Mortgage News Apr 2008

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Aurora selects owner for 1840s home
Aurora's newest resident hasn't even closed on her new home yet, but Aimee Kennedy already has begun furniture shopping and planning for a new roof and windows. (Mon, 28 Apr 2008 17:07:51 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? (Mon, 28 Apr 2008 17:10:16 GMT)

Bush administration opposes Democrats' mortgage relief bill
Congressional Democrats and the White House are on a collision course over an ambitious proposal drafted to address the spreading mortgage crisis. (Mon, 28 Apr 2008 17:32:14 GMT)

Mortgage lenders demand bigger deposits
Hopes that the £50bn bail-out announced last Monday by the Bank of England would ease the impact of the credit crunch on the housing market received another blow today when two of the UK's major mortgage providers all but eliminated 95% mortgages from their ranges. (Mon, 28 Apr 2008 18:05:00 GMT)

Mortgage rate rises gathering pace
Mortgage rates have increased during the past week despite moves by the Bank of England to ease the problems in the money markets, figures showed. (Mon, 28 Apr 2008 18:08:11 GMT)

Mortgage rate rises gathering pace
Mortgage rates have increased during the past week despite moves by the Bank of England to ease the problems in the money markets, figures show. (Mon, 28 Apr 2008 18:08:21 GMT)

Some in rental market experiencing increase due to mortgage crisis
While much of the country continues to struggle with lingering economic effects resulting from the home mortgage crisis, a tangential silver lining may be witnessed in one segment of the housing equation. (Mon, 28 Apr 2008 18:11:53 GMT)

Home Depot spent $1.18 million to lobby in 2007
The Home Depot Inc. spent $1.18 million on its own behalf in 2007 to lobby the federal government on timber and energy legislation, among other issues. (Mon, 28 Apr 2008 18:14:44 GMT)

Mortgage provider tightens criteria
The practice of allowing first-time homebuyers to put down a deposit of as little as 5 per cent appears to be nearing an end as mortgage providers take further steps to tighten lending requirements amid the credit crisis. (Mon, 28 Apr 2008 18:48:37 GMT)

Hundreds Of Mortgage Files Found In Dumpster
The district attorney's office is advising anyone who has used Cove Creek Mortgage to watch out for identity theft after hundreds of mortgage files were dumped in a public trash bin over the weekend. (Mon, 28 Apr 2008 21:22:35 GMT)

New Law Means Changes For Ky. Mortgage Brokers
Kentucky's mortgage industry is going to be changing after Kentucky Governor Steve Beshear signed House Bill 552 into law on Monday. The governor said the measure will protect consumers by holding mortgage brokers to a higher standard. (Mon, 28 Apr 2008 21:45:52 GMT)

Loving Loan Workouts
Pain for mortgage investors could spell profits for Computer Sciences. (Mon, 28 Apr 2008 22:13:52 GMT)

Senate Hearing Focuses on Mortgage Lenders
A Senate subcommittee plans to investigate whether mortgage lenders are deepening the foreclosure crisis by levying dubious fees on troubled borrowers. (Mon, 28 Apr 2008 22:57:46 GMT)

Taking a loan? Read this first
Question: I need to get a personal loan but don’t know where to best avail of it. There are finance companies and banks that offer this. Even my credit card is offering me a loan. One of their telemarketers called me the other day offering me one. Where is the best place to get a loan? --Samantha (Tue, 29 Apr 2008 02:02:29 GMT)

A worthwhile wait for a Waiehu home
WAIEHU, Maui — Before Donna and Harry Brown Jr. could have a new home in the Waiehu Kou subdivision, they had a son, Kahiau, an adopted child with cerebral palsy. (Tue, 29 Apr 2008 02:14:58 GMT)

Mortgage company's files, customer info found in trash
CENTENNIAL - The Arapahoe County District Attorney's office is warning consumers, after sensitive information from a mortgage company's files were found in a trash receptacle. (Tue, 29 Apr 2008 02:37:33 GMT)

LendingTree sues mortgage lenders in privacy breach
LendingTree, an online mortgage broker that claims to have reached more than 20 million customers, had a privacy breach that exposed personal data such as income and job information on an undisclosed number of users. (Tue, 29 Apr 2008 02:44:52 GMT)

Mortgage legend says price slump deeper than seems
The man credited with developing the financing of the modern U.S. mortgage industry says home values have fallen more than their listed prices suggest but they could hold steady with the help of a bill in Congress. (Tue, 29 Apr 2008 03:40:20 GMT)

Metro First-Quarter Loss Widens on Loan in Romania; Sales Rise
April 29 (Bloomberg) -- Metro AG , Germany's largest retailer, said its first-quarter loss widened on a currency loss in Romania while sales growth in eastern Europe helped offset slowing revenue at home. (Tue, 29 Apr 2008 05:55:51 GMT)

Mortgage Broker Sues Lenders in Privacy Breach
LendingTree, an online mortgage broker that claims to have reached more than 20 million customers, had a privacy breach that exposed personal data such as income and job information on an undisclosed number of users. (Tue, 29 Apr 2008 07:01:31 GMT)

Mortgage legend says price slump deeper than seems
BEVERLY HILLS, California (Reuters) - The man credited with developing the financing of the modern U.S. mortgage industry says home values have fallen more than their listed prices suggest but they could hold steady with the help of a bill in Congress. (Tue, 29 Apr 2008 07:34:23 GMT)

Broker accused of stealing mortgage payments
A Delaware County couple had to put their wedding on hold after losing two properties at the hands of a disbarred lawyer turned mortgage broker, authorities said. (Tue, 29 Apr 2008 08:05:58 GMT)

SACRAMENTO / Stockton man guilty in mortgage scheme
A Stockton man pleaded guilty Monday to federal felony charges connected to a subprime mortgage fraud scheme in San Joaquin County, prosecutors said. Iftikhar Ahmad, 36, is the fourth defendant to admit wrongdoing in a federal investigation of property... (Tue, 29 Apr 2008 08:11:16 GMT)

Repo rates intact, loan rates unlikely to change
There'll be no immediate change in home loan rates after the credit policy. (Tue, 29 Apr 2008 08:27:44 GMT)

Santander Net Rises as Brazil Offsets Spain Slowdown (Update1)
April 29 (Bloomberg) -- Banco Santander SA , Spain's biggest bank, said first-quarter profit climbed 22 percent as revenue from Brazil offset slowing growth and higher loan losses in its home market. (Tue, 29 Apr 2008 08:48:46 GMT)

Experts, consumers share home market views
The spring home-buying season is kicking off in the midst of the most painful real estate recession in decades, with prices tumbling and many Americans losing their homes to foreclosure because they can't pay their mortgages. As buyers and sellers begin what's typically an energetic time for real estate activity, USA TODAY convened a virtual roundtable of housing experts and everyday Americans ... (Tue, 29 Apr 2008 08:54:33 GMT)

British mortgage approvals at all-time low in March
LONDON (MarketWatch) -- British mortgage approvals fell to 64,000 in March, down from 72,000 in February, the Bank of England reported Tuesday. The figure was slightly above the consensus forecast of 62,000 but is the lowest since records began in 1993, analysts said. Net lending to individuals and consumer credit also declined. (Tue, 29 Apr 2008 08:58:33 GMT)

U.S. Foreclosure Filings Double in First Quarter, Led by Nevada
April 29 (Bloomberg) -- U.S. foreclosure filings more than doubled in the first quarter as payments rose for subprime adjustable mortgages and falling home prices left property owners unable to sell or refinance without losing money. (Tue, 29 Apr 2008 09:23:08 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Tue, 29 Apr 2008 09:25:15 GMT)

Bank cash plan 'not mortgage aid'
A £50bn loan plan for UK banks was not designed to "kick-start" the mortgage market, the Bank of England head says. (Tue, 29 Apr 2008 09:43:40 GMT)

Upside down on home? Take a deep breath
Don't let the fear of being upside down on a loan force you into foolish decisions, says Dr. Don Taylor. (Tue, 29 Apr 2008 10:00:00 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? (Tue, 29 Apr 2008 10:24:25 GMT)

Dodd shops mortgage assistance legislation
New London — Three months after he dropped out of the race for the Democratic nomination for president, Sen. Chris Dodd still says he might (Tue, 29 Apr 2008 10:30:53 GMT)

Mortgage approvals hit record low
Figures from the Bank of England reveal that the slowdown in mortgage approvals continued in March. (Tue, 29 Apr 2008 10:37:40 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, 29 Apr 2008 10:38:26 GMT)

King: Bank of England plan won't 'kickstart' mortgage lending
LONDON (MarketWatch) -- The special liquidity plan unveiled by the Bank of England last week isn't designed to "kickstart" sluggish mortgage lending, but instead aims to ensure banks are confident they'll be repaid when lending to each other, Bank of England Gov. Mervyn King said Tuesday. (Tue, 29 Apr 2008 10:53:39 GMT)

Santander Net Rises as Brazil Offsets Spain Slowdown (Update2)
April 29 (Bloomberg) -- Banco Santander SA , Spain's biggest bank, said first-quarter profit climbed 22 percent as revenue from Brazil offset slowing growth and higher loan losses at home. (Tue, 29 Apr 2008 11:03:24 GMT)

Mortgage approvals hit fresh low
Consumers tightened their belts another notch last month as tough credit conditions caused a sharp fall in mortgage approvals, according to data from the Bank of England. (Tue, 29 Apr 2008 11:11:00 GMT)

Upside down on home? Take a deep breath
Dear Dr. Don, My wife and I bought a house two years ago, just before the end of the Bakersfield, Calif., housing boom. When we began investigating refinancing to a fixed-rate mortgage, our lender told us our mortgage was upside down by almost $30,000 and they wouldn't refinance. Scary! (Tue, 29 Apr 2008 12:06:20 GMT)

Countrywide posts 1st-qtr loss of $893M as it takes $1.5B loan-loss provision
LOS ANGELES - Countrywide Financial Corp., the nation's largest mortgage lender and servicer, said Tuesday it lost $893 million during the first quarter due to a sharp increase in its provision to gird against unpaid home mortgage loans amid a deepening housing downturn. (Tue, 29 Apr 2008 12:42:04 GMT)

Countrywide: Bad loans and $900M loss
Countrywide Financial Corp. once again found itself mired in red ink, reporting a loss Tuesday of nearly $900 million as higher housing-related credit losses engulfed the mortgage lender's results. (Tue, 29 Apr 2008 12:47:14 GMT)

Santander Net Rises as Brazil Offsets Spain Slowdown (Update3)
April 29 (Bloomberg) -- Banco Santander SA , Spain's biggest bank, said first-quarter profit climbed 22 percent as revenue from Brazil offset slowing growth and higher loan losses at home. (Tue, 29 Apr 2008 13:48:17 GMT)

Europe Round Up - French Consumer Confidence Continues To Fall; UK Mortgage Approvals At Record Low
(RTTNews) - Tuesday, European economies witnessed hectic activity with several reports released from different nations. Major eurozone economies released statistical data, which included consumer confidence, inflation, retail sales and wages data. (Tue, 29 Apr 2008 14:21:07 GMT)

Opening Glance:Mortgage lenders dip after Countrywide report
Shares of mortgage lenders slipped Tuesday after Countrywide Financial Corp. reported an $893 million loss for the first quarter. (Tue, 29 Apr 2008 14:23:09 GMT)

Mortgage lender reports third straight quarterly loss
Countrywide Financial Corp., the mortgage lender that Bank of America Corp. plans to buy, reported a third straight quarterly loss as late payments and home foreclosures escalated. (Tue, 29 Apr 2008 14:58:02 GMT)

GMAC Posts $589 Million Loss on Home Lending Woes (Update2)
April 29 (Bloomberg) -- GMAC LLC , the auto and home lender that General Motors Corp. sold to a private equity group, posted a $589 million loss in the first quarter and said it may not make a profit until next year. (Tue, 29 Apr 2008 15:08:09 GMT)

Men are pigs for home-builder protest in Denver
Men dressed as pigs frolicked outside the annual meeting of Richmond American Homes in Denver this morning, drawing attention to the role they say corporate home builders played in creating the mortgage and foreclosure crises. (Tue, 29 Apr 2008 15:09:31 GMT)

GMAC posts loss on mortgage woes
Finance company GMAC said on Tuesday its first-quarter loss nearly doubled as more customers fell behind on mortgage payments, and warned that it might not be profitable until well into 2009, later than expected. (Tue, 29 Apr 2008 15:32:51 GMT)

MarketWatch First Take: The mortgage machine sleeps at Countrywide
Countrywide’s stunningly poor first-quarter results may be obscuring the mortgage bank’s potential. (Tue, 29 Apr 2008 15:54:31 GMT)

Virgin Money Reaches $300 Million Loan and Mortgage Volume
Rapid growth attributed to clear consumer desire for alternative financing options. (Tue, 29 Apr 2008 17:00:00 GMT)

Virgin Money Reaches $300 Million Loan and Mortgage Volume
Rapid growth attributed to clear consumer desire for alternative financing options. (PRWeb Apr 29, 2008) Read the full story at http://www.prweb.com/releases/2008/04/prweb899524.htm (Tue, 29 Apr 2008 17:13:23 GMT)

Stockton man admits using straw buyers to get mortgage loans
A Stockton man has admitted using straw buyers to obtain large mortgage loans from a subprime lender to purchase properties in the San Joaquin Valley, federal prosecutors said. Iftikhar Ahmad, 36, pleaded guilty Monday to federal felony fraud charges for... (Tue, 29 Apr 2008 17:41:59 GMT)

Bush could get mortgage plan by early July
The U.S. Congress could send a package of proposals for housing and mortgage reform to the White House by July 4, a senior House Democrat said on Tuesday. (Tue, 29 Apr 2008 18:13:06 GMT)

Fitch Affirms $262.2MM & Downgrades $6.1MM from 5 Fremont Home Loan Trust Subprime Transactions
NEW YORK----Fitch Ratings has taken the following rating actions on Fremont Home Loan Trust mortgage pass-through certificates. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are removed from Rating Watch Negative. (Tue, 29 Apr 2008 19:11:00 GMT)

Countrywide, GMAC post big losses on mortgages
Countrywide Financial Corp and GMAC LLC, which run the largest independent U.S. mortgage lenders, posted big first-quarter losses on Tuesday, hurt by credit problems as the nation's housing slump deepens. (Tue, 29 Apr 2008 19:11:27 GMT)

Hatteras Financial bets on bottom of mortgage crisis
Investors who believe the worst of the mortgage crisis is over boosted real estate investment trust Hatteras Financial Corp. in its first day of trading on Friday, and similar companies may follow in making initial public offerings. (Tue, 29 Apr 2008 19:43:00 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? (Tue, 29 Apr 2008 19:56:15 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Tue, 29 Apr 2008 19:57:36 GMT)

Federal Mortgage Plan Falls Short, Critics Say
Federal statistics show that most people who have refinanced are homeowners who have made their mortgage payments on time, not borrowers in crisis. (Tue, 29 Apr 2008 19:57:46 GMT)

Home Valley Bancorp Reports 1st Quarter, 2008 Results
GRANTS PASS, Ore.----Home Valley Bancorp , the parent company of Home Valley Bank, announced today that it will take an additional provision for loan losses in the 1st-quarter for the impairment of a group of loans that is part of a $2.8 million relationship. (Tue, 29 Apr 2008 20:46:00 GMT)

Home Valley Bancorp Reports 1st Quarter, 2008 Results
Home Valley Bancorp (Company) (OTCBB:HVYB), the parent company of Home Valley Bank, announced today that it will take an additional provision for loan losses in the 1st-quarter for the impairment of a group of loans that is part of a $2.8 million relationship. As of this press release the loans in question for this relationship are listed as performing with no delinquency at this time. This ... (Tue, 29 Apr 2008 21:11:37 GMT)

Save Rs 505 on your monthly installment for a Rs 30 lakh home loan of 20 years
Risk Weightage Lowered from 150% to 50%, will partially offset impact of high interest rates (Tue, 29 Apr 2008 21:38:16 GMT)

Home Valley Bancorp reports Q1 loss
Because of loan losses, Home Valley Bancorp did not make a profit in the first quarter of 2008. (Tue, 29 Apr 2008 22:16:09 GMT)

Arizona State Credit Union Featured in Federal Home Loan Bank Annual Report
Arizona State Credit Union was featured in the Federal Home Loan Bank of San Francisco´s 2007 (Wed, 30 Apr 2008 00:02:11 GMT)

Arizona State Credit Union Featured in Federal Home Loan Bank Annual Report
Arizona State Credit Union was featured in the Federal Home Loan Bank of San Francisco's 2007 Annual Report. The Credit Union was one of three members featured in the publication and the only credit union. (Wed, 30 Apr 2008 00:11:21 GMT)

Countrywide Q1 loss tops $890 million; blames mortgage industry meltdown
CALABASAS -- Countrywide Financial Corp. on Wednesday reported a first-quarter loss of $893 million, which it blamed on soaring costs associated with the meltdown of the mortgage industry. (Wed, 30 Apr 2008 00:11:28 GMT)

The Road to a Jumbo Mortgage Was Supposed to Get Easier
The effort to make it easier to get loans over $417,000 has yielded frustration, with many saying the loans are not available or the rates are far higher than they expected. (Wed, 30 Apr 2008 01:27:46 GMT)

Mortgage aid program benefiting few in trouble
WASHINGTON -- In August, President Bush promised to help homeowners who had fallen behind on their mortgage payments refinance with stable government-insured loans. This month, officials asserted that more than 150,000 people had benefited. (Wed, 30 Apr 2008 03:05:42 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Wed, 30 Apr 2008 03:05:44 GMT)

Good news for home loan borrowers
Home loan borrowers have something to cheer for as Reserve Bank on Tuesday eased risk provisioning norms and allowed urban cooperative banks to lend up to Rs 50 lakh in Tier II cities for housing.In its annual credit policy, the apex bank categorised housing loans up to Rs 30 lakh, instead of Rs 20 lakh, as lower risk weight. (Wed, 30 Apr 2008 03:32:06 GMT)

Federal Mortgage Plan Falls Short, Critics Say
Statistics show that most people who have refinanced are homeowners who make their payments on time, not borrowers in crisis. (Wed, 30 Apr 2008 03:37:01 GMT)

Broker accused of stealing mortgage payments
A Delaware County couple had to put their wedding on hold after losing two properties at the hands of a disbarred lawyer turned mortgage broker, authorities said. (Wed, 30 Apr 2008 05:20:44 GMT)

Broker accused of stealing mortgage payments
A Delaware County couple had to put their wedding on hold after losing two properties at the hands of a disbarred lawyer turned mortgage broker, authorities said. (Wed, 30 Apr 2008 05:23:14 GMT)

What should I do with my home loan?
At this juncture, floating rates are likely to go up (Wed, 30 Apr 2008 05:47:16 GMT)

Mortgage meltdown
Foreclosures in Porter County in 2007 jumped 37 percent to 493 according to the Sheriff's Department. In Lake County the number was 1,697. The nationwide meltdown of the housing mortgage market is bad as 2.8 million face foreclosures. (Wed, 30 Apr 2008 06:07:56 GMT)

State mortgage fraud penalties hiked, tax help offered
In the wake of Florida's real estate downturn and rapid rise in foreclosures, the state Senate passed a second bill in as many years Tuesday, increasing the penalties for those convicted of mortgage fraud. (Wed, 30 Apr 2008 07:11:19 GMT)

Mortgage broker sues lenders in privacy breach
LendingTree, an online mortgage broker that claims to have reached more than 20 million customers, had a privacy breach that exposed personal data such as income and job information on an undisclosed number of users. (Wed, 30 Apr 2008 07:13:03 GMT)

Jumbo mortgage 'relief' replaced by grief for many would be buyers
In mid February, Congress gave beleaguered mortgage borrowers a rare cause for celebration. As part of the economic stimulus package, it passed rules intended to make it easier and less expensive for people to take out hefty loans in the nation's costliest housing markets. (Wed, 30 Apr 2008 08:41:44 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Wed, 30 Apr 2008 09:24:55 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Wed, 30 Apr 2008 09:25:05 GMT)

Ahead of the Bell: Mortgage Applications
Industry data to be released Wednesday will show whether home loan applications fell for the second straight week as interest rates inched upward. (Wed, 30 Apr 2008 10:09:01 GMT)

Weakest mortgage start for five years
Figures from the Central Bank show that the annual rate of borrowing growth crept up in March, though growth in mortgage lending continued to slow. Total borrowing grew at an annual rate of 17.1%, compared with 15.6% in February. (Wed, 30 Apr 2008 10:41:09 GMT)

Week-to-week mortgage application filings down 11.1%
Despite a modest drop in interest rates, the volume of mortgage fall a seasonally adjusted 11.1% on a week-to-week basis, according to the Mortgage Bankers Association. (Wed, 30 Apr 2008 11:09:09 GMT)

Mortgage application volume falls on few refinancings
Mortgage application volume fell 11.1 percent during the week ending April 25, according to the Mortgage Bankers Association's weekly application survey. (Wed, 30 Apr 2008 11:12:31 GMT)

Federal Mortgage Plan Falls Short, Critics Say
Statistics show that most people who have refinanced are homeowners who make their payments on time, not borrowers in crisis. (Wed, 30 Apr 2008 11:36:58 GMT)

Mortgage application volume slips
Mortgage Bankers Association's weekly application survey says volume fell 11.1% during the week ending April 25. (Wed, 30 Apr 2008 11:47:04 GMT)

MFA Mortgage posts loss in 1Q tied to asset sales
MFA Mortgage Investments Inc., an investor in mortgage securities, said Wednesday it swung to a loss during the first quarter due to losses taken on asset sales and the termination of interest rate swap agreements. (Wed, 30 Apr 2008 13:23:49 GMT)

Nigeria: Secondary Mortgage Market Virtually Non-Existent - Housing Minister
The secondary mortgage market which affords property owners to trade in their property for refinancing in the country is virtually non-existent which resulted in some bottlenecks faced in housing delivery, Minister of Environment, Housing and Urban Development said in Abuja yesterday. (Wed, 30 Apr 2008 13:36:50 GMT)

Mortgage index declines on week
WASHINGTON, April 30 (UPI) -- The Mortgage Bankers Association's leading index of mortgage activity fell in the week ending April 25, the association said Wednesday. (Wed, 30 Apr 2008 13:57:34 GMT)

Mortgage index declines on week
The Mortgage Bankers Association's leading index of mortgage activity fell in the week ending April 25, the association said Wednesday.The Purchase Index dropped 4.8 percent to 340.1, indicating continued erosion of the housing market.The Refinancing Index declined sharply, down 16.7 percent to 1,906.2 from last week's level of 2,286.3, the report said.Refinancing on the week accounted for 45.7 ... (Wed, 30 Apr 2008 14:10:17 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Wed, 30 Apr 2008 14:26:45 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Wed, 30 Apr 2008 14:26:55 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? (Wed, 30 Apr 2008 14:27:16 GMT)

Merrill Lynch Global Mortgage Head Soltas to Leave (Update1)
April 30 (Bloomberg) -- Scott Soltas , head of the global mortgage business at Merrill Lynch & Co. , is leaving the firm, according to people familiar with the decision. (Wed, 30 Apr 2008 15:23:18 GMT)

Stewart Title Ltd. Offers Lenders Cover Against Loss Resulting From . Mortgage Fraud
Mortgage Fraud 28/04/2008 06:00:00 Business Wire CA9169091043 Stewart Title Ltd., the underwriter of United Kingdom transactions for Stewart Title Guaranty Company, can provide lenders the cover they need to safeguard their mortgage transactions. (Wed, 30 Apr 2008 16:05:15 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Wed, 30 Apr 2008 17:39:26 GMT)

Och-Ziff to launch mortgage, emerging-markets funds
Och-Ziff Capital Management Group LLC said on Wednesday that it’s preparing a new mortgage fund and is close to launching an emerging-markets platform as the hedge fund firm tries to attract more capital from institutional investors. (Wed, 30 Apr 2008 19:53:29 GMT)

Chouhan asks PM to issue loan waiver guidelines
Madhya Pradesh Chief Minister Shivraj Singh Chouhan Wednesday urged Prime Minister Manmohan Singh to issue detailed guidelines for the Rs.600 billion farm loan waiver package announced in the budget. (Wed, 30 Apr 2008 19:54:09 GMT)

Mortgage Turmoil Tough on Renters Too, With Rising Rents and Foreclosure Eviction
CHICAGO, IL -- The current mortgage turmoil reaches deep into rental markets. (Wed, 30 Apr 2008 20:01:34 GMT)

Federal Home Loan Bank of Atlanta to Award More Than $6 Million for Housing in South Carolina
Federal Home Loan Bank of Atlanta announced today that it will award more than $6.2 million to help South Carolina developers fund 802 affordable housing units. (Wed, 30 Apr 2008 20:14:00 GMT)

Emeritus Announces Refinance of 18 Communities
SEATTLE, Wash.----Emeritus Corporation , a national provider of assisted living and related services to senior citizens, announced today that it has refinanced $112.0 million of mortgage debt on 18 of its existing communities. (Wed, 30 Apr 2008 21:12:00 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, 30 Apr 2008 21:37:26 GMT)

Emeritus refinances $112 million in mortgage debt
Emeritus Corp. said Wednesday it refinanced $112 in mortgage debt on 18 of its assisted living and senior citizen communities. (Wed, 30 Apr 2008 21:43:57 GMT)

Federal Home Loan Bank of San Francisco Releases March 2008 Cost of Funds Index
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco announced April 30, 2008, that the 11th District Monthly Weighted Average Cost of Funds Index for March 2008 is 3.280%. The index for February 2008 was 3.560%. (Wed, 30 Apr 2008 22:12:00 GMT)

BoC governor Carney warns about loosening mortgage standards in Canada
Julian Beltrame, The Canadian Press April 30, 2008 - 6:12 p.m. OTTAWA - Bank of Canada governor Mark Carney is concerned about the loosening standards in the Canadian mortgage system, particularly the growing popularity of mortgages amortized over a 40-year period. (Wed, 30 Apr 2008 22:28:27 GMT)

Federal Home Loan Bank of San Francisco Releases March 2008 Cost of Funds Index
The Federal Home Loan Bank of San Francisco announced April 30, 2008, that the 11th District Monthly (Wed, 30 Apr 2008 22:33:35 GMT)

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