Mortgage News May 2007

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Thai Cabinet OKs Bigger Mortgage Interest Payment Tax Break
BANGKOK -(Dow Jones)- The Thai Cabinet agreed Tuesday to increase the amount of the income tax deductible allowance for mortgage interest payments to THB100, 000 from THB50,000, Finance Minister Chalongphob Sussangkarn said. (Tue, 29 May 2007 05:46:43 GMT)

Before You Get Suckered Into A Bad Mortgage or Refinance, Call America's Watchdog, The Free Mortgage Intervention For ...
America's Watchdog, one of the premier consumer groups in the nation, has just come up with a list of very important consumer mortgage tips for homeowners nationwide. (Tue, 29 May 2007 07:01:00 GMT)

Zoogage -- A New Word in the Home Loan Industry
Zoogage announces the launch of Zoogage.com to help consumers learn what questions to ask potential mortgage lenders. (Tue, 29 May 2007 07:01:00 GMT)

The Mortgage Store Online: Now Offering Commercial Mortgage Loan Services
The Mortgage Store Online (TMSO) is now offering the most competitive mortgage rates and the largest cache of exclusive lenders for business people and profit-seekers who wish to acquire or refinance commercial real estate. (Tue, 29 May 2007 07:01:00 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. (Tue, 29 May 2007 07:11:40 GMT)

The Mortgage Store Online: Now Offering Commercial Mortgage Loan Services
The Mortgage Store Online (TMSO) is now offering the most competitive mortgage rates and the largest cache of exclusive lenders for business people and profit-seekers who wish to acquire or refinance commercial real estate. (PRWeb May 29, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/VGhpci1FbXB0LVNxdWEtU2luZy1UaGlyLVplcm8= (Tue, 29 May 2007 07:23:11 GMT)

Before You Get Suckered Into A Bad Mortgage or Refinance, Call America's Watchdog, The Free Mortgage Intervention For ...
America's Watchdog, one of the premier consumer groups in the nation, has just come up with a list of very important consumer mortgage tips for homeowners nationwide. The list has been designed to save homeowners from being taken advantage of when financing or refinancing a home. America's Watchdog is calling it a must do if you want to end up with the correct mortgage. The most important tip is ... (Tue, 29 May 2007 07:25:02 GMT)

Zoogage -- A New Word in the Home Loan Industry
Zoogage announces the launch of Zoogage.com to help consumers learn what questions to ask potential mortgage lenders. (PRWeb May 29, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/TWFnbi1NYWduLUNvdXAtU2luZy1UaGlyLVplcm8= (Tue, 29 May 2007 07:25:12 GMT)

DATA SNAP:UK BBA: April Mortgage Lending GBP17.3B, Dn Vs Mar
LONDON (Dow Jones)--U.K. mortgage lending slipped back a little in April as mortgage approvals also eased back slightly as four Bank of England rate rises in 10 months curbed the appetites of home buyers, the British Bankers Association said Tuesday. (Tue, 29 May 2007 08:50:01 GMT)

Lighthouse launches mortgage packaging service
Lighthouse Group has today launched a mortgage packaging service and support desk. The group of IFA and pension scheme administrators says the new service will help advisers write more business, help source, prepare and submit mortgage applications. (Tue, 29 May 2007 08:57:18 GMT)

Free Home Mortgage Loan Services Now Offered by The Mortgage Store Online
The Mortgage Store Online is proud to offer free home mortgage loan services to all Canadian borrowers who qualify for one of the company's Grade A lenders. All services and consultations are absolutely free, and since a majority of borrowers easily qualify for a Grade A lender, TMSO has become the best option borrowers have in acquiring a mortgage. (Tue, 29 May 2007 09:00:00 GMT)

Numbers game: No-fee mortgage not so clear-cut
Joe Nunziata was shaken when he heard that Bank of America was offering home buyers a "no-fee mortgage." (Tue, 29 May 2007 10:03:47 GMT)

Subprime loan crisis is hitting Vallejo hard / Report predicts nearly 1 in 4 will end in foreclosure
Vallejo is the Bay Area's version of ground zero for the subprime loan crisis. A significant number of residents of the largely blue-collar city of 120,000 have taken out subprime loans -- expensive mortgages issued to people with poor credit.... (Tue, 29 May 2007 10:38:39 GMT)

A lofty housing deal offers mortgage break or SUV lease
DETROIT -- A real estate developer is hoping to lure potential homebuyers with either a two-year lease on a 2007 Range Rover or one-year's worth of mortgage payments. (Tue, 29 May 2007 11:06:32 GMT)

Mortgage lenders report demand fall
The number of people taking out a mortgage in April fell and represented only a slight annual increase, according to the latest figures. (Tue, 29 May 2007 11:13:21 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, 29 May 2007 11:18:55 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, 29 May 2007 11:19:25 GMT)

Karnataka for loan waiver to help farmers
NEW DELHI: Karnataka on Tuesday sought sops like loan waiver and reduced interest on commercial bank loans in order to help small and marginal farmers and give a boost to "moribund" agriculture sector. (Tue, 29 May 2007 11:31:20 GMT)

Buyers Set A Cap On Mortgage Borrowing
Fewer people took out a mortgage in April than in March, according to figures from the British Bankers' Association. (Tue, 29 May 2007 11:34:01 GMT)

Mortgage of the week
The Halifax is offering a fixed rate deal until the 30th September 2009, at a rate of 5.29%, reverting to the standard variable rate for the remaining term of the mortgage, currently 7.5%. The overall cost for comparison is 7.4% APR. An Early Repayment Charge is payable if you repay all or part of the mortgage during the fixed rate period. (Tue, 29 May 2007 11:42:12 GMT)

Mortgage approvals up in April
The BBA left its earlier estimate for the rise in underlying net mortgage lending in April unrevised at 5.0 billion pounds, down from a 5.1 billion pounds increase in March and below the recent average of 5.4 billion. (Tue, 29 May 2007 11:51:37 GMT)

Luminent Mortgage Capital Provides Seasoned Loan Level Credit Performance Relative to Alt-A Industry Metrics
Luminent Mortgage Capital, Inc. provided today loan level credit performance for its hybrid and pay-option mortgage loans at nine months of seasoning relative to the comparable nine-month seasoned credit performance of several well-known Alt-A residential mortgage-backed securities shelves as published in the Merrill Lynch Mortgage Investor on May 17, 2007. (Tue, 29 May 2007 12:00:00 GMT)

Mortgage approvals rise in April
Mortgage approvals edged higher in April after four months annual declines but economists still predict the housing market will slow further this year as higher interest rates hit demand. (Tue, 29 May 2007 12:08:00 GMT)

Mortgage approvals rise in April
Mortgage approvals edged higher in April after four months annual declines but economists still predict the housing market will slow further this year as higher interest rates hit demand. (Tue, 29 May 2007 12:08:50 GMT)

Free Home Mortgage Loan Services Now Offered by The Mortgage Store Online
TheMortgage Store Online (TMSO) is proud to offer free home mortgage loanservices to all Canadian borrowers who qualify for one of the company'sGrade A lenders. All services and consultations are absolutely free, andsince a majority of borrowers easily qualify for a Grade A lender, TMSO hasbecome the best option borrowers have in acquiring a mortgage. (Tue, 29 May 2007 12:58:44 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Tue, 29 May 2007 13:30:38 GMT)

U.S. home prices fall for first time since 1991
WASHINGTON (MarketWatch) -- U.S. home prices dropped 1.4% in the first quarter compared with a year earlier, the first year-over-year decline in national home prices since 1991, according to the S&P/Case-Shiller index released Tuesday. (Tue, 29 May 2007 13:52:38 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. (Tue, 29 May 2007 13:55:30 GMT)

Fitch Rates Sequoia Mortgage Trust $1,028.96MM Series 2007-2
NEW YORK----Sequoia Mortgage Trust's mortgage pass-through certificates, series 2007-2, are rated by Fitch Ratings as follows: (Tue, 29 May 2007 14:43:00 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. (Tue, 29 May 2007 15:08:39 GMT)

Uganda: Stanchart Launches $0.47 Million Mortgage Fund
Housing looks set to become more affordable in Uganda with Standard Chartered Bank's announcement that it will introduce a mortgage fund. (Tue, 29 May 2007 16:08:51 GMT)

Priority Mortgage wins Klooster Memorial tournament
CHARLEVOIX — Corey Essenberg struck out eight and walked two in tossing a three-hitter Sunday as Priority Mortgage of Grand Rapids topped the Cheboygan Merchants, 7-3, to win the 4th Annual Bob Klooster Memorial men’s fastpitch softball tournament. (Tue, 29 May 2007 16:21:10 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? (Tue, 29 May 2007 16:37:54 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, 29 May 2007 18:18:58 GMT)

Mortgage telemarketing gets scrutiny
As a former mortgage broker, Adryenn Ashley thought she knew what to expect when she refinanced her house in March. Yet Ashley was unprepared for one twist she encountered: A barrage of phone calls and e-mails from rival lenders vying to sell her a better mortgage. (Tue, 29 May 2007 18:28:44 GMT)

Subprime ABX Index Under Pressure On Loan Performance Data
NEW YORK -(Dow Jones)- The riskiest portion of the benchmark credit derivative index based on subprime mortgages came under pressure Tuesday after closely- watched loan data showed borrowers continuing to buckle under the weight of their home loans in May. (Tue, 29 May 2007 18:33:50 GMT)

Fed sets key topics for mortgage abuse hearing
The Federal Reserve said on Tuesday a public hearing on potential new rules to curb abusive home mortgage lending practices would cover prepayment penalties, low documentation loans and consideration of borrowers' repayment abilities. (Tue, 29 May 2007 18:39:04 GMT)

Subprime loan crisis is hitting Vallejo hard / Report predicts nearly 1 in 4 will end in foreclosure
Vallejo is the Bay Area's version of ground zero for the subprime loan crisis. A significant number of residents of the largely blue-collar city of 120,000 have taken out subprime loans -- expensive mortgages issued to people with poor credit.... (Tue, 29 May 2007 19:01:36 GMT)

BNY Mortgage and EverBank Gather Industry's Top Leaders to Build Reverse Mortgage Business
With the popularity of reverse mortgages on the rise, BNY Mortgage, An EverBank® Company, is assembling the best and brightest in the industry to create a world-class reverse mortgage business catering to older Americans looking to leverage their home equity and establish financial well-being, independence, and peace of mind. (Tue, 29 May 2007 19:19:00 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. (Tue, 29 May 2007 19:42:28 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, 29 May 2007 19:42:36 GMT)

Mortgage Telemarketing Gets Scrutiny
BOSTON -- As a former mortgage broker, Adryenn Ashley thought she knew what to expect when she refinanced her house in March. Yet Ashley was unprepared for one twist she encountered: A barrage of phone calls and e-mails from rival lenders vying to sell her a better mortgage. (Tue, 29 May 2007 19:46:51 GMT)

Luminent Mortgage Capital Announces Offering of $85 Million of Senior Unsecured Convertible Notes and Expected ...
Luminent Mortgage Capital, Inc. announced today it has commenced an offering, subject to market and other conditions, of $85 million aggregate principal amount of senior unsecured convertible notes due 2027 to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended. (Tue, 29 May 2007 20:01:00 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, 29 May 2007 20:10:49 GMT)

Mortgage rates jump again
Mortgage rates went up Tuesday for the second time in two weeks as the Bank of Canada sent a strong signal that borrowed money is about to get more expensive. (Tue, 29 May 2007 20:53:06 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, 29 May 2007 21:11:49 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. (Tue, 29 May 2007 21:12:10 GMT)

Marginal rise in mortgage approvals in April
The number of UK mortgage approvals in April rose marginally after four months of annual declines but economists ruled out any room for optimism saying the housing market is poised for a slowdown in the wake of consecutive interest rate increases. (Tue, 29 May 2007 21:22:40 GMT)

UPDATE: Subprime ABX Index Under Pressure On Loan Data
NEW YORK -(Dow Jones)- The riskiest portion of the benchmark credit derivative index based on subprime mortgages came under pressure Tuesday after closely watched loan data showed borrowers continuing to buckle under the weight of their home loans in May. (Tue, 29 May 2007 21:46:45 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, 30 May 2007 00:26:01 GMT)

Abode Mortgage Corporation: Grant of Options
VANCOUVER, BRITISH COLUMBIA-- - Abode Mortgage Corporation reports that it has granted options to eligible recipients entitling them to purchase, for a period of three years, 5,000,000 shares at a price of C$0.18 each. (Wed, 30 May 2007 03:00:01 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, 30 May 2007 03:52:36 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. (Wed, 30 May 2007 03:53:37 GMT)

Recorder says he's stunned by scope of mortgage problems
— Since January, Willis Blackshear has eyeballed countless mortgage documents looking for loans that run the risk of becoming part of Montgomery County's growing foreclosure crisis. (Wed, 30 May 2007 04:11:36 GMT)

Recorder says he's stunned by scope of mortgage problems
— Since January, Willis Blackshear has eyeballed countless mortgage documents looking for loans that run the risk of becoming part of Montgomery County's growing foreclosure crisis. (Wed, 30 May 2007 06:42:18 GMT)

Investec buys UK's biggest sub-prime mortgage lender
Kensington Group, the troubled sub-prime mortgage lender, has agreed to be bought by Investec, the South African bank, for £283m in a mixed cash and share deal. (Wed, 30 May 2007 06:57:51 GMT)

Zoogage Announces the Five Rules to Navigating the Home Loan Jungle
Zoogage announces the five (5) most important rules for consumers trying to navigate the home loan jungle. (Wed, 30 May 2007 07:01:00 GMT)

Zoogage Announces the Five Rules to Navigating the Home Loan Jungle
Zoogage announces the five (5) most important rules for consumers trying to navigate the home loan jungle. (PRWeb May 30, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/SW5zZS1GYWx1LUNvdXAtU2luZy1UaGlyLVplcm8= (Wed, 30 May 2007 07:29:15 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, 30 May 2007 07:40:46 GMT)

Investec rescues mortgage lender Kensington
Investec, the South Africa bank, has agreed to rescue Kensington, the troubled sub-prime mortgage lender, which admitted today it is no longer able to raise financing to support its business. (Wed, 30 May 2007 08:01:35 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, 30 May 2007 08:57:41 GMT)

HSBC managing mortgage impact
HSBC said its US subsidiary was trying to limit the impact of increased interest rates on mortgage customers as the downturn in the US housing market continued to weigh on the bank's results. (Wed, 30 May 2007 09:30:04 GMT)

Complaints prompt hard look at mortgage telemarketing
BOSTON - As a former mortgage broker, Adryenn Ashley thought she knew what to expect when she refinanced her house in March. Yet Ashley was unprepared for one twist she encountered: A barrage of phone... (Wed, 30 May 2007 09:34:10 GMT)

Pluses and pitfalls of home equity borrowing
Leveraging the equity in your home can be a savvy financial move or a step backward. Here's a look at the pluses, pitfalls and alternatives to home equity borrowing (Wed, 30 May 2007 10:00:00 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Wed, 30 May 2007 10:09:57 GMT)

Ahead of the Bell: Mortgage Applications
Mortgage application data to be released Wednesday will send Wall Street fresh signals about how home buyers and owners are reacting to the housing market's slump. (Wed, 30 May 2007 10:58:02 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? (Wed, 30 May 2007 11:11:53 GMT)

Dollar hits 30-year high, mortgage rates up
The dollar and mortgage rates are both on the way up. The dollar is at its highest closing in almost 30 years -- 93.15 cents U-S. (Wed, 30 May 2007 11:14:52 GMT)

Mortgage volume decreases as rates rise; refinancings weak
CHICAGO (MarketWatch) -- The volume of mortgage applications decreased last week as interest rates continued to rise, the Mortgage Bankers Association reported Wednesday. (Wed, 30 May 2007 11:22:48 GMT)

Pros and cons of tapping home equity
You have erratic or hard-to-prove income: Because home equity borrowing is a secured loan and a number of lenders still base loan approval on credit score alone, you have a better chance of approval, providing your credit score is good. (Wed, 30 May 2007 11:32:17 GMT)

U.S. MBA's Mortgage Applications Index Fell 7.3% Last Week
May 30 (Bloomberg) -- Mortgage applications in the U.S. last week fell by the most in four months as higher borrowing costs discouraged filings for home purchases and refinancing. (Wed, 30 May 2007 11:44:47 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, 30 May 2007 12:07:07 GMT)

Subprime Fiasco Exposes Manipulation by Mortgage Brokerages
May 30 (Bloomberg) -- Taher Afghani was working for discount retailer Target Corp. near San Francisco when friends told him about the riches to be made in California's Mortgage Alley. (Wed, 30 May 2007 14:10:54 GMT)

Mortgage applications fall
Mortgage applications declined last week as interest rates hit seven-month highs, according to the latest report by the Mortgage Bankers Association. (Wed, 30 May 2007 14:43:55 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? (Wed, 30 May 2007 15:09:38 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, 30 May 2007 15:09:58 GMT)

Wow, I could've had a prime mortgage
Imagine you're a homeowner, and you discover that instead of the expensive subprime mortgage loan you signed on for, you actually qualified for a prime mortgage with much lower interest rates. (Wed, 30 May 2007 15:14:05 GMT)

Home loan demand off as rates hit 7-month high
U.S. mortgage applications fell last week, weighed down by a plunge in demand for home refinancing as interest rates reached seven-month highs, an industry group said on Wednesday. (Wed, 30 May 2007 15:23:31 GMT)

Home loan demand off as rates hit 7-month high
NEW YORK (Reuters) - U.S. mortgage applications fell last week, weighed down by a plunge in demand for home refinancing as interest rates reached seven-month highs, an industry group said on Wednesday. (Wed, 30 May 2007 16:21:46 GMT)

Mortgage demand dips as rates rise; Pulte cuts jobs
Mortgage applications fell last week, weighed down by a plunge in demand for home refinancing as interest rates reached seven-month highs, an industry group said Wednesday. (Wed, 30 May 2007 16:47:52 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." (Wed, 30 May 2007 17:19:20 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. (Wed, 30 May 2007 17:19:30 GMT)

The Mortgage Market: What Happened?
NPR.org , April 26, 2007 · As the nationwide real-estate boom of recent years goes bust, economists and regulators are questioning the role that mortgage lenders played in helping to create an overheated housing environment. (Wed, 30 May 2007 18:09:20 GMT)

EverBank to expand reverse mortgage business
EverBank Financial Corp. has acquired the Bank of New York's interest in BNY Mortgage and hired a team of executives to expand its reverse mortgage business. (Wed, 30 May 2007 18:51:53 GMT)

LISC will make loan to TIF Commission for Midtown projects
Greater Kansas City Local Initiative Support Corp. will make a $550,625 loan to the Tax Increment Financing Commission of Kansas City for rehabilitation projects in the boundaries of the Southtown Corridor/31st & Baltimore TIF plan. (Wed, 30 May 2007 19:12:13 GMT)

Fitch Rates $796MM Home Equity Loan Trust 2007-HSA3
NEW YORK----Home Equity Loan Trust 2007-HSA3, which closed on May 30, 2007, is rated by Fitch Ratings as follows: $796,432,000 classes A-I-1 through A-I-6 and A-II 'AAA'. (Wed, 30 May 2007 22:07:00 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, 30 May 2007 23:39:51 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? (Wed, 30 May 2007 23:41:01 GMT)

Lombard acquires Tasman Mortgage Group
31 May 2007 – Lombard Group Limited (Lombard Group, NZX: LOM) is pleased to announce it has entered into an agreement to acquire Tasman Mortgage Group, a securitised mortgage arranger and mortgage broking subsidiary of ASX-listed Australasian residential investment company Blue Chip Financial Solutions Limited (ASX: BCF). (Thu, 31 May 2007 01:34:27 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. (Thu, 31 May 2007 01:55:06 GMT)

Mortgage lending in eurozone slows as higher rates bite
Mortgage lending in the eurozone is expanding at its slowest rate for more than three years, according to European Central Bank data released yesterday, which showed higher interest rates biting in the 13-country zone. (Thu, 31 May 2007 02:18:00 GMT)

Lombard buys mortgage broker
Financial services company Lombard Group is buying a mortgage broking business from Australian-listed residential investor Blue Chip. (Thu, 31 May 2007 02:44:46 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, 31 May 2007 05:30:21 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. (Thu, 31 May 2007 05:42:50 GMT)

Complaints prompt hard look at mortgage 'trigger leads'
These days, mortgage shoppers are supreme telemarketing targets, thanks to "trigger leads" that the credit reporting bureaus sell to lenders the instant a consumer's credit file is pulled by a loan officer. (Thu, 31 May 2007 06:40:01 GMT)

New Mortgage Data Show Adjustable Rate Mortgages Unnecessary for Most Subprime Borrowers
Mortgage rate data from FreeRateSearch.com shows little difference between fixed and adjustable subprime mortgage rates. (PRWeb May 31, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/U3F1YS1GYWx1LVNxdWEtU2luZy1UaGlyLVplcm8= (Thu, 31 May 2007 07:18:44 GMT)

U.K. Mortgage Loans Drop as Consumer Credit Reaches Decade-Low
May 31 (Bloomberg) -- U.K. mortgage approvals fell and consumer credit dropped to the lowest in a decade in April, a sign higher interest rates are deterring Britons from borrowing. (Thu, 31 May 2007 08:40:44 GMT)

Mortgage approvals fall
Mortgage approvals fell for the third month running in April to their lowest level in a year, and consumers took on the lowest amount of new debt in a decade in another sign that higher interest rates are hurting. (Thu, 31 May 2007 08:59:00 GMT)

Mortgage approvals hit year low
The number of new mortgage approvals in the UK fell to a 12-month low in April, Bank of England figures show. (Thu, 31 May 2007 09:02:50 GMT)

4 steps to take before borrowing on home
Know your rights and understand all the terms before agreeing to a loan. (Thu, 31 May 2007 10:00:00 GMT)

Mortgage approvals point to cooling market
There was further evidence of a slowdown in the housing market today, as mortgage approvals fell to their lowest level in a year. According to the Bank of England, approvals dropped to 107,000 last month, a fall of 5,000 on March. (Thu, 31 May 2007 10:29:54 GMT)

Mortgage approvals drop in April, says BoE
LONDON (SHARECAST) - Mortgage approvals dropped again in April, hitting their lowest level in a year, according to official figures out today. (Thu, 31 May 2007 10:38:30 GMT)

Mortgage approvals at 12-month low
Mortgage approvals in April fell to a 12-month low in an indication of weakening home buyer demand, according to new figures. The Bank of England said 107,000 loans were agreed for home purchase during the month down from 112,000 in March. (Thu, 31 May 2007 11:13:01 GMT)

Bankrate: Mortgage Rates Hit a 9-Month High
Mortgage rates increased for the fifth consecutive week, with the average 30-year fixed mortgage rate rising to the highest point since August. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage rate is now 6.47 percent and has an average of 0.26 discount and origination points. (Thu, 31 May 2007 11:30:00 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, 31 May 2007 11:54:26 GMT)

Mortgage approvals continue to fall says Bank of England
The Bank of England’s mortgage data for April has shown that mortgage approvals have continued to fall. The number of loans approved for house purchase (107,000), those for remortgaging (98,000) and those for other purposes (72,000) were all lower than in March. (Thu, 31 May 2007 12:12:21 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." (Thu, 31 May 2007 12:15:37 GMT)

Courtly Manor takes on $37.8M loan
A South Florida site is one of six Florida manufactured home communities to take on new financing. (Thu, 31 May 2007 12:45:02 GMT)

Mortgage rates climb again
Mortgage rates rose again this week on strong economic growth outside of the housing market, according to a weekly report from Freddie Mac Thursday. (Thu, 31 May 2007 13:44:15 GMT)

U.S. mortgage rates edge higher for third straight week
PHILADELPHIA (MarketWatch) -- Mortgage rates edged higher for a third straight week, Freddie Mac said Thursday, with the national average on the benchmark 30-year, fixed-rate loan hitting 6.42%, up from 6.37% a week earlier. The rate remains below its year-ago level of 6.67%. (Thu, 31 May 2007 14:07:58 GMT)

Newest Rate and Payment Calculators from The Mortgage Store Online
The Mortgage Store Online (TMSO) today released its complete set of free home mortgage loan calculators on their website at themortgagestoreonline.com. These highly accurate mortgage calculators use current and true rate information to give borrowers the most realistic mortgage payment calculations. (Thu, 31 May 2007 14:49:00 GMT)

Newest Rate and Payment Calculators from The Mortgage Store Online
The Mortgage Store Online (TMSO) today released its complete set of free home mortgage loan calculators on their website at themortgagestoreonline.com. These highly accurate mortgage calculators use current and true rate information to give borrowers the most realistic mortgage payment calculations. (PRWeb May 31, 2007) Post Comment:Trackback URL: ... (Thu, 31 May 2007 15:15:54 GMT)

Mortgage Rates Rise for Third Week
Rates on 30-year mortgages rose for a third straight week, hitting the highest level in eight months. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.42 percent in its nationwide survey this week. (Thu, 31 May 2007 17:05:52 GMT)

Bankrate: Mortgage Rates Hit a 9-Month High
To: REAL ESTATE EDITORSNEW YORK, May 31 /PRNewswire-FirstCall/ -- Mortgage rates increased for the fifth consecutive week, with the average 30-year fixed mortgage rate rising to the highest point since August. (Thu, 31 May 2007 17:11:50 GMT)

Mortgage rate rise pressures housing recovery
Mortgage rates went up again this past week, putting more pressure on a weak housing market and further dimming prospects for a quick recovery. (Thu, 31 May 2007 17:13:55 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. (Thu, 31 May 2007 17:26:02 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, 31 May 2007 17:39:09 GMT)

UPDATE: Summer Subprime-mortgage Reprieve May Be 'mirage': Analyst
SAN FRANCISCO (Dow Jones) -- Falling house prices will keep pressure on the subprime-mortgage business in the second half of this year, stalling any chance of a quick recovery, according to a note by Rochdale Securities analyst Mark Morgan on Thursday. (Thu, 31 May 2007 17:47:02 GMT)

Summer subprime-mortgage reprieve may be 'mirage': analyst
SAN FRANCISCO (MarketWatch) -- Falling house prices will keep pressure on the subprime-mortgage business in the second half of this year, stalling any chance of a quick recovery, according to a note by Rochdale Securities analyst Mark Morgan on Thursday. (Thu, 31 May 2007 17:52:48 GMT)

Mortgage rates up on non-housing growth
Mortgage rates increased this week due to strong consumer and business spending, according to Freddie Mac. (Thu, 31 May 2007 18:11:50 GMT)

Fitch Rates $331.9MM Asset Backed Securities Corp HE Loan Trust, Series AMQ 2007-HE2
NEW YORK----Asset Backed Securities Corporation Home Equity Loan Trust, Series AMQ 2007-HE2 certificates are rated by Fitch Ratings as follows: $257.82 million classes A1 through A5 'AAA', $16.45 million class M1 'AA+', $16.45 million class M2 'AA', $5.02 million class M3 'AA-', $5.02 million class M4 'A+', $5.71 million class M5 'A', $3.81 million class M6 'A-', $5.20 million class M7 'BBB+', ... (Thu, 31 May 2007 18:29:00 GMT)

30-year mortgage rates highest in 8 months
Mortgage giant Freddie Mac reported today that 30-year, fixed-rate mortgages averaged 6.42 percent in its nationwide survey this week. (Thu, 31 May 2007 18:46:14 GMT)

Sector Snap: Mortgage Lenders
Shares of most mortgage lenders fell modestly Thursday after an industry group reported fewer people applied for home loans last week. (Thu, 31 May 2007 19:02:53 GMT)

Mortgage rates up on durables report
Freddie Mac, the government-backed mortgage lender, reported mortgage rates mostly rose this week on news of increased durable goods orders. (Thu, 31 May 2007 19:19:44 GMT)

U.S. Home Prices Gain at Slowest Pace in a Decade (Update3)
May 31 (Bloomberg) -- U.S. home prices in the first quarter rose at the slowest pace in a decade, led by declines in Massachusetts and Michigan, as the U.S. housing slump entered its second year, a government report showed. (Thu, 31 May 2007 19:25:57 GMT)

Fears over helping hand for mortgage defaulters
A generation ago, a mortgage was still a simple contract negotiated face-to-face between a borrower and a local bank manager. But the business of home lending has changed dramatically. (Thu, 31 May 2007 20:01:01 GMT)

Fears over helping hand for mortgage defaulters
A generation ago, a mortgage was still a simple contract negotiated face-to-face between a borrower and a local bank manager. But the business of home lending has changed dramatically. (Thu, 31 May 2007 20:12:14 GMT)

Federal Home Loan Bank of San Francisco Releases April 2007 Cost of Funds Index
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco announced May 31, 2007, that the 11th District Monthly Weighted Average Cost of Funds Index for April 2007 is 4.224%. The index for March 2007 was 4.299%. (Thu, 31 May 2007 22:10:00 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. (Thu, 31 May 2007 22:42:42 GMT)

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