Mortgage News Sep 2009
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Mortgage lending hits lowest level in 18 months
THE combined value of residential mortgage lending fell by €71 million in July, the fourth consecutive month of decline, according to latest monthly credit statistics from the Central Bank. (Tue, 01 Sep 2009 00:23:27 GMT)
Mortgage interest may be key to tax cheats
Federal tax authorities may be forgoing $1.4 billion of revenue annually because they fail to thoroughly compare mortgage interest statements submitted by banks against individual tax returns, according to a government report released on Monday. (Tue, 01 Sep 2009 04:03:23 GMT)
Streator Home Building and Loan closes on church property
Streator Home Building and Loan has closed on the former Grace United Methodist Church property in Streator. According to Ed Mollo, president of Streator Home Building and Loan, there are no official plans for the property at this time, (Tue, 01 Sep 2009 04:49:54 GMT)
Homeownership Preservation Fair
Behind on your mortgage? Payments going up? Worried about foreclosure? Options are available to help you stay in your house with more affordable payments. Learn about Making Home Affordable and other options to refinance and modify your loan. (Tue, 01 Sep 2009 05:06:02 GMT)
Should You Carry a Mortgage into Retirement?
A new study found most people are better off paying down the debt before they retire. (Tue, 01 Sep 2009 05:22:07 GMT)
Home foreclosures increase
GLENDALE — Home foreclosures and loan default notifications jumped by 10% in June and were 55% higher than they were a year ago, but rates remain far lower in Glendale, Burbank and La Cañada Flintridge than averages for Los Angeles County and California, according to real estate firm RealtyTrac. (Tue, 01 Sep 2009 05:30:31 GMT)
M3 Strategy Site Launch: Short Refinance and Loan Modification Experts Serving Homeowners Nationwide
M3 Strategy debuted a new Web site exhibiting a full suite of services in debt negotiation, loan modifications and short refinancing to help homeowners modify their mortgage loans. (Tue, 01 Sep 2009 07:01:00 GMT)
U.K. Mortgage Approvals Rose to 15-Month High in July (Update1)
Sept. 1 (Bloomberg) -- U.K. mortgage approvals rose to the highest level in 15 months in a further sign that the housing- market slump is abating as the economy emerges from its sharpest recession since World War II. (Tue, 01 Sep 2009 09:17:19 GMT)
UK mortgage paybacks exceed new borrowing in July
LONDON (AP) — Britons paid off their mortgages at a faster rate than they borrowed in July, the first time that has happened since records began in 1993, the Bank of England said Tuesday. The trend reflects the depressed housing market, the difficulty of obtaining mortgages and the attraction of paying off mortgage debt while interest rates are at historic lows. The bank said mortgage repayments ... (Tue, 01 Sep 2009 09:29:06 GMT)
BSA gross mortgage lending falls 43 pct yy in July
Gross mortgage lending by British building societies stood at a seasonally-adjusted 1.775 billion pounds in July, down 43 percent on the year, the Building Societies Association said on Tuesday. (Tue, 01 Sep 2009 09:40:00 GMT)
Mortgage Approvals Highest Since April 2008
The number of mortgage approvals rose for the sixth month in a row during July to the highest figure for more than a year. (Tue, 01 Sep 2009 09:53:50 GMT)
Home loan repayments outstrip new lending
Mortgage repayments outstripped new lending for the first time since records began during July, figures showed today. (Tue, 01 Sep 2009 09:56:43 GMT)
Is a reverse mortgage right for you?
On the face of it, a reverse mortgage sounds like a no-lose deal for older homeowners. A lender gives you what amounts to a cash advance on your home equity -- no minimum income or credit score required. (Tue, 01 Sep 2009 10:15:00 GMT)
Is a reverse mortgage right for you?
On the face of it, a reverse mortgage sounds like a no-lose deal for older homeowners. A lender gives you what amounts to a cash advance on your home equity -- no minimum income or credit score required. And you don't have to pay it back until you move or die, when the proceeds from the house sale typically will be used to close out the loan. But in fact, reverse mortgages have some serious ... (Tue, 01 Sep 2009 10:17:47 GMT)
TBW mortgage, escrow checks frozen
By Fred Hiers Staff writer About 50,000 mortgage and escrow checks sitting in frozen bank accounts and sent by former Taylor, Bean & Whitaker Mortgage Corp. customers are the subject of a legal standoff between the bankrupt lending giant and the Federal Deposit Insurance Corp., both of which want control of the $1.9 billion in funds. (Tue, 01 Sep 2009 10:39:08 GMT)
Warning: Beware of Mortgage Fraud and Foreclosure Recovery Scams
AKRON, OH (WOIO) - Mortgage Fraud and Foreclosure Recovery Scams continue to be a problem for all homeowners and especially those who are having trouble making their mortgage payments. (Tue, 01 Sep 2009 11:29:12 GMT)
Mortgage banks braced for rate cut calls
Banks and lenders are likely to face increasing pressure to cut fixed mortgage rates after a sharp rise in the government bond markets. (Tue, 01 Sep 2009 11:42:54 GMT)
U.K. Mortgage Bond Yield Spreads Tighten to Lowest in One Year
Sept. 1 (Bloomberg) -- Signs the U.K.’s real-estate market is emerging from the worst economic slump in decades are driving yield spreads on mortgage bonds tighter, according to data compiled by JPMorgan Chase & Co. (Tue, 01 Sep 2009 12:13:36 GMT)
U.K. Mortgage Approvals Rose to 15-Month High in July (Update2)
Sept. 1 (Bloomberg) -- Mortgage approvals rose to the highest level in 15 months in a further sign that the property slump is abating as Britain emerges from its sharpest recession since World War II. (Tue, 01 Sep 2009 12:18:22 GMT)
IRS Could Use Mortgage Data to Pursue Tax Evaders
The report, from the Treasury Inspector General for Tax Administration, said the information could help the IRS identify individuals who are either not filing their taxes or underreporting their income on their tax returns. (Tue, 01 Sep 2009 13:01:29 GMT)
Mortgage approvals rise again
Number of approvals for purchase at a 15-month high, but mortgage holders pay back £418m more than was lent in July Mortgage approvals reached a 15-month high in July, according to data published today by the Bank of England. The number of approvals for house purchase reached 50,123, the highest number since April 2008 and a 53% increase on the number of loans approved in July last year ... (Tue, 01 Sep 2009 13:29:43 GMT)
Mortgage repayments outstrip lending: data
Mortgage holders repaid more than they borrowed on home loans in July for the first time since records began in 1993, the Bank of England said on Tuesday. (Tue, 01 Sep 2009 13:34:34 GMT)
Rent and mortgage arrears advice goes online
The Government has published new information online to help people struggling with their rent or mortgage payments find the best solution to their problems. (Tue, 01 Sep 2009 13:46:55 GMT)
Big four banks capture home loan market
THE nation's big four banks are now writing virtually every new mortgage in Australia, reigniting fears that more than two decades of competition has been unwound and major lenders will emerge from the economic downturn with too much power. (Tue, 01 Sep 2009 14:38:52 GMT)
Making Home Affordable Program hasn't helped enough, some say
When President Obama unveiled the Making Home Affordable Program in March, he said it would help "responsible folks who have been making their payments" reduce their monthly mortgage bills and avoid losing their homes to foreclosure. (Tue, 01 Sep 2009 15:51:37 GMT)
FHLB Dallas, IBERIABANK Award SNAP Grant to Abbeville Family for Home Repairs
DALLAS, Sept. 1, 2009 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce it has awarded a $5,000 Special Needs Assistance Program (SNAP) grant to Wayne Landry to repair the roof of his Abbeville, Louisiana, home. The grant was awarded through IBERIABANK in New Iberia, Louisiana. Mr. Landry, who also is a minister at a church in Abbeville, originally ... (Tue, 01 Sep 2009 15:59:16 GMT)
State Suspends Licenses Of 4,500 Mortgage Brokers
Colorado's Division of Real Estate deactivated 4,500 mortgage brokers on Monday because they failed to meet new state requirements. (Tue, 01 Sep 2009 16:08:35 GMT)
State attorney general investigating many 'mortgage modifiers'
Hundreds of people calling themselves “foreclosure rescue specialists,” promising to quickly cut through red tape and reduce mortgage payments, have taken millions of dollars from South Florida homeowners over the past year for their services. (Tue, 01 Sep 2009 16:20:29 GMT)
Cleveland Heights hit hard in elaborate mortgage fraud scheme
CLEVELAND HEIGHTS -- This city was the hardest-hit suburb in what officials said could be the largest mortgage fraud scheme in the nation, which involved more than 400 homes in Cuyahoga County. The scheme involved 74 homes in Cleveland Heights,... (Tue, 01 Sep 2009 17:19:00 GMT)
Washington County HRA looks to assist people facing home foreclosure
As a foreclosure counselor, Nicola Viana is an expert in the rules of foreclosure. She knows the exact process that lenders use to seize a person's home and the math they use to figure out whether to modify a person's loan. (Tue, 01 Sep 2009 18:32:29 GMT)
Mortgage holders take back Hamburg homes
In what amounted to a little surprise, the mortgage holder for two Town of Hamburg residences that collectively sold last fall for $6.3 million was the sole bidder in a court-imposed foreclosure sale. (Tue, 01 Sep 2009 19:45:51 GMT)
Federal Home Loan Bank of San Francisco Awards Over $1 Million in Predevelopment Grants for Arizona, California, and ...
SAN FRANCISCO----The Federal Home Loan Bank of San Francisco today announced that it has awarded more than $1 million in Access to Housing and Economic Assistance for Development Program grants to boost economic development and affordable housing projects in Arizona, California, and Nevada. (Tue, 01 Sep 2009 20:34:00 GMT)
US Loan Mod, LLC Announces New Program On How To Save Homes From Foreclosure
Pompano Beach, FL--- US Loan Mod, LLC recently released a new step-by-step workbook to help homeowners who are in need of a loan modification save their home from foreclosure. The workbook, US Loan Modification Secrets Revealed, includes information necessary for homeowners to submit a successful loan modification letter to their mortgage lender and get positive results. With more than nine... (Tue, 01 Sep 2009 20:46:16 GMT)
Are We Still At Risk for Mortgage Armageddon?
While much of the recent housing news has been good there remains a hardy band of skeptics that don’t believe the mortgage crisis is over. In fact, they think it’s going to get a whole lot worse over the next year or so. (Wed, 02 Sep 2009 00:06:29 GMT)
'Smart loan' program headed to Vail Valley voters
Ballot issue, called the "Energy Smart Loan" program, would allow Vail Valley home owners to get money for energy-efficient home improvements (Wed, 02 Sep 2009 02:34:02 GMT)
Confusion Roils HARP Program for Refinancing
With HARP, the Obama administration said millions of borrowers could refinance. But helping those with little or no equity has turned out to be more difficult than expected. (Wed, 02 Sep 2009 04:09:55 GMT)
Australian Mortgage Backed Security Delinquency Eases (Update1)
Sept. 2 (Bloomberg) -- Australia’s residential mortgage- backed securities market is showing signs of stabilization as the global slowdown eases, Moody’s Investors Service said. (Wed, 02 Sep 2009 04:32:33 GMT)
Time is Right to Refinance a Mortgage, Bills.com Says
Make the most of home debt with low rates, assistance programs (Wed, 02 Sep 2009 07:00:00 GMT)
Photo Release: KBank offers exclusive Home Loan package with free Interior Decoration service and Travel package deal
KBank expected to increase K-Home Loan rates by offering a special promotion for potential homebuyers. Customers who applied for K-Home Loan package before 30th November 2009 are entitled to receive a (Wed, 02 Sep 2009 08:59:34 GMT)
New trial sought in mortgage-fraud case
The Crown is appealing the acquittal of an Edmonton lawyer accused of being part of a multimillion-dollar mortgage fraud believed to be the largest-ever in Alberta. (Wed, 02 Sep 2009 10:03:16 GMT)
Mortgage applications slip, loan rates dip
U.S. mortgage applications slid last week even as mortgage rates edged lower, with requests for loans to buy homes declining for the first time since early July, an industry group said on Wednesday. (Wed, 02 Sep 2009 11:07:30 GMT)
(AFX UK Focus) 2009-09-02 12:19 STOCKS NEWS US-Mortgage applications slip, loan rates dip
Stocks on the move (Wed, 02 Sep 2009 11:27:08 GMT)
Week-to-week mortgage applications fall 2.2%: MBA
Mortgage filings drop a seasonally adjusted 2.2% in the week ended Aug. 28 compared with the week before, as lower interest rates offered on home loans prove an insufficient lure for applicants, Mortgage Bankers Association data show. Government-insured mortgages make up 40.4% of all applications filed for August, the highest proportion seen since February 1991. (Wed, 02 Sep 2009 11:30:40 GMT)
Wells Fargo CEO Stumpf Says Some Loan-Loss Rates Are Peaking
Sept. 2 (Bloomberg) -- Wells Fargo & Co., the nation’s largest home lender, may be reaching a peak for losses tied to troubled loans, President and Chief Executive Officer John Stumpf said. (Wed, 02 Sep 2009 11:36:41 GMT)
Cox secures Robins loan
Cheltenham Town have signed Tottenham Hotspur youngster Sam Cox on an initial month's loan. The versatile 18-year-old made his Robins bow in the JPT Trophy loss to Torquay United, with boss Martin Allen upset by a 3-1 home reverse. (Wed, 02 Sep 2009 11:38:09 GMT)
Mortgage Bankers Push for New Federal Loan Guarantee Program
The first step builds off the model for Ginnie Mae, the agency that guarantees payments on bonds backed by government- insured mortgages, according to a report today by the Washington-based Mortgage Bankers Association . The second part involves winding down government-seized mortgage buyers Fannie Mae and Freddie Mac and creating “two or three” new privately funded, government-chartered ... (Wed, 02 Sep 2009 11:42:14 GMT)
Many lenders reduce mortgage rates
Competition has begun to creep back into the mortgage market with three major lenders reducing their rates. Barclays lending arm the Woolwich, HSBC and Cheltenham & Gloucester, part of Lloyds Banking Group, all announced they were either trimming their rates or launching new products. (Wed, 02 Sep 2009 11:56:10 GMT)
HSBC launches 1.99% mortgage deal
The HSBC bank tries to gain an even larger share of the mortgage market with the launch of a new deal at 1.99%. (Wed, 02 Sep 2009 12:04:54 GMT)
Mortgage bankers group urges Fannie, Freddie changes
The U.S. Mortgage Bankers Association said on Wednesday it will ask Congress to transform mortgage lenders Fannie Mae, Freddie Mac into several smaller, privately held companies that would issue mortgage securities with a government guarantee. (Wed, 02 Sep 2009 12:13:58 GMT)
HSBC offers 1.99% mortgage deal
The HSBC bank tries to gain an even larger share of the mortgage market with the launch of a new deal at 1.99%. (Wed, 02 Sep 2009 12:19:17 GMT)
Mortgage Bankers Group Urges Fannie, Freddie Changes
Mortgage Bankers Group Urges Fannie, Freddie Changes (Wed, 02 Sep 2009 13:11:44 GMT)
NewsWatch: Week-to-week mortgage applications fall 2.2%: MBA
Mortgage filings drop a seasonally adjusted 2.2% in the week ended Aug. 28 compared with the week before, as lower interest rates offered on home loans prove an insufficient lure for applicants, Mortgage Bankers Association data show. Government-insured mortgages make up 40.4% of all applications filed for August, the highest proportion seen since February 1991. (Wed, 02 Sep 2009 13:16:10 GMT)
MBA: Mortgage Applications Decrease Even As Rates Fall
(RTTNews) - Mortgage applications decreased in the week ending August 28, as only one segment of the weekly Mortgage Bankers Association's Applications Survey rose, despite lower mortgage rates. (Wed, 02 Sep 2009 13:45:21 GMT)
Mortgage Applications Slip, Loan Rates Dip
National mortgage applications slid last week even as mortgage rates edged lower, with requests for loans to buy homes declining for the first time since early July, an industry group said on Wednesday. (Wed, 02 Sep 2009 14:16:01 GMT)
'Smart loan' program headed to Vail Valley voters
Ballot issue, called the "Energy Smart Loan" program, would allow Vail Valley home owners to get money for energy-efficient home improvements (Wed, 02 Sep 2009 14:48:41 GMT)
U.S. Bank Pilots "Green" Home Equity Loan and Line of Credit in Colorado
DENVER----U.S. Bank is testing a new home equity loan and line of credit program in Colorado that offers customers a three-eighths percent rate reduction for qualified “green” home improvement projects. (Wed, 02 Sep 2009 15:06:00 GMT)
Northern Rock’s Mortgage Arrears Soar, S&P Reports (Update1)
Sept. 2 (Bloomberg) -- Arrears on some Northern Rock Plc mortgages have increased by 12 times during the credit crisis to 4.7 percent, according to Standard & Poor’s. (Wed, 02 Sep 2009 15:21:42 GMT)
Rest home asks for changes to proposed municipal loan
VARNA – The Municipality of Bluewater is contemplating a request from Blue Water Rest Home (BWRH) that would alter conditions for repaying a proposed $333,000 municipal loan. (Wed, 02 Sep 2009 15:46:56 GMT)
Mortgage activity fell slightly in week
WASHINGTON, Sept. 2 (UPI) -- The volume of applications for U.S. mortgages decreased last week, falling by a seasonally adjusted 2.2 percent, an industry group said. (Wed, 02 Sep 2009 16:14:05 GMT)
Mortgage applications slip even as loan rates dip
Mortgage applications slid last week even as mortgage rates edged lower, with requests for loans to buy homes declining for the first time since early July, an industry group said Wednesday. (Wed, 02 Sep 2009 17:48:06 GMT)
Fed Officials Discussed Tapering Purchases of Mortgage Bonds
Sept. 2 (Bloomberg) -- Federal Reserve officials in their August meeting discussed tapering purchases of mortgage bonds to minimize any disruptions at the end of their program, and expressed concern about the pace of a likely economic recovery. (Wed, 02 Sep 2009 18:21:41 GMT)
Mortgage Applications, Loan Rates Fall
Mortgage applications fell for the first time since July, despite declining mortgage rates. (Wed, 02 Sep 2009 18:25:34 GMT)
Mortgage payments exceed new debt
Bank of England figures cast doubt on housing recovery People paid off mortgage debt faster last month than they took on new debt for the first time since records began in 1993, Bank of England figures showed today, suggesting a real housing market recovery could be some way off. The Bank said mortgage repayments exceeded new borrowing by £418m in July as people are using a period of ultra-low ... (Wed, 02 Sep 2009 19:07:43 GMT)
Buyers in new areas not getting home loans
After a long impasse over registration of properties, which has now been solved, the vexed khata issue is hindering the home loan process and has left property buyers in the lurch. (Wed, 02 Sep 2009 19:11:14 GMT)
Rates fall, but so do mortgage applications
Although interest rates were down, the number of new loan applications fell last week, according to the Mortgage Bankers Association’s weekly index. (Wed, 02 Sep 2009 19:19:09 GMT)
U.S. Bank to offer rate cut in Colorado for ‘green’ home-improvement loans
Colorado will be a test market for U.S. Bank’s new home-equity loan and line-of-credit program offering a 3/8ths-percent rate reduction for qualified “green” home improvement projects. (USB) (Wed, 02 Sep 2009 20:23:39 GMT)
Mortgage rates fall, but so do applications
Although interest rates were down nationwide, the number of new loan applications fell last week, according to the Mortgage Bankers Association’s weekly index. (Wed, 02 Sep 2009 20:43:18 GMT)
MBA: Rates fall, but so do mortgage applications
Although interest rates were down, the number of new loan applications fell last week, according to the Mortgage Bankers Association’s weekly index. (Wed, 02 Sep 2009 21:29:28 GMT)
Commercial Mortgage Defaults Have Another Year Before Bottoming Out, Report Says
If you work in commercial real estate, best to forget all that talk about an imminent economic recovery. The sad truth is that while the rest of the economy shows early signs of improvement, commercial real estate is proving the laggard. Data released by research firm Real Estate Econometrics indicates that, nationwide, commercial and multifamily mortgage defaults will peak sometime around ... (Wed, 02 Sep 2009 21:32:17 GMT)
Mortgage applications index slips 2.2 percent
Mortgage applications in the U.S. fell for the first time in three weeks, led by a decline in refinancing as borrowing costs rose. (Wed, 02 Sep 2009 21:57:40 GMT)
Southampton Coach Alan Pardew Explains Papa Waigo Loan
The 25-year-old midfielder will be calling England home for the next year, as Fiorentina and Southampton have agreed to a loan deal. (Thu, 03 Sep 2009 00:34:10 GMT)
Utah up in ranking for mortgage cost
A new study released Wednesday by Bankrate Inc. showed the cost of getting a mortgage has fallen nationwide. The average origination and title fees on a $200,000 mortgage this year totaled $2,732, down from $3,118 in 2008. (Thu, 03 Sep 2009 02:52:33 GMT)
WA's discount home lender hikes deposit rate
WA's low-deposit home loan agency has doubled its required deposit due to the global economic crisis. (Thu, 03 Sep 2009 04:59:51 GMT)
Beijing tightens mortgage rules to stop cheats -report
BEIJING, Sept 3 (Reuters) - China's capital city of Beijing is tightening rules on mortgage loans, a move that could drive down property transactions, local media reported on Thursday. (Thu, 03 Sep 2009 06:17:50 GMT)
One in five can't afford rise in home rates
One in five property owners say they will face mortgage stress if their monthly home loan repayments are increased. (Thu, 03 Sep 2009 06:40:25 GMT)
One in five face mortgage stress: survey
One in five property owners say they will face severe mortgage stress if their monthly home loan repayments are increased, a new survey has found. (Thu, 03 Sep 2009 06:57:27 GMT)
YOUR MONEY: Sites aid the search for a mortgage
Although home mortgage rates continue to hover around 5 percent, the search for a home mortgage rate to fit your budget can still prove a challenge. This task can be made a bit easier however, with a visit to the World Wide Web. (Thu, 03 Sep 2009 09:13:47 GMT)
Mortgage group urges replacing Fannie, Freddie
A mortgage industry group wants Fannie Mae and Freddie Mac replaced with private companies that would be able to issue mortgage bonds formally backed by the federal government. The Mortgage Bankers Association's proposal, released Wednesday, offers a detailed plan for how to restructure the U.S. mortgage market, which has been torn apart by the housing bust. The Obama administration doesn't ... (Thu, 03 Sep 2009 09:21:35 GMT)
National home equity loan averages
Here are the average home equity rates from Bankrate's weekly survey of large banks and thrifts. (Thu, 03 Sep 2009 10:00:00 GMT)
Mortgage rates lowest since May
Sitting on the fence? Rates may not go lower, despite the Fed's best efforts. (Thu, 03 Sep 2009 10:00:00 GMT)
Paul Lahiff on the local mortgage market
Switzer speaks to Paul Lahiff about Australia's mortgage market. (Thu, 03 Sep 2009 10:09:57 GMT)
Missouri mortgage insurers suffer large losses
Companies that sell private mortgage insurance in Missouri suffered their largest losses last year in three decades of record-keeping. (Thu, 03 Sep 2009 11:40:35 GMT)
Mortgage rates lowest since May
Mortgage rates have fallen to their lowest level since May. But they're still higher than they were when the Federal Reserve started buying mortgage-backed securities to force rates lower. (Thu, 03 Sep 2009 11:42:00 GMT)
Multiple indictments in mortgage fraud case involving homes in Cleveland Heights, Shaker Heights, University Heights ...
CLEVELAND HTS. More than 400 homes in Cuyahoga County were involved in what officials said could be the largest mortgage fraud scheme in the nation. The scheme involved 74 homes in Cleveland Heights, and 59 of those eventually fell into... (Thu, 03 Sep 2009 13:53:53 GMT)
MBA: Rates fall, but so do mortgage applications
Although interest rates were down, the number of new loan applications fell last week, according to the Mortgage Bankers Association’s weekly index. (Thu, 03 Sep 2009 14:04:02 GMT)
Freddie Mac: 30-year Mortgage Average Declines
Freddie Mac: 30-year Mortgage Average Declines (Thu, 03 Sep 2009 14:26:08 GMT)
Mortgage rates fall to 5.08%
New-home sales increased 9.6 percent in July. (Thu, 03 Sep 2009 14:32:28 GMT)
Mortgages: Bond yields push mortgage rates lower: Freddie Mac
This week's interest rates on mortgages drop, with the 30-year fixed-rate mortgage averaging 5.08%, according to Freddie Mac’s weekly survey of conforming mortgages. Freddie's chief economist says the latest data on real estate paint a favorable backdrop. (Thu, 03 Sep 2009 15:15:43 GMT)
Mortgage rates decline in week
WASHINGTON, Sept. 3 (UPI) -- Average interest rates for 30-year, fixed-rate U.S. mortgages fell in the week ending Sept. 3, the Federal Home Loan Mortgage Corp. said Thursday. (Thu, 03 Sep 2009 15:29:05 GMT)
Washington County HRA looks to assist people facing home foreclosure
As a foreclosure counselor, Nicola Viana is an expert in the rules of foreclosure. She knows the exact process that lenders use to seize a person's home and the math they use to figure out whether to modify a person's loan. (Thu, 03 Sep 2009 16:03:11 GMT)
30-yr Mortgage Rate Hovers Above 5%
Mortgage lender Freddie Mac (FRE) said Thursday that 30-year home loan rates fell to a three-month low in the past week, hovering just above the psychologically important 5% level. (Thu, 03 Sep 2009 16:10:34 GMT)
U.S. Mortgage Rates Fall to 5.08%, Freddie Mac Says (Update2)
Sept. 3 (Bloomberg) -- Mortgage rates for 30-year fixed U.S. home loans fell this week, reducing borrowing costs for buyers amid signs the U.S. housing market is stabilizing. (Thu, 03 Sep 2009 16:14:22 GMT)
Mo. mortgage insurers suffer large losses in 2008
Companies that sell private mortgage insurance in Missouri suffered their largest losses last year in three decades of record-keeping. (Thu, 03 Sep 2009 16:18:00 GMT)
Mortgage rates edge down, still above record lows
Rates for 30-year home loans edged down this week, remaining close to record lows reached over the spring. The average rate for a 30-year fixed mortgage was 5.08 percent, down from 5.14 percent a week earlier, mortgage company Freddie Mac said Thursday. (Thu, 03 Sep 2009 16:24:17 GMT)
Mortgage rates remain close to record lows
Rates for 30-year home loans edged down this week, remaining close to record lows reached over the spring. The average rate for a 30-year fixed mortgage was 5.08 percent, down from 5.14 percent a week earlier, mortgage company Freddie Mac... (Thu, 03 Sep 2009 16:41:10 GMT)
Local business has solution for loan modification headaches
A few years ago home loan modifications were rare. But new federal rules and regulations designed to reduce foreclosures and help homeowners stay in their homes have made loan modifications a popular alternative for those struggling to make monthly (Thu, 03 Sep 2009 16:44:22 GMT)
Mortgage rates edge down, still above record lows
Rates for 30-year home loans edged down this week, remaining close to record lows reached over the spring. The average rate for a 30-year fixed mortgage was 5.08 percent, down from 5.14 percent a week earlier, mortgage company Freddie Mac said Thursday.... Sponsored Topics: Mortgage - Freddie Mac - Business - Financial Services - United States (Thu, 03 Sep 2009 16:45:59 GMT)
Mortgage rates edge down, still above record lows
WASHINGTON (AP) — Rates for 30-year home loans edged down this week, remaining close to record lows reached over the spring. The average rate for a 30-year fixed mortgage was 5.08 percent, down from 5.14 percent a week earlier, mortgage company Freddie Mac said Thursday. Rates, while above the record low of 4.78 percent hit in the spring, are still at attractive levels for people looking to buy ... (Thu, 03 Sep 2009 16:51:46 GMT)
20% can't afford home rate rise
A new survey has found one in five property owners say they'd find themselves in severe mortgage stress if their monthly home loan repayments are increased. (Thu, 03 Sep 2009 18:48:10 GMT)
20% can't afford home rate rise
One in five property owners would struggle to afford an increase in monthly home loan repayments. (Thu, 03 Sep 2009 18:52:26 GMT)
Ex-Cowboy Linebacker Arrested in Mortgage Scam
Former Dallas Cowboy linebacker Eugene Lockhart arrested, charged in mortgage fraud scheme (Thu, 03 Sep 2009 19:16:12 GMT)
Ex-Cowboy linebacker arrested in mortgage scam
Former Dallas Cowboys linebacker Eugene Lockhart was arrested Thursday after he was indicted with eight others in an alleged mortgage fraud scheme that swindled more than $20 million from several home lenders, federal officials said. (Thu, 03 Sep 2009 19:45:23 GMT)
Ex-Dallas LB Lockhart arrested in mortgage scam
Federal officials say former Dallas Cowboys linebacker Eugene Lockhart has been arrested as part of a mortgage fraud investigation. (Thu, 03 Sep 2009 19:50:27 GMT)
Ex-Cowboy Linebacker Arrested in Mortgage Scam
Former Dallas Cowboy Eugene Lockhart arrested, charged in mortgage fraud scheme (Thu, 03 Sep 2009 20:31:32 GMT)
Mortgage Rates May Rise Soon Unless Fed Continues to Intervene
Mortgage rates are kept low by Fed intervention, which is due to end soon. So unless that program is extended, mortgage rates will start rising again. (Thu, 03 Sep 2009 21:02:16 GMT)
Robins snap up loan star
NEWTOWN have invested their faith in loan signing Obi Anoruo firing them up the Welsh Premier rankings. Obi Anoruo signed from Wrexham on transfer deadline day and has already targeted the goals needed to secure a top 10 finish for his new club - starting at home to Cefn Druids on Saturday (2.30pm). (Thu, 03 Sep 2009 23:14:35 GMT)
Home rate rise unaffordable for 20%
One in five property owners would struggle to afford an increase in monthly home loan repayments. (Fri, 04 Sep 2009 02:10:25 GMT)
Mortgage Rates Down
Rates for 30-year home loans edged down this week, remaining close to record lows reached over the spring. The average rate for a 30-year fixed mortgage was 5.08 percent, down from 5.14 percent a week earlier, mortgage company Freddie Mac said Thursday. Rates, while above the record low of 4.78 percent hit in the spring, are still at attractive... (Fri, 04 Sep 2009 03:09:23 GMT)
Former Cowboy Eugene Lockhart Jr. indicted in suspected mortgage fraud scheme
Former Dallas Cowboys linebacker Eugene Lockhart Jr., known in his playing days as Mean Gene the Hitting Machine, was arrested Thursday after being indicted on charges related to an alleged mortgage fraud scheme, federal prosecutors said. (Fri, 04 Sep 2009 03:17:13 GMT)
ASB cuts mortgage rate to 40-year low
ASB is cutting its floating home mortgage rate by 0.65 percent to 5.75 percent and is increasing many of its fixed mortgage rates. (Fri, 04 Sep 2009 03:57:28 GMT)
Buckeye pays to settle mortgage broker's lawsuit
Buckeye is paying $17,000 to settle a lawsuit alleging its police officers falsely imprisoned, unlawfully arrested and defamed a local mortgage broker. (Fri, 04 Sep 2009 06:37:22 GMT)
Two Denver men indicted in mortgage-fraud case.
Cedric Lipsey, 35, and Philip A. Martinez, 34, both of Denver, were indicted by a federal grand jury last week on charges of wire fraud as part of a mortgage-fraud scheme, U.S. Attorney David Gaouette announced Thursday. (Fri, 04 Sep 2009 07:02:17 GMT)
Balky mortgage servicer put on bankruptcy stand
PHOENIX — Bobbi Giguere had no luck in securing a loan modification from her mortgage servicer, Wells Fargo. For months, she had sent the bank the financial documents it requested to process her modification. But each time she called to check on the request, she was told to send her paperwork again. (Fri, 04 Sep 2009 07:22:13 GMT)
Charges dropped in mortgage-fraud case
DELAWARE, Ohio -- A Delaware County judge has dismissed charges against a California man accused in a multimillion-dollar mortgage-fraud ring in central Ohio. (Fri, 04 Sep 2009 08:38:04 GMT)
In S. Korea, Mortgage Loans Rise, and Banks Brace
South Korea’s mortgage loans continued to rise at a fast pace in August, the financial watchdog said Friday, stoking concerns the sharp increase could destabilize the housing market. (Fri, 04 Sep 2009 09:01:18 GMT)
ASB slashes floating mortgage rate to 5.75pc
ASB has slashed its floating home mortgage rate by 65 basis points from 6.4 per cent to a market-low rate of 5.75 per cent, which it said was its lowest floating rate in more than 40 years. ASB's move appears to break a log-jam... (Fri, 04 Sep 2009 09:22:46 GMT)
Realty Q&A: Death won't part your estate from mortgage
The dearly departed's estate is responsible for the unpaid mortgage, and the house might have to be sold to satisfy this and other debts. (Fri, 04 Sep 2009 12:15:40 GMT)
Mortgage rates dropping again
Mortgage rates for 30 year fixed loans are getting close to record lows again. (Fri, 04 Sep 2009 12:28:16 GMT)
Fort Myers man charged in mortgage fraud scheme
Mark Wallen, 38, was arrested Thursday and charged with 61 counts related to a multimillion dollar mortgage fraud scheme in Southwest Florida. (Fri, 04 Sep 2009 15:29:30 GMT)
Washington County HRA looks to assist people facing home foreclosure
As a foreclosure counselor, Nicola Viana is an expert in the rules of foreclosure. She knows the exact process that lenders use to seize a person's home and the math they use to figure out whether to modify a person's loan. (Fri, 04 Sep 2009 16:17:45 GMT)
Missouri Mortgage Insurers Suffer Large Losses
Companies that sell private mortgage insurance in Missouri suffered their largest losses last year in three decades of record-keeping. The state insurance department says mortgage guaranty ... Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Fri, 04 Sep 2009 17:12:33 GMT)
Home loan rate cut to lowest in 40 years
The ASB Bank has slashed its floating home mortgage rate to a 40-year low of 5.75 per cent. The new variable rate is the cheapest on the market and is thought to be the lowest available to home buyers for decades. Last night,... (Fri, 04 Sep 2009 17:30:42 GMT)
S. Korea to impose controls on mortgage lending (Business Times
SEOUL: South Korea said yesterday it will impose controls on mortgage lending in the capital and nearby areas to put a brake on rising house prices and prevent a broader-based asset price bubble. (Fri, 04 Sep 2009 18:24:35 GMT)
Freddie Mac: Mortgage rates down slightly
Bond yields pushed mortgage rates slightly lower this week, with the average 30-year, fixed-rate mortgage at 5.08 percent for the week ended Sept. 3. (FRE) (Fri, 04 Sep 2009 19:34:17 GMT)
Real Estate Weekly: With fall, leaves and mortgage rates will drop
Fall brings cooler weather, changing leaves… and lower mortgage rates? (Fri, 04 Sep 2009 20:30:40 GMT)
Mortgage Rates Seen Dropping With The Leaves This Autumn
Fall brings cooler weather, changing leaves...and maybe lower mortgage rates. Loan officer Dan Green analyzed data from Freddie Mac (FRE) and found that 30- year fixed mortgage rates have the tendency to rise during May through August, before settling lower in the fall season. (Fri, 04 Sep 2009 20:48:40 GMT)
Md. Woman Admits Making $350,000 in Mortgage Fraud
A 35-year-old Maryland woman admitted in federal court Friday that she made almost $350,000 for her participation in a mortgage fraud scheme that targeted houses in Maryland and the District during a two-year period. (Fri, 04 Sep 2009 20:56:53 GMT)
Mortgage giants struggle a year after takeover
A year after the near-collapse of Fannie Mae and Freddie Mac, the mortgage giants remain dependent on the government for survival and there is no end in sight. (Fri, 04 Sep 2009 21:34:11 GMT)
Mortgage giants struggle a year after takeover
WASHINGTON (AP) — A year after the near-collapse of Fannie Mae and Freddie Mac , the mortgage giants remain dependent on the government for survival and there is no end in sight. The companies, created by the government to ensure the availability of home loans, have tapped about $96 billion in government aid since they were seized a year ago this weekend. Without that money, the firms could have ... (Fri, 04 Sep 2009 21:36:29 GMT)
Mortgage giants struggle a year after takeover
A year after the near-collapse of Fannie Mae and Freddie Mac, the mortgage giants remain dependent on the government for survival and there is no end in sight. The companies, created by the government to ensure the availability of home loans, have tapped... Sponsored Topics: FannieMae - FreddieMac - Business - Mortgage - United States (Fri, 04 Sep 2009 21:45:39 GMT)
Crestwood business owner gets 37 months for mortgage fraud
The owner of a Crestwood development company was sentenced to 37 months in federal prison Friday for a mortgage fraud that cost lenders hundreds of thousands of dollars and sent 16 homes into foreclosure. (Fri, 04 Sep 2009 21:55:35 GMT)
Mortgage giants Fannie Mae and Freddie Mac still struggling
A year after the near-collapse of Fannie Mae and Freddie Mac, the mortgage giants remain dependent on the government for survival, and there is no end in sight. The companies, created by the government to ensure the availability of home loans, have tapped about $96 billion in government aid since they were seized a year ago this weekend. Without that money, the firms could have gone broke ... (Sat, 05 Sep 2009 04:08:39 GMT)
Mortgage giants struggle a year after takeover
Federal Housing Finance Agency Director James Lockhart, left, concludes his remarks as Treasury Secretary Henry Paulson, Jr., right, takes his turn at the microphone during a news conference in Washington on the bailout of mortgage giants Fannie Mae and Freddie Mac. A year after the collapse of the mortgage companies Fannie Mae and Freddie Mac, Americans remain almost entirely dependent on the ... (Sat, 05 Sep 2009 04:12:35 GMT)
Stop Foreclosure, Forensic Loan Audits with Loan Modifications
Homeowners have leverage in the campaign to stop foreclosures. Guardian Advocate Group, LLC has launched a new weapon against lenders to help in the home loan modification process called a forensic loan audit. These audits are performed by a CPA or an Attorney prior to submitting an application to modify your home mortgage. (Sat, 05 Sep 2009 07:01:00 GMT)
Stop Foreclosure, Forensic Loan Audits with Loan Modifications
Homeowners have leverage in the campaign to stop foreclosures. Guardian Advocate Group, LLC has launched a new weapon against lenders to help in the home loan modification process called a forensic loan audit. These audits are performed by a CPA or an Attorney prior to submitting an application to modify your home mortgage. (PRWeb Sep 5, 2009) Read the full story at http://www.prweb.com/releases ... (Sat, 05 Sep 2009 07:18:48 GMT)
Husband, wife charged in $2.3 million mortgage scam
SARATOGA SPRINGS — A more than four-month investigation into an alleged $2.3 million mortgage fraud scheme has led to the arrest of a Saratoga Springs couple. (Sat, 05 Sep 2009 09:28:32 GMT)
Mortgage For Farmington Polo Grounds Not Paid For, Lawsuit Claims
— As the organizers of a high-profile antiques expo prepare to welcome crowds to the Farmington Polo Grounds this weekend, the estate of the former owner of the property is seeking to evict them for failure to pay the mortgage. (Sat, 05 Sep 2009 09:46:55 GMT)
Kearny woman wins $100,000 toward mortgage in Guinness record-setting contest
PRNewsFoto/Guinness World RecordsFrom left, Brand Blanks of WPLJ, Eleo Hensleigh, chief marketing officer for ION television, Leslie Chesloff, ION's executive vice president of programming, and Carlos Martinez, an adjudicator for Guinness World Records, stand in the puffy peanut-filled moving box... (Sat, 05 Sep 2009 13:42:08 GMT)
Mortgage giants cement their role
A year after the near-collapse of Fannie Mae and Freddie Mac, the mortgage giants remain dependent on the government for survival and there is no end in sight. The companies, created by the government to ensure the availability of home loans, have tapped about $96 billion in government aid since they were seized a year ago this weekend. Without that money, the firms could have gone broke ... (Sat, 05 Sep 2009 14:27:20 GMT)
Husband, wife charged in $2.3 million mortgage scam
SARATOGA SPRINGS — A more than four-month investigation into an alleged $2.3 million mortgage fraud scheme has led to the arrest of a Saratoga Springs couple. (Sat, 05 Sep 2009 15:58:22 GMT)
Are you making the right decision getting a payday loan?
(ARA) - A payday loan can help someone through a one-time rough patch. But the amount that must be paid back can multiple fast, with interest rates so high it is impossible to keep up. (Sat, 05 Sep 2009 17:57:29 GMT)
NEW Developer sentenced for mortgage fraud
ST. LOUIS (AP) -- A St. Louis County developer has been sentenced to more than three years in federal prison for mortgage fraud. (Sat, 05 Sep 2009 21:09:25 GMT)
FBI makes arrests in mortgage fraud probe
FBI agents have made as many as 18 arrests today in connection with a mortgage fraud investigation, authorities said. Authorities are set to announce details of "Operation Madhouse" at a 3 p.m. press conference today at the Dirksen U.S. Courthouse. (Sat, 05 Sep 2009 23:13:30 GMT)
Will HSBC start a mortgage war?
Some predicted a mortgage price war after HSBC introduced a discount deal at 1.99 per cent last week, heading straight for the top of the best-buy tables. Although undoubtedly an eyecatching rate, will this really shake up the mortgage market? (Sat, 05 Sep 2009 23:31:36 GMT)
ASB drops floating mortgage rates, but experts caution over-borrowing
Real Estate agents are cautioning people against over-extending bank borrowing - despite a drop to floating home mortgage rates. (Sat, 05 Sep 2009 23:39:42 GMT)
First-home buyers fleeing bonus said to be inflating prices
An increasing number of first-home buyers are shunning the Federal Government's $14,000 boost and waiting until prices stabilise. (Sun, 06 Sep 2009 00:24:23 GMT)
Loan Modifications Your Saving Grace
FOR IMMEDIATE RELEASE:September 3, 2009 Many individuals are having a hard time paying their home mortgages during these times. If you happen to be in the same boat, there are two things that you can consider to try to get you out of the situation that you currently find yourself in.You wont need to ponder on these things for long as your answer will most likely stand out to you once... (Sun, 06 Sep 2009 00:43:06 GMT)
Mortgage Refinancing Lowering Your Associated Costs
FOR IMMEDIATE RELEASE:September 3, 2009 People usually prefer to go for a refinancing option when they understand that they cannot deal with the current interest rates, and find it next to impossible to make their payments in full, on time.Refinancing your existing loan is an option that is available through many financial institutions and mortgage companies. The variation with refinancing... (Sun, 06 Sep 2009 00:43:15 GMT)
Charged in mortgage scheme
SARATOGA SPRINGS — A more than four-month investigation into an alleged $2.3 million mortgage fraud scheme has led to the arrest of a Saratoga Springs couple. (Sun, 06 Sep 2009 05:16:56 GMT)
Developer sentenced for mortgage fraud
ST. LOUIS (AP) -- A St. Louis County developer has been sentenced to more than three years in federal prison for mortgage fraud. (Sun, 06 Sep 2009 06:38:11 GMT)
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