Mortgage News Mar 2007
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$310,000 Mortgage under $999/mo Featured on Oprah. Get Low Rates! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok Fast Home Refi, Good Credit Or Not. Countrywide® 4 out of 5 approved! (Mon, 05 Mar 2007 12:15:41 GMT)
US mortgage defaults weigh on HSBC profits
Global banking giant HSBC Holdings announced a a 35.5-percent surge in bad debts during 2006 owing to increased defaults on home loans by high-risk US borrowers. (Mon, 05 Mar 2007 12:16:57 GMT)
The Home Buying Process: Step by Step
(ARA) - Buying a home can be a very intimidating process, especially if you've never done it before. So the first thing you should do before you start is to figure out whether owning a home is right for you. (Mon, 05 Mar 2007 12:19:15 GMT)
www.cbs10kztv.com
Find the lowest Mortgage rates w/us As featured on Oprah - Free Quotes! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok Fast Home Refi, Good Credit Or Not. Countrywide® 4 out of 5 approved! (Mon, 05 Mar 2007 12:29:32 GMT)
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Fast Refi for Most Credit Types From Countrywide®, 4 of 5 Approved! Chase Has The Right Mortgage Loan For You - Apply Online Today! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. (Mon, 05 Mar 2007 12:29:42 GMT)
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Larger loans with lower payments. Interest only options. 50 year term Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok Chase Has The Right Mortgage Loan For You - Apply Online Today! (Mon, 05 Mar 2007 12:44:50 GMT)
State low-interest home buying program celebrates 100,000th loan
HILLIARD, Ohio (AP) -- A family of immigrants from Albania who speak little English were worried when their bank called abut their home loan. (Mon, 05 Mar 2007 12:49:05 GMT)
www.cbs10kztv.com
$310,000 Mortgage Under $999/mo. Seen on Oprah & Dr Phil. Get Rates! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok Fast Home Refi, Good Credit Or Not. Countrywide® 4 out of 5 approved! (Mon, 05 Mar 2007 12:59:32 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. (Mon, 05 Mar 2007 13:06:28 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 Mar 2007 13:07:08 GMT)
US mortgage defaults weigh on HSBC profits
Global banking giant HSBC Holdings announced on Monday a 35.5-percent surge in bad debts during 2006 owing to increased defaults on home loans by high-risk US borrowers. (Mon, 05 Mar 2007 13:08:21 GMT)
State low-interest home buying program celebrates 100,000th loan
HILLIARD, Ohio A family of immigrants from Albania who speak little English were worried when their bank called abut their home loan. They asked if they had to give their new house back.But instead the call was an invitation to a celebration. (Mon, 05 Mar 2007 13:09:51 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 Mar 2007 13:49:36 GMT)
Lehman Cuts Prime Mortgage Lenders on Spillover From Subprime
March 5 (Bloomberg) -- Lehman Brothers Holdings Inc. reduced its investment rating on U.S. mortgage companies including Countrywide Financial Corp. because a surge in loan defaults is showing evidence of spreading beyond the riskiest credits and the Federal Reserve hasn't cut borrowing rates. (Mon, 05 Mar 2007 14:35:55 GMT)
Lehman Cuts Prime Mortgage Lenders on Spillover From Subprime
March 5 (Bloomberg) -- Lehman Brothers Holdings Inc. reduced its investment rating on U.S. mortgage companies including Countrywide Financial Corp. because a surge in loan defaults is showing evidence of spreading beyond the riskiest credits and the Federal Reserve hasn't cut borrowing rates. (Mon, 05 Mar 2007 14:49:36 GMT)
GMH Communities Trust Completes Refinancing on Four Student Housing Properties
GMH Communities Trust today announced the completion of a refinancing of four Company-owned student housing properties with Wachovia Bank. (Mon, 05 Mar 2007 15:01:00 GMT)
The home mortgage crisis spirals, taking a toll in the U.S.
Even in affluent Orange County, California, the growing wealth of executives and brokers in the booming mortgage industry was hard to miss. (Mon, 05 Mar 2007 15:04:09 GMT)
Bankrate: Mortgage Rates Decline As Stock Market Shudders
To: REAL ESTATE EDITORSNEW YORK, March 1 /PRNewswire-FirstCall/ -- Mortgage rates declined for the third time in the past four weeks, with the average 30-year fixed mortgage rate dropping to 6. (Mon, 05 Mar 2007 15:39:32 GMT)
Lehman Cuts Prime Mortgage Lenders on Default Risks (Update1)
March 5 (Bloomberg) -- Lehman Brothers Holdings Inc. reduced its investment rating on U.S. mortgage companies including Countrywide Financial Corp. because a surge in loan defaults is showing evidence of spreading beyond the riskiest credits. (Mon, 05 Mar 2007 16:04:25 GMT)
Stocks stabilize amid mortgage concerns
Wall Street managed to stabilize itself Monday, although investors remained nervous about nagging mortgage default concerns and tumbling stock markets abroad. (Mon, 05 Mar 2007 16:12:26 GMT)
HSBC profit up despite mortgage woes
HSBC Holdings plc, the parent of HSBC Bank USA, reported Monday a 5 percent profit jump last year, overcoming losses in its U.S. mortgage operation. (Mon, 05 Mar 2007 16:36:17 GMT)
Stocks Steady Amid Mortgage Concerns
Wall Street managed to stabilize itself Monday, although investors remained nervous about mortgage defaults, a strengthening yen and tumbling stock markets abroad. (Mon, 05 Mar 2007 16:38:27 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 Mar 2007 17:15:27 GMT)
30-year mortgage rates drop to lowest point since start of year
WASHINGTON (AP) - Rates on 30-year mortgages fell for a second straight week to the lowest level since the beginning of the year. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.18 percent this week, down from 6.22 percent last week. (Mon, 05 Mar 2007 17:16:40 GMT)
David Rosenstein Stands for Increased Home Buyer Protection
Mortgage expert David Rosenstein announced today his commitment to increased education and protection for home buyers by joining the National Association of Responsible Loan Officers. (Mon, 05 Mar 2007 17:43:00 GMT)
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Fast Refi for Most Credit Types From Countrywide®, 4 of 5 Approved! Lock in Low Mortgage Rates. Find Loans for All Types of Credit! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. (Mon, 05 Mar 2007 19:14:50 GMT)
Folsom mortgage lender shuts down amid rising home loan defaults
Defaults have claimed the first home lending casualty in the Sacramento region with the demise of Folsom-based Central Pacific Mortgage. The closure comes amid growing trouble nationally for mortgage lenders and involves an influential local player who is an appointee of Gov. Arnold Schwarzenegger. (Mon, 05 Mar 2007 19:44:12 GMT)
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$310,000 Mortgage under $999/mo Featured on Oprah. Get Low Rates! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok Fast Home Refi, Good Credit Or Not. Countrywide® 4 out of 5 approved! (Mon, 05 Mar 2007 19:46:09 GMT)
Folsom mortgage lender shuts down amid rising home loan defaults
Defaults have claimed the first home lending casualty in the Sacramento region with the demise of Folsom-based Central Pacific Mortgage. (Mon, 05 Mar 2007 20:01:32 GMT)
Hotel Financing Revisited | When To Consider Refinancing | By Cameron J. Larkin
This is the second article of a five-part series exploring the current environment and options for long term, fixed-rate financing of hotels. We cover both recent beneficial shifts in hospitality lending and the risks associated with refinancing as the peak of the market cycle predictably gives way to down cycle effects. The central theme surrounds the importance of proactively managing a hotel’s ... (Mon, 05 Mar 2007 20:01:46 GMT)
Mortgage lenders' stocks take beating
NEW YORK - Mounting concerns on Wall Street that mortgage lenders might be hurt by increasing defaults and delinquencies sent investors fleeing Monday from some of the biggest names in the industry. (Mon, 05 Mar 2007 20:06:25 GMT)
Stocks steady amid mortgage concerns
Wall Street managed to stabilize itself Monday, although investors clearly were still nervous about mortgage defaults, a strengthening yen and tumbling stock markets abroad. (Mon, 05 Mar 2007 20:25:44 GMT)
www.cbs10kztv.com
Find the lowest Mortgage rates w/us As featured on Oprah - Free Quotes! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok Fast Home Refi, Good Credit Or Not. Countrywide® 4 out of 5 approved! (Mon, 05 Mar 2007 20:29:30 GMT)
www.cbs10kztv.com
$310,000 Mortgage Under $999/mo. Seen on Oprah & Dr Phil. Get Rates! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok Fast Home Refi, Good Credit Or Not. Countrywide® 4 out of 5 approved! (Mon, 05 Mar 2007 21:00:15 GMT)
New Century Leads Drop in Shares of Mortgage Lenders (Update2)
March 5 (Bloomberg) -- Shares of New Century Financial Corp. suffered their biggest drop ever, leading a decline in subprime mortgage companies and less-risky lenders. (Mon, 05 Mar 2007 21:04:18 GMT)
Wall Street hurt by mortgage worries
U.S. stocks slid on Monday as a worldwide flight from riskier assets moved into a second week, fed in part by heightened concerns about the flagging health of the subprime mortgage market. (Mon, 05 Mar 2007 22:26:59 GMT)
New Century Leads Drop in Shares of Mortgage Lenders (Update3)
March 5 (Bloomberg) -- Shares of New Century Financial Corp. suffered their biggest drop ever, leading a decline in subprime mortgage companies and less-risky lenders. (Mon, 05 Mar 2007 22:34:28 GMT)
Folsom Home Lender Closes: Central Pacific Mortgage, Whose CEO is Chairman of a State Finance Board, Shuts As Defaults ...
Mar. 5--Growing consumer defaults have claimed the first home loan lender in the Sacramento area with the closing of Folsom-based Central Pacific Mortgage. (Mon, 05 Mar 2007 22:57:21 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 Mar 2007 01:25:59 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. (Tue, 06 Mar 2007 01:52:48 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. (Tue, 06 Mar 2007 02:22:49 GMT)
Impac Mortgage Holdings, Inc. Clarifies Position as an Alt-A Lender and Misconceptions in the Market Place
The following is in response to recent media reports that have had an adverse impact upon our common stock price, Impac Mortgage Holdings, Inc. , or the "Company", a Maryland corporation being taxed as a real estate investment trust : (Tue, 06 Mar 2007 03:24:00 GMT)
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$310,000 Mortgage Under $999/mo. Seen on Oprah & Dr Phil. Get Rates! $200,000 for $896/Month. Bad Credit OK, Qualify Online. Browse our Directory of Mortgage Companies. Fast Home Refinancing. (Tue, 06 Mar 2007 03:54:13 GMT)
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$200k loan for $585/month. Compare rates! Loan Programs and Mortgage Tools. 0% Down Payment. Apply Online! Mortgage Refinancing - Bad Credit? Call Today for a Free Consultation! (Tue, 06 Mar 2007 03:59:45 GMT)
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$310,000 Mortgage Under $999/mo. Seen on Oprah & Dr Phil. Get Rates! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok $200,000 for $896/Month. Bad Credit OK, Qualify Online. (Tue, 06 Mar 2007 04:14:28 GMT)
www.cbs10kztv.com
Find the lowest Mortgage rates w/us As featured on Oprah - Free Quotes! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok $200,000 for $896/Month. Bad Credit OK, Qualify Online. (Tue, 06 Mar 2007 04:59:29 GMT)
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Find the lowest Mortgage rates w/us As featured on Oprah - Free Quotes! $200,000 for $896/Month. Bad Credit OK, Qualify Online. Browse our Directory of Mortgage Companies. Fast Home Refinancing. (Tue, 06 Mar 2007 05:06:49 GMT)
Mortgage-default concerns depress market
NEW YORK (AP) -- Wall Street seesawed through an erratic session yesterday, trying to stabilize but ultimately finishing near its lows of the day amid worries about mortgage defaults, a strengthening yen and tumbling stock markets abroad. (Tue, 06 Mar 2007 05:11:28 GMT)
www.cbs10kztv.com
Find the lowest Mortgage rates w/us As featured on Oprah - Free Quotes! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok $225,000 for $1,008/Month. Bad Credit OK, Qualify Online. (Tue, 06 Mar 2007 05:14:28 GMT)
Increasing mortgage defaults cause concern
When East Tennessee homebuyers go through Chuck Bailey's company to get financing, about three in 10 end up with a subprime mortgage. (Tue, 06 Mar 2007 06:13:55 GMT)
www.cbs10kztv.com
$310,000 Mortgage under $999/mo Featured on Oprah. Get Low Rates! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok Browse our Directory of Mortgage Companies. Fast Home Refinancing. (Tue, 06 Mar 2007 06:15:12 GMT)
Meltdown is battering mortgage lenders' shares
Mounting concerns on Wall Street that mortgage lenders might be hurt by increasing defaults and delinquencies sent investors fleeing Monday from some of the biggest names in the industry. The meltdown among lenders that specialize in home loans to people with weak credit, known in the industry as subprime lenders, again ravaged stock prices. (Tue, 06 Mar 2007 06:44:23 GMT)
Consumer Loan And Savings Rates
A sampling of financial institutions was asked to quote the most recent lowest annual percentage rates they would charge a new loan customer with an annual income from $30,000 to $35,000 and good credit standing. Qualifications for borrowing and finance charges vary among institutions. Rates may differ from branch to branch. Some institutions provide lower rates to existing customers. (Tue, 06 Mar 2007 07:31:24 GMT)
30-year mortgage rates drop to lowest point since start of year
Rates on 30-year mortgages fell for a second straight week to the lowest level since the beginning of the year. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.18 percent this week, down from 6.22 percent last week. (Tue, 06 Mar 2007 08:00:13 GMT)
CalHFA changes loan price limits for resale homes
Buying a resale home using a low-interest rate loan potentially got a bit easier in the Bay Area this week, as new loan guidelines were announced by the state's affordable housing agency. (Tue, 06 Mar 2007 08:04:28 GMT)
ENERGY CONSERVATION: Mortgage programs
The Federal Housing Authority insures energy-efficient mortgage financing through the following programs: (Tue, 06 Mar 2007 08:13:15 GMT)
City Settles With Woman Losing Home
SPRINGDALE -- As of May 1, Guadalupe Morales will not have a home. She will, however, own a piece of property worth more than 100,000 with only a loan of 2,855 against it. (Tue, 06 Mar 2007 08:46:12 GMT)
Asset-Backed Insecurities: Containing the Subprime Mortgage Collapse
Adrian Ash submits: Ben Bernanke told politicians in Washington last week that the collapse of subprime mortgage companies had been "contained". Perhaps Dr. Ben was just thinking of Fremont delaying its fourth-quarter results...or New Century Financial having to restate its earnings for the first nine months of last year. (Tue, 06 Mar 2007 09:33:51 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 Mar 2007 11:34:37 GMT)
Reverse mortgage can help
DEAR BRUCE: I am 80, and my wife is 79. We live in Las Vegas. Our home has an estimated value of $450,000 and rising. We have been supplementing our income with some stock liquidations that have additional fees. Do you think we're candidates for a reverse mortgage? Would the bank charge interest at some fixed rate? Would these reverse-mortgage receipts be subject to income tax? We haven't talked ... (Tue, 06 Mar 2007 11:42:29 GMT)
Trustcorp Mortgage 'moving' to bank: Name change possible with acquisition by 1st Source.
SOUTH BEND -- Trustcorp Mortgage Co. is a couple of months away from possibly taking on a new name as it moves under the umbrella of 1st Source Bank. (Tue, 06 Mar 2007 12:02:44 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 Mar 2007 12:39:35 GMT)
www.cbs10kztv.com
$310,000 Mortgage Under $999/mo. Seen on Oprah & Dr Phil. Get Rates! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok $200,000 for $896/Month. Bad Credit OK, Qualify Online. (Tue, 06 Mar 2007 12:53:55 GMT)
Is It Too Late to Refinance Your Mortgage? MetLife Bank Provides Tips and Resources for Refinancing
BRIDGEWATER, N.J.----This past year, many Americans took advantage of low interest rates by refinancing their mortgages, resulting in thousands of dollars in savings over the term of the mortgage. (Tue, 06 Mar 2007 13:00:00 GMT)
If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Tue, 06 Mar 2007 13:05:17 GMT)
National City Cuts Mirror National Trend ; The Bank Will Move Its Local Mortgage-Lending Business to India As the ...
National City Corp.'s decision to shift an undisclosed number of jobs from its Dayton area-based mortgage banking business to India follows a trend of cutbacks by mortgage lenders that have reduced employment or sold off entire operations. (Tue, 06 Mar 2007 15:12:43 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 Mar 2007 16:13:46 GMT)
www.cbs10kztv.com
$310,000 Mortgage under $999/mo Featured on Oprah. Get Low Rates! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok $225,000 for $1,008/Month. Bad Credit OK, Qualify Online. (Tue, 06 Mar 2007 16:38:25 GMT)
www.cbs10kztv.com
$310,000 Mortgage Under $999/mo. Seen on Oprah & Dr Phil. Get Rates! Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. Bad Credit Ok $200,000 for $896/Month. Bad Credit OK, Qualify Online. (Tue, 06 Mar 2007 17:05:39 GMT)
New Century Shares Rebound, Leading Mortgage Lenders Higher
March 6 (Bloomberg) -- Shares of New Century Financial Corp. and other mortgage lenders snapped back today, with the Irvine, California-based lender recovering some of the 69 percent loss it triggered Monday by saying it might not stay in business. (Tue, 06 Mar 2007 18:04:28 GMT)
Home lenders' pitches grow sweeter
Thanks to a cooling housing market, banks are throwing sizzle into incentives these days, shaking up the typical humdrum offers of point buy-downs or creative loan programs. (Tue, 06 Mar 2007 18:36:36 GMT)
UrbanAxis Mortgage expands office, team
In response to exponential business growth, Austin-based UrbanAxis Mortgage is doubling its offices and the size of its team. (Tue, 06 Mar 2007 18:58:47 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 Mar 2007 19:06:24 GMT)
New Century Leads Rebound of Mortgage Company Shares (Update1)
March 6 (Bloomberg) -- Shares of New Century Financial Corp. and rival mortgage lenders snapped back today, with the Irvine, California-based company recovering some of the 69 percent loss it triggered yesterday by saying it might not stay in business. (Tue, 06 Mar 2007 19:36:13 GMT)
Fed chair urges congressional regulation of mortgage companies
Federal Reserve Chairman Ben Bernanke urged Congress on Tuesday to bolster regulation of mortgage giants Fannie Mae and Freddie Mac, and suggested limiting (Tue, 06 Mar 2007 19:47:08 GMT)
Ent Adds Home Loan Option
Mar. 6--Ent credit unions of the Pikes Peak area and local Decibel branches of Ent recently launched the "flex-plus 103 percent loan-to-value mortgage product. (Tue, 06 Mar 2007 20:13:20 GMT)
Are You in the Right Mortgage?
(ARA) - Most people who buy a home put their mortgage in a drawer -- they close on the loan and make their payments every month and don't think about it beyond that. But what they may not realize is that being in the wrong mortgage for your current situation can hurt you by costing you money. (Tue, 06 Mar 2007 20:17:55 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 Mar 2007 20:18:15 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. (Tue, 06 Mar 2007 20:18:25 GMT)
Bernanke: Toughen up on mortgage giants
Federal Reserve Chairman Ben Bernanke urged Congress on Tuesday to bolster regulation of mortgage giants Fannie Mae and Freddie Mac, and suggested limiting their massive holdings to guard against any danger their debt poses to the overall economy. (Tue, 06 Mar 2007 20:24:22 GMT)
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Wall Street hurt by mortgage worries
NEW YORK (Reuters) - U.S. stocks slid on Monday as a worldwide flight from riskier assets moved into a second week, fed in part by heightened concerns about the flagging health of the subprime mortgage market. (Tue, 06 Mar 2007 21:14:46 GMT)
Sponsored Links
$310,000 Mortgage under $999/mo Featured on Oprah. Get Low Rates! $200,000 for $896/Month. Bad Credit OK, Qualify Online. Browse our Directory of Mortgage Companies. Fast Home Refinancing. (Tue, 06 Mar 2007 21:30:47 GMT)
Are You in the Right Mortgage?
(ARA) - Most people who buy a home put their mortgage in a drawer -- they close on the loan and make their payments every month and don't think about it beyond that. But what they may not realize is that being in the wrong mortgage for your current situation can hurt you by costing you money. (Tue, 06 Mar 2007 22:03:27 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. (Tue, 06 Mar 2007 22:03:47 GMT)
Dimon, retail chief bullish on mortgage business
NEW YORK (MarketWatch) -- Jamie Dimon is looking at the mortgage industry, and unlike a lot of investors, he likes what he sees, at least as far as his bank is concerned. (Tue, 06 Mar 2007 22:08:56 GMT)
Briefing: Bernanke backs limits on mortgage lenders
Bernanke backs limits on mortgage lenders (Tue, 06 Mar 2007 23:03:59 GMT)
New Century Leads Rebound of Mortgage Company Shares (Update2)
March 6 (Bloomberg) -- Shares of New Century Financial Corp. and rival mortgage lenders regained some of their lost value as investors assessed how much subprime mortgage companies might be worth dead or alive. (Tue, 06 Mar 2007 23:06:05 GMT)
Bernanke: Toughen up on mortgage giants
Federal Reserve Chairman Ben Bernanke urged Congress on Tuesday to bolster regulation of mortgage giants Fannie Mae and Freddie Mac, and suggested limiting their massive holdings to guard against any danger their debt poses to the overall economy. (Tue, 06 Mar 2007 23:10:50 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 Mar 2007 00:15:05 GMT)
If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Wed, 07 Mar 2007 00:15:15 GMT)
Sponsored Links
$310,000 Mortgage Under $999/mo. Seen on Oprah & Dr Phil. Get Rates! $200,000 for $896/Month. Bad Credit OK, Qualify Online. Browse our Directory of Mortgage Companies. Fast Home Refinancing. (Wed, 07 Mar 2007 00:21:55 GMT)
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Find the lowest Mortgage rates w/us As featured on Oprah - Free Quotes! Looking for Low Mortgage Rates? Compare Lenders with SuperPages. Get Up To 4 Quotes On A 50 Year Mtg Refinance Loan Today. (Wed, 07 Mar 2007 01:36:41 GMT)
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Lock in Low Mortgage Rates. Find Loans for All Types of Credit! Fast Home Refi, Good Credit Or Not. From Countrywide®, 4 of 5 Approved! $200,000 for $896/Month. Low Rate Refinance Offers, Qualify Online. (Wed, 07 Mar 2007 03:21:48 GMT)
Fed Chief Seeks to Limit Mortgage Agencies
The chairman of the Federal Reserve urged Congress to bolster regulation of the mortgage giants Fannie Mae and Freddie Mac. (Wed, 07 Mar 2007 03:46:18 GMT)
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100% Single Loan Financing for Real Estate Investors with no Mortgage Insurance, Now Available
100 percent single-loan financing with no mortgage insurance is now available to real estate investors. (PRWeb Mar 7, 2007) Post Comment:Trackback URL: http://www.prweb.com/zingpr.php/RW1wdC1UaGlyLUluc2UtU3VtbS1NYWduLVplcm8= (Wed, 07 Mar 2007 08:17:42 GMT)
Mortgage fraud task force is set
State officials on Tuesday announced the formation of a task force to better coordinate efforts to root out mortgage fraud in Missouri. (Wed, 07 Mar 2007 08:31:53 GMT)
Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Wed, 07 Mar 2007 08:37:59 GMT)
City Settles With Woman Losing Home
SPRINGDALE -- As of May 1, Guadalupe Morales will not have a home. She will, however, own a piece of property worth more than 100,000 with only a loan of 2,855 against it. (Wed, 07 Mar 2007 08:40:22 GMT)
The True Economics Of Refinancing A Mortgage
A mortgage is more than a monthly payment. It is a debt instrument used to finance an asset . On a household's balance sheet , a mortgage is a liability and, as such, is subtracted from a household's assets, which include the value of the home, to determine a household's net worth . Too many consumers fall into the trap of refinancing a mortgage in order to lower their monthly payments without ... (Wed, 07 Mar 2007 09:16:55 GMT)
Fed chief warns on mortgage lenders
Federal Reserve chairman Ben Bernanke urged Congress yesterday to bolster regulation of mortgage giants Fannie Mae and Freddie Mac , and suggested limiting their massive holdings to guard against any danger their debt poses to the overall economy. (Wed, 07 Mar 2007 09:21:34 GMT)
Deval's bad call
Will Deval Patrick make a call on my behalf next time I need to refinance my mortgage? (Wed, 07 Mar 2007 09:24:36 GMT)
Mortgage applications jump to two-month high, MBA says
WASHINGTON (MarketWatch) -- With interest rates falling, the number of mortgage applications as tracked by the Mortgage Bankers Association rose by 7.3% on a seasonally adjusted basis last week compared to the prior week, marking the highest in two months. (Wed, 07 Mar 2007 12:09:07 GMT)
U.S. home loan refinancing surges as rates plunge
U.S. mortgage applications jumped last week as borrowers emerged in droves to refinance their existing home loans as interest rates fell to their lowest since early December, an industry trade group said on Wednesday. (Wed, 07 Mar 2007 12:22:07 GMT)
U.S. MBA's Mortgage Applications Index Increased 7.3% (Update1)
March 7 (Bloomberg) -- Mortgage applications in the U.S. last week rose to the highest level in almost three months as lower borrowing costs boosted home purchases and refinancing, an industry report showed today. (Wed, 07 Mar 2007 12:34:28 GMT)
ARM vs. fixed-rate mortgage
Which is the better mortgage option for you: fixed or adjustable? The low initial cost of adjustable-rate mortgages, or ARMs, can be very tempting to home buyers, yet they carry a degree of uncertainty. Fixed-rate mortgages offer rate and payment security, but they can be more expensive. (Wed, 07 Mar 2007 12:37:48 GMT)
The Home Buying Process: Step by Step
(ARA) - Buying a home can be a very intimidating process, especially if you've never done it before. So the first thing you should do before you start is to figure out whether owning a home is right for you. (Wed, 07 Mar 2007 12:46:22 GMT)
Mortgage applications surge as rates fall
Mortgage Bankers Association's weekly index shows that interest rates edged downward to lowest level since early December. (Wed, 07 Mar 2007 13:03:58 GMT)
Lowest rates of year push up mortgage demand
Mortgage applications jumped last week as borrowers emerged in droves to refinance their existing home loans as interest rates fell to their lowest since early December, an industry trade group said Wednesday. (Wed, 07 Mar 2007 15:46:05 GMT)
U.S. MBA's Mortgage Applications Index Increased 7.3% (Update1)
March 7 (Bloomberg) -- Mortgage applications in the U.S. last week rose to the highest level in almost three months as lower borrowing costs boosted home purchases and refinancing, an industry report showed today. (Wed, 07 Mar 2007 16:21:15 GMT)
Home loan refinancing surges as rates plunge
Mortgage applications jumped last week as borrowers emerged in droves to refinance existing home loans as interest rates fell to their lowest level since early December, an industry trade group said on Wednesday. (Wed, 07 Mar 2007 16:38:30 GMT)
How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Wed, 07 Mar 2007 16:48:04 GMT)
Home loan refinancing surges as rates plunge
NEW YORK (Reuters) - Mortgage applications jumped last week as borrowers emerged in droves to refinance existing home loans as interest rates fell to their lowest level since early December, an industry trade group said on Wednesday. (Wed, 07 Mar 2007 16:58:39 GMT)
Mortgage Applications Hit 2-Month High
With interest rates falling, the number of mortgage applications rose last week to its highest level in two months, the Mortgage Bankers Association reported Wednesday. (Wed, 07 Mar 2007 17:04:34 GMT)
Mortgage lender shuts down amid rising home loan defaults
SACRAMENTO - Defaults have claimed the first home lending casualty in the Sacramento region with the demise of Folsom-based Central Pacific Mortgage. (Wed, 07 Mar 2007 17:09:07 GMT)
International Assets Completes Loan Facility in Mexican Housing Sector
NEW YORK----International Assets Holding Corporation today announced that its subsidiary INTL Trading, Inc., on February 27, 2007, as sole structuring agent, successfully closed a loan drawdown facility for the Mexico Home Group , one of Mexico's main developers in the affordable housing sector. (Wed, 07 Mar 2007 17:15:00 GMT)
FBI: Mortgage Fraud a Growing Problem
The number of mortgage fraud cases investigated by the FBI almost doubled the past three years, reflecting a problem that is "pervasive and growing," the bureau said Wednesday in its annual report on financial crimes. (Wed, 07 Mar 2007 18:16:53 GMT)
FBI: Mortgage Fraud a Growing Problem
The number of mortgage fraud cases investigated by the FBI almost doubled the past three years, reflecting a problem that is "pervasive and growing," the bureau said Wednesday in its annual report on financial crimes. (Wed, 07 Mar 2007 18:16:53 GMT)
FBI: Mortgage fraud cases nearly doubled in past 3 years
The number of mortgage fraud cases investigated by the FBI almost doubled the past three years, reflecting a problem that is "pervasive and growing," the bureau said in its annual report on financial crimes. (Wed, 07 Mar 2007 19:08:05 GMT)
Fremont, New Century Advance as Report Shows More Refinancing
March 7 (Bloomberg) -- Fremont General Corp. and New Century Financial Corp. shares rose as mortgage-lending stocks rebounded for a second day, buoyed by a report showing an increase in home- loan refinancing and rising prospects for takeovers. (Wed, 07 Mar 2007 19:19:36 GMT)
FBI mortgage fraud probes nearly double
U.S. mortgage fraud is "pervasive and growing," the FBI said Wednesday in a report that noted the number of such cases had nearly doubled in three years. (Wed, 07 Mar 2007 20:09:07 GMT)
Fremont, New Century Rise as Loan Refinancings Surge (Update1)
March 7 (Bloomberg) -- Fremont General Corp. and New Century Financial Corp. led mortgage-lending stocks higher for a second day, buoyed by a report showing an increase in home-loan refinancing and rising prospects for takeovers. (Wed, 07 Mar 2007 21:05:55 GMT)
Fremont, New Century Rise as Loan Refinancings Surge (Update2)
March 7 (Bloomberg) -- Fremont General Corp. and New Century Financial Corp. led mortgage-lending stocks higher for a second day, buoyed by a report showing an increase in home-loan refinancing and rising prospects for takeovers. (Wed, 07 Mar 2007 22:34:18 GMT)
Low interest rates boost home loan applications (1:37 p.m.)
Home sales remain slow, but the lowest interest rates since mid-December have sparked a jump in mortgage applications as more borrowers refinance existing home loans. (Wed, 07 Mar 2007 23:31:00 GMT)
GM may owe $1B for bad mortgage loans
General Motors Corp. may owe $1 billion to cover bad mortgage loans its former finance arm made to high-risk U.S. borrowers, a published report said ... (Wed, 07 Mar 2007 23:54:17 GMT)
Mortgage Applications Hit Two-Month High
With interest rates falling, the number of mortgage applications rose last week to its highest level in two months, the Mortgage Bankers Association reported. (Thu, 08 Mar 2007 00:30:03 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 Mar 2007 02:44:32 GMT)
FBI says number of mortgage fraud investigations have almost doubled in past 3 years
WASHINGTON The F-B-I says the number of mortgage fraud cases it's investigating has almost doubled in the past three years. (Thu, 08 Mar 2007 05:08:09 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 Mar 2007 05:51:28 GMT)
Tennessee Home Loans Expert The Mortgage Depot Announces New Florida Home Loan Services
The Mortgage Depot has expanded its Tennessee home loans service and is now able to assist Florida residents in obtaining great financing terms (Thu, 08 Mar 2007 07:01:00 GMT)
Mortgage banker cites rise in defaults in laying off 76
VANCOUVER -- Millennium Funding Group in Vancouver, affected by mortgage defaults in the subprime lending market, has laid off 76 employees, its parent company said Wednesday. (Thu, 08 Mar 2007 08:04:18 GMT)
Tennessee Home Loans Expert The Mortgage Depot Announces New Florida Home Loan Services
The Mortgage Depot has expanded its Tennessee home loans service and is now able to assist Florida residents in obtaining great financing terms (PRWeb Mar 8, 2007) Post Comment:Trackback URL: http://www.prweb.com/zingpr.php/RW1wdC1Db3VwLVRoaXItU3VtbS1NYWduLVplcm8= (Thu, 08 Mar 2007 08:08:07 GMT)
FBI dealt with more mortgage fraud
The number of mortgage-fraud cases investigated by the FBI almost doubled in the last three years, reflecting a problem that is "pervasive and growing," the bureau said yesterday in its annual report on financial crimes. (Thu, 08 Mar 2007 08:31:52 GMT)
Financing a Car with a Home Equity Loan - LendingTree.com Shares the Facts
Car dealerships are constantly trumpeting their "zero-percent" financing deals. While these may sound attractive, these deals are sometimes too good to be true. Those in the market for a new car might want to consider a different form of financing for their purchase: a home equity loan or home equity line of credit (HELOC). Often used to pay for home renovations, this tool is also sometimes a ... (Thu, 08 Mar 2007 08:39:47 GMT)
FBI: mortgage fraud cases have doubled
WASHINGTON -- The number of mortgage fraud cases investigated by the FBI almost doubled the past three years, reflecting a problem that is "pervasive and growing," the bureau said Wednesday in its annual report on financial crimes. The bureau said its mortgage fraud cases increased from 436 in 2003 to 818 in 2006, and acknowledged that its case load likely represents a small piece of the ... (Thu, 08 Mar 2007 09:03:00 GMT)
Cases of Mortgage Fraud Up, FBI Says
The number of mortgage fraud cases investigated by the FBI almost doubled in the past three years, reflecting a problem that is "pervasive and growing," the bureau said yesterday in its annual report on financial crimes. (Thu, 08 Mar 2007 09:24:37 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. (Thu, 08 Mar 2007 10:34:15 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. (Thu, 08 Mar 2007 10:34:25 GMT)
FBI mortgage fraud investigations snowball
WASHINGTON -- The number of mortgage fraud cases investigated by the FBI almost doubled in the past three years, reflecting a problem that is "pervasive and growing," the bureau said Wednesday in its annual report on financial crimes. (Thu, 08 Mar 2007 10:46:51 GMT)
Stable mortgage rates MAY turn the market around
Mortgage interest rates are expected to remain relatively low throughout 2007, but it's not certain that will spark a full-fledged rebound of the real estate market this year. (Thu, 08 Mar 2007 11:00:00 GMT)
Home loan requests rising
Applications last week at nearly 3-month high Mortgage applications rose last week to the highest level in almost three months as lower borrowing costs boosted home purchases and refinancing. (Thu, 08 Mar 2007 11:30:54 GMT)
Mortgage lenders rally on refinancing data
Loan applications on rise, report says Fremont General Corp. and NovaStar Financial Inc. led shares of mortgage lenders higher for the second day in a row Wednesday, buoyed by a report showing an increase in home-loan refinancing and rising prospects for takeovers. (Thu, 08 Mar 2007 11:31:44 GMT)
Getting a Mortgage with Bad Credit
(ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. (Thu, 08 Mar 2007 12:34:07 GMT)
How do mortgage lenders get in trouble? They take big risks
Q: How do mortgage companies like New Century Financial (NEW) lose money since they require 20% down from borrowers? (Thu, 08 Mar 2007 13:16:15 GMT)
New Century gets a $265M helping hand
Net proceeds from a lender will be used to refinance some of the mortgage lender's existing obligations; large shareholder resigns from board. (Thu, 08 Mar 2007 15:18:48 GMT)
Muhlenkamp Loses Ground in Mortgage-Market Shakeout (Update1)
March 8 (Bloomberg) -- Ronald Muhlenkamp's $2.4 billion Muhlenkamp Fund, which lost value just once in the past 12 years, is getting hurt by the shakeout in the U.S. mortgage market. (Thu, 08 Mar 2007 15:36:05 GMT)
Mortgage Applications See Springtime Bounce
KNOX COUNTY (March 8): With the spring selling season just around the corner, and mortgage rates falling, mortgage applications rebounded last week, according to the Mortgage Bankers Association. (Thu, 08 Mar 2007 15:52:24 GMT)
Mortgage rates hit year low
Mortgage rates eased last week hitting their lowest level this year, hurt by concerns about the U.S. economy and the recent shake up in overseas stock markets, Freddie Mac reported Thursday. (Thu, 08 Mar 2007 16:03:48 GMT)
U.S. mortgage rates hit 2007 lows
CHICAGO (MarketWatch) -- Uncertainties about the strength of the U.S. economy helped push the interest rate on the benchmark 30-year fixed-rate mortgage to its lowest level this year, Freddie Mac's chief economist said on Thursday. (Thu, 08 Mar 2007 16:54:02 GMT)
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