Mortgage News Nov 2006

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Some direction for first-time home buyers
Buying a home is an exciting time for all of us, but particularly for first-time home buyers. When a lender says OK, we are so thrilled to be approved we don’t question the details of our financing until we are ready to sign the loan docs at the close of escrow. (Mon, 13 Nov 2006 19:07:42 GMT)

Mortgage industry meets in Montreal
In presentations to the more than 2000 delegates gathered in Montreal for the Annual National Mortgage Conference and Expo, the leadership of The Canadian Institute of Mortgage Brokers and Lenders (CIMBL) indicated today that the organization’s transformation into a fully accredited, professional association is on track and that a further 10% growth for Canadian mortgage credit is expected in (Mon, 13 Nov 2006 19:35:59 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, 13 Nov 2006 20:26:51 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, 13 Nov 2006 20:39:27 GMT)

Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Mon, 13 Nov 2006 20:40:38 GMT)

James P. Giraldin Re-Elected to the Federal Home Loan Bank of San Francisco Board of Directors
SANTA MONICA, Calif.----James P. Giraldin, President, Chief Operating Officer and board member of First Federal Bank of California, the wholly-owned subsidiary of FirstFed Financial Corp. and the third largest Los Angeles-based financial institution, has been re-elected to a three-year term beginning January 1, 2007 on the board of directors of the Federal Home Loan Bank of San Francisco. (Mon, 13 Nov 2006 21:01:00 GMT)

IRD link to track student loan cheats
A new data-matching law will be used to crack down on those leaving the country without declaring they have a student loan. VIEW VIDEO (Mon, 13 Nov 2006 21:10:34 GMT)

Loan hope for first home
Mumbai, Nov. 13: If you are a first-time home loan seeker spooked by the thought of spiralling interest rates, take heart. Banks could soon be wooing you with the cheapest home loan in their portfolios. (Mon, 13 Nov 2006 21:24:05 GMT)

Federal Home Loan Bank of Chicago Announces 2006 Third Quarter Financial Results
The Federal Home Loan Bank of Chicago today announced its financial results for the third quarter of 2006 in its Form 10-Q filed with the U.S. Securities and Exchange Commission. (Mon, 13 Nov 2006 21:32:00 GMT)

First Federal CEO re-elected to Home Loan Bank of San Francisco board
The president, chief operating officer and board member of the First Federal Bank of California, James P. Giraldin, has been re-elected to a three-year term on the board of directors of the Federal Home Loan Bank of San Francisco, the company said Monday. (Mon, 13 Nov 2006 21:37:25 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. (Mon, 13 Nov 2006 22:17:03 GMT)

Former Countrywide employee testifies in mortgage fraud trial
A former Countrywide employee, who was also a member of the grand jury that heard the federal mortgage flipping case against Richard Lucas, took the stand this afternoon as a defense witness for Lucas. (Tue, 14 Nov 2006 00:10:14 GMT)

Alfa-Bank increases maximum mortgage loan to $500,000
In a bid to beef up its presence in the mortgage market, Russias Alfa-Bank has increased its maximum mortgage loan up to $500,000 to buy a flat in the secondary market. (Tue, 14 Nov 2006 02:14:56 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Tue, 14 Nov 2006 02:39:46 GMT)

125pc home loans offered to 'cash-poor' professionals
HBOS, Britain's biggest mortgage lender, yesterday launched a 125 per cent home loan to help cash-poor professionals on to the housing ladder. (Tue, 14 Nov 2006 02:43:52 GMT)

Loan system in for shake up
Up to 40,000 New Zealanders living offshore are about to receive bad news about their student loan. Inland Revenue and Customs are now able to swap data to catch student loan defaulters who have taken off overseas. And they will be forced to pay up when they return. (Tue, 14 Nov 2006 03:13:51 GMT)

Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Tue, 14 Nov 2006 03:54:25 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, 14 Nov 2006 04:08:04 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, 14 Nov 2006 04:08:54 GMT)

Federal loan to aid shopping center construction
A partnership between the Rocky Mount-Edgecombe Community Development Corp. and RBC Centura is one of 10 winners to share $9.7 million as part of the Federal Home Loan Bank of Atlanta's recent Economic Development and Growth Enhancement program offering. (Tue, 14 Nov 2006 05:04:09 GMT)

Quick guide on mortgage law
Ohio Attorney General Jim Petro in October filed newly proposed administrative and consumer protection rules aimed at clarifying what are fair and ethical mortgage lending practices as outlined in Ohio Senate Bill 185. (Tue, 14 Nov 2006 06:12:54 GMT)

Shock & ARMs
F or Amy and Randy Greenwood, an adjustable-rate mortgage was a way to consolidate bills even with less-than-perfect credit. (Tue, 14 Nov 2006 06:53:41 GMT)

Nagin's gap-loan proposal draws fire in council
Several of New Orleans Mayor Ray Nagin's housing and hurricane recovery programs, particularly a $50 million gap-loan fund that Nagin has proposed creating to help homeowners waiting for money from the state's Road Home program, came under sharp criticism Monday as the City Council continued its hearings on Nagin's 2007 budget proposals. (Tue, 14 Nov 2006 07:14:07 GMT)

Britannia increases maximum mortgage term to 40 years
Britannia Building Society is increasing its maximum mortgage term to 40 years in a bid to target first time buyers. ... (Tue, 14 Nov 2006 09:44:47 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Tue, 14 Nov 2006 10:25:28 GMT)

HouseRaising Develops Program With SunTrust Mortgage to Enable Affiliated Builders to Buy Materials From Lowe's on a
HouseRaising, Inc. , a managed service provider to the custom homebuilding industry, today announced the development of a credit program with SunTrust Mortgage, a subsidiary of SunTrust Banks, Inc. , which enables builders affiliated with HouseRaising to buy materials and supplies from Lowe's , through a master credit facility. (Tue, 14 Nov 2006 11:00:00 GMT)

HouseRaising Develops Program With SunTrust Mortgage to Enable Affiliated Builders to Buy Materials From Lowe's on a
CHARLOTTE, N.C., Nov. 14 /PRNewswire-FirstCall/ -- HouseRaising, Inc. (BULLETIN BOARD: HRAI), a managed service provider to the custom homebuilding industry, today announced the development of a credit program with SunTrust Mortgage, a subsidiary of SunTrust Banks, ( Nachrichten ) Inc. , which enables builders affiliated with HouseRaising to buy materials and supplies from Lowe's , through a (Tue, 14 Nov 2006 11:16:08 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. (Tue, 14 Nov 2006 11:26:26 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, 14 Nov 2006 11:27:46 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Tue, 14 Nov 2006 11:27:56 GMT)

Insuring mortgage payments is a low priority
Only 11 per cent of people think mortgage payments are one of the most important things to insure. (Tue, 14 Nov 2006 12:14:57 GMT)

Mortgage Angels launches three-tier lead purchase solution
Mortgage Angels have increased the amount of business that can be conducted online, streamlining and speeding up the process, so brokers can concentrate on closing leads more quickly and successfully. (Tue, 14 Nov 2006 12:22:08 GMT)

Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Tue, 14 Nov 2006 12:25:36 GMT)

Defense witnesses testify in mortgage trial
A former Countrywide Financial employee who served on the federal grand jury that heard the mortgage flipping case against Richard Lucas, Kimberly Castle and Kenneth Stalnaker, took the stand Monday afternoon as a witness for Lucas. (Tue, 14 Nov 2006 12:41:36 GMT)

Vestin Realty Mortgage II, Inc. Announces Common Stock Dividend
LAS VEGAS----Vestin Realty Mortgage II, Inc. announced today that on November 13, 2006 the Board of Directors approved a 30% stock dividend to the common shareholders of record on November 30, 2006. (Tue, 14 Nov 2006 13:00:00 GMT)

M&T taking mortgage unit in-house
M&T Mortgage Corp. is being merged into M&T Bank, pending state regulatory approval. (Tue, 14 Nov 2006 13:15:29 GMT)

Putin critical of mortgage system, unaffordable for most citizens
MOSCOW, November 14 (Itar-Tass) - Russian President Vladimir Putin criticized the current mortgage system in the country, which, in his view, remains unaffordable for a majority of citizens. (Tue, 14 Nov 2006 13:33:37 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, 14 Nov 2006 15:03:42 GMT)

Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Tue, 14 Nov 2006 16:25:00 GMT)

Man arrested in mortgage-fraud investigation
Police took a Tinley Park man into custody and seized three luxury cars and flat-screen TVs from his upscale home this morning in a mortgage-fraud investigation launched six months ago. (Tue, 14 Nov 2006 17:18:44 GMT)

Broward feels stress over high rate of foreclosures
Broward County had the second-highest mortgage foreclosure rate among the nation's top 100 metropolitan areas during the third quarter, according to a report released Friday. (Tue, 14 Nov 2006 17:29:52 GMT)

First American LoanPerformance Mortgage Securities Database Surpasses $1.5 Trillion Milestone
First American LoanPerformance, a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced that its mortgage securities database now contains loan-level information on more than $1.5 trillion worth of active securitized mortgages. (Tue, 14 Nov 2006 18:32:05 GMT)

Thornburg Mortgage offering Series D stock
Thornburg Mortgage Inc. has launched a 2 million share public offering of Series D preferred stock at $25 per share. The offering carries a fixed dividend for the initial five year period and will float quarterly thereafter. (Tue, 14 Nov 2006 18:38:04 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, 14 Nov 2006 18:47:44 GMT)

First Horizon Home Loans Implements FAMUS System to Improve Broker Service
Wholesale account executives for First Horizon Home Loans now have a new automation system in place to enhance their service to mortgage brokers across the nation. First Horizon, one of the country's leading lenders, has introduced FAMUS, an automated loan engine designed specifically for brokers originating non-prime loans. (Tue, 14 Nov 2006 19:05:10 GMT)

Federal Home Loan Bank of Indianapolis Announces Third Quarter 2006 Financial Filing
The Federal Home Loan Bank of Indianapolis announced today its third quarter 2006 10-Q filing with the Securities and Exchange Commission . (Tue, 14 Nov 2006 19:14:56 GMT)

Federal Home Loan Bank of Atlanta Announces Third Quarter Results and Fourth Quarter Dividend Guidance
The Federal Home Loan Bank of Atlanta today released financial results for the three and nine months ended Sept. 30, 2006. FHLBank Atlanta's assets were $144.0 billion at Sept. 30, 2006, an increase of $810.8 million from Dec. 31, 2005. (Tue, 14 Nov 2006 19:21:00 GMT)

Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Tue, 14 Nov 2006 19:27:48 GMT)

Vestin Realty Mortgage Declares Dividend
Real estate investment trust Vestin Realty Mortgage II Inc. said Tuesday its board approved a 30 percent stock dividend. The dividend will be distributed Dec. 15 to shareholders of record Nov. 30. (Tue, 14 Nov 2006 19:52:40 GMT)

HNMA Launches Automated Underwriting System - HAUS - for Underserved Hispanic and Immigrant Segments in the Mortgage
The Hispanic National Mortgage Association (HNMA) announced today it has launched HAUS, the first automated mortgage underwriting system that is calibrated to make credit decisions using the non-traditional characteristics prevalent in Hispanic and other immigrant communities. The new automated underwriting system will enable mainstream lenders to expand their market share within these rapidly (Tue, 14 Nov 2006 19:56:52 GMT)

Memphis among riskiest mortgage markets
Memphis is on the list of five top markets for mortgage risk and fraud. (Tue, 14 Nov 2006 20:18:01 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Tue, 14 Nov 2006 20:32:12 GMT)

Auto Refinancing Puts Gas Money in Your Pocket
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. The price of a barrel of crude oil recently peaked at $77 dollars. (Tue, 14 Nov 2006 20:32:22 GMT)

Mortgage guide
Be guided through one of the biggest purchases you will possibly make and use our specially designed mortgage calculators. Investment property guide Navigate through the steps of buying a property, discover the hidden fees, and compare the most competitive lending rates. (Tue, 14 Nov 2006 22:04:04 GMT)

Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Tue, 14 Nov 2006 22:17:52 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, 14 Nov 2006 23:09:55 GMT)

Mortgage fraud trial goes to the jury
The federal mortgage flipping case against Richard Lucas, Kimberly A. Castle and Kenneth Stalnaker has gone to the jury. The three are accused of buying distressed property at low prices, getting inflated appraisals to get high mortgage loans and then pocketing the proceeds. (Wed, 15 Nov 2006 00:10:15 GMT)

Broward feels stress over high rate of foreclosures
Broward County had the second-highest mortgage foreclosure rate among the nation's top 100 metropolitan areas during the third quarter, according to a report released Friday. (Wed, 15 Nov 2006 04:29:57 GMT)

Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Wed, 15 Nov 2006 06:53:06 GMT)

Authorities warn of mortgage fraud
ELEANOR HALL: The easy access to housing finance and aggressive marketing of loans in Australia over the past decade hasn't just attracted home buyers. The money on offer has also become a target for sharks in the growing crime of mortgage fraud. (Wed, 15 Nov 2006 08:10:23 GMT)

More Americans Refinance Homes to Pay Existing Debt -- But Should They
Bills.com spotlights pros, cons of credit-paying mortgage refinance. (PRWeb Nov 15, 2006) Trackback URI: http://www.prweb.com/zingpr.php/Q291cC1aZXRhLUhvcnItU3F1YS1NYWduLVplcm8= (Wed, 15 Nov 2006 08:27:31 GMT)

What is the Difference between a Home Equity Loan and a Home Equity Line of Credit?
I have equity built up in my home but I don't how get to it. Read more to find out the differences between home equity loan or a home equity line of credit. Still not sure which is right for you? Visit the LendingTree.com Smart Borrower Center to learn more. Go to www.lenidngtree.com/smartborrower . (PRWeb Nov 15, 2006) Trackback URL: (Wed, 15 Nov 2006 08:43:01 GMT)

Falling behind on mortgage and need help?
D ear Debt Adviser: How can I catch up on a mortgage payment? I have fallen behind and have no options, such as extension, refinance, deferral, debt consolidation loan, etc., available to me. Also, apparently, I am not allowed to pay partial payments to catch up the payment. (Wed, 15 Nov 2006 10:30:05 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, 15 Nov 2006 11:27:59 GMT)

NORTH POINT: Mortgage firm opens doors
Nov 15, 2006 — North Point Mortgage officially opened its doors Tuesday afternoon at 2025 E. Market St. in York. The company moved into the late Victorian space June 1; however, the property required months of renovations. (Wed, 15 Nov 2006 11:28:18 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Wed, 15 Nov 2006 11:40:50 GMT)

More Americans Refinance Homes to Pay Existing Debt -- But Should They
SAN MATEO, Calif. (PRWEB) November 15, 2006 -- Despite cautionary forecasts about the nation's economy and the state of consumer debt, a recent mortgage refinance review found 88 percent of refinance loans in a recent survey were "cash out" refinances for higher amounts than the original mortgage. (Wed, 15 Nov 2006 12:00:00 GMT)

Mortgage Loan Application Volume Rises
(RTTNews) - Mortgage loan application volume rose in the most recent week, driven by improved refinancing activity. The Mortgage Bankers Association said Wednesday that its market index of mortgage loan application volume climbed 4.3% in the most recent week. (Wed, 15 Nov 2006 12:24:49 GMT)

Refinance surge continues with lower rates
WASHINGTON (MarketWatch) - The number of applications at U.S. banks to refinance mortgages rose to the highest level in more than a year last week as interest rates declined, the Mortgage Bankers Association reported Wednesday. (Wed, 15 Nov 2006 12:34:27 GMT)

Jury reviewing evidence in mortgage case
Greed, fraud and deceit. That was the theme that Assistant U.S. Attorney Gaines Cleveland used during his opening remarks to the jury three weeks ago at the start of the federal mortgage fraud trial of Richard Lucas, Kimberly A. Castle and Kenneth Stalnaker in U.S. District Court in Hattiesburg. (Wed, 15 Nov 2006 12:41:24 GMT)

Share a house, not the mortgage interest
Dear Tax Talk, My boyfriend and I bought a house together. He's been making the entire mortgage payments. Do we both have to deduct the mortgage interest on our individual tax returns, 50-50? Or should he deduct the entire mortgage interest amount on his tax return? (Wed, 15 Nov 2006 12:43:55 GMT)

FHA's mortgage limit in Deschutes a new high
The Federal Housing Administration has raised its mortgage limits in Deschutes County for the third time in 10 months - a side effect of local home prices that have continued to rise, on average, through most of the year, despite rising inventories and a cooling national real estate market. (Wed, 15 Nov 2006 13:12:11 GMT)

Mortgage applications highest since January; many owners refinancing
Applications for home mortgages rose last week to their highest level since January as falling interest rates encouraged more loan refinancings, data from an industry group showed Wednesday. (Wed, 15 Nov 2006 14:04:50 GMT)

Mortgage applications hit highest since January
Falling interest rates encourage high rate of refinancing, shows data from Mortgage Bankers Association. (Wed, 15 Nov 2006 18:49:48 GMT)

Conforming loan limit to stay put if home prices fall
WASHINGTON (MarketWatch) -- The maximum conforming loan limit for U.S. mortgages will be frozen at current levels if home prices fall, the agency charged with figuring the limits said Wednesday. (Wed, 15 Nov 2006 20:48:58 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Wed, 15 Nov 2006 22:39:30 GMT)

Home loan demand rises as refinancing surges
NEW YORK (Reuters) - U.S. mortgage applications rose sharply last week, reflecting a surge in home refinancing loans as interest rates remained near recent lows, an industry trade group said on Wednesday. (Thu, 16 Nov 2006 12:23:36 GMT)

U.S. mortgage rates fall
CHICAGO (MarketWatch) - Both long-term and short-term mortgage rates moved lower this week on early indications that the threat of inflation may be receding, Freddie Mac's chief economist said Thursday. (Thu, 16 Nov 2006 18:04:04 GMT)

Mortgage rates fizzle
Mortgage rates fell sharply this week on early signs that inflation may be less of a threat, according to a survey released Thursday. (Thu, 16 Nov 2006 18:35:13 GMT)

Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Fri, 17 Nov 2006 01:33:38 GMT)

Mortgage rates drop to lowest level in 8 months
WASHINGTON -- Rates on 30-year mortgages fell sharply this week to the lowest level in eight months, reflecting easing inflation concerns. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages dipped to 6.24 percent, down from 6.33 percent last week. (Fri, 17 Nov 2006 07:03:51 GMT)

Will it kill my credit rating if I miss making a mortgage payment?
It's unanimous. Our panel of experts from the Financial Planning Association of Greater Indiana says: Pay your mortgage. Pay your mortgage. Pay your mortgage! Do what it takes to stay current because playing catch-up becomes nearly impossible. (Fri, 17 Nov 2006 07:53:05 GMT)

Mortgage rate drop delights
On a warm July day just before a searing heat wave hit Sacramento, economist Frank Nothaft predicted from his Washington, D.C., office that mortgage rates would stay below 7 percent the rest of 2006. (Fri, 17 Nov 2006 08:15:04 GMT)

Mortgage rates drop to March level
Rates on 30-year mortgages fell sharply this week to the lowest level in eight months, reflecting easing inflation concerns. Mortgage-giant Freddie Mac reported yesterday that 30-year, fixed-rate mortgages dipped to 6.24 percent, down from 6.33 percent last week. The decline pushed rates to the lowest level since March 2, when they also stood at 6.24 percent. (Fri, 17 Nov 2006 08:21:40 GMT)

30-year mortgage rates drop to 6.24%
Rates on 30-year mortgages fell sharply this week to the lowest level in eight months, reflecting easing inflation concerns. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages dipped to 6.24 percent, down from 6.33 percent last week. The decline pushed rates to the lowest level since March 2, when they also stood at 6.24 percent. (Fri, 17 Nov 2006 11:28:01 GMT)

Mortgage Rates Hit 8-Month Low
Rates on 30-year mortgages fell sharply this week to the lowest level in eight months, reflecting easing inflation concerns. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages dipped to 6.24 percent, down from 6.33 percent last week. The decline pushed rates to the lowest level since March 2 when they also stood at... (Fri, 17 Nov 2006 12:09:42 GMT)

Summit Financial to Exit Mortgage Business
Regional banker Summit Financial Group Inc. said Friday it will either sell or shut down its Summit Mortgage business based on the unit's poor performance. (Fri, 17 Nov 2006 12:14:40 GMT)

Kiraly makes loan move to Hammers
Crystal Palace keeper Gabor Kiraly joins West Ham on an emergency two-week loan. (Fri, 17 Nov 2006 13:15:16 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. (Fri, 17 Nov 2006 13:26:35 GMT)

American Mortgage Acceptance Company Closes First Collateralized Debt Obligation Issuance
American Mortgage Acceptance Company (AMEX:AMC) ("AMAC or the "Company”) today announced that its subsidiary, AMAC CDO Funding I (the "Issuer”), closed its first commercial real estate collateralized debt obligation ("CDO”) offering, issuing approximately $362 million in aggregate principal amount of non-recourse CDO notes (the "Notes”). (Fri, 17 Nov 2006 13:52:41 GMT)

Help! Home for sale - Basile and Neuffer
Like many other California renters in early 2005, Nick Basile and his fiancée, Jackie Neuffer, felt the pressure of ballooning home prices. (Fri, 17 Nov 2006 15:05:11 GMT)

Hawaii mortgage rates: 5.75%
Most Hawaii mortgage lenders are quoting 5.75 percent this week for a regular 30-year fixed-rate home loan, the Honolulu Board of Realtors reported Friday. (Fri, 17 Nov 2006 15:34:38 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Fri, 17 Nov 2006 15:57:52 GMT)

FBI agent says mortgage fraud getting worse
Jim Brennan's pitch may be lighthearted, but his message is sobering: There is an epidemic of mortgage fraud in this country. (Fri, 17 Nov 2006 16:02:51 GMT)

Banks should take undertaking on home loan: RBI
The Reserve Bank of India (RBI) following a Delhi High Court order, on Friday issued directives to banks to follow certain additional procedures while sanctioning housing loans. (Fri, 17 Nov 2006 17:24:21 GMT)

Catching up on your mortgage
Dear Debt Adviser: How can I catch up on a mortgage payment? I have fallen behind and have no options, such as extension, refinance, deferral, debt consolidation loan, etc., available to me. Also, apparently, I am not allowed to pay partial payments to catch up the payment. (Fri, 17 Nov 2006 17:48:12 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Fri, 17 Nov 2006 18:14:24 GMT)

Federal Home Loan Bank Of Boston Announces Quarterly Dividend
The Board of Directors of the Federal Home Loan Bank of Boston today declared a quarterly dividend rate with an equivalent annual yield of 5.75 percent. (Fri, 17 Nov 2006 18:47:00 GMT)

Federal Home Loan Bank of Boston Announces Board Election Results
The Federal Home Loan Bank of Boston is pleased to announce that the following were reelected to the Bank's board of directors for three-year terms commencing January 1, 2007: Mark E. (Fri, 17 Nov 2006 18:48:00 GMT)

James W. Fulmer Joins The Board Of The Federal Home Loan Bank Of New York
James W. Fulmer, Chairman, President and Chief Executive Officer of The Bank of Castile, and President of Tompkins Trustco, Inc., its parent company, has been elected to the Board of Directors of the Federal Home Loan Bank of New York. Mr. Fulmer will serve a three-year term that will begin January (Fri, 17 Nov 2006 18:51:05 GMT)

Seoul Puts Cap on Home Mortgage Loans
Bank mortgage loans have been capped. To control housing prices, the Financial Supervisory Service (FSS) has put a brake on mortgages by setting limits on bank home loan mortgages. (Fri, 17 Nov 2006 19:27:54 GMT)

Tony Barnes Joins Chase Mortgage Team in Clearwater
New mortgage professional brings industry experience to team (Fri, 17 Nov 2006 21:16:16 GMT)

Equity Inns closes $95M mortgage debt offering
Equity Inns Inc. has completed a $95 million offering of senior mortgage debt. (Fri, 17 Nov 2006 21:22:55 GMT)

Weatherman Neal Pascal Charged In Mortgage Fraud Agrees To Plead Guilty, Cooperate With Government
Former Channel 9 weatherman Neal Pascal was charged Friday by federal authorities in a mortgage fraud case. Authorities said he has agreed to plead guilty and will cooperate with the government. (Fri, 17 Nov 2006 22:02:36 GMT)

Treasury looks at mortgage-related debt
The Treasury Department is tightening its process for approving the millions of dollars of mortgage-related debt issued by Fannie Mae and Freddie Mac, a change that could take effect as soon as January, a senior Treasury official said Friday. (Fri, 17 Nov 2006 22:38:52 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sat, 18 Nov 2006 01:25:22 GMT)

Mortgage Plus offers up to 125%
HBOS has become the latest lender to let borrowers combine a secured mortgage and unsecured personal loan to borrow up to 125 per cent of a property's value. (Sat, 18 Nov 2006 01:46:17 GMT)

Concord man indicted on mortgage fraud
An federal grand jury in Oakland has indicted a Concord man in connection with a $13 million mortgage fraud scheme. (Sat, 18 Nov 2006 01:49:32 GMT)

Loan waiver one-off event: ICICI
NDTV had reported the story of how the wife of an air force pilot who died while on duty earlier this year had to continue paying the home loan amount availed by the couple. (Sat, 18 Nov 2006 02:51:04 GMT)

Auto Refinancing Puts Gas Money in Your Pocket
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. The price of a barrel of crude oil recently peaked at $77 dollars. (Sat, 18 Nov 2006 03:40:12 GMT)

Business: Treasury reigns in mortgage giants with new rule
WASHINGTON - The Treasury Department is tightening its process for approving the millions of dollars of mortgage-related debt issued by Fannie Mae and Freddie Mac, a change that could diminish the footprint of the two giants in the financial markets. ... - By MARCY GORDON The Associated Press (Sat, 18 Nov 2006 05:23:28 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sat, 18 Nov 2006 10:25:09 GMT)

Consumer Loan And Savings Rates
A sampling of financial institutions was asked to quote the most recent lowest annual percentage rates they would charge a new loan customer with an annual income from $30,000 to $35,000 and good credit standing. Qualifications for borrowing and finance charges vary among institutions. Rates may differ from branch to branch. Some institutions provide lower rates to existing customers. (Sat, 18 Nov 2006 11:14:41 GMT)

Artistic fraud on top of mortgage fraud?
Matthew Cox, the former Tampa mortgage broker who was the alleged mastermind of a multimillion-dollar mortgage fraud scheme, dazzled women with his talent as a painter. (Sat, 18 Nov 2006 11:17:33 GMT)

Willamette Valley Bank buys mortgage firm in Corvallis
Willamette Valley Bank has acquired University Mortgage in Corvallis, located at 2851 NW Ninth St., and converted it into a Willamette Valley Bank Home Loan Center, company officials said. (Sat, 18 Nov 2006 11:25:25 GMT)

Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Sat, 18 Nov 2006 11:27:29 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. (Sat, 18 Nov 2006 11:54:15 GMT)

CONCORD / Mortgage fraud suspect flees in BMW as FBI nears
An allegedly armed Concord man vowing "not to be taken alive" fled from FBI agents Friday as they tried to arrest him on a federal indictment accusing him of a $13 million mortgage-fraud scheme, authorities said. Edward Batayeh, 39, also known as Iyad... (Sat, 18 Nov 2006 12:08:20 GMT)

Mortgage rates hit 8-month low
WASHINGTON — Rates on 30-year mortgages fell sharply this week to the lowest level in eight months, reflecting easing inflation concerns. Freddie Mac reported Thursday that 30-year, fixed-rate mortgages dipped to 6.24 percent, down from 6.33 percent last week. (Sat, 18 Nov 2006 12:14:07 GMT)

Mortgage giants face reform
THE ASSOCIATED PRESS WASHINGTON - The Treasury Department is tightening its process for approving the millions of dollars of mortgage-related debt issued by Fannie Mae and Freddie Mac, a change that could take effect as soon as January, a senior Treasury official said yesterday. (Sat, 18 Nov 2006 12:17:37 GMT)

On-loan Clarke may stay at Coventry
Coventry City want to keep on-loan Sunderland defender Clive Clarke until the New Year. (Sat, 18 Nov 2006 12:53:46 GMT)

2 mortgage giants put on notice
The Treasury Department is tightening its process for approving the millions of dollars of mortgage-related debt issued by Fannie Mae and Freddie Mac, a change that could diminish the footprint of the two giants in the financial markets. (Sat, 18 Nov 2006 13:04:38 GMT)

Treasury Looks at Mortgage-Related Debt
WASHINGTON -- The Treasury Department is tightening its process for approving the millions of dollars of mortgage-related debt issued by Fannie Mae and Freddie Mac, a change that could take effect as soon as January, a senior Treasury official said Friday. (Sat, 18 Nov 2006 15:05:08 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. (Sat, 18 Nov 2006 17:12:55 GMT)

Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Sat, 18 Nov 2006 17:13:55 GMT)

Your Money Matters: Say 'I Do' to Home Buying
(ARA) - Getting married marks a huge milestone for many people who have spent years dreaming about being a husband or wife. Another major milestone that often follows marriage is the first "big" purchase, which is typically buying a home. (Sun, 19 Nov 2006 01:43:25 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, 19 Nov 2006 02:26:24 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. (Sun, 19 Nov 2006 02:27:35 GMT)

Robert Bruss: Is tax due on cash-out mortgage refinance?
DEAR BOB: We just refinanced our condo, receiving part of our equity in cash. Is the money we received taxable? — Sheila D. DEAR SHEILA: No. When you refinance your mortgage and take out all or part of your home equity in cash (called a “cash-out refinance”) you owe zero tax on that cash. It is tax-free for you to spend as you wish. (Sun, 19 Nov 2006 05:26:32 GMT)

Houston mortgage monitor
The mortgage interest rate list represents a sampling of rates as quoted by lenders in the Houston market on Friday. (Sun, 19 Nov 2006 06:37:33 GMT)

Your mortgage bites back if you fall behind; here's how to get current
Q: How can I catch up on a mortgage payment? I have fallen behind and have no options, such as extension, refinance, deferral, debt consolidation loan, etc., available to me. Also, apparently, I am not allowed to pay partial payments to catch up on the payment. I have a job with available overtime, so I know I can make a little extra money this way, but I am also behind with other bills. Any (Sun, 19 Nov 2006 07:08:49 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Sun, 19 Nov 2006 07:35:12 GMT)

Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Sun, 19 Nov 2006 07:35:22 GMT)

Shopping for a mortgage?
With more than a decade of experience in the mortgage financing business, Jen Davis has seen clients fitting just about every profile walk through her door. (Sun, 19 Nov 2006 08:14:23 GMT)

These kind of mistakes can often be avoided
Question: I made a huge mistake recently when refinancing my house. I did a first mortgage that is interest - only for 10 years with a three-year prepayment of six months of interest, unless we sell after one year. Then there is no pre-payment. On the second mortgage it is fixed for 15 years with a balloon payment and a two-year pre-payment penalty. Is there anything I can do to change this or (Sun, 19 Nov 2006 08:57:14 GMT)

Their dream home a living nightmare
When the Jarashow family moved into their new home this summer, they thought they were leaving their struggles with flooded backyards and drainage problems behind them. (Sun, 19 Nov 2006 09:46:12 GMT)

McCormack is back out on loan
Want-away midfielder Alan McCormack is back at Southend on loan – just days after slapping in a transfer request. (18/11/2006 10:55:17) (Sun, 19 Nov 2006 10:19:13 GMT)

Buying it in Laguna Hills, 92653
Three ways to buy a $570,000 home, based on interest rates as of noon Thursday, no points and $4,000 in closing costs. 30-YEAR FIXED Loan assumes 5% down payment, 6.875% interest (6.89% APR). (Sun, 19 Nov 2006 11:00:31 GMT)

Local mortgage rates on the rise
Mortgage rates in Orange County rose for the second-straight week, though they remain below the July peak. The average rate on a 30-year fixed inched up to 5.964 percent with a one-point fee. And the introductory rate on a one-year adjustable rose to 4.409 percent with a two-point fee. (Sun, 19 Nov 2006 11:00:58 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. (Sun, 19 Nov 2006 11:17:15 GMT)

Mortgage rates at 8-month low
WASHINGTON – Rates on 30-year mortgages fell sharply last week to the lowest level in eight months, reflecting easing inflation concerns. (Sun, 19 Nov 2006 11:17:53 GMT)

Your Money Matters: Say 'I Do' to Home Buying
(ARA) - Getting married marks a huge milestone for many people who have spent years dreaming about being a husband or wife. Another major milestone that often follows marriage is the first "big" purchase, which is typically buying a home. (Sun, 19 Nov 2006 11:40:25 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. (Sun, 19 Nov 2006 11:40:35 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Sun, 19 Nov 2006 16:12:17 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, 19 Nov 2006 22:24:16 GMT)

Your Money Matters: Say 'I Do' to Home Buying
(ARA) - Getting married marks a huge milestone for many people who have spent years dreaming about being a husband or wife. Another major milestone that often follows marriage is the first "big" purchase, which is typically buying a home. (Sun, 19 Nov 2006 22:26:26 GMT)

Mortgage Cap Lifted After Just 1 Day
Commercial banks that initially said they would discontinue issuing new home mortgage loans announced that they would resume providing loans on November 20 yesterday. (Sun, 19 Nov 2006 22:27:30 GMT)

Mortgage lenders accused of using rate rise to boost profits
Leading mortgage lenders in Britain have been accused of exploiting interest-rate rises to boost profits while failing to pass on the benefits to savers.... (Sun, 19 Nov 2006 23:21:48 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Mon, 20 Nov 2006 00:20:49 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Mon, 20 Nov 2006 00:21:11 GMT)

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