New Service Provides Mortgage Lenders with Essential Guidance and Over-Charge Protection on Good Faith Estimate ... TitleVest's GFE Closing Cost Guarantee™ guarantees the accuracy of all title insurance and related settlement charges (Tue, 26 Jan 2010 07:01:00 GMT)
Feds Plan Exit from Housing Market For more than a year, the government pulled out the stops to revive home buying by driving down mortgage rates. Now, whether the housing market is ready or not, the government is pulling out. Th... (Tue, 26 Jan 2010 07:05:51 GMT)
New rules over mortgage arrears New rules to protect mortgage holders who are in arrears have been proposed by the Financial Services Authority. (Tue, 26 Jan 2010 08:49:06 GMT)
U.K. FSA Plans Ban on Unfair Fees for Late Mortgage Payments Jan. 26 (Bloomberg) -- U.K. lenders will no longer be able to charge unfair fees to customers behind in home-loan payments as part of a regulatory crackdown on risky credit in the country’s 1.2 trillion pound ($2 trillion) mortgage market. (Tue, 26 Jan 2010 09:24:52 GMT)
Home loan approvals at two-year high The number of mortgages approved for people buying a home jumped to its highest level for more than two years during December, figures showed today. (Tue, 26 Jan 2010 10:03:12 GMT)
Mortgage lending stregthens in December LONDON (SHARECAST) - Mortgage lending strengthened in December as home buyers sought to enter the market ahead of the end of stamp duty relief, figures from the British Bankers’ Association (BBA) showed today. (Tue, 26 Jan 2010 11:19:37 GMT)
New rules over mortgage arrears New rules to protect mortgage holders who are in arrears have been proposed by the Financial Services Authority.The FSA says it wants to ensure that those borrowers are treated fairly, especially ones... (Tue, 26 Jan 2010 11:20:37 GMT)
FSA Plans Ban on Unfair Fees for Home-Loan Arrears (Update2) Jan. 26 (Bloomberg) -- U.K. lenders will no longer be able to charge unfair fees to customers behind in home-loan payments as part of a regulatory crackdown on risky credit in the country’s 1.2 trillion pound ($1.9 trillion) mortgage market. (Tue, 26 Jan 2010 11:30:58 GMT)
FOREST LOOK TO EXTEND SHOREY LOAN Shorey - on loan at Nottingham Forest. Nottingham Forest are in talks with Aston Villa about extending Nicky Shorey's loan spell at the Championship promotion chasers. (Tue, 26 Jan 2010 11:33:56 GMT)
Proposals to help homeowners in mortgage arrears The City watchdog today set out new rules to help protect homeowners who fall behind with their mortgage. (Tue, 26 Jan 2010 12:02:42 GMT)
Homeowner Wants To Walk, Despite New Loan Terms Thad Salter's home is now worth less than half of its 2006 purchase price of $300,000. Even after his bank modified his mortgage, Salter wondered whether it would be better to walk away from the loan. At least one law professor says he should do just that. (Tue, 26 Jan 2010 12:12:08 GMT)
Mortgage approvals 'on the rise' The number of mortgages approved for house purchases rose at the end of the year, according to figures from the major UK banks.But overall in 2009, mortgage approvals were 27% lower than the previous ... (Tue, 26 Jan 2010 12:50:10 GMT)
Spain Average Mortgage Value Drops In November (RTTNews) - The Spanish average amount per mortgage dropped 9.9% year-on-year in November, the National Institute of Statistics said on Tuesday. Meanwhile, mortgages constituted for dwellings fell 11.7%. (Tue, 26 Jan 2010 12:54:33 GMT)
Man City prepared to let Robinho leave on loan Manchester City is negotiating with Santos and Sao Paulo over the Brazilian teams' desire to sign Robinho on loan. Manchester City manager Roberto Mancini says he will include Robinho in his squad for Wednesday's League Cup semifinal against Manchester United but will let the Brazil striker return home if the Premier League club is happy with the deal. (Tue, 26 Jan 2010 13:01:29 GMT)
Mortgage ‘relief’ leads to foreclosure notice Red Tape: For nine months, Deb Franklin said, she did exactly what JP Morgan Chase and President Barack Obama told her to do. She made her mortgage payments on time. Then, on the day after Christmas, a "bomb dropped" on her life. (Tue, 26 Jan 2010 13:06:15 GMT)
Red Oak Realty Names Bank of Commerce Mortgage Its Premier Mortgage Solutions Provider Red Oak Realty, the largest independent real estate firm in the East Bay, today announced that Bank of Commerce Mortgage is now its premier provider of mortgage solutions. In aligning itself with Bank of Commerce Mortgage, Red Oak Realty will be able to offer on-site mortgage financing to current buyers and past clients who are seeking to refinance their home. (Tue, 26 Jan 2010 13:15:00 GMT)
Bulvitis back in Latvia as loan ends NAURIS Bulvitis has gone home to Latvia in a bid to try and seal a return to Caley Thistle until the end of the season. The central defender loan deal from Tranzits Ventspils to Inverness expired yesterday and with no agreement reached yet to extend his stay, Bulvitis has returned home. (Tue, 26 Jan 2010 13:27:07 GMT)
Home repair resources underutilized WAVERLY — The Village of Waverly has been offering a low-interest loan to low-to-moderate-income property owners needing to make necessary home repairs for the later half of this decade. However, few homeowners have yet to take advantage of this Community Development Block Grant program. (Tue, 26 Jan 2010 13:49:08 GMT)
Man. City prepared to let Robinho leave on loan MANCHESTER, England (AP) -- Manchester City is negotiating with Santos and Sao Paulo over the Brazilian teams' desire to sign Robinho on loan. (Tue, 26 Jan 2010 15:09:42 GMT)
Lloyds to Sell European Mortgage Bonds in Dollars (Update1) Jan. 26 (Bloomberg) -- Lloyds Banking Group Plc is selling the first European mortgage-backed securities in dollars since the credit crisis started in 2007. (Tue, 26 Jan 2010 17:04:16 GMT)
FHA suspends approval of mortgage firm The Federal Housing Administration said it has suspended for at least six months its approval of a Burr Ridge mortgage firm after learning that its part owner was indicted and last week pled guilty to bank fraud. (Tue, 26 Jan 2010 17:19:55 GMT)
Mortgage company with offices in Boca Raton kicked out of FHA program Mortgage company with offices in Boca Raton kicked out of FHA program (Tue, 26 Jan 2010 17:38:02 GMT)
Mortgage lending up in December in Britain LONDON, Jan. 26 (UPI) -- Mortgage lending in Britain rose slightly in December from November, but rose 12.5 percent from the same month of 2008, a trade group said. (Tue, 26 Jan 2010 17:50:21 GMT)
USDA triples direct loan funds available for low income families buying homes The local USDA Rural Development office is looking for very low and low-income families to qualify for a home loan. (Tue, 26 Jan 2010 18:02:21 GMT)
Federal Home Loan Bank of Atlanta Utilizes Congressional Authority to Provide More Than $2.2 Billion in Credit Support ... Federal Home Loan Bank of Atlanta today announced that it has utilized authority approved by Congress to provide over 50 letters of credit totaling more than $2.2 billion for non-housing-related tax-exempt bond transactions, stimulating economic development and lowering the cost of borrowing for public finance projects. Â (Tue, 26 Jan 2010 18:40:00 GMT)
Two Minnesota men indicted in vast mortgage fraud Authorities arrested a Minnesota man in Florida on charges that he helped orchestrate a mortgage fraud scheme. (Tue, 26 Jan 2010 18:53:55 GMT)
The Double Standard on Mortgage Defaults Why is the average homeowner's decision to walk away or keep up with the payments on an underwater mortgage considered a moral issue? (Tue, 26 Jan 2010 18:59:50 GMT)
Bank of America Becomes First Mortgage Servicer to Sign Contract for Home Affordable Second-Lien Modification Program Bank of America announced that it is the first mortgage servicer to sign an agreement formally committing to participation in the pending second-lien component of the federal government's Home Affordable Modification Program . (Tue, 26 Jan 2010 19:39:00 GMT)
Lenders start sign up on 'piggyback' mortgage plan Mortgage companies are finally starting to sign up for a long-delayed piece of the Obama administration's $75 billion foreclosure-prevention program. The administration had been offering lenders who made so-called "piggyback" mortgages _ second loans that... Wall Street - Mortgage - Loan - Presidency of Barack Obama - Business (Tue, 26 Jan 2010 21:14:59 GMT)
Freddie Mac strategies aim to aid homeowners Charles (Ed) Haldeman, Jr., the CEO of Freddie Mac, told a Detroit Economic Club gathering today that he wants to meet with the powerful congressman who recommended abolishing the mortgage giant last week. (Tue, 26 Jan 2010 21:34:00 GMT)
Fitch Takes Action on 8 FirstPlus Home Loan Owner Trust Transactions NEW YORK----Fitch Ratings has downgraded to 'C' all 35 classes in eight FirstPlus Home Loan Owner Trust residential mortgage backed security transactions listed below. The affected classes have an aggregate balance of approximately $34 million. (Tue, 26 Jan 2010 22:09:00 GMT)
Lenders Start Sign up on 'Piggyback' Mortgage Plan Mortgage companies start to sign on for long-delayed piece of Obama loan help plan Presidency of Barack Obama - United States - Politics - Barack Obama - President of the United States (Tue, 26 Jan 2010 22:16:31 GMT)
Saving a buck: improving your credit score Having a good credit score can save you a lot on interest rates when it comes to refinancing your home. However, many people are finding that their score is not considered as good today as it was a few years ago. In the past, a credit score of 620 would get you a great rate on a home mortgage, but these days that's not the case. (Tue, 26 Jan 2010 23:13:37 GMT)
Mortgage Winners: MGIC, GenWorth, Radian A slowing rate of delinquencies is reported by MGIC Investment on Tuesday, and the mortgage industry rallies. Is profitability next? (Wed, 27 Jan 2010 00:45:46 GMT)
Lenders start sign up on 'piggyback' mortgage plan Mortgage companies are finally starting to sign up for a long-delayed piece of the Obama administration's $75 billion foreclosure-prevention program. (Wed, 27 Jan 2010 00:45:48 GMT)
What advice would you give people trying to buy their first home? The dream of home ownership is once again fading for many young Kiwis.New Zealand home loan affordability deteriorated in December to its worst level since November 2008 after a rise in both house prices and mortgage rates, Interest.co.nz's... (Wed, 27 Jan 2010 01:17:32 GMT)
S&P, Moody’s Win Dismissal of Claims in Mortgage Suit (Update2) Jan. 26 (Bloomberg) -- Standard & Poor’s and Moody’s Corp. won dismissal of a lawsuit seeking to hold them responsible for defrauding investors who bought about $100 billion of mortgage- backed securities. (Wed, 27 Jan 2010 02:55:40 GMT)
Home repair resources underutilized WAVERLY — The Village of Waverly has been offering a low-interest loan to low-to-moderate-income property owners needing to make necessary home repairs for the later half of this decade. However, few homeowners have yet to take advantage of this Community Development Block Grant program. (Wed, 27 Jan 2010 04:03:38 GMT)
Ex-loan officer from Laureldale waives hearing in $29,000 embezzlement case A Laureldale woman waived a preliminary hearing Tuesday on charges she stole about $29,000 from a mortgage company while employed there as a loan officer and office manager. (Wed, 27 Jan 2010 05:16:21 GMT)
Feds capture mortgage fraud fugitive in Florida Nearly three years after Michael Anthony Prieskorn disappeared, he was arrested Tuesday in Florida and accused of orchestrating one of Minnesota's largest mortgage frauds. (Wed, 27 Jan 2010 06:09:15 GMT)
CEO of Freddie Mac defends mortgage giant Southfield -- The CEO of the beleaguered mortgage giant Freddie Mac defended its record Tuesday against voices rising against it in Washington. (Wed, 27 Jan 2010 06:16:07 GMT)
Chief: Don't write off Freddie Mac Charles (Ed) Haldeman Jr., the CEO of Freddie Mac, told a Detroit Economic Club gathering Tuesday that he wants to meet with the powerful congressman who recommended abolishing the mortgage giant last week. (Wed, 27 Jan 2010 08:20:16 GMT)
USDA triples direct loan funds available for low income families buying homes The local USDA Rural Development office is looking for very low and low-income families to qualify for a home loan. (Wed, 27 Jan 2010 08:28:57 GMT)
NRI home loans on the upswing NRIs cannot claim tax benefits on home loans in India as they have to pay tax in the nation where they work and earn. However, they need to file tax returns to become eligible for home loans. But if they pay tax in India for income earned in India, they can claim tax rebate for the home loan. (Wed, 27 Jan 2010 09:59:59 GMT)
US MBA Mortgage Survey Snapshot WASHINGTON (Dow Jones)--Following is data from the Mortgage Bankers Association of America's weekly mortgage application survey, released Wednesday. (Wed, 27 Jan 2010 12:01:19 GMT)
Week-to-week mortgage applications down 10.9%: MBA Mortgage applications filed last week fall a seasonally adjusted 10.9% from the week before, amid doubts about whether the pace of refinancing activity can be sustained, data from the Mortgage Bankers Association show. (Wed, 27 Jan 2010 12:30:40 GMT)
U.S. MBA Mortgage Applications Index Decreased 11% Last Week Jan. 27 (Bloomberg) -- The number of mortgage applications in the U.S. dropped last week for the first time in a month, led by a slump in refinancing. (Wed, 27 Jan 2010 12:31:14 GMT)
LendingTree's First-Ever iPhone App Puts Competing Mortgage Quotes in the Palm of Your Hand CHARLOTTE, N.C.----LendingTree, who has already helped more than 27 million customers search for the right loans, today announced the launch of its first-ever iPhone App, the Mortgage RateFinder, now available at the Apple Store. (Wed, 27 Jan 2010 13:00:00 GMT)
S&P, Moody’s Win Dismissal of Claims Over Mortgage Securities Jan. 27 (Bloomberg) -- Standard & Poor’s and Moody’s Corp. won dismissal of a lawsuit seeking to hold them responsible for defrauding investors who bought about $100 billion of mortgage- backed securities. (Wed, 27 Jan 2010 13:00:54 GMT)
Home Loan Demand Down, Refinancing Slows The latest survey shows mortgage applications dropped for the first time in nearly a month. (Wed, 27 Jan 2010 13:29:11 GMT)
MBA: Total Mortgage Demand Drops, ReFi Demand Plunges (RTTNews) - Demand for U.S. mortgages dropped sharply last week, sparked by a slight rise in interest rates and a "substantial" decrease in refinance activity, according to the Mortgage Bankers Association. (Wed, 27 Jan 2010 13:54:07 GMT)
Home Loan Demand Down, Refinancing Slows U.S. mortgage applications fell for the first time in four weeks, reflecting a dramatic drop in demand for home refinancing loans, data from an industry group showed on Wednesday. (Wed, 27 Jan 2010 14:53:06 GMT)
Bank and Credit-Union Mortgage Success in 2009 Fuels Another Record Year for Mortgagebot MEQUON, WI--(Marketwire - 01/27/10) - Despite the nation's ongoing economic challenges, mortgage-technology provider Mortgagebot LLC of Mequon, Wis. ( www.Mortgagebot.com ) is again reporting exceptional growth in its client base, its revenue, and in the way banks and credit unions across America are increasingly adopting its innovative PowerSite platform to automate ... (Wed, 27 Jan 2010 15:00:00 GMT)
Bank and Credit-Union Mortgage Success in 2009 Fuels Another Record Year for Mortgagebot Growing Popularity of Online Lending, Increased Mortgage Activity at Banks and Credit Unions, and Greater Demand for Integrated Point-of-Sale Technology Yields Record Growth in Mortgagebot Client Base, System Use, and Revenue (Wed, 27 Jan 2010 15:16:38 GMT)
Lloyds Pays Less on Mortgage Bonds as U.K. Home Market Recovers Jan. 27 (Bloomberg) -- Lloyds Banking Group Plc is selling $2.4 billion of mortgage-backed bonds at yields less than it offered on debt issued four months ago, tapping investor demand spurred by signs the worst of the U.K. housing slump is over. (Wed, 27 Jan 2010 15:23:13 GMT)
Meeting on affordable home loans in Campbell County Campbell County residents are invited to a free meeting next week about federal home loan programs available to eligible families and individuals. (Wed, 27 Jan 2010 15:55:54 GMT)
(AFX UK Focus) 2010-01-27 15:47 UPDATE 1-US home loan demand down as refinancing loses steam By Julie Haviv (Wed, 27 Jan 2010 16:14:26 GMT)
Mortgage activity falls despite low rates WASHINGTON, Jan. 27 (UPI) -- The volume of applications for U.S. mortgages dropped 10.9 percent in a week on a seasonally adjusted basis, an industry group said Wednesday. (Wed, 27 Jan 2010 16:29:07 GMT)
S&P, Moody’s Win Dismissal of Claims Over Mortgage Securities Jan. 27 (Bloomberg) -- Standard & Poor’s and Moody’s Corp. won dismissal of a lawsuit seeking to hold them responsible for defrauding investors who bought about $100 billion of mortgage- backed securities. (Wed, 27 Jan 2010 16:52:48 GMT)
UPI NewsTrack Business U.S. stocks slide on new home sales ... Argentine president, banker clash ... New home sales slowed in December ... Mortgage activity falls despite low rates ... News from United Press International. (Wed, 27 Jan 2010 17:19:54 GMT)
Where’s The Help? It is highly outrageous what is happening in this country right now. Money is being poured upon the wealthy elite (banks, insurance companies, etc.) but for the people who need financial help, it is nowhere to be found. If you are unemployed, you can’t get even a small loan, and forget about a refinance or mortgage restructure. And now funds are supposedly available through some grant (as ... (Wed, 27 Jan 2010 18:53:30 GMT)
Home loan modification experiences wanted Waiting for a home loan modification or recently got one? The Californian wants to talk with you. Contact reporter Leslie Griffy at 831-754-4167 or lgriffy@thecalifornian.com. (Wed, 27 Jan 2010 19:11:19 GMT)
Home loan default filings up from last year The number of San Diego County homes slipping toward foreclosure increased by 17.9 percent in the fourth quarter of 2009, compared to the same period in 2008, a real estate information service reported today. (Wed, 27 Jan 2010 19:13:55 GMT)
Fed Keeps ‘Extended Period’ Pledge, Sees Mortgage-Buying End Jan. 27 (Bloomberg) -- The Federal Reserve kept interest rates near zero and restated its intention to cease buying mortgage-backed securities in March. (Wed, 27 Jan 2010 19:29:04 GMT)
California Home Mortgage Defaults Drop in 4th Quarter (Update1) Jan. 27 (Bloomberg) -- California home mortgage defaults dropped 12 percent in the fourth quarter from a year earlier, a sign foreclosures are abating in areas hardest hit in the housing recession, MDA DataQuick said. (Wed, 27 Jan 2010 19:38:02 GMT)
California Home Mortgage Defaults Fall, Report Says (Update2) Jan. 27 (Bloomberg) -- California home mortgage defaults dropped 12 percent in the fourth quarter from a year earlier, a sign foreclosures will abate in areas hardest hit in the housing recession, MDA DataQuick said. (Wed, 27 Jan 2010 20:30:59 GMT)
Economic Watchdog, Jan. 27 Mortgage applications for the week ending Jan. 22 fell by 3.3 percent with the refinancing index down 15.1 percent. The 30-year fixed mortgage rate rose 2 basis points to a level of 5.02 percent. The Mortgage Bankers Association noted that though rates remain low, there appears to be a smaller pool of borrowers. This news was disappointing, but nearly as weak as data on new home sales. New home ... (Wed, 27 Jan 2010 20:53:39 GMT)
Big Increase in San Diego Homeowners Behind on Home Loan Payments More than 6,500 homeowners got default notices in the past three months. (Wed, 27 Jan 2010 20:54:54 GMT)
GERALD KRAMER: Money Smarts - Mortgage modification is worth a try By one guesstimate, about 25 percent of the mortgages in the U.S. are underwater, meaning that the home value is less than the mortgage. Chalk it up to the general decline in home prices throughout the country, with some areas getting hit much harder than others. South Florida is an example of the latter. The run-up in prices prior to the bust was by any measure extraordinary; values doubled (or ... (Wed, 27 Jan 2010 21:09:00 GMT)
E*Trade Narrows Loss as Writedowns From Mortgage Crisis Recede Jan. 27 (Bloomberg) -- E*Trade Financial Corp., the fourth- largest online brokerage by assets, reported its smallest loss in more than a year as it set aside less money for mortgage defaults. (Wed, 27 Jan 2010 22:03:36 GMT)
Number of mortgage default notices in California The number of California homes entering the foreclosure process has declined for three straight quarters. Here is a tally of mortgage default notices: 2009 Fourth quarter: 84,568 Third quarter: 111,689 Second quarter: 124,562 First quarter: 135,431 2008... Mortgage - Foreclosure - Business - California - Loan (Wed, 27 Jan 2010 23:00:09 GMT)
Countrywide parent says mortgage crash affected Texas contract; Perry defends enterprise fund AUSTIN, Texas - Bank of America canceled a jobs contract with Texas because the mortgage crisis and a complex merger were preventing its Countrywide Home Loans from adding the 7,500 jobs it promised to the state by late 2010, the company said Wednesday. (Thu, 28 Jan 2010 00:00:33 GMT)
US Home Loan Advocates Supports Real Estate Agents with Short Sales WESTLAKE VILLAGE, Calif.----US Home Loan Advocates, Inc. a leading loan modification company, is extending their expert loss mitigation negotiation services to real estate agents. The number of homeowners with upside down mortgages is growing rapidly. (Thu, 28 Jan 2010 00:39:00 GMT)
7 charged in local mortgage scheme Seven men are facing charges they swindled hundreds of thousands of dollars from Denver-area mortgage companies in a scheme to buy homes they never made payments on, according to the Denver (Thu, 28 Jan 2010 01:56:17 GMT)
USDA loaded for home loans A program available through the U.S. Department of Agriculture has plenty of money available to help make it easier for Knox County residents living outside of Galesburg to buy a house. A USDA Rural Development direct loan can be used to buy an existing house, buy a lot and build a new home or, in “limited circumstances,” refinance. (Thu, 28 Jan 2010 02:09:16 GMT)
Mortgage applications fall 11% last week Fewer people are applying for home loans despite low interest rates as refinancing activity wanes. Applications for home loans fell nearly 11% last week despite low interest rates, with refinancing activity apparently running out of steam, the Mortgage Bankers Assn. said in a report Wednesday. (Thu, 28 Jan 2010 03:36:39 GMT)
(AFX UK Focus) 2010-01-28 03:15 Obama says to step up home mortgage refinancing WASHINGTON, Jan 27 (Reuters) - U.S. President Barack Obama, looking for ways to ease the fallout from weak economic conditions, on Wednesday sought to speed up refinancing of mortgages so that homeowners could afford to stay in their homes. Keywords: OBAMA/MORTGAGES (Editing by Stacey Joyce; richard.cowan@thomsonreuters.com; 202-898-8391; Reuters Messaging; [[[SHIFTOUT ... (Thu, 28 Jan 2010 03:43:50 GMT)
Local residents react to Obama Patrick Carrin, Independent, president of the Mortgage Bankers Association of Tallahassee "It stunned me how he said he was going to help middle-class families by refinancing their homes, but then never saying how. Taxing the big banks is a popular idea, but all the healthy big banks have paid back what they owe, plus interest. When you tax big business, they pass it on to the consumer, which is ... (Thu, 28 Jan 2010 05:08:46 GMT)
Real Estate Lawyer Liable for Damages for Role in Client's Mortgage Scam A New Jersey real estate lawyer is liable for nearly $700,000, plus punitive damages and legal fees, for his role in a mortgage foreclosure rescue scam, a bankruptcy judge says. The ruling holding William Gahwyler Jr. jointly liable as a co-conspirator with his client is "the first New Jersey reported case on these mortgage foreclosure rescue schemes," says the plaintiffs lawyer, Gabriel Halpern ... (Thu, 28 Jan 2010 05:16:21 GMT)
Lenders Pursue Mortgage Payoffs Long After Homeowners Default When John King stopped making payments on his home in Coral Gables, Florida, two years ago, he assumed the foreclosure ended his mortgage contract, he said. Last month, a Miami-Dade County court gave collectors permission to pursue him for $44,000 stemming from the default. (Thu, 28 Jan 2010 05:33:00 GMT)
Modifications low on some delinquent FHA home loans If you’re delinquent on an FHA-insured home loan in St. Joseph, odds are you’re not getting much help from the company that lent you the money. (Thu, 28 Jan 2010 06:21:46 GMT)
Federal Home Loan sues banks for $2B Morgan Stanley, UBS and Barclays were among banks sued by Federal Home Loan Bank of Seattle, which seeks to recoup more than $2 billion it paid for certificates backed by faulty mortgages. The banks made misleading statements about the asset-backed securities and the credit quality of the mortgage loans that... (Thu, 28 Jan 2010 07:10:53 GMT)
Commercial mortgage-backed securities market recovery dull 28 January 2010 JEDDAH - A robust recovery of the commercial mortgage-backed securities (CMBS) market in Europe, the Middle East and Africa (EMEA) is unlikely in 2010, said Moody's Investors Service in its 2009 Review & 2010 Outlook report for the asset class. (Thu, 28 Jan 2010 08:06:03 GMT)
Mortgage scheme nets felony charges against seven men Seven men are facing charges they swindled hundreds of thousands of dollars from Denver-area mortgage companies in a scheme to buy homes they never made payments on, according to the Denver district attorney's office. (Thu, 28 Jan 2010 08:11:24 GMT)
Mortgage rates recede for 4th week Mortgage rates remain low, and sales pick up as homebuyers rush to make a deal before tax credit ends. (Thu, 28 Jan 2010 11:00:00 GMT)
401(k) loan from old job unlikely A company is unlikely to allow an ex-employee to take out a 401 loan, but it can't hurt to ask. (Thu, 28 Jan 2010 11:00:00 GMT)
Suspended CPA Pleads Guilty in Mortgage Scheme A former CPA whose license has been suspended by the Oregon Board of Accountancy has pleaded guilty to charges related to mortgage fraud. (Thu, 28 Jan 2010 11:05:33 GMT)
Defaults May Return to Haunt Beleaguered Irish Mortgage Lenders Jan. 28 (Bloomberg) -- It’s hard to tell that Ireland’s economy is en route to recovery at the High Court in Dublin. As lawyers swarm around the wood-paneled room, Justice Brian McGovern considers the case of a cab driver owing 297,000 euros ($421,000) to his mortgage lender. (Thu, 28 Jan 2010 11:16:02 GMT)
Mortgage rates recede for 4th week Mortgage rates fell for the fourth consecutive week. The benchmark 30-year fixed-rate mortgage slipped 2 basis points this week, to 5.13 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. (Thu, 28 Jan 2010 11:42:00 GMT)
Nigeria : FMBN Sets to Enhance Mortgage Loaning Lagos — The new management of the Federal Mortgage Bank of Nigeria (FMBN) led by Mr. Abdulsalam Ahmed seems to be on the right track to resuscitating the formally moribund Federal mortgage loaning institution as the bank is set to create multiple lending platforms in order to deepen banks' existing windows of primary mortgage institutions. (Thu, 28 Jan 2010 11:50:27 GMT)
Lenders Pursue Mortgage Payoffs Long After Homeowners Default Jan. 28 (Bloomberg) -- When John King stopped making payments on his home in Coral Gables, Florida, two years ago, he assumed the foreclosure ended his mortgage contract, he said. (Thu, 28 Jan 2010 11:55:16 GMT)
Looking for a mortgage? LendingTree offers an iPhone app Get the latest news alerts: Follow LTW at Twitter. CHARLOTTE, .N.C. – Home buyers or owners seeking a new mortgage can now do so on their iPhones through a new application developed by LendingTree. (Thu, 28 Jan 2010 12:02:13 GMT)
No Lenihan pledge on mortgage rates Opposition parties have sought an assurance from the Government that other banks will not follow the lead of Permanent TSB if it puts up its variable mortgage interest rates. (Thu, 28 Jan 2010 12:12:14 GMT)
Bankrate: Mortgage Rates Inch Lower The average conforming 30-year fixed mortgage rate fell for the fourth consecutive week, settling at 5.13 percent according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.49 discount and origination points. (Thu, 28 Jan 2010 12:30:00 GMT)
Avoid foreclosure, manage mortgage debt in 2010 Whether you are looking to own a home or worried about losing one, now is prime time to review and manage your mortgage debt to sustain your financial health. (Thu, 28 Jan 2010 15:19:03 GMT)
Mortgages: Mortgage rates remain flat: Freddie Mac The 30-year fixed-rate mortgage averages 4.98% for the week ending Jan. 28, down from 4.99% last week and 5.10% a year ago, according to Freddie Mac's weekly survey. (Thu, 28 Jan 2010 16:00:45 GMT)
Federal Home Loan Bank of Atlanta to Award $6.5 Million for Affordable Housing in Alabama Federal Home Loan Bank of Atlanta announced today that it will award $6.5 million to fund 11 affordable housing developments in Alabama. The funding is part of $40 million FHLBank Atlanta will award in ten states to create or preserve 3,897 units of affordable housing. (Thu, 28 Jan 2010 16:39:00 GMT)
WATCH: Mortgage Equity Acceleration Shave years off your mortgage and save big! Mortgage - Business - Financial Services - United States - Rortybomb (Thu, 28 Jan 2010 16:46:31 GMT)
Mortgage rates on 30-year loans fall to 4.98 percent Mortgage rates in the U.S. fell for a fourth week as lenders and the Federal Reserve sought to support home financing amid signs a housing rebound is stalling. (Thu, 28 Jan 2010 16:50:01 GMT)
Manchester City loan Robinho to Santos Manchester City's Brazil forward Robinho is returning home to his former club Santos immediately on a six-month loan deal, the Premier League club said on Thursday. (Thu, 28 Jan 2010 16:58:00 GMT)
Mortgage rates nearly flat this week Rates on 30-year mortgages remained almost flat this week as the Federal Reserve said it would keep rates near record lows to help the economy recover. The average rate on a 30-year fixed mortgage was 4.98 percent this week, down slightly from 4.99 percent... Mortgage - Federal Reserve System - Fixed rate mortgage - Business - Financial Services (Thu, 28 Jan 2010 17:15:09 GMT)
Mortgage Rates Nearly Flat This Week Mortgage rates remain steady this week as Fed maintains plan to end program Mortgage - Business - Financial Services - United States - Arizona (Thu, 28 Jan 2010 17:31:41 GMT)
Twin Cities family find themselves stuck in mortgage red tape Jan. 28--With their mortgage consuming about half of their monthly income and the bank threatening to foreclose, Jason and Jennifer Sonterre looked like perfect candidates for the federal government's Home Affordable Modification Program, which was supposed to help up to 4 million Americans hold onto their homes. (Thu, 28 Jan 2010 17:51:37 GMT)
Football: Man City loan Robinho to Santos on six-month deal Manchester City's Brazil forward Robinho is returning home to his former club Santos immediately on a six-month loan deal, the Premier League club said on Friday (Thu, 28 Jan 2010 17:52:15 GMT)
Lloyds Boosts Sale of Mortgage Bonds, Doubles Dollar Portion Jan. 28 (Bloomberg) -- Lloyds Banking Group Plc will boost its planned sale of U.K. mortgage-backed securities in dollars, pounds and euros to a total $3.3 billion. (Thu, 28 Jan 2010 17:52:46 GMT)
Treasury seeks to speed up mortgage modifications With expectations for millions of foreclosures on the horizon, the Obama administration is making changes to its $75 billion mortgage-modification program to speed up the conversion of troubled loans into more-affordable permanent loans, the Treasury Department says. (Thu, 28 Jan 2010 18:45:50 GMT)
Treasury Seeks To Expand Mortgage-altering Program Treasury Seeks To Expand Mortgage-altering Program (Thu, 28 Jan 2010 18:59:31 GMT)
Manchester City loan Robinho to Santos Manchester City's Brazil forward Robinho is returning home to his former club Santos immediately on a six-month loan deal, both clubs said on Thursday. (Thu, 28 Jan 2010 19:06:00 GMT)
Home-loan modifications to require more proof Troubled homeowners seeking a trial mortgage modification are going to have to prove upfront that they qualify for one, rather than getting it first and verifying it later. (Thu, 28 Jan 2010 19:20:06 GMT)
Borrowers to face higher hurdles to get Obama mortgage help Under fire for the low number of people receiving long-term mortgage help, the Treasury Department on Thursday announced new guidelines that will require applicants to provide all paperwork before getting a trial modification. (Thu, 28 Jan 2010 19:43:00 GMT)
Mortgage rates nearly flat this week Rates on 30-year mortgages remained almost flat this week as the Federal Reserve said it would keep rates near record lows to help the economy recover. (Thu, 28 Jan 2010 19:55:54 GMT)
Obama admin: Make more modified home loans permanent The Obama administration unveiled changes to its $75 billion home loan modification program on Thursday in an effort to boost the number of trial home loans that become permanent. (Thu, 28 Jan 2010 20:01:52 GMT)
Refinancers cut interest rates and shrink their debt How are homeowners responding to record-low interest rates? A lot of them are refinancing into low-rate mortgages and shrinking their mortgage balances at the same time, according to a report released Thursday by Freddie Mac. The mortgage-finance giant said that one-third of borrowers who refinanced their mortgages in the fourth quarter brought cash to the table, taking out new mortgages with ... (Thu, 28 Jan 2010 21:11:34 GMT)
Administration shifts gears on mortgage modifications WASHINGTON — Conceding that its initial mortgage relief program has been less than successful, the Treasury Department Thursday announced new rules to simplify and speed the decision-making process for struggling borrowers trying to modify the terms of their distressed mortgages. (Thu, 28 Jan 2010 22:15:00 GMT)
Man pleads guilty to stealing $100K from mortgage refinance The former president of an Ellicott City mortgage company pleaded guilty Thursday to stealing more than $100,000, money he took from a homeowner immediately after helping her with a cash-out refinancing. (Thu, 28 Jan 2010 22:18:13 GMT)
City loan Robinho to Santos LONDON, Jan 29 — Manchester City’s Brazil forward Robinho is returning home to his former club Santos immediately on a six-month loan deal, the Premier League club said yesterday. “Santos will assume all of the player’s contract terms, including wages and bonuses. Robinho will travel to Brazil on Sunday to begin his loan period,” City said in a statement. (Thu, 28 Jan 2010 23:41:19 GMT)
Lloyds Boosts Sale of Mortgage Bonds, Doubles Dollar Portion Jan. 28 (Bloomberg) -- Lloyds Banking Group Plc will boost its planned sale of U.K. mortgage-backed securities in dollars, pounds and euros to a total $3.3 billion. (Thu, 28 Jan 2010 23:41:35 GMT)
New Zealand’s Home-Building Approvals Decline 2.4% (Update1) Jan. 29 (Bloomberg) -- New Zealand’s home-building approvals fell for the first time in six months in December, adding to signs that higher home-loan interest rates may curb demand for property. (Thu, 28 Jan 2010 23:48:58 GMT)
NAB Says Home-Loan Demand Climbed After Undercutting Rivals Jan. 29 (Bloomberg) -- National Australia Bank Ltd. , the country’s third-largest mortgage provider, said home-loan demand climbed “significantly” after the bank undercut bigger rivals on interest rates last month. (Fri, 29 Jan 2010 00:40:48 GMT)
NAB Says Home-Loan Demand Climbed After Undercutting Rivals National Australia Bank Ltd., the country’s third-largest mortgage provider, said home-loan demand climbed “significantly” after the bank undercut bigger rivals last month. (Fri, 29 Jan 2010 01:04:56 GMT)
More Australians Struggle With Mortgage Payments, MFAA Says Jan. 29 (Bloomberg) -- A rising number of Australians are struggling to make their mortgage payments as increasing property prices and interest rates take a bigger chunk out of homeowners’ incomes, a mortgage brokers’ association said. (Fri, 29 Jan 2010 01:15:56 GMT)
Treasury moves to make paperwork for mortgage aid easier to understand Facing mounting criticism about the effectiveness of the government's foreclosure prevention efforts, the Obama administration announced Thursday that it will tighten the documentation requirements for borrowers applying for its marquee mortgage relief program. (Fri, 29 Jan 2010 01:30:59 GMT)
Administration tightens documentation requirements for mortgage relief Facing mounting criticism about the effectiveness of the government's foreclosure-prevention efforts, the Obama administration announced Thursday that it will tighten the documentation requirements for borrowers applying for its marquee mortgage relief program. (Fri, 29 Jan 2010 05:00:00 GMT)
12 News helps widow get new home loan Chase mortgage customer Marilyn Brocato called 12 News earlier this month asking for help with a loan modification that had gone nowhere in nine months. The You Paid for It team helped her get a second chance and a modification through the company's newest Homeownership Center in Tempe. (Fri, 29 Jan 2010 05:09:11 GMT)
Home, car, personal loan rates sure to rise Home, car and personal loans are now certain to be more expensive with the Reserve Bank of India, under pressure to combat rising inflation, on Friday announced stringent steps like raising mandatory cash reserves of banks to suck over Rs 36,000 crore (Rs 360 billion) out of the system. (Fri, 29 Jan 2010 07:11:49 GMT)
Women could be ordered to pay millions in mortgage-fraud case Two women who targeted expensive houses and raked in large profits through a mortgage-fraud scheme might have to pay millions back to the money lenders they victimized. (Fri, 29 Jan 2010 07:12:23 GMT)
Home loan growth likely to slow: APRA Home loan growth is likely to slow in 2010 after a surge in 2009 led by first-home buyers, as interest rate rises make borrowing less attractive. (Fri, 29 Jan 2010 07:54:00 GMT)
Mortgage rates remain nearly flat this week McLEAN, Va. (AP) — Rates on 30-year mortgages remained almost flat this week as the Federal Reserve said it would keep rates near record lows to help the economy recover.The average rate on a 30-year fixed mortgage was 4.98 percent this week, down slightly from 4.99 percent last week, Freddie Mac said Thursday. Last year at this time, the average rate for a 30-year fixed mortgage was 5.10 ... (Fri, 29 Jan 2010 08:00:00 GMT)
Seven men suspected in Denver mortgage scheme. Seven men are facing charges that they swindled hundreds of thousands of dollars from Denver-area mortgage companies in a scheme to buy homes they never made payments on, according to the Denver district attorney's office. (Fri, 29 Jan 2010 08:13:34 GMT)
Mortgage revisions may ease frustrations WASHINGTON - Conceding that its initial mortgage relief program has been less than successful, the Treasury Department Thursday announced new rules to simplify and speed the decision-making pro-cess for struggling borrowers trying to modify terms of distressed mortgages. (Fri, 29 Jan 2010 08:24:12 GMT)
Mortgage aid will require proof of income Homeowners seeking relief under the Obama administration's mortgage aid program will be required to provide proof of their incomes upfront, a significant reversal for the problem-plagued effort to stem the foreclosure crisis. (Fri, 29 Jan 2010 12:12:35 GMT)
Ellicott City man pleads guilty in theft He took more than $100,000 after helping homeowner refinance An Ellicott City man who was employed by one mortgage company and ran another on the side pleaded guilty Thursday to stealing more than $100,000, money he took from a homeowner immediately after helping her with a cash-out refinancing. (Fri, 29 Jan 2010 12:52:52 GMT)
Home loan growth to slow HOME loan growth is likely to slow this year after a surge last year led by first home buyers. (Fri, 29 Jan 2010 13:00:00 GMT)
Man pleads guilty to stealing from mortgage refinance He took more than $100,000 after helping homeowner refinance An Ellicott City man who was employed by one mortgage company and ran another on the side pleaded guilty Thursday to stealing more than $100,000, money he took from a homeowner immediately after helping her with a cash-out refinancing. (Fri, 29 Jan 2010 14:10:08 GMT)
Lenders Pursue Mortgage Payoffs Long After Homeowners Default When John King stopped making payments on his home in Coral Gables, Florida, two years ago, he assumed the foreclosure ended his mortgage contract, he said. Last month, a Miami-Dade County court gave collectors permission to pursue him for $44,000 stemming from the default. (Fri, 29 Jan 2010 14:35:14 GMT)
Easton Lynd to Manage Distressed Properties for Warren Buffet-Owned Berkadia Commercial Mortgage SAN ANTONIO, TX--(Marketwire - 01/29/10) - Easton Lynd Management, the commercial property management division of The Lynd Company, has been tapped by Berkadia Commercial Mortgage LLC to manage a portion of its distressed property portfolio throughout the United States. Berkadia, based out of Horsham, Pennsylvania, is a top-rated, special servicer of commercial real estate loans owned jointly by ... (Fri, 29 Jan 2010 17:02:00 GMT)
UPDATE: Treasury Says PPIP Funds Hold $3.4 Billion In Mortgage Bonds WASHINGTON -(Dow Jones)- Private sector firms participating in a government program to buy soured real estate assets were holding $3.4 billion in mortgage bonds at the end of 2009, the Treasury Department said. (Fri, 29 Jan 2010 17:04:14 GMT)
Credit Markets: A small rise in mortgage rates seen after Fed done Mortgage rates will only increase slightly after the Federal Reserve finishes with its ambitious debt-buying program aimed at helping prop up the U.S. housing market, Morgan Stanley analysts specializing in interest rates say. (Fri, 29 Jan 2010 18:16:10 GMT)
ALL BUSINESS: Double standard in mortgage walkaway Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can't pay its mortgage. (Fri, 29 Jan 2010 19:19:00 GMT)
ALL BUSINESS: Double standard in mortgage walkaway Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can't pay its mortgage. That's good business. (Fri, 29 Jan 2010 19:19:35 GMT)
Home loan growth likely to slow -APRA Home loan growth is likely to slow in 2010 after a surge in 2009 led by first-home buyers. (Fri, 29 Jan 2010 19:37:35 GMT)
Home loan growth likely to slow -APRA Home loan growth is likely to slow in 2010 after a surge in 2009 led by first-home buyers, as interest rate rises make borrowing less attractive. (Fri, 29 Jan 2010 19:43:52 GMT)
ALL BUSINESS: Double Standard in Mortgage Walkaway ALL BUSINESS: Corporations walk away from mortgages unscathed; individuals called deadbeats Mortgage - Business - Financial Services - United States - Connecticut (Fri, 29 Jan 2010 20:01:31 GMT)
QPR defender arrives at Newcastle for loan spell Newcastle have signed QPR defender Fitz Hall on loan until the end of the season.
