Mortgage News Nov 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 Next

Can an attorney help loan modification?
Should homeowners who want to obtain a loan modification from their lender hire an attorney to help them achieve that goal? (Mon, 16 Nov 2009 11:42:10 GMT)

Mortgage Litigation Activity Tumbles
Firms that collected up-front fees for loan modifications pushed modification-related litigation to the forefront of the Third Quarter Mortgage Litigation Report from MortgageDaily.com. (Mon, 16 Nov 2009 12:00:00 GMT)

U.K. Home Sellers Cut Asking Prices 1.6% in November (Update1)
Nov. 16 (Bloomberg) -- U.K. home sellers reduced asking prices in November for the first time in three months as demand for property dwindled before the Christmas holidays, Rightmove Plc said. (Mon, 16 Nov 2009 12:49:05 GMT)

Commissioners approve loan to keep pharmacy open
The Houston County Board of Commissioners voted to approve a $30,000 loan to Witt Pharmacy of La Crescent at its meeting Tuesday. The loan, offered through the Houston County Economic Development Authority’s revolving loan program, is intended to safeguard four full-time jobs at the business, as well as make sure residents in La Crescent have continuing access to their local pharmacy, EDA ... (Mon, 16 Nov 2009 16:06:12 GMT)

Prepaying mortgage may not make financial sense
You should have, at a minimum, an emergency fund equal to three months' worth of basic expenses before you consider paying off a low-rate, potentially tax-deductible debt. Dear Liz: We refinanced our house in January for a 30-year fixed rate of 4.625%. We are paying about $513 a month extra toward the principal, which will allow us to pay off our mortgage in 16 years. (Mon, 16 Nov 2009 17:06:15 GMT)

Federal Home Loan Bank of Topeka Selects TPG Software's Portfolio Genius
HOUSTON----FHLBank adopts leading investment management and accounting platform. (Mon, 16 Nov 2009 17:20:00 GMT)

N.Y. $10 Billion Budget Gap Looms as Lawmakers Return
Nov. 16 (Bloomberg) -- A month after New York Governor David Paterson proposed a plan to narrow a $10 billion budget gap the state faces in the next 17 months, lawmakers are set to return to the state capital of Albany today with no agreement in place. (Mon, 16 Nov 2009 17:24:19 GMT)

Developers Diversified Plans to Sell Mortgage Debt (Update1)
Nov. 16 (Bloomberg) -- Developers Diversified Realty Corp. may offer $400 million of debt backed by shopping centers as soon as today, in the first sale of commercial-mortgage bonds through a U.S. program to jumpstart lending. (Mon, 16 Nov 2009 17:47:57 GMT)

CONSUMER FINANCE: Tapping The New Home-Buyer Tax Credit
House shopping usually slows down in the winter, as people put their home searches on hold to trim the tree, buy presents to put under it and avoid the chilly weather. (Mon, 16 Nov 2009 19:03:57 GMT)

Developers Diversified ends CMBS drought
U.S. mall owner Developers Diversified Realty Corp snapped a dry spell of nearly a year and a half by selling $400 million of new commercial mortgage bonds on Monday, with help from an emergency Federal Reserve lending program. (Mon, 16 Nov 2009 19:04:12 GMT)

Creve Coeur man sentenced for mortgage fraud scheme
Creve Coeur man sentenced for mortgage fraud scheme (Mon, 16 Nov 2009 19:10:02 GMT)

Bedford woman sentenced to a year in prison for mortgage fraud
Sharon Cox, 49, of Bedford, was sentenced today to a year in prison for mortgage fraud involving money laundering, theft and receiving stolen property from August 2008 through March. (Mon, 16 Nov 2009 19:13:09 GMT)

Fed Approves Rule Requiring Notification Of Mortgage Sale
WASHINGTON -(Dow Jones)- The Federal Reserve on Monday approved a rule implementing a requirement that consumers be notified when their mortgage loan has been sold. (Mon, 16 Nov 2009 19:18:28 GMT)

Fannie Mortgage-Bond Yields Fall to Lowest in Almost Six Months
Nov. 16 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities tumbled to the lowest in almost six months, signaling that interest rates on new home loans will decline. (Mon, 16 Nov 2009 19:32:37 GMT)

Developers Diversified Sells Commercial Mortgage-Backed Debt
Nov. 16 (Bloomberg) -- Developers Diversified Realty Corp. sold $400 million of debt backed by shopping centers in the first sale of commercial-mortgage bonds through a U.S. program to jumpstart lending. (Mon, 16 Nov 2009 19:48:24 GMT)

MTSU professor sentenced in $2.4M mortgage fraud
A Middle Tennessee State University professor has been sentenced to 12 months and a day in prison in a mortgage fraud scheme. (Mon, 16 Nov 2009 20:22:42 GMT)

Missouri man sentenced in Sikeston mortgage fraud scheme
A Creve Coeur man was sentenced to eleven years in prison for his role in a mortgage fraud scheme involving residential real estate in Sikeston. (Mon, 16 Nov 2009 21:05:15 GMT)

Fannie Mortgage-Bond Yields Fall to Lowest in Almost Six Months
Nov. 16 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities tumbled to the lowest in almost six months, signaling that interest rates on new home loans will decline, amid a slump in other types of housing debt. (Mon, 16 Nov 2009 21:08:15 GMT)

Fed to exempt some investors from mortgage disclosure law
The Federal Reserve is proposing to exempt some investors from a requirement that consumers receive notice within 30 days after their home loan is sold or transferred to a new mortgage company. (Mon, 16 Nov 2009 21:51:38 GMT)

Developers Diversified Sells Commercial Mortgage Debt (Update1)
Nov. 16 (Bloomberg) -- Developers Diversified Realty Corp. sold $400 million of debt backed by shopping centers in the first offering of commercial-mortgage bonds through a U.S. program to jumpstart lending. (Mon, 16 Nov 2009 22:08:29 GMT)

Federal Home Loan Bank of San Francisco Announces 2009 Director Election Results
SAN FRANCISCO----The Bank today announced the results of the 2009 election for two nonmember independent director positions and two California member director positions on its Board of Directors. (Mon, 16 Nov 2009 22:39:00 GMT)

Onyewu should consider loan to Rubin Kazan
If injured U.S. back Oguchi Onyewu really wants to improve, he should consider a Milan loan to Rubin Kazan. (Mon, 16 Nov 2009 22:57:45 GMT)

Legal aid rarely used in foreclosure cases
Few homeowners facing foreclosure are availing themselves of the help available at Queens Legal Services. PHOTO BY EVAN WEXLER Pierre Morel, a Queens homeowner with $245,000 in mortgage debt, keeps his stretch-marked leather briefcase close at hand. (Mon, 16 Nov 2009 23:10:59 GMT)

Lampert’s RBS Sells Stakes in Home Depot, Fannie Mae, CIT
Nov. 16 (Bloomberg) -- RBS Partners LP, the hedge-fund firm run by Edward Lampert , sold its stake in Home Depot Inc. during the third quarter, according to a filing with the U.S. Securities and Exchange Commission. (Mon, 16 Nov 2009 23:22:41 GMT)

Father Of Man Who Ran Closed Mortgage Company Speaks Out
The investigation into a Meredith mortgage company grows. A new lawsuit filed claims more people have lost more than $1 million in investments. (Mon, 16 Nov 2009 23:39:18 GMT)

Bank of America Responds to Consumer Desire for Increased Transparency in Home Loan Process with Tools that Clarify ...
No Related Stories at this time! CALABASAS, Calif., (Tue, 17 Nov 2009 00:24:12 GMT)

Fannie Mortgage-Bond Yields Fall to Lowest in Almost Six Months
Nov. 16 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities tumbled to the lowest in almost six months, signaling that interest rates on new home loans will decline, amid a slump in other types of housing debt. (Tue, 17 Nov 2009 00:37:30 GMT)

Members Equity Sells A$750 Million of Mortgage Bonds (Update1)
Nov. 17 (Bloomberg) -- Members Equity Bank Pty Ltd., the Australian lender known as ME Bank, sold A$750 million ($702 million) of residential mortgage-backed bonds. (Tue, 17 Nov 2009 03:28:41 GMT)

Family Lost Cash, Home To Mortgage Scam
As if losing a home to foreclosure isn't bad enough, some local homeowners are paying thousands of dollars up-front to companies that promise to save their home -- only to lose the house and the money. (Tue, 17 Nov 2009 04:14:38 GMT)

State Investigates Loan Modification Companies
Colorado is on track to have a record year for foreclosure filings. As more and more homeowners get into financial trouble, a new industry has been born in the state. Loan modification companies are popping up with big promises to save homes, but in some cases little follow through. (Tue, 17 Nov 2009 04:45:22 GMT)

FBI looking into mortgage firm's closure
The sudden closure of a Meredith mortgage company last week is now the subject of a criminal probe by the FBI, the state attorney general said last night. The announcement comes as a growing number of investors have stepped forward to demand restitution. (Tue, 17 Nov 2009 05:10:31 GMT)

Mortgage Delinquencies Hit Another Record in 3Q
Mortgage delinquencies peak again in 3rd qtr, but pace of growth slows for 3rd straight period Mortgage - Business - Financial services - United States - FREE (Tue, 17 Nov 2009 05:31:41 GMT)

Mortgage delinquencies hit another record in 3Q
The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows. For the three months ended Sept. 30, 6.25 percent of U.S. mortgage... Mortgage - United States - Delinquent - U.S - Business (Tue, 17 Nov 2009 05:45:09 GMT)

Mortgage delinquencies hit another record in 3Q
Mortgage delinquencies peak again in 3rd qtr, but pace of growth slows for 3rd straight period (Tue, 17 Nov 2009 06:38:18 GMT)

Legal aid rarely used in foreclosure cases
Few homeowners facing foreclosure are availing themselves of the help available at Queens Legal Services. PHOTO BY EVAN WEXLER Pierre Morel, a Queens homeowner with $245,000 in mortgage debt, keeps his stretch-marked leather briefcase close at hand. (Tue, 17 Nov 2009 07:25:59 GMT)

CAPE GIRARDEAU, MO.: Man is sentenced in mortgage scam
Russell Todd McBride, who operated Century Mortgage and Finance Inc., has been sentenced to more than 11 years in prison for running a mortgage scheme that fraudulently pumped up the price of more than 250 properties and cost victims more than $7 million, the U.S attorney's office said Monday. (Tue, 17 Nov 2009 09:41:16 GMT)

Two Rivers panel to release mortgage used as collateral for loan in default
TWO RIVERS The Business and Industrial Development Committee will release the citys interest in a rental home in Manitowoc on which it has a second mortgage as collateral for a loan that went into default. Bank First National holds the first mortgage. (Tue, 17 Nov 2009 10:16:51 GMT)

Mortgage broker: Fewer chances for buyers ahead
Surf City mortgage broker and blogger looks ahead to 2010. (Tue, 17 Nov 2009 11:12:13 GMT)

Kitson joins Middlesbrough on loan
Middlesbrough have signed Stoke striker Dave Kitson on a two-month loan. (Tue, 17 Nov 2009 11:33:12 GMT)

KITSON JOINS BORO ON LOAN
Kitson - joins Middlesbrough on loan. Middlesbrough have signed Stoke striker Dave Kitson on a two-month loan. The 29-year-old has netted just two goals in 25 Premier League games for the Potters since a £5.5million move from Reading - where he returned on loan last season - in the summer of 2008. (Tue, 17 Nov 2009 11:33:45 GMT)

Stoke's Kitson joins Boro on loan
Stoke City striker Dave Kitson signs for Middlesbrough on a two-month loan. (Tue, 17 Nov 2009 11:47:27 GMT)

Stoke's Kitson joins Boro on loan
Stoke City striker Dave Kitson signs for Middlesbrough on a two-month loan. (Tue, 17 Nov 2009 11:55:47 GMT)

Kitson signs Boro loan
Middlesbrough have signed Stoke striker Dave Kitson on a two-month loan. The 29-year-old has netted just two goals in 25 Barclays Premier League games for the Potters since a £5.5million move from Reading - where he returned on loan last season - in the summer of 2008. (Tue, 17 Nov 2009 12:05:42 GMT)

Stoke City striker Kitson joins Middlesbrough on two-month loan
Middlesbrough have signed Dave Kitson on a two-month loan. The forward has netted just two goals in 25 Premier League games for the Potters since a move from Reading. (Tue, 17 Nov 2009 12:09:29 GMT)

FBI investigating closed NH mortgage company
The New Hampshire Attorney General says the FBI is conducting a criminal investigation of a Meredith mortgage company that closed suddenly last week. (Tue, 17 Nov 2009 12:09:47 GMT)

Stoke striker Kitson joins Middlesbrough on loan
Middlesbrough have signed Stoke striker Dave Kitson on a two-month loan. The 29-year-old has netted just two goals in 25 Premier League games for the Potters since a £5.5million move from Reading - where he returned on loan last season - in the summer of 2008. (Tue, 17 Nov 2009 12:10:12 GMT)

Kitson joins Teessiders on loan
Middlesbrough have signed Dave Kitson on a two-month loan from Stoke, with the flame-haired frontman set to debut on Saturday at The Riverside. (Tue, 17 Nov 2009 12:10:25 GMT)

Thirty-Year Fixed Mortgage Rate Falls to 4.75%, Lowest Since Zillow Mortgage Marketplace Launched in April 2008
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased nine basis points last week to 4.75 percent, down from 4.84 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. (Tue, 17 Nov 2009 13:00:00 GMT)

First Mortgage Fund value cut to $521m
Failed Gold Coast property financier City Pacific paid itself $25 million last year for managing the First Mortgage Fund, which lost about half its $1 billion value. (Tue, 17 Nov 2009 13:03:59 GMT)

We Save Homes Inc. Announces Partnership with Major Lending Exchange to Help Homeowners Who Cannot Refinance
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 related issues, has partnered with a major online lending exchange. (Tue, 17 Nov 2009 13:30:00 GMT)

CapitalSource sells nursing home business to Baltimore company
Chevy Chase-based CapitalSource announced Tuesday that it is selling its nursing home business to Omega Healthcare Investors of Baltimore for $860 million, helping relieve CapitalSource of heavy debt during the recession. (Tue, 17 Nov 2009 13:59:59 GMT)

Maryland woman sentenced in mortgage fraud
Federal prosecutors say a woman has been sentenced to more than 12 years in prison for her role in a mortgage fraud scheme. (Tue, 17 Nov 2009 14:52:27 GMT)

Fitch Assigns 'AAA' Rating to Federal Home Loan Bank of Atlanta
NEW YORK----Fitch Ratings has assigned a long-term and short-term Issuer Default Rating to Federal Home Loan Bank of Atlanta of 'AAA' and 'F1+', respectively. The ratings reflect Fitch's assumption of U.S. (Tue, 17 Nov 2009 14:54:00 GMT)

Maryland woman sentenced in mortgage fraud
Federal prosecutors say a woman has been sentenced to more than 12 years in prison for her role in a mortgage fraud scheme. Forty-one-year-old Joy Jackson of Fort Washington was also ordered at sentencing on Monday to pay more than $16 million in restitution... Prison - Fraud - Maryland - United States - Restitution (Tue, 17 Nov 2009 15:15:44 GMT)

Mortgage Delinquencies Hit Record, Pace Slows
The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows. For the three months ended Sept. 30, 6.25 percent of U.S. mortgage loans were 60 or more days past due, up 58 percent from a year ago. (Tue, 17 Nov 2009 16:48:56 GMT)

Refinancing falls through putting Promenade Shops at Centerra in foreclosure
KeyBank has started foreclosure proceedings against Centerra Lifestyle Center LLC, a partnership between McWhinney and Poag & McEwen, developers of the Promenade Shops at Centerra. (Tue, 17 Nov 2009 17:38:21 GMT)

FBI investigating closed mortgage company that closed abruptly last week; 6 people have sued
LACONIA, N.H. - A mortgage company in Meredith that closed suddenly last week is undergoing a criminal investigation by the FBI. State Attorney General Michael Delaney confirmed Tuesday that the FBI investigation of Financial Resources Mortgage Inc. had expanded beyond New Hampshire. (Tue, 17 Nov 2009 17:48:26 GMT)

Bundesbank Offers Lehman Mortgage Notes at 70 Percent Discount
Nov. 17 (Bloomberg) -- Germany’s Bundesbank is offering to sell mortgage-backed bonds that Lehman Brothers Holdings Inc. pledged as collateral for loans for as low as about 30 percent of face value, according to a list of the assets seen by Bloomberg News. (Tue, 17 Nov 2009 17:52:57 GMT)

Kilpatrick loan was going to be $300,000
A fifth Metro Detroit businessman was once considered part of a plan to loan former Mayor Kwame Kilpatrick money after he resigned and got out of jail. During Kilpatrick's restitution hearing Tuesday, Wayne County Assistant Prosecutor Athina Siringas said John Rakolta of Walbridge Aldinger was once expected to contribute $60,000 along with four others. (Tue, 17 Nov 2009 17:59:57 GMT)

FBI investigating NH mortgage company that closed
A mortgage company in Meredith that closed suddenly last week is undergoing a criminal investigation by the FBI. (Tue, 17 Nov 2009 18:00:40 GMT)

FBI investigating NH mortgage company that closed
A mortgage company in Meredith that closed suddenly last week is undergoing a criminal investigation by the FBI. State Attorney General Michael Delaney confirmed Monday that the FBI investigation of Financial Resources Mortgage Inc. had expanded beyond New Hampshire. (Tue, 17 Nov 2009 18:00:47 GMT)

FBI Investigating NH Mortgage Company That Closed
FBI investigating closed mortgage company that closed abruptly last week; 6 people have sued Federal Bureau of Investigation - Business - United States - Financial Services - Ohio (Tue, 17 Nov 2009 18:01:51 GMT)

FBI investigating NH mortgage company that closed
A mortgage company in Meredith that closed suddenly last week is undergoing a criminal investigation by the FBI. State Attorney General Michael Delaney confirmed Monday that the FBI investigation of Financial Resources Mortgage Inc. had expanded beyond New... Federal Bureau of Investigation - Attorney general - United States - Business - Financial Services (Tue, 17 Nov 2009 18:02:32 GMT)

Firm: SoCal median home price increases in October
The median home price in Southern California rose nearly 2 percent last month from September, as the inventory of homes for sale continued to shrink and lenders worked to avoid fresh foreclosures, a tracking firm said Tuesday. Last month's median home price... Southern California - San Diego - Real estate pricing - United States - California (Tue, 17 Nov 2009 18:30:51 GMT)

Legal aid rarely used in foreclosure cases
Few homeowners facing foreclosure are availing themselves of the help available at Queens Legal Services. PHOTO BY EVAN WEXLER Pierre Morel, a Queens homeowner with $245,000 in mortgage debt, keeps his stretch-marked leather briefcase close at hand. (Tue, 17 Nov 2009 19:40:51 GMT)

Town gives Gibson Centre two years
The Town of New Tecumseth is prepared to give the Gibson Cultural Centre (GCC) two years to refinance and get its act together. The GCC would have to recoup more than $900,000 in debt and become financially self-sufficient by late 2011 to remain open. (Tue, 17 Nov 2009 20:13:41 GMT)

Mortgage Delinquencies Still Rising
Mortgage delinquencies are the first step in a house eventually going into foreclosure, so look for those to start heading up again. (Tue, 17 Nov 2009 20:24:46 GMT)

Earning a Profit by Ending Energy Waste
A nonprofit lender’s new Green Financing Initiative offers mortgages or refinancing to developers who fix wasteful energy and water systems in apartment buildings. (Tue, 17 Nov 2009 20:32:49 GMT)

Firm: SoCal median home price increases in October
The median home price in Southern California rose nearly 2 percent last month from September, as the inventory of homes for sale continued to shrink and lenders worked to avoid fresh foreclosures, a tracking firm said Tuesday. (Tue, 17 Nov 2009 20:47:32 GMT)

Technology Credit Union Now Offers Jumbo Home Loans up to $1 Million
SAN JOSE, CA--(Marketwire - 11/17/09) - Technology Credit Union (Tech CU) has announced it now offers adjustable rate home mortgages up to $1 million for buyers seeking an affordable home loan in the Bay Area's high-priced housing market. In today's stricter lending environment, it's become difficult for buyers to get financing on a jumbo mortgage loan (a loan over $729,750), but Tech CU's new 5 ... (Tue, 17 Nov 2009 21:00:00 GMT)

Firm: SoCal Median Home Price Increases in October
Tracking firm: Southern California median home price increases 2 percent from Sept. to Oct. Southern California - Real estate pricing - United States - California - Society and Culture (Tue, 17 Nov 2009 21:01:31 GMT)

Pimco Picked by Insurance Regulators to Evaluate Mortgage Bonds
Nov. 17 (Bloomberg) -- Pacific Investment Management Co., manager of the world’s largest bond fund, was selected by the National Association of Insurance Commissioners to help assess companies’ portfolios of residential mortgage-backed securities. (Wed, 18 Nov 2009 00:12:17 GMT)

Home buyers 'drop loyalty for best loan'
Home buyers are no longer showing loyalty to lenders as they strive to get the best deal for their home loan, a mortgage broker says. (Wed, 18 Nov 2009 01:39:17 GMT)

Home buyers no longer loyal in search of a better loan
Bankers beware. Customers are no longer showing loyalty to their lenders as they strive to get the best deal for their home loan, a mortgage broker says. (Wed, 18 Nov 2009 01:42:50 GMT)

Home buyers drop loyalty for best loan
BANKERS beware. Customers are no longer showing loyalty to their lenders as they strive to get the best deal for their home loan, a mortgage broker says. (Wed, 18 Nov 2009 02:29:57 GMT)

Mortgage company's doors slammed shut
A local mortgage company is shut down, its owner's license revoked, and it all started with a customer complaint to the Target 12 Investigators. (Wed, 18 Nov 2009 03:56:02 GMT)

Home buyers no longer loyal
Bankers are being warned home loan customers are no longer showing loyalty to their lenders. (Wed, 18 Nov 2009 04:07:25 GMT)

Can we borrow back mortgage overpayments?
Q We bought a flat in April 2006 with a 20-year mortgage for £200,000. Since then we have deliberately overpaid our repayments and kept our other expenses modest in order to do so. We now have only £68,000 to pay and at the current rate of knots we will be completed in 34 months. The interest we pay is tracked at 1% above base rate so we now pay 1.5%, a rate that is almost unbeatable. Were we to ... (Wed, 18 Nov 2009 04:12:26 GMT)

Denmark Mortgage Bonds Attract Pimco as Annual Auctions Begin
Nov. 18 (Bloomberg) -- Foreign investors returning to Denmark’s mortgage-bond market may bolster demand as banks sell a record $115 billion of the securities at annual auctions beginning today. (Wed, 18 Nov 2009 05:07:46 GMT)

Before applying for auto or mortgage loans, do your research
(ARA) - While the number of auto and mortgage loans issued are down, and the effort it takes to get a good loan these days might seem daunting, there are signs that consumer lending is improving with positive economic reports. (Wed, 18 Nov 2009 07:23:45 GMT)

Legal aid rarely used in foreclosure cases
Few homeowners facing foreclosure are availing themselves of the help available at Queens Legal Services. PHOTO BY EVAN WEXLER Pierre Morel, a Queens homeowner with $245,000 in mortgage debt, keeps his stretch-marked leather briefcase close at hand. (Wed, 18 Nov 2009 08:26:31 GMT)

Husband won't pay fair share of mortgage
A woman continues to pay her half of the mortgage while her spouse makes excuses. (Wed, 18 Nov 2009 11:00:00 GMT)

Menlo Park, CA Funds Innovative Public-Private Partnership to Fight Residential Foreclosures
The City Council of Menlo Park, in an effort to stem the rising tide of home foreclosures and enhance neighborhood stability, has voted to allocate $1 million to fund an innovative program to assist qualified homeowners with refinancing their property. (Wed, 18 Nov 2009 11:00:00 GMT)

Husband won't pay fair share of mortgage
Dear Dr. Don, My husband and I bought a house this spring. When we bought it, it was agreed that we would each pay 50 percent of the mortgage (around $650 each). Well, shortly after we bought the house, my husband was laid off, so the financial responsibility fell on me. (Wed, 18 Nov 2009 11:42:10 GMT)

Week-to-week mortgage applications fall 2.5%: MBA
The volume of mortgage applications filed last week falls a seasonally adjusted 2.5% compared with the week before as lower interest rates fail to attract applicants, Mortgage Bankers Association data show. Filings for mortgages to buy homes have now dropped for six weeks in a row, and refinancings make up the biggest proportion of overall applications since May. (Wed, 18 Nov 2009 12:16:00 GMT)

Dutch Mortgage Tax Break Won’t Survive Next Cabinet, Bos Says
Nov. 18 (Bloomberg) -- The Dutch mortgage tax break in its current form will not survive in the next cabinet, Finance Minister Wouter Bos told reporters at an event in Amsterdam today. (Wed, 18 Nov 2009 12:40:17 GMT)

Mortgage Applications for Purchases in U.S. Fall to 12-Year Low
Nov. 18 (Bloomberg) -- Mortgage applications for purchases in the U.S. fell last week to the lowest level in 12 years, indicating the housing market is facing a hurdle with unemployment at a 26-year high. (Wed, 18 Nov 2009 12:45:59 GMT)

Pimco Chosen by Regulators to Review Insurer Home-Loan Holdings
Nov. 18 (Bloomberg) -- Pacific Investment Management Co., manager of the world’s largest bond fund, was selected by regulators to help assess home-loan investments held by insurance companies. (Wed, 18 Nov 2009 12:55:22 GMT)

Denmark Mortgage Bonds Attract Pimco to Record Sale (Update1)
Nov. 18 (Bloomberg) -- Foreign investors returning to Denmark’s mortgage-bond market may bolster demand as banks sell a record $115 billion of the securities at annual auctions beginning today. (Wed, 18 Nov 2009 13:30:54 GMT)

Elderly couple accuses daughter of cheating them out of home
An elderly couple is suing their daughter, accusing her of cheating them out of their South Side home and moving them to a nursing home. Overton and Bernice Williams, both born in 1917, say in their lawsuit that they are "unsophisticated in legal matters." They had lived in the home with their daughter, who they say they trusted "implicitly as to all their financial affairs." In 2006, the ... (Wed, 18 Nov 2009 13:53:52 GMT)

MBA: Purchase Applications Drop To Lowest Level In 12 Years
(RTTNews) - Despite decreasing interest rates, mortgage application volume fell across the board last week as purchase applications hit their lowest levels since November 1997. (Wed, 18 Nov 2009 16:24:20 GMT)

UPDATE:Investors Welcome Commercial Mortgage Deal Without TALF
(Updates with analyst comments.) NEW YORK -(Dow Jones)- Investors are willing to use their own funds to buy the first commercial mortgage bond that has emerged in over a year. (Wed, 18 Nov 2009 16:34:33 GMT)

PRESS RELEASE: Fitch: Ukraine Auto, Mortgage Securitisations
Fitch Ratings-London/Frankfurt-18 November 2009: Fitch Ratings has today downgraded Ukraine Auto Loan Finance No. 1 PLC's and Ukraine Mortgage Loan Finance No. 1 PLC's class A notes. The agency has affirmed both transactions' class B notes. The Outlooks for three note classes remain Negative. (Wed, 18 Nov 2009 17:03:32 GMT)

FBI agent: Kilpatrick knew terms of home lease
Detroit --During ex-Mayor Kwame Kilpatrick's restitution hearing today, a Detroit-based FBI agent testified that a Texas businessman told him this week that Kilpatrick knew the details of a lease for the luxury home the Kilpatricks now live in. (Wed, 18 Nov 2009 17:20:29 GMT)

Attorneys indicted in mortgage scam face new charges
Two attorneys who are already charged with taking part in a mortgage fraud scam with a former Suffolk legislator and a dominatrix have been charged with two more cases of mortgage fraud. (Wed, 18 Nov 2009 17:52:21 GMT)

Mortgage activity down slightly
WASHINGTON, Nov. 18 (UPI) -- The volume of applications for U.S. mortgages decreased last week, falling by a seasonally adjusted 2.5 percent, an industry group said. (Wed, 18 Nov 2009 18:20:00 GMT)

2 indicted in mortgage scam face new charges
Prosecutors add extra charges to two who are charged in LI mortgage fraud with county legislator, dominatrix and her husband (Wed, 18 Nov 2009 18:54:06 GMT)

Banks raise short-term fixed mortgage rates
Banks are raising short-term fixed mortgage rates, indicating the time for cheap loans has come to an end. (Wed, 18 Nov 2009 20:15:45 GMT)

Act Now On Refinancing - Or Kiss Low Rates Goodbye
Procrastination can be costly in financial affairs, especially with the biggest combined asset and debt most of us own and owe: our home and the mortgage we pay for it. There's a window of opportunity right now in the mortgage market that seems likely to close in months ahead – one you may regret not capitalizing upon. (Wed, 18 Nov 2009 22:08:30 GMT)

Top 5: Construction starts on Holst-designed homeless center
FRONT PORCH BLOG: Also in Wednesday's Top 5 real estate stories: PSU Center for Real Estate on housing, hotels and big box reuse / U.S. housing starts plunged 10.6% in October / Mortgage applications for purchases hits lowest level since November 1997 / What you get for $583,000? A 3-bedroom ranch in Beaverton or the Pontiac Silverdome (Wed, 18 Nov 2009 22:09:40 GMT)

Aventura Real Estate Home Equity Loan Types and More
The roof needs major repairs, a medical emergency comes up or you need money for college, these can all be financed through a home equity loan. If you’re Aventura real estate property has built enough equity, you can use that as collateral for the loan. (Thu, 19 Nov 2009 00:01:22 GMT)

PA Banking Department Warns Consumers About Apparent Internet Loan Scam
HARRISBURG, Pa., Nov. 18 /PRNewswire-USNewswire/ -- The Department of Banking is warning consumers about an apparent Internet loan scam by Cedarwood Equity Group. The company solicits personal and home loans. (Thu, 19 Nov 2009 00:21:26 GMT)

Attorneys accused in mortgage scam face new charges
Prosecutors add extra charges to two who are charged in LI mortgage fraud with county legislator, dominatrix and her husband (Thu, 19 Nov 2009 00:24:06 GMT)

Newpage Port Hawkesbury paper mill gets $5-million loan from N.S. government
A Nova Scotia paper producer is getting a $5-million loan from the province to improve operations. (Thu, 19 Nov 2009 00:59:16 GMT)

Committee to address debt and mortgage arrears
THE Government has agreed to set up a special cabinet committee of several ministers to address the growing concern over personal debt and mortgage arrears. (Thu, 19 Nov 2009 01:59:31 GMT)

NeighborWorks Waco Warns Of Loan Modification Scams
NeighborWorks Waco warned Wednesday about loan modification scams that could cost cash-strapped homeowners money and maybe even their homes. (Thu, 19 Nov 2009 02:06:54 GMT)

Mortgage probe nets 10th plea deal
A notary public is the 10th person agreeing to plead guilty in the more than yearlong "Waxhouse Investigation" involving mortgage fraud in Mecklenburg and Union counties. (Thu, 19 Nov 2009 02:06:56 GMT)

Weld County Builder Convicted In Mortgage Scheme
Jurors have convicted a Weld County builder accused in a mortgage fraud scheme that prosecutors say defrauded lenders and left several Greeley-area families in foreclosure. (Thu, 19 Nov 2009 02:13:20 GMT)

Another wave of foreclosures looms
A second wave of foreclosures is poised to hit the market, potentially undermining housing recovery efforts. (Thu, 19 Nov 2009 02:33:41 GMT)

Nevada, California hit hardest as mortgage delinquencies hit another record
Nevada, California hit hardest as mortgage delinquencies hit another record Associated Press NEW YORK (AP) - The good news is that the pace at which people fell behind on their mortgages slowed during the summer for the third quarter in a row. The bad news is the overall delinquency rate hit another record. The statistics, which are culled from TransUnion's database of 27 million consumer ... (Thu, 19 Nov 2009 04:48:06 GMT)

New program shines light on shady mortgage scams
Local officials are hoping a new national program may save some Waco-area residents from shady companies that falsely promise to reduce homeowners’ mortgage payments. (Thu, 19 Nov 2009 05:13:38 GMT)

Number of people seeking mortgages to buy homes drops again
Loan applications for housing purchases fell 4.7% last week, the sixth straight weekly decline despite the lowest interest rates since May. Refinancing volume decreases 1.4%. Despite the lowest mortgage rates since May, applications for loans to finance home purchases fell again last week, the Mortgage Bankers Assn. said Wednesday. (Thu, 19 Nov 2009 06:30:57 GMT)

Hundreds Could Lose Homes as OC Loan Company Goes Dormant
A local loan-modification company is going out of business, potentially leaving hundreds of homeowners in jeopardy of losing their homes. (Thu, 19 Nov 2009 07:28:10 GMT)

Seasonal rise in mortgage lending
UK mortgage lending rose by 5% in October compared with the previous month, according to a lenders' group. (Thu, 19 Nov 2009 09:49:38 GMT)

Mortgage lending up five per cent
Mortgage lending rose by 5% during October as the market continued to recover from its traditional summer dip, figures showed. (Thu, 19 Nov 2009 10:11:51 GMT)

U.K. Mortgage Lending Rises to 13.5 Billion Pounds, CML Says
Nov. 19 (Bloomberg) -- U.K. gross mortgage lending rose to 13.5 billion pounds in October, a 5 percent increase from September, the Council of Mortgage Lenders said in an e-mailed statement in London today. Lending was down 27 percent from a year earlier, the CML said. (Thu, 19 Nov 2009 10:24:21 GMT)

Mortgage lending up 5 per cent
Gross mortgage lending increased by 5 per cent in October but the Council of Mortgage Lenders (CML) said this was down to seasonal factors rather than any underlying change. (Thu, 19 Nov 2009 10:59:14 GMT)

Mortgage rates drop to all-time low
Despite record low rates, mortgage applications have plummeted recently. What's the problem? (Thu, 19 Nov 2009 11:00:00 GMT)

National home equity loan averages
Here are the average home equity rates from Bankrate's weekly survey of large banks and thrifts. (Thu, 19 Nov 2009 11:00:00 GMT)

Mortgage Rate Trend Index
Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages. (Thu, 19 Nov 2009 11:00:00 GMT)

EU OKs EUR102.5 Million Government Aid To Mortgage & Land Bank Of Latvia
BRUSSELS -(Dow Jones)- The European Commission Thursday cleared the Latvian government to provide EUR102.5 million to the Mortgage and Land Bank of Latvia. (Thu, 19 Nov 2009 11:18:52 GMT)

Mortgage lending picks up after quiet summer
Mortgage lending rose by 5pc during October as the market continued to recover from its traditional summer dip figures show. (Thu, 19 Nov 2009 11:19:40 GMT)

Mortgage lending picks up after quiet summer
Mortgage lending rose by 5 per cent during October as the market continued to recover from its traditional summer dip, figures showed today. (Thu, 19 Nov 2009 11:32:44 GMT)

Mortgage rates drop to all-time low
Mortgage rates dropped to a historic low, but hardly anyone is getting a home loan. The benchmark 30-year fixed-rate mortgage fell 13 basis points, to 5.06 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. (Thu, 19 Nov 2009 11:42:00 GMT)

MPs' expenses: Elliot Morley and the phantom mortgage
The former agriculture minister Elliot Morley claimed £16000 for a mortgage on his home in Scunthorpe that had already been paid off. (Thu, 19 Nov 2009 11:42:26 GMT)

Mortgage Rate Trend Index
Will rates rise or remain relatively unchanged? Experts and Bankrate analysts provide their insights. (Thu, 19 Nov 2009 11:42:30 GMT)

Interest Rate Roundup
Mortgage rates fell to their lowest rate ever in the Bankrate weekly survey. The average 30-year, fixed-rate mortgage fell 13 basis points, to 5.06 percent. A basis point is one-hundredth of a percentage point. This is the lowest-ever reading in the 24-year-old Bankrate survey. (Thu, 19 Nov 2009 11:43:00 GMT)

Home Equity Loan Rate Search
Let us keep an eye on them with customized alerts. (Thu, 19 Nov 2009 11:43:13 GMT)

VEB May Buy $3.5 Billion of Mortgage Bonds From Banks, RIA Says
Nov. 19 (Bloomberg) -- VEB, Russia’s development bank, may buy more than 100 billion rubles ($3.5 billion) of mortgage- backed bonds issued by commercial lenders, RIA Novosti reported, citing Prime Minister Vladimir Putin. (Thu, 19 Nov 2009 11:52:40 GMT)

Mortgage lending rises but market scepticism remains
Mortgage lending has recovered over 2009, but opinion is divided on future trends. Photograph: Ian Nicholson/PA Mortgage lending rose by 5% in October, in line with seasonal trends, but remained wel... (Thu, 19 Nov 2009 12:07:11 GMT)

Mortgage lending up 5% in October
LONDON (SHARECAST) - Gross mortgage lending is estimated to have risen 5% in October to £13.5bn, in line with the average for this time of year. (Thu, 19 Nov 2009 12:49:37 GMT)

Bankrate: Mortgage Rates Fall to Record Low
The average conforming 30-year fixed mortgage rate fell to 5.06 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.40 discount and origination points. (Thu, 19 Nov 2009 14:17:00 GMT)

Bankrate: Fixed Mortgage Rates Decline
Bankrate: Fixed Mortgage Rates Decline (Thu, 19 Nov 2009 14:59:04 GMT)

Mortgage delinquencies hit record-high in 3Q
More than 14 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of September, a record-high for the ninth straight quarter and a problem that could threaten the economic recovery. (Thu, 19 Nov 2009 15:05:28 GMT)

Mortgage loans: Record number are late
Mortgage borrowers are still falling behind on their payments in record numbers, despite the many foreclosure prevention efforts initiated by the government and non-profits. (Thu, 19 Nov 2009 15:30:14 GMT)

Mortgage Rates in U.S. Decline for Third Week (Update1)
Nov. 19 (Bloomberg) -- Mortgage rates for 30-year fixed U.S. home loans fell for a third straight week, offering a boost to potential buyers who may use a government tax credit to purchase homes. (Thu, 19 Nov 2009 15:33:05 GMT)

Freddie Mac: 30-yr Mortgage Rate Lowest Since May
Freddie Mac: 30-yr Mortgage Rate Lowest Since May (Thu, 19 Nov 2009 15:44:54 GMT)

Mortgages: 30-year fixed-rate mortgage at lowest since May
Rates on 30-year fixed-rate mortgages drop to an average of 4.83% for the week ending Nov. 19, its lowest level since May, Freddie Mac reports. (Thu, 19 Nov 2009 16:00:51 GMT)

Mortgage loan rates near or at record lows
WASHINGTON, Nov. 19 (UPI) -- Interest rates for fixed-rate mortgage loans fell this week to near or below historic levels, the Federal Home Loan Mortgage Corp. said Thursday. (Thu, 19 Nov 2009 17:14:05 GMT)

30-yr Mortgage Rate Lowest Since May
SAN FRANCISCO -- Freddie Mac said Thursday the 30-year fixed-rate mortgage average fell to the lowest level since late May, down from the previous week to 4.83% with an average 0.7 point for the week... (Thu, 19 Nov 2009 17:26:09 GMT)

Mortgage Defaults Hitting Record Highs
Nearly 10 percent of all home loans outstanding in the third quarter of 2009 were at least one payment past due, the Mortgage Bankers Association says. That figure does not include loans that are in the process of foreclosure. (Thu, 19 Nov 2009 17:48:57 GMT)

FHA, Prime Mortgage Defaults at Records on Job Losses (Update1)
Nov. 19 (Bloomberg) -- Foreclosures on prime mortgages and home loans insured by the Federal Housing Administration rose to three-decade highs in the third quarter, driven by the biggest job losses since the Great Depression. (Thu, 19 Nov 2009 18:03:41 GMT)

Federal Home Loan Bank of New York Declares a Third Quarter Dividend of 5.60%
The Federal Home Loan Bank of New York announced that, earlier today, November 19, 2009, its Board of Directors approved a dividend rate for the third quarter of 2009 of 5.60% . The FHLBNY's dividend rate in each of the first and second quarters of 2009 was 5.60%. (Thu, 19 Nov 2009 19:33:00 GMT)

NY judge: Mortgage scammer to give lectures
A Long Island woman convicted of acting as a "straw buyer" in a mortgage fraud scam has been ordered to give lectures on the perils of participating in such criminal schemes. (Thu, 19 Nov 2009 19:33:15 GMT)

Canada Stocks Fall on Manulife Share Sale, U.S. Mortgage Data
Nov. 19 (Bloomberg) -- Canadian stocks fell for the first time in five days, led by financial companies, after U.S. mortgage delinquencies increased and Manulife Financial Corp. said it plans to sell stock to build up capital. (Thu, 19 Nov 2009 20:01:21 GMT)

U.S. Mortgage Delinquencies Reach a Record High
The Mortgage Bankers Association’s quarterly survey found that one in seven homeowners are either late on their payments or are already in foreclusure. (Thu, 19 Nov 2009 20:27:18 GMT)

Frontier Bank opens SBA loan center
Frontier executives ring the NASDAQ opening bell in 2008. (NASDAQ courtesy photo.) Frontier Bank is now home to a Small Business Administration loan department, located at the bank's administrative headquarters in Everett. (Thu, 19 Nov 2009 20:29:04 GMT)

Mortgage delinquencies hit record-high in 3Q
More than 14% of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of September, a record-high for the ninth straight quarter and a problem that could threaten the U.S. economic recovery. (Thu, 19 Nov 2009 20:56:26 GMT)

Canada Stocks Fall on Manulife Share Sale, U.S. Mortgage Data
Nov. 19 (Bloomberg) -- Canadian stocks fell for the first time in five days, led by financial companies, after U.S. mortgage delinquencies increased and Manulife Financial Corp. said it plans to sell stock to build up capital. (Thu, 19 Nov 2009 22:16:31 GMT)

Fitch Downgrades 13 Classes of CSFB Mortgage Securities Corp. 2005-C1; Assigns Outlooks & LS Ratings
NEW YORK----Fitch Ratings takes various actions on several classes of Credit Suisse First Boston Mortgage Securities Corp., series 2005-C1. A detailed list of rating actions follows at the end of this press release. (Thu, 19 Nov 2009 22:23:00 GMT)

Previous 1 2 3 4 5 6 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