Dropouts plague feds' mortgage-aid plan The government's mortgage relief plan has helped only about 12 percent of borrowers who signed up since President Obama announced the program a year ago. (Fri, 19 Feb 2010 10:31:11 GMT)
Mortgage lending takes dive as house sales drop Mortgage lending dived to a 10-year low during January as the housing market suffered a lull following the end of the Government’s stamp duty holiday, figures showed yesterday. Related Stories NITB hails success of ‘Explore more’ campaign Department cuts grant to jobless support service Manufacturers make most of ‘subdued’ growth in demand Jobs boost as windfarm plan is given green light Low tax ... (Fri, 19 Feb 2010 10:35:56 GMT)
Mortgage lending takes dive as house sales drop Mortgage lending dived to a 10-year low during January as the housing market suffered a lull following the end of the Government’s stamp duty holiday, figures showed yesterday. Related Stories Toyota chairman set for testing time in US Manufacturers make most of ‘subdued’ growth in demand Scrappage incentive boosts car production Low tax take causes Darling winter blues Jobs boost as windfarm ... (Fri, 19 Feb 2010 10:40:08 GMT)
Mortgage options vary for mobile home Financing a mobile home has its challenges, but various mortgage options do exist. (Fri, 19 Feb 2010 11:00:00 GMT)
Five sentenced in mortgage fraud Two Huntington Beach residents were sentenced to federal prison Wednesday for involvement in a $13-million mortgage fraud case that targeted homeowners in default. (Fri, 19 Feb 2010 11:28:13 GMT)
Teaser home loans: Here today, gone tomorrow! Teaser home loans carry attractive interest rates and discount offers during the initial phase of the loan. After a specified time period, they relapse back to the then prevailing interest rates. (Fri, 19 Feb 2010 11:41:01 GMT)
Mortgage options vary for mobile home Dear Dr. Don, I am trying to get a mortgage on a double-wide mobile home located by a lake. This is a vacation home and not a primary residence. It has a half-acre lot with it and is weatherized to be a year-round home. (Fri, 19 Feb 2010 11:42:59 GMT)
Is it time to give up your adjustable-rate loan? Low mortgage rates over the past year have inspired many Americans to refinance their home loans, but some eligible borrowers haven’t made the leap. Often, that's because they have an adjustable-rate loan with an even lower rate than is currently available for a fixed-rate mortgage. (Fri, 19 Feb 2010 15:16:00 GMT)
Is the mortgage market starting to heal? The mortgage market may have begun to turn: Fewer borrowers fell behind on their payments during the last three months of 2009. (Fri, 19 Feb 2010 15:17:04 GMT)
Mortgage delinquencies, foreclosure starts drop CHICAGO (MarketWatch) -- The rate of mortgage delinquencies and mortgages that entered the foreclosure process both dropped in the fourth quarter, possible signs that the foreclosure crisis that has gripped many of the nation's housing markets is starting to ease, the Mortgage Bankers Association's chief economist said on Friday. The delinquency rate for mortgages on one- to four-unit ... (Fri, 19 Feb 2010 15:23:04 GMT)
Mortgage Delinquencies, Foreclosure Starts Drop Mortgage Delinquencies, Foreclosure Starts Drop (Fri, 19 Feb 2010 15:25:07 GMT)
MBA Says Delinquency Rate for Mortgage Loans Fell to 9.47% Feb. 19 (Bloomberg) -- The delinquency rate for mortgage loans on one-to-four unit residential properties fell to a seasonally adjusted rate of 9.47 percent of all loans outstanding as of the end of the fourth quarter of 2009, down 17 basis points from the third quarter, and up 159 basis points from one year ago, according to the Mortgage Bankers Association’s National Delinquency Survey. (Fri, 19 Feb 2010 15:26:05 GMT)
Fewer people were late on 4Q mortgage payments The mortgage delinquency rate fell to 9.47% in the fourth quarter and the number of those just 30 days behind took a rare tumble, leading the Mortgage Bankers Association chief economist to predict the end is near for the nation's foreclosure crisis. (Fri, 19 Feb 2010 16:55:53 GMT)
Nolan joins Sheffield Wednesday on loan Sheffield Wednesday have landed Republic of Ireland international defender Eddie Nolan on loan until the end of the season. The Preston player, who was signed by Owls boss Alan Irvine when he was in charge at North Eng in 2008, will go straight into the squad for Saturday's home clash with Ipswich. (Fri, 19 Feb 2010 17:30:44 GMT)
Mortgage delinquencies fall, trade group says Fewer home loans are going bad these days, the Mortgage Bankers Assn. said Friday in its quarterly delinquency report. Calling the finding surprising, the trade group interpreted it as a signal that the housing markets are healing. (Fri, 19 Feb 2010 18:07:59 GMT)
Watch Out For Junk Mortgage Fees So many fees are tacked on to a mortgage, that it's easy to pay more than you have to. (Fri, 19 Feb 2010 18:26:30 GMT)
Fewer people missed payment in Q4, mortgage bankers say The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis may be beginning to ebb. (Fri, 19 Feb 2010 18:37:27 GMT)
U.S. Mortgage Foreclosures Rose in Fourth Quarter (Update1) Feb. 19 (Bloomberg) -- A record number of Americans were in danger of losing their homes in the fourth quarter, even as new delinquencies declined, the Mortgage Bankers Association said. (Fri, 19 Feb 2010 19:44:12 GMT)
Foreclosure Rescue Scams and Mortgage Fraud Keep Rising Filed under: News , Housing , Mortgage , Lynnette Khalfani-Cox The Financial Crimes Enforcement Network (FinCEN) , a division of the U.S. Treasury, has issued a new study showing that mortgage fraud in America is up once again, particularly foreclosure rescue schemes. Officials from FinCEN, as the division is known, say that loan modification con-men or shady foreclosure specialists most often ... (Fri, 19 Feb 2010 19:59:54 GMT)
Mortgage rates on 30-year U.S. loans fall to 4.93 percent U.S. mortgage rates fell to a two- month low, spurred by a Federal Reserve program to support home sales by lower borrowing costs. (Fri, 19 Feb 2010 20:13:30 GMT)
U.S. mortgage foreclosures rose in fourth quarter Weston attorney Kraig Weiss and his wife, Ana, are living what they call a ``loan modification horror story.'' Earlier this year, the Weisses agreed to a loan modification with Bank of America, only ... (Fri, 19 Feb 2010 20:32:06 GMT)
30-year-loan rates dip to 4.93 percent Rates for 30-year home loans edged lower for the second straight week, mortgage finance company Freddie Mac said Thursday, but they remained above last year's record lows. (Fri, 19 Feb 2010 23:20:46 GMT)
Securing a 1098 form when your mortgage lender shuts down Q: Taylor, Bean & Whitaker serviced my mortgage until it was shut down last year. Will I get the end-of-year 1098 tax form from it? (Fri, 19 Feb 2010 23:40:53 GMT)
Fewer homeowners falling behind on mortgage payments Delinquency rate at the end of December falls to a seasonally adjusted rate of 9.47% from 9.64% in the third quarter, according to a mortgage bankers group. But troubles are not over, experts say. The clouds may be starting to lift, ever so slightly, for the beleaguered housing market. (Sat, 20 Feb 2010 00:52:59 GMT)
Obama unveils mortgage plan to help California, 4 other states In Nevada, the president touts a $1.5-billion program designed to help people in danger of foreclosure. He also talks up beleaguered Sen. Harry Reid. Standing in the heart of the nation's hard-hit foreclosure country, President Obama on Friday rolled out a $1.5-billion mortgage program meant for a handful of states, including California and Nevada, that have endured waves of home foreclosures ... (Sat, 20 Feb 2010 00:54:40 GMT)
Refinancing unavailable for many borrowers Refinance activity has dropped 60 percent from its peak in the spring. (Sat, 20 Feb 2010 01:17:09 GMT)
Report: Home-loan burden lightens WASHINGTON — The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb. (Sat, 20 Feb 2010 02:10:09 GMT)
Obama, Reid team up to tout mortgage aid, health plan Obama, Reid team up to tout mortgage aid, health plan (Sat, 20 Feb 2010 03:49:27 GMT)
Starwatch Consumer | Mortgage delinquencies decline, but more credit card payments fall behind Missed home payments Borrowers fell behind at a slightly slower rate late last year, but the overall number of homeowners in some form of financial distress remained at record levels, according to industry data released Friday. The Mortgage Bankers Association survey found a surprising decline in the number of borrowers who had missed just one mortgage payment, the initial stage of delinquency ... (Sat, 20 Feb 2010 04:20:14 GMT)
How credit scores impact your mortgage rate Interest paid on a mortgage can add up to hundreds of thousands of dollars over the life of the loan. (Sat, 20 Feb 2010 05:36:11 GMT)
Federal stimulus dollars boost rural home loan program Amber Young is grateful for a government loan program for homes in rural areas. (Sat, 20 Feb 2010 08:15:19 GMT)
Don't worry, home loan rules can still be bent The good news or bad news, depending on your perspective, is you can still buy a home in Canada with almost no money. Really, you say? If you have a job with steady income, you need about $16,000... (Sat, 20 Feb 2010 08:22:07 GMT)
Rate of borrowers behind on mortgage dips Borrowers fell behind at a slightly slower rate late last year, but the overall number of homeowners in some form of financial distress remained at record levels, according to industry data released Friday. The Mortgage Bankers Association survey found a... Mortgage - Mortgage Bankers Association - Business - Financial Services - United States (Sat, 20 Feb 2010 08:31:19 GMT)
Home and real estate seminars BCB's Home Fair Expo is coming up. In addition, learn about buying a home, getting a loan for home improvements or becoming a real estate agent. (Sat, 20 Feb 2010 10:06:05 GMT)
US home loan default on the decline The number of American borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb. (Sat, 20 Feb 2010 11:27:51 GMT)
US home loan default waning The number of American borrowers falling behind on their mortgage payments dropped sharply at the end of 09. (Sat, 20 Feb 2010 11:54:55 GMT)
Mortgage relief funds headed to California Targeting California and the four other states hardest hit by the housing crisis, President Obama on Friday offered a $1.5 billion "innovation fund" to devise solutions for homeowners struggling against foreclosure. "What we can do is help families that have... (Sat, 20 Feb 2010 14:14:17 GMT)
Mortgage lending falls to 10-year low After a December rush due to the stamp duty holiday, January's gross lending was 21% down on the same time last year Mortgage lending fell to a 10-year low in January, figures from the Council of Mortgage Lenders (CML) showed today. Gross lending fell to an estimated £9.1bn during the month, a 32% fall on December's figure and 21% lower than in January last year. Although a drop is expected at ... (Sat, 20 Feb 2010 14:27:36 GMT)
Loosen credit, please, but don’t be ridiculous Looking for signs of thawing in the commercial credit markets?Here’s one as clear as a big, melting icicle whacking you upside the head.They’re offering to lend ME money. One bank is anyway — with exclamation points, no less!"Dear Mr. Mize: Are you or your clients looking to build, purchase or refinance an owner-occupied commercial building? (...) Bank is currently offering historically low ... (Sat, 20 Feb 2010 14:45:41 GMT)
Fewer People Late Paying Mortgage DAVID STREITFELD Mortgage Bankers called the fourth quarter a crucial turning point for housing. Still, the percentage of loans in foreclosure rose. (Sat, 20 Feb 2010 16:33:48 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, 20 Feb 2010 18:04:21 GMT)
Mortgage option may help lender, borrower One of the strategies mortgage borrowers and lenders should consider when a borrower can no longer make payments on a mortgage loan (or chooses not to make payments because the value of the home is less than the amount owed on the loan) is a deed in... (Sat, 20 Feb 2010 21:41:58 GMT)
Government to take 20 percent stake in Mortgage Refinance Company for housing: Raza KARACHI (February 21 2010): The Federal government has agreed to take 20 percent stake in the proposed Mortgage Refinance Company (MRC)-a joint initiative of State Bank of Pakistan (SBP) and the International Finance Corporation (IFC) of the World Bank (WB). This was stated on Saturday by SBP Governor Salim Raza at a conference on 'Housing Finance', organised by the Association of Builders and ... (Sat, 20 Feb 2010 23:05:22 GMT)
The Motley Fool: Every Sunday, useful tips on investing Q: Is it too late for me to refinance my mortgage? A: Rates have inched up recently, but they're still very low, historically speaking. (Sun, 21 Feb 2010 06:08:30 GMT)
Gov't mortgage plan aids 12 percent of borrowers WASHINGTON — The government’s mortgage relief plan has helped only about 12 percent of borrowers who signed up since President Barack Obama announced the program a year ago. (Sun, 21 Feb 2010 06:39:37 GMT)
OneWest Bank accused of pushing home loan borrowers into foreclosure Nineteen months after the catastrophic failure of one of Sacramento's top lenders, Pasadena-based IndyMac Bank, a flurry of local lawsuits alleges that the bank's successor – OneWest Bank – is systematically working to push home loan borrowers into foreclosure. (Sun, 21 Feb 2010 06:46:28 GMT)
Adding beau to mortgage doesn't make him first-time buyer Q: In January 2009, I was scrambling to refinance my house because my interest rate was sky-high. At that time, I wanted to add my boyfriend to the loan and did so. He has never owned a home, so when we signed the papers, he went through a closing for the first time. (Sun, 21 Feb 2010 07:24:08 GMT)
Federal stimulus dollars boost rural home loan program Amber Young is grateful for a government loan program for homes in rural areas. (Sun, 21 Feb 2010 07:59:02 GMT)
Mortgage rates slip 2nd week; at 4.93% Rates for 30-year home loans edged lower for the second straight week, according to a report released Thursday, but remained above last year's record lows. The average rate on a 30-year fixed rate mortgage was 4.93 percent last week, down from 4.97 percent a week earlier, mortgage finance company Freddie Mac said. (Sun, 21 Feb 2010 08:06:56 GMT)
Just approved: David Cary Each week, The Chronicle talks with Bay Area lenders and brokers about which home loans are getting done. Mortgage broker: David Cary, Cary Financial, Sausalito Property type: Four-bedroom, three bath in San Rafael Appraised value: $565,000 Loan amount: $... (Sun, 21 Feb 2010 08:33:34 GMT)
Visionary Homes teams with Ocwen to assist customers behind on mortgage Visionary Home Builders, a local non-profit HUD Approved Housing Counseling Agency has partnered with the Ocwen loan servicing company to help Ocwen customers who are behind on their mortgage. (Sun, 21 Feb 2010 09:05:44 GMT)
Mortgage program facing dismal reality The new president climbed aboard Air Force One a year ago for a trip to Phoenix to reveal his strategy for attacking the housing crisis -- a signal moment in the buoyant early days of Barack Obama's administration. (Sun, 21 Feb 2010 09:11:32 GMT)
Refinancing passes over many homeowners The refinancing wave that swept the nation when mortgage rates hit historic lows last year is petering out, leaving behind millions of homeowners who could not qualify for the best rates. (Sun, 21 Feb 2010 09:50:59 GMT)
Report: Home-loan burden lightens WASHINGTON — The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb. (Sun, 21 Feb 2010 09:56:18 GMT)
ANZ makes grab for home loans ANZ Bank has embarked on an aggressive play for a bigger slice of Australia's $1.2 trillion home loan market. (Sun, 21 Feb 2010 10:16:01 GMT)
Moreno at home at Wigan Athletic Marcelo Moreno insists he feels at home at Wigan Athletic Football Club. The Bolivian international striker is on loan at the Latics following a disappointing spell in the Ukraine with Shakhtar Donetsk, and he is immediately feeling at home in England. (Sun, 21 Feb 2010 10:43:17 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, 21 Feb 2010 12:04:24 GMT)
Housing funds available from USDA Rural Development loan program funded at highest level in 15 years Kansas USDA Rural Development is seeking applications from residents who qualify for the agency's Single Family Housing Direct Loan Program. The program provides home purchase financing, repairs, and refinancing provisions for lower income families. (Sun, 21 Feb 2010 12:46:59 GMT)
A year later, reality sets in on housing - Sun, 21 Feb 2010 PST WASHINGTON — The new president climbed aboard Air Force One a year ago for a trip to Phoenix to reveal his strategy for attacking the housing crisis. It was a signal moment in the buoyant early days of Barack Obama’s administration. The plan, Obama told a cheering audience of high school students, would keep as many as 9 million people in their homes by lowering their monthly mortgage payments ... (Sun, 21 Feb 2010 16:20:47 GMT)
Mortgage-delinquency rate sets record in 4th quarter NEW YORK (AP)--The percentage of homeowners late with mortgage payments hit another record during the last three months of 2009, and the pace at which they fell behind took a turn for the worse, a new report says. (Sun, 21 Feb 2010 17:20:09 GMT)
ANZ makes grab for home loans ANZ Bank has embarked on an aggressive play for a bigger slice of Australia's $1.2 trillion home loan market under its new retail banking chief, Phil Chronican. (Sun, 21 Feb 2010 20:36:29 GMT)
Don't worry, home loan rules can still be bent The good news or bad news, depending on your perspective, is you can still buy a home in Canada with almost no money. Really, you say? If you have a job with steady income, you need about $16,000... (Sun, 21 Feb 2010 22:51:21 GMT)
Mortgage rules aim to protect people, not the housing market others also read... Though they could exclude some people from the homebuyers’ market, new rules on mortgages will protect residents of Greater Victoria. (Sun, 21 Feb 2010 23:26:58 GMT)
A tale of 2 citizens mired in mortgage upheaval Jim Townsend is a retired Philadelphia sanitation worker with a decent pension and a love of the Jersey Shore, where he bought a home for his retirement. (Sun, 21 Feb 2010 23:33:00 GMT)
Will tougher loan terms end collective home buying? The Bank of Israel has come up with a decision that will make it harder for people who belong to a purchasing group to obtain loans. (Mon, 22 Feb 2010 00:49:22 GMT)
VA home loan guidelines include 100 percent financing As the economy rebounds and more veterans think about a new home purchase, many will consider a home loan whose eligibility guidelines are determined by the U.S. Department of Veterans Affairs . (Mon, 22 Feb 2010 02:32:06 GMT)
Saudi mortgage law to usher in new financing boom 22 February 2010 JEDDAH: The Saudi mortgage law, which has been in planning stages for almost a decade, is likely to be passed in a few months from now. The implementation of the mortgage law is expected to drive Saudi housing demand and prices as more people access the market. (Mon, 22 Feb 2010 04:35:33 GMT)
Celtic get the yips at home Celtic boss Tony Mowbray admits his team often have to overcome their own anxiety as much as the opposition at Parkhead.
