Mortgage News Oct 2007

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Should we pay off mortgage or stick with our savings?
WE HAVE a three-part mortgage of £19,500; this is made up of a £11,000 endowment mortgage which comes to term in July next year, a £6,000 endowment which does not come to term until 2014, and £2,500 left on a repayment mortgage which should be paid off... (Sun, 21 Oct 2007 00:18:20 GMT)

Pension plan asks board of mortgage lender Countrywide to replace chairman Mozilo
A pension plan that owns shares of Countrywide Financial Corp. has asked the mortgage lender's board to oust Chairman and CEO Angelo Mozilo amid criticism of the company's management and a sharp decline this year in its stock price. (Sun, 21 Oct 2007 00:25:21 GMT)

ALP won't back tax mortgage payment plan
Labor has ruled out making mortgage repayments tax deductible. (Sun, 21 Oct 2007 03:04:11 GMT)

Retiring with a mortgage
It's an increasingly common problem: You want to retire — but you haven't retired your mortgage. (Sun, 21 Oct 2007 03:48:10 GMT)

MORTGAGE MELTDOWN / Jumbos making a rebound
The jumbo-mortgage market, which went into a deep freeze in late August, is starting to thaw. Some large lenders have begun pricing their jumbo loans more aggressively in the past few days and weeks, bring rates closer to where they were before the credit... (Sun, 21 Oct 2007 04:05:32 GMT)

Area home auctions hit the roof
The total number of foreclosures in 36 Massachusetts communities north of Boston nearly tripled from January through September compared with the same period last year, showing the national mortgage turmoil is hitting home with a vengeance. (Sun, 21 Oct 2007 04:42:26 GMT)

Consider these seven smart mortgage moves for the remainder of 2007
We have always said that "things change," but that statement has never been truer than this year, when mortgage lending had a total shift in polarity with the collapse of liquidity in nonconforming paper on Wall Street. (Sun, 21 Oct 2007 05:13:30 GMT)

Company honors mortgage consultant
Dave Pearce has been named the Neighborhood Mortgage mortgage consultant of the third quarter by his company. Pearce has surpassed his previous sales goals and set a personal record, according to a company press release. (Sun, 21 Oct 2007 07:04:02 GMT)

Area mortgage broker gets rare certification
Nicholas J. Mink, a mortgage broker at Brink Mortgage, LLC in Westmont, became one of only three in New Jersey to attain the standing as a certified residential mortgage specialist. (Sun, 21 Oct 2007 07:13:40 GMT)

MORTGAGE MELTDOWN / Jumbos making a rebound
The jumbo-mortgage market, which went into a deep freeze in late August, is starting to thaw. Some large lenders have begun pricing their jumbo loans more aggressively in the past few days and weeks, bring rates closer to where they were before the credit... (Sun, 21 Oct 2007 07:20:57 GMT)

Refinancing a car loan can save you down the road
South Florida is a car-centric place. Paying for those wheels, though, drives some people to distraction. (Sun, 21 Oct 2007 07:21:50 GMT)

SUSAN TOMPOR: The hoops are high for those trying to land a start-up loan
Carl Chandler, one of three owners of a Del Taco franchise in Clawson, recalls putting together packets of financial documents to hand to three banks while shopping for a small business loan. The paperwork was as thick as the Macho Burritos on the menu. (Sun, 21 Oct 2007 07:24:24 GMT)

Want a Mortgage? Start by Settling Your Score
(ARA) - Anyone who's been denied credit may feel the old adage "you can't fight city hall" should be replaced by a new axiom: "You can't fight the credit system." But not only can you fight, if you're even thinking about applying for a mortgage in the future, you almost certainly need to. (Sun, 21 Oct 2007 08:15:55 GMT)

Consumer loan and savings rates
Consumer Loan And Savings Rates A sampling of financial institutions was asked to quote the most recent lowest annual percentage rates they would charge a new loan customer with an annual income from $30,000 to $35,000 and good credit standing. (Sun, 21 Oct 2007 08:55:34 GMT)

Refinance, transfer land Air Force couple in bind
"We got suckered," Kris Guffa says as she looks back at how she and her husband were pitched with a chance to refinance at 100 percent of their home's value. Two years later, there is turmoil in the family's finances. (Sun, 21 Oct 2007 09:13:23 GMT)

2 months behind on the mortgage
STATEN ISLAND, N.Y. -- For the first time in his life, Tony Morreale must ask for help to pay his mortgage. Despite recent promises of aid for struggling homeowners from everyone from President Bush to Morreale's own lender, Countrywide Home Loans, Morreale isn't getting a lot of sympathy. (Sun, 21 Oct 2007 10:07:16 GMT)

CAN'T BANK ON MORTGAGE HOLDER
Dear John: I'm concerned about recent news that GreenPoint Bank was being purchased by North Fork Bank and then both were acquired by another company. The mortgage on my co-op was originally through North Fork, then sold to GreenPoint. Do you have... (Sun, 21 Oct 2007 10:10:28 GMT)

Use Auto Refinancing to Ease the Family Budget
(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. It's reported that gas prices could exceed $4 per gallon this summer. (Sun, 21 Oct 2007 10:23:01 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, 21 Oct 2007 10:36:57 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Sun, 21 Oct 2007 10:53:51 GMT)

Refinance Your Adjustable Rates Today
(ARA) - As the old saying goes "a man's home is his castle." The benefits of owning a home are many, including financial security. While a home mortgage is good for your financial stability, refinancing for a better mortgage than you originally qualified for can benefit your finances even more. (Sun, 21 Oct 2007 10:54:01 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, 21 Oct 2007 11:21:37 GMT)

Refinance Now to Avoid your ARM rate Increase
(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, 21 Oct 2007 11:21:47 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? (Sun, 21 Oct 2007 11:37:52 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, 21 Oct 2007 11:38:02 GMT)

Reversing fortunes: Retirees expand lifestyles with mortgage option
Reverse mortgages have been a popular tool for cash-strapped retirees, but wealthier folks are finding ways to use them, too. With a mansion worth $21 million, a wealthy retiree near Philadelphia decided the most logical way to access that cash and improve his standard of living was to take out a reverse mortgage on the house and invest the money for more income. (Sun, 21 Oct 2007 13:37:53 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, 21 Oct 2007 14:07:51 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Sun, 21 Oct 2007 14:51:35 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Sun, 21 Oct 2007 14:52:41 GMT)

Community gives 'Extreme Makeover' to flood victims' home
MANCHESTER - If it weren't for a couple of Derry-area businesses and volunteers, a Manchester family might never have gotten the home of their dreams. (Sun, 21 Oct 2007 16:17:16 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, 21 Oct 2007 19:36:35 GMT)

Mortgage fraud victims deserve our help
The stories of mortgage fraud victims can bring tears to your eyes. There is the man with six children who lost his family's home on his wedding day after being snared in a "foreclosure rescue" scam. There is the hard-working single mom with five children who trusted an unscrupulous broker who then milked all the equity from her home and piled her with additional debt. These are not isolated ... (Sun, 21 Oct 2007 21:04:58 GMT)

Mortgage Security Bondholders Facing a Cutoff of Interest Payments
The cutoff of interest payments, which is expected to accelerate, would be the latest blow to the markets as investors try to anticipate the next problem that might shake confidence. (Sun, 21 Oct 2007 22:50:20 GMT)

Reverse home foreclosure trend
The face of home foreclosure is not pretty: Rows of neatly kept homes interspersed with boarded-up, graffiti-marred houses that become magnets for crime. Foreclosure is a difficult and imposing problem - but it must be addressed. (Sun, 21 Oct 2007 23:30:54 GMT)

Home Of Quadruple Shooting Firebombed
Fire has gutted a Detroit home where two children and two adults recently were shot to death in their sleep. (Mon, 22 Oct 2007 00:06:56 GMT)

Home And Garden Expo Wraps Up
OMAHA, Neb. -- The Fall Home and Garden Expo at Omaha's Qwest Center just wrapped up. Every year the expo offers new ideas for inside and outside the home, from playground equipment to the latest technology in siding. (Mon, 22 Oct 2007 01:06:06 GMT)

Firstfolio to Acquire Premium Mortgage Group Business (FFF.AX, 00772346, 20071022)
Firstfolio advised that it has entered into an agreement with mortgage broking specialist Premium Mortgage Group, where Firstfolio lending and other financial service products will be offered through the Premium Mortgage Group offices. In consideration Firstfolio will issue Premium Mortgage Group 1.5m Firstfolio shares which will be subject to voluntary escrow until Premium Mortgage Group / ... (Mon, 22 Oct 2007 02:58:00 GMT)

Farm Home school clears one hurdle
A local historic property in the midst of renovation is one step closer to national recognition. The Children’s Farm Home School on Highway 20 northeast of Corvallis has been empty and crumbling for around 20 years. (Mon, 22 Oct 2007 03:16:48 GMT)

2007 MHSAA Football Playoff First-Round Pairings
Even in a cooling market, there are still ways to sell your home. More Do your homework first! LendingTree has expert articles and mortgage calculators to help you find the right refinance loan. Complete our simple, secure online request and compare up to 4 offers. No fees, no obligation! (Mon, 22 Oct 2007 03:29:15 GMT)

Fire Damages Far East El Paso Home
In just 30 minutes, a family of four was forever changed when fire ripped through their far East El Paso home. Peter Daut Reports: East El Paso Fire (Mon, 22 Oct 2007 03:54:21 GMT)

Concerns are growing over the future of Paragon, the UK specialist buy-to-let mortgage lender whose shares have fallen ...
Concerns are growing over the future of Paragon, the UK specialist buy-to-let mortgage lender whose shares have fallen 63% this year, as the turmoil in global credit markets continues to restrict the terms on which banks can borrow money. (Mon, 22 Oct 2007 04:11:35 GMT)

Local agencies urge lenders to do more to prevent home foreclosures
Against a backdrop of rising foreclosures and increasing criticism over the way lenders are handling loan "workouts," housing advocates are stepping up efforts to prevent foreclosures that will lead to local residents losing their homes. (Mon, 22 Oct 2007 05:15:22 GMT)

Wildfire-Related School Closings
Even in a cooling market, there are still ways to sell your home. More Do your homework first! LendingTree has expert articles and mortgage calculators to help you find the right refinance loan. Complete our simple, secure online request and compare up to 4 offers. No fees, no obligation! (Mon, 22 Oct 2007 05:22:34 GMT)

Mortgage aid sought for homeowners
With $600 billion in subprime mortgages expected to carry increased payments for homeowners under adjustable rate mortgage notes in Texas by the end of the year, the Texas attorney general has appealed to lenders to take measures that would minimize foreclosures on borrowers who have trouble meeting the increased payment burden. (Mon, 22 Oct 2007 05:35:30 GMT)

Mortgage servicers back national effort
Ohio's latest effort to stem the state's foreclosure crisis may be undermined by a national iniative backed by many in the mortgage industry. (Mon, 22 Oct 2007 06:08:24 GMT)

Options to foreclosure abound
South Floridians who are facing foreclosure in the wake of the mortgage boom meltdown are not without hope. They can expect to encounter significant difficulties, but many will find that they will not lose their home or ruin their credit if they take a proactive and determined approach in negotiating a ''workout'' with their loan servicing company and their lender. (Mon, 22 Oct 2007 07:03:18 GMT)

Free Mortgage Marketing Online: Over a Thousand Mortgage Brokers and Lenders Unite in Fast-Growing Mortgage Directory
In the past six months, more than a thousand mortgage brokers and lenders throughout the nation, has joined the mortgage directory at MortgageLoan.com. The site serves thousands of unique visitors daily, and provides brokers and lenders with potential borrowers -- free of charge. (PRWeb Oct 22, 2007) Post Comment:Trackback URL: ... (Mon, 22 Oct 2007 07:22:28 GMT)

Find help with inflexible mortgage rules
Question: I left active duty in the Marine Corps about seven months ago and got behind on my mortgage payments. I found a new job and am able to make the payments and some extra, but the mortgage company will not accept partial payment. (Mon, 22 Oct 2007 07:40:25 GMT)

Farm Home school clears one hurdle
A local historic property in the midst of renovation is one step closer to national recognition. The Children’s Farm Home School on Highway 20 northeast of Corvallis has been empty and crumbling for around 20 years. (Mon, 22 Oct 2007 07:47:16 GMT)

Asia stocks tumble on renewed mortgage fears
Renewed concerns about the health of the American economy sent Asian stocks sharply lower on Monday. (Mon, 22 Oct 2007 07:52:52 GMT)

Sheffield Wednesday wait on loan star decision
The 33-year-old midfielder, impressive again in Saturday's vital 4-2 win at Stoke City, is set to return to Sunderland after the home game against Scunthorpe United. (Mon, 22 Oct 2007 08:08:14 GMT)

Tap home equity carefully
Rates on home equity lines unlikely to rival those of mortgage, says Dr. Don. (Mon, 22 Oct 2007 10:00:00 GMT)

Tax moves may ease mortgage crunch
If you read the newspapers, it looks like all hell is about to break loose when so many mortgages reset at higher interest rates this month. A recent news account cited the couple in Sacramento whose mortgage on a $250,000 house was about to rise from $1,400 a month to about $1,900 when it resets. (Mon, 22 Oct 2007 10:21:03 GMT)

Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen. (Mon, 22 Oct 2007 10:52:55 GMT)

Biggest Mortgage Lenders
A preliminary analysis of third quarter earnings data indicates residential mortgage originations fell 19.19 percent from the second quarter, according to http://www.MortgageDaily.com -- a dominant source of online news for the mortgage industry. (Mon, 22 Oct 2007 11:00:00 GMT)

Regency Mortgage takes SIBFL tilt
STATEN ISLAND, N.Y. -- Paul Quadrato threw TD passes to Nick Florio (35 yards) and Steve Scelvi (25), and Kevin Coughlin added a 10-yard TD run as the Regency Mortgage Cowboys downed the Call It A Wrap Lions 20-0 in a Staten Island Boys' Football League Senior Midget game yesterday. (Mon, 22 Oct 2007 11:17:58 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Mon, 22 Oct 2007 11:21:38 GMT)

Expert: Don Taylor, Ph.D., CFA, CFP
Dear Dr. Don, My home is debt-free. I want to tap my equity at a less than 80 percent loan-to-value ratio (the percentage of the home's price paid for by a mortgage) for home improvements and investments. I also want the proceeds to be tax deductible. (Mon, 22 Oct 2007 11:36:46 GMT)

How Home Equity Can Help You Slash Debt
(ARA) - Escalating personal debt is one of the biggest concerns Americans face when it comes to their financial welfare, studies show. Getting out of debt almost seems to be replacing home ownership as the great American dream. (Mon, 22 Oct 2007 11:37:41 GMT)

Lone Fan Welcomes Tribe Home
One fan was at Cleveland Hopkins Airport to welcome home the Indians after losing Game 7 of the ALCS. (Mon, 22 Oct 2007 12:05:13 GMT)

Refinance Now to Avoid your ARM rate Increase
(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, 22 Oct 2007 12:07:51 GMT)

Ahead of the Bell: Mortgage Finance Down
A Lehman Brothers analyst on Monday lowered his rating on the mortgage and specialty finance sectors, and said he expected stocks to sink further as turmoil in the housing sector continues to paralyze the credit markets. (Mon, 22 Oct 2007 13:07:19 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. (Mon, 22 Oct 2007 13:39:14 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? (Mon, 22 Oct 2007 13:40:15 GMT)

Want a Mortgage? Start by Settling Your Score
(ARA) - Anyone who's been denied credit may feel the old adage "you can't fight city hall" should be replaced by a new axiom: "You can't fight the credit system." But not only can you fight, if you're even thinking about applying for a mortgage in the future, you almost certainly need to. (Mon, 22 Oct 2007 13:40:25 GMT)

Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen. (Mon, 22 Oct 2007 14:38:11 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, 22 Oct 2007 14:38:22 GMT)

Learning How Not To Mortgage the Future
No one much likes mortgage-backed securities or collateralized debt obligations at the moment. Some pundits even ponder whether they'll spell the doom of the entire modern capitalistic economic system. (Mon, 22 Oct 2007 14:52:53 GMT)

Dailly extends Saints loan spell
Southampton extend the loan signing of defender Christian Dailly from West Ham for a second month. (Mon, 22 Oct 2007 15:58:39 GMT)

Mass. single-family home sales fall in September
Single-family home sales in Massachusetts continued their tumble in September, falling 18.7 percent from a year ago, according to a report from The Warren Group. (Mon, 22 Oct 2007 16:06:45 GMT)

Home Sales Post Double-Digit Decline
Two new reports show a sharp drop in home sales in Massachusetts in September. (Mon, 22 Oct 2007 16:15:31 GMT)

Luminent Mortgage CFO not following company to Phila.
Real estate financial trust Luminent Mortgage Capital said Monday that its chief financial officer, Christopher J. Zyda, resigned because the company is moving its headquarters from San Francisco to Philadelphia, effective Dec. 31. (LUM) (Mon, 22 Oct 2007 16:44:56 GMT)

Home Child Care Providers Vote To Unionize In Maine
Nearly 2,200 home child care providers in Maine take the first step toward joining a union. (Mon, 22 Oct 2007 16:52:06 GMT)

Lawmakers weigh mortgage overhaul
The legislation aims to embrace 'common sense principles' that will eliminate the industry's predatory lending. Responding to chaos in the mortgage industry, U.S. lawmakers will soon consider a range of long-term measures designed to clamp down on abuses and require that lenders make loans that borrowers can afford to repay. (Mon, 22 Oct 2007 17:00:46 GMT)

Tanya Tucker's Home Threatened By Wildfires
A country music star's home is one of those being evacuated in Malibu, Calif., where wildfires are burning intensely. (Mon, 22 Oct 2007 17:20:35 GMT)

Centre County: Police Investigate Home Invasion
A couple wakes up in the middle of the night and finds a masked man in their home. (Mon, 22 Oct 2007 17:25:27 GMT)

Frank Introduces Mortgage Legislation
A leading House Democrat took on the banking industry Monday with a bill to restrict lending practices partly blamed for the nationwide surge in mortgage defaults and foreclosures. (Mon, 22 Oct 2007 17:33:49 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, 22 Oct 2007 17:36:36 GMT)

BB&T Co's residential mortgage servicer rating upgraded to 'RPS3+' - Fitch
MUMBAI (Thomson Financial) - Fitch Ratings said it has upgraded the primary servicer rating for prime product of Branch Banking and Trust Co's residential mortgage primary servicer to 'RPS3+' from 'RPS3'. (Mon, 22 Oct 2007 17:42:25 GMT)

RBS to arrange Cheyne Finance refinancing
Royal Bank of Scotland is set to arrange the refinancing of Cheyne Finance, the structured investment vehicle that stopped making payments on its debt last week, the fund's receivers Deloitte & Touche said on Monday. (Mon, 22 Oct 2007 17:51:00 GMT)

RBS to arrange Cheyne Finance refinancing
Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters. (Mon, 22 Oct 2007 18:20:16 GMT)

State To Regulate Home Inspection Industry
Due to a huge number of complaints by homeowners, state officials are making sure homebuyers get what they paid for by regulating the home inspection industry. (Mon, 22 Oct 2007 19:09:59 GMT)

Fund to encourage renovation mortgage
NEW ORLEANS (AP) -- A $4.5 million home renovation reserve fund, designed to help spur renovation mortgage activity in part of New Orleans and Lake Charles, is being established, it was announced Monday. (Mon, 22 Oct 2007 19:22:04 GMT)

Sector Snap: Mortgage Finance
A Lehman Brothers analyst downgraded a battery of mortgage lenders and insurers on Monday, saying the struggling housing market will indefinitely make business difficult for companies exposed to people missing payments on home loans. (Mon, 22 Oct 2007 19:25:29 GMT)

Representatives Introduce Mortgage Reform Act
(RTTNews) - On Monday, Reps. Brad Miller (D-NC), Mel Watt (D-NC) and Barney Frank (D-MA) introduced a mortgage reform act into the US House of Representatives, according to a joint press statement issued by the House Financial Services Commitee. (Mon, 22 Oct 2007 20:27:00 GMT)

Mortgage slide may last through 2009
BOSTON -- The nation's more than $2 trillion home mortgage business won't halt its current slide anytime soon, with mortgage originations expected to fall 18 percent next year and decline another 6 percent in 2009, the Mortgage Bankers Association predicts. (Mon, 22 Oct 2007 20:37:26 GMT)

Give me a break: loan 'flexibility' gets a lift
WASHINGTON (MarketWatch) -- If you're a borrower holding a subprime-mortgage loan that's about to readjust to a higher interest rate, chances are you're wondering what options you have to get out of trouble and save your home and your money at the same time. (Mon, 22 Oct 2007 21:06:47 GMT)

Sector Roundup: Mortgage Finance, Pharma
A Lehman Brothers analyst downgraded a battery of mortgage lenders and insurers on Monday, saying the struggling housing market will indefinitely make business difficult for companies exposed to people missing payments on home loans. (Mon, 22 Oct 2007 21:52:47 GMT)

Shields' lawyer blames con man as mortgage fraud trial opens
Lawyers opened the mortgage fraud trial of former Jackson County Executive Katheryn Shields today by painting contrasting portraits of the remaining defendants in the case. (Mon, 22 Oct 2007 22:24:54 GMT)

Bill would set minimum standards for home-loan underwriting
Hoping to prevent a future bout of risky mortgage lending, House Financial Services Chairman Barney Frank (D-Mass.) unveiled legislation on Monday to institute basic underwriting standards for all home loans. (Mon, 22 Oct 2007 23:14:37 GMT)

Nevada lawmakers focus on mortgage crisis
CARSON CITY, Nev. (AP) - Reacting to a mortgage lending crisis, state lawmakers moved Monday to set up an 800 phone line and develop plans for other initiatives to help consumers and end Nevada's status as the national leader in foreclosures. (Mon, 22 Oct 2007 23:48:40 GMT)

‘General’ returns on loan to Korea
SEOUL — Officials from the South Korean navy and the Korean Cultural Heritage Administration officially welcomed home the “General” on Monday after 136 years on foreign soil. (Mon, 22 Oct 2007 23:59:47 GMT)

Bill seeks to curb abusive mortgage lending
A leading House Democrat took on the banking industry Monday with a bill to restrict lending practices partly blamed for the nationwide surge in mortgage defaults and foreclosures. (Tue, 23 Oct 2007 00:36:11 GMT)

FHA Home Down-Payment Assistance To End
For people in the market for a home loan, there may be some bad news coming soon. Video (Tue, 23 Oct 2007 01:05:25 GMT)

Use the Australian Mortgage Broker Survey 2007 to Understand Brokers Thoughts on Various Mortgage Issues and Challenges
Research and Markets (http://www.researchandmarkets.com/reports/c72260) has announced the addition of "The Australian Mortgage Broker Survey 2007: Market Review" to their offering. (Tue, 23 Oct 2007 02:00:00 GMT)

Use the Australian Mortgage Broker Survey 2007 to Understand Brokers Thoughts on Various Mortgage Issues and Challenges
DUBLIN, Ireland----Research and Markets has announced the addition of "The Australian Mortgage Broker Survey 2007: Market Review" to their offering. (Tue, 23 Oct 2007 02:00:00 GMT)

Mistakes to avoid when getting a loan
Deciding to buy a home probably is the most significant financial decision you ever will make. (Tue, 23 Oct 2007 02:11:38 GMT)

Bill Would Tighten Mortgage Standards
Barney Frank, chairman of the House Financial Services Committee, yesterday unveiled legislation aimed at curbing abusive lending practices that, he said, have fueled an alarming rise in foreclosures. (Tue, 23 Oct 2007 02:31:58 GMT)

Japan Stocks Rise, Led by Banks, as U.S. Mortgage Concerns Ease
Oct. 23 (Bloomberg) -- Japanese stocks advanced, led by lenders, after China's Citic Securities Co. agreed to buy a stake in Bear Stearns Cos., shoring up confidence in financial institutions hurt by the U.S. mortgage crisis. (Tue, 23 Oct 2007 03:24:30 GMT)

Farm Home school clears one hurdle
A local historic property in the midst of renovation is one step closer to national recognition. The Children’s Farm Home School on Highway 20 northeast of Corvallis has been empty and crumbling for around 20 years. (Tue, 23 Oct 2007 03:47:16 GMT)

Dumped Mortgage Files Invite Identity Theft
As the housing downturn forces mortgage-related firms to close branches, loan files containing Social Security numbers and credit reports are turning up in places like Dumpsters that are easily accessed by scam artists. (Tue, 23 Oct 2007 03:52:03 GMT)

Ask the Biz Brain
My home is debt- free. I want to tap my equity at a less than 80 percent loan-to-value ratio (the percentage of the home's price paid for by a mortgage) for home improvements and investments. I also want the proceeds to be tax deductible. (Tue, 23 Oct 2007 05:39:32 GMT)

Sub-prime loan mess just greed
Back when I was buying a home, my Realtor said the rule of thumb for monthly payments was 1 percent of your loan, plus property taxes. (Tue, 23 Oct 2007 05:51:50 GMT)

New bills restrict mortgage abuse
WASHINGTON -- Responding to chaos in the mortgage industry, U.S. lawmakers soon will consider a range of long-term measures designed to clamp down on abuses and require that lenders make loans that borrowers can afford to repay. (Tue, 23 Oct 2007 05:52:02 GMT)

Mortgage proposal gets chilly response
— Gov. Ted Strickland got a polite, but chilly response Monday to his request that subprime lenders voluntarily enter into compacts with the state to keep more Ohioans from becoming part of the continuing mortgage foreclosure crisis. (Tue, 23 Oct 2007 06:03:10 GMT)

Criticism rains down on mortgage industry
A public outcry against the mortgage industry is growing louder. Lawmakers, regulators and consumer advocates say they are increasingly worried about the fallout from a record number of homes going into foreclosure. They're pushing the industry to move faster to aid homeowners, by forgiving past-due amounts, lowering rates and shifting people into fixed-rate loans. (Tue, 23 Oct 2007 06:31:00 GMT)

Public investment pool stung by mortgage woes
Fallout from the nationwide mortgage-market meltdown has KO'd two small investments in the King County Investment Pool, but the county's... (Tue, 23 Oct 2007 07:18:52 GMT)

Japan Stocks Rise, Led by Banks, as U.S. Mortgage Concerns Ease
Oct. 23 (Bloomberg) -- Japanese stocks advanced, led by lenders, after China's Citic Securities Co. agreed to buy a stake in Bear Stearns Cos., shoring up confidence in financial institutions hurt by the U.S. mortgage crisis. (Tue, 23 Oct 2007 07:24:31 GMT)

Lawmakers weigh home loan reform
Responding to chaos in the mortgage industry, U.S. lawmakers soon will consider a range of long-term measures designed to clamp down on abuses and require that lenders make loans that borrowers can afford to repay. (Tue, 23 Oct 2007 07:24:44 GMT)

If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Tue, 23 Oct 2007 08:16:54 GMT)

House bill aims to curb mortgage abuses
Washington- A leading House Democrat took on the banking industry Monday with a bill to restrict lending practices partly blamed for the nationwide surge in mortgage defaults and foreclosures. (Tue, 23 Oct 2007 08:39:59 GMT)

Bill allowing mortgage lawsuits expected to stir fierce opposition
The legislation addresses some of the problems tied to the transformation of the mortgage lending industry from an often local business into a trillion-dollar global market for investors in search of higher returns. (Tue, 23 Oct 2007 10:06:01 GMT)

Countrywide to refinance $16B in loans to avoid reset shock
Countrywide Financial, the nation's largest mortgage lender, announced a program Tuesday to refinance or modify up to $16 billion of its loans due to reset at higher payments through the end of next year. (Tue, 23 Oct 2007 10:09:00 GMT)

Countrywide to offer refinancing to subprime borrowers
LONDON (MarketWatch) -- Countrywide Financial, the top mortgage lender in the U.S., said Tuesday it's going to give borrowers of subprime loans the chance to refinance to avoid losing their homes. (Tue, 23 Oct 2007 10:21:09 GMT)

Countrywide to modify $16B in loans
Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. (Tue, 23 Oct 2007 11:12:30 GMT)

Countrywide to Refinance Up to $16 Billion of Loans (Update1)
Oct. 23 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, plans to refinance or restructure as much as $16 billion of debt for home buyers facing higher payments on adjustable-rate mortgages before the end of 2008. (Tue, 23 Oct 2007 11:21:44 GMT)

Countrywide to modify $16B in loans
CALABASAS, Calif. (AP) - Countrywide Financial Corp. ( Nachrichten ), the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. (Tue, 23 Oct 2007 11:38:32 GMT)

Countrywide launches program to refinance or modify adjustable-rate mortgages
Associated Press - October 23, 2007 7:43 AM ET CALABASAS, Calif. (AP) - The nation's largest mortgage lender will begin offering refinancing or modifications on $16 billion in loans whose... (Tue, 23 Oct 2007 11:48:12 GMT)

Countrywide launches program to refinance or modify adjustable-rate mortgages
CALABASAS, Calif. (AP) - The nation's largest mortgage lender will begin offering refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. (Tue, 23 Oct 2007 11:48:45 GMT)

Countrywide launches program to refinance or modify adjustable-rate mortgages
Associated Press - October 23, 2007 7:43 AM ET CALABASAS, Calif. (AP) - The nation's largest mortgage lender will begin offering refinancing or modifications on $16 billion in loans whose... (Tue, 23 Oct 2007 11:57:00 GMT)

Mortgage Giant Will Refinance Loans
Countrywide will refinance or modify $16 billion in adjustable-rate mortgages. (Tue, 23 Oct 2007 12:02:34 GMT)

Countrywide launches program to help home owners refinance
Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Countrywide has been under fire since early July — it has had difficulties with loan financing, its chief executive has been criticized for selling hundreds of ... (Tue, 23 Oct 2007 12:11:05 GMT)

Countrywide to offer refinancing on subprime loans
LONDON (MarketWatch) -- Countrywide Financial , the top mortgage lender in the U.S., said Tuesday it will give borrowers with subprime loans the chance to refinance to avoid losing their homes. See full story. (Tue, 23 Oct 2007 12:51:07 GMT)

Countrywide to offer refinancing to subprime borrowers
Countrywide to offer refinancing to subprime borrowers (Tue, 23 Oct 2007 13:03:42 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, 23 Oct 2007 13:55:34 GMT)

Countrywide to Refinance Up to $16 Billion of Loans (Update2)
Oct. 23 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, plans to refinance or restructure as much as $16 billion of debt for home buyers facing higher payments on adjustable-rate mortgages before the end of 2008. (Tue, 23 Oct 2007 14:06:03 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, 23 Oct 2007 14:07:51 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? (Tue, 23 Oct 2007 14:08:52 GMT)

BREAKING NEWS: Mortgage lender offers new hope to homeowners
CALABASAS, Calif. -- Countrywide Financial Corp., the nation's largest mortgage lender, said today it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. (Tue, 23 Oct 2007 14:39:41 GMT)

Home Destroyed In Fire On City's East Side
A home is destroyed in a fire on the city's east side. (Tue, 23 Oct 2007 14:44:55 GMT)

US mortgage giant Countrywide to renegotiate thousands of loans
US mortgage giant Countrywide Financial said Tuesday it was offering new terms to help stave off foreclosure for tens of thousands of customers, with loans totalling around 16 billion dollars. (Tue, 23 Oct 2007 15:22:03 GMT)

Countrywide to modify $16B in loans
Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Its shares fell more than 4 percent. (Tue, 23 Oct 2007 15:24:57 GMT)

Countrywide to Refinance Up to $16 Billion of Loans (Update4)
Oct. 23 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, may change terms on $16 billion of adjustable-rate mortgages before the end of 2008 so borrowers won't lose their homes to foreclosure. (Tue, 23 Oct 2007 15:28:17 GMT)

Countrywide announces $16B refinancing program
In the wake of the credit crunch and troubles with the subprime mortgage market, Countrywide Financial Corp. will refinance or restructure $16 billion in mortgages as part of a "home preservation program" aimed at keeping at-risk homeowners in their homes. (Tue, 23 Oct 2007 15:40:17 GMT)

Developers expected to plead guilty in mortgage fraud case
A longtime home builder, his wife and son-in-law are preparing to plead guilty for their roles in an alleged mortgage fraud scheme that (Tue, 23 Oct 2007 16:42:27 GMT)

US mortgage giant offers customers a lifeline as foreclosures spike
America's biggest mortgage lender, Countrywide Financial, sought to throw a lifeline to tens of thousands of stretched borrowers Tuesday as home foreclosures spike across the country. (Tue, 23 Oct 2007 16:43:20 GMT)

American News
The Tractor Boys are located near the England midfielder's home in England, but Lalas has previously stated that any and all loan enquiries. "Manager Jim Magilton was asked by the media two months ago if he would welcome Beckham to the club," the club rep told BBC. (Tue, 23 Oct 2007 17:27:46 GMT)

Aussie mortgage rates jump
MORTGAGE interest rates in Australia will rocket to 8.55 per cent next year - the highest since 2000 - according to major property forecasters. (Tue, 23 Oct 2007 18:00:00 GMT)

Countrywide launches program to refinance mortgages
Countrywide Financial Corp., the nation's largest mortgage lender, said today it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Its shares fell more than 4 percent. (Tue, 23 Oct 2007 18:18:48 GMT)

Countrywide Financial launches a $16 billion refinancing plan
BOSTON (Thomson Financial) - Countrywide Financial Corp. ( Nachrichten ) shares fell Tuesday after the company said that it launched a $16 billion program offering borrowers the option to refinance or modify loans facing adjustable-rate mortgage resets. (Tue, 23 Oct 2007 18:22:54 GMT)

Home Burglary Ends In Pursuit, Arrests
A home burglary ends in a police pursuit and three arrests. (Tue, 23 Oct 2007 18:37:20 GMT)

Countrywide offers 'home preservation' deal
In the wake of the credit crunch and troubles with the subprime mortgage market, Countrywide Financial Corp. will refinance or restructure $16 billion in mortgages as part of a "home preservation program" aimed at keeping at-risk homeowners in their homes. (CFC) (Tue, 23 Oct 2007 19:41:02 GMT)

Countrywide to offer mortgage relief plans
Countrywide Financial, the nation's largest mortgage lender, said today it will begin calling borrowers to offer refinancing or modifications... (Tue, 23 Oct 2007 20:07:43 GMT)

Countrywide to Refinance Up to $16 Billion of Loans (Update6)
Oct. 23 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, will make it easier for customers to keep their homes by changing the terms on $16 billion of adjustable-rate mortgages. (Tue, 23 Oct 2007 20:12:26 GMT)

UMB Financial's 3rd-Quarter Profit Jumps 35 Percent on Loan Growth, Fee Income
KANSAS CITY, Mo. (AP) - UMB Financial Corp.'s profit leaped 35 percent in the third quarter as the bank managed to expand its loan portfolio without assuming too much risk, the company said Tuesday. (Tue, 23 Oct 2007 20:40:46 GMT)

US mortgage giant offers plan to avert some foreclosures
America's biggest mortgage lender, Countrywide Financial, sought to throw a lifeline to tens of thousands of stretched borrowers Tuesday as home foreclosures spike across the country. (Tue, 23 Oct 2007 20:42:30 GMT)

Ross Can Buy American Home Service Unit, Judge Says (Update2)
Oct. 23 (Bloomberg) -- Wilbur L. Ross Jr., who became a billionaire by investing in failed steel and textile companies, won approval to buy the loan-servicing unit of bankrupt American Home Mortgage Investment Corp. for as much as $500 million. (Tue, 23 Oct 2007 20:50:43 GMT)

'Marketplace' Report: Mortgage Relief
The nation's biggest mortgage lender, Countrywide Financial, will modify or refinance $16 billion in loans to homeowners facing higher adjustable interest rates. Also, Capitol Hill may allow homeowners with risky loans to sue Wall Street companies and lenders for relief. (Tue, 23 Oct 2007 21:37:15 GMT)

Mortgage lenders catching heat all around
The U.S. mortgage lending industry has come under fire from credit counselors, regulators and lawmakers, all seeking to help at-risk borrowers. (Tue, 23 Oct 2007 23:41:36 GMT)

US mortgage lender offers to refinance loans
Countrywide Financial, the largest US mortgage lender, offered to refinance or modify up to $US16 billion ($NZ21 billion) of adjustable-rate mortgages through the end of 2008 to help about 82,000 borrowers who face higher payments stay in their homes. (Wed, 24 Oct 2007 00:11:13 GMT)

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