Mortgage News Dec 2009

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US Treasury gets tougher on home loan relief
US Treasury gets tougher on home loan reliefUS Treasury gets tougher on home loan relief (Tue, 01 Dec 2009 00:44:09 GMT)

What's Next for Mortgage Rates?
Sometime in the next five months, the Fed will stop buying mortgage-backed securities. Get ready for higher rates (Tue, 01 Dec 2009 01:03:01 GMT)

Mortgage pressure rises
The Obama administration will spend the coming weeks cracking down on mortgage companies that aren't doing enough to help at-risk borrowers. (Tue, 01 Dec 2009 01:31:16 GMT)

US gets tough as lenders fail to help homeowners
US Banks and mortgage companies which are failing to help struggling borrowers refinance into more affordable home loans could be fined, under a drive aimed at cutting the foreclosure rate in the world's most important housing market. (Tue, 01 Dec 2009 01:37:22 GMT)

Mortgage lenders will face more pressure
Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren't doing enough to help borrowers at risk of losing their homes. Treasury Department... Foreclosure - United States Department of the Treasury - Presidency of Barack Obama - Business - Real estate (Tue, 01 Dec 2009 02:45:19 GMT)

EPF: Home loan confusion
I REFER to the letter "Second home loan confusion" (NST, Nov 25) from Ravindran of Batu Caves. (Tue, 01 Dec 2009 02:52:11 GMT)

Perpetual mortgage fund redemptions slow
Perpetual says redemptions from its mortgage funds have slowed. (Tue, 01 Dec 2009 03:37:25 GMT)

Mortgage modifications to get push
As trial loan restructurings linger, administration wants more permanent solutions -- The Obama administration on Monday announced a renewed push to get mortgage companies to convert thousands of temporarily restructured home loans into permanent ones by the year's end to help keep struggling homeowners from falling into foreclosure. (Tue, 01 Dec 2009 04:02:08 GMT)

Feds to pressure banks to speed up refinancing of troubled mortgages
Stung by complaints from Silicon Valley and across the country that a $75 billion government program to help refinance troubled mortgages is severely bogged down, federal authorities announced Monday they would increase the pressure on banks to speed up the process and save more people's homes. (Tue, 01 Dec 2009 04:35:13 GMT)

Obama administration steps up pressure on mortgage lenders
Under new requirements to help prevent foreclosures, banks and other mortgage lenders could face fines if they lag in converting temporary home loan modifications into permanent changes by year's end. With rising foreclosures still threatening the economy, the Obama administration is trying to pump new life into its much-criticized program to lower payments for homeowners at risk of defaulting ... (Tue, 01 Dec 2009 04:59:54 GMT)

Bank cuts rates, eyes govt home loan aid
ANZ announced today it has again dropped interest rates, this time as a response to government’s announcement last week of a $10 million conditional housing assistance grant for families wishing to construct new homes. (Tue, 01 Dec 2009 05:10:33 GMT)

Westpac Banking Raises Standard Variable Home Loan Rate 45 BPS
Dec. 1 (Bloomberg) -- Westpac Banking Corp. increased its standard variable home loan rate by 45 basis points after the Australian central bank increased its key interest rate by 25 basis points. (Tue, 01 Dec 2009 05:13:44 GMT)

Treasury to increase pressure on mortgage industry
The Obama administration will spend the coming weeks cracking down on mortgage companies that aren't doing enough to help at-risk borrowers. (Tue, 01 Dec 2009 05:14:55 GMT)

Westpac Raises Mortgage Rate More Than Central Bank (Update1)
Dec. 1 (Bloomberg) -- Westpac Banking Corp. , Australia’s second-biggest lender, is raising its mortgage rate by almost twice as much as the central bank increased interest rates today. (Tue, 01 Dec 2009 05:43:47 GMT)

Westpac raises home loan rate by 45bps
Australia's second biggest home loan lender Westpac raised its standard variable lending rate by almost double the amount of the central bank's increase. (Tue, 01 Dec 2009 05:45:00 GMT)

WMD Releases Dynamic Reverse Mortgage Websites With Free Setup
WMD Web Services releases two Reverse Mortgage websites for industry professionals. Anyone from the largest lender to an individual Reverse Mortgage Specialist can order a website with no setup costs and a no-commitment, 30 day free trial. (Tue, 01 Dec 2009 07:05:00 GMT)

Westpac raises home loan rate
AUSTRALIA'S second biggest home loan lender Westpac Banking Corporation raised its standard variable lending rate by almost double. (Tue, 01 Dec 2009 07:29:47 GMT)

Westpac raises home loan rate
AUSTRALIA'S second biggest home loan lender Westpac Banking Corporation raised its standard variable lending rate by almost double the amount of the central bank's increase. (Tue, 01 Dec 2009 07:29:57 GMT)

Lender Booted from Federal Housing Program
FHA Loan Probe The Federal Government's home mortgage insurer is at risk of running out of money itself. As Hari Sreenivasan reports, a federal agency has been helping the housing market, but this is ... (Tue, 01 Dec 2009 07:50:00 GMT)

Mortgage lenders will face more pressure
Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren't doing enough to help borrowers at risk of losing their homes. Treasury Department... Foreclosure - United States Department of the Treasury - Presidency of Barack Obama - Business - Real estate (Tue, 01 Dec 2009 08:45:30 GMT)

Mortgage firms get heat from Obama administration
WASHINGTON — The Obama administration on Monday announced a renewed push to get mortgage companies to convert thousands of temporarily restructured home loans into permanent ones by the year's end to help keep struggling homeowners from falling into foreclosure. (Tue, 01 Dec 2009 09:25:55 GMT)

Westpac raises home loan rate by 45bps
Westpac Banking Corporation has hiked its standard variable lending rate by almost double the amount of the central bank's increase. (Tue, 01 Dec 2009 10:31:25 GMT)

Government Increases Pressure On Mortgage Industry
The Obama administration is pushing the mortgage industry to do more for homeowners at risk of foreclosure. A $75 billion government program has yet to provide permanent help for many borrowers. Some consumer advocates say it's time the government took a harder line with lenders. The Treasury Department says it could levy fines on companies that aren't doing enough. (Tue, 01 Dec 2009 11:14:29 GMT)

Commercial Mortgage Defaults in U.S. Bank Portfolios Reach 3.4%
Dec. 1 (Bloomberg) -- The commercial mortgage default rate on loans held by U.S. banks more than doubled to 3.4 percent in the third quarter as vacancies rose and rents declined, Real Estate Econometrics LLC said. (Tue, 01 Dec 2009 12:27:29 GMT)

Thirty-Year Fixed Mortgage Rate Continues Rapid Fall; Lowest Rate Since Zillow Mortgage Marketplace Launched in April ...
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased seven basis points last week to 4.62 percent, down from 4.69 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. (Tue, 01 Dec 2009 13:00:00 GMT)

Treasury Pushes Mortgage Firms for Loan Relief
The administration said Monday that it would increase the pressure on banks to help troubled homeowners permanently lower mortgage payments. (Tue, 01 Dec 2009 15:27:27 GMT)

Record-low mortgage rates entice some home buyers
The U.S. government’s efforts to revive the housing market have pushed mortgage rates down, but the prospect of further home-price declines could keep more reluctant buyers on the sidelines. (Tue, 01 Dec 2009 16:45:40 GMT)

Radian Leads Mortgage Insurers Higher on November Delinquencies
Dec. 1 (Bloomberg) -- Radian Group Inc . led mortgage insurers higher after Chief Financial Officer Bob Quint said loan delinquency rates in November were probably less than expected. (Tue, 01 Dec 2009 17:38:04 GMT)

Radian Leads Mortgage Insurers Higher on Delinquency (Update1)
Dec. 1 (Bloomberg) -- Radian Group Inc . led mortgage insurers higher after Chief Financial Officer Bob Quint said November delinquency rates were less than expected and that the company’s newest policies were the least risky in its history. (Tue, 01 Dec 2009 18:01:49 GMT)

Brookfield Properties Refinances First Canadian Place in Toronto for C$310 Million, 5-Year Term
TORONTO----Brookfield Properties Corporation , its Canadian-based subsidiary, BPO Properties Ltd. , along with ownership partners Canada Pension Plan Investment Board and Alberta Investment Management Corporation , today announced the completion of the refinancing of First Canadian Place in Toronto with C$310 million, five-year first mortgage bonds. (Tue, 01 Dec 2009 18:13:00 GMT)

Commercial Mortgage Defaults at U.S. Banks Reach 3.4% (Update1)
Dec. 1 (Bloomberg) -- The commercial mortgage default rate on loans held by U.S. banks more than doubled to 3.4 percent in the third quarter as vacancies rose and rents declined, Real Estate Econometrics LLC said. (Tue, 01 Dec 2009 18:22:41 GMT)

HDFC launches dual-rate home loan product
HDFC has launched a special home loan product at a fixed rate of 8.25 per cent a year valid up to March 31, 2012 and the applicable floating rate for the balance term. This is a flexible product with dual rates, said a company release. (Tue, 01 Dec 2009 18:57:03 GMT)

Personal Finance Daily: Mortgage help: A sponge against a flood
Millions of mortgage borrowers are in trouble. About 650,000 of them have gotten through the preliminary stages of a program designed to make their payments more affordable. But few have seen permanent relief. (Tue, 01 Dec 2009 19:00:40 GMT)

What to Do before Refinancing Your Miami Real Estate Home
In times when interest rates are dripping like water droplets from a leaky faucet, many homeowners are starting to think about one thing: refinancing. It is definitely tempting to alter your financial strategy when things are starting to favor homeowners and borrowers. (Tue, 01 Dec 2009 19:52:36 GMT)

HDFC offers home loan at 8.25%
Upping the ante against banking leader SBI, HDFC has decided to give loans at a fixed rate of 8.25% per annum. The offer will be for all new loans taken before April 1, 2010, and the rate will be fixed till March 2012. (Tue, 01 Dec 2009 20:21:52 GMT)

Radian Leads Mortgage Insurers Higher on Delinquency (Update2)
Dec. 1 (Bloomberg) -- Radian Group Inc . led mortgage insurers higher after Chief Financial Officer Bob Quint said November delinquency rates were less than expected and that the company’s newest policies were the least risky in its history. (Tue, 01 Dec 2009 21:45:54 GMT)

30-Year Fixed Mortgage Rate Continues Rapid Fall
RISMEDIA, December 2, 2009—The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased seven basis points last week to 4.62%, down from 4.69% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com. Rates for 15-year fixed mortgages ... (Tue, 01 Dec 2009 21:49:03 GMT)

HDFC home loan Mumbai, Dec. 1:
HDFC Ltd has launched a special home loan product with a fixed interest rate of 8.25 per cent up to March 31, 2012. The offer is applicable to all new loans irrespective of the amount. For the balance term, a floating rate will be applicable. (Tue, 01 Dec 2009 22:11:24 GMT)

Second home loan confusion
I MADE an application to the Employees Provident Fund to withdraw money from Account 2 to reduce my second home loan. (Wed, 02 Dec 2009 01:07:36 GMT)

EBS consider plan to ‘shelve’ mortgage deals
RADICAL plans to ‘warehouse’ or shelve portions of mortgages owed by recession-hit homeowners are being considered by Ireland’s biggest customer-owned lender. (Wed, 02 Dec 2009 01:45:35 GMT)

Green Tree plans to spin out mortgage-servicing business
Green Tree Financial, the St. Paul loan service company, is headed toward independence again. Green Tree's owners are spinning out the company's mortgage-servicing business in a transaction that's expected to close by the end of the year, according to Standard & Poor's. (Wed, 02 Dec 2009 02:52:33 GMT)

Treasury's Mortgage Modification: Empty Threats?
The Administration's mortgage-modification program may lack the financial heft to make it worthwhile for banks to offer homeowners meaningful change (Wed, 02 Dec 2009 03:17:51 GMT)

Green Tree plans to spin out mortgage-servicing business
Green Tree Financial, the St. Paul loan service company, is headed toward independence again. Green Tree's owners are spinning out the company's mortgage-servicing business in a transaction that's exp... (Wed, 02 Dec 2009 05:06:13 GMT)

Big bank mortgage 'stranglehold' unhealthy
The head of Australia's biggest independent mortgage broker is warning that the global financial crisis has wiped out the competition that was created by previous banking reforms. (Wed, 02 Dec 2009 05:15:23 GMT)

Mortgage Shopping Done The Ebay Way
A quick and hassle free mortgage shopping tool with great rates and terms for consumers to choose from. One simple 2-minute application will help you avoid the repeated phone calls asking the same questions, and most importantly no repeated inquiries made to their credit report. (Wed, 02 Dec 2009 07:01:00 GMT)

Authority bans NI mortgage broker
A County Antrim mortgage broker is banned by the Financial Services Authority for not being competent to run an authorised firm. (Wed, 02 Dec 2009 09:34:06 GMT)

Ex-lawyer gets parallel sentence
WORCESTER - Disbarred Oxford lawyer Raymond A. Desautels III, who was sentenced last month to 2-1/2 years in federal prison on wire fraud charges, was sentenced yesterday to a concurrent term of 2 years to 2 years and a day in state prison on charges related to what prosecutors said was an elaborate mortgage fraud scheme orchestrated by another Oxford man, Allen J. Seymour. (Wed, 02 Dec 2009 09:37:16 GMT)

Mortgage modification underway
The Mortgage Modification Conversion Drive will help homeowners facing foreclosure. (Wed, 02 Dec 2009 10:25:09 GMT)

Marine sues his mortgage holder
A former Merrillville Marine is suing a mortgage company for continuing to bill him even though he has been activated. Terence Butler filed the lawsuit Monday in the U.S. District Court in Hammond. According to the lawsuit, Butler had been working as a union carpenter when he decided to buy a house in Merrillville. In September , Butler found out he was being activated by the U.S. Marines and ... (Wed, 02 Dec 2009 11:02:50 GMT)

Banned mortgage broker ‘lacked integrity’
Lisburn mortgage broker Noel Heaney has been banned by the Financial Services Authority (FSA) for not treating his customers fairly. Related Stories Guests refusing to eat in hotels £360m Royal Exchange Scheme edges ever closer with new deal Cafe leaves sweet taste with coffee lovers Boxing trainer made boys pray before abusing them Ryanair to impose Visa Electron debit card charges (Wed, 02 Dec 2009 11:06:23 GMT)

Mortgage applications edge higher as rates hit 6 month high
U.S. mortgage applications nudged higher last week, data from an industry group reported on Wednesday, as consumers showed a subdued reaction to the lowest interest rates in six months. (Wed, 02 Dec 2009 12:20:10 GMT)

Mortgage applications rose 2.1% last week: MBA
The volume of mortgage applications filed last week rose a seasonally adjusted 2.1%, compared with the week before, as mortgage rates continued to decrease, the Mortgage Bankers Association reports. (Wed, 02 Dec 2009 12:30:40 GMT)

Average mortgage $367,000
THE average new mortgage in Australia has hit an all-time high of $367,000 according to prominent mortgage broker Australian Finance Group. (Wed, 02 Dec 2009 13:00:00 GMT)

U.S. MBA Mortgage Applications Index Increased 2.1% Last Week
Dec. 2 (Bloomberg) -- Mortgage applications in the U.S. rose last week, led by a gain in purchase applications as mortgage rates approached historic lows. (Wed, 02 Dec 2009 13:46:53 GMT)

MBA: Mortgage Applications Rise In Shortened Week
(RTTNews) - Mortgage applications inched higher in the Thanksgiving holiday-shortened week as interest rates hit a six-month low. (Wed, 02 Dec 2009 14:23:47 GMT)

Mortgage applications edge higher, rates hit 6 month low
U.S. mortgage applications nudged higher last week, data from an industry group reported on Wednesday, as consumers showed a subdued reaction to the lowest interest rates in six months. (Wed, 02 Dec 2009 14:40:05 GMT)

Mortgage activity rose in short week
WASHINGTON, Dec. 2 (UPI) -- The volume of applications for U.S. mortgages rose 2.1 percent in a week shortened by the Thanksgiving holiday, an industry group said. (Wed, 02 Dec 2009 16:44:05 GMT)

As foreclosures rise, states struggle to combat mortgage scams
It was one year ago that home-owner B.L. Davis began to have trouble paying his mortgage. A medical problem, followed closely by his furnace giving out, depleted his savings and left him unable to pay the $1,900-a-month mortgage on his roomy brick house with a big pool and a neatly landscaped ... (Wed, 02 Dec 2009 16:59:12 GMT)

Home buyers will have to lay out more cash for an FHA mortgage
Home buyers will have to make a larger down payment to get an FHA-backed mortgage and will need to have higher minimum credit scores under changes announced today by HUD Secretary Shaun Donovan. Home buyers will have to pay more cash upfront to get a mortgage backed by the Federal Housing Agency -- including, possibly, coming up with a larger minimum down payment -- and will need to achieve ... (Wed, 02 Dec 2009 18:44:54 GMT)

HDFC may extend new home loan offer
Mortgage major Housing Development Finance Corp (HDFC) might extend its new home loan scheme beyond January, if cost of funds remained stable, a senior company official said today. (Wed, 02 Dec 2009 18:47:05 GMT)

FHA wants to make mortgage borrowing more expensive
Should it be more expensive to get a mortgage insured by the Federal Housing Administration? (Wed, 02 Dec 2009 19:19:00 GMT)

FHA Mortgage Insurance Program Important to Housing Market and Recovery, Says NAR
WASHINGTON, DC--(Marketwire - 12/02/09) - The Federal Housing Administration mortgage insurance program is a critical part of the American housing fabric and has never been more important than it is in today's market, NAR President Vicki Cox Golder told a congressional panel today. Testifying before the House Committee on Financial Services, Golder said that the FHA program is fiscally sound ... (Wed, 02 Dec 2009 21:04:00 GMT)

FHA Mortgage Insurance Program Important to Housing Market and Recovery, Says NAR
WASHINGTON, DC--(Marketwire - December 2, 2009) - The Federal Housing Administration mortgage insurance program is a critical part of the American housing fabric and has never been more important than it is in today's market, NAR President Vicki Cox Golder told a congressional panel today. Testifying before the House Committee on Financial Services, Golder said that the FHA program is fiscally ... (Wed, 02 Dec 2009 21:18:25 GMT)

Davidson Speakers Series Features Panel of Experts on Real Estate Trends
Jacksonville - The Davidson Speaker Series continues on December 10th with a panel of experts who will present "Real Estate Trends," with important information for anyone considering buying, selling or refinancing a home. (Thu, 03 Dec 2009 00:37:10 GMT)

‘MCA: A guide for dummies’
DEC 3 — If you are a Malaysian, coffee drinking, have a small mortgage and not a member of the MCA, there is a high chance you might not know a lot about the 60-year-old party — other than what M, C and A stands for. There is a high chance, however, you know something about caffeine addiction and refinancing. Because the flurry of information coming from the various MCA leaders are so cryptic ... (Thu, 03 Dec 2009 00:59:06 GMT)

Lender Processing Services' November 2009 Mortgage Monitor Report Shows Loan Deterioration Ratio Climbed above 3:1
JACKSONVILLE, Fla., Dec. 2 /PRNewswire-FirstCall/ -- The November Mortgage Monitor report, released by Lender Processing Services, Inc. (Thu, 03 Dec 2009 01:20:43 GMT)

Paterson church in default for $3.3M following mortgage scheme
PATERSON — The city’s oldest black Baptist church is in default for $3.3 million after allegedly falling victim to fraud by a purported mortgage lender. (Thu, 03 Dec 2009 02:07:58 GMT)

Private groups see mortgage gains
A private-sector group says nearly 2.7 million homeowners this year have received mortgage modifications or repayment plans. (Thu, 03 Dec 2009 02:28:26 GMT)

Thursday December 03 2009
DEC 3 — If you are a Malaysian, coffee drinking, have a small mortgage and not a member of the MCA, there is a high chance you might not know a lot about the 60-year-old party — other than what M, C and A stands for. (Thu, 03 Dec 2009 03:29:16 GMT)

Victims of mortgage scam fight foreclosure in court
A Golden Valley couple, victims of mortgage fraud, take their case to federal court to avoid eviction. (Thu, 03 Dec 2009 03:46:22 GMT)

Family Who Lost Mortgage When Company Folded, Gets Great News
The Dryers were supposed to close on their dream home in Hazlet, New Jersey on Wednesday but could not, because their lender, Lend America folded, making their mortgage, worthless. (Thu, 03 Dec 2009 04:42:27 GMT)

FBI probe of mortgage firm no surprise to lawyer
Attorney Chris Carter, who is representing a Texas couple in a suit against Financial Resources Mortgage Inc., says his only surprise is that authorities didn't take action sooner against the company. (Thu, 03 Dec 2009 05:09:52 GMT)

Home buyers will have to lay out more cash for an FHA mortgage
They'll also need to have higher minimum credit scores under changes announced by HUD Secretary Shaun Donovan. Reporting from Los Angeles and Washington Alejandro Lazo -- Thousands of Southern California home buyers, and millions nationwide, will have to come up with more cash and reach higher minimum credit scores to get a government-backed mortgage under changes unveiled by the Federal Housing ... (Thu, 03 Dec 2009 05:18:22 GMT)

Hope Now reports mortgage modification gains for homeowners
Nearly 2.7 million homeowners this year have received mortgage modifications or repayment plans, independent of those helped by a government program to get borrowers into modified home loans, a private-sector group supported by the mortgage industry said Wednesday. (Thu, 03 Dec 2009 05:45:54 GMT)

The best home loan rate war is on
With HDFC also jumping on the dual-rate bandwagon, a home buyer has some good options. (Thu, 03 Dec 2009 08:52:40 GMT)

County tackles growing mortgage fraud problem
Representatives from the Prince George's County state's attorney's office have pledged stronger efforts to curb mortgage fraud to help protect residents in Prince George's, which leads the state in this type of fraud. (Thu, 03 Dec 2009 10:53:12 GMT)

National home equity loan averages
Here are the average home equity rates from Bankrate's weekly survey of large banks and thrifts. (Thu, 03 Dec 2009 11:00:00 GMT)

Mortgage Rate Trend Index
Each week, Bankrate.com surveys experts to gauge which way mortgage rates are headed. (Thu, 03 Dec 2009 11:00:00 GMT)

Mortgage rates hover near historic lows
The 30-year fixed is up a bit, but the 15-year fixed slips to a new record. (Thu, 03 Dec 2009 11:00:00 GMT)

State to allocate 250 bln rubles in 2010 to reduce mortgage rates to10%-11% - Putin (Part 2)
MOSCOW. Dec 3 (Interfax) - The state will allocate 250 billion rubles in 2010 to reduce mortgage loan interest rates to 10%-11% annually, Prime Minister Vladimir Putin said during a live televised call-in show on Thursday. (Thu, 03 Dec 2009 11:11:00 GMT)

Mortgage rates hover near historic lows
Mortgage rates are near historic lows, and it's about to get harder to get a home loan. The benchmark 30-year fixed-rate mortgage rose 1 basis point, to 5.01 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. (Thu, 03 Dec 2009 11:42:00 GMT)

Interest Rate Roundup
The 30-year fixed-rate mortgage edged up 1 basis point, to 5.01 percent. A basis point is one-hundredth of a percentage point. Meanwhile, this week's average 15-year fixed-rate -- a popular option for refinancing -- slipped 1 basis point, to a record low 4.46 percent. (Thu, 03 Dec 2009 11:42:40 GMT)

Thursday December 03 2009
DEC 3 — If you are a Malaysian, coffee drinking, have a small mortgage and not a member of the MCA, there is a high chance you might not know a lot about the 60-year-old party — other than what M, C and A stands for. (Thu, 03 Dec 2009 12:14:05 GMT)

To Avoid Foreclosure, Homeowners and Banks Must Harness 21st-Century Technology Says Home Loan Expert
Nearly 60 percent of the 375,000 borrowers who qualify to have their loan modifications completed by the end of 2009 have either submitted incomplete paperwork or none at all. Technology may be needed to help curb this problem. (Thu, 03 Dec 2009 12:22:51 GMT)

Bankrate: Mortgage Rates Remain Near Record Lows
The average conforming 30-year fixed mortgage moved a touch higher from 5 percent to 5.01 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points. (Thu, 03 Dec 2009 12:30:00 GMT)

MF Global Receives Underwriter and Reallowance Dealer Status from Federal Home Loan Bank
NEW YORK----MF Global Ltd. , a leading intermediary offering customized solutions in global cash, derivatives and related markets, has been approved by the Federal Home Loan Bank System as an Underwriter and a Reallowance Dealer. (Thu, 03 Dec 2009 14:30:00 GMT)

U.S. mortgage rates fall to record low: Freddie Mac
NEW YORK (Reuters) - U.S. mortgage rates dropped to a record low, smashing through a previous record set earlier this year, a closely watched mortgage survey showed Thursday. (Thu, 03 Dec 2009 15:36:03 GMT)

Rate On 30-year Mortgage Falls To New Low
Rate On 30-year Mortgage Falls To New Low (Thu, 03 Dec 2009 15:43:43 GMT)

Mortgage Rates in U.S. Decline to Record Low of 4.71 Percent
Dec. 3 (Bloomberg) -- Mortgage rates for fixed 30-year loans dropped to a record low amid signs that the housing market is beginning to emerge from the worst slump since the 1930s. (Thu, 03 Dec 2009 15:46:36 GMT)

Rate for 30-year fixed mortgage falls
The decline to 4.71% is the lowest since the mortgage finance company Freddie Mac began tracking the data in 1971. It comes as the Obama administration is working to lower borrowing costs. The average interest rate for a 30-year mortgage dropped to a record low of 4.71% this week, pushed down by an aggressive government campaign to reduce borrowing costs. (Thu, 03 Dec 2009 15:59:56 GMT)

Mortgage rates hit record lows
By Alan Zibel Associated Press WASHINGTON - The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. (Thu, 03 Dec 2009 16:07:39 GMT)

U.S. mortgage rates fall to record low: Freddie Mac
U.S. mortgage rates dropped to a record low in the latest week, as rates fell for a fifth straight week, a closely watched mortgage survey showed Thursday. (Thu, 03 Dec 2009 16:42:30 GMT)

Record-low mortgage rates beckon home buyers
The U.S. government’s efforts to revive the housing market help push mortgage rates down to record levels, making homes more affordable for buyers hunting for a good deal in a soft market. (Thu, 03 Dec 2009 17:30:40 GMT)

Mortgage Rates in the U.S. Decline to a Record Low (Update2)
Dec. 3 (Bloomberg) -- Mortgage rates for fixed 30-year loans in the U.S. dropped to a record low amid signs that the housing market is beginning to emerge from the worst slump since the 1930s. (Thu, 03 Dec 2009 17:46:08 GMT)

MGIC Leads Mortgage Insurers Higher on Capital Waiver (Update2)
Dec. 3 (Bloomberg) -- MGIC Investment Corp. led mortgage insurers higher after its Wisconsin regulator waived minimum capital requirements for two years, allowing the company to keep selling coverage after nine straight quarterly losses. (Thu, 03 Dec 2009 17:53:10 GMT)

Rates on 30-year mortgages set new record low
The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. (Thu, 03 Dec 2009 19:36:44 GMT)

Mortgage rates drop to record lows
WASHINGTON, Dec. 3 (UPI) -- Interest rates for 30-year fixed-rate mortgage loans fell to a record low in the week ending Dec. 3, the Federal Home Loan Mortgage Corp. said Thursday. (Thu, 03 Dec 2009 20:05:15 GMT)

Fitch Withdraws Ratings on 2 Classes of GMAC Home Equity Loan Trust
NEW YORK----Fitch Ratings has withdrawn the rating on the following 2 classes of GMAC Home Equity Loan Trust, series 2001-HE3 listed below: (Thu, 03 Dec 2009 20:20:00 GMT)

MGIC Leads Mortgage Insurers Higher on Capital Waiver (Update3)
Dec. 3 (Bloomberg) -- MGIC Investment Corp. led mortgage insurers higher after its Wisconsin regulator waived minimum capital requirements for two years, allowing the company to keep selling coverage after nine straight quarterly losses. (Thu, 03 Dec 2009 21:56:14 GMT)

A Primer on Why So Many Home Loan Modifications Fail
Many borrowers are failing to give banks proof of income or are unable to make the three monthly payments of the new lower amount required by the program. (Thu, 03 Dec 2009 23:02:49 GMT)

Fitch Takes Action on 3 Classes of Lehman Brothers Home Equity Loan Asset-Backed Notes 2005-1
NEW YORK----Fitch Ratings has downgraded 3 classes of Lehman Brothers Inc. Home Equity Loan Asset-Backed Notes, Series 2005-1. (Thu, 03 Dec 2009 23:07:00 GMT)

Mortgage rates hit record low. Should you refinance?
The last time mortgage rates were this low, homes cost less than $25,000, people used single dollar bills to pay for a tankful of gas, and no one worried about OPEC or stagflation. Microprocessors hadn't been invented yet. So now may be a great time for many homeowners to turn back ... (Thu, 03 Dec 2009 23:44:11 GMT)

CBA raises home loan rate by 37bps
Australia's biggest home loan lender Commonwealth Bank of Australia has raised its standard variable lending rate by more than the central bank's increase. (Fri, 04 Dec 2009 01:54:11 GMT)

CBA raises home loan rate by 37bps
AUSTRALIA'S biggest home loan lender Commonwealth Bank of Australia Ltd has raised its standard variable lending rate by more than the central bank's increase. (Fri, 04 Dec 2009 02:44:46 GMT)

30-year rates fall to 4.71%, elicit mortgage applications
Mortgage rates fell to a historic low this week, spurring mortgage applications and possibly home sales. The 30-year-average dropped to 4.71%. (Fri, 04 Dec 2009 02:44:54 GMT)

30-year mortgage rates hit record low
The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an... (Fri, 04 Dec 2009 03:56:39 GMT)

Mortgage rates hit lows, but will it last?
Average 30-year fixed loan at 4.71%, best on record and a boon for homebuyers and those looking to refinance Interest rates on the benchmark 30-year fixed-rate mortgage dipped to a 38-year low this week, giving consumers another reason to consider purchasing a home or refinancing their current one. (Fri, 04 Dec 2009 04:16:48 GMT)

Mortgage rate drops to record low
The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. (Fri, 04 Dec 2009 05:00:00 GMT)

Realty Q&A: The never-ending mortgage modification trial
I have been in the Obama administration's Making Home Affordable trial modification with my lender since July. I have been told so many different stories by so many different reps that I am really not sure where I stand or what's going to happen to me and my home. (Fri, 04 Dec 2009 05:16:43 GMT)

Loan scammers hide behind 405 area code
Bad credit? No credit? Offers abound to help individuals get loans or credit cards, even with a less-than-perfect credit history. A South Carolina woman learned the hard way that some deals are too good to be true. Tyna Milcetich, of Charleston, S.C., had an opportunity in August to move out of her rental home and into a houseboat. She started looking for a loan to buy the $30,000 boat and found ... (Fri, 04 Dec 2009 05:50:05 GMT)

Arizona, feds target home loan schemes
Arizona Attorney General Terry Goddard said his office and federal agencies plan to work together to go after the firms that market help to homeowners facing foreclosure but instead ''cheat homeowners out of their last bit of cash.'' (Fri, 04 Dec 2009 06:29:03 GMT)

Economic Stimulus and Low Rates Tempt Buyers to Bite Into the Housing Market--Chew on This Mortgage Expert's Advice ...
Author Dale Vermillion shares both his personal experiences and his professional expertise, helping readers avoid the mistakes most first-time and repeat mortgage buyers make when they go to finance or refinance their home. (Fri, 04 Dec 2009 07:01:00 GMT)

30-year rates fall to 4.71%, elicit mortgage applications
The average interest rate for a 30-year mortgage dropped to a record low of 4.71% this week, pushed down by an aggressive government campaign to reduce borrowing costs. (Fri, 04 Dec 2009 07:36:54 GMT)

Mortgage rates at record low
The rates, reported yesterday in the weekly Freddie Mac Primary Mortgage Market Survey, were down from last week’s 4.78 percent, which ties a record low set in April for 30-year, fixed-rate loans with a 20 percent down payment. The survey dates to 1971. (Fri, 04 Dec 2009 08:12:29 GMT)

Mortgage rate falls to record low 4.71%
Mortgage rates for fixed 30-year loans in the U.S. have dropped to a record low and Rochester-area real estate professionals expect that to help generate activity. (Fri, 04 Dec 2009 10:06:35 GMT)

Marine Sues His Mortgage Holder
A former Merrillville, Ind. Marine is suing a mortgage company for continuing to bill him even though he has been activated.   (Fri, 04 Dec 2009 10:46:08 GMT)

Early mortgage payment won't save much
Making a mortgage payment earlier in the month will not result in big savings for one homeowner. (Fri, 04 Dec 2009 11:00:00 GMT)

Mortgage rates hit rock bottom
Mortgage rates hit rock bottom (Fri, 04 Dec 2009 13:08:02 GMT)

Economic Stimulus and Low Rates Tempt Buyers to Bite Into the Housing Market - Chew on This Mortgage Expert's Advice ...
For many homebuyers and homeowners, historically low rates and the new tax incentives on housing in the government's economic stimulus bill are like manna from heaven. But if you're a first-time buyer or looking to refinance your existing home, here's something you should chew on first: the latest book by mortgage expert Dale Vermillion, Navigating Mortgage Maze: The Simple Truth About Financing ... (Fri, 04 Dec 2009 13:10:00 GMT)

New home loan package from Bank of Valletta
In line with its commitments to provide customers with innovative and flexible products, Bank of Valletta has introduced a new Home Loans Package for Estate Agents offering various benefits to customers purchasing property through local estate agents. (Fri, 04 Dec 2009 13:29:00 GMT)

Arizona, feds target home loan schemes
Arizona's top prosecutor is partnering with federal regulators to stop more loan-modification scams aimed at struggling homeowners. (Fri, 04 Dec 2009 14:09:13 GMT)

Hundreds seek mortgage help at NC event
CHARLOTTE — Hundreds of people hoping to stay in their homes turned out for a chance to refinance their mortgages at an event in North Carolina's largest city sponsored by a nonprofit group. (Fri, 04 Dec 2009 14:21:28 GMT)

HRPT Properties closes on $175 million mortgage
HRPT Properties Trust on Friday said it completed a new mortgage financing for $175 million, and plans to use the proceeds to reduce outstanding debt under its revolving bank credit facility. (Fri, 04 Dec 2009 16:13:32 GMT)

HPRT Properties closes on $175 million mortgage deal; proceeds will go toward paying down debt
NEWTON, Mass. - HRPT Properties Trust on Friday said it completed a new mortgage financing for $175 million, and plans to use the proceeds to reduce outstanding debt under its revolving bank credit facility. (Fri, 04 Dec 2009 16:22:12 GMT)

Mortgage Bond Market in Europe Passes ‘Milestone’ in Dutch Sale
Dec. 4 (Bloomberg) -- Aviva Plc’s Dutch financial services unit sold $1.3 billion of residential mortgage-backed bonds in the first sale of its type since 2007. (Fri, 04 Dec 2009 16:41:02 GMT)

HRPT Properties closes on $175 million mortgage
HRPT Properties Trust on Friday said it completed a new mortgage financing for $175 million, and plans to use the proceeds to reduce outstanding debt under its revolving bank credit facility. The 10-year loan is secured by one of the real estate investment... Mortgage - Real estate - Loan - Business - HRPT Properties Trust (Fri, 04 Dec 2009 16:45:55 GMT)

Mortgage-Bond Yields Jump to Highest in Month After Jobs Data
Dec. 4 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities climbed to the highest in a month amid signs the employment market is improving, signaling that interest rates on new home loans may extend a rebound from record lows. (Fri, 04 Dec 2009 17:08:59 GMT)

Ambac Unit To Advise On Troubled Mortgage Investments
CHICAGO -(Dow Jones)- When life hands you lemons, make lemonade. Bond insurers, including Ambac Financial Group Inc. (ABK), have been doing just that by forcing mortgage originators to make good on soured loans in insured securities. (Fri, 04 Dec 2009 18:18:39 GMT)

Record-low mortgage rate good news for homebuyers
The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. (Fri, 04 Dec 2009 20:13:53 GMT)

Arizona unites with feds to target home loan schemes
Instead of providing loan-modification help, some firms take homeowners' money and do little else. (Fri, 04 Dec 2009 20:25:02 GMT)

Great Falls Reacts to Record-Low Mortgage Rates
Mortgage rates are lower than ever. The Federal Reserve has been pumping money into mortgage-backed securities to bring the rates down. Some specialists in Great Falls say now might be your best chance to refinance or buy a home. (Fri, 04 Dec 2009 21:12:54 GMT)

Extended Stay Finds Deal on Mortgage Payments for ‘Slow’ Season
Dec. 4 (Bloomberg) -- Extended Stay Hotels Inc. , the bankrupt operator of 680 properties, reached a deal allowing it to defer monthly interest payments of $18 million on mortgage loans to preserve cash during the company’s slow season. (Fri, 04 Dec 2009 21:35:24 GMT)

30-year-mortgage rates slide to their lowest level on record
The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. (Fri, 04 Dec 2009 21:49:17 GMT)

Rate for 30-year fixed mortgage falls
The decline to 4.71% is the lowest since the mortgage finance company Freddie Mac began tracking the data in 1971. It comes as the Obama administration is working to lower borrowing costs. The average interest rate for a 30-year mortgage dropped to a record low of 4.71% this week, pushed down by an aggressive government campaign to reduce borrowing costs. (Fri, 04 Dec 2009 22:02:14 GMT)

Quarter of foreclosure prevention plan participants delinquent on new mortgage payments
About 25 percent of borrowers helped under the administration's massive foreclosure prevention plan have already fallen behind on their new mortgage payments, according to government data that raise new questions about the program's effectiveness. (Sat, 05 Dec 2009 00:25:00 GMT)

Record-low mortgage rate good news for homebuyers
The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. (Sat, 05 Dec 2009 00:51:50 GMT)

Mortgage rates see near-rock bottom prices
Many are calling it a buyer's market, but mortgage banker Debbie Bulcock of Albuquerque said gone are the days of the so-called "liar loans," when people didn't have to prove their income. (Sat, 05 Dec 2009 02:43:13 GMT)

Real Estate Matters: Tax credit for first-time buyers doesn't hinge on seller's status
Can first-time home buyers qualify for the tax credit if they buy from an individual seller who is holding the mortgage and the seller did not live in the home previously? (Sat, 05 Dec 2009 03:31:57 GMT)

Love Funding's Cleveland Office Closes $2,691,200 Refinance Loan for Senior Housing Facility in Florida
Cleveland , Ohio , Dec. 4, 2009… Love Funding today announced that its Cleveland office secured $2,691,200 in financing for the J.H. Floyd Sunshine Village , a 36,478-square-foot senior housing facility located in Sarasota , Fla. Robert L. Smallwood, First Vice President with the national mortgage-banking firm’s Cleveland office, originated the transaction. (Sat, 05 Dec 2009 04:22:00 GMT)

Feds charge Dorchester mortgage broker with fraud
A shady mortgage broker exposed in an award-winning Herald series on Boston's foreclosure crisis was indicted by the federal government yesterday on multiple counts of... (Sat, 05 Dec 2009 05:25:20 GMT)

Kircher-Belz Files Loan For Third Bocage Home
Kircher-Belz Builders LLC has filed a $600,000 construction loan through Magna Bank to build a third home in the Bocage subdivision along the east sid.... (Sat, 05 Dec 2009 06:06:42 GMT)

Mortgage for Woods' spokesman raises question
STUART — When public relations pro Pat Austin learned Tiger Woods’ spokesman Glenn Greenspan owns a home in Sewall’s Point thanks to a nearly $1 million mortgage granted by his boss’s company, she said the arrangement raised questions of professional ethics. (Sat, 05 Dec 2009 06:24:50 GMT)

The Bee seeking mortgage stories
One university law professor says people who owe significantly more on their mortgage than their hom (Sat, 05 Dec 2009 06:37:41 GMT)

Pastor linked to mortgage scheme
Pastor Robert Farah listens to lawyers at the Belknap County Superior Courthouse in a case involving his son, Scott David Farah and Financial Resources Mortgage, Inc. (Sat, 05 Dec 2009 08:18:12 GMT)

City debt refinance saves $775K
ASPEN - The city of Aspen is saving taxpayers more than three-quarters of a million dollars using creative financing. The city recently took advantage of an opportunity to lower the cost on two existing bond issues, saving more than $750,000 over their life. The bonds are set to expire in 2021. The process is similar to refinancing a mortgage and will save approximately $73,000 a year. "In the ... (Sat, 05 Dec 2009 09:14:40 GMT)

Peter Boutell, Lending a Hand, Dec. 6, 2009: Unexpected drop in rates offers refinance opportunity
Those of us who monitor mortgage rates and follow the Federal Reserve's statements and actions did not expect 30-year fixed mortgage rates to drop to 4. (Sat, 05 Dec 2009 09:46:00 GMT)

Mortgage aid too little for some
Quarter of borrowers helped by anti-foreclosure plan are delinquent in their current payments. (Sat, 05 Dec 2009 16:51:20 GMT)

Mortgage assistance brings hope to hundreds gathered at Cobo Hall
Hundreds today came to Cobo Hall for a special workshop for homeowners delinquent on their mortgages. They were able to sit down with counselors and bankers for help. (Sat, 05 Dec 2009 18:40:45 GMT)

Money helpdesk: Ins and outs of overpaying on a tracker mortgage
LIKE many people I know, I have a capital and interest repayment tracker mortgage, and am paying £1,000 a month with 15 years left. (Sun, 06 Dec 2009 00:18:17 GMT)

30-year mortgage rates drop to record low 4.71%
The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent last week, pushed down by an aggressive government campaign to reduce borrowing costs. (Sun, 06 Dec 2009 05:02:50 GMT)

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