Mortgage News Jan 2007

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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 11:31:23 GMT)

Is BofA eyeing mortgage lender?
Shares of Countrywide Financial Corp. jumped as much as 12 percent Friday, spurred by a report that Bank of America Corp. was in talks that could lead to the acquisition of the mortgage lender. (Sat, 27 Jan 2007 11:45:01 GMT)

Mortgage payment is only part of what you owe
Question: You might be able to afford the mortgage payment, but can you really afford the loan? (Sat, 27 Jan 2007 12:11:16 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, 27 Jan 2007 12:22:39 GMT)

Wachovia To Close EquiBanc Mortgage Unit
Wachovia Corp. announced Thursday it is shutting down its Equibanc Mortgage unit, which did business in 25 states and Washington, DC, including Virginia. (Sat, 27 Jan 2007 14:02:35 GMT)

Citigroup fights back with mortgage business buyout
world's largest financial services company, last week attempted to prop up its flagging reputation in the markets with the acquisition of the US-based ABN Amro Mortgage Group. (Sat, 27 Jan 2007 14:56:25 GMT)

More troubles reported for beleaguered mortgage firm
A troubled Middletown-based mortgage lender plans to lay off more workers this week and has lost a contract to collect mortgage payments for a large corporation. (Sat, 27 Jan 2007 16:39:36 GMT)

Home loans may become tougher
DAVOS: Loan seekers, particularly in Delhi, may find themselves dealing with cautious bankers, with ICICI Bank chief executive and managing director K V Kamath saying his bank — the second largest in India — would be more stringent in screening housing loans. (Sat, 27 Jan 2007 18:47:24 GMT)

Home loan demand still strong
NEW DELHI: Fears of the real estate sector being hit by an increase in interest rate on home loans have proved unfounded. (Sat, 27 Jan 2007 18:47:44 GMT)

More troubles reported for beleaguered mortgage firm
(Middletown-AP, Jan. 27, 2007 4:10 PM) _ A troubled Connecticut mortgage firm trying to stay afloat faces more problems as one of its business partners cuts ties, and more workers are pink-slipped. (Sat, 27 Jan 2007 21:20:48 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, 28 Jan 2007 03:21:32 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, 28 Jan 2007 03:21:55 GMT)

Your Money Matters: Say 'I Do' to Home Buying
(ARA) - Getting married marks a huge milestone for many people who have spent years dreaming about being a husband or wife. Another major milestone that often follows marriage is the first "big" purchase, which is typically buying a home. (Sun, 28 Jan 2007 03:22:05 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." (Sun, 28 Jan 2007 03:22:16 GMT)

Home Prices Out of Reach For Many
Flexible financing options might be more about necessity than convenience in a Northwest Arkansas area where the median home price appreciates faster than median incomes. (Sun, 28 Jan 2007 05:00:32 GMT)

Home loans may become tougher
DAVOS: Loan seekers, particularly in Delhi, may find themselves dealing with cautious bankers, with ICICI Bank chief executive and managing director K V Kamath saying his bank — the second largest in India — would be more stringent in screening housing loans. (Sun, 28 Jan 2007 05:32:31 GMT)

Know your score before buying a home
Your credit score will help determine the terms and rate of your loan. If you're thinking of buying a house, there's one number that's more important than all the others. (Sun, 28 Jan 2007 06:22:39 GMT)

Consumer lookout: Loan applicants may borrow annoyance along with the cash
When Martha Ortman and her husband decided to refinance their home last year, they agreed to have a mortgage company pull their credit report. Then came the surprise: Within hours, the Fridley couple had fielded eight calls from mortgage companies pitching them on lower rates, better terms or a faster turnaround. This went on for two weeks. "It was like vultures around a dying animal," Ortman ... (Sun, 28 Jan 2007 07:31:27 GMT)

ProspectZone Announces Major MSN Media Buy to Generate More Quality Mortgage Leads For Originators
Today ProspectZone kicks off a month-long campaign to answer the growing demand for quality refinance leads and home equity leads nationwide. (PRWeb Jan 28, 2007) Post Comment:Trackback URL: http://www.prweb.com/dingpr.php/SGFsZi1Qcm9mLVByb2YtTG92ZS1NYWduLVplcm8= (Sun, 28 Jan 2007 08:10:19 GMT)

Homeowner on Social Security can give adjustable loan the boot
Question: Why did my adjustable rate mortgage go from 6.5% to 8.5% interest last month? It is tied to the 11th District cost of funds index. I will soon be 76 and owe only $74,500 on a house worth about $700,000. I doubt I would qualify to refinance because my income is only Social Security benefits and some small rental income. What should I do? (Sun, 28 Jan 2007 08:13:47 GMT)

Legislation makes mortgage fraud a felony
Utah is ranked No. 2 in mortgage fraud, a rating that a local legislator hopes his bill will change. House Bill 25 passed the House unanimously Friday and is now on its way to the Senate for consideration. Under provisions of the bill sponsored by Rep. (Sun, 28 Jan 2007 08:34:40 GMT)

More homeowners refinancing to tap equity
People looking to extract equity from their homes have increasingly been turning to cash-out refinancing, industry observers say. (Sun, 28 Jan 2007 09:02:47 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, 28 Jan 2007 10:32:55 GMT)

ProspectZone Announces Major MSN Media Buy to Generate More Quality Mortgage Leads For Originators
Chicago, IL (PRWeb) January 28, 2007 -- Today ProspectZone kicks off a month-long campaign to answer the growing demand for quality refinance leads and home equity leads nationwide. (Sun, 28 Jan 2007 12:00:00 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, 28 Jan 2007 12:21:30 GMT)

20 of Top 100 Mortgage Lenders Use QuestSoft for Compliance
TEMPE, Ariz.----QuestSoft, a provider of Home Mortgage Disclosure Act compliance solutions and geocoding services for brokers and lenders, serves 20 of the top 100 mortgage lenders. (Sun, 28 Jan 2007 13:30:00 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Sun, 28 Jan 2007 15:44:19 GMT)

Home equity loans rise as Kiwis spend
Reverse mortgage company Sentinel says it remains on a growth trajectory after Kiwi retirees taking home equity loans helped it to double its loan book to $179 million in 2006. (Sun, 28 Jan 2007 16:12:38 GMT)

Mortgage woes may hurt O.C. job market
Overall, real estate sector may feel like it's in 'a recession,' economist says. (Sun, 28 Jan 2007 16:46:18 GMT)

Police looking for help from victims of lawyers suspected in loan fraud
LAWRENCE - Police Chief John Romero has launched an investigation into mortgage broker scams, focusing on the involvement of local lawyers who he says took "under-the-table money" from home buyers who got duped into taking out loans they couldn't afford. (Sun, 28 Jan 2007 17:17:53 GMT)

Oxford take Cardiff tyro on loan
Oxford United bring in Cardiff midfielder Gregg Coombes on a month's loan. (Sun, 28 Jan 2007 17:24:24 GMT)

Comparing Mortgage Markets
Paul Kedrosky submits: Nice and eye-opening comparison in today's L.A. Times of cross-national differences in mortgage markets: Canada: Mortgages rarely have rates that are fixed for more than five years. (Sun, 28 Jan 2007 17:45:32 GMT)

HOME CALENDAR
Home Buying Seminar for Single Women: Get tips on how to get prequalified for a loan. 7 p.m. Tue. at the Livonia Civic Center Library, 32777 Five Mile Road, Livonia. Free. Call Marcia Hermann at 734-452-1084 for reservations. (Sun, 28 Jan 2007 19:34:58 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. (Sun, 28 Jan 2007 20:20:08 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, 28 Jan 2007 20:35:08 GMT)

Consider your 'break-even point' before refinancing a mortgage
Our personal-finance expert tracks down the answers you need. (Sun, 28 Jan 2007 21:42:18 GMT)

• Condo Mortgage Financing the Option ARM Way
With the condo market apparently showing signs of slowing down, a systematic strategy for reviving activity is having affordable condo mortgage financing available to prospective buyers. An issue for many homeowners is in managing monthly income and expenses, or “cash flow” in general. (Sun, 28 Jan 2007 21:43:25 GMT)

Church pays off mortgage with donation
Christ Episcopal Church earlier today made public the name of the man who donated $500,000, enabling the church to pay off its mortgage. Members of the church at 415 Washington St. gave parishioner Jack Kendrick a standing ovation, and many had tears in their eyes when the mortgage was burned in a ceremony. Kendrick and his late wife, Anne, had been planning to give to the church for years, and ... (Sun, 28 Jan 2007 21:47:31 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, 29 Jan 2007 00:25:21 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. (Mon, 29 Jan 2007 00:26:32 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." (Mon, 29 Jan 2007 03:39:00 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? (Mon, 29 Jan 2007 05:07:30 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, 29 Jan 2007 05:08:40 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. (Mon, 29 Jan 2007 05:10:41 GMT)

New law meant to aid mortgage insurance biz
A new federal tax law that will allow many home buyers to deduct the cost of mortgage insurance is likely to give at least a short-term boost to the mortgage insurance industry, although some observers say limitations written into the law may keep a good number of consumers from seeing much benefit. (Mon, 29 Jan 2007 05:22:09 GMT)

Wells Fargo mortgage unit to cut 22 Bay State jobs
In yet another sign that Massachusetts' housing market is in the midst of a correction, Wells Fargo Home Mortgage has notified the state that it will lay off 22 people, or roughly 7 percent of its local work force, by Feb. 9. (Mon, 29 Jan 2007 06:05:04 GMT)

Uganda: Stanbic Bank to Join Mortgage Business
STANBIC Bank plans to offer mortgage and lease financing, the management announced at the bank's first day of trading on the Uganda Securities Exchange on Thursday. (Mon, 29 Jan 2007 06:56:21 GMT)

Home Refinance Popular When Mortgage Interest Rates Drop, According to ChristiaNet Poll
Home refinance such as home loan refinancing, mortgage interest rates, equity loans, bad credit lenders and debt consolidations are some of the home refinance related articles at http://www.christianet.com/homerefinance/. (PRWeb Jan 29, 2007) (Mon, 29 Jan 2007 08:02:16 GMT)

Realty Bites:
Default notices continue to rise, a statewide mortgage association is warning homeowners about refinancing to pay off holiday debt and a large real estate company is reaching out to Spanish speakers. (Mon, 29 Jan 2007 08:06:00 GMT)

Home Equity Loan Broker Awarded Preferred Mortgage Broker Status for Second Consecutive Year from IHE
For the second consecutive year, BD Nationwide Mortgage Company was awarded "Preferred Broker" Status from Irwin Home Equity for home equity loans and 125% second mortgages. IHE announced last week that BD Nationwide was extended this award for their exceptional level of expertise for home equity loan origination. The preferred status gives BD Nationwide a significant edge because they are one of ... (Mon, 29 Jan 2007 08:34:25 GMT)

Interest-only home loan
Bank of Valletta is offering a home loan product through which the customer is only asked to repay interest during the term of the loan. (Mon, 29 Jan 2007 09:28:32 GMT)

HSBC first to launch accident, sickness and unemployment credit insurance on home loans
HSBC Malta recently announced the launch of a new credit insurance policy to cover home loan repayments. This new home loan insurance product is another new proposition from HSBC and first for Malta. (Mon, 29 Jan 2007 09:38:28 GMT)

Church's mortgage goes up in smoke
Initially, Jack Kendrick, who gave Christ Episcopal Church $500,000 to pay off its mortgage, wanted to do so anonymously. (Mon, 29 Jan 2007 09:43:09 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, 29 Jan 2007 10:33:15 GMT)

ResCap Mortgage Unit Coming Back to Haunt GM
GM's announcement last Thursday that it is delaying its Q4 earnings report illustrates the effect the travails of the U.S. mortgage market have had on GMAC Financial Services, a lending unit GM divested in November. (Mon, 29 Jan 2007 10:45:06 GMT)

Mortgage of the Week
The Bank of Scotland is offering a fixed rate deal until 28 February 2009, at a rate of 5.19%, reverting to the standard variable rate for the remaining term of the mortgage, currently 7.5%. The overall cost for comparison is 7.4% APR. An Early Repayment Charge is payable if you repay all or part of the mortgage during the fixed rate period. (Mon, 29 Jan 2007 10:47:42 GMT)

Hong Kong mortgage loans seen growing 5 pct in 2007 - Merrill Lynch
HONG KONG (XFN-ASIA) - Mortgage loans in Hong Kong may grow 5 pct this year, after contracting by 0.7 pct in 2006, as consumer confidence is forecast to improve and banks are likely to continue pricing their loans aggressively, Merrill Lynch. (Mon, 29 Jan 2007 11:09:01 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Mon, 29 Jan 2007 11:19:06 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? (Mon, 29 Jan 2007 11:45:13 GMT)

Mortgage Consolidation Gains Steam - Mortgage Industry Insider from MortgageDaily.com
A wave of consolidation currently sweeping the mortgage industry was thrust into high gear when speculation arose last week about an acquisition involving the biggest U.S. residential lender, according to coverage from MortgageDaily.com -- the dominant source of online news for the mortgage industry. (Mon, 29 Jan 2007 12:00:00 GMT)

Home Equity Loan Broker Awarded Preferred Mortgage Broker Status for Second Consecutive Year from IHE
(PRWeb) January 29, 2007 -- For the second consecutive year, BD Nationwide Mortgage Company was awarded "Preferred Broker" Status from Irwin Home Equity for home equity loans and 125% second mortgages. (Mon, 29 Jan 2007 12:00:00 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, 29 Jan 2007 12:22:32 GMT)

• Steps in Optimizing Search Engine for Mortgage Companies
In today’s world of e-business applications through search engine optimization, or SEO, mortgage companies need to adapt to this cutting-edge technology in order to keep abreast with the times and put its head up in the muddle. (Mon, 29 Jan 2007 14:18:25 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." (Mon, 29 Jan 2007 16:52:19 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. (Mon, 29 Jan 2007 20:17:05 GMT)

UPDATE: Kara Homes gets OK for $2.4 million loan
A bankruptcy court judge today approved another $2.4 million in financing to Kara Homes Inc. to keep the company afloat for several more weeks. Judge Michael B. Kaplan approved a loan from Plainfield Asset Management LLC and said the home builder has made significant progress in its reorganization. "There' been progress in this case,'' Kaplan said. "It may not be readily apparent. You don't have ... (Mon, 29 Jan 2007 20:17:41 GMT)

Federal Home Loan Bank of Seattle Declares Fourth Quarter 2006 Dividend of $2.2 Million
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 on average stock outstanding during the fourth quarter of 2006. (Tue, 30 Jan 2007 01:16:00 GMT)

A kinder home loan recovery process on cards?
True, public sector banks are known to be more accommodating -- given their genesis, legacy and work ethos -- than the private sector banks, which do at times employ recovery agencies to deal with sticky defaults. (Tue, 30 Jan 2007 07:17:20 GMT)

Local lawyer, business owner fight fax spam
Like many business owners, Rich Frank is annoyed by the unsolicited faxes that arrive at his store daily from people trying to sell him something. They advertise vacations, health care products, mortgage refinancing -- virtually everything. (Tue, 30 Jan 2007 07:37:00 GMT)

Professional Financial Associates Offers Hot, New Ideas For Home Based Business Owners
Ideas for home based business boom as entrepreneurs take advantage of new financial loan broker opportunities as financial consultants. Compete training in this exciting field is now available. (PRWeb Jan 30, 2007) Post Comment:Trackback URL: http://www.prweb.com/zingpr.php/VGhpci1QaWdnLVNxdWEtWmV0YS1NYWduLVplcm8= (Tue, 30 Jan 2007 08:06:14 GMT)

Free Video Shows How To Get Rid Of Your Home Mortgage In As Little As 5-11 Years And How To Be Your Own Bank, Saving ...
In a free video at PDXLoan.com the mortgage accelerator concept of using a flexible mortgage account that banks don't want you to know is explained. Learn how to pay off your mortgage years earlier, paying tens of thousands less in interest. With the mortgage accelerator, homeowners can learn to maximize their income and become their own bank. (PRWeb Jan 30, 2007) Post Comment:Trackback URL: ... (Tue, 30 Jan 2007 08:13:54 GMT)

Mortgage lending at record, approvals weaken
Mortgage lending notched its strongest gain in December since records began in 1993, but approvals for new mortgages -- a forward-looking indicator -- showed their weakest rise since April, official data showed on Tuesday. (Tue, 30 Jan 2007 10:04:47 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, 30 Jan 2007 11:19:37 GMT)

Free Video Shows How To Get Rid Of Your Home Mortgage In As Little As 5-11 Years And How To Be Your Own Bank, Saving ...
Portland, OR (PRWeb) January 30, 2007 -- Mortgage education website PDXLoan. (Tue, 30 Jan 2007 12:00:00 GMT)

Countrywide's Profit Falls 2.7 Percent as Mortgage Demand Wanes
Jan. 30 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, said fourth-quarter earnings fell 2.7 percent as a cooling housing market damped demand for home loans. (Tue, 30 Jan 2007 13:23:31 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. (Tue, 30 Jan 2007 14:50:24 GMT)

Countrywide's Profit Falls as Mortgage Demand Wanes (Update3)
Jan. 30 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, said fourth-quarter profit fell 2.7 percent and forecast that weaker home sales will keep 2007 profit at the low end of analysts' estimates. (Tue, 30 Jan 2007 15:04:18 GMT)

Realty Bites:
Default notices continue to rise, a statewide mortgage association is warning homeowners about refinancing to pay off holiday debt and a large real estate company is reaching out to Spanish speakers. (Tue, 30 Jan 2007 15:34:16 GMT)

Refinance.com the Leader in Internet Mortgage Refinancing to Expand Presence in NYC at 55 East 59th Street
America's authority in home refinancing, Refinance.com, a mortgage banker licensed to do business in 40 states and growing, is expanding its New York City location. (Tue, 30 Jan 2007 15:44:00 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, 30 Jan 2007 16:20:36 GMT)

Another loan for Kara approved by judge
Kara Homes Inc. won another reprieve Monday when a bankruptcy court judge approved a $2.4 million loan from a hedge fund, allowing the home builder to stay afloat for several more weeks. Kara will use the loan for administrative expenses to devise a plan to complete its unfinished developments and, eventually, emerge from bankruptcy. "There's been progress in this case," Judge Michael B. Kaplan ... (Tue, 30 Jan 2007 16:46:09 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? (Tue, 30 Jan 2007 16:48:37 GMT)

Expert Available on Protecting Financial Institutions from ARM Reset Losses
JACKSONVILLE, Fla.----XSell LLC: What: With nearly $1 trillion in adjustable rate mortgages set to reset this year, consumers holding these loans are bracing themselves to absorb up to a 25 percent increase in their monthly mortgage payments, creating a serious need for financial institutions to reach their customers with the appropriate solutions before they become delinquent or refinance with ... (Tue, 30 Jan 2007 17:03:00 GMT)

eXpertivity Mortgage Solutions Appoints J. Thomas Monica as Its New Operations Manager
eXpertivity Mortgage Solutions Corp., aleading national provider of mortgage loan processing services, announcedthat it has appointed Mr. J Thomas Monica as its Operations Manager.Mr. Monica will lead eXpertivity's global Mortgage Processing centers andwill operate out of eXpertivity's New Jersey headquarters. Mr. Monica hasover ten years of residential mortgage experience specializing ... (Tue, 30 Jan 2007 17:10:01 GMT)

State suspends Mortgage Lenders' license
HARTFORD - The state Department of Banking suspended the mortgage broker licenses of Mortgage Lenders Network USA Inc. Tuesday, pending the outcome of a hearing on the department's intent not to renew the lender's licenses. (Tue, 30 Jan 2007 17:52:30 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Tue, 30 Jan 2007 19:07:06 GMT)

‘Loan’ didn’t save couple
OMAHA (AP) — After Ivan Eicher lost his job, he and his wife Delores fell several months behind on their house payments. Facing foreclosure, they accepted an offer from a company that promised to help them keep the home where they’d lived for more than 20 years. (Tue, 30 Jan 2007 19:08:34 GMT)

Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Tue, 30 Jan 2007 19:17:08 GMT)

Conn. Suspends Mortgage Firm's Lending License
The state Department of Banking on Tuesday suspended the lending licenses of an embattled mortgage firm that is under investigation for failing to provide funding for customers whose mortgage loans had already closed. The suspension comes 11 days after the Banking Department and several other states ordered Mortgage Lenders Network to cease illegal activities and announced millions of dollars in ... (Tue, 30 Jan 2007 20:15:00 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, 30 Jan 2007 20:32:27 GMT)

State Orders Firm To Stop Mortgage Lending
The state Department of Banking on today suspended the lending licenses of an embattled mortgage firm that is under investigation for failing to provide funding for customers whose mortgage loans had already closed. (Tue, 30 Jan 2007 20:44:20 GMT)

Mortgage Firm Ordered To Stop Lending
The state Department of Banking on Tuesday suspended the lending licenses of an embattled mortgage firm that is under investigation for failing to provide funding for customers whose mortgage loans had already closed. (Tue, 30 Jan 2007 20:45:38 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, 31 Jan 2007 01:03:36 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, 31 Jan 2007 01:05:47 GMT)

Mortgage gaps to limit property sector growth
DUBAI — The slow growth of the mortgage industry in the UAE is likely to constrain the property sector demand in the short to medium term, according to industry analysts. (Wed, 31 Jan 2007 02:45:35 GMT)

New Buyers Bonus Mortgage Program Allows Home Buyers to Skip Their First 6 Mortgage Payments
ATLANTA, GA (PRWeb) January 31, 2007 -- Katz Mortgage Team, www. (Wed, 31 Jan 2007 07:00:00 GMT)

New Buyers Bonus Mortgage Program Allows Home Buyers to Skip Their First 6 Mortgage Payments
Katz Mortgage Team, www.katzmortgageteam.com/about.html, of Amtrust Mortgage Corporation, is pleased to offer a revolutionary new loan program called "Buyers Bonus" Mortgage Program, allowing new homebuyers to delay making their mortgage payments for up to 6 months. This loan can be used to purchase new construction or previously occupied houses and can be combined with 100% financing on fixed or ... (Wed, 31 Jan 2007 08:20:04 GMT)

Resist costly tax refund loan deals
The big, green signs on the windows proclaim: "This year, you could save up to 40% on a refund anticipation loan -- when you put it on the new H&R Block Emerald Prepaid MasterCard." Sounds like quite a deal. But it was a deal that had little appeal for Dale Johnson. (Wed, 31 Jan 2007 08:36:24 GMT)

Home Mortgage Expert Explains Why Using an Online Mortgage Lender Can Help Borrowers Save in New Consumer Column
Peter G. Miller says finding a home mortgage through an online mortgage lender is the key to saving money. In his latest consumer column on Mortgage-Lenders-Plus.com, he lists the top-10 benefits of finding a loan on the Internet. (PRWeb Jan 31, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/U3F1YS1GYWx1LUluc2UtWmV0YS1NYWduLVplcm8= (Wed, 31 Jan 2007 08:40:32 GMT)

Economist paints rosy mortgage-rate picture
Mortgage rates have been edging up for weeks, but consumers should not worry about rates escalating further this year, a well-known Utah economist said Tuesday. In fact, rates for 30-year mortgages could ease a bit going into the prime home-buying season of spring and summer - perhaps even falling below 6 percent, said Jeff Thredgold, a Zions Bank consultant. Thredgold spoke Tuesday at the ... (Wed, 31 Jan 2007 09:01:39 GMT)

Lessons from first home, loan pay off
Like most everyone, I'll never forget my first. We had some great times together. Music and dinners and fun with friends. My first was also my longest relationship. (Wed, 31 Jan 2007 09:11:32 GMT)

Couple first to get loan to build on tribal land
MASHANTUCKET --A tribal family Tuesday signed the first mortgage from a local bank to build a house on the Mashantucket Pequot reservation, a milestone in the history of home ownership on any American Indian reservation. (Wed, 31 Jan 2007 09:14:21 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, 31 Jan 2007 10:34:26 GMT)

Fremont stops working with 8,000 mortgage brokers
Fremont Investment & Loan of Brea cut ties last year with about 8,000 mortgage brokers whose loans had some of the highest rates of default, Reuters reported Tuesday. (Wed, 31 Jan 2007 11:03:13 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, 31 Jan 2007 11:19:28 GMT)

Mortgage repossessions leap 65%
11.15am: Council of Mortgage Lenders predicts further rise in 2007 due to higher interest rates. (Wed, 31 Jan 2007 11:28:38 GMT)

Federal Home Loan Bank of Pittsburgh licenses IT&e risk technology
IT&e (ASX code: 'ITE' AIM: 'ITEL'), a leading provider of financial software and consulting services to the global financial markets, is pleased to announce that the Federal Home Loan Bank ... (Wed, 31 Jan 2007 11:29:57 GMT)

Mortgage repossessions leap 65%
Mortgage repossessions leapt 65% last year to 17,000, the Council of Mortgage Lenders said today as it predicted a further rise this year on the back of higher interest rates. (Wed, 31 Jan 2007 11:51:01 GMT)

Mortgage repossessions leap 65%
Council of Mortgage Lenders predicts further rise this year on back of higher interest rates. (Wed, 31 Jan 2007 11:54:39 GMT)

Mortgage applications rise 3.2%
WASHINGTON (MarketWatch) -- The number of applications for mortgage loans filed with major U.S. banks increased by a seasonally adjusted 3.2% last week compared with a week earlier, the Mortgage Bankers Association reported Wednesday. (Wed, 31 Jan 2007 12:09:16 GMT)

Springboard jumps into mortgage market
A joint venture set up by Irish Life & Permanent and Merrill Lynch has begun offering products in the mortgage market. Springboard Mortgages is targeting the specialist mortgage market, which caters for people who have problems securing loans from traditional banks or building societies. (Wed, 31 Jan 2007 12:12:01 GMT)

Mortgage Activity Rebounds
(RTTNews) - The volume of mortgage loan applications rebounded in the most recent week, helped by an improvement in refinancing activity. Purchase activity also picked up during the period. (Wed, 31 Jan 2007 12:22:55 GMT)

Mortgage Applications Rise 3.2%
The number of applications for mortgage loans filed with major U.S. banks increased by a seasonally adjusted 3.2% last week from a week earlier, the Mortgage Bankers Association reported Wednesday. (Wed, 31 Jan 2007 12:38:16 GMT)

Mortgage applications rise, MBA says
Weekly index activity increases 3.2% as home purchases and refinancing pick up, industry trade group reports. (Wed, 31 Jan 2007 12:48:48 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, 31 Jan 2007 13:04:05 GMT)

Mortgage demand grows, even as the average 30-year mortgage rate rises
Applications for home mortgages increased last week as both home purchases and refinancing picked up despite a rise in fixed-rate mortgage rates, an industry group said Wednesday. (Wed, 31 Jan 2007 15:08:13 GMT)

Home loan rates likely to get costlier
After that credit policy review be prepared for a fifth round of home loan rate hike in just the last fourteen months. At least that's what most bankers are indicating despite the finance minister's assertion that home loan rates will not be affected immediately. (Wed, 31 Jan 2007 15:27:45 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, 31 Jan 2007 15:36:19 GMT)

Home lending rates rise, consumer loan rates fall in December
The average lending rate for home loans rose 19bp in December 2006 to 9.80%, while the average rate for consumer loans dropped 28bp to 16.90%, National Bank of Hungary (NBH) figures published on Wednesday show. (Wed, 31 Jan 2007 16:00:33 GMT)

Mortgage money available for Katrina victims
Approximately 450 Mississippi families, many in the state's six coastal counties, are eligible for special-rate mortgage lending now available to buy a home. (Wed, 31 Jan 2007 16:31:54 GMT)

Cost of your home loan set to rise
The RBI increased the repo rate on Wednesday, although HDFC says it won't hike rates for another three months. (Wed, 31 Jan 2007 16:52:10 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. (Wed, 31 Jan 2007 17:23:50 GMT)

Mortgage Applications Pick Up
The number of applications for home mortgages rose last week for both purchases and refinances. (Wed, 31 Jan 2007 17:27:15 GMT)

Prudential Mortgage Capital Company Announces Appetite for $12.5 Billion in 2007
On the heels of originating a record $11 billion in commercial mortgages in 2006, Prudential ( Nachrichten / Aktienkurs ) Mortgage Capital Company announced today that it has raised its appetite for business in 2007 to $12.5 billion in loans across its growing range of capital sources. (Wed, 31 Jan 2007 19:00:25 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. (Wed, 31 Jan 2007 19:22:35 GMT)

FDIC extends moratorium on industrial loan charter applications
The Home Depot Inc. will have to wait another year for a vote on its application to establish its own bank. (Wed, 31 Jan 2007 20:10:42 GMT)

FDIC extends moratorium on industrial loan charter applications
The Home Depot Inc., which has nine Orlando-area stores, will have to wait another year for a vote on its application to establish its own bank. (Wed, 31 Jan 2007 22:10:10 GMT)

Federal Home Loan Bank of San Francisco Releases December 2006 Cost of Funds Index
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco announced January 31, 2007, that the 11th District Monthly Weighted Average Cost of Funds Index for December 2006 is 4.396%. (Wed, 31 Jan 2007 23:11:00 GMT)

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