Mortgage News Dec 2007

Feb 2012 | Jan 2012 | Dec 2011 | Nov 2011 | Oct 2011 | Sep 2011 | Aug 2011 | Jul 2011 | Jun 2011 | May 2011 | Apr 2011 | Mar 2011 | Feb 2011 | Jan 2011 | Dec 2010 | Nov 2010 | Oct 2010 | Sep 2010 | Aug 2010 | Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010 | Feb 2010 | Jan 2010 | Dec 2009 | Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 2008 | Nov 2008 | 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

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, 17 Dec 2007 10:07:22 GMT)

Deception hits mortgage market once again
WASHINGTON, D.C. -- With the housing market in decline, unscrupulous sales agents are popping up in the booming reverse-mortgage industry, where reports of deceptive and high-pressure sales tactics are worrying lawmakers and consumer advocates alike. (Mon, 17 Dec 2007 10:20:05 GMT)

German bank KfW could face billions in US loan losses: report
Exposure to the US market for more risky home loans at troubled German lender IKB could cost its main, state-run owner more than five billion euros (7.2 billion dollars), reports said Monday. (Mon, 17 Dec 2007 10:44:26 GMT)

German bank KfW could face billions in US loan losses: report
The IKB logo outside the company headquarters in Berlin. Exposure to the US market for more risky home loans at troubled German lender IKB could cost KfW -- its main, state-run owner -- more than five billion euros (7.2 billion dollars). (Mon, 17 Dec 2007 10:50:47 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, 17 Dec 2007 11:22:56 GMT)

Mortgage plan not broad enough
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. (Mon, 17 Dec 2007 11:34:34 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, 17 Dec 2007 11:38:13 GMT)

Centro Slumps 76% on Struggles to Refinance Debt (Update5)
Dec. 17 (Bloomberg) -- Centro Properties Group, the owner of 700 U.S. shopping malls, slumped 76 percent in Sydney trading after saying it's struggling to refinance debt because of the collapse in the subprime mortgage market. (Mon, 17 Dec 2007 11:59:02 GMT)

Centro Slumps 76% on Struggles to Refinance Debt (Update5)
Dec. 17 (Bloomberg) -- Centro Properties Group, the owner of 700 U.S. shopping malls, slumped 76 percent in Sydney trading after saying it's struggling to refinance debt because of the collapse in the subprime mortgage market. (Mon, 17 Dec 2007 12:20:17 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, 17 Dec 2007 12:22:12 GMT)

Credit crunch hits Centro Properties
Centro Properties, an Australian company that is one of the largest owners of shopping malls in the United States, announced Monday that it was having trouble refinancing loans and might have to sell assets. (Mon, 17 Dec 2007 12:23:22 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, 17 Dec 2007 12:51:46 GMT)

National City sees loan loss provision of $700 mln
National City Corp , the ninth-largest U.S. bank, said on Monday it expects its provision for loan losses for the fourth quarter to be about $700 million. (Mon, 17 Dec 2007 14:15:26 GMT)

Mortgage officers hopeful of plan
From local mortgage experts, there are hope and concerns coming out of President George W. Bush's foreclosure plan aimed to relieve homeowners in need. (Mon, 17 Dec 2007 14:39:31 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, 17 Dec 2007 14:56:07 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, 17 Dec 2007 15:07:13 GMT)

Senate passes bill to help homeowners in mortgage crisis
WASHINGTON — The Senate moved against the worsening mortgage crisis Friday, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans. (Mon, 17 Dec 2007 15:39:13 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, 17 Dec 2007 15:51:48 GMT)

National City signals worst over for loan losses
National City Corp , the ninth-largest U.S. bank, said on Monday it is reserving $700 million for fourth-quarter loan losses, but indicated the worst may be over, sending its shares higher. (Mon, 17 Dec 2007 16:50:57 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, 17 Dec 2007 16:53:55 GMT)

NEW: O'Fallon homeowners soon may apply for loan
Applications for no-interest loans of up to $5,000 are scheduled to be available Jan. 14 to May 30 to a limited number of O'Fallon homeowners who qualify for O'Fallon's Home Improvement Loan Program. (Mon, 17 Dec 2007 16:54:27 GMT)

Subprime mortgage crisis will have lasting effect on economy
The subprime mortgage crisis is having a big effect on the stock market, home prices and the economy. (Mon, 17 Dec 2007 18:18:00 GMT)

Mortgage-relief plan divides California neighbors
A mortgage-relief plan being pushed by the government is supposed to help debt-laden homeowners across America. But it's creating dashed hopes and fresh tensions in this city that mushroomed during the subprime-lending boom. (Mon, 17 Dec 2007 18:23:43 GMT)

State suing mortgage lender for abandoning consumers' info
The state is suing a defunct Dublin mortgage brokerage firm and its owner for allegedly leaving consumers' personal information behind after closing earlier this year. (Mon, 17 Dec 2007 18:25:12 GMT)

Viewers' Wind Damage, Ice Pics -- Slideshow 2
Doing your homework before refinancing pays. Check out this site where you can get articles and check mortgage calculators to help you find the right loan and then complete our simple, secure online request and compare up to 4 offers. (Mon, 17 Dec 2007 18:35:41 GMT)

Colorado restricts mortgage prepayment penalties
Division of Real Estate Director Erin Toll has issued an emergency rule restricting prepayment penalties on mortgage loans, Gov. Bill Ritter's office announced Monday. (Mon, 17 Dec 2007 18:45:51 GMT)

Midwest states lead nation in home loan losses, delinquencies
DETROIT - Michigan and Ohio share something with Florida and California - some of the nation's highest rates of foreclosed homes and delinquent mortgages. (Mon, 17 Dec 2007 19:44:51 GMT)

Calpers Invests $200M in Mortgage Fund
The nation's biggest public pension manager invested $200 million in a fund established to buy commercial mortgage debt, managers of the fund said Monday. (Mon, 17 Dec 2007 19:53:47 GMT)

Midwest Leads Nation in Home Loan Losses
Michigan and Ohio share something with Florida and California -- some of the nation's highest rates of foreclosed homes and delinquent mortgages. But the reasons for their woes are as different as their climates. (Mon, 17 Dec 2007 20:01:02 GMT)

Midwest leads nation in home loan losses, delinquencies
Michigan and Ohio share something with Florida and California — some of the nation's highest rates of foreclosed homes and delinquent... (Mon, 17 Dec 2007 20:30:33 GMT)

Treasury Paulson: Mortgage Regulation Is A `Patchwork Quilt`
ORLANDO, Fla. -(Dow Jones)- U.S. Treasury Secretary Henry Paulson on Monday described the oversight of the mortgage industry as a "patchwork quilt." He said there should be "uniform standards" for mortgage lenders and brokers. (Mon, 17 Dec 2007 21:11:29 GMT)

Grand jury indicts 9 for mortgage fraud
A federal grand jury has indicted nine people and an Anchorage company in what prosecutors describe as Alaska's largest mortgage fraud case ever. (Mon, 17 Dec 2007 21:13:11 GMT)

Feds indict 31 in mortgage-loan scheme
Federal officials announced charges Monday afternoon against 31 people accused of participating in a scheme to obtain fraudulent mortgage loans worth roughly $14 million. (Mon, 17 Dec 2007 21:48:15 GMT)

American Home Could Face Class Action
Former American Home Mortgage Investment Corp. loan officers want a bankruptcy judge to let them alert thousands of other ex-employees that they may be entitled to collect from the failed company for allegedly overworking and underpaying them. (Mon, 17 Dec 2007 21:53:16 GMT)

US regulator's optimism over home loans
There is no limit to the amount of money the Federal Home Loan Bank system can lend to support the mortgage finance industry as long as investors are willing to keep on buying its debt at moderate prices, said the system's regulator. (Mon, 17 Dec 2007 22:10:19 GMT)

31 indicted for home loan fraud
Federal prosecutors in Miami-Dade County unsealed an indictment Monday, charging 31 defendants in a multimillion-dollar home loan fraud. (Mon, 17 Dec 2007 22:43:49 GMT)

Paulson rules out bailout for mortgage crisis
The Bush administration reacted coolly to a suggestion from former Fed chief Alan Greenspan that the government should consider bolder efforts to deal the mortgage crisis. (Mon, 17 Dec 2007 23:17:37 GMT)

Centro, Struggling to Refinance Debt, Extends Decline (Update1)
Dec. 18 (Bloomberg) -- Centro Properties Group, the owner of 700 U.S. shopping malls, fell a second day in Sydney trading after saying it's struggling to refinance debt because of the collapse in the subprime mortgage market. (Mon, 17 Dec 2007 23:44:12 GMT)

Mortgage Lenders Win Postponement of European Home-Loan Rules
Dec. 18 (Bloomberg) -- European mortgage lenders won a delay of new marketing and refinancing rules after European regulators said further time is required to assess the market. (Tue, 18 Dec 2007 00:41:26 GMT)

Mortgage Lenders Win Postponement of European Home-Loan Rules
Dec. 18 (Bloomberg) -- European mortgage lenders won a delay of new marketing and refinancing rules after European regulators said further time is required to assess the market. (Tue, 18 Dec 2007 00:49:44 GMT)

Michigan Leads Nation In Home Loan Losses
LANSING - Michigan was the state with the highest number of home loan losses through September 30, according to Fannie Mae, which provides financing guarantees for nearly 40 percent of all houses in the U.S. (Tue, 18 Dec 2007 01:57:31 GMT)

Guilty plea in subprime mortgage scam
An Alameda County man pleaded guilty Monday to lying to a federal grand jury that is investigating subprime mortgage fraud in San Joaquin County, prosecutors said. John Ngo, 27, of Dublin, a former senior loan coordinator for Long Beach Mortgage Co., admitted... (Tue, 18 Dec 2007 01:58:03 GMT)

Fairfax Media home loan affordability reports
This series reports on changing home loan affordability for typical buyers and first-home buyers in New Zealand as a national market, and separately for 12 regions. Current real estate prices, mortgage rates and incomes are the three key determinants of home loan affordability. (Tue, 18 Dec 2007 01:59:05 GMT)

Mortgage broker accused of bait and switch
State regulators have accused a Kirkland-based mortgage broker of bait and switch advertising, alleging that it promised a 1 percent mortgage while actually charging higher rates. (Tue, 18 Dec 2007 02:13:13 GMT)

Broader Mortgage Reforms Pushed
Recession Feared; Election On Way Support is growing on several fronts in Washington for mortgage industry reforms and homeowner assistance programs with broader potential impact than the Bush administration's plan to freeze interest rates on a small percentage of home loans. (Tue, 18 Dec 2007 02:57:33 GMT)

Worst ever home loan affordability
A new study has found national home loan affordability is the worst it has ever been. (Tue, 18 Dec 2007 03:24:03 GMT)

Worst ever home loan affordability
18 December 2007 A new study has found national home loan affordability is the worst it has ever been. A home loan is considered affordable when mortgage payments cost 40 percent or less of take home pay. (Tue, 18 Dec 2007 03:58:12 GMT)

No Super solution to mortgage woes
DRAWING on superannuation accounts to make mortgage payments will not help struggling homeowners avoid foreclosures, a new report reveals. (Tue, 18 Dec 2007 04:28:40 GMT)

Super won't help mortgage woes: report
Drawing on superannuation accounts to make mortgage payments will not help struggling homeowners avoid foreclosures, a new report reveals. (Tue, 18 Dec 2007 04:35:31 GMT)

Super won't help mortgage woes: report
Drawing on superannuation accounts to make mortgage payments will not help struggling homeowners avoid foreclosures, a new report reveals. (Tue, 18 Dec 2007 04:35:31 GMT)

Super won't help mortgage woes: report
Drawing on superannuation accounts to make mortgage payments will not help struggling homeowners avoid foreclosures, a new report reveals. "They're raiding the piggy bank for no good purpose," ACT Consumer Law Centre (ACTCLC) director David Tennant said. (Tue, 18 Dec 2007 04:40:17 GMT)

Home Savings merger delayed
YOUNGSTOWN — Local and national credit woes are delaying a proposed merger between the parent company of The Home Savings and Loan Co. and the holding... (Tue, 18 Dec 2007 05:05:17 GMT)

Push for mortgage reforms intensifies
WASHINGTON -- Support is growing on several fronts in Washington for mortgage-industry reforms and homeowner-assistance programs with broader potential impact than the Bush administration's plan to freeze interest rates on a small percentage of home loans. (Tue, 18 Dec 2007 06:10:26 GMT)

More mortgage help being urged
WASHINGTON - Support is growing on several fronts in Washington for mortgage-industry reforms and homeowner-assistance programs with broader potential impact than the Bush administration's plan to freeze interest rates on a small percentage of home loans. (Tue, 18 Dec 2007 06:22:14 GMT)

Home Federal Savings and Loan and First Louisiana Bank combine
Home Federal Savings and Loan, one of Shreveport's oldest financial institutions (in operation since 1924), and First Louisiana Bank, one of Shreveport's newest, have agreed to combine. (Tue, 18 Dec 2007 08:12:33 GMT)

Guilty plea in subprime mortgage scam
An Alameda County man pleaded guilty Monday to lying to a federal grand jury that is investigating subprime mortgage fraud in San Joaquin County, prosecutors said. John Ngo, 27, of Dublin, a former senior loan coordinator for Long Beach Mortgage Co., admitted... (Tue, 18 Dec 2007 08:31:12 GMT)

More mortgage relief is urged
Support is growing on several fronts in Washington, D. C., for mortgage-industry reforms and homeowner-assistance programs with broader... (Tue, 18 Dec 2007 08:32:57 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, 18 Dec 2007 09:17:02 GMT)

Fed Unveils Home Mortgage Rules
The Federal Reserve today unveiled home mortgage rules meant to curtail the subprime lending practices that have roiled the global financial system as European banks moved again to smooth credit markets and calm investors. (Tue, 18 Dec 2007 09:26:54 GMT)

New home-equity loan is for adoptive parents
For adoptive parents, bringing a new baby into the home can be very costly. One national bank has begun helping such families more easily afford the financial burdens of adoption by tapping into their home equity. (Tue, 18 Dec 2007 09:39:19 GMT)

National City takes $200M mortgage charge
CLEVELAND — National City Corp., Ohio’s largest bank, reported yesterday that it took a $200 million charge related to its mortgage securities and expects to set aside about $700 million in the fourth quarter to cover bad loans. (Tue, 18 Dec 2007 09:50:37 GMT)

Michigan, Ohio lead U.S. in home-loan foreclosures
Michigan and Ohio share something with Florida and California — some of the nation's highest rates of foreclosed homes and delinquent... (Tue, 18 Dec 2007 10:09:21 GMT)

Federal agents charge 31 people in mortgage loan fraud
Federal officials in Miami announced charges Monday against 31 people accused of participating in a scheme to illegally obtain mortgage loans worth roughly $14 million. (Tue, 18 Dec 2007 10:45:23 GMT)

Momentum builds for mortgage reform
SUPPORT is growing on several fronts in Washington for mortgage-industry reforms and homeowner-assistance programs with broader potential impact than the Bush administration's plan to freeze interest (Tue, 18 Dec 2007 11:02:57 GMT)

Subprime mortgage crisis will have lasting effect on economy
The subprime mortgage crisis is having a big effect on the stock market, home prices and the economy. (Tue, 18 Dec 2007 11:03:04 GMT)

Thornburg Mortgage Names Goldstone CEO
Thornburg Mortgage Inc. on Tuesday named President, Chief Operating Officer and co-founder Larry Goldstone as chief executive to replace outgoing CEO and co-founder Garrett Thornburg. (Tue, 18 Dec 2007 11:37:52 GMT)

Thornburg Mortgage Declares Dividend
Residential mortgage lender Thornburg Mortgage Inc. on Tuesday declared a regular quarterly dividend of 25 cents. The company chose not to pay a dividend in the previous quarter in an attempt to conserve cash as it dealt with uncertainty in the mortgage markets. (Tue, 18 Dec 2007 11:53:00 GMT)

Drax Has Record Drop After Scrapping Debt-Refinancing (Update1)
Dec. 18 (Bloomberg) -- Drax Group Plc, the owner of western Europe's biggest coal-fired power plant, dropped the most since selling shares in London after it scrapped plans to refinance debt and said full-year profit will fall. (Tue, 18 Dec 2007 12:04:56 GMT)

Mortgage costs send inflation higher
Consumer price index rises 2.5% in November, slightly ahead of expectations, on higher gasoline, mortgage costs (Tue, 18 Dec 2007 12:32:30 GMT)

Thornburg Mortgage names CEO, reinstates dividend
Thornburg Mortgage Inc said on Tuesday that it promoted its chief operating officer to CEO and reinstated a quarterly dividend despite ongoing turmoil in the mortgage market. (Tue, 18 Dec 2007 12:48:35 GMT)

Paulson says mortgage relief plan not a bailout
U.S. Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a mortgage relief plan, said it was not a bailout for people who made bad decisions. (Tue, 18 Dec 2007 14:06:10 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? (Tue, 18 Dec 2007 14:25:18 GMT)

Paulson says U.S. mortgage relief plan not a bailout
U.S. Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a mortgage relief plan, said on Tuesday it was not a bailout for people who made bad decisions. (Tue, 18 Dec 2007 14:33:13 GMT)

Fed to hold Tues meeting on mortgage rule change
The Federal Reserve Board said on Friday it has scheduled an open board meeting on December 18 to discuss proposed rule changes on mortgage lending to address unfair and deceptive lending practices. (Tue, 18 Dec 2007 14:46:11 GMT)

Fed staff proposes new mortgage protections
U.S. lenders would have to determine that a borrower can afford a mortgage before making the loan under a Federal Reserve staff proposal on new regulations released on Tuesday. (Tue, 18 Dec 2007 14:47:55 GMT)

Fed endorses home mortgage protections
The Federal Reserve moved Tuesday to protect home buyers from dubious lending practices, its most sweeping response to a mortgage meltdown that has forced record numbers of people from their homes. The Fed has been under attack for not doing more to stem the crisis as hundreds of thousands of people lost the roof over their head. The situation raised the odds the country will fall into ... (Tue, 18 Dec 2007 15:03:16 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. (Tue, 18 Dec 2007 15:23:52 GMT)

Fed Endorses Home Mortgage Protections
The Federal Reserve moved Tuesday to protect home buyers from dubious lending practices, its most sweeping response to a mortgage meltdown that has forced record numbers of people from their homes. The Fed has been under attack for not doing more to... (Tue, 18 Dec 2007 15:35:03 GMT)

Plan OK'd to curb shady home loan practices
The Federal Reserve endorsed new rules today that would give people taking out home mortgages new protections against shady lending practices. (Tue, 18 Dec 2007 15:44:38 GMT)

Plan OK'd to curb shady home loan practices
The Federal Reserve endorsed new rules today that would give people taking out home mortgages new protections against shady lending practices. (Tue, 18 Dec 2007 15:55:52 GMT)

Fed meets to discuss new mortgage protections
The Federal Reserve Board on Tuesday considered new protections for high-cost mortgage borrowers to avoid a repeat of the loose lending standards that have put many Americans at risk of losing their homes. (Tue, 18 Dec 2007 16:06:52 GMT)

White House:Bush Will Sign Mortgage Debt Relief Bill This Week
WASHINGTON -(Dow Jones)- President George W. Bush will sign mortgage-tax relief legislation later this week if it passes the House as expected on Tuesday. (Tue, 18 Dec 2007 16:11:59 GMT)

Fed unveils home-loan protections
WASHINGTON The Federal Reserve endorsed new rules Tuesday that would give people taking out home mortgages new protections against shady lending practices. (Tue, 18 Dec 2007 16:12:41 GMT)

Fed proposes new mortgage protections
The Federal Reserve Board on Tuesday proposed new protections for high-cost mortgage borrowers to avoid a repeat of the loose lending standards that have put many Americans at risk of losing their homes. (Tue, 18 Dec 2007 16:19:22 GMT)

Fed OKs Plan To Curb Shady Home Loan Practices
The Federal Reserve endorsed new rules Tuesday that would give people taking out home mortgages new protections against shady lending practices. The proposed rules, approved in a 5-0 vote by the board, are geared to providing safeguards to the riskiest "subprime" borrowers, already painfully stung by the housing and credit debacles. (Tue, 18 Dec 2007 16:53:23 GMT)

Fed endorses home mortgage plan
The Federal Reserve moved Tuesday to protect home buyers from dubious lending practices, its most sweeping response to a mortgage meltdown that has forced record numbers of people from their homes. The Fed has been under attack for not doing more to stem the crisis as hundreds of thousands of people lost the roof over their head. The situation raised the odds the country will fall into ... (Tue, 18 Dec 2007 16:55:58 GMT)

Fed OKs Plan To Curb Shady Home Loan Practices
The Federal Reserve endorsed new rules Tuesday that would give people taking out home mortgages new protections against shady lending practices. The proposed rules, approved in a 5-0 vote by the board, are geared to providing safeguards to the riskiest "subprime" borrowers, already painfully stung by the housing and credit debacles. (Tue, 18 Dec 2007 17:04:36 GMT)

Fed proposes new rules to clean up mortgage lending
Federal Reserve chairman Ben Bernanke said Tuesday that the central bank was proposing new rules to clean up mortgage lending which are also aimed at protecting home buyers from potential fraud. (Tue, 18 Dec 2007 18:48:45 GMT)

Mortgage woes biggest risk to economy, Paulson says during KC stop
Mortgage problems and their consequent effect on housing markets are “the biggest risk to our economy right now,” U.S. Treasury Secretary Henry Paulson told a Kansas City audience this morning. (Tue, 18 Dec 2007 19:11:14 GMT)

Fed Plan To Protect Home Loan Recipients
The Federal Reserve unveils a plan to reduce shady home lending practices. (Tue, 18 Dec 2007 19:56:49 GMT)

Fed Plan To Protect Home Loan Recipients
The Federal Reserve unveils a plan to reduce shady home lending practices. (Tue, 18 Dec 2007 19:57:03 GMT)

Fed targets mortgage abuse as housing woes mount
A foreclosed house is for sale in Los Angeles. The Federal Reserve proposed tough new rules Tuesday in a broad crackdown on abusive mortgage lending practices almost two years into one of America's worst housing downturns in decades. (Tue, 18 Dec 2007 20:20:46 GMT)

Fed targets mortgage abuse as housing woes mount
The Federal Reserve proposed tough new rules Tuesday in a broad crackdown on abusive mortgage lending practices almost two years into one of America's worst housing downturns in decades. (Tue, 18 Dec 2007 20:28:44 GMT)

Fair housing panel hears mortgage report
STEUBENVILLE — The Fair Housing Practices Commission got its first look at a new home mortgage disclosure act report Monday. The report will cover mortgage lending practices and reinvestment practices by five banks with offices in Steubenville. (Tue, 18 Dec 2007 20:40:24 GMT)

Fed endorses new home mortgage plan
The Federal Reserve moved Tuesday to protect home buyers from dubious lending practices, its most sweeping response to a mortgage meltdown that has forced record numbers of people from their homes. (Tue, 18 Dec 2007 20:56:28 GMT)

Fed endorses home mortgage plan
The Federal Reserve moved Tuesday to protect home buyers from dubious lending practices, its most sweeping response to a mortgage meltdown that has forced record numbers of people from their homes. (Tue, 18 Dec 2007 21:02:47 GMT)

Fed plans revamp of mortgage rules
The Federal Reserve on Tuesday announced an extensive shake-up of US mortgage regulation that it hopes will reduce abuses and pave the way for a revival in the subprime lending industry. (Tue, 18 Dec 2007 21:15:11 GMT)

Fed endorses home mortgage protections
The Federal Reserve moved Tuesday to protect home buyers from dubious lending practices, its most sweeping response to a mortgage meltdown that has forced record numbers of people from their homes. (Tue, 18 Dec 2007 22:44:34 GMT)

Fed proposes mortgage rules to protect borrowers
Lenders will have to confirm that a borrower can afford a mortgage before making a loan under protections proposed by the Federal Reserve on Tuesday, following defaults and losses on U.S. subprime mortgages this year. (Tue, 18 Dec 2007 22:46:10 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, 19 Dec 2007 00:13:34 GMT)

Paulson says mortgage relief plan not a bailout
Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a government-sponsored mortgage relief plan, on Tuesday said it was not a bailout for people who made bad financial decisions. (Wed, 19 Dec 2007 00:41:09 GMT)

Fed Backs New Rules Aimed at Curbing Risky Home Loans
The Federal Reserve proposed new mortgage regulations Tuesday that would help protect home buyers from shady lending practices following losses suffered in the risky "subprime" home loan category. A Wall Street Journal reporter looks at the recent mortgage crisis and how the new Fed rules may prevent future subprime problems. (Wed, 19 Dec 2007 01:31:29 GMT)

Fed proposes new mortgage protections
WASHINGTON (Reuters) - The Federal Reserve Board on Tuesday proposed new protections for high-cost mortgage borrowers to avoid a repeat of the loose lending standards that have put many Americans at risk of losing their homes. (Wed, 19 Dec 2007 02:37:54 GMT)

McCain Sees a Need for Mortgage Aid
Senator John McCain said that he would consider greater federal intervention to limit the fallout of the mortgage crisis if current measures fail. (Wed, 19 Dec 2007 03:40:39 GMT)

Fed board approves mortgage loan rules
WASHINGTON — The Federal Reserve moved Tuesday to protect home buyers from dubious lending practices, its most sweeping response to a mortgage meltdown that has forced record (Wed, 19 Dec 2007 04:04:02 GMT)

Fed plan reins in dicey mortgage policies
The Federal Reserve, criticized for standing aside as risky subprime mortgage lending soared then crashed, did an about-face Tuesday by proposing sweeping new consumer protections. (Wed, 19 Dec 2007 04:32:32 GMT)

Fed's goal: Avoid repeat of mortgage mess
The Federal Reserve unveiled historic changes for the mortgage industry Tuesday, taking aim at the predatory and abusive lending practices that have fueled the foreclosure crisis. (Wed, 19 Dec 2007 05:00:33 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. (Wed, 19 Dec 2007 07:11:03 GMT)

Rise looming in home down payments, loan rates
Metro Denver residents face larger down payments and higher interest rates on their mortgages because home values are declining in the region. (Wed, 19 Dec 2007 07:16:07 GMT)

Fed seeks to curb mortgage abuses
WASHINGTON – The Federal Reserve Board proposed tough new rules Tuesday governing mortgage lending, seeking to clamp down on abusive lending practices that have contributed to the nation's worst housing slump in decades. (Wed, 19 Dec 2007 08:06:05 GMT)

Critics say Fed's plan won't fix mortgage mess
The Federal Reserve on Tuesday proposed new mortgage-lending rules to protect consumers against fraud and deception, but consumer advocates... (Wed, 19 Dec 2007 08:30:09 GMT)

Fed tries to curb excesses in loans
The Federal Reserve moved yesterday to limit mortgage industry practices that led to an explosion in foreclosures, including paying bonuses to brokers for selling loans with higher interest rates and charging penalty fees to borrowers for refinancing at lower rates. (Wed, 19 Dec 2007 08:38:27 GMT)

Fed passes reforms to combat subprime mortgage crisis
The federal regulatory process to fix some of the worst mortgage abuses is now moving ahead with greater speed. (Wed, 19 Dec 2007 09:00:00 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, 19 Dec 2007 09:16:05 GMT)

Paulson says mortgage relief plan not a bailout
KANSAS CITY, Missouri (Reuters) - Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a government-sponsored mortgage relief plan, on Tuesday said it was not a bailout for people who made bad financial decisions. (Wed, 19 Dec 2007 10:15:17 GMT)

Ahead of the Bell: Mortgage Applications
Investors will watch Wednesday for industry data on loan volumes to see if growth in home-loan activity can be sustained despite an increase in mortgage rates. (Wed, 19 Dec 2007 11:29:05 GMT)

Fed backs plan to tighten mortgage standards New regulations aimed at curtailing shady lending practices
WASHINGTON — The Federal Reserve moved Tuesday to protect home buyers from dubious lending practices, its most sweeping response to a mortgage meltdown that has forced record numbers of people (Wed, 19 Dec 2007 12:01:53 GMT)

Mortgage Application Volume Falls
Mortgage application volume plummeted 19.5 percent during the week ending Dec. 14, according to the Mortgage Bankers Association's weekly application survey. (Wed, 19 Dec 2007 12:15:55 GMT)

Week-to-week mortgage applications down 19.5%: MBA
CHICAGO (MarketWatch) -- Applications filed for mortgages decreased a seasonally adjusted 19.5% last week, reflecting a sharp drop in refinancing activity, the Mortgage Bankers Association said Wednesday. (Wed, 19 Dec 2007 12:21:30 GMT)

U.S. MBA's Mortgage Applications Index Fell 20% Last Week
Dec. 19 (Bloomberg) -- Mortgage applications in the U.S. fell last week by the most since 2004 as a jump in interest rates caused purchases and refinancing to decline, a private survey showed. (Wed, 19 Dec 2007 12:27:21 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, 19 Dec 2007 12:52:41 GMT)

Mortgage applications tumble, MBA says
Industry trade group's weekly survey says refinance and purchase volumes also declined sharply. (Wed, 19 Dec 2007 12:55:34 GMT)

Mortgage Loan Application Volume Drops In Latest Week
(RTTNews) - Industry data released Wednesday showed that last week's mortgage loan application volume was down nearly 20% from the previous week. A drop in refinancing activity was a key source of the decline, though purchase activity experienced a sharp decline as well. (Wed, 19 Dec 2007 13:41:16 GMT)

Mortgage applications fell last week: MBA
Applications for home mortgages tumbled last week as short-term interest rates soared and refinancing requests fell back to November levels, an industry group said on Wednesday. (Wed, 19 Dec 2007 16:38:32 GMT)

NEW: O'Fallon homeowners soon may apply for loan
Applications for no-interest loans of up to $5,000 are scheduled to be available Jan. 14 to May 30 to a limited number of O'Fallon homeowners who qualify for O'Fallon's Home Improvement Loan Program. (Wed, 19 Dec 2007 16:49:19 GMT)

Ameriquest Mortgage lawsuit payout to benefit 18,000 Michigan borrowers
LANSING -- More than $14.5 million in restitution checks are being mailed to thousands of mortgage loan borrowers in Michigan as part of a multistate settlement with Ameriquest Mortgage Co. and its related companies. (Wed, 19 Dec 2007 16:52:48 GMT)

Schumer says tighter rules needed for mortgage brokers
WASHINGTON (MarketWatch) -- Mortgage brokers should operate under tighter regulations and states should be allowed to use bonds to refinance subprime loans, Sen. Charles Schumer, D-N.Y., said Wednesday. (Wed, 19 Dec 2007 17:21:42 GMT)

U.S. mortgage applications fall nearly 20%
WASHINGTON – Mortgage applications nationwide plunged nearly 20 percent last week as both purchase and refinance applications fell, according to a report today from the Mortgage Bankers Association. (Wed, 19 Dec 2007 17:51:58 GMT)

Mortgage applications fell last week: MBA
NEW YORK (Reuters) - Applications for home mortgages tumbled last week as short-term interest rates soared and refinancing requests fell back to November levels, an industry group said on... (Wed, 19 Dec 2007 18:12:36 GMT)

Budget cuts: From home loans to coffee
County commissioners passed a $271.5 million general fund budget that cuts a home loan program and a bus route to Warren County. (Wed, 19 Dec 2007 18:13:57 GMT)

Paulson Statement on Passage of Mortgage Debt Forgiveness Bill
Washington, D.C.--The Treasury Department released a statement from Treasury Secretary Henry M. Paulson, Jr. upon passage of legislation that would provide temporary tax relief for homeowners facing increased taxes due to forgiven mortgage debt. (Wed, 19 Dec 2007 18:17:16 GMT)

US mortgage applications fall
Applications for US home mortgages tumbled last week as short-term interest rates soared and refinancing requests fell back to November levels, an industry group has said. (Wed, 19 Dec 2007 19:41:10 GMT)

Mortgage Applications Fall Nearly 20 Percent
(RTTNews) - Mortgage applications, a key indicator of lending conditions, slumped nearly 20 percent last week on the heels of soaring short-term interest rates. (Wed, 19 Dec 2007 19:56:09 GMT)

Edgy buyers, mortgage crunch spell more housing gloom in 2008
CHICAGO (MarketWatch) -- After a year of falling house prices in numerous parts of the country and a meltdown in the mortgage market that affected borrowers regardless of their ZIP code, many hope that housing markets will finally start to get better next year. (Thu, 20 Dec 2007 00:06:40 GMT)

• How To Compute Your Home Equity
A home equity loan is one credit facility, which lets you borrow money using the equity in your property as collateral. The equity refers to the amount of money you've already paid on your mortgage. (Thu, 20 Dec 2007 02:26:57 GMT)

Mortgage meltdown strikes at Morgan Stanley
In a sign Wall Street's troubles are far from over, Morgan Stanley announced a $3.6 billion fourth-quarter loss, driven largely by a $9.4 billion write-down of mortgage-related investments. (Thu, 20 Dec 2007 04:29:07 GMT)

Malaysia's Cagamas in jv with HK Mortgage Corp
KUALA LUMPUR, Dec 20 - Malaysia's national mortgage firm Cagamas Bhd has signed a joint venture with the Hong Kong Mortgage Corporation to develop an international mortgage guarantee business, Cagamas said on Thursday. (Thu, 20 Dec 2007 04:48:35 GMT)

Home loan bank helps 30 projects with $8.9M
Three Pittsburgh-area housing developments are among 30 projects that will share $8.9 million in grants under the Federal Home Loan Bank of Pittsburgh's Affordable Housing Program. (Thu, 20 Dec 2007 05:07:23 GMT)

Home Foreclosures Rise 68% Nationwide, Report Says
U.S. homeowners increasingly failed to keep up with their home loan payments in November, as the number of foreclosure filings surged 68 percent nationwide compared with the same month a year ago, according to a mortgage research company. (Thu, 20 Dec 2007 05:14:58 GMT)

Bill lifts taxes on forgiven mortgage
WASHINGTON -- President Bush will sign a bill today that will help struggling homeowners by no longer requiring them to pay taxes when their lender forgives part of their mortgage. (Thu, 20 Dec 2007 06:20:44 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, 20 Dec 2007 09:17:23 GMT)

Mortgage data points to slowdown
Mortgage lending dropped by 8% in November, providing more evidence of a market slowdown, say lenders. (Thu, 20 Dec 2007 10:42:41 GMT)

New Fannie, Freddie fees boost mortgage cost
You know how the auto insurer raises your premium after an accident? Something similar is happening to mortgage fees. They're getting more expensive for a lot of people. (Thu, 20 Dec 2007 12:36:25 GMT)

Mortgage rates rise just a little
Mortgage rates barely moved this week, taking a respite from the big swings of previous weeks. The benchmark 30-year fixed-rate mortgage rose 4 basis points, to 6.21 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. (Thu, 20 Dec 2007 12:36:36 GMT)

Mortgage lending falls again in November
Mortgage lending fell again in November, the first time in over two years that a monthly figure has come in lower than the previous year. (Thu, 20 Dec 2007 12:53:00 GMT)

Fed Statement on Mortgage Reform
The Federal Reserve Board on Tuesday proposed and asked for public comment on changes to Regulation Z (Truth in Lending) to protect consumers from unfair or deceptive home mortgage lending and advertising practices. The rule, which would be adopted under the Home Ownership and Equity Protection Act (HOEPA), would restrict certain practices and would also require certain mortgage disclosures to ... (Thu, 20 Dec 2007 13:08:42 GMT)

U.K.'s Mortgage Approvals Rise In November - BSA
(RTTNews) - U.K.'s mortgage approvals increased to 4.23 billion pounds in November from 3.65 billion pounds in the October, the Building Societies Association, or BSA, indicated Thursday. (Thu, 20 Dec 2007 13:11:10 GMT)

Federal Home Loan Bank of Indianapolis Announces $4.5 Million in Affordable Housing Grants
INDIANAPOLIS, Dec. 20, 2007 -- Milton J. Miller, President and CEO of the Federal Home Loan Bank of Indianapolis , has announced second round grants totaling $4.5 million under FHLBI's Affordable Housing Program . (Thu, 20 Dec 2007 16:06:59 GMT)

U.S. mortgage rates rise slightly in latest week
Mortgage rates rose slightly this week, with economic and housing data keeping mortgages nearly flat. (Thu, 20 Dec 2007 16:07:46 GMT)

Mortgage rates up slightly
Strong reads on inflation and retail sales led to a slight lift in mortgage rates this week, Freddie Mac reported Thursday. (Thu, 20 Dec 2007 16:10:44 GMT)

Previous 1 2 3 4 5 6 7 8 Next

---

Feb 2012 | Jan 2012 | Dec 2011 | Nov 2011 | Oct 2011 | Sep 2011 | Aug 2011 | Jul 2011 | Jun 2011 | May 2011 | Apr 2011 | Mar 2011 | Feb 2011 | Jan 2011 | Dec 2010 | Nov 2010 | Oct 2010 | Sep 2010 | Aug 2010 | Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010 | Feb 2010 | Jan 2010 | Dec 2009 | Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 2008 | Nov 2008 | 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

online health insurance | realtor | vehicle donation information | long term elder care | pet loss site | skin care | find alternative medicine | here | gift | nightlife guide | online loan finder | cars | real estate builder | wedding service directory | cool UK site | click here | directory of realtors | security home | plastic surgery site | Bankruptcy Guide | accounting site | buy insurance | addiction treatment centers | mortgages | car rental site