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Mortgage News May 2007

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Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Fri, 18 May 2007 09:23:57 GMT)

Loan fraud seen as economic threat
Two weeks ago, Pedro Rives set his sights on buying a new home on East 26th Street in Paterson. But after hearing so many horror stories about local people trapped in ballooning mortgages, Rives decided not to rush. (Fri, 18 May 2007 10:06:00 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Fri, 18 May 2007 10:28:32 GMT)

Loan fraud seen as economic threat
Two weeks ago, Pedro Rives set his sights on buying a new home on East 26th Street in Paterson. But after hearing so many horror stories about local people trapped in ballooning mortgages, Rives decided not to rush. (Fri, 18 May 2007 12:37:32 GMT)

Investors facing mortgage scrutiny
WASHINGTON-One of the toughest questions facing Congress as it tries to address the meltdown in the subprime mortgage market, which caters to borrowers with poor credit, is deciding whether Wall Street is part of the problem or part of the solution. (Fri, 18 May 2007 13:19:55 GMT)

Take your home outside
Pam and Mark Elmore weren't in the market for a home last summer. But when the Bend, Ore. couple happened to stop by a newly built house with a 1,000-square-foot patio, a fully equipped outdoor kitchen - fridge and range included -and a fire pit, they immediately realized they had to have it. (Fri, 18 May 2007 13:28:55 GMT)

Florida ranks No. 1 in mortgage fraud
Florida led the nation in mortgage fraud in 2006, according to a newly released report from the Mortgage Bankers Association. (Fri, 18 May 2007 14:30:36 GMT)

Fed chief optimistic about subprime mortgage woes
Federal Reserve Chairman Ben Bernanke said Thursday that he did not believe the growing number of mortgage defaults would seriously harm the economy. (Fri, 18 May 2007 14:33:48 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Fri, 18 May 2007 15:23:13 GMT)

Federal Home Loan Bank of Boston Declares Dividend
The board of directors of the Federal Home Loan Bank of Boston declared a second quarter dividend rate with an equivalent annual yield of 6.75 percent. The dividend, based on average stock outstanding for the first quarter, will be paid on June 4, 2007. (Fri, 18 May 2007 15:48:00 GMT)

Mortgage rates climb
WASHINGTON - Rates on 30-year mortgages jumped to the highest level in five weeks as investors expressed disappointment that the Federal Reserve continues to remain worried about inflation threats. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.21 percent nationwide this week, up from 6.15 percent last week. It was the highest level for 30-year ... (Fri, 18 May 2007 16:29:08 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? (Fri, 18 May 2007 18:12:39 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. (Fri, 18 May 2007 18:13:42 GMT)

Study of Reverse Mortgage Patterns Will Help Ginnie Mae Market New Securities
May 18, 2007 – A study of the timing of reverse mortgage terminations has been completed that provides the information necessary for Ginnie Mae (Government National Mortgage Association) to issue its first HECM Mortgage-Backed Security (HMBS) this year. (Fri, 18 May 2007 19:04:38 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Fri, 18 May 2007 19:12:16 GMT)

Investors in short-term mortgage loans, often called trust deeds, will be required to meet minimum financial ...
State Mortgage Lending Commissioner Scott Bice will set the minimum financial requirements by regulation under terms of the measure. (Fri, 18 May 2007 19:57:00 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. (Fri, 18 May 2007 20:12:51 GMT)

Banks raise posted mortgage rates up to a quarter point
TORONTO (CP) - Mortgage rates are going up at Canada's major banks. (Fri, 18 May 2007 20:26:00 GMT)

Banks hike mortgage rates
Mortgage rates are going up at Canada's major banks. Royal Bank, Bank of Montreal, TD Bank and Laurentian Bank put the new rates into effect Friday. The other major banks are raising theirs on Saturday or after the holiday weekend. (Fri, 18 May 2007 20:36:48 GMT)

Banks raise posted mortgage rates up to a quarter point
TORONTO (CP) - Mortgage rates are going up at Canada's major banks. Royal Bank (TSX:RY), Bank of Montreal (TSX:BMO) and Laurentian Bank (TSX:LB) put the new rates into effect Friday. (Fri, 18 May 2007 20:39:52 GMT)

Woman-owned mortgage brokerage to serve Orlando clients
Lally & Associates is opening a mortgage brokerage office with three employees in Jacksonville, with plans to serve clients in the Orlando market, as well as St. Augustine, Gainesville, Miami/Fort Lauderdale and Tampa/St. Petersburg. (Fri, 18 May 2007 21:07:25 GMT)

Fitch Issues Presale on Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2007-B
NEW YORK----Fitch Ratings has issued a presale report on Home Equity Mortgage Loan Asset-Backed Trust, series INABS 2007-B. (Fri, 18 May 2007 21:24:00 GMT)

Fannie, Freddie Grow Mortgage Bond Share
One interesting side effect of the subprime mortgage meltdown: the old guard is making a comeback. Thanks to the recent surge in delinquencies and defaults on subprime mortgage loans, lenders to borrowers with imperfect credit are finding that skittish Wall Street investors are offering lower prices for their loans these days. (Fri, 18 May 2007 21:35:58 GMT)

Mother-in-law's house, my mortgage
THREE years ago I took on a mortgage to buy a council house where my mother-in-law lived. I wasn't able to put my name on the deeds as I was not a tenant - my mother-in-law was. Now my mother-in-law has moved in with her daughter, and I have told her... (Fri, 18 May 2007 23:59:56 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? (Sat, 19 May 2007 00:10:51 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. (Sat, 19 May 2007 03:38:20 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Sat, 19 May 2007 03:38:40 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. (Sat, 19 May 2007 07:13:04 GMT)

Lawsuit accuses mortgage lender of violating fair-housing rules
When mortgage lenders refuse to write loans on row houses in a predominantly African-American neighborhood, does that violate federal fair-housing... (Sat, 19 May 2007 07:20:54 GMT)

De Visscher mortgage banker at U.S. Bank
Tanna De Visscher has joined U.S. Bank as a mortgage banker based in Bellingham. (Sat, 19 May 2007 07:28:23 GMT)

Nigeria: FCTA, Banks Float First N100bn Residential Mortgage Bond
AS part of moves to facilitate the purchase of Federal Government-owned houses in the Federal Capital Territory, the Federal Capital Territory Administration (FCTA), Federal Mortgage Bank of Nigeria (FMBN), UBA and other banks Friday completed all arrangements for the N100 billion mortgaged backed bond securitisation programme. (Sat, 19 May 2007 08:07:04 GMT)

First Horizon picks Tavant mortgage soln
BANGALORE: IT solutions and services provider Tavant Technologies has been selected by First Horizon Home Loans, First Horizon National Corp. company (FHN), to provide Point of Sale (POS) mortgage solution as FHN's universal home financing sales support system. (Sat, 19 May 2007 08:59:07 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. (Sat, 19 May 2007 09:23:07 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. (Sat, 19 May 2007 09:41:40 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. (Sat, 19 May 2007 09:42:31 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? (Sat, 19 May 2007 11:32:38 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. (Sat, 19 May 2007 11:52:58 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? (Sat, 19 May 2007 12:17:08 GMT)

Fed eyes ways to prevent abusive mortgage lending practices
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke says the central bank is considering tougher rules to crack down on abusive practices by mortgage lenders. But he says the economy should escape without significant harm from the problems in the subprime market. (Sat, 19 May 2007 14:44:14 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sat, 19 May 2007 15:11:40 GMT)

What can you do to sell your home in a declining market? Get rid of broker, provide flex mortgage and use Internet ...
In a declining market, it is not easy to sell your home with a fair price. Here are some tips what you can do. The buyers have limited resources as credit tightening has created the lack of liquidity that was fueling the real estate prices. You need to work with the buyers directly. (Sat, 19 May 2007 15:29:33 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. (Sat, 19 May 2007 15:56:49 GMT)

Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Sat, 19 May 2007 17:42:41 GMT)

CARSON CITY (AP) - Investors in short-term mortgage loans, often called trust deeds, will be required to meet minimum ...
State Mortgage Lending Commissioner Scott Bice will set the minimum financial requirements by regulation under terms of the measure. (Sat, 19 May 2007 18:42:03 GMT)

U.S. 'subprime' mortgage crisis hitting blacks, Latinos hardest
WASHINGTON (CP) - Elizabeth Redrick has lived in her Cleveland home for almost four decades. Now, suddenly, she may lose it. (Sat, 19 May 2007 18:48:00 GMT)

Banks get stringent on home loans
Private banks are getting conservative, putting stringent safeguards against possible defaults while giving out home loans. (Sat, 19 May 2007 19:04:04 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Sat, 19 May 2007 19:12:11 GMT)

Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Sat, 19 May 2007 22:12:47 GMT)

Auto Refinancing Puts Gas Money in Your Pocket
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. The price of a barrel of crude oil recently peaked at $77 dollars. (Sat, 19 May 2007 23:11:50 GMT)

Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Sat, 19 May 2007 23:15:47 GMT)

Refinancing Can Relieve Your Car Payment Burdens
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Sat, 19 May 2007 23:15:58 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. (Sat, 19 May 2007 23:16:38 GMT)

Auto Refinancing Puts Gas Money in Your Pocket
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. The price of a barrel of crude oil recently peaked at $77 dollars. (Sat, 19 May 2007 23:16:48 GMT)

Two incomes to pay mortgage
New research shows it now takes two average incomes to pay off a standard mortgage in New Zealand. A survey by the website interest .co.nz tracks home loan affordability against a scale in which 40% of total household income goes on paying the mortgage. (Sat, 19 May 2007 23:20:05 GMT)

It takes two incomes to pay off standard mortgage - survey
The latest batch of real estate figures makes bleak reading for potential homeowners. Statistics compiled by the website interest.co.nz shows it now takes two average incomes to pay off a standard mortgage. (Sat, 19 May 2007 23:47:17 GMT)

Mortgage lenders waste no time in passing on rate rises to customers
LENDERS have been quick to pass on last week's increase in the Bank of England base rate to mortgage customers. (Sat, 19 May 2007 23:56:36 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, 20 May 2007 01:11:40 GMT)

JDC, SSIU set up new mortgage finance company - Jordan
JDC, SSIU set up new mortgage finance company - Jordan (Sun, 20 May 2007 04:01:16 GMT)

Approach you can bank on
arc Stefanski doesn't worry about checking Third Federal Savings and Loan's stock price. Just about everyone around him does it for him. He recently awoke to find a sticky note on a mirror in his home with the stock's day-before closing price - courtesy of his wife. (Sun, 20 May 2007 04:09:30 GMT)

The pros and cons of prepaying a mortgage
Holding off on mortgage prepayments generally benefits the more affluent, according to a study. (Sun, 20 May 2007 06:39:29 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, 20 May 2007 06:42:56 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, 20 May 2007 06:43:07 GMT)

New owners face Road Home hurdles
The Answer Spot addresses your post-Hurricane Katrina questions. To submit a question, send it to insurance@timespicayune.com. We were renting a home in Metairie that flooded and we had a significant amount of damage (over 75 percent loss of personal belongings). (Sun, 20 May 2007 06:56:04 GMT)

First Home wasn't just any thrift
First Home Federal Savings and Loan was like many in its doomed industry, caught in a financial mess 30 years ago by high inflation and hundreds of old loans no longer profitable. (Sun, 20 May 2007 07:06:43 GMT)

How to adjust to the changes
In a changing housing market, what should buyers, sellers, and homeowners who are considering refinancing do? ... (Sun, 20 May 2007 07:35:06 GMT)

Bernanke vows to study mortgage woes
WASHINGTON - Federal Reserve Chairman Ben Bernanke said last week that he did not believe the growing number of mortgage defaults would seriously harm the economy. (Sun, 20 May 2007 07:47:33 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Sun, 20 May 2007 10:14:03 GMT)

High roller of home loans
Over five years, Quick Loan Funding wrote $3.8 billion in mortgages to people with shaky credit. (Sun, 20 May 2007 10:14:28 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, 20 May 2007 10:52:08 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. (Sun, 20 May 2007 11:01:59 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, 20 May 2007 11:02:09 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, 20 May 2007 11:12:46 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? (Sun, 20 May 2007 11:46:09 GMT)

Mortgage rates hit 5-week high
WASHINGTON – Rates on 30-year mortgages jumped to the highest level in five weeks as investors expressed disappointment that the Federal Reserve continues to remain worried about inflation threats. (Sun, 20 May 2007 12:02:49 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, 20 May 2007 12:27:41 GMT)

NMC allowed to make $250K loan
Northern Marianas College may now get a loan for its campus renovation plans. The governor signed House Bill 15-222 on Thursday immediately after his return from a Japan trip. (Sun, 20 May 2007 14:05:48 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, 20 May 2007 15:11:39 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, 20 May 2007 15:12:40 GMT)

Better mortgage rates could be in the cards
With the peak home-buying season kicking off, savvy buyers will be scouring newspapers, checking the Internet and pounding the pavement, not only for the perfect house, but also for the best mortgage rate. (Sun, 20 May 2007 15:58:27 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? (Sun, 20 May 2007 16:12:19 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, 20 May 2007 16:25:36 GMT)

Cut-rate or cut-throat?
May 20 (UNION-TRIBUNE): When it came time for José Viesca, 26, to buy a home closer to his commercial loan job in Escondido, he didn't turn to Coldwell Banker, Century 21 or any of the other traditional real estate brokerages. (Sun, 20 May 2007 16:39:23 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? (Sun, 20 May 2007 17:11:40 GMT)

Genworth Financial: Subprime Woes May Even Help This Insurer - Barron's
Eli Hoffmann submits: Annotated article summary from this weekend's Barron's. Receive all our Barron's summaries by signing up here: Protecting the World -- and Boosting Profits by Sandra Ward Summary: Concerns over its mortgage insurance portfolio in the face of a subprime crisis have seen Genworth Financial shares underperform other insurers, despite consistent strong growth and [... ] (Sun, 20 May 2007 19:47:36 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. (Sun, 20 May 2007 20:12:11 GMT)

May 2007 home loan affordability index
www.interest.co.nz has released its May 2007 home loan affordability index, a monthly series. See the attached Release. This index measures how much take-home pay is required to service a standard mortgage payment for a median-priced house. (Sun, 20 May 2007 22:19:17 GMT)

It takes two incomes to pay a mortgage
There has been a dramatic squeeze in home affordability measures in the last three months, effectively shutting out most first-home buyers from many parts of the country. (Sun, 20 May 2007 22:40:12 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, 20 May 2007 23:17:48 GMT)

NZ home affordability feels the squeeze
There has been a dramatic squeeze in home affordability measures in NZ in the last three months, according to a survey released. (Sun, 20 May 2007 23:26:05 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Sun, 20 May 2007 23:47:07 GMT)

Mortgage insurance in category by itself
The Consumer Watch column of March 31 dealt with the need for various insurance coverage. One category discussed was credit insurance for large loans. It prompted the letter printed below. (Mon, 21 May 2007 00:18:13 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, 21 May 2007 01:11:02 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, 21 May 2007 02:00:47 GMT)

New Zealand April Home Loan Affordability Falls- Survey
(RTTNews) - Home loan affordability in New Zealand declined further in April that households need 2.0 average incomes to keep the mortgage payment within 40.0% of their total income, a survey from Interest.co.nz reported Monday. (Mon, 21 May 2007 02:02:04 GMT)

The Scoop on Adjustable Rate and Interest Only Mortgages
(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. (Mon, 21 May 2007 02:15:57 GMT)

Mortgage Fraud Is Up, but Not in Their Backyards
At first they were written off as bored housewives. Now the three women who call themselves the All-Broad Fraud Squad are helping the FBI. (Mon, 21 May 2007 02:37:36 GMT)

Licensing process thins loan officer ranks as past crimes come to light
Until recently, just about anybody could operate a loan office in Washington. But since the state required them to become licensed this year, three dozen loan officers have been barred from doing business here for failing criminal background checks. (Mon, 21 May 2007 02:53:05 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, 21 May 2007 03:11:51 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, 21 May 2007 03:48:15 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, 21 May 2007 04:11:51 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Mon, 21 May 2007 05:14:13 GMT)

Mortgage rates will trend lower during rest of the year
November December will be an ideal time for mortgage refinance. The econometric models point to rate cycle to in May and a bottom in December. The bond market took a bad beating for no real fundamental news in the last several weeks. The short term rates suffered too. (Mon, 21 May 2007 06:44:33 GMT)

Avoiding Foreclosure Advice Available From LoanPage.com
For many homeowners, the danger of foreclosure is becoming more real, and LoanPage.com is working to connect more homeowners with mortgage lenders who can provide just-in-time refinancing. In markets such as Las Vegas, where Fiserv predicts home values will drop by almost 9 percent this year, now is a critical time for homeowners to take steps to stop foreclosure from becoming a reality. (Mon, 21 May 2007 07:01:00 GMT)

Avoiding Foreclosure Advice Available From LoanPage.com
For many homeowners, the danger of foreclosure is becoming more real, and LoanPage.com is working to connect more homeowners with mortgage lenders who can provide just-in-time refinancing. In markets such as Las Vegas, where Fiserv predicts home values will drop by almost 9 percent this year, now is a critical time for homeowners to take steps to stop foreclosure from becoming a reality. (PRWeb ... (Mon, 21 May 2007 07:11:17 GMT)

High roller of home loans
Over five years, Quick Loan Funding wrote $3.8 billion in mortgages to people with shaky credit. (Mon, 21 May 2007 07:14:08 GMT)

Mortgage insurance payments tax deductable for '07 loans
The home mortgage market was built on the concept that a buyer will put 20 percent toward the purchase price of a new home and finance the remaining 80 percent through a standard 30-year fixed-interest loan. (Mon, 21 May 2007 07:16:16 GMT)

Now May Not Be the Time to Pay Down the Mortgage: John F. Wasik
May 21 (Bloomberg) -- When the housing market brakes, millions of homeowners who think they are going to stay in their home for a while start asking a common question: Is it time to pay down the mortgage? (Mon, 21 May 2007 07:43:34 GMT)

Uganda: Stanchart Bank Starts Home Loans
STANDARD Chartered Bank on Friday launched the residential mortgages facility dubbed 'My home loan' increasing competition in the lucrative market. (Mon, 21 May 2007 08:21:04 GMT)

Mortgage lending growth slows in April
Underlying net mortgage lending growth slowed in April in a sign that higher borrowing costs are starting to bite, the British Bankers' Association said on Monday. (Mon, 21 May 2007 08:35:00 GMT)

Mortgage market cools as rate rises bite
Mortgage approvals fell in April compared to the same month last year, it was revealed today. Approvals totalled £3.9m, down from £4.2m in April 2006. (Mon, 21 May 2007 09:44:54 GMT)

Mortgage lending starts to slow
The mortgage market is slowing a little following four interest rate rises since August, lenders say. (Mon, 21 May 2007 09:56:46 GMT)

What type of home equity loan is best for you?
Home equity loans are not all the same. Choose wisely. (Mon, 21 May 2007 10:00:00 GMT)

UK mortgage lending growth slows
UK house price rises and mortgage lending growth is moderating as recent interest rate increases take their toll, reports released on Monday showed. (Mon, 21 May 2007 10:08:17 GMT)

UK mortgage lending growth slows
UK house price rises and mortgage lending growth is moderating as recent interest rate increases take their toll, reports released on Monday showed. In its latest survey, property website Rightmove said the average asking price for a house was £237,361 in May, up just 0.4 per cent from April, and the smallest gain this year. (Mon, 21 May 2007 10:15:02 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? (Mon, 21 May 2007 10:38:10 GMT)

U.K April Net Mortgage Lending Up GBP5.0 Bln Vs. GBP5.1 Bln In March - BBA
(RTTNews) - In the United Kingdom, net mortgage lending rose GBP5.0 billion in April, the British Bankers' Association said Monday. Net mortgage lending fell from GBP5.1 billion in March. Net mortgage lending stands below the monthly average of GBP5.4 billion. (Mon, 21 May 2007 10:47:04 GMT)

U.K Mortgage Approvals Fall In April - BSA
(RTTNews) - U.K mortgage approvals amounted to GBP3.91 billion in April, the Building Societies Association said Monday. Approvals dropped from GBP4.24 billion last year. Building society gross advances totaled GBP3.77 billion compared to GBP3.51 billion prior year. (Mon, 21 May 2007 11:01:53 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, 21 May 2007 11:08:40 GMT)

U.K Gross Mortgage Lending GBP28.8 Bln Vs. GBP31.7 Bln In March - CML
(RTTNews) - In the United Kingdom, gross mortgage lending fell to GBP28.8 billion in April, the Council of Mortgage Lenders said Monday. Gross mortgage lending dropped 9% on month from GBP31.7 billion in March. Compared to last year, lending improved 18% from GBP24.4 billion. (Mon, 21 May 2007 11:17:44 GMT)

Mortgage lending down, figures show
Mortgage lending fell in April in an indication that the market is beginning to cool, figures from UK banks suggest. (Mon, 21 May 2007 11:29:33 GMT)

Home equity is often the largest asset a homeowner has. Financial success depends on knowing how to use it wisely.
As your home grows in value and your loan principal slowly shrinks, your home builds equity. Treat it with respect. (Mon, 21 May 2007 11:32:17 GMT)

Here are answers to the more frequently asked home equity questions.
I have a home equity line of credit (HELOC) for $30,000 that I took out a few years ago during my first refinance to get rid of my original 80/15/5 situation. We wanted to get rid of that 15 percent 30-year term loan, so we went with the line of credit. (Mon, 21 May 2007 11:33:38 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Mon, 21 May 2007 11:49:15 GMT)

Ditech Real Life Plan Empowers Customers With Package of Home Finance Solutions
Ditech, a nationwide provider of residential mortgage loans and financial services, announced today the launch of the Real Life Plan, the first product of its kind to combine a mortgage or refinance with a home equity line of credit and the Ditech Equity Rewards MasterCard®, which helps pay down the loan principal with use. (Mon, 21 May 2007 12:00:00 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, 21 May 2007 12:12:10 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, 21 May 2007 12:13:23 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, 21 May 2007 12:13:33 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, 21 May 2007 12:14:24 GMT)

U.K. Mortgage Lending Slows, Approvals Drop In April
(RTTNews) - U. K. net mortgage lending increased GBP5.0 billion in April, slightly lower than GBP5.1 billion in March, the British Bankers' Association - BBA said Monday. Net mortgage lending stands below the monthly average of GBP5.4 billion. (Mon, 21 May 2007 12:47:46 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Mon, 21 May 2007 13:25:38 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, 21 May 2007 13:52:27 GMT)

ISGN Strengthens Its Mortgage Industry Leadership Position; Acquires U.S. Mortgage Software Firm Dynatek
CHENNAI, India----ISGN, a rapidly growing provider of technology services to the U.S. mortgage industry, has announced it has acquired Dynatek, a U.S.-based provider of mortgage automation software for retail and wholesale lenders. (Mon, 21 May 2007 14:06:00 GMT)

10 Things to Know About Mortgages
Don't get blindsided by mortgage details when you buy your next home. (Mon, 21 May 2007 14:13:12 GMT)

Banking Groups Open to Mortgage Reforms
Banking industry trade groups Monday endorsed mortgage reform principles as the distressed market for high-risk home loans worsens and Congress ponders whether to intervene. (Mon, 21 May 2007 14:58:14 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, 21 May 2007 15:23:30 GMT)

Bankers join efforts to fight bad mortgage loans
Five industry banking trade groups endorse mortgage reform principles as housing woes worsen{b} Reagor: Another mortgage firm accused of illegal practices (Mon, 21 May 2007 15:33:15 GMT)

Parent of Clearwater mortgage firm strikes deal with EverBank
NetBank Inc. will sell a portion of its business to EverBank but keep its Clearwater-based retail mortgage lender, Market Street Mortgage Corp. (Mon, 21 May 2007 16:00:18 GMT)

Mortgage lender turns to tech park for bandwidth, security
National Fidelity Mortgage has signed on as a tenant of the Baltimore Technology Park to store its IT infrastructure there. (Mon, 21 May 2007 16:01:47 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, 21 May 2007 16:10:08 GMT)

Buying a home? They can help
A program designed to assist first-time homebuyers recently got a boost from a local bank. Community Connections, a division of Pathfinder Services, recently received a $73,000 grant from the Federal Home Loan Bank of Indianapolis. (Mon, 21 May 2007 16:20:17 GMT)

Mortgage lenders get creative
Following the subprime mortgage market collapse, new loans are down, and lenders are turning back to safer - less profitable - offerings. But with tougher competition and a shrinking market, they're getting a little more creative. (Mon, 21 May 2007 16:44:05 GMT)

Bank Groups Issue Mortgage Reform Ideas
Banking industry trade groups Monday endorsed mortgage reform principles as the troubled market for high-risk home loans worsens and Congress ponders whether to intervene. (Mon, 21 May 2007 17:51:20 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, 21 May 2007 17:53:27 GMT)

System promises savings on mortgage payments
Juan Hernandez said he'll pay off the 30-year mortgage on his Miami house in less than five years and save about $589,000 in interest. Miami Lakes resident Karyann Padron plans to pay her home loan in 15 years or less. Her estimated savings on interest: $150,000. (Mon, 21 May 2007 19:02:26 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, 21 May 2007 19:56:28 GMT)

Two more plead guilty in mortgage fraud case
Two men pleaded guilty Monday in federal court for their roles in a conspiracy to commit mortgage fraud. (Mon, 21 May 2007 19:57:13 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Mon, 21 May 2007 19:57:39 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, 21 May 2007 19:57:48 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, 21 May 2007 20:11:50 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, 21 May 2007 20:12:00 GMT)

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