Mortgage News Mar 2007
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Your Home: 5 tips if you're in too deep
Bo and Ana Apostolache loved their three-bedroom home on a cul-de-sac near Irvine, Calif. when they bought it six years ago. Best of all, they could easily cover the $1,400 monthly payments on their $175,000 mortgage. (Mon, 19 Mar 2007 13:18:58 GMT)
Study: More Foreclosures Likely as Mortgage Rates Rise
According to a study, the number of foreclosures is likely to rise as adjustable-rate mortgage rates rise in the next six years. (Mon, 19 Mar 2007 13:57:35 GMT)
Deducting Costs of Refinancing Your Home
Taxpayers who refinanced their homes may be eligible to deduct some costs associated with their loans. The term "points" is used to describe certain charges paid to obtain a home mortgage. (Mon, 19 Mar 2007 14:02:58 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 16:02:54 GMT)
Give your credit score a makeover
Your credit score can be the difference between getting a good home loan and getting stuck with higher monthly payments. (Mon, 19 Mar 2007 16:18:48 GMT)
Santander to offer new delayed-repayment mortgage product
MADRID (MarketWatch) -- Spain's Santander Central Hispano SA Monday said it will offer a new mortgage product that exempts homeowners from repayments of both loan principal and interest for one year after buying their property. Seeking to prolong the country's long-running mortgage boom, Spanish lenders are targeting younger customers and immigrants, many of whom were earlier priced out of the ... (Mon, 19 Mar 2007 16:52:31 GMT)
SEC Investigating Problems In Subprime Loan Market
WASHINGTON -(Dow Jones)- The U.S. Securities and Exchange Commission's enforcement division has begun an investigation of the subprime loan market following recent revelations of problems stemming from mortgages issued to people with poor credit histories. (Mon, 19 Mar 2007 17:23:16 GMT)
One analyst thinks subprime mess won't sink home builders
BOSTON (MarketWatch) -- One of most consistently bullish Wall Street analysts covering home builders during the housing downturn argues that the hand-wringing over the subprime-mortgage market and its potential impact on the already beaten-down group may be exaggerated. (Mon, 19 Mar 2007 17:23:56 GMT)
Ex-Metropolitan Mortgage Execs Settle
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. (Mon, 19 Mar 2007 17:33:20 GMT)
Countrywide Home Loans Encourages Homeowners to Conduct Annual Mortgage Check Up
Homeowners should regularly reevaluate their home loans for refinance opportunities. (Mon, 19 Mar 2007 17:35:00 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 17:38:21 GMT)
Subprime mortgage woes keep home builders glum in March
Deepening problems in the subprime mortgage sector, which caters to borrowers with weak credit histories, chipped away at U.S. home builder confidence in March, the National Association of Home Builders said Monday. (Mon, 19 Mar 2007 18:05:28 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 18:12:54 GMT)
Countrywide Home Loans Encourages Homeowners to Conduct Annual Mortgage Check Up
Homeowners should regularly reevaluate their home loans for refinance opportunities. (PRWeb Mar 19, 2007) Post Comment:Trackback URL: http://www.prweb.com/chachingpr.php/UHJvZi1GYWx1LUNvdXAtRmFsdS1NYWduLVplcm8= (Mon, 19 Mar 2007 18:17:18 GMT)
*Sebastian River Holding Signs Letter Of Intent With Pelican Capital Mortgage Lending
(RTTNews) - Sebastian River Holding (SBRV.PK) Signs Letter of Intent With Pelican Capital Mortgage Lending. (Mon, 19 Mar 2007 18:23:36 GMT)
Sebastian River Holding Signs Letter Of Intent With Pelican Capital Mortgage Lending - Quick Facts
(RTTNews) - Sebastian River Holding's Inc. (SBRV.PK), announced that it has signed a letter of intent with one of the leading mortgage lenders of Florida, Pelican Capital Mortgage Lending Inc, out of New Port Richey, Florida. (Mon, 19 Mar 2007 18:37:55 GMT)
How the Sub-Prime Mortgage Crisis Could Spread
Excerpt from fund manager John Hussman's weekly essay on the U.S. market: According to the latest Mortgage Bankers Association survey, the loan delinquency rate increased during the fourth quarter of 2006 for all loan types. (Mon, 19 Mar 2007 20:04:42 GMT)
State Orders Lender To Stop Taking Loan Applications
IRVINE, Calif. -- Rhode Island is among the states issuing cease and desist orders to a California home lender to people with weak credit. (Mon, 19 Mar 2007 21:39:05 GMT)
Local woman arrested on mortgage fraud charges
An Alpharetta lawyer was arrested by the FBI Monday morning for her role in an alleged mortgage fraud scheme. (Mon, 19 Mar 2007 22:19:16 GMT)
Committee approves mortgage broker licensing bill
Mortgage brokers would face new licensing requirements under a bill lawmakers moved forward Monday. (Mon, 19 Mar 2007 22:26:35 GMT)
Fortress-managed REIT steps into subprime mortgage crisis
SAN FRANCISCO (MarketWatch) -- Newcastle Investment Corp., a real estate investment trust managed by hedge fund giant Fortress Investment Group, is stepping into the subprime mortgage market as others are fleeing a credit crunch. (Mon, 19 Mar 2007 22:38:56 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 23:17:33 GMT)
SEC investigating subprime mortgage companies
WASHINGTON - The Securities and Exchange Commission is investigating a number of companies that operate in the troubled market for subprime mortgage loans, the agency's top enforcement official said Monday. (Mon, 19 Mar 2007 23:21:36 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? (Mon, 19 Mar 2007 23:45:43 GMT)
Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Tue, 20 Mar 2007 01:18:38 GMT)
Getting a Mortgage with Bad Credit
(ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. (Tue, 20 Mar 2007 03:33:27 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? (Tue, 20 Mar 2007 03:42:22 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, 20 Mar 2007 06:55:56 GMT)
Mortgage Loan Fraud Drives Demand for Reputable Loan Officers
According to the FBI, fraud in the mortgage loan industry is on the rise, costing the industry between $946 million and $4. (Tue, 20 Mar 2007 07:01:00 GMT)
Countrywide Home Loans Offers Home Mortgage Ideas That Help Make the Dream of Home Ownership a Reality
Home Loan experts suggest managing your mortgage can make home buying easier (Tue, 20 Mar 2007 07:01:00 GMT)
Adjustable Rate Mortgage 2007: GuideToLenders.com Resources on ARM Affordability
With $600 to $700 billion in current adjustable rate mortgages (ARM) forecast to be refinanced into new loans, GuideToLenders.com's new article on ARM resets for 2007 provides timely information to homeowners concerned about their mortgage payments going up this year. Homeowners interested in refinancing their adjustable rate mortgage for a fixed-rate loan in 2007 can turn to GuideToLenders.com ... (Tue, 20 Mar 2007 07:09:52 GMT)
Mortgage Loan Fraud Drives Demand for Reputable Loan Officers
According to the FBI, fraud in the mortgage loan industry is on the rise, costing the industry between $946 million and $4.2 billion in 2006. Using resources, such as the LoanPage.com mortgage company directory, reduces risk for potential borrowers by connecting them with reputable, licensed loan officers. LoanPage.com, a complete source of mortgage loan tools and lenders, offers resources for ... (Tue, 20 Mar 2007 07:12:03 GMT)
U.S. Home Mortgage, LLC Secures New Sources of Funding for New and Approved Loans Cancelled by Sub-prime Lenders
U.S. Home Mortgage, LLC today announced it has secured credible lenders to originate new loans and fund approved loans previously being handled by sub-prime lenders that have closed down or cancelled loan programs due to recent guideline changes in the sub-prime mortgage market. This action taken on behalf of U.S. Home Mortgage, LLC to bring on new investors is intended to eliminate risking ... (Tue, 20 Mar 2007 07:12:12 GMT)
U.S. Home Mortgage, LLC Continues to Bring On New Investors and Products Despite Recent Troubles in the Sub-prime Market
U.S. Home Mortgage CEO Mo Yousef announced today that his company is in good standing despite the recent changes in the housing market pertaining to sub-prime lending. Lenders are tightening up guidelines on sub-prime loans due to an increasing number of defaults in mortgage payments and foreclosures on homes. The cost of assuming such a risk is becoming too high for many lenders, forcing some to ... (Tue, 20 Mar 2007 07:12:22 GMT)
Countrywide Home Loans Offers Home Mortgage Ideas That Help Make the Dream of Home Ownership a Reality
Home Loan experts suggest managing your mortgage can make home buying easier (PRWeb Mar 20, 2007) Post Comment:Trackback URL: http://www.prweb.com/chachingpr.php/TWFnbi1IYWxmLVBpZ2ctRmFsdS1NYWduLVplcm8= (Tue, 20 Mar 2007 07:19:26 GMT)
Vacation Home Boom May Turn to Bust in Spain as Banks Recoil
March 20 (Bloomberg) -- Vacation home prices in Spain, a leading indicator of Europe's property market, may face a slump that's worse than the real estate decline in the U.S., based on the loan terms banks are imposing on developers. (Tue, 20 Mar 2007 07:21:35 GMT)
Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Tue, 20 Mar 2007 07:21:38 GMT)
Bill for mortgage broker license passes
A state licensing bill for mortgage brokers passed a Senate committee Monday with amendments designed to win wider support. (Tue, 20 Mar 2007 07:24:21 GMT)
S. Florida mortgage firms scrambling amid subprime squeeze
South Florida has much at stake in the furor over the quality of the so-called subprime mortgage market that sent Wall Street into a tizzy last week and has lenders across the nation re-examining loan portfolios. (Tue, 20 Mar 2007 07:28:52 GMT)
Taxpayers can deduct costs of refinancing home
Taxpayers who refinanced their homes might be eligible to deduct some costs associated with their loans. Generally, for taxpayers who itemize, the points paid to obtain a home mortgage may be deductible as mortgage interest. (Tue, 20 Mar 2007 07:35:11 GMT)
Mortgage lenders have flexibility in competing
Laws protect consumers against lenders' most aggressive practices, but for the most part, regulators have chosen to let the mortgage industry operate as a wide-open marketplace. (Tue, 20 Mar 2007 08:48:42 GMT)
Zoning hinders homeowners from refinancing
LIVINGSTON -- Belen Farnetti has been trying to refinance her mortgage and renovate her house, but a city rule meant to phase out homes in business areas has kept hammers from swinging. (Tue, 20 Mar 2007 09:24:01 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, 20 Mar 2007 09:34:35 GMT)
IRS Tax Tip: Deducting Costs of Refinancing Your Home
Taxpayers who refinanced their homes may be eligible to deduct some costs associated with their loans. (Tue, 20 Mar 2007 09:56:30 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. (Tue, 20 Mar 2007 10:34:12 GMT)
U.K Feb. Gross Mortgage Lending At GBP24.6 Bln - CML
(RTTNews) - In the United Kingdom, gross mortgage lending amounted to GBP24.6 billion in February, the Council of Mortgage Lenders said Tuesday. Gross lending fell 7% on month, while it rose 9% annually. Gross mortgage lending totaled GBP26.6 billion in January. (Tue, 20 Mar 2007 10:38:05 GMT)
Arizona among top 10 states for mortgage fraud
Arizona has shot up to No. 7 in a ranking of states with the greatest amount of mortgage fraud, blowing past the 23rd spot it held the previous year.{b} Special report: Mortgage fraud (Tue, 20 Mar 2007 10:49:15 GMT)
Accredited Announces $200 Million Term Loan Commitment
SAN DIEGO----Accredited Home Lenders Holding Co. announced today that it has received a commitment for a $200 million term loan from one or more entities managed by Farallon Capital Management®, L.L.C. . (Tue, 20 Mar 2007 11:02:00 GMT)
Accredited gets high-interest $200 mln loan
Subprime lender Accredited Home Lenders Holding Co. , trying to avoid a cash crunch, said on Tuesday it had received a five-year, $200 million loan with an annual interest rate of 13 percent. (Tue, 20 Mar 2007 11:49:22 GMT)
Accredited Home Lenders (LEND) Receives Loan, Delta Air Lines (DALRQ) to Give Stock to Employees
Futures have edged lower this morning, indicating a weak start to the session as investors anxiously await not only the start of the Federal Open Market Committee meeting, but also the release of February housing start figures...( Read More ) (Tue, 20 Mar 2007 12:00:26 GMT)
Survey: Arizona now ranks seventh for mortgage fraud
PHOENIX (AP) -- Arizona is moving up the list of state's with the greatest amount of mortgage fraud. According to data from the nation's largest lenders, Arizona has moved from 23rd to seventh. (Tue, 20 Mar 2007 12:02:10 GMT)
Accredited Home Gets $200 Million Loan From Hedge Fund Farallon
March 20 (Bloomberg) -- Accredited Home Lenders Holding Co., a California-based mortgage provider facing collateral calls by its financial backers, got a $200 million loan from hedge-fund manager Farallon Capital Management LLC. (Tue, 20 Mar 2007 12:13:53 GMT)
Accredited shares soar on loan deal
Subprime lender Accredited Home Lenders Holding Co. , trying to avoid a cash crunch, said on Tuesday it had received a five-year, $200 million loan with an annual interest rate of 13 percent. (Tue, 20 Mar 2007 12:24:03 GMT)
Accredited Home Gets $200 Million Loan From Farallon (Update1)
March 20 (Bloomberg) -- Accredited Home Lenders Holding Co., a California-based mortgage company facing collateral calls by its Wall Street backers, got a $200 million loan from hedge-fund manager Farallon Capital Management LLC. (Tue, 20 Mar 2007 12:27:44 GMT)
Accredited Home Gets $200 Million Loan
Subprime mortgage lender Accredited Home Lenders Holding Co. said Tuesday it received a commitment for a $200 million term loan from a San Francisco-based money manager. (Tue, 20 Mar 2007 12:52:29 GMT)
Accredited gets $200 million loan from hedge fund Farallon
NEW YORK (MarketWatch) -- Accredited Home Lenders Holding Co., continuing its struggle to remain liquid, said Tuesday that it got a $200 million loan from Farallon Capital Management, one of the largest hedge-fund firms. (Tue, 20 Mar 2007 12:53:18 GMT)
Houlihan-Parnes/iCap Realty Advisors Arranges Financing for Multifamily Properties
MARCH 19, 2007 -- Albany, N.Y. -- Houlihan-Parnes/iCap Realty Advisors LLC, headquartered in White Plains, N.Y., has arranged $9.6 million in first mortgage refinancing for multifamily properties in Albany, Binghamton and Kirkwood, N.Y. (Tue, 20 Mar 2007 14:05:01 GMT)
Accredited Home Gets $200 Million Loan From Farallon (Update3)
March 20 (Bloomberg) -- Accredited Home Lenders Holding Co., the San Diego-based subprime mortgage company facing a surge in defaults, got a $200 million loan from hedge-fund manager Farallon Capital Management LLC to bolster its cash reserves. (Tue, 20 Mar 2007 15:39:13 GMT)
Sheratons refinance $70M
Aztec Group said it has placed a $70 million first mortgage on the Sheraton Miami Mart and the Sheraton Orlando Downtown hotels. (Tue, 20 Mar 2007 16:00:10 GMT)
Accredited Home Gets $200 Million Loan From Farallon (Update4)
March 20 (Bloomberg) -- Accredited Home Lenders Holding Co. got a $200 million loan commitment from hedge fund Farallon Capital Management LLC, giving the money-losing subprime mortgage company time to attract more financing or find a buyer. (Tue, 20 Mar 2007 16:11:47 GMT)
Subprime Lender Takes Out Subprime Loan
Accredited Home Lenders Holding Co. bases its business on charging risky borrowers high interest rates. Now a risky borrower itself, the mortgage lender is paying heavily for a loan from a hedge fund. (Tue, 20 Mar 2007 16:16:22 GMT)
Arizona rises to top 10 in mortgage fraud
According to new research, mortgage fraud is on the rise across Arizona. (Tue, 20 Mar 2007 16:55:41 GMT)
Making sense of the mortgage mess
As the subprime-lending blowups mount, fears are growing that the carnage isn't over. But experts say the economy should be able to withstand the downdraft in the mortgage market. (Tue, 20 Mar 2007 17:38:18 GMT)
Survey: Arizona Ranks 7th for Mortgage Fraud
PHOENIX - Arizona has moved from 23rd to seventh in the ranking of states with the greatest amount of mortgage fraud, according to data from the nation's largest lenders. (Tue, 20 Mar 2007 17:44:10 GMT)
People's Choice Home Loan files for Chapter 11
People's Choice Home Loan Inc., a California-based mortgage lender to people with poor credit histories, filed for Chapter 11 bankruptcy protection on Tuesday, according to court papers. (Tue, 20 Mar 2007 17:53:55 GMT)
People's Choice Home Loan Files for Bankruptcy (Update2)
March 20 (Bloomberg) -- People's Choice Home Loan Inc., a mortgage lender for people with credit problems, filed for bankruptcy protection. (Tue, 20 Mar 2007 18:24:13 GMT)
Fannie Mae severing mortgage-selling deal with troubled lender
LOS ANGELES - Fannie Mae will no longer allow New Century Financial Corp. to sell mortgage loans to the U.S. government-sponsored company, alleging the troubled lender has breached the terms of its contracts, New Century said Tuesday. (Tue, 20 Mar 2007 19:02:25 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. (Tue, 20 Mar 2007 19:36:47 GMT)
Wells Fargo cutting 500 jobs in subprime mortgage division
SAN FRANCISCO Wells Fargo & Co. is eliminating more than 500 jobs in a division that makes home loans to high-risk borrowers, adding to the economic distress caused by the decaying subprime mortgage market. Most of the cutbacks, concentrated in South Carolina, Arizona and California, stem from Wells Fargo's recent decision to make it more difficult for borrowers with blemished credit records to ... (Tue, 20 Mar 2007 19:39:21 GMT)
Fannie Mae terminates mortgage relationship with New Century
New Century Financial Corp.'s New Century Mortgage Corp. and its subsidiaries can no longer sell mortgage loans directly to the Federal National Mortgage Association, or Fannie Mae, or serve as the primary servicer of Fannie Mae mortgage loans, the company said in a Tuesday Securities and Exchange Commission filing. (Tue, 20 Mar 2007 20:08:51 GMT)
Wells Fargo cutting 500 jobs in subprime mortgage division
Michael Liedtke March 20, 2007 - 3:58 p.m. SAN FRANCISCO (AP) - Wells Fargo & Co. is eliminating more than 500 jobs in a division that makes home loans to high-risk borrowers, adding to the economic distress caused by the decaying subprime mortgage market. (Tue, 20 Mar 2007 20:09:55 GMT)
Subprime Lender Takes Out Subprime Loan
Accredited Home Lenders Holding Co. bases its business on charging risky borrowers high interest rates. Now a risky borrower itself, the mortgage lender disclosed Tuesday that it is paying a hefty 13 percent interest for a loan from a hedge fund. (Tue, 20 Mar 2007 20:23:25 GMT)
Fannie Mae severing mortgage-selling deal with troubled lender
LOS ANGELES - Fannie Mae will no longer allow New Century Financial Corp. to sell mortgage loans to the U.S. government-sponsored company, alleging the troubled lender has breached the terms of its contracts,... (Tue, 20 Mar 2007 20:34:02 GMT)
Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Tue, 20 Mar 2007 21:08:14 GMT)
Parent of sub-prime mortgage lender files for bankruptcy
LOS ANGELES - People's Choice Financial, which operates a sub-prime mortgage unit, filed for Chapter 11 bankruptcy protection Tuesday. (Tue, 20 Mar 2007 21:20:13 GMT)
Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Tue, 20 Mar 2007 22:25:56 GMT)
Arizona Sits Seventh In Mortgage Fraud
Arizona shot from the twenty-third spot to the seventh ranked spot on the list for state's with the greatest amount of mortgage fraud. (Tue, 20 Mar 2007 22:36:44 GMT)
Head Of Sub-Prime Mortgage Unit Goes Bankrupt
People's Choice Financial Corporation, which operates a sub-prime mortgage unit, filed for Chapter Eleven bankruptcy protection today in Santa Ana. (Tue, 20 Mar 2007 23:37:00 GMT)
Getting a Mortgage with Bad Credit
(ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. (Wed, 21 Mar 2007 02:04:26 GMT)
Wells Fargo To Cut 500 Mortgage Jobs
SAN FRANCISCO - Wells Fargo & Co. is eliminating more than 500 jobs in a division that makes home loans to high-risk borrowers, adding to the economic distress caused by the decaying subprime mortgage market. (Wed, 21 Mar 2007 02:56:53 GMT)
People's Choice Home Loan files for Chapter 11
NEW YORK (Reuters) - People's Choice Home Loan Inc., a California-based mortgage lender to people with poor credit histories, filed for Chapter 11 bankruptcy protection on Tuesday, according to court papers. (Wed, 21 Mar 2007 03:10:07 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, 21 Mar 2007 04:01:42 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, 21 Mar 2007 05:12:56 GMT)
Penny Mortgage Leads Announces Bulk Mortgage Leads for a Penny Each
Mortgage Brokers are discovering that massive action is equaling massive results a lower cost. Penny Bulk Mortgage leads from 2006 are just as good in large numbers at low cost and helps mortgage brokers and loan officers beat the numbers game. (Wed, 21 Mar 2007 07:01:00 GMT)
Florida Families Struggle to pay rising mortgages says Credit Mortgage Group
Credit Mortgage Group reports that Rising mortgage payments in Florida are putting many families at risk of losing their home or falling badly behind in payments. However, careful refinancing can eliminate that risk, and keep families afloat. (Wed, 21 Mar 2007 07:01:00 GMT)
Penny Mortgage Leads Announces Bulk Mortgage Leads for a Penny Each
Mortgage Brokers are discovering that massive action is equaling massive results a lower cost. Penny Bulk Mortgage leads from 2006 are just as good in large numbers at low cost and helps mortgage brokers and loan officers beat the numbers game. (PRWeb Mar 21, 2007) Post Comment:Trackback URL: http://www.prweb.com/zingpr.php/Q3Jhcy1IYWxmLUNvdXAtRmFsdS1NYWduLVplcm8= (Wed, 21 Mar 2007 07:43:11 GMT)
Florida Families Struggle to pay rising mortgages says Credit Mortgage Group
Credit Mortgage Group reports that Rising mortgage payments in Florida are putting many families at risk of losing their home or falling badly behind in payments. However, careful refinancing can eliminate that risk, and keep families afloat. (PRWeb Mar 21, 2007) Post Comment:Trackback URL: http://www.prweb.com/dingpr.php/UGlnZy1GYWx1LUNvdXAtRmFsdS1NYWduLVplcm8= (Wed, 21 Mar 2007 07:50:49 GMT)
As name implies, Courtesy Mortgage strives to please customers
A new business in Madison promises to be courteous to clients. That promise is even in its name. Courtesy Mortgage, with the motto "Where Courtesy Is Common," has opened an office at the corner of Sullivan Street and Gin Oaks Court. (Wed, 21 Mar 2007 09:36:00 GMT)
Mortgage woes cost jobs Wells Fargo, NovaStar Mortgage eliminating positions in Bay Area
Job cuts loom in the East Bay and elsewhere in the Bay Area, as Wells Fargo & Co. and NovaStar Mortgage Inc. cope with mortgage ailments that have afflicted the struggling housing market. (Wed, 21 Mar 2007 09:58:14 GMT)
5 mortgage mess-ups
Before applying for a mortgage, get your credit in shape. Any of these five moves could sabotage your mortgage approval. (Wed, 21 Mar 2007 10:00:00 GMT)
Moody\'s assigns Ba3 to Home Credit and Finance Bank\'s Loan Participation Notes
Moody\'s has assigned a Ba3 long-term foreign currency rating to the senior unsecured Loan Participation Notes (LPN) expected to be issued on a limited-recourse basis by Eurasia Capital S.A., a Luxembourg-based special purpose vehicle, for the sole purpose of funding loans to Home Credit and Finance Bank Limited Liability Company (HCFB) . The amount of the issue and maturity will be determined at ... (Wed, 21 Mar 2007 10:01:53 GMT)
New iShares Mortgage-Backed ETF: No Subprime Holdings
Tom Lydon submits: A new ETF from Barclays launched Friday amid subprime mortgage market concerns. The iShares Lehman MBS Fixed-Rate Bond Fund provides exposure to mortgage-backed securities. (Wed, 21 Mar 2007 10:46:54 GMT)
Mortgage applications fall 2.7%
WASHINGTON (MarketWatch) -- Applications for mortgages at major U.S. lenders dropped 2.7% in the past week as interest rates rose, the Mortgage Bankers Association reported Wednesday. (Wed, 21 Mar 2007 11:07:38 GMT)
U.S. MBA's Mortgage Applications Index Fell 2.7% Last Week
March 21 (Bloomberg) -- Mortgage applications in the U.S. fell for the first time in four weeks as home purchases declined and fewer people refinanced, an industry report showed today. (Wed, 21 Mar 2007 11:09:23 GMT)
U.S. home loan demand drops for 1st time in 4 weeks
U.S. mortgage applications fell last week for the first time in four weeks, reflecting a drop in demand for home refinancing even as interest rates hovered near recent lows, an industry trade group said on Wednesday. (Wed, 21 Mar 2007 11:09:46 GMT)
Choosing an Interest Only Mortgage Option
(ARA) - There are so many types of mortgage programs available to home buyers that it can get difficult to keep them all separate. One of the latest types of programs that many people are taking advantage of is the Interest Only Mortgage option. (Wed, 21 Mar 2007 11:11:19 GMT)
Choosing an Interest Only Mortgage Option
(ARA) - There are so many types of mortgage programs available to home buyers that it can get difficult to keep them all separate. One of the latest types of programs that many people are taking advantage of is the Interest Only Mortgage option. (Wed, 21 Mar 2007 11:27:09 GMT)
Mortgage Lenders Network points fingers
HARTFORD, CT (2007-03-21) State regulators have applied for an arrest warrant for a senior executive of bankrupt Mortgage Lenders Network, claiming he's responsible for the non-payment of three million dollars in wages. WNPR's Harriet Jones reports. (Wed, 21 Mar 2007 11:28:40 GMT)
Mortgage demand drops despite low interest rates
Mortgage applications fell last week for the first time in four weeks, reflecting a drop in demand for home refinancing even as interest rates hovered near recent lows, an industry trade group said Wednesday. (Wed, 21 Mar 2007 12:01:06 GMT)
Simbhaoli Sugars Members Authorize Mortgage Of Properties
(RTTNews) - Simbhaoli Sugars shareholders authorized the company mortgage a part of or whole of the company's movable or immovable properties in favour of the Bankers or Govt. of India to secure financial assistance. (Wed, 21 Mar 2007 12:03:51 GMT)
Despite low rates, mortgage demand falls
Application activity drops for the first time in four weeks, Mortgage Bankers Association's seasonally adjusted index says. (Wed, 21 Mar 2007 12:18:27 GMT)
Home loan demand drops for 1st time in 4 weeks
U.S. mortgage applications fell last week for the first time in four weeks, reflecting a drop in demand for home refinancing even as interest rates hovered near recent lows, an industry trade group said on Wednesday. (Wed, 21 Mar 2007 15:08:52 GMT)
U.S. Home Loan Applications Fall
U.S. mortgage applications fell last week for the first time in four weeks amid a decrease in demand for home refinancing. (Wed, 21 Mar 2007 15:17:26 GMT)
SEC investigating subprime mortgage companies
WASHINGTON - The Securities and Exchange Commission is investigating a number of companies that operate in the troubled market for subprime mortgage loans, the agency's top enforcement official said Monday. (Wed, 21 Mar 2007 16:06:33 GMT)
Bank of Montreal Stops Using Mortgage Brokers (Update1)
March 21 (Bloomberg) -- Bank of Montreal, Canada's fourth largest lender by assets, has stopped using outside mortgage brokers and will instead expand its own sales force, said Frank Techar, the head of consumer banking. (Wed, 21 Mar 2007 17:09:41 GMT)
U.S. home loan demand drops for 1st time in 4 weeks
NEW YORK (Reuters) - U.S. mortgage applications fell last week for the first time in four weeks, reflecting a drop in demand for home refinancing even as interest rates hovered near recent lows, an industry trade group said on Wednesday. (Wed, 21 Mar 2007 17:32:22 GMT)
Why the Economy Cannot Withstand More Mortgage Foreclosure
Michael Panzner submits: According to the Wall Street Journal, the "Economy Can Withstand More Mortgage Foreclosures." However, when you read the article, you realize that the optimistic outlook depends on two very big -- and very unlikely -- assumptions. (Wed, 21 Mar 2007 17:56:50 GMT)
Fitch Rates $1.15B Soundview Home Loan Trust, Asset-Backed Ctfs, Series 2007-WMC1
NEW YORK----Fitch has rated the Soundview Home Loan Trust, asset-backed certificates, series 2007-WMC1, which closed on March 21, 2007 as follows: $946.29 million classes I-A-1, II-A-1, III-A-1 through III-A-4 'AAA'; $40.04 million class M-1 'AA+'; $36.51 million class M-2 'AA'; $21.79 million class M-3 'AA-'; $19.43 million class M-4 'A+'; $17.67 million class M-5 'A'; $17.08 million class M-6 ... (Wed, 21 Mar 2007 17:58:00 GMT)
Getting a Mortgage with Bad Credit
(ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. (Wed, 21 Mar 2007 19:21:19 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, 21 Mar 2007 19:21:39 GMT)
Bank of Montreal Stops Using Mortgage Brokers (Update2)
March 21 (Bloomberg) -- Bank of Montreal, Canada's fourth largest lender by assets, has stopped using outside mortgage brokers and will instead expand its own sales force, said Frank Techar, the head of consumer banking. (Wed, 21 Mar 2007 20:54:41 GMT)
No more easy mortgage money as lenders tighten standards
CHICAGO (MarketWatch) -- The era of easy mortgage money has disappeared in the wake of problems in loans made to some of the riskiest borrowers at the height of the housing boom, with lenders now asking for more financial documents, bigger down payments and proof of greater credit responsibility from would-be borrowers. (Wed, 21 Mar 2007 21:08:08 GMT)
REAL ESTATE: No More Easy Mortgage Money As Lenders Tighten Standards
CHICAGO (Dow Jones) -- The era of easy mortgage money has disappeared in the wake of problems in loans made to some of the riskiest borrowers at the height of the housing boom, with lenders now asking for more financial documents, bigger down payments and proof of greater credit responsibility from would-be borrowers. (Wed, 21 Mar 2007 21:31:30 GMT)
Choosing an Interest Only Mortgage Option
(ARA) - There are so many types of mortgage programs available to home buyers that it can get difficult to keep them all separate. One of the latest types of programs that many people are taking advantage of is the Interest Only Mortgage option. (Wed, 21 Mar 2007 21:57:19 GMT)
Senator faults Fed on subprime mortgage crisis
Connecticut Democratic Sen. Christopher Dodd on Wednesday laid blame for the subprime mortgage market crisis at the feet of federal regulators. (Wed, 21 Mar 2007 22:32:49 GMT)
Economy - Wednesday
After four weeks of increases, the Mortgage Bankers Association's seasonally adjusted applications activity index fell 2.7% to 672.1 in the week ended Mar. 16. Applications are 19% below year-ago levels. But the 4-week average climbed 2.5%. Despite still-low interest rates, demand for refinancing and purchases dropped. The purchase index, seen as a gauge of current sales activity, fell 0.9% to ... (Wed, 21 Mar 2007 23:00:00 GMT)
South Korean Government Says Mortgage Loan System Is Well-Managed
SEOUL -(Dow Jones)- South Korea's mortgage system is well-managed, unlike the subprime mortgage in the U.S., and the delinquency ratio in non-banking financial institutions is relatively low, Vice Minister of Finance and Economy Kim Seok-Dong said Thursday. (Thu, 22 Mar 2007 03:01:40 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, 22 Mar 2007 03:49:29 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, 22 Mar 2007 03:56:12 GMT)
Fremont General quits high-risk mortgage biz: Mass. activists hail decision
One of the Bay State housing market's most aggressive subprime-mortgage lenders is quitting the business - prompting cheers from activists. "We don't need companies like Fremont General,"... (Thu, 22 Mar 2007 04:04:09 GMT)
ERATE Expands Vast Collection of Mortgage Calculators and Online Financial Tools
Home owners and other consumers in search of financing can take advantage of ERATE's expanding and comprehensive array of nearly 20 mortgage calculators and useful tools for financial analysis. (PRWeb Mar 22, 2007) Post Comment:Trackback URL: http://www.prweb.com/zingpr.php/Q3Jhcy1NYWduLVNxdWEtRmFsdS1NYWduLVplcm8= (Thu, 22 Mar 2007 07:18:56 GMT)
Mortgage Applications Begin to Rise, After a Long Decreasing Run, According to Reports
The number of mortgage applications begins to rise this week, after battling a long spout of decreasing number of mortgage applications, according to some MBA reports and shoprate.com (PRWeb Mar 22, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/SW5zZS1JbnNlLVNxdWEtRmFsdS1NYWduLVplcm8= (Thu, 22 Mar 2007 07:29:57 GMT)
Mortgage rates up slightly
A housing report that could be read optimistically sent mortgage rates higher, with the 30-year fixed rate rising to 6.19 percent, according to Bankrate's weekly survey of large lenders. (Thu, 22 Mar 2007 10:00:00 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, 22 Mar 2007 11:25:58 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, 22 Mar 2007 11:27:40 GMT)
Bankrate: Mortgage Rates Rise Due to Inflation Concerns
Mortgage rates rose slightly this week, with the average 30-year fixed mortgage rate moving to 6.19 percent. According to Bankrate.com's weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.29 discount and origination points. (Thu, 22 Mar 2007 11:30:00 GMT)
Choosing an Interest Only Mortgage Option
(ARA) - There are so many types of mortgage programs available to home buyers that it can get difficult to keep them all separate. One of the latest types of programs that many people are taking advantage of is the Interest Only Mortgage option. (Thu, 22 Mar 2007 11:40:14 GMT)
Choosing an Interest Only Mortgage Option
(ARA) - There are so many types of mortgage programs available to home buyers that it can get difficult to keep them all separate. One of the latest types of programs that many people are taking advantage of is the Interest Only Mortgage option. (Thu, 22 Mar 2007 11:54:05 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. (Thu, 22 Mar 2007 11:54:36 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, 22 Mar 2007 12:27:25 GMT)
Mortgage crisis overwhelming credit counselors
CINCINNATI, Ohio (Reuters) -- Until last year, financial counselors at the Home Ownership Center of Greater Cincinnati spent most of their time teaching Americans how to buy a first home. Now, they're deluged by broken and bereft homeowners facing foreclosure. (Thu, 22 Mar 2007 13:25:58 GMT)
Stocks drop as mortgage worries linger
Stocks slipped Thursday as lingering worries about the subprime mortgage market and rising oil prices led investors to reconsider extending this week's big rally. (Thu, 22 Mar 2007 14:27:01 GMT)
Choosing an Interest Only Mortgage Option
(ARA) - There are so many types of mortgage programs available to home buyers that it can get difficult to keep them all separate. One of the latest types of programs that many people are taking advantage of is the Interest Only Mortgage option. (Thu, 22 Mar 2007 14:33:58 GMT)
Regulators grilled over subprime mortgage woes
WASHINGTON (MarketWatch) -- Members of the Senate Banking Committee took regulators to task on Thursday for their oversight of the subprime mortgage market, which has imploded in recent months and left behind cash-strapped borrowers and cratered the profits of lenders. (Thu, 22 Mar 2007 14:38:08 GMT)
U.S. mortgage rates up just slightly in latest week
CHICAGO (MarketWatch) -- Mortgage rates moved only slightly over the week, according to Freddie Mac's weekly survey released on Thursday. (Thu, 22 Mar 2007 15:52:51 GMT)
Mortgage rates creep higher
Mortgage rates inched higher this week as new construction of new homes bounced back from a 9-year low, Freddie Mac reported Thursday. (Thu, 22 Mar 2007 16:03:27 GMT)
30-Year Mortgage Rates Edge Up Slightly
Rates on 30-year mortgages edged up slightly this week but still remained near the lowest level for the year. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.16 percent this week. (Thu, 22 Mar 2007 16:19:45 GMT)
Mortgage Rates Edge Upward
Rates on 30-year mortgages edged up slightly this week but still remained near the lowest level for the year. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.16 percent this week. (Thu, 22 Mar 2007 16:20:42 GMT)
Phillip Roy Financial Services Announces Free Mortgage Referral Program
BOCA RATON, Fla.----Phillip Roy Financial Services, a leading national life insurance and annuity seller, has announced a free mortgage referral program. (Thu, 22 Mar 2007 16:58:00 GMT)
Phillip Roy Financial Services Announces Free Mortgage Referral Program
Phillip Roy Financial Services, a leading national life insurance and annuity seller, has announced a free mortgage referral program. (PRWeb Mar 22, 2007) Post Comment:Trackback URL: http://www.prweb.com/chachingpr.php/RW1wdC1NYWduLUluc2UtRmFsdS1NYWduLVplcm8= (Thu, 22 Mar 2007 17:10:43 GMT)
Stocks Wobble As Mortgage Worries Linger
Stocks wobbled Thursday as lingering worries about the subprime mortgage market and rising oil prices led investors to reconsider extending this week's big rally. The Federal Reserve on Wednesday issued an economic assessment that the market... (Thu, 22 Mar 2007 18:07:56 GMT)
Stocks wobble as mortgage worries linger
Stocks wobbled Thursday as lingering worries about the subprime mortgage market and rising oil prices led investors to reconsider extending this week's big rally. (Thu, 22 Mar 2007 18:31:56 GMT)
Finding a mortgage in tougher times
The turmoil that began in the subprime sector has changed the dynamics of getting a mortgage. (Thu, 22 Mar 2007 18:35:01 GMT)
Subprime mortgage crisis may leave few independent players
SAN FRANCISCO (MarketWatch) -- The subprime mortgage crisis will likely decimate the crop of specialist companies that sprouted during the boom years of the sector, analysts said this week. (Thu, 22 Mar 2007 18:38:21 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? (Thu, 22 Mar 2007 18:42:56 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? (Thu, 22 Mar 2007 18:46:40 GMT)
Federal Home Loan Bank of Atlanta Declares First Quarter Dividend
The board of directors of Federal Home Loan Bank of Atlanta has approved an annualized dividend rate for the first quarter of 5.90 percent, applicable to capital stock held during the period from Jan. 1, 2007, to March 31, 2007. (Thu, 22 Mar 2007 18:50:00 GMT)
Bankrate: Mortgage Rates Rise Due to Inflation Concerns
NEW YORK, March 22 /PRNewswire-FirstCall/ -- Mortgage rates rose slightly this week, with the average 30-year fixed mortgage rate moving to 6. (Thu, 22 Mar 2007 21:26:20 GMT)
30-Year Mortgage Rates Edge Up Slightly
WASHINGTON -- Rates on 30-year mortgages edged up slightly this week but still remained near the lowest level for the year. (Thu, 22 Mar 2007 22:12:27 GMT)
Choosing an Interest Only Mortgage Option
(ARA) - There are so many types of mortgage programs available to home buyers that it can get difficult to keep them all separate. One of the latest types of programs that many people are taking advantage of is the Interest Only Mortgage option. (Thu, 22 Mar 2007 22:32:38 GMT)
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