Mortgage News Dec 2006

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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 13:39:55 GMT)

Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Tue, 05 Dec 2006 14:28:47 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. (Tue, 05 Dec 2006 16:10:35 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? (Tue, 05 Dec 2006 16:11:55 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. (Tue, 05 Dec 2006 16:13:49 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 17:13:26 GMT)

Kara Homes Can Tap $2.6M DIP Loan
Kara Homes Inc. has won court approval to borrow the remaining funds it needs to stay afloat while it tries to figure out how to complete its home-building projects and emerge from bankruptcy. (Tue, 05 Dec 2006 18:35:16 GMT)

Kara Homes wins final OK to tap remaining $2.6M loan
WASHINGTON - New Jersey-based Kara Homes Inc. has won court approval to borrow the remaining funds it needs to stay afloat while it tries to figure out how to complete its home-building projects and emerge from bankruptcy. (Tue, 05 Dec 2006 19:05:12 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. (Tue, 05 Dec 2006 19:48:29 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 19:48:49 GMT)

Wells Fargo says program attracting higher risk home buyers
A new program designed to improve the financial well-being of home buyers who don’t qualify for the best rates has been attracting about 1,000... (Tue, 05 Dec 2006 20:09:33 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 20:15:45 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 20:15:55 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 20:25:42 GMT)

Fitch Rates LB-UBS Commercial Mortgage Trust 2006-C7
CHICAGO----Fitch rates LB-UBS Commercial Mortgage Trust 2006-C7, commercial mortgage pass-through certificates as follows: $40,000,000 class A-1 'AAA'; $624,000,000 class A-2 'AAA'; $54,000,000 class A-AB 'AAA'; $968,137,000 class A-3 'AAA'; $427,623,000 class A-1A 'AAA'; $301,966,000 class A-M 'AAA'; $294,417,000 class A-J 'AAA'; $22,647,000 class B 'AA+'; $30,197,000 class C 'AA'; $30,197,000 (Tue, 05 Dec 2006 20:31:00 GMT)

Bancolombia Announces Mortgage Securitization
Bancolombia S.A. announces that as of today it has sold mortgage loans to Titularizadora Colombiana S.A. amounting to approximately Ps 325,000 million. These mortgage loans will be secured by Titularizadora through the issuance of mortgage-backed securities called TIPS E-2. (Tue, 05 Dec 2006 21:36:00 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. (Tue, 05 Dec 2006 21:54:56 GMT)

American Home Mortgage Investment Corp. to Present at the Lehman Brothers Mortgage and Specialty Finance Conference on
American Home Mortgage Investment Corp. , a mortgage real estate investment trust , announced today that management is scheduled to present on Monday, December 11, 2006 at 11:30 a.m. (Tue, 05 Dec 2006 22:46:00 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 23:10:21 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. (Tue, 05 Dec 2006 23:45:25 GMT)

ECC Capital Reports Progress on Sale of Mortgage Banking Operations, Expected Fourth Quarter Loss and Timing of
ECC Capital Corporation , a mortgage finance real estate investment trust that originates and invests in residential mortgage loans, today reported that it expects the sale of its mortgage banking business to Bear Stearns Residential Mortgage Corporation , an affiliate of Bear Stearns & Co. , to close during the first quarter of 2007. (Wed, 06 Dec 2006 00:45:00 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? (Wed, 06 Dec 2006 01:44:16 GMT)

Sponsored results for Home:
Home for Sale Home Sites Are All the Same. But Ours is Easy to Use. Really. www.ehousehunting.com (Wed, 06 Dec 2006 02:50:10 GMT)

Mortgage bank abruptly closes
A Texas mortgage bank that employed 50 people in the Denver area abruptly closed its doors Friday, signaling more trouble in the subprime lending industry. (Wed, 06 Dec 2006 05:01:45 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. (Wed, 06 Dec 2006 05:05:27 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, 06 Dec 2006 05:06:28 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. (Wed, 06 Dec 2006 05:30:52 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. (Wed, 06 Dec 2006 06:53:48 GMT)

Mortgage check better spent on retirement?
Here's a budget tip for some homeowners at a time when many families are looking for extra dollars: Stop making extra payments on that home mortgage. And new home buyers should choose 30-year mortgages over shorter terms, according to a new study. (Wed, 06 Dec 2006 06:59:58 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, 06 Dec 2006 07:08:16 GMT)

NEW YORK: Mortgage lender to compensate minorities
Countrywide Financial Corp., the biggest U.S. mortgage lender, will compensate minority borrowers in New York who were charged more for loans than whites with similar financial profiles, state Attorney General Eliot Spitzer said. (Wed, 06 Dec 2006 08:17:56 GMT)

Refinancing won't stop debt troubles
D ear 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 card debt 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. Would it be in our best interest to refinance the whole amount into a mortgage? (Wed, 06 Dec 2006 10:03:58 GMT)

Newport Coast man pleads guilty to mortgage fraud
A Newport Coast man pleaded guilty Monday to fraudulently obtaining mortgage loans that went into default and caused more than $2.7 million in losses to the federal government and commercial lenders, prosecutors said. (Wed, 06 Dec 2006 11:03:56 GMT)

U.S. mortgage applications surge in latest week: MBA
U.S. mortgage applications rose sharply last week, fueled by a surge in home refinancing loans as interest rates sunk to their lowest levels in more than a year, an industry trade group said on Wednesday. (Wed, 06 Dec 2006 12:02:26 GMT)

U.S. home loan demand rises as refinancing surges
U.S. mortgage applications rose sharply last week, fueled by a surge in home refinancing loans as interest rates sunk to their lowest levels in more than a year, an industry trade group said on Wednesday. (Wed, 06 Dec 2006 12:03:15 GMT)

U.S. home loan demand rises as refinancing surges
NEW YORK (Reuters) - U.S. mortgage applications rose sharply last week, fueled by a surge in home refinancing loans as interest rates sunk to their lowest levels in more than a year, an industry trade group said on Wednesday. (Wed, 06 Dec 2006 12:23:01 GMT)

Timing a home equity loan closing
Dear Dr. Don, I was approved for a $75,000 fixed home equity loan at 6.94 percent for a 15-year term, with no closing costs or any upfront fees. I can afford the monthly payment. (Wed, 06 Dec 2006 12:29:05 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. (Wed, 06 Dec 2006 12:30:49 GMT)

Mortgage applications up 1.9% year-on-year as rates fall
WASHINGTON (MarketWatch) - With mortgage rates falling to the lowest level in more than a year, the number of applications for mortgages at major U.S. banks rose 8.1% on a seasonally adjusted basis last week compared to the prior week, the Mortgage Bankers Association reported Wednesday. (Wed, 06 Dec 2006 12:31:15 GMT)

US home loan demand rises as refinancing surges
NEW YORK - US mortgage applications rose sharply last week, fuelled by a surge in home refinancing loans as interest rates sunk to their lowest levels in more than a year, an industry trade group said on Wednesday. (Wed, 06 Dec 2006 12:37:06 GMT)

Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Wed, 06 Dec 2006 13:07:22 GMT)

Mortgage Application Volume Rises, Boosted By Jump In Refinancing Activity
(RTTNews) - The number of mortgage applications rose sharply in the most recent week, led by a sharp advance in refinancing activity. The Mortgage Bankers Association revealed Wednesday that its market index of mortgage loan application volume rose 8.1% in the most recent week. (Wed, 06 Dec 2006 13:08:06 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. (Wed, 06 Dec 2006 13:08:23 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. (Wed, 06 Dec 2006 13:08:33 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. (Wed, 06 Dec 2006 13:09:33 GMT)

Mortgage applications rise as rates tumble
Mortgage applications rose as interest rates fell to their lowest level in 14 months, an industry trade group reported Wednesday. (Wed, 06 Dec 2006 13:16:06 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. (Wed, 06 Dec 2006 13:30:17 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, 06 Dec 2006 15:15:33 GMT)

Home loan demand rises as refinancing surges
U.S. mortgage applications rose sharply last week, fueled by a surge in demand for home refinancing loans, as interest rates sank to their lowest in more than a year, an industry trade group said on Wednesday. (Wed, 06 Dec 2006 16:17:46 GMT)

Mortgage demand rises as rates fall, refinancing surges
Mortgage applications rose sharply last week, as the lowest interest rates in more than a year prompted a surge in demand for refinancing, an industry trade group said Wednesday. (Wed, 06 Dec 2006 16:23:24 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. (Wed, 06 Dec 2006 16:24:04 GMT)

Mortgage Applications Up Sharply As Refinancing Surges
Low interest rates pushing potential homeowners back into the buyers market. (Wed, 06 Dec 2006 17:13:23 GMT)

U.S. Homebuilders' Shares Gain on Mortgage Rate Expectations
Dec. 6 (Bloomberg) -- U.S. homebuilder shares rose, led by Standard Pacific Corp. and Ryland Group Inc., the largest seller of new homes for first-time buyers, as a 10-month low in mortgage rates sparked hopes of a housing rebound. (Wed, 06 Dec 2006 17:43:49 GMT)

Australia's Home-Loan Approvals Probably Unchanged in October
Dec. 7 (Bloomberg) -- Australian home-loan approvals were probably unchanged in October after two months of decline as higher borrowing costs deterred buyers. (Wed, 06 Dec 2006 18:25:45 GMT)

• US Mortgage Application Index Rose Up, Interest Rates Down to the Lowest Level
New York- Applications for mortgage in the US increased last week, as the demand for home refinancing loans instigated the situation. The interest rates went down to the lowest level in more than one year. (Wed, 06 Dec 2006 18:49:13 GMT)

Mayor seeking $600,000 loan for area airport expansion
Fayette County Mayor Rhea “Skip” Taylor has proposed that the county commission apply for a $600,000 loan to expand the airport and construct T hangars. (Wed, 06 Dec 2006 18:52:06 GMT)

Genworth Financial Granted Mexico's First Mortgage Insurance License
RICHMOND, Va., Dec. 6 /PRNewswire-FirstCall/ -- Genworth Financial, ( Nachrichten ) Inc. has received the first authorization to incorporate a mortgage insurance company in Mexico. (Wed, 06 Dec 2006 19:57:16 GMT)

Home-loan demand rises as refinancing surges
U.S. mortgage applications rose sharply last week, fueled by a surge in home refinancing loans as interest rates sunk to their lowest levels in more than a year, an industry trade group said Wednesday. (Wed, 06 Dec 2006 20:45:47 GMT)

Fitch Rates $1.269B Fremont Home Loan Trust 2006-E
NEW YORK----Fremont Home Loan Trust issues mortgage-backed certificates, series 2006-E, are rated by Fitch Ratings as follows: (Wed, 06 Dec 2006 22:23:00 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." (Wed, 06 Dec 2006 22:31:19 GMT)

Time to Refinance?
CEDAR RAPIDS - If your monthly mortgage payments have jumped, you might save money refinancing. Climbing costs are forcing many homeowners to pick new payment plans. Figuring out finances often takes the fun out of buying a home. (Thu, 07 Dec 2006 00:52:12 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. (Thu, 07 Dec 2006 05:57:28 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. (Thu, 07 Dec 2006 06:25:54 GMT)

Mortgage distress targeted
Sarah Spies of Cedar Hills knows the stress caused by not meeting mortgage obligations. Earlier this year her husband, who frames homes, was hospitalized for a staph infection. He then broke his leg and could not work for several months. (Thu, 07 Dec 2006 07:08:56 GMT)

S.D. Housing lowers mortgage rates
The South Dakota Housing Development Authority has lowered its 30-year mortgage interest rates, the agency announced Wednesday. The interest rate for starting step rate loans was lowered to 4.125 percent from 4.5 percent; fixed rate was reduced to 5.125 percent from 5.5 percent; and fixed rate plus option loan was lowered to 5.5 percent from 5.875 percent. "At these lower rates, monthly payments (Thu, 07 Dec 2006 07:59:04 GMT)

Mortgage giant files restated earnings
Fannie Mae has made a massive reworking of its accounting and is disclosing a multibillion-dollar restatement of its earnings in the scandal that stunned financial markets and brought the ouster of top executives and a record fine against the government-sponsored mortgage giant. (Thu, 07 Dec 2006 08:04:19 GMT)

Katz Mortgage Team Announces: Adjustable Rate Mortgage (ARM) Holders Look to Refinance to Lower 30-Year Fixed Rates As
Katz Mortgage Team, of Amtrust Mortgage Corporation, has announced that as Short-term Interest rates are on the rise, many adjustable rate mortgage (ARMS) holders are switching to more stable, fixed rates. Just this past week, the US Treasury 10 year Note dropped to 4.4% for the first time in a year. This translates to thirty-year fixed rate mortgages dropping from the high 6% range in July of (Thu, 07 Dec 2006 08:13:17 GMT)

With the Sharp Increase of Mortgage Applications, csimortgage.com Advises Buyers to Study the Different Loans Available
Advise on mortgage loans available to first-time buyers and people looking to refinance their current mortgage. (PRWeb Dec 7, 2006) Post Comment:Trackback URL: http://www.prweb.com/chachingpr.php/UHJvZi1FbXB0LUNvdXAtTWFnbi1NYWduLVplcm8= (Thu, 07 Dec 2006 08:43:35 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. (Thu, 07 Dec 2006 09:15:44 GMT)

Loan program for home buyers in area expanded
Would-be home buyers in this area who fear they have been priced out of the market, take heart: A program designed to help moderate-income buyers has been expanded to cover more communities statewide, including a dozen new ones in this region. (Thu, 07 Dec 2006 09:52:49 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? (Thu, 07 Dec 2006 11:11:37 GMT)

Katz Mortgage Team Announces: Adjustable Rate Mortgage (ARM) Holders Look to Refinance to Lower 30-Year Fixed Rates As
Atlanta, GA (PRWeb) December 7, 2006 -- Katz Mortgage Team, www. (Thu, 07 Dec 2006 12:00:00 GMT)

With the Sharp Increase of Mortgage Applications, csimortgage.com Advises Buyers to Study the Different Loans Available
(PRWeb) December 7, 2006 -- Csimortgage.com Managing Director Billy Crighton advises first time buyers and people looking to refinance their current mortgage into studying the market and really push for the best deal. (Thu, 07 Dec 2006 12:00:00 GMT)

Lawmaker seeks to shut door on mortgage fraud
Oakland County residents are falling victim to the fastest growing white collar crimes in the nation -- mortgage fraud. (Thu, 07 Dec 2006 12:04:41 GMT)

Bankrate: Mortgage Rates Fall to 14-Month Low
Mortgage rates remain in freefall with the average 30-year fixed rate mortgage falling to 6.08 percent, the lowest since Oct. 2005. According to Bankrate.com's weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.25 discount and origination points. (Thu, 07 Dec 2006 12:30:00 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." (Thu, 07 Dec 2006 12:30:49 GMT)

B&B hails record level of new mortgage business
BRADFORD & Bingley, the speciality mortgage lender, said today that its pipeline of new business was at "record levels", adding that it expected underlying profits this year to be in line with City forecasts. (Thu, 07 Dec 2006 12:37:57 GMT)

£15,000 Cashback From Your Mortgage Lender!
Financial companies are breaking the law left, right and centre. This time it's mortgage lenders. Here's an overview of four ways they rip you off and some pointers on getting your money back. (Thu, 07 Dec 2006 13:33:36 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? (Thu, 07 Dec 2006 14:39:54 GMT)

Brokers help borrowers untangle their mortgage options
Mortgage brokers in California have developed a new worksheet checklist to help borrowers better understand the complicated world of home loans, including the pitfalls of interest-only and other exotic loans that can lead to financial troubles down the road. (Thu, 07 Dec 2006 15:43:01 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. (Thu, 07 Dec 2006 17:02:51 GMT)

Mortgage rates fall on housing slowdown
Mortgage rates fell in the past week to nearly the lowest level of the year as a slowing housing market helped keep rates down, according to a survey released Thursday. (Thu, 07 Dec 2006 17:12:00 GMT)

Rate drop brings 30-year mortgage near low for year
CHICAGO (MarketWatch) -- Mortgage rates dropped again this week, with the 30-year fixed-rate mortgage falling close to its lowest level this year, according to Freddie Mac's weekly survey released on Thursday. (Thu, 07 Dec 2006 17:16:35 GMT)

Amend: Fitch Rates Fremont Home Loan Trust 2006-E
NEW YORK----This is a correction for a previous message issued on Dec. 6, 2006. It amends several of the amounts in the ratings list. (Thu, 07 Dec 2006 17:28:00 GMT)

Mortgage rates near 2006 low
Mortgage rates fell for the sixth week in a row, to nearly the lowest level of the year, as a slowing housing market helped keep rates down, a survey said Thursday. (Thu, 07 Dec 2006 18:00:40 GMT)

U.S. Mortgage Rates Keep Sliding
U.S. mortgage rates remain in freefall with the average 30-year fixed rate mortgage tumbling to 6.08 percent, the lowest since October 2005. (Thu, 07 Dec 2006 18:24:05 GMT)

30-year mortgage rates drop
Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second lowest level of the year, pushed down by further signs of economic weakness. (Thu, 07 Dec 2006 19:18:06 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." (Thu, 07 Dec 2006 19:26:07 GMT)

30-year mortgage rates at 6.11%, near year low
Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.11%, down from 6.14% last week. The only time rates have been lower this year was the week of Jan. 19 when the 30-year mortgage dipped to 6.10%. (Thu, 07 Dec 2006 19:32:17 GMT)

Get set for mortgage rate rises
The pressure is on for fixed term mortgage rates to rise again soon and, if the Reserve Bank lifts official interest rates early next year, economists say the Kiwi dollar could fly back toward US72 cents. (Thu, 07 Dec 2006 20:11:24 GMT)

Mortgage company lays off employees after having planned to add to staff
Guardian Loan Co. Inc., a family owned Clifton Park mortgage company, has laid off 40 employees, according to an employee reached by The Business Review. (Thu, 07 Dec 2006 20:14:53 GMT)

Giants, Jets Receive $300 Million in NFL Stadium Loan (Update3)
Dec. 7 (Bloomberg) -- The New York Giants and Jets received approval for $300 million in National Football League stadium loans, a major step toward building a shared $1.2 billion home field in the New Jersey Meadowlands. (Thu, 07 Dec 2006 20:58:49 GMT)

Katz Mortgage Team on the Lookout for Increasing Short-Term Interest Rates
Adjustable Rate Mortgage (ARM) Holders Look to Refinance to Lower 30-Year Fixed Rates (Thu, 07 Dec 2006 22:16:09 GMT)

Ownit Mortgage, Part-Owned by Merrill, Shuts Down This Week
Dec. 7 (Bloomberg) -- Ownit Mortgage Solutions Inc., a California-based home lender part-owned by Merrill Lynch & Co., closed this week and told more than 800 workers not to return, a former employee said. (Thu, 07 Dec 2006 23:14:21 GMT)

30-Year Mortgage Rates Drop
WASHINGTON -- Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second lowest level of the year, pushed down by further signs of economic weakness. (Thu, 07 Dec 2006 23:22:39 GMT)

Realty Q&A: The pros and cons of a second mortgage on rental home
WASHINGTON (MarketWatch) -- Question: Thanks for all of your insight, I've learned a lot by reading your answers to others' questions. Here's mine: I own a home in Connecticut and have a first and second mortgage on the house. It was my primary residence until recently, when a job change forced me to move out of state. I want to keep the house for the future, so I decided to rent it out. (Fri, 08 Dec 2006 01:01:15 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. (Fri, 08 Dec 2006 01:09:45 GMT)

Australia's Home-Loan Approvals Decline as Rates Rise (Update2)
Dec. 8 (Bloomberg) -- Australia's home-loan approvals fell for a third month in October as higher interest rates deterred buyers. (Fri, 08 Dec 2006 01:25:45 GMT)

Higher interest rates bite into home loan demand
There is further evidence of fragility in the housing sector, with higher interest rates appearing to be taking a toll. (Fri, 08 Dec 2006 01:47:00 GMT)

UPDATE: Realty Q&A: The Pros And Cons Of A Second Mortgage On Rental Home
WASHINGTON (Dow Jones) -- Question: Thanks for all of your insight, I've learned a lot by reading your answers to others' questions. Here's mine: I own a home in Connecticut and have a first and second mortgage on the house. (Fri, 08 Dec 2006 02:08:37 GMT)

Mortgage interest deduction is limited
Q Are there limits on the amount of mortgage interest a homeowner can deduct? A Yes. The general rule: You can deduct interest on up to $1 million of "acquisition debt"... (Fri, 08 Dec 2006 05:02:07 GMT)

Australia's Home-Loan Approvals Decline as Rates Rise (Update3)
Dec. 8 (Bloomberg) -- Australia's home-loan approvals fell for a third month in October as higher interest rates deterred buyers. (Fri, 08 Dec 2006 05:55:52 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, 08 Dec 2006 06:14:08 GMT)

Mortgage rates drop nationally
INLAND VIEWPOINT: Local experts differ on whether the dip is helping home sales or loan refinancing. (Fri, 08 Dec 2006 06:36:17 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? (Fri, 08 Dec 2006 06:52:46 GMT)

Mortgage rates fall again
Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second lowest level of the year, suppressed by further signs of economic weakness. (Fri, 08 Dec 2006 08:42:20 GMT)

Mortgage rates fall to 6.11%
Mortgage rates nationwide fell for the fourth straight week, with the 30-year fixed-rate loan dipping to the second lowest level of the year. (Fri, 08 Dec 2006 09:27:05 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. (Fri, 08 Dec 2006 10:29:54 GMT)

Study: Women pay more Men receive fewer subprime home loans despite worse credit
Women home buyers are more likely to pay more for a home loan than men — and even more so when a woman's income is on the high side, according to a study released Thursday by the Consumer (Fri, 08 Dec 2006 11:06:45 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, 08 Dec 2006 11:11:36 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, 08 Dec 2006 11:14:17 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. (Fri, 08 Dec 2006 11:14:47 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." (Fri, 08 Dec 2006 13:09:26 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." (Fri, 08 Dec 2006 13:27:48 GMT)

Mortgage rates falling to 5.5%
In a continuing downtrend for home mortgage rates, four key lenders in Hawaii cut their 30-year rates this week to 5.5 percent. (Fri, 08 Dec 2006 15:10:36 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. (Fri, 08 Dec 2006 16:25:31 GMT)

Fitch Rates $1.3B IndyMac Home Equity Mtge Loan Asset-Backed Trust INABS 2006-E
NEW YORK----Fitch rates IndyMac Home Equity Mortgage Loan Asset-Backed Trust, series INABS 2006-E, as follows: $1,010,100,000 classes 1-A1 through 1-A2, 2A-1 through 2A-4 'AAA'; $53,300,000 class M-1 'AA+'; $47,450,000 class M-2 'AA'; $27,300,000 class M-3 'AA-'; $24,700,000 class M-4 'A+'; $24,050,000 class M-5 'A'; $14,300,000 class M-6 'A-'; $16,250,000 class M-7 'BBB+'; $9,100,000 class M-8 (Fri, 08 Dec 2006 16:30:00 GMT)

Mortgage rates fall again
Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second lowest level of the year, suppressed by further signs of economic weakness. (Fri, 08 Dec 2006 16:44:40 GMT)

Mortgage rates fall again
WASHINGTON — Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second lowest level of the year. (Fri, 08 Dec 2006 18:03:32 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, 08 Dec 2006 18:32:42 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, 08 Dec 2006 18:33:02 GMT)

Sub-Prime Mortgage-Bond Derivatives Post Worst Week of Year
Dec. 8 (Bloomberg) -- Sub-prime mortgage bonds had their worst week of the year on concern about the failure of two lenders, the slowing housing market and the ability of borrowers to repay the loans, derivatives based on the securities show. (Fri, 08 Dec 2006 19:43:59 GMT)

Sub-Prime Mortgage Derivatives Fall as Lenders Fail (Update2)
Dec. 8 (Bloomberg) -- Sub-prime mortgage bonds had their worst week of the year on concern about the failure of two lenders, the slowing housing market and the ability of borrowers to repay the loans, derivatives based on the securities suggest. (Fri, 08 Dec 2006 20:59:42 GMT)

Mortgage Lenders Network Says It Remains In Business
NEW YORK -(Dow Jones)- Mortgage Lenders Network USA Inc., a major issuer of loans to people with weak credit profiles or who lack the documentation required to secure traditional mortgages, said Friday that it remains actively in business and is planning for 2007. (Fri, 08 Dec 2006 21:07:56 GMT)

Former Carolina Investors chairman: Bank loan didn't violate bail requirement
GREENVILLE, S.C. - A former South Carolina lieutenant governor convicted of securities fraud said asking for a half-million dollar loan did not violate his bail requirements. (Fri, 08 Dec 2006 22:22:44 GMT)

Federal Home Loan Bank of Seattle Resumes Payment of Dividends
SEATTLE----The Board of Directors of the Federal Home Loan Bank of Seattle has declared a cash dividend of $2.2 million or $.10 per share. The third-quarter dividend, which will be paid in December 2006, represents approximately 24 percent of the bank's third-quarter 2006 GAAP net income of $9.1 million. (Fri, 08 Dec 2006 23:52:00 GMT)

Bank of Montreal and Royal Bank lower mortgage rates effective Dec. 9
December 8, 2006 - 6:54 p.m. TORONTO (CP) - Posted residential mortgage interest rates got a pre-Christmas trimming Friday as Bank of Montreal (TSX:BMO) and Royal Bank (TSX:RY) announced reductions in their rates. (Sat, 09 Dec 2006 00:01:58 GMT)

Financial Experts: Mortgage Rates At Year-Long Low
Financial experts say now is the time to buy or refinance a home. (Sat, 09 Dec 2006 00:47:57 GMT)

Leeds Building Society launches new three-year fixed-rate ISA and mortgage
Leeds Building Society has launched a new three-year fixed-rate ISA and TOISA paying 5.20%, and a new three-year fixed-rate mortgage at only 5.29%. (Sat, 09 Dec 2006 02:15:19 GMT)

Mortgage Rates Falling
Sanford, FL -- Mortgage rates are falling and the trend could continue into next year making it the perfect time for homebuyers and for those looking to refinance. (Sat, 09 Dec 2006 04:05:59 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. (Sat, 09 Dec 2006 06:58:10 GMT)

How to take fear out of mortgage shopping
Some people would rather eat ground glass than face the process of applying for a mortgage. It seems so ... complicated. Intimidating. Paperwork-laden Paperwork-laden. "People just... (Sat, 09 Dec 2006 08:19:28 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, 09 Dec 2006 09:15:14 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, 09 Dec 2006 09:15:34 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? (Sat, 09 Dec 2006 09:15:44 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, 09 Dec 2006 11:22:51 GMT)

Refinancing a home equity loan
When interest rates drop, you can refinance your home equity loan and save money. (Sat, 09 Dec 2006 12:29:05 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. (Sat, 09 Dec 2006 13:02:41 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, 09 Dec 2006 13:30:39 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, 09 Dec 2006 14:27:18 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. (Sat, 09 Dec 2006 14:27:38 GMT)

Home loan fees rise to curb rates
Mortgage lenders are putting up their fees to new heights with 11 raising them by up to £200 in November. (Sat, 09 Dec 2006 15:40:14 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? (Sat, 09 Dec 2006 15:57:56 GMT)

How to prepare for your first mortgage
CHICAGO — Some people would rather eat ground glass than face the process of applying for a mortgage. It seems so . . . complicated. Intimidating. Paperwork-laden. (Sat, 09 Dec 2006 17:06:36 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. (Sat, 09 Dec 2006 21:54:56 GMT)

New Law Makes Mortgage Insurance Tax Deductible
Home affordability and the housing industry received a big boost today from Congress, which approved a measure that would for the first time allow lower- and moderate-income homebuyers to deduct the full cost of mortgage insurance from their federal taxes in 2007. (Sat, 09 Dec 2006 21:56:00 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, 10 Dec 2006 00:09:26 GMT)

Jury convicts woman of mortgage fraud; two others plead guilty
LITTLE ROCK - Mortgage-loan fraud convictions have been obtained against three women who operated manufactured-home sales companies in northern Arkansas, the U.S. attorney's office said Friday. (Sun, 10 Dec 2006 01:46:09 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? (Sun, 10 Dec 2006 02:28:28 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, 10 Dec 2006 02:28:30 GMT)

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