Mortgage News Apr 2008

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Mayor appeals to Congress for help out of mortgage fix
Sun, Apr 13, 2008 (2 a.m.) Washington — The mayor of Las Vegas came to town to discuss the mortgage mess last week and brought one very simple request: Send money. (Sun, 13 Apr 2008 09:10:40 GMT)

U.S. lenders freeze home equity credit lines
Reeling from losses on their wretched loan decisions of recent years, U.S. lenders are preventing borrowers with pristine credit and significant equity in their homes from tapping into credit lines that they paid dearly to secure. (Sun, 13 Apr 2008 09:40:08 GMT)

Area mortgage market seen as strained, stable
The nation’s housing woes have seen almost a quarter of the nation’s ZIP codes blacklisted for certain types of loans by mortgage insurance companies, including most of the Fort Wayne area and parts of Wells and Whitley counties. (Sun, 13 Apr 2008 10:20:56 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. (Sun, 13 Apr 2008 10:37:04 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. (Sun, 13 Apr 2008 10:37:34 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Sun, 13 Apr 2008 10:52:14 GMT)

MCOT English News : Officials: China should draw lesson from U.S. subprime mortgage crisis
BEIJING, April 13 (Xinhua) -- China should draw a lesson from the subprime mortgage crisis in the United States and strengthen risk control and supervision in its financial reforms, officials said. (Sun, 13 Apr 2008 10:58:41 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sun, 13 Apr 2008 11:37:13 GMT)

Reports: British mortgage lender Bradford & Bingley considering selling shares to raise cash
LONDON - Major British mortgage lender Bradford & Bingley PLC was considering selling shares to raise cash as it tries to weather a punishing credit market, newspapers reported Sunday. (Sun, 13 Apr 2008 11:50:28 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Sun, 13 Apr 2008 12:52:13 GMT)

Refinance Your Auto Loan and Ease a Tight Budget
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from? (Sun, 13 Apr 2008 14:22:03 GMT)

New home loan changes bring no relief
Mortgage relief? What relief? The powers that be have hustled in recent months, trying to make it easier and cheaper to get a mortgage. But despite the Federal Reserve slashing interest rates and Congress raising limits for conforming loans, the home-lending... (Sun, 13 Apr 2008 16:11:57 GMT)

Consumers gain insight at home loan forum
Home mortgage consultant Marissa Leon of Wells Fargo Bank points to the pronounced shadows under her eyes as evidence of the heartbreaking stories she hears these days from people who come seeking help. (Sun, 13 Apr 2008 20:07:04 GMT)

Walking away from mortgage is a big step
Fannie Mae and Freddie Mac are warning struggling U.S. homeowners to think twice about walking away from their mortgages.The two lenders, the largest two sources of mortgages in the nation, say they could be blackballed from the mortgage market for several years unless they can show viable extenuating circumstances.The San Francisco Chronicle reported Sunday that the warnings were made amid a ... (Sun, 13 Apr 2008 21:40:22 GMT)

Banks demand higher down payment on home loan
Calcutta, April 13: Banks have raised the financing margin for home loan borrowers, meaning borrowers will have to make a higher down payment on loans. (Sun, 13 Apr 2008 21:44:21 GMT)

Huntley Adjusts Position On Her Own Refinancing
State Sen. Shirley Huntley attempted to clarify her situation last week with regard to her recent foreclosure stunt, a hot topic after a published report revealed that she has had to refinance her home several times to avoid a trap that thousands of her constituents have fallen into. (Sun, 13 Apr 2008 22:36:32 GMT)

US mortgage crises not yet over
Citigroup and Merrill Lynch are due to deliver their first-quarter results. They are likely to indicate the worst of the sub prime mortgage crisis may not yet be over. (Mon, 14 Apr 2008 01:26:36 GMT)

Rates bite at home loan numbers
HIGHER interest rates look to have begun taking their toll on home loan numbers after national housing finance figures for February fell 5.9 per cent. (Mon, 14 Apr 2008 02:01:00 GMT)

Rates bite at home loan numbers
Housing finance numbers weaker than market forecasts In-depth : The latest interest rate news and features Survey : How do you feel about your financial situation? (Mon, 14 Apr 2008 02:01:00 GMT)

Rates bite at home loan numbers
HIGHER interest rates look to have begun taking their toll on home loan numbers after national housing finance figures for February fell 5.9 per cent. (Mon, 14 Apr 2008 02:01:00 GMT)

Rates bite at home loan numbers
HIGHER interest rates look to have begun taking their toll on home loan numbers after national housing finance figures for February fell 5.9 per cent. (Mon, 14 Apr 2008 02:01:00 GMT)

Australia's Loan Approvals Drop by Most in Four Years (Update1)
April 14 (Bloomberg) -- Australian home-loan approvals unexpectedly fell by the most in four years in February, adding to evidence the central bank's four interest-rate increases in seven months are slowing the economy. (Mon, 14 Apr 2008 02:04:24 GMT)

Higher Aust interest rates bite new home loan numbers
Higher interest rates look to have begun taking their toll on home loan numbers after new national housing finance figures for February fell 5.9 per cent. (Mon, 14 Apr 2008 02:49:28 GMT)

Westpac cuts Mortgage Choice commissions
Listed home loan broker Mortgage Choice Ltd has confirmed its funding source, Westpac Banking Corporation, plans to cut commissions for new business. (Mon, 14 Apr 2008 03:19:51 GMT)

Spanish developers use offers, rental to ease pain
Spanish builders are tempting cagey homebuyers with free cars, mortgage holidays and hard cash as they try to lift the gloom shrouding the crisis-hit housing sector. Some are also diving into the rental market. (Mon, 14 Apr 2008 03:30:53 GMT)

Westpac cuts Mortgage Choice commissions
Listed home loan broker Mortgage Choice Ltd confirmed on Monday that its funding source, Westpac Banking Corporation Ltd, plans to cut commissions for new business. (Mon, 14 Apr 2008 03:32:22 GMT)

Spanish developers use offers to ease pain
Spanish builders are tempting cagey homebuyers with free cars, mortgage holidays and hard cash as they try to lift the gloom shrouding the crisis-hit housing sector. (Mon, 14 Apr 2008 03:33:00 GMT)

Home loan downturn likely to continue: HIA
The Housing Industry Association (HIA) says a downturn in new home loans is not surprising, given the number of interest rate rises during the last six months. (Mon, 14 Apr 2008 04:08:30 GMT)

Mortgage Choice reveals commission cut
LISTED home loan broker Mortgage Choice today confirmed that its funding source Westpac plans to cut commissions for new business. (Mon, 14 Apr 2008 04:12:00 GMT)

Outlook uncertain for mortgage companies despite uptick
While the total amount of loans originated in Birmingham declined within the last year, profits picked up for mortgage lenders in late January and February amid the short-lived refinance boom. (Mon, 14 Apr 2008 04:46:03 GMT)

Huntley Adjusts Position On Her Own Refinancing
State Sen. Shirley Huntley attempted to clarify her situation last week with regard to her recent foreclosure stunt, a hot topic after a published report revealed that she has had to refinance her home several times to avoid a trap that thousands of her constituents have fallen into. (Mon, 14 Apr 2008 05:20:29 GMT)

Fewer options as WaMu abandons wholesale lending
Mortgage brokers competing with banks for home purchase and refinance loans have fewer options after Washington Mutual abandoned the wholesale mortgage business, joining the 260 companies that have closed their doors or stopped funding such loans. (Mon, 14 Apr 2008 05:33:26 GMT)

Mortgage woes will creep into student loan industry, experts say
The subprime mortgage crisis has left more than a few victims in its wake. Now, experts are saying the credit crunch is hurting the student loan industry. (Mon, 14 Apr 2008 05:34:16 GMT)

FHA increases its role in home-loan market
Consumers are turning more and more to the Federal Housing Administration for home-loan assistance since the decline of the subprime market, and more and more lenders are getting in on the action. (Mon, 14 Apr 2008 05:35:42 GMT)

FHA increases its role in home-loan market
Consumers are turning more and more to the Federal Housing Administration for home-loan assistance since the decline of the subprime market, and more and more lenders are getting in on the action. (Mon, 14 Apr 2008 05:36:23 GMT)

Home loan slump 'biggest in four years'
Home loan approvals have suffered their biggest fall in four years, adding to confidence that interest rates will stay put. (Mon, 14 Apr 2008 05:37:51 GMT)

Subprime mortgage crisis spurs wave of related lawsuits
The subprime mortgage crisis and housing slump are sparking an increase in lawsuits as foreclosures, bankruptcies and meltdowns from the slowdown mount -- especially in hard-hit Arizona, California and Nevada. (Mon, 14 Apr 2008 05:45:51 GMT)

Australian February home-finance approvals unexpectedly fell
Australian home-loan financing unexpectedly contracted in February, as successive interest-rates increases trickled through to the housing sector. (Mon, 14 Apr 2008 06:08:29 GMT)

Australia's Loan Approvals Drop by Most in Four Years (Update3)
April 14 (Bloomberg) -- Australian home-loan approvals unexpectedly fell by the most in four years in February, adding to evidence the central bank's four interest-rate increases in seven months are slowing the economy. (Mon, 14 Apr 2008 06:45:21 GMT)

Australia's Loan Approvals Drop by Most in Four Years (Update3)
April 14 (Bloomberg) -- Australian home-loan approvals unexpectedly fell by the most in four years in February, adding to evidence the central bank's four interest-rate increases in seven months are slowing the economy. (Mon, 14 Apr 2008 06:49:16 GMT)

Where WaMu went wrong
To keep growing rapidly, the Seattle company loosened its lending standards, took on shaky real-estate loans and lent money to risky mortgage brokers. (Mon, 14 Apr 2008 07:22:50 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Mon, 14 Apr 2008 08:35:24 GMT)

Darling urges banks to ease mortgage costs
Alistair Darling, the chancellor, has called a meeting with the country's biggest banks to urge them to pass on lower interest rates to squeezed mortgage holders in return for the billions of pounds of extra funds that have been pumped into the financial system. (Mon, 14 Apr 2008 08:35:24 GMT)

Lop years off that mortgage
Good intentions can fall by the wayside when new homeowners pledge to pay down the mortgage as quickly as possible. Unexpected expenses crop up -- and there are plenty of those in a new home -- and just the cost of living can derail many plans to become mortgage-free sooner. (Mon, 14 Apr 2008 08:48:16 GMT)

Westpac cuts mortgage broker commissions
The global credit crunch has rolled around to Australia's mortgage broking industry with Westpac Bank moving to cut brokers' commissions to offset rising costs. (Mon, 14 Apr 2008 08:57:52 GMT)

Australian home loan slump biggest in four years
SYDNEY - Loan approvals have suffered their biggest fall in four years, adding to confidence that interest rates will stay put. Economists say the decline in new mortgages is an early sign domestic demand is slowing amid gloomy consumer confidence. (Mon, 14 Apr 2008 09:19:56 GMT)

A gift from the Beltway
I won't be getting an economic-stimulus tax rebate check, but I'm not complaining about it. Not only am I fortunate to make too much money to qualify for a rebate, but I'm getting something far more valuable than the maximum $1,200 my wife and I could have gotten. Thanks to a relatively little-noticed portion of the stimulus package, we'll be able to refinance our house more cheaply than we ... (Mon, 14 Apr 2008 10:35:12 GMT)

UAE mortgage market will leap to AED64 billion by 2011, RAK investment summit told
The UAE’s mortgage market will leap from AED20 billion by the end of this year to AED64 billion over the next three years, and more than 60% of house financing will be Shari’ah compliant, the International Ras-Al-Khaimah Family Office and Investment summit was told today. (Mon, 14 Apr 2008 10:37:57 GMT)

AP poll: Mortgage payments worry many
One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. In an ominous snapshot of how the sagging real estate market and sour economy are intersecting, the Associated Press-AOL Money & Finance poll also found that 60 percent said ... (Mon, 14 Apr 2008 10:51:28 GMT)

Meeting to be held in Philadelphia on mortgage foreclosures
Judges, homeowner advocates and attorneys for lenders plan to meet again in Philadelphia to work on a plan to prevent mortgage foreclosures. (Mon, 14 Apr 2008 11:25:36 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Mon, 14 Apr 2008 11:52:04 GMT)

Housing loan frauds cross Rs 110 cr
150 cases registered by special wing, 150 people arrested, but no convictions so far in home loan frauds. (Mon, 14 Apr 2008 11:57:02 GMT)

Meeting in Phila. to prevent mortgage foreclosures
Philadelphia judges, homeowner advocates, and attorneys for lenders are scheduled to meet again today to continue forging a plan to prevent mortgage foreclosures on owner-occupied houses. (Mon, 14 Apr 2008 12:05:42 GMT)

Lop years off that mortgage
Good intentions can fall by the wayside when new homeowners pledge to pay down the mortgage as quickly as possible. Unexpected expenses crop up -- and there are plenty of those in a new home -- and just the cost of living can derail many plans to become mortgage-free sooner. (Mon, 14 Apr 2008 13:15:48 GMT)

Mortgage hikes hit housing
NEW mortgage approvals for established homes have suffered their biggest dive in seven years as rising interest rates scare off buyers. (Mon, 14 Apr 2008 14:00:00 GMT)

Mortgage hikes hit housing
NEW mortgage approvals for established homes have suffered their biggest dive in seven years as rising interest rates scare off buyers, providing fresh evidence that the Reserve Bank's campaign against inflation has begun to slow the economy. (Mon, 14 Apr 2008 14:00:00 GMT)

Mortgage hikes hit housing
NEW mortgage approvals for established homes suffered their biggest dive in seven years as rising interest rates scare off buyers. (Mon, 14 Apr 2008 14:00:00 GMT)

Home loan finance hit as rates bite
Australians frightened by higher interest avoided taking on home loans last month. (Mon, 14 Apr 2008 14:16:54 GMT)

Mortgage insurers put Mass. real estate markets on watch lists
QUINCY - Mortgage lending requirements could become stricter in the Boston area, the South Shore and Cape Cod. Three major mortgage insurers have added those areas to their... (Mon, 14 Apr 2008 14:53:47 GMT)

Mortgage insurers put Mass. real estate markets on watch lists
Mortgage lending requirements could become stricter in the Boston area, the South Shore and Cape Cod. (Mon, 14 Apr 2008 16:08:57 GMT)

Mortgage bailout could put nation's credit rating at risk, report says
WASHINGTON (AP) -- A deep recession could force mortgage-finance titans Fannie Mae and Freddie Mac to require a federal bailout large enough to hurt the U.S. government's top-grade credit rating, Standard & Poor's warned Monday. (Mon, 14 Apr 2008 17:14:06 GMT)

Losses from Mortgage Crisis Could Reach Nearly $1 Trillion
Losses from the mortgage crisis in the United States could expand to nearly $1 trillion, the International Money Fund said today at a press conference in Washington, D.C. to disclose the results of its annual Global Financial Stability Report. (Mon, 14 Apr 2008 17:14:23 GMT)

AP Poll: Mortgage Payments Worry Many
Mon, Apr 14, 2008 (10:17 a.m.) One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. (Mon, 14 Apr 2008 17:25:27 GMT)

AP Poll: Mortgage Payments Worry Many
One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. In an ominous snapshot of how the... (Mon, 14 Apr 2008 17:43:17 GMT)

Fitch Affirms Key Commercial Mortgage Securities 2007-SL1
Fitch Ratings has affirmed Key Commercial Mortgage Securities Trust 2007-SL1, commercial mortgage pass-through certificates as follows: (Mon, 14 Apr 2008 17:44:20 GMT)

Foreclosure Prevention Programs
Not more than a day or two passes without front page coverage in The Wall Street Journal, New York Times, or local newspapers of America's mortgage foreclosure crisis. (Mon, 14 Apr 2008 19:10:39 GMT)

AP poll: Mortgage payments worry many
One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. (Mon, 14 Apr 2008 19:26:24 GMT)

AP poll: Many worry they may fail to make mortgage
Summary (Mon, 14 Apr 2008 19:34:04 GMT)

Renters Also Hurt by Mortgage Crisis
Half of New Yorkers affected by the mortgage crisis aren't owners but renters. That's the finding of a new NYU study. WNYC's Ilya Marritz has more. When a property is foreclosed, a bank takes posses.... (Mon, 14 Apr 2008 19:44:45 GMT)

Mortgage bills worry many homeowners
Homeowners worry about mortgage payments. (Mon, 14 Apr 2008 20:14:50 GMT)

Poll: Many worry about mortgage payments
One in seven mortgage holders worry they may soon fail to make their monthly payments. (Mon, 14 Apr 2008 20:36:35 GMT)

AP poll: Mortgage payments worry many
By ALAN FRAM One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. In an ominous snapshot of how the sagging real estate market and sour economy are intersecting, the Associated Press-AOL Money & Finance poll also found that 60 ... (Mon, 14 Apr 2008 21:22:31 GMT)

Rate rises hit housing market
NEW mortgage approvals for established homes have suffered their biggest dive in seven years as rate hikes scare off buyers. (Mon, 14 Apr 2008 22:00:00 GMT)

Loan program to help home ownership in city
SPRINGFIELD The state of Massachusetts has committed $150,000 to a fund that will assist employees of Baystate Health, Springfield College, MassMutual and American International College to buy a home in the North End section of the city or in the neighborhoods that border the State Street Corridor. (Mon, 14 Apr 2008 22:45:15 GMT)

Wachovia plans $7bn refinancing after mortgage losses balloon
Wachovia, one of the biggest financial institutions in the US, warned that its mortgage customers were walking away from their houses rather than keep up onerous repayments – and it said it was tapping shareholders for an emergency $7bn (£3.5bn) refinancing to help cover the losses. (Tue, 15 Apr 2008 00:43:28 GMT)

Poll: 1 in 7 mortgage holders worry they won't be able to pay
WASHINGTON - One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. RELATED LINKS: » Interactive: How the housing crisis happened » Interactive: A primer on foreclosures » AOL Money & Finance (Tue, 15 Apr 2008 01:36:27 GMT)

Wachovia posts loss amid bad mortgage timing, to raise $7 billion
Wachovia Corp. is getting a lesson in "timing is everything." The nation's fourth-largest bank reported a $393 million first quarter loss and has been forced to cut its dividend and seek a $7 billion cash injection to make up for a poorly timed expansion of its mortgage business. (Tue, 15 Apr 2008 02:52:51 GMT)

1 in 7 fear missing mortgage payment
WASHINGTON — One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. In an ominous snapshot of how the sagging real estate market and sour economy are intersecting, the Associated Press-AOL Money & Finance poll also found that 60 ... (Tue, 15 Apr 2008 02:56:27 GMT)

State takes on mortgage fraud
Mortgage fraud is not new in Colorado and efforts to police the industry are intensifying at the state and local levels. (Tue, 15 Apr 2008 02:58:21 GMT)

Pawlenty proposes mortgage initiatives
Hoping to avert foreclosures, Gov. Tim Pawlenty on Monday announced steps to provide homeowners and lenders with more mortgage counseling and mediation. (Tue, 15 Apr 2008 05:26:42 GMT)

1 in 7 worry they'll miss mortgage payments
One in seven mortgage holders worry they may soon fail to make their monthly payments, and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. In an ominous snapshot of how the sagging real estate market and sour economy are intersecting, the Associated Press-AOL Money & Finance poll also found that 60 percent said ... (Tue, 15 Apr 2008 07:05:36 GMT)

Mortgage worries increase
One in seven mortgage holders worry they might soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. (Tue, 15 Apr 2008 07:11:11 GMT)

Appraisers say WaMu cut corners to increase its mortgage business
Washington Mutual's mortgage woes come as no surprise to Graham Albertini, a real-estate appraiser who worked at WaMu's Bellevue office... (Tue, 15 Apr 2008 07:22:49 GMT)

Mortgage payments a worry
Many in survey also fear value of homes is dropping One in 7 mortgage holders worry that they might soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. (Tue, 15 Apr 2008 07:37:42 GMT)

Homeowners get that drowning feeling
Some nights Sonya Smith can't sleep because she's worried about how she'll make payments on her small home in Oakland's Laurel District. Since getting divorced a couple of years ago, it's much harder to carry the mortgage - and she can't sell because the home'... (Tue, 15 Apr 2008 07:42:46 GMT)

Mortgage worries abound
WASHINGTON | One in seven mortgage holders worries they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. (Tue, 15 Apr 2008 07:57:34 GMT)

Mortgage holders fret over payments, value
One in seven mortgage holders worry they might soon fail to make their monthly payments, and even more worry that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. (Tue, 15 Apr 2008 08:14:18 GMT)

Wachovia Corp. records big loss after expanding mortgage business
Wachovia Corp. reported a $393 million first-quarter loss and has been forced to cut its dividend and seek a $7 billion cash injection to make up for a poorly timed expansion of its mortgage business. (Tue, 15 Apr 2008 08:38:50 GMT)

UK March Retail Price Index, Excld. Mortgage Interest Payment Up 3.5% On Year
(RTTNews) - UK March retail price index, excld. Mortgage interest payment up 3.5% on year (Tue, 15 Apr 2008 08:52:55 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Tue, 15 Apr 2008 09:50:34 GMT)

Brown meets with banks and mortgage lenders
The government will hold talks with mortgage lenders next week as part of consultations on measures which may be needed to support money markets being battered by the global credit crunch. (Tue, 15 Apr 2008 10:04:00 GMT)

Barclays sees mortgage opportunity amid crunch
Barclays sees tougher market conditions as a growth opportunity for its UK mortgage business and retail arm, thanks to growing deposits and lower costs, senior executives told analysts on Tuesday. (Tue, 15 Apr 2008 13:38:00 GMT)

Poll: 1 in 7 mortgage holders worry they won't be able to pay
WASHINGTON - One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. RELATED LINKS: » Interactive: How the housing crisis happened » Interactive: A primer on foreclosures » AOL Money & Finance (Tue, 15 Apr 2008 14:03:12 GMT)

Rep. Frank to push through new mortgage rules if industry balks at his refinance plan
WASHINGTON - Congressional Democrats and President Bush will agree on a bill to help half a million or more struggling homeowners get into lower cost mortgages, but it won't be through the bankruptcy courts, the chairman of the House Financial Services Committee predicted Tuesday. (Tue, 15 Apr 2008 14:11:51 GMT)

Rep. Frank to push through new mortgage rules if industry balks at his refinance plan
WASHINGTON - Congressional Democrats and President Bush will agree on a bill to help half a million or more struggling homeowners get into lower cost mortgages, but it won't be through the bankruptcy courts, the chairman of the House Financial Services Committee predicted Tuesday. (Tue, 15 Apr 2008 14:16:30 GMT)

When to Pay Down Your Mortgage With Extra Cash
It can be smarter to prepay instead of letting money sit in the bank. (Tue, 15 Apr 2008 14:32:14 GMT)

Fitch: U.S. Life Insurers Face Weakness in Commercial Mortgage Market; Teleconference 4/16
Fitch Ratings does not expect weakness in the commercial mortgage market to negatively impact ratings for U.S. life insurers in 2008. Nevertheless, Fitch expects an increase in realized losses associated with commercial mortgage-related investments due to increased loan default rates and spread widening will negatively impact industry earnings in 2008. (Tue, 15 Apr 2008 15:01:50 GMT)

Frank threatens increased regulation if mortgage industry blocks crisis refinancing
WASHINGTON - Congressional Democrats and President Bush will agree on a bill to help half a million or more struggling homeowners get into lower cost mortgages, but it won't... (Tue, 15 Apr 2008 15:02:11 GMT)

Halifax to lift mortgage rates again
Halifax, Britain's biggest mortgage lender, has tightened its lending rules for the second time this month, the crisis in the credit markets grips the wider economy. (Tue, 15 Apr 2008 16:09:28 GMT)

Home owners hit with new £5,000 bill as mortgage fees double in less than a year
Homeowners are being hit with soaring arrangement fees of up to £5,000 to take out a mortgage, research reveals today. A devastating report exposes the double whammy facing homeowners forced to pay higher interest rates and soaring fees (Tue, 15 Apr 2008 16:19:24 GMT)

Report: Mortgage defaults rose in March
Mortgage defaults in the United States rose to one in every 538 households in March, a leading industry observer said. (Tue, 15 Apr 2008 17:12:40 GMT)

Homeowners get that drowning feeling
Some nights Sonya Smith can't sleep because she's worried about how she'll make payments on her small home in Oakland's Laurel District. Since getting divorced a couple of years ago, it's much harder to carry the mortgage - and she can't sell because the home'... (Tue, 15 Apr 2008 17:25:44 GMT)

Mortgage worries abound
WASHINGTON | One in seven mortgage holders worries they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. (Tue, 15 Apr 2008 18:57:26 GMT)

Fitch Affirms GMAC Commercial Mortgage Securities, Inc., Series 2003-C2
Fitch Ratings affirms GMAC Commercial Mortgage Securities, Inc.'s (GMACCM) commercial mortgage pass-through certificates, series 2003-C2, as follows: (Tue, 15 Apr 2008 19:15:19 GMT)

Fitch Upgrades 4 Classes of GE Commercial Mortgage 2003-C2
Fitch Ratings has upgraded the following four classes of GE Commercial Mortgage Corporation, series 2003-C2: (Tue, 15 Apr 2008 19:15:49 GMT)

UPDATE:Mortgage Firms Push Back Vs US Loan Modification Plan
WASHINGTON -(Dow Jones)- Mortgage bankers and other loan servicers pushed back Tuesday against a U.S. House proposal to protect them from lawsuits when they rework loans for struggling borrowers. (Tue, 15 Apr 2008 19:20:56 GMT)

Barclays ‘wide open’ to new mortgage business
Barclays said it was “wide open” for new mortgage business at a time when other lenders were reining back because of the credit squeeze. (Tue, 15 Apr 2008 19:52:36 GMT)

Banks warn Brown of mortgage market logjam
Dozens of smaller mortgage lenders will be forced out of the market unless the UK government intervenes, Gordon Brown was warned on Tuesday, as bankers issued an urgent plea for action to break the logjam in the money markets. (Tue, 15 Apr 2008 21:07:49 GMT)

Renasant 1Q profit rises on higher mortgage loan volume
Financial-services company Renasant Corp. said Tuesday its first-quarter profit rose 19 percent, crediting higher non-interest income at its mortgage loan division. (Tue, 15 Apr 2008 22:30:40 GMT)

Report: Boulder County tough place for Hispanics to get loan
BOULDER The Colorado Civil Rights Division says Boulder County is the second-hardest place in the country for Hispanics to get a fair home loan. (Tue, 15 Apr 2008 23:08:53 GMT)

Hamish McRae: The £40bn question: do we bail out the banks to get the mortgage market moving?
In the next few days the Treasury and the Bank of England will announce their plan to rescue the mortgage market. It will be huge. The big number will have to be about £40bn and it may be quite a bit larger than that. This would be in addition to the £15bn fed into the markets yesterday by the Bank of England on more conventional terms. (Tue, 15 Apr 2008 23:19:09 GMT)

Halifax raises mortgage rates despite Brown's banking summit
Halifax, Britain's biggest mortgage lender, has inc-reased mortgage rates des-pite yesterday's £15bn liquidity injection by the Bank of England and the Prime Minister's assurance that the authorities will act to unfreeze funding markets. (Tue, 15 Apr 2008 23:54:48 GMT)

£5,000 to take out your next mortgage as fees double in a year
Homeowners are facing fees of up to £5,000 to take out a mortgage. (Wed, 16 Apr 2008 00:57:23 GMT)

Conference tomorrow at RCC on subprime mortgage crisis
The Rockland County Commission on Human Rights will host a conference on the effects of the sub-prime mortgage crisis at 8:30 a.m. tomorrow at Rockland Community College, 145 College Rd., Ramapo. (Wed, 16 Apr 2008 01:07:42 GMT)

Mortgage bankers gear up for policy conference
Bankers will climb Capitol Hill to meet with House and Senate members in charge mortgage crisis. (Wed, 16 Apr 2008 01:22:57 GMT)

Mortgage worries abound
WASHINGTON | One in seven mortgage holders worries they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis. (Wed, 16 Apr 2008 01:57:29 GMT)

Nationwide Mortgage Lender Introduces FHA Mortgage Refinance Loans with Higher Home Loan Limits and Cash Out ...
BD Nationwide Mortgage introduces new loan limits for FHA mortgage refinance and home purchase loans. (Wed, 16 Apr 2008 07:01:00 GMT)

LionSaves.com Offers Hassle-Free Mortgage, Debt Consolidation Guidance Without a Catch
Homeowners seeking mortgage guidance can trigger aggressive sales calls by revealing personal info too soon. Now a new website offers free, custom mortgage/debt consolidation analysis without requiring identifying info. (Wed, 16 Apr 2008 07:01:00 GMT)

Nationwide Mortgage Lender Introduces FHA Mortgage Refinance Loans with Higher Home Loan Limits and Cash Out ...
BD Nationwide Mortgage introduces new loan limits for FHA mortgage refinance and home purchase loans. The increased loan limits for FHA mortgages offer a unique opportunity for homeowners to refinance into a lower interest rate loan that is fixed with 15 or 30-year terms. The lender is excited to release the FHA refinance loan that allows cash out up to 95% loan to value. This unique government ... (Wed, 16 Apr 2008 07:47:52 GMT)

FTSE rises as banks gains on BoE mortgage hopes
LONDON, April 16 - Britain's top share index rose 0.5 percent early on Wednesday, as banks gained on signs the Bank of England was close to finalising the terms for mortgage intervention and miners tracked higher metal prices. (Wed, 16 Apr 2008 07:58:53 GMT)

What a 40-year mortgage might do to your bottom line
The 40-year mortgage is popular with homebuyers, especially in Toronto where prices have risen sharply. Let's look at the pros and cons of extending a mortgage past the traditional 25-year limit. (Wed, 16 Apr 2008 08:39:51 GMT)

Bank of England set to act on mortgage crisis
The Bank of England is on the verge of taking action to address the increasing reluctance among mortgage lenders to lend money in the wake of the credit crunch. It is waiting for Government approval to take over mortgage loans that are sat on lenders' balance sheets, in order to increase liquidity in the money markets (Wed, 16 Apr 2008 08:54:28 GMT)

Halifax increases mortgage rates for second time in two weeks
Halifax, Britain’s biggest mortgage lender, will hit homeowners with its second increase in mortgage rates in less than a fortnight. The two increases will add more than £1,000 a year onto a typical £158,100 loan, piling the pressure onto cash-strapped homeowners (Wed, 16 Apr 2008 09:04:23 GMT)

Bank of England mulls credit-crunch plan for home loan market
LONDON (AFP) - The Bank of England is finalising plans to help Britain's mortgage market, which has been hit hard by the credit crunch as banks tighten lending criteria, the Financial Times reported Wednesday. (Wed, 16 Apr 2008 09:47:52 GMT)

Bank of England mulls credit-crunch plan for home loan market
The Bank of England is finalising plans to help the mortgage market, which has been hit hard by the credit crunch as banks tighten lending criteria, the Financial Times reported Wednesday. (Wed, 16 Apr 2008 09:51:54 GMT)

Ahead of the Bell: Mortgage Applications
Home-loan data to be released Wednesday will show whether applications rose for the second straight week, as borrowers took advantage of favorable interest rates to refinance their home loans. (Wed, 16 Apr 2008 10:08:06 GMT)

Banking and Financial
ASIC has released report 119 titled "Protecting more than the family home; An examination of refinancing in response to mortgage stress". The report draws on an examination of a small number of transactions where brokers arranged the refinance of home loans for borrowers in financial difficulties. (Wed, 16 Apr 2008 10:16:16 GMT)

(AFX UK Focus) 2008-04-16 11:23 GMT: WASHINGTON (AP) - Home-loan data to be released Wednesday will show whether ...
WASHINGTON (AP) - Home-loan data to be released Wednesday will show whether applications rose for the second straight week, as borrowers took advantage of favorable interest rates to refinance their home loans. (Wed, 16 Apr 2008 10:48:46 GMT)

Mortgage application volume rises slightly as rates fall
Mortgage application volume increased 2.5 percent during the week ending April 11, according to the Mortgage Bankers Association's weekly application survey. (Wed, 16 Apr 2008 11:09:58 GMT)

Mortgage applications rise by 2.5% week to week: MBA
Applications filed for mortgages rise a seasonally adjusted 2.5% in the week ended April 11 compared to the previous week, while mortgage interest rates declined, the Mortgage Bankers Association says. (Wed, 16 Apr 2008 11:23:29 GMT)

BoE eyes mortgage market intervention
UK authorities, under pressure to ease tensions in the mortgage market, are considering a scheme that would allow lenders to swap mortgage collateral for short-dated government bonds, a source close to the matter said. (Wed, 16 Apr 2008 11:43:00 GMT)

Mortgage application volume up 2.5%
Mortgage Bankers Association's weekly survey says the number of people filing home loan applications edged higher last week; refinance volume up 5.2%. (Wed, 16 Apr 2008 11:50:02 GMT)

Halifax hikes mortgage rates
The UK's biggest mortgage lender has hiked rates on its short-term deals by up to 0.5% despite last week's interest rate cut. (Wed, 16 Apr 2008 11:53:20 GMT)

Rates rejig from mortgage lenders
Two of the UK's biggest mortgage lenders put up the price of new short-term fixed-rate deals. (Wed, 16 Apr 2008 12:28:26 GMT)

Mortgage Applications Up 16.4 Percent From A Year Ago
(RTTNews) - Mortgage applications jumped 16.4 percent on a year over year basis in the week of April 11, the Mortgage Bankers Association said Wednesday. On a weekly basis, the Market Composite Index ticked up 2.5 percent on a seasonally adjusted basis to 743.4. Unadjusted, it rose 2.7 percent. (Wed, 16 Apr 2008 13:07:09 GMT)

Mortgage applications rise by 2.5% week to week: MBA
Mortgage applications rise by 2.5% week to week: MBA (Wed, 16 Apr 2008 13:23:48 GMT)

Wells Fargo earnings fall 11 percent amid rising loan losses
SAN FRANCISCO -- Wells Fargo & Co.'s first-quarter profit fell 11 percent as the nation's fifth-largest bank wrestled with rising loan losses and braced for more trouble ahead. (Wed, 16 Apr 2008 15:25:00 GMT)

JPMorgan Chase profit drops 50% on loan provisions
JPMorgan Chase & Co.'s profit fell 50% in the first quarter after the bank took a provision of $5.1 billion to strengthen its reserves by $2.5 billion and account for $2.6 billion in losses in its loan portfolio. (Wed, 16 Apr 2008 15:54:53 GMT)

Wells Fargo earnings fall 11 percent amid rising loan losses
Wells Fargo & Co.'s first-quarter profit fell 11 percent as the nation's fifth-largest bank wrestled with rising loan losses and braced for more trouble ahead. (Wed, 16 Apr 2008 17:00:31 GMT)

Sector Snap: Shares of mortgage lenders jump
Shares of mortgage lenders spiked in intraday trading Wednesday after data showed the number of mortgage applications rose last week, helped mostly by homeowners looking to refinance. (Wed, 16 Apr 2008 17:16:44 GMT)

Federal Home Loan Bank of Atlanta to Award $4.6 Million for Housing in North Carolina
Federal Home Loan Bank of Atlanta announced today that it will award $4.6 million in grants to help developers in North Carolina fund 20 affordable housing projects. (Wed, 16 Apr 2008 17:40:00 GMT)

Bank of England poised for action to ease mortgage market misery
Ground-breaking plan aimed at easing the gridlock in mortgage markets is being finalised by the Bank of England and Treasury (Wed, 16 Apr 2008 18:33:50 GMT)

'Marketplace' Report: Mortgage Applications
Despite a slumping economy, mortgage applications are up. What does this mean? (Wed, 16 Apr 2008 18:55:33 GMT)

Fannie Mae: Investment in N.O. tops $1 billion
NEW ORLEANS -- The Federal National Mortgage Association said Wednesday its investment in underwriting or refinancing home loans since Hurricane Katrina has reached $40 billion in the... (Wed, 16 Apr 2008 19:18:59 GMT)

FBI sees surge in mortgage fraud
FBI Director Robert Mueller says there has been a "tremendous surge" in mortgage fraud investigations, and he expects it to keep growing. (Wed, 16 Apr 2008 19:46:08 GMT)

FBI director describes growing number of cases into mortgage fraud and lending practices
WASHINGTON - FBI Director Robert Mueller says there has been a "tremendous surge" in mortgage fraud investigations, and he expects it to keep growing. (Wed, 16 Apr 2008 19:57:01 GMT)

FBI sees surge in mortgage fraud
FBI Director Robert Mueller says there has been a "tremendous surge" in mortgage fraud investigations, and he expects it to keep growing. At a Senate hearing Wednesday, Mueller (MAHL'-ur) estimated that the FBI has 1,300 investigations underway, 19 of them... (Wed, 16 Apr 2008 20:11:56 GMT)

Seeking a Mortgage in Today's Market Is Not Easy
Getting a mortgage or refinancing one is now a Herculean task. Here's what to expect. (Wed, 16 Apr 2008 20:53:19 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Wed, 16 Apr 2008 20:55:56 GMT)

FBI sees surge in mortgage fraud investigations
FBI Director Robert Mueller on Wednesday described a "tremendous surge" in mortgage fraud investigations that he said has diverted agents from other cases and is expected to keep growing. (Wed, 16 Apr 2008 21:15:24 GMT)

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