Mortgage News Oct 2007
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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, 28 Oct 2007 10:38:22 GMT)
Asteco - new mortgage scheme to the Qatar market
International Property Services firm Asteco is set to offer buyers of new danat Qatar apartments on the Pearl development, a prestigious new address, with a new innovative mortgage scheme provided by Commercial Bank. (Sun, 28 Oct 2007 10:49:27 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, 28 Oct 2007 10:51:46 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, 28 Oct 2007 10:53:55 GMT)
FHA loans are viable option for home buyers
Buyers who have good credit, income and a small down payment still can buy a home, townhome or condo by using an FHA loan. (Sun, 28 Oct 2007 11:08:01 GMT)
How to stay on top of rising loan repayments
With seven interest rate increases over the past 16 months, you may well be finding that your budget is struggling to accommodate your loan repayments. (Sun, 28 Oct 2007 11:09:15 GMT)
New mortgage scheme to the Qatar Market
Doha, 28 th October 2007: International Property Services firm Asteco Asteco is set to offer buyers of new danat Qatar apartments on the Pearl development, a prestigious new address, with a new innovative mortgage scheme provided by Commercial Bank. (Sun, 28 Oct 2007 11:31:24 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. (Sun, 28 Oct 2007 11:53:01 GMT)
Adjustable mortgage rates drive some to bankruptcy
Editor's note: This is one in an occasional series of stories about the local housing market and what's happening to residents as they grapple with rising interest rates, tightening credit, falling home prices and other economic issues. (Sun, 28 Oct 2007 12:01:59 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, 28 Oct 2007 12:07:51 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, 28 Oct 2007 12:08:21 GMT)
Jackson to 'lose Neverland' if loan isn't repaid
Pop superstar Michael Jackson has 90 days to pay back a GBP11.5 million loan plus interest or he faces losing property including his Neverland Ranch in California, according to legal papers. (Sun, 28 Oct 2007 12:35:02 GMT)
Insurance may boost your mortgage payment
When you're calculating how much your monthly payment will be on your new home, here's another number you may have to include: mortgage insurance. (Sun, 28 Oct 2007 13:32:58 GMT)
Countrywide will offer refinancing on loans
LOS ANGELES -- 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 with interest rates set to adjust by the end of 2008. (Sun, 28 Oct 2007 14:22:20 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, 28 Oct 2007 16:06:37 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, 28 Oct 2007 16:37:46 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, 28 Oct 2007 16:37:52 GMT)
Stressed US borrowers use plastic to delay default
This may be Johari Reeves' last chance to catch up on her mortgage payments. The credit cards, she'll worry about later. (Sun, 28 Oct 2007 17:56:06 GMT)
Mortgage foreclosures hitting Connecticut cities hard
Bridgeport (AP, Oct. 28, 2007 3:48 PM) _ The nation's subprime mortgage crisis has led to skyrocketing foreclosure rates in Connecticut's cities over the past year. (Sun, 28 Oct 2007 20:02:57 GMT)
Mortgage foreclosures hitting Connecticut cities hard
BRIDGEPORT, Conn. -- Mortgage defaults and foreclosures in Connecticut's cities have skyrocketed over the past year as homeowners buckle under the weight of rising costs associated with subprime and predatory loans, a real estate tracking company has found. (Sun, 28 Oct 2007 20:11:34 GMT)
Report: Mortgage Foreclosures Skyrocket In Conn. Cities
Mortgage defaults and foreclosures in Connecticut's cities have skyrocketed over the past year, a real estate tracking company has found. (Sun, 28 Oct 2007 20:21:57 GMT)
Mortgage foreclosures hitting Connecticut cities hard
Mortgage defaults and foreclosures in Connecticut's cities have skyrocketed over the past year as homeowners buckle under the weight of rising costs associated with subprime and predatory loans, a real estate tracking company has found. (Sun, 28 Oct 2007 21:06:31 GMT)
Jackson To Lose Neverland If Loan Isn't Repaid
Jackson To Lose Neverland If Loan Isn't Repaid (Mon, 29 Oct 2007 00:00:18 GMT)
Charles H. Green: The Subprime Mortgage Mess: Viewed From a 12-Year Rear View Mirror
Securitization made mortgage lending a national, even global, market. It made more money available, at lower rates, with greater accessibility. It did what it set out to do. (Mon, 29 Oct 2007 01:33:40 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, 29 Oct 2007 01:51:48 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. (Mon, 29 Oct 2007 01:51:55 GMT)
No empathy for USA's rash home buyers
No empathy for USA's rash home buyers Glenn A. Kremer - Plymouth, Mich. I do not support the refinancing of adjustable-rate mortgages for the thousands of borrowers who face foreclosure ("Criticism rains down on mortgage industry," Cover story, Money, Tuesday). (Mon, 29 Oct 2007 04:08:00 GMT)
A NZ first for Christchurch home loan provider
Christchurch based independent mortgage lender, Moorhouse Mortgages, has received a Fatwa, (an Islamic religious ruling) from FIANZ (The Federation of Islamic Associations of New Zealand Inc) that its Manzil Islamic Home Ownership Package is Halal, or approved and in accordance with Islamic religious principles. (Mon, 29 Oct 2007 04:14:04 GMT)
Lawmakers, regulators confront limited ability to help homeowners, mortgage market in trouble
WASHINGTON - If you want to see a Democratic or Republican congressman squirm, mention a multibillion-dollar bailout for the housing market crisis. The apparent discomfort contrasts with reality: Most risky home loans made near the end of the housing boom can't be salvaged. (Mon, 29 Oct 2007 05:00:39 GMT)
Banks take steps to prepare for more home-loan losses
As the nation's housing sales fall to historic lows, banks are becoming punching bags. (Mon, 29 Oct 2007 05:11:00 GMT)
Lenders pressured to help homeowners
LOS ANGELES — Countrywide Financial Corp., the nation’s largest mortgage lender, said last week it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008. (Mon, 29 Oct 2007 05:17:08 GMT)
Burns: New mortgage magic is merely sleight of hand
A new kind of mortgage can, as if by magic, make a 30-year mortgage disappear in half the time. That's what readers are telling me, just before asking if it is "too good to be true." (Mon, 29 Oct 2007 05:49:08 GMT)
Possible mortgage reforms raise eyebrows
Proposed legislation to reform the mortgage industry is receiving mixed reviews. (Mon, 29 Oct 2007 05:57:38 GMT)
Lenders banking on home refinancing pitches
Despite the mortgage meltdown, the blizzard of loan advertising continues. Now firms are targeting those with good credit and plenty of equity. "Congratulations!" Irvine mortgage brokerage Sunwest Lending Group wrote in a recent mailing to a Sherman Oaks homeowner. (Mon, 29 Oct 2007 07:18:24 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. (Mon, 29 Oct 2007 08:17:18 GMT)
Colleges ponder role in loan counseling
As students pile up ever-increasing education loan tabs, some colleges and universities are starting to question whether they should be counseling these young borrowers -- before they end up with debt that will take them decades to work off. (Mon, 29 Oct 2007 08:49:54 GMT)
A family's 15-year journey to get a home of their own
It took Albert Wiggins 15 years of doing without extras and part-time work as a deejay to save enough money for a down payment on a home in the Edgemere section of the Rockaways. (Mon, 29 Oct 2007 08:50:07 GMT)
Who gets your mortgage payments?
Just because you get a loan from a big-name bank doesn't mean that's who you're paying after you close on your house.The secondary mortgage market is a world all its own, experts say, with investors seeking higher yields buying mortgages from banks and savings and loan associations. (Mon, 29 Oct 2007 09:10:35 GMT)
Mortgage approvals at two-year low
Mortgage approvals fell to a two-year low in September but unsecured lending rose by its biggest amount since the start of last year, official data showed on Monday. (Mon, 29 Oct 2007 09:54:00 GMT)
Sept mortgage approvals at two-year low
LONDON (Reuters) - The number of mortgage approvals fell to a two-year low in September but unsecured lending rose by its biggest amount since the start of last year, official data showed on Monday. (Mon, 29 Oct 2007 10:00:12 GMT)
Another bad week for mortgage industry
In all phases of the mortgage industry last week, from the people who make the loans to the people who insure them, the news was bad -- and most of them expect it to get worse. Things have gotten so tough, title insurer Stewart Information Services Corp. said it could not cut costs fast enough in August and September to keep up with the plummeting market. The company has already made ... (Mon, 29 Oct 2007 10:12:50 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, 29 Oct 2007 11:23:20 GMT)
Insurance may boost your mortgage payment
When you're calculating how much your monthly payment will be on your new home, here's another number you may have to include: mortgage insurance. (Mon, 29 Oct 2007 11:37:19 GMT)
Mortgage approvals slip, lending strengthens
LONDON (SHARECAST) - UK mortgage approvals dropped to their lowest in two years during September, although lending came in well ahead of expectations, according to official figures released today. (Mon, 29 Oct 2007 11:37:58 GMT)
Mortgage approvals at two-year low
UK mortgage approvals fell in September to the lowest level in two years as the housing market cooled, but household borrowing rose more than expected, official data showed on Monday. (Mon, 29 Oct 2007 11:40:18 GMT)
U.K. Mortgage Lending Grows In September
(RTTNews) - U.K.'s net mortgage lending increased 9.8 billion pounds in September, the Bank of England, or BoE, said Monday. (Mon, 29 Oct 2007 11:41:39 GMT)
Mortgage Foreclosures Skyrocket In Connecticut
Bridgeport (AP) — Mortgage defaults and foreclosures in Connecticut's cities have skyrocketed over the past year as homeowners buckle under the weight of rising costs associated with subprime and predatory loans, a real estate tracking company has found. (Mon, 29 Oct 2007 11:48:57 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, 29 Oct 2007 12:06:56 GMT)
Mortgage approvals at two-year low
Tougher loan conditions are beginning to impact the housing market, reports showed on Monday, with mortgage approvals at their lowest level for two years, and lenders saying prices will be almost flat in 2008. (Mon, 29 Oct 2007 12:48:00 GMT)
If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now
(ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous. (Mon, 29 Oct 2007 14:40:36 GMT)
Mortgage insurance market picks up pace
Canadian home buyers look poised to reap the rewards as U.S.-based mortgage insurance companies bid for a foothold in the hot domestic housing market. (Mon, 29 Oct 2007 15:06:00 GMT)
Mortgage approvals 20% down
Business & money: The number of new mortgage approvals fell to its lowest level in over two years in September. (Mon, 29 Oct 2007 15:07:53 GMT)
Portsmouth winger signs on loan
Neil Warnock has completed his first signing as Palace manager, securing the services of Portsmouth winger Franck Songo'o on loan for the next month. (Mon, 29 Oct 2007 15:17:15 GMT)
The Shaky Mortgage Safeguard
How would you pay your mortgage if you fell ill or lost your job? (Mon, 29 Oct 2007 16:32:13 GMT)
Cover for home loan
In case of insurance for housing loans, it provides cover for repayment of housing loan to the bank in case of unfortunate demise of the borrower. The loan amounts involved in case of housing loans are quite high and the tenures pretty long. (Mon, 29 Oct 2007 17:08:08 GMT)
Mortgage fraud trial again focuses on Shields' co-defendants
The mortgage fraud trial of Katheryn Shields continued into its second week today with scant testimony so far about the former Jackson County executive. (Mon, 29 Oct 2007 17:10:04 GMT)
Home Loan U Offers Free Refinancing Tips
(ARA) - As the drum beat of news continues about the credit crunch in the mortgage market, millions of homeowners are worried about their adjustable-rate mortgages that will adjust to higher interest rates, leaving many struggling to make their payment. (Mon, 29 Oct 2007 18:08:32 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, 29 Oct 2007 18:08:52 GMT)
Teague gets jail time for mortgage fraud
An Atlanta man is headed to federal prison for his role in two builder-based mortgage fraud schemes that bilked lenders out of $15 million. (Mon, 29 Oct 2007 18:55:33 GMT)
Judge delays KC home builder's trial
The trial of F. Jeffrey Miller, a Kansas City-area home builder accused of conspiracy and bank fraud, will not begin Tuesday. (Mon, 29 Oct 2007 19:22:05 GMT)
Pa. Governor Touts Mortgage-Aid Programs
Gov. Ed Rendell on Monday gave a big push to two state programs designed to give relief to homeowners victimized by predatory lending or facing unaffordable increases in their mortgage payments. (Mon, 29 Oct 2007 19:58:36 GMT)
Gov. Rendell touts 2 mortgage-aid programs
PHILADELPHIA (AP) - Governor Ed Rendell has given a big push to two state programs designed to give relief to the mortgage crisis. (Mon, 29 Oct 2007 20:30:54 GMT)
UBS' Mortgage Oops
The Swiss bank expects further writedowns from mortgage-backed securities. (Mon, 29 Oct 2007 21:27:06 GMT)
Row as McCanns use £1million Madeleine fund to pay their mortgage
Kate and Gerry McCann have used the £1million Find Madeleine fund to pay their mortgage, it was revealed yesterday. (Mon, 29 Oct 2007 22:56:07 GMT)
Countrywide shares fall on eve of financial report
LOS ANGELES - Shares of struggling mortgage lender Countrywide Financial Corp. fell more than 5 percent Thursday amid investor uncertainty over the company's upcoming third-quarter financial results. (Mon, 29 Oct 2007 23:06:27 GMT)
Magic in finance, part 1: the magic of a tricky mortgage
A new kind of mortgage can, as if by magic, make a 30-year mortgage disappear in half the time. That’s what readers are telling me, just before asking if it is “too good to be true.” (Mon, 29 Oct 2007 23:55:17 GMT)
Mozilo, KB Home chief offer bleak forecast
Mortgage, home building executives say housing market faces tougher times and call on Congress to boost lending. (Tue, 30 Oct 2007 00:56:54 GMT)
Maddie cash used for mortgage
KATE and Gerry McCann have used the $2.2 million Find Madeleine fund set up to help locate their daughter to pay off their mortgage, it has been revealed. (Tue, 30 Oct 2007 01:06:00 GMT)
Students often overlook federal loans that are great deals
In the Land of Oz, there are good witches and bad witches. Likewise, in the land of borrowing, there's good debt and bad debt. A home mortgage? Good debt, because the interest is tax-deductible, your home will likely rise in value over time, and you'll have a roof over your head. A credit card loan to buy a pair of designer sandals? Bad debt. (Tue, 30 Oct 2007 01:06:14 GMT)
McCanns 'used Madeleine fund to pay their mortgage'
CASH from the fund created to help find the missing youngster Madeleine McCann has been used to pay the family's mortgage, it was claimed last night. (Tue, 30 Oct 2007 01:39:15 GMT)
Maddie fund 'paid off mortgage'
KATE and Gerry McCann have reportedly used the $2.2 million Find Madeleine fund set up to help locate their daughter to pay off their mortgage. (Tue, 30 Oct 2007 02:15:00 GMT)
Maddie fund pays mortgage
KATE and Gerry McCann have used the $2.2 million Find Madeleine fund set up to help locate their daughter to pay off their mortgage, it has been revealed. (Tue, 30 Oct 2007 03:01:00 GMT)
Find Maddie fund 'paid mortgage'
KATE and Gerry McCann have reportedly used the $2.2 million Find Madeleine fund - set up to help locate their missing daughter - to pay off their mortgage. (Tue, 30 Oct 2007 03:10:00 GMT)
Ex-Bears Player Defaulted On Mortgage
CHICAGO -- A North Shore bank has filed a complaint for foreclosure of mortgage against former Chicago Bears player Todd Sauerbrun. (Tue, 30 Oct 2007 04:08:40 GMT)
Rendell touts 2 mortgage-aid programs
Gov. Ed Rendell Monday gave a big push to two state programs designed to give relief to homeowners victimized by predatory lending or facing unaffordable increases in their mortgage payments.Rendell said the subprime mortgage crisis has reached into Pennsylvania homes.The state prog... (Tue, 30 Oct 2007 04:14:57 GMT)
Home loan approvals in Britain at two-year low as market cools
LONDON: Tougher loan conditions are beginning to impact Britain’s housing market, reports showed yesterday, with mortgage approvals at their lowest level for two years, and lenders saying prices will be almost flat in 2008. (Tue, 30 Oct 2007 05:45:36 GMT)
CEOs see falling home prices and mounting foreclosures
The chief executives of a major home builder and the country's leading mortgage lender offered bleak assessments Monday of their industries and the economy, saying falling home prices would force more homeowners into foreclosure. (Tue, 30 Oct 2007 07:20:30 GMT)
2 loan plans in play for Pa. homeowners
If the subprime-loan crisis is a tidal wave breaking across the commonwealth, then the programs announced by Gov. Rendell yesterday are just a narrow stretch of beach. (Tue, 30 Oct 2007 07:29:42 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, 30 Oct 2007 08:16:01 GMT)
Adjustable-rate mortgage? Here comes the junk mail
Obnoxious refinance junk mail has long been a reality of homeownership. The fliers land in your mailbox, sometimes several a week. They chide, they beckon, they entice. (Tue, 30 Oct 2007 08:31:30 GMT)
McCann mortgage fund fury
Critics lay into McCanns after they use Madeleine fund to make mortgage payments. (Tue, 30 Oct 2007 09:39:02 GMT)
McCanns used £1m fund to pay mortgage
The parents of Madeleine McCann have used the £1 million fighting fund set up to help find their daughter to pay off part of their mortgage, it has emerged. (Tue, 30 Oct 2007 09:43:54 GMT)
McCanns used fund for mortgage
Madeleine McCann's parents used her "fighting fund" to pay their mortgage, but stopped when they became suspects. (Tue, 30 Oct 2007 09:47:47 GMT)
McCanns used fund for mortgage
The cash donated by the public to aid the hunt for Madeleine McCann was used by her parents for mortgage payments, it was revealed. (Tue, 30 Oct 2007 11:13:23 GMT)
McCanns admit using Madeleine fund to pay mortgage
The parents of missing toddler Madeleine McCann used public money donated to a fund for finding their daughter to pay their mortgage, their spokesman confirmed Tuesday. (Tue, 30 Oct 2007 11:55:46 GMT)
Gov. Rendell Pushes 2 Mortgage-Aid Programs
Pennsylvania Gov. Ed Rendell gave a big push to two programs designed to give relief to homeowners victimized by predatory lending or facing unaffordable increases in their mortgage payments. (Tue, 30 Oct 2007 12:39:38 GMT)
U.S. Tosses Lifeline to Lenders Using Home Loan Banks (Update1)
Oct. 30 (Bloomberg) -- Banks shut out of the market for short-term loans are finding salvation in a government lending program set up to revive housing during the Great Depression. (Tue, 30 Oct 2007 12:51:03 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? (Tue, 30 Oct 2007 13:11:39 GMT)
S&P/Case-Shiller Home Prices Fell 4.4% in August, Index Shows
Oct. 30 (Bloomberg) -- Home prices in 20 U.S. metropolitan areas were down from a year earlier for an eighth straight month in August, a private survey showed today. (Tue, 30 Oct 2007 13:20:50 GMT)
South Bend officers allege mortgage fraud in lawsuit :They say they were conned while trying to supplement their ...
SOUTH BEND -- A local real estate investor and his son, already fighting separate mortgage fraud lawsuits from African immigrants, face a new suit filed by three South Bend police officers and a former officer. (Tue, 30 Oct 2007 13:34:26 GMT)
Madeleine fund paid for mortgage
The parents of Madeleine McCann used money donated to hunt for their missing daughter to make two mortgage payments, it was reported Tuesday. (Tue, 30 Oct 2007 13:35:52 GMT)
RBI comes down on banks for hiking home loan instalments
Reserve Bank on Tuesday came down heavily on banks which took refuge in technicalities of contract to unreasonably jack-up monthly installments of home loans. The matter attracted attention of the apex bank after it received several complaints in this regard. (Tue, 30 Oct 2007 13:45:48 GMT)
RBI comes down on banks for hiking home loan installments
Mumbai, Oct 30 (PTI) Reserve Bank today came down heavily on banks which took refuge in technicalities of contract to unreasonably jack-up monthly installments of home loans. (Tue, 30 Oct 2007 13:47:26 GMT)
Madeleine fund has stopped paying McCann's mortgage
The fund set up to help to find Madeleine McCann has revealed that it stopped paying for her parents’ mortgage after they were made official suspects in her disappearance. (Tue, 30 Oct 2007 13:56:42 GMT)
Home Buying With a Partner
Whether you'd like to team up with a friend, relative or lover, learn the rules for unmarried home buyers. (Tue, 30 Oct 2007 14:29:27 GMT)
S&P/Case-Shiller Home Prices Fell 4.4% in August (Update2)
Oct. 30 (Bloomberg) -- Home prices in 20 U.S. metropolitan areas slumped in August by the most in at least six years, a private survey showed today. (Tue, 30 Oct 2007 14:35:49 GMT)
Senator Meets With Customers Of Bankrupt Mortgage Company
The U.S. Attorney's Office said it is working to negotiate a settlement with the owner of Personal Financial Management Mortgage Company, who went bankrupt last month. (Tue, 30 Oct 2007 15:01:01 GMT)
Pa. starts mortgage aid plans
Pennsylvania homeowners facing foreclosure due to the subprime mortgage crisis or mortgage fraud can turn to two new state programs for help. Gov. Ed Rendell announced Monday that the state has created the programs to assist homeowners who suddenly are facing sharply higher monthly payments bey... (Tue, 30 Oct 2007 15:14:59 GMT)
Rendell touts 2 new mortgage-aid programs
PHILADELPHIA -- Gov. Ed Rendell on Monday gave a big push to two state programs designed to give relief to homeowners victimized by predatory lending or facing unaffordable increases in their mortgage payments. (Tue, 30 Oct 2007 15:37:47 GMT)
Former Detroit cop charged with fraud in mortgage scheme
A fired Detroit police officer was charged today with three felonies on allegations that he forged the signature of Wayne County Clerk Cathy Garrett to paperwork in an attempt to receive a mortgage loan. (Tue, 30 Oct 2007 16:22:56 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, 30 Oct 2007 16:36:36 GMT)
Find Madeleine fund was used to pay mortgage of parents' home
The parents of Madeleine McCann used a fund that was established to help search for the missing girl to make mortgage payments on their home, a family spokesman said Tuesday. (Tue, 30 Oct 2007 16:57:41 GMT)
Parents of missing girl use search fund to pay their mortgage
Remember Madeleine McCann, the little girl who went missing last May in Portugal? Well, her parents were dipping into the fund set up to help pay for the search. BBC News says they paid at least two mortgage bills with... (Tue, 30 Oct 2007 17:02:16 GMT)
GE Real Estate Provides $12.9M Loan for Multifamily Property's Refinancing
Redlands, Calif.--GE Real Estate has provided a $12.9-million loan for the refinancing of an apartment property in Redlands, Calif. The loan was provided to Galaxy Southrbook Holdings LLC. This is the first deal GE Real Estate has completed with Galaxy Southbrook, which is a regional developer. (Tue, 30 Oct 2007 17:06:37 GMT)
Merrill CEO Out After Big Mortgage Loss
The still unfolding mortgage-related credit crisis has claimed its biggest corporate casualty so far: Merrill Lynch CEO Stan O'Neal. (Tue, 30 Oct 2007 18:07:00 GMT)
Fitch Rates $823.9MM Thornburg Mortgage Securities Trust Series 2007-5
NEW YORK----Fitch rates Thornburg Mortgage Securities Trust series 2007-5 residential mortgage pass-through certificates, as follows: (Tue, 30 Oct 2007 20:16:00 GMT)
Sector Glance: Mortgage Insurers
Shares of mortgage insurers mostly slipped Tuesday after PMI Group Inc. reported an $86.8 million loss for the third quarter. (Tue, 30 Oct 2007 20:28:29 GMT)
Revolving Loan Funds available in Green County
MONROE -- Revolving Loan Funds are available through the Green County Housing Program. RLP funds can be made available to eligible residents of Green County for: (Tue, 30 Oct 2007 21:51:59 GMT)
Federal Home Loan Bank of Seattle Declares Third Quarter 2007 Dividends
SEATTLE----The Board of Directors of the Federal Home Loan Bank of Seattle has declared cash dividends on both classes of the Seattle Bank's capital stock. (Tue, 30 Oct 2007 21:52:00 GMT)
SEC agrees to settle with Met Mortgage CEO, Bellingham developer
The Securities and Exchange Commission has reached a tentative settlement with the former chief executive of Metropolitan Mortgage ... (Tue, 30 Oct 2007 22:07:42 GMT)
Banks to spare home loan borrowers
Oct. 30: The CRR hike has dashed any hopes of a cut in home loan rates, but bankers said they were unlikely to pass on the burden of the hike to borrowers. (Tue, 30 Oct 2007 22:32:04 GMT)
Shields Mortgage Fraud Trial Continues
The confessed kingpin of a mortgage fraud scheme took the stand in federal court Tuesday as a witness against former Jackson County Executive Kathryn Shields and her husband, Philip Cardarella, along with two others. (Tue, 30 Oct 2007 23:38:02 GMT)
Record Loss, Mortgage Crisis Spur Merrill CEO's Resignation
The chief executive officer of brokerage giant Merrill Lynch, Stanley O'Neal, stepped down Tuesday after the company posted a record quarterly loss and questions arose over decisions to invest in the troubled mortgage market. Roben Farzad of Business Week and Sam Hayes of Harvard Business School discuss O'Neal's downfall and what it means for the business world. (Wed, 31 Oct 2007 00:29:49 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, 31 Oct 2007 01:36:35 GMT)
Moraine Residents Say Their City Stinks
Beat those winter blahs with a new look for your home. More Details 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! (Wed, 31 Oct 2007 03:25:09 GMT)
Mortgage Woes Push UBS to Its First Loss in 5 Years
Although UBS predicted a return to profitability in the fourth quarter, the losses from subprime mortgage investments left analysts wondering about further big write-offs. (Wed, 31 Oct 2007 06:05:20 GMT)
Gov. Rendell touts two mortgage-aid programs
PHILADELPHIA (AP) — Gov. Ed Rendell on Monday gave a big push to two state programs designed to give relief to homeowners victimized by predatory lending or facing unaffordable increases in their mortgage payments. (Wed, 31 Oct 2007 07:16:40 GMT)
Bank of China profit hamstrung by mortgage losses
Bank of China's third-quarter profit rose 22 percent, the slowest earnings growth among the country's largest lenders, after a $322 million loss on U.S. subprime mortgage investments. (Wed, 31 Oct 2007 07:29:45 GMT)
Washington Mutual Shows Mortgage Mess Isn't Over: Jonathan Weil
Oct. 31 (Bloomberg) -- If you think the worst is over for mortgage lenders, a close look at Washington Mutual Inc.'s balance sheet should dispel that notion pretty quickly. (Wed, 31 Oct 2007 08:06:23 GMT)
Man says he robbed bank because he was behind on mortgage
A Remlap man is being held in federal custody on an armed bank robbery charge after confessing that he robbed a Pinson bank Oct. 9 because he was behind on his home mortgage payments. (Wed, 31 Oct 2007 08:30:13 GMT)
U.S. Tosses Lifeline to Lenders Using Home Loan Banks (Update1)
Oct. 30 (Bloomberg) -- Banks shut out of the market for short-term loans are finding salvation in a government lending program set up to revive housing during the Great Depression. (Wed, 31 Oct 2007 09:36:06 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, 31 Oct 2007 09:38:07 GMT)
Home Loan U Offers Free Refinancing Tips
(ARA) - As the drum beat of news continues about the credit crunch in the mortgage market, millions of homeowners are worried about their adjustable-rate mortgages that will adjust to higher interest rates, leaving many struggling to make their payment. (Wed, 31 Oct 2007 10:07:42 GMT)
Ahead of the Bell: Mortgage Applications
Investors trying to gauge the impact of the housing market's slump on mortgage applications will watch Wednesday for industry data on loan volumes. (Wed, 31 Oct 2007 10:16:54 GMT)
Banks be watchful of loan defaults, no overheating: Reddy
Mumbai, Oct 31 (PTI) Reserve Bank today cautioned banks against rising defaults in consumer and home loans with interest rates on the higher side, but refused to liken it with the sub-prime (Wed, 31 Oct 2007 11:02:45 GMT)
Mortgage Application Volume Rises
Mortgage application volume increased 3.8 percent during the week ending Oct. 26, according to the Mortgage Bankers Association's weekly application survey. (Wed, 31 Oct 2007 11:12:02 GMT)
Banks be watchful of loan defaults: Reddy
Reserve Bank on Wednesday cautioned banks against rising defaults in consumer and home loans with interest rates on the higher side, but refused to liken it with the sub-prime crisis in the US. It will not be right to call it a subprime crisis but defaults have slightly increased in consumer and home loans, RBI Governor Y V Reddy told PTI when asked about former Deputy Governor S S Tarapore s ... (Wed, 31 Oct 2007 11:13:26 GMT)
Refinance applications rose 9.2% last week, MBA data show
CHICAGO (MarketWatch) -- The volume of mortgage applications filed last week increased a seasonally adjusted 3.8%, driven by a rise in refinancings, the Mortgage Bankers Association reported Wednesday. (Wed, 31 Oct 2007 11:17:47 GMT)
Chase Boosts Mortgage Originations 35% in Third Quarter
NEW YORK----Chase announced today that it originated $39.2 billion in mortgages in the third quarter, ending Sept. 30 -- up 35 percent from a year earlier -- as it helps fill consumers' need for home loans. (Wed, 31 Oct 2007 12:00:00 GMT)
Mortgage applications surge
Big increase in refinance volume drives 3.8% overall growth, MBA's survey says. (Wed, 31 Oct 2007 12:01:00 GMT)
A loan in the US
Question: My current interest rate with an SA bank is 12 percent on the R700 000 outstanding bond amount. I work in the US and am now eligible to take out a loan of $100 000 at nine percent, which if I do, will essentially pay off my SA home loan. (Wed, 31 Oct 2007 12:11:54 GMT)
Low rates lure refinancers, boost mortgage demand
A refinancing wave pushed total mortgage applications higher last week on the lowest 30-year mortgage rates since early May despite a small drop in demand for loans to buy homes, an industry trade group said Wednesday. (Wed, 31 Oct 2007 13:22:11 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? (Wed, 31 Oct 2007 13:25:22 GMT)
What should I consider when starting a consulting biz?
Dear FSB: I want to start a consulting business, targeting companies that have $1 million to $6 million in sales. My services will include cash management audits, operational audits, loan application preparations, financial trend analysis, and business loans. What is the minimum amount of capital that I will need? Initially, I will work from home. (Wed, 31 Oct 2007 14:46:10 GMT)
JPMorgan Chase Mortgage Volume Increases
Amid a weakening housing market, JPMorgan Chase & Co. said Wednesday its third-quarter mortgage origination volume increased 35 percent. (Wed, 31 Oct 2007 15:22:53 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. (Wed, 31 Oct 2007 15:55:19 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, 31 Oct 2007 15:55:29 GMT)
New Jersey announces plan to target mortgage woes
State officials today announced a new foreclosure prevention effort to help thousands of New Jersey borrowers facing mortgage problems. The effort involves counseling and financial help to at-risk homeowners and a new task force to study and find solutions to the mortgage troubles facing residents. Under the program, $433 million in mortgage refinancing will be available to residents through ... (Wed, 31 Oct 2007 16:59:30 GMT)
An early dip into your 401(k)
You're in a crunch and need money now. But with the housing market in a slump, you no longer qualify for a home equity loan. What about tapping your 401(k)? (Wed, 31 Oct 2007 17:01:10 GMT)
N.J. announces plan to target mortgage woes
TRENTON — State officials today announced a new foreclosure prevention effort to help thousands of New Jersey borrowers facing mortgage problems. (Wed, 31 Oct 2007 18:03:17 GMT)
New Jersey announces plan to target mortgage woes
TRENTON, N.J. - State officials on Wednesday announced a new foreclosure prevention effort to help thousands of New Jersey borrowers facing mortgage problems. (Wed, 31 Oct 2007 18:04:09 GMT)
NY's Cuomo to announce mortgage probe development
The New York state attorney general plans to announce a "major development" on Thursday morning in an ongoing investigation of the mortgage industry his office said on Wednesday. (Wed, 31 Oct 2007 20:16:47 GMT)
Mortgage Coalition Plans Outreach Effort
A new mortgage industry coalition aimed at helping homeowners avoid foreclosure said Wednesday it plans to send more than 200,000 letters next month to borrowers in danger of default. (Wed, 31 Oct 2007 21:44:21 GMT)
Federal Home Loan Bank of San Francisco Releases September 2007 Cost of Funds Index
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco announced October 31, 2007, that the 11th District Monthly Weighted Average Cost of Funds Index for September 2007 is 4.383%. (Wed, 31 Oct 2007 22:19:00 GMT)
No Ombudsman in American Home Bankruptcy
The judge presiding over the bankruptcy of American Home Mortgage Investment Corp. on Wednesday denied requests from some homebuyers to appoint a consumer privacy ombudsman. (Wed, 31 Oct 2007 22:37:43 GMT)
Paulson to mortgage industry: help curb defaults
Treasury Secretary calls on mortgage lenders to do more to identify borrowers in danger of default; urges flexibility. (Wed, 31 Oct 2007 23:16:00 GMT)
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