Mortgage News Nov 2009

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

1 2 3 4 5 6 Next

Should I add my credit card debt to my mortgage?
Q I have a seven-year fixed-rate mortgage with an interest rate of 4.99%, which is due to finish in October 2010. I also owe £6,000 on a two-year fixed-rate mortgage, which is due to finish on 31 December 2009. In addition, I have a credit card with an outstanding balance of £3,500 on which I now have to start paying interest. Should I take out a £9,500 mortgage at the end of December to cover ... (Sun, 01 Nov 2009 02:03:06 GMT)

GMAC fined £2.8m for 'mistreating' mortgage customers
FSA orders sub-prime lender GMAC-RFC to pay £7.7m in compensation for mistreating customers who fell into arrears Sub-prime mortgage lender GMAC-RFC has been fined £2.8m for mistreating mortgage customers who fell into arrears and ordered to pay them up to £7.7m in compensation. The Financial Services Authority (FSA) has issued one of its biggest ever fines to the US-owned company for its ... (Sun, 01 Nov 2009 02:03:36 GMT)

Nationwide woos first-time buyers with 90% loan-to-value mortgage
Borrowing option that had all but disappeared from the market is back – but it comes with a current account attached First-time buyers who have struggled over the past two years to find a lender willing to sell them a mortgage have been offered a lifeline by Nationwide building society . The society has launched a range of mortgages that require only a 10% deposit, with fixed rates starting at 5 ... (Sun, 01 Nov 2009 02:03:56 GMT)

Consider these factors before refinancing your home
Dear Liz: When does it make sense to refinance a home? I have a 30-year, fixed-rate jumbo loan. The loan is just over 2 years old with a rate of 6.5%. Should I refinance to 5.75% with zero points? I make extra payments every month with the intention of paying the loan off in 15 years, but I don't want to be locked into a 15-year rate in case I have some difficult times. (Sun, 01 Nov 2009 02:12:05 GMT)

FICO says new mortgage changes won't hurt score
Like many people doing or considering a mortgage modification, David L. of Oakland wonders how it will affect his credit score. Unlike most people in this situation, David has never missed credit payments and has a very high FICO score of 810. But... Sponsored Topics: Credit score - Mortgage - Games - Video Games - Platform (Sun, 01 Nov 2009 02:14:59 GMT)

Explore all the options of reverse mortgage
What is a reverse mortgage? It is a tax-free loan available only to homeowners age 62 and older. The homeowner essentially borrows from the equity in the home and receives money in a lump sum, regular payments, a line of credit or a combination of these methods. (Sun, 01 Nov 2009 02:22:49 GMT)

ECB rates on hold, experts view bank loan policy
Eurozone interest rates are set firmly on hold and any signs of change will probably show up first in the European Central Bank's exceptional loan support measures, analysts say. (Sun, 01 Nov 2009 03:09:19 GMT)

Couple Charged With Torturing Loan Agents
A California couple facing foreclosure on their home kidnapped, beat and tortured two loan modification agents they had hired to help them, prosecutors say. (Sun, 01 Nov 2009 04:14:32 GMT)

ECB rates on hold, experts view bank loan policy
Eurozone interest rates are set firmly on hold and any signs of change will probably show up first in the European Central Bank's exceptional loan support measures, analysts say. (Sun, 01 Nov 2009 04:28:07 GMT)

Insurance upped before theater fire
Ralph Miller, the former owner of the Falmouth Playhouse, says he had his Pocono, N.Y., playhouse reappraised and its insurance bumped up for refinancing purposes about six months before an Oct. 2 fire destroyed the theater. (Sun, 01 Nov 2009 07:11:24 GMT)

FICO says new mortgage changes won't hurt score
Like many people doing or considering a mortgage modification, David L. of Oakland wonders how it will affect his credit score. Unlike most people in this situation, David has never missed credit payments and has a very high FICO score of 810. But... Sponsored Topics: Credit score - Mortgage - Games - Video Games - Platform (Sun, 01 Nov 2009 07:29:59 GMT)

Tips from Home Rescue Fair
Experts at the Home Rescue Fair offered these facts and tips: If your loan is from the original pu (Sun, 01 Nov 2009 07:58:04 GMT)

JOHN WASIK: Don't wait any longer to refinance
If you need to refinance your home mortgages, don't wait. (Sun, 01 Nov 2009 09:22:15 GMT)

HUD Takes Action against Reverse Mortgage Lender in Hawaii
RISMEDIA, November 2, 2009—The U.S. Department of Housing and Urban Development (HUD) announced that its Mortgagee Review Board (MRB) is proposing to permanently withdraw the HUD/FHA approval of Financial Mortgage USA, Inc., a Home Equity Conversion Mortgage (HECM or reverse mortgage) lender based in Honolulu, Hawaii. HUD's MRB alleges the company ... (Sun, 01 Nov 2009 18:19:03 GMT)

Top 3 Real Estate Mortgage Scams: What You Need to Know
RISMEDIA, November 2, 2009—Being a homeowner is one of the biggest dreams for the American people. Due to record numbers of homeownership and cheap mortgage rates, individuals who did not own a home previously are now looking for mortgages for financing their ambitions. On certain occasions, the dream of homeownership ... (Sun, 01 Nov 2009 18:19:43 GMT)

HSBC equity-linked loan with cash rebates
HOME buyers can now take a punt on the stock market while diving into the resurgent property market. HSBC is launching today an equity-linked home loan package that also offers cash rebates to its customers - a first in Singapore. (Mon, 02 Nov 2009 00:57:00 GMT)

Home equity loan market remains very tight
Not only are fewer credit lines and loans being granted despite improvement in the rest of the home loan market, the terms are a lot less attractive than before. Traditional 30-year mortgages these days are unusually affordable by historical standards, but if you're looking for a home equity line of credit, don't expect any deals. (Mon, 02 Nov 2009 04:27:35 GMT)

Lock in the best deal now on refinancing
If you need to refinance your home mortgages, don’t wait. It’s not time to play chicken. Lock in the best deal now. Mortgage rates have climbed over the past two weeks, according to mortgage buyer Freddie Mac. At a 1960s-like national average of 5 percent, the 30-year rate isn’t far from its historic low of 4.78 percent, reached in April. As the economy heats up, it’s far more likely that rates ... (Mon, 02 Nov 2009 05:16:54 GMT)

Find out what home's worth with good appraisal
Editor's note: Robert Bruss is taking some time off due to an illness. This column originally appeared in May 2006. ---------- When a home buyer makes a small or zero down payment, the appraisal is vital to obtaining a high loan-to-value ratio mortgage. However, if a home buyer makes a large down payment, then the appraised valuation to confirm the sales price is not so critical. (Mon, 02 Nov 2009 07:21:14 GMT)

Nigeria : Stakeholders Seek Funding Alternatives to Mortgage
The virtually non-existent mortgage market in the face of a worsening housing situation in Nigeria, currently estimated to be in deficit of 17 million housing units, have jolted stakeholders into seeking alternative financing for housing development in the country. (Mon, 02 Nov 2009 08:38:29 GMT)

Md. man sentenced to prison for mortgage fraud
Md. man sentenced to more than 3 years in prison in multimillion-dollar mortgage fraud scheme (Mon, 02 Nov 2009 08:57:04 GMT)

Feds taking action against reverse mortgage lender
Federal housing officials taking action against Hawaii-based reverse mortgage lender (Mon, 02 Nov 2009 08:57:23 GMT)

Mortgage demand drops
The AMG figures are in line with recent CBS data showing falling new home sales. (Mon, 02 Nov 2009 10:50:54 GMT)

Mortgage Brain to launch B2C sourcing tool
The web-based solution, Mortgage Brain B2C, will allow consumers to source, compare, select and enquire about mortgages. The system, due to launch early next year, is available via web services or as a customisable ‘plug-in’ built to fit into an existing website’s design. (Mon, 02 Nov 2009 10:59:22 GMT)

S&P Places 7 Mortgage Insurers on CreditWatch
The mortgage insurance industry continues to face significant challenges during 2009, according to Standard & Poor’s. The rating agency believes that the macroeconomic environment may be having an increasingly negative impact on the prime mortgage insurance books, suggesting an elongation of the loss cycle beyond S&P’s prior expectations. (Mon, 02 Nov 2009 12:53:15 GMT)

FSA's mortgage reforms could push up arrears, warns Moody's
Moody’s says that if the FSA’s proposals are adopted, these proposals they will lead to tighter underwriting standards through more thorough affordability tests, as well as an end to self-certified, fast-track and mortgages with a combination of high risk factors like high loan-to-value and impaired credit. (Mon, 02 Nov 2009 12:59:22 GMT)

Florida Law Firm Expands Services for Businesses and Individuals Needing Mortgage and Bankruptcy Assistance
Yesner & Boss, a leading Central Florida law firm in the areas of mortgage assistance, bankruptcy and asset protection, has added two attorneys to expand services to clients caught up in the nation's complex mortgage markets. (Mon, 02 Nov 2009 14:00:00 GMT)

Commercial Mortgage Debt to Deteriorate in Europe, Moody’s Says
Nov. 2 (Bloomberg) -- The performance of commercial mortgage-backed bonds in Europe will deteriorate further next year amid increasing rental arrears and vacancy rates, according to Moody’s Investors Service. (Mon, 02 Nov 2009 14:23:14 GMT)

Lenders ease mortgage rationing
Lenders have been making it slightly easier for borrowers to take out a mortgage, according to the financial information service Moneyfacts. (Mon, 02 Nov 2009 14:34:57 GMT)

Monterey Finance Offers to Buy EU2.04 Billion of Mortgage Bonds
Nov. 2 (Bloomberg) -- Monterey Finance Sarl offered to purchase 2.04 billion of residential mortgage-backed bonds issued by German Residential Asset Note Distributor Plc. (Mon, 02 Nov 2009 15:53:39 GMT)

Lenders ease mortgage rationing
Lenders have been making it slightly easier for borrowers to take out a mortgage, according to the financial information service Moneyfacts.The number of mortgages requiring a minimum 15% deposit has ... (Mon, 02 Nov 2009 16:20:28 GMT)

Home equity loan market remains very tight
Not only are fewer credit lines and loans being granted despite improvement in the rest of the home loan market, the terms are a lot less attractive than before. Traditional 30-year mortgages these days are unusually affordable by historical standards, but if you're looking for a home equity line of credit, don't expect any deals. (Mon, 02 Nov 2009 16:32:41 GMT)

CMBS Defaults Climb, May Worsen on Stuyvesant Town, Reis Says
Nov. 2 (Bloomberg) -- The rate of defaults and late payments on real estate loans sold as commercial mortgage-backed securities surged more than fivefold in the third quarter and may worsen with the potential default of loans on Manhattan’s biggest apartment complex, Reis Inc. said. (Mon, 02 Nov 2009 16:46:04 GMT)

National mortgage rates
National mortgage rates 30-year fixed 5.03% 0.7 points Last week: 5.00% Month: 4.94% Year: 6.64% 15-year fixed 4.46% 0.6 points (Mon, 02 Nov 2009 16:55:39 GMT)

David Beckham signs new Milan loan deal
England midfielder David Beckham will rejoin AC Milan on loan in January from Los Angeles Galaxy, the Italian club said on Monday. (Mon, 02 Nov 2009 17:11:52 GMT)

Canada Mortgage and Housing Corporation: Residential Construction Activity to Increase in 2010
VICTORIA, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2009) - Based on forecasts released by the Canada Mortgage and Housing Corporation (CMHC), "The Victoria CMA will experience increases in both resale market transactions and new construction activity in 2010," said Travis Archibald, Senior Market Analyst. Low mortgage interest rates will continue to stimulate resale demand in 2010. After a ... (Mon, 02 Nov 2009 17:59:58 GMT)

Fed’s Mortgage Buying Drives Funds to Other Debt, JPMorgan Says
Nov. 2 (Bloomberg) -- The Federal Reserve’s purchases of U.S. home-loan bonds with government backing has pushed investors out of the securities and into other debt, helping ease credit more broadly, JPMorgan Chase & Co. analysts said. (Mon, 02 Nov 2009 18:22:42 GMT)

Fed’s Mortgage Buying Aids Corporate, Riskier Debt (Update1)
Nov. 2 (Bloomberg) -- The Federal Reserve’s purchases of U.S. home-loan bonds with government backing has pushed investors out of the securities and into debt including corporate notes and riskier mortgage assets, helping ease credit more broadly, JPMorgan Chase & Co. analysts said. (Mon, 02 Nov 2009 19:17:52 GMT)

Inland Western Retail Real Estate Trust, Inc. Announces $140 Million Loan Refinancing
OAK BROOK, Ill.----Inland Western Retail Real Estate Trust, Inc. today announced that the company closed on the refinancing of $140.0 million of mortgage loans with a major life insurance company. (Mon, 02 Nov 2009 19:19:00 GMT)

Woman With Autistic Son Asks Home Detention In Mortgage Fraud Case
A Franklin County woman who pleaded guilty to mortgage fraud is asking home detention because she has a child with autism. Chattanooga Federal Judge Sandy Mattice said he would consider some home detention for Carrie Snow, but said she will have to do some significant prison time as well. (Mon, 02 Nov 2009 19:49:20 GMT)

L.A. Galaxy to loan David Beckham to AC Milan
The Los Angeles Galaxy on Monday completed an agreement to loan David Beckham to Italy's AC Milan, leaving the Major League Soccer team without the midfielder until after the 2010 World Cup. (Mon, 02 Nov 2009 20:22:02 GMT)

Galaxy Confirm Beckham Loan
The LA Galaxy today completed the loan agreement of midfielder David Beckham to Italian side AC Milan effective in January 2010. Beckham remains under contract to the Galaxy and will play for the club throughout the MLS Cup Playoffs, which continue on Sunday, November 8 at 4:30 p.m. when the Galaxy take on Chivas USA in Game #2 of their Western Conference Semifinal Series at The Home Depot Center. (Mon, 02 Nov 2009 20:40:16 GMT)

MORTGAGE BANKERS ASSOCIATION OF TAMPA BAY
Tampa – Join Chris Markowski, America’s Watchdog on Wall Street, and the Mortgage Banker’s Association of Tampa Bay on the rooftop terrace of the all new Westin hotel for the 25th Annual Dinner and Auction to benefit The Children’s Home. (Mon, 02 Nov 2009 20:53:10 GMT)

Freddie: Borrowers Who Refinanced In 3Q Cut Payments By $3 Billion
Homeowners who refinanced their mortgage terms under low interest rates in the third quarter resulted in up to $3 billion in payment savings over the first 12 months of the new loan, according to a Freddie Mac (FRE) report. (Mon, 02 Nov 2009 21:03:54 GMT)

Recession Its Effect on the Mortgage You Need When Buying a Home for Sale
The recession is not something endemic. Its great arms leave a wake of financial ruin to the most unfortunate of people anywhere in the world. News of the recession’s effects is ubiquitous. Nowadays, it’s getting harder and harder to get approved for a mortgage application. (Mon, 02 Nov 2009 22:07:43 GMT)

Mortgage Risk-Retention Measure To Stir Debate In US House
WASHINGTON -(Dow Jones)- Industry lobbyists are raising red flags over a measure that would require mortgage lenders and securitizers to retain a portion of the credit risk of loans for sale to investors. (Mon, 02 Nov 2009 22:18:52 GMT)

Mesa builder, bank team up on fix-up loan program
Via Homes and Sun American Mortgage Co. team up on unique home remodeling, fix-up loan program. (Mon, 02 Nov 2009 22:55:40 GMT)

MORTGAGE BANKERS ASSOCIATION OF TAMPA BAY
Tampa – Join Chris Markowski, America’s Watchdog on Wall Street, and the Mortgage Banker’s Association of Tampa Bay on the rooftop terrace of the all new Westin hotel for the 25th Annual Dinner and Auction to benefit The Children’s Home. (Mon, 02 Nov 2009 22:56:08 GMT)

Commercial Real Estate Loans A Growing Problem For Banks
Housing may be starting to turn the corner. But commercial real estate's woes may be just beginning. (Mon, 02 Nov 2009 23:47:53 GMT)

JOHN WASIK: Don't wait any longer to refinance
If you need to refinance your home mortgages, don't wait. (Tue, 03 Nov 2009 00:02:57 GMT)

Press release: Mortgage Lending Division cracks down on some loan modification companies
- The Nevada Division of Mortgage Lending is canceling the authorization to work for approximately 30 loan modification companies who have failed to meet their obligation to obtain a minimum $75,000 surety bond. (Tue, 03 Nov 2009 00:34:56 GMT)

HDB loan arrears down
DESPITE the recession, the number of HDB home loan arrears fell from 33,670 in September last year to 30,770 during the same month this year. The drop follows the Housing Board's introduction of a raft of measures at the outset of the financial crisis to aid owners at risk of defaulting on their home loans. (Tue, 03 Nov 2009 00:51:44 GMT)

Drop in HDB home loan arrears
DESPITE the recession, the number of HDB home loan arrears fell from 33,670 in September last year to 30,770 during the same month this year. (Tue, 03 Nov 2009 00:56:50 GMT)

30 mortgage modification companies being forced to close their doors
Action News has just learned that nearly 30 mortgage modification companies in the Las Vegas valley are being forced to close their doors. The Nevada Mortgage Lending Division says the companies failed to post the required $75,000 bond by today's deadline. The companies being shut down will have 10 days to cancel contracts with homeowners and pay refunds for work not yet performed. (Tue, 03 Nov 2009 00:59:55 GMT)

Most loan modification companies don't make bond deadline
If you paid money to a home loan modification company, you had better check to make sure it is still around. Most of the companies that were in business on Friday are being forced out of business. (Tue, 03 Nov 2009 01:19:56 GMT)

Prepaying your personal loan? What you must know
How your personal loan interest rate is calculated and what you must know before going for prepayment. (Tue, 03 Nov 2009 03:42:19 GMT)

Saizen REIT defaults on S$113m loan but unlikely to affect other portfolios, loans
SINGAPORE: Mainboard-listed Saizen Real Estate Investment Trust said it has defaulted on a commercial mortgage-backed securities loan worth 7.3 billion yen or about S$113 million. (Tue, 03 Nov 2009 08:14:13 GMT)

Surge in mortgage fraud is Florida topic
(AP) -- Federal authorities are using a series of news conference to talk about the surge in mortgage fraud in Florida. (Tue, 03 Nov 2009 08:54:23 GMT)

Mortgage-backed bonds pumped millions into Whatcom County real estate
The story of one Ferndale mortgage loan demonstrates how the global flow of investment dollars fuele (Tue, 03 Nov 2009 09:02:09 GMT)

EON BANK EXPECTS 10 PCT LOAN GROWTH BY YEAR-END
KUALA LUMPUR, Nov 3 (Bernama) -- EON Bank Group is confident of achieving more than 10 per cent loan growth by year-end following aggressive campaigns and promotions launched this year. (Tue, 03 Nov 2009 10:41:04 GMT)

OP Mortgage Bank Hires Banks for Sale of Covered Bonds in Euros
Nov. 3 (Bloomberg) -- OP Mortgage Bank, a unit of OP- Pohjola Group Central Cooperative, hired Calyon, Credit Suisse Group AG, Deutsche Bank AG and Pohjola Bank Plc to arrange meetings with European investors for a sale of covered bonds in euros, according to a banker involved in the transaction. (Tue, 03 Nov 2009 10:52:42 GMT)

Low ARM rate may turn ugly later
An adjustable-rate mortgage may look great today, but it could become a trap if rates rise. (Tue, 03 Nov 2009 11:00:00 GMT)

Down payment aid for first-time home buyers
Down payment help is available for eligible first-time home buyers and veterans under a new state program. Borrowers who qualify for the Illinois Housing Development Authority's 30-year, fixed-rate Home Start mortgage can apply for a second, zero-interest forgivable loan for 3 percent or up to a maximum of $6,000 of the home purchase price to put toward the down payment under the program. The ... (Tue, 03 Nov 2009 11:08:28 GMT)

Mortgage Brain to launch B2C sourcing system
The new consumer facing sourcing system, mortgage Brain B2C, which is due to be launched in early 2010, is built using the latest Microsoft technology and will allow consumers to quickly and easily source, compare, select and enquire about mortgages that best suits their needs. (Tue, 03 Nov 2009 11:36:09 GMT)

QUICK POLL
Apartment Occupancy Is High. Rent Hikes to Follow? HANCOCK, MA-CNL REIT is securing a $10-million refi from Berkshire Bank for its Jiminy Peak Moutain Resort. The permanatne mortgage financing is a fixed-rate, five-year loan arranged for CNL by Minneapolis-headquartered. NorthMarq Capital. (Tue, 03 Nov 2009 11:42:19 GMT)

Low ARM rate may turn ugly later
Dear Dr. Don, My husband and I are planning to refinance our home. Because we don't have the funds to pay closing costs, they will be rolled into the new loan. Our balance right now is $150,000 and a monthly note of $1,024 paying 7 percent interest (conventional). (Tue, 03 Nov 2009 11:42:20 GMT)

Weigh taxes before prepaying mortgage
Dear Dr. Don, I have a fixed-rate mortgage at 5.75 percent with a loan balance of about $110,000 with 22 years left on the mortgage. I also have a sizable bond and CD portfolio. As my CDs mature, I'm seeing yields of 2 percent to 3 percent on new ones. (Tue, 03 Nov 2009 11:42:40 GMT)

Feds holding press conference about surge in mortgage fraud
TAMPA — Federal authorities are using a series of news conference to talk about the surge in mortgage fraud in Florida. The U.S. Attorney's Office has planned news conferences in Fort Myers and Tampa on Tuesday, and in Orlando and Jacksonville on Wednesday. Other federal agencies participating include the FBI and the Internal Revenue Service. The Florida Department of Law Enforcement and other ... (Tue, 03 Nov 2009 12:01:25 GMT)

Feds to talk about surge in mortgage fraud
Federal authorities will be in Orlando on Wednesday to talk about the surge in mortgage fraud in Florida. (Tue, 03 Nov 2009 12:17:12 GMT)

Feds talk about surge in mortgage fraud
Federal authorities are using a series of news conference, including one in Tampa, to talk about the surge in mortgage fraud in Florida. (Tue, 03 Nov 2009 12:39:23 GMT)

Bank of America Introduces Clarity Commitment(TM) for Home Equity Products
Bank of America announced today that its popular Clarity Commitment home loan summary - a consumer-friendly document hailed as a lending industry model - is now available for home equity lines of credit and home equity loans. (Tue, 03 Nov 2009 13:00:00 GMT)

Thirty-Year Fixed Mortgage Rates Stay Relatively Steady; Most State Rates Remain Below 5.00%
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased one basis point last week to 4.86 percent, down from 4.87 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. (Tue, 03 Nov 2009 13:01:00 GMT)

Federal Home Loan Bank of Atlanta Announces Results of 2009 Board of Directors' Election
Federal Home Loan Bank of Atlanta today announced the results of the 2009 election for three member director and two independent director positions on the board of directors. (Tue, 03 Nov 2009 15:49:00 GMT)

'Maybank mortgage lending rises 7pc' (Business Times
ABDUL Wahid Omar, chief executive of Malayan Banking Bhd, comments on mortgage lending as Malaysia seeks to recover from its first recession in a decade. (Tue, 03 Nov 2009 15:53:25 GMT)

We Save Homes, Inc., Engages the Investor Relations Group
LAGUNA NIGUEL, Calif.----We Save Homes, Inc. , a software company that provides technology that empowers homeowners to work directly with their lenders/servicers in resolving mortgage issues, has retained the Investor Relations Group , a thirteen-year-old, award-winning corporate communications firm based in New York City, to serve as its national investor relations and public relations firm. (Tue, 03 Nov 2009 16:23:00 GMT)

Feds announce surge in mortgage fraud prosecutions
As promised, federal authorities have amped up criminal mortgage fraud prosecutions. (Tue, 03 Nov 2009 16:50:04 GMT)

Lukewarm response to home loan top-ups
Only $1.6 million of the Government's allocated $18.4 million to help modest income-earners buy houses in expensive places has been taken up.New Zealanders roundly rejected the idea of getting free financial top-ups via the state... (Tue, 03 Nov 2009 17:24:27 GMT)

Feds announce end of mortgage fraud sweep in Fort Myers
Fort Myers had 32 defendants following a nine-month project to secure as many mortgage fraud related indictments and arrests as possible. (Tue, 03 Nov 2009 17:29:31 GMT)

San Marcos offering home incentives
In an effort to cure the city's low-capita income, San Marcos is offering home loan incentives to employees of the new Seton hospital in Kyle. The $5,000 forgivable grant is part of a major effort to build the community and attract more businesses to the area. (Tue, 03 Nov 2009 18:22:26 GMT)

SBI to close its 8% home loan scheme after this week
The country’s largest lender, State Bank of India, will not extend its eight per cent home loan scheme, the cheapest in the country, beyond November 8. (Tue, 03 Nov 2009 18:46:54 GMT)

Borrowers face mortgage fees of £1000 even if application is rejected
Borrowers face charges of £1000 for booking a mortgage even if their application is rejected new research warns. (Tue, 03 Nov 2009 18:48:30 GMT)

'Tip of the iceberg' mortgage fraud investigation nets 32 in Lee, Collier
A nine-month mortgage fraud investigation has netted 32 defendants from Collier and Lee counties, including Realtors, brokers, a bank manager, sellers, and buyers, federal officials announced today. Throughout Florida's middle district, which covers 35 counties from Jacksonville to Naples, 105 defendants have been charged with loan frauds involving more than $400 million in loans and more than ... (Tue, 03 Nov 2009 20:01:15 GMT)

Home Mortgage Modification Services Firm Announces It Has Achieved Payment Reductions of $1,898
The home loan modification specialists at Home Rescue, LLC are proud to announce they've been able to reduce mortgage payments for one of their clients by just under $2,000. (Tue, 03 Nov 2009 20:22:50 GMT)

8% home loan scheme ends on Nov 8, SBI to decide soon
Country's largest lender, State Bank of India, is set to take a call on the continuance of its 8% home loan scheme within a couple of days. The scheme, which was rolled out earlier this year, closes on November 8, 2009. (Tue, 03 Nov 2009 20:23:30 GMT)

Mortgage fraud trial begins in Weld
Mortgage fraud trial begins in Weld Sharon Dunn Jury selection continues today in the trial of Mark Strodtman, who is accused of bilking homeowners out of millions in a mortgage scheme two years ago. The trial began Monday with jury selection, and is scheduled to run through Nov. 20 in Weld District Court. Strodtman, 52, is charged with 23 counts of theft and forgery, including felony ... (Tue, 03 Nov 2009 21:02:54 GMT)

30-Year Fixed Mortgage Rates Stay Relatively Steady
RISMEDIA, November 4, 2009—The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased one basis point last week to 4.86%, down from 4.87% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com. Rates for 15-year fixed mortgages ... (Tue, 03 Nov 2009 21:04:03 GMT)

Feds announce surge in mortgage fraud prosecutions
As promised, federal authorities have amped up criminal mortgage fraud prosecutions. (Tue, 03 Nov 2009 22:20:04 GMT)

10 accused of mortgage fraud at PR coastal resort
A developer and nine other people, including a former salsa singer, have been charged in an alleged $14 million mortgage fraud in Puerto Rico, federal officials said Tuesday. (Tue, 03 Nov 2009 22:21:39 GMT)

More Than 100 Arrested for Mortgage Fraud, Feds Say
A federal prosecutor says a crackdown on organized mortgage fraud this year has yielded 105 arrests from Jacksonville to Fort Myers. (Tue, 03 Nov 2009 22:35:23 GMT)

Home Mortgage Modification Services Firm Announces It Has Achieved Payment Reductions of $1,898
The home loan modification specialists at Home Rescue, LLC are proud to announce they've been able to reduce mortgage payments for one of their clients by just under $2,000. (Tue, 03 Nov 2009 23:23:30 GMT)

16. EON targets RM200mil home loans in 3 months
KUALA LUMPUR: EON Bank Bhd targets to approve home loans worth RM200mil in three months with the launch of its new Super Easi 123 Home Loan Fixed Deposit, according to group chief executive officer Michael Lor. (Tue, 03 Nov 2009 23:39:58 GMT)

Credit Markets: Mortgage rates to rise as investors eye Fed's exit
Some bond investors expect mortgage rates to rise as the Fed finishes its planned purchases of nearly $1.5 trillion in mortgage-related bonds, yet another risk to the fragile U.S. recovery. (Wed, 04 Nov 2009 00:00:40 GMT)

S.Korea mortgage lending growth slows in Oct-report
SEOUL, Nov 4 (Reuters) - South Korean mortgage lending to households across the financial sector grew at a slower pace in October as a result of tight loan control efforts, Yonhap reported on Wednesday, easing pressure for an early rate hike. (Wed, 04 Nov 2009 00:09:46 GMT)

Fixed or variable? Breaking down the home loan gamble
Now that interest rates are well and truly on the rise, many people are probably wondering whether they should fix their home loan rate now. (Wed, 04 Nov 2009 01:06:43 GMT)

Homeowners should be given mortgage reprieve, says Labour
HOMEOWNERS should be given a two-year reprieve from mortgage payments before moving to repossess their home, the Labour Party has suggested. (Wed, 04 Nov 2009 01:18:17 GMT)

EON targets RM200mil home loans in 3 months
KUALA LUMPUR: EON Bank Bhd targets to approve home loans worth RM200mil in three months with the launch of its new Super Easi 123 Home Loan Fixed Deposit, according to group chief executive officer Mi... (Wed, 04 Nov 2009 01:31:39 GMT)

Mortgage rates start to climb
PETALING JAYA: New home buyers are expected to make higher payments for their loans with some banks increasing their mortgage rates early this month. A check on the websites of some banks and informat... (Wed, 04 Nov 2009 01:33:29 GMT)

Malaysia banks gain as mortgage rates rise (Business Times
MALAYSIAN banks including Malayan Banking Bhd rose after OSK Research Sdn Bhd said lenders have increased mortgage rates to bolster net interest margins. (Wed, 04 Nov 2009 03:53:30 GMT)

Forget mortgage holders, every rate rise hurts business
Why is the media so fixated on mortgage holders? More concerning is how much power the Big Four banks now hold over the economy, and how SMEs are struggling to get finance. (Wed, 04 Nov 2009 03:57:15 GMT)

Higher home loan rates imminent
KUALA LUMPUR: Housing loan rates are expected to trend upwards in the not-so-distant future as the banking industry moves towards risk-based pricing in determining interest rates that are more sustainable for the industry. (Wed, 04 Nov 2009 04:21:36 GMT)

LRGH projects seen economic shot in arm
The U.S. Department of Housing and Urban Development on Tuesday announced a commitment to insure a $136.4 million mortgage loan to LRGHealthcare, most of which will be used to fund construction projects at facilities in Laconia, Meredith and Franklin. (Wed, 04 Nov 2009 08:23:19 GMT)

HSBC equity-linked loan with cash rebates
HOME buyers can now take a punt on the stock market while diving into the resurgent property market. HSBC is launching today an equity-linked home loan package that also offers cash rebates to its customers - a first in Singapore. (Wed, 04 Nov 2009 08:56:30 GMT)

Northern Rock accelerates mortgage lending
Northern Rock, state-owned bank, accelerated mortgage lending to customers in the last three months, which is expected to contribute to an improved performance in the second half. (Wed, 04 Nov 2009 09:28:50 GMT)

Division of Mortgage Lending closing 30 loan companies
The Nevada Division of Mortgage Lending is closing down about 30 loan modification companies in the state for failing to meet the bonding deadline. (Wed, 04 Nov 2009 09:46:25 GMT)

Warning! Check the home loan agreement carefully
A loan agreement is a 'contract' entered into between the borrower and the lender (banks and financial institutions) that regulates the terms of a loan. The loan agreement comes into picture immediately after the bank appraises your credit and the property that you have identified. (Wed, 04 Nov 2009 10:39:06 GMT)

Read this before you opt for home loan!
There are many pitfalls that can turn this smooth process into a bumpy one. Here are some of those pitfalls that you should be aware of and avoid. (Wed, 04 Nov 2009 10:39:26 GMT)

Feds Warn Florida Of Mortgage Fraud Crackdown
A big crackdown on mortgage fraud across Florida is bringing federal agents to Orlando Wednesday after over 100 have already been arrested nationwide. (Wed, 04 Nov 2009 11:19:36 GMT)

Northern Rock speeds up mortgage lending
LONDON (SHARECAST) - Northern Rock is making “good progress” with its restructuring and has increased mortgage lending, but it’s still likely to make a full-year loss due to loan loss impairments. (Wed, 04 Nov 2009 11:34:37 GMT)

Strodtman jury selected in mortgage fraud trial
Strodtman jury selected in mortgage fraud trial By Sharon Dunn Attorneys will deliver opening statements this morning in the trial of Mark Strodtman, who is accused of bilking homeowners in a mortgage scheme years ago. The trial began Monday with jury selection and is scheduled to run through Nov. 20 in Weld District Court. On Tuesday, attorneys picked a jury of nine women and five men, two of ... (Wed, 04 Nov 2009 12:06:03 GMT)

Mortgage applications rose 8.2% last week: MBA
Refinancing-minded home owners move to take advantage of lower interest rates, particularly for 15-year fixed-rate mortgages, the latest data from the Mortgage Bankers Association show. The 8.2% week-to-week rebound in filings for mortgages overall reverses three weeks in which the volume of applications dropped. (Wed, 04 Nov 2009 12:15:54 GMT)

MPs' Expenses: No More Mortgage Payments
MPs will be banned from claiming mortgage interest payments and employing family members under Sir Christopher Kelly's recommendations on expenses. (Wed, 04 Nov 2009 12:16:10 GMT)

Plan a Vacation or Research a Mortgage?
Americans spend more time on many other chores than looking into home loans, risking tens of thousands of dollars in savings. (Wed, 04 Nov 2009 13:00:45 GMT)

Mortgage Applications Up as Rates Drop Below 5%
Mortgage Applications Up as Rates Drop Below 5% (Wed, 04 Nov 2009 14:08:31 GMT)

SBI not to change home loan rates immediately
SBI not to change home loan rates immediatelySBI not to change home loan rates immediately (Wed, 04 Nov 2009 14:25:43 GMT)

MCAN Mortgage Corporation reports third quarter earnings and an increase in the quarterly dividend
MCAN Mortgage Corporation reported net income of $6.6 million for the third quarter of 2009, down from $10.4 million a year earlier. Earnings per share for the quarter were $0.46 compared to $0.73 last year. (Wed, 04 Nov 2009 14:29:00 GMT)

Job Sector Hurts Less, Mortgage Demand Rises
The national labor market showed signs of improvement in October with fewer planned layoffs and private job cuts, though investors are waiting for Friday's government data for a confirmation of the trend. (Wed, 04 Nov 2009 14:56:47 GMT)

Mortgage demand rises as 30-year rate ducks back below 5%
Mortgage applications rose for the first time in four weeks, reflecting a jump in demand for home refinancing loans as interest rates on 30-year loans dropped below 5%, data from an industry group showed Wednesday. (Wed, 04 Nov 2009 15:11:33 GMT)

SBI not to change home loan rates immediately
Country's biggest lender State Bank of India (SBI) today said it did not have any immediate plans to revise home loan interest rates, including 8 per cent special offer which is slated to end this week. (Wed, 04 Nov 2009 15:15:42 GMT)

MBA: Mortgage Applications Rising Again As Interest Rates Fall
(RTTNews) - Mortgage applications have risen after three straight weeks of declines, as interest rates on 30-year fixed-rate mortgages have again fallen below the psychological tipping point of five percent. (Wed, 04 Nov 2009 15:39:00 GMT)

'Banks with high mortgage exposure to benefit most' (Business Times
OSK Research Sdn Bhd analyst Keith Wee said in a report yesterday that banks generally have agreed to raise mortgage rates to BLR (Base Lending Rate) minus 1.5 per cent to -1.9 per cent. (Wed, 04 Nov 2009 16:27:45 GMT)

GMAC posts Q3 loss, hurt by mortgage unit
GMAC Financial Services, a lender that has received $12.5 billion in government bailouts, posted a third straight quarterly loss on Wednesday, hurt by red ink in its mortgage business. (Wed, 04 Nov 2009 16:57:28 GMT)

GMAC posts Q3 loss, hurt by mortgage unit
NEW YORK (Reuters) - GMAC Financial Services, a lender that has received $12.5 billion in government bailouts, posted a third straight quarterly loss on Wednesday, hurt by red ink in its mortgage business. (Wed, 04 Nov 2009 16:57:28 GMT)

Mortgage activity rises in week
WASHINGTON, Nov. 4 (UPI) -- The volume of applications for U.S. mortgages increased last week, rising by a seasonally adjusted 8.2 percent, an industry group said. (Wed, 04 Nov 2009 16:59:15 GMT)

Banks agree to end mortgage war
KUALA LUMPUR: OSK Research has maintained an overweight on the banking sector following most domestic banks' and selected foreign banks' move to revise upwards their mortgage rates on Tuesday. (Wed, 04 Nov 2009 17:21:06 GMT)

Prosecutors announce mortgage fraud surge
In response to an "epidemic" amount of mortgage fraud in Florida, federal agents and prosecutors have spent the last nine months building cases against realtors, brokers and other industry professionals. (Wed, 04 Nov 2009 17:22:35 GMT)

GMAC Reports Third-Quarter Loss Tied to Loan Defaults (Update2)
Nov. 4 (Bloomberg) -- GMAC Inc. , the auto and mortgage lender negotiating a third round of government aid, reported a third-quarter loss tied to mortgage defaults. (Wed, 04 Nov 2009 17:32:57 GMT)

'Banks with high mortgage exposure to benefit most' (Business Times
Net interbank lenders and banks with high exposure to mortgage loans like Public Bank, Alliance Bank and Hong Leong Bank will be the biggest beneficiaries of revision in mortgage rates, analysts say. (Wed, 04 Nov 2009 18:34:48 GMT)

GMAC Reports Third-Quarter Loss Tied to Loan Defaults (Correct)
(Corrects mortgage unit results in the sixth paragraph.) Nov. 4 (Bloomberg) -- GMAC Inc. , the auto and mortgage lender negotiating a third round of government aid, reported a third-quarter loss tied to mortgage defaults. (Wed, 04 Nov 2009 18:40:40 GMT)

GMAC posts Q3 loss, hurt by mortgage unit
NEW YORK (Reuters) - GMAC Financial Services, a lender that has received $12.5 billion in government bailouts, posted a third straight quarterly loss on Wednesday, hurt by red ink in its mortgage busi... (Wed, 04 Nov 2009 20:06:43 GMT)

SBI rules out any immediate change in home loan rates
State Bank of India on Wednesday said it did not have any immediate plans to revise its home loan rates, including that of the 8% special scheme originally slated to end this week. (Wed, 04 Nov 2009 20:29:11 GMT)

GMAC posts Q3 loss, hurt by mortgage unit
GMAC Financial Services, a lender that has received $12.5 billion in government bailouts, posted a third straight quarterly loss on Wednesday, hurt by red ink in its mortgage business. (Wed, 04 Nov 2009 21:32:52 GMT)

GMAC Reports Third-Quarter Loss Tied to Loan Defaults (Update4)
Nov. 4 (Bloomberg) -- GMAC Inc. , the auto and mortgage lender negotiating a third round of government aid, reported a third-quarter loss tied to mortgage defaults. (Wed, 04 Nov 2009 22:17:59 GMT)

SBI home loan offer to stay
Mumbai, Nov. 4: The State Bank of India today said that it might not immediately withdraw its tempting offer of home loans at an interest rate of 8 per cent for the first year of the repayment period. (Wed, 04 Nov 2009 23:08:00 GMT)

Feds Make 100-Plus Mortgage Fraud Arrests
JACKSONVILLE, Fla. -- Florida first saw a real estate boom, then came the bust. Federal prosecutors said they've made more than 100 mortgage fraud arrests, cracking down on an epidemic of scamming that they said began during the boom years. (Wed, 04 Nov 2009 23:29:25 GMT)

Vestin Mortgage real estate trusts narrow losses
The recession continued to hurt results in the third quarter at two real estate investment trusts run by Vestin Mortgage Inc. of Las Vegas, though both trusts narrowed their losses from year-ago levels. (Thu, 05 Nov 2009 00:52:46 GMT)

Drop in HDB home loan arrears
DESPITE the recession, the number of HDB home loan arrears fell from 33,670 in September last year to 30,770 during the same month this year. (Thu, 05 Nov 2009 00:55:48 GMT)

Lawmakers hear testimony about mortgage fraud
November 03, 2009 Banks lent New Yorkers more money than they could possibly afford to repay. Other companies urged state residents to sign papers that effectively trick them into signing over their homes or saddle them with an extra mortgage. (Thu, 05 Nov 2009 03:07:37 GMT)

Chinese drywall: Resolution could provide mortgage relief
There is a new measure under review that could provide mortgage relief to the thousands of homeowners with contaminated drywall. Some say it could be the silver lining they have been looking for. (Thu, 05 Nov 2009 04:02:22 GMT)

Mortgage fraud trial to resume Thursday in Jackson County Circuit Court
Testimony was expected to continue today in a mortgage fraud case against Teresa Marie Wilson and Angelo Surveo Williams.Williams, 47, of Jackson and Wilson, 38, of Middleville each face a charge of conducting a criminal enterprise, a felony punishable by... (Thu, 05 Nov 2009 05:11:29 GMT)

Mortgage-fraud sting nets dozens in Orlando area
In response to an "epidemic" amount of mortgage fraud in Florida, federal agents and prosecutors have spent the last nine months building cases against Realtors, brokers and other industry professionals. (Thu, 05 Nov 2009 05:47:13 GMT)

Arrests made in Orlando mortgage fraud
It was a major mortgage fraud bust that netted one hundred arrests, $400 million in loans on more than 700 properties. Nineteen of those arrests came in the Orlando. (Thu, 05 Nov 2009 06:27:41 GMT)

On the block: mortgage for Keystone Towers
The abandoned Keystone Towers complex on the city's Northeastside could get a new owner through the unusual process of auctioning its mortgage next week. (Thu, 05 Nov 2009 07:01:19 GMT)

AIG May Benefit From Surge in Corporate Debt, Mortgage Holdings
Nov. 5 (Bloomberg) -- American International Group Inc. , the bailed-out insurer with a $355 billion fixed-income portfolio, may report gains from the rally in corporate bonds and mortgage-backed securities in the third quarter. (Thu, 05 Nov 2009 08:42:11 GMT)

MP's mortgage claim 'legitimate'
Tory MP Alan Duncan did not break expenses rules by taking a new mortgage on his London home, a standards watchdog rules. (Thu, 05 Nov 2009 10:09:08 GMT)

Mortgage Rate Trend Index
Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages. (Thu, 05 Nov 2009 11:00:00 GMT)

Mortgage Rate Trend Index
Will rates rise or remain relatively unchanged? Experts and Bankrate analysts provide their insights. (Thu, 05 Nov 2009 11:42:40 GMT)

SGT. SHAFT: VA home loans available to spouses
Dear Sgt. Shaft My husband was discharged from the military in 1971 or there about and had always dreamed of owning a home. We made a few attempts, but nothing ever came of owning a home of our own. He passed away suddenly on Sept. 2. I would like to know if, now that he has passed, do I qualify to receive a Veterans Affairs loan as a veterans widow? I have a good job, but don't have my husband ... (Thu, 05 Nov 2009 11:49:28 GMT)

Why prepaying home loan is a good tactic
Are there times when you feel really impatient about the fact that you need to wait several more years to free your home from debt? Well, here is a thought for you. (Thu, 05 Nov 2009 11:54:16 GMT)

MP says Northern Rock 'bad bank' customers are "mortgage prisoners"
Speaking at a TSC session yesterday, UKFI head of wholly owned investments Keith Morgan admitted that 85 per cent of mortgage borrowers would be trapped within the business that was being run down as part of the restructure approved by the EU Commission last week. (Thu, 05 Nov 2009 11:59:12 GMT)

Auto mechanic leaves mortgage business for a happier place
Auto mechanic leaves mortgage business for a happier place By BRIAN DUGGAN bduggan@nevadaappeal.com When the housing market went sour, Marcus Marchegger, a former mortgage broker, decided to return to the business where he cut his teeth: automotive repair. In January, Marchegger and his wife, Lisa, purchased Capitol Automotive, 1000 N. Plaza St., for $60,000 and ... (Thu, 05 Nov 2009 12:07:46 GMT)

1 2 3 4 5 6 Next

---

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

insurance finder | link | charity donation | website on elder care | pet memorial site | local plastic surgery | good alternative medicine site | medical malpractice lawyer | gift shopping resources | night clubs | personal finance | find auto dealers | website about home construction | here | UK business resources | mortgage site | find real estate agent online | home security online | a website for cosmetic surgery | Bankruptcy Law Guide | accounting directory | click here | addiction treatment centers | mortgage site | rental car site