Mortgage News Mar 2007

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If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Mon, 26 Mar 2007 22:09:02 GMT)

Dodd faults regulators in subprime mortgage fiasco
Connecticut Democratic Sen. Christopher Dodd said Monday that federal regulators have been "asleep at the switch" and must start exercising their authority to stop the hemorrhaging of the subprime mortgage market. (Mon, 26 Mar 2007 22:44:00 GMT)

Subprime Defaults May Spread to Auto Bonds, S&P Says (Update1)
March 26 (Bloomberg) -- Bonds backed by automobile loans may be hurt by rising subprime mortgage defaults as people with poor credit struggle with their household debt, according to Standard & Poor's. (Mon, 26 Mar 2007 23:57:07 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? (Tue, 27 Mar 2007 01:49:26 GMT)

California considers tighter lending rules for brokers, agents
California should increase its regulation of state-licensed mortgage brokers, credit unions and real estate agents as a way to discourage the type of risky lending that has left thousands of homeowners in or near foreclosure, a lawmaker said Monday. (Tue, 27 Mar 2007 02:07:51 GMT)

Auto Refinancing Puts Gas Money in Your Pocket
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. The price of a barrel of crude oil recently peaked at $77 dollars. (Tue, 27 Mar 2007 02:53:12 GMT)

New-home sales fall 3.9% in February to lowest rate in 7 years
The nation's home builders are scaling back their construction plans for the year, and a report Monday provided the clearest sign to date why: Sales of new homes plunged in February to their lowest point in nearly seven years, the Commerce Department said. (Tue, 27 Mar 2007 03:43:12 GMT)

Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Tue, 27 Mar 2007 04:09:45 GMT)

Think You're Paying Too Much on Your Car Loan?
(ARA) - You have probably heard of auto refinance before. Or simply refinance. The term actually refers to a financial situation wherein a borrower finds financing to pay off a current loan. (Tue, 27 Mar 2007 04:10:47 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, 27 Mar 2007 04:11:16 GMT)

State will help homeowners refinance their mortgages
COLUMBUS — As one response to Ohio's escalating mortgage foreclosure crisis, the Ohio Housing Finance Agency for the first time will provide homeowners with help in refinancing their mortgages. (Tue, 27 Mar 2007 05:23:11 GMT)

State will help homeowners refinance their mortgages
COLUMBUS — As one response to Ohio's escalating mortgage foreclosure crisis, the Ohio Housing Finance Agency for the first time will provide homeowners with help in refinancing their mortgages. (Tue, 27 Mar 2007 06:08:19 GMT)

Some bankrupt home buyers are pointing fingers at lenders
LOS ANGELES - A divorce led Daniel Peart to refinance his four-bedroom home with a subprime loan. Like many borrowers with spotty credit, the self-employed handyman said he agreed to a relatively high interest rate in exchange for two years of low, fixed payments. (Tue, 27 Mar 2007 06:59:51 GMT)

New Mortgage 'Rate Relief' Program Offers Discounted Rates as Low as 4% on Fixed Rate, Zero-Down Home Loans
Katz Mortgage Team, www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, announces a new mortgage program called "Rate Relief," which offers borrowers a discounted interest rate for the first two years of their home loan. This program can be used with a variety of loan products including 15- and 30-year fixed, interest only and Zero-down loans. (Tue, 27 Mar 2007 07:01:00 GMT)

Some worry mortgage defaults may hit car loans
Bonds backed by automobile loans may be hurt by rising subprime mortgage defaults as people with poor credit struggle with their household debt, according to Standard & Poor's. (Tue, 27 Mar 2007 07:08:41 GMT)

New Mortgage 'Rate Relief' Program Offers Discounted Rates as Low as 4% on Fixed Rate, Zero-Down Home Loans
Katz Mortgage Team, www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, announces a new mortgage program called "Rate Relief," which offers borrowers a discounted interest rate for the first two years of their home loan. This program can be used with a variety of loan products including 15- and 30-year fixed, interest only and Zero-down loans. (PRWeb Mar 27, 2007) Post Comment:Trackback ... (Tue, 27 Mar 2007 07:14:32 GMT)

Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Tue, 27 Mar 2007 07:44:47 GMT)

Bank hit by mortgage defaults
OceanFirst Financial Corp. said Monday it could be forced to buy back as much as $47 million in delinquent subprime real estate loans made last year by a mortgage subsidiary. (Tue, 27 Mar 2007 08:37:46 GMT)

Make mortgage lending more responsible
NOW THAT everyone is paying attention, let's review how we got here: Subprime loans became the mortgage flavor of the day several years ago. The worst kind of lenders preyed on the universal yearning for the American Dream -- homeownership -- and too often targeted African-Americans and Latinos with alluring, affordable, and ultimately deceptive sales pitches. (Tue, 27 Mar 2007 09:22:21 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. (Tue, 27 Mar 2007 09:23:55 GMT)

Auto Refinancing Puts Gas Money in Your Pocket
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. The price of a barrel of crude oil recently peaked at $77 dollars. (Tue, 27 Mar 2007 09:55:52 GMT)

Match a mortgage to your lifestyle
Mortgage lenders offer a variety of home loan options. Find the mortgage that fits your circumstance. (Tue, 27 Mar 2007 10:00:00 GMT)

Legislators cautious about subprime loan limits / Protective laws could also deprive people of 'American dream'
State legislators looking into the subprime lending crisis appeared reluctant Monday to move too aggressively on restricting home loans to borrowers with credit problems. A flat real estate market and rising interest rates have already caused thousands... (Tue, 27 Mar 2007 10:38:55 GMT)

Ahead of the Bell: Mortgage Market
A U.S. House committee hosts a hearing Tuesday on subprime and predatory mortgage lending trends, following recent turmoil in the mortgage arena. (Tue, 27 Mar 2007 10:45:31 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, 27 Mar 2007 11:09:30 GMT)

U.K Feb. Mortgage Approvals For House Purchases Down 5% On Year - BBA
(RTTNews) - In the United Kingdom, mortgage approvals for house purchases dropped 5% on year in February, the British Bankers' Association said Tuesday. House purchase approvals totaled 54,659 in February compared to 57,385 last year. (Tue, 27 Mar 2007 11:47:02 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, 27 Mar 2007 11:47:49 GMT)

Wharton School Real Estate Expert, Genworth Financial Launch 'U.S. Mortgage Payment Index'
Mortgage professionals and consumers "should take a look at more traditional financing tools" in today's turbulent housing market, according to Dr. Susan M. Wachter, Professor of Real Estate and Finance at the University of Pennsylvania's Wharton School. (Tue, 27 Mar 2007 12:34:00 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Tue, 27 Mar 2007 13:51:47 GMT)

State will help homeowners refinance their mortgages
COLUMBUS — As one response to Ohio's escalating mortgage foreclosure crisis, the Ohio Housing Finance Agency for the first time will provide homeowners with help in refinancing their mortgages. (Tue, 27 Mar 2007 13:55:14 GMT)

Fed's Braunstein Says Mortgage Delinquencies `Great Concern'
March 27 (Bloomberg) -- The Federal Reserve has ``great concern'' about the surge in mortgage delinquencies and foreclosures, said Sandra Braunstein, director of the Fed's Division of Consumer and Community Affairs. (Tue, 27 Mar 2007 14:27:37 GMT)

Fair Isaac sells part of its mortgage division
Fair Isaac Corp. announced Monday that it is selling part of its mortgage division to MortgageHub. (Tue, 27 Mar 2007 14:37:22 GMT)

Ohio offers refinancing plan for distressed homeowners
The Ohio Housing Finance Agency will issue $100 million in taxable municipal bonds in April as part of a refinancing program to help homeowners faced with foreclosure. (Tue, 27 Mar 2007 14:38:07 GMT)

U.S. Stocks Retreat on Declines in Home Prices and Confidence
March 27 (Bloomberg) -- U.S. stocks had their steepest drop in two weeks after declines in home prices and consumer confidence deepened concern that household spending may slow. (Tue, 27 Mar 2007 15:41:57 GMT)

In defense of sub-prime home lending
Q&A: Ed Munteanu, president, New World Capital, in Islandia, talks about the sub-prime home lending business Sub-prime loans to buy a home have been around for a long time, but they have rarely been in the headlines as much as now. Many sub-prime loan holders are defaulting and losing their homes after accepting adjustable mortgages that start out with low rates but those rates soar in two or ... (Tue, 27 Mar 2007 15:52:21 GMT)

FDIC's Bair Urges Congress to Pass U.S. Mortgage Law (Update1)
March 27 (Bloomberg) -- Congress should pass legislation setting a national anti-predatory lending standard that would apply to all mortgage lenders, a top U.S. bank regulator said. (Tue, 27 Mar 2007 16:12:17 GMT)

Growing number of states mull mortgage refinance
A growing number of state housing agencies are developing or considering issuing bonds to assist subprime mortgage holders to refinance their obligations at fixed rates, officials at housing agencies said on Tuesday. (Tue, 27 Mar 2007 16:34:55 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Tue, 27 Mar 2007 17:16:39 GMT)

U.S. Stocks Retreat on Declines in Home Prices and Confidence
March 27 (Bloomberg) -- U.S. stocks posted their steepest drop in two weeks after declines in home prices and consumer confidence deepened concern that household spending may slow. (Tue, 27 Mar 2007 17:26:47 GMT)

US Congress mulls mortgage reforms as foreclosures spike
US lawmakers voiced alarm Tuesday about surging home foreclosures, as over 500,000 Americans face losing their homes, and debated reforms to boost policing of mortgage lending. (Tue, 27 Mar 2007 18:45:58 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. (Tue, 27 Mar 2007 19:12:11 GMT)

CORRECTED: Growing number of US states mull mortgage refinance
(Corrects second paragraph to say refinance program is set for April 2 instead of bond issuance; third paragraph adds details on target, terms and eligibility) (Tue, 27 Mar 2007 19:48:13 GMT)

Subprime losses lead to drop in home ownership
About 2.4 million holders of subprime mortgage loans made between 1998 and 2006 will lose their properties to foreclosure, according to a report from the Center for Responsible Lending, a non-profit policy and advocacy organization for home owners. (Tue, 27 Mar 2007 20:03:37 GMT)

Growing number of U.S. states mull mortgage refinance
A growing number of state housing agencies are developing or considering issuing bonds to assist subprime mortgage holders to refinance their obligations at fixed rates, officials at housing agencies said on Tuesday. (Tue, 27 Mar 2007 20:11:40 GMT)

Fitch Rates Wachovia Mortgage Loan Trust, LLC $292MM Series 2007-A
NEW YORK----Fitch Ratings rates Wachovia Mortgage Loan Trust, LLC's $292.75 million mortgage pass-through certificates, series 2007-A, as follows: $281,040,100 classes 1-A-1, 1-A-2, 2-A-1, 2-A-2, 3-A-1, 3-A-2, 4-A-1, 4-A-2 and 1-A-R 'AAA' ; $6,002,000 class B-1 'AA'; $1,903,000 class B-2 'A'; $1,464,000 class B-3 'BBB'; $878,000 class B-4 'BB'; $732,000 class B-5 'B'. (Tue, 27 Mar 2007 20:58:00 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? (Tue, 27 Mar 2007 21:41:07 GMT)

EverBank purchases Bank of New York's BNY Mortgage Company
Jacksonville-based EverBank has purchased the Bank of New York's interests in its mortgage arm, the BNY Mortgage Company, the company announced Monday. (Tue, 27 Mar 2007 22:19:51 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Wed, 28 Mar 2007 00:59:46 GMT)

States look at ways to help subprime mortgage holders
A growing number of state housing agencies are developing or considering issuing bonds to assist subprime mortgage holders to refinance their obligations at fixed rates, officials at housing agencies said Tuesday. (Wed, 28 Mar 2007 00:59:55 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? (Wed, 28 Mar 2007 01:01:48 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, 28 Mar 2007 02:04:16 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. (Wed, 28 Mar 2007 03:49:44 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. (Wed, 28 Mar 2007 04:20:17 GMT)

Newly Resigned Beazer Exec Investigated for Mortgage Fraud
Bill Cara submits: A week ago, the Beazer Homes Exec VP & CFO resigned effective immediately. Yesterday the news broke from Business Week that Beazer is being investigated for mortgage fraud. (Wed, 28 Mar 2007 06:03:42 GMT)

Local business briefs: Mortgage firms open offices in Nashville
Northpointe Lending, the mortgage subsidiary of Northpointe Bank of Grand Rapids, Mich., said it has opened a Nashville lending office staffed by four mortgage lenders, including state sales manager Kevin Wilson. (Wed, 28 Mar 2007 07:10:20 GMT)

New Buyers Bonus Mortgage Program Allows Home Buyers to Skip Their First 6 Mortgage Payments
Katz Mortgage Team, www.katzmortgageteam.com/about.html, of Amtrust Mortgage Corporation, is pleased to offer a revolutionary new loan program called "Buyers Bonus" Mortgage Program, allowing new homebuyers to delay making their mortgage payments for up to 6 months. This loan can be used to purchase new construction or previously occupied houses and can be combined with 100% financing on fixed or ... (Wed, 28 Mar 2007 07:21:48 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, 28 Mar 2007 07:24:06 GMT)

Now's the time to refinance your home
The question is not only when to refinance, but why, according to Matt Coffin, president and founder of LowerMyBills.com. "Right now interest rates are low, but even if they weren't, there may be some people for whom refinancing makes sense," he says. (Wed, 28 Mar 2007 07:32:50 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Wed, 28 Mar 2007 09:24:17 GMT)

Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Wed, 28 Mar 2007 09:55:02 GMT)

The Home Buying Process: Step by Step
(ARA) - Buying a home can be a very intimidating process, especially if you've never done it before. So the first thing you should do before you start is to figure out whether owning a home is right for you. (Wed, 28 Mar 2007 10:04:38 GMT)

EverBank buys BNY Mortgage interest
The bank will focus more on its reverse mortgage products, which target an older group. (Wed, 28 Mar 2007 10:21:35 GMT)

Feds Investigating Atlanta Homebuilder For Mortgage Fraud
ATLANTA -- Beazer Homes, which has recently suffered hefty losses amid a downturn in the housing market, now faces a federal investigation of mortgage fraud and other allegations involving the homebuilder. (Wed, 28 Mar 2007 10:36:31 GMT)

Mortgage applications dip slightly
WASHINGTON (MarketWatch) -- Applications for mortgages at major U.S. lenders dipped 0.2% in the past week even as interest rates fell, the Mortgage Bankers Association reported Wednesday. (Wed, 28 Mar 2007 11:07:48 GMT)

Subprime Mortgage Bonds Sold in '06 May Be Worst Ever, S&P Says
March 28 (Bloomberg) -- Subprime mortgage-backed securities from 2006 may be the ``worst-performing in recent history,'' with delinquencies on the underlying debt ``consistently higher'' than in the prior five years, Standard & Poor's said,. (Wed, 28 Mar 2007 11:24:15 GMT)

Using home equity: Introduction
If debt's got you down or you've got to pay for your daughter's wedding, consider using the equity in your home for a cash infusion. (Wed, 28 Mar 2007 11:33:27 GMT)

Mortgages fall amid slowing market
Mortgage Bankers Association weekly index drops 0.2% as refinancings stall and purchases remain flat. (Wed, 28 Mar 2007 11:48:31 GMT)

Think You're Paying Too Much on Your Car Loan?
(ARA) - You have probably heard of auto refinance before. Or simply refinance. The term actually refers to a financial situation wherein a borrower finds financing to pay off a current loan. (Wed, 28 Mar 2007 11:56:44 GMT)

Getting a Mortgage with Bad Credit
(ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. (Wed, 28 Mar 2007 11:57:42 GMT)

Beazer Homes' shares falls on report of mortgage probe
NEW YORK (MarketWatch) -- Beazer Homes USA Inc. saw its shares fall 10% Wednesday, in retreat as the company said federal authorities have requested documents regarding its mortgage business. (Wed, 28 Mar 2007 12:22:38 GMT)

Feds Probing Home Builder Beazer's Mortgage Business
Home builder Beazer said Wednesday that it is cooperating with federal investigators in a probe into potential fraud in the company's mortgage branch. (Wed, 28 Mar 2007 13:47:26 GMT)

Don't Fail This Mortgage Quiz
Avoid payment shock by knowing your mortgage's intimate details. (Wed, 28 Mar 2007 13:55:15 GMT)

Bernanke: Mortgage Woes Not Spreading
Bernanke Says Risky Mortgage Problems Aren't Spreading to Broader Economy (Wed, 28 Mar 2007 14:56:49 GMT)

GMAC Mortgage Unit's Subprime Losses to Hurt Earnings (Update1)
March 28 (Bloomberg) -- GMAC LLC said losses at its Residential Capital home mortgage division, which lends to borrowers with weak credit, will hurt profit this year as defaults and foreclosures surge. (Wed, 28 Mar 2007 15:12:19 GMT)

Subprime Mortgage Bonds From 2006 May Be Worst Ever (Update1)
March 28 (Bloomberg) -- Subprime mortgage-backed securities from 2006 may be the ``worst-performing in recent history,'' with delinquencies on the underlying debt ``consistently higher'' than in the prior five years, Standard & Poor's said,. (Wed, 28 Mar 2007 15:57:07 GMT)

USDA raises loan limit for Greene County homebuyers
The U.S. Department of Agriculture Rural Development has increased the limit on direct home loans available to low-income individuals in Greene County. (Wed, 28 Mar 2007 15:58:32 GMT)

World Bank approves US$100 million loan to Argentina
The World Bank’s Board of Directors has approved a US$100 million loan in additional financing for Argentina to support the Buenos Aires Urban Transport Project in completing ongoing activities related to improving urban transport services in the City of Buenos Aires and the metropolitan area. (Wed, 28 Mar 2007 16:02:43 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. (Wed, 28 Mar 2007 17:35:19 GMT)

GMAC to Cut Subprime Mortgage Volume
General Motors Acceptance Corp. said Wednesday that it intends to "sharply" cut the volume of subprime mortgages originated by its Residential Capital LLC unit for 2007, amid continued pressure from housing prices and the subprime mortgage market. (Wed, 28 Mar 2007 17:39:17 GMT)

Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Wed, 28 Mar 2007 17:41:45 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? (Wed, 28 Mar 2007 17:43:06 GMT)

Fitch Rates WaMu Mortgage P-T Certificates $410MM WMALT 2007-HY2
NEW YORK----Fitch rates WaMu Mortgage pass-through certificates, WMALT series 2007-HY2 classes as follows: (Wed, 28 Mar 2007 18:36:00 GMT)

Think You're Paying Too Much on Your Car Loan?
(ARA) - You have probably heard of auto refinance before. Or simply refinance. The term actually refers to a financial situation wherein a borrower finds financing to pay off a current loan. (Wed, 28 Mar 2007 19:23:54 GMT)

The Home Buying Process: Step by Step
(ARA) - Buying a home can be a very intimidating process, especially if you've never done it before. So the first thing you should do before you start is to figure out whether owning a home is right for you. (Wed, 28 Mar 2007 19:41:19 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Wed, 28 Mar 2007 20:05:00 GMT)

People's Choice Seeks to Auction Loans
A week after entering Chapter 11 protection, People's Choice Home Loan Inc. is seeking bankruptcy court permission to auction off core assets -- the subprime home loans it owns outright. (Wed, 28 Mar 2007 21:23:59 GMT)

Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Wed, 28 Mar 2007 23:19:37 GMT)

2ND UPDATE: Beazer Homes' Shares Falls On Report Of Mortgage Probe
NEW YORK (Dow Jones) -- Beazer Homes USA Inc. saw its shares fall 10% Wednesday, in retreat as the company said federal authorities have requested documents regarding its mortgage business. (Wed, 28 Mar 2007 23:46:50 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Wed, 28 Mar 2007 23:57:14 GMT)

Schumer wants "liar loan" crackdown
To a homebuyer with bad credit, it seems like a great deal. A subprime loan company offers a mortgage at a low interest rate, but gives the borrower a chance to refinance after two or three years, if they can get their finances back together. (Thu, 29 Mar 2007 00:24:34 GMT)

Think You're Paying Too Much on Your Car Loan?
(ARA) - You have probably heard of auto refinance before. Or simply refinance. The term actually refers to a financial situation wherein a borrower finds financing to pay off a current loan. (Thu, 29 Mar 2007 00:49:57 GMT)

The Home Buying Process: Step by Step
(ARA) - Buying a home can be a very intimidating process, especially if you've never done it before. So the first thing you should do before you start is to figure out whether owning a home is right for you. (Thu, 29 Mar 2007 00:50:17 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, 29 Mar 2007 02:19:10 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? (Thu, 29 Mar 2007 02:19:17 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. (Thu, 29 Mar 2007 03:49:18 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, 29 Mar 2007 03:49:28 GMT)

A mortgage crisis of their own
NEW YORK (MarketWatch) -- The subprime credit crisis has been in swing for a few weeks now. As part of the cycle, we've all heard the stories about people drowning in debt. Maybe you know the fellow with the adjustable-rate mortgage who's slapped toward bankruptcy with every reset. (Thu, 29 Mar 2007 04:07:58 GMT)

Fed eyes rules for mortgage lenders
Federal Reserve Chairman Ben S. Bernanke yesterday said the central bank is considering issuing nationwide regulations against abusive mortgage lending practices, but he cautioned that regulatory overkill could make it difficult for people to buy, sell and refinance homes. (Thu, 29 Mar 2007 04:10:35 GMT)

Schumer proposing subprime oversight
U.S. Sen. Charles E. Schumer is pushing for legislation that would provide for greater regulation of the subprime mortgage industry and create a pool of money that would be used to allow people with particularly bad mortgages to refinance. (Thu, 29 Mar 2007 06:43:43 GMT)

Earn Thousands of American Airlines AAdvantage® miles with a New Home Loan from LeadingTree
In the market for a new home loan? Consider earning thousands of airline miles at the same time! (Thu, 29 Mar 2007 07:01:00 GMT)

Earn Thousands of American Airlines AAdvantage® miles with a New Home Loan from LeadingTree
In the market for a new home loan? Consider earning thousands of airline miles at the same time! (PRWeb Mar 29, 2007) Post Comment:Trackback URL: http://www.prweb.com/chachingpr.php/RW1wdC1QaWdnLVpldGEtRmFsdS1NYWduLVplcm8= (Thu, 29 Mar 2007 07:32:09 GMT)

Home Depot, Wal-Mart May Suffer as Mortgage Woes Hit Customers
March 29 (Bloomberg) -- Al Ynigues bought his first house in 2004. Since October, his monthly mortgage payment has climbed 16 percent, to $2,417. It will rise again April 1. (Thu, 29 Mar 2007 07:56:47 GMT)

FBI begins probe into home builder's issuing of mortgages
Shares of Beazer Homes USA Inc. fell 8.4 percent, the biggest drop since July 2002, after the FBI started an investigation into the home builder and the US Attorney's office requested documents on its mortgage business. (Thu, 29 Mar 2007 09:37:11 GMT)

Chief of bankrupt mortgage firm in court to block his arrest
(Hartford-AP, Mar. 29, 2007 5:34 AM) _ The president of a defunct mortgage company in Middletown has gone to court to block Connecticut from seeking his arrest. (Thu, 29 Mar 2007 09:39:31 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? (Thu, 29 Mar 2007 10:04:08 GMT)

Foreclosure hurts long after home is gone
If you're lying awake at night, fretting about whether you'll lose your house to foreclosure, you may not be the only insomniac on your block. More than 2.1 million Americans with home loans missed at least one payment last year, according to the Mortgage Bankers Association. (Thu, 29 Mar 2007 10:09:23 GMT)

City OKs loan for land for senior housing units
A plan to build 104 affordable senior housing units on land adjacent to Forest Home Farms cleared another hurdle this week when the city's redevelopment agency approved a loan for developers to acquire the land. (Thu, 29 Mar 2007 10:14:10 GMT)

Think You're Paying Too Much on Your Car Loan?
(ARA) - You have probably heard of auto refinance before. Or simply refinance. The term actually refers to a financial situation wherein a borrower finds financing to pay off a current loan. (Thu, 29 Mar 2007 10:26:49 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, 29 Mar 2007 10:27:19 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. (Thu, 29 Mar 2007 10:44:45 GMT)

Home loan defaults skyrocket in county
March 29 (UNION-TRIBUNE): Homeowners throughout San Diego County are defaulting on their loans and losing their properties to foreclosure at an increasingly rapid pace, a shattering event that nevertheless remains far less extensive here than the mortgage problems arising elsewhere in the nation. (Thu, 29 Mar 2007 11:11:50 GMT)

Bankrate: Mortgage Rates Give Fed Mixed Reaction
Fixed mortgage rates moved higher following the Fed's stated concerns about inflation. The average 30- year fixed mortgage rate rose to 6.22 percent. According to Bankrate.com's weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.28 discount and origination points. (Thu, 29 Mar 2007 11:30:00 GMT)

The higher your credit score, the better the mortgage deal. Now, whip those scores into shape.
It has overtones of Judgment Day, sitting before a loan officer and applying for a mortgage. Are you creditworthy? And to make that judgment, mortgage lenders will review your all-important records, namely your credit reports and credit score. (Thu, 29 Mar 2007 11:32:49 GMT)

Spot home-loan trouble early
SACRAMENTO, Calif. | Trouble begins with a slow-motion descent toward your first missed mortgage payment. It's a queasy feeling many homeowners know too well as their houses slip away. (Thu, 29 Mar 2007 11:38:59 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. (Thu, 29 Mar 2007 11:54:12 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, 29 Mar 2007 11:54:22 GMT)

Head of defunct mortgage lender seeks to halt his arrest
The president of the defunct Mortgage Lenders Network has gone to court in Delaware to stop Connecticut officials from seeking his arrest on charges that he failed to pay commissions to salespeople last year. (Thu, 29 Mar 2007 12:06:39 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, 29 Mar 2007 12:12:19 GMT)

The Home Buying Process: Step by Step
(ARA) - Buying a home can be a very intimidating process, especially if you've never done it before. So the first thing you should do before you start is to figure out whether owning a home is right for you. (Thu, 29 Mar 2007 12:13:10 GMT)

Bernanke upbeat but 'flexible' amid mortgage woes
Ben Bernanke, the Federal Reserve chairman, did not expect problems in the mortgage lending business to hit the rest of the economy, but said that the Fed had given itself the "flexibility" to react. (Thu, 29 Mar 2007 14:01:05 GMT)

EverBank buys out BNY mortgage company
The third largest bank in Northeast Florida will purchase interests for The Bank of New York's mortgage company. (Thu, 29 Mar 2007 14:11:11 GMT)

Late payments rise on home-equity loans
Late payments on certain auto and home equity loans climbed in the final quarter of last year, while delinquencies on credit card bills largely held steady, suggesting some U.S. consumers are feeling more squeezed than others. (Thu, 29 Mar 2007 14:23:00 GMT)

Credit defaults creep up on home equity loans
NEW YORK (MarketWatch) - The rate of delinquencies on home equity loans rose about 7% in the fourth quarter from the third quarter in the latest sign of cracks in the credit business attached to real estate and consumer borrowing in general. (Thu, 29 Mar 2007 14:38:28 GMT)

Is the Mortgage Bubble Popping?
With all the recent news about mortgage foreclosures and the possible end to easy credit, I hope you will join me today at noon ET for a chat with author and director James D. Scurlock. As the featured author for the March Color of Money Book Club selection, he will answer questions or take comments about his movie and book, "Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders." ... (Thu, 29 Mar 2007 14:46:59 GMT)

Mortgage rates hold steady
Mortgage rates held mostly steady this week after two key economic readings provided an unclear picture of the future direction of the housing market, Freddie Mac reported Thursday. (Thu, 29 Mar 2007 15:03:37 GMT)

HSBC to Scale Back U.S. Subprime Mortgage Division (Update2)
March 29 (Bloomberg) -- HSBC Holdings Plc Chairman Stephen Green said the U.S. subprime mortgage services division will be ``run down significantly'' as the world's fourth-biggest bank by market value tries to recover from loan losses. (Thu, 29 Mar 2007 15:28:07 GMT)

U.S. mortgage rates mostly stay put in latest week
CHICAGO (MarketWatch) -- Mortgage rates moved slightly or not at all over a week that brought conflicting signals about the direction of the housing market, Freddie Mac's chief economist said on Thursday. (Thu, 29 Mar 2007 15:37:38 GMT)

Tough New Rules Limit Refinancing Options
Imagine driving along the highway. (Thu, 29 Mar 2007 16:36:00 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Thu, 29 Mar 2007 16:42:50 GMT)

Late payments up on home loans, stable on credit cards
Americans are missing more payments on home equity loans but credit card delinquencies are holding steady, suggesting that housing pressures have yet to make it tougher for people in general to pay their bills. (Thu, 29 Mar 2007 16:50:46 GMT)

Fitch Rates $430MM RALI Mortgage Asset-Backed P-T Ctfs, 2007-QS5
NEW YORK----Fitch rates Residential Accredit Loans, Inc. mortgage pass-through certificates, series 2007-QS5, as follows: $403,713,013 classes A-1 through A-14, A-P, A-V, R-I, R-II and P certificates 'AAA'; $14,712,700 class M-1 'AA'; $4,543,400 class M-2 'A'; $3,678,000 class M-3 'BBB'. (Thu, 29 Mar 2007 18:07:00 GMT)

California Investigates Subprime Mortgage Industry (Update1)
March 29 (Bloomberg) -- California Attorney General Jerry Brown opened an investigation of the subprime mortgage industry, which made the state the largest U.S. market for high-risk home loans. (Thu, 29 Mar 2007 18:11:57 GMT)

Fitch Rates $574 MM RFMSI Mortgage P-T Ctfs Series 2007-S3
NEW YORK----Fitch rates Residential Funding Mortgage Securities I, Inc.'s mortgage pass-through certificates series 2007-S3 as follows: $555,149,404 classes I-A-1 through I-A-6, II-A-1, I-A-P, I-A-V, II-A-P, II-A-V, R-I, R-II and R-III certificates 'AAA'; $10,932,200 class M-1 'AA'; $3,451,700 class M-2 'A'; $2,301,200 class M-3 'BBB'; $1,150,500 class B-1 'BB'; $1,150,600 class B-2 'B'. (Thu, 29 Mar 2007 18:14:00 GMT)

Fitch Rates $744MM RALI Mortgage Asset-Backed P-T Ctfs, 2007-QS4
NEW YORK----Fitch rates Residential Accredit Loans, Inc. mortgage pass-through certificates, series 2007-QS4, as follows: $ 698,387,229 classes I-A-1 through I-A-4, II-A-1 through II-A-5, III-A-1 through III-A-11, IV-A-1 through IV-A-3, V-A-1, V-A-2, I-A-P, I-A-V, II-A-P, II-A-V, III-A-P, III-A-V, V-A-P, V-A-V and R-I, R-II and R-III certificates 'AAA'; $23,904,900 class M-1 'AA'; $7,842,900 ... (Thu, 29 Mar 2007 18:17:00 GMT)

For mortgage market, it's prime's time
The meltdown in the subprime mortgage market is making it tough for many potential home buyers to find financing. Home buyers with damaged or thin credit histories may be shut out. (Thu, 29 Mar 2007 18:33:27 GMT)

Rates Remain Same on 30-Year Mortgage
Rates on 30-year mortgages were unchanged this week, staying near the lowest levels for the year. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.16 percent, the same as last week. (Thu, 29 Mar 2007 18:43:49 GMT)

California Investigates Subprime Mortgage Industry (Update2)
March 29 (Bloomberg) -- California Attorney General Jerry Brown is investigating the collapsing subprime mortgage industry in the state, the largest U.S. market for high-risk home loans. (Thu, 29 Mar 2007 19:56:57 GMT)

Think You're Paying Too Much on Your Car Loan?
(ARA) - You have probably heard of auto refinance before. Or simply refinance. The term actually refers to a financial situation wherein a borrower finds financing to pay off a current loan. (Thu, 29 Mar 2007 20:10:57 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? (Thu, 29 Mar 2007 20:12:07 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, 29 Mar 2007 20:12:17 GMT)

Officials: Mortgage Broker Stole Dozens Of SoCal IDs
Officials say a North County mortgage broker headed a suspected identity theft ring that victimized dozens of Southern Californians. (Thu, 29 Mar 2007 20:53:37 GMT)

Beazer Receives Subpoena From U.S. Attorney on Mortgage Service
March 29 (Bloomberg) -- Beazer Homes USA Inc. received a grand jury subpoena from the U.S. Attorney's office in the Western District of North Carolina for documents related to its mortgage origination services. (Thu, 29 Mar 2007 20:54:23 GMT)

30-year U.S. mortgage rate steady
The benchmark 30-year fixed-rate U.S. mortgage was unchanged at 6.16 percent, housing finance company Freddie Mac said Thursday. (Thu, 29 Mar 2007 21:04:54 GMT)

Beazer Receives Federal Subpoena on Mortgage Services (Update1)
March 29 (Bloomberg) -- Beazer Homes USA Inc., the ninth largest U.S. homebuilder, received a grand jury subpoena from the U.S. Attorney's office in the Western District of North Carolina for documents related to its mortgage origination business. (Thu, 29 Mar 2007 21:12:52 GMT)

Federal Home Loan Bank of San Francisco Announces Projected Dividend Rate for First Quarter 2007
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco's Board of Directors has declared a dividend for the first quarter of 2007, to be determined in accordance with the Bank's Retained Earnings and Dividend Policy. (Thu, 29 Mar 2007 21:15:00 GMT)

Beazer says it got grand jury subpoena about mortgage business
SAN FRANCISCO (MarketWatch) -- Beazer Homes USA Inc. said late Thursday that it got a grand jury subpoena demanding documents relating to its mortgage origination business. (Thu, 29 Mar 2007 21:38:10 GMT)

Impac Mortgage Holdings, Inc. Declares First Quarter Dividend Payment of $0.10 per Common Share Completes $1.4 Billion ...
Joseph R. Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc. , or the "Company," a Maryland corporation, being taxed as a real estate investment trust , announces the Board of Director's approval of the first quarter 2007 dividend of $0.10 per common share. (Thu, 29 Mar 2007 21:46:00 GMT)

Beazer Receives Federal Subpoena on Mortgage Services (Update2)
March 29 (Bloomberg) -- Beazer Homes USA Inc., the homebuilder under investigation by the FBI, received a federal grand jury subpoena for documents related to its mortgage origination business. (Thu, 29 Mar 2007 21:56:57 GMT)

Woman killed after refusing to loan car, police say 4:10 PM CDT
Two men are accused of murdering a woman who refused to loan one of the men her car, Arlington police said Thursday. Brandon Ray Anderson, 26, and Justin Andrew Letts, 26, each face a capitol murder charge and were being held in Arlington Jail in lieu of $250,000 bail. (Thu, 29 Mar 2007 22:01:46 GMT)

$112.5 Million Refinancing Secured by HFF for Class A Multifamily Community in Chicago's Lincoln Park Neighborhood
CHICAGO----The Chicago office of HFF has secured a $112.5 million refinancing for Eugenie Terrace Apartments, a 44-story, Class A multifamily community in Chicago's Lincoln Park neighborhood. (Thu, 29 Mar 2007 23:00:00 GMT)

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