Mortgage News Dec 2007

Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006

Previous 1 2 3 4 5 6 7 8 Next

Another guilty plea in mortgage fraud scheme
A second Kansas City man has pleaded guilty to charges related to a $14 million mortgage fraud that aimed at low-income homebuyers. (Wed, 05 Dec 2007 08:43:08 GMT)

Sweating as resets of mortgage rates near
It hasn't been easy, but Edward L. Moye has been making the $1,700 monthly payments on his $280,000 mortgage since he took it out in June 2005. (Wed, 05 Dec 2007 08:57:58 GMT)

Alexi Giannoulias takes stand in lawsuit over bank loan
CHICAGO (AP) - Illinois Treasurer Alexi Giannoulias testified Tuesday in Cook County Circuit Court in defense of a $1 million loan his family's bank made in 2002 to an elderly woman who could now lose her home. (Wed, 05 Dec 2007 09:03:38 GMT)

Mortgage applications rose 22.5% last week: MBA
CHICAGO (MarketWatch) -- Mortgage application volume increased 22.5% last week, driven by an increase in refinance applications, the Mortgage Bankers Association reported on Wednesday. (Wed, 05 Dec 2007 12:22:37 GMT)

U.S. MBA's Mortgage Applications Index Jumped 22.5% Last Week
Dec. 5 (Bloomberg) -- Mortgage applications in the U.S. jumped last week by the most in more than three years, led by a surge in refinancing as long-term interests rates dropped to two-year lows. (Wed, 05 Dec 2007 12:42:25 GMT)

U.S. home loan demand surges
NEW YORK — U.S. mortgage applications surged last week to their highest in nearly 2-1/2 years as interest rates plunged, an industry group said Wednesday. (Wed, 05 Dec 2007 12:57:07 GMT)

U.S. home loan demand surges
Mortgage applications climbed last week to their highest level in nearly 2-1/2 years as interest rates plunged, industry group says (Wed, 05 Dec 2007 13:24:29 GMT)

U.S. MBA's Mortgage Applications Index Jumped 22.5% (Update1)
Dec. 5 (Bloomberg) -- Mortgage applications in the U.S. jumped last week by the most in more than three years, led by a surge in refinancing as long-term interests rates dropped to two- year lows. (Wed, 05 Dec 2007 13:27:41 GMT)

Washington Struggles to Help with Mortgage Crisis
With millions of homeowners facing higher mortgage payments they can't afford, many politicians are eager to help. But what can they do? (Wed, 05 Dec 2007 13:47:39 GMT)

Mortgage Applications Rise Sharply
Mortgage application volume rose 22.5 percent during the week ending Nov. 30, to the Mortgage Bankers Association's weekly application survey. (Wed, 05 Dec 2007 14:20:41 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, 05 Dec 2007 14:55:34 GMT)

Mortgage applications rise
Volume increased 22.5% in latest week, according to Mortgage Bankers Association survey; refinance volume leaps 31.9%. (Wed, 05 Dec 2007 15:01:10 GMT)

Bush to outline mortgage plan on Thursday: source
President George W. Bush will outline on Thursday a plan to freeze mortgage rates for many U.S. homeowners facing sharp interest-rate resets, an industry source said on Wednesday. (Wed, 05 Dec 2007 15:19:33 GMT)

Clinton Says Wall Street Encouraged Reckless Mortgage Lending
Dec. 5 (Bloomberg) -- Democratic presidential candidate Hillary Clinton plans to go to the Nasdaq stock exchange in New York to say that Wall Street helped create a national foreclosure crisis by encouraging reckless mortgage lending. (Wed, 05 Dec 2007 17:32:52 GMT)

Prudential Mortgage Capital Closes $87.8 Million Loan For HRC Hotel Portfolio
CHICAGO----Prudential Mortgage Capital Company announced today that it has closed an $87.8 million refinancing loan on behalf of its conduit account for HRC Hotel portfolio, a group of hotels located in Indiana, Michigan and Florida. (Wed, 05 Dec 2007 19:32:00 GMT)

Prudential Huntoon Paige Closes $3 Million Loan for Candlelight Apartments
LIVERPOOL, N.Y.----Prudential Mortgage Capital Company announced today that it closed a $3 million refinancing loan for Candlelight Apartments insured by the U.S. Department of Housing and Urban Development's Buffalo Multifamily HUB. (Wed, 05 Dec 2007 19:34:00 GMT)

Paulson, Jackson to Host Mortgage Briefin
Treasury Secretary Henry M. Paulson, Jr. will join Housing and Urban Development Secretary Alphonso Jackson, members of the mortgage industry, as well as mortgage investors and mortgage counselors Thursday for a press conference to discuss the Bush Administration's ongoing efforts to help struggling homeowners keep their homes. (Wed, 05 Dec 2007 20:02:16 GMT)

Bush mortgage plan to freeze certain rates for 5 years
Congressional aides say the Bush administration has hammered out an agreement with the banking and mortgage industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring tide of foreclosures. (Wed, 05 Dec 2007 20:19:36 GMT)

Seven more arrested in mortgage fraud
Seven new suspects accused of mortgage fraud were rounded up by police, as Miami-Dade County Mayor Carlos Alvarez unveiled new legislation to increase criminal penalties for people convicted of real estate fraud. (Wed, 05 Dec 2007 20:43:28 GMT)

Treasury to unveil mortgage plan details
President Bush is set to unveil details of a plan to help head off a wave of mortgage foreclosures hitting homeowners whose loans are resetting to payments they can’t afford. (Wed, 05 Dec 2007 20:45:35 GMT)

Clinton tells Wall St. to back mortgage-reform plan
WASHINGTON (MarketWatch) -- Wall Street shares the blame for the subprime mortgage crisis and should get behind voluntary proposals to shield working families from a rising tide of foreclosures or face the prospect of a legislative crackdown, Democratic presidential frontrunner Sen. Hillary Clinton said Wednesday. (Wed, 05 Dec 2007 20:52:46 GMT)

Anticipating loan losses, Fannie Mae sells more stock
Fannie Mae has cut its dividend and is selling billions of dollars' worth of special stock to raise capital to cushion against mounting losses from high-risk home loans. (Wed, 05 Dec 2007 21:09:45 GMT)

FACTBOX: Presidential candidates on the mortgage crisis
(Reuters) - Mounting U.S. mortgage foreclosures have spooked financial markets around the globe in recent months. (Wed, 05 Dec 2007 21:28:00 GMT)

American Home Lenders Want to Sell Loans
American Home Mortgage Holdings Inc.'s secured lenders are seeking bankruptcy court permission to sell the failed mortgage lender's $51 million construction loan portfolio. (Wed, 05 Dec 2007 22:01:54 GMT)

Mortgage loss alert sparks fall for MBIA
Shares of specialist bond insurer MBIA (NYSE:MBI) plunged by nearly 16 per cent on Wednesday after ratings agency Moody's suggested losses on mortgage securities could put the company's triple-A status at risk. (Wed, 05 Dec 2007 22:15:09 GMT)

AIG Sees Mortgage Asset Markdown in 4Q
American International Group Inc. said Wednesday that its direct investments in residential-mortgage-backed securities declined in book value by about 2 percent in the fourth quarter through November. (Wed, 05 Dec 2007 22:21:05 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, 05 Dec 2007 22:36:55 GMT)

(AFX UK Focus) 2007-12-05 22:25 GMT: Democrats criticize Bush administration mortgage plan as inadequate
WASHINGTON (Thomson Financial) - Two top contenders for the Democratic presidential nomination are saying the Bush administration's plan to help struggling borrowers make their mortgage payments -- which President George Bush and Treasury Secretary Henry Paulson will present tomorrow -- falls far short of what is needed. (Wed, 05 Dec 2007 22:51:31 GMT)

Bush Home Loan Plan Could Derail Dems
A White House plan asking lenders and investors to freeze interest rates on troubled mortgages could derail a Democratic proposal giving bankruptcy judges the power to force loan modifications. (Wed, 05 Dec 2007 22:59:31 GMT)

Democratic candidates weigh in on mortgage crisis
NEW YORK (Reuters) - Democratic presidential candidates seized on the U.S. mortgage crisis on Wednesday, with Hillary Clinton and John Edwards offering competing plans to help millions of people facing steep rate hikes or loss of their homes. (Thu, 06 Dec 2007 01:05:43 GMT)

Bush set to unveil plan to battle mortgage crisis
President George W. Bush is expected to unveil a plan on Thursday to help struggling American homeowners avoid foreclosure, addressing a mortgage crisis that risks tipping the U.S. economy into recession and has shaken financial markets around the world. (Thu, 06 Dec 2007 01:11:33 GMT)

Paying for others' home loan mistakes
So you were a responsible borrower and homebuyer? Congratulations -- you get to pay for rescuing those who weren't. (Thu, 06 Dec 2007 01:37:14 GMT)

US mortgage aid plan
PRESIDENT George W Bush's administration is set to unveil a major mortgage aid plan on Thursday to tackled the subprime crisis, possibly including a freeze on some interest rates. (Thu, 06 Dec 2007 02:28:17 GMT)

Wary of Risk, Bankers Sold Shaky Mortgage Debt
At the same time they were selling mortgage-related securities, many companies concerned about a looming meltdown in the housing market, protected themselves from losses. (Thu, 06 Dec 2007 02:40:39 GMT)

Bush set to unveil plan to battle mortgage crisis
WASHINGTON (Reuters) - President George W. Bush is expected to unveil a plan on Thursday to help struggling American homeowners avoid foreclosure, addressing a mortgage crisis that risks tipping the U.S. economy into recession and has shaken financial markets around the world. (Thu, 06 Dec 2007 02:59:35 GMT)

FBI to Focus On Area Mortgage Loan Fraud
The FBI today will launch a mortgage fraud task force in its Washington field office, joining a widening net of state and local investigators digging into the market crisis. (Thu, 06 Dec 2007 03:55:51 GMT)

Sweating as resets of mortgage rates near
It hasn't been easy, but Edward L. Moye has been making the $1,700 monthly payments on his $280,000 mortgage since he took it out in June 2005. (Thu, 06 Dec 2007 06:30:27 GMT)

Bush set to unveil mortgage relief plan
President George W. Bush is expected to unveil a plan on Thursday to prevent a wave of home loan foreclosures that has threatened to knock the U.S. economy into recession and rattled investors worldwide. (Thu, 06 Dec 2007 06:31:57 GMT)

Kathleen Pender: How mortgage-rate freezes could go wrong
The Bush administration will unveil its methadone plan for the mortgage crisis today. Instead of going cold turkey and letting the free market take its course, the administration reportedly has reached an agreement with lenders and mortgage investors to... (Thu, 06 Dec 2007 08:21:58 GMT)

Deal reached in U.S. on freezing some mortgage rates
The plan, hammered out after weeks of talks among Treasury officials, mortgage lenders and Wall Street firms, would allow distressed borrowers who are current on their payments to keep their low introductory rates. (Thu, 06 Dec 2007 09:05:28 GMT)

Wary of risk, Wall Street bankers sold shaky mortgage debt
At the same time they were selling risky mortgage-related securities to investors, many firms were protecting themselves from losses. (Thu, 06 Dec 2007 09:10:09 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? (Thu, 06 Dec 2007 09:16:25 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Thu, 06 Dec 2007 10:29:05 GMT)

RBS warns of 1.25 billion-pound hit from credit woes
The Royal Bank of Scotland revealed Thursday it will write off 1.25 billion pounds from its exposure to the US subprime home loan crisis and the subsequent worldwide credit squeeze. (Thu, 06 Dec 2007 10:45:24 GMT)

Floyd Norris: Mortgage lender's business went sour, but not for its founder
The financial viability of Rams Home Loans, a major mortgage lender in Australia that financed itself in U.S. securities markets, fell apart almost as soon as it went public, and investors have little recourse. (Thu, 06 Dec 2007 11:04:28 GMT)

Bush and mortgage industry work out plan to help subprime loan-holders
The Bush administration and the mortgage industry have agreed on a plan to freeze interest rates for up to five years for a portion of the two million U.S. homeowners with subprime loans. (Thu, 06 Dec 2007 11:04:41 GMT)

American Home snubs offer for loan portfolio
WASHINGTON – American Home Mortgage Holdings Inc.’s secured lenders are seeking bankruptcy court permission to sell the failed mortgage lender’s $51 million construction loan portfolio. (Thu, 06 Dec 2007 11:11:07 GMT)

Banks may face home loan troubles
A TIGHT monetary policy, increased consumer leverage and an appreciating rupee could impact the immediate prospects of the banking sector, international rating agency Fitch Ratings has said. (Thu, 06 Dec 2007 11:13:46 GMT)

WHAT DOES $417,000 BUY? A house in which the buyer avoids a hard-to-get jumbo loan
OAKLAND -- Dannice Fuller is a realistic real estate agent. Seeing that her client wanted a quick sale, she asked her to drop the price to $417,000, or the conforming loan limit for federally sponsored loans, and open up the East Oakland property to nearly every buyer on the market. (Thu, 06 Dec 2007 11:17:20 GMT)

Refinancings drive jump in loan applications
Mortgage applications in the United States jumped last week by the most in more than three years, led by a surge in refinancing as long-term interest rates dropped to two-year lows. (Thu, 06 Dec 2007 11:17:30 GMT)

Home equity loan boom goes bust, eroding many Americans' single largest asset
NEW YORK -- Homeowners started losing hold of their homes years before spiking foreclosures and the housing slump slammed the economy. Piece by piece, some gave away their homes by tapping equity to take cash out to pay for cars, weddings and vacations. (Thu, 06 Dec 2007 11:17:40 GMT)

Wall Street seen rising, mortgage rescue plan eyed
Stocks pointed to a slightly firmer start on Wall Street on Thursday as investors await outlines of the government's mortgage rescue plan and digest the loss reported by luxury home builder Toll Brothers . (Thu, 06 Dec 2007 11:26:42 GMT)

Stock futures gain on mortgage bailout
U.S. stocks tilted toward a higher open on Thursday as the government plans to announce measures to help contain the subprime mortgage crisis. (Thu, 06 Dec 2007 12:01:57 GMT)

Bankrate: This Time, Mortgage Rates Fall in Unison
Fixed mortgage rates fell to the lowest level since Sept. 2005, with the average conforming 30-year fixed mortgage rate now 6 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.35 discount and origination points. (Thu, 06 Dec 2007 12:30:00 GMT)

5-Year Mortgage Rate Freeze Looms
The Bush administration has come up with a plan to help strapped homeowners facing a daunting jump in their monthly mortgage payments. The proposal, reached in negotiations led by Treasury Secretary Henry Paulson with the mortgage industry, would freeze introductory "teaser" rates on subprime mortgages, preventing them from resetting to higher rates for five years. President Bush, who ... (Thu, 06 Dec 2007 12:42:00 GMT)

5-year mortgage rate freeze looms
The Bush administration has come up with a plan to help strapped homeowners facing a daunting jump in their monthly mortgage payments. The proposal, reached in negotiations led by Treasury Secretary Henry Paulson with the mortgage industry, would freeze introductory "teaser" rates on subprime mortgages, preventing them from resetting to higher rates for five years. (Thu, 06 Dec 2007 12:42:10 GMT)

Frank: Mortgage Plan 'Buys Time'
Congressman Barney Frank says the President's mortgage payment program is a temporary solution that doesn't go far enough to help borrowers. (Thu, 06 Dec 2007 12:47:10 GMT)

Home loan rates 'to hit 9pc'
FURTHER interest rate rises are likely in 2008 with home loan rates hitting 9.1 per cent or more, according to the South Australian Centre for Economic Studies. (Thu, 06 Dec 2007 13:55:00 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? (Thu, 06 Dec 2007 14:24:44 GMT)

NY mortgage lender Delta Financial to file bankruptcy
Delta Financial Corp , a Long Island-based mortgage lender, said on Thursday it plans to file soon for bankruptcy protection, after losses mounted and an agreement to obtain new financing fell apart. (Thu, 06 Dec 2007 15:58:50 GMT)

Mortgage foreclosures reach record high
Home foreclosures and the rate of homes entering the foreclosure process rose to a record in the third quarter, as homeowners battled slumping house prices and spiking loan payments, the Mortgage Bankers Association said on Thursday. (Thu, 06 Dec 2007 17:04:47 GMT)

Federal Home Loan Bank of Chicago Awards $9.8 Million in Affordable Housing Grants
The Federal Home Loan Bank of Chicago has awarded approximately $9.8 million to help finance almost 2,200 affordable housing units located primarily in Illinois and Wisconsin through its Affordable Housing Program competitive grant process. (Thu, 06 Dec 2007 17:05:00 GMT)

5-year mortgage rate freeze looms
The Bush administration has come up with a plan to help strapped homeowners facing a daunting jump in their monthly mortgage payments. The proposal, reached in negotiations led by Treasury Secretary Henry Paulson with the mortgage industry, would freeze introductory "teaser" rates on subprime mortgages, preventing them from resetting to higher rates for five years. (Thu, 06 Dec 2007 17:19:55 GMT)

Report: Mortgage delinquencies hit 20-year high
The number of Americans who fell behind on their mortgage payments rose to a 20-year high in the third quarter as borrowers were unable to refinance or sell their homes, Bloomberg News reported today. (Thu, 06 Dec 2007 17:55:34 GMT)

30-Year Mortgage Rates Drop
Rates on 30-year mortgages fell sharply again this week, dropping to the lowest level in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.96 percent. (Thu, 06 Dec 2007 18:11:33 GMT)

Do you risk losing your home because of an adjustable-rate loan?
Are you in danger of losing your home to foreclosure because you took out an adjustable-rate home loan and can't afford the higher payment when the mortgage resets? If you are willing to talk to a reporter about your situation for a story, send us... (Thu, 06 Dec 2007 18:17:04 GMT)

Mortgage Relief May Aid Some
We can't seem to get away from all the mortgage news, can we? This week, in an effort to head off even more bad news in the mortgage industry, the Bush administration brokered a deal to help homeowners facing foreclosure. (Thu, 06 Dec 2007 18:22:08 GMT)

Mortgage aid deal could help one million: White House official
A mortgage relief packaged hammered out by the US administration and major lenders could help more than one million homeowners avert foreclosure in the next two years, a White House official said Thursday. (Thu, 06 Dec 2007 18:27:59 GMT)

U.S. Mortgage delinquencies rise to 20-year high
The number of Americans who fell behind on their mortgage payments rose to a 20-year high in the third quarter as borrowers were unable to refinance or sell their homes. The share of all home loans with payments more than 30 days late, including prime and fixed-rate loans, rose to a seasonally adjusted 5.59 percent, the highest since 1986, the Mortgage Bankers Association said in a report today. ... (Thu, 06 Dec 2007 18:46:28 GMT)

Bush offers mortgage steps to prevent recession
President George W. Bush on Thursday offered new steps to help homeowners facing steep increases in their mortgage payments, an effort to prevent the U.S. housing crisis sending the broader economy into a recession. (Thu, 06 Dec 2007 18:53:09 GMT)

U.S. Mortgage Delinquencies Rise to 20-Year High (Update3)
Dec. 6 (Bloomberg) -- The number of Americans who fell behind on their mortgage payments rose to a 20-year high in the third quarter as borrowers were unable to refinance or sell their homes. (Thu, 06 Dec 2007 18:57:31 GMT)

Treasury Paulson Welcomes Streamlined Mtge Refinancing Procedures
WASHINGTON -(Dow Jones)- U.S. Treasury Secretary Henry Paulson announced Thursday new guidelines by mortgage investors and servicers aimed at streamlining the process for struggling homeowners to refinance or rework their mortgages. (Thu, 06 Dec 2007 19:12:09 GMT)

Rates on 30-Year Mortgage Fall Sharply
Rates on 30-year mortgages fell sharply again this week, dropping to the lowest level in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.96 percent. That was down from 6.10 percent... (Thu, 06 Dec 2007 19:21:07 GMT)

Mortgage foreclosures set a record in Q3
Home foreclosures and the rate of homes entering foreclosure rose to record highs in the third quarter, the Mortgage Bankers Association said Thursday. (Thu, 06 Dec 2007 19:48:01 GMT)

Text of Bush's speech on mortgage crisis
Transcript of President Bush's remarks Thursday announcing a plan to help strapped homeowners whose low introductory mortgage interest rates are scheduled to rise. After Bush spoke, the White House released a corrected telephone number for homeowners to call: 1-888-995-HOPE. (Thu, 06 Dec 2007 19:50:29 GMT)

Bush and mortgage industry work out plan to help subprime loan-holders
The Bush administration and the mortgage industry have agreed on a plan to freeze interest rates for as much as five years for a portion of the two million U.S. homeowners with subprime loans. (Thu, 06 Dec 2007 20:08:23 GMT)

Text of Bush's Speech on Mortgage Crisis
Transcript of President Bush's remarks Thursday announcing a plan to help strapped homeowners whose low introductory mortgage interest rates are scheduled to rise. After Bush spoke, the White House released a corrected telephone number for homeowners to call:... (Thu, 06 Dec 2007 20:08:40 GMT)

Bush Unveils Mortgage Crisis Plan
President Bush presents a plan Thursday to help homeowners who face soaring mortgage prices. It would allow some homeowners with subprime loans to freeze their interest rates for five years. Experts weigh in on the plan. (Thu, 06 Dec 2007 20:15:32 GMT)

Text of Bush's Speech on Mortgage Crisis
Transcript of President Bush's remarks Thursday announcing a plan to help strapped homeowners whose low introductory mortgage interest rates are scheduled to rise. After Bush spoke, the White House released a corrected telephone number for homeowners to call:... (Thu, 06 Dec 2007 20:21:08 GMT)

Bush says mortgage relief plan may help 1.2 million
A wide-ranging mortgage relief package was unveiled Thursday by US President George W. Bush, who said measures agreed upon by lenders and investors could help up to 1.2 million distressed homeowners. (Thu, 06 Dec 2007 20:23:18 GMT)

Deal reached with mortgage industry for 5-year rate freeze
President Bush Thursday offered new steps to help homeowners facing steep increases in their mortgage payments, an effort to prevent the U.S. housing crisis sending the broader economy into a recession. (Thu, 06 Dec 2007 20:24:50 GMT)

Bush unveils plan to slow home foreclosures
President George W. Bush announced a plan on Thursday aimed at slowing a wave of home loan foreclosures that has threatened to knock the U.S. economy into recession and rattled investors worldwide. (Thu, 06 Dec 2007 20:34:28 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? (Thu, 06 Dec 2007 21:22:46 GMT)

Mortgage foreclosures set record as Bush plan unveiled
U.S. home foreclosures as well as the rate of homes entering the foreclosure process rose to a record in the third quarter, as homeowners battled slumping house prices and spiking loan payments, the Mortgage Bankers Association said on Thursday. (Thu, 06 Dec 2007 21:22:49 GMT)

Bush unveils plan to slow home foreclosures
US President George W. Bush has announced a plan aimed at slowing a wave of home loan foreclosures that has threatened to knock the American economy into recession and rattled investors worldwide. (Thu, 06 Dec 2007 22:41:11 GMT)

New mortgage plan has troubling loopholes, critics say
The plan negotiated by the Bush administration to freeze the low introductory rates on subprime home loans appears likely to help only a fraction of the homeowners who face huge jumps in their mortgage payments. (Thu, 06 Dec 2007 23:00:10 GMT)

Highlights of mortgage plan
Major details of the plan announced Thursday by the Bush administration to provide a five-year freeze on mortgage rates for borrowers facing the threat of default on subprime mortgages. Those are loans to people with spotty credit histories. (Thu, 06 Dec 2007 23:59:15 GMT)

Highlights of Mortgage Plan
-- Major details of the plan announced Thursday by the Bush administration to provide a five-year freeze on mortgage rates for borrowers facing the threat of default on subprime mortgages. Those are loans to people with spotty credit histories. (Fri, 07 Dec 2007 00:22:05 GMT)

What the Mortgage Deal Does and Doesn't Do
President Bush announced a deal with the mortgage industry Thursday to freeze interest rates for up to five years for borrowers with subprime mortgages. The deal is a "breakthrough" to some and a "menace" to others. Here, a look at what deal does and doesn't do. (Fri, 07 Dec 2007 01:15:49 GMT)

On Mortgage Relief, Who Gains the Most?
Many homeowners who are having trouble paying their mortgage will find that they do not qualify for the assistance announced by President Bush. (Fri, 07 Dec 2007 01:25:39 GMT)

Home loan rates 'to hit 9pc'
FURTHER interest rate rises are likely in 2008 with home loan rates hitting 9.1 per cent or more, according to the South Australian Centre for Economic Studies. (Fri, 07 Dec 2007 02:55:00 GMT)

Australia's Home Loan Interest Rate To Climb Next Year
(RTTNews) - Australia's home loan interest rates will likely to top 9.0% early next year, the South Australian Centre for Economic Studies said in its recent report. The centre expects the Reserve Bank to lift interest rate by 0.5 percentage points in the first half of 2008. (Fri, 07 Dec 2007 02:56:20 GMT)

'Piggyback' Loans Allowed by Freddie Fed Mortgage Risks
For a glimpse of the risks that infected the mortgage business in recent years, consider a small slice of what happened at Freddie Mac, the giant home-loan investor chartered by the government to bring stability to the housing market. (Fri, 07 Dec 2007 03:21:35 GMT)

Some Needing Mortgage Aid Won?t Get It
Mortgage experts say that although the exact guidelines of the mortgage rescue plan are still fuzzy, it is clear that many of those who need aid the most will not get it. (Fri, 07 Dec 2007 03:40:39 GMT)

Mortgage plan: How does it work? Who does it help?
The Bush administration, banks, bond firms and mortgage servicers rolled out a proposal Thursday to help people with higher-cost adjustable-rate subprime mortgages more quickly and easily refinance or modify their loans including freezing interest rates at the initial teaser rate for five years. A Q&A offers basics about the initiative. (Fri, 07 Dec 2007 03:49:15 GMT)

U.S. Mortgage Delinquencies Rise to 20-Year High
The number of Americans who fell behind on their mortgage payments rose to a 20-year high in the third quarter as borrowers were unable to refinance or sell their homes. (Fri, 07 Dec 2007 07:35:25 GMT)

On mortgage relief, who gains the most?
Bush's plan to help people trapped by the mortgage meltdown is industry-led and not a government bailout. (Fri, 07 Dec 2007 07:38:03 GMT)

Home Front: Troubled home builder's sale has surprise benefit for boss
Almost from the start when struggling Dunmore Homes announced in September it was selling its assets to a loan consultant, rumors started in the home building industry that the deal involved an unconventional sales price and had something to do with a big tax refund. (Fri, 07 Dec 2007 08:04:28 GMT)

New mortgage plan has troubling loopholes
The plan negotiated by the Bush administration to freeze the low introductory rates on subprime home loans appears likely to help only a fraction of the homeowners who face huge jumps in their mortgage payments.{bnl} Will the new interest-rate freeze help you? (Fri, 07 Dec 2007 08:44:35 GMT)

Home-loan rate freeze not likely to help most
Washington -- President Bush acknowledges it's "no perfect solution." Treasury Secretary Henry Paulson says it's "no silver bullet." The plan negotiated by the Bush administration to freeze the low introductory rates on subprime home loans appears likely to help only a fraction of the homeowners who face huge jumps in their mortgage payments. After that, they could be in the same position again. (Fri, 07 Dec 2007 09:00:50 GMT)

Subprime mortgage aid plan unveiled
WASHINGTON - The Bush administration unveiled a plan yesterday that it hopes will calm jittery markets and ease a nationwide housing slowdown by helping 1.2 million Americans with adjustable-rate mortgages avoid foreclosure by refinancing or modifying their loans. (Fri, 07 Dec 2007 09:12:55 GMT)

Bush pushes 5-year home loan rate freeze
WASHINGTON — The Bush administration offered hope to beleaguered homeowners Thursday with a five-year freeze in loan rates for those who qualify, even as the number of bad mortgages jumped to the highest level ever. (Fri, 07 Dec 2007 09:52:04 GMT)

30-year mortgage rates continue downward trend
WASHINGTON -- Rates on 30-year mortgages fell sharply again this week, dropping to the lowest level in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5. (Fri, 07 Dec 2007 11:37:19 GMT)

Mortgage plan found wanting
The mortgage relief plan unveiled by the Bush administration doesn't go far enough to help homeowners victimized by onerous subprime mortgages, local mortgage experts say. (Fri, 07 Dec 2007 11:38:30 GMT)

Mortgage Values Galore, Fording Rebound, Krispy Kreme: Timshel
Dec. 7 (Bloomberg) -- Finding a benchmark for the value of mortgage-related securities and home loans isn't getting easier even though there's a growing amount of data available. (Fri, 07 Dec 2007 12:24:28 GMT)

Prosecutors Bust Alleged Mortgage Fraud
A mortgage $5.6 million fraud scheme has been uncovered, officials told KPRC Local 2 Thursday. (Fri, 07 Dec 2007 14:21:07 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Fri, 07 Dec 2007 15:21:36 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. (Fri, 07 Dec 2007 15:40:42 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? (Fri, 07 Dec 2007 15:40:58 GMT)

N.M. Insulated From Mortgage Troubles
Officials in the state treasurer's office say a $1 billion investment pool managed for local governments and schools across New Mexico contains none of the mortgage-backed securities that triggered a multibillion-dollar run on a similar fund in Florida. (Fri, 07 Dec 2007 17:08:49 GMT)

Czech-owned Russian consumer lender Home Credit ups 9M net fourfold toRUB 915 mln
PRAGUE. DECEMBER 7. INTERFAX CENTRAL EUROPE - Czech-owned Russian consumer lender Home Credit & Finance Bank (HCFB) announced Friday a net profit for January through September of RUB 915 mln, a nearly 400% year- on-year (y/y) increase, driven by credit card and loan issuance. (Fri, 07 Dec 2007 17:13:08 GMT)

Fed Mortgage Proposal in Spotlight
The Federal Reserve is finalizing a far-reaching mortgage proposal that would ban certain lending practices and apply to the lightly regulated subprime mortgage specialists that proliferated during the recent housing boom. (Fri, 07 Dec 2007 19:11:18 GMT)

Top Tips: Refinancing your mortgage, investing your bonus
Question 1: How long do I have to keep my mortgage before I can refinance? - Wayne, PA (Fri, 07 Dec 2007 19:20:00 GMT)

Fed to flex its mortgage-relief muscle
The Federal Reserve is finalizing a far-reaching mortgage proposal that would ban certain lending practices and apply to the lightly regulated subprime mortgage specialists. (Fri, 07 Dec 2007 20:14:58 GMT)

Calderon Boosts Mexico's Mortgage-Backed Bond Market (Update2)
Dec. 7 (Bloomberg) -- President Felipe Calderon plans to boost Mexico's $4.9 billion mortgage bond market to help finance rising demand for homes, while avoiding the lax lending standards that led to the U.S. housing slump, a government official said. (Fri, 07 Dec 2007 21:00:08 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. (Fri, 07 Dec 2007 21:52:56 GMT)

Locals Comment on Bush Mortgage Rate Freeze
Administration Plan is designed to givve homeowners some relief. The devil will probably be in the details, but at least one local mortgage broker said it’s too early to be overly critical of the president’s effort, announced Thursday, to help homeowners worried about foreclosures. (Fri, 07 Dec 2007 22:35:45 GMT)

American Mortgage seeks options after losses
American Mortgage Acceptance Co said it was exploring strategic options after the real estate investment trust liquidated certain investments to meet margin calls, sending its stock down more than 40 percent in after-hours trading. (Fri, 07 Dec 2007 23:11:13 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? (Fri, 07 Dec 2007 23:36:58 GMT)

Expect 'hoops' for mortgage help
WASHINGTON -- Be ready to wait if you want to get information from a toll-free hot line about freezing the interest rate on your subprime mortgage. (Sat, 08 Dec 2007 04:52:34 GMT)

Mortgage bond market is getting a boost in Mexico
President Felipe Calderon plans to boost Mexico's $4.9 billion mortgage bond market to help finance rising demand for homes while avoiding the lax lending standards that led to the U.S. housing slump, a government official said. (Sat, 08 Dec 2007 06:43:33 GMT)

Freeze on mortgage rate not sure-fire
Be ready to wait if you want to get information from a toll-free hotline about freezing the interest rate on your subprime mortgage. (Sat, 08 Dec 2007 07:50:06 GMT)

Still going, but not yet home free
Since a credit crunch engulfed mortgage lenders in mid-August, analysts and investors have had nearly four months to think about whether Countrywide Financial Corp. can survive. Their conclusion? It is too early to tell. So far, the nation's largest mortgage lender has managed to limp along, largely by increasing its borrowings from the Federal Home Loan Bank of Atlanta and receiving $2 billion ... (Sat, 08 Dec 2007 08:08:29 GMT)

Loan fix requires investors to yield
The success of the Bush administration's plan to stem home foreclosures will hinge in large part on whether the investors who own sub-prime mortgages will play along and accept lower interest payments to keep people in their houses. (Sat, 08 Dec 2007 08:20:30 GMT)

Snags in mortgage-rate relief effort
WASHINGTON - Be ready to wait if you call the federal government's new telephone hotline for subprime-mortgage borrowers. Minutes after President Bush outlined a plan on Thursday to help strapped homeowners, callers were told to have patience until a counselor could answer their questions. (Sat, 08 Dec 2007 09:27:26 GMT)

A new mortgage? That'll be £10,000: Lenders raise fees to 'astronomical' levels
Finance giants are taking advantage of home buyers by introducing 'astronomical' mortgage application fees that can top £10,000. Banks and building societies are cashing in through charges that can add crippling extra costs to buying a home or remortgaging (Sat, 08 Dec 2007 09:56:36 GMT)

A SUBPRIME IDEA: BUSH MORTGAGE BAILOUT
I totally agree with Michelle Malkin's "Mortgage Madness" (PostOpinion, Dec. 5.) Why should I, a renter, have to pay to save people from having their homes taken away? These are people who never should have received a mortgage in the first place... (Sat, 08 Dec 2007 10:10:23 GMT)

Mortgage relief plan off to slow start
By Jeannine Aversa ASSOCIATED PRESS WASHINGTON -- Be ready to wait if you want to get information from a toll-free hot line about freezing the interest rate on your subprime mortgage. (Sat, 08 Dec 2007 11:37:24 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, 08 Dec 2007 12:51:56 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? (Sat, 08 Dec 2007 14:54:08 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, 08 Dec 2007 15:51:36 GMT)

Wife says canoe man faked death, hid in home
John Darwin's wife said her husband faked his own death to avoid mounting debts and holed up in the family home for years, hiding from his own sons, according to UK media reports. (Sat, 08 Dec 2007 16:00:17 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, 08 Dec 2007 19:27:05 GMT)

Customer last to know on home-loan deal
Ian Vickers was gobsmacked when he got a letter from mortgage lender AMP welcoming him as a customer. (Sat, 08 Dec 2007 19:56:48 GMT)

Equity home loans are helpful
Home equity loan is a loan where you offer your property as collateral to borrow money from a financial institution. A home equity loan offers you the benefits of extended tenures and relatively lower rates of interest. (Sat, 08 Dec 2007 22:20:12 GMT)

Interest payable on home loan is deductible
U/s 24, the interest on housing loan is first to be deducted against the income from housing property, and the balance if any can be deducted from any other income (Sat, 08 Dec 2007 22:25:44 GMT)

Not Everyone's Happy with Mortgage Bail-Out
(Washington, DC) -- There is evidence that not everyone is pleased with President Bush's plans to help homeowners struggling to make mortgage payments. (Sun, 09 Dec 2007 02:31:50 GMT)

Blog: A new try at fixing the mortgage mess
Solving the mortgage mess is one of the top national issues these days. While President Bush this week came up with a plan that he says will help nationally, some solutions are being pursued by individual states. (Sun, 09 Dec 2007 02:32:54 GMT)

Show Us the Mortgage Relief
Treasury Secretary Henry Paulson Jr.?s new relief plan to stanch the foreclosure crisis is too voluntary as it relies on the private sector to protect the public interest. (Sun, 09 Dec 2007 02:55:39 GMT)

Readers respond to stories from loan problems to taxes to cancer
An inside look at how your credit is scored Editor - I read Kathleen Pender's Net Worth column regarding Wells Fargo and its home-equity loan problems ("Wells' loss is beyond subprime," Nov. 29) with interest. I was in the lending business for more than 40... (Sun, 09 Dec 2007 03:53:36 GMT)

Readers respond to stories from loan problems to taxes to cancer
An inside look at how your credit is scored Editor - I read Kathleen Pender's Net Worth column regarding Wells Fargo and its home-equity loan problems ("Wells' loss is beyond subprime," Nov. (Sun, 09 Dec 2007 05:49:51 GMT)

Bush's mortgage plan attributed to GOP fears of recession
WASHINGTON — The Bush administration’s new and aggressive effort to help people facing foreclosure and shore up the mortgage industry came from growing fears of an election-year recession and the political damage that would cause, analysts said last week. (Sun, 09 Dec 2007 06:39:34 GMT)

Plan to Avert Home Foreclosures Puts Stocks on Firmer Foundation
Stocks climbed last week after President Bush announced a plan to freeze some mortgage rates to prevent foreclosures. (Sun, 09 Dec 2007 06:46:44 GMT)

Mortgage seekers turn to high-cost loans of last resort
Some mortgage seekers spurned by banks and other traditional lenders are turning to high-cost loans known as ''hard-money mortgages.''     Once thought of as a last resort for strapped borrowers, these products - also called ''private-money mortgages'' - have different lending (Sun, 09 Dec 2007 07:11:47 GMT)

Subprime mortgage relief plan misses target
How timely that just as President Bush was announcing a deal to help homeowners struggling with their mortgage payments, new data were released showing that foreclosure starts set a new record. (Sun, 09 Dec 2007 08:02:07 GMT)

President's mortgage fix is too much hope, too little help
How timely that just as President Bush was announcing a deal to help homeowners struggling with their mortgage payments, new figures were released showing that foreclosure starts set a record. (Sun, 09 Dec 2007 08:07:07 GMT)

Home loan standards are stricter
| Call it the credit risk hangover following the housing boom binge: Homebuyers and refinancers who can't come up with sizable down payments, and whose FICO credit scores are below 680, are about to get squeezed in the mortgage market. (Sun, 09 Dec 2007 08:21:47 GMT)

Readers respond to stories from loan problems to taxes to cancer
An inside look at how your credit is scored Editor - I read Kathleen Pender's Net Worth column regarding Wells Fargo and its home-equity loan problems ("Wells' loss is beyond subprime," Nov. 29) with interest. I was in the lending business for more than 40... (Sun, 09 Dec 2007 08:38:49 GMT)

Address cause of mortgage mess
H ow timely that just as President Bush was announcing a deal to help homeowners struggling with their mortgage payments, new data were released showing that foreclosure starts set a new record. (Sun, 09 Dec 2007 09:13:01 GMT)

Couple successfully walked the mortgage tightrope
The Milwaukee parents of three rejected mortgage offers for more than they thought they could afford. Keith and Vicky Newson appeared destined to become subprime lending statistics. (Sun, 09 Dec 2007 09:13:42 GMT)

Previous 1 2 3 4 5 6 7 8 Next

---

Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006

medical insurance | e real estate pro | auto donation | senior care site | online pet info | local plastic surgery | here | online lawyer | online gift resources | night clubs | click here | click here | useful mortgage resources | real estate online | home security guide | local plastic surgery | online bankruptcy attorneys | Business Tax | buy insurance | rehabilitation site | mortgage site | travel resources | law info | drug addiction recovery