Mortgage News Jan 2008

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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, 28 Jan 2008 21:41:23 GMT)

Anworth Mortgage Asset Corporation Announces Quarterly Preferred Stock Dividends
Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that, in accordance with the terms of Anworth’s 8.625% Series A Cumulative Preferred Stock, or Series A Preferred Stock, the board of directors declared, on January 25, ... (Mon, 28 Jan 2008 22:12:46 GMT)

Nevada Looks to Solve Mortgage Crisis
A report to a legislative panel studying the mortgage lending crisis says Nevada, with the worst home loan foreclosure rate in the nation, is only now requiring education courses and a licensing exam for brokers and their agents. (Mon, 28 Jan 2008 22:48:09 GMT)

Anworth Mortgage Asset Corporation Announces Over-Allotment Exercise of 2.145 Million Shares
Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that, on January 25, 2008, the underwriters participating in its public offering of 14.3 million shares of common stock, which priced on January 24, 2008, exercised in ... (Mon, 28 Jan 2008 22:57:36 GMT)

High roller of home loans
Over five years, Quick Loan Funding wrote $3.8 billion in mortgages to people with shaky credit. (Mon, 28 Jan 2008 23:10:21 GMT)

Anworth Mortgage Asset Corporation Announces Over-Allotment Exercise of 2.145 Million Shares
Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that, on January 25, 2008, the underwriters participating in its public offering of 14.3 million shares of common stock, which priced on January 24, 2008, exercised in full the over-allotment option for an additional 2.145 million shares of common stock that Anworth granted to them in connection with the offering. After giving effect ... (Mon, 28 Jan 2008 23:13:43 GMT)

Jump in Capital Region Residents Looking to Refinance
Area banks and mortgage companies say their phones are ringing off the hook with people looking to refinance their homes---even those who have fixed interest rates. (Mon, 28 Jan 2008 23:16:26 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? (Mon, 28 Jan 2008 23:26:24 GMT)

Capstead Mortgage Corporation Announces Pricing of Public Offering of Common Stock
Capstead Mortgage Corporation (NYSE:CMO) announced today the pricing of an underwritten public offering of 8,000,000 shares of its common stock at a price to the public of $15.50 per share. Capstead has granted the underwriters a ... (Mon, 28 Jan 2008 23:42:26 GMT)

Capstead Mortgage Corporation Announces Pricing of Public Offering of Common Stock
Capstead Mortgage Corporation (NYSE:CMO) announced today the pricing of an underwritten public offering of 8,000,000 shares of its common stock at a price to the public of $15.50 per share. Capstead has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock to cover over-allotments, if any. (Mon, 28 Jan 2008 23:43:11 GMT)

New home sales took record fall in 2007
New home sales plunged in 2007 by the largest amount on record while home prices tumbled sharply in December. Analysts forecast more trouble in 2008 as housing tries to emerge from its worst slump in more than two decades. (Tue, 29 Jan 2008 01:17:13 GMT)

US mortgage crisis creates ghost town
The streets are empty. Trash rustles down the road past rusted barbecues, abandoned furniture, sagging homes and gardens turned to weed. This is Mount Pleasant, a neighborhood in southeastern Cleveland ravaged by the subprime mortgage crisis roiling the United States. (Tue, 29 Jan 2008 02:00:20 GMT)

Congressman Higgins Announces More Than $400,000 For Home Ownership Programs
1/29/2008 - WASHINGTON — Chautauqua Opportunities Inc. and Citizens’ Opportunity for Development and Equality have been awarded a total of $410,400 from the Federal Home Loan Bank of New York. (Tue, 29 Jan 2008 03:40:35 GMT)

US mortgage crisis creates ghost town
CLEVELAND - THE streets are empty. Trash rustles down the road past rusted barbecues, abandoned furniture, sagging homes and gardens turned to weed. This is Mount Pleasant, a neighbourhood in southeastern Cleveland ravaged by the subprime mortgage crisis roiling the United States. (Tue, 29 Jan 2008 03:48:36 GMT)

President promotes tax rebates, mortgage action
President Bush used his last State of the Union address Monday to promote tax cuts, mortgage help and spending limits as the struggling economy takes center stage in the campaign to succeed him. (Tue, 29 Jan 2008 03:59:09 GMT)

Public Notice - Mortgage Sale - Sutton's Pointe Development, L.L.C.
The Mortgage described below is in default: Mortgage (the “Mortgage”) made by Sutton’s Pointe Development, L.L.C., a Michigan limited liability company, by Marcus Yono, Member and Jeffrey Roth, Member, as Mortgagor to Independent Mortgage Company – East Michigan, and assigned as a matter of law to Independent Mortgage Company – Central Michigan., a Michigan corporation, with its address at 4200 ... (Tue, 29 Jan 2008 06:25:44 GMT)

Fairway mortgage company opens office on Trenwest
Fairway Independent Mortgage Corp. has opened an office at 3069 Trenwest Drive, Suite 2204, in Winston-Salem. Ruth Hudspeth and Bill Reynolds have joined the company and will run the office. The company said they have a combined 29 years of experience in the mortgage industry. Fairway was founded in 1996. The company said it has closed more than $1 billion in loan values in each of the past six ... (Tue, 29 Jan 2008 08:19:46 GMT)

(AFX UK Focus) 2008-01-29 08:10 GMT: Czech real estate price growth to slow as mortgage lending tightens - analysts
PRAGUE (Thomson Financial) - Czech real estate price growth is likely to slow to 3 pct this year, down from 5.3 pct in 2007, as tightening mortgage lending conditions are likely to slow demand for property, daily Mlada Fronta Dnes reported, citing analysts. (Tue, 29 Jan 2008 08:40:41 GMT)

Legislature takes on mortgage terms in new bills
Tony Brooks blames a mortgage broker for the loss of his home, and he wanted state lawmakers to know his story. (Tue, 29 Jan 2008 09:28:39 GMT)

Finicity Partners with US Bank; Finicity Home Loans Offers Smart Home Financing Choices
Finicity, the makers of the popular personal finance system Mvelopes, and US Bank have partnered to form Finicity Home Loans and offer smart, responsible home financing choices. (Tue, 29 Jan 2008 11:13:55 GMT)

Commercial real estate: American Home Mortgage asks to sell LI building
In the how-much-space-can-the-market-absorb department, observers might be interested to note that the building occupied most recently by the defunct mortgage lender American Home Mortgage may be coming on line like an early Valentine's Day gift. (Tue, 29 Jan 2008 11:22:39 GMT)

Mortgage Express reduces lifetime mortgage rates
Mortgage Express has announced that its Lifetime Mortgage has reduced rate to 6.29%, alongside a product fee of just GBP599. The product is available at up to 45% loan to value. (Tue, 29 Jan 2008 11:26:47 GMT)

Countrywide loses $422M amid mortgage meltdown
Countrywide Financial, the nation's largest mortgage lender, said Tuesday it swung to a loss in the fourth quarter due to rising loss provisions and impairment charges. (Tue, 29 Jan 2008 13:36:45 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, 29 Jan 2008 14:16:43 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, 29 Jan 2008 14:16:53 GMT)

Countrywide posts quarterly loss as loan production plummets
BOSTON (MarketWatch) -- Countrywide Financial Corp., the troubled mortgage lender that's in a deal to be acquired by Bank of America Corp., reported Tuesday a sizable fourth-quarter loss as loan production fell sharply toward the end of 2007. (Tue, 29 Jan 2008 14:28:49 GMT)

The Right Time to Refinance
Homeowners should act now to lock in low rates and lower monthly mortgage payments. (Tue, 29 Jan 2008 15:24:12 GMT)

Beware The Discount Mortgage Trap!
Discount mortgage deals are currently topping the best buy tables. But are these rates really as good as they seem? (Tue, 29 Jan 2008 16:30:50 GMT)

Mortgage losses put U.S. lender deep into the red
Countrywide Financial, the struggling home lender that has become a prominent victim of the U.S. mortgage crisis, has reported its first yearly loss in more than 30 years. (Tue, 29 Jan 2008 18:37:17 GMT)

Home loan help for teachers passed committee
A bill that would allow full time teachers in Utah a $15,000 loan to buy a home cleared the House Education committee Tuesday. (Tue, 29 Jan 2008 18:42:03 GMT)

Considering Refinancing? Look Beyond Rates
The decision to refinance a mortgage also depends on upfront costs and future moving plans. (Tue, 29 Jan 2008 19:14:08 GMT)

U.S. mortgage woes lead to lower earnings but higher revenues at FirstService
Romina Maurino, The Canadian Press January 29, 2008 - 2:11 p.m. TORONTO - The meltdown in the U.S. mortgage industry had a mixed impact on property services provider FirstService Corp. (TSX:FSV), forcing the company to lower its profit forecast for the year but also boosting its revenues. (Tue, 29 Jan 2008 19:23:02 GMT)

Anworth Mortgage Asset Corporation Announces Dividend Tax Information for 2007
Anworth Mortgage Asset Corporation (NYSE: ANH), a real estate investment trust (REIT), announced today tax information regarding its dividend distributions for the fiscal year ended December 31, 2007. Stockholders should check ... (Tue, 29 Jan 2008 19:42:37 GMT)

US mortgage refinancing offers hope of stability
Amid the steady drumbeat of bad news for the US housing market, there are hopes that a recent dramatic fall in mortgage rates could help struggling homeowners refinance into cheaper loans, offering the prospect of much needed stability. (Tue, 29 Jan 2008 19:50:19 GMT)

Anworth Mortgage Asset Corporation Announces Dividend Tax Information for 2007
Anworth Mortgage Asset Corporation (NYSE: ANH), a real estate investment trust (REIT), announced today tax information regarding its dividend distributions for the fiscal year ended December 31, 2007. (Tue, 29 Jan 2008 19:58:32 GMT)

LIVE CHAT: Mortgage Questions
We've been telling you stories about the economy and we know there are a lot of questions out there so to get your questions answered we've set up a live chat with Mortgage Planner Drew Aiello. (Tue, 29 Jan 2008 20:01:26 GMT)

Is it Time to Refinance?
The housing crisis has driven interest rates down on mortgage loans. That doesn't necessarily mean it's the best time for everyone to refinance. (Tue, 29 Jan 2008 21:16:53 GMT)

New Stimulus Plan Offers Jumbo Mortgage Help to Homeowners
New York--The proposed U.S. economic stimulus plan announced Thursday will prevent foreclosures and make refinancing easier for mortgage seekers in high-cost markets, CNNMoney.com reports. (Tue, 29 Jan 2008 21:20:18 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, 29 Jan 2008 21:44:31 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, 29 Jan 2008 21:44:42 GMT)

Hidden victims of mortgage crisis: Pets
Pets are becoming the newest victims of the nation’s mortgage crisis as homeowners leave animals behind when they can no longer afford their property. (Tue, 29 Jan 2008 21:47:42 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, 29 Jan 2008 23:45:31 GMT)

Lower Interest Rates Spark Refinancing
For homeowners and those who want to be, this may be the right time to buy or refinance. Mortgage lenders are fielding plenty of questions about this, but the time... (Tue, 29 Jan 2008 23:49:29 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, 29 Jan 2008 23:56:24 GMT)

FBI probes 14 companies in broad subprime mortgage investigations
SAN FRANCISCO (MarketWatch) -- The Federal Bureau of Investigation is targeting 14 companies as part of a broad probe into the subprime mortgage meltdown, a spokesman said on Tuesday. (Wed, 30 Jan 2008 00:58:50 GMT)

Hunt for the cheapest home loan
With the prospect of higher interest rates on the cards you should be searching high and low for the cheapest home loan rate you can get. (Wed, 30 Jan 2008 02:06:28 GMT)

FSA fears credit crisis hitting mortgage holders
More than a million people who have taken out a mortgage over the past three years have a "high risk" of being unable to pay back their loans, the City watchdog warned last night. (Wed, 30 Jan 2008 02:38:53 GMT)

FBI Probes Loan Deals
14 Companies Being Investigated The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with home loans made to risky borrowers. (Wed, 30 Jan 2008 03:08:20 GMT)

CNN - FBI Probing 14 Firms For Mortgage Fraud
Complaints About Potential Mortgage Fraud Are Up During The Subprime Mortgage Crisis, And The FBI Has Opened Criminal Investigations Of 14 Companies Related To Sub-Prime Mortgage Loans, The Agency Said Tuesday.   (Wed, 30 Jan 2008 03:25:49 GMT)

Politicians seek local mortgage industry help
SHELBY — It may be a national issue, but members of Congress are turning to individuals in Cleveland County as they seek to understand and put a hold on the financial crisis in the mortgage industry. (Wed, 30 Jan 2008 04:21:03 GMT)

FBI investigating 14 companies for mortgage fraud
Complaints about potential mortgage fraud are up during the subprime mortgage crisis, and the FBI has opened criminal investigations of 14 companies related to subprime mortgage loans, the agency said Tuesday. (Wed, 30 Jan 2008 04:38:38 GMT)

Home Loan Probe Blankets Financial Services Industry
The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with home loans made to risky borrowers. (Wed, 30 Jan 2008 05:12:04 GMT)

Many call for boost in home loan limits
In Ventura County, sales for existing single-family detached homes dropped 38.2 percent in December from the same month the previous year, the California Association of Realtors reported Tuesday. (Wed, 30 Jan 2008 08:02:31 GMT)

Mortgage money in short supply / Pullback in homes: Two new reports say the housing market is in trouble nationally as ...
The housing market continues to crater locally and nationally, as the shortage of mortgage money keeps buyers at bay, according to a pair of reports released Tuesday. In the Bay Area, December sales of existing, single-family homes plummeted 38.1 percent from... (Wed, 30 Jan 2008 08:22:06 GMT)

1st Mariner mortgage write-downs drive 4Q loss
Continuing to suffer the effects of the mortgage meltdown, First Mariner Bancorp posted yesterday a fourth-quarter loss of $2.7 million. (Wed, 30 Jan 2008 08:42:47 GMT)

Low mortgage rates cause rush to refinance
The phones have been ringing more than usual at Hunt Valley Mortgage in the past couple of weeks, says business owner Don Lagator. (Wed, 30 Jan 2008 09:40:55 GMT)

To refinance or not to refinance?
TO REFI OR NOT TO REFI? There's no easy way to tell quickly who should refinance mortgages now, but here are some general guidelines: You might be a candidate if . (Wed, 30 Jan 2008 09:41:32 GMT)

Mortgage Lending Hits Record Low
The number of people applying for a mortgage in December fell for the seventh month in a row, to the lowest level since records began in 1999, down at just 73,000. (Wed, 30 Jan 2008 10:13:00 GMT)

U.S. mortgage lender Countrywide Financial posts loss
The battered mortgage lender, being acquired by Bank of America, said the delinquency rate on loans that it administered had risen to 33.64 percent at the end of 2007 from 29.08 percent three months earlier. (Wed, 30 Jan 2008 10:14:15 GMT)

U.K. Mortgage Approvals Drop to Least Since 1999 (Update1)
Jan. 30 (Bloomberg) -- U.K. mortgage approvals dropped in December to the lowest in at least nine years and consumer credit fell as banks curbed lending after contagion from the U.S. subprime mortgage market collapse. (Wed, 30 Jan 2008 10:24:08 GMT)

Home loan approvals hit new low
The number of new mortgages approved for people buying a house dived to its lowest level for 12-and-a-half years during December, figures have shown. The Bank of England said just 73,000 new loans were approved for people moving home during the month, the lowest figure since July 1995. (Wed, 30 Jan 2008 10:36:05 GMT)

State Home-Loan Program Batting Zero
More than two months after Gov. M. Jodi Rell announced a new $50 million program to help some of the 71,000 subprime mortgage borrowers statewide (Wed, 30 Jan 2008 11:15:03 GMT)

Mortgage Spam Jumps in Response to Fed Rate Cut, Commtouch Reports
SUNNYVALE, Calif.----Spam about mortgage refinancing jumped to 10% of all spam in the past week in conjunction with the recent interest rate cuts by the US Federal Reserve, according to research by Commtouch . (Wed, 30 Jan 2008 11:22:00 GMT)

U.K. Mortgage Approvals Drop to Least Since 1999 (Update2)
Jan. 30 (Bloomberg) -- U.K. mortgage approvals dropped in December to the lowest in at least nine years, and consumer credit fell, threatening the outlook for economic growth. (Wed, 30 Jan 2008 11:35:11 GMT)

Mortgage Spam Jumps in Response to Fed Rate Cut, Commtouch Reports
Spam about mortgage refinancing jumped to 10% of all spam in the past week in conjunction with the recent interest rate cuts by the US Federal Reserve, according to research by Commtouch (Nasdaq:CTCH). Further changes expected to be announced today may spur even more finance-related spam - always a favorite subject among spammers even when interest rates are high. (Wed, 30 Jan 2008 11:51:04 GMT)

Mortgage approvals at record low
Mortgage approvals were lower again in December, the seventh consecutive monthly decline and the worst level since records began, the Bank of England revealed today. (Wed, 30 Jan 2008 12:00:00 GMT)

FBI investigating subprime loan fraud
In the wake of the US subprime loan crisis, the Federal Bureau of Investigation says it has launched a probe into the activities of 14 companies suspected of possible fraud and insider trading. (Wed, 30 Jan 2008 12:00:02 GMT)

Homeowners' rush to refinance continues despite higher rates
CHICAGO (MarketWatch) -- Homeowners' applications to refinance existing loans surged again in the Mortgage Bankers Association's latest survey of filings, rising 22.1% last week compared with the previous week. (Wed, 30 Jan 2008 12:13:39 GMT)

Mortgage Application Volume Rises
Mortgage application volume rose 7.5 percent during the week ended Jan. 25, according to the trade group Mortgage Bankers Association's weekly application survey. (Wed, 30 Jan 2008 12:14:16 GMT)

Mortgage applications near 4-year high
Applications for home mortgages jumped to their highest level in nearly four years as low interest rates led more homeowners to seek refinancing, according to data from an industry group on Wednesday. (Wed, 30 Jan 2008 12:36:22 GMT)

Refinancings fuel mortgage application surge
Mortgage Bankers Association says the volume of applications filed last week rose 7.5%. (Wed, 30 Jan 2008 13:00:11 GMT)

Mortgage approvals fall to 12-year low
Mortgage approvals fell for a seventh month in December to the lowest level since the 1990s, Bank of England data showed, signalling that the UK housing market has already slowed more sharply than during the 2005 downturn. (Wed, 30 Jan 2008 13:05:23 GMT)

Mortgage approvals drop further
The number of mortgage approvals for home buying fell again in December, the Bank of England says. (Wed, 30 Jan 2008 13:29:28 GMT)

A+ Mortgage Selects SearchMyLoan.com To Provide Loan Search Services
SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced A+ Mortgage Inc., a Tukwila, Wash.-based Company that offers home loans across the northwest, as a new customer. (Wed, 30 Jan 2008 14:37:19 GMT)

BNZ raises home loan rates
The Bank of New Zealand has raised its variable home loan rates, due to the rising cost of short-term funding. (Wed, 30 Jan 2008 16:18:23 GMT)

FBI investigating possible home-loan fraud
The FBI said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with home loans made to risky borrowers. (Wed, 30 Jan 2008 16:28:26 GMT)

Mortgage rates lower, but good in area
Homeowners who have mortgages might want to contact their banker and consider refinancing. According to a national survey by Bankrate.com , the overnight average for a 30 year fixed-mortgage rate on Jan. 29 was 5.45 percent. (Wed, 30 Jan 2008 16:34:43 GMT)

FBI Investigating Home Loan Fraud
The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with risky home loans (Wed, 30 Jan 2008 17:44:10 GMT)

Mortgage applications rise despite higher rates
WASHINGTON – Mortgage applications nationwide rose last week as more homeowners tried to refinance, the Mortgage Bankers Association reported today. (Wed, 30 Jan 2008 18:03:49 GMT)

Call for bail-out agency to unblock mortgage markets
The UK's frozen mortgage markets may need to be unblocked by creating a new agency that could temporarily bail out lenders until conditions in the wholesale money markets improve, according to the IFS. (Wed, 30 Jan 2008 18:20:17 GMT)

Mortgage spam hits all-time high
Mortgage-refinancing spam has jumped to 10 per cent of all junk email in the past week, according to new estimates. The email security firm warned that further rate changes expected today are likely to spur even more finance-related spam. (Wed, 30 Jan 2008 18:32:49 GMT)

Refinance.com Cites Lowest Mortgage Rates Since March 2004 After Latest Fed Action
Refinance.com, the nation's premier source for home mortgage refinancing, is reporting fixed mortgage rates at their lowest levels since March 2004. (Wed, 30 Jan 2008 19:33:00 GMT)

Sector Glance: Mortgage Insurers
Mortgage insurance stocks jumped Wednesday after the Federal Reserve cut its target for a key benchmark interest rate, potentially offering a salve to mortgage borrowers having trouble paying their bills. (Wed, 30 Jan 2008 19:44:03 GMT)

Sector Glance: Mortgage Lenders Mixed
Shares of mortgage lenders traded lower Wednesday after the Federal Reserve slashed a key short-term interest rate by a half-point to keep the economy from falling into a recession. (Wed, 30 Jan 2008 19:48:23 GMT)

FBI investigates mortgage activities
The FBI is investigating 14 companies involved in mortgage-related activities, the bureau said. (Wed, 30 Jan 2008 19:58:38 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, 30 Jan 2008 20:44:22 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, 30 Jan 2008 20:44:52 GMT)

HUD Sec'y: Fear of banks led to mortgage crisis
One-third of the nation’s mortgage foreclosures probably could have been avoided if black and Hispanic home buyers hadn’t been so afraid to borrow from banks, U.S. Housing and Urban Development Secretary Alphonso Jackson said today. (Wed, 30 Jan 2008 20:49:52 GMT)

MuniMae Subsidiary Completes Bond Refinancing
BALTIMORE----MMA Financial, LLC , an operating subsidiary of Municipal Mortgage & Equity, LLC announced today that it has completed the refinancing of a $25 million private placement, multi-family housing mortgage revenue bond, with a major U.S. financial institution as the credit enhancement and liquidity provider. (Wed, 30 Jan 2008 21:42:00 GMT)

S&P mulls $500B in mortgage downgrades
Standard & Poor's Ratings Services is considering slashing its rating on more than $500 billion of investments tied to bad mortgage loans, the ratings agency said Wednesday. (Wed, 30 Jan 2008 22:48:34 GMT)

S&P Mulls $500B in Mortgage Downgrades
Standard & Poor's Ratings Services is considering slashing its rating on more than $500 billion of investments tied to bad mortgage loans, the ratings agency said Wednesday. The massive downgrade would threaten a broad swath of the world's finance... (Wed, 30 Jan 2008 23:21:35 GMT)

The Fed and You: Don't Wait to Refinance
Why mortgage rates aren't likely to go lower. (Thu, 31 Jan 2008 00:18:36 GMT)

Fired worker sues KB Home, Countrywide
A former employee of Countrywide KB Home Loans has filed a lawsuit claiming he was wrongly fired after he reported fraudulent lending practices to superiors and refused to approve mortgages for unqualified applicants. (Thu, 31 Jan 2008 01:53:27 GMT)

New York may use potent law vs mortgage banks: report
New York Attorney General Andrew Cuomo, who is probing how Wall Street banks packaged and sold mortgage bonds, may use the same powerful state law that predecessor Eliot Spitzer wielded to secure billions of dollars in settlements from investment banks and mutual fund firms, the Wall Street Journal reported Wednesday, citing unnamed sources. (Thu, 31 Jan 2008 04:46:19 GMT)

Refinancing: Is it for Everyone?
There are several reason to take advantage of the new low mortgage interest rates, but is refinancing really for you? Read what mortgage consultants have to say. (Thu, 31 Jan 2008 04:54:24 GMT)

MORTGAGE MANIA
It's time for a do-over!If you haven't refinanced already, you might be refinancing soon. But before you call your mortgage broker, you need to consider what kind of loan you have. Last week's Federal Reserve interest-rate cut of three-quarters of a... (Thu, 31 Jan 2008 05:50:41 GMT)

Refinance.com Cites Lowest Mortgage Rates Since March 2004 After Latest Fed Action
Refinance.com, the nation's premier source for home mortgage refinancing, is reporting fixed mortgage rates at their lowest levels since March 2004. As a result of today's actions by the Federal Reserve to lower interest rates and following last week's emergency rate cut, Refinance.com sees a great opportunity for homeowners to take advantage of these low mortgage rates. (Thu, 31 Jan 2008 07:01:00 GMT)

Refinance.com Cites Lowest Mortgage Rates Since March 2004 After Latest Fed Action
Refinance.com, the nation's premier source for home mortgage refinancing, is reporting fixed mortgage rates at their lowest levels since March 2004. As a result of today's actions by the Federal Reserve to lower interest rates and following last week's emergency rate cut, Refinance.com sees a great opportunity for homeowners to take advantage of these low mortgage rates. (PRWeb Jan 31, 2008) ... (Thu, 31 Jan 2008 08:42:23 GMT)

US mortgage relief
Congress is breaking out its blunt instruments. A stimulus package just passed by the House of Representatives would allow Fannie Mae and Freddie Mac , the government-sponsored mortgage lenders, to buy jumbo mortgage loans valued at up to $729,750 – well above the current $417,000 limit. (Thu, 31 Jan 2008 09:00:41 GMT)

Mortgage officer admits role in scam
A loan officer charged in connection with a mortgage scam that cost more than 200 victims their homes has pleaded guilty and agreed to testify against his co-defendants. (Thu, 31 Jan 2008 09:01:30 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, 31 Jan 2008 09:16:32 GMT)

Mortgage rates rise a bunch
For a lot of homeowners, there's still an opportunity to refinance -- even if they missed a better chance last week. (Thu, 31 Jan 2008 11:00:00 GMT)

Czech banks may tighten mortgage lending, but market little affected byU.S. crisis - analysts
PRAGUE. JANUARY 31. INTERFAX CENTRAL EUROPE - Several major Czech banks are currently reviewing the possibility of tightening conditions for approving mortgage loans in view of the current U.S. situation, but analysts told Interfax they don't expect a major impact on the Czech market. (Thu, 31 Jan 2008 12:02:02 GMT)

Mortgage rates rise a bunch
For a lot of homeowners, there's still an opportunity to refinance. Even if they missed an even better chance last week. The benchmark 30-year fixed-rate mortgage rose 31 basis points, to 5.88 percent, according to the Bankrate.com national survey of large lenders. (Thu, 31 Jan 2008 12:50:38 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, 31 Jan 2008 13:25:54 GMT)

Sambol to Head BofA Mortgage Operations
Bank of America Corp. and Countrywide Financial Corp. said Thursday David Sambol, Countrywide's president and chief operating officer, will take over as head of a combined mortgage business after the two companies are merged. (Thu, 31 Jan 2008 14:21:13 GMT)

BofA Plans Mortgage Organization Changes
Bank of America Corp. said Thursday it would name a Countrywide Financial Corp. executive to head its combined consumer mortgage operations once its $4.1 billion deal to buy Countrywide is completed. (Thu, 31 Jan 2008 14:35:05 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Thu, 31 Jan 2008 14:55:54 GMT)

Mortgage rates end five-week descent
Mortgage rates ended their five-week descent following the Fed's decision to cut its federal funds rate by half of a percentage point, Freddie Mac reported Thursday. (Thu, 31 Jan 2008 16:00:11 GMT)

U.S. mortgage rates reverse course, rising in wake of Fed cut
Mortgage rates rose this week, ending about a month of declines. (Thu, 31 Jan 2008 16:13:59 GMT)

U.S. mortgage rates climb and break trend
Thirty-year fixed rate mortgage rates rose in the United States for the first time in five weeks, figures released Thursday by Freddie Mac indicated. (Thu, 31 Jan 2008 16:43:28 GMT)

Charity sees mortgage calls soar
Shelter received eight times as many requests for mortgage advice in 2007 than in 2006, it says. (Thu, 31 Jan 2008 16:55:51 GMT)

Countrywide merger criticized, BoA names mortgage exec
Bank of America Corp on Thursday said Countrywide Financial Corp's second- highest ranking executive will run its mortgage business, and a large Countrywide investor said it opposes the bank's roughly $4.4 billion purchase of the nation's largest mortgage lender. (Thu, 31 Jan 2008 17:10:40 GMT)

Countrywide merger criticized, BoA names mortgage exec
NEW YORK (Reuters) - Bank of America Corp on Thursday said Countrywide Financial Corp's second- highest ranking executive will run its mortgage business, and a large Countrywide investor said it opposes the bank's roughly $4.4 billion purchase of the nation's largest mortgage lender. (Thu, 31 Jan 2008 17:31:39 GMT)

Many unaware of mortgage help: Freddie Mac
More than half of borrowers who have missed mortgage payment deadlines are still in the dark about ways to avoid foreclosure, but that percentage is falling, said a survey released Thursday. (Thu, 31 Jan 2008 18:15:01 GMT)

HDFC cuts home loan rates 25 bps
Housing finance company HDFC said on Thursday that it has reduced its retail prime lending rate (RPLR) by 25 basis points, with effect from February 1. (Thu, 31 Jan 2008 18:26:45 GMT)

Mortgage Brokers Switch to Survival Mode
Mortgage brokers who haven't fled or been forced out of the industry are in survival mode. They're coping with little or no business as the economy slows, accusations that they're to blame for the mortgage meltdown, stricter lending standards and the threat of new regulations. (Thu, 31 Jan 2008 19:47:57 GMT)

Lawmakers may cap high-interest loan rates
SALEM - Jackie Clemens got a $1,000 title loan yesterday. The Lawrence, Mass., resident said her roommate had stolen her rent money and she needed the cash right away. So, without many options, Clemens went to Route 28 in Salem, home to a handful of title and payday lenders. (Thu, 31 Jan 2008 20:51:20 GMT)

1st time since 2003, HDFC cuts home loan rate
HDFC, the leader in the home finance business, has decided to cut interest rates on floating rate home loans for all its existing customers by 25 basis points. (Thu, 31 Jan 2008 21:03:26 GMT)

Federal Home Loan Bank of Atlanta Awards $26.6 Million for Affordable Housing Development
Federal Home Loan Bank of Atlanta announced today that it will award more than $26.6 million in grants and low-cost loans to fund 82 affordable housing projects in nine states and the District of Columbia. (Thu, 31 Jan 2008 21:06:00 GMT)

Mortgage Brokers Switch to Survival Mode
Mortgage brokers who haven't fled the industry or been forced out are in survival mode. They're coping with little or no business as the economy slows, accusations that they're to blame for the mortgage meltdown, stricter lending standards and the threat of new regulations. (Thu, 31 Jan 2008 21:54:46 GMT)

1st time since 2003, HDFC cuts home loan rate
MUMBAI: Finally there is good news for people who have taken a loan with a floating interest rate to buy their dream homes. HDFC, the leader in the home finance business, has decided to cut interest rates on floating rate home loans for all its existing customers by 25 basis points. (Thu, 31 Jan 2008 22:27:55 GMT)

CMG Mortgage Bucks Mortgage Industry Collapse, Doubles Sales of New Home Ownership Accelerator(R) Loan in 2007
SAN RAMON, Calif.----Fighting against the most challenging reversal in the mortgage market in decades, CMG Mortgage, Inc. has significantly expanded sales of its popular new loan, the Home Ownership Accelerator® loan, . (Thu, 31 Jan 2008 22:43:00 GMT)

Are Mortgage Pros to Blame?
The mortgage industry defends itself. (Thu, 31 Jan 2008 23:28:22 GMT)

Mortgage Rates Reach 4-Year Low
With mortgage rates at their lowest levels in four years, many people are rushing to refinance or purchase a home. | | Mortgage rates fell Thursday, in the wake of another federal rate cut, but not necessarily because of it.  | | “People automatically think that because there is a federal rate cut there is a mortgage rate cut.  Quite honestly they don't correspond to each... (Thu, 31 Jan 2008 23:41:02 GMT)

Now's the time to refinance your mortgage
INDIANAPOLIS (WISH) - You'll remember the feds cut the interest rate a dramatic three quarters of a point less than two weeks ago. Then on Wednesday another half point drop. So, is this the time to refinance (Thu, 31 Jan 2008 23:42:21 GMT)

Federal Home Loan Bank of San Francisco Releases December 2007 Cost of Funds Index
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco announced January 31, 2008, that the 11th District Monthly Weighted Average Cost of Funds Index for December 2007 is 4.072%. (Thu, 31 Jan 2008 23:44:00 GMT)

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