Mortgage News Jan 2008

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Regional banks seen striking M&A deals after mortgage losses strain balance sheets
The bank branch on the corner might be changing names — again. Get set for the next wave of consolidation that could sweep through the nation’s banking industry this year. Chief executives at some of the top regional players might be mulling deals to salvage businesses pummeled by the subprime mortgage market’s collapse. Banks like the West Coast’s Washington Mutual Corp., the Midwest’s National ... (Sun, 13 Jan 2008 05:17:48 GMT)

The best way to avoid mortgage shock is to become an informed consumer
The question I am asked most frequently about the subprime mortgage crisis is this: How did it happen to intelligent people? (Sun, 13 Jan 2008 05:40:06 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. (Sun, 13 Jan 2008 06:28:28 GMT)

Reverse Mortgage Company now Offers Alternatives to Lower Home Loan Payments
GoReverseandSave.com, a well known online reverse mortgage lender, now offers options of home loans for seniors that want to lower their monthly home loan payments. In addition of reverse mortgages, the company provides home equity loans, refinancing and debt consolidation. (Sun, 13 Jan 2008 07:01:00 GMT)

Reverse Mortgage Company now Offers Alternatives to Lower Home Loan Payments
GoReverseandSave.com, a well known online reverse mortgage lender, now offers options of home loans for seniors that want to lower their monthly home loan payments. In addition of reverse mortgages, the company provides home equity loans, refinancing and debt consolidation. (PRWeb Jan 13, 2008) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/RmFsdS1TdW1tLUhhbGYtTWFnbi1Mb3ZlLVplcm8= (Sun, 13 Jan 2008 08:05:01 GMT)

Bills target mortgage crunch
California lawmakers are writing a bevy of bills to deal with the crisis in subprime mortgages – everything from requiring mortgage companies to meet face to face with homeowners in default to closer monitoring of the industry's practices. (Sun, 13 Jan 2008 08:07:23 GMT)

Qualify for a mortgage with no credit history with the help of a broker by having mortgage broker help out
I'm single and 30, and I want to know how I can build a credit history in order to get a home loan. I've never had any kind of payments or debt, but a mortgage broker said that in order to get a loan or be pre-qualified I'd have to pay extra since they'd have to do my credit report manually. (Sun, 13 Jan 2008 08:10:20 GMT)

Mortgage-insurance tax break in effect
NEW YORK 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. Folks who earn less than $109,000 can take a write-off for part of it. To qualify, the mortgage must ... (Sun, 13 Jan 2008 08:12:18 GMT)

Subprime mortgage losses make some banks takeover targets
The bank branch on the corner might be changing names — again. Get set for the next wave of consolidation that could sweep through the nation's banking industry this year. Chief executives at some of the top regional players might be mulling deals to salvage businesses pummeled by the subprime mortgage market's collapse. (Sun, 13 Jan 2008 08:17:13 GMT)

Many pitfalls in mortgage crisis solutions
| 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. (Sun, 13 Jan 2008 08:36:43 GMT)

ICICI Bank may cut home loan rates in FY '09
Home loan consumers in India may get some good news in the months to come with ICICI Bank saying it could cut interest rates in the first quarter of next fiscal. (Sun, 13 Jan 2008 09:24:58 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. (Sun, 13 Jan 2008 10:17:35 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Sun, 13 Jan 2008 10:18:05 GMT)

ICICI Bank may cut home loan rates in FY '09
NEW DELHI: Home loan consumers in India may get some good news in the months to come with country's biggest private lender ICICI Bank saying it could cut interest rates in the first quarter of next fiscal. (Sun, 13 Jan 2008 10:34:01 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sun, 13 Jan 2008 10:46:40 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? (Sun, 13 Jan 2008 11:01:19 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. (Sun, 13 Jan 2008 11:01:29 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. (Sun, 13 Jan 2008 11:26:19 GMT)

Area mortgage industry battered again in 2007
DAMAGED by a housing market that has been unable to regain momentum, the mortgage industry in the Toledo region took another big hit in 2007. (Sun, 13 Jan 2008 11:32:53 GMT)

Mortgage crisis inquiry reviews whether data on loans was withheld
An investigation by New York state prosecutors is focusing on whether Wall Street banks withheld information about risks posed by investments linked to subprime loans. (Sun, 13 Jan 2008 12:24:14 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Sun, 13 Jan 2008 12:26:43 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. (Sun, 13 Jan 2008 12:46:09 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. (Sun, 13 Jan 2008 14:46:19 GMT)

ICICI may cut home loan rates in Q1 FY'09
Home loan consumers in India may get some good news in the months to come with country's biggest private lender ICICI Bank saying it could cut interest rates in the first quarter of next fiscal. (Sun, 13 Jan 2008 15:40:29 GMT)

$4 billion lifeline may ease mortgage crisis
NEW YORK: Bank of America Corp said on Friday that it would buy battered mortgage lender Countrywide Financial Corp for $4 billion, a move that could avert one of the biggest collapses from the United States housing crisis. (Sun, 13 Jan 2008 16:12:41 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Sun, 13 Jan 2008 16:26:18 GMT)

No immediate rescue for customers of Countrywide
Bank of America's planned purchase of Countrywide Financial would transform the nation's largest retail bank into the largest mortgage lender. But in the short term, it would have no impact on people with Countrywide home loans, including the hundreds of thousands of customers who are struggling to make their payments. (Sun, 13 Jan 2008 17:19:41 GMT)

ICICI may cut home loan rates, says Kamath
Lower rates will be applicable to new as well as existing floating-rate clients. Home loan consumers in India may get some good news in the months to come with country’s biggest private lender ICICI Bank saying it could cut interest rates in the first quarter of the next financial year. (Sun, 13 Jan 2008 18:41:02 GMT)

ICICI may cut home loan rates in Q1 2008-09
Lower rates would not be only for new customers, but existing floating-rate clients also, ICICI Bank’s MD and CEO KV Kamath said. (Sun, 13 Jan 2008 18:55:38 GMT)

Banks seek clarity on reverse mortgage
Banks propose to seek clarity from the Reserve Bank of India (RBI) on the risk weights that should apply for reverse mortgage loans. At present, the risk weight for real estate sector apply to reverse mortgage loans, which is calculated at 150 per cent of the value of the loan. (Sun, 13 Jan 2008 18:56:39 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. (Sun, 13 Jan 2008 19:01:09 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. (Sun, 13 Jan 2008 19:43:28 GMT)

ICICI may cut home loan rates in Q1 2008-09
NEW DELHI: Home loan consumers in India may get some good news in the months to come with country’s biggest private lender ICICI Bank saying it could cut interest rates in the first quarter of next fiscal. (Sun, 13 Jan 2008 21:34:31 GMT)

Online home loan inquiries up 300pc
INTERNET-based home loan provider Myrate.com.au says it has had a record increase in inquiries since the last of the major banks raised interest rates last week. (Sun, 13 Jan 2008 22:10:00 GMT)

Online home loan inquiries up 300pc
INTERNET-based home loan provider Myrate.com.au says it has had a record increase in inquiries since the last of the major banks raised interest rates last week. (Sun, 13 Jan 2008 22:10:00 GMT)

Australia's Swan to Target Home-Loan Exit Fees, Review Says
Jan. 14 (Bloomberg) -- Australian Treasurer Wayne Swan ordered an investigation into the fees banks charge home-loan borrowers that are designed to discourage them from switching lenders, the Australian Financial Review reported. (Sun, 13 Jan 2008 22:24:24 GMT)

Online home loan inquiries up 300%
Internet-based home loan provider Myrate.com.au says it has experienced a record increase in inquiries. (Sun, 13 Jan 2008 22:59:11 GMT)

Online home loan inquiries up 300%
Internet-based home loan provider Myrate.com.au says it has experienced a record increase in inquiries. (Sun, 13 Jan 2008 22:59:11 GMT)

Online home loan inquiries up 300%
Internet-based home loan provider Myrate.com.au says it has experienced a record increase in inquiries since the last of the major Australian banks raised interest rates last week. (Sun, 13 Jan 2008 23:09:46 GMT)

GM finance chief: Mortgage woes not spreading to auto loans
General Motors Corp.'s top finance executive said Sunday he doesn't see the subprime mortgage mess spreading into auto loans at the company's former credit arm, GMAC financial services. (Mon, 14 Jan 2008 01:45:21 GMT)

FBI to Focus On Area Mortgage Loan Fraud
The FBI today will launch a mortgage fraud task force in its Washington field office, joining a widening net of state and local investigators digging into the market crisis. (Mon, 14 Jan 2008 02:09:16 GMT)

Mortgage Relief May Aid Some
We can't seem to get away from all the mortgage news, can we? This week, in an effort to head off even more bad news in the mortgage industry, the Bush administration brokered a deal to help homeowners facing foreclosure. (Mon, 14 Jan 2008 02:09:26 GMT)

'Piggyback' Loans Allowed by Freddie Fed Mortgage Risks
For a glimpse of the risks that infected the mortgage business in recent years, consider a small slice of what happened at Freddie Mac, the giant home-loan investor chartered by the government to bring stability to the housing market. (Mon, 14 Jan 2008 02:09:56 GMT)

Jackson Takes On Mortgage Crisis
The Rev. Jesse Jackson spoke last night in Prince George's County, hit hard by the mortgage foreclosure crisis, to express dissatisfaction with President Bush's plans for coping with it and to mobilize efforts to target Wall street. (Mon, 14 Jan 2008 02:11:37 GMT)

CMG's 'Accelerator' Mortgage Deserves a Second Look
Two years ago, I wrote a fairly critical piece about CMG Financial's Home Ownership Accelerator mortgage loan program. I have since taken a closer look at the complicated program and have decided that my initial review did not do it justice. (Mon, 14 Jan 2008 02:13:48 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. (Mon, 14 Jan 2008 02:23:31 GMT)

Paulson Outlines Mortgage Aid Plan
Treasury Secretary Henry M. Paulson Jr. unveiled new details of the Bush administration's mortgage-relief plan yesterday, including a proposal that would grant new powers to local governments to refinance the mortgages of struggling homeowners. (Mon, 14 Jan 2008 04:54:13 GMT)

Bush Wins Agreement To Freeze Mortgages
President Bush will announce this afternoon an agreement with major mortgage firms to freeze interest rates for five years for financially troubled homeowners -- a plan advocates say will help forestall a major foreclosure crisis but some conservatives say amounts to a bailout of people who made ... (Mon, 14 Jan 2008 04:55:04 GMT)

New mortgage programs to ease distressed homeowners' minds
Behind on your mortgage payment? Facing a big jump in your monthly payment when your interest rate resets? (Mon, 14 Jan 2008 05:08:27 GMT)

Bernanke Assures Hill on Mortgage Hit
WASHINGTON -- Federal Reserve Chairman Ben Bernanke told Congress Thursday the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess. (Mon, 14 Jan 2008 05:11:29 GMT)

New mortgage programs to ease distressed homeowners' minds
Behind on your mortgage payment? Facing a big jump in your monthly payment when your interest rate resets? (Mon, 14 Jan 2008 05:13:46 GMT)

Australian Bankers Group Defends Home Loan Rate Rises
CANBERRA -(Dow Jones)- The Australian Bankers' Association Monday said there are no major barriers stopping customers from switching banks to get the best deal on home loan rates despite a move by Australian Treasurer Wayne Swan to examine possible action to make it easier for customers to switch banks. (Mon, 14 Jan 2008 05:38:15 GMT)

Suncorp raises variable home loan rate
Suncorp Metway has followed most of its competitors and increased the interest rate on its variable home loans. (Mon, 14 Jan 2008 06:28:11 GMT)

FBI to Focus On Area Mortgage Loan Fraud
The FBI today will launch a mortgage fraud task force in its Washington field office, joining a widening net of state and local investigators digging into the market crisis. (Mon, 14 Jan 2008 06:47:53 GMT)

Mortgage Relief May Aid Some
We can't seem to get away from all the mortgage news, can we? This week, in an effort to head off even more bad news in the mortgage industry, the Bush administration brokered a deal to help homeowners facing foreclosure. (Mon, 14 Jan 2008 06:48:03 GMT)

'Piggyback' Loans Allowed by Freddie Fed Mortgage Risks
For a glimpse of the risks that infected the mortgage business in recent years, consider a small slice of what happened at Freddie Mac, the giant home-loan investor chartered by the government to bring stability to the housing market. (Mon, 14 Jan 2008 06:48:33 GMT)

Jackson Takes On Mortgage Crisis
The Rev. Jesse Jackson spoke last night in Prince George's County, hit hard by the mortgage foreclosure crisis, to express dissatisfaction with President Bush's plans for coping with it and to mobilize efforts to target Wall street. (Mon, 14 Jan 2008 06:50:13 GMT)

CMG's 'Accelerator' Mortgage Deserves a Second Look
Two years ago, I wrote a fairly critical piece about CMG Financial's Home Ownership Accelerator mortgage loan program. I have since taken a closer look at the complicated program and have decided that my initial review did not do it justice. (Mon, 14 Jan 2008 06:52:24 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. (Mon, 14 Jan 2008 07:02:03 GMT)

Paulson Outlines Mortgage Aid Plan
Treasury Secretary Henry M. Paulson Jr. unveiled new details of the Bush administration's mortgage-relief plan yesterday, including a proposal that would grant new powers to local governments to refinance the mortgages of struggling homeowners. (Mon, 14 Jan 2008 07:09:05 GMT)

CORRECT: Australian Bankers Group Defends Home Loan Rate Rises -2
The Australian Bankers' Association Monday said it investigated the issue of switching home loan products several years ago and found there were "no significant switching problems". (Mon, 14 Jan 2008 08:12:32 GMT)

Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen. (Mon, 14 Jan 2008 09:13:45 GMT)

Bernanke Assures Hill on Mortgage Hit
WASHINGTON -- Federal Reserve Chairman Ben Bernanke told Congress Thursday the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess. (Mon, 14 Jan 2008 09:15:43 GMT)

Risky business: mortgage cash out
When the value of a Brooklyn home soared, the Paredes family borrowed against it switching to an adjustable-rate mortgage - then piled on a second - and poured much of the cash into opening a restaurant. Now, Paredes is fighting to save the house from foreclosure. (Mon, 14 Jan 2008 09:33:11 GMT)

Flagship Mortgage committed to service
Ron Graf and Flagship Mortgage are a natural fit. Graf, owner and branch manager of the Lockport office of Flagship Mortgage Corporation says he is married to his job and enjoys what he is doing. (Mon, 14 Jan 2008 10:16:47 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, 14 Jan 2008 11:10:54 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. (Mon, 14 Jan 2008 11:16:19 GMT)

UPDATE: Bank Earnings To Show Mortgage Woes Are Spreading To Other Loans
SAN FRANCISCO (Dow Jones) -- And now for the next wave of bank blues. (Mon, 14 Jan 2008 11:39:06 GMT)

Mortgage bankers seek rule changes
When you are shoveling money, keeping track of the paperwork is an awful burden. As the mortgage mess grows, we are learning more and more about just how sloppy things were in the mortgage-issuing business as loans were churned out, carved into securities and sold off. (Mon, 14 Jan 2008 12:11:26 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, 14 Jan 2008 15:48:59 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. (Mon, 14 Jan 2008 15:49:02 GMT)

FBR's Mortgage Lender to Liquidate
Friedman Billings Ramsey Group Inc.'s mortgage lending arm, First NLC Financial Services LLC, will file for bankruptcy protection and plans to liquidate because demand among investors for home loans has vanished, the investment bank said Monday. (Mon, 14 Jan 2008 15:51:59 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, 14 Jan 2008 16:26:11 GMT)

NovaStar down 38%; to give up mortgage licenses, cut staffers
SAN FRANCISCO (MarketWatch) -- NovaStar Financial Inc. shares tumbled 38% on Monday, selling off after the company said it will lay off most of its remaining staff and let its mortgage licenses lapse. (Mon, 14 Jan 2008 17:31:30 GMT)

Mortgage Lending to Fall 16 Percent
U.S. mortgage lending will fall by more than 16 percent this year, dragged down by a worsening economy and slumping mortgage market, an industry group predicted Monday. (Mon, 14 Jan 2008 18:28:35 GMT)

Australian Home-Loan Approvals Probably Rose on Job, Wage Gains
Jan. 15 (Bloomberg) -- Australia's home-loan approvals probably increased for the first time in three months in November as surging jobs growth stoked demand for housing. (Mon, 14 Jan 2008 18:39:02 GMT)

Mortgage originations, median home prices to decline in 2008: MBA
CHICAGO (MarketWatch) -- Fewer people will be obtaining mortgages this year than in 2007, with total mortgage production expected to drop 16% to $1.96 trillion in 2008, the Mortgage Bankers Association said Monday. (Mon, 14 Jan 2008 19:01:21 GMT)

Mortgage lending forecast to drop
Previously owned home sales are also expected to fall as banks rack up billions in losses, according to the Mortgage Bankers Association. (Mon, 14 Jan 2008 19:09:13 GMT)

M&T: Mortgage Tumble
The regional bank falls on the rapid devaluation of mortgage assets. (Mon, 14 Jan 2008 19:34:34 GMT)

Mortgage Reforms Proposed To Address Foreclosures
Calling Maryland's rising foreclosure rate an "unprecedented crisis," Gov. Martin O'Malley pitches a package of mortgage reforms aimed at reducing foreclosures by cracking down on scam lenders and giving delinquent homeowners more time to save their homes. (Mon, 14 Jan 2008 22:07:15 GMT)

Waxman Eyes CEO Pay During Subprime Mortgage Crisis
House Oversight and Government Reform Chairman Henry Waxman (D-Calif.), for a hearing next month, wants to question three current and former CEOs of companies involved in the subprime mortgage crisis about their own multi-million pay packages. (Mon, 14 Jan 2008 23:15:18 GMT)

Lenders pledge funds to hire mortgage counselors in California
Major mortgage lenders have pledged $4.6 million to hire more mortgage counselors in California to help homeowners at risk of defaulting on their home loans, an advocacy group said Monday. Eight mortgage lenders, including Merrill Lynch, Wells Fargo... (Tue, 15 Jan 2008 01:21:03 GMT)

CEO of of Australia's embattled Centro resigns
SYDNEY : The head of Australia's second biggest shopping centre owner Centro, which has been struggling to refinance debts in the wake of the US sub-prime mortgage crisis, has resigned, the company said Tuesday. (Tue, 15 Jan 2008 02:24:30 GMT)

Lenders tighten rules for mortgage customers
Mortgage lenders have further tightened criteria this month as fears of a sharper housing slowdown have led them to take a more cautious stance with borrowers. (Tue, 15 Jan 2008 02:50:23 GMT)

A Loan to Finish Homes
The home builder Levitt & Sons received approval to tap a $3.5 million loan to finish building homes across the Southeast. (Tue, 15 Jan 2008 04:07:09 GMT)

Mortgage Marketing Maverick and Industry Veteran Launches High-Impact, Low Cost Mortgage Broker Marketing Website
Realizing that most of today's mortgage professionals are struggling to generate new business, MortgageMarketingUniversity.com comes to the rescue by providing proven mortgage broker marketing and business development techniques, strategies and tools to the loan originator and mortgage broker at an unbelievably low monthly cost. (Tue, 15 Jan 2008 07:01:00 GMT)

Mortgage counseling expands
Eight U.S. financial institutions and two California foundations have contributed $4.6 million to help mortgage counseling agencies beef up California staffs increasingly overwhelmed by borrowers trying to avoid foreclosure, a statewide housing group announced Monday. (Tue, 15 Jan 2008 08:04:50 GMT)

Mortgage Marketing Maverick and Industry Veteran Launches High-Impact, Low Cost Mortgage Broker Marketing Website
Realizing that most of today's mortgage professionals are struggling to generate new business, MortgageMarketingUniversity.com comes to the rescue by providing proven mortgage broker marketing and business development techniques, strategies and tools to the loan originator and mortgage broker at an unbelievably low monthly cost. (PRWeb Jan 15, 2008) Post Comment:Trackback URL: ... (Tue, 15 Jan 2008 08:17:06 GMT)

U.K. Dec. RPI Excld. Mortgage Interest Up 3.1% On Year Vs. 3.2% In November
(RTTNews) - U.K. Dec. RPI excld. Mortgage interest up 3.1% on year vs. 3.2% in November (Tue, 15 Jan 2008 09:53:04 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, 15 Jan 2008 10:17:01 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. (Tue, 15 Jan 2008 10:28:36 GMT)

Hong Kong shares tumble on concerns about bank HSBC's US mortgage unit
Hong Kong shares dropped sharply Tuesday, dragged down by banking heavyweight HSBC on concerns about the exposure of its U.S. unit to the subprime mortgage crisis. (Tue, 15 Jan 2008 11:13:00 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. (Tue, 15 Jan 2008 12:01:09 GMT)

O'Malley Proposes Mortgage Reforms to Address Foreclosure Trend
LANDOVER , Md. (AP)- Calling Maryland's rising foreclosure rate an "unprecedented crisis," Gov. Martin O'Malley on Monday pitched a package of mortgage reforms aimed at reducing foreclosures by cracking down on scam lenders and giving delinquent homeowners more time to save their homes. (Tue, 15 Jan 2008 12:58:20 GMT)

Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen. (Tue, 15 Jan 2008 13:11:08 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, 15 Jan 2008 13:49:03 GMT)

Head of Australia's embattled Centro resigns
The head of Australia's second biggest shopping centre owner Centro, which has been struggling to refinance debts in the wake of the US subprime mortgage crisis, has resigned, the company said Tuesday. (Tue, 15 Jan 2008 15:31:00 GMT)

Federal Home Loan Bank of New York Selects Leading Collateral Management Solution from Rockall Technologies
NEW YORK----Rockall Technologies, a leading financial services solutions company, is delighted to announce that their collateral management solution, STOC, was selected by the Federal Home Loan Bank of New York. (Tue, 15 Jan 2008 15:37:00 GMT)

Calls to Mortgage Hotline Double in 4Q
An increase in calls from homeowners with adjustable-rate mortgages pushed total call volume at a mortgage-aid hotline to record levels in the fourth quarter, the nonprofit foundation that operates the hotline said Tuesday. (Tue, 15 Jan 2008 15:54:44 GMT)

When to Refinance, When to Sit Tight
A few calculations can indicate whether refinancing a mortgage is a good idea. (Tue, 15 Jan 2008 16:53:48 GMT)

Money Pledged for Mortgage Counselors
Major mortgage lenders have pledged $4.6 million to hire more mortgage counselors in California to help homeowners at risk of defaulting on their home loans, an advocacy group said Monday. (Tue, 15 Jan 2008 17:38:04 GMT)

Loans, mortgage losses give Citigroup dismal 4Q
The subprime mortgage crisis hit Citigroup in a big way as the financial services company posted a fourth-quarter net loss of $9.8 billion, or $1.99 per share. (C) (Tue, 15 Jan 2008 18:40:04 GMT)

Lenders pledge $4.6M to hire mortgage counselors
LOS ANGELES Lenders to hire mortgage counselors Major mortgage lenders have pledged $4.6 million to hire more mortgage counselors in California to help homeowners at risk of defaulting on their home loans, an advocacy group said Monday. (Tue, 15 Jan 2008 18:46:31 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, 15 Jan 2008 18:47:20 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Tue, 15 Jan 2008 18:47:31 GMT)

Mortgage numbers looking better locally as well as nationally
Mortgage loan applications increased nationally by 32.2 percent during the week that ended Jan. 5, an increase of 8.7 percent compared with the same week a year ago, according to a report from the Mortgage Bankers Association. (Tue, 15 Jan 2008 19:15:52 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? (Tue, 15 Jan 2008 19:17:20 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, 15 Jan 2008 19:17:30 GMT)

New Mortgage-Related Tax Breaks for 2007
In a year of bad mortgage news, there's a bright spot or two for homeowners: Foreclosure comes with a tax break, and 2007 mortgage insurance payments may be tax-deductible. (Tue, 15 Jan 2008 19:22:38 GMT)

ASK THE MORTGAGE EXPERT: All about appraisals
The appraisal is such an important factor to the mortgage transaction; make sure you're satisfied with the results. (Tue, 15 Jan 2008 20:03:03 GMT)

Wizard hikes home loan rates
WIZARD Home Loans, one of the price leaders in the Australian mortgage market in the past decade, yesterday hiked rates on its standard variable mortgage loan by 0.35 per cent. (Tue, 15 Jan 2008 20:30:00 GMT)

BUYING or REFINANCING? Consider Your Neighborhood Mortgage Expert Call For
BUYING or REFINANCING? (Tue, 15 Jan 2008 21:17:04 GMT)

Mortgage lender IndyMac to cut 24 percent of work force
Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and problems selling home loans to investors. (Tue, 15 Jan 2008 22:48:22 GMT)

Mortgage lender IndyMac to cut 24 percent of work force
Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and problems selling home loans to investors. The job cuts... (Tue, 15 Jan 2008 23:07:27 GMT)

Mortgage lender IndyMac to slash jobs
Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans. (Tue, 15 Jan 2008 23:35:20 GMT)

Wizard hikes home loan rates
WIZARD Home Loans, one of the price leaders in the Australian mortgage market in the past decade, yesterday hiked rates on its standard variable mortgage loan by 0.35 per cent. (Wed, 16 Jan 2008 00:09:57 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, 16 Jan 2008 00:15:02 GMT)

IndyMac will close regional mortgage center
IndyMac Bancorp Inc. said Tuesday that it will close regional wholesale mortgage centers in Kansas City, Tampa, Philadelphia, Boston and Columbia, S.C., as a result of the continued downturn of the mortgage market. (Wed, 16 Jan 2008 01:08:48 GMT)

Australian November Home-Loan Approvals Rise on Jobs (Upate1)
Jan. 16 (Bloomberg) -- Australia's home-loan approvals rose four times as much as economists forecast in November as surging jobs growth stoked demand for housing. (Wed, 16 Jan 2008 01:32:00 GMT)

Homeowners paying more in home loan fees
Australian homeowners are paying higher fees on their home loans compared to some of their overseas counterparts. (Wed, 16 Jan 2008 01:35:12 GMT)

Homeowners paying more in home loan fees
Australian homeowners are paying higher fees on their home loans compared to some of their overseas counterparts. (Wed, 16 Jan 2008 01:35:12 GMT)

Homeowners paying more in home loan fees
Australian homeowners are paying higher fees on their home loans compared to some of their overseas counterparts. (Wed, 16 Jan 2008 01:35:12 GMT)

Homeowners paying more in home loan fees
Australian homeowners are paying higher fees on their home loans compared to some of their overseas counterparts, and the level of fees is stifling competition, according to consumer group Choice. (Wed, 16 Jan 2008 01:40:06 GMT)

Mortgage Lender IndyMac Slashes Work Force
Mortgage lender IndyMac Bancorp Inc. said it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and problems selling home loans to investors. (Wed, 16 Jan 2008 02:00:04 GMT)

US mortgage firm slashes 2,403 jobs
IndyMac Bancorp, one of the largest US mortgage lenders, is cutting 2,403 jobs, or 24 per cent of its workforce, to cope with falling demand for home loans as the nation's housing slump deepens. (Wed, 16 Jan 2008 02:18:19 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, 16 Jan 2008 05:46:51 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, 16 Jan 2008 05:47:01 GMT)

Australian November Home-Loan Approvals Rise on Jobs (Upate2)
Jan. 16 (Bloomberg) -- Australia's home-loan approvals rose four times as much as economists forecast in November as surging jobs growth stoked demand for housing. (Wed, 16 Jan 2008 05:54:04 GMT)

Homeowners paying more in home loan fees
Australian homeowners are paying higher fees on their home loans compared with some of their overseas counterparts and the level of fees is stifling competition, according to consumer group Choice. (Wed, 16 Jan 2008 06:40:21 GMT)

WestStar Rhode Island Launches New Mortgage Website and Offers Greater Mortgage Options
WestStar Mortgage offers consumers with tough credit a way to buy or refinance a home via the FHA mortgage program. (Wed, 16 Jan 2008 07:01:00 GMT)

WestStar Rhode Island Launches New Mortgage Website and Offers Greater Mortgage Options
WestStar Mortgage offers consumers with tough credit a way to buy or refinance a home via the FHA mortgage program. (PRWeb Jan 16, 2008) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/TG92ZS1TcXVhLVNpbmctVGhpci1Mb3ZlLVplcm8= (Wed, 16 Jan 2008 08:14:16 GMT)

Russian mortgage agency plans 10 bln rbl bond
MOSCOW, Jan 16 - Russian mortgage agency AIZHK plans a 10.0 billion-rouble bond issue in end-January or early February, an agency official told Reuters on Wednesday. (Wed, 16 Jan 2008 09:22:03 GMT)

2,403 to lose jobs at mortgage lender IndyMac
Los Angeles- Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, dismissing 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and problems selling home loans to investors. (Wed, 16 Jan 2008 09:45:04 GMT)

Ahead of the Bell: Mortgage Applications
Home-loan data to be released Wednesday will show whether borrowers continued to take advantage of lower rates to refinance their mortgages. (Wed, 16 Jan 2008 11:34:15 GMT)

Mortgage lender IndyMac to slash costs, 2,400 jobs
LOS ANGELES -- Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans. (Wed, 16 Jan 2008 11:42:40 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, 16 Jan 2008 11:46:39 GMT)

How To Cut The Cost Of Your Mortgage
Should you go for a fixed rate or a tracker? If you have a discounted mortgage deal that ends this year, here's how to choose the best deal. (Wed, 16 Jan 2008 12:02:47 GMT)

Home loan demand surges to near four-year high
U.S. mortgage applications surged last week, with demand hitting its highest in nearly four years as interest rates plunged, an industry group said on Wednesday. (Wed, 16 Jan 2008 12:09:10 GMT)

Weekly mortgage applications up 28.4% on refinancings
CHICAGO (MarketWatch) -- The volume of applications filed for mortgages jumped a seasonally adjusted 28.4% last week compared to the prior week, as mortgage interest rates continued to drop in the face of a weakening economy, the Mortgage Bankers Association reported on Wednesday. (Wed, 16 Jan 2008 12:16:20 GMT)

Mortgage Application Volume Skyrockets
Mortgage application volume skyrocketed for the second consecutive week, rising 28.4 percent during the week ending Jan. 11, according to the Mortgage Bankers Association's weekly application survey. (Wed, 16 Jan 2008 12:17:11 GMT)

Loan for Home
Jessica Greer and her daughter Alexis, 7, in front of their Walnut Grove home. Greer was able to move into the home with the help of a United States Department of Agriculture loan. (Wed, 16 Jan 2008 12:21:18 GMT)

Consumer Watch 7 - Pilot program helps Virginians with mortgage problems
We've heard so much about the national mortgage crisis, but here in Virginia there's a service that may be able to help homeowners before it's too late. (Wed, 16 Jan 2008 13:08:00 GMT)

Fixed-rate home loans go through the roof
NEARLY one in four borrowers are choosing a fixed-interest home loan in the face of rates rising to their highest in almost a decade - but experts warn they may not be getting the best deal. (Wed, 16 Jan 2008 13:19:45 GMT)

Mortgage applications up 28%
Mortgage Bankers Association says the number of people filing applications rose sharply last week; seasonal volatility and falling interest rates both factors. (Wed, 16 Jan 2008 13:23:42 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Wed, 16 Jan 2008 13:48:20 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, 16 Jan 2008 13:48:40 GMT)

Mortgage applications rise
Mortgage applications rose 28.4 percent last week from the previous week, the Mortgage Bankers Association reported today as the 30-year fixed interest rate remained well below 6 percent. (Wed, 16 Jan 2008 14:11:19 GMT)

Mortgage Activity Continued Rebound Last Week Amid Lower Rates
(RTTNews) - Mortgage application volume rose sharply last week, according to industry data released Wednesday. This continued a rebound that began in the previous week. The advance was led by a surge in refinancing activity, helped by a further decline in mortgage rates. (Wed, 16 Jan 2008 16:08:17 GMT)

Tumbling rates boost mortgage demand to four-year high
Mortgage applications surged last week, with demand hitting its highest in nearly four years as interest rates plunged, an industry group said Wednesday. (Wed, 16 Jan 2008 16:31:15 GMT)

Housing Stocks Rise on Gain in Mortgage Application Volume Last Week, Ahead of Builder Survey
NEW YORK (AP) - Shares of major homebuilders mostly rose Wednesday after a trade group said mortgage application volume surged for the second straight week and ahead of a builder sentiment survey. (Wed, 16 Jan 2008 17:33:05 GMT)

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