Mortgage News Mar 2008

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Ameriana Bank Partners with Federal Home Loan Bank of Indianapolis to . offer Funding to Help Homeowners Relieve ...
offer Funding to Help Homeowners Relieve Threat of Foreclosure 21/03/2008 20:48:00 Business Wire Jerome J. (Fri, 21 Mar 2008 20:58:26 GMT)

Ameriana Bank Partners with Federal Home Loan Bank of Indianapolis to offer Funding to Help Homeowners Relieve Threat ...
Jerome J. Gassen, President and Chief Executive of Ameriana Bank, today announced a new mortgage initiative, HomeRetain, to assist families with modifying or refinancing their existing mortgages to more favorable terms and potentially avoid foreclosure. (Fri, 21 Mar 2008 21:07:36 GMT)

Thornburg Mortgage Delays Its Hail Mary
The beleagured mortgage lender still has issues to work out. (Fri, 21 Mar 2008 22:11:41 GMT)

Federal Reserve Rates Don't Affect Your Home Mortgage
Many people think that just because there was a federal rate was cut that home mortgage rates will drop, and that's not the case. (Fri, 21 Mar 2008 23:48:02 GMT)

Big mortgage lenders hit hardest by crisis as funds dry up
The biggest mortgage lenders are bearing the brunt of the fallout from the credit crunch, according to research which shows that many consumers are turning to smaller rivals to find more competitive deals. (Sat, 22 Mar 2008 01:34:27 GMT)

Tri-State Mortgage Bankers Say Credit For Homebuyers Is Available Now
Members of the Greater Cincinnati Mortgage Bankers Association (GCMBA) spread the word Friday that there is plenty of money available for borrowers with good credit. (Sat, 22 Mar 2008 01:35:27 GMT)

Mortgage lender sees future by looking in reverse
A longtime mortgage lender says one possible solution for older homeowners facing foreclosure is a relatively unknown product, but one whose prevalence she believes will only increase in the future. (Sat, 22 Mar 2008 02:15:30 GMT)

Two Bay Area men who ran mortgage scheme sentenced to prison
SAN FRANCISCO -- The two founders of a Bay Area company that prosecutors say victimized thousands of people in a mortgage scheme will be spending a long time behind bars. (Sat, 22 Mar 2008 02:46:56 GMT)

Some state pension plans seek returns in out-of-favor mortgage market
COLUMBIA, S.C. — The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy. (Sat, 22 Mar 2008 03:36:28 GMT)

Justice Department looks for crimes tied to mortgage crisis
The U.S. Justice Department is conducting a broad review of the subprime lending crisis to see if there is a "larger criminal story" to the mortgage meltdown, Attorney General Michael Mukasey said. (Sat, 22 Mar 2008 04:16:11 GMT)

Mortgage turmoil benefits pensions
COLUMBIA — The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy. Retirement systems in South Carolina and Pennsylvania are nibbling at the securities, betting that th... (Sat, 22 Mar 2008 04:40:50 GMT)

March Television Ad Campaign by TBA Lending.com Aids those Searching for Credible Mortgage Loans
The ability to serve not only the local Cincinnati area but the rest of the nation as well, TBA Lending's clients find themselves utilizing www.TBALending.com to aid in their search for their next new home loan, commercial loan, or refinancing options. (Sat, 22 Mar 2008 07:01:00 GMT)

March Television Ad Campaign by TBA Lending.com Aids those Searching for Credible Mortgage Loans
The ability to serve not only the local Cincinnati area but the rest of the nation as well, TBA Lending's clients find themselves utilizing www.TBALending.com to aid in their search for their next new home loan, commercial loan, or refinancing options. (PRWeb Mar 22, 2008) Read the full story at http://www.prweb.com/releases/2008/03/prweb790204.htm (Sat, 22 Mar 2008 07:14:26 GMT)

Banks remain wary of home loan risks
WASHINGTON - Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow - even for those with good credit. (Sat, 22 Mar 2008 07:17:21 GMT)

Mortgage fraud case brings calls for tighter regulations
LOS ANGELES - It was in August 2007 when investigator Eric Bremner found evidence in a shredder at Olympic Escrow Inc. he said confirmed borrowers' complaints that they had never signed the mortgage documents that pushed them into a new financial hell. (Sat, 22 Mar 2008 07:17:31 GMT)

Mortgage industry leery of lending
Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow — even... (Sat, 22 Mar 2008 07:39:46 GMT)

Pension funds bet on mortgage crisis
The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy. (Sat, 22 Mar 2008 09:30:14 GMT)

Union City man gets jail in mortgage fraud case
Two mortgage-elimination scam artists, including one from Union City, were sentenced this week for their roles in tricking homeowners into believing that the scammers could rid them of mortgage debt. (Sat, 22 Mar 2008 09:52:35 GMT)

Central banks in mortgage crisis talks: report
Central banks on both sides of the Atlantic are in talks about the feasibility of mass purchases of mortgage-backed securities in a bid to solve the global credit crisis, the Financial Times (FT) said on Saturday. (Sat, 22 Mar 2008 10:48:31 GMT)

Pension plans see mortgage value
The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy. Retirement systems in South Carolina and Pennsylvania are nibbling at the securities, betting that they have been beaten down so much that the ones with good credit ratings could yield strong returns later. South Carolina is ... (Sat, 22 Mar 2008 11:51:55 GMT)

West Side women charged with fraud in loan scheme
A Newman loan agent and a friend have been charged with defrauding the friend's 81-year-old mother-in-law out of her home's equity and thousands of dollars in annuities, causing her home to go into foreclosure. (Sat, 22 Mar 2008 12:30:11 GMT)

BoE denies mortgage security buyout plan
The Bank of England denied a report in the Financial Times on Saturday that it was proposing using public funds to make mass purchases of mortgage-backed securities in order to ease the credit crisis. (Sat, 22 Mar 2008 14:38:45 GMT)

BoE denies mortgage security buyout plan
The Bank of England (BoE) denied a report in the Financial Times that it was proposing using public funds to make mass purchases of mortgage-backed securities in order to ease the credit crisis. (Sat, 22 Mar 2008 14:47:55 GMT)

Interest-free revolving loan offers Broken Bow residents chance to demolish, rebuild housing
BROKEN BOW — A revolving loan fund adds incentive to clean up dilapidated houses in Broken Bow and to build affordable middle-income homes. (Sat, 22 Mar 2008 15:18:21 GMT)

Central banks in mortgage crisis talks: report
Central banks on both sides of the Atlantic are in talks about the feasibility of mass purchases of mortgage-backed securities in a bid to solve the global credit crisis, the UK's Financial Times has reported. (Sat, 22 Mar 2008 15:44:02 GMT)

Bank of America May Take $6.5 Billion Loss Provision (Update1)
March 22 (Bloomberg) -- Bank of America Corp. , the second biggest U.S. bank by assets, may take a record $6.5 billion loan- loss provision in the first quarter to cover possible future losses in its home equity and mortgage portfolios, Punk Ziegel and Co. analyst Richard Bove wrote. (Sat, 22 Mar 2008 16:59:32 GMT)

Central banks in mortgage crisis talks: report
LONDON (Reuters) - Central banks on both sides of the Atlantic are in talks about the feasibility of mass purchases of mortgage-backed securities in a bid to solve the global credit crisis,... (Sat, 22 Mar 2008 19:19:45 GMT)

BoE denies mortgage security buyout plan
LONDON (Reuters) - The Bank of England denied a report in the Financial Times on Saturday that it was proposing using public funds to make mass purchases of mortgage-backed securities in... (Sat, 22 Mar 2008 19:19:55 GMT)

BoE denies proposing to buy mortgage securities
LONDON, March 22 (Reuters) The Bank of England denied a report in the Financial Times on Saturday that it was proposing using public funds to make mass purchases of mortgage-backed securities in order to ease the credit crisis. (Sat, 22 Mar 2008 19:51:57 GMT)

BoE, Fed deny mortgage security buyout plan
The Federal Reserve and Bank of England denied a report on Saturday that they were in talks over possibly using public funds to make mass purchases of mortgage-backed securities to ease the global credit crisis. (Sat, 22 Mar 2008 20:01:52 GMT)

Homeowners to pick up £1.3bn bank bill of ‘reckless’ mortgage lenders
Britain's homeowners face paying an extra £1.3 billion a year because mortgage lenders have increased their profit margins to recoup their losses from bad debts. (Sat, 22 Mar 2008 21:19:13 GMT)

BoE, Fed deny mortgage security buyout plan
LONDON/WASHINGTON - THE Federal Reserve and Bank of England denied a report that they were in talks over possibly using public funds to make mass purchases of mortgage-backed securities to ease the global credit crisis. (Sat, 22 Mar 2008 23:39:42 GMT)

The Number: 35% rise in people seeking mortgage-debt advice
There has been a sharp increase in the ranks of borrowers seeking help with their mortgage debts. Citizens Advice says the number of people coming into its bureaux asking for guidance was up 35 per cent to 215,000 year-on-year during January and February. "It is a worrying trend that our bureaux are reporting very sharp rises in the number of mortgage0arrears problems they are dealing with," ... (Sun, 23 Mar 2008 00:25:33 GMT)

Brown joins Dabbers on loan.
Junior Brown has joined Nantwich Town on a months loan. (Sun, 23 Mar 2008 01:05:00 GMT)

Brown joins Dabbers on loan.
19-year-old Brown who has already had a loan spell at Kidsgrove Athletic has joined near neighbours Nantwich Town on loan for a month. (Sun, 23 Mar 2008 01:09:46 GMT)

Mortgage Insurers Back Away from Certain U.S. States, Loan Types
Miami--The mortgage industry is being stricter about issuing home loans to consumers with good credit and is refusing to insure certain loans in almost a quarter of the nation's ZIP codes--including areas such as Miami, which is experiencing falling home prices and a high foreclosure rate. (Sun, 23 Mar 2008 02:01:02 GMT)

Home mortgage standards getting tougher in Wisconsin
Mounting foreclosures and the subprime mortgage crisis have contributed to a national credit crunch, making it more difficult for borrowers to qualify for a mortgage loan.  Standards for home mortgages also are getting tougher in Wisconsin, especially for loans that banks pass on to national mortgage wholesalers. Recent changes in Wisconsin lending standards include: • The minimum FICO credit ... (Sun, 23 Mar 2008 03:35:53 GMT)

Mortgage insurers join those tightening rules / Some areas face outright refusal on certain loans
Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow - even for those with good credit. Mortgage insurers, whose backing is required for borrowers who can't afford the traditional 20... (Sun, 23 Mar 2008 03:37:36 GMT)

Mortgage Crisis HOld One Benefit For South Carolina
The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy. (Sun, 23 Mar 2008 04:02:23 GMT)

State pension plans seeking returns in mortgage market
The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy. Retirement systems in South Carolina and Pennsylvania are nibbling at the securities, betting that they have been beaten down so much that the ones with good credit ratings could yield strong returns later. South Carolina is ... (Sun, 23 Mar 2008 04:20:24 GMT)

Home mortgage standards getting tougher in Wisconsin
Mounting foreclosures and the subprime mortgage crisis have contributed to a national credit crunch, making it more difficult for borrowers to qualify for a mortgage loan. Standards for home mortgages also are getting tougher in Wisconsin, especially for loans that banks pass on to national mortgage wholesalers. Recent changes in Wisconsin lending standards include: The minimum FICO credit score ... (Sun, 23 Mar 2008 05:36:08 GMT)

Loan reviewers say their objections to bad loans unheeded
They could see the meltdown coming.     Freelance financial watchdogs who examined the paperwork on subprime home loans being sold to Wall Street had an inside view of the boom in easy-money lending this decade. (Sun, 23 Mar 2008 06:20:38 GMT)

FHA loans can ease the mortgage squeeze
The federal agency may aid those with little equity or cash for a down payment. With the housing downturn and credit crunch in full force, it might be time for home buyers and homeowners to learn more about a federal mortgage program launched during the Great Depression. (Sun, 23 Mar 2008 07:08:32 GMT)

Home calendar
Home Buying Class: Topics will include figuring out how much home you can afford, monthly payments, pre-approvals, choosing the right mortgage, making the right offer, home inspections, title insurance, improving credit scores and setting up a home loan action plan. 7-9 p.m. Tue. at the Lapeer and Upper Thumb Association of Realtors, 309 South Court Street in Lapeer. Free. Call Michelle Tobin, ... (Sun, 23 Mar 2008 07:22:24 GMT)

Mortgage insurers join those tightening rules / Some areas face outright refusal on certain loans
Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow - even for those with good credit. Mortgage insurers, whose backing is required for borrowers who can't afford the traditional 20... (Sun, 23 Mar 2008 07:22:43 GMT)

HUD proposes mortgage terms overhaul to provide better disclosure, crack down on scammers
Real estate news from Washington; President Bush supports an overhaul of the mortgage loan process (Sun, 23 Mar 2008 07:38:46 GMT)

Walking Out On A Mortgage Closes Doors
There's a terrible idea apparently spreading amid the mortgage meltdown that the best solution to foreclosure is to stop paying your mortgage and abandon your home. (Sun, 23 Mar 2008 08:23:25 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, 23 Mar 2008 08:58:46 GMT)

Home price free-fall not just a seller issue
The reality of what's happening to our homes is gut-wrenching. We've heard for months that home prices are falling, but it's different when you see it in black and white. (Sun, 23 Mar 2008 09:12:03 GMT)

Mortgage security buyout plan denied
LONDON: The Federal Reserve and Bank of England (BoE) denied a report yesterday that they were in talks over possibly using public funds to make mass purchases of mortgage-backed securities to ease the global credit crisis.However, the BoE said it was considering a number of other, unspecified options to address the turmoil in financial markets, which has continued despite the injection by ... (Sun, 23 Mar 2008 09:43:02 GMT)

Mortgage rates drop below 6%
WASHINGTON (AP) — Rates on 30-year mortgages dropped below 6 percent this past week for the first time in more than a month, reflecting aggressive efforts by the Federal Reserve to cut interest rates to protect the economy from a serious recession. (Sun, 23 Mar 2008 10:13:46 GMT)

Some state pension plans seek returns in mortgage market
COLUMBIA, S.C. (AP) - The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy. (Sun, 23 Mar 2008 10:40:37 GMT)

Fed: not in talks to coordinate mortgage-securities purchases
The U.S. Federal Reserve said it's not in discussions with other central banks to coordinate purchases of mortgage-backed securities, The Wall Street Journal reported. A Financial Times report on Saturday had said the Fed and some of its European counterparts awee talking about the practicality of using public money to buy large quantities of mortgage-backed assets to clean up the credit mess ... (Sun, 23 Mar 2008 12:21:51 GMT)

Parma homeowner uses 'short sale' to get out of mortgage
It took some doing, but Chuck Gumina is selling his Parma home and is getting out from under an interest-only mortgage he cannot afford. Wells Fargo Bank has agreed to a "short sale" on Gumina's Pershing Avenue home for $89,000. (Sun, 23 Mar 2008 12:42:03 GMT)

Mortgage crisis spurs second look at consumer protection law
Associated Press - March 23, 2008 9:35 AM ET CONCORD, N.H. (AP) - The subprime mortgage crisis is prompting some people to take another look at New Hampshire's consumer protection law. (Sun, 23 Mar 2008 13:40:22 GMT)

Get Extra Cash By Refinancing Your Car
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Sun, 23 Mar 2008 14:10:04 GMT)

Early in campaign, Sununu, Shaheen both focus on mortgage crisis
With about seven months to go until their November rematch, both Republican Sen. John Sununu and Democrat Jeanne Shaheen are emphasizing an issue that hits many voters particularly close to home. (Sun, 23 Mar 2008 14:28:21 GMT)

Mortgage standards getting tougher in state
Associated Press - March 23, 2008 12:05 PM ET MADISON, Wis. (AP) - It's becoming more difficult for would-be homebuyers to qualify for a mortgage loan. (Sun, 23 Mar 2008 16:08:05 GMT)

Mortgage standards getting tougher in state
MADISON, Wis. (AP) - It's becoming more difficult for would-be homebuyers to qualify for a mortgage loan. That's because mounting foreclosures and the subprime mortgage crisis have contributed to a national credit crunch. (Sun, 23 Mar 2008 16:11:00 GMT)

Foreclosure prevention fair big draw in Merced / Forum counselors and mortgage experts help borrowers who fail to call ...
An overflow crowd piled into the Merced Civic Center, spilling out of the main auditorium, into the halls and down the stairs. Some brought babies, others elderly parents. Everyone brought their paperwork - the sum of their financial lives and wreckage of... (Sun, 23 Mar 2008 16:27:02 GMT)

Foreclosure prevention fair big draw in Merced / Forum counselors and mortgage experts help borrowers who fail to call ...
An overflow crowd piled into the Merced Civic Center, spilling out of the main auditorium, into the halls and down the stairs. Some brought babies, others elderly parents. Everyone brought their paperwork - the sum of their financial lives and wreckage of... (Sun, 23 Mar 2008 17:12:14 GMT)

Bank of America may face $6.5 bln loan loss: analyst
Bank of America Corp , the largest U.S. retail bank, may set aside a record $6.5 billion in the first quarter to cover possible future loan losses, including in its mortgage and home equity portfolios, according to a banking analyst. (Sun, 23 Mar 2008 20:06:29 GMT)

Reverse mortgage bails out seniors facing foreclosure
George A. Downey, a longtime reverse-mortgage lender, walked into a seminar designed to help people explore creative financing alternatives in an attempt to avoid default and foreclosure. (Sun, 23 Mar 2008 20:21:57 GMT)

Mortgage Standards Getting Tougher in State
It's becoming more difficult for would-be homebuyers to qualify for a mortgage loan. (Sun, 23 Mar 2008 21:29:58 GMT)

Mortgage Crisis Hits Home
MADISON, Wis. (AP) -- It's becoming more difficult for would-be homebuyers to qualify for a mortgage loan. That's because mounting foreclosures and the subprime mortgage crisis have contributed to a national credit crunch. (Sun, 23 Mar 2008 22:45:05 GMT)

Bank of America may face $9b loan loss
NEW YORK - BANK of America, the largest United States retail bank, may set aside a record US$6.5 billion (S$9 billion) in the first quarter to cover possible future loan losses, including in its mortgage and home equity portfolios, according to a banking analyst. (Sun, 23 Mar 2008 23:09:52 GMT)

Why it's tougher than ever to find a mortgage deal if you're a first-time buyer
Banks and building societies are making it harder than ever to get a mortgage as they force their customers to pay for their losses in the credit crunch. (Mon, 24 Mar 2008 00:06:21 GMT)

Moneyfacts website finds fewer mortgage deals
About 10,000 mortgage products have been withdrawn following the credit crunch, according to Moneyfacts, the personal finance website. (Mon, 24 Mar 2008 00:35:52 GMT)

Subprime loan crisis is far-reaching
Subprime loan crisis is far-reaching (Mon, 24 Mar 2008 02:06:50 GMT)

Mortgage assets 'are likely target'
Central banks and governments in advanced economies will be forced to buy mortgage-backed securities within the next few months to stop the credit crisis, according to a former chief economist of the European Bank for Reconstruction and Development. (Mon, 24 Mar 2008 02:14:06 GMT)

Japan wants US to use public funds in mortgage crisis: report
The United States should use public funds to shore up its financial system and calm recent market turmoil, Japan's financial services minister said in an interview published Monday. (Mon, 24 Mar 2008 03:08:40 GMT)

UPDATE: Fed: Not In Talks To Coordinate Mortgage-securities Purchases
NEW YORK (Dow Jones) -- The U.S. Federal Reserve said it's not in discussions with other central banks to coordinate purchases of mortgage-backed securities, The Wall Street Journal reported. (Mon, 24 Mar 2008 03:31:00 GMT)

Banks see refi revival, but 'boomlet' may not last very long
The burst in refinancing seems to have reignited the mortgage market, but there are worries the recovery may be short-lived. (Mon, 24 Mar 2008 04:24:43 GMT)

Mortgage storm dragging PMI down
Stung by a $1 billion fourth-quarter loss, mortgage insurer The PMI Group Inc. said it will shore up its finances with a five-point plan that includes a potential asset sale and a focus on its core U.S. mortgage insurance business. (Mon, 24 Mar 2008 04:28:54 GMT)

Bank of America may face $6.5 billion loan loss: analyst
Bank of America Corp , the largest U.S. retail bank, may set aside a record $6.5 billion in the first quarter to cover possible future loan losses, including in its mortgage and home equity portfolios, according to a banking analyst. (Mon, 24 Mar 2008 04:35:39 GMT)

Bond bug: Subprime mortgage malady affects all areas of market
Like a virus, the poor lending decisions by subprime mortgage companies are infecting the bond market, and Kansas City's economy is not immune. (Mon, 24 Mar 2008 05:01:58 GMT)

WisePiggy.com Launches Mortgage Refinancing Quiz with Regard to Federal Reserve Cuts
Recent rate cuts by the Fed have some homeowners in a bind. With mortgage rates at their lowest in more than a month, is it time to look into refinancing? WisePiggy.com's featured quiz, "Is it Time to Refinance Your Mortgage?" helps homeowners make smart personal finance decisions when it comes to refinancing. (Mon, 24 Mar 2008 07:01:00 GMT)

Americas Watchdog Urges US Homeowners With Good Credit To Use American Interbanc When Refinancing or Financing In ...
In 2007 Americas Watchdog endorsed American Interbanc as the best mortgage lender in the United states for individuals with good to excellent credit. (Mon, 24 Mar 2008 07:01:00 GMT)

WisePiggy.com Launches Mortgage Refinancing Quiz with Regard to Federal Reserve Cuts
Recent rate cuts by the Fed have some homeowners in a bind. With mortgage rates at their lowest in more than a month, is it time to look into refinancing? WisePiggy.com's featured quiz, "Is it Time to Refinance Your Mortgage?" helps homeowners make smart personal finance decisions when it comes to refinancing. (PRWeb Mar 24, 2008) Read the full story at ... (Mon, 24 Mar 2008 07:15:43 GMT)

Americas Watchdog Urges US Homeowners With Good Credit To Use American Interbanc When Refinancing or Financing In ...
In 2007 Americas Watchdog endorsed American Interbanc as the best mortgage lender in the United states for individuals with good to excellent credit. The group made this endorsement because of American Interbanc's commitment to ethics, and its commitment to excellent rates. Americas Watchdog is now warning that unscrupulous lenders will use bait and switch tactics to lure homeowners in to a ... (Mon, 24 Mar 2008 07:23:23 GMT)

The inequities of a mortgage bailout
Does the mortgage crisis demand a government bailout? (Mon, 24 Mar 2008 07:55:17 GMT)

Why it's not too late to refinance
Earlier this year, when mortgage rates dipped below 6% for the first time since 2005, homeowners rushed to refinance costlier loans. In fact, more than six out of 10 mortgage applications so far this year have been for refis. (Mon, 24 Mar 2008 07:58:00 GMT)

Mortgage securities lure pensions
Pennsylvania is one state investing retirement funds. The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy. (Mon, 24 Mar 2008 07:58:22 GMT)

Loan shark used cop to intimidate - claim
A Woodhill businessman has turned to the Pretoria High Court for help after the owner of a money-lending company and a police officer allegedly intimidated him to get him to pay back his loan. (Mon, 24 Mar 2008 07:59:46 GMT)

Thornburg Mortgage Keeping Investors Sweating
The beleagured mortgage lender gave an omnious sign when it delayed its Hail Mary fund-raiser. (Mon, 24 Mar 2008 08:11:41 GMT)

Harry Gross: Mortgage help won't be taxed, thanks to Congress' quick fix
Dear Harry: I am one of the lucky ones in this credit crisis: the bank that issued my mortgage cut the interest rate and reduced my balance to compensate me for the increased interest for the last two years of my adjustable rate mortgage. This took a lot (Mon, 24 Mar 2008 08:35:04 GMT)

Add Up Costs To Score Cheapest Mortgage
Have you ever been perplexed or troubled after finding out that a neighbor or co-worker has a substantially lower mortgage rate than you do, even if you bought the properties at about the same time? You're not alone, but we'll let you in on a little secret - there is no free lunch in finance. (Mon, 24 Mar 2008 08:41:17 GMT)

Brothers find sharing house is a home run
Brothers John and Michael Ceriello Jr. wanted to buy houses in Brooklyn, but prices were out of their reach. Their solution: a two-family home. (Mon, 24 Mar 2008 08:48:38 GMT)

Industry players expect more homeowners to refinance their mortgage loans
SINGAPORE: Industry watchers expect more home owners to consider refinancing their mortgage loans as interest rates look set to dip further. (Mon, 24 Mar 2008 10:49:28 GMT)

Industry players expect more homeowners to refinance their mortgage loans
SINGAPORE: Industry watchers expect more home owners to consider refinancing their mortgage loans as interest rates look set to dip further. (Mon, 24 Mar 2008 10:49:28 GMT)

Industry players expect more homeowners to refinance their mortgage loans
SINGAPORE: Industry watchers expect more home owners to consider refinancing their mortgage loans as interest rates look set to dip further. In fact, mortgage and financial planning firm SingCapital has seen a three-fold jump in enquiries in the last two months. (Mon, 24 Mar 2008 11:03:38 GMT)

Ameriana Bank launches new mortgage initiative
Ameriana Bank has introduced its new initiative, HomeRetain, to assist families to modify or refinance their existing mortgages to more favorable terms and avoid foreclosure. (Mon, 24 Mar 2008 11:09:36 GMT)

Fremont Investment to sell mortgage servicing rights to Carrington Mortgage
Fremont Investment & Loan Bank has entered into a definitive agreement to sell the mortgage servicing rights to mortgage loans currently held in certain securitization trusts sponsored by an affiliate of Carrington Capital Management to its wholly owned subsidiary, Carrington Mortgage Services. (Mon, 24 Mar 2008 11:09:45 GMT)

Home equity loans drying up for some
Some homeowners are finding that even with great credit and 20 percent or more home equity, getting a line of credit on that equity can be difficult or impossible. (Mon, 24 Mar 2008 11:41:30 GMT)

Answer Desk: What if I can't pay my mortgage?
With defaults and foreclosures rising, readers are wondering: What if I can't pay my mortgage?  The Answer Desk, by msnbc.com's John W. Schoen. (Mon, 24 Mar 2008 11:41:40 GMT)

Bank of England Denies Plans for Mortgage Bailout
The Bank of England denied a report in the Financial Times on Saturday that it was proposing using public funds to make mass purchases of mortgage-backed securities in order to ease the credit (Mon, 24 Mar 2008 11:42:44 GMT)

Use Auto Refinancing to Ease the Family Budget
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. It's reported that gas prices could exceed $4 per gallon this summer. (Mon, 24 Mar 2008 12:10:05 GMT)

Industry players expect more homeowners to refinance their mortgage loans
SINGAPORE: Industry watchers expect more home owners to consider refinancing their mortgage loans as interest rates look set to dip further. In fact, mortgage and financial planning firm SingCapital has seen a three-fold jump in enquiries in the last two months. (Mon, 24 Mar 2008 12:18:57 GMT)

Home Loan Banks cleared to lift mortgage holdings
WASHINGTON (Reuters) - The Federal Home Loan Bank system will be permitted to expand their holdings of Fannie Mae (FNM.N) and Freddie Mac (FRE.N) securities by more than $100 billion under a... (Mon, 24 Mar 2008 13:05:16 GMT)

Home Loan Banks cleared to lift mortgage holdings
The Federal Home Loan Bank system will be permitted to expand their holdings of Fannie Mae and Freddie Mac securities by more than $100 billion under a plan endorsed by their regulator on Monday. (Mon, 24 Mar 2008 13:08:40 GMT)

Clinton calls for legal protections for honest mortgage lenders
PHILADELPHIA - Democrat Hillary Rodham Clinton proposed several remedies to the nation's home mortgage problems Monday, including one tool more often associated with Republicans than Democrats. (Mon, 24 Mar 2008 13:14:50 GMT)

Regulators let Home Loan Banks lift MBS holdings
WASHINGTON - Regional U.S. banks will be allowed to boost holdings of mortgage-backed securities by more than $100 billion, regulators said on Monday, announcing another bid to bring stability to troubled mortgage markets. (Mon, 24 Mar 2008 14:10:57 GMT)

Sector Glance: Mortgage Lenders
Shares of mortgage lenders mostly ticked higher Monday after JPMorgan Chase & Co. raised its bid for Bear Stearns Cos. JPMorgan, which initially offered to buy Bear Stearns for $2 per share, is now offering $10 per share. (Mon, 24 Mar 2008 14:27:00 GMT)

Data Warehouse Creates New Opportunity for Mortgage Lenders Following FHA's Increase in Funding Limits
Data Warehouse, a TRANZACT company and leading provider of marketing information solutions to the mortgage and financial industries, today announced that it has created a new and unique opportunity for mortgage lenders to increase funded loan volume. (Mon, 24 Mar 2008 15:01:00 GMT)

(AFX UK Focus) 2008-03-24 14:47 GMT: US Treasury's Paulson praises expanded Federal Home Loan Bank mortgage investing
WASHINGTON (Thomson Financial) - US Treasury Secretary Henry Paulson today praised the expanded mortgage securities investment plan for the Federal Home Loan Banks announced this morning. (Mon, 24 Mar 2008 15:20:32 GMT)

Home Loan Banks to Aid Mortgage Market
The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets. (Mon, 24 Mar 2008 15:26:17 GMT)

BlackRock, Highfields back distressed mortgage fund PennyMac
Fixed-income giant BlackRock and hedge fund firm Highfields are backing a new company that will buy distressed home loans, the latest sign that buyers in the beleaguered mortgage market may be emerging. (Mon, 24 Mar 2008 15:58:48 GMT)

BlackRock sponsoring new mortgage firm
The former president and chief operating officer of Countrywide Financial Corp. will run a new mortgage company unveiled Monday to acquire and restructure distressed mortgages. (Mon, 24 Mar 2008 16:14:07 GMT)

Regulators let Home Loan Banks lift MBS holdings
Regional banks will be allowed to temporarily boost holdings of mortgage-backed securities by up to about $150 billion, regulators said on Monday, announcing another bid to bring stability to troubled mortgage markets. (Mon, 24 Mar 2008 16:33:15 GMT)

Mortgage system gets another $100B-plus shot in the arm
The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by more than $100 billion over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets. (Mon, 24 Mar 2008 16:55:03 GMT)

Clinton calls for mortgage lender protections
Democrat Hillary Rodham Clinton proposed several remedies to the nation's home mortgage problems today, including one tool more often associated with Republicans than Democrats. (Mon, 24 Mar 2008 16:55:16 GMT)

Regulators let Home Loan Banks lift MBS holdings
WASHINGTON (Reuters) - Regional U.S. banks will be allowed to boost holdings of mortgage-backed securities by more than $100 billion, regulators said on Monday, announcing another bid to... (Mon, 24 Mar 2008 17:05:18 GMT)

Home loan banks can buy $100B more mortgages
The government allows regional banks to purchase twice as many securities from Fannie and Freddie, another move to inject liquidity into the struggling housing market. (Mon, 24 Mar 2008 18:09:15 GMT)

Clinton proposes remedies for mortgage problems
Sen. Clinton proposed several remedies to the nation's home mortgage problems Monday. (Mon, 24 Mar 2008 18:15:22 GMT)

10 indicted for mortgage fraud
Colorado Attorney General John Suthers plans to reveal details Monday afternoon about indictments against 10 individuals who allegedly participated in a large mortgage-fraud operation, according to the Colorado Department of Law. (Mon, 24 Mar 2008 18:36:36 GMT)

Clinton tackles the mortgage crisis
Hillary Clinton proposed several remedies to the nation's home mortgage problems Monday. (Mon, 24 Mar 2008 18:43:09 GMT)

Investment management firms, former Countrywide exec start new mortgage firm
Private National Mortgage Acceptance Co. LLC, a new mortgage company designed to purchase and restructure distressed mortgages, was unveiled Monday, led by investment management firms BlackRock Inc., Highfields Capital Management and former Countrywide Financial Corp. president Stanford Kurland, according to a BlackRock release. (Mon, 24 Mar 2008 18:58:05 GMT)

US federal home loan banks get $100B in extra mortgage-buying power
WASHINGTON - The U.S. Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by US$100 billion over two years in the latest U.S. government effort to stabilize the devastated market for mortgage-backed assets. (Mon, 24 Mar 2008 19:00:56 GMT)

Federal home loan banks get $100 billion in extra mortgage-buying power
WASHINGTON (AP) - Help is on the way for the devastated market for mortgage-backed assets. The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion over two years. (Mon, 24 Mar 2008 20:42:15 GMT)

Home Loan Banks to Aid Mortgage Market
The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets. (Mon, 24 Mar 2008 20:59:25 GMT)

Calif. prosecutors indict 19 in mortgage fraud scheme
Federal prosecutors on Monday announced indictments in a mortgage scheme they say victimized more than 100 homeowners and siphoned off nearly $13 million in home equity. (Mon, 24 Mar 2008 20:59:32 GMT)

Calif. prosecutors indict 19 in mortgage fraud scheme
Federal prosecutors on Monday announced indictments in a mortgage scheme they say victimized more than 100 homeowners and siphoned off nearly $13 million in home equity. Dozens of people in California and elsewhere lost their homes in the scam, which... (Mon, 24 Mar 2008 21:36:27 GMT)

Home Loan Bank Boost Could Help MBS Market Sentiment
WASHINGTON -(Dow Jones)- The amount of money that Federal Home Loan Banks will inject into the stifled mortgage-backed securities market under a new program is uncertain, but bank officials and analysts said Monday that the psychological benefit alone could be enough to help the housing market. (Mon, 24 Mar 2008 22:26:38 GMT)

Home loan banks get $100 bn extra mortgage-buying clout
The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion... (Mon, 24 Mar 2008 22:28:37 GMT)

Charges laid in alleged nationwide mortgage scam
U.S. officials said on Monday that they had charged 19 people with targeting desperate homeowners facing foreclosure and stealing at least $12.6 million through illegal mortgage and loan activities. (Mon, 24 Mar 2008 23:08:19 GMT)

Clinton Proposes Remedies for Mortgage Crisis
All Things Considered , March 24, 2008 · In a speech Monday, Sen. Hillary Clinton (D-NY) proposed that the federal government give mortgage companies protection from lawsuits by investment banks, which would allow restructuring of mortgages to help homeowners in default. (Mon, 24 Mar 2008 23:28:02 GMT)

Calif. Prosecutors Target Mortgage Fraud
Federal prosecutors on Monday announced indictments in a mortgage scheme that siphoned off nearly $13 million in home equity and victimized more than 100 homeowners who had been seeking to avoid foreclosure. (Tue, 25 Mar 2008 00:52:50 GMT)

THINKING OF REFINANCING YOUR HOUSE, READ THIS FIRST!
KUALA LUMPUR, March 25 (Bernama) -- Refinancing or re-mortgaging your house simply means switching your existing mortgage for a new and better deal, often to a new mortgage lender or bank. (Tue, 25 Mar 2008 01:36:49 GMT)

19 Indicted In Alleged California Mortgage Scam
Federal prosecutors on Monday announced indictments in a mortgage scheme that victimized more than 100 homeowners and siphoned off nearly $13 million in home equity. (Tue, 25 Mar 2008 01:41:41 GMT)

Mortgage crisis spurring a revival for FHA loans
With the housing downturn and credit crunch in full force, it might be time for home buyers and homeowners to learn more about a federal mortgage program launched during the Great Depression. (Tue, 25 Mar 2008 02:01:26 GMT)

La Habra man, 18 others indicted in alleged mortgage scam
Federal authorities have indicted Charles Head of La Habra and 18 others in an alleged mortgage scam involving more than 100 homes nationwide (Tue, 25 Mar 2008 02:33:55 GMT)

Houses stolen in mortgage fraud, indictments allege
Federal prosecutors name 19 suspects in a nationwide scam that left strapped homeowners without title to their houses or without the equity they had built up. Federal prosecutors today charged 19 individuals mainly from Southern California with defrauding homeowners in trouble partly by using "foreclosure rescue pitches" and a equity-draining technique called "equity stripping." (Tue, 25 Mar 2008 02:37:52 GMT)

California prosecutors indict 19 in mortgage fraud scheme
SACRAMENTO -- Federal prosecutors say more than 100 homeowners in California and across the country were victimized in a mortgage scheme that siphoned off nearly $13 million in home equity. (Tue, 25 Mar 2008 02:46:16 GMT)

Tuesday (Malaysian National News Agency
Thinking Of Refinancing Your House, Read This First! KUALA LUMPUR, March 25 (Bernama) -- Refinancing or re-mortgaging your house simply means switching your existing mortgage for a new and better deal, often to a new mortgage lender or bank. (Tue, 25 Mar 2008 03:10:03 GMT)

$100 billion boost envisioned for Fannie, Freddie / Home Loan Banks get OK to double mortgage purchases
The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets. The 12 regional banks in the... (Tue, 25 Mar 2008 04:52:26 GMT)

Charges laid in alleged nationwide mortgage scam
U.S. officials said on Monday that they had charged 19 people with targeting desperate homeowners facing foreclosure and stealing at least $12.6 million through illegal mortgage and loan activities. (Tue, 25 Mar 2008 04:52:38 GMT)

La Habran named in mortgage scam
SACRAMENTO - Federal prosecutors Monday announced indictments in a mortgage scheme that victimized more than 100 homeowners and siphoned off nearly $13million in home equity. (Tue, 25 Mar 2008 06:54:16 GMT)

Mortgage insurers get tougher on buyers
Private mortgage insurers are demanding larger down payments and higher credit scores and otherwise limiting the loans they will back in Colorado and elsewhere. (Tue, 25 Mar 2008 07:35:56 GMT)

10 indicted in mortgage scheme
Ten people were indicted Friday — the last of them arrested Monday — in a scheme that allegedly used bogus home-improvement companies to siphon more than $1 million from 19 mortgage lenders (Tue, 25 Mar 2008 07:36:15 GMT)

$100 billion boost envisioned for Fannie, Freddie / Home Loan Banks get OK to double mortgage purchases
The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets. The 12 regional banks in the... (Tue, 25 Mar 2008 07:37:36 GMT)

In effort to boost market, home loan system can up Fannie, Freddie purchases
The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets. (Tue, 25 Mar 2008 08:34:19 GMT)

Mortgage trouble? Act fast to avert foreclosure
FITCHBURG - Homeowners who have mortgage payment problems or face foreclosure may be able to save their homes. (Tue, 25 Mar 2008 08:57:34 GMT)

Bank of China Profit Growth Curbed by Subprime Mortgage Loss
March 25 (Bloomberg) -- Bank of China Ltd. posted the smallest full-year profit gain among the nation's 14 publicly traded lenders after writing down subprime mortgage investments. (Tue, 25 Mar 2008 09:19:12 GMT)

Home loan banks empowered to ease credit crunch
WASHINGTON - The Federal Home Loan Bank system will be allowed to increase purchases of Fannie Mae and Freddie Mac securities by $100 billion over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets. (Tue, 25 Mar 2008 09:19:44 GMT)

Mortgage scam focused on 'desperate'
SACRAMENTO -- Federal prosecutors Monday announced indictments in a mortgage scheme that victimized more than 100 homeowners and siphoned off nearly $13 million in home equity. (Tue, 25 Mar 2008 10:17:55 GMT)

Capstead Mortgage says market settling down
Capstead Mortgage Corp said on Tuesday that it expected to have sufficient liquidity to manage its $7.3 billion portfolio absent any significant drop in financing availability, but it would take a $1.5 million first-quarter loss from a recent sale of $760 million of debt. (Tue, 25 Mar 2008 10:41:51 GMT)

Chinese banks report hefty profit gains for 2007 despite mortgage lending crisis
Major Chinese lenders Industrial & Commercial Bank of China and Bank of China posted record profits in 2007, as gains in interest income and fee-based businesses offset any losses due to the mortgage-lending crisis. (Tue, 25 Mar 2008 11:26:00 GMT)

Chinese Banks Report Hefty Profit Gains for 2007 Despite Mortgage Lending Crisis
Elaine Kurtenbach March 25, 2008 - 08:02 a.m. SHANGHAI, China (AP) - Major Chinese lenders Industrial & Commercial Bank of China and Bank of China posted record profits in 2007, as gains in interest income and fee-based businesses offset losses from the global mortgage-lending crisis. (Tue, 25 Mar 2008 12:11:09 GMT)

Capstead Mortgage Sells Assets at Loss
Capstead Mortgage Corp., a real estate investment trust, said Tuesday it recently completed the sale of $760 million of agency-guaranteed mortgage securities for a loss of about $1.5 million. (Tue, 25 Mar 2008 12:14:22 GMT)

Ex-Countrywide Chief Forms Mortgage Buyout Firm
The former head of troubled mortgage lender Countrywide hopes to cash in on the mortgage crisis with a new venture. Stanford Kurland is heading up a company called PennyMac, which buys and restructures distressed mortgages. (Tue, 25 Mar 2008 14:48:17 GMT)

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