Mortgage News Feb 2007

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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, 09 Feb 2007 05:06:56 GMT)

Family Finances: Now is not the time to apply for a reverse mortgage
We recently were handed a solicitation obtained via a TV commercial. It suggests calling an "AARP counselor to obtain a certificate for a reverse mortgage." We wondered whether this offer -- very attractive during a relatively slow housing market -- was legit. (Fri, 09 Feb 2007 05:31:09 GMT)

Australian December Home-Loan Approvals Gain 0.1% (Update3)
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 05:53:26 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Fri, 09 Feb 2007 06:37:04 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, 09 Feb 2007 08:08:25 GMT)

MORTGAGE INDUSTRY: Home lenders' shares fall
Shares of U.S. mortgage lenders plunged 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 08:10:55 GMT)

Sub-prime loan market shaken up
Stocks are hit after two lenders report big losses from defaults. Some borrowers may suffer. There's more trouble in the mortgage lending market — and that could mean problems for higher-risk borrowers who want to refinance their home loans. (Fri, 09 Feb 2007 08:17:56 GMT)

Lenders report huge losses on subprime mortgages
There's more trouble in the mortgage-lending market — and that could mean problems for higher-risk borrowers who want to refinance... (Fri, 09 Feb 2007 08:21:46 GMT)

Real Estate in real trouble – mortgage defaults in January reached level like never before and most property owners are ...
The endgame can be nearer than thought before. The mortgage defaults in January reached level like never before and most property owners are aiming bankruptcy to avoid foreclosure! (Fri, 09 Feb 2007 09:59:38 GMT)

Rising Sub-Prime Mortgage Defaults Beg the Question 'Who's Next'; Shares Tumble
The rising number of sub-prime borrowers defaulting on their mortgages could have repercussions well beyond the lenders themselves, affecting a range of mortgage-backed securities including hedge-funds, mortgage-heavy REITs, Wall Street trading desks and individual investors. (Fri, 09 Feb 2007 10:56:12 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 12:36:19 GMT)

The Fool's Guide To Reclaiming Mortgage Fees
Your old lender may have unlawfully bumped up your exit charges when you last switched mortgage. In a series of articles we'll explain how to recover these fees plus early repayment charges too. (Fri, 09 Feb 2007 12:50:59 GMT)

Officials advocate nursing home loan pay plan
DANVILLE – The Vermilion Manor Nursing Home has posted a $1.1 million operating loss since 2005, but some county officials hope the nursing home can repay an $880,000 loan to the county ahead of schedule. Last year, the county extended a $1.5 million line of credit to the county-owned facility on Catlin-Tilton Road to help cover expenses the nursing home could not meet. (Fri, 09 Feb 2007 13:28:52 GMT)

Mortgage Failures Rise; So Do Risky Loans
Mortgage delinquencies have hit their highest level in five years, even though employment and income levels are relatively healthy. The structure of the mortgage market helps cushion the blow for lenders, since most loans are now bundled into securities and sold to investors. But some watchdog groups say that makes lenders more aggressive in pushing risky loans. (Fri, 09 Feb 2007 13:50:58 GMT)

Countrywide January Loan Fundings Rise
Mortgage lender Countrywide Financial Corp. said loan fundings in January rose 13 percent to $37.8 billion. Monthly purchase volume fell 8 percent to $13 billion. Home equity loan fundings rose 3 percent to $3.6 billion, while nonprime loan fundings slipped to $2.9 billion from $3 billion in the comparable 2006 period. (Fri, 09 Feb 2007 13:59:26 GMT)

Countrywide January loan fundings rise
Monthly purchase volume fell 8 percent to $13 billion. Home equity loan fundings rose 3 percent to $3.6 billion, while nonprime loan fundings slipped to $2.9 billion from $3 billion in the comparable 2006 period. (Fri, 09 Feb 2007 14:08:07 GMT)

Mortgage rates below 6% again
The 6 percent mortgage rate held in Hawaii for only about a week. Local lenders have again cut their rates an eighth or even a quarter below that level. (Fri, 09 Feb 2007 14:45:01 GMT)

Mortgage rates below 6% again
The 6 percent mortgage rate held in Hawaii for only about a week. Local lenders have again cut their rates an eighth or even a quarter of a percentage point below that level. (Fri, 09 Feb 2007 14:45:01 GMT)

Villarreal agrees to loan Riquelme to Boca Juniors
Villarreal has agreed to loan Argentine playmaker Juan Roman Riquelme to his former club Boca Juniors until the end of the season, the Primera Liga side said on Friday. (Fri, 09 Feb 2007 15:27:16 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 16:04:15 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, 09 Feb 2007 18:04:50 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Fri, 09 Feb 2007 18:34:26 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Fri, 09 Feb 2007 18:38:17 GMT)

Economists: mortgage tax won't fly
The Finance Minister is being told his suggestion of a mortgage tax will not fly. Deutsche Bank Chief Economist, Darren Gibbs, says not only would it be political suicide, it would also be too hard to enforce. (Fri, 09 Feb 2007 18:56:46 GMT)

Mortgage fraud 'ringleader' pleads guilty
DAYTON — Randall Aaron Davidson, a ringleader in the largest mortgage fraud scheme to be prosecuted in Montgomery County, pleaded guilty this morning to three charges in federal court. (Fri, 09 Feb 2007 19:02:37 GMT)

Legacy Hotels Real Estate Investment Trust Completes Mortgage Refinancing
Legacy Hotels Real Estate Investment Trust today announced it has completed a $115.0 million floating rate mortgage refinancing for Fairmont The Queen Elizabeth in Montreal. The financing has a three and a half year term and a current rate at closing approximating 5.5%. (Fri, 09 Feb 2007 19:20:00 GMT)

Legacy Hotels Real Estate Investment Trust Completes Mortgage Refinancing
TORONTO, ONTARIO-- - Legacy Hotels Real Estate Investment Trust today announced it has completed a $115.0 million floating rate mortgage refinancing for Fairmont The Queen Elizabeth in Montreal. (Fri, 09 Feb 2007 19:20:40 GMT)

Sub-prime loan market shaken up
Stocks are hit after two lenders report big losses from defaults. Some borrowers may suffer. There's more trouble in the mortgage lending market — and that could mean problems for higher-risk borrowers who want to refinance their home loans. (Fri, 09 Feb 2007 19:43:53 GMT)

Mortgage Stocks Renew Plunge as Fed's Poole Says Rates May Rise
Feb. 9 (Bloomberg) -- Shares of U.S. mortgage companies tumbled for a second day after St. Louis Federal Reserve Bank President William Poole said rates might rise and that home lenders didn't really understand the risks they'd taken on. (Fri, 09 Feb 2007 20:36:30 GMT)

HSBC warning focuses attention on U.S. mortgage sector
A warning this week from HSBC Holdings PLC that it is raising its provision for bad U.S. loans is turning attention to the health of the U.S housing market and the practice of higher-risk mortgage lending. (Fri, 09 Feb 2007 20:50:05 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 21:04:35 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Fri, 09 Feb 2007 21:25:31 GMT)

Mortgage Stocks Renew Plunge as Fed's Poole Says Rates May Rise
Feb. 9 (Bloomberg) -- Shares of U.S. mortgage companies tumbled for a second day after St. Louis Federal Reserve Bank President William Poole said rates might rise and that home lenders didn't really understand the risks they'd taken on. (Fri, 09 Feb 2007 21:34:28 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? (Fri, 09 Feb 2007 22:19:15 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, 09 Feb 2007 22:19:35 GMT)

Mortgage Stocks Fall as Poole Says Rates May Rise (Update2)
Feb. 9 (Bloomberg) -- Shares of U.S. mortgage companies renewed their tumble today as St. Louis Federal Reserve Bank President William Poole said interest rates may rise and that lenders misjudged the risks they'd taken on. (Fri, 09 Feb 2007 22:49:18 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. (Fri, 09 Feb 2007 22:49:34 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 23:02:23 GMT)

Govt quick to disown mortgage levy scheme
The Government is scrambling to distance itself from a proposed tax that would add more than $200 a month to the cost of servicing the average fixed home mortgage. (Sat, 10 Feb 2007 00:34:39 GMT)

Legacy Hotels Real Estate Investment Trust Completes Mortgage Refinancing
Legacy Hotels Real Estate Investment Trust ('Legacy' or the 'Trust') (TSX: LGY.UN) today announced it has completed a $115.0 million floating rate mortgage refinancing for Fairmont The Queen Elizabeth in Montreal. The financing has a three and a half year term and a current rate at closing approximating 5.5%. Proceeds are being used to satisfy the existing $91.0 million mortgage maturity, and for ... (Sat, 10 Feb 2007 00:39:15 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sat, 10 Feb 2007 01:10:33 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? (Sat, 10 Feb 2007 01:40:23 GMT)

Schwarzenegger approves $1.75M for rent, mortgage payments
SACRAMENTO Governor Schwarzenegger has authorized one-point-seven-five (m) million dollars in emergency funding to help people affected by last month's freeze pay their rent, mortgage and utility bills. (Sat, 10 Feb 2007 01:54:37 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, 10 Feb 2007 01:55:02 GMT)

Schwarzenegger approves $1.75M for rent, mortgage payments
SACRAMENTO (AP) - Governor Schwarzenegger has authorized 1.75 million dollars in emergency funding to help people affected by last month's freeze pay their rent, mortgage and utility bills. (Sat, 10 Feb 2007 02:40:17 GMT)

Economists: mortgage tax won't fly
The Finance Minister is being told his suggestion of a mortgage tax will not fly. Deutsche Bank Chief Economist, Darren Gibbs, says not only would it be political suicide, it would also be too hard to enforce. (Sat, 10 Feb 2007 04:38:51 GMT)

U.S. mortgage companies are headed for total collapse – here are the reasons why?
The refinancing bubble has burst. As people just cannot pay their mortgage with home equity (prices) falling and short-term rates rising, the mortgage-banking sector is in total collapse. The mortgage default rates in February seem to be higher than January, which was a record any way. (Sat, 10 Feb 2007 06:44:38 GMT)

Mortgage scam ringleader pleads guilty
Randall Aaron Davidson, a ringleader in the largest mortgage fraud scheme to be prosecuted in Montgomery County, pleaded guilty Friday to three charges in federal court. (Sat, 10 Feb 2007 06:49:16 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sat, 10 Feb 2007 08:28:32 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. (Sat, 10 Feb 2007 08:41:40 GMT)

HSBC launches new and improved euro home loans
HSBC Bank Malta p.l.c has announced the launching of a new and improved Euro Home Loan, enhancing the product and giving customers the possibility to borrow for their home in Euro.... [[ This is a content summary only. Visit MaltaMedia.com for full news, links, and other content. ]] (Sat, 10 Feb 2007 08:47:23 GMT)

Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Sat, 10 Feb 2007 10:34:05 GMT)

Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Sat, 10 Feb 2007 10:34:26 GMT)

State lawmakers work to curb predatory lending
Darlene and Brent Jellison had almost finished paying off the mortgage on their Beech Grove Road home in Corinth seven years ago when they decided to refinance and put some money toward their fire equipment repair business. (Sat, 10 Feb 2007 12:12:18 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. (Sat, 10 Feb 2007 12:35:48 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. (Sat, 10 Feb 2007 12:36:08 GMT)

Mortgage default fears take toll on banks, markets
The Markets U.S. stocks fell, completing their biggest weekly decline this year, as concern mortgage defaults may rise pushed down shares of banks and property owners. Citigroup Inc., the biggest bank, dropped the most in seven months. Bank of America Corp. and Wachovia Corp. also dropped. Homebuilders fell for the fifth straight day, posting their biggest weekly decline since August. Bloomberg ... (Sat, 10 Feb 2007 13:24:19 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Sat, 10 Feb 2007 14:33:28 GMT)

Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Sat, 10 Feb 2007 14:48:18 GMT)

New Mortgage Program Gives Small Builders More Control
As federal regulators increase their scrutiny of mortgage products and financial underwriters tighten the standards for subprime mortgages, builders need every available tool to get buyers qualified -- especially first-time buyers who are stretching to buy a house. (Sat, 10 Feb 2007 15:54:32 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, 10 Feb 2007 20:14:43 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? (Sat, 10 Feb 2007 22:43:08 GMT)

Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Sat, 10 Feb 2007 23:53:29 GMT)

Provision puts new light on mortgage insurance
Deductibility of premiums for mortgage insurance is a new wrinkle of the federal tax code, but the provision long sought by Milwaukee's MGIC Investment Corp. is catching on very slowly. (Sun, 11 Feb 2007 00:49:21 GMT)

How to Finance a Fixer-Upper Home
(ARA) - A home that needs a lot of repair is what's known as a "fixer-upper" because it needs to be "fixed up." There are several reasons you might buy a fixer-upper. (Sun, 11 Feb 2007 02:05:37 GMT)

New York Mortgage sells retail business
The mortgage financier sold its retail mortgage banking business to IndyMac Bancorp for $13.4 million. (Sun, 11 Feb 2007 04:10:52 GMT)

Robert Bruss: Mortgage lender’s appraisal won’t cause reassessment
DEAR BOB: Thank you for the article on your Web site about getting rid of PMI (private mortgage insurance). Upon my request, my mortgage lender sent me the paperwork to cancel my PMI payments of $72.56 per month. I have owned my home about eight years. However, I am concerned the lender’s appraisal will cause my property taxes to go up. Or should I leave everything alone and continue paying PMI? (Sun, 11 Feb 2007 05:09:38 GMT)

Are mortgage discount points worth the risk?
Pay discount points on a mortgage, and you take a gamble. Plenty of borrowers lost that wager in recent years, according to a pair of economists. Yan Chang and Abdullah Yavas set out to describe consumers’ behavior, not to give advice about whether one should pay discount points. (Sun, 11 Feb 2007 05:11:48 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sun, 11 Feb 2007 07:03:08 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? (Sun, 11 Feb 2007 08:53:08 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, 11 Feb 2007 08:58:29 GMT)

Lawmakers push to help mobile home relocation
Lawmakers are looking at ways to help mobile home park residents who cannot afford to relocate. Some mobile home park owners in Utah are taking advantage of high land prices, but the booming real estate market is leaving the residents of those parks struggling to find new homes. (Sun, 11 Feb 2007 10:04:34 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, 11 Feb 2007 10:58:08 GMT)

Lots of lawyers are making headlines, but as defendants
WHITE PLAINS - Gail Gonzalez had plans for the $54,884.87 check she had just received from a lawyer's office for refinancing the mortgage on her two-bedroom co-op apartment in White Plains. (Sun, 11 Feb 2007 10:58:19 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? (Sun, 11 Feb 2007 11:18:16 GMT)

Mortgage fraud targeted by panel: Task force formed to combat rampant scam in state.
Indiana officials, recognizing the state as a hotbed for mortgage fraud, have launched several initiatives to crack down on the fast-growing crime. (Sun, 11 Feb 2007 12:01:58 GMT)

Officials crack down on mortgage fraud
KANSAS CITY, Mo. - Mortgage fraud is being called the country's fastest-growing white-collar crime. (Sun, 11 Feb 2007 12:11:20 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. (Sun, 11 Feb 2007 12:18:55 GMT)

Simple Solutions to Home Buying Challenges
(ARA) - Home ownership is central to the American dream. And the good news is, it's a dream that can easily become reality. That's because today's lenders offer a variety of products to fit virtually every borrower's needs, points out Michael A. Drury, senior vice president of mortgage lending for M&T Bank Mortgage Division . Finding the right lending partner can make home buying easy and ... (Sun, 11 Feb 2007 12:36:08 GMT)

How to Finance a Fixer-Upper Home
(ARA) - A home that needs a lot of repair is what's known as a "fixer-upper" because it needs to be "fixed up." There are several reasons you might buy a fixer-upper. (Sun, 11 Feb 2007 12:36:28 GMT)

Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Sun, 11 Feb 2007 13:00:02 GMT)

Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Sun, 11 Feb 2007 13:14:18 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. (Sun, 11 Feb 2007 14:33:27 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. (Sun, 11 Feb 2007 14:38:14 GMT)

Home refinancing slides as rates bite
MACQUARIE Mortgages has started to see a significant drop in the volume of refinancing - borrowers taking out extra loans for investment or home improvement and renovation - as last year's interest hikes begin to bite. (Sun, 11 Feb 2007 14:59:17 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. (Sun, 11 Feb 2007 15:24:41 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. (Sun, 11 Feb 2007 15:25:11 GMT)

Simple Solutions to Home Buying Challenges
(ARA) - Home ownership is central to the American dream. And the good news is, it's a dream that can easily become reality. That's because today's lenders offer a variety of products to fit virtually every borrower's needs, points out Michael A. Drury, senior vice president of mortgage lending for M&T Bank Mortgage Division . Finding the right lending partner can make home buying easy and ... (Sun, 11 Feb 2007 17:03:04 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, 11 Feb 2007 17:53:38 GMT)

Home loan churn drops as rates bite
MACQUARIE Mortgages is seeing a significant drop in the volume of refinancing - borrowers taking out extra loans for investment or home improvement and renovation - as last year's interest hikes begin to bite. (Sun, 11 Feb 2007 20:30:13 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? (Sun, 11 Feb 2007 20:33:30 GMT)

Home loan churn drops as rates bite
MACQUARIE Mortgages is seeing a significant drop in the volume of refinancing - borrowers taking out extra loans for investment or home improvement and renovation - as last year's interest hikes begin to bite. (Sun, 11 Feb 2007 20:35:42 GMT)

Home loan defaults to surge
MACQUARIE Banks expects home loan defaults to jump as last year's interest rate hikes bite and home owners begin to default on loan payments. (Sun, 11 Feb 2007 20:44:37 GMT)

Your Money Matters: Dealing with Rising Mortgage Interest Rates
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth. (Sun, 11 Feb 2007 20:58:31 GMT)

Confused by all the Mortgage Options? Here's Help
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. (Sun, 11 Feb 2007 20:58:41 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. (Sun, 11 Feb 2007 22:06:24 GMT)

CBA launches A$5.92 bln mortgage securitisation
SYDNEY, Feb 12 (Reuters) - Commonwealth Bank of Australia (CBA) said on Monday it has launched a A$5.92 billion ($4.6 billion) global mortgage-backed securities transaction through the Medallion Trust, its securisation programme. (Sun, 11 Feb 2007 22:07:03 GMT)

Get Extra Cash By Refinancing Your Car
(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? (Sun, 11 Feb 2007 23:33:12 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, 12 Feb 2007 00:24:55 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, 12 Feb 2007 00:26:46 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, 12 Feb 2007 00:40:04 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, 12 Feb 2007 00:40:14 GMT)

Need a home loan? Get a broker
KUALA LUMPUR: Forty-five minutes and an Excel spreadsheet was all Gopi Kurup needed to decide among a bewildering array of housing loans. (Mon, 12 Feb 2007 00:41:04 GMT)

WA home loans may soon be the dearest
WA home loans may soon be the most expensive in the country as the western state closes the gap with NSW, new figures show. (Mon, 12 Feb 2007 02:55:07 GMT)

Simple Solutions to Home Buying Challenges
(ARA) - Home ownership is central to the American dream. And the good news is, it's a dream that can easily become reality. That's because today's lenders offer a variety of products to fit virtually every borrower's needs, points out Michael A. Drury, senior vice president of mortgage lending for M&T Bank Mortgage Division . Finding the right lending partner can make home buying easy and ... (Mon, 12 Feb 2007 03:52:22 GMT)

Patriot Mortgage moving up
In just five years, Patriot Mortgage has become one of the top residential mortgage lenders in the Memphis market with a staff that's a fraction the size of most of its competitors. (Mon, 12 Feb 2007 05:12:56 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, 12 Feb 2007 05:48:27 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Mon, 12 Feb 2007 05:53:44 GMT)

State to partner families in home buying
The State Government has announced a shared equity scheme for first home buyers aimed at easing the state's housing affordability crisis. Under the $300 million First Start program, the Government will buy a share of a property and then provide the homeowner with a low-deposit loan to buy the rest. (Mon, 12 Feb 2007 07:37:20 GMT)

Rules sought on mortgage officers
Many of the people in Arizona who help home buyers finance what is often the biggest purchase of their lives are not licensed. {b} Special investigation (Mon, 12 Feb 2007 07:42:53 GMT)

Merrill Loaded for Bear in Mortgage Market That Humiliated HSBC
Feb. 12 (Bloomberg) -- Merrill Lynch & Co. Chief Executive Officer Stanley O'Neal was willing to lose $230 million to catch Bear Stearns Cos. and the shakeout is just beginning. (Mon, 12 Feb 2007 07:51:15 GMT)

Mortgage Marketing Program Teaches Quickest Way to Write Strategy
With the slowdown in the market forcing loan officers to the streets in search of loans, new mortgage marketing program puts loan officers on the right path. (PRWeb Feb 12, 2007) (Mon, 12 Feb 2007 08:02:57 GMT)

AdvanceStart.com Providing a New Service for UK Home Owners
Now home owners in the UK can rely on a free service to compare secured loan plans to help them make the right choice for investments. (PRWeb Feb 12, 2007) Post Comment:Trackback URL: http://www.prweb.com/zingpr.php/U3VtbS1GYWx1LUZhbHUtSG9yci1JbnNlLVplcm8= (Mon, 12 Feb 2007 08:15:32 GMT)

The PPF Network has Launched the Pay Per Closed Loan Mortgage Lead Solutions Network
PPF has launched the new pay per mortgage closing network. The new Mortgage Lead System Lets Loan Officers Pay Per Closed Loan instead of paying for each mortgage lead. Many loan officers spend thosands of dollars on useless mortgage leads. PPF is trying to take the risk away with the new PayPerFunding.com web system. (PRWeb Feb 12, 2007) Post Comment:Trackback URL: ... (Mon, 12 Feb 2007 08:32:53 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, 12 Feb 2007 10:10:01 GMT)

WA launches home loan scheme for low income earners
The Western Australian Government has launched a $300 million shared equity scheme to help lower income earners buy their own home. (Mon, 12 Feb 2007 10:50:52 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, 12 Feb 2007 11:48:15 GMT)

Mortgage Consolidation Continues - Mortgage Industry Insider from MortgageDaily.com
The consolidation wave sweeping through the mortgage sector showed no signs of abating, according to coverage from http://www.MortgageDaily.com -- the dominant source of online news for the mortgage industry. (Mon, 12 Feb 2007 12:00:00 GMT)

Many mortgage holders have to adjust to reality
Many borrowers with adjustable-rate mortgages saw their rates increase last year as the Federal Reserve raised short-term rates, prompting lenders to adjust loan prices. (Mon, 12 Feb 2007 12:04:13 GMT)

Mortgage of the Week
Halifax 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 7.25%. The overall cost for comparison is 7.3% APR. An Early Repayment Charge is payable if you repay all or part of the mortgage during the fixed rate period. (Mon, 12 Feb 2007 12:32:49 GMT)

Prepaying mortgage not a no-brainer
Dear Dr. Don, I have heard so many debates on paying off the mortgage versus not paying off the mortgage, but to me it's a no-brainer. I want to pay off my mortgage! Here's my plan: I have $40,900 as a principal balance and about 20 years left on my mortgage. (Mon, 12 Feb 2007 12:37:38 GMT)

Mortgage insurance
If your down payment on a home is less than 20 percent of the appraised value or sale price, you must obtain mortgage insurance. (Mon, 12 Feb 2007 12:38:39 GMT)

Loan ace on way to Reds
BARNSLEY plan to clinch a loan signing today and the midfielder - believed to be Manchester United's Ritchie Jones - could be in the team to face Colchester tomorrow. (Mon, 12 Feb 2007 12:48:17 GMT)

PMI Mortgage Insurance Co. Promotes Jan Walker to Senior Vice President, Structured Transactions and Structured Product ...
PMI Mortgage Insurance Co., a subsidiary of The PMI Group, Inc. , today announced the promotion of Jan Walker to the position of Senior Vice President, Structured Transactions and Structured Product Development. (Mon, 12 Feb 2007 13:00:00 GMT)

ECC Capital Corporation Closes the Sale of Its Mortgage Banking Operations to Bear Stearns
ECC Capital Corporation today announced the closing on February 9, 2007 of the sale of its mortgage banking business to Bear Stearns. (Mon, 12 Feb 2007 13:55:00 GMT)

ECC Capital Corporation Closes the Sale of Its Mortgage Banking Operations to Bear Stearns
IRVINE, Calif., Feb. 12 /PRNewswire-FirstCall/ -- ECC Capital Corporation ( Nachrichten ) today announced the closing on February 9, 2007 of the sale of its mortgage banking business to Bear Stearns. (Mon, 12 Feb 2007 14:09:34 GMT)

Find out if you qualify for low-interest home repair loan, grant
The U.S. Department of Agriculture Rural Development is sponsoring a workshop to provide information for very low-income homeowners who may qualify for low interest loans or grants for home repairs. (Mon, 12 Feb 2007 14:11:01 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, 12 Feb 2007 14:18:15 GMT)

Theodosia couple sue bank over alleged loan terminations
A Theodosia couple have sued a Forsyth bank for allegedly terminating their home mortgage and construction loans. Robert and Melanie Johnston filed a civil complaint against Peoples Bank of the Ozarks last week at Springfield's federal courthouse. The couple sought more than $295,000 in actual damages, and punitive damages. According to the complaint, a loan officer and an attorney allegedly ... (Mon, 12 Feb 2007 14:24:38 GMT)

Rules sought on mortgage officers
Many of the people in Arizona who help home buyers finance what is often the biggest purchase of their lives are not licensed. {b} 'Cash-back' deals a new kind of mortgage fraud (Mon, 12 Feb 2007 15:22:43 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, 12 Feb 2007 15:34:26 GMT)

Bosnia police raid home, office in war crimes hunt
Police in Bosnia's Serb Republic on Monday raided the business and home of a Bosnian Serb banker suspected of helping suspected war crimes fugitive Stojan Zupljanin remain at large. (Mon, 12 Feb 2007 15:35:29 GMT)

Home loan schemes dominate Florida consumer complaints
Florida's attorney general has issued a warning for consumers about mortgage fraud schemes. They were among the top 10 categories of complaints received by the attorney general's office last year. (Mon, 12 Feb 2007 16:12:16 GMT)

"Cap and track" mortgage -- best or worst of both worlds?
LONDON (Reuters) - Woolwich has launched Britain's first "track and cap" mortgage -- designed to protect homeowners against economic uncertainty. (Mon, 12 Feb 2007 16:36:54 GMT)

Norwich Union raises lifetime mortgage rates in UK
Norwich Union is raising the interest rates on its Cash Reserve Option and Fixed Rate Lifetime Mortgage plans from Monday 12 February 2007 in the UK. (Mon, 12 Feb 2007 16:54:15 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, 12 Feb 2007 17:48:38 GMT)

Commonwealth to Sell A$5.9 Billion of Mortgage Bonds (Update3)
Feb. 12 (Bloomberg) -- Commonwealth Bank of Australia, the nation's largest home lender, plans to sell A$5.92 billion ($4.6 billion) of mortgage-backed bonds in the country's biggest sale of securities supported by home loans. (Mon, 12 Feb 2007 18:23:16 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, 12 Feb 2007 18:33:16 GMT)

Mortgage levy proposal a dead duck, insists PM
Treasury advice on the feasibility of a mortgage-rate levy is almost complete and will be handed to Finance Minister Michael Cullen next week, despite Government moves to stop work on the report. (Mon, 12 Feb 2007 18:42:48 GMT)

PSU banks to up new home loan rates
Public sector banks will increase interest rates on fresh home loans by at least 50 basis points to partly offset the rising cost of funds, but rates on loans already disbursed will remain unchanged. (Mon, 12 Feb 2007 19:04:19 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, 12 Feb 2007 19:15:42 GMT)

Home loan schemes dominate Florida consumer complaints
Florida Attorney General Bill McCollum issued a warning for consumers about mortgage fraud schemes, which were among the top 10 categories of complaints received by the Attorney General's Office last year. (Mon, 12 Feb 2007 19:25:10 GMT)

Mortgage Lenders Fall a Third Day as Defaults Rise (Update1)
Feb. 12 (Bloomberg) -- Countrywide Financial Corp. and New Century Financial Corp. led shares of mortgage companies down for a third day as rising defaults drove the perceived risk of owning bonds backed by ``subprime'' loans to a record high. (Mon, 12 Feb 2007 19:34:18 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, 12 Feb 2007 20:34:36 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Mon, 12 Feb 2007 21:39:31 GMT)

Mortgage Lenders Fall a Third Day as Defaults Rise (Update2)
Feb. 12 (Bloomberg) -- Countrywide Financial Corp. and New Century Financial Corp. led shares of mortgage companies down for a third day as rising defaults drove the perceived risk of owning bonds backed by ``subprime'' loans to a record high. (Mon, 12 Feb 2007 22:03:53 GMT)

US STOCKS-Indexes drop as oil sinks, home loan woes persist
(Updates close with more on the energy sector and mortgage-related news, latest Nasdaq volume) By Caroline Valetkevitch NEW YORK, Feb 12 (Reuters) - U.S. stocks slipped on Monday after a 3.5 percent drop in oil prices hit energy companies' shares, while worries about rising mortgage defaults spilled over onto the ... (Mon, 12 Feb 2007 23:12:23 GMT)

Flaherty tells banks to be 'generous' to war widows on mortgage insurance
OTTAWA (CP) - Finance Minister Jim Flaherty says he's going to bat for the widows of Canadian soldiers caught up in a mortgage-insurance fight with financial institutions. (Mon, 12 Feb 2007 23:22:00 GMT)

Schwarzenegger approves $1.75M for rent, mortgage payments
Governor Schwarzenegger has authorized one-point-seven-five (m) million dollars in emergency funding to help people affected by last month's freeze pay their rent, mortgage and utility bills. (Mon, 12 Feb 2007 23:22:33 GMT)

Japanese Stocks May Decline After U.S. Mortgage Defaults Rose
Feb. 13 (Bloomberg) -- Japanese stocks may drop after mortgage defaults in the U.S. increased, prompting speculation that growth may be curbed in Japan's largest export market. Exporters such as Honda Motor Co. may pace declines. (Mon, 12 Feb 2007 23:28:58 GMT)

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