Mortgage News Jan 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

House subprime mortgage bill on right track: expert
NEW ORLEANS (MarketWatch) -- The sweeping bill passed last month by House lawmakers will weed out abusive practices in the subprime mortgage sector but should allow legal subprime lending to flourish, according to a leading expert on the sector. (Tue, 08 Jan 2008 21:37:00 GMT)

Mortgage rates dip below 6 percent
Mortgage rates have, on average, reached their lowest levels nationally since 2005, according to Fannie Mae. (Tue, 08 Jan 2008 22:07:41 GMT)

Refinance Your Adjustable Rates Today
(ARA) - As the old saying goes "a man's home is his castle." The benefits of owning a home are many, including financial security. While a home mortgage is good for your financial stability, refinancing for a better mortgage than you originally qualified for can benefit your finances even more. (Tue, 08 Jan 2008 23:40:54 GMT)

Citi Shakes Up Its Residential Mortgage Business
Badly bruised by the sharp downturn in the housing market, Citigroup is bringing together all of its mortgage-related activities under one roof. (Wed, 09 Jan 2008 01:40:05 GMT)

Citigroup Combining Mortgage Operations Into One Unit
Badly bruised by the sharp downturn in the housing market, Citigroup is bringing its mortgage-related activities under one roof. (Wed, 09 Jan 2008 02:11:19 GMT)

Paulson Says U.S. May Expand Mortgage Aid
The Treasury secretary said the administration was in talks with the mortgage industry to expand a program that freezes adjustable rate mortgages for 5 years to include borrowers of loans at prime rates. (Wed, 09 Jan 2008 04:39:26 GMT)

More Mortgage Relief Possible, Paulson Says
Treasury Secretary Henry Paulson said Tuesday the Bush administration is exploring what would be a significant expansion of the program to help at-risk mortgage holders. (Wed, 09 Jan 2008 05:14:24 GMT)

CBA increases home loan rates
THE Commonwealth Bank of Australia has increased its home loan interest rates, citing an increase in wholesale funding costs in financial markets. (Wed, 09 Jan 2008 06:19:00 GMT)

Commonwealth Bank raises home loan rates
The Commonwealth Bank of Australia has increased its standard variable rate on home loans, citing an increase in wholesale funding costs in financial markets. (Wed, 09 Jan 2008 06:40:13 GMT)

Commonwealth Bank raises home loan rates
The Commonwealth Bank of Australia has increased its standard variable rate on home loans, citing an increase in wholesale funding costs in financial markets. (Wed, 09 Jan 2008 06:40:13 GMT)

Commonwealth Bank lifts home loan rates
The Commonwealth Bank has become the third bank to announce it is lifting its home loan rates as a result of the global credit crisis. (Wed, 09 Jan 2008 07:00:00 GMT)

Commonwealth Bank lifts home loan rates
The Commonwealth Bank has become the third bank to announce it is lifting its home loan rates as a result of the global credit crisis. (Wed, 09 Jan 2008 07:00:00 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, 09 Jan 2008 09:07:51 GMT)

Refinance Now to Avoid your ARM rate Increase
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Wed, 09 Jan 2008 11:07:12 GMT)

Fraud fuels mortgage crisis
ATLANTA -- Skyrocketing foreclosure rates are a testament to how easy it was to borrow from mortgage lenders in recent years. It also may have been easy to steal from them, judging by a multimillion-dollar fraud scheme that federal prosecutors unraveled in Atlanta. (Wed, 09 Jan 2008 11:11:40 GMT)

Ahead of the Bell: Mortgage Applications
Home-loan data to be released Wednesday will show whether activity continued to taper off last week. The Mortgage Bankers Association will report its index of home-loan application volume at 7 a.m. (Wed, 09 Jan 2008 11:21:05 GMT)

Countrywide says mortgage lending stabilizes
Countrywide Financial Corp said on Wednesday it funded $23.4 billion of mortgage loans in December, up 1 percent from November, and that lending activity for the quarter topped its forecast. (Wed, 09 Jan 2008 12:11:04 GMT)

Mortgage Application Volume Skyrockets
Mortgage application volume skyrocketed 32.2 percent during the holiday shortened week ending Jan. 4, ending three consecutive weeks of sharp declines, according to the Mortgage Bankers Association's weekly application survey. (Wed, 09 Jan 2008 12:29:49 GMT)

Mortgage applications up 32.2% week to week, MBA says
CHICAGO (MarketWatch) -- Applications for mortgages jumped a seasonally adjusted 32.2% in the week ended Jan. 4 compared with the week before, due largely to a sharp increase in refinancing filings, the Mortgage Bankers Association reported Wednesday. (Wed, 09 Jan 2008 12:36:33 GMT)

Paulson Says U.S. May Expand Mortgage Aid
The Treasury secretary said the administration was in talks with the mortgage industry to expand a program that freezes adjustable rate mortgages for five years to include borrowers of loans at prime rates. (Wed, 09 Jan 2008 12:39:57 GMT)

U.S. MBA's Mortgage Applications Index Surged 32% Last Week
Jan. 9 (Bloomberg) -- Mortgage applications in the U.S. jumped last week, led by a surge in refinancing as long-term interest rates fell to the lowest level in two years. (Wed, 09 Jan 2008 12:42:31 GMT)

Mortgage applications up last week
Mortgage Bankers Association's index says number of new requests for home loans soared 32.2% during the shortened holiday week. (Wed, 09 Jan 2008 12:55:34 GMT)

Countrywide's loan fundings edge higher
Nation's largest home lender says December loan fundings increased 1%; stock bounces after tanking in previous session on bankruptcy rumors. (Wed, 09 Jan 2008 13:10:34 GMT)

E-Trade Sells $3B Mortgage-Backed Debt
Troubled discount brokerage E-Trade Financial Corp. said Wednesday it sold about $3 billion of mortgage-backed securities and municipal bonds in addition to the November sale of its $3 billion asset-backed securities portfolio. (Wed, 09 Jan 2008 13:20:45 GMT)

E-Trade Sells $3B Mortgage-Backed Debt
Troubled discount brokerage E-Trade Financial Corp. said Wednesday it sold about $3 billion of mortgage-backed securities and municipal bonds in addition to the November sale of its $3 billion asset-backed securities portfolio. (Wed, 09 Jan 2008 13:30:51 GMT)

Paulson Says U.S. May Expand Mortgage Aid
The Treasury secretary said the administration was in talks with the mortgage industry to expand a program that freezes adjustable rate mortgages for five years to include borrowers of loans at prime rates. (Wed, 09 Jan 2008 13:40:26 GMT)

Mortgage rates lowest since 2005, refinancing jumps
Applications for home mortgages jumped to their highest level in a month last week as concerns about recession pushed interest rates to their lowest in more than two years, an industry group said Wednesday. (Wed, 09 Jan 2008 13:50:24 GMT)

Mortgage refinancing applications increase
Applications for mortgage refinancing climbed 53.9 percent last week as fixed interest rates continued to fall, the Mortgage Bankers Association reported this morning. (Wed, 09 Jan 2008 13:54:38 GMT)

Mortgage Loan Volume Rebounded Last Week
(RTTNews) - Industry data released on Wednesday showed a sharp rebound in mortgage application volume last week. Lower rates helped drive a substantial increase in refinancing activity, as the mortgage market bounced back from weeks of notable declines. (Wed, 09 Jan 2008 14:11:15 GMT)

Mortgage applications surge as rates hit 2-year low
REFINANCING applications rose 53.9% last week, and purchase applications rose 14.7%, as the average interest rate on a 30-year fixed-rate mortgage fell to 5.73%. (Wed, 09 Jan 2008 15:21:58 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, 09 Jan 2008 15:23:11 GMT)

Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen. (Wed, 09 Jan 2008 15:23:22 GMT)

E*Trade Sells $3 Billion of Mortgage, Municipal Bonds (Update4)
Jan. 9 (Bloomberg) -- E*Trade Financial Corp., the worst performer in the Standard & Poor's 500 Index last year, sold $3 billion of mortgage-backed securities and municipal bonds to bolster its finances. (Wed, 09 Jan 2008 16:28:18 GMT)

Mortgage giant hit by sub-prime
Shares in US mortgage giant Countrywide fall again as it reports a 44% drop in December loan volumes. (Wed, 09 Jan 2008 16:51:54 GMT)

Mortgage giant hit by sub-prime
Shares in US mortgage giant Countrywide fall again as it reports a 44% drop in December loan volumes. (Wed, 09 Jan 2008 16:57:54 GMT)

Countrywide Home Loan Delinquencies Rise
Countrywide Financial Corp.'s shares tumbled for the second day Wednesday after the nation's largest mortgage lender said the delinquency and foreclosure rate of home loans in its portfolio surged in December. The news drove shares down more than 15... (Wed, 09 Jan 2008 17:35:16 GMT)

Countrywide's home loan delinquencies surge
Countrywide Financial Corp.'s shares tumbled for the second day Wednesday after the nation's largest mortgage lender said the delinquency and foreclosure rate of home loans in its portfolio surged in December. The news drove Countrywide shares down almost 10 percent in midday trading. Shares slipped 54 cents to $4.93. The drop followed a loss of $2.17, or 28.4 percent, on Tuesday. (Wed, 09 Jan 2008 17:45:00 GMT)

Countrywide's home loan delinquencies surge, stock drops
Countrywide Financial Corp. says the delinquency and foreclosure rate of home loans in its portfolio surged in December. The news on Wednesday drove shares of the nation's largest mortgage lender down more than 8 percent in early trading. (Wed, 09 Jan 2008 17:47:05 GMT)

E*Trade Sells $3 Billion of Mortgage, Municipal Bonds (Update5)
Jan. 9 (Bloomberg) -- E*Trade Financial Corp., the worst performer in the Standard & Poor's 500 Index last year, sold $3 billion of mortgage-backed securities and municipal bonds to raise capital after its biggest quarterly loss since 2002. (Wed, 09 Jan 2008 18:42:27 GMT)

Countrywide home loan delinquencies rise
Countrywide Financial Corp.'s shares tumbled for the second day Wednesday after the nation's largest mortgage lender said the delinquency and foreclosure rate of home loans in its portfolio surged in December. (Wed, 09 Jan 2008 18:51:42 GMT)

Mortgage rates fall to two-year low
Posted: 12:16 PM- Mortgage rates nationwide have fallen to two-year lows, making it easier for some to buy a home or refinance, a new report shows. (Wed, 09 Jan 2008 19:23:05 GMT)

State reaches $105,000 settlement with mortgage company
The Kentucky Office of Financial Institutions has reached a $105,000 settlement with Nationstar Mortgage LLC. (Wed, 09 Jan 2008 20:04:19 GMT)

Citigroup Combining Mortgage Operations Into One Unit
Badly bruised by the sharp downturn in the housing market, Citigroup is bringing its mortgage-related activities under one roof. (Wed, 09 Jan 2008 20:39:00 GMT)

Mortgage lenders, insurers slammed by delinquency concerns
SAN FRANCISCO (MarketWatch) -- Shares of mortgage lenders and mortgage insurers slumped on Wednesday amid concern about rising home loan delinquencies. (Wed, 09 Jan 2008 21:07:15 GMT)

Countrywide home loan delinquencies rise
Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for the nation's largest mortgage lender and for the entire mortgage sector. The company also reported that it had funded $23.5 billion in loans in ... (Wed, 09 Jan 2008 21:26:08 GMT)

E*Trade Sells $3 Billion of Mortgage, Municipal Bonds (Update6)
Jan. 9 (Bloomberg) -- E*Trade Financial Corp., the worst performer in the Standard & Poor's 500 Index last year, sold $3 billion of mortgage-backed securities and municipal bonds to raise capital after its biggest quarterly loss since 2002. (Wed, 09 Jan 2008 21:43:00 GMT)

Countrywide Home Loan Delinquencies Rise
LOS ANGELES (AP) - Countrywide Financial Corp.'s shares tumbled for the second day Wednesday after the nation's largest mortgage lender said the delinquency and foreclosure rate of home loans in its portfolio surged in December. (Wed, 09 Jan 2008 22:09:46 GMT)

Bankrate: Mortgage rates lowest since Sept. 2005
Economic worries continue to lead to lower mortgage rates, with the average conforming 30-year fixed mortgage rate now 5.88 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. (Wed, 09 Jan 2008 22:18:00 GMT)

Mortgage refinancing applications rose 53.9% last week
Applications for mortgage refinancings climbed 53.9 percent last week as fixed interest rates continued to fall, the Mortgage Bankers Association reported today. (Wed, 09 Jan 2008 22:18:02 GMT)

Countrywide's home loan delinquencies surge, stock drops
LOS ANGELES - Countrywide Financial Corp., its stock pummeled this week by rumours of bankruptcy and lacklustre housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signalling worsening trouble for the largest U.S. mortgage lender and for the entire mortgage sector. (Wed, 09 Jan 2008 22:23:00 GMT)

Countrywide home loan delinquencies rise
Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for the nation's largest mortgage lender and for the entire mortgage sector. (Wed, 09 Jan 2008 22:37:36 GMT)

Countrywide home loan delinquencies rise
LOS ANGELES (AP) – Countrywide Financial Corp. said Wednesday the percentage of borrowers who missed payments on home loans last month rose. (Thu, 10 Jan 2008 00:55:41 GMT)

CitiMortgage's Beckmann to lead Citigroup mortgage consolidation
Citigroup, the parent company of CitiMortgage Inc., plans to consolidate its U.S. residential mortgage business, combining origination, servicing and capital markets activities. Leading the group will be Bill Beckmann, the current president of CitiMortgage, according to Citigroup spokesman Michael Hanretta. Beckmann moved to the St. Louis area in 2006 to lead CitiMortgage, which has its ... (Thu, 10 Jan 2008 02:48:14 GMT)

Citigroup Combining Mortgage Operations Into One Unit
Badly bruised by the sharp downturn in the housing market, Citigroup is bringing its mortgage-related activities under one roof. (Thu, 10 Jan 2008 04:40:56 GMT)

Countrywide's home loan delinquencies surge, stock drops
LOS ANGELES - Countrywide Financial Corp.'s shares tumbled for the second day Wednesday after the nation's largest mortgage lender said the delinquency and foreclosure rate of home loans in its portfolio surged in December. (Thu, 10 Jan 2008 06:02:55 GMT)

Mortgage refinancing applications increase
Applications for mortgage refinancing climbed 53.9 percent last week as fixed interest rates continued to fall, the Mortgage Bankers Association reported this morning. (Thu, 10 Jan 2008 06:06:54 GMT)

Home refinancing gains local appeal
While some local real estate brokers report an increase in home loan refinancing to get lower interest rates, others have indicated they expect a surge only in the number of people purchasing property. (Thu, 10 Jan 2008 06:12:21 GMT)

SBA may extend deadline for using home loan funds
The Small Business Administration is encouraging people who received federal home loans after the 2005 hurricanes to contact their SBA caseworkers if the long wait for their Road Home money is preventing them from putting their borrowed funds to use. (Thu, 10 Jan 2008 06:38:54 GMT)

The Best Mortgage Moves In A Slowing Housing Market
Given the recent changes in the mortgage and housing markets, many current and potential homeowners are asking themselves the question of what to do next in regards to their home financing situation. (Thu, 10 Jan 2008 06:49:03 GMT)

Judge OKs loan for bankrupt home builder Levitt and Sons.
A bankruptcy judge on Wednesday tentatively approved a loan to Fort Lauderdale-based Levitt and Sons that would allow the beleaguered builder to keep operating on a limited basis for up to 23 months. (Thu, 10 Jan 2008 08:23:59 GMT)

Countrywide home loan delinquencies rise
Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for the nation's largest mortgage lender and for the entire mortgage sector. (Thu, 10 Jan 2008 08:44:27 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, 10 Jan 2008 09:16:26 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, 10 Jan 2008 09:16:35 GMT)

Applications to refinance soar in week
Applications for mortgage refinancings climbed 53.9 percent last week as fixed interest rates continued to fall, the Mortgage Bankers Association reported yesterday. (Thu, 10 Jan 2008 09:24:21 GMT)

Big mortgage lender's shares drop a 2d day
LOS ANGELES - Countrywide Financial Corp.'s shares tumbled for the second day yesterday after the nation's largest mortgage lender said the delinquency and foreclosure rate on home loans in its portfolio surged in December. (Thu, 10 Jan 2008 09:25:42 GMT)

Mortgage applications up 32 percent
Mortgage applications are soaring, led by a surge in refinancing as long-term interest rates fall to the lowest level in two years. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan rose 32% last week, the biggest gain since January 2001. (Thu, 10 Jan 2008 09:46:55 GMT)

Tap home equity instead of refinancing
A couple with a great mortgage rate may want to consider a home equity product instead of refinancing, says Dr. Don Taylor. (Thu, 10 Jan 2008 11:00:00 GMT)

Mortgage rates plunge to two-year low
Mortgage rates hit their lowest point since September 2005, according to Bankrate.com's weekly national survey. (Thu, 10 Jan 2008 11:00:00 GMT)

Citigroup restructures home mortgage biz
Indian-born Citigroup CEO Vikram Pandit has formed a US residential mortgage business by combining separate units within group's consumer and investment bank. (Thu, 10 Jan 2008 11:34:10 GMT)

Mortgage broker John Charcol up for sale
The private equity-backed mortgage broker John Charcol has confirmed it is up for sale, after receiving approaches following a record year of business during 2007. (Thu, 10 Jan 2008 11:38:24 GMT)

Congress Votes To Extend Federal Tax Deduction For Mortgage Insurance Premiums Through 2010
Congress has extended the federal tax deduction allowing homeowners with low down payment mortgages to deduct the cost of their government or private mortgage insurance premiums for three more years (Thu, 10 Jan 2008 12:35:26 GMT)

St George lifts home loan rates
AFTER much speculation, the nation's fifth largest bank St George, has lifted its variable home loan rates by 0.20 per cent per annum. (Thu, 10 Jan 2008 13:00:00 GMT)

SBA may extend deadline for using home loan funds
Associated Press - January 10, 2008 9:54 AM ET NEW ORLEANS (AP) - The Small Business Administration is encouraging people who received federal home loans after the 2005 hurricanes to contact... (Thu, 10 Jan 2008 15:01:02 GMT)

Prudential Mortgage Capital Closes $31 Million Loan for the Best Western Hacienda Old Town
SAN DIEGO----Prudential Mortgage Capital Company announced today that it has closed a $31 million refinancing loan on behalf of its conduit account for the Best Western Hacienda Old Town in San Diego, Calif. (Thu, 10 Jan 2008 16:02:00 GMT)

Mortgage rates drop on weak reports
Weak economic reports have led to a drop in U.S. mortgage rates, the Freddie Mac market survey reported Thursday. (Thu, 10 Jan 2008 16:10:52 GMT)

Mortgage rates sink on weak economic data
Mortgage rates dropped this week on weak economic data, sending refinancing activity higher, Freddie Mac reported Thursday. (Thu, 10 Jan 2008 16:25:44 GMT)

Rate on 30-year fixed mortgage at lowest in more than two years
Weak economic conditions pressured U.S. mortgage rates this week, with the 30-year fixed-rate mortgage falling to its lowest level since September 2005. (Thu, 10 Jan 2008 16:32:31 GMT)

Mortgage Rates Fall Below 6 Percent Mark
Rising worries about a weak economy pushed rates on 30-year mortgages below the 6 percent mark for only the second time in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.87... (Thu, 10 Jan 2008 16:39:31 GMT)

Mortgage rates dip below 6%
WASHINGTON -- Rising worries about a weak economy pushed rates on 30-year mortgages below the 6 percent mark for only the second time in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.87 percent this week. That was down from 6.07 percent last week. (Thu, 10 Jan 2008 16:47:04 GMT)

The Mortgage Crisis Is One of Confidence
The current mortgage crisis will probably enter the U.S. record book as the second-worst in the past 100 years. (Thu, 10 Jan 2008 17:15:56 GMT)

SBA may extend deadline for using home loan funds
The Small Business Administration is encouraging people who received federal home loans after the 2005 hurricanes to contact their SBA caseworkers if the long wait for their Road Home money is preventing them from putting their borrowed funds to use. (Thu, 10 Jan 2008 17:28:53 GMT)

MORTGAGES: Rate On 30-Year Fixed Mortgage At Lowest In More Than Two Years
CHICAGO (Dow Jones) -- Weak economic conditions, as borne out by recent indicators, caused mortgage rates to drop this week, with the 30-year fixed-rate mortgage falling to its lowest level since September 2005, Freddie Mac reported Thursday. (Thu, 10 Jan 2008 17:53:29 GMT)

Mortgage Rates Fall to Two-Year Lows
Unfortunately, not everyone who wants to buy a home or refinance can qualify. (Thu, 10 Jan 2008 18:53:25 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. (Thu, 10 Jan 2008 19:01:02 GMT)

Dem candidates discuss help for families stressed by mortgage woes
Minnesota's competing Democratic U.S. Senate and 3rd District candidates this morning gathered in Brooklyn Center to say they agree that too many families have been impacted by the nation's mortgage crisis and more must be done to help them. (Thu, 10 Jan 2008 19:25:08 GMT)

Westpac joins ANZ in lifting mortgage rates
Westpac is the second major bank to lift mortgage rates, as the impact of the worldwide credit crunch hits this country. (Thu, 10 Jan 2008 20:02:09 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. (Thu, 10 Jan 2008 20:17:30 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Thu, 10 Jan 2008 20:26:49 GMT)

Sector Wrap: Mortgage Lenders
Shares of mortgage lenders spiked Thursday following a report that Bank of America Corp. is negotiating to buy Countrywide Financial Corp. (Thu, 10 Jan 2008 21:14:24 GMT)

30-year fixed mortgage rates fall again
The 30-year fixed mortgage rate fell below 6 percent today for the second time in five weeks, but economists don't expect the drop to turn the housing market around. (Thu, 10 Jan 2008 22:56:57 GMT)

Economy - Thursday
A weak jobs report and other signs of a flagging economy sent mortgage rates lower this week and triggered refinancing activity, Freddie Mac said. The 30-year fixed mortgage rate tumbled 20 basis points to 5.87%, the lowest in over two years. The 15-year fixed-rate loans fell 25 basis points to 5.43%. Five-year adjustable-rate mortgages fell to 5.63% from 5.78%, while the one-year ... (Thu, 10 Jan 2008 23:43:18 GMT)

Bank holds rates as mortgage data emerge
The Bank of England left interest rates unchanged at 5.5 per cent on Thursday, as fresh evidence emerged that mortgage borrowers are not yet getting the full benefit of December's quarter-point cut. (Fri, 11 Jan 2008 01:30:11 GMT)

Feds May Expand Mortgage Help Program
WASHINGTON -- Treasury Secretary Henry Paulson said Tuesday the administration was exploring what would be a significant expansion of the program to help at-risk mortgage holders. (Fri, 11 Jan 2008 01:42:22 GMT)

Countrywide Home Loan Delinquencies Rise
LOS ANGELES -- Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for the nation's largest mortgage lender and for the entire mortgage sector. (Fri, 11 Jan 2008 01:46:44 GMT)

Commonwealth Bank lifts home loan interest rate
Commonwealth Bank has announced that as a result of increased wholesale funding costs in financial markets it will lift interest rates on its variable home loan by 0.10% per annum to 8.67% per annum. (Fri, 11 Jan 2008 02:20:08 GMT)

Misery Continues for Big Mortgage Players
Talks of a Countrywide buyout may have bolstered mortgage stocks on Jan. 10, but one big deal won't cure the sector's ills (Fri, 11 Jan 2008 04:23:51 GMT)

Buyout could save struggling mortgage lender
WASHINGTON -- A buyout of hobbled mortgage lender Countrywide Financial likely would be approved by regulators, analysts say, because otherwise the company could file for bankruptcy, injecting further uncertainty into the home-loan market. (Fri, 11 Jan 2008 04:32:31 GMT)

Up goes Bank SA variable loan rate
Bank SA, a part of the St George banking group, has lifted its variable home loan rate by 0.2 per cent. (Fri, 11 Jan 2008 04:34:00 GMT)

Up goes Bank SA variable loan rate
Bank SA, a part of the St George banking group, has lifted its variable home loan rate by 0.2 per cent. (Fri, 11 Jan 2008 04:34:00 GMT)

St George lifts variable home loan rates
After much speculation, the nation’s fifth largest bank St George, has lifted its variable home loan rates by 0.20 per cent per annum. As a result the St George standard variable rate will increase from 8.57 per cent pa to 8.77 per cent per annum. (Fri, 11 Jan 2008 04:39:51 GMT)

St George lifts variable home loan rates
After much speculation, the nation's fifth largest bank St George, has lifted its variable home loan rates by 0.20 per cent per annum. As a result, the St George standard variable rate will increase from 8.57 per cent pa to 8.77 per cent per annum. (Fri, 11 Jan 2008 04:40:18 GMT)

St George, Westpac lift home loan rates
St George and Westpac have become the latest major banks to lift their home loan rates due to the global squeeze on credit, which is putting higher costs on banks. (Fri, 11 Jan 2008 04:46:10 GMT)

Mortgage job losses topped 86,000 in 2007: study
NEW YORK (Reuters) - Countrywide Financial Corp (CFC.N), New Century Financial Corp (NEWCQ.PK) and other mortgage lenders cut 86,071 jobs last year as the U.S. housing market deteriorated, data released Monday show. (Fri, 11 Jan 2008 04:51:19 GMT)

Countrywide Home Loan Delinquencies Rise
LOS ANGELES -- Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for the nation's largest mortgage lender and for the entire mortgage sector. (Fri, 11 Jan 2008 04:54:31 GMT)

Judge OKs loan for bankrupt home builder Levitt and Sons.
A bankruptcy judge on Wednesday tentatively approved a loan to Fort Lauderdale-based Levitt and Sons that would allow the beleaguered builder to keep operating on a limited basis for up to 23 months. (Fri, 11 Jan 2008 05:59:16 GMT)

Merrill Lynch to Take $15 Billion Mortgage Writedown, NYT Says
Jan. 11 (Bloomberg) -- Merrill Lynch & Co., the third- largest U.S. securities firm, may take a $15 billion writedown related to mortgage investments, almost twice its original estimate, the New York Times reported, citing people briefed on the plan. (Fri, 11 Jan 2008 06:28:43 GMT)

Consumer Guide Focusing Exclusively on Mortgage Refinancing Launched by MortgageLoan.com
MortgageLoan.com has launched The Guide to Mortgage Refinancing to help homeowners across the U.S. stay ahead of the curve for mortgage rates, terms, and alternatives. (Fri, 11 Jan 2008 07:01:00 GMT)

Merrill Lynch to Take $15 Billion Mortgage Writedown, NYT Says
Jan. 11 (Bloomberg) -- Merrill Lynch & Co., the third- largest U.S. securities firm, may write down $15 billion related to U.S. mortgage losses, almost twice its original estimate, the New York Times reported, citing people briefed on the plan. (Fri, 11 Jan 2008 07:13:59 GMT)

Consumer Guide Focusing Exclusively on Mortgage Refinancing Launched by MortgageLoan.com
MortgageLoan.com has launched The Guide to Mortgage Refinancing to help homeowners across the U.S. stay ahead of the curve for mortgage rates, terms, and alternatives. With most consumers focusing on first-time mortgages, and little guidance available on refinancing, many homeowners find the process baffling. But now--thanks to the efforts of one of the leading mortgage information sites in the ... (Fri, 11 Jan 2008 08:26:57 GMT)

Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen. (Fri, 11 Jan 2008 09:13:25 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, 11 Jan 2008 09:13:45 GMT)

Interest-rate dip fires up mortgage refinancing
Mortgage rates were the lowest this week in nearly 2½ years, averaging 5.87 percent nationally, because of more and more bad economic news. That's the lowest 30-year fixed rate since September 2005, according to Freddie Mac, the giant mortgage underwriter. (Fri, 11 Jan 2008 09:47:59 GMT)

More job cuts expected in mortgage banking
NEW YORK (Reuters) - The pace of job losses in mortgage lending slowed in December, as some companies shifted workers to other areas of financial services, but the losses may pick up again in the new year as the U.S. housing market continues to weaken and credit remains tight. (Fri, 11 Jan 2008 10:27:11 GMT)

BofA may buy troubled mortgage lender
Having already sunk $2 billion into Countrywide Financial, Bank of America could be close to buying all of the troubled mortgage lender. The Charlotte-based bank on Thursday was in advanced talks to buy Countrywide, according to news reports, citing anonymous sources. Countrywide's shares surged 51 percent on the news after rumors of an impending bankruptcy filing battered the stock earlier in ... (Fri, 11 Jan 2008 10:45:42 GMT)

Hossam Ghaly completes Derby loan move
Derby have completed the loan signing of Tottenham midfielder Hossam Ghaly and he will be available for tomorrow's match at home to Wigan. (Fri, 11 Jan 2008 11:43:37 GMT)

Bank of America to buy troubled mortgage lender Countrywide
Bank of America said Friday it will buy Countrywide Financial for $4.1 billion in stock, a deal that rescues the country's biggest mortgage lender and expands the financial services empire of the nation's largest consumer bank. The acquisition will... (Fri, 11 Jan 2008 13:06:11 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Fri, 11 Jan 2008 13:50:12 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, 11 Jan 2008 13:50:32 GMT)

Loan industry is slow to offer help
The rolling tsunami of home loan delinquencies and foreclosures is exposing serious problems in the mortgage industry's capacity to quickly handle borrowers' requests for help - whether loan modifications, short sales to ward off foreclosure or much-ballyhooed rate freezes. (Fri, 11 Jan 2008 14:26:10 GMT)

Clinton: Mortgage Crisis an Epidemic
Clinton tells hard hit Nevada that mortgage foreclosures are an epidemic. (Fri, 11 Jan 2008 14:56:55 GMT)

St George lifts variable home loan rates
After much speculation, the nation's fifth largest bank St George, has lifted its variable home loan rates by 0.20 per cent per annum. As a result, the St George standard variable rate will increase from 8.57 per cent pa to 8.77 per cent per annum. (Fri, 11 Jan 2008 16:07:31 GMT)

What the Countrywide deal means for your mortgage
Bank of America said Friday it would purchase embattled mortgage lender Countrywide Financial Corp. for $4 billion in an all-stock transaction. (Fri, 11 Jan 2008 18:42:56 GMT)

Consider Tax Break on Mortgage Insurance
Homeowners with a new mortgage that is covered by insurance can claim a tax break on the insurance this year. The break, called the qualified mortgage insurance deduction, lets taxpayers with an adjusted gross income of less than $100,000 write off the full cost of mortgage insurance. (Fri, 11 Jan 2008 19:15:07 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. (Fri, 11 Jan 2008 20:47:30 GMT)

Countrywide deal could boost confidence of mortgage industry
Bank of America's $4.1 billion rescue of Countrywide Financial could help stem economic turmoil by giving investors worldwide more confidence in the battered U.S. mortgage industry. It also bolsters arguments that government intervention isn't the only... (Fri, 11 Jan 2008 21:06:34 GMT)

Consider Tax Break on Mortgage Insurance
Homeowners with a new mortgage that is covered by insurance can claim a tax break on the insurance this year. The break, called the qualified mortgage insurance deduction, lets taxpayers with an adjusted gross income of less than $100,000 write off the full cost of mortgage insurance. (Fri, 11 Jan 2008 21:20:34 GMT)

Lawmakers ask Countrywide CEO to help mortgage victims
Two lawmakers are calling on Countrywide CEO Angelo Mozilo to give a portion of his severance package to charities that could help families affected by the mortgage crisis. (Fri, 11 Jan 2008 23:35:00 GMT)

FBR Group mortgage subsidiary to liquidate
Friedman, Billings, Ramsey Group Inc. said Friday that its mortgage-origination subsidiary will liquidate its assets due to continued deterioration in the subprime market. (Fri, 11 Jan 2008 23:41:22 GMT)

Some to get tax breaks on mortgage insurance
Homeowners with a new mortgage that is covered by insurance can claim a tax break on the insurance this year. (Fri, 11 Jan 2008 23:49:17 GMT)

Merger creates largest mortgage underwriter in O.C.
It's a merger that will create the largest mortgage writer in Orange County, California and the United States, but experts said people won't feel the effect of Bank of America 's $4 billion acquisition of Countrywide Financial for months. (Sat, 12 Jan 2008 03:23:29 GMT)

Freddie Mac: 30-Year Mortgage Rates Fall, Refinance Activity Increases
McLean, Va.--Refinancing activity picked up this week after mortgage rates fell due to disappointing economic results, according to government-sponsored loan buyer Freddie Mac. (Sat, 12 Jan 2008 04:12:30 GMT)

St George lifts variable home loan rates
After much speculation, the nation's fifth largest bank St George, has lifted its variable home loan rates by 0.20 per cent per annum. As a result, the St George standard variable rate will increase from 8.57 per cent pa to 8.77 per cent per annum. (Sat, 12 Jan 2008 04:18:54 GMT)

'How to Ruin Your Life' author sentenced in mortgage scheme
Two more people convicted of a fraud scheme run through LHS Mortgage in Burnsville were sentenced this week in a St. Paul federal court. U.S. District Court Judge Paul Magnuson sentenced Jill Lehn, 40, of Prior Lake, to two years in prison and three years of supervised release. (Sat, 12 Jan 2008 05:11:10 GMT)

Bank earnings to show mortgage woes are spreading to other loans
Bank earnings to show mortgage woes are spreading to other loans (Sat, 12 Jan 2008 06:13:55 GMT)

6 accused of fraud in mortgage scheme
Six people were indicted Friday on theft charges, accused of mortgage fraud in connection with a $40 million scheme that already has resulted in lengthy prison sentences for four others, authorities said. (Sat, 12 Jan 2008 06:47:27 GMT)

Kenneth Harney: Making it harder to resolve home-loan woes
WASHINGTON — The rolling tsunami of home loan delinquencies and foreclosures is exposing serious problems in the mortgage industry's capacity to quickly handle borrowers' requests for help — whether loan modifications, short sales to ward off foreclosure or much-ballyhooed rate freezes. (Sat, 12 Jan 2008 07:08:32 GMT)

There's a way to cancel a mortgage loan
Having buyer's remorse about a mortgage? It can pay to scrutinize the fine print. (Sat, 12 Jan 2008 10:14:15 GMT)

Mortgage rates keep sliding
WASHINGTON — Rising worries about a weak economy pushed rates on 30-year mortgages below the 6 percent mark for only the second time in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages... (Sat, 12 Jan 2008 11:09:57 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." (Sat, 12 Jan 2008 11:41:03 GMT)

Shot in the arm for mortgage industry?
Bank of America Corp.'s $4.1 billion rescue of Countrywide Financial Corp. could help stem economic turmoil by giving global investors more confidence in the battered U.S. mortgage industry. It also bolsters arguments that government intervention isn't the only way to assist struggling companies and settle nervous credit markets. But experts say it's nowhere near a complete fix for the U.S. ... (Sat, 12 Jan 2008 12:04:11 GMT)

Homeowners experiencing loss of home due to loan products
We live in a complicated financial world full of choices and unfortunately too many opportunities to make financial mistakes. (Sat, 12 Jan 2008 12:05:57 GMT)

Boost for mortgage industry? :Bank of America rescues beleaguered Countrywide.
WASHINGTON (AP) -- Bank of America's $4.1 billion rescue of Countrywide Financial could help stem economic turmoil by giving global investors more confidence in the battered U.S. mortgage industry. (Sat, 12 Jan 2008 12:08:10 GMT)

NovaStar cuts 170 jobs amid subprime mortgage crisis
KANSAS CITY, Mo. -- Subprime mortgage lender NovaStar Financial, edging closer to corporate extinction, said Friday it would eliminate 170 jobs as a result of its discontinuation of retail and brokerage operations. (Sat, 12 Jan 2008 12:13:45 GMT)

Bank of America to buy Countrywide Mortgage
CHARLOTTE, N.C. - Bank of America said Friday it will buy Countrywide Financial for $4.1 billion in stock, a deal that rescues the country's biggest mortgage lender and expands the financial services empire of the nation's largest consumer bank. (Sat, 12 Jan 2008 13:01:15 GMT)

Refinance Now to Avoid your ARM rate Increase
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Sat, 12 Jan 2008 15:26:19 GMT)

Mortgage rise to pad margins: experts
Major banks' recent mortgage rate increases are probably intended in part to rebuild profit margins eroded by competition rather than a pass through of higher funding costs as they claim, banking commentators said yesterday. (Sat, 12 Jan 2008 16:08:47 GMT)

Countrywide deal may boost national mortgage industry
WASHINGTON - Bank of America's $4.1 billion rescue of Countrywide Financial could help stem economic turmoil by giving global investors more confidence in the battered U.S. mortgage industry. (Sat, 12 Jan 2008 16:23:18 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, 12 Jan 2008 18:41:08 GMT)

Countrywide deal could give modest boost to mortgage industry
WASHINGTON, D.C. -- Bank of America’s $4.1 billion rescue of Countrywide Financial could help stem economic turmoil by giving global investors more confidence in the battered U.S. mortgage industry. (Sat, 12 Jan 2008 20:28:28 GMT)

HGTV Dream Home Sold, $1.325 Million
It's sold.  The 2005 HGTV Dream Home will have new owners by the end of the month.  KLTV 7 was first to break the story that the dream home would be up for auction.  Homeowner Don Cruz told us he was behind on his loan payments and right now is 1.4 million dollars in debt. (Sun, 13 Jan 2008 03:35:11 GMT)

Previous 1 2 3 4 5 6 7 8 Next

---

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

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