Mortgage News Jun 2006

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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 14:42:55 GMT)

Manage your mortgage, save thousands
By now, rebalancing your retirement savings should be second nature (it is, right?). But it's not just the asset side of your personal balance sheet that needs tending to. (Wed, 21 Jun 2006 14:48:52 GMT)

Arts Center mortgage is paid in full
Chuck Law, Art Center of the Grand Prairie director, lets out a sigh and wipes his forehead when he takes the paper, showing the paid mortgage on the property of the Art Center of the Grand Prairie, out of its envelope. (Wed, 21 Jun 2006 16:01:45 GMT)

Home loan demand drops as rates hit 4-year high
U.S. mortgage applications fell slightly last week, driven 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 16:51:31 GMT)

Weekly Home Mortgage Rates
Weekly Home Mortgage Rates (Wed, 21 Jun 2006 19:29:08 GMT)

Home Mortgages
Home Mortgages (Wed, 21 Jun 2006 19:40:58 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 21, 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, 21 Jun 2006 21:04:59 GMT)

FHB suspended on news of possible tax on mortgage subsidies
THE Hungarian government's plan to replace the extraordinary bank tax with a 20% tax on government mortgage subsidies raised bank concerns last week. (Wed, 21 Jun 2006 22:10:19 GMT)

Ron Chapman, Legendary Radio Personality, to be Special Co-Host on The CTX Mortgage Show on 105.3 Free FM This
For the first time in a year, legendary radio personality Ron Chapman is making a one-time return to radio as co-host for the popular The CTX Mortgage Show on KLLI 105.3 Free FM this Saturday, June 24th from 10 am to noon. (Wed, 21 Jun 2006 22:11:00 GMT)

PriceMyLoan Urges Mortgage Lenders: Take Our Accuracy Challenge
PriceMyLoan.com, a fully automated mortgage underwriting and loan pricing engine, is issuing a challenge to mortgage bankers and lenders: Try PriceMyLoan and you'll find it to be the most accurate engine in its class. (Wed, 21 Jun 2006 23:05:34 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 23:09:22 GMT)

Late mortgage payments drop sharply
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. (Thu, 22 Jun 2006 02:15:25 GMT)

Home loan schemes targeted
Rep. Randy Johnson promised Wednesday that if he wins the election for chief financial officer this November, he would use his "bully pulpit" to urge legislators to crack down on predatory lending schemes that are bankrupting so many Florida homeowners. (Thu, 22 Jun 2006 04:24:59 GMT)

Home loan schemes targeted
Rep. Randy Johnson promised Wednesday that if he wins the election for chief financial officer this November, he would use his "bully pulpit" to urge legislators to crack down on predatory lending schemes that are bankrupting so many Florida homeowners. (Thu, 22 Jun 2006 04:25:56 GMT)

All about tax benefits on home loans
If you take a home loan, you are entitled to a host of tax breaks. (Thu, 22 Jun 2006 04:53:42 GMT)

Arrow Mortgage CORPORATION Your Dream ... .First-time homebuyer options .100%
Arrow Mortgage CORPORATION Your Dream ... (Thu, 22 Jun 2006 06:16:09 GMT)

Sabban Property Investments hosts exclusive mortgage seminar in Qatar
Sabban Property Investments (SPI) one of the established real estate developers in the Middle East, together with Commercialbank, hosted on June 21, a seminar on their innovative new mortgage scheme in Qatar, designed to provide easy finance for customers of Sabban Towers on Porto Arabia, the main marina of The Pearl-Qatar. (Thu, 22 Jun 2006 07:35:09 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 Local resident Supplement retirement income with Tax-Free Cash Example: Age 70 Home Value: $300,000 Reverse Mortgage Proceeds: $1,008 PER MONTH FOR LIFE If you are a homeowner 62 years (Thu, 22 Jun 2006 07:46:37 GMT)

No-check loan costly
Hempstead man seeks damages, saying estranged wife used imposter to sign name for cash-out refinance All seemed right on the April day when the Palmers refinanced their house. The mortgage agent, the bank representative, the notary public were all there at the Nations Title Agency of New York office in Garden City. The couple was there, signing all the required documents on the dotted line. (Thu, 22 Jun 2006 08:35:53 GMT)

India's Union Bank to review home loan, deposit rates
MUMBAI, June 22 (Reuters) - State-run Union Bank of India will review interest rates on home loans and deposits next week, M. V. Nair, chairman and managing director, told reporters on Thursday. (Thu, 22 Jun 2006 09:07:14 GMT)

Long-term mortgage rates hit 4-year high
The traders who price mortgage rates this week decided en masse that the Fed may not stop raising rates soon, causing the 30-year fixed rate to leap to 6.83 percent. (Thu, 22 Jun 2006 10:00:00 GMT)

Countrywide adds loan consultant
Vincent Garcia is a new home loan consultant for Countrywide Home Loans in Lawrence. He works out of the company’s office at 4931 W. Sixth St., and may be reached at 865-4300. (Thu, 22 Jun 2006 11:20:30 GMT)

Bankrate: Fixed Mortgage Rates Climb to Highest Level in More Than Four Years
Fixed mortgage rates continued to rise this week. The average 30-year fixed rate mortgage jumped from 6.71 percent to 6.83 percent, according to Bankrate.com's weekly national survey of large lenders. (Thu, 22 Jun 2006 11:30:00 GMT)

Cardinal Communications' Lighthouse Lending Division Announces an Independent Mortgage Broker Affiliation With Union
Cardinal Communications, Inc. , a diversified provider of bundled digital communications and video-on-demand services, and a specialized developer of residential real estate, today announced that its Lighthouse Lending mortgage division has entered into an agreement with Union Colony Bank of Greeley to operate as an independent mortgage broker providing on-site mortgage loan services. (Thu, 22 Jun 2006 12:00:00 GMT)

Hyland Software Named as Top 25 Vendor by Mortgage Technology
CLEVELAND----June 22, 2006--Mortgage Technology magazine has recognized Hyland Software Inc., developer of OnBase® enterprise content management software, as one of the Top 25 Vendors in the mortgage technology industry. (Thu, 22 Jun 2006 12:00:00 GMT)

How to Protect Yourself from Mortgage Fraud
Jun 22, 2006 7:21 a.m. SPRINGFIELD, Ill. -- Mortgage fraud is a crime FBI officials say has the potential of being a financial "epidemic." Hundreds of homeowners have been duped by unscrupulous mortgage lenders -- robbing them of their hard-earned money -- and their homes. (Thu, 22 Jun 2006 12:08:06 GMT)

Katan's home loan scheme
ISRAELI striker Yaniv Katan has left West Ham to rejoin his former club Maccabi Haifa on loan, writes Laura Burkin. Katan (pictured) made his debut for West Ham just a few weeks after his arrival in January, coming on as a substitute in the FA Cup third round tie at Norwich. (Thu, 22 Jun 2006 12:13:01 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? (Thu, 22 Jun 2006 12:23:39 GMT)

Ukraine's International Mortgage Bank to float 45% of its shares by July
KYIV. June 22 (Interfax) - Kyiv-based International Mortgage Bank is planning an initial public offering (IPO) to sell 45% of its shares on the Frankfurt Stock Exchange by the end of June, Tomas Fiala, managing director at Dragon Capital, the organizer of the IPO, told reporters on Thursday. (Thu, 22 Jun 2006 12:42:34 GMT)

Woman arrested in home mortgage scam
A Hempstead woman was arrested yesterday for having her ex-husband's name forged in a scam to get $30,000 to refinance their home's mortgage, Nassau police said. (Thu, 22 Jun 2006 14:34:56 GMT)

Big jump in U.S. mortgage rates
NEW YORK, June 22 (UPI) -- U.S. fixed mortgage rates rose this week, with the average 30-year fixed rate climbing from 6.71 percent to 6.83 percent. (Thu, 22 Jun 2006 14:39:58 GMT)

Mortgage Information and Mortgage News is the Foundation for Mortgage Blog Spot
ORLANDO, Fla.----June 22, 2006--Mortgage Blog Spot, http://www.mortgageblogspot.com , was officially launched today, providing all consumers with valuable mortgage information, options, rates, and the latest mortgage related news all in a blog format. (Thu, 22 Jun 2006 15:09:00 GMT)

30-year mortgage hits 4-year high
Mortgage rates jumped to a four-year high this week as worries about inflation led investors to believe that more Fed rate hikes are on the way, Freddie Mac said Thursday. (Thu, 22 Jun 2006 15:34:07 GMT)

Bankrate: Fixed Mortgage Rates Climb to Highest Level in More Than Four Years
NEW YORK, June 22 /PRNewswire-FirstCall/ -- Fixed mortgage rates continued to rise this week. (Thu, 22 Jun 2006 15:45:03 GMT)

Mortgage rates reach four-year high
Mortgage rates jumped significantly this week. Freddie Mac's weekly report says 30-year fixed-rate mortgages now average 6.71 percent, up from 6.63 percent a week ago and up from 5.57 percent a year ago. It is the highest 30-year mortgages have been since March 2002. (Thu, 22 Jun 2006 18:07:24 GMT)

Wachovia to sell mortgage unit to Barclays
Wachovia Corp. has agreed to sell the U.S. mortgage-servicing business of HomEq Servicing Corp. to Barclays Bank plc for $469 million. (Thu, 22 Jun 2006 18:08:49 GMT)

Barclays buys mortgage servicing business
Barclays Plc said on Thursday it agreed to buy the business of HomEq Servicing Corp., a company that collects mortgage payments from borrowers, from U.S. bank Wachovia Corp. for $469 million. (Thu, 22 Jun 2006 18:10:08 GMT)

Mortgage rates reach four-year high
Mortgage rates jumped significantly this week. (Thu, 22 Jun 2006 18:12:48 GMT)

Barclays buys mortgage servicing business
LONDON/NEW YORK (Reuters) - Barclays Plc said on Thursday it agreed to buy the business of HomEq Servicing Corp., a company that collects mortgage payments from borrowers, from U.S. bank Wachovia Corp. ( (Thu, 22 Jun 2006 18:21:44 GMT)

Barclays buys mortgage servicing business
LONDON/NEW YORK (Reuters) - Barclays Plc BARC.L said on Thursday it agreed to buy the business of HomEq Servicing Corp., a company that collects mortgage payments from borrowers, from U.S. bank Wachovia Corp. WB.N for $469 million. (Thu, 22 Jun 2006 18:23:01 GMT)

Mortgage rates up again
CHICAGO (MarketWatch) -- Mortgage rates headed northward again for the week ending June 22, with 1-year ARMs just lower than they were in early August 2001, according to Freddie Mac's weekly survey, released Thursday. (Thu, 22 Jun 2006 18:31:54 GMT)

Barclays buys mortgage servicing business
Barclays Plc said on Thursday it agreed to buy the business of HomEq Servicing Corp., a company that collects mortgage payments from borrowers, from U.S. bank Wachovia Corp. for $469 million. (Thu, 22 Jun 2006 18:36:34 GMT)

Union Bank to up home loan, trade finance rates
Union Bank of India is likely to raise the lending rates for home loans and trade finance by up to 50 basis points and also revise the term deposit rates in a week's time. (Thu, 22 Jun 2006 18:38:39 GMT)

1:59 pm | Wachovia sells mortgage servicing unit
London-based Barclays Bank PLC on Thursday said it was buying a mortgage servicing business from Charlotte-based Wachovia Corp. for $469 million. (Thu, 22 Jun 2006 18:40:18 GMT)

Mortgage rates climb on Fed rate worries
Mortgage rates rose this week with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation. (Thu, 22 Jun 2006 18:53:38 GMT)

Mortgage Industry Veteran Dave Hershman Signs Exclusive Partnership Agreement With HouseValues
HouseValues Inc. (NASDAQ: SOLD), theonline real estate and mortgage industry's leading marketing servicescompany, announced today that it has formed an exclusive partnership withmortgage industry veteran Dave Hershman to help the company acceleratecustomer acquisition within the mortgage industry. Offering his expertisefrom more than 20 years in mortgage, Hershman will serve as a keynotespeaker (Thu, 22 Jun 2006 19:05:55 GMT)

Barclays buys HomeEq's mortgage servicing business
Barclays Bank on Thursday agreed to pay $469 million to buy the mortgage servicing business of HomEq Servicing Corp. from Wachovia Corp. (Thu, 22 Jun 2006 19:08:31 GMT)

Barclays buys HomeEq's mortgage servicing business
Barclays Bank on Thursday agreed to pay $469 million to buy the mortgage servicing business of HomEq Servicing Corp. from Wachovia Corp. (Thu, 22 Jun 2006 19:08:31 GMT)

Mortgage Rates Climb on Fed Rate Worries
Washington (AP) - Mortgage rates rose this week with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation.Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages rose to a nationwide average of 6.71 percent, up from 6.63 percent last week. (Thu, 22 Jun 2006 19:31:11 GMT)

Mortgage rates hit 4-year high
Mortgage rates rose this week with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages rose to a nationwide average of 6.71 percent, up from 6.63 percent last week. In the Southeast the rate was slightly lower at 6.68 percent. (Thu, 22 Jun 2006 19:41:39 GMT)

• US Dropping Home Loan Demand while Rates Hit 4-year High
An industry trade group said on Wednesday that U.S. mortgage applications fell slightly last week. This was driven by a decline in home refinancing loans as interest rates hit the highest in four years. (Thu, 22 Jun 2006 20:34:40 GMT)

Mortgage Rates Climb on Fed Rate Worries
Mortgage Rates Climb to Highest in More Than 4 Years on Fed Rate Worries, Freddie Mac Reports (Thu, 22 Jun 2006 21:01:23 GMT)

Mortgage Rates Climb on Fed Rate Worries
WASHINGTON (AP) - Mortgage rates rose this week with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages rose to a nationwide average of 6.71 percent, up from 6.63 percent last week. It was the highest level for 30-year mortgages since they (Thu, 22 Jun 2006 21:02:45 GMT)

Bankrate: Fixed Mortgage Rates Climb to Highest Level in More Than Four Years
RISMEDIA, June 23, 2006—Fixed mortgage rates continued to rise this week. The average 30-year fixed rate mortgage jumped from 6.71 percent to 6.83 percent, according to Bankrate.com's weekly national survey of large lenders. The 30-year fixed rate mortgages in this week's survey had an average of 0.33 discount and origination points. (Thu, 22 Jun 2006 22:06:53 GMT)

Why not negotiate?
The median first-time home buyer last year purchased a $150,000 home with a 3% down payment. That means the buyer would have taken out a $145,500 loan and paid more than $4,000 in closing costs and settlement fees almost as much as the down payment. What many home buyers don't know is that a lot of those fees are negotiable. Here's a look at what fees you would pay buying a median-priced home in (Fri, 23 Jun 2006 03:55:18 GMT)

S.Korean banks dip after pressure on mortgage loans
SEOUL, June 23 (Reuters) - Shares in major South Korean banks dropped on Friday as they tightened new mortgage lending after regulatory officials warned against excessive growth in lending. (Fri, 23 Jun 2006 04:03:00 GMT)

Best to get rid of credit line and get fixed-rate loan
Q: I have a home equity line of credit. When I took it out two years ago the interest rate was really low. But now it’s more than the rate on my first mortgage. I want to get out from under this. What are my options? (Fri, 23 Jun 2006 04:07:12 GMT)

Results for home :
Fast Home Loans Nationwide home loans, all loan types and fast approvals with competitive rates. www.homeloans.fundingway.com - sponsored listing Home Decor Items and Furnishings on eBay eBay has the great home-decor items on right here. (Fri, 23 Jun 2006 05:33:19 GMT)

30-year mortgage rates hit four-year high
WASHINGTON | Mortgage rates rose this week, with 30-year mortgages climbing to the highest level in more than four years. (Fri, 23 Jun 2006 07:05:14 GMT)

RETIREMENT: Reverse mortgage a last resort
Question | My husband and I hope to retire in 2011 when we will be 62, and we would like to get a reverse mortgage to help pay for our retirement. What do you think? (Fri, 23 Jun 2006 07:10:42 GMT)

High costs scare off borrowers
U.S. mortgage applications fell last week as the highest borrowing costs in more than four years discouraged Americans from refinancing. (Fri, 23 Jun 2006 08:03:43 GMT)

Applications for home loans decrease nearly 1%
U.S. mortgage applications fell last week as the highest borrowing costs in more than four years discouraged Americans from refinancing. The Mortgage Bankers Association's index of applications to buy a home or refinance an existing loan declined 0.8%, from 571.9 to 567.6 last week. (Fri, 23 Jun 2006 09:01:44 GMT)

Mortgage rates rise on inflation fears
Mortgage rates rose this week, and 30-year mortgages climbed to the highest level in more than four years on investor fears about inflation. Freddie Mac reported Thursday that interest rates on 30-year, fixed-rate mortgages rose to a nationwide average of 6.71%, up from 6.63% last week. (Fri, 23 Jun 2006 09:01:58 GMT)

Lenders set to launch the 'five-minute mortgage'
A number of specialist mortgage lenders are drawing up plans for instant mortgage approvals that would give house hunters access to immediate mortgage offers without even requiring them to obtain a formal property valuation. (Fri, 23 Jun 2006 12:05:37 GMT)

Mobius launches Mortgage-Mate
The online tool uses a sliding mechanism to help customers understand their mortgages. Mortgage-Mate™, an on-screen visual, will allow the mortgage shopper to slide toggles to produce instantaneous figures on amount, term, interest cost and possible savings. (Fri, 23 Jun 2006 12:20:54 GMT)

Foreclosures expected to jump as ARMs reset
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. Three years later, Britten can’t get a new mortgage and her monthly payment has jumped by a third in six months. She (Fri, 23 Jun 2006 13:55:09 GMT)

Two Northern Virginia mortgage firms to merge
Harbourton Capital Group has signed a deal to buy all the outstanding membership interests of Molton Allen & Williams Mortgage and intends to eventually merge with the company. (Fri, 23 Jun 2006 14:56:12 GMT)

Should you prepay your mortgage?
QUESTION: For the past year my wife and I have been putting an additional $500 per month toward the principal on our 5.25% 30-year fixed mortgage. The psychological freedom of not having a mortgage is very appealing to us, but the argument for trying to invest the extra cash at a higher rate is compelling too. What's your take on paying off the mortgage early? - Mike, Arlington, Virginia (Fri, 23 Jun 2006 15:19:07 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? (Fri, 23 Jun 2006 15:33:40 GMT)

PushMX BOXOFFIX Productivity Appliance for Mortgage Brokers and Bankers Unveiled at NAMB 2006 Annual Conference
PushMX(TM) Software, the productivity leader in the mortgage software industry, has announced PushMX BOXOFFIX(TM), an easy-to-implement productivity and workflow management appliance for mortgage professionals who use Calyx Point(R) loan origination software. (Fri, 23 Jun 2006 15:34:17 GMT)

PushMX BOXOFFIX Productivity Appliance for Mortgage Brokers and Bankers Unveiled at NAMB 2006 Annual Conference
PushMX(TM) Software, theproductivity leader in the mortgage software industry, has announced PushMXBOXOFFIX(TM), an easy-to-implement productivity and workflow managementappliance for mortgage professionals who use Calyx Point® loanorigination software. This announcement was made today at the NationalAssociation of Mortgage Brokers NAMB 2006 Annual Meeting in Philadelphia. (Fri, 23 Jun 2006 16:20:04 GMT)

Home Loan Center Becomes Apollo Mortgage Group; Expands Into New Markets
The Home Loan Center, having grown steadily over the past several years, is changing its name to Apollo Mortgage Group and expanding into nine additional U.S. markets this year. (Fri, 23 Jun 2006 18:10:00 GMT)

Mortgage rates climb on Fed rate worries
Mortgage rates rose this week with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation. (Fri, 23 Jun 2006 18:15:35 GMT)

Fitch Upgrades National City Home Loan Services' RESI Servicer Ratings
NEW YORK----June 23, 2006--Fitch Ratings upgrades National City Home Loan Services' residential primary servicer ratings for Alt-A and subprime products from 'RPS2-' to 'RPS2'. In addition, Fitch upgrades HLS's special servicer rating from 'RPS3+' to 'RPS2-'. (Fri, 23 Jun 2006 19:32:00 GMT)

Fitch Affirms 33 RMBS Classes from 2 Soundview Home Equity Loan Trust Issues
NEW YORK----June 23, 2006--Fitch Ratings has affirmed the ratings from the following Soundview Home Equity Loan Trust Issues: (Fri, 23 Jun 2006 19:38:00 GMT)

Mortgage Information, News is Foundation for Mortgage Blog Spot
Site provides consumers with valuable mortgage information, options, rates, and the latest mortgage related news blog format (Fri, 23 Jun 2006 19:52:51 GMT)

Barclays to Acquire U.S. Mortgage Servicing Business of HomEq from Wachovia
Transaction will add further capabilities to Barclays Capital's growing mortgage securitization franchise in the U.S. (Fri, 23 Jun 2006 19:53:32 GMT)

Federal Home Loan Bank of Indianapolis Announces Repurchase of Excess Stock
The Federal Home Loan Bank of Indianapolis announced today that it will repurchase up to $175,000,000 in par value of excess stock on a pro rata basis from all shareholders with excess stock. (Fri, 23 Jun 2006 20:01:19 GMT)

Amendment - Fitch Upgrades National City Home Loan Services' RESI Servicer Ratings
NEW YORK----June 23, 2006-- (Fri, 23 Jun 2006 20:22:00 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? (Fri, 23 Jun 2006 22:52:48 GMT)

Barclays to Acquire Wachovia Mortgage Servicing for $469M
Barclays Capital, investment banking division of Barclays P.L.C., expects to significantly boost its U.S. mortgage securitization business with the $469 million acquisition of HomEq Servicing Corp., the mortgage servicing operation owned by Wachovia Corp. (Fri, 23 Jun 2006 23:12:44 GMT)

Mortgage Company Fined, Suspended
Mississippi officials have suspended the license of a Meridian mortgage company for three years and fined the lender $10,000 for improper practices. (Sat, 24 Jun 2006 00:34:15 GMT)

Barclays acquires Wachovia mortgage unit
UK-based Barclays Capital is to buy mortgage-servicing business HomEq Servicing from Wachovia for $469 million, in a bid to boost its mortgage securitization business in the US. (Sat, 24 Jun 2006 01:22:24 GMT)

Letters: Reverse-mortgage responses
The response to the question in last week's "Sandwich Generation" column regarding the use of a reverse mortgage for travel is inaccurate. (Sat, 24 Jun 2006 07:43:28 GMT)

Maintain home-loan agencies
June is National Homeownership Month, something that probably means more to those of us in Louisiana than anyone else in the country. It's another reminder of the monumental rebuilding job that lies before us. (Sat, 24 Jun 2006 07:59:23 GMT)

Mortgage rates go up amid inflation worries
Mortgage rates rose this week, with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages rose to a nationwide average of 6.71 percent, up from 6.63 percent last week. (Sat, 24 Jun 2006 10:16:41 GMT)

Mortgage rates rise on inflation worries
WASHINGTON - Mortgage rates rose this week with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages rose to a nationwide average of 6.71 percent, up from 6.63 percent last week. It was the highest level for 30-year mortgages since they (Sat, 24 Jun 2006 13:52:49 GMT)

Arrow Mortgage CORPORATION Your Dream ... .First-time homebuyer options .100%
Arrow Mortgage CORPORATION Your Dream ... (Sat, 24 Jun 2006 16:45:56 GMT)

Paper examines prepaying mortgage versus beefing up 401(k)
Pay or save? Many individuals are faced with the choice of increasing their mortgage payment beyond the required amount (prepaying the mortgage) or increasing their investments in tax-advantaged retirement accounts. The authors of a 2006 paper entitled, "Responsible Fools? (Sat, 24 Jun 2006 17:08:22 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 Local resident Supplement retirement income with Tax-Free Cash Example: Age 70 Home Value: $300,000 Reverse Mortgage Proceeds: $1,008 PER MONTH FOR LIFE If you are a homeowner 62 years (Sat, 24 Jun 2006 17:45:56 GMT)

• Why You Should Not Refinance
Refinancing a home doesn't make sense for everyone even with mortgage rates at historic lows. Mortgage refinancing keeps hitting record highs as interest rates dribble to generational lows. (Sat, 24 Jun 2006 19:04:51 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? (Sat, 24 Jun 2006 21:10:45 GMT)

Foreclosures in the forecast
With rates shooting up on adjustable-rate mortgages, hordes of homeowners are facing skyrocketing mortgage payments they can barely afford. (Sat, 24 Jun 2006 23:54:49 GMT)

EVENT HELPS OUT FIRST-TIME HOME BUYERS
Getting prospective home buyers together with sellers and financial institutions was the focus of a program Saturday at St. James United Methodist Church on University Drive. (Sun, 25 Jun 2006 04:06:08 GMT)

Borrowers feeling the pinch of rising rates
Four years ago, Robert and Ellie Facchini took out a home equity loan with an adjustable interest rate, which started at 4 percent. They hoped to make some improvements on their Centereach home and have some cash left for other expenses. Over time, however, they kept borrowing on the line of credit, eventually reaching their $140,000 maximum. (Sun, 25 Jun 2006 04:10:43 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, 25 Jun 2006 05:48:33 GMT)

I'm late on my mortgage. Can I avoid foreclosure?
This situation is more common than you might think: Indiana leads the nation in foreclosures. More than 7,000 Indiana homeowners faced foreclosure in the final three months of last year. That was driven by layoffs, personal bankruptcies, personal emergencies, stagnant home prices and aggressive lending. (Sun, 25 Jun 2006 06:48:15 GMT)

PAUL WENSKE IN YOUR CORNER: Protection sought for credit records
When Gregg Harries sought a home refinancing loan recently, he was surprised to learn that his credit score had been dinged because of “too many” inquiries from creditors. (Sun, 25 Jun 2006 07:06:56 GMT)

No home is worth drowning in debt
Exotic loans, softer real estate market require extra caution Two years ago, Andrea Eaton had just finished studying financial planning at Texas Tech University and was tempted to buy a home as she started her first job in Minneapolis. (Sun, 25 Jun 2006 07:52:58 GMT)

Mortgage insurance mistake creates mess
Q. We purchased a home Jan. 31, 2003, for $174,000. We had sold our home the day before and because of a "lost piece of paper," we had to wait until the next day to close on our new home. We were called by our mortgage broker about two hours before our closing. He informed us that the private mortgage insurance (PMI) on our loan was $664 per month. He told us neither he nor anyone else in his (Sun, 25 Jun 2006 08:08:47 GMT)

Don't buy into hype: Equity is best left at home
Q: We recently attended a mortgage company workshop on ``equity maximization," in which they suggested putting the equity in your home to work earning income and building wealth. (Sun, 25 Jun 2006 08:11:17 GMT)

Fears of inflation boost mortgage rates to 6.71%
WASHINGTON – Mortgage rates rose last week with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation. (Sun, 25 Jun 2006 08:26:08 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. (Sun, 25 Jun 2006 09:12:38 GMT)

Mortgage companies running on talent
A few other mortgage entrepreneurs are expanding in an industry rocked by layoffs and slumping demand for home loans. (Sun, 25 Jun 2006 10:06:23 GMT)

Pro-homeowner, anti-'bandit sign'
Groups target roadside advertisements posted by predatory real estate businesses Cephas Richardson wanted to refinance a house along Lorraine Avenue in Charles Village . But instead of calling a bank, he called a number he saw on one of the "We Buy Houses" signs in the neighborhood. (Sun, 25 Jun 2006 11:21:58 GMT)

OnBiz: Roseburg home lender expands, at new location
It took less than a year for Curt Sandfort to grow out of his Premier Home Loans office. Sandfort, owner and loan officer of the Roseburg business, started locally in September 2005 at 1874 W. Harvard Ave. (Sun, 25 Jun 2006 12:09:34 GMT)

More 'Biggest and Best' from Trump? Mortgage Unit Nears Vietnam, Other Deals
Donald Trump continues to find new ways to leverage his brand name, and his recent establishment of Trump Mortgage L.L.C. is no exception. In an exclusive interview with CPN this morning, mortgage banking veteran E.J. Ridings, who is Trump's hand-picked president & CEO for the new unit, outlined several projects Trump Mortgage has in the works. (Sun, 25 Jun 2006 13:12:44 GMT)

No home is worth drowning in debt
Exotic loans, softer real estate market require extra caution Two years ago, Andrea Eaton had just finished studying financial planning at Texas Tech University and was tempted to buy a home as she started her first job in Minneapolis. (Sun, 25 Jun 2006 14:05:30 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. (Sun, 25 Jun 2006 23:10:33 GMT)

More 'Biggest and Best' from Trump? Mortgage Unit Nears Vietnam, Other Deals
Donald Trump continues to find new ways to leverage his brand name, and his recent establishment of Trump Mortgage L.L.C. is no exception. In an exclusive interview with CPN this morning, mortgage banking veteran E.J. Ridings, who is Trump's hand-picked president & CEO for the new unit, outlined several projects Trump Mortgage has in the works. (Mon, 26 Jun 2006 00:12:45 GMT)

'05 WSOP champion has target on his back
LAS VEGAS (AP) -- A year ago, Joseph Hachem was a mortgage broker who surreptitiously played poker online to support his family. After winning last year's World Series of Poker main event and $7.5 million, the Australian says he's now treated like a rock star -- but he's got a price on his head. (Mon, 26 Jun 2006 00:49:55 GMT)

6 home loan problems: How to cope
Harsh Roongta tells you how to be a wise borrower. (Mon, 26 Jun 2006 03:37:27 GMT)

Burdened by your credit card loan?
Investment expert Devang Shah advises a young reader on how to get out of credit card debt. (Mon, 26 Jun 2006 03:52:26 GMT)

Mortgage maneuvers: Basics of foreclosure
(Mon, 26 Jun 2006 05:46:32 GMT)

Some ARMs borrowers face foreclosure as interest rates rise, market values fall
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, 26 Jun 2006 05:48:13 GMT)

More 'Biggest and Best' from Trump? Mortgage Unit Nears Vietnam, Other Deals
Donald Trump continues to find new ways to leverage his brand name, and his recent establishment of Trump Mortgage L.L.C. is no exception. In an exclusive interview with CPN this morning, mortgage banking veteran E.J. Ridings, who is Trump's hand-picked president & CEO for the new unit, outlined several projects Trump Mortgage has in the works. (Mon, 26 Jun 2006 06:12:48 GMT)

U.S. New Home Sales Probably Fell 4% in May on Mortgage Rates
June 26 (Bloomberg) -- Sales of new homes in the U.S. probably declined 4 percent in May as buyers balked at higher mortgage rates and prices, economists said before a government report today. (Mon, 26 Jun 2006 06:52:15 GMT)

Tame your out-of-control home equity line of credit
If you owe money on your line of credit or if it feels like you have mega-payments left on an adjustable rate mortgage, you are probably feeling the pain of higher interest rates. (Mon, 26 Jun 2006 07:13:55 GMT)

Some mortgage exit fees 'illegal'
Fees charged by mortgage lenders when customers pay back their loan are potentially illegal and a scandal, say industry insiders. (Mon, 26 Jun 2006 08:22:17 GMT)

Capital Senior Living Corporation Refinances $33 Million Of Debt
DALLAS----June 26, 2006--Capital Senior Living Corporation , one of the country's largest operators of senior living communities, today announced that it has completed a $33 million refinancing of mortgage debt on four owned communities. (Mon, 26 Jun 2006 10:00:00 GMT)

Mortgage of the Week
The Nationwide Building Society is offering a two-year fixed rate deal at a rate of 4.65 per cent, reverting to the standard variable rate for the remaining term of the mortgage, currently 5.89 per cent. (Mon, 26 Jun 2006 10:50:41 GMT)

Bad Mortgage Lawyers - Mortgage Law News From MortgageDaily.com
A rash of crooked attorneys has descended upon real estate finance, according to the latest coverage from MortgageDaily.com, the dominant source of online news for the mortgage industry. (Mon, 26 Jun 2006 11:00:00 GMT)

JOHNSON CLOSE TO FEYENOORD LOAN
Chelsea defender Glen Johnson is close to a loan move to Feyenoord, according to one of the Dutch club's directors. The 21-year-old has visited their De Kuip stadium to look at the facilities and meet head coach Erwin Koeman, and is thought to have been pleased with what he saw. (Mon, 26 Jun 2006 11:02:55 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. (Mon, 26 Jun 2006 11:06:16 GMT)

Johnson close to Feyenoord loan
Chelsea defender Glen Johnson is close to a loan move to Feyenoord, according to one of the Dutch club's directors.The 21-year-old, also tracked by Portsmouth, has visited their De Kuip stadium to look at the facilities and meet coach Erwin Koeman, and is thought to have been pleased with what he saw. (Mon, 26 Jun 2006 11:15:08 GMT)

Chelsea's Johnson poised for Feyenoord loan?
Chelsea's Johnson poised for Feyenoord loan? by England (Mon, 26 Jun 2006 11:16:20 GMT)

FORECLOSURE Q&A: What is foreclosure?
Q. What is foreclosure? A. 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. (Mon, 26 Jun 2006 11:31:38 GMT)

Johnson close to Feyenoord loan
Chelsea defender Glen Johnson is close to a loan move to Feyenoord, according to one of the Dutch club's directors. The 21-year-old has visited their De Kuip stadium to look at the facilities and meet coach Erwin Koeman, and is thought to have been pleased with what he saw. (Mon, 26 Jun 2006 11:35:36 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, 26 Jun 2006 12:47:20 GMT)

Closed Mortgage Rates
A mortgage is a contract stipulating a specific property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features. (Mon, 26 Jun 2006 13:52:45 GMT)

Loan Prospector(R) Changes to Help Lenders Qualify More Low- and -Moderate Income Borrowers
Freddie Mac today announced it is adjusting its Loan Prospector® automated underwriting service and upgrading its Home Possible® suite of affordable mortgage products to help more low- and moderate-income borrowers qualify for mortgages that are eligible for purchase by Freddie Mac. (Mon, 26 Jun 2006 14:50:00 GMT)

Mortgage firm provides personalized service
Tucked away behind the Bradbury Museum complex at 1350 Central Ave., Suite 104, 1st Metropolitan Mortgage exudes color, energy and charm. Its owner/manager, Pam Eversole, bought out the Los Alamos branch one year ago, and it has been growing ever since. (Mon, 26 Jun 2006 15:08:34 GMT)

Investing home equity elsewhere risky business
Q: We recently attended a mortgage company workshop on equity maximization, in which they touted putting the equity in your home to work earning income and building wealth. They recommended refinancing to an interest-only loan and investing your equity, plus the difference due to your lower mortgage payments, in an insurance instrument plus side accounts. (Mon, 26 Jun 2006 16:26:58 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. (Mon, 26 Jun 2006 16:59:23 GMT)

Fitch Rates $138.77MM ACE Securities Corp. HE Loan Trust, Series 2006-SD2
NEW YORK----June 26, 2006--Fitch rates ACE Securities Corp. Home Equity Loan Trust, Series 2006-SD2, as follows: $99,507,000 class A 'AAA'; $18,145,000 class M-1 'AA'; $11,613,000 class M-2 'A'; $4,863,000 class M-3 'BBB+'; $2,395,000 class M-4 'BBB'; $2,250,000 class M-5 'BBB-'. (Mon, 26 Jun 2006 17:16:00 GMT)

Buying a dream home is a nightmare
Buying that dream house has now become a nightmare with home loan borrowers having to brace themselves for another hike. (Mon, 26 Jun 2006 17:50:32 GMT)

MindBox Honored as a Top 25 Technology Vendor by Mortgage Technology Magazine
Vancouver, BC, June 26, 2006--(T-Net)--MindBox®, a leader in information solutions for automating complex business and decision processes, today announced that Mortgage Technology magazine has honored the company as one of the Top 25 technology vendors in 2006. (Mon, 26 Jun 2006 18:16:31 GMT)

Laurentian Bank changes its mortgage rates
Laurentian Bank has changed its mortgage rates. The changes are as follows: (Mon, 26 Jun 2006 19:41:00 GMT)

Capital Senior Living completes mortgage debt refinancing
Capital Senior Living Corp. said Monday that it has completed a $33 million refinancing of mortgage debt owed on four senior living communities. (Mon, 26 Jun 2006 19:56:48 GMT)

Inflation fears driving rise in mortgage rates
WASHINGTON -- Mortgage rates rose this week, with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation. (Mon, 26 Jun 2006 20:23:59 GMT)

Fitch Affirms 10 RMBS Classes from 2 GMAC Mortgage Corporation Issues
NEW YORK----June 26, 2006--Fitch Ratings affirms the following GMAC Mortgage Corporation home equity issues: (Mon, 26 Jun 2006 20:24:00 GMT)

Fitch Assigns Wachovia Mortgage Corp. 'RPS2' Resi Servicer Rating
Fitch Ratings assigns Wachovia ( Nachrichten ) Mortgage Corporation (WMC) its 'RPS2' residential primary servicer rating for prime product. The rating reflects the company's experienced and tenured management team, effective performing loan management procedures and extensive training programs. (Mon, 26 Jun 2006 20:57:44 GMT)

Fitch Rates $435.3MM WaMu Mortgage P-T Ctfs, Series 2006-AR6
NEW YORK----June 26, 2006--Fitch rates WaMu Mortgage Pass-Through Certificates, Series 2006-AR6 as follows: (Mon, 26 Jun 2006 21:11:00 GMT)

Amendment: Fitch Assigns Wachovia Mortgage Corp. 'RPS2' Resi Servicer Rating
(This is an amended version of a press release sent out earlier today. It contains an updated rating in the headline.) Fitch Ratings assigns Wachovia ( Nachrichten ) Mortgage Corporation (WMC) its 'RPS2' residential primary servicer rating for prime product. (Mon, 26 Jun 2006 21:13:50 GMT)

Your property loan has just got costlier
The Karnataka government has introduced a fresh stamp duty of 0.5% on your property loan component. (Mon, 26 Jun 2006 21:35:52 GMT)

It's that mortgage time again
Many homeowners will be refixing their mortgages in the next few months and for most it will be "same again please". John McCrone finds that interest rates may have risen but consumers can still expect a good deal. (Mon, 26 Jun 2006 21:40:54 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. (Mon, 26 Jun 2006 23:38:23 GMT)

ADB offers US$80m loan for pollution control in China (Xinhua) Updated: 2006-06-27 10:46
Asian Development Bank (ADB) will offer a loan of 80 million U.S. dollars to help in a project to reduce pollution in the Haihe River Basin in China's Shandong Province, an ADB report said here Monday. (Tue, 27 Jun 2006 02:58:08 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? (Tue, 27 Jun 2006 03:00:32 GMT)

U.S. Home Resales Probably Fell in May to Lowest in 4 Months
June 27 (Bloomberg) -- Sales of previously owned homes in the U.S. fell in May to the lowest in four months as higher mortgage rates sapped demand, economists forecast an industry report to show today. (Tue, 27 Jun 2006 04:37:25 GMT)

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