Mortgage News Oct 2009: mortgage refinancing, home loan, etc.

Your On-line Mortgage Guide

Custom Search

Home

Mortgage News Oct 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

Refinancing wave skips Inland region
A refinancing trend sweeping the nation isn't catching on here. (Sat, 10 Oct 2009 02:08:37 GMT)

Home buyers should pay attention to IRS Form 4506-T
Not just a harmless part of the paper blizzard, it potentially exposes otherwise confidential personal financial information to unknown and uncontrollable numbers of people. You might assume it's just another boring-looking piece of the paper blitz you're hit with when you apply for a home loan. But given IRS Form 4506-T's new prominence in the fraud-shocked mortgage market, it's much more than ... (Sat, 10 Oct 2009 02:47:02 GMT)

Banks Said to Settle Suit Over Mortgage Lender
JPMorgan Chase, Bear Stearns, Morgan Stanley and Credit Suisse Group agreed to pay $100 million to settle a lawsuit over their roles in the bankruptcy of a Philadelphia mortgage lender, a lawyer said. (Sat, 10 Oct 2009 02:48:00 GMT)

New tools to fight mortgage fraud
KylU.S. Senator As Arizonans know, the mortgage crisis hit our state particularly hard. When the bubble burst, many were left with homes they could no longer afford, and foreclosure became the unfortunate reality. (Sat, 10 Oct 2009 05:47:44 GMT)

Report: Mortgage relief needs revision
WASHINGTON — The Obama administration's effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 to 4 million borrowers and may simply delay mortgage defaults for many, a government watchdog group says. (Sat, 10 Oct 2009 06:04:23 GMT)

Housing: IRS's Form 4506-T is a key document for loan applicant to sign
WASHINGTON — You might assume it's just another boring-looking piece of the paper blitz you're hit with when you apply for a home loan. But given IRS Form 4506-T's new prominence in the fraud-shocked mortgage market, it's much more than just another document to sign. (Sat, 10 Oct 2009 07:21:12 GMT)

Mortgage woes still on rise in Merced County
The number of homeowners in Merced County that are more than 90 days past due on mortgage payments h (Sat, 10 Oct 2009 07:34:04 GMT)

Watchdog: Mortgage program needs work
WASHINGTON — The Obama administration’s effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 million to 4 million borrowers and may simply delay mortgage defaults for many, a government watchdog group says. (Sat, 10 Oct 2009 07:34:49 GMT)

Mortgage holder input sought
Have you tried to modify your home mortgage through the government's Making Home Affordable plan, only to be turned down by a bank or faced difficulties getting it approved? (Sat, 10 Oct 2009 07:39:36 GMT)

Many counties slow to launch state home loan program
Few people have signed up for state loans to get into a first home. Many may not be aware of the program. (Sat, 10 Oct 2009 08:30:35 GMT)

Bear mortgage brokers gets suspended sentence in state tax case
A Bear mortgage broker entered a guilty plea Monday in New Castle County Superior Court to tax charges filed by the State of Delaware. (Sat, 10 Oct 2009 13:03:49 GMT)

Watchdog: Mortgage program needs work
WASHINGTON — The Obama administration’s effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 million to 4 million borrowers and may simply delay mortgage defaults for many, a government watchdog group says. (Sat, 10 Oct 2009 13:34:38 GMT)

Move to plug the holes in mortgage umbrella
MORE than a million homebuyers are set to share £60 million compensation after insurance companies reneged on mortgage protection cover, just as unemployment soared and the ho (Sat, 10 Oct 2009 23:14:20 GMT)

Swan: AOFM To Buy Up To A$8 Billion Mortgage-Backed Securities
CANBERRA -(Dow Jones)- The Australian government said Sunday it will expand a government lifeline for residential mortgage-backed securities by up to 8 billion Australian dollars, in a move designed to further revive competition in the country's moribund securitization market. (Sun, 11 Oct 2009 00:18:32 GMT)

Mortgage market gets $8 billion boost
The federal government will invest $8b in new residential mortgage-backed securities to support the home lending market, Treasurer Wayne Swan says. (Sun, 11 Oct 2009 00:54:54 GMT)

Home loan relief difficult to find
The federal mortgage relief program continues to encounter challenges in Nevada, even as the Obama administration announced Thursday that it has helped 500,000 homeowners nationwide. (Sun, 11 Oct 2009 01:50:40 GMT)

Swan announces $8b mortgage market investment
The Federal Government has announced it will invest up to an extra $8 billion in residential new mortgage-backed securities to support competition in the home-lending market. (Sun, 11 Oct 2009 02:03:39 GMT)

Australia Extends Investment in Mortgage-Backed Securities
Oct. 11 (Bloomberg) -- Australia will increase its investment in residential mortgage-backed securities, Treasurer Wayne Swan said in an e-mailed statement today. (Sun, 11 Oct 2009 02:38:43 GMT)

Australia May Double Mortgage-Backed Bond Investments (Update1)
Oct. 11 (Bloomberg) -- Australia may double its investment in residential mortgage-backed securities to promote competition in the nation’s lending market and put “downward pressure” on borrowing costs. (Sun, 11 Oct 2009 02:51:42 GMT)

Australia sets A$8 bln in mortgage-backed securities
SYDNEY, Oct 11 (Reuters) - Australia's government is set to double its investment in mortgage-backed securities by making A$8 billion ($7.2 billion) in new funds available to support the market, Treasurer Wayne Swan said on Sunday. (Sun, 11 Oct 2009 04:35:22 GMT)

Unemployment fuels Gotham mortgage mess
More New Yorkers than ever are falling seriously behind on their mortgage payments and a 57 percent spike in unemployment in the city last year makes it unusually tough for homeowners to dig back out of the delinquency ditch. Add to this massive c... (Sun, 11 Oct 2009 05:16:05 GMT)

Govt invests $8 billion to assist mortgage market
The federal government will invest a further $8 billion of taxpayers' money in new residential mortgage-backed securities (RMBS) to support the home lending market, Treasurer Wayne Swan says. (Sun, 11 Oct 2009 05:43:39 GMT)

New tools to fight mortgage fraud
KylU.S. Senator As Arizonans know, the mortgage crisis hit our state particularly hard. When the bubble burst, many were left with homes they could no longer afford, and foreclosure became the unfortunate reality. (Sun, 11 Oct 2009 05:48:59 GMT)

Mortgage rates remain below 5 percent mark
McLEAN, Va. – Average rates for 30-year home loans stayed below 5 percent for the second consecutive week, kick-starting refinancing activity, Freddie Mac said Thursday. (Sun, 11 Oct 2009 06:07:09 GMT)

Harney: IRS form takes on new importance with home loans
You might assume it's just another boring-looking piece of the paper blitz you're hit with when you apply for a home loan. (Sun, 11 Oct 2009 06:13:16 GMT)

Home buyers should pay attention to IRS Form 4506-T
Not just a harmless part of the paper blizzard, it potentially exposes otherwise confidential personal financial information to unknown and uncontrollable numbers of people. You might assume it's just another boring-looking piece of the paper blitz you're hit with when you apply for a home loan. But given IRS Form 4506-T's new prominence in the fraud-shocked mortgage market, it's much more than ... (Sun, 11 Oct 2009 07:22:06 GMT)

IRS Form 4506-T tweaked to battle loan fraud
You might assume it's just another boring-looking piece of the paper blitz you're hit with when you apply for a home loan. But given IRS Form 4506-T's new prominence in the fraud-shocked mortgage market, it's much more than just another document to sign. The... (Sun, 11 Oct 2009 07:33:26 GMT)

Mortgage rates remain below 5 percent
Average rates for 30-year home loans stayed below 5 percent for the second straight week, kick-starting refinancing activity, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage was 4.87 percent, down from 4.94 percent the previous week,... (Sun, 11 Oct 2009 07:33:45 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, 11 Oct 2009 08:02:44 GMT)

Watchdog criticizes mortgage bailout
Washington -- The Obama administration's effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 million to 4 million borrowers and may simply delay mortgage defaults for many, a government watchdog group says. (Sun, 11 Oct 2009 08:03:25 GMT)

Australia To Invest A$8 Bln In Residential Mortgage-Backed Securities: Treasurer
(RTTNews) - Sunday, Australian Treasurer Wayne Swan announced an extension to the Government's investment in Australian residential mortgage-backed securities to further support competition in the mortgage market. (Sun, 11 Oct 2009 10:45:10 GMT)

Bear mortgage brokers gets suspended sentence in state tax case
A Bear mortgage broker entered a guilty plea Monday in New Castle County Superior Court to tax charges filed by the State of Delaware. (Sun, 11 Oct 2009 12:03:51 GMT)

For mortgages, 620 is the magic number
If your credit score is lower than 620, getting a home loan will be difficult With low mortgage rates and a federal incentive for first-time homebuyers, you might be enticed to buy a place or refinance the one you're in. (Sun, 11 Oct 2009 12:50:56 GMT)

Swan lifts mortgage assistance
Australians will be "quite angry" if the big four banks increase mortgage rates beyond moves by the Reserve Bank, Treasurer Wayne Swan says. (Sun, 11 Oct 2009 12:55:24 GMT)

Banks warned on mortgage rate rises
AUSTRALIANS will be ''quite angry'' if the big four banks increase mortgage rates beyond moves by the Reserve Bank, the Treasurer, Wayne Swan, said as he announced measures to boost the ability of smaller lenders to offer mortgages. (Sun, 11 Oct 2009 13:11:33 GMT)

Bear mortgage broker gets suspended sentence for failing to file state tax return
A Bear mortgage broker entered a guilty plea Monday in New Castle County Superior Court to tax charges filed by the State of Delaware. (Sun, 11 Oct 2009 15:28:55 GMT)

Doyle keen on Blues loan departure
Colin Doyle has reiterated his desire to join another club on loan after becoming frustrated with life as Birmingham's third-choice goalkeeper. (Sun, 11 Oct 2009 17:07:48 GMT)

Major banks warned on mortgage rate rises
Australians will be 'quite angry' if the big four banks increase mortgage rates beyond moves by the Reserve Bank. (Sun, 11 Oct 2009 22:25:54 GMT)

(AFX UK Focus) 2009-10-12 00:51 Australia sets A$8 bln in mortgage-backed securities
SYDNEY, Oct 11 (Reuters) - Australia's government is set to double its investment in mortgage-backed securities by making A$8 billion ($7.2 billion) in new funds available to support the market, Treasurer Wayne Swan said on Sunday. "This investment will provide a major boost to smaller lenders and promote competition in the mortgage market, helping to put downward pressure on borrowing rates ... (Mon, 12 Oct 2009 00:13:49 GMT)

Mortgage company checks are bouncing
According to Mortgagedaily.com, a website that tracks failed lenders, 164 mortgage related firms nationwide have collapsed or shut their doors from Jan. 1, through Oct. 2 of 2009. (Mon, 12 Oct 2009 02:00:37 GMT)

S. Fla. banks and borrowers struggle with loan modifications
Sides have sharply different understanding of what it means to modify a mortgage Earlier this year, the Weisses agreed to a loan modification with Bank of America, only to have the bank take the offer back. The Weisses sued. Now the bank is moving toward foreclosure, even though the Weisses are making mortgage payments. (Mon, 12 Oct 2009 04:17:11 GMT)

WA low-interest home lender Keystart hikes rates
The State Government-sponsored Keystart scheme follows the big banks and ups home loan rate. (Mon, 12 Oct 2009 05:10:33 GMT)

Lucrative mortgage deals are likely to last a few more months, experts say
If you've been waiting to see how low mortgage rates can go, you can stop. This is it. The latest surveys show the national average rate on 30-year mortgages stayed below 5 percent for the second or third week in a row, depending on which surveys you choose. While these ultra-low rates aren't likely to last for long, experts say rates will hover around 5.5 percent for at least a few months more. (Mon, 12 Oct 2009 05:15:20 GMT)

Keystart lifts home-loan rates
STATE Government assistance program Keystart will raise its home-loan interest rate for existing customers by 25 basis points to 5.24 per cent. (Mon, 12 Oct 2009 05:30:00 GMT)

New tools to fight mortgage fraud
KylU.S. Senator As Arizonans know, the mortgage crisis hit our state particularly hard. When the bubble burst, many were left with homes they could no longer afford, and foreclosure became the unfortunate reality. (Mon, 12 Oct 2009 06:02:44 GMT)

Mortgage lending dips in August
The number of new mortgages granted fell back slightly in August to 53,000 from 56,000 in July, mortgage lenders say. (Mon, 12 Oct 2009 08:57:40 GMT)

Home Loan Recovery Continues With 29% Jump
The number of mortgages approved for house purchase rose 29% in August compared with the same month a year ago, latest industry figures show. (Mon, 12 Oct 2009 09:15:50 GMT)

GSIS oks moratorium on loan payments
MANILA - Government Service Insurance System (GSIS) members who were affected by the recent calamities can soon take a one-year loan-payment holiday, the state pension fund announced. (Mon, 12 Oct 2009 09:37:34 GMT)

Writedowns on Mortgage Servicing Make Even JPMorgan Vulnerable
Oct. 12 (Bloomberg) -- The four biggest U.S. banks by assets may have to take writedowns on $55 billion of mortgage- collection contracts after marking them up by $11 billion in the second quarter, casting a shadow over earnings. (Mon, 12 Oct 2009 09:51:52 GMT)

UK Aug. Mortgage Approvals Rise: CML
(RTTNews) - Monday, UK's Council of Mortgage Lenders said the number of house purchase loans in August totaled 52,700, up 29% from the same period of last year. However, mortgage approvals dropped 5% from July. There were 19,200 loans to first-time buyers and 33,400 loans to home movers. (Mon, 12 Oct 2009 10:15:40 GMT)

FSA bans East London mortgage broker for misleading lenders
The Financial Services Authority (FSA) has banned East London based mortgage broker, Ayodele Olubunmi Thomas, for knowingly submitting false and misleading information about his income to obtain mortgages and loan advances. (Mon, 12 Oct 2009 10:27:39 GMT)

Mortgage Servicing May Return to Haunt Banks
The four biggest U.S. banks by assets may have to take writedowns on $55 billion of mortgage- collection contracts after marking them up by $11 billion in the second quarter, casting a shadow over earnings, Bloomberg News reported. (Mon, 12 Oct 2009 10:30:58 GMT)

Britain has 'twospeed' mortgage market
A twospeed mortgage market has developed as lending for house purchase improves but remortgaging remains subdued new figures show. (Mon, 12 Oct 2009 10:32:56 GMT)

Xerox Helps Mortgage Lenders Cut Costs, Adapt to Market Conditions, Stay Competitive
SAN DIEGO----The dynamic mortgage market is challenging lenders to find a better process to keep up with fluctuating loan demands. To meet these changing demands, more and more mortgage lenders are turning to Xerox Corporation for faster, more cost-effective loan document processing. (Mon, 12 Oct 2009 11:00:00 GMT)

LogicEase Launches LendingEase e-University to Provide Dynamic Online Training Solutions for Banks and Mortgage Lenders
As a Nationwide Mortgage Licensing System approved course provider, LendingEase provides comprehensive education, training and learning management (Mon, 12 Oct 2009 11:00:00 GMT)

Mortgage lending dips in August
The number of new mortgages granted for house purchase fell slightly in August to 53,000 from 56,000 in July, the Council of Mortgage Lenders (CML) says.However, the figure was 29% higher than in Augu... (Mon, 12 Oct 2009 11:20:20 GMT)

Just $120 a month goes a long way to pay down mortgage
Q: I am told by my mortgage holder that by paying $120 a month more, I will achieve the same principal and interest payments as though I were paying my mortgage every two weeks. I have a $251,182.30 outstanding on... (Mon, 12 Oct 2009 12:13:08 GMT)

Answer Desk: Getting mortgage help
There are people out there who can help save your home from a bad mortgage. But you have to pick very carefully. The Answer Desk. (Mon, 12 Oct 2009 12:21:17 GMT)

Mortgage bonds market takes own steps
Small banks including Members Equity and Bank of Queensland are expected to test the appetite for mortgage-backed bonds among private investors. (Mon, 12 Oct 2009 13:19:13 GMT)

Fitch:Comm Mortgage Delinquencies Rise In Sep, Led By Hotels
Fitch Ratings said that U.S. commercial mortgage-bond securities delinquencies resumed their climb in September, led by hotel-sector woes, after holding steady a month earlier. (Mon, 12 Oct 2009 14:33:42 GMT)

AC Milan's Galliani Says Beckham Loan 'Probable'
AC Milan CEO Adriano Galliani says it's likely David Beckham will join the club on loan from the Los Angeles Galaxy again in January. (Mon, 12 Oct 2009 14:41:47 GMT)

Board OKs loan to get rid of bed bugs
BRATTLEBORO -- Speaking publicly for the first time, the owner of an 8-unit apartment building on Canal Street that is infested with bed bugs said he needed a $3,000 low-interest loan to clean up his property. (Mon, 12 Oct 2009 15:44:06 GMT)

Cameron asked to clarify mortgage situation
David Cameron has been asked to provide documentation explaining why he decided to repay £218.96 in mortgage interest on his constituency home. (Mon, 12 Oct 2009 16:49:07 GMT)

Former Whitestone man gets 6 months in fraud plea
After pleading guilty to charges of tax, mortgage and credit card fraud in 2008, a former Whitestone resident was sentenced in Queens Supreme Court Friday to six months in jail and forced to pay $350,000 in restitution to two banks and $65,000 in penalties to the state Department of Taxation and Finance. (Mon, 12 Oct 2009 17:50:19 GMT)

Free tips on home ownership
Ent Federal Credit Unit is holding a free seminar on home ownership, including the availability of loan programs and how to budget for a down payment, 6-7 p.m. Wednesday at Deerfield Hills Community Center, 4290 Deerfield Hills Road. Register at... (Mon, 12 Oct 2009 19:26:59 GMT)

Indianapolis man pleads guilty in mortgage fraud scheme
An Indianapolis man pleaded guilty for his role in a mortgage fraud scheme involving hundreds of homes in Indianapolis. (Mon, 12 Oct 2009 19:37:36 GMT)

ANZ lifts fixed mortgage rates
ANZ National has cut some of its variable home lending rates and increased fixed-term mortgage rates. (Mon, 12 Oct 2009 19:58:25 GMT)

Making FHA Loan Limits Permanent Crucial to Housing Recovery
RISMEDIA, October 13, 2009—Making the current FHA loan limits permanent would ensure liquidity in the housing market and make mortgages more affordable for qualified buyers at a time when the market is showing signs of a fragile recovery, the National Association of Realtors® recently testified to the House Subcommittee on Housing ... (Mon, 12 Oct 2009 20:34:03 GMT)

Home-buyer tax credit renewal 'very close': MBA
The expansion -- or, at a minimum, extension -- of the $8,000 first-time-home-buyer tax credit that is set to expire Nov. 30 is at the top of the legislative agenda for the Mortgage Bankers Association, with one of the MBA’s leaders saying the trade group is “very close” to winning that battle in Congress. (Mon, 12 Oct 2009 20:45:55 GMT)

Some Tenants Pay The Price For Mortgage Excesses
When the real estate market crashed, many developers found themselves saddled with apartments that bring in far less money than they need to pay the loans on the properties. Now, more than 70,000 New York City apartment units are in foreclosure or at risk of it. (Mon, 12 Oct 2009 21:03:57 GMT)

Low home mortgage rates a boon to loan offices
Home mortgage interest rates are at their lowest point ever, according to lenders across the country and in southwest Oklahoma, some even in the 4% range. (Mon, 12 Oct 2009 22:26:57 GMT)

One-stop home buyer's shop
HOME buyers on the Northern Rivers can access a home loan and find the house of their dreams at Century 21 Real Estate offices since a Gold Coast-based finance brokers firm bought the franchise a week ago. (Mon, 12 Oct 2009 23:02:04 GMT)

Fannie, Freddie Focus on Obama’s Mortgage Program, CEOs Say
Oct. 12 (Bloomberg) -- Fannie Mae and Freddie Mac have made supporting President Barack Obama’s mortgage-modification program a main focus of their business in recent months, the government-run companies’ chief executive officers said. (Mon, 12 Oct 2009 23:22:39 GMT)

Assured Guaranty Units Get Downgrade by Fitch for Mortgage Risk
Oct. 12 (Bloomberg) -- Assured Guaranty Corp. and Financial Security Assurance Holdings Ltd., the biggest municipal-bond insurers, were downgraded by Fitch Ratings over their exposure to the home-mortgage market. (Mon, 12 Oct 2009 23:40:05 GMT)

Mortgage protection bills could rise 40%
MORTGAGE holders face hikes of 40% or more in their mortgage protection premiums because so many people are claiming on their policies due to loss of earnings in the recession. (Tue, 13 Oct 2009 00:29:40 GMT)

Schwarzenegger signs seven mortgage bills
The approved measures provide a variety of home loan protections for consumers, including a ban on so-called negative-amortization loans. In a flurry of end-of-session bill signings, Gov. Arnold Schwarzenegger approved seven new laws that provide a range of consumer protections to home-mortgage holders and may allow some to hold on to their houses. (Tue, 13 Oct 2009 01:36:56 GMT)

ANZ National lifts mortgage rates
ANZ National has announced a raft of mortgage rate changes for both the ANZ and National banks, but the changes are surprisingly different across the two brands.ANZ has left its standard variable rate unchanged at 6.45 per cent,... (Tue, 13 Oct 2009 01:42:34 GMT)

Mortgage broker now facing $6.1 million fraud charges
A mortgage broker already accused of fraud involving up to $5 million has been charged with new offences involving a further $1.1 million. (Tue, 13 Oct 2009 03:21:38 GMT)

Reverse mortgage market 'still growing'
The reverse mortgage market continued to grow through the global financial crisis but at a slower rate. (Tue, 13 Oct 2009 03:42:27 GMT)

Reverse mortgage market 'still growing'
The reverse mortgage market continued to grow through the global financial crisis but at a slower rate than previous years, research shows. (Tue, 13 Oct 2009 03:49:18 GMT)

Here's how to survive fallout from credit crisis
With low mortgage rates and a federal incentive for first-time homebuyers, you might be enticed to buy a place or refinance the one you're in. (Tue, 13 Oct 2009 04:15:06 GMT)

Mortgage Numbers Down But Rising
Keith Barger, an executive vice president at Patriot Bank, said the Millington-based community bank has considered itself blessed throughout 2009.Busi.... (Tue, 13 Oct 2009 05:14:43 GMT)

New tools to fight mortgage fraud
KylU.S. Senator As Arizonans know, the mortgage crisis hit our state particularly hard. When the bubble burst, many were left with homes they could no longer afford, and foreclosure became the unfortunate reality. (Tue, 13 Oct 2009 05:32:44 GMT)

Pomeroy approves loan to purchase building
POMEROY — Pomeroy Village Council passed the third and final reading of an ordinance Monday which permits Mayor John Musser and Clerk-Treasurer Kathy Hysell to sign off on a loan for the remodel an... (Tue, 13 Oct 2009 05:56:36 GMT)

Home-loan deposits shrink
The average deposit paid by home buyers has fallen from 17.6% a year ago to 12.5%, a new survey shows. (Tue, 13 Oct 2009 06:12:25 GMT)

Reverse mortgage market's slow growth
The reverse mortgage market continued to grow through the global financial crisis but at a slower rate. (Tue, 13 Oct 2009 07:10:06 GMT)

UK Sept. RPI Excld. Mortgage Interest Payments Rise 1.3% On Year, Consensus 1.2%
(RTTNews) - UK Sept. RPI Excld. Mortgage Interest Payments Rise 1.3% On Year, Consensus 1.2% (Tue, 13 Oct 2009 08:45:10 GMT)

Home values expected to fall 10% nationally
The nation's mortgage bankers painted a short-term gloomy picture of the housing market yesterday, even as they described steps they are taking to revive the home lending industry. (Tue, 13 Oct 2009 09:16:20 GMT)

Work history key to refinance approval
Lenders scrutinize work history before deciding whether to approve applications for new loans. (Tue, 13 Oct 2009 10:00:00 GMT)

Former Bear Stearns Residential Mortgage CEO and Former Lone Star Funds Veteran Launch Mortgage Platform for First ...
PHOENIX, AZ--(Marketwire - October 13, 2009) - Jeff Walton, the former CEO of Bear Stearns Residential Mortgage and Greg Russell, formerly a Managing Director of Hudson Advisors, the asset management operation for Lone Star Funds, announced today that they have joined forces with First Arizona Savings FSB to launch a residential mortgage origination platform, focused on opportunities in the ... (Tue, 13 Oct 2009 10:01:50 GMT)

KFAED signs loan agreement of KD15m in Morocco
KFAED signs loan agreement of KD15m in Morocco (Tue, 13 Oct 2009 10:38:37 GMT)

Work history key to refinance approval
Dear Dr. Don, If you are laid off but are lucky enough to get employed quickly, could you refinance your existing mortgage? I have a very good credit rating, and the only debt I carry is the mortgage. Everything else is paid in full. (Tue, 13 Oct 2009 10:57:50 GMT)

Thirty-Year Fixed Mortgage Rates Dip Slightly; More Than Half of Borrowers Hoping to Refinance
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 4.95 (Tue, 13 Oct 2009 12:01:00 GMT)

Houston Stadium Bond Refinance Looms as Swaps Squeeze Taxpayers
Oct. 13 (Bloomberg) -- Harris County-Houston Sports Authority, which built the Texas city’s 71,500-seat National Football League stadium, may need to refinance $1 billion in debt and pay as much as $142 million ahead of schedule on bonds and interest-rate swaps. (Tue, 13 Oct 2009 12:07:48 GMT)

Houston Stadium Bond Refinance Looms as Swaps Squeeze Taxpayers
Oct. 13 (Bloomberg) -- Harris County-Houston Sports Authority, which built the Texas city’s 71,500-seat National Football League stadium, may need to refinance $1 billion in debt and pay as much as $142 million ahead of schedule on bonds and interest-rate swaps. (Tue, 13 Oct 2009 13:00:27 GMT)

PRESS RELEASE:Fitch Cuts Landmark 2,Junior Classes Landmark 1
Fitch Ratings-London-13 October 2009: Fitch Ratings has today downgraded all six tranches of Landmark Mortgages Securities No.2 plc (Landmark 2) and three junior tranches of Landmark Mortgages Securities No.1 plc (Landmark 1). These UK non-conforming RMBS transactions are backed by mortgage loans originated by Amber Home Loans, Unity Home Loans and Infinity Mortgages. (Tue, 13 Oct 2009 16:48:32 GMT)

Mortgage scams target Long Island
The buyer went in to obtain a mortgage after having references and income checked and work prepared by an attorney. The credentials were impeccable. The deal was simple and smooth. There was only one problem: The buyer didn’t exist. This is the core of a case that was filed last week, charging elaborate mortgage fraud on [...] (Tue, 13 Oct 2009 17:42:02 GMT)

Fannie, Freddie Focus on Obama’s Mortgage Program, CEOs Say
Oct. 12 (Bloomberg) -- Fannie Mae and Freddie Mac have made supporting President Barack Obama’s mortgage-modification program a main focus of their business in recent months, the government-run companies’ chief executive officers said. (Tue, 13 Oct 2009 17:52:46 GMT)

Entrepreneurial Kegley girls apply for loan, start Hereford herd
KEARNEY - That two young girls could get a loan during a recession might be tough to believe. (Tue, 13 Oct 2009 18:13:12 GMT)

Foreclosures still driving E.V. home market
The Valley’s existing home market was dominated by foreclosure homes last month as two-thirds of transactions involved either new foreclosures or resales of recently foreclosed properties. (Tue, 13 Oct 2009 18:30:03 GMT)

$8,000 home loan program has few takers
A $30 million home loan program approved by Florida Legislators this year has garnered little interest from Palm Beach County homebuyers with few applications completed and no money awarded despite a looming deadline. (Tue, 13 Oct 2009 18:42:53 GMT)

Newport News man sentenced in mortgage fraud
A Newport News man was sentenced to 19 years in prison Tuesday after being found guilty in a Peninsula mortgage fraud scheme in May. (Tue, 13 Oct 2009 19:42:17 GMT)

Mortgage Lending Still ‘Relatively Fragile,’ BofA’s Desoer Says
Oct. 13 (Bloomberg) -- The mortgage industry remains “relatively fragile,” in part because it has been bolstered by government aid, the head of Bank of America Corp.’s home-loan unit said. (Tue, 13 Oct 2009 19:45:38 GMT)

Now Couldnt Be a Better Time to Buy a Manufactured Home
Economic indicators suggest that the current housing market crisis is starting to recover, as mortgage rates have dipped to an all-time low, and home inventories have started to decline. Interest rates remain low, but for how long? (Tue, 13 Oct 2009 19:52:10 GMT)

Majority of Mortgage Lenders Will Implement Analytic Solutions to Reduce Mortgage Re-Defaults
MINNEAPOLIS----With minimal resources available to them, few mortgage servicers have invested sufficiently in data management and predictive analytics to adequately identify borrowers most at risk -- but this appears to be changing, according to new research conducted by TowerGroup, a leading research and advisory firm, and distributed by FICO , a leader in analytics and Decision Management ... (Tue, 13 Oct 2009 19:58:00 GMT)

Fitch Rates Oglethorpe Power Corp.'s $400MM Series 2009B First Mortgage Bonds 'A'; Outlook Stable
NEW YORK----Fitch Ratings assigns an 'A' rating to $400 million Oglethorpe Power Corporation's first mortgage bonds, series 2009B that are anticipated to mature in 2029 . OPC expects to issue in October 2009. (Tue, 13 Oct 2009 20:08:00 GMT)

Mortgage Industry Remains ‘Fragile,’ Desoer Says (Update1)
Oct. 13 (Bloomberg) -- The mortgage industry remains “relatively fragile,” in part because it has been bolstered by government aid, the head of Bank of America Corp.’s home-loan unit said. (Tue, 13 Oct 2009 20:23:00 GMT)

Senators back military student-loan relief
Service members carrying student loans that originated before Oct. 1, 2008, would get a 60-month reprieve from having interest accrue on their debt, under a bipartisan Senate bill.The proposal, which builds on a student loan bill enacted last year that deferred interest on new loans, would save between $1,183 and $1,479 in interest for the typical service member over a 12- to 15-month deployment ... (Tue, 13 Oct 2009 20:39:35 GMT)

$5.5 Million to NH Community Loan Fund
The nonprofit lender is first in the nation to provide conventional-type mortgages to owners of homes in cooperatively owned manufactured home parks. (Tue, 13 Oct 2009 21:17:52 GMT)

Virginia man gets 20 years for mortgage fraud
A Newport News man has been sentenced to 20 years in prison for running an elaborate mortgage fraud scheme. U.S. District Judge Robert Doumar on Tuesday also ordered 45-year-old Richard Garries to pay more than $900,000 in restitution. (Tue, 13 Oct 2009 21:32:58 GMT)

MBA: Foreclosures, unemployment to peak next year
Foreclosures will peak by the end of next year and unemployment will climb above 10 percent as the housing market and U.S. economy grapple with the aftermath of the recession, the Mortgage Bankers Association's chief economist said Tuesday. Jay Brinkmann's... Sponsored Topics: Mortgage Bankers Association - Foreclosure - Business - Financial Services - Banking Services (Tue, 13 Oct 2009 21:44:59 GMT)

Foreclosures Will Peak at End of 2010, Mortgage Bankers Say
Oct. 13 (Bloomberg) -- Foreclosure rates will continue to climb through late next year, peaking only after the U.S. unemployment rate reaches 10.2 percent in the second quarter, the Mortgage Bankers said. (Tue, 13 Oct 2009 22:07:49 GMT)

Mortgage fraud down, but not out
‘A good crook can beat a smart lawyer any day of the week.” That's the view of Sidney Troister of Torkin Manes LLP of Toronto, who says that he has seen lots of crooks in his 12 years fighting mortgage fraud, and that the schemes just keep coming. (Tue, 13 Oct 2009 22:14:13 GMT)

Mortgage Bankers Assn. sees foreclosures, unemployment peaking in 2010, home sales up 11 pct
Huh? During the presidential campaign, Obama said unemployment would peak in April at 6%. Now we are at almost 10%. And now it will continue for … read more another year?! And next year will they say it will continue for another year?! (Tue, 13 Oct 2009 22:21:44 GMT)

TD Bank, Scotiabank latest to raise mortgage rates
Several Canadian banks are increasing the cost of taking out a mortgage with them. (Tue, 13 Oct 2009 22:30:48 GMT)

Man gets 20 years for mortgage fraud
NEWPORT NEWS—A Newport News man has been sentenced to 20 years in prison for running an elaborate mortgage fraud scheme. U.S. District Judge Robert Doumar today also ordered 45-year-old Richard Garries to pay more than $900,000 in restitution. Garries was convicted in May on 24 charges, including conspiracy, fraud and money laundering. According to evidence, Garries resold or “flipped ... (Tue, 13 Oct 2009 22:39:54 GMT)

Housing could take double dip down in 2010
Despite signs of stabilization at the end of 2009, next year could prove treacherous for the housing and mortgage markets as a variety of woes could rekindle the falloff of the last two years, according to mortgage-industry veterans speaking at the Mortgage Bankers Association annual convention here Tuesday. (Tue, 13 Oct 2009 23:15:40 GMT)

$8,000 tax credit deadline looming for first time home buyers
A "tax-credit countdown clock" tics down on the Edina Realty website. It marks the November 30th deadline for new home (Wed, 14 Oct 2009 00:17:58 GMT)

MBA: Foreclosures, unemployment to peak next year
Foreclosures will peak by the end of next year and unemployment will climb above 10 percent as the housing market and U.S. economy grapple with the aftermath of the recession, the Mortgage Bankers Association's chief economist said Tuesday. (Wed, 14 Oct 2009 00:21:43 GMT)

TD Bank, Scotiabank latest to raise mortgage rates
OTTAWA -- Several Canadian banks are increasing the cost of taking out a mortgage with them. On Tuesday, TD Bank said it is raising rates on fixed mortgages, with the five-year posted rate increasing... (Wed, 14 Oct 2009 00:22:02 GMT)

Mortgage Fraud Lawsuits Net $1.3 Million
The Arizona Attorney General's Office has secured more than $1.3 million in civil penalties for consumers as a result of two mortgage fraud lawsuits. (Wed, 14 Oct 2009 00:39:38 GMT)

8 indicted on mortgage fraud charges in Wellington deals
Eight South Florida licensed mortgage brokers, title agents or so-called straw buyers were charged today with lying to purchase five homes in the tony Wellington community of Versailles. (Wed, 14 Oct 2009 01:42:22 GMT)

White family acquire Loan Market Group
The White family, owners of national real estate group Ray White, have acquired more shares Loan Market Group to take full ownership of the mortgage broker. (Wed, 14 Oct 2009 01:56:33 GMT)

Mortgage professionals expect home foreclosures to keep rising
Executives and economists at the Mortgage Bankers Assn. convention say job losses have replaced adjustable subprime loans as the main cause of defaults. Despite sub-5% mortgage rates and signs that home prices have bottomed out in some places, executives and economists are decidedly downbeat about the future of the country's mortgage industry as well as the housing market it depends on. (Wed, 14 Oct 2009 05:22:06 GMT)

New tools to fight mortgage fraud
KylU.S. Senator As Arizonans know, the mortgage crisis hit our state particularly hard. When the bubble burst, many were left with homes they could no longer afford, and foreclosure became the unfortunate reality. (Wed, 14 Oct 2009 05:47:44 GMT)

N.H. Loan Fund wins home $5.5m national honor
The New Hampshire Community Loan Fund has been named the winner of the prestigious and lucrative 2009 Wachovia NEXT Award for Opportunity Finance. (Wed, 14 Oct 2009 08:13:26 GMT)

Simple-interest savings can add up
Making payments a month early reduces the interest expense on a simple-interest mortgage. (Wed, 14 Oct 2009 10:00:00 GMT)

U.K. Home Market Fragile on Loan Squeeze, Lobby Says (Update1)
Oct. 14 (Bloomberg) -- The U.K. housing market will struggle to sustain a recovery unless lending picks up, the head of Britain’s main homebuilding lobby group said. (Wed, 14 Oct 2009 10:04:40 GMT)

Most mortgage seekers want 80%-plus
More than a third of people looking to take out a mortgage have a deposit of 20% or less, research has shown. Moneysupermarket.com said a third of mortgage searches carried out on its website during September were done by people looking to borrow at least 80% of the value of their home. (Wed, 14 Oct 2009 10:26:16 GMT)

California approves laws to offer consumers home loan protection
California Governor Arnold Schwarzenegger has signed several laws in the past days to address the failures in the mortgage industry to better protect consumers from home loan fraud. AB 260, one of the most comprehensive new mortgage reform laws in the United States, was signed into law by the governor Sunday night. The legislation is designed to bring trust and security back to the state's ... (Wed, 14 Oct 2009 10:48:01 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, 14 Oct 2009 11:01:19 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 5.25 1.11 5.02 14 -6 -145 15-Year Fixed 4.70 1.04 4.44 12 3 -173 ARM, 1-Yr Tsy 6.79 0.32 6.71 15 10 5 FHA 203 (b) 5.95 1.05 5.77 25 29 -108 All rates except FHA 203(b) are for 80% loan-to-value mortgage. (Wed, 14 Oct 2009 11:01:59 GMT)

Upstart Mortgage Planner and Best-Selling Author Nolan Matthias Joins Mortgage Architects
CALGARY, ALBERTA--(Marketwire - Oct. 14, 2009) - Mortgage Architects continues to aggressively grow in Alberta with the signing of lead planner Nolan Matthias, a new-generation mortgage planner and author of the best-selling book Golf Balls Don't Float , a look at how lessons learned as a competitive golfer translate into success in both business and life. "I chose Mortgage Architects because of ... (Wed, 14 Oct 2009 11:18:07 GMT)

Mortgage rates creep up, applications fall: MBA
Mortgage applications fell a seasonally adjusted 1.8% last week compared with the week before, as mortgage rates rose, the Mortgage Bankers Association reports. (Wed, 14 Oct 2009 11:30:40 GMT)

JPMorgan earns $3.6B, but loan losses remain high
JPMorgan Chase, the first of the big banks to report third-quarter earnings, said Wednesday its loan losses are still high and are expected to remain that way for the foreseeable future, a troubling sign for the economy. (Wed, 14 Oct 2009 11:39:11 GMT)

Simple-interest savings can add up
Dear Dr. Don, My wife and I are in the process of refinancing our home from a traditional 30-year fixed into a 15-year simple-interest mortgage. We signed all of our papers and did not know that we went from a traditional mortgage into a simple-interest version. (Wed, 14 Oct 2009 11:42:20 GMT)

JPMorgan earns $3.6B, but loan losses remain high
JPMorgan Chase, the first of the big banks to report third-quarter earnings, said Wednesday its loan losses are still high and are expected to remain that way for the foreseeable future, a troubling sign for the economy. While JPMorgan reported a $3.59... Sponsored Topics: JPMorgan Chase - Business - Financial Services - Citigroup - Directories (Wed, 14 Oct 2009 11:45:19 GMT)

JPMorgan earns $3.6B, but loan losses remain high
JPMorgan Chase, the first of the big U.S. banks to report third-quarter earnings, said Wednesday its loan losses are still high and are expected to remain that way for the foreseeable future, a troubling sign for the economy. (Wed, 14 Oct 2009 11:45:48 GMT)

JPMorgan earns $3.6B, but loan losses remain high
JPMorgan Chase (JPM), the first of the big U.S. banks to report third-quarter earnings, says its loan losses are still high and are expected to remain that way for the foreseeable future, a troubling sign for the economy. (Wed, 14 Oct 2009 11:48:52 GMT)

Central Bank of India sees 25 pct FY10 home loan growth
MUMBAI, Oct 14 (Reuters) - Central Bank of India expects a 25 percent growth in home loans for the year ending March 2010, Chairman and Managing Director S. Sridhar said on Wednesday. (Wed, 14 Oct 2009 11:58:44 GMT)

Central Bank of India sees 25 pct FY10 home loan growth
MUMBAI, Oct 14 (Reuters) - Central Bank of India expects a 25 percent growth in home loans for the year ending March 2010, Chairman and Managing Director S. Sridhar said on Wednesday. (Wed, 14 Oct 2009 11:58:44 GMT)

No shame in walking away from mortgage
Borrowers who “strategically default” and walk away from mortgages with the thinking they're better off taking the risk aren't abusing system. They're using it the way it's designed to be used. (Wed, 14 Oct 2009 12:06:21 GMT)

U.S. MBA Mortgage Applications Index Fell 1.8 Percent Last Week
Oct. 14 (Bloomberg) -- Mortgage applications in the U.S. fell last week from the highest level in four months as borrowing costs increased. The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan declined by 1.8 percent to 742.9 in the week ended Oct. 9 from 756.3 a week earlier. (Wed, 14 Oct 2009 12:38:31 GMT)

Oakland Museum burns loan note after paying off mortgage
Last week, the Oakland Museum officially paid off the $275,000 loan debt owed on the 11-acre property near Arrington that is home to the Nelson County Museum of History museum. (Wed, 14 Oct 2009 12:39:03 GMT)

No shame in walking away from mortgage
Last month a study from the credit reporting agency Experian and consulting outfit Oliver Wyman estimated that close to a fifth of troubled mortgages involved borrowers who were “strategically” de... (Wed, 14 Oct 2009 13:08:14 GMT)

Paying a mortgage with a windfall not so simple
Q. I have two mortgages. The first is $137,000, with a 15-year fixed rate at 5 percent with nine years remaining. Monthly payments are $1,600, of which $1,000 goes to the principal. The second is an interest-only line of credit... (Wed, 14 Oct 2009 13:28:08 GMT)

MBA: Mortgage Applications Drop As Interest Rates Rise
The Mortgage Bankers Association reported that its market composite index, which measures mortgage loan application volume, decreased 1.8 percent on a seasonally adjusted basis after rising 16.4 percent the previous week. (Wed, 14 Oct 2009 13:32:00 GMT)

Mortgage activity fell in week
WASHINGTON, Oct. 14 (UPI) -- The volume of applications for U.S. mortgages decreased 1.8 percent last week as interest rates rose slightly, an industry trade group said. (Wed, 14 Oct 2009 15:29:15 GMT)

Wolters Kluwer Financial Services Wins Mortgage Technology Magazine's Fix-It Award with Loss Mitigation Service
MINNEAPOLIS----Wolters Kluwer Financial Services has won Mortgage Technology magazine’s 2009 Fix-It Award with its Loss Mitigation Service. Mortgage Technology presents the award each year to the company, product or technology application the publication feels has provided the industry with a technology tool that helps it address an industry problem, need or channel. (Wed, 14 Oct 2009 16:23:00 GMT)

Mortgage professionals expect home foreclosures to keep rising
Executives and economists at the Mortgage Bankers Assn. convention say job losses have replaced adjustable subprime loans as the main cause of defaults. Despite sub-5% mortgage rates and signs that home prices have bottomed out in some places, executives and economists are decidedly downbeat about the future of the country's mortgage industry as well as the housing market it depends on. (Wed, 14 Oct 2009 16:32:20 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