AIB reluctant to take on mortgage switchers AIB says it is 'less inclined' to approve loans to mortgage switchers, saying that is more interested in lending to first-time buyers and purchasers instead. (Wed, 24 Feb 2010 10:56:52 GMT)
Can you pay a mortgage with a 529 plan? Dear College Money Guru, Can I use a mortgage payment for student housing expense as a 529 plan expense? I would like to purchase a condo near campus for my out-of-state student and pay the mortgage with 529 savings. (Wed, 24 Feb 2010 11:42:40 GMT)
Mortgage Choice H1 profit up Mortgage Choice says its outlook has been affected by home prices growing by less than in calendar 2009, tight lending, 'single-digit' credit growth, rising interest rates, and the return of investors to the property market. (Wed, 24 Feb 2010 11:50:43 GMT)
Home purchase loan demand at lowest since 1997 U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighed, data from an industry group showed on Wednesday. (Wed, 24 Feb 2010 12:17:55 GMT)
Builders bullish despite mortgage pain The housebuilding sector is emerging from the doldrums of 2009, but a raft of results on Wednesday showed that any rebound will be muted by the uncertainty of the macroeconomic picture and weakness in mortgage approvals. (Wed, 24 Feb 2010 12:25:00 GMT)
U.S. MBA Mortgage Applications Index Decreased 8.5% Last Week Feb. 24 (Bloomberg) -- Mortgage applications in the U.S. fell for a third consecutive week as demand for loans to purchase homes and refinance declined. (Wed, 24 Feb 2010 12:31:02 GMT)
Jumbo mortgage market is beginning to thaw The meltdown sent interest rates soaring and availability shrinking, but rates are declining and lenders are more willing to make loans that top the limits for Freddie Mac, Fannie Mae and the FHA. Phil Kelly had 18 more months to go before the fixed rate on his $2.5-million mortgage became adjustable. (Wed, 24 Feb 2010 12:43:14 GMT)
Mortgage loans by Leumi Mortgage Bank reach NIS 9b Leumi Mortgage Bank's capital adequacy ratio, was 9.66% at the end of 2009 under Basel I guidelines, and 16.32% under Basel II. (Wed, 24 Feb 2010 12:48:31 GMT)
UK builders bullish despite mortgage pain The UK's housebuilding sector is emerging from the doldrums of 2009, but a raft of results today showed that any rebound will be muted by the uncertainty of the macroeconomic picture and weakness in mortgage approvals. (Wed, 24 Feb 2010 12:56:55 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. (Wed, 24 Feb 2010 12:57:42 GMT)
Prison, payback in Va. mortgage scheme NORFOLK, Va. (AP) — A Virginia Beach man has been sentenced to five years in prison and ordered to pay $1.1 million in restitution after pleading guilty to wire fraud in a mortgage scheme. The government says 44-year-old Wayne Marlon Benedic Lezama was sentenced Tuesday in U.S. District Court in Norfolk. He entered his guilty plea in November. According to court documents, Lezama was involved in ... (Wed, 24 Feb 2010 13:02:23 GMT)
U.S. MBA Mortgage Applications Index Decreased 8.5% Last Week Feb. 24 (Bloomberg) -- Mortgage applications in the U.S. fell for a third consecutive week as demand for loans to purchase homes and refinance declined. (Wed, 24 Feb 2010 13:22:34 GMT)
Skipton defends mortgage rates Skipton Building Society denies wrongdoing after breaking a pledge not to raise mortgage rates to more than 3% above the Bank of England base rate. (Wed, 24 Feb 2010 14:01:17 GMT)
Prison, payback in Virginia mortgage scheme A Virginia Beach man has been sentenced to five years in prison and ordered to pay $1.1 million in restitution after pleading guilty to wire fraud in a mortgage scheme. (Wed, 24 Feb 2010 15:11:57 GMT)
Home Purchase Loan Demand at Lowest Since 1997 NEW YORK--By Julie Haviv (Reuters) - U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighe... (Wed, 24 Feb 2010 15:37:52 GMT)
Mortgage Choice tips property investors' return The gradual return of competition to the home loan market and the surge in lending late last year have helped Mortgage Choice to a 22 per cent profit increase. (Wed, 24 Feb 2010 16:08:54 GMT)
Mortgage activity fell in week WASHINGTON, Feb. 24 (UPI) -- The volume of applications for U.S. mortgages dropped slightly in the week ending Feb. 19 on a seasonally adjusted basis, an industry group said Wednesday. (Wed, 24 Feb 2010 17:04:29 GMT)
Mortgage Choice H1 profit up Mortgage Choice says its outlook has been affected by home prices growing by less than in calendar 2009. (Wed, 24 Feb 2010 17:25:23 GMT)
Mortgage rates tick higher The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.84 percent, up five basis points from 4.79 percent compared to this same time last week.The 30-year fixed mortgage peaked during the weekend at 4.95 percent the highest rates have been in 30 days. ... (Wed, 24 Feb 2010 17:36:08 GMT)
Freddie Mac loses $7.8B in 4Q, may need more taxpayer cash Freddie Mac lost $7.8 billion in the final three months of last year, but the mortgage finance company didn't need a federal cash infusion for the third quarter in a row. (Wed, 24 Feb 2010 18:06:47 GMT)
Local lawyer charged in $1 million mortgage fraud scheme NORFOLK A local lawyer has been charged in federal court with wire fraud in what authorities allege was a $1 million mortgage fraud scheme. Stephen M. Gunther, who lives in Hertford, N.C., but has his law office off Princess Anne Road in Virginia Beach, is accused of failing to identify third parties involved in four home sales in 2006. (Wed, 24 Feb 2010 18:52:50 GMT)
First US mortgage fraud summit held in Miami Associated Press - February 24, 2010 2:04 PM ET MIAMI (AP) - The first national summit on tackling mortgage fraud is taking place in Miami, 1 of the epicenters of the mortgage fraud... (Wed, 24 Feb 2010 19:17:12 GMT)
Court: No fraud in refi to a higher rate They reportedly received an unsolicited call from a mortgage broker who claimed he was from Bank of America and could refinance their loans into a lower monthly payment. (Wed, 24 Feb 2010 19:40:17 GMT)
Freddie Mac's losses keep mounting, but mortgage giant avoids requesting more taxpayer aid WASHINGTON - Freddie Mac lost almost $26 billion last year, ominous news for taxpayers who are footing the bill to rescue the mortgage finance company and its sibling Fannie Mae. (Wed, 24 Feb 2010 20:01:00 GMT)
Mortgage Rates May Not Rise Much When Fed Support Ends Mortgage rates, which many feared would rise sharply when the Fed stops propping up the market at the end of March, may actually not budge much at all, analysts say (Wed, 24 Feb 2010 20:24:25 GMT)
Mortgage Rates Decline; Current 30-Year Fixed Rate is 4.84% RISMEDIA, February 25, 2010—The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.84%, up five basis points from 4.79% compared to this same time last week. The 30-year fixed mortgage peaked over the weekend at 4.95%–the highest rates have… (Wed, 24 Feb 2010 20:49:18 GMT)
Western Asset Mortgage raises $218.5M in IPO Western Asset Mortgage Defined Opportunity Fund Inc., a closed-end fund that invests in mortgage-backed securities, said Wednesday it raised $218.5 million in an initial public offering. (Wed, 24 Feb 2010 21:47:59 GMT)
Roswell Bank Exec Appointed to Federal Home Loan Bank of Dallas Board ROSWELL, N.M. -- The Federal Home Loan Bank of Dallas is pleased to announce the appointment of Ron G. Wiser to the Bank's Board of Directors. Mr. Wiser was appointed on January 15, 2010 to fill an unexpired term that will expire on December 31, 2010. (Wed, 24 Feb 2010 22:04:59 GMT)
Free seminar Saturday tackles Hawaii homeowner issues Coldwell Banker Pacific Properties is hosting a free seminar Saturday on President Obama's financial stability plan, explaining how it will allow people to modify their current mortgage, which could push homeowners' interest rates to as low as 2 percent, or refinance even though the values of their home have declined. (Wed, 24 Feb 2010 22:23:10 GMT)
MBA: Mortgage purchase applications hit lowest level since 1997 FRONT PORCH BLOG: A Mortgage Bankers Association exec says: "With home prices continuing to drift amid an abundant inventory of homes on the market, potential homebuyers do not see any urgency to lock in purchases." (Wed, 24 Feb 2010 22:57:28 GMT)
Refinance Your Mortgage: How Much Could You Save? Asks Informa Research Services CALABASAS, Calif.----According to Informa Research Services, a subsidiary of Informa plc , the national average rate on a 30-year fixed mortgage loan remains steady at a scant 5.18%. (Thu, 25 Feb 2010 00:03:00 GMT)
Mortgage servicers offer aid plan for jobless The Mortgage Bankers Association proposed a forbearance program Wednesday aimed at helping the unemployed pay their mortgages for up to nine months. (Thu, 25 Feb 2010 01:49:42 GMT)
Mortgage fraud task force comes to Miami The Financial Fraud Enforcement Task Force kicked off the first of its mortgage-fraud summits Wednesday in the epicenter of the nation's mortgage-fraud crisis and pledged to begin finding solutions. (Thu, 25 Feb 2010 02:24:15 GMT)
Report: 22 percent of Hampton Roads homes with mortgage are "underwater" About 22 percent of Hampton Roads homeowners with a mortgage owe more on their homes than they're worth, according to a new report. (Thu, 25 Feb 2010 03:37:03 GMT)
Mortgage Modification Marathon Held In Palm Beach A marathon is being held this week at the Palm Beach County Convention Center, but the only ones you'll see running will be the homeowners on the brink of foreclosing on their homes. (Thu, 25 Feb 2010 04:22:03 GMT)
New-Home Sales Plunged To Record Low in January The January plunge in purchases, along with a 12-year low in mortgage applications last week, cast a continued pall over the housing market. (Thu, 25 Feb 2010 04:57:16 GMT)
Refinancing advice Vivian Gaspar, left, spoke to the Rotary Club of Belleville at a recent luncheon meeting about mortgage modification. She is pictured with Rotary President Pat Colligan. (Thu, 25 Feb 2010 06:32:34 GMT)
Federal stimulus dollars boost rural home loan program Amber Young is grateful for a government loan program for homes in rural areas. (Thu, 25 Feb 2010 09:52:54 GMT)
Mortgage rates climb Mortgage rates climbed this week, just as experts predicted. Is this the end of low interest rates? (Thu, 25 Feb 2010 11:00:00 GMT)
Mortgage qualifying rules are changing Gary Meger says it may be in your best interest to talk to your mortgage advisor now about future changes to CMHC lending requirements. (Thu, 25 Feb 2010 11:18:10 GMT)
Mortgage rates climb Mortgage rates crept higher this week. The benchmark 30-year fixed-rate mortgage climbed 4 basis points this week, to 5.15 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. (Thu, 25 Feb 2010 11:42:00 GMT)
How to use the mortgage calculator Bankrate's mortgage calculator will help you determine your monthly payments. (Thu, 25 Feb 2010 11:43:10 GMT)
Walking away from mortgage has adverse consequences I saw a news story recently that dealt with foreclosures, restructuring mortgages and people walking away from their homes. A couple, whose mortgage was substantially higher than the value of their home, elected to walk away from the home instead of working with the mortgage company. (Thu, 25 Feb 2010 12:29:54 GMT)
Officials Eye Lower Mortgage Rates Driven down by looser monetary policy from the Central Bank, mortgage rates have fallen more than 4 percentage points from their high during the crisis, but government officials are fighting a public campaign for the rates to decline even lower. (Thu, 25 Feb 2010 12:50:20 GMT)
Bank of Scotland tops FOS mortgage complaints The top 10 lenders with the most mortgage complaints against them were: Bank of Scotland, Barclays Bank, Santander, Cheltenham & Gloucester, Northern Rock, Nationwide, NatWest, Alliance & Leicester, HSBC and Mortgage Express. (Thu, 25 Feb 2010 12:50:40 GMT)
American Residential Law Group Announces Expanded Home Loan Modification Options for Homeowners Underwater FORT LAUDERDALE, FL--(Marketwire - 02/25/10) - American Residential Law Group has announced a wider range of options available for homeowners facing an underwater home mortgage. Home loan modification choices can provide financial relief and the opportunity to avoid foreclosure. With the economy still in turmoil and jobs not picking up, more and more homeowners are finding that their ability to ... (Thu, 25 Feb 2010 15:35:00 GMT)
American Residential Law Group Announces Expanded Home Loan Modification Options for Homeowners Underwater American Residential Law Group Has Today Announced New Options Available for Homeowners Who Find Themselves Facing an Underwater Home Mortgage Through Home Loan Modification (Thu, 25 Feb 2010 15:49:13 GMT)
30-year mortgage rates top 5 percent WASHINGTON, Feb. 25 (UPI) -- Average interest rates for 30-year fixed-rate mortgages topped 5 percent in the week ending Feb. 25, the Federal Home Loan Mortgage Corp. said Thursday. (Thu, 25 Feb 2010 15:49:21 GMT)
Mortgage Rates on 30-Year U.S. Loans Rise to 5.05% (Update2) Feb. 25 (Bloomberg) -- U.S. mortgage rates climbed for the first time in three weeks, increasing borrowing costs as new home sales slumped to the lowest level on record. (Thu, 25 Feb 2010 16:02:44 GMT)
A look at the latest Mortgage Bankers Association data Mortgage Bankers Association data provides information on the demand side of residential real estate for both new and existing home purchases. (Thu, 25 Feb 2010 16:29:31 GMT)
Mortgage rates rise to 5.05% Mortgage rates climbed for the first time in three weeks, increasing borrowing costs as new home sales slumped to the lowest level on record. (Thu, 25 Feb 2010 16:29:37 GMT)
Mortgage Workshop Designed To Help Homeowners There's a marathon taking place this weekend at the Palm Beach County Convention Center, but the only ones you'll see running will be homeowners on the brink of foreclosure. That because the Neighborhood Assistance Corporation of American, or NACA, opens its 14th mortgage modification road show on Friday morning. (Thu, 25 Feb 2010 16:59:00 GMT)
11.3 million homeowners underwater on mortgage WASHINGTON — More than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan than their home is now worth, according to a report released Tuesday by FirstAmerican CoreLogic. (Thu, 25 Feb 2010 17:29:30 GMT)
30-year Fixed-rate Mortgage Rises SAN FRANCISCO -- Freddie Mac said Thursday the 30-year fixed-rate mortgage average rose from the previous week to 5.05% with an average 0.7 point for the week ending Feb. 25. In the previous period, ... (Thu, 25 Feb 2010 17:39:20 GMT)
BB&T Mortgage sees record refinancing activity in 2009 SALEM, N.C., Feb. 25 /PRNewswire-FirstCall/ -- At a time when mortgage clients need it most, BB&T Corporation's retail mortgage operation is helping current and potential homeowners with their mortgage financing needs. (Thu, 25 Feb 2010 17:41:00 GMT)
Republican lawmakers blast Obama administration's mortgage relief effort WASHINGTON - Republicans are taking aim at the Obama administration's struggling mortgage assistance program. They argue the effort is making the economic crisis worse and say many homeowners would be better off as renters. (Thu, 25 Feb 2010 18:31:44 GMT)
Home loan refinancing available to veterans with subprime loans Veterans with conventional home loans now have new options for refinancing to a loan guaranteed by the Department of Veterans Affairs, according to a news release. These new options are available as a result of the Veterans’ Benefits Improvement Act of 2008, which President Bush signed into law on Oct. 10. (Thu, 25 Feb 2010 20:07:30 GMT)
Obama May Prohibit Home-Loan Foreclosures Without HAMP Review The Obama administration may expand efforts to ease the housing crisis by banning all foreclosures on home loans unless they have been screened and rejected by the government’s Home Affordable Modification Program. (Thu, 25 Feb 2010 20:19:02 GMT)
11.3 Million Homeowners Underwater on Mortgage RISMEDIA, February 26, 2010—(MCT)—More than 11.3 million homeowners—nearly one-fourth of all Americans with a mortgage—owe more on their loan than their home is now worth, according to a report recently released by FirstAmerican CoreLogic. More than 10% of people with mortgages… (Thu, 25 Feb 2010 21:04:14 GMT)
30-year mortgage rates rise above 5% The average interest rate offered by lenders on 30-year fixed-rate home loans rose this week, topping 5% for the first time in three weeks, Freddie Mac said Thursday. (Thu, 25 Feb 2010 21:13:49 GMT)
Federal fraud task force kicks off mortgage fraud summit in South Florida Panel created by Obama to combat financial crimes The Financial Fraud Enforcement Task Force kicked off its first mortgage-fraud summits this week in the epicenter of the nation's mortgage-fraud crisis and pledged to begin finding solutions. (Thu, 25 Feb 2010 21:38:29 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, 25 Feb 2010 22:13:58 GMT)
Mortgage Save-a-Thon begins Let the mortgage savings begin, the 24 hour Save-a-Thon is underway. It could mean big savings for homeowners at risk of foreclosure. (Thu, 25 Feb 2010 23:09:48 GMT)
New Zealand’s Home-Building Approvals Declined 2.8% (Update1) Feb. 26 (Bloomberg) -- New Zealand’s home-building approvals fell for a second month in January, adding to signs that higher home-loan interest rates may curb demand for property. (Thu, 25 Feb 2010 23:25:25 GMT)
Mortgage-modification seminar offers hope to hundreds of homeowners Neighborhood Assistance Corp. of America event matches borrowers with lenders Troubled homeowners jammed the Palm Beach County Convention Center on the first day of a five-day mortgage-modification seminar. The sessions aim to pair borrowers with loan counselors and lenders in an effort to negotiate affordable mortgage terms and avoid foreclosure. Some got their mortgages modified on the spot. (Fri, 26 Feb 2010 01:37:44 GMT)
Toyota chief vows to take safety 'to next level'; mortgage rates inch past 5% Toyota chief vows to take safety 'to next level'; mortgage rates inch past 5% (Fri, 26 Feb 2010 02:16:51 GMT)
New DA mortgage fraud unit obtains plea deal A three-year-old real estate fee the county imposed to fund mortgage fraud investigations has netted its first catch. Primo Feliciano Jacquez, 37, pleaded no contest in Kern County Superior Court Thursday to one count of grand theft by false pretense. (Fri, 26 Feb 2010 02:52:18 GMT)
Guilty Pleas in Scheme To Steal Mortgage Payoff Money - US Attorney LawFuel.com - US Attorney News - PREET BHARARA, the United States Attorney for the Southern District of New York, and RONALD J. VERROCHIO, the Inspector-in-Charge of the New York Office of the United States Postal Inspection Service ("USPIS"), announced guilty pleas in a scheme to steal over $6 million in money obtained from banks through home mortgage loans for the purchase of residential ... (Fri, 26 Feb 2010 02:53:05 GMT)
Brasota Mortgage saga nears end with auction MANATEE — The saga of Brasota Mortgage Company Inc.’s $137 million collapse could end this weekend with a bang — that of an auctioneer’s gavel. (Fri, 26 Feb 2010 03:57:34 GMT)
Rates In Northeast for 30-Year, Fixed-Rate Loan At 5.12 Percent Home loan rates for 30-year, fixed-rate mortgages rose above 5 percent for the first time in three weeks in the face of mixed news on housing this week. (Fri, 26 Feb 2010 04:13:42 GMT)
Jumbo mortgage market is beginning to thaw Rates on jumbo mortgages shot up during the financial crisis. But in a boon for borrowers in California's expensive housing markets, the jumbo-loan market is starting to return to normal. (Fri, 26 Feb 2010 04:32:50 GMT)
Motive for home sellers was unaffordable loan Two-thirds of California home sellers last year put their houses on the block because they couldn&#x (Fri, 26 Feb 2010 04:35:09 GMT)
Cracking down on mortgage fraud The housing crisis has led to a spike in mortgage fraud here in the valley. But now federal, state, and local agencies say they are cracking down on real estate crime. (Fri, 26 Feb 2010 04:51:30 GMT)
American Residential Law Group Announces New Benefits Available for Home Loan Modification American Residential Law Group has announced new guidelines and benefits for homeowners seeking to make use of a home loan modification to help provide stability for their financial situation. (Fri, 26 Feb 2010 07:01:00 GMT)
Hundreds of homeowners in trouble attend mortgage-modification seminar Neighborhood Assistance Corp. of America event matches borrowers with lenders The monthly mortgage payment on Maria Segovia's Fort Lauderdale home jumped from $745 three years ago to more than $1,500. That's when she stopped paying. Just about the same time as her hours at her full-time job were reduced, her part-time job was cut back and she got a divorce. (Fri, 26 Feb 2010 08:04:31 GMT)
Mortgage insurance rules tighten; borrowers go FHA Global Credit Union's Jackie Cardle says tightened standards for mortgage insurance have squeezed many home buyers out of the conventional mortgage market. (Fri, 26 Feb 2010 08:06:14 GMT)
American Residential Law Group Announces New Benefits Available for Home Loan Modification American Residential Law Group has announced new guidelines and benefits for homeowners seeking to make use of a home loan modification to help provide stability for their financial situation. (PRWeb Feb 26, 2010) Read the full story at http://www.prweb.com/releases/ho (Fri, 26 Feb 2010 08:23:28 GMT)
Federal stimulus dollars boost rural home loan program Amber Young is grateful for a government loan program for homes in rural areas. (Fri, 26 Feb 2010 09:53:48 GMT)
Mortgage rates surpass 5 percent WASHINGTON (AP) — Rates for 30-year home loans rose above the 5 percent threshold for the first time in three weeks, but remained near historically low levels. The average rate on a 30-year fixed rate mortgage was 5.05 percent this week, up from 4. (Fri, 26 Feb 2010 10:06:50 GMT)
Divorcee faces home mortgage choice A woman in the middle of a divorce faces a home mortgage choice: fixed-rate or ARM? (Fri, 26 Feb 2010 11:00:00 GMT)
Mortgage Rates Feb. 25, 2010 Mortgage rates climbed this week. Is this the end of low rates? Get up to Four Loan Offers in Minutes! Rates were higher before the Fed stepped in, and they'll rise when the Fed bows out. (Fri, 26 Feb 2010 11:42:32 GMT)
Divorcee faces home mortgage choice Dear Dr. Don, I am in the process of divorce and I would like to keep the house. We refinanced it about five years ago and now I am looking to refinance the house under just my name. (Fri, 26 Feb 2010 11:42:40 GMT)
Mortgage Rates Climb Mortgage rates crept higher this week. Are interest rates next? (Fri, 26 Feb 2010 14:31:52 GMT)
Estate agent stole identities of two homeowners for a £2 m mortgage fraud An estate agent who stole the identities of two homeowners in a £2 million mortgage fraud was jailed for six years. (Fri, 26 Feb 2010 15:42:28 GMT)
Estate agent jailed for six years for £2m mortgage fraud Nadeem Sultan stole the identity of a businessman in a bid to con Excel Securities into arranging a £950,000 mortgage on a property in Chelsea, south west London. (Fri, 26 Feb 2010 16:40:35 GMT)
Hundreds of homeowners in trouble attend mortgage-modification seminar By Harriet Johnson Brackey, Sun Sentinel, Fort Lauderdale, Fla. Feb. 26--The monthly mortgage payment on Maria Segovia's Fort Lauderdale home jumped from $745 three years ago to more than $1,500. That's when she stopped paying. (Fri, 26 Feb 2010 17:36:07 GMT)
Hundreds of homeowners in trouble attend mortgage-modification marathon in West Palm Beach WEST PALM BEACH —The monthly mortgage payment on Maria Segovia's Fort Lauderdale home jumped from $745 three years ago to more than $1,500. That's when she stopped paying. Just about the same time as her hours at her full-time job were reduced, her part-time job was cut back and she got a divorce."Too many problems came together," she said.Segovia was one of hundreds of troubled homeowners who ... (Fri, 26 Feb 2010 17:53:00 GMT)
State investigating five mortgage modification firms Four of the operations examined are in South Florida The Florida Attorney General's Office has opened five new investigations this year, with four centered in South Florida, involving foreclosure rescue and mortgage modification companies, a key enforcement concern for regulators. (Fri, 26 Feb 2010 18:19:12 GMT)
Hundreds of homeowners in trouble attend mortgage-modification seminar Neighborhood Assistance Corp. of America event matches borrowers with lenders The monthly mortgage payment on Maria Segovia's Fort Lauderdale home jumped from $745 three years ago to more than $1,500. That's when she stopped paying. Just about the same time as her hours at her full-time job were reduced, her part-time job was cut back and she got a divorce. (Fri, 26 Feb 2010 18:19:22 GMT)
(AFX UK Focus) 2010-02-26 18:25 BRIEF-Moody's confirms Home Loan Services SQ ratings Feb 26 (Reuters) - Home Loan Services, Inc.: (Fri, 26 Feb 2010 18:43:20 GMT)
Loan money available to home builders Stevens Point, WI (WXOW) - The USDA Rural Development Wisconsin Guaranteed Rural Housing (GRH) loan program continues to assist those who want to build or purchase a home. (Fri, 26 Feb 2010 18:46:10 GMT)
Business : Saudi Mortgage Finance Law to be Enacted Soon JEDDAH - Although the mortgage industry in Saudi Arabia is nascent and a mortgage law has yet to be enacted, the Kingdom has historically maintained successful financial industry regulation and economic policies, according to a report by Capitas Group International, or CGI, a specialist in Shariah-compliant mortgage finance. (Fri, 26 Feb 2010 19:53:42 GMT)
30-year mortgage rates rise above 5% The average interest rate offered by lenders on 30-year fixed-rate home loans rose this week, topping 5% for the first time in three weeks, Freddie Mac said Thursday. (Fri, 26 Feb 2010 19:57:12 GMT)
Self-Proclaimed 'Financial Terrorist' Leads Home Loan Fair Bruce Marks, who says he's proud to be a self-proclaimed financial terrorist, leads up West Palm Beach's heavily attended home loan modification fair. (Fri, 26 Feb 2010 20:08:49 GMT)
GBP/USD: Trading the Change in U.K. Mortgage Approvals Mortgage approvals in the U.K. are expected to fall to 50.0K in January following the unexpected decline in the previous month, and the data could weigh on the exchange rate as policy makers continue to see a risk for a protracted recovery. (Fri, 26 Feb 2010 20:23:00 GMT)
Be aware of good-faith estimate' rules, or it could cost you If you are planning to take out a mortgage or refinance, you might want to hear this blunt message from federal officials: Don't fly blind. When you're shopping among competing lenders for the best terms and fees, make sure you know which quotes come with a guarantee and which do not. (Fri, 26 Feb 2010 20:29:29 GMT)
30-year mortgage rates rise as new-home sales fall Mortgage rates climbed for the first time in three weeks, increasing borrowing costs as new-home sales slumped to the lowest level on record. (Fri, 26 Feb 2010 20:43:55 GMT)
Factors to consider in paying down the mortgage We are still in our house almost 2 1/2 years after refinancing, and the rate on our interest-only mortgage is 6.5 percent. If I have $10,000 that I will not need in the foreseeable future, can I send that amount with our next payment to help pay down the principal on the loan? Or am I better off... (Fri, 26 Feb 2010 20:44:26 GMT)
Federal Home Loan Bank of San Francisco Releases January 2010 Cost of Funds Index SAN FRANCISCO----The Federal Home Loan Bank of San Francisco announced February 26, 2010, that the 11th District Monthly Weighted Average Cost of Funds Index for January 2010 is 1.786%. (Fri, 26 Feb 2010 23:14:00 GMT)
Mortgage modification sessions helping those in dire financial straits WEST PALM BEACH —Evan Powell left for West Palm Beach from Port St. Lucie at 4 a.m. Friday, hoping a company known for using guerilla tactics against the nation’s home-loan giants could help him modify his home loan.While his mortgage payments have doubled in the past year to $2,800 a month, the value of his home has dropped from more than $300,000 to $137,000.“I can survive, but I’d like ... (Fri, 26 Feb 2010 23:18:00 GMT)
Saudi mortgage finance law to be enacted soon Saudi mortgage finance law to be enacted soon (Sat, 27 Feb 2010 04:06:04 GMT)
How High Will Mortgage Rates Go Of all the extraordinary ways the Federal Reserve mainlined dollars into our economy to stave off a second depression, its biggest program by far was the 18-month, $1.25 trillion purchase of mortgage ... (Sat, 27 Feb 2010 04:38:33 GMT)
Flying blind on mortgage terms, fees could cost dearly WASHINGTON — If you plan to take out a mortgage or refinance anytime soon, you might want to hear this blunt message from federal officials: Don't fly blind. (Sat, 27 Feb 2010 06:04:58 GMT)
Jumbo mortgage market is beginning to thaw LOS ANGELES — Phil Kelly had 18 more months to go before the fixed rate on his $2.5 million mortgage became adjustable. (Sat, 27 Feb 2010 06:05:18 GMT)
Saudi Mortgage Finance Law to be Enacted Soon 27 February 2010 JEDDAH - Although the mortgage industry in Saudi Arabia is nascent and a mortgage law has yet to be enacted, the Kingdom has historically maintained successful financial industry regulation and economic policies, according to a report by Capitas Group International, or CGI, a specialist in Shariah-compliant mortgage finance. (Sat, 27 Feb 2010 06:20:26 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. (Sat, 27 Feb 2010 06:39:00 GMT)
No loan signings until Accrington pay tax bill Accrington Stanley’s bid to bring in a loan signing will be held up after a delay in their latest tax payment resulted in the return of their transfer embargo.
