Mortgage News Apr 2007
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Lawyers 'in mortgage loan scam'
THREE lawyers played key roles in a $14 million mortgage scam that robbed owners of the value of dozens of Sydney properties, a court has heard. A cash-strapped businessman, the scion of a wealthy family, allegedly forged elderly relatives' signatures to launch the racket. (Sat, 21 Apr 2007 23:32:22 GMT)
Rural loan places surprise Net gain in city
On the western edge of a burgeoning city, Home Town Cable is expanding its broadband network with federal aid originally intended for rural America. (Sun, 22 Apr 2007 04:20:56 GMT)
MORTGAGES AND MORE: You need to be a smart consumer to avoid mortgage meltdown
There is plenty of blame that can be assigned for the mortgage crisis in subprime lending. (Sun, 22 Apr 2007 05:15:48 GMT)
Houston mortgage monitor
The mortgage interest rate list represents a sampling of rates as quoted by lenders in the Houston market on Friday. Rates, which may change on Monday, are for 90 percent loans and do not include origination fees. The numbers in parentheses after the rates are discount points. A point is equal to 1 percent of the loan amount (Sun, 22 Apr 2007 05:49:35 GMT)
Moreno Valley experienced similar mortgage crisis in 1990s
The spike in mortgage defaults and foreclosures has sent shudders through an Inland region that experienced another housing crisis more than a decade ago. (Sun, 22 Apr 2007 06:18:12 GMT)
Talk with your mortgage company in the first 3 months
Q: What is a foreclosure? A: When a person buys a house, he usually takes out a loan or mortgage to cover all but the down payment. Later, if the homeowner can't make payments, the lender can file foreclosure to recover the debt by becoming the legal owner of the property. (Sun, 22 Apr 2007 07:09:19 GMT)
Land rich but penny poor? Try a reverse mortgage
Seniors whose daily expenses and healthcare cannot be subsidized by their boomer children may consider a reverse mortgage, which lets people age 62 and older convert a portion of home equity into cash for daily expenses. The lender pays the borrower -- the opposite of a standard mortgage -- and the borrower doesn't repay the loan until the last living senior is out of the house for 12 consecutive ... (Sun, 22 Apr 2007 07:19:38 GMT)
New budget strategy: Refinancing auto loans
You've forsaken digital cable, stopped eating out so much and turned the thermostat down a notch or two in the winter. You've even refinanced your house to get the monthly mortgage payments down. But if you still need a little more money every month to get by, how about refinancing your second-largest asset: your car? (Sun, 22 Apr 2007 07:30:52 GMT)
Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Sun, 22 Apr 2007 07:41:40 GMT)
Duquesne ends student loan payment practices
PITTSBURGH -- Duquesne University has announced that it will stop accepting commissions from private loan providers listed on its Web site. (Sun, 22 Apr 2007 07:53:08 GMT)
Scam takes owners' home, equity
For those on the verge of losing their home, foreclosure-rescue groups seem like their only hope. But many so-called rescuers aren't helping at all.{b} Reagor: Average Valley apartment rent rising{b} Realtors side with Zillow.com (Sun, 22 Apr 2007 08:08:41 GMT)
Good Reasons to Refinance Now
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Sun, 22 Apr 2007 08:11:51 GMT)
How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance ? Are the rates and the current mortgage market the best indicators? (Sun, 22 Apr 2007 09:27:31 GMT)
Mortgage financers moving to adjust?
-- WASHINGTON -- New moves by finance giant Freddie Mac and a major lending institution involving billions in high-priced mortgages may mean that the urgings of regulators and lawmakers for help to distressed homeowners are bearing fruit. But the complexity of the mortgage business sets up a difficult balance between the goal of stemming foreclosures and the need to keep the market robust, ... (Sun, 22 Apr 2007 09:40:37 GMT)
Banks applaud legislation to lower minimum payment needed for mortgage insurance
TORONTO (CP) - Canada's big banks are applauding new legislation that lowers the required down payment for mortgages. The federal government said Friday it is lowering the minimum down payment requirement for mortgage default insurance from 25 per cent to 20 per cent. (Sun, 22 Apr 2007 09:58:59 GMT)
Mortgage help on the way for some
People already behind on their loans may still need to sell, but can get help avoiding foreclosure. (Sun, 22 Apr 2007 10:06:29 GMT)
Mortgage rates
Mortgage rates (Sun, 22 Apr 2007 11:13:05 GMT)
Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Sun, 22 Apr 2007 11:23:26 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. (Sun, 22 Apr 2007 11:33:57 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? (Sun, 22 Apr 2007 11:54:58 GMT)
Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Sun, 22 Apr 2007 12:10:09 GMT)
Realty bites: Your second home may cost more
The upward trend in home loan rates looks set to continue with banks understood to be considering higher charges for those seeking loans for a second home or above the Rs 15-20-lakh limit. (Sun, 22 Apr 2007 13:47:40 GMT)
Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Sun, 22 Apr 2007 14:23:21 GMT)
The path to choosing a MORTGAGE
News on the home front has been grim. Ohio is No. 1 in the nation in foreclosures, with some of the state?s most-affluent residents facing such a fate. (Sun, 22 Apr 2007 15:13:18 GMT)
Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Sun, 22 Apr 2007 16:39:59 GMT)
Good Reasons to Refinance Now
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Sun, 22 Apr 2007 18:12:01 GMT)
New Zealand Will Probably Leave Key Rate at 7.5%, Survey Shows
April 23 (Bloomberg) -- New Zealand's central bank Governor Alan Bollard will leave the benchmark interest rate unchanged this week as he waits to see if a rising currency and higher home loan costs will curb spending and inflation, economists say. (Sun, 22 Apr 2007 18:38:44 GMT)
Duquesne ending student loan commissions
Duquesne University has announced that it will stop accepting commissions from private loan providers listed on its Web site. (Sun, 22 Apr 2007 19:09:25 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. (Sun, 22 Apr 2007 19:23:50 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. (Sun, 22 Apr 2007 19:26:50 GMT)
Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Sun, 22 Apr 2007 19:49:20 GMT)
Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Sun, 22 Apr 2007 20:00:49 GMT)
Mortgage lenders getting into foreclosure business
WASHINGTON — Consumer advocates have begun criticizing major mortgage lenders, such as Countrywide Financial Corp. and GMAC Financial, that also have in-house foreclosure businesses. (Sun, 22 Apr 2007 21:39:27 GMT)
Reverse mortgage: PNB starts 'Baghban' for senior citizens
PUNJAB National Bank has launched a unique scheme to cater to the financial needs of senior citizens. The scheme, PNB Baghban, based on the reverse mortgage concept was launched across the country by the bank on its foundation day, April 13, and is already drawing a huge response. The scheme makes citizens of 60 years and above owning property, which is free from any encumbrances-- eligible for a ... (Sun, 22 Apr 2007 22:05:24 GMT)
Is it Time to Refinance Your Car?
(ARA) - Do you end every month with barely enough cash to pay the bills, and sometimes have to tap into your savings to get by? If so, it's time to re-evaluate your spending habits. (Sun, 22 Apr 2007 22:11:39 GMT)
Mortgage scams plaguing Phoenix residents
Authorities in Phoenix are warning mortgage holders with financial troubles to watch out for scams involving so-called foreclosure rescue companies. (Sun, 22 Apr 2007 22:49:54 GMT)
Scam takes owners' home, equity
For those on the verge of losing their home, foreclosure-rescue groups seem like their only hope. But many so-called rescuers aren't helping at all.{b} Reagor: Average Valley apartment rent rising{b} Realtors side with Zillow.com (Sun, 22 Apr 2007 23:01:45 GMT)
Mortgage scams plaguing Phoenix residents
Authorities in Phoenix are warning mortgage holders with financial troubles to watch out for scams involving so-called foreclosure rescue companies.Increasing numbers of Phoenix homeowners are struggling to meet their mortgage payments. Arizona Attorney General Terry Goddard said homeowners looking for help should choose carefully, The Arizona Republic reported Sunday.Foreclosure rescue sounds ... (Sun, 22 Apr 2007 23:03:32 GMT)
Good Reasons to Refinance Now
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Mon, 23 Apr 2007 01:19:10 GMT)
Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Mon, 23 Apr 2007 01:19:40 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. (Mon, 23 Apr 2007 01:56:34 GMT)
Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Mon, 23 Apr 2007 03:00:57 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, 23 Apr 2007 03:02:08 GMT)
H&R Block to Sell Option One Mortgage
Kansas City, Mo. (April 23, 2007) - As expected, H&R Block Inc. announced that it has signed an agreement to sell its struggling Option One Mortgage Corp. lending arm, though unit subsidiary H&R Block Mortgage Corp. is not part of the deal. (Mon, 23 Apr 2007 04:07:39 GMT)
Home loans over Rs 20 lakh to cost more
Banks to also charge 50-100 bps more for a second home. (Mon, 23 Apr 2007 04:08:08 GMT)
Some home buyers must settle for 'alternative' loans
Some home buyers — even those without bad credit — must settle for 'alternative' loans. (Mon, 23 Apr 2007 04:34:31 GMT)
Lax regulation cited as root of loan fraud
Despite months of collective hand-wringing and copious media coverage of home loan problems, the residential mortgage industry remains succeptible to dishonest and ignorant workers who continue to originate poor and fraudulent loans. (Mon, 23 Apr 2007 05:38:50 GMT)
Mortgage bankers support pending fraud law
Changes to the Texas Finance Code to reduce mortgage fraud are being actively supported in the 80th Legislative Session by Texas Mortgage Bankers Association, says Ben Streusand, the association's president, who has testified twice before the House Financial Institutions Committee in support of House Bill 716. The 600-member statewide trade organization also has a full-time lobbyist on its Austin ... (Mon, 23 Apr 2007 05:41:11 GMT)
Mortgage brokerage sues owner's ex-wife for fraud
A local mortgage brokerage has filed a fraud claim in Clermont County Court of Common Pleas against the owner's ex-wife and a former employee. (Mon, 23 Apr 2007 05:59:19 GMT)
Home loan rate might not be as advertised
Your rate on your adjustable rate mortgage is about to go up. (Mon, 23 Apr 2007 06:23:26 GMT)
Mortgage lending slows in March
LONDON (Reuters) - Underlying net mortgage lending growth slowed in March, the British Bankers' Association said on Monday, suggesting higher borrowing costs may be starting to weigh on the housing market. (Mon, 23 Apr 2007 08:42:39 GMT)
Mortgage software levels playing field
For years, consumer watchdog groups have pointed to studies showing that mortgage lenders are more likely to give high-interest-rate home loans to minority borrowers than to white borrowers. (Mon, 23 Apr 2007 09:05:53 GMT)
Rezmar deals involving Davis Miner law firm
• An abandoned nursing home in Woodlawn. Rezmar and the Woodlawn Preservation and Investment Corp., known as WPIC, closed on the deal in 1995. Rezmar stopped repaying the $3.6 million state loan in March 2001, and the state eventually foreclosed, taking ownership of the building earlier this year. (Mon, 23 Apr 2007 09:11:36 GMT)
UK Net Mortgage Lending Growth Unchanged In March; To Ease Further - BBA
(RTTNews) - U. K. net mortgage lending grew an underlying GBP5.1 billion in March, the British Bankers' Association - BBA said Monday. The industry body said the growth is unchanged from the slightly downwardly revised increase last month. The February rise was earlier reported as GBP5.2 billion. (Mon, 23 Apr 2007 09:34:08 GMT)
Mortgage lending is still booming
Total mortgage lending is still rising strongly despite interest rate rises, says the Council of Mortgage Lenders. (Mon, 23 Apr 2007 09:47:25 GMT)
Taxes and your home equity loan
In most cases, home improvements can be paid for with a home equity loan or home equity line of credit and the interest paid on up to $100,000 is tax deductible. (Mon, 23 Apr 2007 10:00:00 GMT)
Refinancing an exotic mortgage
A sluggish home-sale market combined with tighter credit is making refinancing out an ARM or exotic mortgage more challenging, but not impossible. (Mon, 23 Apr 2007 10:00:00 GMT)
Mortgage lending breaks March record
The Council of Mortgage Lenders (CML) has reported a record March for gross lending on residential mortgages. As the traditional spring moving season got underway, lending for home loans shot up 22% on the previous month to a total of £31.3bn. (Mon, 23 Apr 2007 10:14:54 GMT)
Incentives: Do they sweeten home buy?
In hot pursuit of home buyers, Northeast Florida builders are dangling all kinds of financial sweeteners - from golf club memberships or leased luxury cars to home theater systems or other upgrades. (Mon, 23 Apr 2007 10:19:08 GMT)
Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Mon, 23 Apr 2007 10:25:01 GMT)
Mortgage lending breaks March record
Council of Mortgage Lenders reports residential mortgage rise. (Mon, 23 Apr 2007 10:26:07 GMT)
Good Reasons to Refinance Now
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Mon, 23 Apr 2007 10:26:28 GMT)
Refinance Your Auto Loan and Ease a Tight Budget
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from? (Mon, 23 Apr 2007 10:53:11 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, 23 Apr 2007 10:54:11 GMT)
Sterling Mixed Against Other Majors Amid Release Of Mortgage Lending Data
(RTTNews) - The sterling saw mixed dealing against other majors Monday morning in New York, softening a bit versus the dollar and yen while gaining on its European counterpart. Traders considered data from the UK showing that March gross mortgage lending grew 22% in February. (Mon, 23 Apr 2007 11:47:56 GMT)
Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Mon, 23 Apr 2007 12:12:35 GMT)
Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Mon, 23 Apr 2007 12:53:22 GMT)
First National Financial Offers Enhanced Mortgage Choices Through AIG United Guaranty
In an effort to continue providing clients with improved homeownership opportunities, First National Financial LP announced that it will offer clients mortgage insurance through AIG United Guaranty. (Mon, 23 Apr 2007 13:00:00 GMT)
First National offers enhanced mortgage choices through AIG United Guaranty
First National Financial LP today announced that it will offer clients mortgage insurance through AIG United Guaranty. (Mon, 23 Apr 2007 13:43:05 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. (Mon, 23 Apr 2007 15:33:06 GMT)
Beware the mortgage carrot
With mortgage rates certain to go up, the offers being dangled in front of us by some lenders seem irresistible. But don't be beguiled by the juicy headline rate, warns Paul Farrow: you'll pay the price for it later. (Mon, 23 Apr 2007 17:16:36 GMT)
Mortgage broker considers own loans
Mortgage broker Mike Pero may offer house buyers its own loans in response to moves by major banks to slash the commission they pay brokers. Its 50 per cent owner, New Zealand Finance Holdings, said yesterday Mike Pero would roll out "a broader financial services products range" shortly. (Mon, 23 Apr 2007 17:22:36 GMT)
Auto Refinancing Puts Gas Money in Your Pocket
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. The price of a barrel of crude oil recently peaked at $77 dollars. (Mon, 23 Apr 2007 18:31:39 GMT)
Rising interest rates pinch home loan seekers
The rapid rise in the interest rates has begun to impact the home loan seekers. The commercial banks have seen a 2 per cent dip in their home loan portfolio from October to December, 2006. (Mon, 23 Apr 2007 18:34:21 GMT)
Good Reasons to Refinance Now
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Mon, 23 Apr 2007 18:34:38 GMT)
U.S. Stocks Fall After Oil Prices Climb; Dow Drops From Record
April 23 (Bloomberg) -- U.S. stocks fell after oil prices climbed above $65 a barrel and concern mounted that home loan defaults will accelerate, overshadowing the biggest day for takeovers since 2000. (Mon, 23 Apr 2007 18:39:28 GMT)
Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Mon, 23 Apr 2007 18:46:30 GMT)
Guzman appointed to Federal Home Loan Bank board
Melinda Guzman, a partner in the Sacramento law firm Goldsberry, Freeman & Guzman LLP, has been appointed to the board of directors of the Federal Home Loan Bank of San Francisco. (Mon, 23 Apr 2007 18:51:39 GMT)
Wall Street stocks fall on oil, mortgage woes
U.S. stocks fell on Monday, on rising oil prices and concerns that U.S. mortgage market woes could spread into other sectors after a General Motors executive said overall auto sales have been hurt by the housing market problems. (Mon, 23 Apr 2007 18:59:29 GMT)
GM's Lutz says mortgage 'meltdown' hits auto sales
The crisis in the U.S. mortgage market has hurt U.S. auto sales this month, General Motors Corp. Vice Chairman Bob Lutz said on Monday. (Mon, 23 Apr 2007 19:34:04 GMT)
GM: Mortgage meltdown will hurt sales
The crisis in the U.S. mortgage market has hurt U.S. auto sales this month, General Motors Corp. Vice Chairman Bob Lutz said on Monday. (Mon, 23 Apr 2007 19:37:50 GMT)
Is it Time to Refinance Your Car?
(ARA) - Do you end every month with barely enough cash to pay the bills, and sometimes have to tap into your savings to get by? If so, it's time to re-evaluate your spending habits. (Mon, 23 Apr 2007 19:48:56 GMT)
Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Mon, 23 Apr 2007 19:49:37 GMT)
U.S. Stocks Fall as Crude Oil Advances; Dow Drops From Record
April 23 (Bloomberg) -- U.S. stocks fell after crude oil rose and concern mounted that home loan defaults will accelerate, overshadowing the biggest day for takeovers since 2000. (Mon, 23 Apr 2007 19:56:57 GMT)
Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Mon, 23 Apr 2007 20:08:30 GMT)
Indexes fall on oil, mortgage concerns
NEW YORK (Reuters) - U.S. stocks fell on Monday after oil prices rose and a General Motors executive said the crisis in U.S. mortgage lending hurt U.S. auto sales this month, stirring concerns of an even wider economic impact. (Mon, 23 Apr 2007 20:11:23 GMT)
Moody's Sees Bigger Losses For 2006 Subprime Mortgage Bonds
NEW YORK -(Dow Jones)- Losses for 2006 subprime mortgage bonds are likely to be bigger than previously estimated, Moody's Investors Service said in a report Monday. (Mon, 23 Apr 2007 20:33:31 GMT)
Taxpayers bearing burden of mortgage crisis
Fallout from the subprime mortgage crisis may come soon to a neighborhood near you. U.S. home prices are expected to drop this year for the first time since the Depression. (Mon, 23 Apr 2007 20:50:03 GMT)
U.S. Stocks Fall as Crude Oil Advances; Dow Drops From Record
April 23 (Bloomberg) -- U.S. stocks fell after crude oil rose and concern mounted that home loan defaults will accelerate, overshadowing the biggest day for takeovers since 2000. (Mon, 23 Apr 2007 21:11:58 GMT)
Wall St down on oil, mortgage woes
U.S. stocks fell on Monday after oil prices rose and a General Motors executive said the crisis in U.S. mortgage lending hurt U.S. auto sales this month, stirring concerns of an even wider economic impact. (Mon, 23 Apr 2007 21:14:20 GMT)
US mortgage woes 'hit car firms'
The ongoing crisis in the US mortgage market is affecting car sales, says the vice-chairman of General Motors. (Mon, 23 Apr 2007 21:26:46 GMT)
Subprime Mortgage Bond Losses to Grow
Losses for 2006 subprime mortgage bonds are likely to be bigger than previously estimated, Moody's Investors Service said in a report. (Mon, 23 Apr 2007 21:54:22 GMT)
Mortgage lenders hand out £1 billion a day
About £1 billion every day was handed out by banks and building societies last month in a record-breaking mortgage boom, it was revealed yesterday (Mon, 23 Apr 2007 22:26:58 GMT)
GM's Lutz says mortgage 'meltdown' hits auto sales
The crisis in the U.S. mortgage market has hurt U.S. auto sales this month, a senior General Motors Corp. executive said on Monday in one of the highest-profile warnings on the risk of spillover from weaker housing to other areas of the economy. (Mon, 23 Apr 2007 23:53:05 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, 24 Apr 2007 00:42:09 GMT)
Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Tue, 24 Apr 2007 00:42:19 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, 24 Apr 2007 02:44:46 GMT)
Building walls against fraud
A refinance gone wrong turned Ed and Lisa Kivel from consumers in search of the best mortgage interest rate to consumer activists in search of justice. When the Kivels realized that Minnesota law gave them little recourse from a lender they consider unscrupulous, they set about changing it. They spent three years and more than $25,000 sharing their story of inflated mortgages, lies, and falsified ... (Tue, 24 Apr 2007 02:45:08 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, 24 Apr 2007 02:45:47 GMT)
Refinance Your Auto Loan and Ease a Tight Budget
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from? (Tue, 24 Apr 2007 03:49:28 GMT)
Good Reasons to Refinance Now
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Tue, 24 Apr 2007 03:49:49 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, 24 Apr 2007 03:50:08 GMT)
Five steps to prevent big mortgage trouble
NEW YORK (MarketWatch) -- Having mortgage troubles? You're not alone. According to data compiled by Equifax, mortgage delinquency rates hit an all-time high in the first quarter of 2007: 2.87% of all mortgages were in default -- surpassing even the highest levels since the 2001 recession. (Tue, 24 Apr 2007 04:07:58 GMT)
Dow Jones drops as fuel prices rise
From combined dispatches Stocks fell yesterday after crude oil prices rose and concern mounted that home loan defaults will accelerate, overshadowing the biggest day for takeovers since 2000. A General Motors executive said that overall auto sales have been hurt by problems in the housing market. (Tue, 24 Apr 2007 04:12:05 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, 24 Apr 2007 06:19:16 GMT)
Mortgage Site Launches Free Online Mortgage Calculators for Webmasters
Calculators4Mortgages.com, an online mortgage and loan resource, recently introduced a new, free product for webmasters with mortgage-, real estate- and finance-related Web sites. Sites can add value for their visitors by providing them with free online mortgage calculators. (Tue, 24 Apr 2007 07:01:00 GMT)
Countrywide Home Loans Offers Mortgage Refinancing Tips To Homeowners
Countrywide Home Loans is offering mortgage refinancing insights to homeowners about how and when they may best capitalize on refinancing their existing mortgage, promoting informed decisions among borrowers. (Tue, 24 Apr 2007 07:01:00 GMT)
Stocks fall as oil prices rise
U.S. stocks fell after oil prices climbed above $65 a barrel and concern mounted that home loan defaults will accelerate, overshadowing the biggest day for takeovers since 2000. (Tue, 24 Apr 2007 07:16:08 GMT)
Countrywide Home Loans Offers Mortgage Refinancing Tips To Homeowners
Countrywide Home Loans is offering mortgage refinancing insights to homeowners about how and when they may best capitalize on refinancing their existing mortgage, promoting informed decisions among borrowers. As the refi boom in recent years has illustrated, many homeowners recognized the benefits of refinancing when interest rates decreased--but it may be well worthwhile for them to consider ... (Tue, 24 Apr 2007 07:21:11 GMT)
Mortgage Site Launches Free Online Mortgage Calculators for Webmasters
Calculators4Mortgages.com, an online mortgage and loan resource, recently introduced a new, free product for webmasters with mortgage-, real estate- and finance-related Web sites. Sites can add value for their visitors by providing them with free online mortgage calculators. (PRWeb Apr 24, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/U2luZy1TaW5nLUNvdXAtUHJvZi1NYWduLVplcm8= (Tue, 24 Apr 2007 07:28:12 GMT)
India Canara Bank: RBI Move To Lower Cost Of Home Loan Funding
MUMBAI -(Dow Jones)- The Reserve Bank of India's move to reduce the risk weightage on home loans for individuals will lower the cost of home loan funding, said the chairman of state-run Canara Bank (532483.BY) Tuesday. (Tue, 24 Apr 2007 08:18:35 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, 24 Apr 2007 09:39:58 GMT)
Capital One Financial Reduces Guidance on Mortgage Weakness
Chad Brand submits: Frankly, I prefer my headline above to the one I saw atop an Associated Press piece on Friday that was quite a bit more frightening: Capital One's Mortgage Woes Lead To Profit Plunge It's a shame that whoever wrote that article didn't really do much research before writing about the company's first quarter earnings [... ] (Tue, 24 Apr 2007 10:13:39 GMT)
US: GM's Lutz warns on mortgage ‘meltdown'
US light vehicle sales are being hit by the crisis in the US mortgage market according to remarks made by GM's Bob Lutz and reported by Reuters. (Tue, 24 Apr 2007 10:38:35 GMT)
Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Tue, 24 Apr 2007 10:38:47 GMT)
Subprime loan aid possible / Assembly committee supports creating a pool of money to help with refinancing
In an effort to stem potential mass foreclosures of homes financed with controversial subprime loans, a state Assembly committee on Monday approved a bill intended to create a pool of money for homeowners to refinance their mortgages. "We're not trying... (Tue, 24 Apr 2007 10:53:34 GMT)
Mortgage bailout is a bad idea, readers say
If our state legislators are considering a mortgage-bailout bill because they think it's politically popular, they might want to think again. My Sunday column on why a taxpayer-financed bailout of subprime mortgages is a dumb idea elicited more than 90... (Tue, 24 Apr 2007 10:53:44 GMT)
Refinance Your Auto Loan and Ease a Tight Budget
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from? (Tue, 24 Apr 2007 11:10:57 GMT)
Home loan below 20 lakh may cost less
Banks suspect that it's a temporary measure and the RBI could also increase if circumstances turn adverse. (Tue, 24 Apr 2007 11:53:03 GMT)
Refinance Your Auto Loan and Ease a Tight Budget
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from? (Tue, 24 Apr 2007 11:53:26 GMT)
Growing losses of subprime mortgage bonds
Moody's Investors Service stated in a report that the losses for 2006 subprime mortgage bonds are probable to be larger than formerly estimated. (Tue, 24 Apr 2007 13:53:49 GMT)
Mahindra & Mahindra Financial plans home loan unit
MUMBAI, April 24 (Reuters) - Vehicle financier Mahindra & Mahindra Financial Services Ltd. plans to start offering home, personal and two-wheeler loans with a rural focus, a top official said. (Tue, 24 Apr 2007 14:01:15 GMT)
Florida-Based Mortgage Expert Finally Reveals the Secrets at a Brand New Website
http://www.capitallinkmortgage.com/netpress This site is loaded with FREE REPORTS, a refinance kit, an informative home buying guide, mortgage calculators consumers can use to run various loan scenarios, and home buying resources you can use to save time and money before and after you purchase your home. (Tue, 24 Apr 2007 14:11:00 GMT)
How to Deal With Mortgage Troubles
If you think you're alone in having mortgage problems...you're wrong. (Tue, 24 Apr 2007 15:23:17 GMT)
Good Reasons to Refinance Now
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Tue, 24 Apr 2007 15:26:40 GMT)
Q & A: Moving your mortgage
Moving your mortgage is not as difficult as it seems and could save you money but watch out for hefty redemption penalties and other fees. (Tue, 24 Apr 2007 15:27:44 GMT)
Existing home sales dramatically decline
California existing home sales fell 8.1% in March and sales nationwide took their biggest monthly plunge in more than 18 years as harsh winter weather and the implosion of the sub-prime mortgage business undermined the housing market, according to housing figures released today. (Tue, 24 Apr 2007 15:41:15 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, 24 Apr 2007 16:20:37 GMT)
Five Steps To Prevent Big Mortgage Trouble
Having mortgage troubles? Michael Eisenberg, a certified public accountant and personal finance specialist, offers some advice. (Tue, 24 Apr 2007 17:16:44 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, 24 Apr 2007 17:45:58 GMT)
Mortgage Lenders Wants to Sell Asset
Facing the shutdown of its loan servicing operations at the end of the month, subprime lender Mortgage Lenders Network USA Inc. is searching for a buyer for a "turn-key" loan servicing platform that can service 187,500 mortgages. (Tue, 24 Apr 2007 18:34:37 GMT)
Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Tue, 24 Apr 2007 19:23:27 GMT)
Good Reasons to Refinance Now
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Tue, 24 Apr 2007 20:26:39 GMT)
Mahindra & Mahindra Financial Services to finalise home loan plans
Mahindra & Mahindra Financial Services Ltd (MMFSL), the loan and credit arm of the Mahindra Group, is set to finalise its plans for giving home loans to customers in rural and semi-urban areas. (Tue, 24 Apr 2007 21:22:31 GMT)
Most U.S. Stocks Fall as Confidence, Home Sales Trail Forecasts
April 24 (Bloomberg) -- Most U.S. stocks declined after consumer confidence and home sales trailed forecasts, reviving concern the economy is slowing. An expanded share repurchase by International Business Machines Corp. lifted the Dow Jones Industrial Average to its eighth gain in nine days. (Tue, 24 Apr 2007 21:26:57 GMT)
New Century gets court OK to sell core loan unit
New Century Financial Corp. won bankruptcy court approval on Tuesday to proceed with the sale of its key loan origination unit in a swift auction that will end next week. (Tue, 24 Apr 2007 21:51:22 GMT)
Home loan shelter
Mumbai, April 24: Home loan borrowers can breathe easy: interest rates on loans below Rs 20 lakh could ease by at least 25 basis points. (Tue, 24 Apr 2007 22:11:42 GMT)
India's mortgage holders feel pain of rate rises
When Sanjay Kapadia, a Mumbai consultant, took out a mortgage on a flat in August, he opted for a variable rate to avoid the high charges attached to fixed-rate loans. It proved to be an unlucky choice. (Wed, 25 Apr 2007 00:20:20 GMT)
300 laid off after mortgage company suddenly folds
Employees learned that Mortgage Investment Lending Associates - or MILA - was shutting down through an e-mail from the company's owner. They were given 15 minutes to clear out their desks and leave. (Wed, 25 Apr 2007 00:35:23 GMT)
Banco Halifax Hispania launches switch and save mortgage campaign
Banco Halifax Hispania has launched a new switch and save campaign, which will enable British customers with property in Spain to transfer their mortgage to Banco Halifax Hispania free of charge. (Wed, 25 Apr 2007 01:43:35 GMT)
Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Wed, 25 Apr 2007 03:15:27 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, 25 Apr 2007 03:26:39 GMT)
1-866-67ACORN.
Another part of ACORN'S effort focuses on home buying and refinancing. "People don't know what they're signing on to. If it's an adjustable-rate mortgage, then their rate will change. They think you can sign on to this adjustable rate and you can always go back and refinance. (Wed, 25 Apr 2007 04:02:46 GMT)
Stop Foreclosure By Refinancing Your Loan: Is It A Good Option?
SaveMeFromForeclosure.com, LLC announced that homeowners may be able to stop foreclosure by refinancing their loan but may encounter many costs along the way. Refinancing a home loan can help homeowners facing foreclosure avoid a pending foreclosure, stay in their home and possibly create a better financial situation. However, if a homeowner considers refinancing his or her loan to avoid ... (Wed, 25 Apr 2007 07:01:23 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, 25 Apr 2007 07:11:39 GMT)
REAL ESTATE: New mortgage loans fall for fifth week
Mortgage applications fell for the fifth consecutive week, largely reflecting a drop in demand for home purchase loans, an industry trade group said. (Wed, 25 Apr 2007 07:13:42 GMT)
Senate backs bill setting fines on mortgage brokers
Mortgage brokers could face stiff fines for knowingly making loans to home buyers who can't reasonably pay the mortgage, under a bill passed by the Senate Tuesday. (Wed, 25 Apr 2007 07:18:40 GMT)
Mortgage insurer's earnings down 31%
Radian Group Inc., a Philadelphia mortgage-insurance provider, said yesterday that its first-quarter earnings had dropped 31 percent, in part because of an operating loss at a partly owned subsidiary that buys distressed home mortgages. (Wed, 25 Apr 2007 08:03:32 GMT)
House OKs Indian home-loan bill
WASHINGTON -- The U.S. House approved a bill Tuesday by Rep. Dan Boren to reauthorize a program that helps make loans available for homeowners in Indian Country. (Wed, 25 Apr 2007 09:07:35 GMT)
Indonesia's BCA says home loan business grows rapidly
JAKARTA, April 25 (Reuters) - Indonesia's second largest lender, PT Bank Central Asia Tbk , said on Wednesday its home loan business has been growing faster than forecast after it temporarily lowered its lending rates. (Wed, 25 Apr 2007 09:20:51 GMT)
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