Mortgage News Feb 2012

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How to lock a mortgage rate for a good deal
You might never get the lowest mortgage interest rate of all time, but with a little knowledge, timing and luck, you can lock in the lowest rate available while you're shopping.Mortgage rates fluctuate ... (Wed, 01 Feb 2012 00:01:47 -0800)

Prosecutors in Charlie White's trial say documents prove voter fraud
Prosecutors delved into documents regarding Charlie White's home loan and employment during his trial Tuesday to try to show that he lived in a townhome with his new wife when he claimed to be sharing a home with his ex-wife. (Wed, 01 Feb 2012 01:51:16 -0800)

Danish Risk Rekindled as Yield Hunt Stokes Mortgage Bonds
Investors are rediscovering yield in Denmark as mortgage bond issuance crowds out the government’s plan for an early surge in debt sales. (Wed, 01 Feb 2012 02:00:45 -0800)

Housing Recovery Plan Called Into Question
NEW YORK CITY-Just one short week ago, President Barack Obama called for “no more red tape” and “no more runaround” from the banks, offering homeowners the chance to save about $3,000 a year on their mortgage by refinancing at historically low rates. (Wed, 01 Feb 2012 03:49:11 -0800)

Mortgage applications dipped last week: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages slipped last week, even as interest rates also eased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.9 percent in the week ended Jan 27. The MBA's seasonally adjusted index of ... (Wed, 01 Feb 2012 04:26:03 -0800)

Mortgage applications dipped last week: MBA
Applications for U.S. home mortgages slipped last week, even as interest rates also eased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage ... (Wed, 01 Feb 2012 04:26:03 -0800)

Obama aims to broaden mortgage refinancing
WASHINGTON — The Obama administration is trying to fix a stubborn drag on the economy by allowing all homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth, tackling a difficult issue of vital concern in states key to President Barack Obama's re-election. (Wed, 01 Feb 2012 04:45:58 -0800)

Obama to detail broader housing refinance plan
The Obama administration is trying to fix a stubborn drag on the economy by allowing millions of more homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth, tackling a difficult issue of vital concern in states key to President Barack Obama's re-election. (Wed, 01 Feb 2012 04:49:48 -0800)

Obama plans assistance for rentals, mortgage refinancing
Obama plans assistance for rentals, mortgage refinancing By Lorraine Woellert Bloomberg News Published Feb 1, 2012 08:15AM MDT President Barack Obama will announce a package of proposals to jolt the housing market out of its doldrums, including an effort to help more borrowers take advantage of historically low mortgage interest rates, the White House said Tuesday. The president, following up on ... (Wed, 01 Feb 2012 07:28:27 -0800)

Obama Outlining Mortgage Refinancing Plan
WASHINGTON -- The Obama administration is trying to fix a stubborn drag on the economy by allowing millions of more homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth, tackling a difficult issue of vital concern in states key to President Barack Obama's re-election. (Wed, 01 Feb 2012 07:51:57 -0800)

Obama to detail broader housing refinance plan
The Obama administration is trying to fix a stubborn drag on the economy by making it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe ... (Wed, 01 Feb 2012 08:01:22 -0800)

White House details mortgage refinancing plan for homeowners
The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments. (Wed, 01 Feb 2012 08:33:34 -0800)

Refinance or Pay Off Mortgage on Rental?
At today's rates, refinancing a rental has its advantages. Weigh these reasons before doing it. (Wed, 01 Feb 2012 08:34:23 -0800)

Video: Obama unveils mortgage refinancing plan
President Obama on Wednesday urged Congress to make it easier for homeowners to refinance their mortgages at lower interest rates even if they owe more than the value of their home. (Wed, 01 Feb 2012 09:36:05 -0800)

Obama unveils mortgage refinancing plan
President calls on Congress to pass plan that would make it easier for Americans to refinance, create "Homeowners Bill of Rights" (Wed, 01 Feb 2012 09:51:41 -0800)

White House details mortgage refinancing plan for homeowners
The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments. (Wed, 01 Feb 2012 09:55:41 -0800)

Obama Outlines New Housing Refinance Plan
President Obama today announced his latest plan to revive the housing market, outlining a proposal intended to help homeowners take advantage of historically low mortgage interest rates, even if they owe more than their homes are worth. “This housing crisis struck right at the heart... (Wed, 01 Feb 2012 09:57:35 -0800)

Obama proposes home loan refinancing plan
Obama proposes home loan refinancing plan (Wed, 01 Feb 2012 10:17:00 -0800)

Obama proposes home loan refinancing plan
Obama proposes home loan refinancing plan (Wed, 01 Feb 2012 10:17:00 -0800)

Obama proposes new home loan refinancing plan
The Obama administration on Wednesday detailed its latest plan to help millions of homeowners refinance their mortgages to today's historically-low rates. (Wed, 01 Feb 2012 10:28:18 -0800)

President Obama's Mortgage Refinance Plan Just a Bid for Votes
COMMENTARY | The Associated Press is reporting that President Barack Obama is planning to push for legislation that would allow millions of homeowners with government-backed mortgages to refinance their loans to take advantage of the historically low interest rate. (Wed, 01 Feb 2012 10:59:00 -0800)

National Family Mortgage Passes $20 Million in Peer-to-Peer Mortgage Loans Between Family Members
BOSTON, MA-- - National Family Mortgage , America's premier peer-to-peer lending solution for home loans between relatives, today announced that it has passed $20 million in total mortgage loan originations. ... (Wed, 01 Feb 2012 11:05:00 -0800)

Mortgage activity slows slightly
WASHINGTON, Feb. 1 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity fell 2.9 percent in the week ending Friday, although long-term interest rates also fell slightly. (Wed, 01 Feb 2012 11:14:44 -0800)

Obama proposes home loan refinancing plan
President Barack Obama proposed a plan aimed at helping millions of homeowners refinance their mortgages to today's historically-low rates. To pay for it though, he'll need $5 billion to $10 billion. The plan would allow borrowers who are current on their mortgage to save thousands of dollars by refinancing into loans backed by the Federal Housing Administration, according to the U.S. Department ... (Wed, 01 Feb 2012 11:18:14 -0800)

Obama proposes new home loan refinancing plan
The Obama administration on Wednesday detailed its latest plan to help millions of homeowners refinance their mortgages to today's historically-low rates. (Wed, 01 Feb 2012 11:28:02 -0800)

Mortgage lending tightens for self-employed, immigrants
Canada’s hot housing market and record levels of household debt are a concern far beyond just the Ottawa offices. Here's what lenders are doing about it. (Wed, 01 Feb 2012 11:30:50 -0800)

Obama proposes new home loan refinancing plan
The Obama administration on Wednesday detailed its latest plan to help millions of homeowners refinance their mortgages to today's historically-low rates. The plan, which requires approval by Congress, would allow borrowers who are current on their mortgage to save an average of $3,000 a year by refinancing into loans backed by the Federal Housing Administration, according to the U.S. Department ... (Wed, 01 Feb 2012 11:33:18 -0800)

Mortgage Plan Aims at Refinancing
President Obama said the new package of legislation would make it easier for millions of homeowners to refinance at today’s historically low interest rates. (Wed, 01 Feb 2012 11:47:46 -0800)

Exclusive: Mortgage deal would give states enforcement clout
(Reuters) - A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday. Under the settlement, which states are currently reviewing to decide whether they will join, the states and a separate "monitoring committee" will have the authority to go to ... (Wed, 01 Feb 2012 12:44:36 -0800)

Invesco Mortgage Capital Inc. to Present at Credit Suisse Financial Forum
ATLANTA, Feb. 1, 2012 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR - News) is scheduled to present at the Credit Suisse 13th Annual Financial Services Forum to be held in Miami, FL on February 9, ... (Wed, 01 Feb 2012 13:05:00 -0800)

Capstead Mortgage Corporation Announces Fourth Quarter 2011 Results
Capstead Mortgage Corporation today reported net income of $41,968,000 or $0.43 per diluted common share for the quarter ended December 31, 2011. (Wed, 01 Feb 2012 13:10:00 -0800)

Mortgage Bonds Recover; Investors Discount Obama Refinancing Plan
Mortgage Bonds Recover; Investors Discount Obama Refinancing Plan (Wed, 01 Feb 2012 14:03:07 -0800)

Mortgage Bonds Recover; Investors Discount Obama Refinancing Plan
Mortgage bond investors expressed skepticism Wednesday over the latest White House proposal to refinance millions of additional U.S. home loans, and stepped cautiously back into securities most likely to be affected by the effort. (Wed, 01 Feb 2012 14:46:14 -0800)

How to Lock a Mortgage Rate
Lock a low mortgage rate by comparing a lineup of rates and taking care of timing. (Wed, 01 Feb 2012 15:04:03 -0800)

Kiwibank Home Loan Rate Changes
Kiwibank has made a number of home loan interest rate changes, effective Friday February 3, including ending the short-term “special” four-year fixed rate. (Wed, 01 Feb 2012 15:57:39 -0800)

Obama plan to lower mortgage payments could help, but how much?
President Obama fleshed out a new mortgage-relief plan Wednesday, saying the steps he outlines would "help millions of responsible homeowners" and the US economy. (Wed, 01 Feb 2012 16:13:17 -0800)

Banks prepared to face customer rate rage
A mortgage specialist is urging borrowers to hunt around for a better home loan deal if their lender does not pass on official interest rate cuts in full, as the banking industry tries to explain how rate ... (Wed, 01 Feb 2012 17:46:10 -0800)

Mortgage Deal Would Give States Enforcement Clout
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday. (Wed, 01 Feb 2012 17:48:06 -0800)

Obama presents mortgage refinancing plan
Washington, Feb 2 (IANS/EFE) President Barack Obama Wednesday presented a plan to revitalize the US real estate market that would allow millions of homeowners to refinance their mortgages and take advantage of the current historically low interest rates. (Wed, 01 Feb 2012 20:19:26 -0800)

Obama Plans Assistance for Rentals, Mortgage Refinancing
President Barack Obama announced a package of proposals to jolt the housing market, his latest effort to reignite the economy after four years of foreclosures and falling home prices. (Wed, 01 Feb 2012 21:37:52 -0800)

Home loan workshop offered by Wells Fargo
Wells Fargo will host a free "Home Preservation Workshop" over two days next week at the S (Wed, 01 Feb 2012 22:51:02 -0800)

Obama plan would tax banks to help homeowners refinance
Putting meat on the bones of a State of the Union pledge, President Barack Obama on Wednesday unveiled a controversial plan to help homeowners who are current on their mortgage payments refinance their mortgages into federally insured loans at today's extremely low rates. (Thu, 02 Feb 2012 00:10:37 -0800)

Obama Outlines Fresh Mortgage Refinancing Plan
President Obama is trying again to revive the nation's housing market. Past efforts have come up short, and this one faces long odds in Congress. On Wednesday, he outlined a program designed to make it easier for homeowners to refinance into cheaper mortgages. (Thu, 02 Feb 2012 02:08:59 -0800)

President Obama Calls On Congress To Pass New Mortgage Refinance Plan
U.S. President Barack Obama has called on Congress to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. (Thu, 02 Feb 2012 02:53:34 -0800)

Mortgage rates plunge to record lows again
Mortgage rates plummeted this week, reaching record lows, as the Obama administration makes another attempt to help underwater homeowners refinance their mortgages to take advantage of the superlow rates. (Thu, 02 Feb 2012 03:32:01 -0800)

Bankrate: Mortgage Rates Hit New Record Lows - Again
NEW YORK, Feb. 2, 2012 /PRNewswire/ -- This week brought yet another record low in mortgage rates, with the average 30-year fixed mortgage rate falling to 4.12 percent, according to Bankrate.com's weekly ... (Thu, 02 Feb 2012 04:30:00 -0800)

Western Asset Mortgage Defined Opportunity Fund Inc. as of December 31, 2011
Western Asset Mortgage Defined Opportunity Fund Inc. announces its portfolio composition as of December 31, 2011. (Thu, 02 Feb 2012 05:30:00 -0800)

Mortgages: Mortgage rates fall once more to record lows
Mortgage rates hit record lows this week, after growth in the economy fell short of expectations, Freddie Mac’s chief economist said on Thursday. (Thu, 02 Feb 2012 07:45:14 -0800)

Mortgage rates fall to new lows
Mortgage rates once again hit new lows in response to the slowly growing economy (Thu, 02 Feb 2012 08:02:33 -0800)

Mortgage rates trigger surge in buying, refinancing
Some sectors of the economy may still be sluggish, but the housing market in Lawrence County isn’t one of them. Mortgage loans, both for refinancing and home purchases, are up significantly in the last several months in the county, according to local banks and real estate agents. (Thu, 02 Feb 2012 08:51:26 -0800)

85 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in Fourth Quarter: 26-Year High
MCLEAN, Va., Feb. 2, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC.OB - News) released the results of its fourth quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house. ... (Thu, 02 Feb 2012 10:00:00 -0800)

Mortgage Q&A: Running the numbers on refinancing
Q. I'd like your sage advice on whether you think I should consider refinancing. My current loan balance is $250,000 with a fixed interest rate of 5.50 percent on a 20-year term. Our monthly principal-and-interest payment is $2,710. Our property is worth at least $600,000. I have been making an ... (Thu, 02 Feb 2012 10:27:27 -0800)

Mortgage rates hit a record low
Mortgage rates hit a record low (Thu, 02 Feb 2012 10:36:00 -0800)

Mortgage rates hit another new low
Just one day after President Obama detailed a proposal to enable millions of homeowners to refinance to record-low mortgage rates, those rates notched another record. (Thu, 02 Feb 2012 10:54:37 -0800)

Illinois accuses mortgage firm of robosigning
(Reuters) - The attorney general in Illinois on Thursday sued a mortgage document firm and said it filed "faulty" documents with local governments in a rush to process mortgages and foreclosures. Nationwide Title Clearing Inc was a "key contributor" to the mortgage crisis by "undermining the integrity and accuracy of the mortgage servicing and foreclosure process," Attorney General Lisa Madigan ... (Thu, 02 Feb 2012 11:24:46 -0800)

Rate on 30-year mortgage falls to record 3.87 pct.
The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed. (Thu, 02 Feb 2012 16:01:46 -0800)

Mortgage rates: new record lows. Again.
Mortgage rates drop to 3.87 percent for a fixed 30-year loan; 15-year fixed mortgage rates fall to 3.14 percent. That's the lowest in more than a half century of data. (Thu, 02 Feb 2012 22:41:35 -0800)

Security America Mortgage, Inc. Extends the Mortgage Lending Industry Standards, Providing Low Interest Refinance ...
Security America Mortgage, Inc. extends the mortgage lending industry standards by providing the lowest interest refinance rates on jumbo VA loans and general VA home loans for all United States Veterans.FL, TX, CO, OK, AR, NC, CA (PRWEB) February 03, 2012 Security America Mortgage, Inc. put a high value on the happiness of all American Veteran and Military War Heroes. Recently, the company ... (Fri, 03 Feb 2012 00:09:01 -0800)

Security America Mortgage, Inc. Extends the Mortgage Lending Industry Standards, Providing Low Interest Refinance ...
Security America Mortgage, Inc. extends the mortgage lending industry standards by providing the lowest interest refinance rates on jumbo VA loans and general VA home loans for all United States Veterans. (PRWeb February 03, 2012) Read the full story at http://www.prweb.com/releases/20 (Fri, 03 Feb 2012 00:35:28 -0800)

Mortgage rates plunge to record lows again
Mortgage rates plummeted this week, reaching record lows, as the Obama administration makes another attempt to help underwater homeowners refinance their mortgages to take advantage of the superlow rates. (Fri, 03 Feb 2012 03:34:54 -0800)

Challenging Economy Continues to Weigh on Mortgage Insurers
NEW YORK, NY-- - Expectations for Mortgage Insurers remain poor in 2012 as significant weakness remains in the jobs and housing markets. In late January, S&P lowered its outlook on three mortgage insurers ... (Fri, 03 Feb 2012 05:20:00 -0800)

New York sues banks over electronic mortgage system
NEW YORK (Reuters) - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices, including false documents in foreclosure proceedings. Schneiderman, co-chair of a new mortgage crisis unit under President Barack Obama, filed a lawsuit against Bank of ... (Fri, 03 Feb 2012 10:28:53 -0800)

UMH Properties, Inc. Announces New Mortgage Loan
FREEHOLD, N.J., Feb. 3, 2012 /PRNewswire/ -- UMH Properties, Inc. (NYSE Amex:UMH) today announced that it has entered into a new $11,400,000 mortgage loan with Bank of America, N.A. to refinance two manufactured ... (Fri, 03 Feb 2012 12:15:00 -0800)

The new Obama refinance plan
The White House has made available details of its newest proposal to help underwater homeowners refinance their mortgages to lower interest rates. (Fri, 03 Feb 2012 12:44:44 -0800)

Rise In Risky Mortgage-Bond Trading May Invite Fed $6 Billion Sale
Trading in the riskiest mortgage-backed securities has more than doubled since the start of the year, encouraging once-shy investors to try to strike deals with motivated sellers, including the Federal Reserve Bank of New York. (Fri, 03 Feb 2012 13:25:06 -0800)

Risky Mortgage-Bond Trading Rise May Invite Fed Sale
Trading in the riskiest mortgage-backed securities has more than doubled since the start of the year, encouraging once-shy investors to try to strike deals with motivated sellers, including the Federal Reserve Bank of New York. (Fri, 03 Feb 2012 14:44:36 -0800)

Home loan loses elbow room
"This overstates the realisable value of the property as stamp duty, registration and other documentation charges are not realisable and consequently the margin stipulated (up to which banks should finance a property) gets diluted. Accordingly, banks should not include these charges in the cost of the housing property they finance." (Fri, 03 Feb 2012 16:00:00 -0800)

Rental income may not help refinancers qualify for mortgage
The common myth among refinancing homeowners is that the mortgage industry will count the rental income they are receiving from their homes. (Sat, 04 Feb 2012 01:42:46 -0800)

TexasLending.com to Discuss Home Loan Options on Radio KLIF in Dallas, Texas
CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the various home loan options available from TexasLending.com including refinance loans, home equity loans, home purchase loans, reverse mortgages and FHA loans on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio in Dallas.Dallas, Texas (PRWEB) February 04, 2012 Kevin Miller, CEO and ... (Sat, 04 Feb 2012 02:02:18 -0800)

Obama pressures Congress on mortgage refinance program
President Obama is rallying support for his plan to expand government assistance to homeowners, pressuring Congress to help lower lending rates for millions of strapped homeowners.  (Sat, 04 Feb 2012 05:49:31 -0800)

Mortgage Tornado Warning, Unheeded
Inspired by a personal experience, a businessman became an unlikely sleuth into the practices of the mortgage industry, including Fannie Mae — and his findings have been prescient. (Sat, 04 Feb 2012 12:17:46 -0800)

An Easier Path to Refinancing
President Obama’s new mortgage refinancing plan could provide considerable relief for millions of homeowners shackled to high interest rates, if Congress approves it. (Sat, 04 Feb 2012 13:46:48 -0800)

Obama Plans Assistance for Rentals, Mortgage Refinancing
President Barack Obama announced a package of proposals designed to jolt the housing market, his latest effort to reignite the economy after four years of foreclosures and falling home prices. (Sat, 04 Feb 2012 14:56:39 -0800)

Mortgage Rates New Record Low Attracts Attention From Consumers According To BurlingtonMortgage.biz
Mortgage Rates New Record Low Attracts Attention From Consumers According To BurlingtonMortgage.biz Home mortgage rates have set yet another record, dropping to new lows for 30 year fixed, 15 year fixed, and 5 year ARM home loans, according to mortgage rate research website, BurlingtonMortgage.biz. "Around the holidays refinancing or buying a home just isn't on most people's radars" explains Nat ... (Sat, 04 Feb 2012 15:16:49 -0800)

Breaking News Over How to Get Pre-Qualified for a Jumbo VA Loan in the United States Reaches Military Veterans by the ...
Breaking News Over How to Get Pre-Qualified for a Jumbo VA Loan in the United States Reaches Military Veterans by the Home Loan Experts, Security America Mortgage, Inc. Breaking News Over How to Get Pre-Qualified for a Jumbo VA Loan in the United States Reaches Military Veterans by the Home Loan Experts, Security America Mortgage, Inc. Security America Mortgage, Inc. recently announced to ... (Sat, 04 Feb 2012 15:16:59 -0800)

TexasLending.com to Discuss Home Loan Options on Radio KLIF in Dallas, Texas
TexasLending.com to Discuss Home Loan Options on Radio KLIF in Dallas, Texas CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the various home loan options available from TexasLending.com including refinance loans, home equity loans, home purchase loans, reverse mortgages and FHA loans on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio in ... (Sat, 04 Feb 2012 17:54:38 -0800)

Mortgage Relief Plan Is Closer to Winning Support of 2 Key States
Potential support from California and New York would come in exchange for tightening provisions in order to preserve the right to investigate past misdeeds by the banks, and stepping up oversight. (Sat, 04 Feb 2012 18:16:38 -0800)

Reverse mortgage may be best option for elderly homeowner
A reverse mortgage would enable an 82-year-old woman who needs cash to tap the substantial equity in her home. Dear Liz: My healthy and active 82-year-old mother is faced with having to sell her home this year because she's running out of money. She has lived a very minimal lifestyle for many years as her savings dwindled, and her income is now basically Social Security. She owes $25,000 on a ... (Sun, 05 Feb 2012 00:03:21 -0800)

Hockey, Swan shadow-boxing on home loan costs
FRESH row erupts over home loan rates as Labor and Coalition bicker before the RBA's predicted cut tomorrow. (Sun, 05 Feb 2012 05:00:00 -0800)

Westpac delays repayment cuts
Westpac home loan customers are still waiting for the bank to pass on two pre-Christmas interest rate cuts. (Sun, 05 Feb 2012 05:10:31 -0800)

Borrower needs to refinance
QUESTION: I'm not sure where to turn with respect to what's going on with our mortgage. I have been with my lender (a big national bank) for almost 13 years, and I have been trying unsuccessfully to refinance with them for the past couple of years. (Sun, 05 Feb 2012 05:14:14 -0800)

Westpac slow to pass on rate cuts
Home loan customers still waiting for bank to pass on pre-Christmas interest rate cuts. (Sun, 05 Feb 2012 05:43:30 -0800)

Westpac slow to pass on rate cuts
Westpac home loan customers are still waiting - some up to four months - for the bank to pass on two pre-Christmas interest rate cuts. The bank says it is ''an opportunity for the customer to get ahead by paying more than they need to''. (Sun, 05 Feb 2012 13:08:21 -0800)

JPMorgan, BofA Sued by New York Over Use of Mortgage Database
JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures. (Sun, 05 Feb 2012 16:20:16 -0800)

California may join multi-state mortgage settlement
California has until Monday to share in a multi-state deal with banks to obtain mortgage relief and reforms. Atty. Gen. Kamala Harris, who walked away from talks last year, says the door remains open. With a Monday deadline at hand, California officials have resumed direct talks with the Obama administration about joining a multibillion-dollar, multi-state mortgage settlement with the nation's ... (Mon, 06 Feb 2012 00:31:33 -0800)

NAB vow to trump rivals' rates
NATIONAL Australia Bank has kicked off a home-loan war by pledging its standard variable rate will be lower than any of its major rivals for the rest of the year. (Mon, 06 Feb 2012 04:30:00 -0800)

NAB pledges to trump rivals on rates
NATIONAL Australia Bank has kicked off a home-loan war by pledging its standard variable rate will be lower than any of its major rivals for the rest of the year. (Mon, 06 Feb 2012 04:30:00 -0800)

JPMorgan, BofA Sued by New York Over Use of Mortgage Database
JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures. (Mon, 06 Feb 2012 04:39:24 -0800)

KEEN INTEREST: NAB fires a rates salvo at the big banks
NAB kicks off home-loan war, pledging its standard variable rate will be lower than any of its major rivals for the rest of the year. (Mon, 06 Feb 2012 05:00:00 -0800)

Bank vows cut-price rates war
CHAT AT 2PM: NAB kicked off a home loan war by pledging its standard variable rate would be lower than any of its big four rivals. (Mon, 06 Feb 2012 05:00:00 -0800)

Housing loans rate war
CHAT AT 2PM: NAB kicked off a home loan war by pledging its standard variable rate would be lower than any of its big four rivals. (Mon, 06 Feb 2012 05:00:00 -0800)

"Hidden" mortgage fee paying for payroll tax cut
New home buyers left holding the bag for two-month extension of payroll tax cuts, exclusive CBS News investigation finds (Mon, 06 Feb 2012 05:06:33 -0800)

Banks' home loan fears
Banks could pull back from lending to new home owners after making losses on mortgages. (Mon, 06 Feb 2012 05:07:41 -0800)

Banks' home loan fears
Banks could pull back from lending to new home owners after making losses on mortgages. (Mon, 06 Feb 2012 05:09:45 -0800)

Banks' home loan fears
Banks could pull back from lending to new home owners after making losses on mortgages. (Mon, 06 Feb 2012 05:20:11 -0800)

Banks' home loan fears
Banks could pull back from lending to new home owners after making losses on mortgages. (Mon, 06 Feb 2012 08:22:32 -0800)

First Person: Refinancing My Mortgage for the Right Reasons
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. (Mon, 06 Feb 2012 08:45:00 -0800)

What The Mortgage Relief Plan Would Do For Homeowners
After more than a year of wrangling over various mortgage relief proposals, influential state leaders seem close to adopting a plan that Pres. Obama announced Feb. 1.  Attorney General Eric T. Schneiderman of New York and California’s attorney general, Kamala Harris have indicated they are closer to agreement than in the past. (Mon, 06 Feb 2012 09:27:19 -0800)

California may join multi-state mortgage settlement
California has until Monday to share in a multi-state deal with banks to obtain mortgage relief and reforms. Atty. Gen. Kamala Harris, who walked away from talks last year, says the door remains open. With a Monday deadline at hand, California officials have resumed direct talks with the Obama administration about joining a multibillion-dollar, multi-state mortgage settlement with the nation's ... (Mon, 06 Feb 2012 09:32:07 -0800)

Mortgage relief: Partial plan better than none
The architects of the joint state-federal mortgage releief plan believe it would be better for homeowners to get a partial deal than nothing at all, according to sources. (Mon, 06 Feb 2012 11:34:29 -0800)

NAB sparks bank war with low-rates pledge
NATIONAL Australia Bank has started a home-loan war by vowing its standard variable rate will be lower than its major rivals' for the rest of the year. (Mon, 06 Feb 2012 13:20:21 -0800)

First Person: Maybe Now We Can Finally Refinance Our Underwater Mortgage
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. (Mon, 06 Feb 2012 13:33:00 -0800)

Mortgage Plan Is Not a Flotation Device
By trying to help borrowers without appearing to bail them out, Obama would leave homeowners submerged (Mon, 06 Feb 2012 14:56:38 -0800)

Mortgage deal faces setbacks, again
(Reuters) - A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it. States had been given two weeks to assess a proposed settlement, under which top U.S. banks would pay up to $25 billion in exchange for resolving civil ... (Mon, 06 Feb 2012 16:11:21 -0800)

Should you refinance again?
Even if you just refinanced not so long ago, the benefits of doing so again may well outweigh standing pat. (Mon, 06 Feb 2012 17:17:27 -0800)

Banks in Mortgage Deal Said to Demand N.Y. MERS Suit Be Dropped
Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. made a last minute demand that New York drop claims filed against them last week as a condition of a nationwide settlement over foreclosure abuses, a person familiar with the matter said. (Mon, 06 Feb 2012 17:31:12 -0800)

Home loan affordability improves as median house price slips
Home loan affordability improved in December after median house prices dipped nationwide, helping to lift demand from first home buyers who see record low interest rates staying lower for longer and who can now use their KiwiSaver money as a deposit. (Mon, 06 Feb 2012 18:43:04 -0800)

Mortgage Deal Faces Setbacks as Many States Ignore Deadline
A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it. (Mon, 06 Feb 2012 20:54:46 -0800)

Pakatan tells Raja Nong Chik to ‘polish up’ subprime knowledge
KUALA LUMPUR, Feb 7 — Three Pakatan Rakyat (PR) leaders accepted today Raja Datuk Nong Chik Raja Zainal Abidin’s debate dare over the controversial RM1.5 billion home loan plan to be financed by the Employees Provident Fund (EPF). (Mon, 06 Feb 2012 22:47:24 -0800)

Bank vows rates war
NAB last night kicked off a home loan war by pledging its standard variable rate would be lower than any of its big four rivals. (Tue, 07 Feb 2012 01:41:04 -0800)

Canadian Mortgage Rates Market Expected to Cool
TORONTO, ONTARIO-- - Recent fluctuations in variable and fixed mortgage rates have left Canadian consumers confused about future mortgage trends. The good news is that February should be less volatile, ... (Tue, 07 Feb 2012 06:00:00 -0800)

Fed Actions Drive Mortgage Rate Expectations
WASHINGTON, Feb. 7, 2012 /PRNewswire/ -- The majority of Americans continue to expect no change in mortgage rates over the next 12 months, according to results from Fannie Mae's January 2012 National Housing ... (Tue, 07 Feb 2012 06:00:00 -0800)

Prudential Mortgage Capital Company posts strong originations 2011
Prudential Mortgage Capital Company originated nearly $9.7 billion in commercial mortgages for 2011, surpassing its 2010 level of $9.1 billion, making it the company’s third largest production year ever. (Tue, 07 Feb 2012 07:00:00 -0800)

Delaware officials wrestle over mortgage deal
(Reuters) - Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday. In a sign of internal strife as holdout states decide whether to join the settlement, Delaware banking commissioner has come out in support of the deal, while the ... (Tue, 07 Feb 2012 08:38:23 -0800)

30-Year Fixed Mortgage Rate Drops to New Record Low; Current Rate is 3.66%, According to Zillow Mortgage Rate Ticker
SEATTLE -- The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 3.66 percent, down six basis points from 3.72 percent at this same time last week. This represents the lowest rate ... (Tue, 07 Feb 2012 11:00:00 -0800)

Australian Borrowers Desperate For Better Deals and Sound Advice
Following today’s official cash rate announcement from the Reserve Bank, home loan advisory service iSelect is encouraging borrowers to do their homework and compare as many home loan products as possible, saying the potential savings are considerable. (PRWeb February 07, 2012) Read the full story at http://www.prweb.com/releases/20 (Tue, 07 Feb 2012 11:12:35 -0800)

Analysis: Banks largely reserved for U.S. mortgage pact cost
(Reuters) - As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines. After more than a year of negotiations, the banks already have set aside money to cover legal costs and have built up their reserves to cover losses from reducing how much borrowers ... (Tue, 07 Feb 2012 11:32:19 -0800)

BofA Said to Put Off Loan-Refinancing Clients as U.S. Relief Spurs Demand
Bank of America Corp., facing increased demand for mortgage refinancing amid government efforts to help struggling homeowners, is telling some customers to wait 90 days, said two people with knowledge of the policy. (Tue, 07 Feb 2012 12:07:53 -0800)

Invesco Mortgage Capital Inc. to Announce Fourth Quarter 2011 Results
ATLANTA, Feb. 7, 2012 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR - News) will announce its fourth quarter 2011 results on Thursday, February 23, 2012 at 8:30 am ET. Scheduled to speak are Richard ... (Tue, 07 Feb 2012 13:01:00 -0800)

BofA Said to Put Off Refinance Clients as U.S. Spurs Demand
Bank of America Corp., facing increased demand for mortgage refinancing amid government efforts to help struggling homeowners, is telling some customers to wait 90 days, said two people with knowledge of the policy. (Tue, 07 Feb 2012 16:02:46 -0800)

Eyes on dissident states as mortgage deal nears
(Reuters) - A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said. Negotiators said a federal-state mortgage servicing settlement already has the backing of over 40 states but so far lacks the support of a handful of critical states, including ... (Tue, 07 Feb 2012 16:44:14 -0800)

Mortgage Compliance and Real Estate Loss Mitigation Company, American Loan Compliance, Featured in National Business ...
NEW YORK, Feb. 7, 2012 /PRNewswire/ --  American Loan Compliance, America's leading loss mitigation and commercial mortgage loan audit report experts, were recently featured in the press showcasing the ... (Tue, 07 Feb 2012 20:00:00 -0800)

Khairy: EPF not at risk, loans made to Putrajaya
KUALA LUMPUR, Feb 8 — The Employees Provident Fund’s (EPF) low-cost home loan scheme will not expose the institution to bad credit risk as borrowings will be secured by the government, Khairy Jamaluddin said today. (Tue, 07 Feb 2012 20:42:04 -0800)

BofA Puts Off Refinancing Clients
Bank of America Corp., facing increased demand for mortgage refinancing amid government efforts to help struggling homeowners, is telling some customers to wait 90 days, said two people with knowledge of the policy. (Tue, 07 Feb 2012 21:48:16 -0800)

UK home loan affordability hits new low
Home loan payments for new borrowers in the UK reached their lowest level in the second half of last year, according to recent research published by Halifax. (Tue, 07 Feb 2012 22:00:23 -0800)

BofA Puts Off Refinancing Clients
Bank of America Corp., facing increased demand for mortgage refinancing amid government efforts to help struggling homeowners, is telling some customers to wait 90 days, said two people with knowledge of the policy. (Tue, 07 Feb 2012 22:02:56 -0800)

UK home loan affordability reaches new low
Home loan payments for new borrowers in the UK reached their lowest level in the second half of last year, according to recent research published by Halifax.The lender said that the typica (Tue, 07 Feb 2012 23:04:36 -0800)

UK home loan affordability reaches new low
Home loan payments for new borrowers in the UK reached their lowest level in the second half of last year, according to recent research published by Halifax.The lender said that the typica (Tue, 07 Feb 2012 23:04:36 -0800)

Financial institution must manage loans for unqualified buyers, says EPF
KUALA LUMPUR, Feb 8 — The Employees Provident Fund (EPF) has said it will only finance a controversial home loan scheme for public housing if this is administrated by a financial institution. EPF officials told Pakatan Rakyat (PR) lawmakers today that the institution would also only lend money directly to the federal government for the scheme, ... (Wed, 08 Feb 2012 00:21:09 -0800)

EPF housing loan 'comes with 2.67 times guarantee'
Although not all their questions have been answered, Pakatan Rakyat MPs are somewhat comforted by the Employees Provident Fund's (EPF) clarification on the RM1.5 billion home-loan plan. (Wed, 08 Feb 2012 00:28:38 -0800)

EPF in talks with FT agency over RM300m home loan
KUALA LUMPUR, Feb 8 — The Employees Provident Fund (EPF) said today it is in talks with a government agency to provide loans to city renters to buy homes but that the deal has not been inked. (Wed, 08 Feb 2012 02:33:53 -0800)

Mortgage applications jump on refi demand: MBA
Applications for home mortgages jumped last week, fueled by increased demand for refinancing as interest rates fell, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally ... (Wed, 08 Feb 2012 04:56:43 -0800)

Mortgage applications jump on refi demand: MBA
NEW YORK (Reuters) - Applications for home mortgages jumped last week, fueled by increased demand for refinancing as interest rates fell, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 7.5 percent in the week ended Feb 3. The MBA's seasonally ... (Wed, 08 Feb 2012 04:56:43 -0800)

US Mortgage Applications Jump on Refi Demand: MBA
Applications for U.S. home mortgages jumped last week, fueled by increased demand for refinancing as interest rates fell, an industry group said on Wednesday. (Wed, 08 Feb 2012 04:58:00 -0800)

PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2011 Results
PennyMac Mortgage Investment Trust today reported net income for the fourth quarter of 2011 of $19.6 million, or $0.70 per diluted share, on total net investment income of $39.1 million. (Wed, 08 Feb 2012 05:30:00 -0800)

MBA: Refinance activity increases as mortgage rates fall to record low
The Refinance Index increased 9.4 percent from the previous week. The seasonally adjusted Purchase Index increased 0.1 percent from one week earlier. (Wed, 08 Feb 2012 05:54:47 -0800)

Tree.com Amends Definitive Agreement to Sell Certain Assets of Home Loan Center, Inc. to Discover Financial Services
CHARLOTTE, N.C., Feb. 8,  2012  /PRNewswire/ -- Tree.com, Inc. (NASDAQ: TREE - News) today announced that it has signed an amendment to the asset purchase agreement related to the sale of substantially all of ... (Wed, 08 Feb 2012 06:00:00 -0800)

Gateway Mortgage Group Experiences Record Loan Volume in 2011
Gateway Mortgage Group, a privately held mortgage company providing conventional, FHA and VA loans through 50 retail branches nationwide, announced that the company saw record grow (Wed, 08 Feb 2012 06:00:00 -0800)

Mortgage refinancing is on the rise
Calculated Risk — which believes the housing market has hit bottom and should be headed back up -- points to more potential signs of healing in the market. According to the Mortgage Bankers Association , mortgage refinancing is on the rise, increasing 9.4 percent over the previous week and 5.7 percent over the past month. Read full article >> (Wed, 08 Feb 2012 07:15:00 -0800)

Mortgage Bonds Face Eye of Storm as Refinancings Decline: Credit Markets
Prepayments for Fannie Mae’s 30-year fixed-rate securities fell 8 percent last month to a pace that would erase 21.6 percent of the debt in a year, the slowest since September, data released Feb. 6 by the Washington-based company show. (Wed, 08 Feb 2012 07:37:37 -0800)

BofA asking some mortgage refinancers to wait amid strong demand, Bloomberg says
The U.S.’s Home Affordable Refinance Program has increased mortgage refinance applications and strained capacity at Bank of America (BAC), leading the bank to ask some customers to wait 60 to 90 days, ... (Wed, 08 Feb 2012 07:47:20 -0800)

BofA Delays Refis as U.S. Boosts Demand
Bank of America is telling some customers to wait 90 days for mortgage refinancing (Wed, 08 Feb 2012 08:02:36 -0800)

Mass Refi Plan Would Hit Pensions While Easing Mortgage Payments
Like many homeowners, Vicky Kovari and her husband want to refinance their mortgage. A lower interest rate would save them hundreds of dollars a month -- and it would cost them, too. (Wed, 08 Feb 2012 08:54:54 -0800)

Zillow Launches Zillow Mortgage Marketplace Android App
SEATTLE, Feb. 8, 2012 /PRNewswire/ -- Zillow® (NASDAQ:Z - News), the leading real estate information marketplace, today announced the launch of the free Zillow Mortgage Marketplace Android™ App giving home shoppers ... (Wed, 08 Feb 2012 10:00:00 -0800)

Mortgage rates: How low can they go?
the average rate for a 30 year fixed rate mortgage dropped to 3.33 percent since last week, while the purchase application volume increased 0.1 percent and the refinance application jumped 9.4 percent over the same period. (Wed, 08 Feb 2012 10:12:05 -0800)

Tree.com to Sell Certain Assets of Home Loan Center to Discover Financial Services
Revisions provide additional flexibility to facilitate the transaction and accelerate purchase price... (Wed, 08 Feb 2012 12:06:40 -0800)

Fitch Affirms GMAC Mortgage's Residential Primary & Special Servicer Ratings; Outlook Negative
Fitch Ratings has affirmed the following U.S. residential mortgage servicer ratings for GMAC Mortgage LLC as follows (These servicer ratings formerly were under the name of (Wed, 08 Feb 2012 12:39:00 -0800)

New HARP Could Help Up to 6.7 Million
Recent changes to HARP mean that some 6.7 million homeowners will be eligible to refinance their mortgage to a lower interest rate under the government-backed program. That's according to (Wed, 08 Feb 2012 14:15:24 -0800)

Travis Street Plaza Apartments Celebrates Groundbreaking
HOUSTON -- Please join city officials, representatives of Travis Street Plaza, Amegy Bank of Texas, and the Federal Home Loan Bank of Dallas (FHLB Dallas) as they break ground for Travis Street Plaza Apartments, ... (Wed, 08 Feb 2012 14:21:45 -0800)

Security America Mortgage, Inc. Proudly Announced New Sponsorship of Three (3) Brand New VA Home Loan Websites for ...
Security America Mortgage, Inc. Proudly Announced New Sponsorship of Three (3) Brand New VA Home Loan Websites for Military Buying a Home in cities located within Texas, Florida, and Colorado!Texas, Florida, Colorado, United States (PRWEB) February 08, 2012 Veterans purchasing a home using a VA Home Loan in 2012 can now take advantage of the new relocation services provided by the VA Loan ... (Wed, 08 Feb 2012 16:02:15 -0800)

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