Mortgage News May 2008

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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, 28 May 2008 15:51:19 GMT)

Key Shares Dip on Loan Worries
The bank sees higher loan charge-offs due to a deteriorating portfolio of loans to homebuilders. (Wed, 28 May 2008 16:10:36 GMT)

Abbey raises mortgage rates
Abbey reverses recent cuts in mortgage rates, as it and the Woolwich raise the prices of some new deals. (Wed, 28 May 2008 16:35:27 GMT)

Macquarie admits to loan contract errors
MACQUARIE Bank is hoping it can grab thousands of dollars from up to 1000 borrowers set to refinance their home loans with rival lenders. (Wed, 28 May 2008 17:00:00 GMT)

Once home-based business returning to nest
When a small business graduates from being home-based to having premises of its own, it's quite an accomplishment. But in this economy, some small company owners are deciding it makes more sense to move back home again. (Wed, 28 May 2008 18:06:28 GMT)

Genworth steps up mortgage workouts to ease claims
NEW YORK, May 28 - U.S. life and mortgage insurer Genworth Financial Inc on Wednesday said it and loan servicing companies increased "workouts" for troubled borrowers by 30 percent last quarter versus a year ago in an effort to reduce the number of claims. (Wed, 28 May 2008 18:48:41 GMT)

BofA picks insider to run mortgage business
Bank of America says one of its own executives will run its consumer real-estate business after it acquires mortgage lender Countrywide Financial. (Wed, 28 May 2008 20:01:53 GMT)

Closing Glance: Shares of commercial banks drop
Commercial bank stocks dropped Wednesday after data showed mortgage application and refinance volume fell last week. The Mortgage Bankers Association said mortgage application volume slipped 4.6 percent during the week ending May 23. (Wed, 28 May 2008 20:05:55 GMT)

BofA picks insider to run mortgage business
CHARLOTTE, N.C. -- Bank of America Corp. said Wednesday it plans to stick with one of its own executives to run its consumer real estate business upon its $4 billion acquisition of mortgage lender Countrywide Financial Corp. (Wed, 28 May 2008 20:08:29 GMT)

BofA picks insider to run mortgage business
Bank of America Corp. said Wednesday it plans to stick with one of its own executives to run its consumer real estate business upon its $4 billion acquisition of mortgage lender Countrywide Financial Corp. (Wed, 28 May 2008 20:15:00 GMT)

Key, Banks Slip on Loan Concerns
Key slipped 12% after saying it expected higher loan charge-offs than expected, and other regional banks slipped as well. (Wed, 28 May 2008 20:25:36 GMT)

BofA picks insider to run mortgage business
Bank of America says one of its own executives will run its consumer real-estate business after it acquires mortgage lender Countrywide Financial. As part of the changes announced Wednesday, current Countrywide president and operating chief David Sambol will... (Wed, 28 May 2008 20:38:06 GMT)

From No Loan to Home Own (While in Escrow!) - San Fernando Valley Realtor, Grace Michelman, Sets a New Standard for ...
SHERMAN OAKS, Calif.----Realtor Grace Michelman understands a difficult situation, but nothing could have prepared her for the credit storm that was Jack Granville. His FICO score was poor, his loan approval was non-existent, and his money was in escrow. (Wed, 28 May 2008 21:30:00 GMT)

Teacher Gets Home Loan Under New Program
The first teacher to get some help from Governor Jim Gibbons' Teachers First home loan program is about to get his money. Reporter Chris Saldana has the story. (Wed, 28 May 2008 21:34:09 GMT)

Twin Cities mortgage firm founder sentenced in fraud case
A federal judge in Minneapolis today sentenced the head of a defunct Twin Cities mortgage brokerage to 70 months in prison and five years of supervised release for mortgage fraud. (Wed, 28 May 2008 21:56:11 GMT)

Uncle Sam provides shelter in student loan storm
With more than 60 lenders leaving the federal student loan market, and private lenders tightening lending criteria or walking away from the business altogether, parents and students are facing what one expert called a "credit crunch and college financing storm." (Thu, 29 May 2008 00:05:03 GMT)

David Prosser's Outlook: The incredible vanishing mortgage
Move fast if you're on the look-out for a new mortgage and you spot a decent deal – blink and there's a good chance you'll miss it. Take Abbey, which just a fortnight ago cut the cost of its fixed-rate mortgages. Yesterday, in an abrupt change of heart, those price cuts were reversed. (Thu, 29 May 2008 00:06:41 GMT)

Brinley Teacher Is First Recipient Of Teachers' First Home Loan Program
The state is offering a new incentive in hopes that teachers will stick around and become vested in our community. (Thu, 29 May 2008 00:50:01 GMT)

Mortgage applications fell last week
WASHINGTON -- Mortgage applications in the U.S. last week dropped to their lowest level in a month, reflecting less refinancing as interest rates rose. (Thu, 29 May 2008 01:06:12 GMT)

AXA says UK homeowners at risk of falling into mortgage arrears
Research published by AXA has revealed that more UK homeowners are at risk of falling into mortgage arrears or having their home repossessed, and most of them have no protection in place to guard against possible financial hardship. (Thu, 29 May 2008 01:37:09 GMT)

Australia Central Bank Mortgage-Bond Purchases Near A$3 Billion
May 29 (Bloomberg) -- Australia's central bank bought A$120 million ($115 million) of mortgage-backed bonds, raising to almost A$3 billion the total such debt it has swapped for cash under repurchase agreements. (Thu, 29 May 2008 02:30:25 GMT)

Ex-mortgage lender pleads guilty to theft
A former Bucks County attorney recently admitted in Delaware County Court that he used his latest job as a mortgage lender to steal from his clients. (Thu, 29 May 2008 05:18:52 GMT)

Mortgage deals disappear fast in a fast moving market
AVERAGE mortgage deals are now on the market for just 11 working days - a fall of 30 per cent on a year ago, according to a consumer website. (Thu, 29 May 2008 08:23:53 GMT)

Indonesia Mandiri optimistic on 22 pct loan growth
JAKARTA, May 29 - Indonesia's largest lender, PT Bank Mandiri Tbk , said on Thursday it was optimistic it will achieve 22 percent loan growth in 2008, despite higher inflation and rates, thanks to a strong natural resources sector. (Thu, 29 May 2008 08:27:48 GMT)

Indonesia Mandiri optimistic on 22 pct loan growth
JAKARTA, May 29 - Indonesia's largest lender, PT Bank Mandiri Tbk , said on Thursday it was optimistic it will achieve 22 percent loan growth in 2008, despite higher inflation and rates, thanks to a strong natural resources sector. (Thu, 29 May 2008 08:27:48 GMT)

Q: How much of a mortgage can I afford?
A: As a general rule, your monthly mortgage payment, taxes and insurance shouldn't be more than 28 percent of your gross monthly income, according to Realtor.com. (Thu, 29 May 2008 08:51:26 GMT)

Va. Offers Mortgage Clinics
Virginia officials are joining the parade of local governments trying to cope with the rising tide of foreclosures by offering free mortgage-assistance clinics to homeowners at risk. (Thu, 29 May 2008 09:38:13 GMT)

Mortgage rates rise and lenders get strict
Every time you fill the gas tank, you get a lesson in why mortgage rates are rising. Mortgage rates went up this week because prices for fuel and food keep moving higher and higher. The fear is that prices for everything else will get kicked upward, too. (Thu, 29 May 2008 10:41:46 GMT)

BofA picks insider to run mortgage business
Bank of America Corp. reversed its decision to put Countrywide Financial Corp.'s president in charge of mortgage operations after the two companies merge this summer. Instead, the Charlotte bank – eager to mark the combined company with a Bank of America stamp – said Wednesday that it will put one of its own at the helm. Barbara Desoer, a 31-year veteran of Bank of America, will lead the ... (Thu, 29 May 2008 11:01:50 GMT)

MFA Mortgage prices common stock offering
MFA Mortgage Investments Inc., a real estate investment trust, said Thursday it priced a public offering of common stock at $6.95 per share, representing a 1 percent discount to Wednesday's closing price of $7.05. (Thu, 29 May 2008 11:15:21 GMT)

Bankrate: Mortgage Rates Rebound
Fixed mortgage rates reversed the decline seen last week, with the average conforming 30-year fixed mortgage rate rising to 6.20 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.47 discount and origination points. (Thu, 29 May 2008 11:30:00 GMT)

States Act to Stem Foreclosure Scams
By Pauline Vu - For people about to lose their homes to foreclosure, the advertisements are like a lifeline: "WE BUY HOUSES FOR CA$H," or "Refinance Your Mortgage! And Receive a 7 Day Vacation." (Thu, 29 May 2008 11:52:52 GMT)

J.D. Power and Associates Reports: Customer Satisfaction with Home Equity Line of Credit/Loan Origination is Up, ...
Despite an economy affected by a stagnant housing market, decreasing home values and upheaval among lenders, overall customer satisfaction with the home equity line of credit/loan origination process has improved since 2007, according to the J.D. (Thu, 29 May 2008 12:00:00 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? (Thu, 29 May 2008 12:02:38 GMT)

Mortgage lender pleads guilty
A former Bucks attorney admitted stealing from area residents who thought he was refinancing their mortgages. (Thu, 29 May 2008 13:09:11 GMT)

Premarket roundup: MFA Mortgage, Men's Warehouse
MFA Mortgage Investments Inc.'s $278 million common stock offering led an analyst to boost his rating and price target on the real estate investment trust Thursday and predict the move will add 2.5 cents to quarterly earnings. (Thu, 29 May 2008 13:31:35 GMT)

Prudential sees mortgage losses capped at $400 mln
Prudential Financial Inc , one of the largest U.S. life insurers, said on Thursday it does not expect net credit losses from residential mortgage investments, including subprime, to exceed $400 million over five years. (Thu, 29 May 2008 13:59:04 GMT)

U.S. mortgage rates up slightly last week
WASHINGTON, May 29 (UPI) -- Interest rates for 30-year, fixed-rate mortgages increased in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday. (Thu, 29 May 2008 15:24:04 GMT)

Uncle Sam provides shelter in student loan storm
With more than 60 lenders leaving the federal student loan market, and private lenders tightening lending criteria or walking away from the business altogether, parents and students are facing what one expert called a "credit crunch and college financing storm." (Thu, 29 May 2008 15:37:57 GMT)

Mortgage rates rise, topping 6%
Rates on 30-year mortgages were pushed up this week above 6 percent amid growing concerns about inflation, mortgage backer Freddie Mac said Thursday. (Thu, 29 May 2008 15:59:06 GMT)

US Bank Regulator Calls For OTS Regulation Of Mortgage Market
A top U.S. banking regulator Thursday proposed that his agency oversee all aspects of the U.S. mortgage market in order to prevent future housing debacles. (Thu, 29 May 2008 16:27:30 GMT)

Nevada's Teachers' First Home Loan program awards first teacher loan
Teachers' First Home Loan, a program Governor Jim Gibbons announced during his 2007 State of the State address has funded its first loan. Teacher James Pavlik of Brinley Middle School in Clark County School District has received the first loan from this program. (Thu, 29 May 2008 16:42:57 GMT)

Behind on mortgage payments? By all means turn to prayer
DEAR DR. GRAHAM: We're like a lot of people today, falling further and further behind on our mortgage payments. We're going to lose our house if something doesn't happen. Would it be wrong to pray about this, since it isn't religious? (Thu, 29 May 2008 19:28:48 GMT)

Chandler company must pay $1.2M in mortgage fraud case
The company advertised it could help homeowners behind in mortgage payments, but transactions were structured so title to the homes were transferred to the company or its business associates. (Thu, 29 May 2008 20:00:58 GMT)

U.S. Senate candidate Rammell has past-due loan
U.S. Senate candidate and former elk rancher Rex Rammell says he intends to repay a $140,000 loan that an eastern Idaho judge ordered him to have repaid more than a year ago. (Thu, 29 May 2008 20:08:14 GMT)

Consumers More Satisfied With Home Equity Loan Process, Survey Shows
(RTTNews) - In the face of the worst housing slump since the Great Depression, a sliver of bright light was released Thursday. (Thu, 29 May 2008 20:22:53 GMT)

Refinancing Your Home: Should you do it?
Many people are looking at refinancing their homes to free up some extra cash, but saving money depends a lot on your current situation. (Thu, 29 May 2008 20:42:14 GMT)

U.S. home value declines across country
WASHINGTON, May 29 (UPI) -- The value of U.S. homes fell 10.4 percent in the first quarter, fueling the sharpest annual decline since 1971, the Federal Home Loan Mortgage Corp. said. (Thu, 29 May 2008 21:10:28 GMT)

NAB cuts mortgage commissions
NATIONAL Australia Bank will cut its mortgage broker commissions and introduce a gradually increasing trail fee in the expectation brokers develop longer-term clients. (Thu, 29 May 2008 21:20:00 GMT)

U.S. home value declines across country
The value of U.S. homes fell 10.4 percent in the first quarter, fueling the sharpest annual decline since 1971, the Federal Home Loan Mortgage Corp. said.The decline in the Conventional Mortgage Home Price Index averaged 4.4 percent in the past four quarters, the largest annual decline in 39 years, Freddie Mac said Thursday.The lenders CMHPI Classic Series, which includes home purchases and ... (Thu, 29 May 2008 21:34:24 GMT)

Sydney dominates mortgage stress top 10
New research suggests a growing divide between rich and poor as mortgage stress continues to climb. (Thu, 29 May 2008 22:20:00 GMT)

Mortgage assets cost Discover $11-19M
The credit-card company blames losses on its $120.1 million investment in Golden Key U.S., which invested in mortgage-backed securities. (Thu, 29 May 2008 22:28:36 GMT)

Realty Q&A: Don't raid retirement savings to pay the mortgage
The present value of my home is probably less than what I owe on it, but not greatly so. The only money I have available to continue to make the payments is my 401(k). Should I withdraw funds to stay in the house and sell it when the market turns around? (Thu, 29 May 2008 23:50:33 GMT)

Mortgage broker accused of fraud
Authorities say woman forced clients to falsify applications A Yorkville woman was arrested Thursday on charges of coercing her mortgage clients to falsify their loan applications, authorities said. (Thu, 29 May 2008 23:57:18 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, 30 May 2008 02:02:47 GMT)

Study Finds Disparities in Mortgage Fees
Minorities and people without college degrees pay more in mortgage fees than do white applicants and those with a higher education, according to a study. (Fri, 30 May 2008 03:19:38 GMT)

Negative press on mortgage brokers
I've been reading some negative press on mortgage brokers and was wondering what you think about them. (Fri, 30 May 2008 05:49:00 GMT)

Lobbyist for mortgage lenders sues for back pay
The mortgage industry he once represented. Jackson filed a lawsuit this month in Multnomah County Circuit Court seeking at least $20,000 in unpaid bills from the Oregon Coalition of Mortgage Originators and William J. Ridge, the group's president. (Fri, 30 May 2008 07:19:44 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? (Fri, 30 May 2008 08:25:45 GMT)

Mortgage lending growth at 16 year low
The growth rate in residential mortgage lending fell to its lowest level in 16 years in April, according to the latest monthly statistics from the Central Bank. (Fri, 30 May 2008 10:22:26 GMT)

Mortgage counseling offered
If you're having trouble paying your mortgage, United Family Services wants to help. The agency recently got an $800,000 federal grant to counsel people on the brink of foreclosure. The catch: The money has to be used by the end of December. “Everything we do we've got to do in the next seven months,” said Bruce Hamlett, director of the organization's housing services program. He says ... (Fri, 30 May 2008 10:27:56 GMT)

Defendants admit loan-scheme role
The lead defendants in a major mortgage fraud investigation admitted Wednesday they participated in a scheme that resulted in the funding of more than $15 million in home loans. The scheme involved the use of straw buyers and fraudulent loan applications, according to the U.S. attorney. (Fri, 30 May 2008 11:08:22 GMT)

Five indicted in Hawaii mortgage scam
Five people have been indicted on federal charges in a scheme in which they allegedly profited from home mortgage loans (Fri, 30 May 2008 11:18:06 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? (Fri, 30 May 2008 11:47:37 GMT)

Home Equity Loan For Miami Real Estate
Purchasing and maintaining a Miami real estate property could be too expensive when you shell out money for repair from your own bank account. In the past ten years, ownership of real estate properties became so expensive marking up beyond the people’s capacity. (Fri, 30 May 2008 12:05:00 GMT)

Unable to Pay Mortgage, Man Raffles Off Pricey Flat
An unemployed real estate agent in Madrid, Spain, couldn't afford his mortgage payments and couldn't sell his half-a-million-dollar apartment, so he's raffling it off. The proceeds from the 64,000 tickets at about $10 dollars each will pay off his mortgage. On his Web site, he writes, "For 5 euros, you can win a flat, and I'll be able to sleep again." (Fri, 30 May 2008 12:19:46 GMT)

Unable to Pay Mortgage, Man Raffles Off Pricey Flat
An unemployed real estate agent in Madrid, Spain, couldn't afford his mortgage payments and couldn't sell his half-a-million-dollar apartment, so he's raffling it off. The proceeds from the 64,000 tickets at about $10 dollars each will pay off his mortgage. On his Web site, he writes, "For 5 euros, you can win a flat, and I'll be able to sleep again." (Fri, 30 May 2008 12:24:21 GMT)

Mortgage drought ‘nearly over’
A leading Northern Ireland developer today claimed that the worst of the housing crisis could now be behind us with mortgage availability rising and increased confidence in the local market. (Fri, 30 May 2008 12:25:43 GMT)

Quarter of borrowers relying on windfall to pay off mortgage
Survey shows 23% of people will only be able to pay off their mortgage if they inherit money (Fri, 30 May 2008 14:12:58 GMT)

BofA and SunTrust top list for home-equity line customer satisfaction
Bank of America Corp. ranks highest in satisfying customers who recently obtained a home-equity product, according to J.D. Power and Associates 2008 Home Equity Line/Loan Origination Study. (BAC) (STI) (CFC) (Fri, 30 May 2008 16:17:30 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? (Fri, 30 May 2008 16:17:38 GMT)

Mortgage group says loan workouts hit record in April
A mortgage industry alliance, under pressure to show progress in its efforts to aid troubled borrowers, says lenders gave a record amount of assistance to homeowners last month. (Fri, 30 May 2008 17:15:16 GMT)

Real Estate Weekly: Borrowers giving high marks to home-equity-loan process
Consumers are more satisfied with their experiences when applying for a home-equity loan or line of credit these days, according to an annual survey by J.D. Power and Associates. But that may have more to do with homeowners’ lowered expectations during a shaky housing market than with actual changes in service. (Fri, 30 May 2008 17:49:53 GMT)

Financial Analysis Tool - Measure Pros and Cons Before You Buy Your Next Home
Use this innovative financial analysis tool by The Phyllis Frankel Realty Group to help give you some peace of mind when buying your next home or investment property. Measure pros and cons and compare several properties at once. Visualize annual equity growth and pre-tax and post-tax cash flows under different down payment, interest rate and loan scenarios. (PRWeb May 30, 2008) Read the full ... (Fri, 30 May 2008 18:44:13 GMT)

Three face drug, mortgage-fraud charges
Two men and a woman are facing federal charges of selling cocaine, crack and marijuana and using the proceeds to commit mortgage fraud. (Fri, 30 May 2008 19:30:35 GMT)

Study Finds Disparities in Mortgage Fees
Minorities and people without college degrees pay more in mortgage fees than do white applicants and those with a higher education, according to a study. (Fri, 30 May 2008 19:36:46 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, 30 May 2008 20:32:30 GMT)

Mortgage-rescue scams may sink homeowners facing foreclosure
Washington | For people about to lose their homes to foreclosure, the advertisements are like a lifeline: "WE BUY HOUSES FOR CA$H," or "Refinance Your Mortgage! And Receive a 7 Day Vacation." (Fri, 30 May 2008 21:53:56 GMT)

Federal Home Loan Bank of San Francisco Releases April 2008 Cost of Funds Index
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco announced May 30, 2008, that the 11th District Monthly Weighted Average Cost of Funds Index for April 2008 is 3.111%. The index for March 2008 was 3.280%. (Fri, 30 May 2008 22:16:00 GMT)

Federal Home Loan Bank of San Francisco Releases April 2008 Cost of Funds Index
The Federal Home Loan Bank of San Francisco announced May 30, 2008, that the 11th District Monthly (Fri, 30 May 2008 22:24:56 GMT)

Mortgage lending drops to 16-year low
APRIL saw the lowest annual growth rate in residential mortgage lending in 16 years, as evidenced by latest monthly statistics published by the Central Bank of Ireland yesterday. (Sat, 31 May 2008 00:02:07 GMT)

Banking gloom: mortgage payments rise again
Mortgage payments will rise to their highest in more than a decade as a gloomy economic outlook squeezes the financial system even more tightly. (Sat, 31 May 2008 01:07:14 GMT)

Homeowners pay more with mortgage brokers, study says
A report on closing costs says that mortgage broker fees are higher than for direct lender loans and African-American and Latino populations pay more in mortgage and title fees. (Sat, 31 May 2008 01:34:20 GMT)

Study Finds Disparities in Mortgage Fees
Minorities and people without college degrees pay more in mortgage fees than do white applicants and those with a higher education, according to a study. (Sat, 31 May 2008 01:37:47 GMT)

States act to stem foreclosure scams
For people about to lose their homes to foreclosure, the advertisements are like a lifeline: "WE BUY HOUSES FOR CA$H," or "Refinance Your Mortgage! And Receive a 7 Day Vacation." (Sat, 31 May 2008 03:43:50 GMT)

Mass. to judge mortgage companies on loan help
Massachusetts plans to begin judging whether to renew mortgage lenders' licenses based partly on how hard firms try to help people avoid foreclosure. "(We)... (Sat, 31 May 2008 04:14:49 GMT)

There are no Dumb Mortgage Questions
(ARA) - The old saying, "The only dumb question is the one you don't ask" couldn't be more true when it relates to your mortgage. The more you ask, the more you know. And the more you know, the better decisions you'll make when getting a mortgage. (Sat, 31 May 2008 04:17:16 GMT)

Break for home sellers: Banks settle for less
As values tumble and more foreclosures loom, homeowners get chance to sell out for less than the amount of their mortgages Homeowners in danger of foreclosure increasingly are looking to beat the bank to the process by selling their homes for less than the value of the mortgage, with their lender's permission. (Sat, 31 May 2008 04:45:43 GMT)

Mortgage veteran wants to pump up your weak credit
The current credit crisis has homeowners and would-be homeowners reeling, and many have nowhere to turn for help. (Sat, 31 May 2008 05:07:32 GMT)

Mortgage rules tightening: Act will impose tougher regulations to help protect consumers
People in the mortgage business in Tennessee will have more rules to follow come Jan. 1, thanks to changes in state law. (Sat, 31 May 2008 05:21:02 GMT)

Maine supreme court rejects mortgage foreclosure by Camden bank
CAMDEN — A mortgage foreclosure by the Union Trust Company, now part of Camden National Bank, has been thrown out by the Maine Supreme Court, which has ruled that the bank failed to prove it had ever notified the mortgage holder he was in default. (Sat, 31 May 2008 06:16:53 GMT)

Mortgage lenders say they're helping
ASSOCIATED PRESS A mortgage-industry alliance, under pressure to show progress in its efforts to aid troubled borrowers, says lenders gave a record amount of assistance to homeowners last month. (Sat, 31 May 2008 08:17:55 GMT)

Mortgage tax still helps Franklin County communities
MALONE -- The sluggish economy and less construction have lowered the semi-annual payments that Franklin County communities receive from mortgage-tax transactions. (Sat, 31 May 2008 09:02:20 GMT)

Rules are tighter, but many homeowners get still qualify to refinance
Like many homebuyers who bought a home using an adjustable-rate mortgage in recent years, James Legendre, found it was more challenging... (Sat, 31 May 2008 09:19:04 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Sat, 31 May 2008 09:37:52 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sat, 31 May 2008 10:24:32 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Sat, 31 May 2008 10:25:02 GMT)

Everyday ethics: Bank wants loan to turn into a gift
My parents graciously offered to lend my wife and me the down payment for a home. While we can easily afford the mortgage payments, the bank wants all of us to sign a statement saying the money from my parents is a gift, not a loan, although the bank representative literally winked as he handed me (Sat, 31 May 2008 14:39:03 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sat, 31 May 2008 16:04:21 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Sat, 31 May 2008 16:36:01 GMT)

Missed mortgage payments rise
The number of WA households falling behind in mortgage repayments has soared, increasing the risk of a rash of home repossessions as owners fail to keep pace with interest rate rises. (Sat, 31 May 2008 16:52:15 GMT)

Getting a good deal on home loan rates
With big banks hiking their popular shorter term fixed mortgage rates again last week, experts say now is the time for borrowers to negotiate over rates and payment methods. (Sat, 31 May 2008 17:45:52 GMT)

Banks' ties to legislators run deep in foreclosure crisis
A crisis awaited Georgia legislators last January. Mortgage foreclosure notices in metro Atlanta had increased by nearly a third in a year, and the state ranked third nationally in seriously delinquent home loans. (Sat, 31 May 2008 18:08:39 GMT)

Want the best home loan? Then you're on your own, kid
During the seemingly endless golden era of cheap mortgage rates and aggressive competition among lenders, going to a broker was seen as the most reliable route to hunting down the best deal in a crowded market. Between April 2006 and September 2007, according to statistics from the Association of Mortgage Intermediaries (AMI), 61 per cent of all mortgages were sold through brokers. (Sat, 31 May 2008 23:11:10 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Sat, 31 May 2008 23:47:06 GMT)

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