Mortgage News Jan 2007

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Impac Mortgage Holdings, Inc. Selects Quantrix Modeler as Data Modeling Engine for iMAP Risk Analysis Platform
Quantrix today announces that Impac Mortgage Holdings, Inc. hasimplemented Quantrix Modeler as thecore data modeling engine for itsmarket risk analysis platform, iMAP.With $22 billion in assets covering 323 metropolitan areas in all fiftystates, Impac is among the largest companies active in non-conformingresidential mortgage loans in the United States. iMAP is a decision-supportsystem that ... (Tue, 23 Jan 2007 18:55:56 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. (Tue, 23 Jan 2007 19:30:37 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, 23 Jan 2007 20:04:24 GMT)

Mortgage unit sale boosts National City's 4Q profits
A $1-per-share gain on the sale of its non-prime mortgage company added heft to National City Corp.'s fourth-quarter and full-year earnings. (Tue, 23 Jan 2007 20:20:13 GMT)

Bill would increase penalties for mortgage fraud
A state lawmaker wants to increase criminal penalties for mortgage fraud. (Tue, 23 Jan 2007 20:46:41 GMT)

Mobile Home Owners See Changing Home Loan Market
Changes in lending to mobile home buyers could help with the state's affordable housing crunch. (Tue, 23 Jan 2007 21:21:33 GMT)

Thornburg Mortgage Reports EPS of $2.58 for 2006
SANTA FE, N.M.----Thornburg Mortgage, Inc. Annual mortgage originations of $5.6 billion; up 13% year-over-year Total assets of $52.7 billion; a 24% increase over prior year Strong credit underscored by 0.11% 60-day plus delinquent loans New wholesale lending channel now supports more than 200 brokerage firms, 2,000 loan officer relationships (Tue, 23 Jan 2007 21:57:00 GMT)

Finance Factors adds online mortgage tool to Web site
Finance Factors Ltd. has added an online mortgage application tool on its Web site that can be used for purchases of homes, refinancing and obtaining home-equity credit lines. (Tue, 23 Jan 2007 22:21:00 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. (Tue, 23 Jan 2007 22:45:55 GMT)

Thornburg Mortgage 4Q Profit Rises
Thornburg Mortgage Inc. said Tuesday its fourth-quarter results rose 8.9 percent despite a tough mortgage environment, aided by the sale of mortgage-backed securities and strong loan origination activity. (Tue, 23 Jan 2007 22:52:26 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." (Wed, 24 Jan 2007 00:09:56 GMT)

ABN Amro sells US mortgage arm to Citigroup
Netherlands-based international bank ABN Amro has reached an agreement to sell its US-based residential mortgage broker origination platform and servicing business ABN Mortgage Group to US banking giant Citigroup, as part of its strategy of streamlining its activities and aligning them around its mid-market commercial and consumer clients. (Wed, 24 Jan 2007 02:02:10 GMT)

Timberland Bancorp Reports Strong First Fiscal Quarter Earnings of $0.54 per Share Led by Solid Loan Growth and Brisk ...
Timberland Bancorp, Inc. (NASDAQ: TSBK), theholding company for Timberland Bank, today reported that strong loan growthand excellent asset quality contributed to solid fiscal first quarter 2007results. First quarter profits were near the record levels of its fiscalfirst quarter of 2006 with net income totaling $1.95 million, or $0.54 perdiluted share, for the quarter ended December 31, 2006, ... (Wed, 24 Jan 2007 02:10:26 GMT)

Troubled mortgage firm turns 100's of furloughs into layoffs
HARTFORD - A troubled Middletown-based mortgage lender has informed hundreds of its employees, including about 200 in Connecticut, that they will be laid off permanently. (Wed, 24 Jan 2007 04:39:39 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, 24 Jan 2007 05:09:10 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, 24 Jan 2007 07:41:00 GMT)

Northern Rock's Second-Half Profit Rises 51% on Mortgage Growth
Jan. 24 (Bloomberg) -- Northern Rock Plc, the U.K.'s best- performing bank stock in 2006, said second-half profit rose 51 percent on increased mortgage lending to existing customers. (Wed, 24 Jan 2007 08:05:33 GMT)

Firm actions by police against loan sharks showing results
SINGAPORE : Police are stepping up their efforts against loan sharks, especially since the number of unlicensed money lending activities is on the rise. (Wed, 24 Jan 2007 08:17:04 GMT)

Mortgage Marketing Company Alerio Again Contracts With THAT Agency to Manage Their Online Business
For the third year in a row, mortgage marketing company Alerio, LLC has renewed its contract with THAT Agency to manage their online business. THAT Agency has increased mortgage leads for Alerio by more than 150 percent per year, causing Alerio to extend their business relationship with the design agency. THAT Agency accomplished this feat in part from their creation of a lead generation website ... (Wed, 24 Jan 2007 08:17:47 GMT)

Northern Rock 2nd-Half Net Rises 51% on Mortgage Gain (Update1)
Jan. 24 (Bloomberg) -- Northern Rock Plc, the U.K.'s best- performing bank stock in 2006, said second-half profit rose 51 percent on increased mortgage lending to existing customers, beating analysts' estimates. (Wed, 24 Jan 2007 08:35:42 GMT)

Mortgage Lenders layoffs spare Wallingford
WALLINGFORD - A customer service center on Research Parkway was left unscathed after Mortgage Lenders Network USA Inc. laid off about 170 furloughed employees statewide and about 660 nationwide. (Wed, 24 Jan 2007 08:37:30 GMT)

Nigeria: 35 Mortgage Banks Submit Returns to CBN, NDIC
In apparent reflection of the declining fortunes of the primary mortgage institutions sub-sector, less than 30 mortgage banks submit monthly returns to the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). (Wed, 24 Jan 2007 09:12:52 GMT)

Northern Rock profit jumps, eyes top 3 mortgage spot
Northern Rock beat analysts' expectations with a 16.5 percent jump in annual profits on Wednesday and said it aims to become one of the top three mortgage lenders within five years. (Wed, 24 Jan 2007 10:10:04 GMT)

Northern Rock 2nd-Half Net Rises 51% on Mortgage Gain (Update2)
Jan. 24 (Bloomberg) -- Northern Rock Plc, the U.K.'s best- performing bank stock in 2006, said second-half profit rose 51 percent on increased mortgage lending and cost controls, beating analysts' estimates. (Wed, 24 Jan 2007 10:20:33 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, 24 Jan 2007 10:33:57 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. (Wed, 24 Jan 2007 11:17:17 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. (Wed, 24 Jan 2007 11:17:18 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, 24 Jan 2007 11:17:28 GMT)

Airport panel OKs receiving county loan
The Ozark Regional Airport Commission approved a request to allow Chairman Richard Sheid to accept a $158,378.20 loan from the Baxter County Quorum Court to build a new 100-by-100 foot hangar. (Wed, 24 Jan 2007 11:21:12 GMT)

Northern Rock profit jumps, eyes top 3 mortgage spot
LONDON (Reuters) - Northern Rock beat analysts' expectations with a 16.5 percent jump in annual profits on Wednesday and said it aims to become one of the top three mortgage lenders within five years. (Wed, 24 Jan 2007 11:52:33 GMT)

Mortgage Marketing Company Alerio Again Contracts With THAT Agency to Manage Their Online Business
West Palm Beach, FL (PRWeb) January 24, 2007 -- For the third year in a row, mortgage marketing company Alerio, LLC has renewed its contract with THAT Agency to manage their online business. (Wed, 24 Jan 2007 12:00:00 GMT)

Weekly mortgage applications drop 8.4%
WASHINGTON (MarketWatch) -- The number of applications for mortgages filed with major U.S. banks fell by a seasonally adjusted 8.4% last week compared to a week earlier, with purchase and refinancing loans both lower, the Mortgage Bankers Association reported Wednesday. (Wed, 24 Jan 2007 12:09:42 GMT)

Mortgage applications slide
Weekly activity index falls 8.4% as interest rates climb, industry trade group reports. (Wed, 24 Jan 2007 12:48:48 GMT)

(AFX UK Focus) 2007-01-24 12:57 GMT: Bank of Ireland announces Irish residential mortgage securitisation
LONDON (AFX) - Bank of Ireland said it will launch an Irish residential mortgage securitisation transaction and that it is also planning a UK residential mortgage transaction in the near future. (Wed, 24 Jan 2007 13:03:20 GMT)

Home loan demand drops as interest rates rise
Mortgage applications for both home purchases and refinancing dropped last week as interest rates rose, an industry trade group said Wednesday. (Wed, 24 Jan 2007 13:48:56 GMT)

Lock That Rate!
Buying a house is the largest purchase that most people ever make. Although there are a few people with the financial resources to pay cash for their new home, everyone else has to think about what kind of mortgage loan to get and how much they can afford. With home prices still near record highs, you have to do everything you can to make your money go as far as it can. (Wed, 24 Jan 2007 15:33:51 GMT)

Thornburg Mortgage Stock Up on 4Q Report
Shares of Thornburg Mortgage Inc. rose Wednesday, a day after the mortgage lender reported fourth-quarter profit that beat analyst projections. (Wed, 24 Jan 2007 17:18:29 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, 24 Jan 2007 17:46:33 GMT)

Northern Rock 2nd-Half Net Rises 51% on Mortgage Gain (Update4)
Jan. 24 (Bloomberg) -- Northern Rock Plc said second-half profit rose 51 percent on increased mortgage lending and cost controls, beating analysts' estimates. The stock, the best performer among U.K. banks in 2006, gained the most in six months. (Wed, 24 Jan 2007 17:50:44 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. (Wed, 24 Jan 2007 19:22:50 GMT)

Nagin announces gap-loan program
NEW ORLEANS (AP) -- Mayor Ray Nagin, eager to bring displaced residents back to this hurricane-hit city, on Wednesday announced the creation of a gap-loan program that homeowners can borrow into until they get aid from the slow-moving Road Home program. (Wed, 24 Jan 2007 19:45:55 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, 24 Jan 2007 19:47:41 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. (Wed, 24 Jan 2007 19:47:49 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? (Wed, 24 Jan 2007 19:47:59 GMT)

Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Wed, 24 Jan 2007 20:19:30 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, 24 Jan 2007 20:20:50 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, 24 Jan 2007 20:21:00 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. (Wed, 24 Jan 2007 20:21:24 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." (Wed, 24 Jan 2007 20:22:09 GMT)

California mortgage defaults at 8-year high
The number of mortgage default notices filed against California homeowners jumped last quarter to the highest level in more than eight years, a real estate information service reported. (Wed, 24 Jan 2007 20:53:02 GMT)

Calif. Mortgage Defaults Up in 4Q
Mortgage defaults in California more than doubled on an annual basis in the last quarter of 2006, with most of the troubled loans taken out by homeowners within the last two years, a real estate research firm said Wednesday. (Wed, 24 Jan 2007 21:10:05 GMT)

Fitch Rates WaMu Mortgage Pass-Through Certificates $2.9B Series 2007-HY1
NEW YORK----Fitch rates WaMu Mortgage Pass-Through Certificates, Series 2007-HY1 classes as follows: (Wed, 24 Jan 2007 22:24:00 GMT)

California mortgage defaults at 8-year high
The number of mortgage default notices filed against California homeowners jumped last quarter to the highest level in more than eight years, a real estate information service reported. (Wed, 24 Jan 2007 22:36:36 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. (Wed, 24 Jan 2007 23:02:29 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. (Wed, 24 Jan 2007 23:04:06 GMT)

Mortgage broker chases building society
Upstart listed Christchurch mortgage lender Propertyfinance Group (PFG) has snaffled a small strategic stake in the venerable CBS Canterbury. (Thu, 25 Jan 2007 00:02:39 GMT)

New Mortgage Company Reports 29 Percent Hike in Revenue
During the past year, as many as 17Massachusetts-based mortgage companies have gone out of business, due to anumber of factors including a sluggish real estate market. Amid thisdepressed industry landscape, Lifetime Home Loans (LHL) burst on the scenein January 2006 and has continued to fly high throughout the year.Prospects for 2007 look even more promising. (Thu, 25 Jan 2007 01:09:36 GMT)

Upbeat Northern Rock aims for more of the mortgage market
Shares in Northern Rock surged yesterday as the mortgage bank beat profit forecasts and continued to snare business from larger rivals. (Thu, 25 Jan 2007 01:51:02 GMT)

Northern Rock tips mortgage market decline
Growth in the UK mortgage market is expected to tail off dramatically this year as house prices rise only 3pc to 5pc, 'in line with earnings'. (Thu, 25 Jan 2007 01:57:54 GMT)

Mortgage lender ordered to pay Mich. customers restitution
Michigan's banking regulation office on Wednesday issued a cease-and-desist order against a troubled Connecticut-based mortgage lender that works primarily with people with poor credit. (Thu, 25 Jan 2007 02:24:29 GMT)

Mayor announces gap-loan program
NEW ORLEANS New Orleans Mayor Ray Nagin, eager to bring displaced residents back home, today announced the creation of a gap-loan program that homeowners can borrow into until they get aid from the state's slow-moving Road Home program. (Thu, 25 Jan 2007 02:37:58 GMT)

Mayor announces gap-loan program
NEW ORLEANS New Orleans Mayor Ray Nagin, eager to bring displaced residents back home, today announced the creation of a gap-loan program that homeowners... (Thu, 25 Jan 2007 02:39:21 GMT)

Mortgage lender ordered to pay Mich. customers restitution
DETROIT -- Michigan's banking regulation office on Wednesday issued a cease-and-desist order against a troubled Connecticut-based mortgage lender that works primarily with people with... (Thu, 25 Jan 2007 02:52:20 GMT)

Mortgage Defaults More Than Double In California
LOS ANGELES — A real estate research firm says mortgage defaults in California more than doubled on an annual basis in the last quarter of 2006. Most of the troubled loans were taken out by homeowners within the last two years. (Thu, 25 Jan 2007 04:29:34 GMT)

Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Thu, 25 Jan 2007 04:53:29 GMT)

Nightmare mortgage situation has a silver lining for beleaguered family
Finances have been a bit tight for the Wagner family of West Jordan over the last two years. Jeremy and Lisa Wagner's first baby was born in 2004, and then last year, after baby No. 2, Lisa quit her job. Then came mortgage trouble. But the couple insist those woes are not because they can't pay their home loan. The Wagners say mistakes made by their lender put them behind on their loan ... (Thu, 25 Jan 2007 07:13:17 GMT)

Mortgage defaults double in Marin
The number of mortgage default notices nearly doubled in Marin County in the fourth quarter of last year, mirroring an escalation in foreclosure activity throughout California, according to data released Wednesday. (Thu, 25 Jan 2007 08:28:00 GMT)

LendingTree.com Shares 5 Questions to Ask Before Refinancing an Adjustable Rate Mortgage
Approximately $1 trillion worth of adjustable rate mortgages (ARM) are scheduled for a payment reset in 2007*. Many homeowners are likely considering refinancing their mortgage to avoid any chance of an increased monthly payment. With fixed rate mortgages once again relatively low, there are many attractive options for borrowers. (PRWeb Jan 25, 2007) Post Comment:Trackback URL: ... (Thu, 25 Jan 2007 08:32:28 GMT)

Mortgage survey and analysis
Bankrate's weekly national survey shows where mortgage rates are -- and our analysis predicts where they're headed. (Thu, 25 Jan 2007 11:00:00 GMT)

(AFX UK Focus) 2007-01-25 10:12 GMT: Hong Kong end-Dec mortgage loan drawdowns up 32.7 pct from end-Nov - HKMA
HONG KONG (XFN-ASIA) - Hong Kong's new home mortgage loan drawdowns stood at 14 bln hkd at end-December, up 32.7 pct from a month earlier, the Hong Kong Monetary Authority (HKMA) said. (Thu, 25 Jan 2007 11:07:40 GMT)

Mortgage affordability will improve - Lisney
Estate agents Lisney say that with salaries rising and slower house price growth this year, mortgage affordability will improve this year, allowing first time buyers get on to the property ladder. (Thu, 25 Jan 2007 11:12:12 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, 25 Jan 2007 11:19:08 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? (Thu, 25 Jan 2007 11:19:18 GMT)

LendingTree.com Shares 5 Questions to Ask Before Refinancing an Adjustable Rate Mortgage
Charlotte, NC (PRWeb) January 25, 2007 -- Approximately $1 trillion worth of adjustable rate mortgages (ARM) are scheduled for a payment reset in 2007*. (Thu, 25 Jan 2007 12:00:00 GMT)

American Home Mortgage Announces Fourth Quarter and Full Year Results
MELVILLE, N.Y.----American Home Mortgage Investment Corp. announced today results for the quarter and full year ended December 31, 2006. (Thu, 25 Jan 2007 12:00:00 GMT)

Lenders preying on easy targets?
Lower-income families who own homes that were built with the help of Habitat for Humanity have become attractive targets for predatory lenders. The offers seem attractive: Refinance your mortgage and cash out the equity in your home. (Thu, 25 Jan 2007 12:27:49 GMT)

Bankrate: Mortgage Rates Continue to Climb
NEW YORK, Jan. 25 /PRNewswire-FirstCall/ -- Mortgage rates increased again this week with the average 30-year fixed rate rising to 6.32 percent. According to Bankrate.com ( Nachrichten ) 's weekly national survey of large lenders, the 30- year fixed rate mortgages had an average of 0.34 discount and origination points. (Thu, 25 Jan 2007 12:45:55 GMT)

Federal Home Loan Bank of Atlanta President and CEO Announces Retirement; Interim President and CEO Named
Federal Home Loan Bank of Atlanta CEO and President Raymond R. Christman has announced his retirement, effective Jan. 31, 2007. William Ott has been named Interim President and CEO, effective Feb. 1, 2007. (Thu, 25 Jan 2007 13:49:00 GMT)

American Home Mortgage sales, profits skyrocket in Q4
American Home Mortgage Investment Corp., a mortgage real-estate investment trust that has been one of Long Island's fastest-growing companies in the last five years, said Thursday that sales and earnings soared in the fourth quarter as it added about $1 billion in new loans to its portfolio. (Thu, 25 Jan 2007 13:50:18 GMT)

American Home Mortgage 4Q Profit Soars
American Home Mortgage Investment Corp. said Thursday its fourth-quarter earnings climbed more than fourfold as the mortgage lender lent more money to people buying homes and charged high interest rates on the mortgages. (Thu, 25 Jan 2007 13:54:50 GMT)

Kingston's Deal Is a Loan
According to the Edinburgh Evening News, Laryea Kingston is yet to sign a permanent deal with the Scottish side, Hearts. The midfield internationalist has agreed a six-month loan move to Edinburgh from his Russian club, Terek Grozny, pending work permit authorisation from the Home Office. (Thu, 25 Jan 2007 14:03:38 GMT)

Home Federal Bancorp, Inc. of Louisiana Reports Net Earnings For the Quarter and Six Months Ended December 31, 2006
SHREVEPORT, La.----Home Federal Bancorp, Inc. of Louisiana , the "mid-tier" holding company of Home Federal Savings and Loan Association , reported net earnings for the second quarter ended December 31, 2006 of $174,000, or basic earnings per share of $.05, an increase of $18,000, or 11.5%, from the $156,000 in net earnings, reported for the second quarter ended December 31, 2005. (Thu, 25 Jan 2007 14:16:00 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? (Thu, 25 Jan 2007 14:20:57 GMT)

Mortgage rates mixed on steady growth
December's leading indicators that showed steady growth in the coming months kept mortgage rates steady, according to a survey. (Thu, 25 Jan 2007 16:49:14 GMT)

Home Federal Bankcorp
Home Federal Bancorp, Inc. of Louisiana (the “ Company ” ) the “ mid-tier holding company of Home Federal Savings and Loan Association (the “ Association ” ), reported net earnings for the second quarter ended December 31, 2006 of $174,000, or basic earnings per share of $.05, an increase of $18,000, or 11.5%, from the $156,000 in net earnings, reported for the second quarter ended December 31, ... (Thu, 25 Jan 2007 17:11:49 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. (Thu, 25 Jan 2007 17:19:28 GMT)

Millennium Bankshares shutting down mortgage business
Millennium Bankshares will wind down its mortgage banking business to focus solely on core banking services, the company announced Thursday. (Thu, 25 Jan 2007 17:43:53 GMT)

Do You Have Credit Problems? 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, 25 Jan 2007 18:41:18 GMT)

UK To Release BBA Mortgage Data For December
(RTTNews) - Late in the day, the UK will release BBA Mortgage Approvals for December. In November, the rate came in a 3.7%. The rate is expected to decline notably in December. The amount for the previous month showed at 77.8K. That number is expected to decline for December. (Thu, 25 Jan 2007 19:23:45 GMT)

Bankrate: Mortgage Rates Continue to Climb
NEW YORK, Jan. 25 /PRNewswire-FirstCall/ -- Mortgage rates increased again this week with the average 30-year fixed rate rising to 6. (Thu, 25 Jan 2007 19:24:32 GMT)

SourceMedia Launches Mortgage University, an Online Suite of Professional Education Courses for Mortgage Brokers and ...
Adding to its extensive line of mortgagepublications, websites, database products, and proprietary research for themortgage market, SourceMedia's Mortgage Group, publisher of NationalMortgage News and BrokerUniverse, announced today the launch of MortgageUniversity, an array of correspondence and online courses designed tofulfill the professional education and compliance needs of ... (Thu, 25 Jan 2007 20:10:36 GMT)

Memphis riskiest city for mortgage
Memphis is the top at-risk mortgage market in the U.S. according to the CoreLogic Core Mortgage Risk Monitor. (Thu, 25 Jan 2007 20:32:37 GMT)

30-Yr. Mortgage Rates Up to 6.25 Percent
WASHINGTON -- Rates on 30-year mortgages edged up to the highest level since early November as the economy continued to show surprising signs of strength. (Thu, 25 Jan 2007 20:43:25 GMT)

30-Yr. Mortgage Rates Up to 6.25 Percent
Rates on 30-year mortgages edged up to the highest level since early November as the economy continued to show surprising signs of strength. The mortgage company Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.25 percent... (Thu, 25 Jan 2007 20:44:52 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, 25 Jan 2007 21:02:54 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, 25 Jan 2007 21:03:25 GMT)

Fitch Affirms 30 Classes From 10 First Horizon Home Loan Mortgage Trust RMBS Issues
NEW YORK----Fitch Ratings affirms the following First Horizon Home Loan Mortgage Trust issues as follows: (Thu, 25 Jan 2007 21:51:00 GMT)

Mortgage rates jump
One key mortgage rate rises to highest level in more than four years. Mortgage rates in Orange County spiked this week, with one key rate rising to the highest level in more than four years. (Thu, 25 Jan 2007 22:31:13 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? (Thu, 25 Jan 2007 22:33:58 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, 25 Jan 2007 23:24:13 GMT)

Online Extra: Tip Sheet: Prepay the Mortgage or Save for Retirement?
Prepay the Mortgage or Save for Retirement? (Thu, 25 Jan 2007 23:28:53 GMT)

Online Extra: Reverse Mortgage Resources
Thanks to soaring property values, many retirees find themselves awash in home equity. But they may not necessarily have ample regular income that pays the bills. If they don’t want to sell their homes, a good alternative is a reverse mortgage. (Thu, 25 Jan 2007 23:29:13 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. (Thu, 25 Jan 2007 23:50:11 GMT)

Mixed mortgage rates on December growth indicators
Positive economic activity and a stronger-than expected housing market resulted in mixed mortgage rates, Freddie Mac announced Thursday. (Fri, 26 Jan 2007 00:15:08 GMT)

Mortgage business searched in probe
The home office of Carnation Banc -- a mortgage banking company in West Akron -- was searched Thursday by state and local investigators. (Fri, 26 Jan 2007 08:25:24 GMT)

Free Seminars Reveals How Any Homeowner Can Pay Off Their Home Mortgage in as Little as 5 to 11 Years, with Little to ...
Little known mortgage cycling acceleration concept pioneered in Australia that US banks don't want homeowners to know about will be revealed in seminars presented by PDXLoan.com & The Jeff Williams Group of Mortgage Express. Learn how to pay off your mortgage years earlier, paying tens of thousands less in interest. (PRWeb Jan 26, 2007) Post Comment:Trackback URL: ... (Fri, 26 Jan 2007 08:32:27 GMT)

30-year mortgage rates increase
WASHINGTON — Rates on 30-year mortgages edged up to the highest level since early November. The mortgage company Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.25 percent this week, compared with 6.23 percent last week. (Fri, 26 Jan 2007 09:14:44 GMT)

Mortgage approvals fall 11.1 percent
Mortgage approvals fell 11.1 percent in December from a year ago to 45,533, the first annual fall since April, a survey showed on Friday, indicating higher borrowing costs may be dampening demand. (Fri, 26 Jan 2007 09:55:40 GMT)

UK mortgage approvals down as rates bite
British mortgage approvals fell 11.1% in December from a year ago to 45,533, the first annual fall since April, a survey showed today, indicating higher borrowing costs may be dampening demand. (Fri, 26 Jan 2007 10:57:02 GMT)

U.K. Home-Purchase Loans Fell in December, BBA Says (Update1)
Jan. 26 (Bloomberg) -- U.K. loans granted for home purchase fell in December as two interest-rate increased pushed up borrowing costs and Britons focused on holiday shopping, a report by the British Bankers' Association showed. (Fri, 26 Jan 2007 11:05:33 GMT)

FSA moves on mortgage exit fees
The FSA tells lenders they will have to "justify" increases to the fees they charge when a mortgage is paid-off. (Fri, 26 Jan 2007 11:28:10 GMT)

Free Seminars Reveals How Any Homeowner Can Pay Off Their Home Mortgage in as Little as 5 to 11 Years, with Little to ...
Portland, OR (PRWeb) January 26, 2007 -- Mortgage education website PDXLoan. (Fri, 26 Jan 2007 12:00:00 GMT)

Knowing Rate Caps Help Homeowners Handle Adjustable Rate Mortgages in 2007
(PRWeb) January 26, 2007--As homeowners head into a new year, some may need to reassess their financial situation and consider mortgage refinancing. (Fri, 26 Jan 2007 12:00:00 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. (Fri, 26 Jan 2007 12:00:02 GMT)

Mortgage approvals fall back in December
Britain's housing market may be starting to react to the recent rises in interest rates with mortgage approvals falling sharply in December. (Fri, 26 Jan 2007 12:15:05 GMT)

Mortgage data hints at rate effect
Mortgage approvals posted their first annual fall since April, suggesting the recent interest rate increases may be starting to affect demand. (Fri, 26 Jan 2007 12:20:51 GMT)

Regulator cracks down on mortgage exit fees
Borrowers who paid more to move mortgage lender than they originally expected could be in line for a refund after the City regulator announced it was cracking down on exit fees. (Fri, 26 Jan 2007 12:20:59 GMT)

Regulator cracks down on mortgage exit fees
Borrowers who paid more to move mortgage lender than they originally expected could be in line for a refund. (Fri, 26 Jan 2007 12:39:29 GMT)

Mortgage rates rise to 5.875%
All but one of Hawaii's key local mortgage lenders hiked their 30-year home loan rates one-eighth this week, to 5.875 percent (Fri, 26 Jan 2007 15:24:51 GMT)

Is Switching Mortgage A Good Idea For You?
There's a fairly simple way to work out whether switching mortgage makes sense for you. (Fri, 26 Jan 2007 15:39:22 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, 26 Jan 2007 15:58:24 GMT)

Mortgage Bond Market Eyes 5% 10-Year With Trepidation
NEW YORK -(Dow Jones)- With the 10-year Treasury nearing 5%, mortgage investors are getting nervous. Risk premiums on mortgage bonds are widening as the 10-year threatens to go above this important psychological threshold - something that hasn't happened since last summer. (Fri, 26 Jan 2007 16:38:46 GMT)

Fitch Rates American Home Mortgage Assets Trust 2007-1
NEW YORK----Fitch rates American Home Mortgage Assets Trust 2007-1, Mortgage-Backed Pass-Through Certificates as follows: $1.361 billion class A-1 through A-3, 'AAA' ; $65.5 million class M-1 'AA'; $19.6 million class M-2 'AA-'; $17.3 million class M-3 'A+'; $8.3 million class M-4 'A'; $5.3 million class M-5 'A'; $6.8 million class M-6 'A-'; $7.5 million class M-7 'BBB+'; $10.5 million class M-8 ... (Fri, 26 Jan 2007 17:37:00 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." (Fri, 26 Jan 2007 18:31:04 GMT)

Life Time in Mortgage Financing Deal
Health and fitness center operator Life Time Fitness Inc. said Friday that it entered a $105 million long-term mortgage financing agreement with Goldman Sachs Commercial Mortgage LP. (Fri, 26 Jan 2007 19:02:16 GMT)

Avoid using home equity to erase holiday debt
Some claim consumers with poor credit or a recent bankruptcy can be approved for the loans. But the California Association of Mortgage Brokers is saying “buyer beware.” While refinancing may be wise for some, it may not be recommended for those with bad credit or in bankruptcy or foreclosure. (Fri, 26 Jan 2007 19:06:38 GMT)

Wachovia closes subprime mortgage unit
Wachovia Corp. has closed its subprime mortgage lending division, EquiBanc Mortgage. (Fri, 26 Jan 2007 19:45:49 GMT)

If You Have an Adjustable Rate Mortgage, Refinance Now
(ARA) - With gas prices in a state of constant flux, and warnings that energy costs will be on the rise this winter, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen. (Fri, 26 Jan 2007 21:02:12 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, 26 Jan 2007 21:02:32 GMT)

Seeking Cash, at a Lower Cost
CHICAGO -- People looking to extract equity from their homes have increasingly been turning to cash-out refinancing, industry observers say. (Fri, 26 Jan 2007 21:04:24 GMT)

Ex-Aquacell CFO Gets 6 Months Detention
The ex-chief financial officer of AquaCell Technologies Inc. was sentenced to six months home detention on Friday after pleading guilty last year to lying to the company's auditors about a $1.75 million loan made to an investor to purchase shares in AquaCell's 2001 initial public offering, prosecutors said. (Fri, 26 Jan 2007 21:55:13 GMT)

Is that loan suitable for you? You won't judge for yourself
For the mortgage market, it could be the hottest buzzword of the year: suitability. That's because Congress has a new top legislator for mortgage matters, Rep. Barney Frank, who believes that "you shouldn't lend [home buyers or refinancers] more than they can afford to pay back, and you don't lend them more than their house is worth." Frank, a 14-term Massachusetts Democrat, is the new chairman ... (Fri, 26 Jan 2007 22:06:07 GMT)

John F. Robinson Joins the Federal Home Loan Bank of San Francisco Board of Directors
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco Board of Directors has selected John F. Robinson to fill a vacant seat on the Board. Mr. Robinson replaces J. Benson Porter, who resigned from the Board effective January 25, 2007. (Fri, 26 Jan 2007 22:28:00 GMT)

Have you had preapproval for a home loan?
Few people can buy a home for cash. According to the National Association of Realtors (www.realtor.org), nearly nine out of 10 buyers finance their purchase. The goal is to get the loan that's right for you: a mortgage with the lowest cost and best terms. (Fri, 26 Jan 2007 22:32:40 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, 26 Jan 2007 23:04:45 GMT)

Mortgage exit ruling may mean £100m bill for lenders
Banks and other mortgage lenders could face a compensation bill of £100m to past and present mortgage customers in the latest flexing of muscles by the Financial Services Authority. (Sat, 27 Jan 2007 01:00:48 GMT)

Drop in mortgage approvals points to housing slowdown
Fresh signs that higher interest rates are putting the brakes on the housing market emerged yesterday from a report showing mortgage approvals plummeted last month. (Sat, 27 Jan 2007 01:01:44 GMT)

Payback time on high mortgage fees
Millions of homeowners who have been forced to pay exorbitant fees when switching to a cheaper mortgage could be entitled to compensation, following a ruling from the financial watchdog. (Sat, 27 Jan 2007 02:24:25 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. (Sat, 27 Jan 2007 04:15:48 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." (Sat, 27 Jan 2007 04:17:26 GMT)

Mortgage Lenders Network USA is suspended in R.I.
PROVIDENCE – The R.I. Department of Business Regulation has suspended the license of Mortgage Lenders Network USA Inc., as part of an ongoing investigation into possible violations of state laws by the Middletown, Conn.-based sub-prime mortgage lender. (Sat, 27 Jan 2007 05:06:10 GMT)

County mortgage defaults triple
Monterey County saw a 209 percent increase in mortgage defaults last year, but lenders and realtors said Friday it’s more a cautionary tale than a gloomy forecast for the housing market. (Sat, 27 Jan 2007 05:08:50 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. (Sat, 27 Jan 2007 05:55:53 GMT)

Home Loan Company Provides Incentives to Condo Buyers to Go Green
JANUARY 26, 2007 -- Irvine, Calif. -- A mortgage lender is offering discounts on loan fees to consumers whose condominium buildings or units conform to principles of green-consciousness. (Sat, 27 Jan 2007 06:13:11 GMT)

Advantages of a 50-year mortgage can cost you later
Home buyers shopping for a loan may notice a new kid on the block: the 50-year mortgage. (Sat, 27 Jan 2007 06:43:47 GMT)

Hope for victims of mortgage exit fees
MORTGAGE lenders who impose unfair exit fees will be forced to cut the amount they charge and reimburse past customers hit when leaving a contract, it was announced yesterday. (Sat, 27 Jan 2007 09:36:55 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, 27 Jan 2007 10:34:15 GMT)

MORTGAGE TERMS
Bank of America, the nation's second-largest bank, and California mortgage lender Countrywide Financial are in very early talks about a potential merger worth $30 billion, according to sources. Shares of Calabasas, Calif.-based Countrywide jumped... (Sat, 27 Jan 2007 10:34:31 GMT)

Congress may push for loan `suitability'
For the American mortgage market, it could be the hottest buzzword of the year: suitability. That's because Congress has a new top legislator for mortgage matters, Rep. Barney Frank, who believes ``you shouldn't lend (home buyers or refinancers) more than they can afford to pay back, and you don't lend them more than their house is worth.'' (Sat, 27 Jan 2007 11:03:09 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. (Sat, 27 Jan 2007 11:30:13 GMT)

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