Mortgage News May 2009

Feb 2012 | Jan 2012 | Dec 2011 | Nov 2011 | Oct 2011 | Sep 2011 | Aug 2011 | Jul 2011 | Jun 2011 | May 2011 | Apr 2011 | Mar 2011 | Feb 2011 | Jan 2011 | Dec 2010 | Nov 2010 | Oct 2010 | Sep 2010 | Aug 2010 | Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010 | Feb 2010 | Jan 2010 | Dec 2009 | Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 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

Previous 1 2 3 4 5 6 7 Next

City Bank Announces 1st Quarter 2009 Results and Home Sales Through April 30, 2009
LYNNWOOD, Wash.----City Bank today announced a net loss of $8.02 million for the quarter ended March 31, 2009, or $.51 per diluted share. The primary causes for the net loss were the reduced interest income related to nonperforming assets, a provision for loan losses of $5.63 million, and expenses of $5.00 million relating to these assets in the first quarter of 2009. (Mon, 11 May 2009 09:00:00 GMT)

Mortgage stress for householders
More than 1.3 million households are suffering mortgage stress despite low interest rates, a new survey has found. (Mon, 11 May 2009 09:35:16 GMT)

FSA bans and fines mortgage broker £100,000
The FSA has banned an Essex mortgage broker and fined him £101,279 for submitting a fraudulent mortgage application. ... (Mon, 11 May 2009 09:51:56 GMT)

IPPR calls for mandatory mortgage lending guidelines
The Institute for Public Policy Research says the collapse of the housing market was largely caused by reckless lending behaviour of mortgage lenders and calls for a strict adherence to lending guidelines in the future. ... (Mon, 11 May 2009 09:52:02 GMT)

Building wealth as rates fall down
When interest rates are low – particularly now with the Bank of Canada benchmark rate pegged at an historic low of .25 basis points – many think they should refinance their mortgage. This isn't surprising, since a home is the largest purchase most people ever make, with borrowed money in most cases. (Mon, 11 May 2009 10:36:50 GMT)

Biggest Mortgage Lenders
As residential originations have soared, one mortgage lender was able to leverage an acquisition from last year to grab a bigger share of the market, according to a MortgageDaily.com lending analysis. (Mon, 11 May 2009 11:00:00 GMT)

FSA bans and fines mortgage broker £101, 279 for fraud
The Financial Services Authority (FSA) has banned a mortgage broker and fined him £101,279 for submitting a fraudulent mortgage application and for concealing a fraud conviction when applying to the FSA for approval as a director. (Mon, 11 May 2009 11:11:39 GMT)

Mortgage DA figures plummet
More than 300 directly authorised mortgage brokers left the industry in the first three months of this year, according to the latest FSA figures. ... (Mon, 11 May 2009 12:06:50 GMT)

Rural homeowners eligible for home repair loans
Federal money is available for low-income rural homeowners wishing to make home repairs but unable to qualify for a loan. (Mon, 11 May 2009 13:17:27 GMT)

Treasuries Gain as Fed to Buy Debt Amid Rising Mortgage Rates
May 11 (Bloomberg) -- Treasuries rose as the Federal Reserve readied the first of three buybacks of U.S. debt this week amid speculation the central bank will increase its purchases as rising yields send mortgage rates above 5 percent. (Mon, 11 May 2009 13:52:55 GMT)

New FICO site helps borrowers seeking loan modifications
The joint state and federal crackdown on outfits that fail to deliver on promises to help troubled homeowners negotiate loan modifications should be enough to scare the dickens out of anyone who is considering third-party interventions. (Mon, 11 May 2009 13:55:17 GMT)

Expert Group, Inc. Welcomes 3 New Loan Officers
Expert Group, Inc. is proud to welcome 3 new Loan Officers to the Expert Family, Dionne Grace, Maylin Marrero and Susan Gonzalez. (Mon, 11 May 2009 14:30:00 GMT)

Expert Group, Inc. Welcomes 3 New Loan Officers
MIAMI, FL--(Marketwire - May 11, 2009) - Expert Group, Inc. ( PINKSHEETS : EXPT ) is proud to welcome 3 new Loan Officers to the Expert Family, Dionne Grace, Maylin Marrero and Susan Gonzalez. Dionne Grace has worked for Countrywide Home Loans and Wells Fargo and has 10 year of experience. She is bringing her account manager knowledge to help the company recruit new loan officers as well as ... (Mon, 11 May 2009 14:40:00 GMT)

Statement: Minister Van Loan Pays Tribute to Canada's Police on the Occasion of National Police Week
OTTAWA, ONTARIO--(Marketwire - May 11, 2009) - The Honourable Peter Van Loan, Minister of Public Safety, today paid tribute to Canada's police forces from coast to coast on the occasion of National Police Week - May 10 to May 16, 2009. "Keeping communities safe is a commitment our government has made to the citizens of Canada. We cannot do it alone. The dedicated men and women of federal, ... (Mon, 11 May 2009 15:07:47 GMT)

A10 Capital Launches Lending Group to Fund First Mortgage Commercial Real Estate Loans
BOISE, Idaho----A10 Capital, a fully integrated firm that finances commercial real estate and provides services to resolve troubled assets, announced today the establishment of its Lending Group to originate first mortgage commercial real estate loans and provide financing to investors for distressed debt purchases secured by commercial real estate. (Mon, 11 May 2009 15:25:00 GMT)

Bill would spend $532 million to fight mortgage fraud
In a move that received little notice, Congress may soon be sending to President Obama a bill to direct $532 million to investigate mortgage and securities fraud. (Mon, 11 May 2009 15:41:00 GMT)

Robinson Home Products expanding
A new deal for Robinson Home Products Inc. will see the local manufacturer adding more jobs and, potentially, seeing its revenues double. (Mon, 11 May 2009 16:09:49 GMT)

Treasuries Gain as Fed Buys Debt Amid Rising Mortgage Rates
May 11 (Bloomberg) -- Treasuries rose as the Federal Reserve bought $3.51 billion of U.S. debt amid speculation the central bank will increase its purchases as rising yields send mortgage rates above 5 percent. (Mon, 11 May 2009 16:37:17 GMT)

Massachusetts, Goldman in $60 million subprime accord
Goldman Sachs Group Inc agreed to pay up to $60 million to settle a Massachusetts probe into whether its subprime mortgage securitization business had encouraged unfair loans, state officials said on Monday. (Mon, 11 May 2009 18:10:39 GMT)

Gujarat NRE Coke arm gets $50 m loan
KOLKATA: Gujarat NRE Minerals (GNM), an Australian subsidiary of Gujarat NRE Coke, has negotiated and secured a $50 million long-term loan facility with the help of its parent company Gujarat NRE Coke as a guarantor. The facility is sanctioned ... (Mon, 11 May 2009 19:54:41 GMT)

Federal Home Loan Bank of San Francisco Now Accepting Applications from Member Financial Institutions for $1 Million ...
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco is now accepting applications for its 2009 Access to Housing and Economic Assistance for Development Program, which allows members of the Bank to support economic and housing projects during their critical conception and early development stages. (Mon, 11 May 2009 20:22:00 GMT)

Ex-mortgage employees to divide $2.7M
About 1,650 former employees of Mortgage Lenders Network, including about 90 in Horsham, will divide a $2.7 million settlement from their now bankrupt employer. (Mon, 11 May 2009 20:30:56 GMT)

NOVA Home Loans Launches Mortgage Protection Plan That Offers Safety Net for Consumers
NOVA Home Loans proudly announces the launch of its SafeHouse Mortgage Protection Plan. In today's economic landscape, many are interested in buying or refinancing a home, but are concerned that their jobs may not be secure. (Mon, 11 May 2009 20:48:00 GMT)

Florida mortgage broker indicted on ET fraud charges
GREENEVILLE, Tenn. -- A Florida mortgage broker involved in real estate in Green County has been indicted on wire fraud, bank fraud and money laundering charges. (Mon, 11 May 2009 20:58:42 GMT)

PNC Financial to add 400 jobs at mortgage center in Downers Grove
PNC Financial Services Group Inc., will receive $6.2 million in incentives to base a major residential mortgage banking center in Downers Grove, a move that will create 400 jobs and retain 72 of the company's existing jobs in Du Page County. (Mon, 11 May 2009 21:07:39 GMT)

Will prequalifying for home loan hurt credit score?
Surf City mortgage broker explains how it works. (Mon, 11 May 2009 21:15:01 GMT)

Expert Group, Inc. Welcomes 3 New Loan Officers
MIAMI, FL--(Marketwire - May 11, 2009) - Expert Group, Inc. ( PINKSHEETS : EXPU ) is proud to welcome 3 new Loan Officers to the Expert Family, Dionne Grace, Maylin Marrero and Susan Gonzalez. Dionne Grace has worked for Countrywide Home Loans and Wells Fargo and has 10 year of experience. She is bringing her account manager knowledge to help the company recruit new loan officers as well as ... (Mon, 11 May 2009 21:37:47 GMT)

I want more handouts, says 18-year-old mother-of-three who left her £1m home for a Big Issue seller
I want more handouts, says 18-year-old mother-of-three who left her £1m home for a Big Issue seller (Mon, 11 May 2009 22:06:46 GMT)

Group Offers Free Mortgage Help
Banks that received billions of dollars in bailout money were supposed to use those funds to help homeowners stay in their homes, but some people say just the opposite has happened. (Mon, 11 May 2009 23:39:20 GMT)

US mortgage woes to continue
GLOBAL banking giant HSBC has offered a downbeat outlook for the US mortgage market, saying a slight improvement in bad loans isn't likely to last. (Tue, 12 May 2009 00:20:00 GMT)

You can pay off your mortgage faster without paying for the help
strong (Tue, 12 May 2009 01:07:43 GMT)

Metro Home Sales Creep Up
Des Moines area realtors credit federal tax credits for boosting home sales. (Tue, 12 May 2009 02:37:34 GMT)

Bakersfield Company accused of mortgage discrimination
The Federal Trade Commision is accusing Golden Empire Mortgage of discriminating against Hispanic clients. The Bakersfield based mortgage company denied the allegation. (Tue, 12 May 2009 02:38:10 GMT)

Mortgage broker fined £100,000
A mortgage broker who hid a criminal record and asked that regulators travel to Nigeria to interview him has been barred from practising and fined more than £100,000 ($151,000) by the City watchdog in a sign of its renewed determination to use hefty fines to deter wrongdoing. (Tue, 12 May 2009 02:46:14 GMT)

Westpac cuts mortgage rates, floating unchanged
Westpac has lowered its one year, 18 month, and two year mortgage rates, effective from tomorrow morning, but has again left its variable rate unchanged despite the 50 basis point cut in the Official Cash Rate on April 30. Westpac's... (Tue, 12 May 2009 03:02:23 GMT)

Overland Park is site of new mortgage firm
A new home mortgage firm is opening in Overland Park, taking advantage of the shakeout in the troubled financing industry and record-low interest rates. (Tue, 12 May 2009 03:18:16 GMT)

Australian Home Loans Rise 4.9% in March on Rate Cuts (Update2)
May 12 (Bloomberg) -- Australian home-loan approvals rose in March for a sixth month as government payments to first- time buyers and interest-rate cuts spurred demand. (Tue, 12 May 2009 03:29:44 GMT)

Convicted Felons Approved As Licensed Mortgage Brokers
You trust them with personal information and to help you buy your home. An exclusive NewsChannel5 investigation found bank robbers and identity thieves working in the mortgage business. Incredibly, they all received a license from the state.  (Tue, 12 May 2009 03:36:19 GMT)

$20,000 in stamps stolen to pay mortgage
Postal authorities say a Michigan postal worker has admitted to stealing some $20,000 worth of first-class stamps since September and trying to sell them to online auction-site customers to help pay his mortgage. (Tue, 12 May 2009 04:51:36 GMT)

Another home loan rate cut on cards?
Another home loan rate cut on cards? Your dream home may just become a tad cheaper very soon as pressure mounts on the government banks to cut interest rates as part of its special stimulus package. (Tue, 12 May 2009 05:42:35 GMT)

Merciless loan sharks kill child
LOAN shark enforcers are believed to have abducted and murdered three-year-old Lee Li Xuan in a fishing village in Perak, police said last night. The boys’s death by drowning is the most ruthless act on record by loan sharks. (Tue, 12 May 2009 05:43:10 GMT)

Mortgage company opens in Tarrytown
A new mortgage company in Tarrytown is finding that low interest rates are good for business. (Tue, 12 May 2009 06:44:24 GMT)

Watchdog Outlines Mortgage Regulation Plans
The financial watchdog is outlining how it might crack down on mortgage lending. (Tue, 12 May 2009 07:42:48 GMT)

Watchdog Outlines Mortgage Regulation Plans
The Financial Services Authority (FSA) is holding a mortgage conference in which it will outline the areas where it thinks change is necessary. (Tue, 12 May 2009 07:42:48 GMT)

State, bank settle mortgage issue
Homeowners with subprime mortgages that are now owned or serviced by Goldman Sachs may get some relief under a deal the investment bank made to avoid a lawsuit from the state. (Tue, 12 May 2009 09:09:51 GMT)

Co-signing a loan can be calamitous
Leave emotion out of it when you decide to co-sign a loan. The real question is: Can I afford it? (Tue, 12 May 2009 10:00:00 GMT)

Australia Extends First-Time Home Buyers' Grant for Six Months
May 12 (Bloomberg) -- Australia's government will extend cash handouts for first-time home buyers by six months to bolster the housing market and help an economy that has sunk into its first recession in two decades. (Tue, 12 May 2009 10:01:42 GMT)

Variety of mortgage products down almost 50%
The number of mortgage products being offered on the Irish market has fallen by almost 50% in the last year. (Tue, 12 May 2009 10:55:07 GMT)

Lord Turner addresses FSA mortgage conference
Lord Turner, chairman of the Financial Services Authority (FSA), today set out the complexities and challenges in the mortgage market that need to be considered as part of the regulatory reform that will be announced later this year by the FSA. (Tue, 12 May 2009 11:26:29 GMT)

The mortgage market: Issues for debate
Today’s conference brings together a wide range of people – from the industry and from consumer representatives – interested in the mortgage market, and at a time when the problems of the mortgage market and the housing market are very much to the fore. (Tue, 12 May 2009 11:26:39 GMT)

Know money goals before you refinance
Dear Dr. Don, We owe about $407,000 on a 30-year, fixed-rate mortgage at 5.75 percent. In addition, we have a $175,000 home equity loan for seven years at 0.25 percent less than the prime rate. Our home recently appraised at $800,000. (Tue, 12 May 2009 11:42:26 GMT)

Importance of Real Estate Agent in Buying a Miami Real Estate Home
Purchasing a home is your most important investment so you have to be sure that you are getting the right one and the one the fits your needs and wants. In searching for a home you have to be sure that buying one for yourself will be successful. (Tue, 12 May 2009 11:47:52 GMT)

FSA's Turner highlights complexities in mortgage product regulation
FSA chairman Lord Adair Turner today highlighted the complexities of product regulation in the mortgage market in a speech at the FSA mortgage conference. ... (Tue, 12 May 2009 12:06:51 GMT)

PNC gets aid for Downers Grove mortgage center
Illinois to provide $6.2 million in incentives to PNC for mortgage center in Downers Grove Illinois officials on Monday announced that lender PNC Financial Services Group Inc. will receive $6.2 million in incentives to base a residential mortgage banking center in Downers Grove, a move that will create 400 jobs and retain 72 of the company's existing jobs in DuPage County. (Tue, 12 May 2009 12:37:59 GMT)

Trial set for June in alleged mortgage scheme
GRAND JUNCTION, Colo.—A Weld County developer is headed to trial on charges connected to an alleged mortgage fraud scheme. (Tue, 12 May 2009 15:14:56 GMT)

Man gets 46 months for mortgage fraud
BALTIMORE — A real estate agent whose Gambrills home was once known for raucous parties was sentenced yesterday to almost four years in federal prison for a scheme to defraud mortgage lenders out of about $3 million. (Tue, 12 May 2009 15:25:37 GMT)

Mailman allegedly stole stamps for mortgage
Authorities say a rural postal carrier in suburban Detroit stole and sold stamps worth nearly $20,000 because he was behind on his mortgage. (Tue, 12 May 2009 15:29:21 GMT)

Federal Agricultural Mortgage, STEC and O'Charley's lead small-cap percentage gainers
Federal Agricultural Mortgage Corp. , STEC Inc. and O'Charley's Inc. are among the biggest percentage gainers in Tuesday's trading among companies with... (Tue, 12 May 2009 16:41:25 GMT)

Home sales on the rise, percentage of foreclosures down
Local home sales are picking up, while the percentage of foreclosed homes among those sales is dropping, according to the Realty Studies department at Arizona State University. (Tue, 12 May 2009 16:49:32 GMT)

H.B. home loan 'abuse': 'So many you can't believe it'
It takes no time for blogger to find some 'ATM' houses. (Tue, 12 May 2009 16:57:17 GMT)

Green River Mortgage settles with state
Green River Mortgage LLC and its president, Dimitry Yakubovich, have settled a lawsuit alleging deceptive advertising and sales practices, Colorado Attorney General John Suthers said Tuesday. (Tue, 12 May 2009 17:38:18 GMT)

Home sales increase, median price down
The Valley’s existing home market featured higher sales but mostly lower median prices last month, according to the latest existing home sales report from Arizona State University’s Realty Studies Department. (Tue, 12 May 2009 17:59:31 GMT)

Mortgage Rate Search
This is the daily overnight average for a 30-year fixed mortgage. A frustrated refinancer asks what pool mortgage insurance is; bankers gloat over defeat of cramdown. (Tue, 12 May 2009 18:27:27 GMT)

"Sickly" market sparks commercial mortgage feud
As the market for U.S. office, retail and apartment building loans heads south, investors in commercial mortgage-backed securities and servicers of the loans are feuding over how to best save their skins. (Tue, 12 May 2009 19:13:34 GMT)

Tata Steel UK to prepay 200 million pound of Corus loan
Tata Steel on Tuesday said there was sufficient liquidity at its U.K. operations and it planned to prepay 200 million pound out of its loan taken for acquisition of Anglo-Dutch steel major ... (Tue, 12 May 2009 19:33:04 GMT)

Mortgage rescue claim is rejected
A woman from Somerset described as the "perfect candidate" is rejected by the government mortgage rescue scheme (Tue, 12 May 2009 19:48:01 GMT)

Homebuyers face FSA limits on mortgage size to income
Homebuyers may have the size of their mortgage limited to a multiple of their income under possible reforms outlined by the Financial Services Authority on Tuesday. (Tue, 12 May 2009 20:12:45 GMT)

Mortgage giant Freddie Mac seeks US$6.1B in aid after first-quarter loss
WASHINGTON - Mortgage giant Freddie Mac is looking for US$6.1 billion in additional U.S. government aid as the cost to taxpayers from the housing (Tue, 12 May 2009 21:23:34 GMT)

Freddie Mac seeks $6.1B in US aid after 1Q loss
Mortgage giant Freddie Mac is looking for $6.1 billion in additional government aid as the cost to taxpayers from the housing market bust keeps growing. (Tue, 12 May 2009 21:51:01 GMT)

Mortgage giant Freddie Mac seeks US$6.1B in aid after first-quarter loss
WASHINGTON - Mortgage giant Freddie Mac is looking for US$6.1 billion in additional U.S. government aid as the cost to taxpayers from the housing market bust keeps growing. (Tue, 12 May 2009 23:15:00 GMT)

Loan program aims to help residents with home repairs
EDISON — Mayor Jun Choi recently announced plans to grant low-interest loans to residents in the Clara Barton area of town so that they can make home improvements. The program is a joint partnership with Provident Bank, which will be the exclusive provider of the loans to those who are qualified for them. (Tue, 12 May 2009 23:16:50 GMT)

MARTIN SAMUEL: Loan strangers make a mockery of the game
MARTIN SAMUEL: Loan strangers make a mockery of the game (Tue, 12 May 2009 23:48:33 GMT)

City might forgive loan to Arlington Housing Options
City might forgive loan to Arlington Housing Options (Wed, 13 May 2009 01:19:48 GMT)

Credit Suisse Loan to Resort Loses Payback Priority (Update2)
May 12 (Bloomberg) -- Credit Suisse Group AG , owed $309 million by the bankrupt Yellowstone Club, lost its place in a line of creditors after a U.S. bankruptcy judge found the Swiss bank made a “predatory” loan to the club. (Wed, 13 May 2009 01:26:21 GMT)

Man gets 46 months for mortgage fraud
BALTIMORE — A real estate agent whose Gambrills home was once known for raucous parties was sentenced yesterday to almost four years in federal prison for a scheme to defraud mortgage lenders out of about $3 million. (Wed, 13 May 2009 01:59:11 GMT)

Mortgage rates too high: RB
It is disappointing that banks have not dropped mortgage rates further as more people face loan defaults in the coming year, Deputy Reserve Bank Governor Grant Spencer said. (Wed, 13 May 2009 04:08:36 GMT)

5/12/09 - High School Sports Roundup
With mortgage rates still near historic lows, now may be a good time to refinance. Fixed rates as low as 6.0%. *See terms. Full Story ›› Find out what a sputtering economy and an increasingly difficult to crack job market means to you. (Wed, 13 May 2009 04:28:10 GMT)

Real Estate Marketing Website YourKasa.com Now Provides Refinancing and Second Mortgage Services to Homeowners
Competitive Deals and Better Rates Highlight YourKasa's Ability to Help Consumers on the Brink of Foreclosure (Wed, 13 May 2009 07:01:00 GMT)

VA Loan Desk Launches War Blog For War Veterans and Creates an Online Controversy
VA Loan Desk is not only giving our Veterans a leg up when they need to purchase a new home but also giving Veterans a place to meet and share their stories. (Wed, 13 May 2009 07:01:00 GMT)

AG settles lawsuit over deceptive mortgage deals.
Colorado Attorney General John Suthers announced Tuesday the settlement of a lawsuit against a mortgage broker for deceptive advertising and sales practices. (Wed, 13 May 2009 07:18:14 GMT)

Credit Suisse Loses Payback Priority on ‘Predatory’ Club Loan
May 13 (Bloomberg) -- Credit Suisse Group AG made a “predatory” loan to the bankrupt Yellowstone Club and therefore lost its place in a line of creditors for the $309 million the club owes it, a U.S. bankruptcy judge ruled. (Wed, 13 May 2009 07:33:21 GMT)

Paying off mortgage early is a mixed bag
Q: I am 60 years old, married and have been retired several years. We don't have tons of money. What is the common theory on paying off one's mortgage early? My mortgage rate is 5.875 percent. I have about $100,000 remaining and no other real debt. (Wed, 13 May 2009 07:34:46 GMT)

Mortgage borrowers 'will avoid repeat of 1990s crisis'
Mortgage borrowers are unlikely to face repayment problems on the scale seen in the recession of the early 1990s the head of the FSA has said. (Wed, 13 May 2009 09:14:48 GMT)

Kenny Jackett hoping on-loan James Henry can sign off in style
Kenny Jackett has admitted on-loan striker James Henry faces play-off final heartbreak, even if Millwall beat Leads to reach the Wembley showpiece. (Wed, 13 May 2009 09:16:34 GMT)

FTC Alleges That Mortgage Lender Charged Hispanics Higher Prices for Loans
The Federal Trade Commission has charged a home mortgage lender and its owner with violating federal law by charging Hispanic consumers higher prices for mortgage loans than non-Hispanic white consumers – price disparities that cannot be explained by the applicants’ credit characteristics or underwriting risk. (Wed, 13 May 2009 10:56:25 GMT)

US MBA Mortgage Survey Snapshot
WASHINGTON (Dow Jones)--Following is data from the Mortgage Bankers Association of America's weekly mortgage application survey, released Wednesday. (Wed, 13 May 2009 11:03:48 GMT)

US MBA Mortgage Survey Table Of Current Interest Rates
Change in Contract Rate (bps) Effective Total Contract 1 Week 4 Weeks 1 Year Rate Points Rate Ago Ago Ago 30-Year Fixed 5.00 1.18 4.76 -3 7 -106 15-Year Fixed 4.77 1.08 4.50 -7 4 -88 ARM, 1-Yr Tsy 6.44 0.11 6.41 5 19 -19 FHA 203 (b) 5.10 1.24 4.89 0 7 -99 All rates except FHA 203(b) are for 80% loan-to-value mortgage. (Wed, 13 May 2009 11:04:31 GMT)

Week-to-week mortgage applications down 8.6%: MBA
Mortgage refinance activity slows after peaking in the middle of April, while applications for mortgages to buy homes remain steadily on the rise, Mortgage Bankers Association data show. Overall, application volumes are down 8.6% in the week ended May 8 compared to the prior week, while rates charged on fixed-rate loans move lower on the week. (Wed, 13 May 2009 11:22:33 GMT)

U.S. MBA Mortgage Applications Index Fell 8.6 Percent Last Week
May 13 (Bloomberg) -- Mortgage applications in the U.S. fell last week to the lowest level since March as homeowners slowed refinancing and purchases were little changed. (Wed, 13 May 2009 11:23:59 GMT)

Mortgage applications fall
Requests for home loans edges higher but overall index declines as refinancing activity drops off. (Wed, 13 May 2009 12:17:51 GMT)

Mortgage Applications Slide Over 11 Percent As Refinancing Weakens
(RTTNews) - Industry data released on Wednesday showed that mortgage application volume slid over 8 percent last week, as refinance activity plunged over 11 percent. (Wed, 13 May 2009 13:24:02 GMT)

Jumbo Mortgage Market Is Holding Recovery Back, Realtors(R) Report
WASHINGTON, DC--(Marketwire - May 13, 2009) - Limited availability and unusually high interest rates in the jumbo loan market are adversely affecting the rest of the housing market. This is just one of the insights from recent National Association of Realtors® research on the Impact of the Jumbo Mortgage Credit Crunch , released today at the Realtors® Midyear Legislative Meetings & Trade Expo . (Wed, 13 May 2009 14:22:59 GMT)

St. Paul loan could encourage Cray to move to Galtier
The St. Paul Housing and Redevelopment Authority is scheduled on Wednesday afternoon to vote on a $400,000 forgivable loan to encourage Cray Inc. to move into the Galtier Plaza downtown. (Wed, 13 May 2009 14:28:23 GMT)

Loan alert: personal loans charging 8pc or less
Loan rates rose earlier this year but now that trend is changing. (Wed, 13 May 2009 14:29:28 GMT)

Edina Realty Mortgage gets new president
Edina Realty on Wednesday said it has promoted Joseph Brown to become president of the firm’s Edina Realty Mortgage business. (Wed, 13 May 2009 15:00:04 GMT)

Correction: Mortgage Applications Slide Over 8 Percent As Refinancing Weakens
(RTTNews) - (Correction: The original headline incorrectly said that applications fell over 11 percent.) Industry data released on Wednesday showed that mortgage application volume slid over 8 percent last week, as refinance activity plunged over 11 percent. (Wed, 13 May 2009 15:35:42 GMT)

Commercial mortgage originations fall in quarter
Commercial and multifamily mortgage loan originations plunge in first quarter. (Wed, 13 May 2009 16:23:13 GMT)

Yukon Liberals blast government after mortgage program runs dry
The Yukon's Opposition Liberals are demanding to know why the territorial government allowed its home ownership mortgage program to run out of money just three weeks into the new fiscal year. (Wed, 13 May 2009 16:54:44 GMT)

Debt-wary seek mortgage or income protection
Increasing numbers of people are seeking mortgage or income protection. Demand for both types of policy is "substantially up" at leading insurance brokerage Aon NZ. (Wed, 13 May 2009 17:09:29 GMT)

Mortgage rates too high: RB
It is disappointing that banks have not dropped mortgage rates further as more people face loan defaults in the coming year, Deputy Reserve Bank Governor Grant Spencer said. (Wed, 13 May 2009 17:10:16 GMT)

Mortgage activity declines in week
WASHINGTON, May 13 (UPI) -- The volume of applications for U.S. mortgages decreased last week, falling by a seasonally adjusted 8.6 percent, an industry group said. (Wed, 13 May 2009 17:47:50 GMT)

Administrator charged in loan forgery
Sharon Downing is accused of obtaining a home equity loan in her sister’s name. Read more at www.WISHTV.com (Wed, 13 May 2009 18:01:26 GMT)

Real Estate Marketing Website YourKasa.com Now Provides Refinancing and Second Mortgage Services to Homeowners
ATLANTA, GA – May 13, 2009 – YourKasa.com, a real estate marketing website providing informational and financial services to both buyers and sellers, is pleased to announce that it has added more lending companies to its ever-growing network of home lenders. (Wed, 13 May 2009 18:04:08 GMT)

US Geithner: Efforts To Combat Mortgage Fraud Starting To Work
WASHINGTON -(Dow Jones)- U.S. Treasury Secretary Timothy Geithner says he's starting to see evidence that a new multi-agency effort to combat a wave of mortgage-fraud and foreclosure-rescue scams is starting to work. (Wed, 13 May 2009 18:11:11 GMT)

Lower rates fuel mortgage boom
The rush by US homeowners to refinance mortgages at lower rates is creating a boom in the home lending business, prompting banks to hire thousands of new employees and put them to work on extra shifts to process mountains of paperwork. (Wed, 13 May 2009 18:46:33 GMT)

Mortgage rates too high
Banks must compete more aggressively over floating mortgage rates after the gap between them and the official rate blew out to record levels, the Reserve Bank says. (Wed, 13 May 2009 19:15:59 GMT)

Credit Suisse Loses Priority on ‘Predatory’ Loan (Update1)
May 13 (Bloomberg) -- Credit Suisse Group AG made a “predatory” loan to the bankrupt Yellowstone Club and therefore lost its place in a line of creditors for the $309 million the club owes it, a U.S. bankruptcy judge ruled. (Wed, 13 May 2009 19:24:03 GMT)

1Q Comml,Multifamily Mortgage Originations Down 70% On Year-MBA
First-quarter commercial and multifamily mortgage loan originations fell 70% from last year, and more than 25% from the previous quarter, as all categories saw declines. (Wed, 13 May 2009 20:26:11 GMT)

MP repays mortgage expense error
Former minister Elliot Morley says he repaid £16,000 he mistakenly claimed on expenses for a mortgage that did not exist. (Wed, 13 May 2009 21:06:21 GMT)

Mortgage claim MP under pressure
Gordon Brown is "very concerned" about ex-minister Elliot Morley, who admitted wrongly claiming for a paid-off mortgage. (Wed, 13 May 2009 21:14:34 GMT)

With interest rates near 5%,thousands of local homeowners are lining up to refinance their homes. But many are now ...
With interest rates near 5%, thousands of local homeowners are lining up to refinance their homes. But many are now learning they don't qualify and that can be costly. (Wed, 13 May 2009 21:16:26 GMT)

Banks announce cuts in mortgage rates
This morning sees some reductions to fixed-term mortgage rates - but not by very much. Kiwibank announced today it was cutting its six month and one year mortgage rates by 34 and 10 basis points (bps), respectively. Kiwibank's... (Wed, 13 May 2009 22:15:04 GMT)

Texan convicted in $12 million mortgage fraud
A broker has been convicted in a mortgage fraud scam that prosecutors in Houston say involved $12 million in fraudulently obtained loans. (Wed, 13 May 2009 22:37:13 GMT)

Mortgage rates too high
Banks must compete more aggressively over floating mortgage rates after the gap between them and the official rate blew out to record levels, the Reserve Bank says. (Wed, 13 May 2009 22:43:37 GMT)

Debt-wary seek mortgage or income protection
Increasing numbers of people are seeking mortgage or income protection. (Wed, 13 May 2009 22:44:19 GMT)

Tax credits push home buyer off fence
By Eve Mitchell STAFF WRITERWhen she started looking for a home last fall, Barbara Gundy considered a foreclosure, what with all the low prices for such properties. (Wed, 13 May 2009 23:17:14 GMT)

MP 'Claimed £16k For Non-Existent Mortgage'
In the latest in a string of revelations about MPs' expenses, the paper said the Labour MP for Scunthorpe had continued to claim mortgage interest for 18 months after the loan had been repaid. (Wed, 13 May 2009 23:20:29 GMT)

Dadi’s loan a write-off
Perth Glory striker Eugene Dadi has returned to WA a month earlier than expected after falling out with the coach of the European club where he was on loan. Dadi, who became a fan favourite at Glory (Thu, 14 May 2009 00:33:43 GMT)

Homeowners Could Delay Home Foreclosure
A bill in the Ohio legislature would put a six-month moratorium on home foreclosures. (Thu, 14 May 2009 01:05:00 GMT)

Congress passes three mortgage fraud bills
WASHINGTON -- Congress took actions on three bills last week responding to the mortgage crisis. (Thu, 14 May 2009 04:36:02 GMT)

Can't pay home loan EMI? Don't worry
Most developers charge 18 per cent annual penalty from defaulting customers. Over the past year, many people who had booked a home on installments have lost jobs or taken salary cuts. The past 6-9 months have seen many of them defaulting on payments. "The move to waive penalty on late payment is a smart move. This will provide customers the much-needed cushion at a time when a lot of them may ... (Thu, 14 May 2009 04:39:38 GMT)

10 Hurdles To Closing On A New Home
Having your home purchase offer accepted is like getting that runner's high during a marathon. But hold the Gatorade cooler - the property isn't yours just yet. (Thu, 14 May 2009 08:06:48 GMT)

Council offers to refinance Guyasuta Fire Department
In an eleventh-hour move, O'Hara Council has offered to refinance the hall owned by Guyasuta Volunteer Fire Department to keep the floundering group open.  read more » (Thu, 14 May 2009 08:20:29 GMT)

Ex-minister’s claim for mortgage is ‘the most disgusting yet’
The MPs' expenses scandal took its most serious turn yet today after a former minister admitted claiming £16,000 for a mortgage that did not exist. (Thu, 14 May 2009 08:26:41 GMT)

Ex-minister faces the sack over £16,000 'mistake' on mortgage that did not exist
Elliot Morley claimed £800 a month for a home in his Scunthorpe constituency, even though the mortgage had already been paid off. (Thu, 14 May 2009 08:36:53 GMT)

Obama administration to expand mortgage plan
The Obama administration is planning a morning announcement about new additions to its mortgage aid plan. (Thu, 14 May 2009 09:28:17 GMT)

FSA bans second mortgage broker in one week for fraud
The FSA has banned a second mortgage broker this week for mortgage fraud. ... (Thu, 14 May 2009 09:52:02 GMT)

Mortgage Rate Search
In an economic crisis, scam artists will naturally proliferate, and the current mortgage meltdown is no exception. Here are some quick suggestions homeowners can use to steer clear of fraudsters when facing foreclosure . (Thu, 14 May 2009 11:43:36 GMT)

Mortgage lending sees sharp rise in March
There was a sharp rise in mortgages for home loans in March according to the latest data from the Council of Mortgage Lenders (CML). (Thu, 14 May 2009 11:47:35 GMT)

City buys Senator mortgage
Comptroller Pratt says decision amounts to 'bailout' for failed business Despite the strong objections of Comptroller Joan M. Pratt, who described the deal as a "bailout" for a failed business and a continuing drain on public funds, Baltimore's spending panel voted Wednesday to purchase the mortgage on the ailing Senator Theatre. (Thu, 14 May 2009 11:50:37 GMT)

Obama administration to expand mortgage aid plan
WASHINGTON - The Obama administration is planning a morning announcement about new additions to its mortgage aid plan. The measures could help homeowners who don't qualify for other kinds of assistance. (Thu, 14 May 2009 11:58:29 GMT)

CDBG program helps Hopkins residents with home
Remodeling a home can be costly, but low- to moderate-income residents in Hopkins have an option for financial assistance. The city receives funds each year to operate its Housing Rehabilitation Loan and Grant Program. (Thu, 14 May 2009 13:26:16 GMT)

‘Drag Me to Hell’ Turns Home Lending Into Horror Show (Update1)
May 14 (Bloomberg) -- Sam Raimi is about to turn the U.S. housing collapse into a real horror show. The old woman puts a curse on the loan officer, played by Alison Lohman , condemning her to “a living nightmare” at the hands of demons seeking to drag her to the underworld where she will “burn in hell for eternity,” the site says. (Thu, 14 May 2009 13:32:20 GMT)

Brown suspends ex-minister Elliot Morley for non-existent mortgage claim
A former minister was suspended from the Parliamentary Labour Party today after it emerged that he had claimed £16,000 in Commons allowances towards a mortgage that he had already paid off. (Thu, 14 May 2009 13:43:39 GMT)

Freddie Mac 30-year Mortgage Rate Rises Slightly
Freddie Mac 30-year Mortgage Rate Rises Slightly (Thu, 14 May 2009 14:29:35 GMT)

9 investigated for mortgage rip-offs
CHICAGO (WBBM) -  The state of Illinois is investigating nine real estate and mortgage professionals who are allegedly responsible for ripping off at least three homeowners in the Chicago area. The people in trouble with the Illinois Department of Financial and Professional Regulation include a mortgage company owner.  Loan originators.  Real estate appraisers.  Real estate sales people. ... (Thu, 14 May 2009 15:08:01 GMT)

U.S. expands mortgage aid plan
The Obama administration expanded its $50 billion mortgage aid program today, announcing new measures that would help homeowners avoid a foreclosure if they don't qualify for other assistance. (Thu, 14 May 2009 15:24:54 GMT)

S&P Says CMBS Ratings May Suffer Amid Refinancing Woes
Standard & Poor's Rating Service said credit ratings on commercial mortgage- backed securities may suffer as the recession makes it difficult for borrowers to refinance balloon loans, especially in the near term. (Thu, 14 May 2009 15:26:21 GMT)

New mortgages, refinancing boost earnings for Bremer Bank
While much of the banking world has spent the past two weeks preoccupied with major institutions and their stress-test performance, St. Paul-based Bremer Bank was quietly posting a 20 percent first quarter earnings increase, sparked by — of all things — the residential mortgage business segment. (Thu, 14 May 2009 15:53:02 GMT)

55,000 helped by Obama mortgage rescue
More than 55,000 troubled homeowners have received loan modification offers under President Obama's foreclosure prevention program, officials said Thursday. (Thu, 14 May 2009 16:02:50 GMT)

Mortgage interest rates rise slightly
WASHINGTON, May 14 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages increased in the week ending May 14, the Federal Home Loan Mortgage Corp. said Thursday. (Thu, 14 May 2009 16:17:50 GMT)

Mortgage Originators Owe Big Bucks to Am Law Firms
Earlier this month two of the largest mortgage originators of the U.S. housing boom went belly up, filing for Chapter 11 protection from creditors after taking a twin pummeling by the housing slump and credit crisis. (Thu, 14 May 2009 16:38:00 GMT)

Forest City Enterprises, Federal Agricultural Mortgage and EnerSys lead small-cap percentage losers
Forest City Enterprises , Federal Agricultural Mortgage Corp. and EnerSys are among the biggest percentage losers in Thursday's trading among companies with... (Thu, 14 May 2009 16:52:29 GMT)

Treasury modifies housing rescue incentives
The U.S. Treasury Department on Thursday announced changes to encourage mortgage lenders to slash loan payments in the worst-hit markets and use so-called short sales to extract troubled home owners from unaffordable mortgages. (Thu, 14 May 2009 17:35:14 GMT)

OBAMA EXPANDS MORTGAGE AID PROGRAM
WASHINGTON -- The Obama administration expanded its $50 billion mortgage aid program on Thursday, announcing new measures that would help homeowners avoid a foreclosure if they don't qualify for other assistance. The new initiatives are expected to... (Thu, 14 May 2009 18:19:53 GMT)

City buys Senator mortgage
Comptroller Pratt says decision amounts to 'bailout' for failed business Despite the strong objections of Comptroller Joan M. Pratt, who described the deal as a "bailout" for a failed business and a continuing drain on public funds, Baltimore's spending panel voted Wednesday to purchase the mortgage on the ailing Senator Theatre. (Thu, 14 May 2009 18:42:50 GMT)

Amherst Securities Buys Subprime-Mortgage Bonds, Dobson Says
May 14 (Bloomberg) -- Amherst Securities Group, the mortgage-bond specialist that told clients to bet against subprime loans before the market collapsed two years ago, has spent about $150 million buying the securities. (Thu, 14 May 2009 19:22:22 GMT)

Home loan horror coming to movies
Home loan horror coming to moviesHome loan horror coming to movies (Thu, 14 May 2009 19:34:12 GMT)

Amherst Securities Buys Subprime-Mortgage Bonds, Dobson Says
May 14 (Bloomberg) -- Amherst Securities Group, the mortgage-bond specialist that told clients to bet against subprime loans before the market collapsed two years ago, has spent about $150 million buying the securities. (Thu, 14 May 2009 19:36:47 GMT)

Feds Expand Mortgage Rescue
The Obama administration expanded its $50 billion mortgage aid program on Thursday, announcing new measures that would help homeowners avoid a foreclosure if they don't qualify for other assistance. (Thu, 14 May 2009 19:40:01 GMT)

Previous 1 2 3 4 5 6 7 Next

---

Feb 2012 | Jan 2012 | Dec 2011 | Nov 2011 | Oct 2011 | Sep 2011 | Aug 2011 | Jul 2011 | Jun 2011 | May 2011 | Apr 2011 | Mar 2011 | Feb 2011 | Jan 2011 | Dec 2010 | Nov 2010 | Oct 2010 | Sep 2010 | Aug 2010 | Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010 | Feb 2010 | Jan 2010 | Dec 2009 | Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 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

online health insurance | realtor | vehicle donation information | long term elder care | pet loss site | skin care | find alternative medicine | here | gift | nightlife guide | online loan finder | cars | real estate builder | wedding service directory | cool UK site | click here | directory of realtors | security home | plastic surgery site | Bankruptcy Guide | accounting site | buy insurance | addiction treatment centers | mortgages | car rental site