Mortgage News Sep 2008

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Mortgage rescue may ease rates but will cost taxpayers
Mortgage rates may fall a bit initially. Some delinquent borrowers may have a better shot at modifying their loans. And the rules on new mortgages could slightly change. Oh, and the federal government will help pay for it all, using your tax money (Mon, 08 Sep 2008 05:43:29 GMT)

How will mortgage bailout affect us?
So what does the federal takeover of two mortgage finance giants mean to consumers? (Mon, 08 Sep 2008 07:07:53 GMT)

Mortgage bailout should drop rates
NEW YORK — The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. (Mon, 08 Sep 2008 07:15:29 GMT)

Asian stocks soar on US mortgage bailout
Asian stock markets surged on Monday as a US federal takeover of ailing mortgage giants Fannie Mae and Freddie Mac eased fears of a spiralling global financial crisis, dealers said. (Mon, 08 Sep 2008 07:50:43 GMT)

Fannie, Freddie deal helps some borrowers, not all
The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. But for homeowners already behind on their mortgage payments, or who owe more than their homes are now worth, the plan unveiled Sunday by Treasury Secretary Henry Paulson offers little in the ... (Mon, 08 Sep 2008 08:06:53 GMT)

China and Japan hail U.S. mortgage bailout as doubts linger
China and Japan, the biggest buyers of Freddie Mac and Fannie Mae bonds, praised Washington for its rescue of the ailing mortgage giants, but investors harbored no illusions the bailout would end the global credit market misery. (Mon, 08 Sep 2008 08:15:54 GMT)

Mortgage firm takeovers called critical step
Yesterday's seizure of two major mortgage finance companies, Fannie Mae and Freddie Mac, by the federal government was needed to stabilize financial markets and reduce the negative trickle-down effects being felt right now by New Hampshire families and businesses, according to Sen. John E. Sununu. (Mon, 08 Sep 2008 09:25:44 GMT)

Relief For Lending Crisis?
Fannie, Freddie Bailout Good News For Home Buyers, Not Troubled Borrowers The government's historic bailout of troubled mortgage giants Fannie Mae and Freddie Mac on Sunday will be good news to home buyers and some homeowners hoping to refinance if it leads to lower rates and fees, as experts expect. (Mon, 08 Sep 2008 09:27:14 GMT)

Tap equity without new 30-year mortgage
Several options exist for tapping home equity without refinancing, says Dr. Don Taylor. (Mon, 08 Sep 2008 10:00:00 GMT)

Comparing loan products for big-ticket items
Bankrate explores the pros and cons of popular loan products to help take the guesswork out of borrowing money. (Mon, 08 Sep 2008 10:00:00 GMT)

Will bailout help you?
The government's historic seizure of troubled mortgage giants Fannie Mae and Freddie Mac will lead to lower mortgage rates and slow the plunge in home prices - good news for home buyers and some homeowners hoping to refinance, experts predict. (Mon, 08 Sep 2008 10:08:03 GMT)

PRESS RELEASE: Fitch Upgrades Lansdowne Mortgage Secs
Fitch Ratings-London-08 September 2008: Fitch has today upgraded three and affirmed eight tranches of Lansdowne Mortgage Securities No. 1 and No. 2 (LMS1 and LMS2), Irish RMBS transactions originated by Start Mortgages Limited (SML). (Mon, 08 Sep 2008 10:17:57 GMT)

US Government takes over mortgage giants
The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis. (Mon, 08 Sep 2008 10:24:44 GMT)

New Experian Research Highlights the Effects of the Mortgage Meltdown on Small Businesses
Experian®, a global information services company, today announced the results of a comprehensive study that examines the payment behavior of the small-business owner in relation to the current mortgage crisis. (Mon, 08 Sep 2008 11:00:00 GMT)

World stocks soar on US mortgage bailout
European and Asian stock markets surged Monday after the US government grabbed control of ailing mortgage giants Fannie Mae and Freddie Mac, easing fears of a world financial crisis, dealers said. (Mon, 08 Sep 2008 11:05:30 GMT)

Dollar rallies after US rescue for mortgage giants
The dollar rose against the euro and yen on Monday after US authorities bailed out two mortgage finance giants, easing investor worries over the future of global markets, dealers said. (Mon, 08 Sep 2008 11:18:00 GMT)

US stock futures surge on plan for mortgage giants
NEW YORK -- U.S. stock futures pointed to a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. U.S. stock futures jumped more than 2 percent. (Mon, 08 Sep 2008 11:23:45 GMT)

Mortgage Bailout Rallies Markets
World stock markets soared after Washington announced a bailout of mortgage giants Fannie Mae and Freddie Mac (Mon, 08 Sep 2008 11:27:32 GMT)

World markets soar on U.S. mortgage takeover
LONDON, England (AP) -- World stock markets soared Monday after Washington announced a bailout of mortgage giants Fannie Mae and Freddie Mac -- a move that could help bolster a shaky U.S. housing market and renew global investor confidence. (Mon, 08 Sep 2008 11:51:25 GMT)

US government takes on big role in mortgage market
Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis. (Mon, 08 Sep 2008 11:55:20 GMT)

US stock futures surge on plan for mortgage giants
U.S. stock futures pointed to a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. Stock futures jumped more than 1 percent. (Mon, 08 Sep 2008 12:04:37 GMT)

Ahead of the Bell: PHH upgraded by FBR
A Friedman Billings Ramsey analyst upgraded mortgage originator and fleet management company PHH Corp. Monday, predicting lower mortgage rates, more mortgage market liquidity, and the potential for greater refinancing activity following the government bailout of mortgage giants Fannie Mae and Freddie Mac. (Mon, 08 Sep 2008 12:45:55 GMT)

US stock futures surge on plan for mortgage giants
U.S. stock futures pointed to a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. Stock futures jumped more than 2 percent. (Mon, 08 Sep 2008 13:14:59 GMT)

Stocks surge on plan for mortgage giants
Stocks surged Monday as investors rushed to lay bets on a recovery in the financial and housing sectors following the weekend announcement that the U.S. government will bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials gained more than 175 points. (Mon, 08 Sep 2008 15:46:47 GMT)

Stocks surge on rescue of mortgage giants
Stocks surged early today as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government will bail out mortgage lenders Fannie Mae and Freddie Mac. The major indexes jumped, with the Dow Jones industrials gaining more than 300 points. (Mon, 08 Sep 2008 15:59:17 GMT)

US government takes on big role in mortgage market
Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration is seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis. (Mon, 08 Sep 2008 16:35:14 GMT)

White House defends takeover of mortgage giants
Administration says federal backing of mortgage giants could have been prevented if Congress had followed its recommendations. (Mon, 08 Sep 2008 16:53:07 GMT)

World stocks soar on US mortgage bailout
European stocks soared Monday in a massive relief rally after the US government bailed out ailing mortgage giants Fannie Mae and Freddie Mac, easing fears of a global financial meltdown. (Mon, 08 Sep 2008 17:00:34 GMT)

Bailout brings lower mortgage rates, but not housing rebound
Mortgage rates fell Monday on news of a Treasury-led bailout of mortgage giants Fannie and Freddie Mac, but observers warned not to expect lower borrowing costs to suddenly revive the troubled housing market. (Mon, 08 Sep 2008 17:10:58 GMT)

Mortgage site links borrowers to lenders
Two Otago investors are helping bankroll a new Internet site they say will challenge mortgage brokers. Eion Edgar and John Gilks have invested in Fundit.co.nz in which borrowers determine how much they want to borrow, their security and the term of the loan, and then lenders bid for the business. (Mon, 08 Sep 2008 17:11:32 GMT)

Bonds up as mortgage rates fall
U.S. treasurys rose on Monday after a government bailout of mortgage giants Fannie Mae and Freddie Mac drove down mortgage rates. (Mon, 08 Sep 2008 18:08:07 GMT)

As expected, 30-year mortgage rate sinks after takeover
Interest rates on 30-year fixed-rate mortgages have plunged in the aftermath of the U.S. government's rescue effort for mortgage finance companies Fannie Mae and Freddie Mac. (Mon, 08 Sep 2008 18:49:31 GMT)

Stocks mostly advance on plan for mortgage giants
Stocks mostly advanced Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. (Mon, 08 Sep 2008 18:53:24 GMT)

Stocks mostly advance on plan for mortgage giants
Stocks mostly advanced Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials gained more than 150 points but the Nasdaq composite index declined as technology stocks lagged. (Mon, 08 Sep 2008 18:53:31 GMT)

Wall Street Buoyed By Mortgage Takeover
Investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government is bailing out mortgage lenders Fannie Mae and Freddie Mac. Stock futures jumped more than 2 percent. (Mon, 08 Sep 2008 19:30:03 GMT)

Shore Mortgage Is Recruiting Employees Due to Significant FHA Mortgage Refinancing Activity
FHA leader in Michigan, Shore Mortgage, a full service mortgage company offering new mortgages as well as refinancing services, has four locations throughout the Detroit metropolitan area. (Mon, 08 Sep 2008 19:40:00 GMT)

Three steps to prove home is owned free and clear
DEAR BENNY: As a retired couple, we have moved to Florida and built our own home on property we purchased. Everything was paid for in full -- no outstanding loan. Because our past homes always have had a mortgage, there was title insurance that someone had purchased. Should we have some kind of title insurance? How can we prove that we own this home free and clear? -- Nancy (Mon, 08 Sep 2008 19:42:44 GMT)

Administration defends takeover of mortgage giants
The White House said Monday that the federal takeover of troubled mortgage giants Fannie Mae and Freddie Mac could have been prevented if Congress had only acted on its recommendations for changing the system. (Mon, 08 Sep 2008 19:50:28 GMT)

Stocks jump on plan for mortgage giants
Stocks advanced Monday as investors put down bets that a recovery in the financial and housing sectors is in the offing following the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials and the Standard & Poor's 500 index dragged a nervous Nasdaq composite index along for the ride. (Mon, 08 Sep 2008 19:50:57 GMT)

Stocks rally on plan for mortgage giants
Wall Street is closing higher as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. (Mon, 08 Sep 2008 20:05:15 GMT)

Swift action a boon for mortgage bonds
The seizure of Freddie Mac and Fannie Mae (NYSE:FNM) by the US Treasury boosted credit markets on Monday and prompted a buying frenzy in mortgage bonds that pushed rates sharply lower. (Mon, 08 Sep 2008 20:50:16 GMT)

World stocks surge on US mortgage rescue plan
Global stocks soared Monday in a massive relief rally after the US government took over ailing mortgage giants Fannie Mae and Freddie Mac, easing fears of a global financial meltdown. (Mon, 08 Sep 2008 21:12:40 GMT)

Mortgage rates drop after Fannie, Freddie takeover
Mortgage rates fell sharply Monday, as investors reacted to the government's takeover of Fannie Mae and Freddie Mac. And that's exactly what homeowners like Jim Chereskin had been waiting for. (Mon, 08 Sep 2008 21:25:11 GMT)

Mortgage giant bailout won't aid all borrowers
NEW YORK - The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. (Mon, 08 Sep 2008 21:29:55 GMT)

U.S., R.I. home-loan delinquencies rise
OVER THE PAST 2 years, the loan-delinquency rate for residential mortgages in Rhode Island has more than tripled, from 1.18% to 3.55%, while the national rate has nearly doubled, from 1.84% to 3.53%, TransUnion data show. (Mon, 08 Sep 2008 22:25:52 GMT)

Mortgage giant takeover good for local borrowers
BLOOMINGTON -- Local mortgage rates took a dive Monday following the government takeover of industry giants Fannie Mae and Freddie Mac. (Mon, 08 Sep 2008 22:50:48 GMT)

Bailout for home buyers?
The government takeover of Fannie Mae and Freddie Mac sent mortgage rates lower today and could spur an up tick in refinancings and home purchases, local loan brokers say. (Mon, 08 Sep 2008 22:53:03 GMT)

Mortgage rates drop after Fannie, Freddie takeover
Mortgage rates fell sharply today, as investors reacted to the government's takeover of Fannie Mae and Freddie Mac. And that's exactly what homeowners like Jim Chereskin had been waiting for. (Mon, 08 Sep 2008 23:30:19 GMT)

Stocks rally on plan for mortgage giants
Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials gained nearly 300 points. (Mon, 08 Sep 2008 23:32:20 GMT)

Stocks rally on plan for mortgage giants
Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. (Mon, 08 Sep 2008 23:32:20 GMT)

The great mortgage bail-out
It took decades for Coca-Cola, McDonald's and Starbucks to make their way over here. It may be only a matter of weeks before the American way of mortgage life, or at least a significant chunk of it, also finds its way to our shores. The rescue of the US mortgage agencies Fannie Mae and Freddie Mac has intensified pressure on the Government and the Bank of England to save our own beleaguered ... (Mon, 08 Sep 2008 23:57:57 GMT)

Administration defends takeover of mortgage giants
WASHINGTON -- The White House said Monday that the federal takeover of troubled mortgage giants Fannie Mae and Freddie Mac could have been prevented if Congress had only acted on its recommendations for changing the system, but housing experts say it's more complicated than that. (Tue, 09 Sep 2008 01:05:32 GMT)

Home loan demand remains weak
JUST 50,279 people took out a new home loan in July and retail spending remained slim, despite households benefiting from a round of tax cuts. (Tue, 09 Sep 2008 01:51:00 GMT)

Fed takeover may not change home prices much
The government's seizure of mortgage giants Fannie Mae and Freddie Mac on Sunday might ease home loan rates, but most industry observers believe it will only marginally aid the slumping local and national real estate markets. Moderately lower interest rates... (Tue, 09 Sep 2008 01:51:37 GMT)

Australia's Home-Loan Approvals Drop as Economy Slows (Update1)
Sept. 9 (Bloomberg) -- Australian home-loan approvals declined in July for a sixth month, supporting the central bank's assessment the economy is slowing. (Tue, 09 Sep 2008 02:04:46 GMT)

Australia's Home-Loan Approvals Drop as Economy Slows (Update2)
Sept. 9 (Bloomberg) -- Australian home-loan approvals declined for a sixth month, supporting the central bank's assessment the economy is slowing. (Tue, 09 Sep 2008 03:04:26 GMT)

Mortgage rates drop on news of federal takeover of Fannie Mae, Freddie Mac
Mortgage rates fell sharply Monday as investors reacted to the government’s takeover of Fannie Mae and Freddie Mac. (Tue, 09 Sep 2008 03:17:55 GMT)

Shawnee County Resident Want to Start New Home-plus for Elderly
Debra Durall wants to build a home-plus near her home to house eight elderly residents. The facility would look just like any other house. The Shawnee County Commission today approved a conditional use permit to allow the facility. Durall now has to make her business plan and get a loan for the facility. (Tue, 09 Sep 2008 04:08:03 GMT)

Experts expect takeover of mortgage giants to stabilize housing market
The government’s historic bailout of Fannie Mae and Freddie Mac will be good news to home buyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts predict. (Tue, 09 Sep 2008 04:19:05 GMT)

Australia's Home-Loan Approvals Drop as Economy Slows (Update2)
Sept. 9 (Bloomberg) -- Australian home-loan approvals declined for a sixth month, supporting the central bank's assessment the economy is slowing. (Tue, 09 Sep 2008 04:29:36 GMT)

Mortgage rates drop after Fannie, Freddie takeover
By ALAN ZIBEL WASHINGTON — Mortgage rates fell sharply Monday as investors reacted to the government’s takeover of Fannie Mae and Freddie Mac. And that’s exactly what homeowners like Jim Chereskin had been waiting for. Chereskin, of Naperville, Ill., took out an adjustable-rate loan in 2003 and has been worrying about how much his mortgage payments will rise once the loan resets to market rates ... (Tue, 09 Sep 2008 05:01:59 GMT)

Maybank Singapore launches special variable home loan packages
Maybank Singapore has introduced two special variable home loan packages: a three-year variable rate package starting from 1.68% pa, and a four-year fixed rate package which locks in rates for the first year at 2.28% pa. (Tue, 09 Sep 2008 05:08:02 GMT)

Mortgage Bailout Leads Rally on Wall Street
NEW YORK, Sept. 8 -- Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur after the U.S. government's move to bail out the mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials gained nearly 300 points. (Tue, 09 Sep 2008 05:46:35 GMT)

Interest rates forcing home loan grants down
Official figures show the number of home loans taken out by owner occupiers has fallen nine times in the last 12 months. (Tue, 09 Sep 2008 06:39:19 GMT)

Mortgage industry welcomes federal fix for lower rates
The takeover of Fannie Mae and Freddie Mac made it easier to get a fixed-rate mortgage. (Tue, 09 Sep 2008 07:06:05 GMT)

Mortgage industry welcomes federal fix for lower rates
The takeover of Fannie Mae and Freddie Mac made it easier to get a fixed-rate mortgage. (Tue, 09 Sep 2008 07:37:05 GMT)

Fannie, Freddie takeover drops mortgage rates
Mortgage rates fell sharply yesterday as investors reacted to the government's takeover of Fannie Mae and Freddie Mac. (Tue, 09 Sep 2008 07:37:58 GMT)

Mortgage giants' bailout holds hope for buyers
Homebuyers are among the likely short-term beneficiaries of the government's bailout of Fannie Mae and Freddie Mac, Louisville-area bankers and mortgage brokers said yesterday. (Tue, 09 Sep 2008 08:54:00 GMT)

Mortgage lending steady in July
Mortgage lending steadied in July, according to the Council of Mortgage Lenders, but was still 51% lower than a year ago. (Tue, 09 Sep 2008 09:26:29 GMT)

Deal won't help those behind on mortgage
NEW YORK . Few outside Washington and Wall Street may understand what Fannie Mae and Freddie Mac do, but the government's bailout of the two is likely to be felt in cities and suburbs across the country. The takeover will be good news for those looking to buy a home or hoping to refinance their mortgages if it leads to lower interest rates, as experts expect. But for homeowners ... (Tue, 09 Sep 2008 11:07:13 GMT)

Futures rise on lower oil, mortgage optimism
Stock index futures rose on Tuesday as a decline in oil prices and mortgage rates buoyed sentiment as did positive broker actions on bellwethers including Hewlett-Packard . (Tue, 09 Sep 2008 11:46:45 GMT)

Reinventing Two Mortgage Giants: A Big Rebuild or a Teardown?
A day after the government seized control of the nation’s two largest mortgage finance companies, policy makers and Congress began what promises to be an epic political fight over how to revamp the companies once the current crisis ends, Stephen Labaton and Edmund L. Andrews wrote in The New York Times. (Tue, 09 Sep 2008 11:56:15 GMT)

Rescue of Mortgage Giants Displays Paulson’s Clout
President Bush may be the nation’s first M.B.A. president, but when Mr. Bush and a small coterie of advisers met in the Oval Office last week to complete their plan to rescue the mortgage giants Fannie Mae and Freddie Mac , there was no question who was in charge, The New York Times’ Sheryl Gay Stolberg reports. (Tue, 09 Sep 2008 11:56:25 GMT)

Fed takeover may not change home prices much
The government's seizure of mortgage giants Fannie Mae and Freddie Mac on Sunday might ease home loan rates, but most industry observers believe it will only marginally aid the slumping real estate markets. Moderately lower interest rates on new mortgages... (Tue, 09 Sep 2008 12:05:06 GMT)

Mortgage giant takeover good for local borrowers
BLOOMINGTON -- Local mortgage rates took a dive Monday following the government takeover of industry giants Fannie Mae and Freddie Mac. (Tue, 09 Sep 2008 12:10:31 GMT)

Refinancing In Order Now?
Stephanie AuWerter of SmartMoney.com says the federal takeover of Fannie Mae and Freddie Mac doesn't mean it's time to refi yet. (Tue, 09 Sep 2008 12:22:18 GMT)

Investors boost stocks after mortgage deal
Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur after the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials gained nearly 300... (Tue, 09 Sep 2008 13:09:54 GMT)

Brian Bethune Of Global Insight Explains Why Fannie, Freddie Bailout Is "Great News" For Mortgage Rates
(RTTNews) - In an interview with RTT News, Brian Bethune, chief U.S. financial economist with Global Insight says the government bailout of Fannie Mae and Freddie Mac is "great news" for American households looking to purchase a home or refinance. (Tue, 09 Sep 2008 13:32:02 GMT)

Mortgage Rates May Drop In Wake Of Bailout, Spreads Show
Mortgage Rates May Drop In Wake Of Bailout, Spreads Show (Tue, 09 Sep 2008 13:47:36 GMT)

Mortgage giant takeover may be good news for local borrowers
BLOOMINGTON -- Local mortgage rates took a dive Monday following the government takeover of industry giants Fannie Mae and Freddie Mac. | Rescue of Fannie, Freddie poses taxpayer risks | Interactive graphic: What do the Fannies do? (Tue, 09 Sep 2008 14:23:39 GMT)

Small business owners pay business bills before mortgage
Which baby do you love more, your home or your business? When times are tight, small business owners are more likely to pay their business expenses than their mortgage, according to a new study by credit rating agency Experian. (Tue, 09 Sep 2008 15:45:00 GMT)

Mortgage rates drop; investors applaud Freddie, Fannie rescue
Wall Street staged its biggest rally in a month Monday as stock investors bet that the government's move to seize and backstop the USA's two largest mortgage finance companies will help stabilize the housing market, thaw credit markets and boost the ailing economy. (Tue, 09 Sep 2008 16:36:51 GMT)

Mortgage Rates May Fall After Fannie, Freddie Rescue (Update1)
Sept. 9 (Bloomberg) -- The U.S. government takeover of Fannie Mae and Freddie Mac on Sept. 7 may provide relief for homeowners who want to refinance mortgages and prospective buyers shopping for a loan. (Tue, 09 Sep 2008 18:11:31 GMT)

Mortgage rates drop after Fannie, Freddie takeover
WASHINGTON - Mortgage rates fell sharply Monday, as investors reacted to the government’s takeover of Fannie Mae and Freddie Mac. (Tue, 09 Sep 2008 18:16:54 GMT)

Foreclosure Trackers Offers to Buy McMahon's Loan, Not His Home
HUNTINGTON BEACH, Calif.----Real estate and foreclosure expert Robert Lee, CEO of Foreclosure Trackers, Inc. , announced today that FTI and Ed McMahon have worked out an agreement that will save the American icon’s home from foreclosure. (Tue, 09 Sep 2008 18:55:00 GMT)

Roy Jacobs & Associates Investigating Whether Purchasers of Federal Home Loan Mortgage Corporation ("Freddie Mac") ...
NEW YORK, Sept. 9, 2008 -- Roy Jacobs & Associates announces that it is investigating whether brokers who recommended Federal Home Loan Mortgage Corporation series Z preferred shares may have done so under circumstances where the investment was not suitable for the particular customer, or where positive statements were made about the preferred shares or Freddie Mac which were not true. (Tue, 09 Sep 2008 19:35:05 GMT)

AIG shares fall on fresh mortgage market concerns
NEW YORK (Reuters) - Shares of American International Group Inc (AIG.N), the world's biggest insurer, fell 16 percent on Tuesday on fears that the company's large exposure to the mortgage markets could trigger the need to raise fresh capital. (Tue, 09 Sep 2008 19:37:22 GMT)

Rescue of mortgage giants displays Paulson's power
When President George W. Bush and advisers met last week to complete their plan to rescue the mortgage giants Fannie Mae and Freddie Mac, there was no question who was in charge. It was Treasury Secretary Henry Paulson Jr. (Tue, 09 Sep 2008 19:40:42 GMT)

Fannie, Freddie takeover drops mortgage rates
Mortgage rates fell sharply Monday, as investors reacted to the government's takeover of Fannie Mae and Freddie Mac. And that's exactly what homeowners like Jim Chereskin had been waiting for. (Tue, 09 Sep 2008 20:04:37 GMT)

NHB sees drop in home loan rates
New Delhi, Sept. 9: The National Housing Bank (NHB) today said it expected interest rates on home loans to start falling from January. (Tue, 09 Sep 2008 21:01:26 GMT)

Mortgage giant takeover may be good news for local borrowers
BLOOMINGTON -- Local mortgage rates took a dive Monday following the government takeover of industry giants Fannie Mae and Freddie Mac. | Rescue of Fannie, Freddie poses taxpayer risks | Interactive graphic: What do the Fannies do? (Tue, 09 Sep 2008 21:09:20 GMT)

Federal Home Loan Bank of Atlanta Approves Agreement with the U.S. Treasury as Backup Liquidity Source
The Federal Home Loan Bank of Atlanta announced today it has approved a lending agreement with the U.S. Department of the Treasury that is designed to serve as a source of contingent liquidity for the Bank's debt issuance activities. (Tue, 09 Sep 2008 21:18:00 GMT)

Lower Mortgage Rates & Refinancing Your Home
Since the government bought out Freddie Mac and Fannie Mae, mortgage rates have gone down. And with lower rates and a poor economy, more people are refinancing their homes. (Tue, 09 Sep 2008 22:59:52 GMT)

MarketWatch readers kindle own outrage over mortgage bailout
Wall Street may have initially reacted favorably to the stunning government takeover of mortgage giants Fannie Mae and Freddie Mac but MarketWatch readers overwhelmingly railed against the action, with many wondering why there has been so little protest over the decision to commit billions in taxpayer dollars to the two institutions. (Tue, 09 Sep 2008 23:40:39 GMT)

Deal Struck To Save McMahon Home From Foreclosure
A foreclosure-tracking company chief says he and former Johnny Carson sidekick Ed McMahon have come to an agreement to save his Beverly Hills home. Foreclosure Trackers Inc. Chief Executive Officer Robert Lee says his company is concluding negotiations with Countrywide Financial to purchase the loan on McMahon's home. Lee said he plans on ending the ongoing problems that have plagued McMahon ... (Tue, 09 Sep 2008 23:53:09 GMT)

Mortgage rates take big drop after bailout plan
For the first time in nearly eight months, mortgage brokers and lenders have good news for their clients. Mortgate rates are dropping sharply. (Wed, 10 Sep 2008 00:42:42 GMT)

Falling mortgage rates may lure more home buyers
A drop in mortgage rates that's accelerated since the government said it would take over Fannie Mae and Freddie Mac has raised hopes that more buyers might be drawn into the housing market and help reverse the worst slump in decades. (Wed, 10 Sep 2008 02:58:47 GMT)

Loan default freezes community
Carolina Crossing, a Portrait Homes community in Little River, is going through foreclosure proceedings that could result in one of its lenders taking over the undeveloped parcels and unsold homes there, company officials said. Mike Pasquinelli, home builder Portrait Homes' chief operating officer, said the company defaulted on the loan Park National Bank gave it to develop Carolina Crossing ... (Wed, 10 Sep 2008 04:16:10 GMT)

Australia's Suncorp Sells Mortgage-Backed Bonds (Update1)
Sept. 10 (Bloomberg) -- Suncorp-Metway Ltd. , Australia's third-largest general insurer, raised A$444 million ($357.4 million) in the nation's first sale of mortgage-backed bonds in more than a month. (Wed, 10 Sep 2008 04:59:22 GMT)

Mortgage Scams Targeted by Grant
Faced with an alarming rate of foreclosures and an increasing number of mortgage fraud cases, Prince George's County is getting some help in the fight to help homeowners stave off financial ruin. (Wed, 10 Sep 2008 05:03:16 GMT)

Emirates NBD announces launch of home loan financing in Abu Dhabi
Emirates NBD, the UAE's leading bank, announced the launch of its home loan financing scheme in Abu Dhabi last night at a press conference held at The Emirates Palace Hotel in Abu Dhabi and headed by Mr. Suvo Sarkar, General Manager - Retail Banking. (Wed, 10 Sep 2008 07:54:15 GMT)

Mortgage giant takeover may be good news for local borrowers
BLOOMINGTON -- Local mortgage rates took a dive Monday following the government takeover of industry giants Fannie Mae and Freddie Mac. | Rescue of Fannie, Freddie poses taxpayer risks | Interactive graphic: What do the Fannies do? (Wed, 10 Sep 2008 09:09:22 GMT)

Is a re-fi worth it?
Since the government bailout of mortgage giants Freddie Mac and Fannie Mae, the average rate on typical 30-year fixed-rate mortgages fell from 6.55 percent to 5.88 Tuesday, according to bankrate.com. That's raising interest in refinancing. (Wed, 10 Sep 2008 09:11:15 GMT)

ECB chief welcomes US rescue of mortgage giants
European Central Bank President Jean-Claude Trichet on Wednesday welcomed the U.S. government's decision to rescue mortgage giants Fannie Mae and Freddie Mac. (Wed, 10 Sep 2008 11:15:47 GMT)

Mortgage applications rose 9.5% last week: MBA
Mortgage applications filed last week increase a seasonally adjusted 9.5% compared with the week before, as mortgage interest rates decrease, the Mortgage Bankers Association reported on Wednesday. (Wed, 10 Sep 2008 11:40:24 GMT)

ECB chief welcomes US rescue of mortgage giants
European Central Bank President Jean-Claude Trichet on Wednesday welcomed the U.S. government's decision to rescue mortgage giants Fannie Mae and Freddie Mac. Trichet said the decision by U.S. Treasury Secretary Henry Paulson was justified because of still-... (Wed, 10 Sep 2008 11:55:14 GMT)

Radian Comments on Mortgage Insurance Business
Radian Group Inc. , a global credit risk management company, today issued the following statement on the status of its mortgage insurance business in light of recent industry developments. (Wed, 10 Sep 2008 12:00:00 GMT)

Mortgage Applications Rise Last Week As Rates Drop
(RTTNews) - Industry data released on Wednesday showed that mortgage application volume jumped nearly 10 percent last week, as low 30-year mortgage rates sent investors rushing to refinance. (Wed, 10 Sep 2008 13:18:48 GMT)

(AFX UK Focus) 2008-09-10 14:17 SNB-no signs of credit crunch in Swiss mortgage mkt
ZURICH, Sept 10 (Reuters) - Switzerland's mortgage market has avoided a credit crunch like those hurting the economies of countries such as the United States and Britain, Swiss National Bank board member Thomas Jordan said on Wednesday. Jordan -- who will decide on interest rates with the two other SNB board members next week -- said strict rules on covered bonds to re-finance mortgage debt, ... (Wed, 10 Sep 2008 13:25:09 GMT)

Mortgage demand rises, down sharply from a year ago
Mortgage loan applications rose a seasonally adjusted 9.5% last week from a week earlier, the Mortgage Bankers Association said Wednesday, but on an unadjusted basis, the index lost 13.6% and was down 24.4% compared with Labor Day week a year ago. (Wed, 10 Sep 2008 14:19:02 GMT)

Getting a Mortgage After a Home Foreclosure
If your property is foreclosed upon, it could be years before you can obtain another home loan. (Wed, 10 Sep 2008 14:46:29 GMT)

Mortgage rates plummet, but borrowers beware
Mortgage rates have plummeted, but that hasn't made getting a home loan any easier for most borrowers. (Wed, 10 Sep 2008 14:53:17 GMT)

Getting a Mortgage After a Home Foreclosure
If your property is foreclosed upon, it could be years before you can obtain another home loan. (Wed, 10 Sep 2008 16:13:58 GMT)

UPDATE: Mortgage Applications Rose 9.5% Last Week: MBA
CHICAGO (Dow Jones) -- Mortgage applications filed last week increased a seasonally adjusted 9.5% compared with the week before, as mortgage interest rates decreased, the Mortgage Bankers Association reported on Wednesday. (Wed, 10 Sep 2008 16:48:01 GMT)

Grant to help Md. county fight mortgage fraud
Prince George's County has received a grant from Maryland to help homeowners fight an increasing number of mortgage fraud cases. (Wed, 10 Sep 2008 16:57:42 GMT)

Could Mortgage Crisis Take Down WaMu?
Analysts say that the U.S. mortgage crisis could sink the bank. (Wed, 10 Sep 2008 19:06:11 GMT)

U.S. mortgage volume up in week
The volume of applications for U.S. mortgages increased last week, rising by a seasonally adjusted 9.5 percent, an industry group said.The Market Composite Index, which measures mortgage loan application volume, rose from 453.1 to 496.2 in the week ending Sep. 5, the Mortgage Bankers Association said in a release Wednesday.The Refinance Index also increased, up 15.4 percent to 1,222.9, the MBA ... (Wed, 10 Sep 2008 19:36:38 GMT)

Scottsdale firm buys local Rillito Mortgage
Local mortgage company Rillito Mortgage & Investment LLC has been purchased by a Scottsdale-based lender looking to expand amid the real estate market downturn. (Wed, 10 Sep 2008 19:43:06 GMT)

Citizens Financial to offer employee discount program to home loan customers
Citizens Financial Group, parent to Citizens Bank, said Wednesday that it will offer its employee-discount program to the public for home equity and mortgage loans. (Wed, 10 Sep 2008 19:46:47 GMT)

More NY grants aimed at subprime mortgage crisis
New York Gov. David Paterson says almost $4.2 million in state grants have been awarded to nonprofit agencies to help address the subprime mortgage crisis. (Wed, 10 Sep 2008 20:29:27 GMT)

Fed takeover a boon to mortgage rates
Sunday's federal takeover of mortgage lenders Fannie Mae and Freddie Mac has caused mortgage rates to fall to the lowest levels since May and sparked a surge in loan refinancings. Rumors of the pending takeover caused the average national interest rate for 30-year, fixed-rate mortgages to fall from 6.39 percent last week to 6.06 percent, Reuters reported. By Wednesday, Bankrate.com ... (Wed, 10 Sep 2008 21:11:27 GMT)

Kiwibank cuts home loan rates
Government-owned Kiwibank is cutting all its home loan rates hot on the heels of the Reserve Bank's surprise half percentage cut to the official cash rate today. (Wed, 10 Sep 2008 22:35:52 GMT)

Kiwibank cuts home loan rates
Kiwibank has responded to today's cut in the Official Cash Rate by reducing all its home loan rates. These include 0.50% off its variable rate which moves to 9.7% and 0.36% off its two-year fixed rate, which moves to 8.49%. (Wed, 10 Sep 2008 23:27:47 GMT)

Georgia ranks third in late mortgage payments
More Georgia homeowners are falling behind on their mortgage payments in another ominous sign the housing market pain will persist. (Wed, 10 Sep 2008 23:39:12 GMT)

New Zealand Kiwibank Cuts Home Loan Rates After RBNZ Rate Cut
WELLINGTON -(Dow Jones)- New Zealand's state-owned Kiwibank reduced all its home loans after the Reserve Bank of New Zealand cut the Official Cash Rate 50 basis points to 7.50% earlier Thursday. (Thu, 11 Sep 2008 00:13:47 GMT)

Mortgage Relief For Housing Market
With 30-year mortgage loan rates sinking last week, Wall Street is looking for a bottom. (Thu, 11 Sep 2008 00:14:17 GMT)

Mortgage brokers, real estate agents say interest rate drop is spurring activity
This week's fast decline in mortgage interest rates has created a surge of activity at Silicon Valley mortgage companies, as homeowners ponder refinancing and buyers decide whether to lock in a loan rate. (Thu, 11 Sep 2008 01:02:14 GMT)

Buying, refinancing push mortgage applications higher last week
WASHINGTON -- Mortgage applications in the United States rose last week as lower mortgage costs revived interest in buying and refinancing. (Thu, 11 Sep 2008 01:11:04 GMT)

Mortgage brokers, real estate agents say interest rate drop is spurring activity
This week's fast decline in mortgage interest rates has created a surge of activity at Silicon Valley mortgage companies, as homeowners ponder refinancing and buyers decide whether to lock in a loan rate. (Thu, 11 Sep 2008 01:20:50 GMT)

Challenger Plans A$400 Million Sale of Mortgage Bonds (Update1)
Sept. 11 (Bloomberg) -- Challenger Mortgage Management, a unit of the Australian fund manager backed by billionaire James Packer , plans to sell A$400 million ($320 million) of mortgage- backed bonds. (Thu, 11 Sep 2008 03:13:04 GMT)

Emirates NBD home loan facility in Abu Dhabi
Emirates NBD, the largest bank in the UAE in terms of assets, has launched a home loan financing scheme for residential properties in Abu Dhabi. (Thu, 11 Sep 2008 04:24:40 GMT)

Takeover of mortgage giants spurs rate cuts, refinancings
Local lenders are seeing a surge in home-refinancing applications as mortgage rates fall in the wake of the federal government's takeover of mortgage giants Freddie Mac... (Thu, 11 Sep 2008 04:37:26 GMT)

New Zealand Banks Cut Home-Loan Rates After Bollard Urging
Sept. 11 (Bloomberg) -- New Zealand banks began dropping home-loan interest rates today after Reserve Bank Governor Alan Bollard cut the official cash rate more than expected and urged lenders to pass the reduction on. (Thu, 11 Sep 2008 04:49:26 GMT)

Mortgage rates are plunging -- for those who qualify
Would-be borrowers who have been flooding lenders with phone calls find that standards have changed. The government takeover of Fannie Mae and Freddie Mac has sent mortgage rates tumbling, prompting homeowners and would-be buyers to flood loan offices with phone calls. (Thu, 11 Sep 2008 05:29:23 GMT)

Fannie Mae Fallout: Alabama Mortgage Rates
Interest rate cuts followed have followed the federal bailout of mega-mortgage companies Fannie Mae and Freddie Mac. Investors are more confident, but is it good news for Alabama homeowners? One mortgage broker broke down how your mortgage could be affected. (Thu, 11 Sep 2008 06:48:05 GMT)

Area lenders see mortgage rates decrease
The government takeover of Fannie Mae and Freddie Mac has lowered mortgage rates, and local lenders and real estate agents said buyers should take advantage now (Thu, 11 Sep 2008 07:16:09 GMT)

Mortgage rates drop big time
Mortgage rates plummeted this week after the federal government took over mortgage financing giants Freddie Mac and Fannie Mae. (Thu, 11 Sep 2008 10:00:00 GMT)

Refi boom might not follow bailout
A dramatic drop in mortgage rates has motivated some homeowners to wonder if they should refinance. A better question might be: Are they able to refinance? (Thu, 11 Sep 2008 10:00:00 GMT)

The Fannie-Freddie Takeover and Mortgage Rates
Now is a good time for people to refinance out of an adjustable-rate mortgage into a fixed-rate loan. (Thu, 11 Sep 2008 10:16:57 GMT)

Refi boom might not follow bailout
A dramatic drop in mortgage rates has motivated some homeowners to wonder if they should refinance. A better question might be: Are they able to refinance? (Thu, 11 Sep 2008 10:51:33 GMT)

Mortgage rates drop big time
Mortgage rates plummeted this week after the federal government took over mortgage financing giants Freddie Mac and Fannie Mae. (Thu, 11 Sep 2008 10:51:45 GMT)

Lend America Launches Institutional Mortgage Solution to Help Institutional Investors Monetize Residential Mortgage ...
backed securities capable of quickly refinancing performing mortgages (Thu, 11 Sep 2008 11:42:00 GMT)

No quick fix for mortgage crisis, says King
Bank of England governor Mervyn King has told MPs there is no quick fix to solve the current mortgage crisis. (Thu, 11 Sep 2008 13:18:56 GMT)

Report: US 07 Home Lending Activity Fell More Than 20% Vs 06
WASHINGTON -(Dow Jones)- Amid falling home prices and tightened credit conditions, lending activity fell more than 20% in 2007 compared with the year prior with blacks and Hispanic whites seeing the largest decline in loan originations, a new report shows. (Thu, 11 Sep 2008 14:45:12 GMT)

U.S. mortgage rates fall in week
WASHINGTON, Sept. 11 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages dropped significantly from the previous week, the Federal Home Loan Mortgage Corp. said Thursday. (Thu, 11 Sep 2008 15:35:02 GMT)

Mortgage rates drop nearly half a point after government takeover of Fannie and Freddie
Updated 4:38 p.m. Mortgage rates took the biggest one-week plunge in more than 25 years, and the drop below 6 percent could help home buyers and people who want to refinance. The average 30-year rate dropped to 5.93 percent fixed,... (Thu, 11 Sep 2008 16:01:39 GMT)

Mortgage rates drop after Freddie, Fannie bailout
Rates on 30-year mortgages dropped, after the U.S. government took control of mortgage financing giants Fannie Mae and Freddie Mac last weekend. (Thu, 11 Sep 2008 16:26:00 GMT)

Ex-mortgage broker draws 30 months in prison in KC fraud scheme
A federal judge sentenced a former mortgage broker today to 30 months in federal prison for his role in a high-profile fraud scheme. (Thu, 11 Sep 2008 16:41:15 GMT)

30-year mortgage rates drop below 6%
Rates on 30-year mortgages dropped sharply this week, falling to the lowest level in five months, as the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac had the hoped-for impact of lowering mortgage rates. (Thu, 11 Sep 2008 17:00:17 GMT)

2nd UPDATE: Home-Loan Activity Fell Over 20% In '07: Report
WASHINGTON -(Dow Jones)- Amid falling home prices and tightened credit conditions, home-lending activity fell more than 20% in 2007 compared with the prior year, with African-Americans and Hispanics seeing the largest decline in loan originations, a new report shows. (Thu, 11 Sep 2008 17:43:19 GMT)

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