Mortgage News Jan 2008

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How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Tue, 01 Jan 2008 00:10:31 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? (Tue, 01 Jan 2008 00:36:37 GMT)

Home Loan Insurers Set Default Mark
Mortgage insurers saw defaults rise to a new monthly record in November, according to data published Monday by an industry trade group. (Tue, 01 Jan 2008 02:54:44 GMT)

Deal reached with mortgage industry for five-year rate freeze
WASHINGTON (AP) - Hundreds of thousands of strapped homeowners could get some relief from a plan negotiated by the Bush administration to freeze interest rates on subprime mortgages that are scheduled to rise in the coming months. (Tue, 01 Jan 2008 03:10:11 GMT)

Record month for mortgage insurer defaults
WASHINGTON -- Mortgage insurers saw defaults rise to a monthly record in November, according to data published Monday by an industry trade group. (Tue, 01 Jan 2008 04:26:15 GMT)

City confronts mortgage crisis
TRENTON -- Mayor Douglas H. Palmer will announce next week the formation of a coalition of nonprofits, faith-based organizations and mortgage lenders to assist city homeowners hit hard by the subprime mortgage crisis. (Tue, 01 Jan 2008 05:13:49 GMT)

Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Tue, 01 Jan 2008 06:21:35 GMT)

Mortgage defaults climb to record level
Mortgage insurers saw defaults rise to a monthly record in November, according to data published Monday by an industry trade group. (Tue, 01 Jan 2008 06:43:02 GMT)

Public Notice - Mortgage Sale - Daniel L. Tiesworth and Jennifer Tiesworth
Notice Of Mortgage Foreclosure Sale THIS FIRM IS A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION WE OBTAIN WILL BE USED FOR THAT PURPOSE. PLEASE CONTACT OUR OFFICE AT THE NUMBER BELOW IF YOU ARE IN ACTIVE MILITARY DUTY. (Tue, 01 Jan 2008 07:00:49 GMT)

Seeking honest home values
Tougher state rules for appraisers take effect today, but inflated appraisals will remain a problem, an expert says. Starting today, the educational requirements for California home appraisers will be tougher, but a veteran property evaluator who teaches how to spot fraud says the rules won't alter how many appraisers do their jobs. (Tue, 01 Jan 2008 08:29:13 GMT)

Mortgage defaults in Nov. hit record
Mortgage insurers saw defaults rise to a new monthly record in November, according to data published yesterday by an industry trade group, adding to evidence the U.S. housing slump is deepening. (Tue, 01 Jan 2008 08:34:41 GMT)

Auto Loan Refinance to Reduce Monthly Payments
(ARA) - If high gas prices coupled with a big monthly car payment have you thinking that it might be time to trade in your truck or SUV, you'll be happy to know there is an alternative. (Tue, 01 Jan 2008 08:51:35 GMT)

Nov. mortgage defaults hit high
Mortgage insurers saw defaults rise to a new monthly record in November, according to data published Monday by an industry trade group. Defaults, defined as loans 60 or more days late, rose in November to more than 61,000 industrywide, up 35 percent from the same month a year earlier, according to the Mortgage Insurance Companies of America. It was the highest monthly number since May 1999, when ... (Tue, 01 Jan 2008 09:25:55 GMT)

L.A. mortgage scam cost lenders $142 million
Two developers and their pals secured loans on homes they allegedly overpriced. Kathy Moore's loan application sailed through the mortgage desk at Lehman Bros. Bank. And little wonder. (Tue, 01 Jan 2008 09:26:05 GMT)

Mortgage defaults hit record, data show
Mortgage insurers saw defaults rise to a new monthly record in November, according to data published Monday by an industry trade group. (Tue, 01 Jan 2008 09:26:41 GMT)

BIZ BRIEFS: Mortgage defaults remain high
Mortgage insurers saw defaults rise to a new monthly record in November, data published by an industry trade group shows. Mortgage insurance companies such as PMI Group Inc. and MGIC Investment Corp. (Tue, 01 Jan 2008 09:36:45 GMT)

Mortgage insurers see defaults hit a new high
WASHINGTON (AP) - Mortgage insurers saw defaults rise to a new monthly record in November, according to data from an industry trade group. (Tue, 01 Jan 2008 09:59:40 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Tue, 01 Jan 2008 10:08:36 GMT)

Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Tue, 01 Jan 2008 10:39:16 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, 01 Jan 2008 10:39:37 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, 01 Jan 2008 10:53:22 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, 01 Jan 2008 10:53:32 GMT)

The Home Buying Process: Step by Step
(ARA) - Buying a home can be a very intimidating process, especially if you've never done it before. So the first thing you should do before you start is to figure out whether owning a home is right for you. (Tue, 01 Jan 2008 11:23:01 GMT)

Auto Loan Refinance = Lower Payments
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Tue, 01 Jan 2008 11:37:41 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. (Tue, 01 Jan 2008 12:52:41 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." (Tue, 01 Jan 2008 12:52:51 GMT)

Fire Destroys Augusta Home
Investigators are trying to determine the cause of a fire that destroyed a home in Augusta. (Tue, 01 Jan 2008 13:05:46 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. (Tue, 01 Jan 2008 13:07:52 GMT)

Refinance Your Auto Loan and Ease a Tight Budget
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from? (Tue, 01 Jan 2008 14:23:36 GMT)

Blaze Rips Through West Side Home
CLEVELAND -- The Red Cross is helping a family after a fire tore through their West 97th Street home on Monday. Neighbors said no one was home at the time and there were no injuries. (Tue, 01 Jan 2008 18:04:02 GMT)

Mortgage insurers feel pinch
WASHINGTON -- Mortgage insurers saw defaults rise to a new monthly record in November, according to data published Monday by an industry trade group. (Tue, 01 Jan 2008 18:24:55 GMT)

Home, consumer loan rates may decline cheaper
The New Year is likely to bring in good news for borrowers as interest rates on home and consumer loans could decline from the second quarter onward, but high fuel and food prices might play spoilsport by putting pressure on inflation, bankers and economists feel. (Tue, 01 Jan 2008 19:07:18 GMT)

Mortgage Probes Face Hurdles
Tangled system of bank regulation makes it tough to prove whether lenders mislead investors. (Tue, 01 Jan 2008 19:23:22 GMT)

Mortgage applications fall to lowest in a year
NEW YORK (Reuters) - U.S. mortgage applications sank last week to the lowest level since the end of last year despite falling borrowing costs, an industry trade group said on Thursday. (Tue, 01 Jan 2008 19:44:59 GMT)

SC homeowners likely to see reductions in mortgage payments
Many South Carolina homeowners should see a refund and a reduction in their monthly mortgage payments once their lenders pay their tax bills this month. (Tue, 01 Jan 2008 19:52:27 GMT)

Fire Damages Placerville Home
A wood stove may have caused a fire that damaged a Placerville home early Tuesday, fire officials say. (Tue, 01 Jan 2008 22:36:16 GMT)

Deal to Buy Mortgage Company Collapses
In a sign of continuing mortgage industry woes, PHH, one of the largest originators of residential home loans, said it is scrapping a planned $1.8 billion sale. (Wed, 02 Jan 2008 00:35:20 GMT)

Paulson: agreement near on effort to freeze mortgage rates
AP Economics Writer 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. (Wed, 02 Jan 2008 01:06:31 GMT)

Deal reached with mortgage industry for five-year rate freeze
WASHINGTON (AP) - Hundreds of thousands of strapped homeowners could get some relief from a plan negotiated by the Bush administration to freeze interest rates on subprime mortgages that are scheduled to rise in the coming months. (Wed, 02 Jan 2008 01:10:12 GMT)

Middle East oil money starts chasing the subprime mortgage back hole - Kuwaiti fund gets sucked in
The subprime mortgage crisis is like a black hole. It is not only sucking in the central bank resources but also country specific resources like Kuwait. Many investors in the world will be sucked into this virtual mortgage back hole over the next several years. (Wed, 02 Jan 2008 02:12:43 GMT)

KC Family Awakes To Gunman In Home
A local family was terrorized inside its own home on New Year's Day. (Wed, 02 Jan 2008 02:58:22 GMT)

Application ? home rent or board?
Application ? home rent or board? (Wed, 02 Jan 2008 03:22:42 GMT)

Centro Properties Group seeks buyers as debt deadline approaches
Beleaguered shopping mall giant Centro Properties Group announced Wednesday it was putting itself up for sale ahead of a Feb. 15 deadline to refinance 3.9 billion Australian dollars (US$3.4 billion; €2.3 billion) in debt. (Wed, 02 Jan 2008 04:56:00 GMT)

Centro Properties Group Seeks Buyers
Beleaguered shopping mall giant Centro Properties Group announced Wednesday it was putting itself up for sale ahead of a Feb. 15 deadline to refinance 3.9 billion Australian dollars in debt. (Wed, 02 Jan 2008 05:09:35 GMT)

Mortgage market development to transform UAE realty prices
EFG Hermes has just published a study of the nascent UAE mortgage market, which points to a ten-fold growth from $4.4bn today to $44bn by 2012. The implications for the development of the real estate markets of the Emirates are enormous both in terms of deepening the market and selling prices. (Wed, 02 Jan 2008 06:34:47 GMT)

Australia's Centro puts itself up for sale
Centro Properties, the second-largest shopping mall owner in Australia and the fifth-biggest in the US, has put itself on the auction block ahead of a February 15 deadline to refinance A$3.9bn of short-term debt. (Wed, 02 Jan 2008 08:00:16 GMT)

Mortgage company's $1.8 billion sale falters
In another sign that troubles within the mortgage industry will continue into 2008, one of the largest originators of residential-home loans... (Wed, 02 Jan 2008 08:13:46 GMT)

New year brings man new home
Bolivar -- Bill Stewart eased into the comfortable recliner and allowed his aging bones to soak up the warmth emanating from a crackling fireplace. A shrill wind whipped leaves outside, warning of another approaching cold front. Thanks to the kindness of many strangers, Stewart, 83, won't spend the winter in the leaky travel trailer he was forced to call home since last summer. He no longer has ... (Wed, 02 Jan 2008 09:04:01 GMT)

Building a better home buyer
Affordable-housing developer South County Housing has launched a campaign to fill its pipeline with qualified home buyers who fall in the low- to moderate-income range - which may mean helping them establish multi-year savings plans or guiding them on how to fix credit problems. (Wed, 02 Jan 2008 10:01:30 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, 02 Jan 2008 10:37:42 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. (Wed, 02 Jan 2008 10:37:52 GMT)

Don't refinance brand-new mortgage
The expense of refinancing makes it a poor option for people with a new mortgage, says Dr. Don Taylor. (Wed, 02 Jan 2008 11:00:00 GMT)

Fire Destroys Home On Mosque Property
DALTON, Ga. -- Fire officials are investigating a "suspicious" Christmas morning blaze that destroyed a vacant home on the property of a mosque in Dalton. (Wed, 02 Jan 2008 11:43:42 GMT)

Centro Properties Group Seeks Buyers
Beleaguered shopping mall giant Centro Properties Group announced Wednesday it was putting itself up for sale ahead of a Feb. 15 deadline to refinance 3.9 billion Australian dollars in debt. (Wed, 02 Jan 2008 11:53:00 GMT)

Centro Puts Itself Up for Sale as Debt Deadline Looms (Update6)
Jan. 2 (Bloomberg) -- Centro Properties Group, the Australian owner of 700 U.S. shopping malls, put itself up for sale before a Feb. 15 deadline to refinance A$3.9 billion ($3.4 billion) of debt. (Wed, 02 Jan 2008 12:29:02 GMT)

Expert: Don Taylor, Ph.D., CFA, CFP
Dear Dr. Don, We just bought a new home at the end of October. We put 20 percent down, which made our loan amount $388,000. Our interest rate is 6.125 percent. We would like to know when it would benefit us to refinance our home. I would like our total payment to be $2,000 a month. (Wed, 02 Jan 2008 12:37:21 GMT)

Centro Properties Group for sale
Centro Properties Group will put itself up for sale ahead of a Feb. 15 deadline to refinance $3.4 billion in debt, the beleaguered Australian shopping mall giant said Wednesday. (Wed, 02 Jan 2008 12:37:54 GMT)

Deal to buy mortgage company collapses
In another sign that troubles within the mortgage industry will continue into 2008, one of the largest originators of residential home loans announced Tuesday that it is scrapping a planned $1.8 billion sale , according to a report in the New York Times. (Wed, 02 Jan 2008 12:38:15 GMT)

Centro to put itself up for sale
Australian property company's stock plunged 89 percent in 2007 after funding expansion in U.S. with mortgage-backed securities. (Wed, 02 Jan 2008 12:40:44 GMT)

Woman Hit By New Year’s Eve Bullet While Sitting In Her Titusville Home
TITUSVILLE, Fla. -- Police blame a dangerous New Year's ritual for a freak injury to a Brevard County woman. Regina Lifton had just toasted in the new year early Tuesday morning, when a bullet crashed through the roof of her Titusville home and hit her in the hand. (Wed, 02 Jan 2008 12:47:00 GMT)

30-year mortgages rates climb
WASHINGTON—Rates on 30-year and one-year mortgages climbed this week, while rates on some other home loans didn't budge. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.17 percent this week. (Wed, 02 Jan 2008 12:47:28 GMT)

Mortgage company deal collapses
In another sign that troubles within the mortgage industry will continue into 2008, one of the largest originators of residential home loans announced Tuesday that it is scrapping a planned $1.8 billion sale, because banks had failed to agree to finance the transaction. (Wed, 02 Jan 2008 12:55:06 GMT)

S.C. Homeowners To Get Mortgage Help
Many South Carolina homeowners should see a reduction in their monthly mortgage payments thanks to a tax refund this month. (Wed, 02 Jan 2008 13:03:34 GMT)

No Takers for PHH Mortgage Firm
One of the country's big mortgage providers says efforts to sell itself have failed. PHH (formerly known as Cendant) is one of the country's top home-loan companies. The private buyout firm Blackstone was planning to buy the company's mortgage business. (Wed, 02 Jan 2008 13:47:45 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. (Wed, 02 Jan 2008 14:09:53 GMT)

The Home Buying Process: Step by Step
(ARA) - Buying a home can be a very intimidating process, especially if you've never done it before. So the first thing you should do before you start is to figure out whether owning a home is right for you. (Wed, 02 Jan 2008 14:10:04 GMT)

National City to lay off 900 in mortgage unit
National City Corp. said Wednesday that it would lay off 900 mortgage staffers as it stops offering mortgages through brokers. (Wed, 02 Jan 2008 15:36:48 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, 02 Jan 2008 16:38:47 GMT)

National City Mortgage to lay off 900
National City Mortgage is shutting down its wholesale mortgage division, which will eliminate 900 positions, National City Corp. announced Wednesday. (Wed, 02 Jan 2008 17:36:42 GMT)

The rankings considered population, job growth, home values, vacancy rates and unemployment rates.
Jennifer McGuire of PrimeLending explains when it's good to use a zero down loan. (Wed, 02 Jan 2008 18:11:13 GMT)

States Launch Mortgage-Broker Tracker
Regulators in seven states on Wednesday launched an Internet-based system to better supervise mortgage brokers, whose regulations vary dramatically by state. (Wed, 02 Jan 2008 18:19:48 GMT)

The problem with the sub-prime mortgage wave
I can vividly remember my days as a Councilmember in City Hall, working with my former colleagues, trying to prevent the sub-prime mortgage crisis from financially crippling our beloved New York City. (Wed, 02 Jan 2008 18:30:30 GMT)

States Announce Plan to Increase Regulation of Mortgage Brokers
Jan. 2 (Bloomberg) -- State bank regulators unveiled a nationwide licensing system for U.S. mortgage brokers, aiming to close a regulatory gap blamed for opening the way to record defaults and foreclosures among subprime borrowers. (Wed, 02 Jan 2008 18:57:21 GMT)

Refinance Now to Avoid your ARM rate Increase
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Wed, 02 Jan 2008 19:07:43 GMT)

Mass. joins mortgage licensing system
The Massachusetts division of banks has joined six other state mortgage regulators in a system that aims to provide professional oversight of mortgage brokers nationwide. (Wed, 02 Jan 2008 19:16:42 GMT)

Mass. joins Internet system for tracking mortgage brokers
Seven states, including Massachusetts, today launched a standardized and mandatory process to more thoroughly license and track tens of thousands of mortgage brokers. The... (Wed, 02 Jan 2008 19:55:58 GMT)

Australian owner of 4 area malls looks for buyers
An Australian real estate company that owns four retail plazas in Central Ohio is seeking buyers as a debt refinancing deadline approaches next month. (Wed, 02 Jan 2008 20:08:38 GMT)

Mass. joins Internet system for tracking mortgage brokers
Massachusetts is one of seven states taking part in a new Internet-based system to better supervise mortgage brokers. (Wed, 02 Jan 2008 20:21:39 GMT)

Deal reached with mortgage industry for five-year rate freeze
WASHINGTON (AP) - Hundreds of thousands of strapped homeowners could get some relief from a plan negotiated by the Bush administration to freeze interest rates on subprime mortgages that are scheduled to rise in the coming months. (Wed, 02 Jan 2008 20:25:56 GMT)

Seven states standardize mortgage broker rules
Seven states on Wednesday launched a standardized and mandatory process to more thoroughly license and track tens of thousands of mortgage brokers. (Wed, 02 Jan 2008 20:31:09 GMT)

National City to cut another 900 mortgage jobs
National City Corp. said Wednesday that it will lay off 900 mortgage staffers as it stops offering mortgages through brokers, though the impact on its local personnel would be "extremely minimal." (Wed, 02 Jan 2008 20:36:46 GMT)

Deal to Buy Mortgage Company Collapses
In a sign of continuing mortgage industry woes, PHH, one of the largest originators of residential home loans, said it is scrapping a planned $1.8 billion sale. . (Wed, 02 Jan 2008 20:37:58 GMT)

University Mall owner on the market
An Australian real estate company that owns University Mall in Davis is seeking buyers as a debt refinancing deadline approaches next month. (Wed, 02 Jan 2008 20:58:11 GMT)

7 states join Internet system for tracking mortgage brokers
Seven states, including Rhode Island, on Wednesday launched a standardized and mandatory process to more thoroughly license and track tens of thousands of mortgage brokers. (Wed, 02 Jan 2008 21:39:44 GMT)

First Advantage buys mortgage credit reporting firm
First Advantage Corp. purchased the assets of CredStar, the mortgage credit reporting business unit of Fiserv Inc. (Wed, 02 Jan 2008 23:07:39 GMT)

Fiserv sells mortgage credit reporting unit
Fiserv Inc. has sold its mortgage credit reporting business unit, CredStar, to First Advantage Corp., a St. Petersburg, Fla., provider of information technology services to the financial industry. (Wed, 02 Jan 2008 23:07:40 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. (Wed, 02 Jan 2008 23:08:33 GMT)

Refinance Your Auto Loan and Ease a Tight Budget
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from? (Thu, 03 Jan 2008 00:37:51 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, 03 Jan 2008 00:38:42 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? (Thu, 03 Jan 2008 00:38:52 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, 03 Jan 2008 00:39:02 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. (Thu, 03 Jan 2008 00:52:41 GMT)

Choosing the correct loan type
Despite the recent calamity in the home-loan arena, home lenders today continue to offer three basic mortgage types: (Thu, 03 Jan 2008 01:06:07 GMT)

Good Samaritans Provide Home for Man Left Homeless in Ice Storm
An elderly Polk County man is out of the cold, thanks to an act of kindness. We’ve been covering Bill Stewart’s story for several months now. You may remember, he bought a mobile home from Dogwood Homes after his burned down during the January ice storm. But Dogwood Homes never delivered it. (Thu, 03 Jan 2008 01:49:25 GMT)

Housing Trust starts loan programs for first-time home buyers
Hoping to reduce the high cost of home ownership for first-time buyers in Silicon Valley, the Housing Trust of Santa Clara County on Wednesday announced two new loan programs for low- and moderate-income residents. (Thu, 03 Jan 2008 02:20:05 GMT)

Housing Trust offers new loan programs for first-time buyers
NEW FIRST-TIME BUYER LOAN PROGRAMS The Housing Trust of Santa Clara County on Wednesday announced two new loan programs with below-market interest rates intended to make home ownership more affordable to low- and moderate-income buyers. (Thu, 03 Jan 2008 02:30:14 GMT)

Deal to Buy Mortgage Company Collapses
In a sign of continuing mortgage industry woes, PHH, one of the largest originators of residential home loans, said it is scrapping a planned $1.8 billion sale. . (Thu, 03 Jan 2008 02:38:56 GMT)

Heads up: Seven states tighten licensing process for mortgage brokers
Seven states have launched a standardized, mandatory process to more thoroughly license and track tens of thousands of mortgage brokers. Mortgage brokers have come under scrutiny as home loan defaults grow and housing market troubles worsen. (Thu, 03 Jan 2008 04:28:06 GMT)

Mortgage lenders now must register
Rhode Island becomes one of seven states to require mortgage brokers not employed by a bank or credit union to register in a national licensing system. (Thu, 03 Jan 2008 04:45:42 GMT)

Congress pressured to provide mortgage aid
WASHINGTON -- With home prices falling and foreclosures rising last year, Congress held dozens of hearings into the mortgage crisis. But it failed to pass any significant legislation to tighten lending rules, crack down on predatory mortgages or help families facing foreclosure. (Thu, 03 Jan 2008 06:19:56 GMT)

Check up on home lending, state says
Fewer than half of last year's applicants for the state's new loan-originator license have fulfilled all the requirements and can now write... (Thu, 03 Jan 2008 08:14:07 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. (Thu, 03 Jan 2008 09:17:21 GMT)

Mortgage broker oversight tightens
Seven states on Wednesday launched a standardized and mandatory process to more thoroughly license and track tens of thousands of mortgage... (Thu, 03 Jan 2008 10:08:44 GMT)

New home loan plans target middle class first-time buyers
Search home sale prices Hoping to reduce the high cost of home ownership for first-time buyers in Silicon Valley, the Housing Trust of Santa Clara County on Wednesday announced two new loan programs for low- and moderate-income residents. (Thu, 03 Jan 2008 10:13:53 GMT)

Housing Trust offers new loan programs for first-time buyers
NEW FIRST-TIME BUYER LOAN PROGRAMS The Housing Trust of Santa Clara County on Wednesday announced two new loan programs with below-market interest rates intended to make home ownership more affordable to low- and moderate-income buyers. (Thu, 03 Jan 2008 10:14:03 GMT)

7 states to track mortgage brokers
Kentucky is helping launch an effort for a standardized, mandatory process to more thoroughly license and track tens of thousands of mortgage brokers. (Thu, 03 Jan 2008 10:26:48 GMT)

Bank warns on mortgage defaults
Mortgage default levels are likely to rise over the next three months, the Bank of England warns. (Thu, 03 Jan 2008 10:31:45 GMT)

• Get the Best Home Mortgage Loan
If you are planning to purchase a home, a home mortgage loan is one of the important things that you need to settle. With lots of lenders who are offering different types of mortgages, home mortgage loan is quite difficult. (Thu, 03 Jan 2008 10:56:57 GMT)

Creative financing might spark home sale
Supply is high and demand is low, especially with tighter loan standards. How to sell? Get creative! (Thu, 03 Jan 2008 11:00:00 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. (Thu, 03 Jan 2008 11:13:54 GMT)

National City to close wholesale-mortgage unit
CLEVELAND - Regional bank National City Corp. said yesterday it is closing its wholesale mortgage division, which offers mortgages through brokers, eliminating 900 jobs. (Thu, 03 Jan 2008 11:33:21 GMT)

Ahead of the Bell: Mortgage Applications
Home-loan data to be released Thursday will show whether activity continued to taper off, a week after new mortgages fell by nearly 8 percent. (Thu, 03 Jan 2008 11:33:43 GMT)

Mortgage applications down 11.6% last week, MBA reports
CHICAGO (MarketWatch) -- Applications filed for mortgages fell a seasonally adjusted 11.6% in the final week of 2007 compared to the prior week as interest rates nudged lower, the Mortgage Bankers Association reported Thursday. (Thu, 03 Jan 2008 12:06:30 GMT)

Mortgage Application Volume Declines
Mortgage application volume declined 11.6 percent during the week ending Dec. 28, according to the trade group Mortgage Bankers Association's weekly application survey. (Thu, 03 Jan 2008 12:16:25 GMT)

Bankrate: Mortgage Rates Tumble on Economic Concerns
Economic worries helped push mortgage rates lower, with the average conforming 30-year fixed mortgage rate now 6.14 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, 03 Jan 2008 12:30:00 GMT)

Eyes on mortgage brokers
WASHINGTON -- Seven states on Wednesday launched a standardized and mandatory process to more thoroughly license and track tens of thousands of mortgage brokers. (Thu, 03 Jan 2008 12:37:46 GMT)

U.S. MBA's Mortgage Applications Index Fell 12% Last Week
Jan. 3 (Bloomberg) -- Mortgage applications in the U.S. fell 12 percent last week as refinancing plunged and purchases dropped to the lowest level in four years. (Thu, 03 Jan 2008 12:42:29 GMT)

NAB home rise to trigger soaring rates
Australian home borrowers are set to be hit with another interest rate rise, as the big banks try to recover soaring costs caused by the global credit crunch. (Thu, 03 Jan 2008 13:13:41 GMT)

Mortgage application volume slips
The Mortgage Bankers Association says last week's mortgage applications fell 11 percent, despite drop in interest rates. (Thu, 03 Jan 2008 13:40:34 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? (Thu, 03 Jan 2008 14:55:36 GMT)

Mortgage Applications Decline Again In Latest Week
(RTTNews) - Industry data released Thursday showed that mortgage application volume fell again during the last full week of 2007, led by a sharp decline in refinancing activity. (Thu, 03 Jan 2008 15:26:59 GMT)

U.S. mortgage rates fall to lowest level in 4 weeks
Mortgage rates fell this week, with the 30-year fixed-rate mortgage dropping to its lowest level in four weeks, Freddie Mac reported on Thursday. (Thu, 03 Jan 2008 15:51:50 GMT)

U.S. mortgage rates lowest in 4 weeks
U.S. mortgage rates have fallen to their lowest levels in four weeks, the Freddie Mac primary market survey reported Thursday. (Thu, 03 Jan 2008 15:56:00 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. (Thu, 03 Jan 2008 16:24:55 GMT)

Fed plan reins in dicey mortgage loans
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. (Thu, 03 Jan 2008 19:28:12 GMT)

Average 30-year mortgage rate hits 4-week low
WASHINGTON -- Rates on 30-year mortgages fell last week to the lowest level in a month as investors found new reasons to worry about a possible recession. (Thu, 03 Jan 2008 20:37:55 GMT)

S&P Downgrades $3.68B in Mortgage CDOs
Standard & Poor's Ratings Services on Thursday downgraded $3.68 billion in investments backed by home loans as mortgage credit quality disintegrates, the ratings agency said Thursday. (Thu, 03 Jan 2008 20:43:07 GMT)

Federal Home Loan Bank of Boston Implements Leading Collateral Management Solution from Rockall Technologies
BOSTON----Rockall Technologies today announced that the Federal Home Loan Bank of Boston has implemented their liquid and loan book collateral tracking system for its member portfolios. (Thu, 03 Jan 2008 20:48:00 GMT)

Federal Home Loan Bank of Boston Implements Leading Collateral Management Solution from Rockall Technologies
Rockall Technologies today announced that the Federal Home Loan Bank of Boston (FHLB) has implemented (Thu, 03 Jan 2008 20:58:38 GMT)

Sector Glance: Mortgage Insurance
Shares of mortgage insurers closed lower Thursday after a decline in an index measuring the volume of mortgage applications offered little hope for a recovery in the housing market. (Thu, 03 Jan 2008 21:09:14 GMT)

Australia's NAB to raise variable home loan rate
SYDNEY, Jan 4 - National Australia Bank Ltd , Australia's top lender by assets, will increase its standard variable home loan rate by 0.12 percent points a NAB spokeswoman said on Friday. (Thu, 03 Jan 2008 21:13:27 GMT)

Australia's NAB to raise variable home loan rate
SYDNEY, Jan 4 (Reuters) - National Australia Bank Ltd NAB.AX (NAB), Australia's top lender by assets, will increase its standard variable home loan rate by 0.12 percent points a NAB spokeswoman said on Friday. (Thu, 03 Jan 2008 21:14:33 GMT)

Federal Home Loan Bank of Boston Implements Leading Collateral Management Solution from Rockall Technologies
Rockall Technologies today announced that the Federal Home Loan Bank of Boston (FHLB) has implemented their liquid and loan book collateral tracking system for its member portfolios. The solution provides an automated, proactive approach to managing processes, controls and reporting associated with the management and valuation of liquid and loan book collateral. (Thu, 03 Jan 2008 21:15:51 GMT)

Find Out If Your Car Can Run On E85
Check out articles from experts and mortgage calculators to help you decide if refinancing your mortgage is the right move. You can also complete a simple, secure online request and get loan offers online. (Thu, 03 Jan 2008 21:43:32 GMT)

American Home Under Fire Over Loan Files
American Home Mortgage Investment Corp.'s plan to destroy 490,000 hardcopy mortgage loan files has drawn fire from federal bankruptcy monitors, who say it could hurt homeowners' ability to sue the failed lender. (Thu, 03 Jan 2008 22:00:23 GMT)

UPDATE 1-Australia's NAB to raise variable home loan rate
SYDNEY, Jan 4 (Reuters) - National Australia Bank Ltd NAB.AX (NAB), Australia's top lender by assets, has taken the unusual decision to raise home loan rates out of step with a central bank rate move, in response to higher borrowing costs. (Thu, 03 Jan 2008 22:50:34 GMT)

NAB to raise variable home loan rate
National Australia Bank Ltd (NAB), Australia's top lender by assets, will increase its standard variable home loan rate by 0.12 per cent points, a NAB spokeswoman said today. (Thu, 03 Jan 2008 22:56:02 GMT)

Regulators Intensify Mortgage Inquiry
The securities industry's self-policing organization has sent a detailed request for data and documents to more than a dozen Wall Street investment firms as part of an inquiry into sales of complicated mortgage products to senior citizens. (Fri, 04 Jan 2008 00:36:50 GMT)

Mortgage originators may face penalties, state regulators say
Mortgage originators who failed to get their new licenses may face much stiffer penalties if they continue to work, state regulators warned this week. (Fri, 04 Jan 2008 04:07:01 GMT)

McFadden-Weaver takes steps to appeal mortgage fraud convictions
Former Kansas City Councilwoman Saundra McFadden-Weaver has taken the first step to fight her mortgage fraud convictions in the federal appeals courts. (Fri, 04 Jan 2008 05:00:51 GMT)

Mortgage originators may face penalties, state regulators say
Mortgage originators who failed to get their new licenses may face much stiffer penalties if they continue to work, state regulators warned this week. (Fri, 04 Jan 2008 08:40:59 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, 04 Jan 2008 09:16:25 GMT)

Mortgage approvals still falling
New mortgage approvals for home buying have fallen again in November, the Bank of England says. (Fri, 04 Jan 2008 10:02:02 GMT)

U.K. Mortgage Approvals Fall to a Three-Year Low (Update1)
Jan. 4 (Bloomberg) -- U.K. mortgage approvals fell to a three-year low in November, a sign demand from homebuyers is waning as banks provide less access to credit. (Fri, 04 Jan 2008 10:08:44 GMT)

Mortgage rates fall to lowest level in a month
WASHINGTON -- Rates on 30-year mortgages fell last week to the lowest level in a month as investors found new reasons to worry about a possible recession. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.07 percent this week. (Fri, 04 Jan 2008 10:18:01 GMT)

Australia Bond Risk Rises to Record as Banks Lift Mortgage Rate
Jan. 4 (Bloomberg) -- The risk of Australian companies defaulting rose to a record after two of the nation's biggest banks increased mortgage rates because of higher funding costs. (Fri, 04 Jan 2008 11:14:02 GMT)

Australia Bond Risk Rises to Record as Banks Lift Mortgage Rate
Jan. 4 (Bloomberg) -- The risk of Australian companies defaulting rose to a record after two of the nation's biggest banks increased mortgage rates because of higher funding costs. (Fri, 04 Jan 2008 11:20:17 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. (Fri, 04 Jan 2008 11:21:55 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, 04 Jan 2008 11:22:07 GMT)

2007 bankruptcy filings jump as mortgage, debt crises grow
WASHINGTON -- U.S. personal bankruptcy filings jumped 40 percent in 2007 because of rising mortgage payments, job losses and other financial pressures. (Fri, 04 Jan 2008 11:25:55 GMT)

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