Mortgage News Feb 2009

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Obama may subsidize mortgage debt
The Obama administration is looking at subsidizing the mortgage payments of struggling borrowers before they default, according to sources familiar with the discussions. (Thu, 12 Feb 2009 23:35:58 GMT)

Mortgage rates fall to 5.16%
McLEAN, Va. — Rates on 30-year-fixed mortgages fell this week, offering homeowners a chance to refinance their loans, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage dropped to 5. (Thu, 12 Feb 2009 23:42:42 GMT)

Mortgage rates fall in week
Interest rates for 30-year, fixed-rate U.S. mortgages fell in the week ending Feb. 12, the Federal Home Loan Mortgage Corp. said Thursday.The 30-year, fixed-rate mortgage averaged 5.16 percent with an average 0.7 points in the week, down from the previous week's 5.25 percent, Freddie Mac said.A year ago, 30-year, fixed-rate mortgages averaged 5.72 percent.At 4.81 percent with an average 0.7 ... (Fri, 13 Feb 2009 00:29:49 GMT)

Obama eyes home loan subsidies in rescue plan: sources
The Obama administration is hammering out a program to subsidize mortgages in a new front to fight the credit crisis, sources familiar with the plan told Reuters on Thursday, boosting financial markets. (Fri, 13 Feb 2009 00:32:06 GMT)

Obama mortgage plan news spurs late stocks rally
Stocks staged a late rally to close mostly higher on Thursday after Reuters reported the Obama administration was working on a program to subsidize mortgage payments for troubled homeowners. (Fri, 13 Feb 2009 00:37:04 GMT)

Obama eyes home loan subsidies
President Barack Obama's administration is hammering out a program to subsidize mortgages in a new front to fight the credit crisis, sources familiar with the plan told Reuters, boosting financial markets. (Fri, 13 Feb 2009 02:10:53 GMT)

Administration weighs plan to lower mortgage rates to stop foreclosures
The Obama administration is considering spending taxpayer dollars to lower mortgage rates for borrowers on the verge of foreclosure, according to two people briefed on the plan. (Fri, 13 Feb 2009 04:03:21 GMT)

US eyes home loan subsidies in rescue plan: Report
WASHINGTON: The Obama administration is hammering out a programme to subsidize mortgages in a new front to fight the credit crisis, sources familiar with the plan told Reuters on Thursday, firing financial markets. (Fri, 13 Feb 2009 04:39:44 GMT)

NHB steps up scrutiny of home finance firms
National Housing Bank (NHB), the regulator for housing finance companies (HFCs), has initiated a review of the books of the home loan providers under its ambit to assess the extent of real estate funding and the end-use of funds. (Fri, 13 Feb 2009 05:02:29 GMT)

Lower rates spur refinancing action
Lower interest rates and sunny weather are bringing applicants to the mortgage table. “Once January came and rates dropped, buyers started coming out of the woodwork,” said Scott Mears, a Realtor with ReMax and president of the St. Joseph Regional Association of Realtors. (Fri, 13 Feb 2009 06:07:31 GMT)

Business Briefs: Mortgage rates fall again this week
McLEAN, Va. — Rates on 30-year-fixed mortgages fell this week, offering homeowners a chance to refinance their loans, Freddie Mac said. The average rate on a 30-year fixed mortgage dropped to 5.16 percent this week from 5.25 percent last week. (Fri, 13 Feb 2009 06:09:24 GMT)

30-Year Mortgage Rates Down, Freddie Mac Says
Rates on 30-year-fixed mortgages fell this week, offering homeowners a chance to refinance their loans, Freddie Mac reported Thursday.The average rate.... (Fri, 13 Feb 2009 06:17:34 GMT)

SBI's 8% home loan rate lure
The interest rate scheme where 8 per cent is frozen for one year may not actually be as profitable as it appears upfront. (Fri, 13 Feb 2009 06:52:16 GMT)

Pinnacle Investments Announces the Release of the Loan Modification Toolbox
The Loan Modification Toolbox Gives Homeowners the Immediate Resources to Save Their Home From Foreclosure (Fri, 13 Feb 2009 07:01:00 GMT)

Mortgage refinancing up for some
"I receive calls all hours of the day," says mortgage loan officer Maureen Carrington of Silver Spring. Loading... (Fri, 13 Feb 2009 08:04:55 GMT)

Pinnacle Investments Announces the Release of the Loan Modification Toolbox
The Loan Modification Toolbox Gives Homeowners the Immediate Resources to Save Their Home From Foreclosure (PRWeb Feb 13, 2009) Read the full story at http://www.prweb.com/releases/20 (Fri, 13 Feb 2009 08:13:54 GMT)

Rates on 30-year fixed mortgages fall
Rates on 30-year-fixed mortgages fell this week, offering homeowners a chance to refinance loans, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage dropped to 5.16 percent this week from 5.25 percent last week. The new rate translates... (Fri, 13 Feb 2009 08:33:12 GMT)

30-year mortgage rates continue to drop
Rates on 30-year-fixed mortgages fell this week, offering homeowners a chance to refinance their loans, Freddie Mac said. (Fri, 13 Feb 2009 08:48:55 GMT)

Mortgage arrears cases go up 64%
A total of 3,628 mortgage arrears were issued to people in Northern Ireland in 2008, a rise of 64% on the previous year. (Fri, 13 Feb 2009 10:29:42 GMT)

Home Federal Bancorp of Louisiana Q2 net earnings down
Home Federal Bancorp of Louisiana, the holding company of Home Federal Savings and Loan Association, has reported net earnings for the second quarter ended December 31, 2008 of $139,000, or basic earnings per share of $0.04, a decrease of $12,000, or 7.9%, from $151,000, or basic earnings per share of $0.05, for the second quarter of 2007. (Fri, 13 Feb 2009 10:49:46 GMT)

Oil climbs above $34 on mortgage reports
Reports that the U.S. government may subsidize mortgage payments boosted prices above $34 a barrel Friday after investor skepticism about the U.S. stimulus package pulled prices near record lows. (Fri, 13 Feb 2009 12:08:21 GMT)

GLOBAL MARKETS-US home loan hopes lift stocks; yen slips
* Stocks, oil up on US home loan hopes (Fri, 13 Feb 2009 12:11:23 GMT)

GLOBAL MARKETS-US home loan hopes lift stocks; yen slips
* Stocks, oil up on US home loan hopes (Fri, 13 Feb 2009 12:11:23 GMT)

FTSE higher as U.S. mortgage plans buoy markets
* U.S. mortgage plan eases investor jitters (Fri, 13 Feb 2009 12:22:18 GMT)

FTSE higher as U.S. mortgage plans buoy markets 
The FTSE 100 gained 1.1 percent by midday on Friday as hopes for a U.S. plan to subsidise mortgage payments eased investor anxiety about banks, while energy stocks rose on an improved demand outlook. (Fri, 13 Feb 2009 12:25:00 GMT)

Late Day Rally Continues, Futures Higher on Mortgage Plan
The late day rally that boosted stocks from deep into the red into flat territory carried through overnight, as stock futures pointed toward a sharply higher open on reports that the Obama Administration is working on a new mortgage rescue plan. (Fri, 13 Feb 2009 12:40:48 GMT)

Home loan approvals spike
THE big news this week was the spike in home loan approvals in December, adding to evidence that the first-home buyer sector is coming to life. (Fri, 13 Feb 2009 13:00:00 GMT)

NHB steps up scrutiny of home finance firms
National Housing Bank (NHB), the regulator for housing finance companies (HFCs), has initiated a review of the books of the home loan providers under its ambit to assess the extent of real estate funding and the end-use of funds. (Fri, 13 Feb 2009 13:04:32 GMT)

Mortgage-rate drop is nudge to refinance
McLEAN, Va. — Rates on 30-year-fixed mortgages fell this week, offering homeowners a chance to refinance their loans, Freddie Mac said Thursday. (Fri, 13 Feb 2009 13:09:20 GMT)

What to do if your mortgage is rejected
Don't be surprised if your friendly lender, the one who invites you to sit down and apply for a mortgage, ushers you politely out the door empty-handed after you've chatted a bit. The sudden chill isn't personal. The Mortgage Bankers Association, or MBA, in Washington, D.C. ... (Fri, 13 Feb 2009 13:11:48 GMT)

Oil Climbs Above $34 on Mortgage Reports
Oil Climbs Above $34 on Mortgage Reports (Fri, 13 Feb 2009 13:25:48 GMT)

Treasurys Inch Up, With Eyes On Stimulus, Mortgage Plan
Treasurys Inch Up, With Eyes On Stimulus, Mortgage Plan (Fri, 13 Feb 2009 13:55:38 GMT)

Oil climbs above $34 on reports of US mortgage aid
Reports that the U.S. government may subsidize mortgage payments pushed oil prices above $34 a barrel Friday after investor skepticism about the U.S. stimulus package weighed on prices earlier this week. (Fri, 13 Feb 2009 14:32:19 GMT)

US Housing Sec Donovan: Loan Modifications 'Must Accelerate'
NEW YORK -(Dow Jones)- U.S. Housing and Urban Development Secretary Shaun Donovan said Friday that the federal government "must accelerate loan modifications" to stanch the rising number of home foreclosures. (Fri, 13 Feb 2009 15:19:11 GMT)

As Housing Prices Plunge, Refinancing Gets Harder
"For those that bought a home in the last couple of years, it's a difficult time to refinance," says one lender. "We have seen borrowers who have not been able to finance because of how far property values have declined." (Fri, 13 Feb 2009 16:39:03 GMT)

Mortgage firm sues Evans for halting foreclosure sales
DETROIT -- A mortgage company has sued Wayne County Sheriff Warren Evans for halting his weekly foreclosure sales, it announced this morning. (Fri, 13 Feb 2009 16:52:11 GMT)

Tax Tips: The Benefits of Refinancing
If you're among the many people who refinanced a mortgage in 2008, here's how to make sure you claim all your rightful deductions on your tax return. (Fri, 13 Feb 2009 17:52:46 GMT)

J.P. Morgan and Citi halt home foreclosures
The two firms have put a moratorium on home foreclosures through March 6 as they wait for President Barack Obama's loan modification program to be finalized. (Fri, 13 Feb 2009 17:53:41 GMT)

Honolulu mortgage firm execs accused in home loan scheme
Four employees at a Honolulu mortgage company were indicted by a federal grand jury for allegedly coordinating a home loan scheme that cost banks and troubled homeowners hundreds of thousands of dollars. (Fri, 13 Feb 2009 18:13:56 GMT)

NHB steps up scrutiny of home finance firms
National Housing Bank (NHB), the regulator for housing finance companies (HFCs), has initiated a review of the books of the home loan providers under its ambit to assess the extent of real estate funding and the end-use of funds. (Fri, 13 Feb 2009 18:34:30 GMT)

Mortgage industry takes hit - Business and Technology
Lower interest rates have brought the best and worst of times to businesses across the nation, and now several companies in the mortgage industry are feeling the effects. (Fri, 13 Feb 2009 18:37:44 GMT)

U.S. mortgage rescue plan cheers some, angers others
News that U.S. President Barack Obama is working on a plan to rescue homeowners from problem mortgages before they even miss a payment has pleased some Americans and angered others. (Fri, 13 Feb 2009 19:48:00 GMT)

BankUnited Announces Temporary Suspension of Home Foreclosures
CORAL GABLES, Fla.----BankUnited Financial Corporation , parent company of BankUnited FSB, announced today that effective immediately it will temporarily suspend foreclosures on owner-occupied homes until the Treasury Department's Financial Stability Plan home loan modification program is finalized in the next few weeks. (Fri, 13 Feb 2009 20:00:00 GMT)

What to Do When Your Mortgage Is Rejected
Don't be surprised if your friendly lender, the one who invites you to sit down and apply for a mortgage, ushers you politely out the door empty-handed after you've chatted a bit. (Fri, 13 Feb 2009 21:02:08 GMT)

Obama Mortgage Crisis Plan: A Key First Step
President Obama is set to unveil a plan for the mortgage crisis aimed at curtailing foreclosures in the U.S. (Fri, 13 Feb 2009 22:13:13 GMT)

Summers Says Obama Mortgage Plan to Focus on Reducing Payments
Feb. 13 (Bloomberg) -- The White House is willing to spend more than the $50 billion already pledged to stem home foreclosures and intends to focus its efforts on reducing monthly mortgage payments, not principal, said Lawrence Summers , the president’s top economic adviser. (Fri, 13 Feb 2009 22:56:33 GMT)

Summers Says Obama Mortgage Plan to Focus on Reducing Payments
Feb. 13 (Bloomberg) -- The White House is willing to spend more than the $50 billion already pledged to stem home foreclosures and intends to focus its efforts on reducing monthly mortgage payments, not principal, said Lawrence Summers , the president’s top economic adviser. (Fri, 13 Feb 2009 22:59:57 GMT)

Making sense of mortgage refinancing
OVER the last three weeks, commercial banks in Malaysia have lowered their base lending rates (BLR), which are the minimum interest rates based on the cost of funds and other administrative costs incurred by the banks. (Fri, 13 Feb 2009 23:56:12 GMT)

Major US banks, mortgage giants freeze foreclosures
Two US banks and top mortgage finance giants have imposed moratoriums on home foreclosures until a comprehensive government plan emerges to ease the mortgage crisis, officials said Friday. (Sat, 14 Feb 2009 00:06:30 GMT)

Study: Evidence of Mortgage Bias Against Hispanics
A newly released report is saying that mortgage lending disparities against Hispanics, blacks and other minorities in Minneapolis occurred even among the high-income earners, and apparently played a role in the city's ongoing subprime mortgage crisis. (Sat, 14 Feb 2009 01:05:50 GMT)

End it like Beckham: Returning to Galaxy after Milan loan over
David Beckham is coming back to the Los Angeles Galaxy. The England midfielder will return to the MLS team next month as scheduled after his loan agreement with AC Milan ends. (Sat, 14 Feb 2009 02:23:11 GMT)

Summers Says Obama Mortgage Plan to Focus on Lowering Payments
Feb. 14 (Bloomberg) -- The White House is willing to spend more than the $50 billion already pledged to stem home foreclosures and intends to focus its efforts on reducing monthly mortgage payments, rather than principal, said Lawrence Summers , the president’s top economic adviser. (Sat, 14 Feb 2009 05:29:52 GMT)

When mortgage request is rejected
Don't be surprised if your friendly lender, the one who invites you to sit down and apply for a mortgage, ushers you politely out the door empty-handed after you've chatted a bit. (Sat, 14 Feb 2009 05:40:40 GMT)

Some banks to suspend mortgage foreclosures
President Barack Obama will roll out a plan Wednesday to attack the trigger of the current global financial crisis -- rising U.S. mortgage delinquency and foreclosure rates. (Sat, 14 Feb 2009 08:19:06 GMT)

Refinancing can still produce savings
Dear Scott: I've been thinking about refinancing my mortgage. Could give me any helpful information? (Sat, 14 Feb 2009 10:17:33 GMT)

BIG BEN'S OLD HOME FORECLOSED
The home foreclosure disaster has just clamed a new victim - the childhood home of Federal Reserve Chairman Ben Bernanke, according to a published report. The house in Dillon, SC, was sold for $83,000 to a local bank loan officer, who was proud... (Sat, 14 Feb 2009 11:23:41 GMT)

Trial set in mortgage fraud case
The top two executives of a Honolulu mortgage company accused of orchestrating a foreclosure bailout scheme that stole hundreds of thousands of dollars from banks and distressed homeowners pleaded not guilty in federal court yesterday. (Sat, 14 Feb 2009 12:34:18 GMT)

Bernanke's boyhood home sees foreclosure
DILLON, S.C., Feb. 14 (UPI) -- A 27-year-old banker says he's thrilled to have bought U.S. Federal Reserve Chairman Ben Bernanke's childhood home, through a foreclosure sale. (Sat, 14 Feb 2009 15:12:27 GMT)

Some banks to suspend mortgage foreclosures
President Barack Obama will roll out a plan Wednesday to attack the trigger of the current global financial crisis -- rising U.S. mortgage delinquency and foreclosure rates. (Sat, 14 Feb 2009 15:26:31 GMT)

Bernanke's boyhood home sees foreclosure
A 27-year-old banker says he's thrilled to have bought U.S. Federal Reserve Chairman Ben Bernanke's childhood home, through a foreclosure sale.It's just sheer excitement, said Travis Jackson, a loan officer at First Citizens Bancorp in Dillon, S.C., where the unemployment rate is 14.2 percent -- nearly double the national average. Jackson bought the ranch home for $83,000 after it's former ... (Sat, 14 Feb 2009 15:45:39 GMT)

President plans to aid mortgage holders
The biggest players in the mortgage industry are halting home foreclosures while the Obama administration develops its plan to help struggling homeowners. The White House said President Barack Obama on Wednesday will outline his much-anticipated plan to spend at least $50 billion to prevent foreclosures in a speech in Arizona, one of the states hardest hit by the foreclosure crisis. (Sat, 14 Feb 2009 16:48:29 GMT)

Stocks Mixed After Mortgage News
The stock market has made a late-day comeback, hoping that homeowners will get more help with their mortgages. A Reuters report that the government plans to subsidize troubled homeowners' mortgage payments helped the Dow Jones industrial average pare sharp losses Thursday afternoon and finish down less than 7 points. The idea of targeted help for... (Sat, 14 Feb 2009 18:02:27 GMT)

Bernanke's Childhood Home Lost to Foreclosure
The South Carolina home where the most powerful man in the banking industry grew up was recently sold to a loan officer after the previous owners lost it to foreclosure. (Sat, 14 Feb 2009 23:47:12 GMT)

Mortgage Help Grows
As the recession deepens, banks are more willing than ever to help homeowners avoid foreclosure. (Sun, 15 Feb 2009 03:58:48 GMT)

Rock buy-out hit mortgage market
The nationalisation of Northern Rock compounded the problems in the already beleaguered mortgage market. The group's decision to focus on repaying its Government loan as quickly as possible sucked billions of pounds out of the market at a time when wholesale funding had already dried up. (Sun, 15 Feb 2009 05:50:32 GMT)

Helping those with mortgage concerns
Photo by Laura Bemis - Doug Drendell and Mari Pardi said Modify Your Mortgage acts as a customer’s advocate. In most cases, home ownership requires a mortgage. (Sun, 15 Feb 2009 06:17:08 GMT)

New rule: Pay bills on time
Q: We have been in our first house together for just shy of six years. We are not married but both of our names are on the mortgage. We have an opportunity to refinance but my credit score is too low for me to quality for the loan, so an option would be to put the loan in my fiance's name only. (Sun, 15 Feb 2009 08:13:28 GMT)

Loan rates fall; Freddie urges refinancing
Rates on 30-year-fixed mortgages fell last week, offering homeowners a chance to refinance their loans, Freddie Mac said Thursday. (Sun, 15 Feb 2009 08:16:15 GMT)

"Wayzata Today" Friday, Feb. 13 webcast: Wayzata man sentenced for role in mortgage scheme
A 25-year-old mortgage broker from Wayzata will spend the next 16 months in prison for his role in a mortgage fraud scheme. Johnny Nguyen was sentenced yesterday in federal court for one count of mail fraud and one count of money laundering. (Sun, 15 Feb 2009 08:32:55 GMT)

Scott Burns: For some, paying off a mortgage is great
Syndicated columnist Scott Burns discusses the pros and cons of paying off a mortgage early. (Sun, 15 Feb 2009 08:33:37 GMT)

Wayzata man gets 16 months for role in mortgage fraud scheme
A 25-year-old mortgage broker from Wayzata will spend the next 16 months in prison for his role in a mortgage fraud scheme. Johnny Phong Nguyen was sentenced Feb. 12 in federal court for one count of mail fraud and one count of money laundering. (Sun, 15 Feb 2009 08:35:37 GMT)

Rates for 30-year mortgages hit 5.16 percent
Rates on 30-year fixed mortgages fell last week, offering homeowners a chance to refinance their loans, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage dropped to 5.16 percent from 5.25 percent the previous week. A year ago, the 30-... (Sun, 15 Feb 2009 10:32:47 GMT)

Consumer Loan Rates
Springfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat. (Sun, 15 Feb 2009 10:35:25 GMT)

Are lower mortgage rates working?
Low mortgage rates could be a big help to first-time home buyer Nicole Landstrom, who expects to close a sale on a three-bedroom starter in Vancouver this month.With 30-year mortgage... (Sun, 15 Feb 2009 10:41:16 GMT)

2008 In Review: Mortgage Crisis Forever Changes Wall Street
The subprime mortgage crisis led to a series of stunning financial closures and merges in 2008, as the United States faced its most serious economic crisis since the Great Depression. NY1's Annika Pergament filed the following report. (Sun, 15 Feb 2009 12:28:25 GMT)

Fla. AG accuses home loan rescue company of fraud
The Florida Attorney General's Office is suing an Orlando company for allegedly preying on homeowners in danger of foreclosure. (Sun, 15 Feb 2009 13:03:07 GMT)

Lawsuit fears over mortgage holiday
Banks have warned Gordon Brown that his flagship £1bn scheme to underwrite a mortgage holiday for struggling homeowners could trigger a wave of lawsuits for misselling if house prices fall further. (Sun, 15 Feb 2009 13:58:31 GMT)

State Suing Orlando Home Loan Rescue Company
The attorney general's office is suing an Orlando company for allegedly preying on homeowners in danger of foreclosure. (Sun, 15 Feb 2009 18:14:48 GMT)

Reverse mortgage scheme: necessary information
Senior citizens are very much obliged to your answers on reverse mortgage. Is it possible for you to make available the Notification issued by the Central Government and the Operational Guidelines which you have refer ... (Sun, 15 Feb 2009 19:04:53 GMT)

Obama concentrates on stimulus, mortgage crisis
WASHINGTON - President Barack Obama promotes his economic agenda this week with trips outside Washington to sign the $787 billion stimulus package and to tackle the home mortgage foreclosure crisis. (Sun, 15 Feb 2009 20:03:40 GMT)

Home Loan Affordability report from interest.co.nz
Housing affordability improved a record amount to its best levels in 5 years in January because of further falls in house prices and a sharp reduction in mortgage interest costs, a monthly survey by interest.co.nz has found. (Sun, 15 Feb 2009 20:15:50 GMT)

Home of Dallas man, 79, saved from foreclosure by mortgage broker
Forrest Brannon has great faith in God, but it was sorely tested recently when he faced losing his Dallas home to foreclosure. (Sun, 15 Feb 2009 20:47:53 GMT)

Selling Your Home For Less Than The Loan
Find out what options are available when your mortgage is bigger than the value of your home. (Sun, 15 Feb 2009 23:20:49 GMT)

Mortgage foreclosure photo wins World Press Award
This is a discussion on Mortgage foreclosure photo wins World Press Award within the Media forums, part of the General Discussion category on Politics.ie . Remember the classic image of the Donegal family being evicted from their cottage in the 1800's? Here's an updated version ... (Sun, 15 Feb 2009 23:56:49 GMT)

Mortgage crisis next on Obama’s to do list
President Barack Obama launches an economic offensive this week, signing the newly passed $787bn (£545bn) stimulus package in Colorado, before moving to Arizona to tackle the home mortgage foreclosure crisis. (Mon, 16 Feb 2009 01:59:00 GMT)

How many billions set for the "Home Choice Loan" scheme?
This is a discussion on How many billions set for the "Home Choice Loan" scheme? within the Economy forums, part of the Topical Discussion category on Politics.ie . This seems to have dropped right off our radar. To recap, the HCL works like this: "Home Choice Loan is ... (Mon, 16 Feb 2009 02:56:39 GMT)

Citi issues statement on mortgage foreclosure moratorium
Citi has issued the following statement in support of its commitment to a temporary owner-occupied mortgage foreclosure moratorium: "To reiterate the commitment made by Chief Executive Officer Vikram (Mon, 16 Feb 2009 03:16:55 GMT)

How many billions set for the "Home Choice Loan" scheme?
This is a discussion on How many billions set for the "Home Choice Loan" scheme? within the Economy forums, part of the Topical Discussion category on Politics.ie . Originally Posted by feargach we are looking at 100,000 new faces on the dole. They need that money. Dole ? ... (Mon, 16 Feb 2009 05:41:19 GMT)

Mortgage mess next for Obama
WASHINGTON — Keeping the economy front and center, President Barack Obama heads west this week to sign the $787 billion stimulus bill and tackle the home mortgage foreclosure crisis. (Mon, 16 Feb 2009 05:54:39 GMT)

eMatchPhysicians Partners with Bank of America to Provide Special Mortgage Loan Terms Just for Doctors
Online Physician Job Search Company, eMatchPhysicians, Helps Physicians Save Money with No Money Down Doctor Mortgage Loan Program. The Doctor Loan program allows physicians or Dentists to purchase a home in most states with ZERO down and avoid the cost of Private Mortgage Insurance, PMI. (Mon, 16 Feb 2009 07:01:00 GMT)

Seminar to explore mortgage issues
Access to Justice and Consumer Credit Counseling Service will conduct a seminar on tips for buying and keeping a home at 7 p.m. Wednesday at Lutheran Social Services of South Dakota, 705 E. 41st St. Carrie Henrichsen, an Equal Justice Works AmeriCorps legal fellow at Access to Justice, said the event will answer questions that residents might have about a current or future mortgage situation. ... (Mon, 16 Feb 2009 07:58:06 GMT)

Key builds mortgage units even as industry shakes out
KeyBank has nearly doubled the size of its local mortgage team in the past year, and is looking to do the same with its loan volume. (Mon, 16 Feb 2009 08:28:58 GMT)

"Wayzata Today" Friday, Feb. 13 webcast: Wayzata man sentenced for role in mortgage scheme
A 25-year-old mortgage broker from Wayzata will spend the next 16 months in prison for his role in a mortgage fraud scheme. Johnny Nguyen was sentenced yesterday in federal court for one count of mail fraud and one count of money laundering. (Mon, 16 Feb 2009 09:10:55 GMT)

Wayzata man gets 16 months for role in mortgage fraud scheme
A 25-year-old mortgage broker from Wayzata will spend the next 16 months in prison for his role in a mortgage fraud scheme. Johnny Phong Nguyen was sentenced Feb. 12 in federal court for one count of mail fraud and one count of money laundering. (Mon, 16 Feb 2009 09:13:36 GMT)

Gold nuggets exist amid the muck of distressed mortgage securities
There’s money to be made in the next few years in “toxic” mortgage-backed securities — a lot of money. The question is: Who will make it? (Mon, 16 Feb 2009 09:26:54 GMT)

How many billions set for the "Home Choice Loan" scheme?
This is a discussion on How many billions set for the "Home Choice Loan" scheme? within the Economy forums, part of the Topical Discussion category on Politics.ie . This is very bad news for FF /Greens (CIF), expect them to come up with another scam to bail out ... (Mon, 16 Feb 2009 10:41:29 GMT)

FSA helps jail fraudulent mortgage broker
The FSA has revealed that its four-year investigation into a fraudulent mortgage broker has led to his arrest and imprisonment. ... (Mon, 16 Feb 2009 11:29:53 GMT)

Help on the way for the housing market?; Central Oregon has been hit particularly hard but seen little aid from ...
WASHINGTON — Each month, more than 100 people call the mortgage counselors at Redmond nonprofit NeighborImpact, seeking a way to avoid foreclosure and stay in their homes.There are a handful of federal programs designed to do just that, but not many people have been able to take advantage of them, said Kenny LaPoint, a NeighborImpact housing center specialist. How many, exactly? (Mon, 16 Feb 2009 12:08:24 GMT)

How many billions set for the "Home Choice Loan" scheme?
This is a discussion on How many billions set for the "Home Choice Loan" scheme? within the Economy forums, part of the Topical Discussion category on Politics.ie . Fact I: We're pretty fanatical about cutting state spending here, everybody wants to slash all about them Fact II: Here's ... (Mon, 16 Feb 2009 12:26:37 GMT)

FSA bans broker for mortgage fraud
The Financial Services Authority (FSA) has today published a Final Notice banning mortgage broker Leo Kusi-Appiah, who was recently jailed after pleading guilty at St Albans Crown Court to obtaining property by deception in connection with mortgage fraud. (Mon, 16 Feb 2009 12:31:18 GMT)

Mortgage Broker Gets 4-Year Jail Term, Banned by FSA (Update1)
Feb. 16 (Bloomberg) -- A London mortgage broker received a jail sentence of four years and nine months for fraud and was banned by Britain’s financial regulator. (Mon, 16 Feb 2009 12:45:52 GMT)

London Mortgage Broker Gets 4-Year Jail Term, FSA Ban (Update2)
Feb. 16 (Bloomberg) -- A London mortgage broker who sent the U.K.’s financial regulator a “bizarre handwritten letter from Ghana” in an effort to evade authorities was sentenced to four years and nine months in jail for fraud. (Mon, 16 Feb 2009 13:46:23 GMT)

Large amount of Japanese Mortgage -Bond loans to mature next year
(RTTNews) - The number of maturing CMBS loans in Japan would reach 368, totaling JPY 3.4 trillion in the 2009-2012 period, the Moody's Investors Service revealed Monday. (Mon, 16 Feb 2009 14:48:11 GMT)

Mortgage rescues fail as price drops spur increase in defaults
The Obama Administration wants banks to offer loans with easier terms to more than 2 million borrowers in danger of defaulting on their mortgages, twice as many as 2008. That won’t stem the foreclosure crisis if prices keep falling. (Mon, 16 Feb 2009 15:44:43 GMT)

Fed’s Duke Says Economic Recovery Impeded by Mortgage Problems
Feb. 16 (Bloomberg) -- Federal Reserve Governor Elizabeth Duke said a recovery in the U.S. economy and financial system is being hindered by continuing problems in housing and mortgage markets. (Mon, 16 Feb 2009 15:52:40 GMT)

Refinancing: The Trend and How to Begin
With refinancing rates at a 37-year low, it’s no wonder thousands of Americans are rushing to refinance their homes. Mortgage refinancing applications are up 25.6% this month alone, and are at their highest volume since 2003, according to the Mortgage Banker’s Association. (Mon, 16 Feb 2009 16:40:38 GMT)

Are you re-negotiating your mortgage? Let us know!
Click here for more take KARE of your MONEY Are you currently trying to re-negotiate your mortgage to avoid foreclosure? Are you having difficulties getting help from (Mon, 16 Feb 2009 17:22:00 GMT)

30-year mortgage rates fall
McLEAN, Va. (AP) - Rates on 30-year-fixed mortgages fell last week, offering homeowners a chance to refinance their loans, Freddie Mac said Thursday. The average rate on a 30-year, fixed-rate mortgage dropped to 5.16 percent last week from 5.25 percent the previous week. (Mon, 16 Feb 2009 18:13:20 GMT)

Economic Update-Property Investors Now Looking for Bargains?
Commercial real estate is experiencing sluggish deal volumes, uncertain valuations and the gathering clouds of properties that need refinancing toward the end of this year and 2010--without the assurance that lenders will actually want to step forward and do those deals. (Mon, 16 Feb 2009 19:26:03 GMT)

Moishe Alexander and Canadian Funding Corporation Fund Milton Mortgage
Canadian Funding Corporation funds Milton Mortgage to LTV of 81.66%. This is one of several hundred deals closed by CFC in the past four years. (Mon, 16 Feb 2009 21:06:00 GMT)

How many billions set for the "Home Choice Loan" scheme?
This is a discussion on How many billions set for the "Home Choice Loan" scheme? within the Economy forums, part of the Topical Discussion category on Politics.ie . Originally Posted by Dios Seems a bit on the low side. Does that factor in local authority contributions as well, ... (Mon, 16 Feb 2009 22:26:39 GMT)

Nationwide Building Society slashes price of fixed rate mortgage deals
UK-based Nationwide Building Society has announced that it is cutting the price of its fixed rate mortgage deals by up to 0.20%. (Tue, 17 Feb 2009 01:34:58 GMT)

Obama May Press Banks to Cut Mortgage Payments
President Obama?s plan to reduce home foreclosures is expected to include subsidies for reducing a borrower?s interest rate, which a lender would have to match. (Tue, 17 Feb 2009 02:17:38 GMT)

What Obama's Foreclosure Rescue Plan Could Mean for Banks, Homeowners
The Obama administration is expected on Wednesday to announce an estimated $50 billion plan to prevent mortgage foreclosures. Some big banks are so strongly expecting this plan to help that they announced they would stop foreclosures until March 6 . (Tue, 17 Feb 2009 05:28:20 GMT)

Oak Tree mortgage fraud convictions grow
EDMOND — Another person involved in real estate and mortgage fraud in Edmond’s upscale Oak Tree neighborhood five years ago has been sentenced to federal prison.U.S. District Judge Joe Heaton sentenced William R. Nichols of Edmond to two years in federal prison and two years of supervised release in the fraudulent inflation of the purchase price of a home in Edmond’s Oak Tree addition so the ... (Tue, 17 Feb 2009 06:02:14 GMT)

Americas Watchdog Endorses American Interbanc As The Best Mortgage Lender In The US For 2009
Americas Watchdog is the premier organization in the US, devoted to protecting homeowners from predatory mortgage lenders, and or banks that gouge consumers, on a home loan, or refinance. (Tue, 17 Feb 2009 07:01:00 GMT)

Loan rates for agriculture have been reduced
MIDDLETOWN — The U.S. Department of Agriculture Rural Development agency is reducing its interest rate on direct home loans to 4.375 percent. (Tue, 17 Feb 2009 07:27:46 GMT)

Americas Watchdog Endorses American Interbanc As The Best Mortgage Lender In The US For 2009
Americas Watchdog is the premier organization in the US, devoted to protecting homeowners from predatory mortgage lenders, and or banks that gouge consumers, on a home loan, or refinance. For the third consecutive year, Americas Watchdog is endorsing American Interbanc as the absolute best mortgage lender in the United States, for individuals with very good credit, and or in the instance of ... (Tue, 17 Feb 2009 08:12:21 GMT)

Wayzata man gets 16 months for role in mortgage fraud scheme
A 25-year-old mortgage broker from Wayzata will spend the next 16 months in prison for his role in a mortgage fraud scheme. Johnny Phong Nguyen was sentenced Feb. 12 in federal court for one count of mail fraud and one count of money laundering. (Tue, 17 Feb 2009 08:32:53 GMT)

UK Jan. retail prices excld. Mortgage interest payments rise 2.4% y-o-y
(RTTNews) - UK Jan. retail prices excld. Mortgage interest payments rise 2.4% y-o-y (Tue, 17 Feb 2009 09:47:31 GMT)

Q: Can I deduct the points I paid on my mortgage?
A: The IRS advises that if you can deduct all of the interest on your mortgage, you may be able to deduct all of the points paid on the mortgage. (Tue, 17 Feb 2009 09:47:57 GMT)

Mortgage deal may hurt Dodd in 2010
Revelations about a sweetheart deal from Countrywide appear to have dented his popularity. (Tue, 17 Feb 2009 10:16:27 GMT)

Operation HOPE Mission to Deliver Practical Financial Literacy Focuses on Saving Homes
In an effort to save homeownership and the American dream during a time of crisis for many mortgage holders, Operation HOPE has fielded nearly 54,977 calls for assistance, saving 680 foreclosures through loan modification, refinance or no action agreements totaling more than $201 million in challenged mortgages through its Mortgage HOPE Crisis Hotline. (Tue, 17 Feb 2009 10:58:00 GMT)

The Mortgage Minefield
When taking out a mortgage in Russia, it is hard not to think of the worst-case scenario -- not being able to pay back the loan and losing the apartment to the bank. (Tue, 17 Feb 2009 10:58:10 GMT)

Why you can't get a loan
Bankers say they are lending but try telling that to consumers having difficulty getting approved for mortgages, credit cards or auto loans. (Tue, 17 Feb 2009 11:21:39 GMT)

Democrats in State House say 90-day stall on foreclosures would ease mortgage crisis
Michigan House Democrats were to announce a plan today requiring mortgage holders to wait 90 days before executing foreclosures. (Tue, 17 Feb 2009 12:22:21 GMT)

PRESS RELEASE: Fitch Cuts Ukraine Mortgage Loan Finance No 1
Fitch Ratings-London/Moscow-17 February 2009: Fitch Ratings today downgraded both classes of Ukraine Mortgage Loan Finance No. 1 Plc. The Outlooks are Negative. (Tue, 17 Feb 2009 12:34:09 GMT)

FLAC disappointed with new mortgage arrears code
The Financial Regulator's new code of conduct on mortgage arrears has been described as deeply disappointing by the organisation which represents Free Legal Advice Centres. (Tue, 17 Feb 2009 12:58:40 GMT)

Industry Insider Tips from Residential Finance Corp: Clean Up Your Credit--Take Advantage of Today's Lowest Mortgage ...
COLUMBUS, Ohio----Many homeowners are anxiously seeking refinancing to escape high payments and scaling adjustable rate mortgages but get stopped cold by credit issues. Although mortgages are available at historically low interest rates, lenders have raised their credit criteria, making it difficult or nearly impossible for many homeowners to escape from potentially devastating financial ... (Tue, 17 Feb 2009 13:00:00 GMT)

Westpac in loan bungle
WESTPAC Banking Corporation admitted last night it had unfairly denied customers a special "fixed rate" home loan offer that was marketed throughout Australia in December. (Tue, 17 Feb 2009 13:00:00 GMT)

Refinancing: Where to Get Started
With thousands of homeowners running to refinance their mortgages, it seems like finding a deal and getting started would be easy. However, finding the right resources and the right people to take care of your refinance can be difficult. (Tue, 17 Feb 2009 13:41:28 GMT)

Don't Ditch That ARM Just Yet
A rate reset on an adjustable-rate mortgage can be stressful. But thanks to historically low interest rates, there's a good chance your rate will actually go down if it's scheduled to reset in the next few months. (Tue, 17 Feb 2009 14:15:41 GMT)

Mortgage rates drop but stay above 5 percent
The average interest rate for a 30-year fixed-rate mortgage dropped last week, after several weeks of increases, according to real estate Web site Zillow.com. (Tue, 17 Feb 2009 14:38:09 GMT)

Central Bank freezes home loan rate
MUMBAI: Taking a cue from SBI, leading state-owned lender, Central Bank, on Monday said it was freezing the interest rate for new home loans at eight per cent for a period of one year. (Tue, 17 Feb 2009 14:40:02 GMT)

Central Bank freezes home loan rate
Central Bank, on Monday said it was freezing the interest rate for new home loans at eight per cent for a period of one year. (Tue, 17 Feb 2009 14:40:13 GMT)

Obama Details Mortgage Mitigation Plan Wednesday
Obama Details Mortgage Mitigation Plan Wednesday (Tue, 17 Feb 2009 14:56:04 GMT)

PNC halts mortgage foreclosures
PNC Financial Services Group, the nation's fifth largest bank and the biggest in Pennsylvania, today announced a moratorium on new and pending home mortgage foreclosures. (Tue, 17 Feb 2009 16:05:17 GMT)

Barclays shuts U.S. mortgage arm EquiFirst
Barclays has shut its U.S. mortgage origination business EquiFirst less than two years after buying the business, the British bank said on Tuesday. (Tue, 17 Feb 2009 17:08:00 GMT)

Mortgage issues
Your mortgage questions tackled by a specialist (Tue, 17 Feb 2009 17:21:46 GMT)

Barclays says shutting US mortgage lender EquiFirst
British bank Barclays said Tuesday that it has closed US subprime mortgage lending unit EquiFirst Corp. with immediate effect, citing current market conditions. (Tue, 17 Feb 2009 18:15:00 GMT)

Barclays says shutting US mortgage lender EquiFirst
Barclays said Tuesday that it has closed US subprime mortgage lending unit EquiFirst Corp. with immediate effect, citing current market conditions. (Tue, 17 Feb 2009 18:30:26 GMT)

FHLBank Pittsburgh suspends program for first-time home buyers
Federal Home Loan Bank of Pittsburgh has suspended its First Front Door Program because it is does not yet “have a final picture of our year-end results,” President and CEO John Price told community partners including home builders, affordable housing advocates and legislators in a letter last Thursday. (Tue, 17 Feb 2009 18:40:53 GMT)

Central Bank freezes home loan rate
MUMBAI: Central Bank is freezing the interest rate for new home loans at eight per cent for one year. The scheme, which will be applicable for all loans taken till March 31, is aimed at pushing credit flow to the housing sector, bank’s ... (Tue, 17 Feb 2009 19:21:01 GMT)

Judge denies McFadden-Weaver's appeal request in mortgage fraud case
A federal judge today denied a former Kansas City councilwoman’s request to allow her to appeal her mortgage fraud convictions. (Tue, 17 Feb 2009 19:48:40 GMT)

Bank awards Minn. non-profits $6.3M to help home buyers
Minnesotans who want to buy a foreclosed home could get financial help from a grant and loan program. (Tue, 17 Feb 2009 20:18:47 GMT)

Barclays Shutters Mortgage Arm EquiFirst
NEW YORK/LONDON, Feb 17 (Reuters) - Barclays Plc has shut its U.S. mortgage origination business EquiFirst less than two years after buying the business, the British bank said on Tuesday. (Tue, 17 Feb 2009 20:20:50 GMT)

Penning places fifth on bars at Mid-State meet
Kyja Penning's fifth-place 8.60 on uneven parallel bars led the Park Rapids-Nevis gymnastics team at Saturday's Mid-State Conference meet at Perham. Advertisement: Northwoods Bank of Minnesota Low Rates - Fast Approval - Refinance Today! Take advantage of the low rates and refinance your mortgage today! Contact your Northwoods Bank lending center for more details! (Tue, 17 Feb 2009 20:23:48 GMT)

Akeley takes the plunge for Audrey's Purple Dream
Akeley's Answer to Cancer - Audrey's Purple Dream - generated a notable turnout on the ice Saturday, fishing lines and bodies dropping into the lake to raise a grand total of $9,000 for the cause. Advertisement: Northwoods Bank of Minnesota Low Rates - Fast Approval - Refinance Today! Take advantage of the low rates and refinance your mortgage today! Contact your Northwoods Bank ... (Tue, 17 Feb 2009 21:08:21 GMT)

MGIC, PMI Lead Mortgage Insurers Lower After Moody’s Downgrade
Feb. 17 (Bloomberg) -- MGIC Investment Corp . and PMI Group Inc. led mortgage insurers lower in New York trading after Moody’s Investors Service downgraded six companies that sell the protection to home lenders. (Tue, 17 Feb 2009 21:11:22 GMT)

MGIC Leads Mortgage Insurers Lower After Downgrade (Update1)
Feb. 17 (Bloomberg) -- MGIC Investment Corp . and PMI Group Inc. led mortgage insurers lower in New York trading after Moody’s Investors Service downgraded six companies that sell the protection to home lenders. (Tue, 17 Feb 2009 21:31:50 GMT)

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