Mortgage News Feb 2007
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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, 05 Feb 2007 11:18:16 GMT)
Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Mon, 05 Feb 2007 11:19:26 GMT)
Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Mon, 05 Feb 2007 11:25:05 GMT)
Subprime Storm Isn't Over - Mortgage Industry Insider from MortgageDaily.com
The subprime sector still has another year of tough times ahead, according to coverage from http://www.MortgageDaily.com -- the dominant source of online news for the mortgage industry. (Mon, 05 Feb 2007 12:00:00 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, 05 Feb 2007 12:02:41 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, 05 Feb 2007 12:21:38 GMT)
Getting a Mortgage with Bad Credit
(ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. (Mon, 05 Feb 2007 12:21:48 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. (Mon, 05 Feb 2007 12:21:58 GMT)
Financial Insights Warns Home Equity Lenders May Face Millions in Fraud Losses
FRAMINGHAM, Mass.----Leading independent research and advisory firm, Financial Insights, an IDC company, today announced the release of a report examining the results of new research into emerging fraud within home equity loan portfolios. (Mon, 05 Feb 2007 13:00:00 GMT)
Schofield keeping tabs on loan rangers
First team coach John Schofield insists he will keep tabs on the club’s players out on loan, insisting they’re very much a part of the club. (Mon, 05 Feb 2007 13:00:02 GMT)
Is it Time to Refinance Your Car?
(ARA) - Do you end every month with barely enough cash to pay the bills, and sometimes have to tap into your savings to get by? If so, it's time to re-evaluate your spending habits. (Mon, 05 Feb 2007 13:06:16 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, 05 Feb 2007 13:07:17 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? (Mon, 05 Feb 2007 13:07:27 GMT)
UPDATE: Indian Banks Assure Government To Hold Home Loan Rates
NEW DELHI -(Dow Jones)- State-run Indian banks Wednesday assured the government that they won't increase interest rates on home loans, a move seen as helping to sustain consumer demand for houses and economic growth. (Mon, 05 Feb 2007 13:08:26 GMT)
CASHING OUT
People looking to extract equity from their homes have increasingly been turning to cash-out refinancing, industry observers say. A big reason that people are tapping their equity through refinancing comes down to dollars and cents, according to Amy Crews Cutts, deputy chief economist with Freddie Mac. (Mon, 05 Feb 2007 13:55:17 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, 05 Feb 2007 14:18:17 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, 05 Feb 2007 14:19:49 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? (Mon, 05 Feb 2007 15:07:47 GMT)
Subprime Storm Isn't Over - Mortgage Industry Insider from MortgageDaily.com
the dominant source of online news for the mortgage industry. (Mon, 05 Feb 2007 15:54:46 GMT)
Canada Mortgage Agency Says Home Starts to Drop Through 2008
Feb. 5 (Bloomberg) -- Canada's federal housing agency said home starts will decline this year because of higher prices and mortgage costs, and in 2008 will dip below 200,000 units for the first time in seven years. (Mon, 05 Feb 2007 16:01:37 GMT)
Man to be sentenced in mortgage scam
Edward Young will be sentenced today in federal court in a multimillion-dollar mortgage fraud scheme. (Mon, 05 Feb 2007 16:01:53 GMT)
Don’t raise home loan rates: FM to PSBs
Finance minister P Chidambaram, on Monday, asked public sector banks not to hike home loan rates. The finance minister has taken this line ahead of the state elections and he is confident banks will fall in line. (Mon, 05 Feb 2007 16:12:51 GMT)
Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Mon, 05 Feb 2007 16:19:37 GMT)
Chidambaram asks PSU banks not to raise home loan rates
New Delhi, Feb 5: Finance Minister P Chidambaram today asked state-owned banks not to raise interest rate on home loans and rebalance their loans to moderate credit growth to some sectors of the economy. (Mon, 05 Feb 2007 16:36:19 GMT)
Is it Time to Refinance Your Car?
(ARA) - Do you end every month with barely enough cash to pay the bills, and sometimes have to tap into your savings to get by? If so, it's time to re-evaluate your spending habits. (Mon, 05 Feb 2007 16:49:26 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." (Mon, 05 Feb 2007 18:16:09 GMT)
Mortgage Basics: Chapter 7 quiz
If you think you've mastered the material in chapter 7 of Mortgage Basics , take our quiz. After you click the "submit" button, the answers will appear below. (Mon, 05 Feb 2007 18:22:42 GMT)
Mortgage market, interest rates cut into NASB earnings
NASB Financial Inc. cited a “difficult mortgage lending environment” and pressure on interest rate spreads this morning for a 12.2 percent drop in fourth quarter earnings. (Mon, 05 Feb 2007 18:30:02 GMT)
No rise in home loan rates
Move follows finance minister's request to PSU banks. Home loan rates of public sector banks will not be raised following a request made by Finance Minister P Chidambaram at a performance review here today. (Mon, 05 Feb 2007 18:34:10 GMT)
St. Louis County couple charged with mortgage fraud
Anna and Mark Bonds were indicted on multiple charges involving a mortgage scheme, U.S. Attorney Catherine Hanaway said Friday. (Mon, 05 Feb 2007 19:15:19 GMT)
PSU banks freeze home loan rates
NEW DELHI/MUMBAI: If you were worried about mounting interest rates on the home loan you have taken or are planning to take, breathe easy — at least until March. (Mon, 05 Feb 2007 19:17:31 GMT)
Don't Forget to Tap Your Mortgage for Valuable Tax Deductions
(ARA) - If you're a homeowner, it's always a good idea to make sure you haven't missed any tax deductions. You may not be able to take all of these deductions, so please check with your tax advisor. (Mon, 05 Feb 2007 19:31:44 GMT)
Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Mon, 05 Feb 2007 19:32:53 GMT)
PSU banks agree to hold home loan rates
99 per cent recovery in the home loan segment, says FM (Mon, 05 Feb 2007 20:30:56 GMT)
FM asks PSU banks not to raise home loan rates
New Delhi, Feb 5 The Union Finance Minister, Mr P Chidambaram today asked state-owned banks not to raise interest rate on home loans and rebalance their loans to moderate credit growth to some sectors of the economy. (Mon, 05 Feb 2007 20:34:27 GMT)
Mortgage Lenders Files for Ch. 11
Mortgage Lenders Network USA Inc., which caters to borrowers with weak credit, filed for bankruptcy-court protection Monday, the latest in a string of subprime home-loan providers to be hit by slowing home sales and rising delinquencies. (Mon, 05 Feb 2007 20:59:20 GMT)
Home loans get breather, not credit cards
New Delhi, Feb. 5: Prospective home-loan seekers can breathe easy. But credit-card converts need to tighten the belt. (Mon, 05 Feb 2007 21:31:14 GMT)
Man receives 42 months in prison in mortgage fraud scheme
Edward Young was sentenced to 42 months in prison today in federal court for his part in a multimillion-dollar mortgage fraud scheme. (Mon, 05 Feb 2007 22:47:24 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. (Tue, 06 Feb 2007 00:03:40 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, 06 Feb 2007 00:05:00 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." (Tue, 06 Feb 2007 00:05:10 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. (Tue, 06 Feb 2007 01:33:17 GMT)
Rupert Jones: A terrible time to take out a mortgage - unless you're PM
The UK's chief financial watchdog is getting jumpy about the number of debt-happy Britons - but then Tony and Cherie Blair undid all the good work by taking on another mega-mortgage to buy their fifth property, says Rupert Jones. (Tue, 06 Feb 2007 02:03:44 GMT)
Mortgage Lenders Network files for bankruptcy
(New York-AP, Feb. 5, 2007 10:35 PM) _ The Middletown-based mortgage finance company filed for protection from a bankruptcy court Monday. (Tue, 06 Feb 2007 03:50:28 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, 06 Feb 2007 04:19:08 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, 06 Feb 2007 04:19:19 GMT)
Don't Forget to Tap Your Mortgage for Valuable Tax Deductions
(ARA) - If you're a homeowner, it's always a good idea to make sure you haven't missed any tax deductions. You may not be able to take all of these deductions, so please check with your tax advisor. (Tue, 06 Feb 2007 05:06:58 GMT)
FM asks banks not to hike home loan rates
Finance minister P Chidambaram on Monday asked public sector banks not to increase interest rates on home loans after the RBI hiked the repo rate by 25 basis points to 7.5%, its highest in four years. (Tue, 06 Feb 2007 05:38:38 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, 06 Feb 2007 06:08:39 GMT)
Auto Refinancing Puts Gas Money in Your Pocket
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. The price of a barrel of crude oil recently peaked at $77 dollars. (Tue, 06 Feb 2007 07:55:32 GMT)
Mortgage dispute leads to legal mess
WEST HAVEN — A mortgage dispute involving several West Haven and New Haven lawyers and a veteran city police commissioner has led to the suspension of one lawyer’s license to practice law while leaving another immersed in a struggle to recoup funds he is owed. (Tue, 06 Feb 2007 08:07:44 GMT)
Potential Homeowners Avoid Mortgage Loan Fraud with LoanPage.com Glossary Tool
The Words of the Week glossary tool at home loan resource site LoanPage.com offers a list of mortgage terms that can help consumers understand the mortgage loan process and avoid mortgage loan fraud. (PRWeb Feb 6, 2007) Post Comment:Trackback URL: http://www.prweb.com/zingpr.php/SGFsZi1JbnNlLUxvdmUtWmV0YS1NYWduLVplcm8= (Tue, 06 Feb 2007 08:09:07 GMT)
HSBC launches home loan repayment insurance
HSBC Malta announced the launch of a new credit insurance policy to cover home loan repayments. When an individual takes out a home loan, it is essential to take into consideration the... [[ This is a content summary only. Visit MaltaMedia.com for full news, links, and other content. ]] (Tue, 06 Feb 2007 08:32:46 GMT)
StanChart confident of higher mortgage growth in FY07
Standard Chartered Bank Malaysia Bhd (StanChart) is confident its mortgage growth this year will be better than that of its previous financial year ended Dec 31, 2006, its country head for consumer banking Shyam Srinivasan said. (Tue, 06 Feb 2007 10:38:17 GMT)
Mortgage Trust launches BTL fixes
Mortgage Trust has launched a number of buy-to-let (BTL) fixed rate products across its MT Select and core ranges. (Tue, 06 Feb 2007 11:03:23 GMT)
StanChart sees 2007 as a year of growth for mortgage segment
KUALA LUMPUR: Standard Chartered Bank Malaysia Bhd (StanChart) sees 2007 as a year of growth for its mortgage segment, given the favourable economic factors such as stable interest rates, healthy gross domestic product growth and good overall market sentiment. (Tue, 06 Feb 2007 11:14:36 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, 06 Feb 2007 11:18:17 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, 06 Feb 2007 11:21:35 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. (Tue, 06 Feb 2007 11:37:27 GMT)
Troubled Conn. mortgage firm seeks bankruptcy protection
MIDDLETOWN, Conn. Mortgage Lenders Network is seeking bankruptcy protection as it tries to keep afloat. (Tue, 06 Feb 2007 11:39:41 GMT)
DSL Bank signs agreement on KfW global loan worth EUR 700 million for private home owners
Frankfurt (ots) - This year DSL Bank will be providing private housing loans backed with KfW funds. To this end Deutsche Postbank AG, of which DSL Bank is a division, and KfW Bankengruppe signed their first global housing loan agreement for ... (Tue, 06 Feb 2007 11:45:06 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, 06 Feb 2007 11:46:27 GMT)
Potential Homeowners Avoid Mortgage Loan Fraud with LoanPage.com Glossary Tool
(PRWeb) February 6, 2007 -- Mortgage loan fraud is on the rise, and that means homeowners need to educate themselves about mortgage terminology to avoid being victimized. (Tue, 06 Feb 2007 12:00:00 GMT)
Countrywide Home Loans Offers Options for Debt Consolidation: Reduce Monthly Debt Payments with a New Home Equity Loan ...
With the holidays behind us and the new year in full swing, now may be the right time to consider reducing monthly personal debt payments by refinancing an existing mortgage to a more favorable interest rate or loan term. (Tue, 06 Feb 2007 13:00:00 GMT)
Mortgage insurer MGIC to buy Radian for $5 bln
Mortgage insurer MGIC Investment plans to buy rival Radian Group Inc. for about $5 billion, the companies said on Tuesday, a move that will allow them to cut costs. (Tue, 06 Feb 2007 13:26:25 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. (Tue, 06 Feb 2007 14:20:45 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, 06 Feb 2007 14:20:55 GMT)
Federal Home Loan Bank of Atlanta to Award $2 Million for Housing in Georgia
ATLANTA, Feb. 6, 2007 -- Federal Home Loan Bank of Atlanta announced today that it will award $2 million in grants in Georgia to help pay for 261 affordable housing units. The funding is part of more than $20.9 million in grants and funding FHLBank Atlanta will award in 12 states and the District of Columbia. (Tue, 06 Feb 2007 14:44:48 GMT)
Federal Home Loan Bank of Atlanta to Award Nearly $7 Million for Housing in Florida
Federal Home Loan Bank of Atlanta announced today that it will award $6.9 million in grants and subsidies to developers in Florida for affordable housing projects. (Tue, 06 Feb 2007 14:54:00 GMT)
Mortgage insurer MGIC to buy Radian for $5.47 bln
Mortgage insurer MGIC Investment plans to buy rival Radian Group Inc. for about $5.47 billion, the companies said on Tuesday, a move that will allow them to cut costs amid shrinking demand that has been hurt further by a slowing housing market. (Tue, 06 Feb 2007 15:26:15 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, 06 Feb 2007 16:20:32 GMT)
Refinanced U.S. mortage amounts rise
Nearly nine in 10 refinanced U.S. mortgages owned by Freddie Mac were for higher loan amounts than the original mortgage balances, Freddie Mac said Tuesday.The biggest reason for refinancing was to get additional spending money, said Freddie Mac, formally the Federal Home Loan Mortgage Corp.The 84 percent fourth-quarter figure for mortgages refinanced with the No. 2 U.S. home funding company was ... (Tue, 06 Feb 2007 18:44:16 GMT)
Refinanced U.S. mortage amounts rise
Nearly nine in 10 refinanced U.S. mortgages owned by Freddie Mac were for higher loan amounts than the original mortgage balances, Freddie Mac said Tuesday. (Tue, 06 Feb 2007 18:50:17 GMT)
ICICI Bank hikes lending, home loan rates
Mumbai Feb. 6 ICICI Bank on Tuesday hiked interest rates on all advances including home loans by one percentage point. This comes just a day after the Finance Minister, Mr P. Chidambaram, asking public sector banks to keep interest rates on home loans untouched. (Tue, 06 Feb 2007 18:57:54 GMT)
Businessman pays off Alton church's mortgage
ALTON, Ill. An Alton church is praising the generosity of a businessman who gave it more than one-point-eight (m) million dollars in stock to pay off the church's mortgage. (Tue, 06 Feb 2007 19:38:52 GMT)
Countrywide Home Loans Offers Options for Debt Consolidation: Reduce Monthly Debt Payments with a New Home Equity Loan ...
Homeowners with significant amounts of personal debt may want to consider refinancing or taking out a home equity loan for debt consolidation. Countrywide(R) Home Loans, Inc., a member of the Countrywide family - America's #1 home loan lender(1) - provides a variety of options for consumers searching for ways to reduce their monthly debt payment amounts, including opening a home equity line of ... (Tue, 06 Feb 2007 19:45:00 GMT)
Sonnenblick-Eichner Company Arranges $25 Million of First Mortgage Financing for the Los Angeles Media Tech Center
Sonnenblick-Eichner Company announced todaythat it has arranged $25,000,000 of first mortgage financing for aportfolio of four office/warehouse buildings located within the Los AngelesMedia Tech Center Business Park in Los Angeles, California. The 5-yearfixed rate financing, provided by a Wall Street investment bank, was pricedin the low 100 basis point range over the corresponding treasury. The ... (Tue, 06 Feb 2007 20:08:55 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, 06 Feb 2007 20:10:36 GMT)
Scotiabank Loses Mortgage Dispute With Ontario Fraud Victim
Feb. 6 (Bloomberg) -- Bank of Nova Scotia lost a dispute with a mortgage-fraud victim as Ontario's highest court ruled that banks are obliged to determine that they are lending to a property's rightful owner. (Tue, 06 Feb 2007 21:01:37 GMT)
Day after FM asks public banks to hold on, ICICI first to hike home loan rate
A day after public sector banks agreed to the Finance Minister's call to stick to the current interest rates, market leader ICICI Bank today hiked the rates on home loans by one percentage point. For existing floating rate customers, the increase in floating reference rate (FRR) by 1 percentage point will be effective from the respective reset dates. "The existing fixed rate customers whose ... (Tue, 06 Feb 2007 22:01:43 GMT)
Mortgage Lenders files for bankruptcy
A Connecticut-based mortgage company that had been aggressively expanding across the country just months ago is seeking bankruptcy court permission to liquidate. (Tue, 06 Feb 2007 22:20:43 GMT)
StanChart sees higher mortgage growth this year
KUALA LUMPUR: Standard Chartered Bank Malaysia Bhd (StanChart) sees 2007 as a year of growth for its mortgage segment, given the favourable economic factors such as stable interest rates, healthy gross domestic product growth and good overall market sentiment. (Tue, 06 Feb 2007 23:31:45 GMT)
Mortgage firm lays blame at states
Mortgage Lenders Network USA Inc., a provider of home loans to people with poor credit, said it was forced into bankruptcy because regulators in nine states, including Rhode Island, ordered the company to stop writing new loans. (Wed, 07 Feb 2007 00:42:51 GMT)
Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Wed, 07 Feb 2007 01:02:28 GMT)
Mortgage Bankers rank loan servicers
The Mortgage Bankers Association (MBA) released its annual ranking of commercial and multifamily loan servicers as of the end of 2006. (Wed, 07 Feb 2007 02:33:05 GMT)
Mortgage Bankers honor Huntress at CREF
Jack Huntress, executive vice president of sales and product development at iTAG-PARCEL Inc., a division of Jacques Whitford, was awarded the Staff Appreciation Award Monday by the Mortgage Industry Standards Maintenance Organization Inc. (MISMO), a not-for-profit subsidiary of the Mortgage Bankers Association. (Wed, 07 Feb 2007 02:33:37 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, 07 Feb 2007 03:38:19 GMT)
Guilty pleas expected in mortgage fraud trial
— The four defendants in a federal mortgage fraud trial that was set for Tuesday morning are now expected to plead guilty to some charges, according to court officials. (Wed, 07 Feb 2007 04:02:58 GMT)
THE TURNPIKE: 'Mortgage' could fund its own future
Now that Gov. Ed Rendell wants to lease the nation's original superhighway, the Pennsylvania Turnpike Commission itself will be one of the suitors. Turnpike CEO Joseph Brimmeier said yesterday the commission proposes taking out a second mortgage on its assets to raise the money the state wants. (Wed, 07 Feb 2007 05:13:30 GMT)
Misleading mortgage draws claims
WASHINGTON -- With college costs looming for their four children, Bryan and Susan Andrews were looking to cut monthly expenses, and the sales pitch that came in the mail seemed perfect: a mortgage at 1.95 percent, fixed for five years. (Wed, 07 Feb 2007 08:08:02 GMT)
Top mortgage insurer buys industry's No. 3
MGIC Investment Corp. , the largest U S mortgage insurer, will buy number three Radian Group Inc. for $4.9 billion in stock to reduce computer and salary expenses in a stagnating market. (Wed, 07 Feb 2007 09:37:29 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, 07 Feb 2007 11:19:16 GMT)
New York Mortgage Trust Enters Into Definitive Agreement to Sell its Retail Mortgage Banking Platform Assets to IndyMac ...
NEW YORK, Feb. 7 /PRNewswire-FirstCall/ -- New York Mortgage Trust, Inc. ("NYMT" or the "Company") today announced that, as a part of its previously announced exploration of its strategic alternatives, it has entered into a definitive agreement to sell certain assets of the retail mortgage banking platform of its wholly owned taxable REIT subsidiary, The New York Mortgage Company, LLC ("NYMC"), ... (Wed, 07 Feb 2007 12:18:09 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, 07 Feb 2007 12:21:28 GMT)
Weekly mortgage applications dip 0.2%
WASHINGTON (MarketWatch) -- The number of applications for mortgage loans filed with major U.S. banks decreased by a seasonally adjusted 0.2% last week compared with a week earlier, the Mortgage Bankers Association reported Wednesday. (Wed, 07 Feb 2007 12:39:29 GMT)
Website Highlights Benefits Of Private Mortgage Insurance
Mortgage Insurance Companies of America recently launched a colorful and interactive new website - www.PrivateMI.com - featuring images and information designed to raise awareness of the benefits of private mortgage insurance (Wed, 07 Feb 2007 12:54:49 GMT)
Mortgage applications tumble, MBA says
Weekly index activity falls 0.2%, reflecting weaker demand for home purchase loans as interest rates decline, industry trade group reports. (Wed, 07 Feb 2007 13:03:48 GMT)
A Mortgage Marriage Made in Heaven?
The clubby world of U.S. mortgage insurers received a jolt on Feb. 6 from news that the industry's No. 1 player, MGIC Investment , agreed to acquire rival Radian Group in a stock deal valued at around $4.9 billion. Shares of both outfits shot higher after the deal was announced. (Wed, 07 Feb 2007 13:08:41 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. (Wed, 07 Feb 2007 13:11:02 GMT)
Banks seek FM's clarification on loan rates
The Finance Minister laid down the rules on home loan rates to PSU banks but bankers are looking for ways to interpret the rules to their own advantage. (Wed, 07 Feb 2007 15:13:22 GMT)
Fitch Rates ABSC Home Equity Loan Trust, $691MM Series RFC 2007-HE1
NEW YORK----Fitch rates Asset Backed Securities Corp. Home Equity Loan Trust, $691 million asset-backed pass-through certificates, series RFC 2007-HE1, as follows: $549.68 million classes A1A, A1B and A2 through A5 'AAA', $27.56 million class M1 'AA+', $25.44 million class M2 'AA+', $14.48 million class M3 'AA', $13.07 million class M4 'AA-', $12.36 million class M5 'A+', $11.31 million class M6 ... (Wed, 07 Feb 2007 15:33:00 GMT)
New York Mortgage Sells Retail Bank
New York Mortgage Trust Inc. said Wednesday it agreed to sell its retail mortgage banking business to the second-biggest U.S. mortgage lender, Pasadena, Calif.-based IndyMac Bancorp, for $13.4 million. (Wed, 07 Feb 2007 15:57:08 GMT)
Home loan demand drops despite decline in mortgage interest rates
Mortgage applications dropped last week, reflecting weaker demand for home purchase loans even as interest rates fell, an industry trade group said Wednesday. (Wed, 07 Feb 2007 16:27:45 GMT)
Australia's Home-Loan Approvals Probably Gained in December
Feb. 8 (Bloomberg) -- Australia's home-loan approvals probably rose in December for the first time in five months as surging jobs growth buoyed home-buyers' confidence. (Wed, 07 Feb 2007 18:59:14 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, 07 Feb 2007 19:16:04 GMT)
Ex-mortgage exec sentenced to 20 years
The former top executive of a mortgage lending company was sentenced Wednesday to 20 years in prison for his role in defrauding 8,000 investors of millions of dollars. (Wed, 07 Feb 2007 19:54:09 GMT)
Time to pay off your home loan?
NEW DELHI: ICICI Bank's latest hike in home loan interest rates was probably accompanied by a round of groans from those who now face the prospect of paying even larger EMIs. (Wed, 07 Feb 2007 20:17:21 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, 07 Feb 2007 20:20:38 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, 07 Feb 2007 20:21:49 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, 07 Feb 2007 20:49:44 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, 07 Feb 2007 21:01:02 GMT)
Mortgage refinancing difficulties have started pushing homeowners on the edge – foreclosed homes a new investment ...
The homeowners are finding it difficult to refinance. The flattening home prices does not allow the price appreciation that the home owners are accustomed with. (Thu, 08 Feb 2007 06:29:38 GMT)
LendingTree.com Shares How Refinancing Your Auto Loan Can Save You Money
People usually do not think twice about refinancing a home loan to save money. But fewer people think to refinance their auto loan if they're unhappy with it. (Thu, 08 Feb 2007 07:01:00 GMT)
LendingTree.com Shares How Refinancing Your Auto Loan Can Save You Money
People usually do not think twice about refinancing a home loan to save money. But fewer people think to refinance their auto loan if they're unhappy with it. (PRWeb Feb 8, 2007) Post Comment:Trackback URL: http://www.prweb.com/chachingpr.php/TG92ZS1Mb3ZlLUZhbHUtWmV0YS1NYWduLVplcm8= (Thu, 08 Feb 2007 08:34:17 GMT)
Mortgage rates reverse course, drop sharply
Mortgage rates dropped dramatically this week in an abrupt shift following a two-month rise, according to Bankrate's weekly survey. (Thu, 08 Feb 2007 11:00:00 GMT)
Mortgage company lays off area workers
About 100 employees for Mortgage Lenders Network USA in Oak Brook were laid off as the home loan provider charged too little interest on $600 million in loans and filed bankruptcy on Monday. Mortgage Lenders laid off the workers on Jan. 19, according to a state filing released this week. (Thu, 08 Feb 2007 12:20:13 GMT)
Bankrate: Mortgage Rates Drop on Fewer Inflation Worries
NEW YORK, Feb. 8 /PRNewswire-FirstCall/ -- Mortgage rates dropped for the first time in two months, with the average 30-year fixed mortgage rate falling to 6.31 percent. This more than reverses the previous week's increase. (Thu, 08 Feb 2007 12:46:09 GMT)
ICICI Bank justifies loan rate hike
Despite the Finance Minister asking public sector banks not to hike home loan rates, top private sector lender ICICI Bank, accounting for 30 per cent of home loans, has said all lenders would have to increase rates for their own survival. (Thu, 08 Feb 2007 13:47:20 GMT)
HSBC hikes provisions for mortgage defaults by 20%
NEW YORK - HSBC Holdings Plc said it's setting aside 20 percent more than analysts estimated for loan losses in 2006 because the company's U.S. mortgage business is deteriorating. (Thu, 08 Feb 2007 13:57:07 GMT)
Banks have to raise home loan rates to survive: ICICI Bank
Mumbai, Feb 8: Despite the Finance Minister asking public sector banks not to hike home loan rates, top private sector lender ICICI Bank, accounting for 30 per cent of home loans, has said all lenders would have to increase rates for their own survival. (Thu, 08 Feb 2007 15:33:25 GMT)
Strong economy, lozw mortgage rates helped propel housing starts in
OTTAWA (CP) - Housing starts in January jumped to an annual rate of 249,300 in January from 212,600 in December, propelled by a strong economy and low mortgage rates. (Thu, 08 Feb 2007 16:39:00 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? (Thu, 08 Feb 2007 16:49:50 GMT)
Mortgage rates fall slightly this week
SAN FRANCISCO (MarketWatch) -- Mortgage rates fell slightly in the week ending Thursday, as employment news halted a recent upward trend, according to Freddie Mac. (Thu, 08 Feb 2007 17:39:25 GMT)
Mortgage rates fall slightly this week
Mortgage rates fell slightly in the week ending Thursday, as employment news halted a recent upward trend, according to Freddie Mac. (Thu, 08 Feb 2007 17:44:39 GMT)
Freddie Mac sees mortgage rates steady all year
Long-term mortgage rates drifted lower this week, and Freddie Mac forecasts little change in rates through the end of the year. (Thu, 08 Feb 2007 18:44:39 GMT)
Mortgage rates dip on weak job growth
Moderate job growth numbers, along with a slight bump in the unemployment rate, pushed mortgage rates down slightly in the past week, according to a survey released Thursday. (Thu, 08 Feb 2007 18:48:48 GMT)
Mortgage Rates Drop on Employment News
(AP) -- Freddie Mac says news of employment gains helped send long-term mortgage rates lower. The mortgage giant says the average for the 30-year fixed-rate loan dropped to 6.28% this week from 6.34% last week. The 30-year mortgage averaged 6.24% a year ago. (Thu, 08 Feb 2007 19:05:38 GMT)
NEWPRIME(TM) Home Loans, LLC Launches Website
NEWPRIME(TM) Home Loans, a privately held company headquartered in Englewood, Colorado offering high quality and timely loan assistance to individual borrowers nationally, announced today that it launched its website. (Thu, 08 Feb 2007 19:35:00 GMT)
Mortgage Lenders Battered by Late Payers
The mortgage industry plunged deeper into distress this week as two lenders said sagging home prices and higher interest rates are pushing many borrowers into delinquency. (Thu, 08 Feb 2007 19:35:31 GMT)
Mortgage refinancing gets tougher
With rates on many homeowners' adjustable-rate mortgages rising, some who would like to refinance into a new loan are finding they can't. (Thu, 08 Feb 2007 19:36:35 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, 08 Feb 2007 19:39:44 GMT)
Subprime Mortgage Bond Risk Surges, Credit-Swap Index Suggests
Feb. 8 (Bloomberg) -- The perceived risk of owning low-rated subprime mortgage bonds surged today after the two largest U.S. lenders reported growing problems stemming from the loans, an index of credit-default swaps suggests. (Thu, 08 Feb 2007 19:49:28 GMT)
N.Z. Dollar Falls After Cullen Says Mortgage Levy Considered
Feb. 9 (Bloomberg) -- The New Zealand dollar fell after Finance Minister Michael Cullen said the government will consider imposing a mortgage levy on home mortgages to slow construction growth without pushing up the currency. (Thu, 08 Feb 2007 19:53:16 GMT)
Mortgage-backed securities sell off after HSBC warning
NEW YORK (MarketWatch) -- News from HSBC Holdings and New Century Financial of an increase in sub-prime mortgage defaults sparked heavy selling of some types of mortgage-linked securities. (Thu, 08 Feb 2007 20:09:29 GMT)
Mortgage lenders plunge amid missed payments, depreciating home loans
The mortgage industry plunged deeper into distress this week as two lenders said sagging home prices and higher interest rates are pushing many borrowers into delinquency. (Thu, 08 Feb 2007 20:34:10 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, 08 Feb 2007 21:00:54 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, 08 Feb 2007 21:01:25 GMT)
UPDATE: Mortgage-backed Securities Sell Off After HSBC Warning
NEW YORK (Dow Jones) -- News from HSBC Holdings and New Century Financial of an increase in sub-prime mortgage defaults sparked heavy selling of some types of mortgage-linked securities. (Thu, 08 Feb 2007 21:24:07 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, 08 Feb 2007 22:04:11 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, 08 Feb 2007 22:04:40 GMT)
Subprime Mortgage Bond Risks Surge, Index Suggests (Update1)
Feb. 8 (Bloomberg) -- The perceived risk of owning low-rated subprime mortgage bonds surged today after the two largest U.S. lenders reported growing problems stemming from the loans, an index of credit-default swaps suggests. (Thu, 08 Feb 2007 22:34:18 GMT)
Subprime Woes Sink Mortgage Lenders After HSBC, New Century Fin'l Warnings
The housing bust claimed some new scalps Thursday as shares of mortgage lenders sold off on trouble in the subprime loan sector. (Fri, 09 Feb 2007 00:00:00 GMT)
NEWPRIME(TM) Home Loans, LLC Launches Website
NEWPRIME(TM) Home Loans, a privately heldcompany headquartered in Englewood, Colorado offering high quality andtimely loan assistance to individual borrowers nationally, announced todaythat it launched its website. (Fri, 09 Feb 2007 00:38:05 GMT)
Australian December Home-Loan Approvals Gain 0.1% (Update2)
Feb. 9 (Bloomberg) -- Australia's home-loan approvals rose for a first month in five in December as a 30-year low jobless rate buoyed borrowers' confidence. (Fri, 09 Feb 2007 01:36:10 GMT)
Mortgage Stocks Dive As Defaults On Bad Loans Rise
Shares of U.S. mortgage lenders plunged Thursday after New Century Financial Corp. and HSBC Holdings PLC said losses from bad home loans are piling up faster than they expected. (Fri, 09 Feb 2007 02:22:06 GMT)
New home loan approvals rise
There has been a negligible rise in the number of new home loans after four monthly declines in a row. (Fri, 09 Feb 2007 02:43:03 GMT)
Losses in Home Loans Prompt HSBC to Shake Up Management of Unit
Michael Geoghegan, chief executive of HSBC, said that the loan-loss difficulties were isolated to its American consumer finance arm. (Fri, 09 Feb 2007 04:00:57 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, 09 Feb 2007 04:33:27 GMT)
Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Fri, 09 Feb 2007 04:33:33 GMT)
Mortgage company can hold payments
Q: I send my mortgage payment well ahead of the deadline each month to cut my interest costs but the company doesn’t cash the check for days (though it does cash it before the deadline). Is it legal for the company to hold onto the check without cashing it for so long? (Fri, 09 Feb 2007 05:01:45 GMT)
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