Mortgage News Dec 2007
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Federal Home Loan Bank of San Francisco Releases October 2007 Cost of Funds Index
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco announced November 30, 2007, that the 11th District Monthly Weighted Average Cost of Funds Index for October 2007 is 4.233%. (Sat, 01 Dec 2007 00:01:00 GMT)
US banks told to freeze home loan repayments
The White House is close to a deal with US mortgage lenders to ease repayments for thousands of cash-strapped homeowners in an attempt to limit the economic and political damage wreaked by millions of home foreclosures (Sat, 01 Dec 2007 00:09:22 GMT)
30-year mortgage rates drop
WASHINGTON—Mortgage rates fell sharply this week with rates on 30-year mortgages dropping to the lowest level in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.10 percent. (Sat, 01 Dec 2007 03:32:25 GMT)
Bush, industry plan fix for mortgage crisis
The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages. If adopted, it would be the biggest action taken to cope with the unfolding crisis. (Sat, 01 Dec 2007 06:58:42 GMT)
Katz Mortgage Team Now Offering New Commercial Loan Programs with No Origination Fees, No Appraisal and Super Low ...
Katz Mortgage Team, backed by Home Town Mortgage of Atlanta, Georgia, is pleased to announce they are now offering a new type of Commercial Real Estate Loan, called Fast & Easy, that meets the varying needs of today's business owners and real estate investors. (Sat, 01 Dec 2007 07:01:00 GMT)
Mortgage freeze in works
The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages. If adopted, it would be the biggest action taken to cope with the unfolding crisis. (Sat, 01 Dec 2007 07:20:46 GMT)
Katz Mortgage Team Now Offering New Commercial Loan Programs with No Origination Fees, No Appraisal and Super Low ...
Katz Mortgage Team, backed by Home Town Mortgage of Atlanta, Georgia, is pleased to announce they are now offering a new type of Commercial Real Estate Loan, called Fast & Easy, that meets the varying needs of today's business owners and real estate investors. (PRWeb Dec 1, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/TG92ZS1QaWdnLVByb2YtSG9yci1UaGlyLVplcm8= (Sat, 01 Dec 2007 08:06:37 GMT)
Utah tops U.S. in home price rise
Provo-Orem ranked second for home price appreciation SALT LAKE CITY -- The rise in Utah home prices led the country from July through September, the government said, citing sales data. Tighter lending standards after the subprime-loan mess, coupled with higher prices in some areas, have made it more difficult for some people to buy a home. (Sat, 01 Dec 2007 08:13:30 GMT)
Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sat, 01 Dec 2007 09:51:56 GMT)
Handling Mortgage Crisis
Washington - The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are working out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages. If adopted, it would be the biggest action taken to cope with the unfolding crisis. (Sat, 01 Dec 2007 10:01:23 GMT)
Flexibility a virtue of home-loan program
CMG Financial's Home Ownership Accelerator (HOA) loan program is worth a second look. (Sat, 01 Dec 2007 10:06:15 GMT)
Bush wades into mortgage crisis
By David Cho WASHINGTON POST WASHINGTON -- Mortgage rates for homeowners with troubled credit histories would be temporarily frozen under a nearly completed agreement between top Bush administration officials and a broad alliance of Wall Street's biggest banks, mortgage investors, nonprofits (Sat, 01 Dec 2007 11:23:31 GMT)
Fall takes mortgage rates to ’05 levels
WASHINGTON – Mortgage rates fell sharply this week, with rates on 30-year mortgages dropping to the lowest level in more than two years. (Sat, 01 Dec 2007 12:15:45 GMT)
You can refinance in the current mortgage market
Many homeowners across America face the prospect of losing their properties through foreclosure. Yet most people aren't at risk. Even so, many who seek to refinance fear that turmoil from the subprime mortgage crisis could make it much tougher to obtain a high-quality mortgage. (Sat, 01 Dec 2007 12:35:28 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? (Sat, 01 Dec 2007 12:36:38 GMT)
Mortgage relief sought
Bankers, U.S. officials pursue a freeze on subprime loan rates The Bush administration and the mortgage industry, trying to combat a huge wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages. (Sat, 01 Dec 2007 13:20:39 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. (Sat, 01 Dec 2007 13:28:47 GMT)
Bush, mortgage industry may take drastic action
WASHINGTON, D.C. -- The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages. If adopted, it would be the biggest action taken to cope with the unfolding crisis. (Sat, 01 Dec 2007 15:15:21 GMT)
US govt joins mortgage crisis fight
The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled sub-prime mortgages. (Sat, 01 Dec 2007 20:09:22 GMT)
US govt joins mortgage crisis fight
The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled sub-prime mortgages. (Sat, 01 Dec 2007 20:23:24 GMT)
PHH Corps. honors two at Mortgage Makers
Two honored by PHH Mortgage. Mike Dapkus, Branch Manager of Mortgage Makers, was honored by PHH Mortgage, a subsidiary of PHH Corporation (NYSE: PHH), with the prestigious "Best of the Best" award at the 20th annual Real Estate Client Conference held in June. (Sat, 01 Dec 2007 23:27:17 GMT)
US banks to avoid surge in mortgage defaults
WASHINGTON (AP): The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages. If adopted, it would be the biggest action taken to cope with the unfolding crisis. (Sat, 01 Dec 2007 23:40:56 GMT)
Warning to buyers as mortgage fees double in two years
HOMEBUYERS are being warned to watch out for mortgage fees, which have typically doubled over the last two years according to research from Moneyfacts.co.uk. (Sun, 02 Dec 2007 01:29:25 GMT)
The loan crisis hits home
Stories from the front lines -- and expert advice for Long Islanders buying, selling, investing and struggling to hold on By now, many have been touched by the credit crisis. And it's not over yet. But financial experts say there are ways to survive -- and thrive -- in this real estate market. (Sun, 02 Dec 2007 02:34:38 GMT)
Mortgage industry hashes out rate-freeze plan
Mortgage industry executives worked on Saturday to hammer out details of a homeowner rescue plan that would freeze interest rates on some U.S. subprime mortgages for up to seven years, but questions remained over how to avoid investor lawsuits and other legal challenges. (Sun, 02 Dec 2007 04:49:31 GMT)
Mortgage reform bill excludes bailouts
The House of Representatives has passed a mortgage reform bill that is as remarkable for what it doesn't do as for what it does. It doesn't include a bailout of borrowers or lenders. (Sun, 02 Dec 2007 05:02:24 GMT)
First-time buyers wade through mortgage mess
Geoffrey Brace is a young professional eager to buy his first home. He is also weary of the headlines: subprime this, credit crunch that. Talk of a mortgage mess prompts a question. (Sun, 02 Dec 2007 05:33:49 GMT)
Bush, mortgage industry may take drastic action
WASHINGTON, D.C. -- The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages. If adopted, it would be the biggest action taken to cope with the unfolding crisis. (Sun, 02 Dec 2007 06:18:38 GMT)
Wilson business breakfast will focus on mortgage market
“The Collapse of the U.S. Residential Mortgage Market: What Went Wrong and What’s Next?” is the topic of the first biannual Wilson College Community Partner Breakfast, to be held from 7:30-9 a.m. Tuesday, Dec. 11, in Sarah’s Coffeehouse on the lower level of Lenfest Commons. (Sun, 02 Dec 2007 06:46:32 GMT)
Second mortgage for debt consolidation has couple in precarious situation
My wife and I recently moved, but we still own our old house out of state and owe about $122,000 on that mortgage. We took out a 125 percent mortgage to allow us to do debt consolidation and give us extra cash. (Sun, 02 Dec 2007 07:33:15 GMT)
30-year mortgage rates hit 2-year low
National mortgage rates fell sharply last week, with rates on 30-year mortgages dropping to the lowest level in more than two years. (Sun, 02 Dec 2007 08:30:36 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, 02 Dec 2007 09:16:06 GMT)
Latinos hit hard by mortgage meltdown
The real estate boom of recent years ushered a record number of Latinos into the housing market. The community hit a milestone this year: Half now own homes. But the recent credit crunch and escalating foreclosure rates threaten to erode some of the gains. (Sun, 02 Dec 2007 09:24:23 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, 02 Dec 2007 11:07:51 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, 02 Dec 2007 11:08:51 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, 02 Dec 2007 11:13:44 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, 02 Dec 2007 11:38:21 GMT)
Mediation sought as home loan crisis cure
MANSFIELD -- Bankers may be asked soon to meet with financially distressed homeowners in Richland County in a court-operated mediation program designed to reduce foreclosures. (Sun, 02 Dec 2007 12:15:58 GMT)
If you have an ARM, find out when loan will reset
If you have an adjustable rate mortgage, you would be wise to take out your loan documents and find out exactly when and how much of a change you can expect. (Sun, 02 Dec 2007 12:20:01 GMT)
Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Sun, 02 Dec 2007 13:07:41 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, 02 Dec 2007 13:23:01 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, 02 Dec 2007 14:35:08 GMT)
Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Sun, 02 Dec 2007 14:52:41 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, 02 Dec 2007 14:52:52 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, 02 Dec 2007 15:52:52 GMT)
New credit system dings adjustable-rate mortgage borrowers
Adjustable-rate mortgages might have seemed like a great idea at one time for people buying or refinancing homes, but those loans very likely will end up costing consumers far more than higher home payments. (Sun, 02 Dec 2007 17:53:30 GMT)
The curse of U.S. mortgage crisis reaches northern Norway
Narvik, a remote Norwegian seaport, and three other Norwegian municipalities have lost about $64 million, and potentially much more, in complex U.S. securities investments that went sour. (Sun, 02 Dec 2007 20:04:36 GMT)
Treasury plan to rescue home loan borrowers not a solution for all, experts say
If lenders temporarily freeze low introductory interest rates on home loans made to risky borrowers before they soar, it would be a modest fix for the country's fractured housing market. (Sun, 02 Dec 2007 21:25:35 GMT)
Experts: Freeze on home-loan interest no cure-all
The problems are so far-reaching, analysts say, that a White House-backed plan won't spare many borrowers or bankers from foreclosures and defaults and is unlikely to quell recession fears. (Sun, 02 Dec 2007 21:27:32 GMT)
Experts: Freeze on home-loan interest no cure-all
The problems are so far-reaching, analysts say, that a White House-backed plan won't spare many borrowers or bankers from foreclosures and defaults and is unlikely to quell recession fears. (Sun, 02 Dec 2007 21:34:13 GMT)
Experts see Bush mortgage fix as a bandage
If lenders temporarily freeze low introductory interest rates on home loans made to risky borrowers before they soar, it would be a modest fix for the country's fractured housing market. (Sun, 02 Dec 2007 22:59:58 GMT)
White House studies home-loan modification plan
The Bush administration is working with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels. (Mon, 03 Dec 2007 02:46:00 GMT)
Blagojevich urges mortgage help from U.S.
With foreclosures increasing rapidly in Illinois, Gov. Rod Blagojevich is urging federal officials to give homeowners a reprieve from skyrocketing mortgage rates. (Mon, 03 Dec 2007 03:12:29 GMT)
Analysts: Freezing home loan interest rates only a modest fix
WASHINGTON - If lenders temporarily freeze low introductory interest rates on home loans made to risky borrowers, it would be only a modest fix for the country's fractured housing market. (Mon, 03 Dec 2007 04:51:47 GMT)
BOJ chief says subprime mortgage crisis unlikely to seriously affect Japanese financial system
Bank of Japan Governor Toshihiko Fukui said Monday that the subprime mortgage crisis is unlikely to seriously impact the Japanese financial system because of a limited exposure to credit markets. (Mon, 03 Dec 2007 05:14:00 GMT)
Government pension funds not hurt by mortgage problems
The subprime mortgage market's meltdown hasn't hurt Wisconsin's government-sponsored retirement funds, although investments in subprime asset-backed securities have burned other investors nationwide. (Mon, 03 Dec 2007 05:14:55 GMT)
Mortgage crisis sucks $408M out of metro area's economy
While many large metropolitan cities' economic growth is expected to be hammered by the nationwide mortgage crisis, the Birmingham-Hoover metro area should only be impacted minimally. (Mon, 03 Dec 2007 05:27:26 GMT)
Banks aim to take advantage as mortgage brokers struggle
There's plenty of bad news to go around in the subprime mortgage debacle, but some banks are seeing opportunity in the turmoil. (Mon, 03 Dec 2007 05:34:57 GMT)
Mortgage crisis hurts metro economies
Economic growth in 361 metropolitan areas will slow as a result of the nation's mortgage crisis, according to a study by the U.S. Conference of Mayors. (Mon, 03 Dec 2007 05:41:39 GMT)
Mortgage insurer PMI battles housing slump
The speedy reversal of fortune for those in the mortgage business is apparent at PMI Group Inc., the Walnut Creek mortgage insurer. (Mon, 03 Dec 2007 06:08:08 GMT)
Experts: Plan to save home loan borrowers not a solution for all
WASHINGTON -- If lenders temporarily freeze low introductory interest rates on home loans made to risky borrowers before they soar, it would be a modest fix for the country's fractured housing... (Mon, 03 Dec 2007 06:18:24 GMT)
Measure N bond refinancing
The Lompoc Unified School District is considering a Measure N bond refinancing plan that could generate $2.7 million in interest savings needed to complete the district's school improvement program. (Mon, 03 Dec 2007 06:40:47 GMT)
Americas Watchdog Simplifies The Mortgage Process With A Free How To Guide To Finance Or Refinance A Home Loan
Americas Watchdog along with its Homeowner Consumer Center have just come up with a free and easy to understand guide, designed to help every homeowner with the mortgage process. (Mon, 03 Dec 2007 07:01:00 GMT)
Americas Watchdog Simplifies The Mortgage Process With A Free How To Guide To Finance Or Refinance A Home Loan
Americas Watchdog along with its Homeowner Consumer Center have just come up with a free and easy to understand guide, designed to help every homeowner with the mortgage process. The group has taken this step because the mortgage process in very complicated for even the most sophisticated consumer. The guide combines helpful and easy to understand mortgage advice, with a thorough explanation of ... (Mon, 03 Dec 2007 08:25:06 GMT)
Evicted owner to air appeal
Md. court gets case that could change foreclosure rules Kwaku Atta Poku, the Columbia cab owner who lost his family's townhouse to foreclosure after a refinancing, despite having made every mortgage payment, is to get another chance to present his case today in Maryland's highest court. (Mon, 03 Dec 2007 08:34:37 GMT)
Church celebrates mortgage milestone
The clergy at a local church set fire to their congregation's spirit and then to the church's mortgage note during a special service Sunday. (Mon, 03 Dec 2007 10:27:19 GMT)
Federal Court Digest: Pair sentenced in mortgage fraud
Federal judges in Mobile last week handed down prison sentences to a Mobile County pair who helped pull off a mortgage scheme that investigators said defrauded lenders of more than $1 million. (Mon, 03 Dec 2007 10:35:10 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, 03 Dec 2007 10:37:41 GMT)
Treasury plan to rescue home loan borrowers not a solution for all, experts say
WASHINGTON -- If lenders temporarily freeze low introductory interest rates on home loans made to risky borrowers before they soar, it would be a modest fix for the country's fractured housing market. (Mon, 03 Dec 2007 11:22:51 GMT)
Treasury Plan To Rescue Home Loan Borrowers Not Solution For All, Experts Say
Washington — If lenders temporarily freeze low introductory interest rates on home loans made to risky borrowers before they soar, it would be a modest fix for the country's fractured housing market. (Mon, 03 Dec 2007 11:28:04 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, 03 Dec 2007 11:37:41 GMT)
Real estate brokers checks up on clients for mortgage problems
Real estate broker Maria Teresa Quirk used to leave the financing of home purchases to the mortgage experts and attorneys. Nowadays, however, she's taking a more active role - contacting her former clients to make sure they aren't caught in adjustable-rate mortgages resetting to unaffordable payments. (Mon, 03 Dec 2007 11:47:44 GMT)
Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Mon, 03 Dec 2007 12:22:32 GMT)
Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Mon, 03 Dec 2007 12:22:41 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. (Mon, 03 Dec 2007 13:06:46 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? (Mon, 03 Dec 2007 13:06:56 GMT)
Clinton expected to unveil mortgage plan
Presidential candidate Hillary Clinton is expected to call for a 90-day ban on foreclosures and a five-year freeze on adjustable mortgage rates Monday, according to The Wall Street Journal. (Mon, 03 Dec 2007 13:54:00 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, 03 Dec 2007 14:26:27 GMT)
How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Mon, 03 Dec 2007 14:43:55 GMT)
Experts: Plan to save home loan borrowers won't help everyone
Experts: Plan to save home loan borrowers won't help everyone (Mon, 03 Dec 2007 14:58:48 GMT)
Mortgage industry near to subprime aid plan: Paulson
The U.S. Treasury Department is close to brokering a comprehensive mortgage aid plan that will shepherd many troubled borrowers into safe and sustainable loans, Treasury Secretary Henry Paulson said on Monday. (Mon, 03 Dec 2007 15:35:45 GMT)
Paulson Says Subprime Mortgage Plan Will Lessen Economy Risks
Dec. 3 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson said the government and banks will ``soon'' announce a plan to keep subprime mortgage borrowers ``with steady incomes and relatively clean payment histories'' from losing their homes. (Mon, 03 Dec 2007 15:57:31 GMT)
Deal Near on Mortgage Defaults
Treasury Secretary Henry Paulson said Monday he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage defaults by temporarily freezing their interest rates. Paulson told a national housing conference that this... (Mon, 03 Dec 2007 16:08:01 GMT)
Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Mon, 03 Dec 2007 16:21:46 GMT)
Deal near on mortgage defaults, Paulson says
Treasury Secretary Henry Paulson said Monday he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage defaults by temporarily freezing their interest rates. (Mon, 03 Dec 2007 16:46:10 GMT)
Feds near deal to freeze mortgage rates
Treasury Secretary Henry Paulson said today he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage defaults by temporarily freezing their interest rates. (Mon, 03 Dec 2007 17:03:53 GMT)
Paulson says agreement is near on effort to freeze US mortgage rates
Treasury Secretary Henry Paulson said Monday he is confident there will soon be an agreement to help thousands of American homeowners avoid mortgage defaults by temporarily freezing their interest rates. (Mon, 03 Dec 2007 17:06:55 GMT)
Deal Near on Mortgage Defaults
WASHINGTON -- Treasury Secretary Henry Paulson said Monday he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage defaults by temporarily freezing their interest rates. (Mon, 03 Dec 2007 17:08:04 GMT)
Deal Near on Mortgage Defaults
Treasury Secretary Henry Paulson was confident in the passage of an agreement to help homeowners avoid mortgage defaults by temporarily freezing their interest rates (Mon, 03 Dec 2007 17:22:48 GMT)
Paulson says mortgage relief plan nearly ready
Treasury Secretary Henry Paulson said on Monday he hoped to have a mortgage relief plan ready by week's end and urged Congress to give local governments more borrowing power to ward off foreclosures. (Mon, 03 Dec 2007 18:35:12 GMT)
U.S. closes in on mortgage relief plan
U.S. Treasury Secretary Henry Paulson said on Monday he hoped to have a mortgage relief plan ready by week's end and urged Congress to give local governments more borrowing power to ward off foreclosures. (Mon, 03 Dec 2007 19:19:00 GMT)
U.S. closes in on mortgage relief plan
WASHINGTON - U.S. Treasury Secretary Henry Paulson said on Monday he hoped to have a mortgage relief plan ready by week's end and urged Congress to give local governments more borrowing power to ward off foreclosures. (Mon, 03 Dec 2007 19:19:45 GMT)
Stocks fall on economic, mortgage unease
Wall Street turned lower Monday, led by financial services stocks, on concerns that the U.S. economy's expansion will erode amid troubles in the mortgage industry. (Mon, 03 Dec 2007 19:34:48 GMT)
Deal near on mortgage defaults
Treasury Secretary Henry Paulson said Monday that an agreement was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage rates. (Mon, 03 Dec 2007 20:44:52 GMT)
US nears deal on mortgage defaults
Treasury Secretary Henry Paulson said Monday that an agreement was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage rates. (Mon, 03 Dec 2007 20:53:17 GMT)
Paulson's plan to help mortgage borrowers
The U.S. government is working hard to give relief to struggling mortgage holders, Treasury Secretary Henry Paulson said Monday. (Mon, 03 Dec 2007 21:09:00 GMT)
Two Directors Appointed to the Federal Home Loan Bank of San Francisco Board of Directors
SAN FRANCISCO----The Federal Housing Finance Board has reappointed Scott C. Syphax and appointed Kevin Girard Murray to the Federal Home Loan Bank of San Francisco Board of Directors. (Mon, 03 Dec 2007 21:56:00 GMT)
Wall Street falls on mortgage unease
Wall Street fell Monday, led by financial services stocks, on concerns that the U.S. economy's expansion will erode amid troubles in the mortgage industry. (Mon, 03 Dec 2007 22:48:17 GMT)
Deal near on mortgage defaults
Treasury Secretary Henry Paulson said Monday an agreement was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage rates. (Mon, 03 Dec 2007 22:53:50 GMT)
US nears deal on mortgage defaults
Treasury Secretary Henry Paulson said Monday an agreement was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage rates. (Mon, 03 Dec 2007 22:55:31 GMT)
Wall St falls on ISM factory data, mortgage doubts
U.S. stocks fell on Monday after fresh data pointed to a weakening manufacturing sector and uncertainty surrounded emerging plans to shore up the mortgage market. (Mon, 03 Dec 2007 23:24:23 GMT)
Paulson says mortgage plan ready this week
WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Monday he hoped a plan to spare homeowners facing mortgage-rate spikes would be ready by week's end and expressed faith the economy would dodge recession despite the deep housing slump. (Mon, 03 Dec 2007 23:37:56 GMT)
Paulson details plan to ease mortgage troubles
Treasury chief wants states to have broader authority to issue bonds. WASHINGTON — Treasury Secretary Henry Paulson revealed more details about a national mortgage-rescue plan and proposed Monday to help state and local governments issue tax-exempt bonds to pay for mortgage refinancing. (Tue, 04 Dec 2007 01:21:42 GMT)
Home loan approvals down
The Australian Bureau of Statistics (ABS) says fewer homes were approved in October compared to the previous month. (Tue, 04 Dec 2007 01:48:49 GMT)
Australian October Home-Building Approvals Fall 2.8% (Update2)
Dec. 4 (Bloomberg) -- Australia's home-building approvals fell in October by the most in five months after the central bank raised its benchmark interest rate to an 11-year high. (Tue, 04 Dec 2007 02:14:09 GMT)
Paulson says mortgage plan ready this week
U.S. Treasury Secretary Henry Paulson said on Monday he hoped a plan to spare homeowners facing mortgage-rate spikes would be ready by week's end and expressed faith the economy would dodge recession despite the deep housing slump. (Tue, 04 Dec 2007 02:46:20 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? (Tue, 04 Dec 2007 03:51:35 GMT)
Paulson Details Mortgage Aid Plan
Treasury Secretary Henry M. Paulson Jr. unveiled new details of the Bush administration's mortgage-relief plan yesterday, including a proposal that would grant new powers to local governments to refinance the mortgages of struggling homeowners. (Tue, 04 Dec 2007 04:07:05 GMT)
Mortgage help ideas unveiled
Revealing more details about a national mortgage-rescue plan that's still in the works, Treasury Secretary Henry Paulson proposed Monday to help state and local governments issue tax-exempt bonds to pay for mortgage refinancing and confirmed that he seeks to temporarily freeze the rates of tens of thousands of home loans that are about to adjust to higher rates. Paulson told a national housing ... (Tue, 04 Dec 2007 05:36:58 GMT)
Oh expects A-Rod to surpass his baseball home-run record
Japanese baseball legend Sadaharu Oh believes his lifetime home-run record of 868 is doomed to be broken by New York Yankees superstar Alex Rodriguez. (Tue, 04 Dec 2007 06:08:11 GMT)
Treasury Secretary details mortgage-relief plans
WASHINGTON - Revealing more details about a national mortgage-rescue plan that's still in the works, Treasury Secretary Henry Paulson proposed Monday to help state and local governments issue tax-exempt bonds to pay for mortgage refinancing and confirmed that he seeks to temporarily freeze the rates of tens of thousands of home loans that are about to adjust to higher rates. (Tue, 04 Dec 2007 06:22:39 GMT)
Paulson angling for mortgage crisis solution
Treasury Secretary Henry Paulson, seeking to limit damage from a subprime-mortgage crisis that threatens to end the U.S. economic expansion, said he's confident the government and banks will agree on a plan this week. (Tue, 04 Dec 2007 06:45:03 GMT)
Home loan help proposed
WASHINGTON – Revealing more details about a national mortgage-rescue plan that's still in the works, Treasury Secretary Henry Paulson proposed Monday to help state and local governments issue tax-exempt bonds to pay for mortgage refinancing and confirmed that he seeks to temporarily freeze the rates of tens of thousands of home loans that are about to adjust to higher rates. (Tue, 04 Dec 2007 08:03:13 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, 04 Dec 2007 09:16:15 GMT)
Mortgage meltdown
The home mortgage meltdown isn’t just gutting the poorer parts of town. (Tue, 04 Dec 2007 10:04:44 GMT)
Mortgage talks make progress Paulson: Industry near agreement on subprime rate freeze
WASHINGTON — Treasury Secretary Henry Paulson said Monday an agreement was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage (Tue, 04 Dec 2007 10:57:15 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. (Tue, 04 Dec 2007 12:51:50 GMT)
Cerberus, H&R Block end mortgage deal
Cerberus Capital Management LP and H&R Block Inc. said Tuesday they terminated their agreement for Cerberus to purchase H&R Block's mortgage subsidiary, which has now stopped accepting new mortgage applications. (Tue, 04 Dec 2007 13:03:27 GMT)
Japanese baseball player expects A-Rod to surpass his home-run record
Japanese baseball legend Sadaharu Oh believes his lifetime home-run record of 868 is doomed to be broken by New York Yankees superstar Alex Rodriguez. (Tue, 04 Dec 2007 13:55:27 GMT)
H&R Block, Cerberus scuttle deal for Option One mortgage unit
BOSTON (MarketWatch) -- H&R Block Inc. said Tuesday that it has agreed to scuttle the proposed sale of its Option One Mortgage Corp. unit to Cerberus Capital Management in the latest sign of trouble in the subprime-mortgage market. (Tue, 04 Dec 2007 14:03:23 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, 04 Dec 2007 14:10:22 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, 04 Dec 2007 14:10:32 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. (Tue, 04 Dec 2007 14:10:52 GMT)
Elderly woman pressured to return loan commits suicide
New Delhi, Dec 4 (IANS) An elderly woman committed suicide by hanging herself at her west Delhi home after allegedly pressured by a property dealer to return a loan, which she has borrowed a few weeks ago, police said Tuesday. (Tue, 04 Dec 2007 15:35:18 GMT)
Nevada Mortgage Crisis Rebound Predicted
Nevada's economy should be so strong by 2009 that a housing shortage may be the big concern rather than the current mortgage crisis and heavy surplus of homes for sale, an economist told lawmakers. (Tue, 04 Dec 2007 17:09:19 GMT)
FSA warns mortgage lenders over liquidity risk
The Financial Services Authority on Tuesday warned Britain's mortgage lenders to batten down the hatches as it told them to assume that market conditions will remain "very difficult for a sustained period". (Tue, 04 Dec 2007 17:10:18 GMT)
KC man pleads guilty to mortgage fraud
Another defendant in a recently revealed mortgage fraud pleaded guilty on Monday. (Tue, 04 Dec 2007 17:13:02 GMT)
FSA issues stark warning on mortgage defaults
Britain's top financial regulator has issued a stark warning that more than a million people may find it impossible to refinance their mortgages next year as the turmoil in financial markets deepens. (Tue, 04 Dec 2007 17:30:15 GMT)
H&R Block, Cerberus scrap mortgage deal
H&R Block Inc. said Tuesday that a deal to sell its troubled mortgage lending arm has fallen through, forcing it to scrap most of the $1 billion business. (Tue, 04 Dec 2007 19:33:29 GMT)
Cerberus, H&R Block quit deal for Option One Mortgage
Cerberus Capital Management and H&R Block said Tuesday they terminated their agreement for Cerberus to purchase H&R Block's mortgage subsidiary, which has now stopped accepting new mortgage applications. (Tue, 04 Dec 2007 19:40:08 GMT)
H&R Block's mortgage-unit deal scrapped
H&R Block said today that a deal to sell its troubled mortgage lending arm has fallen through, forcing it to scrap most of the $1 billion... (Tue, 04 Dec 2007 19:43:01 GMT)
AdCare Announces the Refinancing of a Nursing Home in Ohio
AdCare Health Systems, Inc. , an Ohio based long term care, home care and management company, today announced the refinancing of one of its nursing homes. (Tue, 04 Dec 2007 21:00:00 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, 04 Dec 2007 21:06:45 GMT)
Elderly woman pressured to return loan commits suicide
An elderly woman committed suicide by hanging herself at her west Delhi home after allegedly pressured by a property dealer to return a loan, which she has borrowed a few weeks ago, police said Tuesday. (Tue, 04 Dec 2007 21:13:32 GMT)
Federal Home Loan Bank of Atlanta Announces New Board Members
Federal Home Loan Bank of Atlanta today announced that the Federal Housing Finance Board has appointed three new directors to FHLBank Atlanta's board of directors. The Bank's board of directors also has elected a new director to fill the vacancy as of January 1, 2008 for the directorship the Finance Board has designated for the state of Georgia. (Tue, 04 Dec 2007 21:42:00 GMT)
Federal Home Loan Bank of New York Goes Live on FLEXCUBE
i-flex® solutions , a leading provider of technology solutions to the global financial services industry, announced today that Federal Home Loan Bank of New York has implemented FLEXCUBE® for its Demand Deposit Account operations. (Tue, 04 Dec 2007 22:14:00 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. (Tue, 04 Dec 2007 22:25:16 GMT)
H&R Block, Cerberus scrap mortgage deal
H&R Block Inc. said Tuesday that a deal to sell its troubled mortgage lending arm has fallen through, forcing it to scrap most of the $1 billion business. (Tue, 04 Dec 2007 22:35:25 GMT)
UK mortgage market could face £30bn squeeze in 2008
Britain’s mortgage lenders face a £30 billion funding shortfall next year if the Bank of England does not step in to ease the credit squeeze, the industry’s lobby group said yesterday. (Tue, 04 Dec 2007 22:57:22 GMT)
US mortgage giant in share issue
US mortgage giant Fannie Mae is to issue $7bn of shares to cover losses linked to the housing market. (Tue, 04 Dec 2007 23:41:50 GMT)
How to get good mortgage advice
Where should you go for advice on taking out a mortgage? (Wed, 05 Dec 2007 00:15:45 GMT)
H&R Block to leave the mortgage-lending business
The Kansas City-based tax preparer scraps a deal to sell its mortgage wing. (Wed, 05 Dec 2007 00:35:15 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. (Wed, 05 Dec 2007 00:52:06 GMT)
China Construction Bank to Sell Mortgage-backed Notes (Update2)
Dec. 5 (Bloomberg) -- China Construction Bank Corp., the nation's largest mortgage lender, plans to raise 4 billion yuan ($541 million) selling residential mortgage-based securities, the second such sale in the country. (Wed, 05 Dec 2007 03:50:19 GMT)
China Construction Bank to Sell Mortgage-Backed Notes (Update3)
Dec. 5 (Bloomberg) -- China Construction Bank Corp., the nation's largest mortgage lender, plans to raise 4 billion yuan ($541 million) selling residential mortgage-based securities, the second such sale in the country. (Wed, 05 Dec 2007 04:20:16 GMT)
Expert: Freezing Mortgage Rates Has A Downside
President Bush said he's against using taxpayer dollars to bail out lenders who made bad loans and landed themselves and the country in a mortgage crisis. (Wed, 05 Dec 2007 04:53:53 GMT)
Mortgage lenders warned by UK watchdog
Mortgage lenders were warned by the City watchdog on Tuesday to batten down the hatches and brace for "very difficult" market conditions next year as at least 1.4m homeowners face a sharp jump in loan repayments. (Wed, 05 Dec 2007 05:00:17 GMT)
Museum Loan Network finds new home at Brown
“THE MLN is a network not just of artifacts, but also of ideas and individuals,” said Steven D. Lubar, director of the university’s John Nicholas Brown Center. “We look forward to extending this distinguished history of the MLN as an institution that catalyzes a wide range of museum work.” (Wed, 05 Dec 2007 05:06:58 GMT)
Mortgage fallout felt by GOP
The White House's move to deal with the growing foreclosure rate comes amid concerns about the '08 elections. The Bush administration's newly aggressive effort to help people facing foreclosure and shore up the troubled mortgage industry was sparked by growing concerns of an election-year recession, and the political damage that would cause, analysts said Tuesday. (Wed, 05 Dec 2007 08:05:51 GMT)
H&R Block to scrap mortgage operations
H&R Block said Tuesday that a deal to sell its troubled mortgage lending arm has fallen through, forcing it to scrap most of the $1... (Wed, 05 Dec 2007 08:33:31 GMT)
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