Treasury: 230,000 permanent home loan modifications As of March 31, more than 230,000 borrowers nationally have received permanent home loan modifications under the administration's Making Home Affordable Program since its inception in February 2009, the Treasury Department announced Wednesday. (Wed, 14 Apr 2010 03:25:00 -0700)
Foreclosure Experts Urge Tax Reform to Aid Consumers after Foreclosures, Short Sales Foreclosure experts at USHUD.com and Heavy Hammer Inc. today urged changes to The Mortgage Debt Relief Act of 2007 that would extend the life of the legislation and expand benefits for homeowners affected by the housing crisis. (Wed, 14 Apr 2010 04:00:00 -0700)
Watchdog: Mortgage Relief Too Little,Too Late A watchdog panel overseeing the financial bailouts says the Obama administration's flagship mortgage aid program lags well behind the foreclosure crisis and leaves too many families out. (Wed, 14 Apr 2010 04:19:55 -0700)
US home loan demand slumps to lowest in 3 months US home loan demand slumps to lowest in 3 monthsUS home loan demand slumps to lowest in 3 months (Wed, 14 Apr 2010 04:59:10 -0700)
MBA: Mortgage Applications Decrease as FHA Insurance Rates Increase The Market Composite Index, a measure of mortgage loan application volume, decreased 9.6 percent on a seasonally adjusted basis from one week earlier. ... (Wed, 14 Apr 2010 05:04:34 -0700)
Watchdog Group: Obama's Mortgage Aid Plan Wastes Billions The Obama administration's embattled mortgage aid plan is coming under fresh criticism from a government watchdog who says the program is wasting billions of taxpayer dollars simply to delay, rather than prevent, foreclosures. Foreclosure - Government - Presidency of Barack Obama - Mortgage - United States (Wed, 14 Apr 2010 05:08:09 -0700)
WATCH: Obama's Mortgage Plan Under Fire New report finds the president's home relief program wastes billions of dollars. United States - Mortgage - Barack Obama - President - Financial services (Wed, 14 Apr 2010 05:08:21 -0700)
Angry Borrowers Mob JPMorgans Mortgage Chief The JPMorgan Chase executive was at a congressional hearing in Washington when a lawmaker asked him who mortgage borrowers could turn to if they felt his banks employees were not helping them hold onto their homes. (Wed, 14 Apr 2010 05:16:00 -0700)
Home Loan Demand Slumps to Lowest in 3 Months The Mortgage Bankers Association said mortgage applications fell for a second straight week. (Wed, 14 Apr 2010 05:25:24 -0700)
Gov't seeking input on home loan future Got any ideas for how to remake the U.S. mortgage market? The Obama administration wants to hear them. The administration on Wednesday published a list of seven questions about how to remake the institutions that provide money for home loans. The idea is to... Mortgage - United States Department of the Treasury - Presidency of Barack Obama - Bank - Business (Wed, 14 Apr 2010 06:45:39 -0700)
Change in mortgage rules may turn off investors New mortgage rules coming into effect on Monday will have a limited impact on first-time homebuyers, but it will hurt those looking to buy properties to flip for a profit or generate revenue. All of the changes that will occur on April 19, as part of the new rules announced federal Finance [...] (Wed, 14 Apr 2010 07:15:47 -0700)
Gov't Seeking Input on Home Loan Future Obama administration seeking public's input on new system for funding home loans Barack Obama - United States - Business - Mortgage - Financial Services (Wed, 14 Apr 2010 07:16:38 -0700)
Home loan demand slumps to lowest in 3 months U.S. mortgage applications fell for a second straight week, with a slump in demand for government loans driving activity to its lowest level in three months, data from an industry group showed on Wednesday. (Wed, 14 Apr 2010 07:34:39 -0700)
Gov't seeking input on home loan future Got any ideas for how to remake the U.S. mortgage market? The Obama administration wants to hear them. The administration on Wednesday published a list of seven questions about how to remake the institutions that provide money for home loans. (Wed, 14 Apr 2010 08:10:28 -0700)
Mortgage interest rates through Tenn. agency cut The mortgage interest rates through the Tennessee Housing Development Agency have been reduced. The Homeownership Choices program offers 30-year fixed rate mortgages through local lenders for first-time homebuyers. (Wed, 14 Apr 2010 08:11:08 -0700)
Mortgage delinquency rates improves WASHINGTON, April 14 (UPI) -- Fewer U.S. homeowners were delinquent on mortgage loans in the first quarter than in the fourth quarter of 2009, two economic research groups said. (Wed, 14 Apr 2010 08:14:17 -0700)
Mortgage activity down as premiums rise WASHINGTON, April 14 (UPI) -- The volume of applications for U.S. mortgages fell in the week, despite drops in long-term interest rates, an industry group said Wednesday. (Wed, 14 Apr 2010 08:24:30 -0700)
Commercial mortgage delinquencies spike in March The delinquency rate for commercial mortgage-backed securities posted its largest increase ever in March, Moody's Investors Service reported Wednesday, blaming most of the gain from the collapse of a $5.4 billion housing deal in New York. (Wed, 14 Apr 2010 11:08:10 -0700)
US Treasury Report: More Borrowers Seeing Lower Mortgage Payments US Treasury Report: More Borrowers Seeing Lower Mortgage Payments (Wed, 14 Apr 2010 11:10:04 -0700)
Mortgage deduction: America's costliest tax break The mortgage-interest deduction is America's favorite tax break -- and it's also the costliest. (Wed, 14 Apr 2010 11:16:50 -0700)
Commercial mortgage delinquencies spike in March The delinquency rate for commercial mortgage-backed securities posted its largest increase ever in March, Moody's Investors Service reported Wednesday, blaming most of the gain from the collapse of a $5.4 billion housing deal in New York. The ratings agency... Moody - New York - United States - Business - Delinquent (Wed, 14 Apr 2010 11:30:26 -0700)
Commercial Mortgage Delinquencies Spike in March Commercial mortgage delinquencies hit all-time high in March on big New York deal collapse Mortgage - Business - United States - Financial Services - New York (Wed, 14 Apr 2010 11:31:28 -0700)
Fitch Affirms Prudential Mortgage Capital Funding ROCK 2001-C1; Assigns Outlooks NEW YORK----Fitch Ratings affirms and assigns Rating Outlooks and Loss Severity ratings to Prudential's ROCK commercial mortgage pass-through certificates, series 2001-C1, as follows: (Wed, 14 Apr 2010 11:33:00 -0700)
National and State Mortgage Rates Fall Sharply Over Past Week; Current 30-Year Fixed Rate is 4.88% RISMEDIA, April 15, 2010The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.88%, down twenty basis points from 5.08% compared to this same time last week. The 30-year fixed mortgage rate rose last week, spiking Sunday at 5.05% (Wed, 14 Apr 2010 13:19:03 -0700)
Do I have to pay taxes on forgiven mortgage debt? Did you lose your house to foreclosure this year? Did your lender forgive some of your mortgage debt because you sold it for less than it was worth? If so, you could be facing a big tax hit. (Wed, 14 Apr 2010 14:25:00 -0700)
Jefferson County $5 Billion Swap Spree Prompts Derivative Curbs April 14 (Bloomberg) -- Alabama legislators are tightening regulation of derivatives for the states largest county, which was nearly bankrupted after a $3 billion sewer-debt refinancing collapsed during the credit crisis. (Wed, 14 Apr 2010 15:07:53 -0700)
Obama Mortgage Aid Program Criticized The Congressional Oversight Panel reports the Obama administration's mortgage aid program will allow only one million families to end up with lower monthly payments. read more (Wed, 14 Apr 2010 17:53:31 -0700)
Federal home loan program called into question An Obama administration program that encourages banks to reduce monthly payments of troubled homeowners added approximately 60,000 households in March to a list of completed loan modifications, bringing the U.S. total to about 230,000, according to a... Mortgage - United States - Presidency of Barack Obama - Foreclosure - Loan (Wed, 14 Apr 2010 18:45:10 -0700)
R.I. Senate kills deficit-filling plan approved by House In rare move, they reject House-approved bill that included refinancing state's unfunded pension liability and instead approve greater use of the rainy day fund to close deficit (Wed, 14 Apr 2010 19:47:26 -0700)
Former Miami Dolphins player Jamie Nails faces mortgage fraud charge Jamie Nails, a former Miami Dolphins and Buffalo Bills offensive lineman, is being charged with mortgage fraud after police say he scammed the grandmother of a former teammate. (Wed, 14 Apr 2010 19:50:34 -0700)
BCE May Refinance Debt to Lower Borrowing Costs: Canada Credit April 15 (Bloomberg) -- BCE Inc., Canadas largest phone company, may refinance some of its C$6.02 billion ($6.03 billion) in debt before borrowing costs rise, Chief Financial Officer Siim Vanaselja said. (Wed, 14 Apr 2010 22:02:21 -0700)
Help with mortgage modifications returns to South Florida Thursday The Neighborhood Assistance Corp. of America is returning to South Florida to help homeowners secure mortgage modifications. The Neighborhood Assistance Corp. of America is holding a mortgage-modification marathon in Miami Beach from Thursday through Monday. Homeowners are encouraged to register for the event at NACA.com. (Thu, 15 Apr 2010 00:24:23 -0700)
18 arrested in $10 million mortgage-fraud case Federal agents in Northern California arrested 18 people Wednesday on charges of defrauding banks and lenders with bogus mortgage loan applications. The losses totaled at least $10 million from 2005 through 2009, said FBI spokesman Joseph Schadler. Those... (Thu, 15 Apr 2010 00:40:47 -0700)
Federal home loan program called into question An Obama administration program that encourages banks to reduce monthly payments of troubled homeowners added approximately 60,000 households in March to a list of completed loan modifications, bringing the U.S. total to about 230,000, according to a... United States - Mortgage - Presidency of Barack Obama - Foreclosure - Business (Thu, 15 Apr 2010 00:45:00 -0700)
Still too hot to touch: The mortgage interest tax break The mortgage-interest deduction is America's favorite tax break -- and it's also the costliest. (Thu, 15 Apr 2010 01:11:00 -0700)
Mortgage Rates Stifling Abu Dhabi Property Rebound, Sorouh Says April 15 (Bloomberg) -- High mortgage rates are the biggest obstacle to a housing recovery in Abu Dhabi, where property prices have fallen more than 30 percent from their peak, the sheikhdoms second-biggest developer said. (Thu, 15 Apr 2010 02:10:09 -0700)
HDFC lowers first yr home loan rate to 8.25 per cent New Delhi, Apr 15 (PTI) Housing finance major HDFC today lowered its home loan rate to 8.25 per cent for the first year in its new dual rate scheme, commonly known as teaser loans, applicable on fresh loans. (Thu, 15 Apr 2010 04:22:16 -0700)
Bankrate: Mortgage Rates Retreat Mortgage rates broke a streak of three weekly increases, with the average conforming 30-year fixed mortgage falling back to 5.21 percent, according to Bankrate.com's weekly national survey. (Thu, 15 Apr 2010 04:30:00 -0700)
Hundreds line up early for mortgage relief program in Miami Beach With a record number of desperate borrowers having registered for a traveling mortgage relief marathon opening Thursday, hundreds flocked to the Miami Beach Convention Center overnight in anticipation of the event. (Thu, 15 Apr 2010 04:35:35 -0700)
HDFC lowers first year home loan rate to 8.25% Housing finance major HDFC today lowered its home loan rate to 8.25 per cent for the first year in its new dual rate scheme, commonly known as teaser loans, applicable on fresh loans. (Thu, 15 Apr 2010 04:45:45 -0700)
China Raises Home Mortgage Rates Chinas cabinet raised minimum mortgage rates and down payment ratios for some home purchases, saying more forceful steps are needed to cool speculation after property prices rose at a record pace in March. (Thu, 15 Apr 2010 04:48:22 -0700)
SBI's special home loan scheme Under the earlier scheme, borrowers were charged fixed interest rate of 8.5 per cent for Year 2 and Year 3 for loan amount less than Rs 50 lakh (Rs 5 million) and a rate of 9 per cent for first three years for loan amount of greater than Rs 50 lakh. Year 4 onward the interest rate was fixed at PLR minus 2.75 basis points. (Thu, 15 Apr 2010 04:51:11 -0700)
HDFC cuts 1st year home loan rate to 8.25% Housing finance major HDFC on Thursday lowered its home loan rate to 8.25 per cent for the first year in its new dual rate scheme, commonly known as teaser loans, applicable on fresh loans. (Thu, 15 Apr 2010 05:06:54 -0700)
Obama administration wants ideas on how to fix the home mortgage industry WASHINGTON Got any ideas for how to remake the U.S. mortgage market? The Obama administration wants to hear them. (Thu, 15 Apr 2010 05:11:25 -0700)
Foreclosures drop 2nd straight month in February U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed. (Thu, 15 Apr 2010 06:44:06 -0700)
Stonegate Mortgage Corporation Hires Wholesale Regional Manager for Georgia and Tennessee Markets Stonegate Mortgage Corporation hires Jeff Lochmandy as Wholesale Regional Manager for the Georgia and Tennessee markets. (Thu, 15 Apr 2010 07:00:00 -0700)
HDFC cuts home loan rate for the first 2 years The housing finance major on Thursday lowered its home loan rate to 8.25 per cent for the first year. (Thu, 15 Apr 2010 07:11:11 -0700)
Mortgage rates fall to 5.07% Dow Jones Newswires | U.S. mortgage rates fell for the first time in a month, pushed lower by investor demand for debt backed by home loans. Rates for 30-year fixed loans fell to 5.07 percent for the week ended today from 5.21 percent, mortgage finance company Freddie Mac said in a statement. (Thu, 15 Apr 2010 07:32:56 -0700)
Mortgage Rates on 30-Year U.S. Loans Fall to 5.07% U.S. mortgage rates fell this week after a month of increases coinciding with the Federal Reserve ending its purchases of home loan debt. (Thu, 15 Apr 2010 07:33:52 -0700)
Mortgage Rates on 30-Year U.S. Loans Fall to 5.07% April 15 (Bloomberg) -- U.S. mortgage rates fell for the first time in a month, pushed lower by investor demand for debt backed by home loans. Rates for 30-year fixed loans fell to 5.07 percent for the week ended today from 5.21 percent, mortgage finance company Freddie Mac said in a statement. (Thu, 15 Apr 2010 07:52:19 -0700)
Mortgages: Mortgage rates reverse course and fall Mortgage rates fell this week, returning to levels seen two weeks ago, according to Freddie Mac's weekly survey of conforming rates, released on Thursday. But some say increases are ahead. (Thu, 15 Apr 2010 08:00:59 -0700)
U.S. mortgage rates drop in week WASHINGTON, April 15 (UPI) -- Average interest rates for 30-year, fixed-rate mortgages dropped in the week ending April 15, the U.S. Federal Home Loan Mortgage Corp. said Thursday. (Thu, 15 Apr 2010 08:05:10 -0700)
Association of Mortgage Investors Sees Need for More Robust Solution to Foreclosure Crisis Micah Green of Patton Boggs LLC today released the following statement on behalf of the Association of Mortgage Investors in response to Treasury's release of the March Home Affordable Modification Program report: (Thu, 15 Apr 2010 08:14:00 -0700)
Homburg Invest repays in full (euro)30 million 7.5% Homburg Mortgage Bond 2 Richard Homburg, Chairman and Chief Executive Officer of Homburg Invest Inc. announced today that the Company has repaid the outstanding balance on the 7.5% Homburg Mortgage Bond 2, due April 25, 2010. (Thu, 15 Apr 2010 08:29:00 -0700)
Skip the mortgage, pay the credit card Millions of Americans are not only upside down on their mortgage, they also appear to be shunning that monthly payment in favor of meeting their everyday expenses. (Thu, 15 Apr 2010 09:31:49 -0700)
Mortgage rates fall after rising 4 straight weeks Rates for long-term mortgages dropped this week but still remained above 5 percent, Freddie Mac said Thursday. The average rate on a 30-year fixed rate mortgage was 5.07 percent this week, down from 5.21 percent a week earlier, a survey by the mortgage financier Freddie Mac said. (Thu, 15 Apr 2010 10:14:40 -0700)
Mortgage rates fall after rising 4 straight weeks Rates for long-term mortgages dropped this week but still remained above 5 percent, Freddie Mac said Thursday. The average rate on a 30-year fixed rate mortgage was 5.07 percent this week, down from 5.21 percent a week earlier, a survey by the mortgage... Mortgage - Freddie Mac - Fixed rate mortgage - Business - Financial Services (Thu, 15 Apr 2010 10:59:59 -0700)
Reading mortgage rates: Mortgage Bankers Association survey results The Mortgage Bankers Association (MBA) publishes the results of a weekly applications survey that covers roughly 50 percent of all residential mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate mortgages, 1 year ARMs as well as application volume for both purchase and refinance applications. (Thu, 15 Apr 2010 11:41:16 -0700)
Mortgage Rates Fall After Rising 4 Straight Weeks Mortgage rates decline after sharp increase last week; still above 5 pct Mortgage - Business - Financial services - United States - Directories (Thu, 15 Apr 2010 11:46:41 -0700)
HDFC revives teaser home loan scheme The latest move by the housing finance company is aimed at countering SBI's gambit announced late last month. Housing finance major HDFC on Thursday revived its teaser home loans scheme, albeit only for a fortnight, so as not to lose market share in the home loans space to rival State Bank of India. (Thu, 15 Apr 2010 12:38:12 -0700)
30-year mortgage rate falls to 5.07% After rising for a month, the average interest rate offered for a 30-year fixed-rate home loan slipped to 5.07% this week from 5.21% last week, Freddie Mac said Thursday. (Thu, 15 Apr 2010 13:08:10 -0700)
Plinth ready for home loan rivalry Mumbai, April 15: Home loan financier HDFC today ratcheted up the battle over teaser rate loans by offering an attractive 8.25 per cent fixed interest rate in the first year and 9 per cent in the second. (Thu, 15 Apr 2010 15:49:08 -0700)
Criminal charges filed in fraud scheme linked to reverse mortgage program It is the tip of what could prove to be a very large financial fraud iceberg. Jackson County prosecutors and federal officials said Thursday that they have filed criminal charges in a fraud scheme involving the government-sponsored reverse mortgage program only the second such case filed nationally. (Thu, 15 Apr 2010 20:15:00 -0700)
Session to give mortgage assistance to homeowners Homeowners having trouble making their mortgage payments could benefit from a free workshop tomorrow from 9 a.m. to 3 p.m. at the Greater Richmond Convention Center. The homeowner preservation workshop is aimed at finding solutions to help people stay in their homes. It is sponsored by the Obama administrations Making Home Affordable program, Hope Now and NeighborWorks America. (Thu, 15 Apr 2010 21:20:19 -0700)
Mortgage rates on 30-year U.S. loans fall to 5.07 percent U.S. mortgage rates fell for the first time in a month, pushed lower by investor demand for debt backed by home loans. (Thu, 15 Apr 2010 23:08:38 -0700)
Refinancing out of an interest-only ARM Refinancing out of an interest-only ARM (Thu, 15 Apr 2010 23:10:24 -0700)
Mortgage-tax extension passed in Sullivan County Sullivan County legislators voted unanimously Thursday to extend the countys mortgage-recording tax to Aug. 31, 2013. (Thu, 15 Apr 2010 23:10:44 -0700)
SBI's special home loan scheme Under the earlier scheme, borrowers were charged fixed interest rate of 8.5 per cent for Year 2 and Year 3 for loan amount less than Rs 50 lakh (Rs 5 million) and a rate of 9 per cent for first three years for loan amount of greater than Rs 50 lakh. Year 4 onward the interest rate was fixed at PLR minus 2.75 basis points. (Fri, 16 Apr 2010 00:06:01 -0700)
Mortgage broker charged in $2.8 million fraud A Bethesda man is due in federal district court in Baltimore this afternoon to answer charges that he ripped off lenders, his own relatives and others for more than $2.8 million in a mortgage fraud scheme. (Fri, 16 Apr 2010 01:44:00 -0700)
Take 'sleep test' before you refinance Should you refinance from an ARM into a fixed-rate mortgage? Take the "sleep test" and find out. (Fri, 16 Apr 2010 03:00:00 -0700)
Take 'sleep test' before you refinance Dear Dr. Don, I owe $750,000 on my mortgage . The house is currently appraised at about $700,000 (based on a purchase price of $825,000 six years ago). My interest rate resets annually at the one-year Treasury rate, plus 2.75 points. For the next year, the interest rate is 3.125 percent. (Fri, 16 Apr 2010 04:42:30 -0700)
Got Great Credit? It May Not Be Enough to Refinance I have been writing for months that people with solid jobs and a history of paying their bills on time can refinance and save some money -- if they are willing to do a little bit more work than they have in the past. But apparently, I have been downplaying that "do a little bit more work" that lenders are requiring borrowers to perform, in light of the housing bubble bursting. I am going to let ... (Fri, 16 Apr 2010 05:08:45 -0700)
Federal Home Loan Bank of Atlanta President and CEO Richard A. Dorfman Announces Resignation; Interim President and ... Federal Home Loan Bank of Atlanta President and Chief Executive Officer Richard A. Dorfman has announced his resignation from the Bank effective April 16, 2010. The Bank's Executive Vice President and General Counsel Jill Spencer has been named Interim President and CEO. (Fri, 16 Apr 2010 05:39:00 -0700)
Key Senator: OTS Created WaMu Mortgage Time-bomb Key Senator: OTS Created WaMu Mortgage Time-bomb (Fri, 16 Apr 2010 07:41:10 -0700)
S.E.C. Accuses Goldman of Fraud in Mortgage Deal The move marks the first time that regulators have taken action against a Wall Street deal that helped investors capitalize on the collapse of the housing market. Goldman itself profited by betting against the very mortgage investments that it sold to its customers. (Fri, 16 Apr 2010 08:01:03 -0700)
Federal regulators charge Goldman Sachs with civil fraud in subprime mortgage securities, US WASHINGTON (AP) Federal regulators charge Goldman Sachs with civil fraud in subprime mortgage securities. (Fri, 16 Apr 2010 08:06:11 -0700)
Free Home Buyers Workshop to be held April 22 at Advanced Mortgage Services in Plymouth, MA. A f ree educational and informative Home Buyers Workshop will be held at Advanced Mortgage Services, 25 Main Street in Plymouth, MA on Thursday April 22 from 6:30 p.m. 7:30 p.m. (Fri, 16 Apr 2010 08:09:10 -0700)
SEC accuses Goldman Sachs of fraud in failing to disclose conflict in mortgage securities WASHINGTON (AP) The government has accused Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was faltering. (Fri, 16 Apr 2010 08:27:11 -0700)
SEC accuses Goldman Sachs of fraud in subprime mortgage meltdown The civil charges relate to Goldman Sach's creation of collateralized debt obligations -- exotic mortgage-backed securities -- before the financial crisis. Goldman denies any wrongdoing. Wall Street's preeminent investment bank, Goldman Sachs, was charged Friday by the government with fraud in marketing exotic mortgage-backed securities before the financial crisis. (Fri, 16 Apr 2010 08:57:31 -0700)
Goldman accused of fraud linked to mortgage crisis A US watchdog on Friday charged top investment firm Goldman Sachs with fraud over the sale of a complex mortgage product like those blamed for the financial meltdown. (Fri, 16 Apr 2010 10:00:18 -0700)
Federal Home Loan Bank of Atlanta CEO Richard A. Dorfman Announces Resignation Interim President and CEO NamedATLANTA, April 16 -- Federal Home Loan Bank of Atlanta (the Bank) Pre... (Fri, 16 Apr 2010 10:02:54 -0700)
Stocks tumble as Goldman charged with fraud in mortgage investments Financial shares led the stock market sharply lower Friday after federal regulators filed civil fraud charges against Goldman Sachs over its dealings in the subprime mortgage market. (Fri, 16 Apr 2010 10:30:40 -0700)
SEC accuses Goldman Sachs of fraud in subprime mortgage meltdown The civil charges relate to Goldman Sach's creation of collateralized debt obligations -- a exotic mortgage-backed security -- before the financial crisis. Goldman denies any wrongdoing. Wall Street's preeminent investment bank, Goldman Sachs, was charged Friday by the government with fraud in marketing exotic mortgage-backed securities before the financial crisis. (Fri, 16 Apr 2010 10:53:31 -0700)
GE Open To Selling Off More Of Mortgage Unit: WSJ GE Open To Selling Off More Of Mortgage Unit: WSJ (Fri, 16 Apr 2010 11:10:54 -0700)
Financial stocks fall as SEC accuses Goldman with fraud over subprime mortgage market dealings NEW YORK - Financial shares are falling after federal regulators accused Goldman Sachs of fraud over some of its dealings during the mortgage meltdown. (Fri, 16 Apr 2010 11:55:51 -0700)
Bank of America sees signs of economic improvement Even as the nation's big banks report more losses from mortgage loans, they're seeing signs of an economic recovery. (Fri, 16 Apr 2010 13:24:58 -0700)
Fitch Downgrades 8 Classes of Banc of America Commercial Mortgage Securities 2004-1 NEW YORK----Fitch Ratings downgrades and assigns Rating Outlooks and Loss Severity ratings to Banc of America Commercial Mortgage Securities, series 2004-1, as indicated: (Fri, 16 Apr 2010 13:45:00 -0700)
Mortgage broker pleads guilty to 103 counts in Slavic Village fraud case Mark Kellogg, accused of devastating Cleveland's Slavic Village neighborhood, could spend decades behind bars after pleading guilty Tuesday to 103 mortgage fraud-related charges. (Fri, 16 Apr 2010 14:11:14 -0700)
Bouncing Along With Mortgage Insurers At The Lion's Gate Mortgage insurers as a group have been up today and MBIA is at the forefront. (Fri, 16 Apr 2010 14:37:02 -0700)
Interest rates fall after SEC accuses Goldman Sachs of civil fraud tied to mortgage securities NEW YORK - Interest rates tumbled in the bond market Friday after the government charged Goldman Sachs & Co. with fraud related to mortgage investments. (Fri, 16 Apr 2010 14:55:41 -0700)
Summary Box: Rates fall after gov't accuses Goldman of fraud related to mortgage securities RATES SLIDE: Interest rates fell in the Treasury market Friday after the government filed civil fraud charges against Goldman Sachs for its dealings in the subprime mortgage market. (Fri, 16 Apr 2010 15:10:40 -0700)
Mortgage programs may help credit scores Financially stressed homeowners looking to cut mortgage payments through a loan modification, short sale or principal reduction under an Obama administration's programs needn't wreck their credit scores in the process. (Fri, 16 Apr 2010 16:37:07 -0700)
Broker enters guilty plea to mortgage fraud Ex-convict filed falsified documents related to a mortgage refinancing (Fri, 16 Apr 2010 21:20:53 -0700)
L&G Mortgage Club launches desktop mortgage tool Legal & General Mortgage Club has launched a handy desktop tool, which alerts directly authorised advisers to new exclusive mortgage products. (Sat, 17 Apr 2010 01:21:35 -0700)
Peter Boutell, Lending a Hand: Refinance or purchase and have no payments with reverse mortgage No job or income required for this mortgage. It kind of sounds like the old days of subprime lending but it is a reverse mortgage that does not require the borrower to provide any documenta-tion regard-ing assets or income. (Sat, 17 Apr 2010 01:46:10 -0700)
Home Loans Made Easier According To Homeloans South Africa 04/17/10 - Homeloans-southafrica.co.za is happy to announce that banks are making home loans more accessible for everyone who is interested in getting one. With this, all the hassles of applying and qualifying for a home loan to get closer to one's dream house are a thing of the past. (Sat, 17 Apr 2010 04:06:46 -0700)
Around the Capitol: County Commissioner Webb hosting Mortgage Foreclosure Prevention seminar for Dearborn Heights ... With 1,170 homes in her commission district currently in mortgage foreclosure, Wayne County Commissioner Diane Webb (D-Garden City) is bringing the countys award-winning Mortgage Foreclosure Prevention Program to her district to help residents in need. (Sat, 17 Apr 2010 05:20:55 -0700)
Home buyers facing tighter mortgage rules Real estate agent Marcus Caporicci calls it creative financing and expects to see more of it when tighter qualifying rules for mortgages take effect on Monday. (Sat, 17 Apr 2010 08:26:48 -0700)
FREEHOLD: Mom, Son Convicted in Mortgage Fraud A Monmouth County man and his mother have been convicted of defrauding seven mortgage lenders out of more than $4 million. (Sat, 17 Apr 2010 11:32:22 -0700)
Monmouth County man, mother are convicted in mortgage fraud scheme FREEHOLD A Monmouth County man and his mother have been convicted of defrauding seven mortgage lenders out of more than $4 million. John Pereless, a 42-year-old Colts Neck resident, was found guilty Friday on all 25 counts against him.... (Sat, 17 Apr 2010 12:02:22 -0700)
FSCS steps in to protect mortgage victims Consumers can now claim compensation if they have lost money as a result of their dealings with five mortgage advisers, the Financial Services Compensation Scheme (FSCS) has said. (Sat, 17 Apr 2010 16:07:45 -0700)
Goldman case likely to unleash torrent of lawsuits The fraud charges against Goldman Sachs & Co. that rocked financial markets Friday are no slam dunk, as hazy evidence and strategic pitfalls could easily trip up government lawyers. (Sat, 17 Apr 2010 16:23:32 -0700)
Alleged state mistakes lead to Beach Mortgage closure Leslie Beach, a former loan broker, recently added one of her businesses to the ever increasing list of closures in Fallon, but she said she could have remained open had the nation and state of Nevada handled certain problems differently. "Because of the office of the Division of Mortgage & Lending and the failure to educate those whom they employ - after 10 plus years - I am out of business ... (Sat, 17 Apr 2010 18:26:27 -0700)
Treasury Auctions Set for This Week The following tax-exempt fixed-income issues are scheduled for pricing this week. (Sat, 17 Apr 2010 20:17:56 -0700)
NJ mom, son convicted in mortgage fraud FREEHOLD, N.J. (AP) A Monmouth County man and his mother have been convicted of defrauding seven mortgage lenders out of more than $4 million. John Pereless, a 42-year-old Colts Neck resident, was found guilty Friday on all 25 counts against him. (Sat, 17 Apr 2010 20:54:29 -0700)
Mortgage mods need not hurt credit Financially stressed homeowners looking to cut their mortgage payments through a loan modification, short sale... (Sat, 17 Apr 2010 21:11:03 -0700)
Mortgage woes pose dilemma In the real estate industry, new terms are coined as the need arises. On a recent trip to the Lower 48, we were in an area with a high foreclosure rate, and we heard an interesting new phrase -- "house arrest." This means that you owe more than your home is worth (so your house is considered "underwater"), but you can still afford to make your mortgage payment. (Sat, 17 Apr 2010 22:57:38 -0700)
Do I need a buy-to-let mortgage? Q I am in the middle of a three-year fixed-rate deal at 6.05%, but am looking to remortgage on to something better. I am also saving to take a career break of six to 12 months. I would like to let my house while I am away. Do I need a buy-to-let mortgage even though this is my principle residence, which I have lived in for 10 years? BS A If you are halfway through a fixed-rate deal it is ... (Sun, 18 Apr 2010 00:21:30 -0700)
Right appraiser was key to refi Mortgage broker: Fif Ghobadian, Guarantee Mortgage, Opera Plaza Property: A two-bedroom, two-bath condo in South Park Appraised value: $975,000 Loan amount: $720,000 Loan type: 30-year fixed Rate: 5.375 percent Backstory: The borrowers had attempted to... (Sun, 18 Apr 2010 00:33:20 -0700)
Wayne County news briefs: Get free help with mortgage woes With 202 homes in Garden City in mortgage foreclosure, the county's award-winning Mortgage Foreclosure Prevention Program is coming to town to help residents in need. (Sun, 18 Apr 2010 00:35:16 -0700)
Home calendar Detroit's Historic Boston-Edison Home Preservation Fair: Owners of older and historic homes can meet and discuss their repair/preservation needs with prescreened contractors and home repair specialists from noon-5 p.m. Sat. at Sacred Heart Seminary, 2701 Chicago Blvd. in Detroit. Free. 313-883-4360, ext. 4; www.historicbostonedison.org (Sun, 18 Apr 2010 00:37:57 -0700)
Consumer loan rates Springfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat. (Sun, 18 Apr 2010 01:07:16 -0700)
Two men plead guilty in massive mortgage scam Two Ohio men pleaded guilty to conspiracy charges in federal court for their roles in a massive mortgage scam. (Sun, 18 Apr 2010 03:28:51 -0700)
Zaki loan cut short by Tigers Hull boss Iain Dowie has brought Amr Zaki's loan spell to a premature end due to the knee injury suffered by the striker. (Sun, 18 Apr 2010 06:17:58 -0700)
Goldman Sachs defends mortgage deals In the eye of a storm on charges of fraud, investment banking major Goldman Sachs has always fended off criticism that it reaped huge profits by betting against residential mortgage products. (Sun, 18 Apr 2010 06:21:38 -0700)
NJ mom, son convicted in mortgage fraud A Monmouth County man and his mother have been convicted of defrauding seven mortgage lenders out of more than $4 million. (Sun, 18 Apr 2010 07:47:48 -0700)
Hull call time on crock Zakis loan deal Amr Zaki's frustrating loan spell at Hull has come to an end prematurely due to injury.
