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New mortgage form delivers mixed message
Designed by the U.S. Department of Housing and Urban Development to help borrowers better understand the terms of their mortgage loans, the new three-page form has been a required part of the mortgage application process since Jan. 1. (Thu, 11 Mar 2010 21:02:34 GMT)

Mortgage pain on the increase
The number of households facing mortgage stress has risen to a 16-month high with increases in interest costs outweighing improvements on the jobs front. (Thu, 11 Mar 2010 20:35:39 GMT)

Lloyds Banking to Allow Extra Mortgage Repayments Until 2011
Lloyds Banking Group Plc, Britain’s biggest home-loan lender, will allow customers to increase mortgage repayments without penalty, as the bank seeks to cut its 1.03 trillion-pound ($1.55 trillion) balance sheet. (Thu, 11 Mar 2010 18:52:44 GMT)

Federal Home Loan Bank of Atlanta's Affordable Housing Effort Is Creating Thousands of Jobs and Supporting Municipal ...
The Federal Home Loan Bank of Atlanta's affordable housing funds are a significant driver of job growth, housing production, and expanded tax bases, according to a research study recently completed by The Hendrickson Company and The Shimberg Center for Housing Studies at the University of Florida. (Thu, 11 Mar 2010 17:03:00 GMT)

Mortgage Rates Remain Below 5 Percent
Rates on 30-year fixed mortgages fall to 4.95 percent, weeks before Fed exit Mortgage - United States - Business - Financial Services - Connecticut (Thu, 11 Mar 2010 16:46:41 GMT)

BofA ‘Comfortable’ Bank Can Absorb Home-Equity Losses (Update1)
March 11 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Brian Moynihan said the lender, the biggest in the U.S., can absorb losses on its $149 billion home-equity loan portfolio even after the four-year slump in housing prices . (Thu, 11 Mar 2010 16:38:54 GMT)

Mortgage rates remain below 5%, fall to 4.95%
Mortgage rates held below the 5% threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire. (Thu, 11 Mar 2010 16:33:20 GMT)

Long-term mortgage rates down slightly
WASHINGTON, March 11 (UPI) -- Average interest rates for 30-year, fixed-rate mortgages held under 5 percent in the week ending March 11, the U.S. Federal Home Loan Mortgage Corp. said. (Thu, 11 Mar 2010 16:20:24 GMT)

Mortgage rates remain below 5 percent
Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire. The average rate on a 30-year fixed rate mortgage was 4.95... Mortgage - Fixed rate mortgage - Financial Services - Business - United States (Thu, 11 Mar 2010 16:15:33 GMT)

Mortgages: 30-year fixed-rate mortgage averages 4.95%
30-year fixed-rate mortgage averages 4.95%, Freddie Mac reports. (Thu, 11 Mar 2010 16:01:31 GMT)

Freddie Mac: 30-yr Fixed-rate Mortgage Rate Slips
Freddie Mac: 30-yr Fixed-rate Mortgage Rate Slips (Thu, 11 Mar 2010 15:54:28 GMT)

Mortgage Rates on 30-Year U.S. Loans Fall to 4.95% (Update2)
March 11 (Bloomberg) -- Mortgage rates in the U.S. declined for a second consecutive week as the number of home-loan applications rose. The rate for 30-year fixed mortgages fell to 4.95 percent for the week ended today from 4.97 percent, Freddie Mac said in a statement. (Thu, 11 Mar 2010 15:52:44 GMT)

Mortgage rates fall to 4.95%
Mortgage applications rose 0.5 percent. (Thu, 11 Mar 2010 15:34:06 GMT)

Research and Markets: Mortgage Lending in Poland 2010-2012
DUBLIN----Research and Markets has announced the addition of the "Mortgage Lending in Poland 2010-2012" report to their offering. (Thu, 11 Mar 2010 13:09:00 GMT)

(AFX UK Focus) 2010-03-11 11:58 UPDATE 1-Xceed Mortgage swings to Q1 net loss
March 11 (Reuters) - Insured mortgages provider Xceed Mortgage Corp swung to a first-quarter loss, hurt by negative fair-value adjustments related to its discontinued business line of uninsured mortgages. (Thu, 11 Mar 2010 12:28:29 GMT)

Donovan heading home to Los Angeles after loving life as an Everton loan star
On-loan forward Landon Donovan believes his short-term spell with Everton has been a success as he prepares for his final match with the club this weekend. (Thu, 11 Mar 2010 12:24:09 GMT)

Mortgage audit won't help loan modification
Most people facing foreclosure simply want to get reduced payments so that they can afford to keep their homes. Mortgage audits, supporters contend, can help by uncovering mistakes or legal violations in loan documents, giving homeowners a bargaining chip in negotiations with lenders. (Thu, 11 Mar 2010 11:42:20 GMT)

CashCall Mortgage Explains Why You Should 'Never Pay Closing Costs'... Traditional Lenders Upset That Industry Secret ...
ANAHEIM, Calif.----A recent radio ad by CashCall Mortgage seems to have struck a nerve with many competitors in the lending business. The commercial urges consumers ‘never to agree to pay closing costs,’ particularly for those refinancing at the same outstanding balance. (Thu, 11 Mar 2010 11:15:00 GMT)

Xceed Mortgage Reports Fiscal 2010 First-Quarter Financial Results
Xceed Mortgage Corporation , a Canadian provider of insured mortgages, today announced its financial results for the fiscal 2010 first quarter ended January 31, 2010. All references to quarters or years are for the fiscal periods and all currency amounts are in Canadian dollars unless otherwise noted. (Thu, 11 Mar 2010 11:00:00 GMT)

Mortgage Rate Trend Index
Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages. (Thu, 11 Mar 2010 11:00:00 GMT)

Mortgage troubles, even after losing in foreclosure
Local experts say foreclosures have displaced nearly 90,000 Minnesotans from their homes since 2005, and more people will likely go through foreclosure this year. Those who lose their homes might be surprised that some of their mortgage debt may linger even after the home is lost. (Thu, 11 Mar 2010 09:09:50 GMT)

Topping-up on your home loan? There's a catch
If you are a home loan customer, top-up loans are for you in case you have additional requirement of loan for extension, renovation, etc. But is there a catch? (Thu, 11 Mar 2010 07:41:59 GMT)

Medical school costs, loan rates rise sharply
NPR reports on the high cost of medical school, focusing on one student, Sarah Rosen. The interest rate on her school loans "shot up to eight and a half percent, almost twice the rate [her parents] are paying after refinancing their mortgage." (Thu, 11 Mar 2010 04:52:33 GMT)

Former Nevada Businessman Indicted for Mortgage Fraud
A federal grand jury on Wednesday indicted a former Nevada investment company owner for mortgage fraud. (Thu, 11 Mar 2010 04:29:43 GMT)

Mortgage pain on the increase
The number of households facing mortgage stress has risen to a 16-month high with increases in interest costs outweighing improvements on the jobs front. (Thu, 11 Mar 2010 03:30:34 GMT)

Mortgage pain on the increase
The number of households facing mortgage stress has risen to a 16-month high as rising interest rates hit home. (Thu, 11 Mar 2010 03:24:01 GMT)

Mortgage broker may face felony charge in alleged assault in Bothell
King County prosecutors are considering filing a felony charge against a real-estate mortgage broker who allegedly assaulted a woman in downtown Bothell last month. (Thu, 11 Mar 2010 02:43:15 GMT)

Borrower's dilemma: pay credit card bill or mortgage?
Borrower's dilemma: pay credit card bill or mortgage? (Thu, 11 Mar 2010 00:52:04 GMT)

Jersey City officer accused of lying to bank to get mortgage, FBI says
Brian Ragauckas admitted to the FBI that he intentionally left his Secaucus property off the mortgage application because he thought he wouldn’t qualify for the loan if he listed it, according to the release. (Wed, 10 Mar 2010 23:53:57 GMT)

Mortgage Rates Decline; Current 30-Year Fixed Rate Is 4.76%
RISMEDIA, March 11, 2010—The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.76%, down four basis points from 4.80% compared to this same time last week. The 30-year fixed mortgage rate fluctuated between 4.76 and 4.82 during the… (Wed, 10 Mar 2010 22:19:03 GMT)

District to save $136,000 on refinancing of bond
The Tamaqua Area School District will save $136,649 through the refinancing of $3.1 million on a series of general obligation bonds. (Wed, 10 Mar 2010 22:17:39 GMT)

Manhattanite gets 3-9 years in Little Neck mortgage scam
A 35-year-old Manhattan man has been sentenced to prison for having used a forged power of attorney to unlawfully obtain a mortgage on his mother-in-law’s Little Neck condominium and steal more than $300,000, the Queens district attorney said.Shih Siang Shawn Liao, of 300 W. 110th St. in... (Wed, 10 Mar 2010 22:03:30 GMT)

Fitch Takes Various Actions on Mortgage Capital Funding 1998-MC1
NEW YORK----Fitch Ratings revises the Recovery Rating , affirms the ratings and assigns a Rating Outlook to Mortgage Capital Funding, Inc.'s commercial mortgage pass-through certificates, series 1998-MC1, as follows: (Wed, 10 Mar 2010 20:37:00 GMT)

Warning for mortgage holders who just refinanced
If you've recently refinanced a mortgage loan, the Indiana Department of Insurance wants you to make a follow-up call. (Wed, 10 Mar 2010 17:45:11 GMT)

Failed mortgage firm trustee allowed $50,000 in fees
U.S. Bankruptcy Court Judge J. Michael Deasy will approve $50,000 in legal fees for the trustee of failed mortgage brokerage businesses Financial Resources Mortgage Inc. and CL&M Inc. (Wed, 10 Mar 2010 17:38:41 GMT)

U.S. mortgage activity up slightly
WASHINGTON, March 10 (UPI) -- The volume of applications for U.S. mortgages rose slightly in the week, although long-term interest rates also rose, an industry group said Wednesday. (Wed, 10 Mar 2010 17:04:19 GMT)

Mortgage rates decline
The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.76 percent, down four basis points from 4.8 percent at this same time last week. The 30-year fixed mortgage rate fluctuated between 4.76 and 4.82 during the past week.The rate for Washington dropped 5 basis points, from 4.82 percent to 4.77 percent. ... (Wed, 10 Mar 2010 17:04:09 GMT)

Home loan demand nudges higher in latest week
U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday. (Wed, 10 Mar 2010 15:00:52 GMT)

Home Loan Demand Nudges Higher
Mortgage applications nationwide nudged up last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed Wednesday. (Wed, 10 Mar 2010 14:55:55 GMT)

Firm starts mortgage reward scheme
Property services group Countrywide has launched a new reward scheme for mortgage customers. The group believes it is the first company in the property industry to give people who take out a mortgage or insurance policy loyalty points that can then be exchanged for discounts and vouchers. (Wed, 10 Mar 2010 14:11:53 GMT)

The home loan process
The loan application process. (Wed, 10 Mar 2010 13:59:47 GMT)

Home Loan Demand Nudges Higher in Latest Week
The Mortgage Bankers Association reported mortgage applications increased last week. (Wed, 10 Mar 2010 13:38:27 GMT)

U.S. MBA Mortgage Applications Index Rose 0.5% Last Week
March 10 (Bloomberg) -- Mortgage applications in the U.S. rose for a second week, led by an increase in purchases that may indicate the renewal of a homebuyer tax credit is starting to invigorate demand. (Wed, 10 Mar 2010 13:25:09 GMT)

Club Kalua owners charged with mortgage fraud
The mother and son owners of the defunct strip club made infamous by the shooting of Sean Bell have been charged in a mortgage fraud case in Queens. (Wed, 10 Mar 2010 13:16:51 GMT)

Airport watch for former mortgage broker
AN airport alert has been issued after one of the nation's biggest former mortgage brokers, who is under investigation, left the country. (Wed, 10 Mar 2010 13:00:00 GMT)

Home loan demand nudge higher in latest week
U.S. mortgage applications nudged up last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday. (Wed, 10 Mar 2010 12:42:50 GMT)

U.S. MBA Mortgage Applications Index Rose 0.5% Last Week
March 10 (Bloomberg) -- Mortgage applications in the U.S. rose for a second week, led by an increase in purchases that may indicate the renewal of a homebuyer tax credit is starting to invigorate demand. (Wed, 10 Mar 2010 12:30:51 GMT)

US MBA mortgage applications post meager weekly gains
FXstreet.com (Barcelona) - US MBA mortgage applications rose by 0.5% in the week ending on March 5, down from 14.6% growth during the previous week. The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. (Wed, 10 Mar 2010 12:16:19 GMT)

McCue Mortgage still in the family after 60 years
New Britain-based McCue Mortgage Co., the largest independently-owned mortgage lender in the state, celebrates 60 years in business this year. (Wed, 10 Mar 2010 11:13:39 GMT)

Home-Equity Loans: What You Need To Know
A home-equity loan , also known as a second mortgage, lets homeowners borrow money by leveraging the equity in their homes. (Wed, 10 Mar 2010 09:09:24 GMT)

Former Rock pitchman launches mortgage company of his own
Best known for years as the pitchman of Rock Financial before a falling-out with his boss, Dan Gilbert, David Hall has launched a mortgage company in Birmingham called Hall Financial. (Wed, 10 Mar 2010 08:29:36 GMT)

Trying to Save a Home From Foreclosure Can be Scary and Costly; New Loan Modification Software Eases the Pain
A loan modification arrangement can be the best approaches for saving a home from foreclosure. By adopting an early hands-on strategy and working with the bank or mortgage company, homeowners can often have their monthly payment adjusted. Our new loan modification software enables the homeowner to create bank ready loan documents for a fraction of the cost. (PRWeb Mar 10, 2010) Read the full ... (Wed, 10 Mar 2010 08:18:55 GMT)

Trying to Save a Home From Foreclosure Can be Scary and Costly; New Loan Modification Software Eases the Pain
A loan modification arrangement can be the best approaches for saving a home from foreclosure. By adopting an early hands-on strategy and working with the bank or mortgage company, homeowners can often have their monthly payment adjusted. Our new loan modification software enables the homeowner to create bank ready loan documents for a fraction of the cost. (Wed, 10 Mar 2010 07:00:00 GMT)

Owners of strip club where Sean Bell was killed nabbed in $2M mortgage fraud scam
THE MOTHER-AND-SON owners of the strip club where Sean Bell was killed were nabbed yesterday in a $2 million mortgage fraud scam. (Wed, 10 Mar 2010 04:32:00 GMT)

Call to reform Home Choice Loan scheme
THE Government must abandon or reform the €500 million Home Choice Loan scheme as it is unrealistic, according to brokers. (Wed, 10 Mar 2010 02:58:04 GMT)

U.S. indicts Md. man in mortgage fraud
GREENBELT, Md., March 9 (UPI) -- Authorities Tuesday arrested a Maryland man in what the Department of Justice called a massive mortgage fraud scheme that left victims homeless. (Wed, 10 Mar 2010 02:49:09 GMT)

Lights out on home-energy loan bill
Application denied. Salt Lake County won't get the chance to lend thousands of dollars in low-interest loans to homeowners who want to replace drafty windows, upgrade a furnace or put solar panels on the roof. (Wed, 10 Mar 2010 02:44:46 GMT)

Owner of Legacy Lending pleads guilty in $20 million mortgage scam
On March 2, in federal court in St. Paul, the 30-year-old part owner of Legacy Lending pleaded guilty to participating in a mortgage fraud scheme that involved 37 separate real estate transactions and $20 million in loan proceeds. (Wed, 10 Mar 2010 02:08:31 GMT)

Australian Home-Loan Approvals Fall Most in Decade (Update2)
March 10 (Bloomberg) -- Australian home-loan approvals unexpectedly fell in January by the most in almost a decade after central bank Governor Glenn Stevens raised borrowing costs and the government cut assistance to first-time buyers. (Wed, 10 Mar 2010 01:58:38 GMT)

Bank Sued for Seizing Pa. Woman's Home and Parrot
Bank of America sued for mistakingly repossessing Pittsburgh-area woman's home _ and parrot Repossession - Business - Mortgage - Financial Services - Loan (Wed, 10 Mar 2010 01:46:51 GMT)

Australian Home-Loan Approvals Unexpectedly Fall 7.9% (Update1)
March 10 (Bloomberg) -- Australian home-loan approvals unexpectedly fell in January for a fourth straight month after central bank Governor Glenn Stevens raised borrowing costs and the government cut grants to first-time buyers. (Wed, 10 Mar 2010 01:43:31 GMT)

Bendigo's new mortgage announcement
Bendigo and Adelaide Bank Ltd has announced a new issue of residential mortgage backed securities. (Wed, 10 Mar 2010 01:22:32 GMT)

City of Cleveland gets into the movie business with loan guarantees for three films
A City Council committee on Tuesday approves $1.2 million in loan guarantees for three planned feature-length films produced by Nehst Studios, a New York-based production company that has established an office in Cleveland. (Tue, 09 Mar 2010 22:57:49 GMT)

Mortgage 'Half' Payments: How Much Do They Save?
One frequent question I’m often asked is whether or not paying half of a mortgage payment twice a month versus paying a full mortgage payment once a month is actually worthwhile. (Tue, 09 Mar 2010 22:14:34 GMT)

Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets
March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches. (Tue, 09 Mar 2010 21:47:42 GMT)

When refinancing, closing credit card accounts can cost you
Dear Credit Score Report, I just started paying attention to the new credit card laws. I will be paying off my credit card balance very soon with my income tax refund, but I am concerned now because... (Tue, 09 Mar 2010 21:08:12 GMT)

Owners of Infamous Club Kalua Charged With Mortgage Fraud
The mother and son owners of the strip club made infamous by the shooting of Sean Bell have been charged in a mortgage fraud case in Queens. (Tue, 09 Mar 2010 20:12:29 GMT)

Former Rock Financial exec David Hall forms mortgage firm
Best known for years as the pitchman of Rock Financial before a falling-out with his boss, Dan Gilbert, David Hall has launched a new mortgage company in Birmingham called Hall Financial. (Tue, 09 Mar 2010 19:43:30 GMT)

When refinancing, closing credit card accounts can cost you
When in the midst of a home refinancing and considering an account closure, experts say the price of credit score damage is likely to outweigh the cost of any potential annual fees. (Tue, 09 Mar 2010 19:38:17 GMT)

Mortgage Rates Decline; Current 30-Year Fixed Rate is 4.76%, According to Zillow(R) Mortgage Rate Ticker
The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.76 percent, down four basis points from 4.80 percent compared to this same time last week. The 30-year fixed mortgage rate fluctuated between 4.76 and 4.82 during the past week. (Tue, 09 Mar 2010 19:34:00 GMT)

Club Kalua owners charged with mortgage fraud
Associated Press - March 9, 2010 1:55 PM ET NEW YORK (AP) - The mother and son owners of the strip club made infamous by the shooting of Sean Bell have been charged in a mortgage fraud case in... (Tue, 09 Mar 2010 19:07:19 GMT)

TCW Returns to Mortgage Bonds It Sold After Declines (Update1)
March 9 (Bloomberg) -- TCW Group Inc., the money manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage securities it rushed to sell earlier this year. (Tue, 09 Mar 2010 18:22:40 GMT)

David Hall plans to start own mortgage company, Hall Financial
David Hall is expected to formally announce Wednesday that he is back in the mortgage business with the launch of Birmingham-based Hall Financial. (Tue, 09 Mar 2010 18:12:25 GMT)

Broward commissioners target Big Banking for role in mortgage crisis
Bank of America lost out on a role in financing a new courthouse in downtown Fort Lauderdale on Tuesday after Broward County commissioners complained the mega-bank has failed to help people with troubled mortgages and jacked up credit card fees. (Tue, 09 Mar 2010 18:04:41 GMT)

Loan modification terms are tough for those few who get them
Emerging issue: Many loans have balloon payments that skyrockets after several years For William and Lida Negron, their lender's decision to modify their mortgage seemed to be the key to holding on to their home. (Tue, 09 Mar 2010 17:55:41 GMT)

Broward commissioners target Big Banking for role in mortgage crisis
Broward County government is taking on Big Banking. (Tue, 09 Mar 2010 17:54:23 GMT)

TCW Returns to Mortgage Bonds It Was Selling After Prices Fall
March 9 (Bloomberg) -- TCW Group Inc., the fund manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage securities it was rushing to sell early this year. (Tue, 09 Mar 2010 17:47:53 GMT)

TCW Returns to Mortgage Bonds It Sold After Declines (Update1)
TCW Group Inc., the money manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage securities it rushed to sell earlier this year. (Tue, 09 Mar 2010 16:48:26 GMT)

Sacrificing privacy to get a loan
How much tax information is enough? How much tax information is enough? DEAR BENNY: My husband and I recently applied for a home equity loan to help finance a new home we are building until we sell our current home. (Tue, 09 Mar 2010 16:37:02 GMT)

New Article on Fannie Mae, Freddie Mac HARP Mortgage Refinance Program Available from AimLoan.com
In a new article, AimLoan.com explains why Fannie Mae and Freddie Mac’s program to refinance underwater homeowners should be expanded, as lowered mortgage rates are key to economic recovery. (PRWeb Mar 9, 2010) Read the full story at http://www.prweb.com/releases/20 (Tue, 09 Mar 2010 16:14:28 GMT)

Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets
March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches. (Tue, 09 Mar 2010 15:38:06 GMT)

Federal Home Loan Bank of Dallas Announces $18.6M in Affordable Housing Program Grants
DALLAS -- The Federal Home Loan Bank of Dallas is pleased to announce that it has $18.6 million in Affordable Housing Program grants available in 2010. (Tue, 09 Mar 2010 15:29:19 GMT)

Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets
March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches. (Tue, 09 Mar 2010 15:23:31 GMT)

Credit Score Undercuts Home Mortgage Plan
Would applying for a home mortgage loan jointly with my wife be better or worse? (Tue, 09 Mar 2010 15:23:17 GMT)

New Article on Fannie Mae, Freddie Mac HARP Mortgage Refinance Program Available from AimLoan.com
In a new article, AimLoan.com explains why Fannie Mae and Freddie Mac’s program to refinance underwater homeowners should be expanded, as lowered mortgage rates are key to economic recovery. (Tue, 09 Mar 2010 15:05:00 GMT)

Up to $25M bank loan eyed to develop Rota's eastern harbor
Rota Mayor Melchor A. Mendiola has asked Gov. Benigno R. Fitial for support in improving and expanding Rota's seaport using a possible loan of up to $25 million from the Rhode Island-based Independence Bank. (Tue, 09 Mar 2010 14:12:37 GMT)

Home ownership no longer a reality
MANY would-be home buyers have given up the dream of ownership, hit by a 'perfect storm' of rising rates, tough conditions and abandoned grants. (Tue, 09 Mar 2010 13:31:00 GMT)

Meet with your bank face-to-face today
TUCSON - If you're upside down on your mortgage or facing foreclosure, free help is here in Tucson today. It's an opportunity to meet face-to-face with your bank and possibly refinance or modify your loan on the spot. (Tue, 09 Mar 2010 12:29:54 GMT)

Newstead subdivision plan rejected
The concept plan for a nine-lot subdivision on Crittenden Road at Main Road got a thumbs down Monday from the Newstead Town Board. (Tue, 09 Mar 2010 11:53:50 GMT)

Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets
March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches. (Tue, 09 Mar 2010 11:52:33 GMT)

Bankruptcy haunts mortgage refinance
Dear Dr. Don, We have about 60 percent equity in our home. We both have credit scores above 700 and both have good incomes. (Tue, 09 Mar 2010 11:42:12 GMT)

QUICK POLL
RICHMOND-Berkadia Commercial Mortgage secured $68.4 million in permanent, fixed-rate financing for MeadWestvaco’s new building at Foundry Park here. The mortgage has a five-year term and a 15-year amortization. (Tue, 09 Mar 2010 11:25:57 GMT)

Loan forgiveness under way for Colorado’s health care professionals
DENVER – Doctors, nurse practitioners, physician assistants, certified nurse midwives, licensed mental health professionals and oral health professionals may be eligible for educational loan debt forgiveness of up to $105,000. (Tue, 09 Mar 2010 11:25:26 GMT)

McCue Mortgage still in the family after 60 years
New Britain-based McCue Mortgage Co., the largest independently-owned mortgage lender in the state, celebrates 60 years in business this year. (Tue, 09 Mar 2010 11:13:18 GMT)

Bankruptcy haunts mortgage refinance
Good credit scores aren't helping a couple overcome an old bankruptcy. (Tue, 09 Mar 2010 11:00:00 GMT)

More local homeowners faced mortgage trouble in January
More homeowners in the region have fallen behind in their mortgage payments or are facing foreclosure. In January, about 6.9 percent, or one in 14 borrowers in the Scranton/Wilkes-Barre/Hazleton metro area, were 90 days or more delinquent on their mortg (Tue, 09 Mar 2010 09:27:44 GMT)

Proposed mortgage law to curb prices
The approval of the long-awaited mortgage law in Saudi Arabia this year is expected to curb sharp increases in property prices, spur bank credit and encourage investment in the sector, a Saudi official said. (Tue, 09 Mar 2010 08:50:26 GMT)

Triple whammy hits new home buyers
MANY new home buyers have given up the dream of home ownership, hit by rising interest rates, tougher loan conditions and cuts to a generous government grant. (Tue, 09 Mar 2010 08:14:45 GMT)

IRS tax tip: Mortgage Debt Forgiveness
If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness. (Tue, 09 Mar 2010 07:34:34 GMT)

ALCO Refinances Loan On Frayser Apartments
Memphis-based ALCO Properties Inc. has taken out a $4.7 million loan on the Greenbriar Apartments at 3131 Madewell Street in Frayser.The company, oper.... (Tue, 09 Mar 2010 06:11:19 GMT)

IRS tax tip: Mortgage Debt Forgiveness
If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness. (Tue, 09 Mar 2010 04:45:18 GMT)

Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets
March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches. (Tue, 09 Mar 2010 04:37:37 GMT)

Mr. Mortgage Makes Court Appearance
A Macomb County man claims he can save your house from foreclosure and has dozens of happy customers. However, so far, Problem Solver Rob Wolchek has only run across miserable customers, and they've gotten Mr. Mortgage into some trouble. He's out on bond, but back in court for a felony arraignment. (Tue, 09 Mar 2010 04:03:02 GMT)

Will congress fix flawed loan mod program?
If the federal Making Home Affordable Program is not working for most families facing foreclosure, why are we paying for it? Ahwatukee homeowner Jerry Staton been put on hold by his bank for a long time. (Tue, 09 Mar 2010 03:54:11 GMT)

Triple whammy hits would-be home buyers
Many would-be home buyers have given up the dream of home ownership, hit by rising interest rates, tougher lending conditions and an end to a government grant. (Tue, 09 Mar 2010 03:39:10 GMT)

Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets
March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates are trading at the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches. (Tue, 09 Mar 2010 03:32:35 GMT)

FDIC Chairman Questions Mortgage Interest Tax Deduction
WASHINGTON--Federal Deposit Insurance Corporation Chairman Sheila Bair came close to the third rail of tax policies Monday, citing the federal tax deduction for mortgage interest as one of the causes... (Tue, 09 Mar 2010 00:23:01 GMT)

Loan star Donovan hopes to delay return to States
Landon Donovan, arguably the most effective Premier League loan signing of the season, believes he could – if permitted by LA Galaxy – fit in up to five games more for Everton before returning to California for the start of the new MLS season. (Tue, 09 Mar 2010 00:10:44 GMT)

Bill to ban state taxes on forgiven mortgage debt goes to Gov.
A political showdown is on between the Legislature and governor regarding a bill to ban the state from taxing forgiven mortgage debt. (Mon, 08 Mar 2010 23:52:38 GMT)

FDIC Chairman Questions Mortgage Interest Tax Deduction
The head of the Federal Deposit Insurance Corporation said mortgage interest is one of the problems for the nation's banking crisis. (Mon, 08 Mar 2010 23:23:17 GMT)

Outback loan shark told to stop
OUTBACK loan shark Sam Tomarchio has been ordered to stop lending in a Supreme Court writ lodged by WA's Department of Commerce. (Mon, 08 Mar 2010 22:59:08 GMT)

Prison for Alexandria man for $400k mortgage scheme
A 30-year-old man from Alexandria, Minn., was sentenced Monday to three years in prison after admitting that he concealed more than $400,000 in payments to himself and others from mortgage loan proceeds, then using some of that money to buy a motorcycle. (Mon, 08 Mar 2010 21:07:10 GMT)

Navy Federal Guarantees $7 Billion for Mortgages in 2010
VIENNA, Va., -- Navy Federal Credit Union is pleased to announce $7 billion has been committed to new mortgages for Navy Federal members in 2010, whether they're buying a new home or refinancing. (Mon, 08 Mar 2010 20:55:04 GMT)

Real estate agent, father charged in mortgage fraud case
A Bakersfield real estate agent and her father have been charged in a mortgage fraud scheme, accused of getting kickbacks from $4.1 million in fraudulent mortgage loans that almost immediately went into default, according to legal filings. Guadalupe Ramirez, 31, and her father, Augustine Ramirez, 60, were not in custody Thursday but were each wanted on $1 million arrest warrants, according to ... (Mon, 08 Mar 2010 19:43:28 GMT)

SNAP Grant Helps Disabled Couple Make Their Home More Energy Efficient
DALLAS -- A $7,000 Special Needs Assistance Program grant from the Federal Home Loan Bank of Dallas and Cypress Bank has given new life to the home of Tommy and Sondra Turner of Hughes Springs, Texas. (Mon, 08 Mar 2010 19:39:17 GMT)

Fitch Updates U.S. Residential Mortgage re-REMIC Criteria
NEW YORK----Fitch Ratings has published its updated 'U.S. Residential Mortgage Re-REMIC Criteria' report. This report summarizes Fitch's current criteria for analyzing credit risk in the issuance of new securities that are backed by U.S. residential mortgage backed securities . (Mon, 08 Mar 2010 18:29:00 GMT)

New short sale push may speed up bank loan losses
A new government push to clean up bad home loans could dent bank earnings because the industry may have to take losses on the assets sooner than some investors expect. (Mon, 08 Mar 2010 18:15:40 GMT)

Mistake in Drumm loan letter, court told
A facility letter under which a €7.65m loan was given to former Anglo Irish Bank CEO David Drumm in 2008 to buy bank shares had described the loan as a 'non-recourse' loan, meaning the bank could redeem the loan only against the shares purchased, the Commercial Court was told yesterday. (Mon, 08 Mar 2010 18:11:52 GMT)

Loan modifications made easier
The government's Home Affordable Modification Program sounded good, but it hasn't been as much of a success as first thought, in part because of the red tape involved in the application process. (Mon, 08 Mar 2010 18:04:25 GMT)

Santander U.K. Mortgage Bonds Rise in First Day (Update1)
March 8 (Bloomberg) -- Santander UK Plc’s issue of mortgage-backed securities rose in their first day of trading as investors left out of the deal paid extra to buy the securities. (Mon, 08 Mar 2010 17:22:32 GMT)

Fixed-rate mortgage? Homeowners should consider all alternatives
You may pay over the odds if you panic-buy a fixed-rate mortgage when rates start rising, warn brokers Borrowers who stampede for fixed-rate deals as soon as the base rate starts rising could end up paying over the odds for their loans, mortgage brokers warn. Although the Bank of England last week kept its base rate at 0.5% for the 13th month in a row, economists and mortgage market watchers are ... (Mon, 08 Mar 2010 16:20:51 GMT)

Preparing for payment shock
Many mortgage borrowers with adjustable-rate mortgages (ARMs) on which the rate has adjusted within recent years are currently enjoying extremely low interest rates. This reflects the unusually low levels of the rate indexes used by most ARMs. (Mon, 08 Mar 2010 16:09:02 GMT)

Theresa Simiriotis Joins HomeBanc as Mortgage Loan Officer
TAMPA, FL--(Marketwire - March 8, 2010) - Tampa-based HomeBancorp, Inc. has named Theresa Simiriotis as Mortgage Loan Officer for HomeBanc. She is based in HomeBanc's Tampa office located at Dale Mabry and I-275. (Mon, 08 Mar 2010 15:12:50 GMT)

Charges filed in Sexton Lofts mortgage fraud case
A federal grand jury has returned an indictment against two local men, alleging mortgage fraud exceeding $2.5 million in connection with the sale of units in the Sexton Lofts condominium building in downtown Minneapolis, according to the U.S. Attorney’s Office. (Mon, 08 Mar 2010 14:57:31 GMT)

Court writ orders outback loan shark to stop
OUTBACK loan shark Sam Tomarchio has been ordered to stop lending in a Supreme Court writ lodged by Western Australia's Department of Commerce late yesterday. (Mon, 08 Mar 2010 13:00:00 GMT)

Modification Actions Drive Record Mortgage Litigation
Legal actions against mortgage modification firms continued to surge -- pushing overall mortgage litigation activity to the highest level yet, according to the Fourth Quarter Mortgage Litigation Index produced by MortgageDaily.com. (Mon, 08 Mar 2010 12:00:00 GMT)

UK Mortgages 2010: Mortgage Innovation - New Market Report Published
With the worst of the credit crunch behind them, UK lenders can start shifting their focus to product innovation, looking abroad for inspiration. This brief looks at overseas mortgage innovations, and discusses their applicability to the UK market. (Mon, 08 Mar 2010 11:50:50 GMT)

Loan forgiveness under way for Colorado’s health care professionals
DENVER – Doctors, nurse practitioners, physician assistants, certified nurse midwives, licensed mental health professionals and oral health professionals may be eligible for educational loan debt forgiveness of up to $105,000. (Mon, 08 Mar 2010 11:24:15 GMT)

Credit score undercuts home mortgage plan
A man needs to boost his credit score if he wants to help his wife get a great home mortgage loan. (Mon, 08 Mar 2010 11:00:00 GMT)

(AFX UK Focus) 2010-03-08 10:34 Taiwan cbank seeks mortgage info in sign of concern
TAIPEI, March 8 (Reuters) - Taiwan's central bank has asked banks for information on mortgage lending in a sign it could be worried about the effect of a surge in property prices on the slowly recovering economy. The Central Bank of China said in a statement on Monday that it wants banks to tell it what rates they are lending at, the ratio of home buyers' debts to income and details of buying ... (Mon, 08 Mar 2010 10:58:35 GMT)

Taiwan cbank seeks mortgage info in sign of concern
TAIPEI, March 8 (Reuters) - Taiwan's central bank has asked banks for information on mortgage lending in a sign it could be worried about the effect of a surge in property prices on the slowly recovering economy. (Mon, 08 Mar 2010 10:19:18 GMT)

Students try to eat on $7.50 a day to spotlight loan limits
Four Ontario university students will eat for under $7.50 a day – and blog about it daily - to show the need for higher student loan living allowances. (Mon, 08 Mar 2010 09:52:15 GMT)

Nugent: Burnley home form will decide Premiership safety
Burnley striker David Nugent says their Turf Moor form will decide their Premiership survival prospects. The loan striker from Portsmouth bagged a leveller at Arsenal - but the Clarets still lost and are stuck in the drop zone. Nugent said: "It will go right down to the wire. We must keep up our home form. "Stoke are a big, strong side and we're looking forward to playing them. The two games ... (Mon, 08 Mar 2010 09:49:22 GMT)

McCue Mortgage still in the family after 60 years
New Britain-based McCue Mortgage Co., the largest independently-owned mortgage lender in the state, celebrates 60 years in business this year. (Mon, 08 Mar 2010 09:00:12 GMT)

Can't make your mortgage? Get an emergency loan
Erin and Robert Smith had no problem handling the $2,000 monthly payment on their home ... until they lost their jobs. (Mon, 08 Mar 2010 08:56:20 GMT)

Mortgage Defaults Growing
Michigan faces growing home mortgage default woes. The state currently ranks fourth in the nation in underwater mortgages. (Mon, 08 Mar 2010 08:29:03 GMT)

First home buyers run from rate rises
Potential first homebuyers are giving up their search each time lenders hike interest rates on home loans. (Mon, 08 Mar 2010 07:51:46 GMT)

Debt Settlement and Mortgage Modification Scams on the Rise, Warns Chicago Bankruptcy Lawyer Richard Fonfrias
Experienced Chicago bankruptcy lawyer Richard Fontrias of the Fonfrias Law Group, LLC, warns that the number of debt settlement scams and mortgage modifications scams reported in the state of Illinois is on the increase and that consumers need to better understand their rights under the law in order to take control of their financial future. (Mon, 08 Mar 2010 07:01:00 GMT)

The upside of having a mortgage in retirement
Paying off a mortgage before retirement is not always the best idea. (Mon, 08 Mar 2010 05:56:15 GMT)

Home-Saving Loans Afoot
Pressure is growing on U.S. banks to ease terms for distressed homeowners on home-equity loans and other second-lien mortgages. (Mon, 08 Mar 2010 04:37:02 GMT)

New American Home emerges from troubled past
Work has started in downtown Orlando on the next New American Home — a high-profile but, in recent years, troubled attraction each year when the nation's home builders gather for their annual convention and trade show. (Mon, 08 Mar 2010 04:10:01 GMT)

McCue Mortgage still in the family after 60 years
New Britain-based McCue Mortgage Co., the largest independently-owned mortgage lender in the state, celebrates 60 years in business this year. (Mon, 08 Mar 2010 01:15:12 GMT)

News From 91.3 KUWS KUWS News Briefs: Payday loan bill down to the wire, virus going around
After years of trying, it looks like payday loan stores will be regulated in Wisconsin. Mike Simonson has today's news briefs. State Senator Bob Jauch says it’s an industry that needs some rules to prevent loan rollovers and multiple interest rates. (Sun, 07 Mar 2010 22:41:37 GMT)

Council of Mortgage Lenders (CML) Predict 53,000 Repossessions for 2010, Ask Financially Launches New Remortgage Guide ...
With all the recent economic activity, globally and here in the UK, many experts in the finance industry are showing uncertainty about the year ahead. According to a report published by The CML (Council of Mortgage Lenders), over the last 12 months 46,000 properties were repossessed, this is an increase of 15% from 2008 where 40,000 repossessions took place. With the ongoing threat of more job ... (Sun, 07 Mar 2010 22:30:34 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. (Sun, 07 Mar 2010 21:35:53 GMT)

Buying a home: know the difference between mortgage life insurance and individual life insurance
(ARA) - For many new homeowners, it can be very confusing to decide whether you should buy an individual insurance policy from a reputable life insurance company to protect your new home from the unexpected, or if you should purchase a mortgage insurance policy through your lender. (Sun, 07 Mar 2010 19:28:32 GMT)

San Jose man sentenced for mortgage scam
SAN FRANCISCO -- A San Jose man who pleaded guilty to a mortgage loan fraud scheme has been sentenced. The judge in the case ordered 46-year-old John Bui to serve 41 months in Federal prison and pay $3.5 million in restitution. (Sun, 07 Mar 2010 17:29:42 GMT)

McCue Mortgage still in the family after 60 years
New Britain-based McCue Mortgage Co., the largest independently-owned mortgage lender in the state, celebrates 60 years in business this year. (Sun, 07 Mar 2010 17:15:55 GMT)

B.C. seizes heroin addict's home
On a crisp March morning, Marianne Christine Sullivan sits on a dock in East Vancouver and talks about being homeless and broke after the government of British Columbia took her $562,000 home under civil-forfeiture legislation. (Sun, 07 Mar 2010 17:04:44 GMT)

Second concessionary loan to help people manage mortgage obligations
SINGAPORE: Senior Minister of State for the Ministry of National Development & Ministry of Education Grace Fu said the recent announcement to extend a second loan to more HDB flat buyers is to help manage their mortgage obligations and not to encourage property speculation. (Sun, 07 Mar 2010 13:48:50 GMT)

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