reuters) - Underlying mortgage lending rose by its biggest amount in just over two years in May, British Bankers' Association data showed on Tuesday, suggesting a property market revival this year remains intact. (Tue, 20 Jun 2006 09:51:50 GMT)

Students hone in on home ownership
Buying a home is one of the top priorities for Australian university graduates, but high property prices and lack of a deposit are stopping them from doing so. (Tue, 20 Jun 2006 09:54:53 GMT)

Mortgage Lending At All-Time High
The housing market has been given a boost with lending figures hitting an all-time high. Mortgage approvals totalled more than ?4.5bn last month, said the Building Societies Association. (Tue, 20 Jun 2006 10:05:43 GMT)

Students hone in on home ownership
Buying a home is one of the top priorities for Australian university graduates, but high property prices and lack of a deposit are stopping them from doing so, new research shows. (Tue, 20 Jun 2006 10:12:57 GMT)

Mortgage delinquency rate drops
The strength of the economy and the job market helped residential delinquency and foreclosure rates decrease during the first quarter of 2006, according to the Mortgage Bankers Association's quarterly survey, released Monday. (Tue, 20 Jun 2006 10:18:38 GMT)

Mortgage foreclosures rise in Ohio in quarter
The percentage of delinquent mortgage payments declined in Ohio and Michigan as well as nationwide during the first quarter, but foreclosures were on the rise in the Buckeye State, according to a quarterly survey released yesterday. (Tue, 20 Jun 2006 10:38:23 GMT)

Mortgage Exit Fees Under Fire
Mortgage lenders are being told to review their exit fees on the grounds that they may be unfairly priced. (Tue, 20 Jun 2006 10:42:14 GMT)

Floridians missing home loan payments
More Floridians are falling behind on their home loans, as interest rates on adjustable mortgages rise, insurance premiums soar and inflationary pressures like high gasoline prices take their toll on family budgets. (Tue, 20 Jun 2006 10:44:36 GMT)

U.K. Mortgage Lending at 11-Year High
Mortgage lending in Britain hit an 11-year high in May, the Council of Mortgage Lenders reported Tuesday. May lending of 28.7 billion pounds was up 18 percent from the previous month and 30 percent from the previous May, the council said. (Tue, 20 Jun 2006 11:11:25 GMT)

U.K. Mortgage Lending at 11-Year High
Mortgage lending in Britain hit an 11-year high in May, the Council of Mortgage Lenders reported Tuesday. May lending of 28.7 billion pounds (euro42 billion, US$52.9 billion) was up 18 percent from the previous month and 30 percent from the previous May, the council said. (Tue, 20 Jun 2006 11:21:21 GMT)

Majali's loan: Probe continues
The investigation into an alleged conflict of interest in a home loan to Social Development Minister Zola Skweyiya's wife from Imvume Investments is at an advanced stage, the Public Protector said on Tuesday. (Tue, 20 Jun 2006 11:43:19 GMT)

Predatory-lending protections to take effect Jan. 1
Sitting in the backyard of a Franklinton couple described as the faces of predatory-lending victims in Ohio, Gov. Bob Taft yesterday signed into law tough new protections against deceptive mortgage-lending deals. (Tue, 20 Jun 2006 11:47:14 GMT)

Interest Rates Squeezing Consumers This Summer Reports TransUnion's TrueCredit.com
SAN LUIS OBISPO, Calif.----June 20, 2006--Rising interest rates are squeezing consumers' pocketbooks this summer, especially when it comes to managing mortgage costs. A new survey conducted by Roper Public Affairs for TransUnion's TrueCredit.com finds 27 percent of homeowners think higher interest rates will make it difficult to make mortgage payments. (Tue, 20 Jun 2006 12:00:00 GMT)

Mortgage Web Sites: Trust Me, I'm Easy
NEW YORK----June 20, 2006--If you are buying a new home or refinancing an existing one, finding and doing business with a mortgage lender is about as pleasant as spending a week at sea on a 4 x 8 sheet of plywood. (Tue, 20 Jun 2006 12:00:00 GMT)

Mortgage lending on the up
Mortgage lending strengthened during May to £28.7bn, the second highest monthly figure on record, as personal debt levels continued their seemingly inexorable rise. (Tue, 20 Jun 2006 12:06:16 GMT)

Floridians missing home loan payments
More Floridians are falling behind on their home loans, as interest rates on adjustable mortgages rise, insurance premiums soar and inflationary pressures like high gasoline prices take their toll on family budgets. (Tue, 20 Jun 2006 12:32:22 GMT)

Probe continues into loan to minister's wife
The investigation into an alleged conflict of interests in a home loan to Social Development Minister Zola Skweyiya's wife from Imvume Investments is at an advanced stage, the public protector has said. (Tue, 20 Jun 2006 12:42:14 GMT)

• Missing Home Loan Payments in Florida
Contributing to a rise in foreclosures and late payments on loans in Florida are the inflationary pressures, adjustable rates and other factors. Florida's rise in delinquent mortgages when compared to a year ago mirrors national patterns. Now, foreclosures remain near historic lows in the state. (Tue, 20 Jun 2006 12:49:32 GMT)

Late mortgage payments fall sharply
WASHINGTON - Late mortgage payments dropped sharply in the opening quarter of this year, a big improvement after delinquencies hit a 2 1 / 2 -year high in the closing quarter of last year. (Tue, 20 Jun 2006 13:12:06 GMT)

Welcome to www.sanmiguelchronicles.com
Looking to find mortgages? Visit our mortgages guide. Refinance now, poor credit OK. Compare lenders and Get Lower! Mortgage Rates As Low As 2.9%. No Obligation - Bad Credit OK! (Tue, 20 Jun 2006 14:11:17 GMT)

Welcome to www.sanmiguelchronicles.com
Fast Home Refi, Good Credit Or Not. Countrywide®. 4 out of 5 approved! Learn How to Refinance. Avoid The Top 5 Refinancing Mistakes! $150,000 loan for $381/month. Apply online today! (Tue, 20 Jun 2006 14:11:27 GMT)

Loan to minister's wife: probe continues
The investigation into an alleged conflict of interests in a home loan to the wife of Zola Skweyiya, the social development minister, from Imvume Investments, is at an advanced stage, Lawrence Mushwana, the public protector, said. (Tue, 20 Jun 2006 14:28:28 GMT)

Mortgage lending hits May high
The amount of money lent for mortgages neared a record high in May, figures showed today. A total of £28.7bn was lent to buyers and remortgagors last month, one of the highest figures since records began in 1995, the Council of Mortgage Lenders (CML) said. (Tue, 20 Jun 2006 14:56:07 GMT)

Mortgage delinquency rate drops
The strength of the economy and the job market helped residential delinquency and foreclosure rates decrease during the first quarter of 2006, according to the Mortgage Bankers Association's quarterly survey, released Monday. (Tue, 20 Jun 2006 15:30:07 GMT)

Fitch Upgrades 3 Classes of ASC Commercial Mortgage P-T Ctfs, Series 1996-D2
NEW YORK----June 20, 2006--Fitch upgrades Asset Securitization Corporation, commercial mortgage pass-through certificates, Series 1996-D2 as follows: $52.8M class A-2 to 'AAA' from 'AA'; $52.8M class A-3 to 'AAA' from 'A'; $35.1M class A-4 to 'A-' from 'BBB-'. (Tue, 20 Jun 2006 15:51:00 GMT)

Fitch Upgrades 10 Classes in Prudential Commercial Mortgage Series 2003-PWR1
::► Fitch Upgrades 10 Classes in Prudential Commercial Mortgage Series 2003-PWR1◄:: Fitch upgrades Prudential Commercial Mortgage Trust (PCMT) commercial mortgage pass-through certificates, series 2003-PWR1, as follows: -- $32.4 million class B to 'AAA' from 'AA'; -- ... (Tue, 20 Jun 2006 17:43:18 GMT)

American Mortgage to Review Offer
American Mortgage Acceptance Co., a real estate investment trust, said Tuesday it formed a special committee to review CharterMac's recent offer to acquire the membership interests of ARCap Investors LLC. (Tue, 20 Jun 2006 17:56:42 GMT)

Superior Bank beats local competition in Q1 mortgage originations
Superior Bank ranked No. 1 among Birmingham-based banks in mortgage originations in the first quarter of this year, according to The Mortgage Report. (Tue, 20 Jun 2006 19:12:32 GMT)

Mortgage workshop planned Wednesday
A mortgage workshop will be held from 6 to 8 p.m. Wednesday at the Bear Library, 101 Governors Place. The workshop will offer instruction on how to understand your credit report, shop for a mortgage and, how to keep your mortgage current and prevent the loss of your home to foreclosure, state Deputy Bank Commissioner Gerry Kelly said. The event is free and open to the public. Dinner will be (Tue, 20 Jun 2006 19:23:10 GMT)

South Carolina Electric & Gas Company Announces Debt Refinancing
South Carolina Electric & Gas Company announced today that it sold, in a negotiated offering, $125 million principal amount of its First Mortgage Bonds, 6.25 percent series due July 1, 2036. (Tue, 20 Jun 2006 19:52:00 GMT)

NeighborWorks(R) Organizations Prepare for Increase In Mortgage Delinquency and Demand for Budget Counseling
WASHINGTON----June 20, 2006--NeighborWorks® organizations operating in more than 4,400 communities are gearing up for an expected influx of homeowners seeking mortgage and budget counseling as rising interest rates, slowing home price appreciation and mortgage payment changes combine to push many homeowners into delinquency, budget straits or both. (Tue, 20 Jun 2006 20:40:00 GMT)

Gershman Mortgage closes $7M in loans
Mortgage lenders Gershman Mortgage recently closed loans totaling about $6.9 million for three commercial developments in Missouri. (Tue, 20 Jun 2006 20:47:18 GMT)

Annaly Mortgage Ups Quarterly Dividend
Real estate investment trust Annaly Mortgage Management Inc. said Tuesday that its board increased its quarterly dividend to 13 cents per share from a prior payout of 11 cents. (Tue, 20 Jun 2006 21:30:59 GMT)

Rupert Pederson: Freak-out dancing is his profession; refinancing your mortgage at a low, low rate is his passion (This
(Tue, 20 Jun 2006 21:35:59 GMT)

LeadPoint to Reach Over 130,000 U.S. Mortgage Brokers Through Partnership With Ellie Mae
LeadPoint*, the premier platform for buying and selling leads in a free market environment, announced today that Ellie Mae, an award-winning provider of innovative software and services for the mortgage industry, has integrated LeadPoint into its Encompass Mortgage Automation System. (Tue, 20 Jun 2006 21:50:00 GMT)

A happy mortgage tip-off
James Kindon, 30, a solicitor from Reading, went to mortgage broker London & Country after his colleague Sarah Appleyard recommended the firm and received some M&S vouchers. (Wed, 21 Jun 2006 00:01:48 GMT)

Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Wed, 21 Jun 2006 00:08:22 GMT)

UK mortgage lending accelerates
Talk of the end of the recent mini-boom in the UK housing market may be premature, given figures yesterday showing the biggest net monthly jump in mortgage lending for more than two years. (Wed, 21 Jun 2006 01:05:26 GMT)

Put a Lid on Rising Mortgage Payments
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Wed, 21 Jun 2006 03:27:31 GMT)

Suffolk proposes mortgage fee hike
The Suffolk County Legislature yesterday requested approval from the State Legislature to increase the cost of mortgages as part of a plan to reduce the county's projected deficit for 2007. (Wed, 21 Jun 2006 04:29:18 GMT)

Mortgage rates are rising again
Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates further. (Wed, 21 Jun 2006 05:12:49 GMT)

U.K. mortgage lending shows record rise in May
Mortgage lending in the U.K. rose by its biggest margin in just over two years in May, indicating in clear terms that the revival of the property market in the country remained intact at least for now. (Wed, 21 Jun 2006 06:40:19 GMT)

MAKE A DIFFERENCE: Funeral costs force request for help with mortgage
Sabina Massey, director of the Bryan Station High School Youth Center, submitted two cases to Lex-Care this week. The first case is a single mother of one who needs $500 to make a past-due mortgage payment. She is employed full-time, and finances were in order until her grandmother died. She helped pay for the funeral services and headstone, but she fell behind on her mortgage. (Wed, 21 Jun 2006 07:06:43 GMT)

BestRates4U WebSite Launched to Help Borrowers In Step One Of The Home Loan Process
Internet Web Site Launched to help borrowers with the first step of loan applications and finding a lender that will work for them. (PRWEB Jun 21, 2006) Trackback URL: http://www.prweb.com/chachingpr.php/WmV0YS1TaW5nLUNyYXMtU2luZy1JbnNlLVplcm8= (Wed, 21 Jun 2006 07:42:24 GMT)

Foreclosures on homes expected to jump as adjustable mortgages climb higher
NEW YORK -- In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga. using a hybrid adjustable rate mortgage, or ARM. Her lender reassured her that she could refinance out of the riskier loan into a traditional one when her interest rate started to reset. (Wed, 21 Jun 2006 08:06:00 GMT)

Mortgage Web Sites: Trust Me, I'm Easy; New Report Looks at How Lender Sites Are Creating Consumer Trust and Making the
If you are buying a new home or refinancing an existing one, finding and doing business with a mortgage lender is about as pleasant as spending a week at sea on a 4 x 8 sheet of plywood. (Wed, 21 Jun 2006 08:43:08 GMT)

Sabban Property Investments and Commercialbank host exclusive mortgage seminar in Qatar
Sabban Property Investments (SPI), in association with Commercialbank, yesterday hosted a seminar for the general public to provide details of their innovative new mortgage scheme in Qatar, designed to provide easy and affordable finance for customers of the prestigious Sabban Towers on Porto Arabia, the main marina of The Pearl-Qatar. (Wed, 21 Jun 2006 09:08:38 GMT)

Record for the mortgage lenders
MORTGAGE lending strengthened during May, reflecting the upturn in consumer confidence, new figures show. (21/06/2006 11:36:10) (Wed, 21 Jun 2006 10:50:19 GMT)

Home loan demand drops as rates hit 4-year high
U.S. mortgage applications fell slightly last week, led by a decline in home refinancing loans as interest rates hit their highest in four years, an industry trade group said on Wednesday. (Wed, 21 Jun 2006 11:02:29 GMT)

Home loan demand drops as rates hit 4-year high
NEW YORK (Reuters) - U.S. mortgage applications fell slightly last week, led by a decline in home refinancing loans as interest rates hit their highest in four years, an industry trade group said on Wednesday. (Wed, 21 Jun 2006 11:02:29 GMT)

U.S. MBA's Mortgage Applications Index Fell 0.8% Last Week
June 21 (Bloomberg) -- U.S. mortgage applications fell last week as borrowing costs rose to the highest in more than four years, suggesting further weakness in the housing market. (Wed, 21 Jun 2006 11:07:17 GMT)

BestRates4U WebSite Launched to Help Borrowers In Step One Of The Home Loan Process
Glendale, CA (PRWEB) June 21, 2006 -- VisionQwest Resource Group, Inc. (Wed, 21 Jun 2006 12:00:00 GMT)

Mortgage lending up
MORTGAGE lending strengthened during May, reflecting the upturn in consumer confidence, figures showed. A total of £28.7bn was advanced through home loans during the month - the strongest May figure since records began in 1995, according to the Council of Mortgage Lenders. (Wed, 21 Jun 2006 12:01:54 GMT)

Mortgage lending surges to near-record levels
Banks and building societies lent £28.7bn to homebuyers last month - the second-highest monthly figure on record. Yesterday's figures from the Council of Mortgage Lenders provide fresh evidence of the strength of the market, particularly in London. (Wed, 21 Jun 2006 12:11:07 GMT)

Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Wed, 21 Jun 2006 12:17:27 GMT)

Mortgage applications fall, MBA says
Interest rates on 30-year mortgages reach 6.73%, a four-year high; housing picture mixed. (Wed, 21 Jun 2006 12:33:52 GMT)

Put a Lid on Rising Mortgage Payments
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Wed, 21 Jun 2006 12:39:02 GMT)

Mortgage Applications Fall as Interest Rates Rise
The highest interest rates in four years led to a decline in mortgage applications last week. (Wed, 21 Jun 2006 12:39:12 GMT)

New World Mortgage forms subsidiary
New World Mortgage Inc. has formed a commercial-property lending subsidiary to meet increasing demand from entrepreneurs, business owners and investors. (Wed, 21 Jun 2006 12:44:11 GMT)

Waterfields set to invest in mortgage company
A third generation of the Waterfield family plans to invest in a local mortgage operation. J. Randall Waterfield and Richard R. Waterfield, founders of Affinity Financial Corp., a 10-year-old Internet bank, will join with Deborah Sturges to create a mortgage business that will hire some of the local workers who lost jobs when Waterfield Mortgage Co.’s local offices were closed this year, Sturges (Wed, 21 Jun 2006 12:46:28 GMT)

Wells Fargo Financial Canada launches 40-year mortgage
Wells Fargo Financial Corp. Canada announced today it is introducing a 40-year mortgage that will be available nationwide through its 165-store network across Canada and through registered mortgage brokers and their agents. (Wed, 21 Jun 2006 13:00:08 GMT)

Home loan demand drops as rates hit high
U.S. mortgage applications fell slightly last week, led by a decline in home refinancing loans as interest rates hit their highest level in four years, an industry trade group said on Wednesday. (Wed, 21 Jun 2006 13:04:58 GMT)

Fitch Rates $1.01B NovaStar Mortgage Funding Trust, Series 2006-2
::► Fitch Rates $1.01B NovaStar Mortgage Funding Trust, Series 2006-2◄:: Fitch rates NovaStar Mortgage Funding Trust's $1.01 billion home equity loan asset-backed certificates, series 2006-2, which closed on June 15, 2006, as follows: -- $862.8 million classes ... (Wed, 21 Jun 2006 14:29:25 GMT)

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