Mortgage News Jul 2006
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Length of mortgage lends reason to pay it off early
Our personal-finance expert tracks down the answers you need. (Sun, 16 Jul 2006 21:51:53 GMT)
MORTGAGE ADMINISTRATOR Role:
Supporting Mortgage Advisors processing paperwork, liaising with clients and solicitors, stationery and mail. You are committed to personal development, customer service, have excellent communication skills and computer literate. Financial Services experience essential. (Sun, 16 Jul 2006 22:00:23 GMT)
Victorians struggle with loan repayments
At least 20 Victorians a day are reportedly at risk of losing their homes because they are falling behind on loan repayments. - (Sun, 16 Jul 2006 22:39:59 GMT)
Hooters Chairman Found Dead At Home
Robert Brooks, the chairman of Hooters of America, Inc. who made his fortune selling chicken wings served by scantily clad waitresses, was found dead at his home Sunday, officials said. He was 69. (Mon, 17 Jul 2006 04:40:15 GMT)
Mortgage fraud cases multiply, hit more homeowners
In November 2004, Sederia Lewis, a disabled woman in Antioch, had fallen behind in her mortgage payments. She turned for advice to Mario Raynard Howell, the pastor of her church, whom she had known for 10 years. (Mon, 17 Jul 2006 04:41:47 GMT)
Predatory lending debate heats up
As the co-directors of Oakland-based Housing and Economic Rights Advocates, Heidi Li and Maeve Elise Brown are used to hearing from clients who have been deceived or pressured into mortgages with high costs and excessive fees - or in some cases swindled out of their homes outright by unscrupulous mortgage brokers or lenders. (Mon, 17 Jul 2006 04:44:48 GMT)
Guaranty mortgage team moves to Citywide Banks
Allen Kiel and Steven Snyder, who ran Guaranty Bank and Trust Co.'s long-term commercial mortgage group for four years, have moved their operation over to Citywide Banks of Colorado Inc. (Mon, 17 Jul 2006 04:45:49 GMT)
Hooters Chairman Found Dead At Home
Robert Brooks, the chairman of Hooters of America, Inc. who made his fortune selling chicken wings served by scantily clad waitresses, was found dead at his home Sunday, officials said. He was 69. (Mon, 17 Jul 2006 04:45:56 GMT)
The Longest Mortgage
Describes a 50-year adjustable rate mortgage introduced by Statewide Bancorp. (Mon, 17 Jul 2006 04:58:57 GMT)
Credit Cards: Get a Jump On College Savings
Following a brief discussion about a new credit card that helps you fund a 529 college-savings plan and can help you save on a home loan, this monthly feature presents two tables listing five low-interest premium cards with recent interest rate, cash-advance rate/fee, annual fee/grace period, late/over limit fee, and telephone number; and five cash-back rebate cards with recent interest rate, (Mon, 17 Jul 2006 04:59:15 GMT)
Beach Backgrounds For Myspace Resources
Beach Myspace Backgrounds Free Web Counter | eHarmony | Mortgage Refinance | Myspace Backgrounds ... Beach Resort Fort Lauderdale is located right on the beach, just three ... Customize myspace profile, Edit ... (Mon, 17 Jul 2006 06:21:02 GMT)
JSSmith Mortgage to Launch JV Mortgage Offices With West USA Realty
JSSmith Mortgage to set up a joint venture mortgage company with West USA, a company with more than 2,000 real estate agents. (PRWEB Jul 17, 2006) Trackback URI: http://www.prweb.com/zingpr.php/SW5zZS1DcmFzLUluc2UtU3F1YS1JbnNlLVplcm8= (Mon, 17 Jul 2006 07:19:10 GMT)
Borrowers staying one step ahead of interest rates
The survey showed fixed rate deals are superceding trackers as the most popular mortgage product. (Mon, 17 Jul 2006 09:57:22 GMT)
Watchdog Report: New deal struck to pay off Parrot Jungle Island loan
watchdogreport1@earthlink.net After years of haggling over the repayment of a $25 million federal loan that left Miami-Dade County holding the bag, a preliminary deal has been struck among the county, the city of Miami and the Parrot Jungle Island attraction on Watson Island. (Mon, 17 Jul 2006 10:09:03 GMT)
Considering a Home Remodel? Make Sure It Will Pay Off
(ARA) - If your family has to wait in line to take a shower, or if you're storing pots and pans in the laundry room due to lack of cabinet space, it could be time to consider a home remodeling project. (Mon, 17 Jul 2006 10:41:23 GMT)
Mortgage Brokers Seek Level Playing Field - Broker News From MortgageDaily.com
Mortgage brokers would like the same loan disclosure rules as their mortgage banking counterparts, according to testimony covered by MortgageDaily.com, the dominant source of online mortgage news. (Mon, 17 Jul 2006 11:00:00 GMT)
Mortgage of the Week
The Northern Rock Building Society is offering a year fixed rate deal until the 1 August 2008, at a rate of 4.79%, reverting to the standard variable rate for the remaining term of the mortgage, currently 6.59%. The overall cost for comparison is 6.5% APR. An Early Repayment Charge is payable if you repay all or part of this mortgage during the fixed rate period. (Mon, 17 Jul 2006 11:27:22 GMT)
Paramus offering home rehab aid
PARAMUS -- A new aid program will help low-income borough residents take care of their homes. The home-rehabilitation program uses monies from the borough's affordable housing fund, to which developers contribute a certain amount when building in the borough. The program uses no taxpayer funds. (Mon, 17 Jul 2006 11:43:25 GMT)
Paramus offering home rehab aid
PARAMUS -- A new aid program will help low-income borough residents take care of their homes. The home-rehabilitation program uses monies from the borough's affordable housing fund, to which developers contribute a certain amount when building in the borough. The program uses no taxpayer funds. (Mon, 17 Jul 2006 11:49:03 GMT)
Home owners survive the mortgage muddle... and live to paint the first wall
Despite a slumping market, some aspiring home owners are still casting themselves into the mortgage muddle with empty pockets and coming out with equity. Those who succeed have one important trait: good credit. (Mon, 17 Jul 2006 11:52:40 GMT)
Vestin Realty Mortgage II, Inc. Announces Investment in First Trust Deed Loans
LAS VEGAS----July 17, 2006--Vestin Realty Mortgage II, Inc. (Mon, 17 Jul 2006 12:00:00 GMT)
JSSmith Mortgage to Launch JV Mortgage Offices With West USA Realty
Scottsdale, AZ (PRWEB) July 17, 2006 -- JSSmith Mortgage, a new mortgage company in Scottsdale, Arizona has landed a prestigious mortgage joint venture with the West USA offices located in the greater Phoenix area. (Mon, 17 Jul 2006 12:00:00 GMT)
Vestin Realty Mortgage I, Inc. Announces Investment in First Trust Deed Loan
LAS VEGAS----July 17, 2006--Vestin Realty Mortgage I, Inc. (Mon, 17 Jul 2006 12:00:00 GMT)
InterContinental Capital Continues Rapid Growth by Outsourcing Closing and Post-Closing to Guardian Mortgage Services
LAKEWOOD, Colo.----July 17, 2006--Guardian Mortgage Services is now managing document preparation, closing coordination and post-closing for InterContinental Capital Group, Inc. GMS, a division of Guardian Mortgage Documents , provides customized outsource solutions to lenders of all sizes and serves as a variable cost alternative to managing back-office operations internally. (Mon, 17 Jul 2006 12:01:00 GMT)
Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Mon, 17 Jul 2006 13:19:42 GMT)
Home buyers wary of high interest slam door on variable rates
Home buyers are opting for fixed-rate mortgages at the highest levels for nearly five years as consumers become skittish about the prospect of rising interest rates. - (Mon, 17 Jul 2006 14:02:33 GMT)
Mortgage Brokers Seek Level Playing Field - Broker News From MortgageDaily.com
Mortgage brokers would like the same loan disclosure rules as their mortgage banking counterparts, according to testimony covered by MortgageDaily.com, the dominant source of online mortgage news. (Mon, 17 Jul 2006 15:00:48 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? (Mon, 17 Jul 2006 15:34:12 GMT)
Port Austin summer home ransacked
PORT AUSTIN — It’s a modern day Goldilocks and the Three Bears tale. Renee Lathrup of Dryden said she felt violated when she came home July 8 to find her Lakeshore Road summer house had been broken into. (Mon, 17 Jul 2006 15:37:49 GMT)
Considering a Home Remodel? Make Sure It Will Pay Off
(ARA) - If your family has to wait in line to take a shower, or if you're storing pots and pans in the laundry room due to lack of cabinet space, it could be time to consider a home remodeling project. (Mon, 17 Jul 2006 15:47:58 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, 17 Jul 2006 17:56:26 GMT)
Commission launches dialogue on mortgage credit
The European Commission * has launched a dialogue between the mortgage lending industry and consumer associations to reach a consensus on hot issues of consumer protection measures. The Commission, currently following up on its Mortgage Credit Green Paper from July 2005, will take into account the conclusions of the group before it releases its White Paper in 2007. (Mon, 17 Jul 2006 18:23:41 GMT)
GE Real Estate Closes $4.3 Million Refinancing Deal in 23 Days
GE Real Estate, through its Business Property division, announced today it provided a $4.3 million mortgage loan to Harbourside, Inc. for the refinancing of its Showline film studio located on four acres of land in downtown Toronto. (Mon, 17 Jul 2006 18:47:00 GMT)
PHH Mortgage moves into new offices
A subsidiary of PHH Corp. has moved into in a new office building on Gate Parkway. PHH Mortgage moved into a 150,000-square-foot building that was a build-to-suit project by Liberty Property Trust. (Mon, 17 Jul 2006 19:06:14 GMT)
• Must Know in Looking for Best Mortgage Rates
While planning to have a dream home, shopping around for the best mortgage rate is accompanied by it. By selecting the best option, a buyer can be assured of the better if not the best financing deal. (Mon, 17 Jul 2006 19:37:56 GMT)
High Yield & Mortgage Plus Trust Announces Distribution For Month Ending July 31, 2006
High Yield & Mortgage Plus Trust announces a distribution for the month ending July 31, 2006 of $0.15625 per unit payable on August 15, 2006 to unitholders of record as at July 31, 2006. (Mon, 17 Jul 2006 19:49:00 GMT)
Fitch Rates HSBC Home Equity Loan Trust (USA)(HELT) 2006-1
NEW YORK----July 17, 2006--HSBC Home Equity Loan Trust 2006-1 is rated by Fitch as follows: $797,360,000 class A-1 and A-2 certificates 'AAA'; $241,190,000 class M-1 and M-2 certificates 'AA+'. (Mon, 17 Jul 2006 21:02:00 GMT)
He's working to better his adopted home county
When Tommy Rains arrived in Bladen County from his native Alabama in 1993, he hit the ground running and hasn't slowed down since. His contributions to improve the fabric of the society around him have made his adopted home a much better place to live. (Mon, 17 Jul 2006 21:10:35 GMT)
VICs struggling with home loans: report
At least 20 Victorians a day are reportedly at risk of losing their homes because they are falling behind on loan repayments. (Mon, 17 Jul 2006 21:59:51 GMT)
Considering a Home Remodel? Make Sure It Will Pay Off
(ARA) - If your family has to wait in line to take a shower, or if you're storing pots and pans in the laundry room due to lack of cabinet space, it could be time to consider a home remodeling project. (Mon, 17 Jul 2006 22:13:39 GMT)
FHA offers home purchase and repair program
FHA (Federal Housing Administration, a part of the U. S. Department of Housing and Urban Development, has long had a program called the FHA 203(k) program. Under this program, a homebuyer could purchase a home and make major renovations from loan proceeds. The process is somewhat technical and time consuming, so FHA has a new "Streamline(K)" program to help people purchase homes in need of minor (Mon, 17 Jul 2006 22:20:22 GMT)
Home builder shows how to save 25 percent
If you are thinking about building a new house, or renovating your current home, first read "Be Your Own House Contractor, Fifth Edition" by longtime home builder Carl Heldmann. This very valuable new book explains, according to the author, how to shave at least 25 percent off construction costs of a new house. More important, it goes into great detail of what is involved with being your own home (Mon, 17 Jul 2006 22:20:42 GMT)
Find Construction Estimating Home Software Here
Our Construction Software Pages Are Updated Daily. Construction Estimating Software Review 2006 ... Home Resources About Us Advertising Construction Estimating Software Reviews 2006 Listed in order of rating Goldenseal Bid4Build WinEst LT #4 Work In Progress #5 EasyEst Estimating #6 Estimate Master ... (Mon, 17 Jul 2006 22:27:42 GMT)
ARCS Commercial Mortgage Closes $6.802M Loan on 200-Unit Property
JULY 17, 2006 -- Desert Hot Springs, Calif.--Howard Levine, president/CEO of ARCS Commercial Mortgage Co., recently announced the closing of $6,802,000 million in financing for the Country Hills Apartments, a 200-unit multifamily property located here. (Tue, 18 Jul 2006 00:06:14 GMT)
• How to Stop Those Rising Mortgage Payments
Is your mortgage coming due or your adjustable rate mortgage payment has been steadily creeping up as interest rates change? Refinancing your mortgage lets you consolidate other debt, such as credit card balances, into one low-interest loan. (Tue, 18 Jul 2006 00:22:57 GMT)
LOAN LEADS TO BIG MONEY
A local family is walking away with serious cash for simply getting a home loan at their bank. A very surprised Briggs Horman walked through the doors of Zions Bank in Ammon. (Tue, 18 Jul 2006 01:11:28 GMT)
Mortgage Brokers Seek Level Playing Field
Mortgage brokers would like the same loan disclosure rules as their mortgage banking counterparts, according to testimony covered by MortgageDaily.com (Tue, 18 Jul 2006 01:51:22 GMT)
The Bunker Portfolio
If the turmoil gripping the Middle East—and the stock market—worsens, these savvy mutual funds should still hold up under fire. But diversification remains a smart strategy in any climate (Tue, 18 Jul 2006 03:10:47 GMT)
Building Up -- UTPA Starr County campus to receive permanent home
The University of Texas-Pan Americanʼs Starr County Upper Level Center north of Rio Grande City is getting a permanent home.... (Tue, 18 Jul 2006 06:58:36 GMT)
Loan scam uses Phila. address to draw victims in
For borrowers hard up for cash and dogged by a bad credit rating, the loan-approval call from a lender with a prestigious Center City address seemed like a gift. (Tue, 18 Jul 2006 07:35:48 GMT)
Refinancing continues despite rising mortgage rates
Despite the upward drift in mortgage rates, refinancings continue to account for more than a third of all new mortgage applications, according to the Mortgage Bankers Association. (Tue, 18 Jul 2006 07:36:49 GMT)
Considering a Home Remodel? Make Sure It Will Pay Off
(ARA) - If your family has to wait in line to take a shower, or if you're storing pots and pans in the laundry room due to lack of cabinet space, it could be time to consider a home remodeling project. (Tue, 18 Jul 2006 09:44:33 GMT)
Mortgage Force announces record growth
In the first half of 2006, Mortgage Force has delivered a 30 per cent increase in the number of franchised outlets. (Tue, 18 Jul 2006 09:57:42 GMT)
Crisis means homeowners get a refinancing second chance
HEMPSTEAD, N.Y. (MarketWatch) -- The crisis in the Middle East is giving those homeowners who have a variable-rate mortgage a second chance to convert it to a fixed-rate mortgage at an interest rate they never thought they'd see again for a long, long while. (Tue, 18 Jul 2006 10:32:30 GMT)
National City profit falls on mortgage-hedging costs
NEW YORK (MarketWatch) - National City Corp. reported Tuesday that second-quarter net income fell 24% because of mortgage-hedging losses. (Tue, 18 Jul 2006 10:47:21 GMT)
White Sulphur Springs residents give 'loan closet' a new home
WHITE SULPHUR SPRINGS — For several years unbeknownst to many in town, Karen Murphy collected and loaned out wheelchairs, canes and crutches stored in her garage. (Tue, 18 Jul 2006 11:04:48 GMT)
How does this HELOC work?
Dear Dr. Don, I took out what I thought was a home equity loan but now understand it is a home equity line of credit. Do I need to pay on the principal now? I thought the bank was taking payments out of my checking account and it is just for interest. (Tue, 18 Jul 2006 11:19:50 GMT)
Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Tue, 18 Jul 2006 12:20:32 GMT)
Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Tue, 18 Jul 2006 12:20:52 GMT)
Mortgage Lender Selects Amcat For Next Generation Customer Contact System
Oklahoma City, Oklahoma, July 18th, 2006 - Amcat, a global provider of customer care & interaction solutions has supplied a customer contact system to nationwide home loans provider, American Mortgage Specialist (AMS). As a result, the company has already doubled its volume of new customer contacts and expects to have paid for the system within six months. (Tue, 18 Jul 2006 12:47:15 GMT)
Refinancing at higher mortgage rates can make sense
This bit of data arrived via e-mail from the Mortgage Bankers Association: Despite the upward drift in mortgage rates, refinancings continue to account for more than a third of all new mortgage applications. (Tue, 18 Jul 2006 12:52:17 GMT)
Mortgage Lender Selects Amcat for Next Generation Customer Contact
Amcat, provider of customer care & interaction solutions has supplied a customer contact system to nationwide home loans provider, American Mortgage Specialist (AMS). (Tue, 18 Jul 2006 13:11:29 GMT)
StanChart giving away 3 interest-free home loans
Standard Chartered Bank Malaysia Bhd (StanChart) is giving away three interest-free home loans under its total home loans solutions campaign, which runs from July 17 to Oct 31, 2006. (Tue, 18 Jul 2006 13:17:01 GMT)
Foreclosures, mortgage fraud out of control, appraiser says
Colorado's foreclosure rate is among the highest in the nation. Significant factors in the high number of people losing their homes are mortgage fraud and inflated appraisals. Whether the problem is more prevalent in Pueblo than elsewhere in Colorado, however, is not clear. Ivor J. Hill, a Pueblo appraiser who serves on the state attorney general's mortgage and foreclosure task force, (Tue, 18 Jul 2006 13:47:35 GMT)
Mortgage Rate Dip First in Five Weeks
The nation's benchmark mortgage rate has declined for the first time in five weeks amid expectations that the Federal Reserve won't push interest rates much higher. (Tue, 18 Jul 2006 14:11:44 GMT)
Wells Fargo profit rises but misses views
Wells Fargo & Co. , the No. 5 U.S. bank, on Tuesday said second-quarter profit rose 9 percent to a record on gains in several consumer and business units and as mortgage revenue more than tripled. (Tue, 18 Jul 2006 15:35:41 GMT)
Wolf Pups Seized From Fla. Home
JACKSONVILLE, Fla. -- Two wolf pups are now in the care of a St. Johns County preserve after being removed from a Jacksonville home. State wildlife officials said a couple in the area has received three misdemeanor citations for having the wolves without proper permits. (Tue, 18 Jul 2006 15:46:45 GMT)
Man Found In Dayton Home Identified
DAYTON, Ohio -- Police have now identified the man who was found dead inside a Dayton home over the weekend. Officers said a 9-year-old girl found Elliott J. Brooks, 19, of Waynesville inside the front door of a home on Perrine Street. At this time, police are not sure how Brooks died. (Tue, 18 Jul 2006 16:36:07 GMT)
Analysts: Santander Bancorp could double mortgage mkt share - Puerto Rico
Puerto Rico's third largest bank Santander Bancorp (NYSE: SBP) could reach its goal of a 15% market in the local mortgage loan market share in 4-5 years through organic growth, analysts said. (Tue, 18 Jul 2006 17:13:08 GMT)
Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Tue, 18 Jul 2006 18:16:06 GMT)
Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Tue, 18 Jul 2006 18:26:53 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. (Tue, 18 Jul 2006 18:40:52 GMT)
Home loan rates set to rise again
Interest rate on housing loans is expected to rise once again. HDFC hinted that it would increase its home loan rates further by July-end. (Tue, 18 Jul 2006 19:43:34 GMT)
Considering a Home Remodel? Make Sure It Will Pay Off
(ARA) - If your family has to wait in line to take a shower, or if you're storing pots and pans in the laundry room due to lack of cabinet space, it could be time to consider a home remodeling project. (Tue, 18 Jul 2006 19:47:08 GMT)
Allied Home Mortgage Capital Corporation Opens New Branch Office in Wapakoneta
Allied Home Mortgage Capital Corporation has opened a new branch in Wapakoneta, Ohio. The branch is the only one in the city and one of more than 35 in the state. The new branch is currently a member of the Wapakoneta Chamber of Commerce. (Tue, 18 Jul 2006 20:10:21 GMT)
Sacramento Residents Reducing Home-Equity Loan Use
Sacramento-area residents have reduced their use of home-equity loans at twice the rate of Californians as a whole in the early months of 2006, according to a new report. (Tue, 18 Jul 2006 21:16:15 GMT)
Pinnacle Financial Reports Record Loan Growth
NASHVILLE, Tenn.----July 18, 2006--Pinnacle Financial Partners, Inc. today reported record earnings, superior credit quality and record loan growth for the quarter ended June 30, 2006. (Tue, 18 Jul 2006 21:40:00 GMT)
At-Risk Missing Morgan Hill Man Comes Home
MORGAN HILL -- The Santa Clara County Sheriff's Office is reporting that an "at-risk" 47-year-old Morgan Hill man who went missing Sunday afternoon has returned home on his own. (Tue, 18 Jul 2006 23:16:01 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. (Tue, 18 Jul 2006 23:50:52 GMT)
Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Tue, 18 Jul 2006 23:52:02 GMT)
Investigators Link Teens To 3 Separate Home Invasions
Police say a cell phone stolen from one home and left at another connects three teens to three separate home invasion robberies. (Wed, 19 Jul 2006 00:55:19 GMT)
Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Wed, 19 Jul 2006 06:24:09 GMT)
Parents see home work as fix for school cash
Call it a step beyond a bake sale. Carol and Doug Landers, parents of two Alameda Elementary School students, bought a proven moneymaker when they closed last week on a $415,000, three-bedroom, two-bathroom home at Northeast 46th Avenue and Stanton Street. (Wed, 19 Jul 2006 07:17:40 GMT)
US Mortgage Acquires Ratestar
Rising Mortgage Company Expands Midwest Operations through Acquisition of Successful Internet Call Center Operation. (PRWEB Jul 19, 2006) Trackback URL: http://www.prweb.com/chachingpr.php/UHJvZi1IYWxmLUNyYXMtU3F1YS1JbnNlLVplcm8= (Wed, 19 Jul 2006 07:32:50 GMT)
Repeat fraud convict drops bid to go home for her kids' sake
MARLBORO - Laura J. Ryan, who is serving her third prison sentence for fraud, yesterday abruptly withdrew her motion to be allowed to finish her sentence on a bracelet-monitoring program at home. (Wed, 19 Jul 2006 08:32:06 GMT)
Banks to press for increase in 20% quota for real estate mortgage & finance
Banks involved in real estate developments across the UAE may approach the country's central bank to seek an increase in the prevailing annual quota of 20% for the real estate mortgage and financing. (Wed, 19 Jul 2006 08:49:42 GMT)
Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Wed, 19 Jul 2006 09:44:23 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, 19 Jul 2006 10:45:47 GMT)
Considering a Home Remodel? Make Sure It Will Pay Off
(ARA) - If your family has to wait in line to take a shower, or if you're storing pots and pans in the laundry room due to lack of cabinet space, it could be time to consider a home remodeling project. (Wed, 19 Jul 2006 10:46:07 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? (Wed, 19 Jul 2006 10:56:33 GMT)
Considering a Home Remodel? Make Sure It Will Pay Off
(ARA) - If your family has to wait in line to take a shower, or if you're storing pots and pans in the laundry room due to lack of cabinet space, it could be time to consider a home remodeling project. (Wed, 19 Jul 2006 10:56:43 GMT)
Mortgage applications drop 4.6% last week
WASHINGTON (MarketWatch) - Applications for mortgage loans at major U.S. banks fell by a seasonally adjusted 4.6% last week, the Mortgage Bankers Association reported Wednesday. (Wed, 19 Jul 2006 11:02:35 GMT)
Home loan demand fell despite drop in rates
U.S. mortgage applications fell last week for the first time in three weeks, largely reflecting a steep drop in home purchase loans as lower interest rates failed to spur demand, an industry trade group said on Wednesday. (Wed, 19 Jul 2006 11:19:27 GMT)
VTB set to raise mortgage portfolio to $1.5-bln by late 2007
MOSCOW, July 19 (RIA Novosti) - Vneshtorgbank (VTB), Russia's state-run foreign trade bank, said Wednesday it intended to increase its mortgage portfolio to $600 million by the end of 2006 and to $1.2-1.5 billion by the end of 2007. (Wed, 19 Jul 2006 11:31:35 GMT)
Mortgage lenders welcome HIP move
LONDON (Reuters) - Mortgage lenders have broadly welcomed the government's decision to delay inclusion of building surveys in the much-criticised launch of Home Information Packs (HIPs). (Wed, 19 Jul 2006 11:36:17 GMT)
Mortgage applications down 4.6% last week
MBA notes drop as lower interest rates fail to spark demand. (Wed, 19 Jul 2006 11:43:16 GMT)
The Mortgage Trap
If you have an Adjustable Rate Mortgage (ARM), you need to know your options, what to do and when to do it. And personal finance adviser Ray Martin is ready with some advice on The Early Show . (Wed, 19 Jul 2006 11:55:07 GMT)
US Mortgage Acquires Ratestar
Pine Brook, NJ (PRWEB) July 19, 2006 -- US Mortgage Corporation, a New Jersey based mortgage lender, has closed a deal to acquire Ratestar, Inc. (Wed, 19 Jul 2006 12:00:00 GMT)
Advectis Launches Webinar Series for Mortgage Industry
ATLANTA----July 19, 2006--Advectis®, Inc., provider of the most widely used solution for electronic mortgage document collaboration, has launched a new webinar series for the mortgage industry titled, "What Really Matters." (Wed, 19 Jul 2006 12:01:00 GMT)
Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Wed, 19 Jul 2006 12:20:55 GMT)
Mortgage demand falls despite drop in rates; June housing starts weaken
Mortgage applications fell last week for the first time in three weeks, reflecting a steep drop in home purchase loans, as lower interest rates failed to spur demand, and the pace of home building fell more than expected in June, two reports said Wednesday. (Wed, 19 Jul 2006 13:54:29 GMT)
Mortgage apps down; rents raise CPI
From wire services: Mortgage applications fell last week for the first time in three weeks, reflecting a steep drop in home purchase loans, as lower interest rates failed to spur demand, and the pace of home building fell more than... (Wed, 19 Jul 2006 14:23:38 GMT)
D-B to save quarter-million in refinancing
COAL GROVE — Officials compare it to the refinancing done by many homeowners around the nation, only in this case, the home in question belongs to Dawson-Bryant students, and the move could save taxpayers nearly a quarter of a million dollars. (Wed, 19 Jul 2006 15:03:34 GMT)
Fitch Affirms GE Commercial Mortgage Corp Series 2005-C2
NEW YORK----July 19, 2006--Fitch affirms GE Commercial Mortgage Corporation commercial mortgage pass-through certificates, series 2005-C2, as follows: $46.7 million class A-1 at 'AAA'; $334.9 million class A-2 at 'AAA'; $132.4 million class A-3 at 'AAA'; $72.4 million class A-AB at 'AAA'; $445.4 million class A-4 at 'AAA'; $451.2 million class A-1A at 'AAA'; $149.1 million class A-J at 'AAA'; (Wed, 19 Jul 2006 16:05:00 GMT)
Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Wed, 19 Jul 2006 18:05:05 GMT)
Use this Home Equity loan Calculator to figure out if you have to use home equity line of credit to lower your debt
, payoff timeline and average annual tax savings with debt and Home Equity loan. (Wed, 19 Jul 2006 18:05:57 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, 19 Jul 2006 18:14:23 GMT)
Considering a Home Remodel? Make Sure It Will Pay Off
(ARA) - If your family has to wait in line to take a shower, or if you're storing pots and pans in the laundry room due to lack of cabinet space, it could be time to consider a home remodeling project. (Wed, 19 Jul 2006 18:14:34 GMT)
Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Wed, 19 Jul 2006 18:16:02 GMT)
New Mortgage Company receives licence
Accra, July 19, GNA 96 A new mortgage finance institution has received its licence from the Bank of Ghana to operate in Ghana, according to a statement issued in Accra on Wednesday. (Wed, 19 Jul 2006 18:31:50 GMT)
Weekly Home Mortgage Rates
Weekly Home Mortgage Rates (Wed, 19 Jul 2006 19:19:45 GMT)
Home loan rates on rise
Borrowing to buy a home is getting more expensive, on top of record fuel prices and inflation at a five-year high. (Wed, 19 Jul 2006 19:46:37 GMT)
State Housing Authority Announces Several Increases to Housing Loan Programs to Help Homeowners in Michigan
In an effort to make homeownership more affordable, the Michigan State Housing Development Authority announced several increases to housing loan programs. Increases were announced for the following programs; income and purchase price limits for the Single Family Loan Program, the Mortgage Credit Certificate Program and the Property Improvement Program. (Wed, 19 Jul 2006 19:47:00 GMT)
Berkshire and Invis announce new suite of mortgage products
Berkshire Securities Inc. and Berkshire Investment Group Inc. together with Invis, Canada’s largest mortgage brokerage, today announced the availability of a new suite of mortgage products for Berkshire clients and a mortgage referral program for Berkshire Advisors effective immediately. (Wed, 19 Jul 2006 19:53:02 GMT)
Washington Mutual to Sell $140 Billion in Mortgage Servicing and Milwaukee Servicing Operations to Wells Fargo
SEATTLE & DES MOINES, Iowa----July 19, 2006--Washington Mutual, Inc. and Wells Fargo & Company have entered into a definitive agreement to sell Washington Mutual's entire portfolio of government mortgage servicing and a portion of its conforming, fixed-rate servicing portfolio -- totaling approximately $140 billion and representing approximately 1.3 million servicing customers -- to Wells Fargo. (Wed, 19 Jul 2006 20:10:00 GMT)
Loan broker touts greater savings for new homebuyers
Consider a homebuyer with a three million baht loan. Over 20 years, a one percentage point reduction in interest rates could save the buyer 444,537 baht in total. (Wed, 19 Jul 2006 20:10:08 GMT)
Fitch Rates $914.3MM ABSC HE Loan Trust, Series OOMC 2006-HE5
NEW YORK----July 19, 2006--Asset Backed Securities Corporation Home Equity Loan Trust, $914.3 million asset-backed pass-through certificates, series OOMC 2006-HE5, which closed on July 18, 2006, 2006, are rated by Fitch as follows: $656.436 million classes A1 through A5 'AAA'; $55.77 million class M1 'AA+'; $46.913 million class M2 'AA'; $17.828 million class M3 'AA-'; $22.856 million class M4 (Wed, 19 Jul 2006 20:11:00 GMT)
Washington Mutual to Sell $140 Billion in Mortgage Servicing and Milwaukee Servicing Operations to Wells Fargo
Washington Mutual, Inc. (NYSE:WM) and Wells Fargo & Company (NYSE:WFC) have entered into a definitive agreement to sell Washington Mutual's entire portfolio of government mortgage servicing and a portion of its conforming, fixed-rate servicing portfolio -- totaling approximately $140 billion and representing approximately 1.3 million servicing customers -- to Wells Fargo. (Wed, 19 Jul 2006 20:18:06 GMT)
USAA Federal Savings Bank tops mortgage study
USAA Federal Savings Bank, which deals with military families, ranked highest in a mortgage servicing satisfaction study, J.D. Power and Associates said Wednesday. (Wed, 19 Jul 2006 20:30:33 GMT)
Wells Fargo to buy Wamu's $140 billion mortgage servicing portfolio
Wells Fargo said Wednesday that it has agreed to buy Washington Mutual's entire portfolio of government mortgage servicing and a portion of its conforming, fixed-rate portfolio, totaling $140 billion and representing about 1.3 million servicing customers. (Wed, 19 Jul 2006 20:34:46 GMT)
Wells Fargo to buy Wamu's $140 billion mortgage servicing portfolio
Wells Fargo said Wednesday that it has agreed to buy Washington Mutual's entire portfolio of government mortgage servicing and a portion of its conforming, fixed-rate portfolio, totaling $140 billion and representing about 1.3 million servicing customers. (Wed, 19 Jul 2006 20:38:22 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 July 19, 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, 19 Jul 2006 21:06:20 GMT)
Wells Fargo to buy WaMu's $140B mortgage servicing portfolio
Wells Fargo said Wednesday that it has agreed to buy Washington Mutual's entire portfolio of government mortgage servicing and a portion of its conforming, fixed-rate portfolio, totaling $140 billion and representing about 1.3 million servicing customers. (Wed, 19 Jul 2006 21:08:47 GMT)
Rising mortgage rates - and how to mitigate them
Just like petrol prices, mortgage rates are rising dramatically, and right when a disproportionate number of loans are up for re-fixing. interest.co.nz looks at why this is happening now, and what mortgage consumers can do to mitigate these rising costs. (Wed, 19 Jul 2006 21:49:56 GMT)
WaMu selling mortgage-servicing and investment units
Washington Mutual Inc., the biggest U.S. savings and loan, agreed to sell a mortgage-related unit to Wells Fargo & Co. to focus on faster-growing... (Wed, 19 Jul 2006 22:07:46 GMT)
Weekly Home Loan Report: 20th - 27th July, 2006
New round of rate rises. This week's inflation numbers have kicked off a new round home loan rate rises. (Wed, 19 Jul 2006 22:30:57 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. (Thu, 20 Jul 2006 01:28:45 GMT)
Arrow Mortgage CORPORATION Your Dream ... .First-time homebuyer options .100%
Arrow Mortgage CORPORATION Your Dream ... (Thu, 20 Jul 2006 02:48:18 GMT)
Ryland offers 1% mortgage loans
Attempting to attract increasingly skittish homebuyers, Ryland Homes has taken a page from the auto industry’s playbook by rolling out a limited-time program centered on steeply discounted financing — including a 1 percent mortgage for the first year. (Thu, 20 Jul 2006 04:15:25 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, 20 Jul 2006 09:29:45 GMT)
June sees record mortgage lending
Gross mortgage lending reaches £32.2bn in June, the highest monthly figure on record, say lenders. (Thu, 20 Jul 2006 09:30:46 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, 20 Jul 2006 09:31:20 GMT)
shelby township
Find a Lender in Shelby Township Get prequalified now for free. Need to get a new mortgage or refinance? Get prequalified the same day. No social security required. Find a qualified local lender now. (Thu, 20 Jul 2006 09:55:45 GMT)
Mixed economy puts mortgage rates in flux
Ben Bernanke could not quite make mortgage rates tank in Bankrate's survey: The benchmark 30-year fixed-rate mortgage rose to 6.89 percent. (Thu, 20 Jul 2006 10:00:00 GMT)
home loan
Home Loan We offer great rates on a variety of fixed rate loans, whether you are refinancing or looking for a second mortgage. Good credit or not, we can help. Approval is fast and easy. (Thu, 20 Jul 2006 10:14:05 GMT)
Mortgage rate rise may be short lived
Mortgage rates are set to rise but it may be a short lived increase. ANZ National announced on Thursday it will increase its fixed term two-year mortgage rate by 0.3% to 8.3% and other banks are expected to follow suit. (Thu, 20 Jul 2006 10:16:28 GMT)
Mortgage rate rise may be short lived
Mortgage rates are set to rise but it may be a short lived increase. ANZ National announced on Thursday it will increase its fixed term two-year mortgage rate by 0.3% to 8.3% and other banks are expected to follow suit. (Thu, 20 Jul 2006 10:20:54 GMT)
Mortgage lending hits record high
Mortgage lending reached record levels in June as the traditional homebuying season got into full swing and high house prices forced up the amount needed to secure a property, figures showed today. (Thu, 20 Jul 2006 10:30:07 GMT)
New mortgage company debuts …Ghana Home Loans Company receives Bank of Ghana license …To fill the housing gap
Home ownership remains the key priority of most Ghanaians. However due to limited sources of mortgage financing, this priority has remained a dream for a significant proportion of the population. (Thu, 20 Jul 2006 10:32:20 GMT)
Mortgage lending hits record high
Mortgage lending reached record levels in June as the traditional homebuying season got into full swing. (Thu, 20 Jul 2006 10:34:48 GMT)
Mortgage lending hits record high
Money: Mortgage lending reached record levels in June. (Thu, 20 Jul 2006 10:43:08 GMT)
How to lower cost of a home-equity line of credit
Lots of consumers have watched the rates double on their home-equity lines of credit in two years. Say you took out a credit line at the prime rate two years ago and borrowed $30,000 against it. Back then, you faced a monthly payment of $100. Now, that same loan at the prime rate costs $206 a month. (Thu, 20 Jul 2006 11:00:25 GMT)
Mortgage lending remains buoyant
Mortgage lending figures for June demonstrate the housing market remains in rude health, albeit off the two-year high achieved a month earlier. (Thu, 20 Jul 2006 11:15:10 GMT)
Bankrate: Bernanke Keeps Mortgage Rates in Flux
Compared to one week ago, mortgage rates inched higher on both fixed and adjustable rate loans. The average 30-year fixed rate mortgage rose to 6.89 percent from 6.87 percent last week. (Thu, 20 Jul 2006 11:30:00 GMT)
Dueling views on home lending discrimination
A consumer advocacy group, after analyzing loan information provided to the government, says there is clear evidence of discrimination against black and Hispanic borrowers. (Thu, 20 Jul 2006 11:34:19 GMT)
Black Forest Family Provides Home for Kippenberger, Oehlen Art
July 20 (Bloomberg) -- Deep in Germany's Black Forest, the town of St. Georgen has little to do with the postcard cliches of chalets with window boxes, cuckoo clocks and chocolate cakes. Nor is it an obvious home for one of the country's biggest private collections of modern art. (Thu, 20 Jul 2006 12:35:32 GMT)
Golden West profit rises 8%; mortgage demand slowing
BOSTON (MarketWatch) -- Golden West Financial Corp. said Thursday net income rose 8% from the year-ago period, but cautioned of slowing mortgage demand this year. (Thu, 20 Jul 2006 13:17:21 GMT)
Mortgage rates return to 4-year high
Mortgage rates rebounded this week, returning to their highest level in more than four years, Freddie Mac reported Thursday. (Thu, 20 Jul 2006 15:28:16 GMT)
D-B to save quarter-million in refinancing
COAL GROVE — Officials compare it to the refinancing done by many homeowners around the nation, only in this case, the home in question belongs to Dawson-Bryant students, and the move could save taxpayers nearly a quarter of a million dollars. (Thu, 20 Jul 2006 15:49:46 GMT)
U.S. mortgage rates rise on inflation concerns
CHICAGO (MarketWatch) -- Mortgage rates rose for the week ending July 20, according to Freddie Mac's weekly survey. The rise was motivated by Consumer Price Index figures for last month, which planted market fears that inflation could still be a threat, said Freddie Mac's chief economist. (Thu, 20 Jul 2006 16:32:42 GMT)
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