Mortgage News Dec 2009

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Loan shark Datuk arrested on return
For five months, police waited patiently to arrest one of the main figures in a money lending syndicate. The man, a Datuk in his 40s, had left the country in July to escape a blitz on loan sharks by the Home Ministry in July. (Wed, 16 Dec 2009 09:11:14 GMT)

Great deals on mortgage modifications, including 2% interest
At 8 a.m., homeowner Rodney Wynn was drowning under his $1,800-per-month, 13.4% interest rate mortgage. But by 5 p.m., he had found some relief: a 4.7% loan with a $970 monthly payment. (Wed, 16 Dec 2009 10:51:00 GMT)

5 top situations for an auto refinance
If you fit these scenarios you could save a lot on an auto refinance. (Wed, 16 Dec 2009 11:00:00 GMT)

Home loan arrears rise year on year
The number of homeowners who have fallen behind on their mortgage payments fell slightly in the three months until September, but the figure is still much higher than at this time last year, official data show. (Wed, 16 Dec 2009 11:00:07 GMT)

Video: Use home equity to pay student loans?
A woman asks if her children should pay off student loans by taking a home equity loan. (Wed, 16 Dec 2009 11:42:40 GMT)

NatWest handed Al Qaeda terrorist 100% mortgage to buy £93,000 home he turned into a bomb factory
Albanian Muslim Krenar Lusha, 30, applied to NatWest for a mortgage in in a daring ruse to help him settle down and mingle in suburban Middle England. (Wed, 16 Dec 2009 11:48:34 GMT)

Troy man faces charges for defrauding Saline homeowner
Saline police said a Troy man arrested last week for allegedly defrauding people of thousands of dollars in a mortgage-refinancing scam is facing similar charges in Washtenaw County for swindling three Saline women of their hard-earned cash. (Wed, 16 Dec 2009 12:16:53 GMT)

Mortgage application volume inches higher
Mortgage application volume inched up 0.3 percent last week, the Mortgage Bankers Association said Wednesday. Refinance volume rose 0.9 percent during the week ending Dec. 11, compared with the previous week. (Wed, 16 Dec 2009 12:27:45 GMT)

Mortgage applications rose slightly last week: MBA
Applications for mortgages rose a seasonally adjusted 0.3% last week, compared with the week before, the Mortgage Bankers Association reports. (Wed, 16 Dec 2009 12:30:40 GMT)

U.S. MBA Mortgage Applications Index Increased 0.3% Last Week
Dec. 16 (Bloomberg) -- Mortgage applications in the U.S. rose last week as more homeowners refinanced to take advantage of borrowing costs close to record lows. (Wed, 16 Dec 2009 12:30:55 GMT)

Mortgage applications edge up in latest week
Mortgage applications nudged higher last week, marking a third weekly rise, driven by a slight uptick in demand for home refinancing loans, an industry group reported on Wednesday. (Wed, 16 Dec 2009 13:39:53 GMT)

Mortgage firms to pay restitution in foreclosure scheme
Two Owings Mills-based mortgage firms accused of running a "foreclosure rescue scheme" have agreed to pay $110,000 in cash restitution as part of a settlement that saved the Ellicott City homes of two elderly women, one of whom has since died after becoming a victim. (Wed, 16 Dec 2009 13:46:43 GMT)

MBA: Mortgage Applications Edge Up As Rates Stay Low
(RTTNews) - Mortgage applications edged up last week as interest rates remained below five percent for the seventh straight week. (Wed, 16 Dec 2009 14:38:57 GMT)

Miami Real Estate Facts to Consider When Owning A Home
It is really hard to buy your very own home in Miami real estate. You will surely experience ups and downs of your emotions especially when looking the right property, loan and finally when moving in. (Wed, 16 Dec 2009 15:37:47 GMT)

IDBI Bank revises home loans rates
Kolkata, Dec 16 : IDBI Bank Ltd has revised the interest rates of its Home loan, said an official statement Wednesday. (Wed, 16 Dec 2009 16:47:08 GMT)

JPMorgan Chase to open 24 more mortgage centers
JPMorgan Chase & Co. said Wednesday it will almost double its nationwide network of mortgage assistance centers by adding 24 new locations to help homeowners at risk of foreclosure. (Wed, 16 Dec 2009 17:16:36 GMT)

Moody's: US Life Insurers' Commercial Mortgage Losses To Be Less
Moody's Investor Services predicts that U.S. life insurers will suffer a lesser blow on commercial-mortgage losses relative to banks and the general market, learning from lessons received 20 years ago. (Wed, 16 Dec 2009 18:03:51 GMT)

Total Mortgage Services Provides Performance Update On Record 2009
MILFORD, CONNECITCUT - (December 16, 2009), Total Mortgage Services , LLC (Total Mortgage), a leading mortgage lender and broker, today provided an update on its record breaking 2009 performance, as production volume is expected to set a record by surpassing the $750 million milestone, and the company’s outlook and initiatives for 2010. (Wed, 16 Dec 2009 18:08:03 GMT)

Shares of homebuilders climb as housing starts, mortgage application volume see an uptick
NEW YORK - Shares of homebuilders climbed Wednesday after reports showed an uptick in home construction and mortgage application volume. Construction of new homes and apartments rose 8.9 percent in November to a seasonally adjusted annual rate of 574,000 units, the Commerce Department said. (Wed, 16 Dec 2009 18:49:02 GMT)

Forget 5-month-old mortgage rate lock
Dear Dr. Don, I'm refinancing my home and have locked in a mortgage rate of 5 percent for 15 years from the Federal Housing Administration. I locked in the rate last May, but the bank continues to drag its feet in settling the deal. The 15-year rate is now down to 4.375 percent annually. (Wed, 16 Dec 2009 19:27:40 GMT)

Home loans available through USDA’s Rural Development program
Low-income families and residents of northeast Minnesota counties are eligible for a home ownership loan through the U.S. Department of Agriculture’s Rural Development program. (Wed, 16 Dec 2009 20:02:12 GMT)

Mortgage refinancing rises, purchases drop
Mortgage applications for refinancing rose last week, while purchase activity dropped slightly, the Mortgage Bankers Association reported. (Wed, 16 Dec 2009 20:20:26 GMT)

Goldman Sachs Mortgage Role Should Be Probed, Labor Union Says
Dec. 16 (Bloomberg) -- Goldman Sachs Group Inc. should be probed for its role in the subprime mortgage crisis, according to letters sent to 10 state attorneys general by a labor union that represents 150,000 people in the U.S. and Canada. (Wed, 16 Dec 2009 20:47:48 GMT)

Ohio Sues Mortgage Rescue Firm
Ohio's Attorney General has filed a lawsuit in Montgomery County Common Pleas Court against a New York-based mortgage servicing company that he claims has been duping its Ohio customers. (Wed, 16 Dec 2009 21:05:27 GMT)

30-Year Fixed Mortgage Rate Inches Up for Second Straight Week
RISMEDIA, December 17, 2009—The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased five points last week to 4.72%, up from 4.67% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com. Rates for 15-year fixed mortgages rose one ... (Wed, 16 Dec 2009 21:19:03 GMT)

Family Fights Bank To Get Home Loan Modified
Attorneys told Eyewitness News the same banks that took government bailout money are now turning their backs on families. (Wed, 16 Dec 2009 21:50:10 GMT)

Using the Equity of Your Aventura Real Estate Home
The equity is the part of your Aventura real estate property that you own. You build equity as you pay mortgage payments and place money on the principal amount of the loan. Equity also increases when the value of your home appreciates. So what does this all have to do with your finances? (Wed, 16 Dec 2009 22:31:24 GMT)

Loan modification, bankruptcy can complicate each other
While many debtors continue to hope for a loan modification for their home mortgage, the reality of the modification program is complicating life for bankruptcy attorneys. (Wed, 16 Dec 2009 22:42:40 GMT)

Mortgage Applications Continue to Rise Despite Off Season
Mortgage applications continue to make their way across lenders' desks making the normally slow December home buyer season much more busy than normal. (Thu, 17 Dec 2009 00:59:31 GMT)

Two arrested over $150m mortgage scam
Police in Sydney have arrested a man and a woman over an alleged $150 million mortgage scam. (Thu, 17 Dec 2009 01:05:32 GMT)

Mortgage fraud: warning to home owners
Police are warning homeowners of a scam in which their identities could be stolen and used for false mortgage applications. (Thu, 17 Dec 2009 01:06:35 GMT)

Mortgage fraudsters want shirt off your back
POLICE are warning homeowners of a scam in which their identities could be stolen and used for false mortgage applications. (Thu, 17 Dec 2009 01:21:35 GMT)

Government mulls 'reverse mortgage' program for seniors
TAIPEI, Taiwan --Interior Minister Jiang Yi-huah said yesterday the government will complete the feasibility study of a “reverse mortgage” program for seniors by the end of 2010, and will then determine how to implement the program. (Thu, 17 Dec 2009 01:40:40 GMT)

$150m mortgage scam: two arrested
Police have charged two more people as part of their investigation into an alleged $150 million mortgage fraud. (Thu, 17 Dec 2009 03:10:02 GMT)

Bank of America defends performance in Making Home Affordable mortgage modification program
Bank of America, the country's largest mortgage lender, on Wednesday defended its performance in the federal foreclosure relief program, saying that far fewer of its customers are eligible for the plan than government estimates indicate and that it is working to cure any deficiencies. (Thu, 17 Dec 2009 05:00:00 GMT)

Murder linked to $100m mortgage racket
MICHAEL McGurk's murder linked to an alleged mortgage racket involving hundreds of homes. (Thu, 17 Dec 2009 06:15:30 GMT)

Total Mortgage Services Provides Performance Update on Record 2009
2009 production volume expected to increase 67% to over $750 million in closed loans. Success driven by offering some of the lowest mortgage rates and working with high quality borrowers. Key initiatives planned to continue positive momentum in 2010. [PR.com] (Thu, 17 Dec 2009 08:06:04 GMT)

Fewer loan sharks after all-out war: Michael Chong
KUALA LUMPUR, Dec 17 (Bernama) -- The number of cases involving "Ah Long" has dropped by 163 to 473 cases this year following the declaration of an all-out war against the loan sharks in June by Home Minister Datuk Seri Hishammuddin Tun Hussein, according to MCA Public Complaints Bureau chief Datuk Michael Chong. (Thu, 17 Dec 2009 08:52:51 GMT)

Mortgage rates climb for 3rd week
As mortgage rates continue to rise, experts look at the challenges ahead in the housing market. (Thu, 17 Dec 2009 11:00:00 GMT)

Mortgage rates climb for 3rd week
Mortgage rates rose for the third straight week in Bankrate's weekly survey. The benchmark 30-year, fixed-rate mortgage jumped 9 basis points, to 5.13 percent, according to the Bankrate.com's national survey of large lenders. A basis point is one-hundredth of 1 percentage point. (Thu, 17 Dec 2009 11:42:00 GMT)

Fee won't halt mortgage refinance
Dear Dr. Don, I owe current late charges on my mortgage (not enough to affect my credit). How might this affect me in terms of a mortgage refinance ? What should I do? (Thu, 17 Dec 2009 11:42:10 GMT)

Mortgage Rates Dec. 17, 2009
Mortgage rates rose for the third consecutive week. Get up to Four Loan Offers in Minutes! The Federal Reserve's monetary policy panel has many tools in addition to the federal funds rate. (Thu, 17 Dec 2009 11:42:40 GMT)

Mortgage Rate Trend Index
Will mortgage rates rise or remain relatively unchanged? Experts and Bankrate analysts provide their insights. (Thu, 17 Dec 2009 11:43:00 GMT)

Bankrate: Mortgage Rates Rise Again
The average conforming 30-year fixed mortgage increased this week to 5.13 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points. (Thu, 17 Dec 2009 12:30:00 GMT)

Montville resident, son indicted in $4.5M mortgage fraud scheme
A Montville resident, his son and their Passaic County-based real estate firms have been indicted for allegedly stealing approximately $4.5 million from mortgage lenders by providing false information in home loan applications. (Thu, 17 Dec 2009 13:03:34 GMT)

Chase Adds More Mortgage Centers
JPMorgan Chase comes to aid of homeowners to help them with mortgage assistance. (Thu, 17 Dec 2009 13:21:44 GMT)

Ohio sues mortgage servicing firm
The state attorney general filed suit Wednesday against a New York-based mortgage servicing company that he claims has been poorly serving its Ohio customers. (Thu, 17 Dec 2009 13:22:18 GMT)

Federal Home Loan Bank of Indianapolis Announces Results of Board of Director Election
INDIANAPOLIS -- The Federal Home Loan Bank of Indianapolis announces the certified results of the Indiana election of member directors and the district-wide election of independent directors to its Board of Directors for terms beginning January 1, 2010, and ending December 31, 2013. (Thu, 17 Dec 2009 14:03:32 GMT)

Photo Release -- FHLB Dallas and USAA Federal Savings Bank Award AHP Grant to Methodist Mission Home to Assist With ...
SAN ANTONIO -- The Federal Home Loan Bank of Dallas joined USAA Federal Savings Bank on Friday, December 11, at a groundbreaking and tour to celebrate the final stage of renovations at the Southwest Center for Higher Independence and Maternity Center of the Methodist Mission Home in San Antonio, Texas. (Thu, 17 Dec 2009 15:20:50 GMT)

30-year Fixed-rate Mortgage Average Stays Below 5%
30-year Fixed-rate Mortgage Average Stays Below 5% (Thu, 17 Dec 2009 15:36:19 GMT)

Great deals on mortgage modifications, including 2% interest
At 8 a.m., homeowner Rodney Wynn was drowning under his $1,800-per-month, 13.4% interest rate mortgage. But by 5 p.m., he had found some relief: a 4.7% loan with a $970 monthly payment. (Thu, 17 Dec 2009 15:43:00 GMT)

Mortgage Rates Rise This Week; 30-Year Fixed at 4.94% -Freddie
Mortgage rates rose this week, with the average rate on 30-year fixed-rate mortgages climbing closer to 5%, according to Freddie Mac's (FRE) weekly survey of mortgage rates. (Thu, 17 Dec 2009 15:48:44 GMT)

Mortgage rates rise to 4.94 percent, Freddie Mac says
Mortgage rates for fixed 30-year U.S. home loans rose for a second consecutive week after hitting a record low this month. (Thu, 17 Dec 2009 16:00:15 GMT)

Mortgages: Mortgage rates jump but 30-year holds below 5%
Mortgage rates rise, but the the 30-year loan holds below 5% for the seventh straight week. (Thu, 17 Dec 2009 16:01:20 GMT)

U.S. Mortgage Rates Rise to 4.94%, Freddie Mac Says (Update2)
Dec. 17 (Bloomberg) -- Mortgage rates for fixed 30-year U.S. home loans rose for a second consecutive week after hitting a record low this month. The rate for the week ended today increased to 4.94 percent from 4.81 percent. (Thu, 17 Dec 2009 16:01:29 GMT)

Invesco Mortgage to pay $1.05 dividend in 4Q
Invesco Mortgage Capital Inc. on Thursday declared a quarterly dividend of $1.05 per share. The fourth-quarter dividend will be paid on Jan. 27, 2010, to shareholders of record on Dec. 31. (Thu, 17 Dec 2009 16:02:10 GMT)

Loan Modification Program
Struggling homeowners who qualify for the President's loan modification program are battling mortgage companies to get them to comply. (Thu, 17 Dec 2009 16:32:57 GMT)

Ask a real estate professional: Can I qualify for a 'sleeper' loan?
Louis Spagnuolo of WCS Lending in Boca Raton answers questions from readers. To ask a question that Louis may answer next week, click here . Q: My husband and I are trying to buy a home and are having trouble coming up with the down payment. (Thu, 17 Dec 2009 16:52:58 GMT)

Spyker CEO Says EIB Loan Is Biggest Saab Deal Hurdle (Update2)
Dec. 17 (Bloomberg) -- Spyker Cars NV’s plan to buy General Motors Co.’s Saab unit hinges on the European Investment Bank approving a loan before the end of December, the Dutch luxury-car maker’s chief executive officer said. (Thu, 17 Dec 2009 17:04:07 GMT)

Mortgage rates rise slightly but stay below 5 pct.
Mortgage rates rose for the second consecutive week but the number of homeowners who applied for refinancing remained strong. (Thu, 17 Dec 2009 17:25:18 GMT)

More refinancing activity as 30-year mortgages rise, remain below 5 percent
McLEAN, Va. - Mortgage rates rose for the second consecutive week but the number of homeowners who applied for refinancing remained strong. The average fixed rate on a 30-year mortgage was 4.94 percent this week, up from 4.81 percent last week, Freddie Mac said Thursday. (Thu, 17 Dec 2009 17:34:12 GMT)

30-year Fixed-rate Mortgage Average Stays Below 5%
SAN FRANCISCO -- Freddie Mac said Thursday that the 30-year, fixed-rate mortgage average remained below 5%, rising slightly to 4.94% with an average 0.7 point for the week ending Dec. 17, up from las... (Thu, 17 Dec 2009 17:38:36 GMT)

Mortgage rates rise slightly but stay below 5 pct.
Mortgage rates rose for the second consecutive week but the number of homeowners who applied for refinancing remained strong. The average fixed rate on a 30-year mortgage was 4.94 percent this week, up from 4.81 percent last week, Freddie Mac said Thursday.... Mortgage - Freddie Mac - Refinancing - Business - Financial Services (Thu, 17 Dec 2009 18:07:34 GMT)

Mortgage rates continue to creep higher
Freddie Mac's widely followed rate survey pegged the average 30-year fixed mortgage at 4.94% for the week ending today, up from 4.81% a week earlier. (Thu, 17 Dec 2009 18:49:53 GMT)

NTS Realty Holdings Limited Partnership Announces Closing on the Refinancing of Debt on Eight Multifamily Properties
LOUISVILLE, KY--(Marketwire - 12/17/09) - (AMEX: NLP - News ) - NTS Realty Holdings Limited Partnership (the "Company"), through eight newly formed wholly-owned subsidiaries, has closed on eight mortgage loans from Holliday Fenoglio Fowler, L.P. ("HFF") under The Federal Home Loan Mortgage Company ("Freddie Mac") CME Program refinancing the Company's mortgage loans in the aggregate amount of ... (Thu, 17 Dec 2009 22:47:00 GMT)

NTS Realty Holdings Limited Partnership Announces Closing on the Refinancing of Debt on Eight Multifamily Properties
LOUISVILLE, KY--(Marketwire - December 17, 2009) - ( NYSE Amex : NLP ) - NTS Realty Holdings Limited Partnership (the "Company"), through eight newly formed wholly-owned subsidiaries, has closed on eight mortgage loans from Holliday Fenoglio Fowler, L.P. ("HFF") under The Federal Home Loan Mortgage Company ("Freddie Mac") CME Program refinancing the Company's mortgage loans in the aggregate ... (Thu, 17 Dec 2009 22:56:30 GMT)

Mortgage rates rise slightly
Mortgage rates rose for the second consecutive week, but the number of homeowners who applied for refinancing remained strong. The average fixed rate on a 30-year mortgage was 4. (Thu, 17 Dec 2009 23:12:25 GMT)

Mortgage rates rise to 4.94 percent, Freddie Mac says
Mortgage rates for fixed 30-year U.S. home loans rose for a second consecutive week after hitting a record low this month. (Thu, 17 Dec 2009 23:16:56 GMT)

NZ home loan affordability unchanged in Novembe
New Zealand home loan affordability was unchanged in November after house prices were steady nationally and a slight increase in income was offset by slightly higher interest rates, the BNZ Home Loan Affordability measure shows. (Fri, 18 Dec 2009 00:08:43 GMT)

Federal Home Loan Bank of Seattle Announces $2.8 Million of Affordable Housing Program (AHP) Awards
SEATTLE----The Federal Home Loan Bank of Seattle today announced it will provide nearly $2.8 million in Affordable Housing Program subsidies to fund 10 projects in Hawaii, Oregon, Washington, and Wyoming. (Fri, 18 Dec 2009 00:33:00 GMT)

BOE Seeks to Boost Demand for U.K. Mortgage-Backed Securities
Dec. 18 (Bloomberg) -- The Bank of England will start talks with issuers of mortgage-backed securities about providing more information on loans backing the transactions as a way to boost demand for the notes. (Fri, 18 Dec 2009 00:33:54 GMT)

2 convicted in large NJ mortgage fraud scheme
NEWARK — A federal jury in New Jersey has convicted two men in a multimillion-dollar mortgage fraud and property flipping scheme involving homes in Paterson. (Fri, 18 Dec 2009 02:22:57 GMT)

Home affordability slips for first-time buyers
A measure of home loan affordability shows almost no change overall in November, although affordability worsened in Auckland and Northland and for first home buyers. (Fri, 18 Dec 2009 02:50:55 GMT)

2 convicted in large NJ mortgage fraud scheme
An Upper Saddle River man was found guilty Thursday for his role in a multi-million dollar mortgage fraud and property-flipping scheme involving run-down buildings in Paterson. (Fri, 18 Dec 2009 03:08:57 GMT)

Homeowners Often Rejected Under Obama's Make Home Affordable Loan Modification Plan
What's Your Reaction? My wife and I have been involved in negotiations with our loan servicer for over a year now. It seems that the deck, as Arianna points out, is most certainly stacked against us (Fri, 18 Dec 2009 03:19:17 GMT)

This may be last chance to land a sub-5% mortgage
For nearly two months, people with good credit who can make 20 percent downpayments on homes have enjoyed 30-year mortgage rates below 5 percent. But as signs of an improving economy increase, the yield on bonds has been edging higher and pulling home-lending rates along as well. Is the end of the sub-5 percent era in sight? (Fri, 18 Dec 2009 03:33:35 GMT)

Fewer loan shark cases after all-out war declared
KUALA LUMPUR : The number of cases involving “Ah Long” has dropped by 163 to 473 cases this year following the declaration of an all-out war against the loan sharks in June by Home Minister Datuk Seri Hishammuddin Tun Hussein, according to MCA Public Complaints Bureau chief Datuk Michael Chong. (Fri, 18 Dec 2009 04:04:17 GMT)

Y5 LLC Files Loan, Permit For Vesta Home
Y5 LLC has filed a $600,000 construction loan and a $500,000 permit to build a home in Neshoba Grove, the site of the Memphis Area Home Builders Assoc.... (Fri, 18 Dec 2009 06:10:46 GMT)

Mortgage rates rise but stay below 5%
McLEAN, Va. — Mortgage rates rose for the second consecutive week but the number of homeowners who applied for refinancing remained strong. The average fixed rate on a 30-year mortgage was 4.94 percent this week, up from 4.81 percent last week, Freddie Mac said Thursday. (Fri, 18 Dec 2009 06:13:22 GMT)

Mortgage rates rise slightly but stay below 5%
McLEAN, Va. (AP) — Mortgage rates rose for the second consecutive week but the number of homeowners who applied for refinancing remained strong.The average fixed rate on a 30-year mortgage was 4.94 percent this week, up from 4.81 percent last week, Freddie Mac said Thursday.Mortgage rates are closely tied to yields on long-term government debt, which have risen since the average fixed rate on 30 ... (Fri, 18 Dec 2009 06:30:00 GMT)

Stoke fullback Wilkinson: Partick Thistle loan making of me
Stoke City fullback Andy Wilkinson says a loan move away as a junior was the making of his career. Potters youth graduate Wilkinson, who comes from Stone, was playing on loan for Partick Thistle in front of just 1,800 supporters at Clyde five years ago this month. He told The Sentinel : “It was the first time I had lived away from home and it made me who I am. “It was the best thing I could have ... (Fri, 18 Dec 2009 07:49:02 GMT)

Mortgage refinancing scheme alleged
Just over a month after the state suspended his license, a Fort Wayne title insurance broker faces criminal charges accusing him of misappropriating more than $2.7 million in title funds. (Fri, 18 Dec 2009 08:18:15 GMT)

BOE Seeks to Boost Demand for U.K. Mortgage-Backed Securities
Dec. 18 (Bloomberg) -- The Bank of England will start talks with issuers of mortgage-backed securities about providing more information on loans backing the transactions as a way to boost demand for the notes. (Fri, 18 Dec 2009 08:37:36 GMT)

Mortgage lending 'falls by 10%'
Mortgage lending in the UK fell by 10% in November compared with the previous month, according to lenders. (Fri, 18 Dec 2009 09:49:27 GMT)

New Zealand Home Loan Affordability Unchanged In November
(RTTNews) - Home loan affordability in New Zealand was unchanged in November after house prices were steady nationally and a slight increase in income was offset by slightly higher interest rates, the latest BNZ home loan affordability measure showed on Friday. (Fri, 18 Dec 2009 10:12:18 GMT)

HDFC has met disbursal targets under spl home loan scheme
The country's leading home loan financier, Housing Development Finance Corporation, today said it has met the disbursal target it had set for the recently announced special home loan scheme. (Fri, 18 Dec 2009 11:00:53 GMT)

Mortgage lending drops amid traditional seasonal lull
Mortgage lending has dipped after consecutive rises since the summer due to the traditional seasonal lull at Christmas. (Fri, 18 Dec 2009 11:09:27 GMT)

Mortgage lending falls 10pc, according to new figures from the Council of Mortgage Lenders
Gross mortgage lending totalled an estimated £12 billion in November, according to the Council of Mortgage Lenders. (Fri, 18 Dec 2009 11:24:27 GMT)

Pound Advances as Report Shows U.K. Mortgage Approvals Rose
Dec. 18 (Bloomberg) -- The pound advanced against the dollar after a report showed mortgage approvals climbed for a third month, boosting speculation overseas investors may start to buy U.K. assets as the economy improves. (Fri, 18 Dec 2009 11:29:02 GMT)

Mortgage refinance timing is key
Dear Dr. Don, I have my first mortgage as my home equity loan. It is currently at 3.49 percent and will fluctuate with the prime rate, prime minus 0.25 percent. (Fri, 18 Dec 2009 11:42:33 GMT)

Gross mortgage lending falls 14 percent y/y in November 
Gross mortgage lending fell 14 percent year-on-year to 12 billion pounds in November, the Council of Mortgage Lenders said on Friday. (Fri, 18 Dec 2009 11:44:00 GMT)

Mortgage lending down 10 per cent
Gross mortgage lending was down 10 per cent in November and is unlikely to improve in the coming months, according to the Council of Mortgage Lenders (CML). (Fri, 18 Dec 2009 11:59:54 GMT)

Mortgage lending 'falls by 10%'
Mortgage lending in the UK in November was down 10% from the previous month and was at its lowest level since May, according to lenders.Gross mortgage lending totalled £12bn during the month, do... (Fri, 18 Dec 2009 12:50:10 GMT)

Home Prices Without Fed Support
The U.S. housing market has been on government life support for much of 2009. Thanks to the feds' bounty of tax credits, purchases of mortgage securities, interest-rate cuts, and home loan programs, new and existing home sales are up. The median home price rose, to $177,900. What happens in 2010 depends on whether the market can stand on its own. (Fri, 18 Dec 2009 13:08:41 GMT)

Everton sign LA Galaxy Donovan on loan
English Premier League side Everton announced Friday they had signed United States striker Landon Donovan on a short-term loan. (Fri, 18 Dec 2009 15:30:27 GMT)

Two convicted in N.J. mortgage fraud scheme
A federal jury in New Jersey has convicted two men in a multimillion-dollar mortgage fraud and property flipping scheme involving homes in Paterson. (Fri, 18 Dec 2009 17:22:23 GMT)

Solicitors Charged Over '£50m Mortgage Fraud'
Six men, including four solicitors, a surveyor and a property developer, have been charged over an alleged £50m commercial mortgage fraud. (Fri, 18 Dec 2009 17:27:35 GMT)

Fort Lauderdale man sentenced for mortgage fraud scheme
A Fort Lauderdale man was sentenced Friday to five years in prison in connection with a $1.3 million mortgage fraud scheme, federal prosecutors said. (Fri, 18 Dec 2009 18:19:08 GMT)

`Home loan rates unlikely to move up'
Home loan interest rates are unlikely to move up even if the Reserve Bank of India hikes the cash reserve ratio (CRR) as there is ample liquidity in the system, said Mr Keki Mistry, Vice-Chairman and CEO, HDFC. (Fri, 18 Dec 2009 18:23:12 GMT)

Moody’s Reviews $143 Billion of Jumbo-Mortgage Bonds for Cuts
Dec. 18 (Bloomberg) -- Moody’s Investors Service placed $143 billion of jumbo-mortgage bonds under review for downgrades because of higher loss projections. (Fri, 18 Dec 2009 19:00:56 GMT)

Six charged in mortgage fraud scam 
Six people have been charged in a 50 million-pound mortgage fraud scam, the Serious Fraud Office (SFO) said on Friday. (Fri, 18 Dec 2009 19:40:00 GMT)

DM Saves Taxpayers $3.2M By Refinancing Debt
City of Des Moines officials said Friday that refinancing city debt has saved taxpayers $3.2 million. (Fri, 18 Dec 2009 19:54:39 GMT)

Moody’s Reviews $143 Billion of Jumbo-Mortgage Bonds (Update1)
Dec. 18 (Bloomberg) -- Moody’s Investors Service placed $143 billion of jumbo-mortgage bonds under review for downgrades because of higher loss projections as stock-market losses and pay cuts squeeze wealthy borrowers. (Fri, 18 Dec 2009 20:47:42 GMT)

Police: Bank robber had mortgage troubles
ATLANTA, Dec. 18 (UPI) -- Police in Atlanta said a bank robber explained to a teller that he was behind on mortgage payments and wished the worker a "Merry Christmas." (Fri, 18 Dec 2009 22:04:49 GMT)

Is It Time to Refinance the Mortgage?
CALABASAS, CA--(Marketwire - 12/18/09) - There are many factors to consider when first structuring a home loan. But which considerations are important when it's time to refinance your mortgage? According to Informa Research Services, a subsidiary of Informa plc (LSE: INF - News ), there are several key components that should come into play when deciding if refinancing your mortgage loan is the ... (Fri, 18 Dec 2009 23:31:00 GMT)

Is It Time to Refinance the Mortgage?
Informa Research Services Offers Advice (Fri, 18 Dec 2009 23:40:50 GMT)

Emeryville Woman Guilty Of $8M Mortgage Fraud
An Emeryville woman has pleaded guilty in federal court in San Francisco to charges in a mortgage fraud that cost investors and lenders more than $8 million. (Sat, 19 Dec 2009 00:03:38 GMT)

£50m mortgage fraud scam goes to court
Six people are to be charged in a £50m mortgage scam, the Serious Fraud Office (SFO) said yesterday. (Sat, 19 Dec 2009 02:47:41 GMT)

Landon Donovan Is Heading to England on Loan
United States forward Landon Donovan will join Everton on a short-term loan from the Los Angeles Galaxy, joining his American teammate Tim Howard. (Sat, 19 Dec 2009 04:16:40 GMT)

Drive-through solution for mortgage exit-fee feud
Dear Greg: I have both a first and second mortgage with Wells Fargo. I tried to refinance with them last spring, submitting all the paperwork. After hearing nothing for six weeks, I called only to discover they had run my property through their "tool" and determined that I was at 100 percent loan-to-value and that my file had been disqualified. Fast forward to December. I am about to close on a ... (Sat, 19 Dec 2009 04:22:58 GMT)

Attorney accused of mortgage scam
A Marblehead lawyer was arraigned yesterday in an alleged $1.3 million mortgage hijacking scheme. Prosecutors say Leon Gelfgatt, 49, used false documents to create the... (Sat, 19 Dec 2009 05:11:00 GMT)

Mortgage lending falls by 10pc in traditional season slowdown
Mortgage lending fell by 10 per cent during November as the market suffered its traditional seasonal slowdown. (Sat, 19 Dec 2009 06:19:02 GMT)

Six property professionals charged in suspected £50 mortgage fraud
Six property professionals have been charged over a suspected £50 million mortgage fraud. (Sat, 19 Dec 2009 07:55:37 GMT)

Coakley: Marblehead man oversaw mortgage fraud scam
BOSTON - A Marblehead attorney scheduled Friday to enter an innocent plea to larceny charges masterminded an elaborate mortgage fraud scheme, according to the state Attorney General's office. (Sat, 19 Dec 2009 08:22:58 GMT)

NRI among six charged with major UK mortgage fraud
NRI among six charged with major UK mortgage fraudNRI among six charged with major UK mortgage fraud (Sat, 19 Dec 2009 12:36:57 GMT)

NRI among 6 charged with major UK mortgage fraud
London, Dec 19 (PTI) Six persons, including an NRI, have been charged with offences in connection with a series of commercial mortgage frauds totalling nearly 50 million pounds. (Sat, 19 Dec 2009 14:06:54 GMT)

Appeals court: Battle mortgage invalid
The Iowa Court of Appeals released an opinion today that a mortgage taken out from U.S. Bank in 2004 by the now-deceased George Battle, former owner of Battle’s Barbeque, is invalid. (Sat, 19 Dec 2009 14:59:04 GMT)

2 convicted in large NJ mortgage fraud scheme
NEWARK — A federal jury in New Jersey has convicted two men in a multimillion-dollar mortgage fraud and property flipping scheme involving homes in Paterson. (Sat, 19 Dec 2009 18:15:13 GMT)

Marblehead attorney charged in ‘mortgage hijacking’ scheme
A Marblehead attorney was arraigned Friday in Cambridge District Court in Medford for his role in an alleged million-dollar “mortgage hijacking” scheme. (Sat, 19 Dec 2009 19:04:37 GMT)

Mortgage loans suffer slump
MORTGAGE lending fell 10 per cent in November, according to data from the Council of Mortgage Lenders. A seasonal decline between October and November is typical; however, the (Sun, 20 Dec 2009 00:11:22 GMT)

Local briefs for 12/20: NORWESCAP offers Family Loan Program
PHILLIPSBURG — NORWESCAP is administrating the Family Loan Program, which provides small loans to approved working families in Hunterdon, Morris, Somerset, Sussex and Warren counties. (Sun, 20 Dec 2009 03:35:28 GMT)

NRI among 6 charged with major UK mortgage fraud
London, Dec 19 (PTI) Six persons, including an NRI, have been charged with offences in connection with a series of commercial mortgage frauds totalling nearly 50 million pounds. (Sun, 20 Dec 2009 04:47:22 GMT)

Golden Valley, Minnetonka resident face charges in mortgage scam
Two metro-area residents are facing federal charges for allegedly masterminding a mortgage-loan scan. (Sun, 20 Dec 2009 07:35:05 GMT)

Mortgage rates rise slightly, still below 5%
McLEAN, Va. - Mortgage rates rose for the second consecutive week, but the number of homeowners who applied for refinancing remained strong. The average fixed rate on a 30-year mortgage was 4.94 percent this week, up from 4.81 percent last week, Freddie Mac said Thursday. (Sun, 20 Dec 2009 07:36:19 GMT)

Mortgage rates climb to 4.94%
Mortgage rates rose for the second consecutive week, but the number of homeowners who applied for refinancing remained strong. (Sun, 20 Dec 2009 08:02:44 GMT)

Coakley: Marblehead man oversaw mortgage fraud scam
BOSTON - A Marblehead attorney scheduled Friday to enter an innocent plea to larceny charges masterminded an elaborate mortgage fraud scheme, according to the state Attorney General's office. (Sun, 20 Dec 2009 08:23:37 GMT)

Mortgage broker wrong to disclose details to agent
Q: It seems to us that our mortgage broker violated our privacy. She is a friend of our real-estate agent, who was acting as a dual agent in this purchase, and numerous times she provided him with information that he did not need to know and that might have been detrimental to us. (Sun, 20 Dec 2009 08:54:09 GMT)

Britain's mortgage lending drops by 10% in November
Britain's mortgage lending drops by 10% in November (Sun, 20 Dec 2009 09:23:53 GMT)

Appeals court: Battle mortgage invalid
The Iowa Court of Appeals released an opinion today that a mortgage taken out from U.S. Bank in 2004 by the now-deceased George Battle, former owner of Battle’s Barbeque, is invalid. (Sun, 20 Dec 2009 10:57:49 GMT)

Home rebuild fraught with obstacles
Dear Real Estate Adviser, My husband and I plan to knock down our old home and replace it with a new one on the same lot. Should I go to the bank for a construction loan or a home equity loan? (Sun, 20 Dec 2009 11:42:00 GMT)

Refinancing car loan easier than with house
Q: Dear Rick: Is it possible to refinance a car loan? I purchased a car a couple of years ago when I had some issues with my credit scores. I cleaned up my situation. I owe about $28,000 on my car loan and I have about three and a half years left. My current interest rate is 8 percent. What do you think? (Sun, 20 Dec 2009 12:17:49 GMT)

Troy man faces charges for defrauding Saline homeowner
Saline police said a Troy man arrested last week for allegedly defrauding people of thousands of dollars in a mortgage-refinancing scam is facing similar charges in Washtenaw County for swindling three Saline women of their hard-earned cash. (Sun, 20 Dec 2009 12:30:52 GMT)

RHG took humpty-dumpty approach to mortgage calculations, says Supreme Court
LISTED mortgage owner RHG Ltd had adopted a ''Through the Looking Glass'' approach to calculations about its mortgages, the NSW Supreme Court has found. (Sun, 20 Dec 2009 13:51:13 GMT)

Choice to make a big move easy
MOVING house can be difficult enough, but Mortgage Choice is making it easier for anyone settling in Bundaberg. (Sun, 20 Dec 2009 16:15:16 GMT)

VA home loan useful, but watch for snags - Navy News, news from Iraq - Navy Times
For eligible service members and veterans, the Veterans Affairs Department’s home loan guarantee program can be a curse or blessing in today’s housing market. Among the advantages: (Sun, 20 Dec 2009 16:17:17 GMT)

As retirees, can we get a mortgage to build a house?
Q Are there any mortgages for retirees? My wife is 59 and I am 63. We have no mortgage and are trying to sell two houses, but as the market is flat and we are going to build a house on a plot we are buying, would it be possible to raise a mortgage to start the build until we can sell? GH A Yes, there are mortgages for older people buying a new property, but that's not the kind of mortgage you ... (Sun, 20 Dec 2009 16:25:37 GMT)

Mortgage lending falls by 10%
Mortgage lending slump typically seen this time of year is 'a little larger' than normal, the CML says Mortgage lending fell by 10% during November as the market suffered its traditional seasonal slowdown, figures showed today. A total of £12bn was advanced during the month, down from £13.3bn in October and 14% less than in November last year, according to the Council of Mortgage Lenders (CML ... (Sun, 20 Dec 2009 16:26:07 GMT)

Britain to ban 'liar loans' in mortgage overhaul (Business Times
LONDON: Britain's financial regulator plans to force mortgage lenders to check the income of all borrowers, scrapping so-called "liar loans" blamed for helping to fuel bad debt problems at the heart of the credit crunch. (Sun, 20 Dec 2009 17:08:20 GMT)

Troy man faces charges for defrauding Saline homeowner
Saline police said a Troy man arrested last week for allegedly defrauding people of thousands of dollars in a mortgage-refinancing scam is facing similar charges in Washtenaw County for swindling three Saline women of their hard-earned cash. (Sun, 20 Dec 2009 17:15:14 GMT)

IL&P may hike mortgage rates in the new year
Permanent TSB is to cut interest rates for savers by up to 0.35 per cent next month, triggering fresh concerns that it will hike mortgage rates in the new year in a renewed effort to repair its lending margins. (Sun, 20 Dec 2009 18:04:27 GMT)

2 convicted in large NJ mortgage fraud scheme
NEWARK — A federal jury in New Jersey has convicted two men in a multimillion-dollar mortgage fraud and property flipping scheme involving homes in Paterson. (Sun, 20 Dec 2009 18:07:02 GMT)

Big swing from fixed to floating home loans
Record low floating interest rates have led to a big swing away from fixed-term mortgages by home owners, while home-loan affordability remained stable in November, two surveys show. (Sun, 20 Dec 2009 19:34:41 GMT)

Home Prices Without Fed Support
The big test for home prices will come next spring when the U.S. starts to withdraw from the market (Mon, 21 Dec 2009 03:18:37 GMT)

IDS Center weathers storm
The landmark office tower in Minneapolis just refinanced its mortgage, and its owner had several lenders interested. (Mon, 21 Dec 2009 05:24:22 GMT)

When a real-estate partnership becomes a nightmare
Question: Last year, I purchased a home as tenants in common with a friend. I paid more than $40,000 down and my friend paid nothing down. My friend is listed as the borrower and I'm the co-borrower. We have been splitting the monthly mortgage payments. (Mon, 21 Dec 2009 06:43:51 GMT)

New, Two-Month Mortgage Rate Forecast Published at HSH.com
Homeowners and potential home buyers should take note of changing market conditions. Developing factors in the economy and financial markets will affect mortgage rates in late 2009 and early 2010. HSH Assoiciates has released its two-month mortgage rate forecast at HSH.com. (Mon, 21 Dec 2009 07:01:00 GMT)

Golden Valley, Minnetonka resident face charges in mortgage scam
Two metro-area residents are facing federal charges for allegedly masterminding a mortgage-loan scan. (Mon, 21 Dec 2009 07:42:44 GMT)

Citibank launches mortgage product
Mumbai, Dec 21 : Citibank today launched CitiHome One, a one-of-a-kind mortgage product, that will enable customers to get a home loan facility as a combination of a conventional term loan and a credit line. (Mon, 21 Dec 2009 09:44:21 GMT)

Struggling homeowners may be given interest-free mortgage aid
HOMEOWNERS struggling to pay their mortgage in the economic downturn will be offered interest-free loans of up to £15,000 by their local council if a new scheme is given approval. (21/12/2009 10:33:24) (Mon, 21 Dec 2009 10:39:21 GMT)

Refinance your home or move?
While the tumultuous real estate market has many people hunkered down hoping it will all blow over, proactive homeowners are looking beyond the uncertainty. (Mon, 21 Dec 2009 11:42:00 GMT)

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