Mortgage News Mar 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

1 2 3 4 5 6 7 8 Next

Hawaii mortgage rates hold steady
Mortgage rates at Hawaii's three largest banks held steady this week, as the average rate nationally for a 30-year fixed-rate loan rose by nearly a quarter of a percentage point. (Sat, 01 Mar 2008 00:08:30 GMT)

Citibank Hungary offers new loan product
Citibank Hungary has introduced its new Foreign Currency Home Secured Loan denominated in Swiss Franc and Euro. (Sat, 01 Mar 2008 02:28:51 GMT)

BLOTCH: What I’m Thinking About.... (Peter Gorman)
Today, I’m thinking about a home refinance I recently tried to do. My mortgage company asked if I was interested. (Sat, 01 Mar 2008 02:32:46 GMT)

Wells Fargo trims staff for loan servicing
The national housing slump has forced layoffs at a Billings banking center for the second time in five months. Wells Fargo's Home Equity Loan Servicing Center laid off employees Wednesday. Darren Holmes, vice president of the center, said fewer than 2 ... (Sat, 01 Mar 2008 07:18:50 GMT)

New Online Document Storage Allows myClosingSPACE.com Customers to Monitor Status of All Mortgage and Closing Documents
"Are my mortgage documents ready?" "Does the lender or attorney have all the documents they need?" "What's holding up my closing?" These are just three of the questions most commonly asked by homebuyers after they have begun the home buying process. In its effort to bring more transparency to the title industry, myClosingSPACE.com has announced the addition of a new document storage service to ... (Sat, 01 Mar 2008 09:12:19 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, 01 Mar 2008 09:23:40 GMT)

Four more suspects charged in 2-county mortgage-fraud ring
DELAWARE, Ohio -- Four more people have been charged in Delaware County in a multimillion-dollar mortgage-fraud ring that operated in Franklin and Delaware counties. (Sat, 01 Mar 2008 11:45:43 GMT)

Mortgage lending fell but society has record profits
BARROW’S home-grown building society slammed the brakes on its mortgage lending last year as an international credit crunch was unleashed by US financial markets. (Sat, 01 Mar 2008 11:57:53 GMT)

Is a financial planner trying to swindle my mom?
Question: My 63-year-old mother earns about $1,200 a month, has $90,000 in savings and, as a result of a recent refinancing, has a $90,000 30-year mortgage. In three years she will begin collecting an estimated $1,300 a month from Social Security. (Sat, 01 Mar 2008 12:29:00 GMT)

Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Sat, 01 Mar 2008 12:40:07 GMT)

Boro's Lee rejects loan switch
Middlesbrough forward Lee Dong-Gook has rejected a loan move back to South Korea and vowed to fight for a place at The Riverside.The South Korea international has only seen bit-part action since joining Boro from K-League outfit Pohang Steelers last summer. (Sat, 01 Mar 2008 13:30:11 GMT)

Pouncing on a new mortgage
Low mortgage rates are enticing people to explore their financial options, area mortgage brokers and real estate agents say. (Sat, 01 Mar 2008 13:48:23 GMT)

Mortgage Broker Convicted On Fraud Charges
A Pikesville mortgage broker is facing prison time following his conviction on fraud charges. (Sat, 01 Mar 2008 15:27:22 GMT)

Buffalo suing mortgage companies over abandoned properties
Associated Press - March 1, 2008 10:55 AM ET BUFFALO, N.Y. (AP) - The city of Buffalo is suing 28 mortgage companies to recover as much as $2 million it expects to spend securing or tearing... (Sat, 01 Mar 2008 16:10:21 GMT)

Questions to Ask Before Taking a Reverse Mortgage
Here are some questions that experts say potential borrowers should ask before taking out a reverse mortgage. (Sat, 01 Mar 2008 18:31:39 GMT)

Second-mortgage issues join resetting rates for 1-2 punch
WASHINGTON—Everybody wants to help keep people in their houses rather than in foreclosure, right? (Sat, 01 Mar 2008 18:38:10 GMT)

Stanley Pinto: Reverse Mortgage - Failing for the wrong reasons?
Reverse Mortgage - Failing for the wrong reasons? While India may not be a natural choice, demographic and psychographic data indicate millions of likely candidates for reverse mortgage. (Sat, 01 Mar 2008 19:10:12 GMT)

Rell seeks to help more in mortgage crisis
Disappointed that more homeowners have not qualified for a state mortgage refinancing program, Republican Gov. M. Jodi Rell yesterday announced changes to make the plan more flexible. (Sat, 01 Mar 2008 19:38:25 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? (Sat, 01 Mar 2008 22:25:24 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? (Sat, 01 Mar 2008 22:25:34 GMT)

Rell seeks to help more in mortgage crisis
Disappointed that more homeowners have not qualified for a state mortgage refinancing program, Republican Gov. M. Jodi Rell yesterday announced changes to make the plan more flexible. (Sat, 01 Mar 2008 23:59:01 GMT)

Antoine B. Orr
There are a number of factors to consider, including: total cost to refinance, the difference between the current loan rate and the new rate, whether or not points are involved and the intended use of the funds. If you have an interest-only loan or an adjustable-rate mortgage, refinancing to a... (Sun, 02 Mar 2008 00:32:31 GMT)

Mortgage Late Payments Hit 21-Year High
Across the country, homeowners are finding themselves strapped between rising mortgage costs and basic necessities: food, transportation, and utilities. As Michelle Miller reports, they are starting to pay those bills with plastic more often. (Sun, 02 Mar 2008 02:00:01 GMT)

More families feeling mortgage squeeze
BRIDGEPORT — Michelle and Donald Wheeler are no different than any other suburban family. They've seen utility costs sky rocket. They've seen gasoline prices shoot out of sight. (Sun, 02 Mar 2008 04:24:45 GMT)

Michael Jackson fails to pay mortgage for Los Angeles home
Washington, Mar 1 : Michael Jackson's financial condition seems to have worsened, for the public documents have revealed that the singer has failed to pay mortgage for his Los Angeles home. (Sun, 02 Mar 2008 04:30:48 GMT)

Reverse mortgage can be blessing or curse
Erika Baker was 67, divorced and worried about her job when a saleswoman showed up at her door in late 2006. A reverse mortgage, the saleswoman explained, would give Baker instant access to hundreds of thousands of dollars tied up in the value of her home. Such a loan, typically available only to homeowners in their 60s and older, would not have to be repaid until Baker moved out, the saleswoman ... (Sun, 02 Mar 2008 05:17:32 GMT)

Mortgage lawsuit may have big effect
A mortgage dispute between a giant Maryland bank and a Cedarburg couple has grown into a closely watched federal court... (Sun, 02 Mar 2008 05:17:58 GMT)

2nd mortgage for Moon Lake to fund debt
To get money to pay off last year’s deficit, Luzerne County essentially wants to take out a second mortgage on Moon Lake Park. (Sun, 02 Mar 2008 06:54:27 GMT)

Reverse Mortgage Information Site Sees Increase in Home Equity Loans for Seniors
Go Reverse and Save, an online source for reverse mortgage information, is seeing a huge increase in their industry's lending products. (Sun, 02 Mar 2008 07:01:00 GMT)

Wells Fargo reducing jobs at Montana loan center
BILLINGS (AP) — A Wells Fargo financial office here is laying off some employees and cites the slowdown in the U.S. housing market as the reason. The layoffs at the Wells Fargo Home Equity Loan Servicing Center follow a personnel reduction in November. (Sun, 02 Mar 2008 07:37:41 GMT)

Reverse Mortgage Information Site Sees Increase in Home Equity Loans for Seniors
Go Reverse and Save, an online source for reverse mortgage information, is seeing a huge increase in their industry's lending products. (PRWeb Mar 2, 2008) Read the full story at http://www.prweb.com/releases/2008/03/prweb735314.htm (Sun, 02 Mar 2008 08:13:19 GMT)

Why are mortgage rates rising? Inflation fears
Question: We have been waiting for mortgage interest rates to drop so that we can refinance, but every time we check the rates they keep going up. This doesn't make sense. The Federal Reserve cut interest rates in January, but mortgage rates have been going up instead of down. (Sun, 02 Mar 2008 08:14:11 GMT)

Second loan might spoil refinance plan
| Everybody wants to help keep people in their houses and out of financial stress and foreclosure, right? (Sun, 02 Mar 2008 08:29:32 GMT)

Second loan might spoil refinance plan
| Everybody wants to help keep people in their houses and out of financial stress and foreclosure, right? (Sun, 02 Mar 2008 08:32:14 GMT)

Second mortgage is refi obstacle
Everybody wants to help keep people in their houses and out of financial stress and foreclosure, right? That's what the Bush administration says, and that's what top executives of major banks, mortgage companies and Wall Street invest-igators all say. (Sun, 02 Mar 2008 08:34:21 GMT)

DAVID MYERS: FHA changes ease loan rules
The Federal Housing Administration has revamped several of its loan programs, making it easier for buyers to purchase a home and current owners to refinance their mortgage. (Sun, 02 Mar 2008 09:10:01 GMT)

Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Sun, 02 Mar 2008 09:35:49 GMT)

Will mortgage-interest tax break help me?
Question: If I buy a home, how much will the mortgage-interest tax break help me? Answer: The wealthier you are and the more expensive your home is, the more the mortgage-interest deduction may help you. (Sun, 02 Mar 2008 09:46:53 GMT)

Consumer loan and savings rates
Consumer Loan And Savings Rates A sampling of financial institutions was asked to quote the most recent lowest annual percentage rates they would charge a new loan customer with an annual income from $30,000 to $35,000 and good credit standing. (Sun, 02 Mar 2008 09:59:11 GMT)

State offering mortgage information and counseling
Prospective buyers and homeowners having problems with their mortgage have a new place to turn for information: the Washington Homeownership Information Hotline and Counseling Program. (Sun, 02 Mar 2008 10:18:01 GMT)

Second mortgage could hold up refinancing
Everybody wants to help keep people in their houses and out of financial stress and foreclosure, right? That's what the Bush administration... (Sun, 02 Mar 2008 10:19:01 GMT)

Borrowing trouble on reverse mortgage
Erika Baker was 67 years old, divorced and worried about her job when a saleswoman showed up at her door in late 2006. A reverse mortgage, the... (Sun, 02 Mar 2008 10:26:04 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, 02 Mar 2008 11:40:16 GMT)

Jackson needs millions to save Neverland ranch home
Type verification code in the box and submit. New York: Michael Jackson is determined to stop the auction of his old Neverland Ranch home by taking out a loan to cover the money he owes to the estate's trustees. (Sun, 02 Mar 2008 14:24:44 GMT)

Bucci: Consolidating can make student loan payments manageable
Several years ago, I used unsecured private loans to finance my education. I currently hold six different loans (one of which is actually a federal loan) with two different lenders. The total amount of debt that I have is roughly $56,000, and all the loans (with the exception of the federal) have outrageously high interest rates. (Sun, 02 Mar 2008 18:22:22 GMT)

Michael fails to pay mortgage for LA home
Further questions over Michael Jackson’s financial situation have been raised after documents showing the star has repeatedly failed to pay the mortgage for his Los Angeles home emerged. (Sun, 02 Mar 2008 19:06:00 GMT)

Met Mortgage trust and PriceWaterHouseCoopers reach settlement
Associated Press - March 2, 2008 2:05 PM ET SPOKANE, Wash. (AP) - The Metropolitan Mortgage & Securities Co. investors' trust has agreed to a $30 million settlement with an accounting firm... (Sun, 02 Mar 2008 19:07:47 GMT)

Met Mortgage trust and PriceWaterhouseCoopers reach settlement
The Metropolitan Mortgage & Securities Co. investors' trust has agreed to a $30 million settlement with an accounting firm accused of making mistakes that led to the financial conglomerate's downfall. (Sun, 02 Mar 2008 20:11:55 GMT)

Buffalo suing mortgage companies over abandoned properties
Associated Press - March 1, 2008 10:55 AM ET BUFFALO, N.Y. (AP) - The city of Buffalo is suing 28 mortgage companies to recover as much as $2 million it expects to spend securing or tearing... (Sun, 02 Mar 2008 20:46:00 GMT)

Why are mortgage rates rising? Inflation fears
Question: We have been waiting for mortgage interest rates to drop so that we can refinance, but every time we check the rates they keep going up. This doesn't make sense. The Federal Reserve cut interest rates in January, but mortgage rates have been going up instead of down. (Sun, 02 Mar 2008 21:51:57 GMT)

Solving the mortgage mess requires delicate semantics
Bailout is a dirty word in the nation's capital. Lately, efforts by both Democrats and Republicans to clean up the housing mess are getting sullied with the b-word. (Sun, 02 Mar 2008 23:20:57 GMT)

Council moves to back golf course loan
Hinton’s Council appears prepared to support a loan for a new clubhouse for the Hinton Golf Club (HGC). The club, which operates the course as a not-for-profit organization, asked the Town essentially to cosign an approximately $830,000 loan. (Sun, 02 Mar 2008 23:32:03 GMT)

Jacko Defaulting on Another Mortgage
(Gigwise) Michael Jackson is facing further financial trouble after documents emerged showing that the pop star has failed maintain mortgage payments on a family home. (Mon, 03 Mar 2008 00:56:13 GMT)

Firefighter Falls Through Roof Of Burning Home
A Detroit Firefighter is recovering after falling through the floor of a burning home Sunday on the city's west side. (Mon, 03 Mar 2008 01:01:35 GMT)

Loan waiver leaves farmer in distress
While the rest of his village was busy celebrating, Dilip Bhonsale was at home feeling cheated by fate and the Union Budget. (Mon, 03 Mar 2008 04:10:45 GMT)

Tamweel CEO receives license to launch operations in Egypt from Mortgage Finance Authority Chairman
At a special handover occasion held in the Egyptian capital, the Chief Executive Officer of Tamweel was presented with the company's mortgage finance license by the Chairman of Egypt's Mortgage Finance Authority (MFA). (Mon, 03 Mar 2008 05:08:39 GMT)

Mortgage meltdown costs Orlando airport $12 million
ORLANDO -- The housing mortgage meltdown has landed at Orlando International Airport with a thud, bringing $12 million in unwanted financial baggage. (Mon, 03 Mar 2008 05:34:28 GMT)

Maverick Mortgage hits the skids: in bankruptcy
A fast-growing Collin County mortgage company has filed a multimillion-dollar bankruptcy case. (Mon, 03 Mar 2008 06:04:09 GMT)

Home lenders undergoing consolidation; BWC expanding
Changes in government-backed loan limits are driving consolidation in the mortgage industry, including the rapid expansion of BWC Mortgage Services of San Ramon, which has added 12 affiliates in the past 14 months. (Mon, 03 Mar 2008 06:23:33 GMT)

LoanWell rides reverse mortgage strategy, expands
CLEARWATER -- At a time when conventional mortgage firms are struggling, LoanWell Financial Corp. is raising $3 million in a private placement to expand its reverse mortgage business. (Mon, 03 Mar 2008 06:28:24 GMT)

Bank Loses Billions In Mortgage Crisis
Banking giant HSBC is expected to have lost around £8bn as a result of the credit crunch - most of that in its US mortgage and consumer credit arm. (Mon, 03 Mar 2008 06:49:00 GMT)

VA Mortgage Center.com Releases Educational VA Loan Video
VA Mortgage Center.com has released a new video aimed at educating Veterans and the community about VA Home Loan benefits. The four-minute video details the many unique aspects of VA Home Loans. The benefits discussed include the no down payment requirement, no private mortgage insurance, and the less stringent credit requirements for qualifying for a VA Loan. (Mon, 03 Mar 2008 07:01:00 GMT)

Loan waiver leaves farmer in distress
While the rest of his village was busy celebrating, Dilip Bhonsale was at home feeling cheated by fate and the Union Budget. (Mon, 03 Mar 2008 07:55:58 GMT)

Loan waiver leaves farmer in distress
Will UPA move to waiver farmer loans help compensate for SEZ controversies? While the rest of his village was busy celebrating, Dilip Bhonsale was at home feeling cheated by fate and the Union Budget. (Mon, 03 Mar 2008 08:11:00 GMT)

TBA Lending.com Launches Cincinnati-Wide Television Advertising in March Highlights their Credible Mortgage Services ...
Leading mortgage resource website set to launch television ad campaign focused on educating consumers of the options available to them through www.tbalending.com. As commercials air throughout Cincinnati the company continues to provide their services throughout the nation and is considered a top resource for any consumer searching for their next home or business loan. (PRWeb Mar 3, 2008) ... (Mon, 03 Mar 2008 08:11:10 GMT)

VA Mortgage Center.com Releases Educational VA Loan Video
VA Mortgage Center.com has released a new video aimed at educating Veterans and the community about VA Home Loan benefits. The four-minute video details the many unique aspects of VA Home Loans. The benefits discussed include the no down payment requirement, no private mortgage insurance, and the less stringent credit requirements for qualifying for a VA Loan. (PRWeb Mar 3, 2008) Read the ... (Mon, 03 Mar 2008 08:24:05 GMT)

Accord struck in Met Mortgage case
The Metropolitan Mortgage & Securities investors' trust has agreed to a $30 million settlement with an accounting firm accused of making... (Mon, 03 Mar 2008 08:25:48 GMT)

Mortgage tax deduction benefits the rich
The wealthier you are and the more expensive your home is, the more the mortgage-interest deduction may help you. (Mon, 03 Mar 2008 08:56:58 GMT)

Bank Loses Billions In US Mortgage Crisis
Banking giant HSBC has lost £8.7bn as a result of the credit crunch - most of that in its US mortgage and consumer credit arm. (Mon, 03 Mar 2008 09:10:00 GMT)

Flagship Mortgage works to fund futures
It's not all doom and gloom in the mortgage business, according to Flagship Mortgage manager Ron Graf. "We are a safe harbor for existing and new homebuyers, and a port in today's financial storm," he said. Graf and the Flagship Mortgage staff in the Lockport office are in business to fund futures, not pasts, he says. (Mon, 03 Mar 2008 10:19:13 GMT)

Wachovia beefs up lobbying as mortgage bills hit Congress
With the nation's home foreclosure disaster becoming a hot topic in Congress, Wachovia Corp. is stepping up its federal lobbying presence. The Charlotte-based bank has signed four additional lobbying firms to its cadre of power brokers in the last few months. Two of the firms were hired specifically to keep tabs on mortgage reform legislation being considered on Capitol Hill. The other two are ... (Mon, 03 Mar 2008 11:12:42 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? (Mon, 03 Mar 2008 12:28:38 GMT)

Countrywide may face more credit woes
Countrywide Financial Corp , the largest U.S. mortgage lender, said it may see more credit losses as downward trends in the economy and in the real estate market conspire to boost delinquency rates. (Mon, 03 Mar 2008 13:03:25 GMT)

S&P Cuts Rating on Thornburg Mortgage
Credit rating agency Standard & Poor's late Friday cut its rating on Thornburg Mortgage Inc. because it is facing margin calls. (Mon, 03 Mar 2008 13:07:16 GMT)

Answer Desk: Why are mortgage rates jumping?
If the Federal Reserve is busy cutting interest rates, why are mortgage rates jumping? The Answer Desk, by msnbc.com's John W. Schoen. (Mon, 03 Mar 2008 13:12:10 GMT)

US economists worried about mortgage losses, consumer debt
US economists are becoming increasingly concerned about America's ailing mortgage market and and the debt burden being carried by tens of millions of households, according to a survey released Monday. (Mon, 03 Mar 2008 14:23:04 GMT)

Cuomo to announce mortgage probe news
New York Attorney General Andrew Cuomo on Monday will make a "major announcement" regarding his ongoing investigation into fraud in the U.S. mortgage industry, his office said. (Mon, 03 Mar 2008 14:51:02 GMT)

Remarks by Secretary Henry M. Paulson, Jr. U.S. Housing and Mortgage Market Update before the National Association of ...
Good morning. Thank you, Tom. It is a pleasure to be with you. Last week we had several significant data releases updating us on the status of the housing market correction. (Mon, 03 Mar 2008 15:19:00 GMT)

New wave of margin calls hits Thornburg Mortgage
Shares of Thornburg Mortgage Asset Corp. fell more than 50% on Monday, plunging as the lender said that it has not been able to meet a new wave of margin calls worth at least $270 million and that it's facing a possible liquidity shortage. The beleaguered lender said that because of the cost of meeting recent margin calls, it's been left with limited available liquidity and hasn't been able to ... (Mon, 03 Mar 2008 15:28:52 GMT)

Deal reached with home loan companies
A long-term investigation by New York State Attorney General Andrew Cuomo's office has led the two largest purchasers of home loans in the U.S. -- Fannie Mae and Freddie Mac -- to enter into cooperation agreements. (FNM) (FRE) (Mon, 03 Mar 2008 17:59:05 GMT)

Mortgage industry reports uptick in help for borrowers
The Hope Now group said today it helped 638,000 subprime borrowers from mid-2007 through the end of January, an increase of 93,000 from 545,000 a month earlier. That works out to 9 percent of 7.1 million subprime loans that were outstanding as of last fall, up from 8 percent through December. (Mon, 03 Mar 2008 18:00:23 GMT)

Settlement Yields a Watchdog on Home Appraisals
Fannie Mae and Freddie Mac will establish a new home appraisal watchdog to prevent fraud as part of a settlement with Attorney General Andrew Cuomo of New York. (Mon, 03 Mar 2008 18:19:44 GMT)

Overland completes refinancing
TSX-V - OVL) - Overland Realty Limited has successfully completed the previously announced first mortgage refinancing of eight of its properties. Total first mortgage indebtedness on the properties increased from $9.64 million to $15.99 million, providing additional funds of $6.35 million. (Mon, 03 Mar 2008 18:36:00 GMT)

US home loan 'workouts' exceed 1 million
Mortgage companies have given more than 1 million homeowners facing possible foreclosure new payment plans or other "workouts" since July, an industry alliance said on Monday. (Mon, 03 Mar 2008 19:04:04 GMT)

Fannie, Freddie agree to fight home appraisal fraud
Fannie Mae and Freddie Mac will establish a new home appraisal watchdog to prevent fraud in valuing homes as part of a settlement with New York Attorney General Andrew Cuomo, the companies and Cuomo said Monday. (Mon, 03 Mar 2008 19:14:21 GMT)

U.S. Mortgage Rates Will Tumble to Four-Decade Low (Update2)
March 3 (Bloomberg) -- Freddie Mac, the world's second- largest mortgage buyer, said the average U.S. fixed mortgage rate in 2008 probably will tumble more than three-quarters of a percentage point to the lowest in at least 45 years. (Mon, 03 Mar 2008 19:14:42 GMT)

Margin calls endanger Thornburg Mortgage
Thornburg Mortgage Inc. is continuing to face massive margin calls that the company said could effect its "ability to continue its business in the current manner." (TMA) (Mon, 03 Mar 2008 19:19:10 GMT)

Mortgage Crisis Still Biggest Risk to US Economy
A Mar. 3 survey finds the mortgage crisis is still the biggest risk to the US economy. (Mon, 03 Mar 2008 19:46:24 GMT)

Survey: Loan Modifications Falling Short
Efforts by mortgage lenders to negotiate new loan terms for borrowers at risk of foreclosure are falling short in California, according to a survey of mortgage counseling agencies released Monday by a consumer advocate group. (Mon, 03 Mar 2008 20:08:21 GMT)

Thornburg Mortgage plunges on bankruptcy worry
Thornburg Mortgage Inc said on Monday it has failed to meet a surge in margin calls, raising concern the jumbo mortgage lender might file for bankruptcy and causing its shares to fall by more than half. (Mon, 03 Mar 2008 20:21:16 GMT)

U.S. Mortgage Rates Will Tumble to Four-Decade Low (Update3)
March 3 (Bloomberg) -- Freddie Mac, the world's second- largest buyer of home loans, said the average U.S. fixed mortgage rate in 2008 probably will tumble more than three-quarters of a percentage point to the lowest in at least 45 years. (Mon, 03 Mar 2008 20:29:40 GMT)

Thornburg Mortgage Plunges on Bankruptcy Worry
The company said it has failed to meet a surge in margin calls, raising concern the jumbo mortgage lender might file for bankruptcy and causing its shares to plummet. (Mon, 03 Mar 2008 20:40:26 GMT)

Fed tells banks to report mortgage restructurings under HOPE NOW standards
WASHINGTON (Thomson Financial) - The Federal Reserve wants the banks it supervises to report their progress in modifying or refinancing subprime loans under consistent standards and recommended the HOPE NOW alliance's reporting requirements. (Mon, 03 Mar 2008 20:45:53 GMT)

(AFX UK Focus) 2008-03-03 20:35 GMT: Fed tells banks to report mortgage restructurings under HOPE NOW standards
WASHINGTON (Thomson Financial) - The Federal Reserve wants the banks it supervises to report their progress in modifying or refinancing subprime loans under consistent standards and recommended the HOPE NOW alliance's reporting requirements. (Mon, 03 Mar 2008 21:05:26 GMT)

Dow, S&P flat; commodity rally offsets mortgage woe
The Dow and S&P closed little changed on Monday as surging commodity prices boosted shares of mining and energy companies, offsetting fears that a cash squeeze at a high-profile mortgage lender would mean more fallout from the housing slump. (Mon, 03 Mar 2008 21:14:02 GMT)

Fed Urges Timely Reports on Loan Changes
WASHINGTON -- The Federal Reserve urged banks that service subprime mortgage loans to report on loan modifications in a "consistent way" to help monitor the effectiveness of relief efforts to struggling homeowners. (Mon, 03 Mar 2008 22:37:49 GMT)

Thornburg Mortgage Plunges on Bankruptcy Worry
The company said it has failed to meet a surge in margin calls, raising concern the jumbo mortgage lender might file for bankruptcy and causing its shares to plummet. (Mon, 03 Mar 2008 22:40:58 GMT)

When is the best time to lock in a rate?
Mortgage interest rates have been rising a bit over the past few weeks, but remain at very favorable levels. Although the Federal Reserve has decreased short-term rates several times over the past months, long-term mortgage rates have not gone down as much as you might expect. It's hard to predict where long-term rates will go. It is an excellent time to purchase a home or refinance your ... (Mon, 03 Mar 2008 23:05:21 GMT)

Thornburg Back From the Brink
Mortgage lender sells some assets at the end of a rough day. (Mon, 03 Mar 2008 23:11:41 GMT)

HLB eyes RM1bil home loans this year
KUALA LUMPUR: Hong Leong Bank Bhd hopes to grow its home loan receivables by at least RM1bil and expand customer base in this segment by 10% from the existing 130,000 this year. (Mon, 03 Mar 2008 23:30:29 GMT)

Fed wants subprime mortgage data changes
The Federal Reserve urged banks that service subprime mortgage loans to report on loan modifications in a "consistent way" to help monitor the effectiveness of relief efforts to struggling homeowners. (Mon, 03 Mar 2008 23:41:30 GMT)

Q&A: Mortgage squeeze tightening
What do the latest changes in the mortgage market mean for first-time buyers? (Tue, 04 Mar 2008 00:07:04 GMT)

Mortgage Group Pays Lobbyist $1.14M
The mortgage insurance industry's trade group paid a lobbying firm $1.14 million in 2007 to advance its position on legislation dealing with the housing market slump and mortgage mess. (Tue, 04 Mar 2008 00:16:27 GMT)

Commercial Mortgage Crisis Unlikely
Despite Investors' Perception Of Rocky Times Ahead, Delinquencies Have Been Minimal Some on Wall Street are betting that commercial real estate will turn out to be the next subprime mortgage mess, but it's not necessarily so. (Tue, 04 Mar 2008 02:53:55 GMT)

Countrywide warns pay-option loan defaults
Countrywide Financial Corp. has seen mortgage defaults rise as the housing market went from boom to bust, but the nation's largest home loan provider says it could have more trouble ahead with a particularly risky slate of loans — pay-option adjustable rate mortgages. (Tue, 04 Mar 2008 03:11:30 GMT)

Merits of New Mortgage Aid Are Debated
The U.S. Treasury said yesterday that its mortgage-assistance initiative helped 45,000 distressed subprime homeowners get new loans in its first month, but a veteran mortgage banker who helps run the program said many of them may not receive long-term relief and could ultimately face higher total costs. (Tue, 04 Mar 2008 03:36:11 GMT)

Looking for a home loan? You might search for awhile
Buying a home of your own or selling the one you have is getting tougher in many Houston neighborhoods, and one reason is because banks are tightening requirements on who gets money. (Tue, 04 Mar 2008 03:49:32 GMT)

One in five 'have mortgage fears'
A survey finds 19% of people fear missing mortgage repayments, prompting a £2m advertising campaign. (Tue, 04 Mar 2008 04:15:33 GMT)

Thornburg, a Mortgage Lender, Misses Margin Calls
Thornburg Mortgage, the mortgage lender, said Monday that it had failed to meet a surge in margin calls, raising concern that it might need to seek bankruptcy protection. (Tue, 04 Mar 2008 05:31:58 GMT)

04-03-2008: HLB sees 10% rise in home loan customers with new product
KUALA LUMPUR: Hong Leong Bank Bhd (HLB) is targeting to increase its home loan customer base by 10% per annum from 130,000 now, with the launch of a new product that gives up to 10% cash rebate, equivalent to 0.4% lower interest or about 18 free instalments. (Tue, 04 Mar 2008 06:34:54 GMT)

Lenders post more loan ills
IndyMac and Countrywide report higher delinquencies. Shares of Pasadena-based IndyMac Bancorp tumbled 20% on Monday after the mortgage bank reported higher delinquencies in January and a sharp drop in loan production compared to a year earlier. (Tue, 04 Mar 2008 07:52:52 GMT)

Mortgage help called not good enough
WASHINGTON -- A banking industry group says lenders have helped more than 1 million troubled borrowers from July through January, though critics say the response to the mortgage mess falls short. (Tue, 04 Mar 2008 08:21:19 GMT)

Despite crisis, mortgage modifications rare
When Veronica Hodge realized the adjustable-rate mortgage on her Vacaville home was due to reset about $1,000 a month higher starting in January, she called her lender in November to request a loan modification, freezing her interest rate. She submitted... (Tue, 04 Mar 2008 08:38:33 GMT)

Mortgage fallout hits hospitals with construction loans
Like homeowners facing huge mortgage payments when interest rates jump, Washington hospitals are threatened with soaring charges on $1.9 billion in construction loans. (Tue, 04 Mar 2008 08:45:00 GMT)

Matt Martin Real Estate Helps Northern Virginia Couple Escape from Upside-Down Mortgage
Jordan and Holly Santiago, a middle-income couple in the suburbs of Washington, DC, were caught in the squeeze of a reverse amortization loan. Their mortgage payments went up and the value of their home went down when the real estate bubble burst last year. They owed more to the bank than their house was worth. Matt Martin of Matt Martin Real Estate arranged a short sale for their house. Now ... (Tue, 04 Mar 2008 08:54:15 GMT)

Want to refinance your mortgage?
For most homeowners, their home is likely the largest purchase they'll ever make. For some, large or varying monthly mortgage payments can put a damper on the thrill of homeownership. People with high interest rate loans or adjustable rate mortgages could be feeling the pinch, and those homeowners may have lingering and important questions: Should I refinance? Where do I turn for home ... (Tue, 04 Mar 2008 10:23:44 GMT)

Agreement takes aim at mortgage crisis
New York's attorney general wants home appraisals to be independent. A deal struck between New York's attorney general and government-sponsored lenders Fannie Mae and Freddie Mac will not clean up the nation's subprime mortgage mess, but its backers say it is a big step toward fixing one of the causes of the crisis. (Tue, 04 Mar 2008 11:07:40 GMT)

Home loan modifications uncommon, report says
Most of California's mortgage lenders and loan servicers are not helping consumers facing foreclosure, and most will lose their homes, a home advocacy group reported Monday. (Tue, 04 Mar 2008 11:25:19 GMT)

Refinance.com Announces New Higher Mortgage Loan Limits to $729,750
Refinance.com, the nation's premier source for residential mortgage refinancing, has announced new higher mortgage loan limits up to $729,750 for a single family home, stated Nicholas Bratsafolis, chairman and CEO of Refinance.com. (Tue, 04 Mar 2008 11:30:00 GMT)

U.K. Homeowners Are Concerned About Mortgage Payments (Update1)
March 4 (Bloomberg) -- As many as one in five U.K. mortgage- holders are concerned about meeting their loan payments over the next 12 months, according to a Financial Services Authority survey. (Tue, 04 Mar 2008 11:41:29 GMT)

Man pleads guilty in Broward mortgage fraud
Lazaro Villalba, who led a mortgage fraud ring between 2003 and 2007 in Southwest Ranches, has pleaded guilty to charges of conspiracy to commit wire, bank and mail fraud, federal prosecutors said. (Tue, 04 Mar 2008 12:55:00 GMT)

Intellidyn Helps Mortgage Lenders Target New GSE and FHA Expanded Loan Limit Homeowner Prospects
BOSTON----Intellidyn™ Corporation today announced new market sizing and predictive marketing models to assist retail mortgage lenders immediately identify and market to homeowners who now qualify for refinance assistance resulting from the newly signed federal Economic Stimulus Bill. (Tue, 04 Mar 2008 13:00:00 GMT)

Divisions Persist over Home-Loan Assistance Effort
The Hope Now Alliance, a group of lenders organized by the Bush administration to help borrowers struggling to stay current with home mortgages, says it has helped 1 million homeowners since July. But critics say the effort isn't doing enough to address a crisis. (Tue, 04 Mar 2008 13:30:56 GMT)

Divisions Persist over Home-Loan Assistance Effort
The Hope Now Alliance, a group of lenders organized by the Bush administration to help borrowers struggling to stay current with home mortgages, says it has helped 1 million homeowners since July. But critics say the effort isn't doing enough to address a crisis. (Tue, 04 Mar 2008 13:32:59 GMT)

Bernanke: More mortgage, home woes ahead
Mortgage delinquencies and foreclosures will continue to rise for a while longer and further declines in house prices are likely, Federal Reserve Chairman Ben Bernanke said Tuesday. (Tue, 04 Mar 2008 14:24:25 GMT)

U.K. Homeowners Are Concerned About Mortgage Payments (Update2)
March 4 (Bloomberg) -- As many as one in five U.K. mortgage- holders are concerned about meeting their loan payments over the next 12 months, according to a Financial Services Authority survey. (Tue, 04 Mar 2008 14:41:35 GMT)

Bernanke beginning to understand mortgage mess
Rather than cling to the illusion that they’ll get repaid in full, banks should face up to their losses from all those bad mortgages they underwrote, Federal Reserve Chairman Ben Bernanke told bankers. (Tue, 04 Mar 2008 15:13:48 GMT)

Fitch Rates Thornburg Mortgage Securities Trust $985.3MM 2008-1
Fitch rates Thornburg Mortgage Securities Trust's residential mortgage pass-through certificates, series 2008-1, as follows: (Tue, 04 Mar 2008 16:08:19 GMT)

Fed chief: Cutting mortgage principal could ease crisis
Federal Reserve Chairman Ben Bernanke called Tuesday for more action to prevent distressed homeowners from falling into foreclosure, including a suggestion for mortgage lenders to reduce loan amounts to provide relief to struggling homeowners. (Tue, 04 Mar 2008 16:38:25 GMT)

Fremont's loan buyers declare it in default
The Brea-based bank says the action comes as its market value slips to less than $40 million. A successful lawsuit could shut it down altogether. Fremont General Corp., a Brea-based bank that was forced to shut down its sub-prime mortgage lending last year, said today that buyers of $3.15 billion of its home loans had declared it to be in default because its net worth has slipped so low. ... (Tue, 04 Mar 2008 17:52:52 GMT)

Senators say tighter bank standards needed to guard against mortgage-market losses
WASHINGTON - Lawmakers quizzed bank regulators Tuesday about whether the industry has done enough to protect itself from spreading losses on mortgage investments. (Tue, 04 Mar 2008 19:09:20 GMT)

Spitzer draws up mortgage relief plan
Gov. Eliot Spitzer has drafted a proposal to offer protection to homeowners who may be at risk of losing their house due to the subprime mortgage crisis. (Tue, 04 Mar 2008 19:14:33 GMT)

Fed Chief: Mortgage Crisis to Continue
Federal Reserve Chairman Ben Bernanke called Tuesday for additional action to prevent more distressed homeowners from falling into foreclosure (Tue, 04 Mar 2008 19:18:15 GMT)

Sector Snap: Mortgage Insurers Slide
Shares of mortgage insurers plunged Tuesday amid mounting signs that their businesses are struggling as the housing crisis worsens. (Tue, 04 Mar 2008 19:34:40 GMT)

Fed chief: Mortgage crisis to continue
Battling a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke called Tuesday for additional relief and urged lenders to help distressed owners by lowering the amount of their loans. (Tue, 04 Mar 2008 19:53:55 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, 04 Mar 2008 20:29:25 GMT)

Four more suspects charged in 2-county mortgage-fraud ring
DELAWARE, Ohio -- Four more people have been charged in Delaware County in a multimillion-dollar mortgage-fraud ring that operated in Franklin and Delaware counties. (Tue, 04 Mar 2008 20:54:26 GMT)

Banks should accept mortgage principal cuts: Bernanke
Banks may have to swallow reductions in the principal of some troubled home loans to ward off greater losses that could result from outright default, Federal Reserve Chairman Ben Bernanke said on Tuesday. (Tue, 04 Mar 2008 21:30:19 GMT)

Fed chief: Mortgage crisis to continue
Battling a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke called Tuesday for additional relief and urged lenders to help distressed owners by lowering the amount of their loans. (Tue, 04 Mar 2008 21:45:47 GMT)

Sacramento County to refinance bonds to cover pension obligations
Sacramento County supervisors agreed Tuesday to refinance nearly $347 million in bonds used to cover pension obligations. (Wed, 05 Mar 2008 00:06:00 GMT)

Macquarie scales back mortgage business
The global credit market shake-out has prompted Macquarie Bank to announce a significant scaling back of its mortgage business. (Wed, 05 Mar 2008 00:17:00 GMT)

Macquarie to "wind back" mortgage business
MACQUARIE Group is to wind back its retail and wholesale Australian residential mortgage origination services due to higher funding costs. (Wed, 05 Mar 2008 00:24:38 GMT)

AdBank hikes wholesale mortgage rate
Adelaide Bank, which was acquired by Bendigo Bank, has increased the cost of wholesale funds it supplies to mortgage brokers and originators by 40 basis points. (Wed, 05 Mar 2008 02:20:11 GMT)

Step by Step, Bush and Fed Move on Mortgage Rescue
The Bush administration and the Federal Reserve are inching closer toward a government rescue of distressed homeowners and mortgage lenders. (Wed, 05 Mar 2008 02:50:37 GMT)

Home loan limits expected to rise
Home loan limits are expected to go up sometime in mid-March. (Wed, 05 Mar 2008 03:17:47 GMT)

Home Loan Aid Advances In Legislature
Bill Goes Beyond Rell's Package; Republicans Object To Broad Scope A key committee in the Connecticut General Assembly approved a wide-ranging bill addressing the mortgage crisis Tuesday, including a three-part plan to assist homeowners struggling with home loan payments. (Wed, 05 Mar 2008 03:24:25 GMT)

How to Teflon-coat your mortgage
The strategy To Teflon coat my mortgage. Do I need to do that? Even if you've been coping well to date, the Reserve Bank's nasty trend of lifting interest rates should indicate it's time to stop, think and review your borrowings. How would you cope with another rate rise? Another two? (Wed, 05 Mar 2008 03:39:45 GMT)

Macquarie to scale back Australian mortgage business
SYDNEY, March 5 - Macquarie Group Ltd , Australia's top investment bank, said it will significantly scale back its domestic residential mortgage business as the cost of funding the loans has risen sharply due to the global credit crunch. (Wed, 05 Mar 2008 04:57:12 GMT)

Macquarie to scale back Australian mortgage business
SYDNEY, March 5 (Reuters) - Macquarie Group Ltd MQG.AX, Australia's top investment bank, said it will significantly scale back its domestic residential mortgage business as the cost of funding the loans has risen sharply due to the global credit crunch. (Wed, 05 Mar 2008 04:58:54 GMT)

Countrywide warns of potential loan dangers
LOS ANGELES -- Countrywide Financial Corp. has seen mortgage defaults rise as the housing market went from boom to bust, but the nation's largest home loan provider says it could have more trouble ahead with a particularly risky slate of loans -- pay-option adjustable rate mortgages. (Wed, 05 Mar 2008 05:04:42 GMT)

1 2 3 4 5 6 7 8 Next

---

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