Mortgage News Dec 2006

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/ CORRECTION - Omni Home
> In the news release, 'Omni Home, Inc.Is Home Sweet Home for Loan Officers' issued November 29, 2006 by OmniHome, we are advised by the company that the second paragraph should readas follows: As members of NRMLA, the non-profit governing body for reversemortgage brokers, Omni Home feels strongly that these industry specificsmatter most toward prospective loan officers contemplating a move. (Fri, 01 Dec 2006 03:07:21 GMT)

/ CORRECTION - Omni Home
> In the news release, 'Omni Home, Inc.Is Home Sweet Home for Loan Officers' issued November 29, 2006 by OmniHome, we are advised by the company that the second paragraph should readas follows: As members of NRMLA, the non-profit governing body for reversemortgage brokers, Omni Home feels strongly that these industry specificsmatter most toward prospective loan officers contemplating a move. (Fri, 01 Dec 2006 03:50:02 GMT)

Silver Hill(R) Expands Online Marketing Toolkit, Offers More Choices for Mortgage Brokers to Market Small-Balance
Silver Hill Financial, LLC (http://www.silverhillfinancial.com/), a leading national real estate lender specializing in small-balance commercial loans, has launched an enhanced version of its online Marketing Toolkit. The Toolkit, available via Silver Hill's website, now offers mortgage brokers the ability to customize and download materials to their desktop for printing anywhere. (Fri, 01 Dec 2006 03:51:35 GMT)

Mortgage holders' early Christmas gift
The Reserve Bank of Australia (RBA) is likely to give mortgage holders an early Christmas present next week, when interest rates are expected to be kept on hold. And economists are predicting the central bank will remain on the sidelines well into 2007. (Fri, 01 Dec 2006 05:01:33 GMT)

Mortgage rates lowest since january
Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January. Mortgage giant Freddie Mac said 30-year, fixed-rate mortgages averaged 6.14 percent, down from 6.18 percent last week. It marked the third-straight weekly decline in rates, a development economists attributed to easing inflation pressures as the overall economy slows, held (Fri, 01 Dec 2006 05:03:52 GMT)

Mortgage rates drop to lowest since January
WASHINGTON (AP) — Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.14 percent, down from 6.18 percent last week. (Fri, 01 Dec 2006 05:41:39 GMT)

Mortgage Bonds Buffeted by Loan Delinquencies, Housing Slump
Dec. 1 (Bloomberg) -- The mortgage bond market is beginning to buckle under the weight of the worst U.S. housing slump in six years. (Fri, 01 Dec 2006 06:08:00 GMT)

Mortgage Rates Drop to 6.14 Percent
Long-term U.S. mortgage rates fell this week to their lowest levels since January, according to a report released today, but the chief economist for government-backed mortgage company Freddie Mac said rates may soon be heading back up. (Fri, 01 Dec 2006 06:47:26 GMT)

Housing Slide to Recession? Protect Home Value Using LoanPage.com Mortgage Tools
With a one in two chance of a 2007 recession caused by a weak housing market, many homeowners looking to preserve their house value may turn to LoanPage.com, a complete source of mortgage loan tools and lenders. Home equity makes up a large amount of most households' total wealth, and some homeowners may have to make a financial move, such as using home equity protection, to safeguard their (Fri, 01 Dec 2006 08:20:53 GMT)

Mortgage rates continue to drop
Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January. Mortgage giant Freddie Mac reported yesterday that 30-year, fixed-rate mortgages averaged 6.14 percent, down from 6.18 percent last week. That was the lowest rate since the week of Jan. 26, when 30-year mortgage rates averaged 6.12 percent. (Fri, 01 Dec 2006 08:37:14 GMT)

Mortgage rates at 10-month low
WASHINGTON — Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January. (Fri, 01 Dec 2006 09:10:57 GMT)

Mortgage rates dip to 10-month low
WASHINGTON - Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January. (Fri, 01 Dec 2006 09:57:13 GMT)

Refinancing won't solve debt problems
Tapping equity to refinance a mortgage will wipe out credit card and student loan debt, but it creates new problems if you keep on spending, says the Debt Adviser. (Fri, 01 Dec 2006 11:00:00 GMT)

Mortgage rates decline
Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.14 percent, down from 6.18 percent last week. That was the lowest rate since the week of Jan. 26, when 30-year mortgage rates averaged 6.12 percent. (Fri, 01 Dec 2006 11:20:36 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, 01 Dec 2006 12:15:04 GMT)

Henrik Larsson Joins Manchester United for Three Months on Loan
Dec. 1 (Bloomberg) -- Henrik Larsson, the Swedish striker who helped Barcelona win Europe's Champions League in May, will join Manchester United on loan in January, boosting the club's attack as it battles Chelsea for the Premiership title. (Fri, 01 Dec 2006 12:28:22 GMT)

30-year mortgage rate dips to 10-month low
WASHINGTON — Mortgage rates across the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January. Mortgage company Freddie Mac reported yesterday that 30-year, fixed-rate mortgages averaged 6.14 percent, down from 6.18 percent last week. (Fri, 01 Dec 2006 12:31:00 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, 01 Dec 2006 12:39:55 GMT)

Refinancing doesn't stop debt problems
Dear Debt Adviser, We are in a situation where we owe $250,000 on our mortgage and $88,000 on our second mortgage. We also have $30,000 in credit cards and owe $37,000 on our car. Plus we are paying college bills. We bring home $7,500 per month but now are behind and can't seem to see light. (Fri, 01 Dec 2006 12:44:05 GMT)

Mortgage rates now at level of January
WASHINGTON — Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January. (Fri, 01 Dec 2006 13:46:34 GMT)

Mortgage Bonds Hurt by Delinquencies, Housing Slump (Update1)
Dec. 1 (Bloomberg) -- The mortgage bond market is beginning to buckle under the weight of the worst U.S. housing slump in six years. (Fri, 01 Dec 2006 15:29:29 GMT)

HSBC Buys Champion Mortgage Portfolio
HSBC Holdings PLC said Friday it bought the US$2.5 billion mortgage loan portfolio of Champion Mortgage, a division of KeyBank NA. (Fri, 01 Dec 2006 15:34:32 GMT)

Henrik Larsson going on loan to Manchester United
Veteran striker Henrik Larsson will join Manchester United on loan during Sweden's winter offseason. (Fri, 01 Dec 2006 15:46:22 GMT)

HSBC Buys Champion Mortgage Portfolio
HSBC Holdings PLC said Friday it bought the US$2.5 billion (euro1.9 billion) mortgage loan portfolio of Champion Mortgage, a division of KeyBank NA. The portfolio is comprised of the mortgages of about 30,000 customers, HSBC said in a statement. Financial details were not disclosed. (Fri, 01 Dec 2006 16:07:40 GMT)

HSBC Buys Champion Mortgage Portfolio
HSBC Holdings PLC, a British banking powerhouse that makes consumer loans under the HFC and Beneficial brands in the United States, is buying the $2.5 billion mortgage loan portfolio of KeyCorp's Champion Mortgage division for an undisclosed price. (Fri, 01 Dec 2006 16:07:50 GMT)

Key sells Champion Mortgage
KeyCorp has sold its Champion Mortgage Co.'s loan portfolio to a unit of HSBC Finance Corp., and in another transaction will sell Champion's origination platform to a New York asset-management firm. (Fri, 01 Dec 2006 16:11:42 GMT)

KeyCorp sells Champion Mortgage to HSBC, Fortress
NEW YORK (Reuters) - KeyCorp , a large Midwest U.S. bank, on Friday said it agreed to sell its Champion Mortgage subprime lending unit to Britain's HSBC Holdings Plc and investment firm Fortress Investment Group LLC, so it can focus on consumer and business banking. (Fri, 01 Dec 2006 17:18:29 GMT)

Federal Home Loan Bank of Atlanta Announces Results of 2006 Board of Directors' Election
Federal Home Loan Bank of Atlanta today announced the results of the 2006 director election. (Fri, 01 Dec 2006 17:39:00 GMT)

$8 Million in Housing Grants Awarded by Federal Home Loan Bank in 2006
DES MOINES, Iowa, Dec. 1, 2006 -- The Federal Home Loan Bank of Des Moines awarded more than $8 million in housing grants this year, making the holidays brighter for more families throughout its five-state district. (Fri, 01 Dec 2006 17:51:40 GMT)

Federal Home Loan Bank Awards $8 Million in Housing Grants in 2006
DES MOINES, Iowa, Dec. 1, 2006 -- The Federal Home Loan Bank of Des Moines awarded more than $8 million in housing grants this year, making the holidays brighter for more families throughout its five-state district. (Fri, 01 Dec 2006 18:32:51 GMT)

KeyCorp sells Champion Mortgage to HSBC, Fortress
KeyCorp , a large Midwest U.S. bank, on Friday said it agreed to sell its Champion Mortgage subprime lending unit to Britain's HSBC Holdings Plc and investment firm Fortress Investment Group LLC, so it can focus on consumer and business banking. (Fri, 01 Dec 2006 18:59:38 GMT)

Bad Credit? FICO Score Under 650? Yes, You Can Still Refinance
(ARA) - If you have bad credit or a low FICO score, you're no doubt doing everything possible to turn things around. But if you have an adjustable rate mortgage (ARM), paying off your debts and cleaning up your credit is about to get a whole lot harder. (Fri, 01 Dec 2006 19:32:31 GMT)

Mortgage rates fall to lowest level since January
Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January. Mortgage giant Freddie (Fri, 01 Dec 2006 20:05:30 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, 01 Dec 2006 20:15:38 GMT)

HSBC Buys Champion Mortgage Portfolio
HSBC Holdings PLC, a British banking powerhouse that makes consumer loans under the HFC and Beneficial brands in the United States, is buying the $2.5 billion mortgage loan portfolio of KeyCorp's Champion Mortgage division for an undisclosed price. (Fri, 01 Dec 2006 22:24:01 GMT)

Payoff Your Mortgage Faster
Q: DEAR BOB: I was told a long time ago if you make one extra home mortgage payment each year on a 30-year fixed-rate loan it will be paid off in 15 years. If that is not true, how many years will it take off the mortgage by making one extra payment every year? -- Geri F. (Fri, 01 Dec 2006 22:28:05 GMT)

UK mortgage brokers form Concordia consortium
Five UK mortgage broker firms have collaborated to form a consortium named Concordia in the hope of gaining greater influence and bargaining power with lenders. (Sat, 02 Dec 2006 02:14:36 GMT)

Judge approves Kara Homes loan
Kara Homes, whose meteoric rise came to a stunning halt when it filed for Chapter 11 bankruptcy protection Oct. 5, got a reprieve yesterday when a U.S. Bankruptcy Court judge in Trenton approved a $2.6 million loan that will keep it afloat for another three months. (Sat, 02 Dec 2006 05:51:39 GMT)

Mortgage rates at lowest since Jan.
WASHINGTON - Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January. (Sat, 02 Dec 2006 06:02:48 GMT)

Kara gets OK from judge to take loan
A bankruptcy court judge pulled beleaguered builder Kara Homes back from the brink of extinction Friday, approving a $2.6 million loan from an investment bank meant to get the company started again. (Sat, 02 Dec 2006 09:42:46 GMT)

Ameriquest Mortgage sale rumored
Analysts say ACC Capital of Orange, formerly the top subprime lender, is looking to sell all mortgage operations. (Sat, 02 Dec 2006 11:01:45 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, 02 Dec 2006 11:09:09 GMT)

Mortgage rates drop to lowest since January
Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.14 percent, down from 6.18 percent last week. That was the lowest rate since the week of Jan. 26, when 30-year mortgage rates averaged 6.12 percent. (Sat, 02 Dec 2006 11:15:52 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. (Sat, 02 Dec 2006 12:16:04 GMT)

KeyCorp sells Champion Mortgage to HSBC, Fortress
NEW YORK, December 2 (newratings.com) – Cleveland-based banking company KeyCorp ( KEY.NYS ) Friday announced that it is selling its Champion Mortgage unit's $2.5 billion subprime loan portfolio to HSBC Holdings Plc (HSBC) and its origination platform to hedge fund Fortress Investment Group. (Sat, 02 Dec 2006 12:32:51 GMT)

Is Now the Time to Refinance?
With a barrage of conflicting reports on the housing market and mortgage rates, here are some tips you can use to weigh the pros and cons of refinancing. (Sat, 02 Dec 2006 12:49:46 GMT)

Six ways to improve (and understand) your credit score
Should I Refinance My Home To Pay Credit Card Debt? A mortgage refinance can be a good way to pay off your credit cards and lower the interest rate on your debts. But weight the pros and cons before making a decision. (Sat, 02 Dec 2006 12:50:47 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, 02 Dec 2006 12:52:24 GMT)

Parent breaks up Champion Mortgage
KeyCorp has split Parsippany-based Champion Mortgage in two, selling $2.5 billion in outstanding loans to a subsidiary of HSBC Finance Corp., and agreeing to sell the loan origination part of the business to an investment group. (Sat, 02 Dec 2006 13:01:56 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, 02 Dec 2006 13:24:26 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, 02 Dec 2006 14:27:56 GMT)

Leeds loan pair peg Tykes back
Loan duo Ugo Ehiogu and Tresor Kandol scored on their home debuts for Leeds as their Yorkshire derby clash with Barnsley ended in a 2-2 draw.First Barnet striker Kandol and then Middlesbrough defender Ehiogu cancelled out two brilliant individual efforts from impressive Barnsley forward Daniel Nardiello. (Sat, 02 Dec 2006 14:45:23 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. (Sat, 02 Dec 2006 19:12:07 GMT)

The Home Front
Prospective San Antonio home buyers might qualify for down payment assistance and a low-interest-rate loan through the Texas Department of Housing and Community Affairs First Time Homebuyer Program. (Sat, 02 Dec 2006 20:12:55 GMT)

Fergie bemoans Rossi loan deal
Sir Alex Ferguson has branded Giuseppe Rossi's loan spell at Newcastle a wasted exercise.Rossi was allowed to join the Magpies to further his footballing education with Ferguson believing he would be a regular member of Glenn Roeder's squad. (Sat, 02 Dec 2006 22:30:12 GMT)

Fergie bemoans Rossi loan deal
Sir Alex Ferguson has branded Giuseppe Rossi's loan spell at Newcastle a wasted exercise. (Sat, 02 Dec 2006 22:42:04 GMT)

Now baby boomers climb back on the mortgage merry-go-round
More than one in 10 mortgages are now taken out by people over 50, according to the Council of Mortgage Lenders - and the proportion could rise as that age group becomes more adventurous. (Sun, 03 Dec 2006 00:43:41 GMT)

Anger as Nationwide scraps mortgage offer
NATIONWIDE Building Society has been blasted by consumer groups and competitors after scrapping its promise to offer new and existing customers the same mortgage deals. (Sun, 03 Dec 2006 01:47:23 GMT)

Is it Time to Refinance Your Car?
(ARA) - Do you end every month with barely enough cash to pay the bills, and sometimes have to tap into your savings to get by? If so, it's time to re-evaluate your spending habits. (Sun, 03 Dec 2006 02:42:48 GMT)

Holiday Bills Piling Up? Refinancing Your Car Puts Extra Cash in Your Pocket
(ARA) - The holidays are a wonderful time of year. Co-workers are in a good mood, the family is happy, even cashiers in the stores are more friendly than usual. Unfortunately, the warm, fuzzy feelings seem to last only until the credit card bills from the holiday shopping sprees start to trickle in. (Sun, 03 Dec 2006 02:42:58 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, 03 Dec 2006 03:53:43 GMT)

New house owner faces harassment by loan sharks
KUALA LUMPUR : A couple, who have been dreaming about having their own home, finally had their wish come true after saving for more than 10 years – only to find that it was the beginning of a nightmare. (Sun, 03 Dec 2006 05:41:01 GMT)

Natchez church free of mortgage
NATCHEZ — Songs, prayers and words of gratitude resounded through the sanctuary of Christian Hope Baptist Church Sunday afternoon at their mortgage burning ceremony. (Sun, 03 Dec 2006 06:22:23 GMT)

S.A. is redoing bonds to save big
Like a homeowner looking to save a few dollars by refinancing a mortgage, the city this year has gotten aggressive by refinancing almost $200 million worth of bonds. (Sun, 03 Dec 2006 06:24:44 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. (Sun, 03 Dec 2006 06:36:19 GMT)

Couple needs to trim mortgage debt and diversify holdings
Eddie and Meg are working hard to properly manage their money. With sizable salaries, a good start on savings, an investment property and an 18-month-old child, the Middlesex County couple wants to make sure they're doing the best with their resources. (Sun, 03 Dec 2006 07:37:16 GMT)

UC's loan program is booming
While a University of California loan program has helped more than 2,500 new college professors achieve home ownership, nearly 50 longtime employees have used the university to refinance their homes during a booming housing market. (Sun, 03 Dec 2006 08:14:34 GMT)

The party's over at Kirkland mortgage company
Former Huskies football player Scott Greenlaw led the mortgage company he founded to dizzying heights. Now he's selling his house to avoid bankruptcy as creditors line up with lawsuits. (Sun, 03 Dec 2006 08:30:35 GMT)

Getting a Mortgage with Bad Credit
(ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. (Sun, 03 Dec 2006 09:15:16 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, 03 Dec 2006 10:28:33 GMT)

30-year mortgage rates slip to lowest level since January
WASHINGTON – Mortgage rates around the country fell last week, with rates on 30-year mortgages dipping to the lowest mark since January. (Sun, 03 Dec 2006 10:54:39 GMT)

Local mortgage rates fall for 2nd week
Mortgage rates in Orange County fell for the second-straight week as investors in bonds bet the Federal Reserve will cut a key short-term interest rate next year. (Sun, 03 Dec 2006 11:02:56 GMT)

Credit Scores Affect More Than Your Mortgage
Employers, Insurers, Utilities Among Those Who Want To Know How Reliable You Are Most people know that a credit score is important when it comes to getting a mortgage. But did you know that it also could affect your ability to get a job? Or rent an apartment? Or secure a good rate on car insurance? (Sun, 03 Dec 2006 11:10:52 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. (Sun, 03 Dec 2006 11:11:36 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, 03 Dec 2006 11:24:43 GMT)

Is it Time to Refinance Your Car?
(ARA) - Do you end every month with barely enough cash to pay the bills, and sometimes have to tap into your savings to get by? If so, it's time to re-evaluate your spending habits. (Sun, 03 Dec 2006 13:01:41 GMT)

Is it Time to Refinance Your Car?
(ARA) - Do you end every month with barely enough cash to pay the bills, and sometimes have to tap into your savings to get by? If so, it's time to re-evaluate your spending habits. (Sun, 03 Dec 2006 13:24:17 GMT)

Revaluing your home may give you a lower interest rate
As interest rates continue to rise, you, as a homeowner, may be wondering how you can get the best value out of your home loan without breaking your bank balance. (Sun, 03 Dec 2006 13:42:47 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. (Sun, 03 Dec 2006 15:06:17 GMT)

Mortgage rates
Mortgage rates around the country fell last week, with rates on 30-year mortgages dipping to the lowest level since January. Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.14 percent, down from 6.18 percent the week before. (Sun, 03 Dec 2006 15:51:55 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. (Sun, 03 Dec 2006 21:15:14 GMT)

Geneva to launch home loans
Geneva Finance says that is close to launching its own set of home loan products into the market place. (Sun, 03 Dec 2006 21:40:08 GMT)

Sovereign continues to lead non-bank home loans
Sovereign announced today that it has reached the milestone of $6 billion in home loan lending, strengthening its position as the country's leading non-bank home loan lender and making Sovereign the fifth largest home loan lender in New Zealand. (Sun, 03 Dec 2006 21:46:20 GMT)

Computer program finds the mortgage with lowest costs
WASHINGTON -- Reed Hauge was more than a little shocked when the hard costs on the quoted loan were $5,200 less than those his mortgage-broker buddy had offered. He was rather peeved, too. (Sun, 03 Dec 2006 22:09:04 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. (Mon, 04 Dec 2006 06:02:16 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, 04 Dec 2006 06:02:26 GMT)

Third-quarter earnings suffer at mortgage-heavy banks
The third quarter was a rough one for Milwaukee-area banks with heavy mortgage portfolios. (Mon, 04 Dec 2006 07:05:10 GMT)

Frank seeks to broaden mortgage program
WASHINGTON -- Democrats plan to use their new majority status in Congress to expand the mortgage market for tens of thousands of home buyers in Massachusetts and other states where high housing prices are limiting use of federally regulated mortgage programs, according to Capitol Hill lawmakers. (Mon, 04 Dec 2006 08:45:59 GMT)

Improving your score: A good rating pays off when buying a home
Marian Griffin knew about credit scoring before she visited a loan officer to apply for a mortgage to buy a townhouse. (Mon, 04 Dec 2006 09:16:00 GMT)

Brokers upbeat about mortgage market
Broker confidence in the mortgage industry is the highest it has been in over ten years, according to a poll by the Mortgage Trust. (Mon, 04 Dec 2006 10:13:43 GMT)

eMortgEdge, Developer of Industry's Premier Web-Based Mortgage Loan Origination System Selects PRIME L.A. to Promote
PRIME L.A. announced it has been retained by eMortgEdge, Inc., developer of 1003Power V1, to provide public relations and marketing communication services for the mortgage industry's most revolutionary web-based application that covers all aspects of the loan processing and origination activities utilized by mortgage brokers, lenders, and applicants to apply for and secure mortgages. (Mon, 04 Dec 2006 10:32:00 GMT)

First-time buyers to get extra mortgage-interest relief
Minister for Finance Brian Cowen is reportedly set to resist pressure to introduce reforms to the stamp-duty regime in Wednesday's Budget. Reports this morning say the minister will instead double the level of mortgage-interest relief for first-time buyers. (Mon, 04 Dec 2006 11:07:42 GMT)

Foreclosures: A Real Boom for Investors
(ARA) - The climate is ripe for an increase in the number of American homes going into foreclosure. Interest rates are on the rise, mortgage payments are continuing to increase and home values are staying stagnant in some places and falling in others. (Mon, 04 Dec 2006 11:11:36 GMT)

Is it Time to Refinance Your Car?
(ARA) - Do you end every month with barely enough cash to pay the bills, and sometimes have to tap into your savings to get by? If so, it's time to re-evaluate your spending habits. (Mon, 04 Dec 2006 11:22:51 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, 04 Dec 2006 11:56:28 GMT)

eMortgEdge, Developer of Industry's Premier Web-Based Mortgage Loan Origination System Selects PRIME L.A. to Promote
LOS ANGELES , Dec. 4 /PRNewswire/ -- PRIME L.A. announced it has been retained by eMortgEdge, Inc., developer of 1003Power V1, to provide public relations and marketing communication services for the mortgage industry's most revolutionary web-based application that covers all aspects of the loan processing and origination activities utilized by mortgage brokers, lenders, and applicants to apply (Mon, 04 Dec 2006 11:56:58 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. (Mon, 04 Dec 2006 11:57:39 GMT)

Mortgage Industry Insider -- Mortgage Employment Insight from MortgageDaily.com
The launch of a new net branch operation may result in new mortgage jobs, a senior executive told MortgageDaily.com, the dominant source of online news for the mortgage industry. (Mon, 04 Dec 2006 12:00:00 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. (Mon, 04 Dec 2006 12:53:34 GMT)

What Every Home Buyer Should Ask Themselves
(ARA) - Buying your first home can be a stressful experience, and considering it will most likely be the largest single purchase of your life, it's smart to be educated about the process. (Mon, 04 Dec 2006 12:57:38 GMT)

eMortgEdge, Developer of Industry's Premier Web-Based Mortgage Loan Origination System Selects PRIME L.A. to Promote
PRIME L.A. announced it has been retained by eMortgEdge, Inc., developer of 1003Power V1, to provide public relations and marketing communication services for the mortgage industry's most revolutionary web-based application that covers all aspects of the loan processing and origination activities utilized by mortgage brokers, lenders, and applicants to apply for and secure mortgages. (Mon, 04 Dec 2006 14:49:51 GMT)

National mortgage company relocating to Boca Raton
Boca Raton is getting a new mortgage banking company. And it’s cause for notice by the Palm Beach County Business Development Board. In fact, the BDB, at a meeting last week, said it was the largest project it has worked on in some time. (Mon, 04 Dec 2006 15:00:30 GMT)

State Employees’ Credit Union Continues Its ''Green'' Trend with New Car Loan Program
RALEIGH, N.C.--State Employees ’ Credit Union (SECU) Board of Directors has approved a “ Green ” Car Loan program. The program is designed for members purchasing new Hybrid and Alternative Fuel vehicles that are more environmentally friendly and less dependent on petroleum based fuel. (Mon, 04 Dec 2006 16:20:59 GMT)

USDA cuts rates on mortgage loans
The USDA Rural Development has announced a decrease in the home mortgage interest rate for some of its loans. (Mon, 04 Dec 2006 17:24:50 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, 04 Dec 2006 17:43:07 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, 04 Dec 2006 18:11:26 GMT)

What Every Home Buyer Should Ask Themselves
(ARA) - Buying your first home can be a stressful experience, and considering it will most likely be the largest single purchase of your life, it's smart to be educated about the process. (Mon, 04 Dec 2006 18:11:35 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, 04 Dec 2006 18:17:52 GMT)

Getting a Mortgage with Bad Credit
(ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. (Mon, 04 Dec 2006 18:25:06 GMT)

Senior Vice President, Chief Financial Officer At Federal Home Loan Bank of Indianapolis Announces Retirement
INDIANAPOLIS, Dec. 4, 2006 -- Milton J. Miller II, Senior Vice President, Chief Financial Officer of the Federal Home Loan Bank of Indianapolis , has announced his retirement effective December 29, 2006. (Mon, 04 Dec 2006 18:37:47 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. (Mon, 04 Dec 2006 19:32:53 GMT)

Is homeowner entitled to emotional distress damages from mortgage lender?
George and Barbara Dawson purchased their home "subject to" a first mortgage with Great Western Bank, a predecessor of Washington Mutual Bank (WaMu), one of the nation's largest home loan lenders. The loan fell into default for nonpayment. (Mon, 04 Dec 2006 20:42:31 GMT)

Mortgage broker reveals lender secrets
There are two primary reader audiences for "Real Estate Debt Can Make You Rich" by mortgage broker Steve Dexter. The first group of readers will be savvy home buyers and real estate agents who want to learn the inner-secret workings of the home mortgage industry. (Mon, 04 Dec 2006 20:58:10 GMT)

Savings and Loan Bailout Bill designed to solve appraisal-related problems
It took the '80s savings and loan crisis, brought on in part by faulty or fraudulent real estate appraisals, to move Congress to enact the Financial Institutions Reform, Recovery and Enforcement Act of 1989, better known as the Savings and Loan Bailout Bill. (Mon, 04 Dec 2006 20:59:14 GMT)

EMC Mortgage chief to retire
EMC Mortgage Corp. Chairman and CEO Ralene Ruyle is retiring from the company in May. (Mon, 04 Dec 2006 21:07:03 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. (Mon, 04 Dec 2006 21:11:31 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, 04 Dec 2006 21:14:35 GMT)

Are You in the Right Mortgage?
(ARA) - Most people who buy a home put their mortgage in a drawer -- they close on the loan and make their payments every month and don't think about it beyond that. But what they may not realize is that being in the wrong mortgage for your current situation can hurt you by costing you money. (Mon, 04 Dec 2006 21:45:15 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, 04 Dec 2006 21:45:25 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, 04 Dec 2006 23:09:25 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, 04 Dec 2006 23:55:00 GMT)

Is it Time to Refinance Your Car?
(ARA) - Do you end every month with barely enough cash to pay the bills, and sometimes have to tap into your savings to get by? If so, it's time to re-evaluate your spending habits. (Mon, 04 Dec 2006 23:55:10 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, 04 Dec 2006 23:55:20 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. (Mon, 04 Dec 2006 23:56:21 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, 05 Dec 2006 01:38:05 GMT)

HSBC acquires US mortgage loan portfolio
Global banking group HSBC Holdings has acquired the US-based mortgage loan portfolio of Champion Mortgage, a division of KeyCorp, through its wholly-owned subsidiary HSBC Finance Corporation, for an undisclosed price. (Tue, 05 Dec 2006 01:59:54 GMT)

Getting a Mortgage with Bad Credit
(ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. (Tue, 05 Dec 2006 04:09:15 GMT)

What to Know About a Reverse Mortgage
Reverse mortgages can be good tools to help retiring Americans' financial stability. But, as with any financial service, potential borrowers need to be careful with whom they do business and beware of scammers looking to take advantage of unsuspecting victims. (Tue, 05 Dec 2006 04:44:02 GMT)

Refinancing could save city $1M
FREEPORT - The City Council on Monday preliminarily approved the refinancing of more than $11 million in municipal bond debt during its Committee of the Whole meeting. (Tue, 05 Dec 2006 05:00:52 GMT)

Natchez church free of mortgage
NATCHEZ — Songs, prayers and words of gratitude resounded through the sanctuary of Christian Hope Baptist Church Sunday afternoon at their mortgage burning ceremony. (Tue, 05 Dec 2006 05:55:23 GMT)

Wells Fargo to Launch Mortgage Program
Wells Fargo & Co. to Counsel Mortgage Borrowers With Poor Credit (Tue, 05 Dec 2006 05:57:09 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, 05 Dec 2006 07:06:37 GMT)

Are You in the Right Mortgage?
(ARA) - Most people who buy a home put their mortgage in a drawer -- they close on the loan and make their payments every month and don't think about it beyond that. But what they may not realize is that being in the wrong mortgage for your current situation can hurt you by costing you money. (Tue, 05 Dec 2006 07:07:38 GMT)

Guilt is admitted in mortgage fraud
A Newport Beach man pleaded guilty Monday to fraudulently obtaining mortgage loans resulting in more than $2.7 million in losses to the federal government and commercial lenders. (Tue, 05 Dec 2006 08:05:44 GMT)

Adjustable Rate (ARM) Mortgage Holders Should Refinance to Fixed Rates, Recommends the Katz Mortgage Team
Katz Mortgage Team, www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, has announced that Fixed Mortgage Rates are now at their lowest point in over a year. They are officially changing their recommendation from "HOLD" to "REFI" for many of their clients who took advantage of the extremely low adjustable rate mortgages of 2002 and 2003. (PRWeb Dec 5, 2006) Post Comment:Trackback URL: (Tue, 05 Dec 2006 08:09:34 GMT)

Wells Fargo to Launch Mortgage Program
SAN FRANCISCO -- Wells Fargo & Co. is launching a new program to help mortgage borrowers with poor credit records improve their plight _ and help the bank shake off years of accusations depicting it as a predatory lender. (Tue, 05 Dec 2006 09:03:55 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. (Tue, 05 Dec 2006 10:30:24 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Tue, 05 Dec 2006 10:30:44 GMT)

Theft, threats among accusations against nursing home
A Homewood nursing home lost its right to collect federal and state public aid, which pays for the care of most of its residents. Mercy administrator Sam Biber declined to explain what problems led to the suspension. (Tue, 05 Dec 2006 10:33:51 GMT)

Home equity loan to wipe out bankruptcy?
You'll be surprised at how many lenders want your post-bankruptcy business, but you'll be shocked at the terms, says the Bankruptcy Adviser. (Tue, 05 Dec 2006 11:00:00 GMT)

Mortgage of the Week
Alliance & Leicester is offering a fixed rate deal until the 31 December 2008, at a rate of 4.84%, reverting to the standard variable rate for the remaining term of the mortgage, currently 7.09%. The overall cost for comparison is 7.1% APR. An Early Repayment Charge is payable if you repay all or part of the mortgage during the fixed rate period. (Tue, 05 Dec 2006 11:21:57 GMT)

The Home Buying Process: Step by Step
(ARA) - Buying a home can be a very intimidating process, especially if you've never done it before. So the first thing you should do before you start is to figure out whether owning a home is right for you. (Tue, 05 Dec 2006 11:23:52 GMT)

Getting a Mortgage with Bad Credit
(ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. (Tue, 05 Dec 2006 11:24:02 GMT)

Wells Fargo to counsel mortgage borrowers with poor credit
SAN FRANCISCO - Wells Fargo & Co. is launching a new program to help mortgage borrowers with poor credit records improve their plight - and help the bank shake off years of accusations depicting it as... (Tue, 05 Dec 2006 11:45:45 GMT)

Adjustable Rate (ARM) Mortgage Holders are Refinancing to Fixed Rates
Atlanta, GA (PRWeb) December 5, 2006 -- Katz Mortgage Team, www. (Tue, 05 Dec 2006 12:00:00 GMT)

Wells Fargo Launches Mortgage Industry's First Comprehensive Program to Help Nonprime Customers Achieve Financial Goals
DES MOINES, Iowa, Dec. 5 /PRNewswire-FirstCall/ -- Wells Fargo&Co. today announced the launch of the industry's first comprehensive program to help mortgage customers manage their credit standing and achieve their financial goals. (Tue, 05 Dec 2006 12:14:23 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, 05 Dec 2006 12:20:05 GMT)

Home equity loan to wipe out bankruptcy?
Dear Bankruptcy Adviser, Can a person with a Chapter 13 bankruptcy get a home equity loan to get rid of the bankruptcy? Do you know of any banks willing to take the risks? Thank you in advance for your help. (Tue, 05 Dec 2006 12:44:15 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, 05 Dec 2006 12:53:13 GMT)

What Every Home Buyer Should Ask Themselves
(ARA) - Buying your first home can be a stressful experience, and considering it will most likely be the largest single purchase of your life, it's smart to be educated about the process. (Tue, 05 Dec 2006 12:53:34 GMT)

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