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

'Slumdog' child star's home torn down
The 10-year-old child star of "Slumdog Millionaire" was awakened Thursday by a policeman wielding a bamboo stick and ordered out of his home. Minutes later it was bulldozed along with dozens of other shanties in the Mumbai slum he calls home. (Thu, 14 May 2009 20:01:33 GMT)

Federal mortgage aid program expanded
WASHINGTON — The Obama administration expanded its $50-billion mortgage aid program today, announcing measures that would help homeowners avoid a foreclosure if they don't qualify for other assistance. (Thu, 14 May 2009 20:44:31 GMT)

‘Drag Me to Hell’ Turns Home Lending Into Horror Show (Update2)
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 21:16:43 GMT)

With it being harder to qualify for a home loan, many residents are leasing.
Buy or rent? Valley residents adjust to housing market slump Since the rise in home foreclosures during the past couple of years, apartment complexes have continued to see an increase in occupancy. (Thu, 14 May 2009 22:45:30 GMT)

How to protect yourself in a mortgage modification
How to protect yourself in a mortgage modification (Fri, 15 May 2009 01:09:13 GMT)

PCLender.com Expands Sales and Marketing Team to Fuel Further Web-Based Mortgage Software Growth
HONOLULU - PCLender.com, the leader in enterprise, Web-based mortgage software , has announced the appointment of Paul Eckert to the new position of Sales and Marketing Manager Express Channel. (Fri, 15 May 2009 02:17:07 GMT)

A Bank Is Survived by Its Loans
One bank, World Savings, offered beguiling mortgages, with tiny payments until the loan balance was 25 percent greater than the home?s starting value. (Fri, 15 May 2009 02:55:03 GMT)

F-Rated N. Texas Mortgage Co. May Get Taxpayer $$$
A global financial giant is accused of running one of the worst mortgage companies in North Texas.  Knowing the history of Saxon Mortgage Services, the CBS 11 Investigators wanted to find out why the federal government is ready to shell out hundreds of millions of taxpayer dollars to the company. (Fri, 15 May 2009 03:23:57 GMT)

Obama administration expands mortgage-aid program
The Obama administration expanded its $50 billion mortgage-aid program on Thursday, announcing new measures that would help... (Fri, 15 May 2009 03:59:32 GMT)

Government expands its mortgage-aid program
The Obama administration expanded its $50 billion mortgage-aid program yesterday, announcing new measures that would help homeowners avoid a foreclosure if they don’t qualify for other assistance. The initiatives are intended to streamline the process of selling a home that is worth less than the mortgage, or transferring ownership of a home to the lender. (Fri, 15 May 2009 04:04:40 GMT)

Appraisal rules hit your wallet
WASHINGTON -- How about this scenario the next time you refinance or apply for a new mortgage: The real estate appraisal that used to cost you $325 now costs $450, even though the appraiser doing the work is getting only $175 or $200. (Fri, 15 May 2009 04:11:08 GMT)

Need a loan? First check your personal loan score
This central registry will help banks, financial institutions and non-banking finance companies get mortgage details of consumers before issuing loans against property. The personal loan score will provide details on the likelihood of customers becoming 91 days delinquent on a personal or consumer loan over the next 12 months. It will range between 300-900, indicating the levels of default. A ... (Fri, 15 May 2009 04:29:09 GMT)

Hospital loan speeds Fresno rail 'quiet zone'
With a Burlington Northern Santa Fe train blaring its horn in the background, the Fresno City Council accepted a $600,000 loan Thursday to speed plans for silencing train horns downtown and in an adjacent neighborhood. (Fri, 15 May 2009 04:31:24 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. (Fri, 15 May 2009 06:46:45 GMT)

Mortgage aid program is expanded
The Obama administration said Thursday its bold mortgage assistance program launched in March is helping thousands of borrowers, though some lenders are working faster than others. (Fri, 15 May 2009 07:11:30 GMT)

IL&P mortgage lending down 80% this year
Irish Life & Permanent says new residential mortgage lending this year is running at just one fifth of the levels seen in 2008. (Fri, 15 May 2009 07:12:12 GMT)

Mortgage lenders say UK repossessions up 23 pct
Home repossessions in the United Kingdom rose by 23 percent in the first quarter, but the trend appears to be less dire than previously forecast, the Council of Mortgage Lenders said Friday. (Fri, 15 May 2009 09:07:58 GMT)

Mortgage lenders say UK repossessions up 23 pct
Home repossessions in the United Kingdom rose by 23 percent in the first quarter, but the trend appears to be less dire than previously forecast, the Council of Mortgage Lenders said Friday. (Fri, 15 May 2009 09:15:27 GMT)

Ex-minister pays the price for ghost mortgage
Former minister Elliot Morley was suspended as a Labour MP today after it emerged he claimed £16,000 for a mortgage that did not exist. Gordon Brown used a speech to party members this afternoon to make the announcement. (Fri, 15 May 2009 09:36:09 GMT)

Thai c.bank wants "appropriate" loan rates -banker
BANGKOK, May 15 (Reuters) - The Bank of Thailand (BoT) is urging commercial banks to offer "appropriate" loan rates, a bank executive said on Friday, after they failed to match its aggressive interest rate cuts in their lending. (Fri, 15 May 2009 10:04:52 GMT)

Millionaire Tory MP who owns 24 homes claimed £100,000 in expenses... even though he doesn't have a mortgage
Millionaire Tory MP who owns 24 homes claimed £100,000 in expenses... even though he doesn't have a mortgage (Fri, 15 May 2009 10:24:03 GMT)

Home loans could turn into nightmare
HA NOI — Many commercial banks are offering to loan would-be buyers of apartments as much as 90 per cent of the purchase price repayable over 20 years. (Fri, 15 May 2009 10:26:25 GMT)

Appraisal rules hit your wallet
WASHINGTON - How about this scenario the next time you refinance or apply for a new mortgage: The real estate appraisal that used to cost (Fri, 15 May 2009 10:33:21 GMT)

Mortgage rates inch up
The average rate for a 30-year fixed-rate mortgage was 4.86 percent this week, up from 4.84 percent last week, mortgage giant Freddie Mac said Thursday. The average rate on a 15-year fixed-rate mortgage was 4.52 percent, up from 4.51 percent, and rates on five-year, adjustable-rate mortgages averaged 4.82 percent, down from 4.9 percent. One-year, adjustable-rate mortgages averaged 4.71 percent, ... (Fri, 15 May 2009 10:53:55 GMT)

Minister Van Loan to Discuss Security and Policing Issues Suring Visit to the United Kingdom
OTTAWA, ONTARIO--(Marketwire - May 15, 2009) - The Hon. Peter Van Loan, Minister of Public Safety, today announced details of his upcoming visit to the United Kingdom from May 15 - 20, during which he will hold a series of meetings with members of the British government, including the Rt. Hon. Jacqui Smith, Home Secretary and other officials. Minister Van Loan, along with RCMP Commissioner ... (Fri, 15 May 2009 13:20:41 GMT)

Variable or fixed: the loan dilemma
It takes a pretty brave home owner to bet on a rapid revival in the global economy. (Fri, 15 May 2009 14:09:43 GMT)

Federal Home Loan Bank of San Francisco Announces First Quarter Operating Results
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2009 was $123 million, compared with net income of $240 million for the first quarter of 2008. (Fri, 15 May 2009 14:27:00 GMT)

PCLender.com Expands Sales and Marketing Team to Fuel Further Web-Based Mortgage Software Growth
HONOLULU - PCLender.com, the leader in enterprise, Web-based mortgage software , has announced the appointment of Paul Eckert to the new position of Sales and Marketing Manager Express Channel. (Fri, 15 May 2009 14:34:08 GMT)

Ontario County’s mortgage taxes dip
County lawmakers think the number of refinancing homeowners bolstered the mortgage tax collected since October. (Fri, 15 May 2009 14:50:10 GMT)

Digital Risk helping restore the mortgage industry to health
ORLANDO, FL—Technology and hands-on expertise are helping rejuvenate the bad-loan plagued mortgage industry that caused so many of the current economic problems. (Fri, 15 May 2009 15:30:00 GMT)

New Mortgage Help Incentives Outlined
WASHINGTON (UPI) -- U.S. Cabinet officials revealed changes to a foreclosure prevention plan, such as incentives for lenders helping borrowers even if they lose their homes. (Fri, 15 May 2009 15:39:06 GMT)

Ohio, Ky. mortgage rates down over week
Mortgage rates declined slightly in Ohio and more sharply in Kentucky over the week, according to Zillow.com. (Fri, 15 May 2009 17:40:46 GMT)

Guest real estate column: Are you upside down on your mortgage?
If you are a homeowner who has found yourself trapped in a corner by inflated mortgage prices along with deflated housing values, there is a way out. It’s called a short sale, and it may be the solution you have been seeking. A short sale is the sale of a defaulted property, approved by the lender, for less than what is owed on the mortgage. (Fri, 15 May 2009 18:48:41 GMT)

Federal Home Loan Bank of Atlanta Announces First Quarter 2009 Operating Highlights
Federal Home Loan Bank of Atlanta today released the results for the quarter ended March 31, 2009. (Fri, 15 May 2009 19:34:00 GMT)

Federal Home Loan Bank of Indianapolis Announces 2009 First Quarter Dividends
INDIANAPOLIS, May 15, 2009 -- On May 13, 2009, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared dividends on B-1 and B-2 stock at annualized rates of 2.25% and 1.80%, respectively. (Fri, 15 May 2009 19:57:16 GMT)

A Reporter's Life Inside The Mortgage Meltdown
Several books have been published about the subprime crackup, the housing bubble and the financial meltdown, but Busted: Life Inside the Great Mortgage Meltdown by reporter Edmund Andrews is special. That's because as he was writing about the issue, he himself was sinking as fast as anyone. (Fri, 15 May 2009 20:17:35 GMT)

First Bancshares, Inc. Reports Prepayment of Federal Home Loan Bank of Des Moines Advances
MOUNTAIN GROVE, Mo.----First Bancshares, Inc. , the holding company for First Home Savings Bank , today announced that it has prepaid $19.0 million in advances from the Federal Home Loan Bank of Des Moines with a weighted average fixed rate of 5.75%. (Fri, 15 May 2009 20:46:00 GMT)

David Chaytor and the phantom £13000 mortgage claim: MPs' expenses
Labour backbencher is the second MP to be named as having made illegitimate mortgage claims. The MP for Bury North said that he had made an "unforgivable error". (Fri, 15 May 2009 21:12:33 GMT)

Mortgage rescue: Still more hurdles
Loan servicers are overwhelmed by the flood of applications. Mortgage investors are angry about a congressional bill prohibiting them from suing servicers that modify loans. Foreclosures are rising as unemployment soars. (Fri, 15 May 2009 21:32:41 GMT)

Second Labour MP claims for non-existent mortgage
A second Labour MP claimed thousands of pounds of taxpayers’ money for interest on a non-existent mortgage, it emerged tonight. (Fri, 15 May 2009 21:49:52 GMT)

New Appraisal Rules Come With Costs
How about this scenario the next time you refinance or apply for a new mortgage: The real estate appraisal that used to cost you $325 now costs $450, even though the appraiser doing the work is getting only $175 or $200. (Fri, 15 May 2009 22:03:35 GMT)

Home Loan Scheme Leaves Winnetka Family Homeless
The Arteaga family of Winnetka is now homeless after being scammed by a man who said he could modify their home loan. Of course with the family thinking this is a great opportunity in such hard times, they gave him their life savings of $12,000 in August to get the process started. (Fri, 15 May 2009 22:14:47 GMT)

Mortgage Plan Growing
The Obama administration's plan to help millions of troubled homeowners avoid foreclosure by reducing the size of their mortgage payments is just getting off the ground. (Fri, 15 May 2009 22:33:09 GMT)

MP 'Claimed For Non-Existent Mortgage'
David Chaytor admitted claiming £13,000 in interest payments for a mortgage that had already been repaid, said The Daily Telegraph. (Fri, 15 May 2009 23:19:01 GMT)

Gresham couple avoid suspected mortgage scam
GRESHAM, Ore. -- A mortgage scheme nearly snagged a Gresham couple. You’ve seen the foreclosure signs in nearly every neighborhood. (Sat, 16 May 2009 00:38:07 GMT)

MP David Chaytor admits £13,000 mortgage error as expenses crisis grows
A fresh wave of damaging allegations over MPs' lavish expenses lowered Westminster's reputation still further last night when it emerged that another Labour backbencher, David Chaytor, had wrongly claimed £13,000 in mortgage interest payments even though the loan had already been paid off. (Sat, 16 May 2009 01:41:47 GMT)

Fannie Mae and Freddie Mac's new rules are raising appraisal costs, critics say
The rules, intended to improve the accuracy of home valuations, push most large lenders to use third-party appraisal management companies. How about this scenario the next time you refinance or apply for a mortgage: The real estate appraisal that used to cost you $325 now costs $450, even though the appraiser doing the work is getting only $175 or $200. (Sat, 16 May 2009 01:55:39 GMT)

Congress passes three mortgage fraud bills
WASHINGTON -- Congress took actions on three bills last week responding to the mortgage crisis. (Sat, 16 May 2009 02:06:02 GMT)

How to find help for mortgage trouble
Maybe the mortgage-delinquency notices are just starting to arrive after a missed payment or two. Or maybe foreclosure is starting to look like a distinct possibility. (Sat, 16 May 2009 02:26:48 GMT)

Utah new home purchase grants are going fast
SALT LAKE CITY, Utah (ABC 4 News)-Get them while they last. The state is giving away $6,000 grants to help stimulate Utah's housing economy. But, Utah home loan purchase grants... (Sat, 16 May 2009 03:15:00 GMT)

Don't Refinance More Than You Can Handle
Q: With mortgage rates at record lows, I'm thinking of refinancing my 30-year, fixed-rate loan. The lender is recommending that I roll into the refi amount the balances I owe on my car and two credit cards. The advantages would be that they would be paid off, the interest rate would be lower than I'm paying on them and the interest would be tax-deductible. (Sat, 16 May 2009 03:55:47 GMT)

Green shoots of recession threatened by "greedy banks" raising mortgage rates
The green shoots of recession are being threatened by "greedy" banks and building societies that are putting up mortgage rates despite record low interest rates. (Sat, 16 May 2009 06:28:24 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. (Sat, 16 May 2009 06:51:08 GMT)

United Way to distribute emergency rent and mortgage funds
More than $42,000 worth of emergency rent and mortgage help will soon be available to local residents. (Sat, 16 May 2009 07:06:18 GMT)

MPs' expenses: Labour MP David Chaytor admits claiming thousands for non-existent mortgage
MPs' expenses: Labour MP David Chaytor admits claiming thousands for non-existent mortgage (Sat, 16 May 2009 08:41:55 GMT)

Should you skip your mortgage payment?
If you've been tempted to skip a few mortgage payments to try to convince your lender to modify your loan, you may want to resist that temptation. (Sat, 16 May 2009 09:03:58 GMT)

2nd British lawmaker suspended for mortgage claims
Britain's governing Labour Party suspended a second member of Parliament for claiming reimbursement for nonexistent mortgage payments, officials said Saturday, in a deepening scandal that has enraged the public. (Sat, 16 May 2009 11:36:28 GMT)

Texas AG sues mortgage rescue companies
HOUSTON -- Several foreclosure rescue companies have been sued by the state's top prosecutor, who accuses them of running mortgage rescue scams. (Sat, 16 May 2009 15:49:34 GMT)

Texas AG sues mortgage rescue companies
Associated Press - May 16, 2009 12:05 PM ET HOUSTON (AP) - The state's top prosecutor has sued several foreclosure rescue companies accusing them of running mortgage scams. (Sat, 16 May 2009 16:10:50 GMT)

Building wealth in a low interest-rate environment
(Special) - When interest rates are low - particularly now with the Bank of Canada benchmark rate pegged at an historic low of .25 basis points - many people automatically think they should refinance their mortgage. (Sat, 16 May 2009 17:46:03 GMT)

Another Labour MP suspended: Chaytor axed from party after claiming thousands for non-existent mortgage
David Chaytor is also facing a police fraud probe for claiming nearly £13,000 for a 'phantom' mortgage. (Sat, 16 May 2009 18:06:55 GMT)

Another Labour MP suspended: Chaytor axed from party after claiming thousands for non-existent mortgage
David Chaytor is also facing a police fraud probe for claiming nearly £13,000 for a 'phantom' mortgage. (Sat, 16 May 2009 18:51:53 GMT)

British MPs Suspended for Phony Mortgage $$$
Another British member of Parliament was suspended frmo his seat Saturday for making false claims for reimbursements on a mortgage that didn't exist, the latest fallout from a widedning scandal that has rocked the British government. (Sat, 16 May 2009 19:38:01 GMT)

2nd British lawmaker suspended for mortgage claims
Prime Minister Gordon Brown said Saturday that any lawmaker in his party who is found to have broken rules regarding their expense accounts must leave his government. (Sat, 16 May 2009 19:40:40 GMT)

2nd British Lawmaker Suspended for Mortgage Claims
2nd British lawmaker suspended for claiming on paid-off mortgage in deepening scandal (Sat, 16 May 2009 20:45:41 GMT)

Podcast Explains Reverse Mortgage Option for Older Homeowners
National Public Radio has created a podcast that examines how a reverse mortgage works. It covers the benefits for older homeowners, and explains the risks too. (Sat, 16 May 2009 23:28:02 GMT)

Fannie Mae and Freddie Mac's new rules are raising appraisal costs, critics say
The rules, intended to improve the accuracy of home valuations, push most large lenders to use third-party appraisal management companies. How about this scenario the next time you refinance or apply for a mortgage: The real estate appraisal that used to cost you $325 now costs $450, even though the appraiser doing the work is getting only $175 or $200. (Sun, 17 May 2009 00:17:56 GMT)

First-time homebuyer program mortgage rates lowered
PIERRE -- To continue making homeownership more affordable, the South Dakota Housing development authority (SDHDA) announced today that their 30-year mortgage interest rates have been lowered. The interest rate for starting step rate loans is now 3.5 percent. The 30-year fixed rate option was reduced to 4.5 percent and the fixed rate plus option, which included 3 percent cash assistance, was ... (Sun, 17 May 2009 02:09:17 GMT)

Man hurt in stabbing sentenced for mortgage fraud
A 52-year-old Temple Hills man, who his lawyers say is suffering from major nerve damage after he was nearly stabbed to death in September, was sentenced to nearly three years for his role in a $4 million mortgage fraud scheme. (Sun, 17 May 2009 02:14:55 GMT)

Tax Breaks for Refinancing
Are there any special tax breaks for people who refinance their mortgage this year? (Sun, 17 May 2009 04:00:00 GMT)

Chad Harris president-elect of state mortgage bankers
Chad Harris of Magna Bank in Chattanooga was recently elected president-elect of the Tennessee Mortgage Bankers Association. (Sun, 17 May 2009 04:04:43 GMT)

New rules raise appraisal rates
How about this scenario the next time you refinance or apply for a new mortgage: The real estate appraisal that used to cost you $325 now costs $450, even though the appraiser... (Sun, 17 May 2009 04:06:05 GMT)

AG files suit targeting mortgage rescue scams
Several foreclosure rescue companies have been sued by the state's top prosecutor, who accuses them of running mortgage rescue scams. Texas Attorney General Greg Abbott filed a lawsuit against Houston-based Excel Loss Mitigation Inc., United Servicing LLC and some related assets held by Bell Investments & Developments LLC and key directors Frank Bell, David Bell and David Espy. (Sun, 17 May 2009 04:48:40 GMT)

Refinance bid aids those caught short on value
The federal government's Home Affordable Refinance program is designed to help homeowners refinance their mortgages — even if they owe slightly more than the current value of their homes. (Sun, 17 May 2009 05:42:01 GMT)

Texas AG sues companies over mortgage rescue scams
HOUSTON (AP) - Several foreclosure rescue companies have been sued by the state's top prosecutor, who accuses them of running mortgage rescue scams. (Sun, 17 May 2009 06:30:10 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. (Sun, 17 May 2009 06:33:51 GMT)

Do the math: Costs of a home go far beyond just the mortgage
NEW YORK -- The conditions seem ripe to become a first-time homeowner. Real estate prices are tumbling, mortgage rates are at record lows and there are big tax credits on the table. All that might have you scrambling to assess whether you can afford to make the leap into homeownership. (Sun, 17 May 2009 07:12:56 GMT)

APPRAISAL RULES HIT YOUR WALLET
How about this scenario the next time you refinance or apply for a new mortgage: The real estate appraisal that used to cost you $325 now costs $450, even though the appraiser doing the work is only getting $175 or $200. (Sun, 17 May 2009 07:24:47 GMT)

Fees rise, but appraisers get less per job
How about this scenario the next time you refinance or apply for a new mortgage: The real estate appraisal that used to cost you $325 now costs $450, even though the appraiser doing the work is only getting $175 or $200. Plus, your appraisal-related charges... (Sun, 17 May 2009 07:25:04 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, 17 May 2009 08:04:08 GMT)

Energy loan idea generates worldwide interest
When Palm Desert city officials came up with the idea for Assembly Bill 811 back in the fall of 2007, they were simply trying to set up a local energy loan program to help residents pay for such high-efficiency home improvements as new air conditioners and solar panels. (Sun, 17 May 2009 08:32:07 GMT)

When refinancing mortgage makes sense
Many Americans affected by the economic crisis want their unaffordable mortgages reworked through special programs for people facing foreclosure. But you don't have to be in financial trouble to benefit from mortgage refinance, real estate experts say. (Sun, 17 May 2009 08:51:51 GMT)

GET MORTGAGE HOLDER HELP!
Dear John: Please don't put this letter in the trash bin. Sometimes I think life is not worth living. Can I write to the president to ask him about the people that were taken advantage of with their homes? I had to get out of mine in January... (Sun, 17 May 2009 10:38:27 GMT)

United Way to distribute emergency rent and mortgage funds
More than $42,000 worth of emergency rent and mortgage help will soon be available to local residents. (Sun, 17 May 2009 11:21:29 GMT)

New Law Means Mortgage Debtors Won't be Homeless
(IsraelNN.com) Beginning Sunday, mortgage debtors will no longer need to fear the prospect of expulsion from their homes with nowhere to go. A new law, which takes effect Sunday, protects homeowners from homelessness no matter what their financial situation. (Sun, 17 May 2009 11:43:28 GMT)

'Fluffing' loan info leads to guilty plea for fraud
Sierra Hethcote said she thought she was helping a single mother with four children when she signed loan applications that contained false information to purchase the woman's Mililani home. (Sun, 17 May 2009 11:47:00 GMT)

Refinance bid aids those caught short on value
The federal government's Home Affordable Refinance program is designed to help homeowners refinance their mortgages — even if they owe slightly more than the current value of their homes. (Sun, 17 May 2009 14:35:56 GMT)

Reverse mortgage: declining reliability
Almost daily, the reverse mortgage industry is changing, and it's worrying plenty of people. For years, reverse mortgages have been reliable, a way for seniors to live off the equity in their homes as they age. (Sun, 17 May 2009 15:40:23 GMT)

£16,000 for a non-existent mortgage
• 'I have made a mistake' says MP Elliot Morley • Labour and Tories among MPs in new revelations A former Labour minister claimed more than £16,000 for the mortgage interest on his constituency home for more than 18 months after repaying the loan, the Daily Telegraph reports today. In the latest leak of details about MPs' expenses, Elliot Morley was reported to have claimed £800 a month during ... (Sun, 17 May 2009 17:00:02 GMT)

$70,000 loan on Florida home for sale online
Irvine company launches Web site for mortgage trading. (Sun, 17 May 2009 18:15:02 GMT)

Developers face mortgage fraud accusations
Some say this could be one of the largest mortgage fraud cases in state history. (Sun, 17 May 2009 21:52:38 GMT)

'Mortgage agreement' claim probed
Labour launches an inquiry into allegations an MP was allowed to claim on a mortgage he had partly paid off. (Sun, 17 May 2009 22:21:03 GMT)

Lawyers to look at second bogus mortgage claim unearthed in the expenses scandal
Lawyers to look at second bogus mortgage claim unearthed in the expenses scandal (Sun, 17 May 2009 22:24:24 GMT)

Home loan 'error' by Labour's golden couple Mr & Mrs Balls
Home loan 'error' by Labour's golden couple Mr & Mrs Balls (Sun, 17 May 2009 22:53:03 GMT)

First-time homebuyer program mortgage rates lowered
PIERRE -- To continue making homeownership more affordable, the South Dakota Housing development authority (SDHDA) announced today that their 30-year mortgage interest rates have been lowered. The interest rate for starting step rate loans is now 3.5 percent. The 30-year fixed rate option was reduced to 4.5 percent and the fixed rate plus option, which included 3 percent cash assistance, was ... (Mon, 18 May 2009 02:09:17 GMT)

Ben Chapman overclaimed £15000 on mortgage: MPs expenses
Mr Chapman deliberately overclaimed for interest on the mortgage of his London house with the permission of parliamentary officials. (Mon, 18 May 2009 06:12:54 GMT)

Forums to provide mortgage guidance for homeowners
Legal Services of North Louisiana will conduct a series of forums throughout the area this week to help homeowners having trouble meeting mortgage payments. (Mon, 18 May 2009 06:24:31 GMT)

United Way to distribute emergency rent and mortgage funds
More than $42,000 worth of emergency rent and mortgage help will soon be available to local residents. (Mon, 18 May 2009 06:36:30 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. (Mon, 18 May 2009 06:50:02 GMT)

Scottsdale firm debuts Web site for bankruptcy, mortgage rescue
Scottsdale-based Mackey Law Firm PC launched a Web site to help clients and prospective clients navigate through mortgage modifications, debt resolution and bankruptcies. (Mon, 18 May 2009 07:37:25 GMT)

Home sweeter during recession
MICHIGAN CITY -- Chris Stoller was looking to take the plunge from being a renter to a first-time home buyer. He had been saving money for a down-payment and had even been preapproved for a loan. But then the recession hit. The 30-year-old assistant manager at Bass Shoe Outlet at Lighthouse Place Premium Outlets had his hours cut from 40 to 25 per week and is now using his savings for ... (Mon, 18 May 2009 09:26:32 GMT)

Mortgage Intelligence launches utility proposition
Mortgage Intelligence has become an authorised distributor utility services through the Utility Warehouse Discount Club. ... (Mon, 18 May 2009 09:36:56 GMT)

Chapple Museum looking for ‘home-made’ items
As the Chapple Museum opens up for another season, it’s looking for community members to loan “home-made” pieces from their own lives to build this year’s display. “Every year I have a theme at the museum,” explained co-curator Emily Clink, who maintains the museum with her husband, Bill. “This year the theme is ‘home-made.’ read more (Mon, 18 May 2009 09:54:05 GMT)

What recession? Refinancing business is booming
As the housing market cooled in 2008, hordes of residential mortgage lenders shuttered their offices, fleeing to more stable careers. (Mon, 18 May 2009 10:02:58 GMT)

Sakana to launch the 1st GCC mortgage master class
Bahrain-based Sakana Holistic Housing Solutions announced that they will be conducting the 1st GCC Mortgage Master Class, a two-day session, in association with UK based Mungo Dunnett Associates, a leading mortgage consultancy firm with operations in the UK, Central Europe and the Middle East. (Mon, 18 May 2009 10:35:36 GMT)

Home loan fraud
Is your home loan lender charging you more interest on your home loan? (Mon, 18 May 2009 11:09:29 GMT)

Pros, cons of paying car loan with HELOC
Dear Debt Adviser, Are there any advantages to paying off an auto loan with a home equity line of credit and if there are, what are they? -- John Dear John, Yes! No! Both? With the possible exception of New York-style cheesecake, everything I know has its pluses and minuses. (Mon, 18 May 2009 11:42:32 GMT)

Mortgage Basics
Truth in Lending Act statement, or TILA The federal Truth in Lending Act requires lenders to disclose in writing the terms and conditions of a mortgage, including the annual percentage rate, or APR, and other fees and charges. (Mon, 18 May 2009 11:43:07 GMT)

More NE Ohio Callers Looking for Mortgage Help to Hotline Have Lost Jobs
The number of callers to the United Way's 211 hotline looking for help with their mortgage is down slightly from last year. But workers there worry because a growing number of callers are looking for mortgage help for a new reason. (Mon, 18 May 2009 12:04:38 GMT)

Labour MP Ben Chapman: claiming for phantom mortgage 'was above board'
A Labour MP who claimed £15,000 more in mortgage interest than he was entitled to insisted today that he had been "entirely open and above board" with parliamentary authorities. (Mon, 18 May 2009 12:11:34 GMT)

Stimulus Straight Talk
This month Kim focuses on the economic stimulus package, refinance deals and banks. (Mon, 18 May 2009 14:02:38 GMT)

AG Sues Mortgage Rescue Companies
Several foreclosure rescue companies have been sued by Texas' top prosecutor, who accuses them of running mortgage rescue scams. (Mon, 18 May 2009 14:47:41 GMT)

Sacred Heart burns mortgage
About 15 years ago, Sacred Heart Catholic Parish took a negative situation and turned it to its advantage, and Sunday, they officially ended that particular journey when parish members burned the mortgage to Sacred Heart School. (Mon, 18 May 2009 15:50:23 GMT)

Fire Official Feels Heat in Mortgage Fraud Case
A 19-year veteran of Miami's Fire Rescue is wanted by the Feds for mortgage fraud charges connected to a drug trafficking ring. (Mon, 18 May 2009 16:47:21 GMT)

Pimco’s Simon Says Mortgage Bonds Are Still Good Buys (Update2)
May 18 (Bloomberg) -- U.S. home-loan securities without government backing are worth buying even after a two-month rally has lifted prices to the highest since October for some types, Pacific Investment Management Co.’s mortgage-bond chief said. (Mon, 18 May 2009 17:56:12 GMT)

Fire Captain Wanted By Feds For Mortgage Fraud
A captain with the Miami Fire Rescue Department may not want to return from vacation any time soon. The fire official, identified as Gamaliel N. Souffrant, is wanted by federal agents on mortgage fraud charges connected to alleged drug trafficking in South Florida, authorities said Monday. (Mon, 18 May 2009 18:25:18 GMT)

Federal Home Loan Bank of Boston stung by MBS portfolio
The Federal Home Loan Bank of Boston, a key source of funds for New England lenders, estimates it will post a loss of $83.4 million in the first quarter because of troubled investments whose values are expected to be reduced by several hundred million dollars. (Mon, 18 May 2009 18:35:23 GMT)

Infosys to cancel home loan facility
Infosys Technologies is planning to withdraw its home loan facility for employees with effect from 1 July, according to an internal mail from the company. (Mon, 18 May 2009 19:33:37 GMT)

Miami Fire Rescue captain arrested on mortgage fraud charges
A Miami Fire Rescue captain has been arrested by federal agents on mortgage fraud charges linked to alleged drug trafficking in South Florida, authorities familiar with the case said Monday. (Mon, 18 May 2009 20:06:12 GMT)

Shorewood to consider home loan program
Shorewood - The Village Board on Monday night will consider creating a loan program aimed at improving housing stock. (Mon, 18 May 2009 20:42:44 GMT)

10th Defendant Pleads Guilty To Mortgage Fraud
A 10th person has pleaded guilty in a $35 million mortgage foreclosure rescue scam. (Mon, 18 May 2009 22:27:28 GMT)

10th Defendant Pleads Guilty in Mortgage Scam
A 10th person has pleaded guilty in a $35 million mortgage foreclosure rescue scam. (Mon, 18 May 2009 23:00:00 GMT)

Federal Home Loan Bank reports $1.5 million net loss in 1Q
The Federal Home Loan Bank of Atlanta has reported a $1.5 million net loss in the first quarter, compared to a profit of $116.6 million a year ago. (Mon, 18 May 2009 23:10:33 GMT)

Mortgage fraud bill goes to Obama to sign
Congress on Monday sent the president a bill to clamp down on mortgage fraud and set up a $5 million independent commission to investigate the cause of the worldwide financial meltdown. (Mon, 18 May 2009 23:21:14 GMT)

Extended loan scheme to draw RM300m home sales
SHAH ALAM: SP Setia Bhd targets to sell RM300mil worth of properties during the three-month extension of the 5/95 home loan package promotion from April 19 to July 19. (Mon, 18 May 2009 23:38:55 GMT)

Feds Bust Mortgage Fraud Scheme
The feds say one of the largest mortgage fraud schemes at work in Texas has been broken up. They said the group made millions of dollars off unsuspecting rural community homeowners and the government. (Tue, 19 May 2009 00:41:50 GMT)

Streamline Loans Slash Monthly Mortgage Payments
Homeowners with FHA or VA home loans can save big bucks by using a streamline loan to refinance their mortgages. (Tue, 19 May 2009 00:42:41 GMT)

Idaho Housing Agency Series 1990F Single-Family Mortgage Bonds Placed On CreditWatch With Negative Implications
Standard & Poor's Ratings Services placed its 'AAA' rating on Idaho Housing Agency's single-family mortgage bonds, series 1990F, on CreditWatch with negative implications. (Tue, 19 May 2009 01:06:42 GMT)

Mortgage fraud bill goes to Obama to sign
Associated Press - May 18, 2009 10:13 PM ET WASHINGTON (AP) - Congress has sent President Barack Obama a bill to clamp down on mortgage fraud. It will also set up a $5 million independent... (Tue, 19 May 2009 02:30:51 GMT)

Mortgage fraud bill goes to Obama to sign
WASHINGTON (AP) - Congress has sent President Barack Obama a bill to clamp down on mortgage fraud. It will also set up a $5 million independent commission to investigate the cause of the worldwide financial meltdown. (Tue, 19 May 2009 02:30:59 GMT)

Michael Whitehead Joins HomeBanc as Mortgage Loan Officer
TAMPA - Tampa-based HomeBancorp, Inc. has named Michael Whitehead as Mortgage Loan Officer for HomeBanc. He is based in the bank's Brandon office, located at 659 West Lumsden Road. (Tue, 19 May 2009 02:48:30 GMT)

Mortgage fraud bill is sent to Obama
Congress on Monday sent the president a bill to clamp down on mortgage fraud and set up a $5 million independent commission... (Tue, 19 May 2009 03:44:12 GMT)

Chiba Bank’s Sakuma Forecasts Lower Bad-Loan Charges (Update1)
May 19 (Bloomberg) -- Chiba Bank Ltd. , Japan’s third- largest regional bank, said bad-loan charges are declining after peaking at 37 billion yen ($384 million) last fiscal year. (Tue, 19 May 2009 03:58:37 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. (Tue, 19 May 2009 06:42:17 GMT)

Rates at record levels - Mortgage Choice
Home buyers are flocking back into variable rate mortgages, which now account for 91 per cent of the residential lending market, their highest proportion in four months, a leading mortgage broker says. (Tue, 19 May 2009 08:05:16 GMT)

Rates at record levels - Mortgage Choice
Home buyers are flocking back into variable rate mortgages, a leading mortgage broker says. (Tue, 19 May 2009 08:06:41 GMT)

Bankruptcy may end second mortgage woes
A Chapter 13 bankruptcy filing may help a homeowner get out from under a second mortgage. (Tue, 19 May 2009 10:00:00 GMT)

Pastor, wife, firefighter accused in mortgage fraud scam
The mortgage fraud and money-laundering racket was a family affair, prosecutors say, led by a Miami Gardens pastor with support from his wife -- a mother of three -- and his brother, a Miami Fire Rescue captain. (Tue, 19 May 2009 11:11:25 GMT)

Union Bank freezes home loan rate at 8% for one year
Public-sector lender Union Bank of India today freezed interest rates for new home loans upto Rs 50-lakh at eight per cent for one year. The scheme will be applicable for loans taken upto September 30, 2009, Union Bank said in a press release issued here today. (Tue, 19 May 2009 11:12:50 GMT)

Paragon Group H1 profit falls, seeks govt aid 
British mortgage lender Paragon Group of Cos said first-half underlying pretax profit fell 51 percent but arrears during January-March were lower than the industry average, and sought government help to non-deposit lenders. (Tue, 19 May 2009 11:30:00 GMT)

Bankruptcy may end second mortgage woes
Dear Dr. Don, I have two mortgages and was able to get my first mortgage modified. Now, the people who helped me with the modification are telling me that I should not worry about the second mortgage even though the bank is still sending me bills every month. (Tue, 19 May 2009 11:44:05 GMT)

Mortgage fraud bill goes to Obama to sign
Congress has sent President Barack Obama a bill to clamp down on mortgage fraud. It will also set up a $5 million independent commission to investigate the cause of the worldwide financial meltdown. (Tue, 19 May 2009 11:48:51 GMT)

DC resident pleads guilty to $35M mortgage fraud
A 10th person has pleaded guilty in a $35 million mortgage foreclosure rescue scam. Federal prosecutors say 34-year-old Ronald Chapman Jr. of Washington faces up to 30 years in prison and a $1 million fine for conspiracy to commit mail and wire fraud. (Tue, 19 May 2009 11:49:06 GMT)

Fixed mortgage rates start to rise
The cost of the average fixed-rate mortgage has risen in the past month even though base interest rates have been held at historic low levels. (Tue, 19 May 2009 11:58:55 GMT)

Lost for words
What on earth were mortgage lenders and regulators thinking when they allowed the buy-to-let boom? (Tue, 19 May 2009 12:00:02 GMT)

DC resident pleads guilty to $35M mortgage fraud
(AP:GREENBELT, Md.) A 10th person has pleaded guilty in a $35 million mortgage foreclosure rescue scam. Federal prosecutors say 34-year-old Ronald Chapman Jr. of Washington faces up to 30 years in prison and a $1 million fine for conspiracy to commit mail and wire fraud. He pleaded guilty on Monday. (Tue, 19 May 2009 12:04:01 GMT)

Rockall Technologies' Collateral Management System Launched at Federal Home Loan Bank of Pittsburgh
Rockall Technologies announced today that the Federal Home Loan Bank of Pittsburgh has implemented Rockall's Systematic Tracking of Collateral (STOC) solution. FHLBank Pittsburgh is one of six Federal Home Loan Bank System institutions that have chosen STOC for management of the liquid assets and mortgage collateral pledged to secure low-cost loans to member banks. (Tue, 19 May 2009 12:11:00 GMT)

Ask the Biz Brain: When to refinance an adjustable rate mortgage
Q: I have a $598,000, 6.15 percent, 30-year, interest-only, five-year adjustable-rate mortgage that will reset in 2011. I have excellent credit, but the housing slump has resulted in the value of my home decreasing to $550,000. My plan had been... (Tue, 19 May 2009 12:18:21 GMT)

Obama to sign $490 million mortgage fraud bill
Legislation that will give federal authorities more tools to combat mortgage fraud and create a commission to examine the financial crisis is on its way to the White House. (Tue, 19 May 2009 14:32:52 GMT)

Beazer To Pay $2.5 Mln In Mortgage Settlement
Beazer To Pay $2.5 Mln In Mortgage Settlement (Tue, 19 May 2009 14:53:20 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