Mortgage News Sep 2008
Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006
1 2 3 4 5 6 7 8 Next
Federal regulators examine lenders' curbs in home equity lines of credit
A jump in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this type of loan. (Mon, 01 Sep 2008 01:19:07 GMT)
Treasury Auctions Set for This Week
The Treasury?s schedule of financing this week included the regular weekly auction on Thursday of new three- and six-month bills and an auction of four-week bills on Tuesday. (Mon, 01 Sep 2008 01:22:04 GMT)
Japan's Regional Banks Dodge Subprime, Face Bad-Loans (Update1)
Sept. 1 (Bloomberg) -- Japan's regional banks evaded most of the fallout from the U.S. mortgage market implosion only to face a homespun credit crisis. (Mon, 01 Sep 2008 03:47:05 GMT)
Banks in need of funding tap Fed Home Loan Banks
By Melody Finnemore Contributing writer Business is booming for Federal Home Loan Banks across the country, and the Pacific Northwest is no exception as a growing number of banks borrow from the Seattle FHLB. (Mon, 01 Sep 2008 04:44:32 GMT)
H&R Block Bank navigates away from mortgage market
The mortgage market continues to be a thorn in the paw of H&R Block Inc., leading management to call for a change in strategy at H&R Block Bank. (Mon, 01 Sep 2008 04:47:11 GMT)
Home affordability plunges in SA
SOUTH Australia has suffered the nation's largest drop in home loan affordability over the past year - prompting calls for the Government to slash stamp duty. (Mon, 01 Sep 2008 05:40:00 GMT)
European Economics Preview: German Retail Sales, Eurozone Manufacturing PMI, UK Mortgage Approvals Due
(RTTNews) - Monday, important reports due for the day include German retail sales and UK mortgage approvals. The results of the Purchasing Managers' Index survey for the manufacturing sector of major European economies are also due. (Mon, 01 Sep 2008 06:02:11 GMT)
Japan's Regional Banks Dodge Subprime, Face Bad-Loans (Update2)
Sept. 1 (Bloomberg) -- Japan's regional banks evaded most of the fallout from the U.S. mortgage market implosion only to face a homespun credit crisis. (Mon, 01 Sep 2008 07:17:40 GMT)
Lenders canceling home equity lines
An increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this type of loan. (Mon, 01 Sep 2008 07:26:58 GMT)
St George cuts fixed home loan rates
ST George Bank has cut its fixed interest home loan rates by up to 76 basis points, a day ahead of an expected rate cut by the central bank. (Mon, 01 Sep 2008 07:58:00 GMT)
St George cuts fixed home loan rates
ST George Bank has cut its fixed interest home loan rates by up to 76 basis points, a day ahead of an expected rate cut by the central bank. (Mon, 01 Sep 2008 07:58:00 GMT)
Money Market Disruption to ``Continue,'' BIS Says (Update1)
Sept. 1 (Bloomberg) -- The strains in the global money markets that pushed relative borrowing costs higher will probably persist ``for some time'' as financial institutions struggle to raise cash, according to the Bank for International Settlements. (Mon, 01 Sep 2008 08:55:44 GMT)
INSTANT VIEW: Mortgage approvals fall
Mortgage approvals fell for the 12th straight month to hit a series low in July, the (Mon, 01 Sep 2008 09:08:00 GMT)
July British Mortgage Approvals Set Another All-time Low
July British Mortgage Approvals Set Another All-time Low (Mon, 01 Sep 2008 09:17:06 GMT)
U.K. Mortgage Approvals Decline to Lowest Since 1999 (Update1)
Sept. 1 (Bloomberg) -- U.K. mortgage approvals fell for a 12th month to the lowest since at least 1999 in July as financial institutions curbed lending and the property slump deepened. (Mon, 01 Sep 2008 09:29:48 GMT)
Mortgage approvals fall to series low in July
Mortgage approvals fell for the 12th consecutive month to hit a series low in July, the Bank of England said on Monday, pointing to further sharp falls in house prices in the coming months. (Mon, 01 Sep 2008 09:36:00 GMT)
Mortgage Approvals At Record Low
The number of mortgage approvals sank to a new record low of 33,000 in July, the Bank of England has said. (Mon, 01 Sep 2008 10:25:00 GMT)
Nigeria: Challenges of Mortgage Financing in Country
A mortgage banker, Mr. Adeniyi Akinlusi, has painted a bleak picture of mortgage financing in Nigeria, going by the numerous challenges confronting the sector. (Mon, 01 Sep 2008 10:35:31 GMT)
U.K. Mortgage Approvals Drop, Manufacturing Contracts (Update1)
Sept. 1 (Bloomberg) -- U.K. mortgage approvals dropped to the lowest since at least 1999 and manufacturing contracted for a fourth month as the economy staggered toward a recession. (Mon, 01 Sep 2008 11:08:00 GMT)
Renters latest victims of mortgage crisis
Ruth Cordoba has never owned a home, but she is feeling the effects of the mortgage meltdown acutely. (Mon, 01 Sep 2008 11:13:30 GMT)
U.K. Mortgage Approvals Drop, Manufacturing Contracts (Update1)
Sept. 1 (Bloomberg) -- U.K. mortgage approvals dropped to the lowest since at least 1999 and manufacturing contracted for a fourth month as the economy staggered toward a recession. (Mon, 01 Sep 2008 11:14:44 GMT)
Mortgage approvals at fresh low
Mortgage approvals have tumbled to the lowest ever recorded by the Bank of England, with just 33,000 home loans approved in July. (Mon, 01 Sep 2008 11:35:00 GMT)
U.K. Interbank Lending Fell 68% in July From Year Ago (Update1)
Sept. 1 (Bloomberg) -- Lending between U.K. banks slumped 68 percent in July as financial institutions hoarded cash to shore up their balance sheets, signaling Bank of England efforts to revive money markets aren't working. (Mon, 01 Sep 2008 11:59:44 GMT)
UK Mortgage Approvals Decline July - BSA
(RTTNews) - Monday, a report released by the Building Societies Association, or BSA showed that the mortgage approvals in the UK declined in July from the previous year. (Mon, 01 Sep 2008 13:51:07 GMT)
New rules to stop mortgage fraud
New rules have come into force to help stop mortgage lenders becoming the victims of over-inflated property valuations. (Mon, 01 Sep 2008 14:41:34 GMT)
Utilise your mortgage
The home is a valuable asset that most home owners acquire over time. Trading it for cash with a mortgage can be a less expensive way to avail of a loan, but it should not be used lightly. (Mon, 01 Sep 2008 15:08:55 GMT)
81 Mortgage Corp. homes in foreclosure
Eighty-one homes of Bahamians who have mortgages with the Bahamas Mortgage Corporation have been placed in foreclosure, according to a corporation official. (Mon, 01 Sep 2008 16:07:27 GMT)
Gross mortgage lend falls 13pc in Q2
Gross mortgage lending fell by 13pc in the second quarter compared to the same period last year, the latest data from the Irish Banking Federation (IBF) showed today. (Mon, 01 Sep 2008 16:30:25 GMT)
Man Finds Dead Shark In Lake Michigan
A dead 2-foot juvenile blacktip shark is found in Lake Michigan. (Mon, 01 Sep 2008 17:20:39 GMT)
Regional banks clear subprime hurdle but face bad loans
Regional banks evaded most of the fallout from the U.S. mortgage market implosion only to face a homespun credit crisis. Sixteen regional lenders, including Kansai Urban Banking Corp. and Yachiyo Bank Ltd., cut profit forecasts in the last two months as bankruptcies among condominium builders and commercial property companies forced them to set aside money for delinquent debt. Bad-loan cost ... (Mon, 01 Sep 2008 21:09:25 GMT)
Mortgage holders anticipate rate cut
Mortgage holders will have their fingers crossed on Tuesday for the first interest rate cut in nearly seven years. The Reserve Bank of Australia (RBA) is widely expected to reduce the official cash rate to 7 per cent from 7.25 per cent on Tuesday afternoon after its monthly board meeting. (Mon, 01 Sep 2008 21:20:43 GMT)
Kansas Farm Wife To Speak At GOP Convention
A Kansas farm wife is scheduled to speak tomorrow night at the Republican National Convention in Minnesota. Carolyn Dunn of St. John will outline the rural woman's perspective in the 300-word, 3-minute speech at around 7:23 p.m. (Tue, 02 Sep 2008 03:38:28 GMT)
Halifax reduces mortgage rates
Halifax, a mortgage lender and a part of the HBOS Group, has made a number of reductions to its mortgage rates. It has reduced 31 of its rates by up to 0.40% across its fixed and tracker products. (Tue, 02 Sep 2008 03:51:09 GMT)
Ministers to unveil mortgage rescue plan
The Government is to unveil a mortgage rescue scheme to help people facing repossession stay in their homes. (Tue, 02 Sep 2008 03:54:02 GMT)
ASB Bank, ANZ, Suncorp-Metway, AMP: Australia, NZ Bond Alert
Sept. 2 (Bloomberg) -- ASB Bank, the New Zealand unit of Commonwealth Bank of Australia, and AMP Ltd., are leading Australian companies considering selling bonds. (Tue, 02 Sep 2008 04:03:41 GMT)
U.K. Interbank Lending Declined in July From Year Ago (Update2)
Sept. 1 (Bloomberg) -- Lending between U.K. banks slumped in July as financial institutions hoarded cash, signaling Bank of England efforts to revive money markets amid a surge in subprime-mortgage losses aren't working. (Tue, 02 Sep 2008 04:05:51 GMT)
Mortgage approvals plummet to lowest on record
Pressure on the government to shore up the sagging mortgage market rose yesterday after the Bank of England revealed lending for new home purchases in July was the lowest since records began in 1993. (Tue, 02 Sep 2008 04:16:04 GMT)
U.K. Interbank Lending Declined in July From Year Ago (Update2)
Sept. 1 (Bloomberg) -- Lending between U.K. banks slumped in July as financial institutions hoarded cash, signaling Bank of England efforts to revive money markets amid a surge in subprime-mortgage losses aren't working. (Tue, 02 Sep 2008 04:30:37 GMT)
Real estate notebook
WASHINGTON -- Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dropped to 6.40 percent this week, down from 6.47 percent last week. (Tue, 02 Sep 2008 04:31:36 GMT)
Subprime-Mortgage Loss Indexes Not `Good Predictors,' BIS Says
Sept. 1 (Bloomberg) -- Credit-default indexes that banks use to calculate writedowns from the subprime-mortgage market are probably poor indicators of future prices because they don't capture all debt instruments, the Bank for International Settlements said. (Tue, 02 Sep 2008 04:35:24 GMT)
Brian J. O'Connor: 'Smiling Bob' offers lessons on mortgage
As the mortgage-bred U.S. economic crisis nears its first anniversary, let me pause amid the soaring foreclosure rates, rising bankruptcies, higher unemployment rates and plummeting home values to ponder just exactly how we got here. (Tue, 02 Sep 2008 05:06:00 GMT)
(AFX UK Focus) 2008-09-02 05:57 Westpac to cut variable home loan rate by 0.25 pct
SYDNEY, Sept 2 (Reuters) - Westpac Banking Corp , Australia's fourth-biggest lender, said on Tuesday it would cut its standard variable home loan rate by 0.25 percent after the central bank cut official interest rates by similar margin. (Tue, 02 Sep 2008 05:10:32 GMT)
Mortgage Shop prepares to bridge divide
A little more than a year ago Siobhan McAleer decided to launch her Mortgage Shop brokerage brand in the Republic of Ireland. (Tue, 02 Sep 2008 05:14:55 GMT)
British Interbank Lending Drops
Lending between British banks slumped in July as financial institutions hoarded cash, signaling that Bank of England efforts to revive money markets amid a surge in subprime mortgage losses aren't working. (Tue, 02 Sep 2008 06:16:31 GMT)
Australian Banks to Pass on Full Interest-Rate Cut (Update1)
Sept. 2 (Bloomberg) -- Australia's four biggest banks said they will cut interest rates for variable home loans after the central bank today reduced its benchmark rate for the first time in seven years. (Tue, 02 Sep 2008 06:19:36 GMT)
Murrieta man charged in wife's slaying wasn't making mortgage payments when he reportedly bought $1 million in life ...
A Murrieta man charged with murder for financial gain was not making mortgage payments at the time authorities say he purchased $1 million in life insurance on his wife, who died a few weeks later, county records show. (Tue, 02 Sep 2008 06:35:51 GMT)
Brother, can you spare a loan?
Steve Lubs was looking to get rid of his $8,000 in credit card debt, but his high interest rate had him bogged down. He tried getting a loan through a bank to pay off the balance but couldn't find one with an interest rate lower than 12 percent. (Tue, 02 Sep 2008 07:02:48 GMT)
Government to unveil mortgage rescue plan
The Government will unveil a mortgage rescue scheme today to help people facing repossession stay in their homes. (Tue, 02 Sep 2008 07:15:57 GMT)
Australian Banks to Pass on Full Interest-Rate Cut (Update2)
Sept. 2 (Bloomberg) -- Australia's four biggest banks will cut interest rates for variable home loans after the central bank reduced borrowing costs , giving homeowners relief in a nation where housing affordability is at a 22-year low. (Tue, 02 Sep 2008 07:19:42 GMT)
Home loan fix may aid some
On paper, Ann Todd is one strapped homeowner who took on the challenge of the credit crunch and won. But it's unclear whether hers is a short-term victory or a long-term solution. (Tue, 02 Sep 2008 08:07:35 GMT)
Fannie, Freddie fallout felt
Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify for a new loan. (Tue, 02 Sep 2008 08:52:25 GMT)
Mortgage lenders says no big boost from govt plan
A package of measures aimed at supporting the slumping housing market, unveiled by the government today, is unlikely to boost the number of property purchases, the Council of Mortgage Lenders said. (Tue, 02 Sep 2008 09:13:00 GMT)
Mortgage woes help bankruptcy filings rise 12% in Iowa
Mortgage payment troubles have led to a double-digit percent increase in bankruptcy filings in Iowa, even though the state has escaped the magnitude of foreclosure problems across the country. (Tue, 02 Sep 2008 09:16:39 GMT)
Refinance may not solve money problems
A cash-out refinance is not the answer to a reader's financial problems, says Dr. Don Taylor. (Tue, 02 Sep 2008 10:00:00 GMT)
Flaherty won't budge on mortgage bonds
Finance Minister Jim Flaherty is resisting further pressure to expand a lending program that was set up to grease the wheels of the Canadian mortgage market. (Tue, 02 Sep 2008 10:07:08 GMT)
Mass. Farmers Expect Strong Apple Harvest
Massachusetts apple growers say they expect a strong harvest this fall thanks to the hot and wet weather in August. (Tue, 02 Sep 2008 10:15:02 GMT)
ITWorx develops award-winning web portal for Egyptian Mortgage Finance Authority
The Egyptian Mortgage Finance Authority (EMFA) won the 'Excellence in Government Performance' award for its new online portal, a centralised information repository that connects mortgage finance communities across the country and provides the public with finance information, news, and contacts. (Tue, 02 Sep 2008 11:24:20 GMT)
Dubai home buyers fear residency may be a mirage
Source: Reuters By Inal Ersan DUBAI, Sept 2 (Reuters) - Iraqi Abu Zainab took a big loan to join a crowd of homebuyers seeking a piece of the "Dubai dream", after violence at home forced him to ... (Tue, 02 Sep 2008 12:20:39 GMT)
iEmergent Announces its Preliminary 2009-2013 Mortgage Volume Forecasts
DES MOINES, Iowa----iEmergent, a Des Moines, Iowa-based market research, forecasting and advisory services firm for the financial services, mortgage and real estate industries, issued its Preliminary Mortgage Volume Forecasts for 2009-2013 in order to provide lenders advance details on the size, density and speed of growth of the ever-changing mortgage lending opportunities and to help them ... (Tue, 02 Sep 2008 13:00:00 GMT)
South Africa: Wits Send Brazilian Striker Home
Bidvest Wits have sent one of the three Brazilians players on loan from Sao Paulo, striker Andrey Almeida Ricardo back home before he has even kicked a ball in an official match. (Tue, 02 Sep 2008 14:00:30 GMT)
Merrill Lynch hires mortgage executives
Merrill Lynch & Co , battered by more than $40 billion of write-downs tied largely to mortgages, said on Tuesday it hired Michael Nierenberg from JPMorgan Chase & Co to head its mortgage and securitization businesses. (Tue, 02 Sep 2008 14:15:01 GMT)
Viral Video: Mona Lisa In 80 Nanoseconds
Understand the signs of mental illness and you can learn the best ways to treat whatever problems you may have. More With mortgage rates still near historic lows, now may be a good time to refinance. Fixed rates as low as 6.0%. *See terms. (Tue, 02 Sep 2008 14:22:12 GMT)
Merrill hires 2 for mortgage operations
Merrill Lynch & Co. Inc. announced Tuesday that it has hired Michael Nierenberg to head its global mortgages and securitized products businesses, and James De Mare to run mortgage trading operations. (Tue, 02 Sep 2008 14:25:19 GMT)
Dollar Rises to Highest in Almost Seven Months on Oil, Fed Cuts
Sept. 2 (Bloomberg) -- The dollar rose to the highest level against the euro in almost seven months as oil fell and Federal Reserve rate cuts raised speculation that the U.S. economy will outperform Europe and Asia. (Tue, 02 Sep 2008 15:26:21 GMT)
Mortgage rates at pre-crunch levels
The cost of a two-year fixed-rate mortgage has returned to its pre-credit crunch level following the most prolonged period of cuts since the crisis began, figures have showed. (Tue, 02 Sep 2008 16:42:25 GMT)
France to offer zero-pct loans for home energy efficiency: ministry sources
France will offer interest-free loans from next January 1 to encourage energy efficiency in the home, government sources said on Tuesday. (Tue, 02 Sep 2008 17:28:04 GMT)
R-M-X Looks to Provide Innovation and Liquidity for the Beleaguered Residential Mortgage Loan Market
NEW YORK, Sept. 2, 2008 -- While most participants in the residential mortgage loan market are suffering huge losses and many are exiting the business, R-M-X Group is looking to take advantage of this turmoil to fuel demand for its business. (Tue, 02 Sep 2008 18:12:52 GMT)
Legislature Reaches Agreement on Mortgage Regulation Bill
Statement by the California Mortgage Bankers Association: Assembly Bill 1830 by State Assemblyman (Tue, 02 Sep 2008 19:21:51 GMT)
Ways to Wealth: Get early start to head off trouble of overdue mortgage
Jean: A friend of mine is getting behind on her mortgage. I know she is in desperate shape. I have read that mortgage companies want to help troubled home owners. Can you give me some specific information I can give to my friend? She is so upset; I may have to make the calls to the mortgage company for her. (Tue, 02 Sep 2008 19:57:38 GMT)
Legislature Reaches Agreement on Mortgage Regulation Bill
Statement by the California Mortgage Bankers Association: (Tue, 02 Sep 2008 20:02:27 GMT)
Dollar Rises to Highest in Almost 7 Months on Oil, Fed Policy
Sept. 2 (Bloomberg) -- The dollar rose to the highest level against the euro in almost seven months as crude oil fell and traders speculated that the Federal Reserve's monetary policy will help the U.S. economy outperform Europe and Asia. (Tue, 02 Sep 2008 20:10:49 GMT)
Dubai Home Buyers Fear Residency May be a Mirage
DUBAI - Iraqi Abu Zainab took a big loan to join a crowd of homebuyers seeking a piece of the “Dubai dream”, after violence at home forced him to look for a safe haven where he and his wife could spend their grey years in peace. (Tue, 02 Sep 2008 20:33:26 GMT)
Marco Community Bank sues mortgage lenders
As with many financial institutions, Marco Community Bank suffered significant losses due to unpaid loans and foreclosures over the past two years. But Marco Community Bank is among one of the smallest to date to file a lawsuit against the mortgage lenders who may be responsible for the situation. (Tue, 02 Sep 2008 20:57:55 GMT)
Don't Fear The 401(k) Loan
It's probably your best option in a pinch, but you could be in trouble if you don't pay back this loan to yourself. (Tue, 02 Sep 2008 22:12:04 GMT)
Thornburg Mortgage Announces Further Extension of Exchange Offer and Consent Solicitation
Thornburg Mortgage, Inc. (NYSE: TMA), announced today that it is extending the expiration of its exchange (Tue, 02 Sep 2008 22:35:01 GMT)
Fannie, Freddie may avoid US bailout
Fears a government takeover would wipe out shareholders at US mortgage finance companies Fannie Mae and Freddie Mac battered the price of their stock last month, but a rescue may yet be avoided. (Tue, 02 Sep 2008 22:47:25 GMT)
The Mortgage Clinic: 'Should we extend our house or just move?'
'We have a two-bedroom home but need more space; and there's potential for a loft conversion. Whether by mortgage or personal loan, the work will be costly and we're concerned over disruption as we've a small child. In light of the credit crunch, would it be wiser to extend rather than move?' RM, by e-mail (Tue, 02 Sep 2008 23:25:13 GMT)
Euro Trades Near 7-Month Low Before Report on European Retail
Sept. 3 (Bloomberg) -- The euro traded near a seven-month low against the dollar before a report forecast to show European retail sales declined in July from a year earlier. (Wed, 03 Sep 2008 00:32:05 GMT)
Commonwealth Bank cuts home loan interest rates
The Commonwealth Bank has announced that it is cutting its variable rate home loan interest rates by 0.25% pa. (Wed, 03 Sep 2008 00:38:50 GMT)
Fitch forecasts new wave of home loan defaults
A new wave of adjustable-rate home loans taken out in the final years of the housing boom will reset to higher monthly payments sooner than expected, causing another spike in mortgage defaults beginning next year, Fitch Ratings said Tuesday. (Wed, 03 Sep 2008 01:18:47 GMT)
Euro Trades Near 7-Month Low Before Report on European Retail
Sept. 3 (Bloomberg) -- The euro traded near a seven-month low against the dollar before a report that may show European retail sales declined in July from a year earlier. (Wed, 03 Sep 2008 01:32:25 GMT)
Fitch Ratings forecasts new wave of home loan defaults in United States
NEW YORK - A new wave of adjustable-rate home loans taken out in the final years of the housing boom in the United States will reset to higher monthly payments sooner than expected, causing another spike in mortgage defaults beginning next year, Fitch Ratings said Tuesday. (Wed, 03 Sep 2008 01:58:00 GMT)
Commonwealth Bank cuts home loan interest rates by 0.25%
The Commonwealth Bank announced that it was cutting its variable rate home loan interest rates by 0.25% pa. The new rates will be effective from Monday 8 September 2008 for new and existing customers. (Wed, 03 Sep 2008 02:10:54 GMT)
Fitch Ratings forecasts new wave of home loan defaults in United States
NEW YORK - A new wave of adjustable-rate home loans taken out in the final years of the housing boom in the United States will reset to higher monthly payments sooner than expected, causing another spike in mortgage defaults beginning next year, Fitch Ratings said Tuesday. (Wed, 03 Sep 2008 02:19:29 GMT)
Chuck Jaffe: Best to send this home-equity-sharing scheme packing
The sales pitch is simple: Tap into your home equity without taking on more debt, without paying any interest and without having to worry about additional monthly payments, ever. (Wed, 03 Sep 2008 02:24:52 GMT)
Students face mortgage-like debts of up to £40,000 if Government lifts limit on tuition fees
Students face graduating with mortgage-style debts of almost £40,000 under Government plans to lift the limit on tuition fees. (Wed, 03 Sep 2008 02:31:00 GMT)
Mortgage index shows fall in house sales
Property buyers sat on the sidelines last month, as they waited to see if the central bank would cut interest rates, a survey shows. The Australian Finance Group (AFG) mortgage index shows the number of mortgages sold fell by 17 per cent per cent to 5,770 in August, after robust growth in July. (Wed, 03 Sep 2008 02:50:15 GMT)
Arlington in bind on Dallas Cowboys stadium bonds
ARLINGTON The City Council expects to pay even more and give up some flexibility when it refinances a portion of the Dallas Cowboys stadium bonds. The interest rate on its refinanced bonds could be nearly 6 percent, about 1 percentage point higher than projected six weeks ago. (Wed, 03 Sep 2008 03:15:07 GMT)
Euro Trades Near 7-Month Low Before Report on European Spending
Sept. 3 (Bloomberg) -- The euro traded near a seven-month low against the dollar before a report that may show European retail sales declined for a second month in July. (Wed, 03 Sep 2008 03:47:15 GMT)
Best To Send This Home-equity-sharing Scheme Packing
Best To Send This Home-equity-sharing Scheme Packing (Wed, 03 Sep 2008 04:02:06 GMT)
Euro Falls Against Dollar Before Report on European Spending
Sept. 3 (Bloomberg) -- The euro fell to the lowest in more than seven months against the dollar before a report that may show European retail sales declined for a second month in July. (Wed, 03 Sep 2008 06:29:34 GMT)
Home buyers fear hope of residency a mirage
DUBAI: Iraqi Abu Zainab took a big loan to join a crowd of home buyers seeking a piece of the “Dubai dream”, after violence at home forced him to look for a safe haven where he and his wife could spend their grey years in peace. (Wed, 03 Sep 2008 06:34:48 GMT)
Mortgage Borrowers are Wasting ??480 Million a Year on Overpriced Mortgage Insurance, Says Burgesses.com
Mortgage borrowers are wasting £480 million a year on overpriced Mortgage Payment Protection Insurance (MPPI) according to Burgesses.com who say that a staggering 90% of mortgage borrowers purchase cover from their lenders instead of shopping around for a better deal. In fact, even in the first year alone the average mortgage borrower can make substantial savings by switching to an independent ... (Wed, 03 Sep 2008 07:01:00 GMT)
Don't Pay the Price of Apathy - Shop Around and Save Up to ??10,980 on Mortgage Payment Protection Insurance says ...
To encourage mortgage borrowers to shop around for the best deal on mortgage payment protection insurance (MPPI) instead of accepting the policy offered by their mortgage lenders; British Insurance has launched a new ultra low cost Mortgage Payment Protection Insurance product. (Wed, 03 Sep 2008 07:01:00 GMT)
Drop in housing values affects home equity loans
An increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this type of loan. (Wed, 03 Sep 2008 07:21:12 GMT)
Euro Falls Against Dollar Before Reports on European Spending
Sept. 3 (Bloomberg) -- The euro fell to the lowest in more than seven months against the dollar before reports that will probably show European consumers are spending less as the economy contracts. (Wed, 03 Sep 2008 07:47:05 GMT)
What To Do If Your Mortgage Application Is Rejected
Go to any mortgage lending website and you'll see images of smiling families and beautiful homes accompanied by text that makes it sound like lenders are standing by just waiting to help you find the loan that works for you no matter what your situation. (Wed, 03 Sep 2008 08:05:36 GMT)
Australian PM says rate cut to provide modest relief for mortgage holders
Australian Prime Minister Kevin Rudd said on Tuesday the first official interest rate cut in nearly seven years will provide modest relief for mortgage holders. The Reserve Bank cut its key rate by a quarter of a percentage point to 7.0 percent following Tuesday's monthly board meeting. The move had been widely anticipated and the major retail banks have already indicated they will pass on the ... (Wed, 03 Sep 2008 08:17:21 GMT)
Mortgage applications rose 7.5% last week: MBA
Mortgage application volume increased a seasonally adjusted 7.5% last week, driven mainly by an uptick in applications to purchase a home, the Mortgage Bankers Association reported Wednesday. (Wed, 03 Sep 2008 11:25:03 GMT)
Paying off mortgage can really add up
My wife and I reached a financial milestone on Tuesday. We paid off our mortgage. It was less cumbersome than securing the darn thing 15 years ago, but one part of the process was familiar — writing the Big Check. Now I just need some mortgage papers to burn. Owning one's home free and clear is not all that unusual. According to Census figures, about one-third of the 75 million Americans who ... (Wed, 03 Sep 2008 12:07:29 GMT)
Mortgage Applications Up 7.5 Percent Last Week
(RTTNews) - Mortgage applications rebounded slightly last week after mortgage volume hit an eight-year low in the week prior, the Mortgage Bankers Association said Wednesday. (Wed, 03 Sep 2008 13:17:42 GMT)
Make sure it's best time to refinance
There are many benefits to refinancing your home, the biggest one being a cut in your monthly payments. (Wed, 03 Sep 2008 15:29:15 GMT)
Pick-a-payment loans turn poisonous
They're known as "pick-a-payment" mortgages or option ARMs, but their detractors call them pure poison. Now their default rates, which are already high, are about to explode, according to a Fitch Ratings report issued Tuesday. (Wed, 03 Sep 2008 16:08:17 GMT)
GMAC to cut 5,000 jobs at ResCap mortgage unit
GMAC LLC said on Wednesday it plans to cut 5,000 jobs at its Residential Capital LLC mortgage unit, or 60 percent of that work force, and shut its 200 GMAC Mortgage retail offices to combat persistently weak housing and credit markets. (Wed, 03 Sep 2008 17:08:07 GMT)
GMAC's Home Loan Unit to Fire 5,000, Shut 200 Offices (Update1)
Sept. 3 (Bloomberg) -- GMAC LLC and its Residential Capital LLC home lending unit plan to fire 5,000 employees, or 60 percent of the staff, and close all 200 GMAC Mortgage retail offices because of weak real estate markets. (Wed, 03 Sep 2008 17:10:55 GMT)
GMAC slashing work force, reduces mortgage lending
Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing operations because of the housing market downturn. The majority of the... (Wed, 03 Sep 2008 17:12:26 GMT)
GMAC Slashing Work Force, Reduces Mortgage Lending
Lender GMAC Financial Services says it will close 200 retail offices and lay off about 5,000 employees as part of plan to scale back its mortgage lending and servicing operations due to the downturn in the housing market. (Wed, 03 Sep 2008 17:17:20 GMT)
U.S. mortgage applications rose last week
WASHINGTON, Sept. 3 (UPI) -- The volume of applications for U.S. mortgages increased last week, rising by a seasonally adjusted 7.5 percent, an industry group said. (Wed, 03 Sep 2008 17:20:40 GMT)
U.S. mortgage applications rose last week
The volume of applications for U.S. mortgages increased last week, rising by a seasonally adjusted 7.5 percent, an industry group said.The Market Composite Index, which measures mortgage loan application volume, rose from 421.6 to 453.1 in the week ending Aug. 29, the Mortgage Bankers Association said in a release Wednesday.The Refinance Index also increased, up 2.1 percent to 1,059.7, the MBA ... (Wed, 03 Sep 2008 17:40:17 GMT)
GMAC to cut 5,000 jobs at ResCap mortgage unit
GMAC said Wednesday it plans to cut 5,000 jobs at its Residential Capital mortgage unit, or 60% of the workforce, and shut its 200 GMAC Mortgage retail offices as it combats weak credit and housing markets. (Wed, 03 Sep 2008 17:43:23 GMT)
GMAC slashing work force, reduces mortgage lending
Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing operations because of the housing market downturn. (Wed, 03 Sep 2008 17:50:07 GMT)
U.S. mortgage applications rose last week
The volume of applications for U.S. mortgages increased last week, rising by a seasonally adjusted 7.5 percent, an industry group said.The Market Composite Index, which measures mortgage loan application volume, rose from 421.6 to 453.1 in the week ending Aug. 29, the Mortgage Bankers Association said in a release Wednesday.The Refinance Index also increased, up 2.1 percent to 1,059.7, the MBA ... (Wed, 03 Sep 2008 18:10:18 GMT)
ResCap will cut 5,000 jobs
Battered mortgage lender Residential Capital, a unit of GMAC Financial Services, will cut its work force by 60 percent, the companies said Wednesday. (Wed, 03 Sep 2008 18:12:00 GMT)
GMAC slashing work force, reduces mortgage lending
LOS ANGELES — Lender GMAC Financial Services said today it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing operations because of the housing market downturn. (Wed, 03 Sep 2008 18:34:46 GMT)
GMAC subsidiary laying off 168 in area
GMAC Financial Services subsidiary Residential Capital said it will lay off 168 employees in the Philadelphia region and 5,000 total due to the persisting downturn in the credit and mortgage markets. ResCap said the cuts will streamline its operation, reduce cost, adjust its lending footprint and refocus its resources on strategic lending and servicing. (GMA) (Wed, 03 Sep 2008 19:04:17 GMT)
GMAC Mortgage Unit to Dismiss 5,000, Shut 200 Offices (Update2)
Sept. 3 (Bloomberg) -- GMAC LLC and its Residential Capital LLC home loan unit plan to dismiss 5,000 employees, or 60 percent of the unit's staff, and close all 200 GMAC Mortgage retail offices because of weak real estate markets. (Wed, 03 Sep 2008 19:10:44 GMT)
GMAC Plans to Cut 5,000 Jobs at Mortgage Unit
The job cuts at GMAC?s Residential Capital mortgage unit will affect about 57 percent of ResCap?s work force. GMAC also said it will close all 200 GMAC Mortgage retail offices. (Wed, 03 Sep 2008 19:20:24 GMT)
GMAC slashing work force, reduces mortgage lending
Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn. (Wed, 03 Sep 2008 20:05:48 GMT)
GMAC plans to cut 5,000 jobs at mortgage unit
The job cuts at GMAC's Residential Capital mortgage unit will affect about 57 percent of ResCap's work force in the United States. GMAC also said it will close all 200 GMAC Mortgage retail offices. (Wed, 03 Sep 2008 20:20:18 GMT)
H&R Block Loss Narrows to $132.7 Million on Mortgage-Unit Sale
Sept. 3 (Bloomberg) -- H&R Block Inc. , the biggest U.S. tax preparer, said its fiscal first-quarter loss narrowed after selling a mortgage-servicing unit. (Wed, 03 Sep 2008 20:40:44 GMT)
GMAC to axe 5,000 jobs at ResCap
GMAC said on Wednesday it would cut thousands of jobs at its embattled mortgage lending arm, Residential Capital, and shut all 200 of its GMAC Mortgage retail offices in response to continued weakness in the US housing and credit markets. (Wed, 03 Sep 2008 21:25:57 GMT)
GMAC to cut 5,000 mortgage related jobs
The lender says it plans to shrink its mortgage lending business because of the weak housing market. (Wed, 03 Sep 2008 22:23:07 GMT)
GMAC slashing work force, reduces mortgage lending
Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn. (Wed, 03 Sep 2008 22:33:38 GMT)
GMAC to cut 5,000 jobs at ResCap mortgage unit
GMAC LLC, the auto finance and mortgage company, plans to eliminate about 5,000 jobs at its Residential Capital LLC unit and close all 200 GMAC Mortgage retail offices to combat weak housing and credit markets. (Wed, 03 Sep 2008 22:40:11 GMT)
GMAC to cut 5,000 jobs at ResCap mortgage unit
NEW YORK (Reuters) - GMAC LLC, the auto finance and mortgage company, plans to eliminate about 5,000 jobs at its Residential Capital LLC unit and close all 200 GMAC Mortgage retail offices to combat weak housing and credit markets. (Wed, 03 Sep 2008 23:10:26 GMT)
Rights groups faults Wachovia's mortgage aid
As Wachovia Corp. struggles under a souring portfolio of loans inherited from an Oakland company, the nation's fourth-largest bank is proving among the least willing to modify mortgages in ways that would help local borrowers hold on to their properties,... (Thu, 04 Sep 2008 02:24:44 GMT)
GMAC slashing work force, reduces mortgage lending
Lender GMAC Financial Services said Wednesday that it will close all of its 200 retail offices and lay off about 5,000 employees to reduce its mortgage lending and servicing because of the housing market downturn. (Thu, 04 Sep 2008 04:08:55 GMT)
GMAC plans major job cuts
MAC Financial Services said it is cutting 5,000 jobs at its troubled Residential Capital mortgage lending subsidiary and will close all 200 GMAC Mortgage retail offices -- including 14 in Michigan -- the latest sign of continuing woes in the housing sector. (Thu, 04 Sep 2008 05:07:32 GMT)
GMAC to close all 200 mortgage retail offices
Lender GMAC Financial Services, partly owned by General Motors Corp., said Wednesday it will close all of its 200 retail offices nationwide and lay off about 5,000 employees to reduce its mortgage lending and servicing because of the housing market downturn. (Thu, 04 Sep 2008 07:13:17 GMT)
GMAC's mortgage arm cutting jobs
The nation's mortgage and credit problems claimed another big victim Wednesday, as GMAC Financial announced that its home mortgage arm would lay off up to 5,000 workers and close 200 consumer offices nationwide. (Thu, 04 Sep 2008 07:31:18 GMT)
Rights groups faults Wachovia's mortgage aid
As Wachovia Corp. struggles under a souring portfolio of loans inherited from an Oakland company, the nation's fourth-largest bank is proving among the least willing to modify mortgages in ways that would help local borrowers hold on to their properties,... (Thu, 04 Sep 2008 07:41:38 GMT)
House prices fall further in August
House prices fell by 1.8 percent in August from July, major home loan provider Halifax said on Thursday, as the nation nears a recession. (Thu, 04 Sep 2008 08:50:31 GMT)
Mortgage rates fall for third week in a row
Fixed mortgage rates fell for a third week in a row as oil prices dropped. (Thu, 04 Sep 2008 10:00:00 GMT)
Mortgage rates fall for 3rd week in a row
Fixed mortgage rates fell for a third week in a row as oil prices dropped. (Thu, 04 Sep 2008 10:51:56 GMT)
Bankrate: Mortgage Rates Slide for Third Straight Week
Economic worries pushed mortgage rates down again, with the average conforming 30-year fixed mortgage rate falling to 6.55 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.41 discount and origination points. (Thu, 04 Sep 2008 11:30:00 GMT)
Subprime Today: Mortgage rates post third consecutive decline
Fixed mortgage rates slipped for the third week in a row, according to Bankrate Inc.'s survey released Thursday. The average conforming 30-year fixed mortgage rate fell to 6.55% from 6.60% a week ago, while the average 15-year fixed mortgage rate declined to 6.09% from 6.14% a week earlier. (Thu, 04 Sep 2008 12:25:22 GMT)
Score Optimization System Delivers Melanie Hadley & Cornerstone Mortgage More FHA Loans
DALLAS----i3 Solutions today announced that Melanie Hadley was able to close what was once an impossible FHA mortgage loan by utilizing i3 Solutions' latest technology, S.O.S. - Score Optimization System, which has revolutionized the credit repair industry allowing mortgage professionals across the country to close more loans that were once unobtainable. (Thu, 04 Sep 2008 12:37:00 GMT)
Navy Federal Slashes Mortgage Rates
5.625% 30-Year Fixed Mortgage up to $730K (Thu, 04 Sep 2008 12:47:00 GMT)
Fitch Rates Northern States Power - Wisconsin's First Mortgage Bonds 'A+'
CHICAGO----Fitch Ratings has assigned an 'A+' rating to Northern States Power Company - Wisconsin's $200 million new issue of 6.375% first mortgage bonds due September 2038. The proceeds will be used to fund the payment at maturity of $80 million of 7.64% senior notes due Oct. 1, 2008. (Thu, 04 Sep 2008 13:40:00 GMT)
Fitch Rates Northern States Power - Wisconsin's First Mortgage Bonds 'A+'
Fitch Ratings has assigned an 'A+' rating to Northern States Power Company - Wisconsin's (NSPW) $200 million new issue of 6.375% first mortgage bonds due September 2038. The proceeds will be used to fund the payment at maturity of $80 million of 7.64% senior notes due Oct. 1, 2008. The balance of the net proceeds will be used for general corporate purposes that may include the refinancing of ... (Thu, 04 Sep 2008 14:00:23 GMT)
Mortgages: U.S. mortgage rates fall: Freddie Mac
Mortgage rates moved lower this week after indications that consumer spending could slow, Freddie Mac’s chief economist said on Thursday. (Thu, 04 Sep 2008 14:55:12 GMT)
House prices fall at fastest rate for 25 years: survey
House prices fell by 10.9 percent in August compared with the same month a year earlier, the biggest drop in 25 years, home loan provider Halifax said Thursday in its monthly report. (Thu, 04 Sep 2008 14:58:17 GMT)
Mortgage rates drop slightly in week
WASHINGTON, Sept. 4 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages dropped modestly from the previous week, the Federal Home Loan Mortgage Corp. said Thursday. (Thu, 04 Sep 2008 15:05:23 GMT)
Fixing Your Credit Score For A Sarasota Home Mortgage Loan
It is best to use the funds you get from mortgage loans to purchase a home in Sarasota real estate to avoid any financial hurdles after the transaction. (Thu, 04 Sep 2008 15:07:52 GMT)
Mortgage rates ease: Third week in a row
Mortgage rates declined, easing for the third straight week, according to a report from mortgage finance giant Freddie Mac. (Thu, 04 Sep 2008 17:53:17 GMT)
Fox-Pitt analyst prefers Lehman holders retain mortgage stake
NEW YORK (MarketWatch) -- As Lehman Brothers Holdings Inc. (LEH) weighs options for its troubled $30 billion portfolio of commercial mortgage securities, some analysts believe the securities should be removed from the balance sheet - but not from shareholders' ownership. (Thu, 04 Sep 2008 19:12:28 GMT)
30-Year Mortgage Rates Dip to 6.35%
Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July (Thu, 04 Sep 2008 19:42:32 GMT)
Top 10 Riskiest Areas for Mortgage Loans
Falling home values are the leading force behind the increase in mortgage delinquency risk. (Thu, 04 Sep 2008 22:12:20 GMT)
Realty Q&A: How to get a no-hassle FHA purchase-rehab mortgage
I'm trying to obtain a loan for a home purchase -- I am not a flipper -- and I have been unable to find anyone who knows about the FHA Streamline K loan. How can I go about finding a lender familiar with this type of mortgage? (Thu, 04 Sep 2008 23:25:02 GMT)
Home owners have been cut some slack
Mortgage holders in Mudgee are expecting to save about $50 per month on the cost of an average home loan after this week’s interest rate cut. (Thu, 04 Sep 2008 23:36:16 GMT)
1 2 3 4 5 6 7 8 Next
Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006
medical insurance |
e real estate pro |
auto donation |
senior care site |
online pet info |
local plastic surgery |
here |
online lawyer |
online gift resources |
night clubs |
click here |
click here |
useful mortgage resources |
real estate online |
home security guide |
local plastic surgery |
online bankruptcy attorneys |
Business Tax |
buy insurance |
rehabilitation site |
mortgage site |
travel resources |
law info |
drug addiction recovery
