Mortgage News Feb 2010

Feb 2012 | Jan 2012 | Dec 2011 | Nov 2011 | Oct 2011 | Sep 2011 | Aug 2011 | Jul 2011 | Jun 2011 | May 2011 | Apr 2011 | Mar 2011 | Feb 2011 | Jan 2011 | Dec 2010 | Nov 2010 | Oct 2010 | Sep 2010 | Aug 2010 | Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010 | Feb 2010 | Jan 2010 | Dec 2009 | Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 2008 | Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006

Previous 1 2 3 4 5 6 Next

Lenders pursue mortgage payoffs long after homeowners default
When John King stopped making payments on his home in Coral Gables, Fla., two years ago, he assumed the foreclosure ended his mortgage contract... (Fri, 05 Feb 2010 18:06:49 GMT)

Crime boss Lock gets 13 years for mortgage fraud
Milwaukee crime boss Michael Lock was sentenced Friday to 160 months in federal prison on his conviction for running a mortgage fraud operation. (Fri, 05 Feb 2010 18:21:22 GMT)

Obama Calls For Small Business Mortgage Refinancing, Increase To Loan Limits
(RTTNews) - President Barack Obama Friday proposed the next in a series of measures aimed at assisting small businesses and creating jobs. (Fri, 05 Feb 2010 20:40:55 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. (Fri, 05 Feb 2010 20:47:29 GMT)

Home Sellers Have The Advantage In NE Queens
In some parts of northeastern Queens, prospective home buyers have few choices in the housing market. (Fri, 05 Feb 2010 20:52:17 GMT)

GMAC May Give Funds to Mortgage Unit, Moody’s Says (Update1)
Feb. 5 (Bloomberg) -- GMAC Inc. , whose leader has called its money-losing mortgage unit “a millstone around the company’s neck,” may need to contribute more capital to the operation, according to Moody’s Investors Service. (Fri, 05 Feb 2010 20:53:00 GMT)

GMAC May Give Funds to Mortgage Unit, Moody’s Says (Update1)
GMAC Inc., whose leader has called its money-losing mortgage unit “a millstone around the company’s neck,” may need to contribute more capital to the operation, according to Moody’s Investors Service. (Fri, 05 Feb 2010 20:54:14 GMT)

Judge in Countrywide Case Removed Over Claim of Discount Loan
Feb. 5 (Bloomberg) -- A Florida judge was ordered to remove himself from a foreclosure proceeding by Bank of America Corp. ’s Countrywide unit after the homeowner claimed the judge received a discount loan from an affiliate of the mortgage lender. (Fri, 05 Feb 2010 23:08:33 GMT)

Nev. Loan Mod Firm Agrees To Pay Fine
A loan modification firm agrees to pay a $5,000 fine and refund fees to homeowners whose loans were not completed under a settlement announced by the Nevada attorney general's office. (Sat, 06 Feb 2010 02:04:37 GMT)

Hundreds seek help with loan mods
Many Valley residents have complained about problems with banks involved in the federal loan modification program. Frustrated homeowners have told 12 News how banks are dragging their feet, paperwork is messed up and people are forced out of their homes. (Sat, 06 Feb 2010 04:39:13 GMT)

Cash-in refinancing could help homeowners save money
Thinking of cashing out some equity when you refinance your mortgage? Sure, that used to be what millions of homeowners did when they needed extra money. (Sat, 06 Feb 2010 05:00:00 GMT)

Mortgage bankers group sells D.C. offices to Bethesda company
Even the pros are taking a beating. The Mortgage Bankers Association, its membership expert in real estate, sold its $90 million headquarters in downtown Washington on Friday for $41 million. (Sat, 06 Feb 2010 05:00:00 GMT)

Mortgage markets brace for future without federal aid
The wind-down of federal support for mortgage rates, set to end in two months, is a momentous test of whether the Obama administration and the Federal Reserve have succeeded in jump-starting the housing market and ensuring it can hold its own. The stakes for the economy are massive. (Sat, 06 Feb 2010 06:07:09 GMT)

Refinancing options for homeowners underwater
Homeowners with a mortgage balance exceeding the property's current value know the futility of trying to get a refinance. Refinancing options for so-called "underwater" mortgages are limited because most lenders require some equity in the property — ideally about 20 percent. (Sat, 06 Feb 2010 06:07:29 GMT)

More refinancing homeowners put cash in, not take it out
Thinking of cashing out some equity when you refinance your mortgage? Sure, that used to be what millions of homeowners did when they needed... (Sat, 06 Feb 2010 06:08:00 GMT)

GMAC may need to do more for mortgage unit
GMAC Inc., whose leader has called its money-losing mortgage unit a millstone around the company's neck, may need to contribute more capital to the operation, according to Moody's Investors Service. (Sat, 06 Feb 2010 06:12:00 GMT)

Welcome home: Short sales simplified
What is a short sale? In a short sale, a lender agrees to let a homeowner who's facing financial hardship sell their home for less than the mortgage owed. A short sale is an alternative to foreclosure, typically not pursued until after other efforts to keep the owner in the home have been exhausted. There are potential tax consequences that should be discussed with a tax professional. Why is a ... (Sat, 06 Feb 2010 07:22:52 GMT)

Kansas City Fed official favors ending mortgage-buying crutch
Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, said Friday that the planned end of central bank mortgage buying need not push up borrowing costs significantly. (Sat, 06 Feb 2010 08:29:36 GMT)

Mortgage rates on 30-year loans rise to 5.01 percent
Mortgage rates in the U.S. rose for the first time in five weeks, threatening to slow the housing market's recovery as government incentives near expiration. (Sat, 06 Feb 2010 08:45:33 GMT)

Big Six banks urge Ottawa to tighten mortgage rules
Canada's top bankers are pushing the government to clamp down on the mortgage market to cool off the rise in home prices. The heads of the country's six largest banks have privately told policy makers that they fear the wide-ranging economic fallout of a U.S. style binge-and-collapse in housing. (Sat, 06 Feb 2010 09:31:45 GMT)

Peter Boutell, Lending a Hand, Feb. 6, 2010: Mortgage industry raises barrier to entry
Those of us in the mortgage origination business have been offering advice and providing the financing and refinancing products that virtually every homeowner in America depends upon. (Sat, 06 Feb 2010 09:46:10 GMT)

Home again - and it's West Ham
After five weeks between the previous two home games against Bolton and Chelsea, we are back at home within a week with today's visitors West Ham United. (Sat, 06 Feb 2010 11:59:28 GMT)

Georgia gov proposes mortgage fraud unit
State Sen. Bill Cowsert, one of the governor’s floor leaders in the Senate, has introduced legislation that would create a special unit from the GBI, the Department of Banking and Finance and local law enforcement to investigate mortgage fraud crimes.. (Sat, 06 Feb 2010 15:00:19 GMT)

Pastors, churches indicted in mortgage fraud scheme
Attorney General Beau Biden announced that Jamaar Manlove Townsend; Larry Manlove, Bear; Jamaar's wife, Rhonda Manlove; Master Builders for Christ, Middletown; and Vision Builders Christian Center, Bear have been charged in a 21-count indictment for crimes related to a mortgage rescue scam. (Sat, 06 Feb 2010 15:02:54 GMT)

Lower county home sales recovering
is sensing an upswing in the real estate market. Darien-based asset management The Patriot Group recently announced the sale of the late William Backhouse Astor’s Beechwood home in Newport, R.I., for $10.5 million to Larry Ellison, Oracle Corp.’s co-founder and chief executive officer. (Sat, 06 Feb 2010 15:19:46 GMT)

Habitat awards 21st home
Like any family, Glenn and Sue Ann Gogo had hopes of one day building their dream home. (Sat, 06 Feb 2010 17:03:37 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. (Sat, 06 Feb 2010 17:33:34 GMT)

Area housing market helped by tax credit, mortgage rates
A combination of the federal first-time homebuyer tax credit and low mortgage rates reduced the impact of a down economy on the Binghamton-area housing market in 2009, real estate agents said. (Sat, 06 Feb 2010 22:15:50 GMT)

4. Daughter's back at home but mum finds it hard to forgive
JOHOR BARU: A mother is finding it hard to forgive her daughter's boyfriend although his family paid more than RM30,000 to secure her release from loan sharks. (Sun, 07 Feb 2010 00:19:19 GMT)

Terry's £4m mortgage mystery: Why did disgraced £170k-a-week star need huge cash loan?
Questions were raised last night about the state of John Terry’s finances after it was revealed that the mortgage on his Surrey mansion is now almost twice the value of the property when he bought it. (Sun, 07 Feb 2010 01:34:10 GMT)

HOUSING: Federal effort to help homeowners revives risky mortgages
The pitch is strikingly familiar: A home loan deal that offers afive-year "teaser" rate with low monthly payments, but thenescalates to sharply higher costs. (Sun, 07 Feb 2010 03:06:43 GMT)

Saudi mortgage law to boost bank lending
Saudi banks are expected to reverse several months of tight credit policy and open up their massive lending coffers when the long-awaited mortgage law is issued this year, the Gulf kingdom's largest bank said yesterday. (Sun, 07 Feb 2010 04:50:36 GMT)

Paying your credit card bill before the mortgage
My grandmother Big Mama had a key financial rule that I've followed throughout my life. (Sun, 07 Feb 2010 05:00:00 GMT)

Mortgage giants GSEs in limbo: In housing, a dangerous policy vacuum grows.
THERE IS NO END in sight to the federal bailout of Fannie Mae and Freddie Mac . President Obama's fiscal 2011 budget proposal said as much in a few phrases that promised nothing more definitive than continued "monitoring" of the two mortgage giants, which have been operating since mid-2008 in the... (Sun, 07 Feb 2010 05:00:00 GMT)

Law weeds out mortgage loan officers
New Hampshire lost more than half its mortgage loan officers on Jan. 1, when a new law went into effect requiring them to be licensed. Some decided not to apply; others failed the test. Before the champagne toasts on Dec. (Sun, 07 Feb 2010 05:40:47 GMT)

Essex, Middlesex home sales on rise
Single-family home sales in Essex and Middlesex counties increased last year compared with 2008, but prices continue to slide, according to The Warren Group, a Boston publisher of real estate data. (Sun, 07 Feb 2010 06:18:54 GMT)

Whitney in collaborative home ownership initiative
Whitney National Bank is participating in a collaborative effort with Habitat for Humanity and the Federal Home Loan Bank of Dallas to provide homeownership opportunities to low-income households in St. Tammany Parish. (Sun, 07 Feb 2010 06:49:35 GMT)

Chicago-Area First Time Home Buyers Webinar
Peter Thompson, senior loan officer with the PT Mortgage Group at Wintrust Mortgage (www.ptmortgage.com), will be presenting a free, educational webinar: (Sun, 07 Feb 2010 07:01:00 GMT)

ECHO HOPE lowers hurdles of home ownership
AZTEC — Sommar Martinez has a good job and decent credit history, but walking into a bank to arrange the purchase of her family's first home simply wasn't an option. (Sun, 07 Feb 2010 07:10:01 GMT)

Mortgage investors busy trying to regroup
The financial wizards who concocted the complicated mortgage-linked investments that nearly brought down the world economy are trying to come back from the dead. (Sun, 07 Feb 2010 07:23:34 GMT)

Mortgage rates rise to 5.01%
Rates on 30-year fixed mortgages rose slightly last week, inching above 5 percent, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage was 5.01 percent last week, up from 4.98 percent the previous week. Last year at this time, the average rate for a 30-year fixed mortgage was 5.25 percent. (Sun, 07 Feb 2010 08:07:17 GMT)

Mortgage rates rise slightly
Rates on 30-year fixed mortgages rose slightly this week, inching above 5 percent, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage was 5.01 percent this week, up from 4.98 percent last week. (Sun, 07 Feb 2010 08:19:27 GMT)

'Cash-in' refis growing in popularity
Instead of tapping into equity, Americans are preferring to put in cash to cut debt. Thinking of cashing out some equity when you refinance your mortgage? Sure, that used to be what millions of homeowners did when they needed extra money. (Sun, 07 Feb 2010 08:30:06 GMT)

Canyon News - Real Estate Appraiser Receives Three Years for Mortgage Fraud
BEL AIR—On January 29, a former state-licensed real estate appraiser was sentenced to three years in federal prison and ordered to pay more than $46 million in restitution for her role in a massive mortgage fraud scheme that caused tens of millions of dollars in losses to federally insured banks, according to the Federal Bureau of Investigation. (Sun, 07 Feb 2010 08:37:34 GMT)

'Cash-in' refinancing gains steam
Thinking of cashing out some equity when you refinance your mortgage? That's what millions of homeowners once did when they needed extra money. (Sun, 07 Feb 2010 09:40:13 GMT)

Top Canadian Banks Want Government To Cool Off Rise In Home Prices
Canada's top bankers are pushing the government to clamp down on the mortgage market to cool off the rise in home prices. (Sun, 07 Feb 2010 10:15:12 GMT)

Two Kansas projects selected for ARRA funds
Kansas USDA Rural Development State Director Patty Clark congratulated Manhattan PE CO, LLC of Manhattan and Big Sugar Lumber & Home Center, Inc. of Fort Scott on their recent selection for Agency Business and Industry Guaranteed Loans through funding made available by the American Recovery and Reinvestment Act. The purpose of the USDA Rural Development Business and Industry Guaranteed Loan ... (Sun, 07 Feb 2010 10:39:29 GMT)

Habitat for Humanity home in Charlotte to be super energy-efficient
CHARLOTTE -- The first Habitat for Humanity home to be built in Charlotte is slated for construction this summer. It will be the first in Charlotte -- and it also will take the lead in energy efficiency among Habitat homes in New England. (Sun, 07 Feb 2010 13:06:19 GMT)

Pastors, churches indicted in mortgage fraud scheme
Attorney General Beau Biden announced that Jamaar Manlove Townsend; Larry Manlove, Bear; Jamaar's wife, Rhonda Manlove; Master Builders for Christ, Middletown; and Vision Builders Christian Center, Bear have been charged in a 21-count indictment for crimes related to a mortgage rescue scam. (Sun, 07 Feb 2010 14:18:03 GMT)

Mortgage investors try to regroup after meltdown
NATIONAL HARBOR, Md. -- The financial wizards who concocted the complicated mortgage-linked investments that nearly brought down the world economy are trying to come back from the dead. (Sun, 07 Feb 2010 14:39:06 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. (Sun, 07 Feb 2010 17:16:51 GMT)

Geithner Claims Mortgage Modifications a Success Despite House Probe
Millions more Americans are facing financial security as a result of stabilizing home prices, Treasury Secretary Tim Geithner said Sunday, even though only about 66,000 people have benefited from permanent mortgage loan modifications aimed to prevent foreclosure, a figure that has resulted in a House panel investigation. (Sun, 07 Feb 2010 21:01:14 GMT)

Inter cruise as Roma home in on record
Inter Milan continued their inexorable march towards a fifth straight Serie A title as they crushed Cagliari 3-0 at the San Siro while AC Milan were held to a 0-0 draw at Bologna on Sunday. (Sun, 07 Feb 2010 22:08:42 GMT)

Mortgage brokers seek trusting relationship with planners
Mortgage brokers will increasingly look to join with financial planners as their industries converge. (Sun, 07 Feb 2010 23:21:25 GMT)

'Irregular' Marac loan costs $2.5m
Pyne Gould Corporation s Marac finance unit has turned up irregularities relating to a business loan and will take a $2.5 million provisions against its first-half results. (Mon, 08 Feb 2010 00:16:06 GMT)

'Irregular' Marac loan costs $2.5m
Pyne Gould Corporation’s Marac finance unit has turned up irregularities relating to a business loan and will take a $2.5 million provision against its first-half results. (Mon, 08 Feb 2010 00:17:28 GMT)

Kiwibank cuts variable mortgage rate
State-owned Kiwibank is cutting its variable mortgage rate by 14 basis points to 5.65 percent and hiking its 18 month fixed rate by 10 basis points to 6.49 percent. (Mon, 08 Feb 2010 00:25:59 GMT)

Marac audit reveals 'irregular' loan
Marac has today disclosed that an internal audit found one loan that was outside the company's internally prescribed practices. (Mon, 08 Feb 2010 01:10:53 GMT)

Kiwibank cuts variable mortgage rate
State-owned Kiwibank is cutting its variable mortgage rate by 14 basis points to 5.65 percent and hiking its 18 month fixed rate by 10 basis points to 6.49 percent. read more (Mon, 08 Feb 2010 01:16:56 GMT)

Police invite lenders to talks as charity home debts mount
The police are offering to talk to money lenders who are charging the guardian of a charity home for children 50,000 baht a day in loan repayments and interest to renegotiate her borrowing. (Mon, 08 Feb 2010 01:56:57 GMT)

Businessman found sleeping rough had hidden loan
A few days after finance company Marac's chief risk officer disappeared and was found living rough - the company's disclosed they've found a hidden loan that breaks company guidelines. (Mon, 08 Feb 2010 02:03:53 GMT)

Bad loan costs Marac $2.5m
Pyne Gould Corp's Marac finance unit will take a $2.5m hit after it turned up an irregular loan which had been arranged by a single member of staff. (Mon, 08 Feb 2010 02:27:51 GMT)

Newington council to hold hearing on refinancing bond issues
By SUSAN CORICA Correspondent (Mon, 08 Feb 2010 04:16:06 GMT)

Jury still out on home tax credit impact
New Hampshire accountants say clients who bought houses in 2009 are applying for the federal home tax credit, but it is too soon to say whether the tax credit -- or market forces -- are boosting home sales. (Mon, 08 Feb 2010 05:09:51 GMT)

Database details mortgage lenders
SPRINGFIELD - Prospective mortgage borrowers can now turn the tables and check out the financial and employment backgrounds of the people who want to give them the loan. (Mon, 08 Feb 2010 05:13:53 GMT)

Kiwibank cuts mortgage rates
State-owned Kiwibank has cut its variable mortgage rate by 14 basis points (bps) to 5.65 per cent, making it the second lowest bank variable rate behind BNZ's headline Total Money rate of 5.59 per cent.At the same time, Kiwibank... (Mon, 08 Feb 2010 05:18:07 GMT)

New mortgage company Web site
A new nationwide database shines a little more light on the mortgage industry. (Mon, 08 Feb 2010 05:19:03 GMT)

Mortgage rates rise slightly
Rates on 30-year fixed mortgages rose slightly this week, inching above 5 percent, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage was 5.01 percent this week, up from 4.98 percent last week. (Mon, 08 Feb 2010 05:30:21 GMT)

Whitney in collaborative home ownership initiative
Whitney National Bank is participating in a collaborative effort with Habitat for Humanity and the Federal Home Loan Bank of Dallas to provide homeownership opportunities to low-income households in St. Tammany Parish. (Mon, 08 Feb 2010 06:34:35 GMT)

Newington council to hold hearing on refinancing bond issues
By SUSAN CORICA Correspondent (Mon, 08 Feb 2010 09:10:56 GMT)

John Terry's 3.95million-pound home loan mystery
London, Feb 8 : English professional football player John Terry is said to have taken out a 3.95-million-pound mortgage on his 2.25-million-pound home last year. (Mon, 08 Feb 2010 09:44:48 GMT)

The Fraser Institute: Canada Should Follow Australian Model and Leave Mortgage Insurance to Private Sector
TORONTO, ONTARIO--(Marketwire - Feb. 8, 2010) - Government intervention in the mortgage insurance market is exposing Canadian taxpayers to enormous potential liabilities if Canada were to be hit with a mortgage default crisis similar to what occurred in the United States, according to a new peer-reviewed study released today by the Fraser Institute, Canada's leading public policy think-tank. (Mon, 08 Feb 2010 11:37:50 GMT)

iEmergent Announces First Quarter (Q1) Update to 2010-2014 Mortgage Volume Forecasts
DES MOINES, Iowa----iEmergent, a Des Moines, Iowa-based market research, forecasting and advisory services firm for the financial services, mortgage and real estate industries, issued a first-quarter update to its formal 2010 - 2014 Mortgage Volume Forecast that was originally released in November, 2009. (Mon, 08 Feb 2010 12:00:00 GMT)

Mortgage funds to stay in deep freeze
INVESTORS could be forced to wait up to four years to recover their money from frozen mortgage funds (Mon, 08 Feb 2010 13:00:00 GMT)

Best start for O.C. home market in 5 years
Steve Thomas at Altera Real Estate’s latest Orange County home inventory report says that demand for local homes is starting off a year at its highest level in 5 years. (Mon, 08 Feb 2010 13:12:13 GMT)

Mortgage Bankers Association Forced Into Short Sale: Today's Outrage
How bad is the mortgage crisis?It's so bad that the Mortgage Bankers Association had to sell its headquarters for less than it owes. (Mon, 08 Feb 2010 14:31:55 GMT)

Newington council to hold hearing on refinancing bond issues
By SUSAN CORICA Correspondent (Mon, 08 Feb 2010 15:10:09 GMT)

Is 'forensic mortgage analysis' legitimate?
It begins with a flyer or phone call from a company offering to review your financial documents in order to find a dramatically lower mortgage rate. But the problem is, it often is an offer that is too good to be true. (Mon, 08 Feb 2010 15:29:37 GMT)

Is 'forensic mortgage analysis' legitimate?
    SEATTLE -- It's an offer many struggling homeowners can find hard to resist. It begins with a flyer or phone call from a company offering to review your financial documents in order to find a dramatically lower mortgage rate. But the problem is, it often is an offer that is too good to be true. Richard Hagar works at American Home Appraisals and does fraud profiling for government agencies ... (Mon, 08 Feb 2010 15:32:39 GMT)

Saudi Arabia’s Mortgage Law to May Double Market Size, NCB Says
Feb. 8 (Bloomberg) -- Saudi Arabian property market may double in size by 2015 if a planned mortgage law is put into effect, NCB Capital said. “A timely implementation of the mortgage law would further support a sustained take-off in the real estate space,” chief economist Jarmo Kotilaine said in an e-mailed report today. (Mon, 08 Feb 2010 16:01:12 GMT)

'Irregular' $2.5m loan sparks Marac investigation
Missing paperwork relating to an "irregular" $2.5 million loan is at the centre of an internal investigation at Marac. Yesterday, Pyne Gould Corporation, parent company of Marac, issued a statement to the New Zealand stock exchange, revealing it had found irregularities. (Mon, 08 Feb 2010 16:01:34 GMT)

Bad loan costs Marac $2.5m
Pyne Gould Corp's Marac finance unit will take a $2.5m hit after it turned up an irregular loan which had been arranged by a single member of staff. (Mon, 08 Feb 2010 16:02:25 GMT)

'Irregular' $2.5m loan sparks Marac investigation
Missing paperwork relating to an "irregular" $2.5 million loan is at the centre of an internal investigation at Marac. (Mon, 08 Feb 2010 16:14:36 GMT)

Russia Sberbank pays $1 bln loan ahead of schedule
MOSCOW, Feb 8 (Reuters) - Sberbank , Russia's biggest lender, has redeemed a $1 billion subordinated loan ahead of schedule, the bank said on Monday. (Mon, 08 Feb 2010 16:24:54 GMT)

MNB to support forint mortgage lending with bond purchases up to HUF 100 billion
The National Bank of Hungary (MNB) on Monday announced a program to support growth on the forint-denominated mortgage loan and mortgage bond market through bond purchases up to HUF 100 billion and regulatory initiatives based on a decision by rate-setters. (Mon, 08 Feb 2010 16:55:00 GMT)

Mortgage group has mortgage trouble
If there’s any group that should be wise to the dangers of too much debt, it’s the Mortgage Bankers Association. The Wall Street Journal reports today, however, that the association took a big loss on the sale of its office building. (Mon, 08 Feb 2010 17:12:07 GMT)

(AFX UK Focus) 2010-02-08 16:40 Russia Sberbank pays $1 bln loan ahead of schedule
MOSCOW, Feb 8 (Reuters) - Sberbank, Russia's biggest lender, has redeemed a $1 billion subordinated loan ahead of schedule, the bank said on Monday. State-controlled Sberbank, home to half of Russians' deposits, has said said it had no plans to return to the external debt market in the first half of 2010 "The decision was made according to international practice... and agreed with the central ... (Mon, 08 Feb 2010 17:13:27 GMT)

Mortgage networks under the spotlight
It is difficult to get an up-to-date picture of the state of mortgage distributors’ finances as most have only recently filed their accounts for 2008 but the figures act as a useful pointer to the financial position for some networks and big distributors. (Mon, 08 Feb 2010 17:14:12 GMT)

State Street to Pay Mortgage Securities Investors $300 Million
Firm settles with the SEC over charges it misled investors about subprime mortgage investments. (Mon, 08 Feb 2010 18:14:22 GMT)

Federal Home Loan Bank of San Francisco's Board of Directors Appoints Three New Members to Affordable Housing Advisory ...
SAN FRANCISCO----The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed three new members to its Affordable Housing Advisory Council — Jasmine Borrego of TELACU; Joel Jacinto of Search to Involve Pilipino Americans ; and Dean Matsubayashi of Little Tokyo Service Center Community Development Corporation . (Mon, 08 Feb 2010 19:00:00 GMT)

William K. Barth: President Obama Should Stop Home Foreclosures
"We haven't yet found a way of dealing with this......" Assistant Treasury Secretary Herbert M. Allison Jr. on home mortgage-loan modifications Early in his term... (Mon, 08 Feb 2010 20:31:20 GMT)

Crucial Facts to Know About Refinancing Rochester Homes
Refinancing is a great alternative for mortgage payments, especially if the market agrees. Oftentimes, though, this move could potentially do more harm than good, which is why careful analysis and due diligence are important. (Mon, 08 Feb 2010 20:36:10 GMT)

State sues Woodridge mortgage company over deceptive marketing
Attorney General Lisa Madigan filed lawsuits against two mortgage brokers, accusing them of using unfair and deceptive marketing practices to solicit seniors for reverse mortgages. (Mon, 08 Feb 2010 20:58:20 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. (Mon, 08 Feb 2010 20:59:25 GMT)

Mortgage insurance won't last forever
Dear Dr. Don, I currently co-own a house, but will soon refinance so I can buy out the other party's interest in the property. We (me and the other party) have a conventional loan but I am getting an FHA loan to refinance. (Mon, 08 Feb 2010 21:12:01 GMT)

HAMP Champ: What Ever Happened to That Obama Mortgage Modification Plan?
One year ago this month, the President announced a plan to alleviate the housing crisis. So, why have so few receieved mortgage modifications to date? Mortgage - President of the United States - United States - Business - Financial Services (Mon, 08 Feb 2010 23:01:21 GMT)

Aaxa Mortgage gets second life
Video Body A Wilmington-based mortgage company will remain open, thanks to the help of a West Coast bank. Aaxa Mortgage was forced to close its doors last week after an agreement with another bank went bad. As of Friday, Aaxa's 60 employees were without jobs. Now things are looking considerably better. Aaxa CEO Greg Gianoplus managed to salvage his company over the weekend. The company will now ... (Mon, 08 Feb 2010 23:02:59 GMT)

Lawsuit accuses mortgage brokers of targeting seniors
Illinois Attorney General Lisa Madigan has filed a lawsuit against two mortgage brokers, accusing them of using deceptive marketing to solicit senior citizens for reverse mortgages. (Mon, 08 Feb 2010 23:10:05 GMT)

Bullard: Fed Should Sell Mortgage Holdings Before Hiking Rates
Bullard: Fed Should Sell Mortgage Holdings Before Hiking Rates (Mon, 08 Feb 2010 23:42:59 GMT)

West Ham striker Nouble joins West Brom on month-long loan deal
West Brom have signed West Ham striker Frank Nouble on an initial month-long loan, with the deal set to be completed when the emergency window reopens on Tuesday. (Tue, 09 Feb 2010 00:40:29 GMT)

Homeowners rent out rooms to stave off foreclosure
Reeling from the recession's one-two-three-punch of job woes, climbing mortgage payments, and evaporating equity, desperate Silicon Valley homeowners are dipping into a nearby income stream to avoid foreclosure:That bedroom just down the hall. (Tue, 09 Feb 2010 00:47:22 GMT)

Leonard Lucas of Love Funding's Boston Office Closes $3.8 Million Refinance Loan for Elderly Apartment Complex in ...
Boston, Mass., Feb. 8, 2010… Love Funding today announced that its Boston office secured a $3,829,500 refinance loan for a not-for-profit elderly apartment complex located in Trujillo Alto, Puerto Rico. Leonard Lucas, First Vice President with the national mortgage-banking firm’s Boston office, originated the transaction. (Tue, 09 Feb 2010 00:54:20 GMT)

Grim Foreclosure Numbers Spur Mortgage Reform Bills
ATLANTA - Metro Atlanta's foreclosure notices jumped a whopping 27% this month over January. That bad news is sure to spur on some state lawmakers who're trying to reform Georgia's mortgage laws and crack down on fraud. (Tue, 09 Feb 2010 01:09:16 GMT)

High-Stakes Mortgage Fraud Trial Gets Under Way in San Francisco
At the heart of a mortgage fraud trial that opened Monday in San Francisco are millions of dollars in loans that never should have been made, the lawyer for a family estate told the jury in opening statements. U.S. Bank sued on behalf of a mortgage pool to try to recover $1 million from the estate following its sale of a property. The estate, in turn, has countersued the mortgage pool and others ... (Tue, 09 Feb 2010 04:46:50 GMT)

Mortgage investors to regroup
NATIONAL HARBOR (Maryland) - THE financial wizards who concocted the complicated mortgage-linked investments that nearly brought down the world economy are trying to come back from the dead. (Tue, 09 Feb 2010 05:51:28 GMT)

Espanyol playmaker Nakamura ponders Japan loan return
Shunsuke Nakamura could be on the move from Espanyol. The Celtic hero has failed to settle in Spain and is being linked with a loan return to Japan's J-League. His agent, Roberto Tsukuda, is in Barcelona to discuss Nakamura's situation and the prospect of the midfield schemer returning home in time for next week's J-League kickoff. (Tue, 09 Feb 2010 06:04:19 GMT)

Whitney in collaborative home ownership initiative
Whitney National Bank is participating in a collaborative effort with Habitat for Humanity and the Federal Home Loan Bank of Dallas to provide homeownership opportunities to low-income households in St. Tammany Parish. (Tue, 09 Feb 2010 06:35:27 GMT)

Real Estate and Loan Modification Professionals Sponsoring Free Loan Modification Webinars
FreeModificationWebinars.com guiding homeowners through the complex loan modification process (Tue, 09 Feb 2010 07:01:00 GMT)

High-Stakes Mortgage Fraud Trial Gets Under Way in San Francisco
At the heart of a mortgage fraud trial that opened Monday in San Francisco are millions of dollars in loans that never should have been made, the lawyer for a family estate told the jury in opening statements. U.S. (Tue, 09 Feb 2010 08:02:45 GMT)

Real Estate and Loan Modification Professionals Sponsoring Free Loan Modification Webinars
FreeModificationWebinars.com guiding homeowners through the complex loan modification process (PRWeb Feb 9, 2010) Read the full story at http://www.prweb.com/releases/20 (Tue, 09 Feb 2010 08:18:37 GMT)

Mortgage Bankers Assoc. Renting Office Space
The Mortgage Bankers Association paid nearly $80 million for a building in Washington D.C. That was at the top of the market. Last week, the association agreed to sell the building for about half that. The Wall Street Journal reports that the trade group is now looking to rent office space. (Tue, 09 Feb 2010 11:04:07 GMT)

Maui home sales rise; condo deals fall 34 percent
Single-family home sales on Maui rose in January, but condominium sales and overall prices began the new year on a down note. (Tue, 09 Feb 2010 11:41:59 GMT)

Refinance can fund home improvement plans
Dear Dr. Don, My home is in need of a new roof as well as some other home improvement projects (finishing the basement and sunroom, etc). Should I refinance (my current loan is at 5.75 percent) and take out additional monies? (Tue, 09 Feb 2010 11:42:33 GMT)

OneUnited Bank Announces New Home Loan Programs for Urban Communities
BOSTON----OneUnited Bank announces the launch of new lending programs for urban communities. Its Super Smart Home Loan Program offers 30-year and 15-year fixed rate loans at great rates to provide an opportunity for customers to refinance out of undesirable home loans or obtain a mortgage to buy a new home or investment property. (Tue, 09 Feb 2010 12:00:00 GMT)

Newington council to hold hearing on refinancing bond issues
By SUSAN CORICA Correspondent (Tue, 09 Feb 2010 12:06:44 GMT)

Leading Credit Unions Choose Golden Gateway Financial Reverse Mortgage Solution to Help Their Members Age in Place
OAKLAND, CA--(Marketwire - 02/09/10) - Golden Gateway Financial, a comprehensive financial resource for seniors and retirees, today announced that it has been selected by three acknowledged innovators in the credit union industry to provide its reverse mortgage solution to their members. These new partners -- San Francisco-based Patelco Credit Union, San Diego-based USA Fed, and Grossmont ... (Tue, 09 Feb 2010 13:06:00 GMT)

Mortgage rates fall to new lows
Tracker mortgage rates fell to a record low during January. (Tue, 09 Feb 2010 13:46:19 GMT)

The Consumer Mortgage Audit Center Launches Fulfillment Division
As dropping interest rates push more Americans to refinance their mortgages, and as the FHA announces enhanced refinance guidelines to assist homeowners facing foreclosure, the Consumer Mortgage Audit Center has launched a fulfillment division to help banks and lenders handle more loan modification and refinancing requests, while reducing operating costs. (Tue, 09 Feb 2010 14:00:00 GMT)

Mortgage rates on 30-year U.S. loans fall to 5.06 percent
Mortgage rates in the U.S. fell for the second consecutive week, lowering borrowing costs for consumers and making homes more affordable. (Tue, 09 Feb 2010 14:21:17 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, 09 Feb 2010 17:15:48 GMT)

Tulsa man, Coweta woman plead guilty in mortgage conspiracy
A Tulsa man and Coweta woman have pleaded guilty in connection with a mortgage conspiracy that defrauded lenders and homeowners, a federal prosecutor announced Tuesday. (Tue, 09 Feb 2010 18:51:45 GMT)

New mortgage resource for consumers
If you're wondering whether your mortgage lender is licensed, the state Department of Financial Institutions has announced a new resource. (Tue, 09 Feb 2010 19:02:32 GMT)

40 billion rubles assigned in support to mortgage loans – Putin
MOSCOW, February 9 (Itar-Tass) -- Some 40 billion rubles have been assigned in support to mortgage loans this year, Prime Minister Vladimir Putin said on Tuesday. (Tue, 09 Feb 2010 19:45:28 GMT)

Mortgage Rates Decline; Current 30-Year Fixed Rate is 4.81%, According to Zillow Mortgage Rate Ticker
Thirty-year fixed mortgage rates on Zillow Mortgage Marketplace are currently 4.81 percent, down six basis points from 4.87 percent at this time last week. The 30-year fixed mortgage rates hovered at or below 4.80 percent for most of the past weekend and neared 4.75 percent on Monday. (Tue, 09 Feb 2010 19:55:00 GMT)

Consider FICO score before closing that credit card account
Closing a credit card account, while emotionally satisfying, could hurt your credit score. (Tue, 09 Feb 2010 20:01:28 GMT)

Home Financial Bancorp Announces Second Quarter Results
Home Financial Bancorp ("Company”) (OTCBB: HWEN), an Indiana corporation which is the holding company for Owen Community Bank, s.b., ("Bank”) based in Spencer, Indiana, announces results for the second quarter and six months ended December 31, 2009. (Tue, 09 Feb 2010 20:10:55 GMT)

Don't tighten mortgage rules, Ottawa urged
The head of ING Direct Canada, the country's sixth-largest mortgage lender, is warning Ottawa not to pull back too quickly on mortgage rules, lest that causes the very thing everyone wants to avoid – a swooning housing market. (Tue, 09 Feb 2010 20:31:15 GMT)

US Mortgage Bankers Association sells HQ at $38m loss
The White House is close to the US Mortgage Bankers Association HQ – but that was not enough to hold up it's value. Photograph: Jewel Samad/AFP/Getty Images If anyone should be capable of financin... (Tue, 09 Feb 2010 20:40:19 GMT)

3 Factors To Consider To Have A Quick Sell Of Your Tampa Real Estate Home
Selling a home is not an easy task; you will encounter a lot of difficulties and will surely take some time to successfully sell a home. Most of the time there will be a lot of negotiation that will happen and you should know how to communicate well with your prospect buyer. (Tue, 09 Feb 2010 20:53:06 GMT)

Mortgage Incentives For Texas Veterans
Austin, Texas (AP) - Texas has announced a home buyer initiative targeting veterans. The state is releasing $30 million in mortgage credit certificate authority. (Tue, 09 Feb 2010 20:56:37 GMT)

Mortgage department expands: SouthEast Bank & Trust offers larger selection of mortgage products
Pictured (from left) are Chad Nash, Leslea Cronin-Bowen, Eric Johnson, Robbin McDaniel, Stacy Woods and Daniel Atkinson of SouthEast Bank & Trust. The company recently expanded its mortgage department. (Tue, 09 Feb 2010 22:45:42 GMT)

East metro title firm owner pleads guilty to $3 million mortgage fraud
The owner of a Mahtomedi real estate company pleaded guilty today to felony charges of mortgage fraud and money laundering in connection with a scheme that diverted $3 million from his firm's escrow account for personal and other business uses including a restaurant venture. (Tue, 09 Feb 2010 23:01:21 GMT)

Loan modification report bolsters O’Malley’s case
A new report on the effectiveness of home loan modification provides insight into Maryland’s efforts to reduce foreclosures and bolsters the case for a bill endorsed by Gov. Martin O’Malley that would require lenders to enter mandatory mediation sessions with their customers. Research by Abt Associates Inc., a research company with offices in Bethesda, found [...] (Wed, 10 Feb 2010 00:04:34 GMT)

New Bill Aims To Mortgage Payments
Foreclosure is a harsh reality for thousands of Floridians these days, but a new bill could slash mortgage payment amounts. (Wed, 10 Feb 2010 00:34:42 GMT)

US Mortgage Bankers Association sells HQ at $38m loss
• Collapse in value came after subprime mortgage crisis • Mortgage Bankers Association owes lenders $34m If anyone should be capable of financing a property successfully, you would think it would be the US Mortgage Bankers Association. But the nationwide trade organisation has been obliged to sell its own headquarters at a loss of $38m (£24m) after spectacularly misjudging the value of a prime ... (Wed, 10 Feb 2010 01:03:52 GMT)

Australian Home-Loan Approvals Drop 5.5% in December (Update2)
Feb. 10 (Bloomberg) -- Australian home-loan approvals fell in December after central bank Governor Glenn Stevens raised borrowing costs for a record third month. (Wed, 10 Feb 2010 01:30:52 GMT)

Aussie Home Loan Demand Slumped Further In Dec
Click here for the full Note and disclosures. The total number of housing loan commitments issued in Australia plummeted again in December, falling 5.5%m/m as expected (J.P. Morgan: -5.5%, consensus: -5.0%), after a downwardly revised 6.1% slide in the previous month. (Wed, 10 Feb 2010 01:57:28 GMT)

Should You Stay If Your Home Is 'Underwater'?
Your home is supposed to be seen as an investment. Many rushed to buy one when the prices were skyrocketing, thinking if they didn't buy then, they'd never have the chance at owning a home. Even though you can afford your mortgage, should you stay the course or walk away? According to Experian, the number of Americans who strategically walked away, doubled between 2007 and 2008. (Wed, 10 Feb 2010 03:42:09 GMT)

Products Tied to Mortgage Bonds May Face Peril
Investors in collateralized mortgage obligations could be in for trouble if interest rates increase, causing a sharp fall in the value of these products. (Wed, 10 Feb 2010 05:18:02 GMT)

Four in 10 South Florida mortgage holders 'underwater'
Underwater homes: 40 percent of South Florida mortgage holders 'underwater' Roughly four in 10 single-family homeowners with a mortgage in South Florida owe more than the property is worth, Zillow.com said Wednesday. (Wed, 10 Feb 2010 05:22:58 GMT)

Whitney in collaborative home ownership initiative
Whitney National Bank is participating in a collaborative effort with Habitat for Humanity and the Federal Home Loan Bank of Dallas to provide homeownership opportunities to low-income households in St. Tammany Parish. (Wed, 10 Feb 2010 06:32:44 GMT)

Mortgage trouble subject of talk
CRYSTAL LAKE – Learn options that are available if you or a loved one fall behind on mortgage payments. (Wed, 10 Feb 2010 07:21:55 GMT)

Denver startup promises investors clearer, cheaper look at mortgage risk
A Denver startup is trying to revive the nation's moribund private mortgage markets by launching a product it claims will make individual loan information cheaper, cleaner and more accessible. (Wed, 10 Feb 2010 08:27:39 GMT)

Recently Discovered Flaw in Recording System Clouds Titles on Previously Foreclosed Properties
The modern system of mortgage refinancing and assignments created during the housing boom has left behind a wave of title defects on properties that have ever had a foreclosure in their history, due to a loophole in the property records recording system. This has been detected on a number of properties currently in foreclosure, and found to have been uncorrected on properties previously ... (Wed, 10 Feb 2010 09:00:00 GMT)

After The Crash, Former Mortgage Brokers Find New Meaning In New Ventures
When the housing market crashed, so did the job market for mortgage brokers. Over the last two years, Massachusetts has lost two-thirds of its registered mortgage brokers, the middlemen between lenders and home buyers. We met two people from the mortgage business who are now trying their hand at new ventures. (Wed, 10 Feb 2010 10:25:51 GMT)

RBI pulls up banks, helps home loan customers
Customers with floating interest rates must get help: RBI. (Wed, 10 Feb 2010 11:26:10 GMT)

Their View: Government needs updated model for mortgage financing
WASHINGTON - There is no end in sight to the federal bailout of Fannie Mae and Freddie Mac. President Obama's fiscal 2011 budget proposal said as much in a few phrases that promised nothing more definitive than continued "monitoring" of the two mortgage giants, which have been operating since mid-2008 in the legal and organizational limbo known as government "conservatorship." (Wed, 10 Feb 2010 11:28:31 GMT)

FBI, state warn of new mortgage scams
The economy may have had a chilling effect on many legitimate mortgage options, but the FBI and the Utah Division of Real Estate say mortgage scams are alive and well. (Wed, 10 Feb 2010 12:15:34 GMT)

Mortgage applications for home purchases fell 7%
The volume of mortgage applications filed last week fell a seasonally adjusted 1.2%, compared with the week before, due to a drop in applications for mortgages to purchase a home, the Mortgage Bankers Association reported on Wednesday. (Wed, 10 Feb 2010 12:15:40 GMT)

US weekly mortgage applications fall 1.2%
FXstreet.com (Barcelona) - Mortgage applications in the US fell 1.2% in the week ending on February 5, down from the 21% increase registered during the previous week. (Wed, 10 Feb 2010 12:16:19 GMT)

Previous 1 2 3 4 5 6 Next

---

Feb 2012 | Jan 2012 | Dec 2011 | Nov 2011 | Oct 2011 | Sep 2011 | Aug 2011 | Jul 2011 | Jun 2011 | May 2011 | Apr 2011 | Mar 2011 | Feb 2011 | Jan 2011 | Dec 2010 | Nov 2010 | Oct 2010 | Sep 2010 | Aug 2010 | Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010 | Feb 2010 | Jan 2010 | Dec 2009 | Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 2008 | Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006

online health insurance | realtor | vehicle donation information | long term elder care | pet loss site | skin care | find alternative medicine | here | gift | nightlife guide | online loan finder | cars | real estate builder | wedding service directory | cool UK site | click here | directory of realtors | security home | plastic surgery site | Bankruptcy Guide | accounting site | buy insurance | addiction treatment centers | mortgages | car rental site