Mortgage News Apr 2008

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Britain's biggest buy-to-let mortgage provider expects to halve its loans
A buy-to-let mortgage lender has claimed it expects advances to fall by 50 per cent in the next six months due to lending limitations. Solihull-based company Paragon also admitted staff numbers will be reduced by one third as lower levels of business are leading to cuts (Tue, 01 Apr 2008 00:02:59 GMT)

Thornburg Mortgage Raises $1.35 Billion Through Private Placement of Senior Subordinated Secured Notes and Warrants
Thornburg Mortgage, Inc. (NYSE: TMA) today announced that it has completed its previously announced offering to raise $1.35 billion from the sale of senior subordinated secured notes, warrants to purchase common stock and a participation ... (Tue, 01 Apr 2008 01:00:01 GMT)

BankSA lifts home loan rates
SA's largest mortgage provider, BankSA, has become the major bank with the highest variable home loan rate of 9.47 per cent, following a hike announced yesterday. (Tue, 01 Apr 2008 01:03:04 GMT)

Beware Of Mortgage Scam
A local couple is trying to start over after being hit by a mortgage scam. INSIDE: Tom Wait reports (Tue, 01 Apr 2008 01:04:28 GMT)

Homeowner relief bill stalled in Senate
Though lawmakers have vowed to confront the deepening mortgage crisis, Senate leaders are locked in a procedural stalemate over how to take up a homeowner relief bill. (Tue, 01 Apr 2008 01:07:58 GMT)

BankSA lifts home loan rate
BankSA, has become the major bank with the highest variable home loan rate of 9.47 per cent, following a hike announced yesterday. (Tue, 01 Apr 2008 01:55:00 GMT)

Mortgage Mess Means Opportunity
Many Americans are losing their homes due to the subprime mortgage crisis, but others are hoping for a rare opportunity to jump into the housing market. (Tue, 01 Apr 2008 02:05:45 GMT)

Some local lenders withstood subprime mortgage crisis
The collapse of the subprime mortgage market last year led to plummeting home prices in many cities and a tight squeeze on the amount of credit available to homebuyers. (Tue, 01 Apr 2008 03:31:02 GMT)

Mortgage meltdown deals a double whammy
The mortgage market meltdown has dealt Jim Halbert a double whammy. First he lost his job because of it, and now the former mortgage underwriter for defunct Houston-based Aegis is worried he's about to lose his home. (Tue, 01 Apr 2008 05:41:26 GMT)

State seeks revocation of brokers' licenses
The Division of Real Estate is seeking to revoke the licenses of mortgage brokers Laura Ann Stearnes and Stephen Angelo Benaske, for an alleged mortgage fraud scheme in Denver. The division alleges that Stearnes, while working with an out-of-state client she apparently met through an online dating service, fraudulently redirected the consumer's refinance proceeds of $80,890. (Tue, 01 Apr 2008 06:14:50 GMT)

NJ Mortgage Company Seminars Bring Together Experts for Stress-Free Education in Home Buying
NJ mortgage company helps first-time home buyers and experienced home owners improve their financial situation with competitive rates, fast approvals and closings, adjustable rate loans, reverse mortgages, and many other flexible loan products to meet buyers' individual needs (Tue, 01 Apr 2008 07:01:00 GMT)

(AFX UK Focus) 2008-04-01 08:10 GMT: Geting Holding's bank sees its mortgage loans growing less yr-on-yr in 2008
WARSAW (Thomson Financial) - Poland's mid-sized lender Getin Bank sees less growth in its mortgage loans this year after a low-base effect allowed Getin Holding SA's lender to sell 40 percent more mortgages year-on-year in 2007, the bank's CEO was quoted as saying. (Tue, 01 Apr 2008 07:16:52 GMT)

NJ Mortgage Company Seminars Bring Together Experts for Stress-Free Education in Home Buying
NJ mortgage company helps first-time home buyers and experienced home owners improve their financial situation with competitive rates, fast approvals and closings, adjustable rate loans, reverse mortgages, and many other flexible loan products to meet buyers' individual needs (PRWeb Apr 1, 2008) Read the full story at http://www.prweb.com/releases/2008/04/prweb815674.htm (Tue, 01 Apr 2008 07:31:18 GMT)

2 mortgage brokers face license revocation
The Colorado Department of Regulatory Agencies on Monday said the Division of Real Estate is seeking license revocation for mortgage brokers Laura Ann Stearnes and Stephen Angelo Benaske. (Tue, 01 Apr 2008 07:34:15 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, 01 Apr 2008 08:16:38 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? (Tue, 01 Apr 2008 10:56:08 GMT)

In Philadelphia, 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. (Tue, 01 Apr 2008 11:54:27 GMT)

New York Mortgage Trust Reports Fourth Quarter and Full Year 2007 Results
New York Mortgage Trust, Inc. , a self-advised real estate investment trust engaged in the investment in and management of Agency mortgage-backed securities and high credit quality residential adjustable rate mortgage loans, today reported results for its fourth quarter and full year ended December 31, 2007, and provided an update on recent developments for the quarter ended March 31, 2008. (Tue, 01 Apr 2008 12:00:00 GMT)

Hanover Capital Mortgage Holdings Announces Notification of Late Filing of Form 10-K; Rescheduling of Earnings ...
Hanover Capital Mortgage Holdings, Inc. announced today that it will be filing its Form 10-K for the fourth quarter and year ended December 31, 2007, not later than Wednesday, April 2, 2008, as the Company has filed a Form 12, Notification of Late Filing, with the SEC on March 31, 2008. (Tue, 01 Apr 2008 12:00:00 GMT)

First Houston Announces Professional Mortgage Services as New Net Branch
HOUSTON----First Houston Mortgage, a mortgage-banking firm licensed in 18 states that offers expertise in every aspect of the residential mortgage lending process, announced Professional Mortgage Services, a mortgage lender serving the San Antonio area for more than 15 years, as its latest net branch. (Tue, 01 Apr 2008 13:00:00 GMT)

Expert Group Adds Credit Repair Services Through Joint Marketing Campaign With Expert Credit Fix USA
Expert Group, Inc. announced today that the Company is expanding its range of services through a new joint campaign with Expert Credit Fix USA. Expert Group specializes in refinance loans, home mortgage loans, and new home purchases as well as foreign national loans, and now offers a range of credit repair services through its sister company, Expert Credit Fix USA. (Tue, 01 Apr 2008 13:00:00 GMT)

Benny Kass: Do some math to see if refinancing is worth the closing costs
I bought my condo 18 months ago. The interest rate on my 30-year loan is 6.25 percent. (Tue, 01 Apr 2008 14:41:31 GMT)

Scottish Widows drops 100 per cent mortgage
Scottish Widows has amended the terms of its professional mortgage, writes Myra Butterworth. (Tue, 01 Apr 2008 15:19:01 GMT)

ATP Oil & Gas: Meet goals, win free mortgage for a year
ATP Oil & Gas Corp. is challenging its 66 employees to meet a set of goals by next year -- and offering a reward for achieving the goals of a free mortgage for each of them for a year. (ATPG) (Tue, 01 Apr 2008 15:33:59 GMT)

Sector Snap: Home Mortgage REITs Jump
Shares of home mortgage real estate investment trusts climbed Tuesday amid a broader market rally and after a Stifel Nicolaus & Co. analyst maintained his "Buy" rating on four REITs. (Tue, 01 Apr 2008 15:46:50 GMT)

Luminent Mortgage seeks to become partnership
Luminent Mortgage Capital Inc. has filed with the Securities and Exchange Commission to change the structure of the company from a real estate investment trust to a publicly traded partnership. (LUM) (Tue, 01 Apr 2008 16:03:16 GMT)

Bank announces mortgage range move
First Direct announced that it was withdrawing its mortgage range from new customers while two other lenders raised their rates for existing ones. (Tue, 01 Apr 2008 16:52:05 GMT)

Thornburg Mortgage raises $1.35 billion to placate lenders
Thornburg Mortgage has raised enough cash to placate a group of lenders who would otherwise have shortly begun demanding liquidation of the company's assets. (TMA) (Tue, 01 Apr 2008 16:57:27 GMT)

Thornburg Mortgage Raises $1.35 Billion
Thornburg Mortgage said it has raised $1.35 billion in an offering as the Santa Fe company attempts to stay in business and avoid bankruptcy (Tue, 01 Apr 2008 16:57:53 GMT)

FBI says targets major insiders in mortgage probe
The FBI is targeting major corporate insiders and criminal groups in its investigation of fraud in the mortgage lending industry, agency chief Robert Mueller said on Tuesday. (Tue, 01 Apr 2008 17:34:35 GMT)

Mortgage Counseling Requirement?
Lawmakers in Annapolis are debating a mortgage counseling requirement for those signing up for "risky" mortgages. (Tue, 01 Apr 2008 17:35:41 GMT)

First Direct suspends new mortgage lending
First Direct has temporarily suspended mortgage lending to new customers after being swamped by applications following moves by rival banks to pull similar mortgage deals because of worsening conditions in the money markets. (Tue, 01 Apr 2008 19:13:04 GMT)

Auto Loan Refinance to Reduce Monthly Payments
(ARA) - If high gas prices coupled with a big monthly car payment have you thinking that it might be time to trade in your truck or SUV, you'll be happy to know there is an alternative. (Tue, 01 Apr 2008 19:13:25 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Tue, 01 Apr 2008 19:14:03 GMT)

Senate to renew debate on mortgage help
The U.S. Senate will renew its efforts to tackle the housing mortgage crisis, Senate leaders said Tuesday. (Tue, 01 Apr 2008 20:29:59 GMT)

Fed 'Bears' mortgage burden
Mortgage securities assumed by Fed as part of Bear Stearns-JPMorgan deal, Treasury letter confirms. (Tue, 01 Apr 2008 22:18:39 GMT)

Nation - Tuesday
A bipartisan group in the Senate promised to draft a bill to help homeowners hit by the mortgage crisis. The Dems' version rewrites bankruptcy law so judges can erase mortgage debt. It also spends more on fixing abandoned properties and gives $10 bil in tax-exempt bond authority for mortgage refinancing. Republicans favor extending tax credits to buyers of homes in or near foreclosure. (Tue, 01 Apr 2008 22:34:53 GMT)

Senate Seeks to Assuage Home Mortgage Crisis
The Senate voted to move ahead on a bill that would let states issue bonds for refinancing subprime loans. But it's unclear whether the legislation's centerpiece -- a provision to allow bankruptcy courts to rewrite mortgage terms -- will survive debate. (Tue, 01 Apr 2008 22:36:19 GMT)

Senate Seeks to Assuage Home Mortgage Crisis
The Senate voted to move ahead on a bill that would let states issue bonds for refinancing subprime loans. But it's unclear whether the legislation's centerpiece -- a provision to allow bankruptcy courts to rewrite mortgage terms -- will survive debate. (Tue, 01 Apr 2008 22:38:39 GMT)

Letter confirms mortgage assets as part of Bear Stearns-JPMorgan deal
WASHINGTON - The U.S. Federal Reserve is taking on mortgage-backed securities and other investments as part of its US$29 billion rescue of Bear Stearns, a government official confirmed in a letter to the U.S. Congress. (Tue, 01 Apr 2008 22:40:44 GMT)

Couple Decries Mortgage Company's Tactics
Scott Day and his wife, Vivian Martin, called themselves victims of outrageous harrassment by AIG American General Financial Services. The couple is one month behind on their mortgage payment. (Tue, 01 Apr 2008 23:05:41 GMT)

Senate to consider mortgage help for struggling homeowners
In a surprise move, the Senate has voted to consider legislation aimed at helping millions of homeowners avoid foreclosure. The major points of the bipartisan bill are expected by noon tomorrow, Senate leaders said. Major elements include expanded mortgage counseling,... (Wed, 02 Apr 2008 00:39:19 GMT)

Q&A on the mortgage maze
Q. Is the mortgage market really in turmoil? (Wed, 02 Apr 2008 00:52:00 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? (Wed, 02 Apr 2008 01:25:10 GMT)

First Direct Suspends New Mortgage Lending, FT Says (Correct)
(Corrects CEO name from Pillington to Pilling in story first moved on April 1.) April 2 (Bloomberg) -- First Direct, a telephone and online bank owned by London-based HSBC Holdings Plc, has temporarily halted mortgage lending to new customers after a five-fold increase in applications, the Financial Times reported. (Wed, 02 Apr 2008 05:12:10 GMT)

Calls for mortgage help go unanswered
Critics claim Hope Now, a White House-backed group formed to help struggling homeowners, supports the interests of lenders, not homeowners. (Wed, 02 Apr 2008 05:40:53 GMT)

New Reverse Mortgage Market Opportunity Report Gives Originators 'In-The-Know' an Edge
Reverse Market Insight announces new product for originators to target marketing and sales efforts in the reverse mortgage industry. Market size, penetration, volume trends and competitive statistics power effective marketing and sales results. (Wed, 02 Apr 2008 07:01:00 GMT)

A Bipartisan Bid on Mortgage Aid Is Gaining Speed
The push is the latest sign of a growing consensus that broader government action is needed to prevent a torrent of new foreclosures. (Wed, 02 Apr 2008 07:40:07 GMT)

Republicans defy dogma, soften on mortgage help
Wed, Apr 2, 2008 (2 a.m.) Washington — Sen. John Ensign sat in his Capitol office Tuesday, images of Ronald Reagan peeking out from photos and bookshelves, to discuss something alien to the former president: government intervention in the mortgage mess. (Wed, 02 Apr 2008 09:02:46 GMT)

Mortgage lenders, homebuilders limit London advance
Losses from mortgage lenders and homebuilders kept London shares in check on Wednesday, as a move by a unit of HSBC Holdings to suspend mortgage lending and HBOS reporting falling margins flagged up pain ahead for homeowners. (Wed, 02 Apr 2008 09:05:01 GMT)

Mortgage approvals fall again
Bank of England figures show a fall in new mortgage approvals and a record rise in other loans. (Wed, 02 Apr 2008 09:08:36 GMT)

U.K. Mortgage Approvals Stay Close to Nine-Year Low (Update2)
April 2 (Bloomberg) -- U.K. mortgage approvals dropped close to the lowest level in nine years in February as the property market slumped and banks curbed lending. (Wed, 02 Apr 2008 09:41:57 GMT)

Sudanese family's home loan 'an aberration'
The Commonwealth Bank has described as an aberration an unaffordable home loan being granted to a Sudanese family in Melbourne. (Wed, 02 Apr 2008 10:00:00 GMT)

Sudanese family's home loan 'an aberration'
The Commonwealth Bank has described as an aberration an unaffordable home loan being granted to a Sudanese family in Melbourne. (Wed, 02 Apr 2008 10:00:00 GMT)

Ahead of the Bell: Mortgage Applications
Home-loan data to be released Wednesday will show whether lower interest rates continued to push mortgage applications in the opposite direction. (Wed, 02 Apr 2008 10:21:34 GMT)

Time is good to refinance
Not everyone is eligible. Posted: Wednesday, April 02, 2008 at 6:54 a.m. MARQUETTE -- Our unstable economy is scaring off many potential homebuyers from getting a mortgage. But for those who already have mortgages, this is a perfect time to get a new one as interest rates have dropped significantly. (Wed, 02 Apr 2008 11:02:50 GMT)

Volume of mortgage applications down 28.7% last week: MBA
CHICAGO (MarketWatch) -- The volume of mortgage applications filed decreased last week, down a seasonally adjusted 28.7% compared with the previous week, the Mortgage Bankers Association said Wednesday. (Wed, 02 Apr 2008 11:05:01 GMT)

Mortgage Application Volume Tumbles
Mortgage application volume tumbled 28.7 percent during the week ending March 28, according to the Mortgage Bankers Association's weekly survey. (Wed, 02 Apr 2008 11:12:55 GMT)

HSBC U.K. Unit Halts Home Loans as Applications Soar (Update2)
April 2 (Bloomberg) -- First Direct, the British online and telephone banking unit of HSBC Holdings Plc , suspended mortgage lending to new customers after a low-rate home loan caused applications to rise fivefold. (Wed, 02 Apr 2008 11:26:49 GMT)

HSBC U.K. Unit Halts Home Loans as Applications Soar (Update2)
April 2 (Bloomberg) -- First Direct, the British online and telephone banking unit of HSBC Holdings Plc , suspended mortgage lending to new customers after a low-rate home loan caused applications to rise fivefold. (Wed, 02 Apr 2008 11:31:14 GMT)

Mortgage-aid measure advances in U.S.
Senate Democratic and Republican leaders said they would work urgently on a package of legislation to help millions of homeowners at risk of foreclosure. (Wed, 02 Apr 2008 11:38:37 GMT)

New mortgage applications fall 29%
Mortgage Bankers Association's survey reveals that application volume declined in latest week as rates for fixed-rate loans increased. (Wed, 02 Apr 2008 11:48:39 GMT)

Reader Question: How Do I Get the Best Low Fixed Rate Mortgage?
What's the best way to get a low fixed rate mortgage on a home purchase? (Wed, 02 Apr 2008 12:00:00 GMT)

Mortgage Application Volume Drops
(RTTNews) - Mortgage application volume dropped sharply in the most recent week, moderating after a substantial jump higher in the pervious period. (Wed, 02 Apr 2008 12:02:16 GMT)

Mortgage demand drops after rocketing; key rate at 5.75%
Mortgage applications plunged last week, largely reflecting a drop in demand for home refinancing loans, although mortgage rates remained below 6%, an industry group said Wednesday. (Wed, 02 Apr 2008 15:43:39 GMT)

MFA Mortgage Sets Quarterly Dividend
MFA Mortgage Investments Inc. declared a regular quarterly cash dividend of 18 cents. The real estate investment trust said the dividend is payable April 30 to shareholders of record on April 14. (Wed, 02 Apr 2008 16:46:24 GMT)

First Direct and Co-op withdraw mortgage deals
Lenders First Direct and The Co-operative Bank have withdrawn mortgage offers for new customers after being swamped with demand as rivals have raised rates due to the credit crunch. (Wed, 02 Apr 2008 16:47:00 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Wed, 02 Apr 2008 17:59:09 GMT)

Venture West Funding Arranges $12.355 Mln Loan On Four Apartment Buildings
(RTTNews) - Wednesday, mortgage brokerage firm Venture West Funding Inc. revealed that it has arranged refinance loans of $12.355 million on four Southern California apartment buildings. The financing was arranged by Matt Douglas of Venture West through Union Bank and Luther Burbank Savings. (Wed, 02 Apr 2008 18:47:06 GMT)

Senate passes amended mortgage reform bill
The state Senate today passed a bill to reform the state's mortgage industry, but the amended bill will have to go back to the House for members to vote on the latest version. (Wed, 02 Apr 2008 19:48:24 GMT)

New mortgage assistance bill signed
Michigan homeowners struggling to meet mortgage payments now have some new help. (Wed, 02 Apr 2008 21:08:14 GMT)

Mortgage Counselors Cope With Unwelcome Boom
An impending foreclosure is a highly stressful situation -- certainly for the people that could lose a home, and sometimes for the people trying to help them. Richard Pittman, a counselor with a HUD-approved agency, talks about the challenges of being a mortgage counselor these days. (Wed, 02 Apr 2008 21:50:58 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? (Wed, 02 Apr 2008 21:55:54 GMT)

ANZ to sack mortgage workers
THE global liquidity crunch has claimed another local scalp with ANZ Bank preparing to place its wholesale mortgage arm in run-off mode. (Thu, 03 Apr 2008 00:02:25 GMT)

Britain on credit binge as mortgage deals drop
Consumer borrowing is rising at its fastest rate in five years, with the withdrawal of cheap mortgage deals forcing millions of home owners to take on personal debt to finance their everyday expenses. (Thu, 03 Apr 2008 00:26:21 GMT)

Mortgage approvals fall to near decade low as two more banks suspend lending
Mortgage approvals fell close to a decade low in February as the property market slumped and cash-strapped banks reined in lending, Bank of England figures showed yesterday. (Thu, 03 Apr 2008 00:54:39 GMT)

Austin condo market booming despite mortgage crisis
AUSTIN, Texas (KXAN) -- Everywhere you turn in Austin a condominium seems to be popping up, especially downtown. Despite the mortgage mess nationwide, condo construction in Austin still seems to flourish. (Thu, 03 Apr 2008 02:16:00 GMT)

Builders, mortgage companies get additions, subtractions they asked for in Senate housing deal
WASHINGTON - Homebuilders and the mortgage industry are emerging as big victors in a bipartisan agreement reached by Senate leaders on legislation designed to limit the housing crisis. (Thu, 03 Apr 2008 06:18:27 GMT)

Zillow Launches Mortgage Marketplace
Armed with market research that showed Americans spend as much time researching a vacation as they do a mortgage loan (answer: five hours), Zillow.com is launching a mortgage marketplace that allows consumers to anonymously receive custom loan quotes and rate... (Thu, 03 Apr 2008 06:40:30 GMT)

Real estate Web site Zillow launches mortgage marketplace
NEW YORK - Armed with market research that showed Americans spend as much time researching a vacation as they do a mortgage loan (answer: five hours), Zillow. (Thu, 03 Apr 2008 08:32:10 GMT)

Senate endorses mortgage reform
A bill to reform Kentucky's mortgage industry cleared the Senate yesterday and was expected to pass the House easily. The final version includes an amendment that will remove at least $500,000 a year in funding for consumer-awareness programs, fraud prevention and other services. (Thu, 03 Apr 2008 08:43:03 GMT)

GHB offers refinance packages to existing clients
Government Housing Bank is allowing existing clients to refinance their loans for lower mortgage rates. (Thu, 03 Apr 2008 08:49:32 GMT)

Co-op Bank pulls mortgage deals as BoE warns rush will intensify
The Bank of England has warned that banks will withdraw more mortgage deals in the coming months, as the Co-op Bank today become the latest lender to pull the plug on its best deals (Thu, 03 Apr 2008 09:48:58 GMT)

Mortgage rates rise along with stocks
Mortgage rates went up this week, coinciding with a rally in stock prices. (Thu, 03 Apr 2008 10:00:00 GMT)

Zillow Launches Mortgage Marketplace
NEW YORK -- Armed with market research that showed Americans spend as much time researching a vacation as they do a mortgage loan (answer: five hours), Zillow.com is launching a mortgage marketplace that allows consumers to anonymously receive custom loan quotes and rate their lenders. (Thu, 03 Apr 2008 10:32:19 GMT)

IBM Opens Mortgage Lending Service Center; Signs Coastal Federal Credit Union
Posted: Today at 5:58 a.m. ARMONK, N.Y. — A new IBM facility, for subsidiary IBM Lender Business Process Services, Inc.(LBPS), has opened in Charlotte to serve the outsourcing needs of the mortgage processing industry. (Thu, 03 Apr 2008 11:10:06 GMT)

Mortgage defaults force Denver exodus
Foreclosures are ripping through the rows of new homes in the flatlands where Denver turns to prairie. (Thu, 03 Apr 2008 11:26:35 GMT)

Mortgage rates rise along with stocks
Mortgage rates went up this week, coinciding with a rally in stock prices. (Thu, 03 Apr 2008 11:49:27 GMT)

Americans Spend More Time Researching a Car Purchase than Their Home Loan, According to Recent Zillow.com(R) Survey
Despite the fact a home is one of the largest and most expensive purchases most Americans will ever make, those adults who have obtained or refinanced a home loan in the past 5 years typically spent only 5 hours researching a home loan, according to a recent survey of 2,897 adults conducted by Harris Interactive® on behalf of leading real estate website Zillow.com. (Thu, 03 Apr 2008 12:01:00 GMT)

Bank survey predicts tighter mortgage market
The Bank of England's closely watched quarterly credit conditions survey has predicted mortgage availability could be even more restricted in the next three months as the number of loan defaults rises and lenders cut back. (Thu, 03 Apr 2008 12:06:00 GMT)

Zillow launches mortgage marketplace site
Armed with market research that showed Americans spend as much time researching a vacation as they do a mortgage loan (answer: five hours), Zillow.com is launching a mortgage marketplace that allows consumers to anonymously receive custom loan quotes and rate their lenders. (Thu, 03 Apr 2008 12:08:58 GMT)

Mortgage bill advances in Senate
Senate Democrats and Republicans struck an agreement on a bill that would offer aid to people and cities hit hard by the housing slump and mortgage crisis. (Thu, 03 Apr 2008 12:18:15 GMT)

Mortgage bill advances in Senate
Senate Democrats and Republicans struck an agreement on a bill that would offer aid to people and cities hit hard by the housing slump and mortgage crisis.The multibillion-dollar compromise could be approved by the Senate as early as Thursday, The Washington Post reported.The bill would allow a standard property tax deduction of $1,000 for couples and $500 for individuals for tax filers who ... (Thu, 03 Apr 2008 12:33:59 GMT)

MetLife to Buy EverBank Reverse Mortgage
Insurer MetLife Inc. said Thursday it has agreed to acquire EverBank Reverse Mortgage LLC from its parent, EverBank Financial Corp. (Thu, 03 Apr 2008 13:21:14 GMT)

Home Buyers Benefit From Government Loan Programs
National mortgage bank lending.com is now a Direct Endorsement lender with the Department of Housing and Urban Development, a designation that better enables companies to offer unique government loan programs to consumers. (Thu, 03 Apr 2008 15:22:00 GMT)

U.S. Stocks Drop on Higher Jobless Claims, Loan Delinquencies
April 3 (Bloomberg) -- U.S. stocks retreated for a second day as unemployment claims unexpectedly rose, consumer-loan delinquencies increased and analysts said a slowdown in business spending will hurt sales of computer equipment. (Thu, 03 Apr 2008 15:28:11 GMT)

Builders, mortgage companies big winners in Senate housing deal
Homebuilders and the mortgage industry are emerging as big victors in a bipartisan agreement reached by Senate leaders on legislation designed to limit the housing crisis. (Thu, 03 Apr 2008 15:39:10 GMT)

Long-term U.S. mortgage rates rise as short-term rates drop
CHICAGO (MarketWatch) -- Long-term mortgage rates drifted higher this week while short-term rates decreased, according to Freddie Mac's weekly survey. (Thu, 03 Apr 2008 15:50:27 GMT)

Mortgage broker charged with fraud in subprime mortgages
A Boston mortgage broker has pleaded innocent to a 21-count indictment accusing her of fraudulently arranging subprime mortgages in the Dorchester neighborhood. (Thu, 03 Apr 2008 15:55:41 GMT)

Builders, mortgage companies get additions, subtractions in Senate housing deal
WASHINGTON - Homebuilders and the mortgage industry are emerging as big victors in a bipartisan agreement reached by Senate leaders on legislation designed to limit the housing... (Thu, 03 Apr 2008 15:57:43 GMT)

Mortgage Rates Climb as Housing Grasps For Recovery
Mortgage rates edged upward over the past week, despite the Federal Reserve's aggressive cost-cutting measures and Wall Street's eagerness to get past the housing crisis. (Thu, 03 Apr 2008 16:06:45 GMT)

Zillow Opens Online Mortgage Marketplace
The property estimate site is enhancing its business model to offer users mortgage loan quotes from multiple lenders (Thu, 03 Apr 2008 16:20:43 GMT)

Mortgage Fraud Reports Up 42 Percent
Reports of suspected mortgage fraud rose 42 percent last year as banks became more leery of lies on loan applications. The Treasury Department's Financial Crimes Enforcement Network said Thursday that there were 52,868 reports for mortgage fraud in 2007, up from 37,313 a year earlier. (Thu, 03 Apr 2008 17:36:44 GMT)

Federal Home Loan Bank of Atlanta to Award Nearly $9 Million for Housing in Florida
Federal Home Loan Bank of Atlanta announced today that it will award $8.7 million to developers in Florida for affordable housing projects. (Thu, 03 Apr 2008 17:43:00 GMT)

Mortgage fraud claims up 42 percent in ’07
Reports of suspected mortgage fraud rose 42 percent last year as banks became more leery of lies on loan applications. (Thu, 03 Apr 2008 18:13:47 GMT)

Tips for mortgage shopping
What’s the best advice for people who are buying or refinancing a home? Get the best mortgage. (Thu, 03 Apr 2008 18:39:06 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, 03 Apr 2008 18:50:13 GMT)

Zillow enters mortgage business
Consumers can get mortgage quotes from lenders while keeping their identity private (Thu, 03 Apr 2008 23:01:06 GMT)

Late loan payments surge
Borrowers fell behind on their car, home equity and home improvement loans in last three months of 2007 at a delinquency rate not hit since the early 1990s. (Thu, 03 Apr 2008 23:01:57 GMT)

Late loan payments highest since 1992
Borrowers fell behind on their car, home equity and home improvement loans in last three months of 2007 at a delinquency rate not hit since the early 1990s. (Thu, 03 Apr 2008 23:05:39 GMT)

Late Loan Payments Highest Since 1992
Borrowers fell behind on their car, home equity and home improvement loans in last three months of 2007 at a delinquency rate not hit since the early 1990s. The American Bankers Association reported Thursday that late payments on a group of consumer loans... (Thu, 03 Apr 2008 23:40:42 GMT)

Mortgage costs increase £216 within a month
The typical new mortgage now costs £216 more a year than three weeks ago due to the ongoing turmoil caused by the global credit crunch, which is hitting banks and building societies. (Fri, 04 Apr 2008 00:47:34 GMT)

Pentagon Federal Credit to offer new and used auto loans at 4.25% APR
Pentagon Federal Credit Union, a provider of mortgage, credit cards and automobile loans, has announced that it will finance a new or used vehicle purchase or refinance an existing loan at the rate of 4.25% APR. (Fri, 04 Apr 2008 01:27:32 GMT)

Reports of mortgage fraud rise 42% in '07
Reports of suspected mortgage fraud rose 42% last year as banks became more leery of lies on loan applications. (Fri, 04 Apr 2008 01:59:35 GMT)

Bank warns mortgage lending willbe slashed further
Households face a further squeeze on their finances as banks and building societies slash mortgage lending and increase prices further in the coming months, the Bank of England warned yesterday. (Fri, 04 Apr 2008 02:06:20 GMT)

$15 million mortgage fraud alleged
In the largest mortgage-fraud case in Franklin County history, the former owner of two Columbus apartment buildings has been indicted on charges that he forged documents that helped him get more than $15 million in loans. (Fri, 04 Apr 2008 03:07:16 GMT)

5 plead guilty to mortgage fraud charges
Five people have pleaded guilty in U.S. District Court to mortgage fraud charges. ... (Fri, 04 Apr 2008 04:30:08 GMT)

Online mortgage map charts borrowers' distress
A new online tool aimed at giving community groups and policy-makers a look at the hot spots in the nation's mortgage... (Fri, 04 Apr 2008 04:30:56 GMT)

U.K. Mortgage Broker Struggles to Find Buyer, Independent Says
April 4 (Bloomberg) -- John Charcol, a U.K. mortgage broker that's put itself up for sale, may be having trouble finding a buyer at the hoped-for price of 50 million pounds ($100 million), the Independent reported. (Fri, 04 Apr 2008 05:56:49 GMT)

Home Front: Few solutions on horizon for strapped homeowners
After all the intellectual assessments and recital of statistics about the subprime loan crisis, a woman from Chicago asked the question on the minds of many people in neighborhoods where so many have lost their homes. (Fri, 04 Apr 2008 07:10:22 GMT)

On loan Carson to make 'big decision' over future
On loan Carson to make 'big decision' over future by England (Fri, 04 Apr 2008 07:51:27 GMT)

Late loan payments soared in '07
WASHINGTON (AP) -- Borrowers fell behind on their car, home-equity and home-improvement loans in the last three months of 2007 at a delinquency rate not seen since the early 1990s. (Fri, 04 Apr 2008 08:05:56 GMT)

Mortgage fraud alleged
In the largest mortgage-fraud case in Franklin County history, the former owner of two Columbus apartment buildings has been indicted on charges that he forged documents that helped him get more than $15 million in loans. (Fri, 04 Apr 2008 08:08:25 GMT)

Bank warns mortgage lending will be slashed further
Households face a further squeeze on their finances as banks and building societies slash mortgage lending and increase prices further in the coming months, the Bank of England warned yesterday. (Fri, 04 Apr 2008 09:22:59 GMT)

Granholm signs bills to require mortgage officer registration
LANSING-- Governor Granholm has signed legislation requiring that Michigan's estimated 20,000 mortgage loan officers register with the state. Backers of the legislation say it could help (Fri, 04 Apr 2008 09:42:19 GMT)

Carson tired of being loan star
Goalkeeper Scott Carson admits he wants an end to his days as the loan ranger and has "big decisions to make" over his future this summer.Carson is currently on loan at Aston Villa from Liverpool and previously had similar spells at Sheffield Wednesday and Charlton following his move from Leeds to Anfield. (Fri, 04 Apr 2008 10:30:07 GMT)

BSO recognized for work against mortgage fraud
FORT LAUDERDALE, Fla. -- The Broward County Sheriff's Office has received a check for its assistance in a mortgage fraud investigation. (Fri, 04 Apr 2008 11:57:37 GMT)

Five Ways to Pay Off Your Mortgage Loan Faster
Paying off your mortgage early can be an attractive option for any homeowner. If you're willing to bear the risks, here are five ways to pay off your loan early. (Fri, 04 Apr 2008 12:00:00 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? (Fri, 04 Apr 2008 12:55:30 GMT)

Halifax to raise mortgage rates
The biggest mortgage lender Halifax is to raise mortgage rates on Monday and introduce a new pricing band that will increase costs for customers with small deposits. (Fri, 04 Apr 2008 13:03:00 GMT)

Ex-city landlord facing mortgage fraud charges
A former Franklin County landlord has been indicted on what could be the county's largest mortgage fraud scheme. (Fri, 04 Apr 2008 13:33:42 GMT)

Senate Housing Deal Smiles On Builders, Mortgage Cos.
WASHINGTON (AP) - Homebuilders and the mortgage industry are emerging as big victors in a bipartisan agreement reached by Senate leaders on legislatio.... (Fri, 04 Apr 2008 14:06:59 GMT)

Senate drops bid to aid some owners with home-loan terms
WASHINGTON — Republicans and business-friendly Democrats on Thursday scuttled a plan to give people threatened with losing their homes more leverage in winning favorable loan terms from their lenders in bankruptcy courts. (Fri, 04 Apr 2008 14:36:22 GMT)

Federal Home Loan Bank of Atlanta Announces New Board Member from North Carolina
Federal Home Loan Bank of Atlanta today announced the election of Donna Goodrich, Senior Executive Vice President and Deposit Services Manager of BB&T Corporation in Winston-Salem, as a new board member to fill a vacant directorship in North Carolina. (Fri, 04 Apr 2008 14:47:00 GMT)

What's the deal after the mortgage shuffle?
What does the mortgage squeeze mean for people across the UK facing different priorities? (Fri, 04 Apr 2008 15:58:50 GMT)

Halifax raises mortgage rates and tightens deposit rules
Halifax, Britain's biggest mortgage lender, has become the latest bank to tighten its lending rules as the credit crisis spreads from the City of London to the rest of the UK. (Fri, 04 Apr 2008 16:06:10 GMT)

Tips for mortgage shopping
What’s the best advice for people who are buying or refinancing a home? Get the best mortgage. (Fri, 04 Apr 2008 16:10:03 GMT)

Coleman plan would let people tap retirement funds for mortgage
WASHINGTON — Minnesota Senator Norm Coleman is pushing a proposal that would let homeowners who are late on their mortgage payments withdraw money penalty-free from their retirement accounts to avoid foreclosure. (Fri, 04 Apr 2008 16:20:11 GMT)

Buyers skimp on home loan research
Buying a home is the biggest purchase most Americans will ever make. So it would make sense that people would invest the time to painstakingly scrutinize their mortgage options. Right? (Fri, 04 Apr 2008 16:33:42 GMT)

State mortgage reforms signed into law
Three mortgage lending reforms aimed at slowing Maryland's booming foreclosure rate are now law. One of the bills signed by Gov. Martin O'Malley yesterday would crack down on unscrupulous lenders by creating a new crime of mortgage fraud. (Fri, 04 Apr 2008 18:06:19 GMT)

Squeezed by the mortgage mangle
What a week it was. As the credit crunch morphed into the mortgage mangle, thousands of Scots whose fixed-term mortgages came to an end on March 31 really felt the squeeze. (Fri, 04 Apr 2008 19:51:19 GMT)

Halifax reprices mortgage range
Halifax ended a turbulent week for the mortgage market with the announcement that it was repricing its mortgage range. Britain's biggest mortgage lender is increasing rates for people with smaller deposits, although those with larger ones will pay less. (Fri, 04 Apr 2008 19:52:15 GMT)

Stanton Mortgage Waikiki office closed, president says he will stay in business
The Stanton Mortgage office in Waikiki closed on Friday, but the company's president said the business would continue in a new location. (Fri, 04 Apr 2008 20:16:50 GMT)

The Two Types of Mortgage Fraud, Plus a Primer on Tax Sales
In our world, mortgage fraud is mortgage fraud. But for fraud investigators, mortgage fraud is divided into two categories: fraud for housing and fraud for profit. (Fri, 04 Apr 2008 20:22:24 GMT)

Wayne Zussman
The ability to pay for your purchases, whether it is your home, car, television or an evening out, is essential to maintaining and improving your credit rating. If you do not make minimum payments, your balances will continue to grow because of interest and late fees. As loan and credit card... (Fri, 04 Apr 2008 20:26:36 GMT)

Halifax raises rates and squeezes poorer mortgage buyers harder
Britain's biggest lender raises mortgage rates by up to 0.35% unless 25% deposit is paid (Fri, 04 Apr 2008 23:24:00 GMT)

Skipton cashes in on financial crisis with £800 mortgage fee
Mortgage costs rose further yesterday as a building society became the first major lender to charge borrowers to take out a standard variable rate home loan. (Fri, 04 Apr 2008 23:55:55 GMT)

Halifax hits poorer mortgage buyers
Business & money: Britain's biggest lender raises mortgage rates by up to 0.35% unless 25% deposit is paid (Sat, 05 Apr 2008 00:06:23 GMT)

Halifax joins mass exodus from risky end of mortgage market
Halifax Bank is to raise interest rates for mortgage borrowers taking out larger home loans and stop doing business altogether with customers who cannot find deposits of at least 5 per cent. (Sat, 05 Apr 2008 00:23:28 GMT)

Jeremy Warner's Outlook: Only blue-chip householders need apply, Halifax tells new mortgage applicants
Now even Halifax, Britain's largest mortgage lender, is handing out the ration books. (Sat, 05 Apr 2008 00:23:34 GMT)

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