Mortgage News Mar 2007
Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006
Previous 1 2 3 4 5 6 7 8 9 Next
Primer on subprime loans, troubles in the mortgage industry
The subprime mortgage mess is a major contributor to this month's stock market swoon. Here are answers to questions about the situation. Q: What is a subprime loan? A: There is no official definition. It's generally described as a loan to a... (Thu, 15 Mar 2007 11:45:06 GMT)
IndyMac Calls Its Exposure to Subprime Mortgage Market `Small'
March 15 (Bloomberg) -- IndyMac Bancorp Inc., the ninth biggest U.S. mortgage lender, said its exposure to subprime mortgages is ``small,'' as the company tries to stem a 36 percent drop in its stock price this year. (Thu, 15 Mar 2007 11:51:15 GMT)
Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, 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. (Thu, 15 Mar 2007 11:51:34 GMT)
How to Deduct Refinancing Points
Unlike when you buy a home, points on a refinancing are deducted over the life of the mortgage. (Thu, 15 Mar 2007 11:52:49 GMT)
Subprime mortgage troubles could still spread pain
The subprime mortgage meltdown, while dramatic, isn't likely to push the U.S. economy into recession. (Thu, 15 Mar 2007 11:55:25 GMT)
Australian mortgage company target of takeover interest
GE and Macquarie bank are reported to be among the suitors for RAMS Mortgage. (Thu, 15 Mar 2007 12:07:04 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. (Thu, 15 Mar 2007 14:15:18 GMT)
Mortgage malaise may bring recession: Merrill
House prices could tumble 10 percent this year and force the United States into recession if a credit crunch taking shape in the mortgage market gathers steam, Merrill Lynch said in research notes this week. (Thu, 15 Mar 2007 14:41:48 GMT)
Home-buying seminar set for this Saturday
"Homebuying 101" - a three-hour seminar - is from 1-4 p.m. Saturday at Great Lakes Mortgage Specialists, 1100 Torrey Road, Suite 400. Topics include deciphering credit scores, budgeting for a new home and understanding the loan process. (Thu, 15 Mar 2007 15:04:32 GMT)
Subprimes fail to shake mortgage rates
Mortgage rates remained largely unchanged last week despite news of a shakeout in the subprime industry. (Thu, 15 Mar 2007 15:34:50 GMT)
Merrill note: Mortgage problems could slap down housing prices sharply
House prices could tumble 10% this year if a credit crunch taking shape in the mortgage market gathers steam, Merrill Lynch said in research notes this week. (Thu, 15 Mar 2007 16:14:09 GMT)
Sen Clinton Calls Subprime Mortgage Loan Market 'Broken'
WASHINGTON -(Dow Jones)- Sen. Hillary Clinton, D-N.Y., labeling the subprime mortgage loan market "broken," has called for a level playing field for all home buyers in the U.S. (Thu, 15 Mar 2007 17:53:06 GMT)
U.S. Mortgage Lenders Rise on PHH Sale, Takeover Speculation
March 15 (Bloomberg) -- Shares of U.S. mortgage companies rose after buyout firm Blackstone Group LP agreed to buy PHH Corp.'s home-lending business and Bear Stearns Cos. said it's interested in buying more subprime loans. (Thu, 15 Mar 2007 18:04:23 GMT)
Sen. Clinton calls for subprime mortgage action
WASHINGTON (Reuters) - Presidential hopeful Hillary Clinton on Thursday called for incentives for U.S. lenders to identify troubled mortgages, offer "a foreclosure timeout" and possibly revise repayment terms amid the widening subprime mortgage crisis. (Thu, 15 Mar 2007 18:08:54 GMT)
Risking home to help friend unwise
Dear Debt Adviser: My friend has several credit-card accounts totaling more than $35,000 in debt. My friend has a steady, well-paying job. But the debt-to-income ratio is too high for the banks, so a personal loan could not be approved and tapping into home equity is out of the question. (Thu, 15 Mar 2007 18:24:41 GMT)
Greenspan Expects Subprime Mortgage Fallout to Spread (Update1)
March 15 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said he expects the fallout from subprime-mortgage defaults to spread to other parts of the economy, especially if home prices decline. (Thu, 15 Mar 2007 18:50:55 GMT)
Spring mortgage guide
Spring time is almost upon us. That means homebuyers are awakening from their winter slumber. We'll tell you what you need to know if you're looking for a mortgage lender this spring. (Thu, 15 Mar 2007 19:33:48 GMT)
Mortgage woes: More trouble for retailers
Wal-Mart, Kmart, Target and big chains that cater to low-income consumers could take a direct hit from the turmoil in the mortgage market, industry experts warned. (Thu, 15 Mar 2007 19:33:58 GMT)
State blocks mortgage company from operating in Ohio
Ohio has obtained a temporary order in court to stop the mortgage loan provider New Century Financial Corp. from operating in the state. (Thu, 15 Mar 2007 21:23:11 GMT)
Home loans more expensive for blacks
Mortgage lenders sell a disproportionate share of high-cost, or subprime, home loans to blacks and other minorities in big cities across the US, according to two new reports. (Thu, 15 Mar 2007 21:25:48 GMT)
Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, 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. (Thu, 15 Mar 2007 21:30:34 GMT)
Prime Buying at Thornburg Mortgage
Based in Santa Fe, N.M., Thornburg Mortgage is a single-family residential-mortgage lender with a real-estate investment trust tax structure and is not exposed to the subprime menace. (Thu, 15 Mar 2007 21:44:00 GMT)
Making Sense Of The Mortgage Mess
When General Motors Corp.'s ( GM ) fourth-quarter results missed analysts' estimates on Mar. 14, the reason probably took some people by surprise: mortgage loans gone bad. (Thu, 15 Mar 2007 22:16:44 GMT)
Mortgage meltdown sinks more than those on edge
Unlike many borrowers who took out subprime loans, Andy Sobel had good credit, a decent job and modest savings, but he needed to stretch to buy a home in the white-hot San Diego housing market in 2004. (Thu, 15 Mar 2007 23:18:21 GMT)
Sen. Clinton calls for subprime mortgage action
Presidential hopeful Hillary Clinton called on Thursday for incentives for U.S. lenders to identify troubled mortgages, offer "a foreclosure timeout" and possibly revise repayment terms amid the widening subprime mortgage crisis. (Thu, 15 Mar 2007 23:39:44 GMT)
Realty Q&A: Mortgage lenders defend no-cost refinancing
WASHINGTON (MarketWatch) -- This column hit the mother lode with last week's answer to reader Brent Roundtree's question regarding no-cost mortgages. My response all but vilified yield spread premiums, which is the name given to the "back-end" fee funding lenders pay originating brokers for loans with interest rates that are above the market. See previous Realty Q&A. (Thu, 15 Mar 2007 23:54:16 GMT)
New York Mortgage Trust Reports Year End and Fourth Quarter 2006 Results
New York Mortgage Trust, Inc. , a self-advised residential mortgage finance company organized as a real estate investment trust , today reported results for the three and twelve months ended December 31, 2006. (Fri, 16 Mar 2007 02:00:00 GMT)
How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Fri, 16 Mar 2007 02:01:22 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, 16 Mar 2007 03:17:41 GMT)
Mortgage Scam Claims Dozens Of Victims
A mortgage scam in the Northland has claimed dozens of victims, KMBC's Jim Flink reported Thursday. (Fri, 16 Mar 2007 03:23:29 GMT)
US mortgage woes could be tip of iceberg: economists
The worst may not be over for the US mortgage sector, whose shakiness has rippled across financial markets worldwide, many economists say. (Fri, 16 Mar 2007 04:16:17 GMT)
Help for Homeowners, Not a Bailout for Mortgage Pushers
It was predictable that once the outlines of the coming mortgage crisis came into view, housing activists would propose some sort of federal bailout. In the new Democratic Congress, they're likely to get a serious hearing. (Fri, 16 Mar 2007 06:13:01 GMT)
Town Pump helps home care nurses keep rolling
Barrett Hospital Foundation recently received a generous donation of $2,000 from the Town Pump Food Store Charitable Foundation in Butte for Barrett Hospital’s Home Health and Hospice “Fuel Fund.” To date, Pioneer Federal Savings and Loan and Big Sky Motors in Dillon have provided two cars for staff to use for patient visits. (Fri, 16 Mar 2007 06:32:39 GMT)
Harbor Mortgage Solutions Names Robert Donahue Reverse Mortgage Consultant
The reverse mortgage market is one of the sectors that offers expanded career opportunities for dedicated professionals interested in helping seniors age in place by tapping into the equity in their homes. [PR.com - March 16, 2007] (Fri, 16 Mar 2007 07:11:42 GMT)
Tougher mortgage laws urged to protect consumers
WASHINGTON — Housing advocates on Thursday said tougher laws are needed to protect consumers from lenders pushing high-interest home loans, warning of a growing "mortgage tsunami" affecting millions of Americans, particularly in minority neighborhoods. (Fri, 16 Mar 2007 07:13:19 GMT)
UC keeps employee loan aid
University of California regents do not plan to tighten the rules of a UC-operated home loan program that's been criticized for growing beyond its mission to help young professors break into the housing market. (Fri, 16 Mar 2007 07:14:48 GMT)
AG assails mortgage-broker bill
Colorado Attorney General John Suthers said this week he opposes a push to license mortgage brokers, saying the legislation is poorly written. (Fri, 16 Mar 2007 07:23:41 GMT)
Coalition urges home loan reform
Community groups warn of growing 'mortgage tsunami.' | A coalition of housing groups and advocates for the poor on Thursday said tougher laws are needed to protect consumers from lenders pushing high-interest home loans. They warned of a growing ''mortgage tsunami'' affecting millions of Americans, particularly minorities. (Fri, 16 Mar 2007 07:28:56 GMT)
Stocks up on drop in home-loan concerns
U.S. stocks climbed a second day on fading home-loan concerns after the Bear Stearns Cos. Inc.'s earnings report and the proposed acquisition of a mortgage company by General Electric Co. (Fri, 16 Mar 2007 07:35:32 GMT)
GE to buy PHH for $1.8b and sell mortgage unit
NEW YORK -- General Electric Co.'s commercial-finance division has agreed to buy PHH Corp. for $1.8 billion and then sell the company's residential-mortgage division to Blackstone Group LP. (Fri, 16 Mar 2007 09:09:35 GMT)
Minorities getting lion's share of subprime mortgage loans
Mortgage lenders in the Chicago area made more high-cost, subprime home loans to African-American borrowers than they did to white borrowers, a survey of lenders in six cities found. (Fri, 16 Mar 2007 09:23:45 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, 16 Mar 2007 11:15:06 GMT)
Congress warned of mortgage tsunami'
Washington -- A coalition of housing groups and advocates for the poor on Thursday said tougher laws are needed to protect consumers from lenders pushing high-interest home loans. They warned of a growing "mortgage tsunami" affecting millions of Americans, particularly minorities. (Fri, 16 Mar 2007 11:15:51 GMT)
Pulling equity from your home
Dear Dr. Don, I was wondering whether it would be a good idea to refinance. My home is worth $200,000 and I owe $40,000 on the mortgage. I wanted to refinance for $80,000 to pay off student loans and credit cards where I am paying 18 percent interest. I still have 18 years left on the mortgage. (Fri, 16 Mar 2007 11:38:40 GMT)
Mortgage bloodbath?
(Pic)- A house is seen for sale in this undated file photo. The subprime mortgage meltdown is hitting more than people living on the financial edge ( Enlarge Pic ). REUTERS/ Files (Fri, 16 Mar 2007 13:31:08 GMT)
UPDATE: Realty Q&A: Mortgage Lenders Defend No-cost Refinancing
WASHINGTON (Dow Jones) -- This column hit the mother lode with last week's answer to reader Brent Roundtree's question regarding no-cost mortgages. (Fri, 16 Mar 2007 13:52:55 GMT)
US Mortgage Liquidity Crisis Spreading to Private Equity
Mark McQueen submits: If you are trying to track your own lenders involvement in the subprime market, here are some helpful stats from Marketwatch : Top U.S. Subprime Mortgage Lenders Rank/Lender/Location/Q4 2006 originations, in U.S. billions 1 HSBC Finance Prospect Heights, IL $12.3 2 New Century Financial Irvine, [... ] (Fri, 16 Mar 2007 13:57:58 GMT)
Prime Buying at Thornburg Mortgage
Based in Santa Fe, N.M., Thornburg Mortgage is a single-family residential-mortgage lender with a real-estate investment trust tax structure and is not exposed to the subprime menace. (Fri, 16 Mar 2007 14:02:00 GMT)
Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen. (Fri, 16 Mar 2007 15:36:49 GMT)
Winnebago Chief: Loan Crisis May Hurt RV Market
Executives in many industries are wondering if a subprime mortgage-loan crisis will affect their own profits. Refinancing provides homeowners with more money, which many use to buy big-ticket items. Winnebago CEO Bruce Hertzke says he's worried, since rising energy prices have already hurt RV sales. (Fri, 16 Mar 2007 15:50:58 GMT)
Fitch Rates ComEd's $300MM First Mortgage Bond Issuance 'BBB'; On Watch Negative
NEW YORK----Fitch Ratings has rated Commonwealth Edison Company's new $300 million issue of First Mortgage 5.90% Bonds, Series 103, due 2036 'BBB'. The Ratings are placed on Ratings Watch Negative along with ComEd's outstanding debt securities. (Fri, 16 Mar 2007 16:45:00 GMT)
First mortgage-backed securities ETF debuts despite subprime mess
BOSTON (MarketWatch) -- Most specialized exchange-traded funds are launched on a market segment when it's hot, but considering the subprime-lending market's well-publicized woes, that's certainly not the case with a new ETF that provides exposure to mortgage-backed securities. (Fri, 16 Mar 2007 18:53:56 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, 16 Mar 2007 19:49:17 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." (Fri, 16 Mar 2007 19:49:27 GMT)
U.S. Mortgage Firms Rise as Fremont Gets Credit Line (Update2)
March 16 (Bloomberg) -- Shares of U.S. mortgage companies rose for a third day as Fremont General Corp., the third-biggest provider of subprime loans through brokers, said Credit Suisse AG increased its line of credit to the company to $1 billion. (Fri, 16 Mar 2007 19:49:33 GMT)
FHA Comes to the Rescue Of the Credit-Challenged
With the subprime mortgage industry in free fall, where do home buyers with less-than-perfect credit turn for financing? (Fri, 16 Mar 2007 19:59:53 GMT)
U.S. Mortgage Firms Rise as Fremont Gets Credit Line (Update3)
March 16 (Bloomberg) -- Shares of U.S. mortgage companies rose for a third day as Fremont General Corp., the third-biggest provider of subprime loans through brokers, said Credit Suisse AG increased its line of credit to the company to $1 billion. (Fri, 16 Mar 2007 20:49:33 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, 16 Mar 2007 21:58:20 GMT)
New York Mortgage Trust Down on 4Q Loss
Real estate investment trust New York Mortgage Trust Inc. shares dropped to an all-time low Friday after fourth-quarter earnings came in below analysts' expectations. (Fri, 16 Mar 2007 22:20:24 GMT)
Two Ex-Metropolitan Mortgage Executives Settle SEC Fraud Case
WASHINGTON -(Dow Jones)- The former controller at Metropolitan Mortgage & Securities Co. accepted a five-year ban on serving as an officer or director of a public company to settle charges tied to an accounting fraud at the Spokane, Wash., real estate company, which collapsed in 2004. (Fri, 16 Mar 2007 22:38:06 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, 16 Mar 2007 22:44:57 GMT)
Capstead Mortgage Declares Dividend
Capstead Mortgage Corp., a real estate investment trust, on Friday said it will pay a quarterly dividend of 2 cents per share, payable on April 20 to shareholders of record as of March 30. (Fri, 16 Mar 2007 23:19:52 GMT)
Equity First to Publish Refinance Guide for Sub-Prime Borrowers
Senior loan officer Kristina Benson of Newport Beach, California was tired of lying to loan applicants about the products her company was offering. As a direct response to the lies, manipulation, fraud, and deceit she witnessed while in the sub-prime mortgage industry, she wrote "So You Want to Refinance: An Insider's Guide to Refinancing Adjustable Rate Mortgages and Home Loans". The book walks ... (Fri, 16 Mar 2007 23:31:00 GMT)
Expert: Mortgage Defaults Won't Key Recession
Subprime mortgages fed a huge rise in home ownership over the last few years -- and those high levels are likely to fall when many homeowners are unable to make their payments. So says MIT economics professor Bill Wheaton. But he also says mortgage defaults won't likely trigger a recession. (Fri, 16 Mar 2007 23:36:09 GMT)
Housing slowdown may pinch small business
When Carol Venzin needed a loan to fund her hair salon business, the bank was happy to help -- provided she pledged her home as collateral. (Sat, 17 Mar 2007 00:45:47 GMT)
Accredited Home Lenders plans to sell loans at a loss to meet lenders' margin calls
Accredited Home Lenders Holding Co. (Nasdaq: LEND) said Friday it plans to sell $2.7 billion of loans at a discount to satisfy margin calls from lenders and stave off a liquidity crisis caused by rising defaults on mortgages given to high-risk borrowers. (Sat, 17 Mar 2007 00:49:40 GMT)
Xceed Mortgage presents issue of $500M-plus in mortgage-backed notes
TORONTO (CP) - Xceed Mortgage Corp. (TSX:XMC), which lends to homebuyers the banks avoid, has announced plans to issue more than $500 million in mortgage-backed securities. (Sat, 17 Mar 2007 01:48:52 GMT)
Native home loan benefits
"It's pretty much a 100 percent loan, and it's not credit score driven," said Brain Bell, loan officer with American Mortgage Group, Inc. (Sat, 17 Mar 2007 03:19:02 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, 17 Mar 2007 03:42:03 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, 17 Mar 2007 03:42:54 GMT)
High-Cost Home Loans More Common in Pr. George's
Residents of majority-black Prince George's County are much more likely to be saddled with high-interest home loans than residents of predominantly white areas in the rest of the region, placing them at greater risk of financial distress and foreclosure. (Sat, 17 Mar 2007 04:23:13 GMT)
Town Pump helps home care nurses keep rolling
Barrett Hospital Foundation recently received a generous donation of $2,000 from the Town Pump Food Store Charitable Foundation in Butte for Barrett Hospital’s Home Health and Hospice “Fuel Fund.” To date, Pioneer Federal Savings and Loan and Big Sky Motors in Dillon have provided two cars for staff to use for patient visits. (Sat, 17 Mar 2007 06:46:57 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, 17 Mar 2007 09:33:45 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, 17 Mar 2007 10:18:25 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, 17 Mar 2007 11:36:38 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? (Sat, 17 Mar 2007 13:47:27 GMT)
Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Sat, 17 Mar 2007 14:31:02 GMT)
Report: Ameriquest, Option One Mortgage responsible for bulk of foreclosures in region
LEOMINSTER -- Two subprime lenders, Option One Mortgage and Ameriquest, were the source of the largest number of foreclosures in North Central Massachusetts in 2005, a study released Friday shows. (Sat, 17 Mar 2007 15:08:31 GMT)
A Timely Turnaround With a Reverse Mortgage
Before getting a reverse mortgage, Frances Tolson's financial life was a struggle. (Sat, 17 Mar 2007 15:12:56 GMT)
Loan Loser: Home-Financing a Car
Would you take out a 30-year car loan? (Sat, 17 Mar 2007 15:13:16 GMT)
Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, 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, 17 Mar 2007 16:14:58 GMT)
Auto Refinancing Puts Gas Money in Your Pocket
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. The price of a barrel of crude oil recently peaked at $77 dollars. (Sat, 17 Mar 2007 16:43:03 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? (Sat, 17 Mar 2007 16:43:23 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, 17 Mar 2007 18:02:54 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, 17 Mar 2007 18:42:44 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. (Sat, 17 Mar 2007 18:43:04 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. (Sat, 17 Mar 2007 19:38:44 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, 17 Mar 2007 23:29:56 GMT)
Screws tighten on strapped home buyers
With time ticking on his adjustable rate mortgage, Mark Lamb has been trying to refinance to a fixed rate and save himself from a $400 monthly payment increase come July. The response from lenders is always the same: Pay down your debt and improve your credit score, both of which have been the same since he got the mortgage two years ago. Refinancing is "a lot more difficult now," Lamb said. "It ... (Sun, 18 Mar 2007 00:06:17 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, 18 Mar 2007 02:49:16 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, 18 Mar 2007 03:47:58 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. (Sun, 18 Mar 2007 06:00:21 GMT)
Town Pump helps home care nurses keep rolling
Barrett Hospital Foundation recently received a generous donation of $2,000 from the Town Pump Food Store Charitable Foundation in Butte for Barrett Hospital’s Home Health and Hospice “Fuel Fund.” To date, Pioneer Federal Savings and Loan and Big Sky Motors in Dillon have provided two cars for staff to use for patient visits. (Sun, 18 Mar 2007 06:16:39 GMT)
Borrowing From Home Equity To Buy A Car Can Be Costly
Would you take out a 30-year car loan? OK, you're probably thinking that sounds outrageous, so let me take it down a bit. How about a 10-year auto loan? (Sun, 18 Mar 2007 07:17:32 GMT)
Steer clear of using home investment to finance purchase of auto
The use of home-equity loans, lines of credit and cash-out refinancing to buy an automobile grew in the past decade as interest rates dropped and property values soared. (Sun, 18 Mar 2007 07:26:17 GMT)
A hard fall for Irvine mortgage lender
When the sub-prime lending business came crashing down, few fell harder than New Century. As mortgage lender New Century Financial Corp. collapsed last week, some of the Irvine company's top salespeople relaxed at scenic Dromoland Castle in Ireland, which boasts that it pampers guests like they were "landed gentry." (Sun, 18 Mar 2007 07:28:21 GMT)
Simple math shows equity loan pitfalls
W ould you take out a 30-year car loan? (Sun, 18 Mar 2007 07:49:22 GMT)
Subprime-mortgage issues scaring investors
New York -- Some people might wonder if the angst over problems in the subprime mortgage market is overblown, but that hasn't stopped some investors from using it as a reason to pare their stock portfolios. (Sun, 18 Mar 2007 08:10:06 GMT)
Mortgage crackdown
If you're planning to buy or refinance a home soon, you'd better be ready to have a higher down payment and more scrutiny of your income than you needed a few weeks ago. (Sun, 18 Mar 2007 09:00:21 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, 18 Mar 2007 09:33:45 GMT)
Mortgage CEO defends New Century
The head of Impac Mortgage Holdings Inc. says investment banks have overreacted to the Irvine lender's delinquency problems. (Sun, 18 Mar 2007 10:03:16 GMT)
Why Your Home Isnʼt The Investment You Think It Is
Planning your retirement? Donʼt bet the house on it. Your home means a lot of things to you, most of them good. Your home gives comfort ... (Sun, 18 Mar 2007 10:14:45 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, 18 Mar 2007 10:17:54 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, 18 Mar 2007 10:44:38 GMT)
Home Roulette: Gambling with your house
Increasing numbers of homeowners are defaulting on risky mortgages taken out during the refinancing boom of recent years. In the first part of a three-day series, the Asbury Park Press examines the high cost of borrowing. (Sun, 18 Mar 2007 10:47:31 GMT)
Why subprime mortgage crisis may have impact on stocks, lending and spending
"No credit, no savings -- no problem!" That could be the motto for the subprime lending industry. And that simple slogan might just end up knocking the props out from under the U.S. economy. Until a few months ago, someone with tarnished credit... (Sun, 18 Mar 2007 10:59:47 GMT)
Mortgage insurance premium becomes deductible this year
New legislation just was passed that will allow taxpayers who itemize their deductions to deduct premiums paid for mortgage insurance. Currently, only the interest you're paying on your mortgage is deductible and then only if you itemize deductions. This should be great news, right? (Sun, 18 Mar 2007 11:29:47 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, 18 Mar 2007 11:51:59 GMT)
Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Sun, 18 Mar 2007 12:13:34 GMT)
City fields numerous complaints about home rehabilitation program
When Darren and Marcella Kincaid signed up for the city of Springfield's home-deferred loan program, they expected a contractor to significantly improve their home on South Wirt Street. (Sun, 18 Mar 2007 12:21:48 GMT)
Get The Facts On The Sub-Prime Mortgage Meltdown
These risky mortgages aren't really so complex or exotic — they're junk mortgages plain and simple. (Sun, 18 Mar 2007 13:27:15 GMT)
Investors may bolt over fears of home loan woes
NEW YORK — Some people might wonder whether the angst over problems in the subprime mortgage market is overblown, but that hasn't stopped some investors from using it as a reason to pare their stock portfolios. (Sun, 18 Mar 2007 14:13:09 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, 18 Mar 2007 15:00:55 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." (Sun, 18 Mar 2007 15:48:04 GMT)
Wall Street awaits housing data, Fed
The stock market proved again last week that it's vulnerable to bad news relating to U.S. subprime mortgage lenders. This week should give investors a clearer view of the housing market's health, and whether it's stable enough to stave off an overflow of that sector's troubles into the wider economy. (Sun, 18 Mar 2007 19:13:40 GMT)
Many Homes At Risk Amidst Market Decline
The turmoil in the mortgage market for homebuyers with poor credit history could put tens of thousands of Massachusetts residents at risk of losing their homes in a state where foreclosures already are spiking. (Sun, 18 Mar 2007 19:51:00 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, 18 Mar 2007 20:00:22 GMT)
Is economy headed for depression?
This week, like everyone reading the headlines, Answer Desk readers are a tad nervous about this whole housing market, subprime mortgage lending debacle. But readers like Michael in Colorado — who see a full-blown depression coming — are getting a little ahead of themselves. Answer Desk, by John W. Schoen. (Sun, 18 Mar 2007 20:43:32 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, 18 Mar 2007 20:49:56 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. (Mon, 19 Mar 2007 02:29:45 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, 19 Mar 2007 02:30:04 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? (Mon, 19 Mar 2007 03:37:58 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, 19 Mar 2007 03:43:31 GMT)
The Pros, Getting Conned
The Great Mortgage Meltdown of 2007 recalls the beginning of the dot-com implosion in 2000. Once again, paper wealth is going up in smoke; once again, Wall Street banks that created the dud securities turn out to have been imperfect guides as to their value. But the current financial meltdown also differs importantly from the tech bust. (Mon, 19 Mar 2007 03:50:35 GMT)
Homeowner says lender didn't help on mortgage
Loraine Matthews, behind in her mortgage payments, said she has called New Century frequently in recent months to try to work out a repayment plan but each call has left her more worried. (Mon, 19 Mar 2007 04:02:36 GMT)
Japan's Bonds May Gain on Concern Export Demand Will Weaken
March 19 (Bloomberg) -- Japan's government bonds may gain, extending a four-week rally, as rising home-loan delinquencies in the U.S. fuel concern of an economic slowdown in the Asian nation's largest export market. (Mon, 19 Mar 2007 04:02:41 GMT)
Keep your home within your range
Virginia and Roy Starkes refinanced their home in Richmond, Va., four times after buying it 15 years ago. (Mon, 19 Mar 2007 04:04:23 GMT)
A subprime sales season: Home loan woes could yield price cuts in Bay State
The subprime-mortgage sector's sudden implosion is putting some frost into forecasts for the Bay State housing market's crucial spring season. "I was looking for a recovery - or at least... (Mon, 19 Mar 2007 04:07:01 GMT)
Finding the right loan for the right home requires business strategy
If you're in the market for a mortgage for a new or existing home, use the same strategies that you would use to succeed in your business - planning, delegating, research and strategic thinking - and you'll come out ahead. (Mon, 19 Mar 2007 04:29:08 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, 19 Mar 2007 05:23:09 GMT)
Mortgage reset may boost foreclosures: study
NEW YORK (Reuters) - About 1.1 million additional home foreclosures are expected over the next six years as adjustable-rate mortgages -- which made home buying more affordable to U.S. buyers in recent years -- reset to higher payments, according to a study by research firm First American CoreLogic. (Mon, 19 Mar 2007 05:47:47 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, 19 Mar 2007 05:50:58 GMT)
Town Pump helps home care nurses keep rolling
Barrett Hospital Foundation recently received a generous donation of $2,000 from the Town Pump Food Store Charitable Foundation in Butte for Barrett Hospital’s Home Health and Hospice “Fuel Fund.” To date, Pioneer Federal Savings and Loan and Big Sky Motors in Dillon have provided two cars for staff to use for patient visits. (Mon, 19 Mar 2007 06:01:40 GMT)
Adjustable-rate mortgage may be an acceptable risk
Q . Should my newly married daughter get an adjustable-rate mortgage or fixed-rate mortgage if she only plans to stay in their newly purchased home for five years? (Mon, 19 Mar 2007 06:14:03 GMT)
Homeowner says lender didn't help on mortgage
Loraine Matthews, behind in her mortgage payments, said she has called New Century frequently in recent months to try to work out a repayment plan but each call has left her more worried. (Mon, 19 Mar 2007 07:02:26 GMT)
How to avoid mortgage default
Trouble begins with a slow-motion descent toward your first missed mortgage payment. It's a queasy feeling thousands of Sacramento-area homeowners know too well as their houses slip away. (Mon, 19 Mar 2007 07:04:06 GMT)
New Mortgage-Backed Securities ETF Introduced
Greg Newton submits: Cleantechs been a bit of a phenomenon in ETF-Land over recent months, so its nice to see that BGI Friday launched the worlds first toxic waste ETF. Specifically, it's the iShares Lehman MBS Fixed-Rate Bond Fund , based on the performance of investment grade fixed-rate mortgage-backed pass-through securities [... ] (Mon, 19 Mar 2007 08:23:55 GMT)
Bad luck, poor decisions put widow on brink of losing home
Kathy Fritsky says her first mistake was not paying off her $54,000 mortgage when her husband died nine years ago. (Mon, 19 Mar 2007 08:47:51 GMT)
Avoid using home equity to buy a vehicle
Would you take out a 30-year car loan? OK, you're probably thinking that sounds outrageous, so let me take it down a bit. How about a 10-year auto loan? (Mon, 19 Mar 2007 10:04:26 GMT)
Mortgage adjusting seen boosting foreclosures
Study: 1.1 million more home foreclosures expected over next 6 months. (Mon, 19 Mar 2007 10:33:48 GMT)
Barclays Launches First Mortgage Based Securities ETF
Barclays Global Investors launched Friday the first mortgage-backed securities ETF, its iShares Lehman MBS Fixed-Rate Bond Fund, which trades under the symbol MBB. The new ETF has an expense ratio of 0.25%, and tracks an index of investment-grade fixed-rate mortgage-backed securities of government-sponsored mortgage issuers Ginnie Mae, Freddie Mac and Fannie Mae. (Mon, 19 Mar 2007 11:21:32 GMT)
Finding a home to buy is fun. Landing a mortgage to fit your lifestyle is more complicated. Here's some help.
Finding a home to buy is fun. Landing a mortgage to fit your lifestyle is more complicated. Here's some help. (Mon, 19 Mar 2007 11:22:08 GMT)
Mortgage lenders offer a variety of home loan options. Find the mortgage that fits your circumstances.
What type of mortgage is best for you? Mortgage lenders offer many features and restrictions that can be added to a variety of mortgage programs, but the following eight mortgage loans are the basic types you will encounter. (Mon, 19 Mar 2007 11:23:50 GMT)
Before applying for a mortgage, get your credit in shape. Any of these five moves could sabotage your mortgage approval.
The key to getting the best mortgage rate is good credit. A 2004 study by the U.S. PIRG, the federation of state Public Interest Research Groups, found that one in four adults have serious errors on their credit reports. Not small errors either. (Mon, 19 Mar 2007 11:23:59 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, 19 Mar 2007 11:49:06 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, 19 Mar 2007 11:51:48 GMT)
Nortel Networks (NT) Announces Earnings, Accredited Home Lenders Sells Loan Portfolio
Futures are pointed higher this morning, indicating a positive start to the session...( Read More ) (Mon, 19 Mar 2007 12:09:07 GMT)
Ahead of the Bell: Mortgage Insurance
As people miss payments on their mortgages more frequently, the insurers who write policies covering mortgage defaults will take a significant hit to earnings in 2007 but remain profitable, a Friedman Billings Ramsey analyst said Monday. (Mon, 19 Mar 2007 12:41:18 GMT)
Mortgage and Housing Market Going Strong North of the Border announces MortgageBrokers.com
As the U.S. housing market falters, with the demise of Subprime lenders such as Accredited home lenders and New Century Mortgage the latest figures show all aspects of the Canadian market going strong with experts predicting a refinance boom. (Mon, 19 Mar 2007 13:00:00 GMT)
US Technology Launches Mortgage BPO Practice at the Gartner Outsourcing Summit
DALLAS----US Technology, a leading provider of IT services and Business Process Outsourcing solutions for Global 2000 enterprises, today announced at the Gartner Outsourcing Summit the launch of their Mortgage BPO practice. (Mon, 19 Mar 2007 13:09:00 GMT)
Previous 1 2 3 4 5 6 7 8 9 Next
Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006
medical insurance |
e real estate pro |
auto donation |
senior care site |
online pet info |
local plastic surgery |
here |
online lawyer |
online gift resources |
night clubs |
click here |
click here |
useful mortgage resources |
real estate online |
home security guide |
local plastic surgery |
online bankruptcy attorneys |
Business Tax |
buy insurance |
rehabilitation site |
mortgage site |
travel resources |
law info |
drug addiction recovery
