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Mortgage News Feb 2006

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Hawaii mortgage lending hits record $32.7B
Hawaii's mortgage lenders rode borrowers to an unexpected record year in 2005, with the fourth-largest bank emerging as a new dominant player in the market. (Mon, 20 Feb 2006 05:04:19 GMT)

FSA farm loan chief named
HURON — Arnie Claeys, a longtime Farm Service Agency farm loan specialist, has been named FSA farm loan chief for South Dakota. (Mon, 20 Feb 2006 06:49:05 GMT)

New tools help decipher mortgage confusion
A few entrepreneurs are developing new tools to help home buyers tackle one of the most confusing projects they face: figuring out whether a mortgage is a fair deal. (Mon, 20 Feb 2006 08:05:14 GMT)

Interest in fixed rates rising
Keeping an adjustable-rate mortgage can be like riding a bucking horse. As rising interest rates threaten to send your monthly payments flying high in a few months or years, it could get tougher to hang on to your home. (Mon, 20 Feb 2006 08:34:49 GMT)

UK mortgage approvals highest since 2003
UK mortgage approvals in January reached a high not seen since November 2003, indicating a revival in the property market at the start of the year, a leading industry body said today. (Mon, 20 Feb 2006 10:06:02 GMT)

(AFX UK Focus) 2006-02-20 09:45 GMT: UK mortgage lending growth slows in Jan after strong Dec - BBA
LONDON (AFX) - Mortgage lending growth in the UK slowed slightly at the start of the year after a strong performance in December, figures from the British Bankers' Association showed. (Mon, 20 Feb 2006 10:06:19 GMT)

(AFX UK Focus) 2006-02-20 09:55 GMT: UK gross mortgage lending picks up; records highest Jan ever - CML
LONDON (AFX) - The UK property market got off to a good start in 2006, with gross mortgage lending in January the highest ever for the month, according to the latest data from the Council of Mortgage Lenders. (Mon, 20 Feb 2006 10:20:48 GMT)

Iron could make loan signings
United boss Brian Laws may move to boost his struggling squad this week. The Iron boss told BBC Radio Humberside after the game on Saturday that he has been offered a young striker on loan, who he will take a look at in a reserve game on Monday. (Mon, 20 Feb 2006 10:32:45 GMT)

Mortgage Lending Hit January High
Mortgage lending started the year on a strong note with advances reaching the highest figure on record for January, the Council of Mortgage Lenders has said. (Mon, 20 Feb 2006 10:57:29 GMT)

(AFX UK Focus) 2006-02-20 10:33 GMT: Forex - Pound rises after solid public finances, mortgage lending data
LONDON (AFX) - The pound was firmer following stronger-than-expected UK public finances data, as well as strong mortgage lending figures. (Mon, 20 Feb 2006 11:06:23 GMT)

Lighthouse Home Loans' grand opening in Woodburn is March 24
Lighthouse Home Loans plans a grand opening March 24 at its new office in Woodburn. The reception will be hosted by chief executive Lance Marcus and chief financial officer Mat Stewart. Ribbon-cutting ceremonies are scheduled for 10 a.m., and food and drinks will be served from 3 to 6 p.m. (Mon, 20 Feb 2006 11:20:11 GMT)

Manatee banker sees real estate staying robust
Anthony Dimauro, the senior regional sales manager for Fifth Third Bank in Manatee County, recently traded e-mails with staff writer Michael Braga about the state of the real estate and mortgage markets in Southwest Florida. (Mon, 20 Feb 2006 11:36:50 GMT)

Manatee banker sees real estate staying robust
Anthony Dimauro, the senior regional sales manager for Fifth Third Bank in Manatee County, recently traded e-mails with staff writer Michael Braga about the state of the real estate and mortgage markets in Southwest Florida. (Mon, 20 Feb 2006 11:37:40 GMT)

UK mortgage approvals highest since 2003 Monday, February 20, 2006 11:55:16 AM FXstreet.com
FXstreet.com (Barcelona) - The UK property market got off to a good start in 2006, with mortgage approvals in January reaching a high not seen since November 2003, according to the latest data from the Council of Mortgage Lenders (CML). (Mon, 20 Feb 2006 12:10:24 GMT)

Loan Watch: Eagles scores a screamer
There were improved fortunes for some of United's loan stars this weekend. One scored twice, while another scored almost from the halfway line... Chris Eagles scored a 45-yard lob as his Watford saw off Paul McShane's Brighton at the Withdean Stadium. (Mon, 20 Feb 2006 12:10:47 GMT)

Mortgage lending slows in January
Mortgage lending slowed during the first month of 2006 amid the traditional winter lull, figures from lenders show. (Mon, 20 Feb 2006 12:23:31 GMT)

High-risk mortgages spread to small towns
COLUMBUS (AP) - An increasing number of Ohioans who live in small towns and rural areas are losing their homes because of risky, high-interest mortgage loans, records show. (Mon, 20 Feb 2006 12:46:51 GMT)

Mortgage lending growth eases
LONDON (Reuters) - Mortgage lending growth eased in January but remained close to its recent average, while approvals for home loans hit a two-year high, in a further sign of buoyancy in the housing market. (Mon, 20 Feb 2006 13:21:16 GMT)

Contractors see 6% mortgage interest rate by year-end
The average mortgage interest rate is now 4.79%. ACBI president Aharon Cohen: Recognize mortgage payments for tax purposes. (Mon, 20 Feb 2006 14:53:29 GMT)

Mortgage lending slips from highs
Mortgage lending growth slipped back in January, according to the latest official report though the value of loan approvals has picked up. (Mon, 20 Feb 2006 15:00:11 GMT)

Te Rauparaha's sword returns home
Te Rauparaha's ceremonial sword has been returned to its former Otaki home to help mark the 120th anniversary of the Otaki-Maori Racing Club this weekend. (Mon, 20 Feb 2006 16:05:34 GMT)

Irvine mortgage co. to expand in N. Texas
An Irvine mortgage banker is expanding into North Texas. (Mon, 20 Feb 2006 16:15:50 GMT)

New tools help decipher mortgage confusion
A few entrepreneurs are developing new tools to help home buyers tackle one of the most confusing projects they face: figuring out whether a mortgage is a fair deal. (Mon, 20 Feb 2006 17:24:00 GMT)

Mortgage professionals welcome introduction of new legislation
Ron Swift, AMP, President of the Canadian Institute of Mortgage Brokers and Lenders says he welcomes the new Mortgage Brokerages, Lenders and Administrators Act tabled today by Ontario's Finance Minister, Dwight Duncan. (Mon, 20 Feb 2006 18:15:00 GMT)

Jarrett Loan Extended
Albert Jarrett has had his loan deal extended for another month. Jarrett is on loan from Brighton, but his loan had expired after Saturday's defeat at home to Rotherham, but Brighton have agreed to let him stay at the County Ground for another 4 weeks. (Mon, 20 Feb 2006 20:40:38 GMT)

Loans to free up cash without selling the home
With galloping house prices, your home is probably worth a packet. More and more retirees are secretly tapping into that wealth with equity release loans that are like a mortgage in reverse. John McCrone reports. (Mon, 20 Feb 2006 20:50:29 GMT)

Weekly Home Loan Report: 22 - 28 February, 2006
More short-term rate falls. The momentum of fixed rate cuts slowed last week, then picked up for the beginning of this week, with a plethora of one-year rate decreases emerging for the first time in ages. (Mon, 20 Feb 2006 20:50:38 GMT)

New law for Ontario mortgage brokers
Ontario Finance Minister Dwight Duncan has introduced legislation to replace the current Mortgage Brokers Act. The new legislation aims to improve consumer protection, enhance and modernize financial regulation and encourage greater competition and choice for consumers. (Mon, 20 Feb 2006 21:29:18 GMT)

Jarrett Loan Extended
Albert Jarrett has had his loan deal extended for another month. Jarrett is on loan from Brighton, but his loan had expired after Saturday's defeat at home to Rotherham, but Brighton have agreed to let him stay at the County Ground for another 4 weeks. (Mon, 20 Feb 2006 21:32:33 GMT)

Low Interest in Home Loan Tender a Good Thing
New Zealanders’ focus on getting the lowest home loan rate they can has driven high levels of interest in BankDirect’s latest online home loan tender. (Tue, 21 Feb 2006 00:17:47 GMT)

New year's mortgage lending sets record
MORTGAGE lending in January soared to its highest level on record, figures showed yesterday. (Tue, 21 Feb 2006 00:30:49 GMT)

Mortgage lending reaches record £23bn
Figures revealing record mortgage lending provide fresh evidence that housing market has enjoyed a strong start to the year. (Tue, 21 Feb 2006 01:38:39 GMT)

Mortgage lending reaches record £23bn
Figures revealing record mortgage lending last month provide fresh evidence that the housing market has enjoyed a strong start to the year. The Council of Mortgage Lenders said gross mortgage lending totalled £23bn last month - the highest January figure on record. (Tue, 21 Feb 2006 02:12:56 GMT)

Samsung to hike production of LCDs
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Intel to open technology center in Gaza
E-LOAN ® - Official Site Low Rate Mortgage, Home Equity, and Auto Loans. Approval in Minutes. No Lender fees. Apply Now. (Tue, 21 Feb 2006 03:10:11 GMT)

Report: Airbus seen delivering 80 planes
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30-year mortgage rates average 6.28%
Rates on 30-year mortgages edged up for a fourth straight week, rising to the highest level in two months, Freddie Mac reported Thursday. (Tue, 21 Feb 2006 03:29:52 GMT)

Do you benefit from a floating loan?
Our home loan expert tells you why this may not always be the case. (Tue, 21 Feb 2006 03:41:12 GMT)

Wizard to take home loan model global
Mortgage provider Wizard Home Loans is planning to launch its home loan business in high-growth emerging markets around the world. - (Tue, 21 Feb 2006 04:11:21 GMT)

Wizard to take home loan model global
Mortgage provider Wizard Home Loans is planning to launch its home loan business in high-growth emerging markets around the world. - (Tue, 21 Feb 2006 04:12:55 GMT)

Fractured Class Actions
"Opt-outs" are a growing headache for companies (Tue, 21 Feb 2006 04:37:19 GMT)

Disney Builds a Better Mousetrap
Walt Disney CEO Robert Iger eschews traditional business practices to embrace a digital strategy. Will it be enough to bring back the magic? (Tue, 21 Feb 2006 04:40:39 GMT)

Japan's Rapid Growth Spurt
The country's gross domestic product is rising at a blistering pace. Could it outperform the U.S. this year? (Tue, 21 Feb 2006 04:40:49 GMT)

On Personal Finance | Home loan that goes into reverse
Question: At 72, I have no plans to leave my home. I have no pressing financial need but would like to make my financial burden a little easier. What are the pros and cons of taking out a reverse mortgage? (Tue, 21 Feb 2006 04:51:55 GMT)

SBI hikes home loan rates by 50-75bps
State Bank of India (SBI) today revised its home loan rates by 50-75 basis points (bps) across maturities. According to a release issued by the bank to the BSE today, the new rates would be w.e.f March 1, 2006. (Tue, 21 Feb 2006 06:23:26 GMT)

Mortgages: The ABCs Of Refinancing
- Learn how the various reasons for doing it can mean the difference between financial prudence and ruin. Shopping for a Mortgage - It starts with knowing your choices as well as your price range. We show you how to get there. (Tue, 21 Feb 2006 07:19:38 GMT)

OTP launches forex mortgage loan with exchange rate guarantee
OTP Bank Rt launched on Monday a guaranteed-exchange-rate CHF-denominated mortgage loan for home purchases and other purchases. The bank will guarantee an exchange rate of Ft 166 to the Swiss franc for the loans, deputy CEO Csaba Lantos said. (Tue, 21 Feb 2006 07:44:22 GMT)

SBI home loan interest rates to go up from March 1
Mumbai, Feb 21 (PTI) State Bank of India, the country's largest lender, will hike its home loan rates -- both fixed and floating -- from next month. The move comes close to major banks like ICICI Bank and HDFC increasing home loan rates. (Tue, 21 Feb 2006 07:50:25 GMT)

Home loan interest rates to go up from March 1
MUMBAI: State Bank of India, the country's largest lender, will hike its home loan rates - both fixed and floating - from next month. The move comes close to major banks like ICICI Bank and HDFC increasing home loan rates. (Tue, 21 Feb 2006 07:52:11 GMT)

SBI to hike home loan rates from March 1
MUMBAI: State Bank of India, the country's largest lender, will hike its home loan rates - both fixed and floating - from next month. The move comes close to major banks such as ICICI Bank and HDFC increasing home loan rates. (Tue, 21 Feb 2006 07:52:29 GMT)

2 admit fraud in mortgage plot
Two investors, one from Boca Raton, have admitted bilking mortgage lenders in a $67 million loan scheme to finance hotels in West Palm Beach, South Florida and Orlando. (Tue, 21 Feb 2006 08:15:26 GMT)

SBI to hike home loan rates from next month
Country's largest bank State Bank of India today announced a hike in floating home loan rates by up to 0.50 per cent and fixed rates by up to 0.75 per cent with effect from March one. (Tue, 21 Feb 2006 08:37:21 GMT)

PAC-man's game
SEN. RICK SANTORUM and his wife received a $500,000, five-year mortgage for their Leesburg, Va., home from a small, private Philadelphia bank run by a major campaign donor - even though its stated policy is to make loans only to its "affluent" investors, which the senator is not. (Tue, 21 Feb 2006 08:49:02 GMT)

SBI to hike home loan rates from next month
Mumbai, Feb 21 (PTI) Country's largest bank State Bank of India today announced a hike in floating home loan rates by up to 0.50 per cent and fixed rates by up to 0.75 per cent with effect from March one. (Tue, 21 Feb 2006 08:50:10 GMT)

Mortgage fraud soars
Mortgage fraud losses in Michigan jumped from nearly $9 million to $26 million over a two-year period in what has become one of the fastest-growing white-collar crimes in the nation. (Tue, 21 Feb 2006 09:06:24 GMT)

Mortgage fraud soars
Mortgage fraud losses in Michigan jumped from nearly $9 million to $26 million over a two-year period in what has become one of the fastest-growing white-collar crimes in the nation. (Tue, 21 Feb 2006 09:18:41 GMT)

Beware realty tax traps
Tax time provides an opportunity to cash in many of the rewards of dabbling in last year's red-hot real estate market — but there are numerous tax traps if you sold a home, refinanced your mortgage or bought an investment property in 2005. (Tue, 21 Feb 2006 09:19:34 GMT)

SBI to hike home loan rates from March 1
Country's largest bank State Bank of India today announced a hike in floating home loan rates by up to 0.50 per cent and fixed rates by up to 0.75 per cent with effect from March 1. (Tue, 21 Feb 2006 09:37:19 GMT)

German employer group: Economy fragile
Hot Stock Picks for Tomorrow Free report covering hot stock picks & tips, penny stocks, new issues, undervalued & undiscovered situations, and other aggressive stock ideas. (Tue, 21 Feb 2006 11:54:56 GMT)

Mortgage Protection: Don't Get Fleeced!
If you want insurance to protect your mortgage payments if you fall ill or lose your job, don't buy it from your lender. (Tue, 21 Feb 2006 12:00:28 GMT)

Is a never-ending mortgage coming next?
NEW YORK -- The Treasury Department's resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even 50-year mortgages for the first time to help some consumers qualify for loans. (Tue, 21 Feb 2006 12:05:23 GMT)

Hotel investors admit bilking lenders' millions
Two I-Drive hotels were involved in the pair's machinations. Two South Florida investors have admitted bilking mortgage lenders in a $67 million loan scheme to finance hotels in Orlando and South Florida. (Tue, 21 Feb 2006 12:18:07 GMT)

Comment: Mortgage Protection: Don't Get Fleeced!
When you took out a mortgage, did your lender try and persuade you to take out Mortgage Payment Protection Insurance (MPPI)? And did you fall for it? If so you're very likely paying over the odds. (Tue, 21 Feb 2006 12:33:38 GMT)

Longer mortgages are predicted
Treasury's resumption of 30-year bonds could lead to 40-, 50-year home loans The Treasury Department's resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even 50-year mortgages for the first time to help some consumers qualify for loans. (Tue, 21 Feb 2006 12:53:30 GMT)

40-year loan has no money down
In many ways the house for sale on Misty Morning Circle near Mather Airport is a typical Sacramento home: Three-bedroom, two-and-a-half bath, 1,450 square feet with a backyard. (Tue, 21 Feb 2006 13:14:02 GMT)

Santorum's mortgage raises interest
SEN. RICK SANTORUM and his wife received a $500,000, five-year mortgage for their Leesburg, Va., home from a small, private Philadelphia bank run by a major campaign donor - even though its stated policy is to make loans only to its "affluent" investors, which the senator is not. (Tue, 21 Feb 2006 13:49:56 GMT)

Hotel investors admit bilking lenders' millions
Two South Florida investors have admitted bilking mortgage lenders in a $67 million loan scheme to finance hotels in Orlando and South Florida. (Tue, 21 Feb 2006 14:03:33 GMT)

New tools help decipher mortgage confusion
A few entrepreneurs are developing new tools to help home buyers tackle one of the most confusing projects they face: figuring out whether a mortgage is a fair deal. (Tue, 21 Feb 2006 14:23:54 GMT)

New law for Ontario mortgage brokers
Ontario Finance Minister Dwight Duncan has introduced legislation to replace the current Mortgage Brokers Act. The new legislation aims to improve consumer protection, enhance and modernize financial regulation and encourage greater competition and choice for consumers. (Tue, 21 Feb 2006 15:44:28 GMT)

Intel to open technology center in Gaza
Hot Stock Picks for Tomorrow Free report covering hot stock picks & tips, penny stocks, new issues, undervalued & undiscovered situations, and other aggressive stock ideas. (Tue, 21 Feb 2006 16:39:10 GMT)

Hotel investors admit bilking lenders' millions
Two I-Drive hotels were involved in the pair's machinations. Two South Florida investors have admitted bilking mortgage lenders in a $67 million loan scheme to finance hotels in Orlando and South Florida. (Tue, 21 Feb 2006 16:45:44 GMT)

SunTrust Mortgage Names Anthony 'Tuck' Reed Executive Vice President and Head of Secondary Marketing
SunTrust Mortgage, Inc. announced today that Anthony "Tuck" Reed has been named executive vice president and head of secondary marketing. (Tue, 21 Feb 2006 17:36:00 GMT)

Women arrested in alleged mortgage fraud scam
A federal sting operation to crack down on mortgage fraud in metro Atlanta has netted two suspects, including a local woman, at the closing table. (Tue, 21 Feb 2006 17:36:17 GMT)

Mortgage Payment Analysis
Your total mortgage loan is made up of two things: the actual dollar amount that was borrowed (the principal) and the amount of interest that you are paying the bank to borrow the money. Each month, you are required to make a payment towards your loan. This is your mortgage payment. (Tue, 21 Feb 2006 18:08:29 GMT)

SBI squeezes fixed home loan horizon
State Bank of India today announced it was discontinuing fixed-rate home loans for above 10 years in view of “uncertainties” on the longer-term interest rate scenario. (Tue, 21 Feb 2006 18:39:29 GMT)

Kazakh bank in mortgage deal coup
A mortgage bank in Kazakhstan has completed the country's first true sale of residential mortgage risk with a US$150m deal arranged and sponsored by ABN Amro of the Netherlands. (Tue, 21 Feb 2006 18:50:59 GMT)

SBI squeezes fixed home loan horizon
State Bank of India today announced it was discontinuing fixed-rate home loans for above 10 years in view of “uncertainties” on the longer-term interest rate scenario. (Tue, 21 Feb 2006 18:53:55 GMT)

Kazakh bank in mortgage deal coup
A mortgage bank in Kazakhstan has completed the country’s first true sale of residential mortgage risk with a US$150m deal arranged and sponsored by ABN Amro of the Netherlands. (Tue, 21 Feb 2006 19:01:14 GMT)

Women arrested in alleged mortgage fraud scheme
A federal sting operation to crack down on mortgage fraud in metro Atlanta has netted two suspects, including a local woman, at the closing table. (Tue, 21 Feb 2006 19:06:01 GMT)

Michelle Pilecki: Things Not Looking Good at Santorum House
It's a $643,361 McMansion in a relatively new suburban subdivision in Leesburg, Va. The four-acre lot provides lots of room for the six Santorum children to play. That's not a problem. What may be a problem is the mortgage, or rather, how the senator, who told the New York Times Magazine , "We live paycheck to paycheck," was able to refinance his mortgage through a small, private Philadelphia (Tue, 21 Feb 2006 19:16:06 GMT)

Tracks North -- Consumer fraud preys on the vulnerable
It's not enough that the public gets bombarded with credit card offers ad nauseam, sweepstakes pitches that mislead people to think they're instant millionaires and “official” mail from companies that one could infer came from a government agency, now there's an outfit from Pennsylvania pitching mortgage refinance by mail with an envelope and insert that mimic tax forms. (Tue, 21 Feb 2006 20:11:30 GMT)

Impac Mortgage Holdings, Inc. Reports Net Earnings of $270.3 Million for 2005 Compared to $257.6 Million for 2004
Impac Mortgage Holdings, Inc. , a real estate investment trust , today reported net earnings of $270.3 million or $3.35 per diluted common share for 2005, as compared to (Wed, 22 Feb 2006 04:21:00 GMT)

Impac Mortgage Holdings, Inc. Reports Net Earnings of $270.3 Million for 2005 Compared to $257.6 Million for 2004
NEWPORT BEACH, Calif., Feb. 21 /PRNewswire-FirstCall/ -- Impac Mortgage Holdings, ( Nachrichten ) Inc. ("IMH", "Impac" or "the Company"), a real estate investment trust ("REIT"), today reported net earnings of $270.3 million or $3.35 per diluted common share for 2005, as compared to $257.6 million, or $3.72 per diluted common share for 2004. (Wed, 22 Feb 2006 04:37:37 GMT)

Mortgage Interest Deduction Safe
Tampa, Fla. (Feb. 22, 2006) - President Bush said that he wouldn't allow the elimination of the mortgage interest deduction as part of suggested changes to the tax code. (Wed, 22 Feb 2006 05:14:56 GMT)

Singapore DBS, UOB To Hike Mortgage Rates By 50 BPs March
DJ Singapore DBS, UOB To Hike Mortgage Rates By 50 BPs March SINGAPORE (Dow Jones)--DBS Bank, a unit of DBS Group Holdings Ltd. (D05.SG), and United Overseas Bank Ltd. (U11.SG) will raise mortgage rates by 50 basis points starting next month as the impact of higher interbank rates hits Singapore homeowners once again. HSBC (HBC), one of the larger foreign lenders in Singapore, last month decided (Wed, 22 Feb 2006 05:40:00 GMT)

Singapore DBS, UOB To Hike Mortgage Rates By 50 BPs March
SINGAPORE (Dow Jones)--DBS Bank, a unit of DBS Group Holdings Ltd. (D05.SG), and United Overseas Bank Ltd. (U11.SG) will raise mortgage rates by 50 basis points starting next month as the impact of higher interbank rates hits Singapore homeowners once again. (Wed, 22 Feb 2006 05:40:00 GMT)

SBI squeezes fixed home loan horizon
Ends fixed rate home loans for above 10 yrs; ups rates for fresh home loans by 25-75 bps. State Bank of India today announced it was discontinuing fixed-rate home loans for above 10 years in view of “uncertainties” on the longer-term interest rate scenario. (Wed, 22 Feb 2006 05:40:18 GMT)

LIC Housing forecasts further rise in home loan rates
NEW DELHI: After raising home loan rates by 0.5 per cent recently, LIC Housing Finance Company on Wednesday said further hardening of housing loan rates is expected in short term due to low spread between cost of fund and lending rates. (Wed, 22 Feb 2006 10:52:29 GMT)

UPDATE: DBS, UOB To Up Singapore Mortgage Rates In March
UPDATE: DBS, UOB To Up Singapore Mortgage Rates In March (Updates with comments from UOB, OCBC, Citibank and analyst.) SINGAPORE (Dow Jones)--DBS Bank, a unit of DBS Group Holdings Ltd. (D05.SG), and United Overseas Bank Ltd. (U11.SG) will raise mortgage rates next month as the impact of higher interbank rates hits Singapore homeowners once again. The move comes after HSBC (HBC), one of the (Wed, 22 Feb 2006 11:29:00 GMT)

UPDATE: DBS, UOB To Up Singapore Mortgage Rates In March
SINGAPORE (Dow Jones)--DBS Bank, a unit of DBS Group Holdings Ltd. (D05.SG), and United Overseas Bank Ltd. (U11.SG) will raise mortgage rates next month as the impact of higher interbank rates hits Singapore homeowners once again. (Wed, 22 Feb 2006 11:29:00 GMT)

U.S. MBA's Mortgage Applications Index Rose 0.8% Last Week
Feb. 22 (Bloomberg) -- Mortgage applications in the U.S. increased for the first time in four weeks as home purchases rebounded from a two-year low. (Wed, 22 Feb 2006 12:07:49 GMT)

MBA: Mortgage applications increase
Activity index posts its first gain in four weeks on strong demand for new home purchases, industry trade group says. (Wed, 22 Feb 2006 12:33:41 GMT)

(AFX UK Focus) 2006-02-22 12:15 GMT: Refinancing applications fall despite lower fixed rates
WASHINGTON (AFX) -- The volume of mortgage applications filed was relatively flat on a week-to-week basis, rising 0.8% on a seasonally adjusted basis in the week ended Feb. 17, data from the Mortgage Bankers Association show. (Wed, 22 Feb 2006 12:35:45 GMT)

DBS, UOB raise home loan rates, OCBC reviewing situation
SINGAPORE : Housing mortgage rates are on the increase. Both DBS and UOB are increasing their home loan rates with immediate effect for new loan applications. (Wed, 22 Feb 2006 12:35:51 GMT)

Santorum defends his home mortgage
U.S. Sen. Rick Santorum (R., Pa.) provided details yesterday of his $500,000 home mortgage loan after disclosures that he secured it through a bank whose top executives were campaign donors. (Wed, 22 Feb 2006 12:55:07 GMT)

Santorum defends his home mortgage
U.S. Sen. Rick Santorum (R., Pa.) provided details yesterday of his $500,000 home mortgage loan after disclosures that he secured it through a bank whose top executives were campaign donors. (Wed, 22 Feb 2006 13:16:41 GMT)

Bond sale could shake up mortgage Market
NEW YORK -- The Treasury Department's resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even 50-year mortgages for the first time to help some consumers qualify for loans. (Wed, 22 Feb 2006 13:43:30 GMT)

Mortgage Applications Rise
Increased demand for loans helped to boost U.S. mortgage applications, the Mortgage Bankers Association said Wednesday. (Wed, 22 Feb 2006 15:07:58 GMT)

MonsterMortgage.ca selects Marlborough Stirling Canada's MorWEB mortgage origination solution
February 17, 2006 - Marlborough Stirling Canada, a leading provider of mortgage origination and administration technology services to the Canadian financial services industry, today announced that MonsterMortgage.ca, one of Ontario's most recognizable and innovative mortgage brokerage firms, has selected MorWEB as its exclusive mortgage origination and application processing solution. (Wed, 22 Feb 2006 17:43:45 GMT)

Home Loan Criteria Raised Yet Again
From now on, only couples whose combined annual income is less than 30 million won will be eligible for first-time homebuyer loans, according to Minister of Construction and Transportation Choo Byung-jik. The interest on the loan will rise from the current annual 5.2 percent to 5.7 percent. (Wed, 22 Feb 2006 18:36:10 GMT)

EAST BAY BIZ BUZZ: Wells Fargo opens mortgage center in Concord
Wells Fargo has opened a new 14,312-square-foot facility in Concord, where it will process mortgage loans originated throughout the Bay Area. The San Francisco-based bank will employ 60 employees, many of whom speak Spanish, Cantonese and Tagalog, at the new center at 1000 Burnett Ave., Ste. 300. (Wed, 22 Feb 2006 20:31:11 GMT)

Arcelor purchase of Erdemir falls through
Hot Stock Picks for Tomorrow Free report covering hot stock picks & tips, penny stocks, new issues, undervalued & undiscovered situations, and other aggressive stock ideas. (Wed, 22 Feb 2006 21:09:10 GMT)

Official: Consolidation good for banks
Hot Stock Picks for Tomorrow Free report covering hot stock picks & tips, penny stocks, new issues, undervalued & undiscovered situations, and other aggressive stock ideas. (Wed, 22 Feb 2006 21:09:20 GMT)

European businesses planning for bird flu
Hot Stock Picks for Tomorrow Free report covering hot stock picks & tips, penny stocks, new issues, undervalued & undiscovered situations, and other aggressive stock ideas. (Wed, 22 Feb 2006 21:09:30 GMT)

Weekly Home Mortgage Rates
Weekly Home Mortgage Rates (Wed, 22 Feb 2006 21:25:59 GMT)

Weekly Home Mortgage Rates
Average mortgage rates for single-family homes in the 10 largest metropolitan areas as of Feb. 22 as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent of the value of the house. A point is a one-time fee equaling one percent of mortgage. (Wed, 22 Feb 2006 21:48:42 GMT)

Santorum defends use of exclusive mortgage lender, donor
LEESBURG, Va. -- When Sen. Rick Santorum refinanced the loan on his 5,722-square-foot home in this distant Washington suburb, the mortgage came from a private bank that caters to wealthy investors and has donated to his charity. (Wed, 22 Feb 2006 23:47:27 GMT)

EAST BAY BIZ BUZZ: Wells Fargo opens mortgage center in Concord
Wells Fargo has opened a new 14,312-square-foot facility in Concord, where it will process mortgage loans originated throughout the Bay Area. The San Francisco-based bank will employ 60 employees, many of whom speak Spanish, Cantonese and Tagalog, at the new center at 1000 Burnett Ave., Ste. 300. (Thu, 23 Feb 2006 00:31:13 GMT)

NSW housing recovering: Mortgage Choice
There are early signs of a recovery in the NSW housing market and the national market for housing finance continues to grow steadily, Mortgage Choice says. - (Thu, 23 Feb 2006 00:38:16 GMT)

Bond sale could shake up mortgage Market
NEW YORK -- The Treasury Department's resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even 50-year mortgages for the first time to help some consumers qualify for loans. (Thu, 23 Feb 2006 02:23:56 GMT)

Mortgage complaints increase by 19%
Mortgage-related complaints rose by 19 percent, to 724 individual cases, to become the leading source of dissatisfaction in banking services, the ombudsman for banking services annual report said yesterday. (Thu, 23 Feb 2006 02:35:11 GMT)

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Arrow Mortgage CORPORATION Your Dream ... Our Solutions! Serving all of Massachusetts, New Hampshire, Maine, Rhode Island and Florida It is our #1 priority to provide all of our clients with the utmost honest, professional service. (Thu, 23 Feb 2006 03:06:45 GMT)

Santorum defends his home mortgage
U.S. Sen. Rick Santorum (R., Pa.) provided details yesterday of his $500,000 home mortgage loan after disclosures that he secured it through a bank whose top executives were campaign donors. (Thu, 23 Feb 2006 04:10:08 GMT)

Santorum gets mortgage via exclusive bank
When Sen. Rick Santorum refinanced the loan on his 5,722-square-foot home in Leesburg, Va., a distant Washington suburb, the mortgage came from a private bank that caters to wealthy investors and has donated to his charity. (Thu, 23 Feb 2006 05:20:03 GMT)

NSW housing market recovering: Mortgage Choice
There are early signs of a recovery in the NSW housing market and the national market for housing finance continues to grow steadily, Mortgage Choice says. - (Thu, 23 Feb 2006 05:28:19 GMT)

Mortgage Choice sees NSW recovery signs
There are early signs of a recovery in the NSW housing market, Mortgage Choice says. (Thu, 23 Feb 2006 06:27:36 GMT)

Mortgage Choice sees NSW recovery signs
There are early signs of a recovery in the NSW housing market and the national market for housing finance continues to grow steadily, Mortgage Choice Ltd says. (Thu, 23 Feb 2006 06:43:14 GMT)

Santorum loan hit
The flap over Sen. Rick Santorum's unorthodox $500,000 mortgage for his family home in Leesburg, Va., took another twist yesterday when a leading watchdog group filed a formal complaint with the Senate Ethics Committee - charging that the loan from a private bank was an illegal gift because Santorum did not meet its stated guidelines. (Thu, 23 Feb 2006 08:07:13 GMT)

Santorum defends home loan
LEESBURG, Va. -- When Sen. Rick Santorum refinanced the loan on his 5,722-square-foot home in this distant Washington suburb, the mortgage came from a private bank that caters to wealthy investors and has donated to his charity. (Thu, 23 Feb 2006 08:11:22 GMT)

Casey also got mortgage from a bank with donors
Democratic Senate candidate Bob Casey Jr. released details of his $120,000 home mortgage yesterday, showing that, like his Republican opponent, he holds a loan with a bank whose board members are campaign donors. (Thu, 23 Feb 2006 08:36:15 GMT)

Bond sale could shake up mortgage Market
NEW YORK -- The Treasury Department's resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even 50-year mortgages for the first time to help some consumers qualify for loans. (Thu, 23 Feb 2006 09:21:00 GMT)

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YOUR # 1Source FOR GREAT LOANS NJ Licensed Mortgage Banker . Purchase Mortgages . Debt Consolidation . Home Improvements . Refinancing . Home Equity Loans . Construction Loans . (Thu, 23 Feb 2006 09:22:11 GMT)

Trying to lower mortgage payment
You can extend the term, but that will increase your interest costs, says Dr. Don. (Thu, 23 Feb 2006 11:00:00 GMT)

Long-term mortgage rates down, short-term rates up
Some inflation indicators were up and others down. Mortgage rates followed suit in this week's Bankrate survey of large lenders. (Thu, 23 Feb 2006 11:00:00 GMT)

Don't overlook tax break of home mortgage points
Don't overlook the points you paid to get a lower mortgage rate. They can be a useful tax break. (Thu, 23 Feb 2006 11:00:00 GMT)

Wells Fargo opens mortgage loan site
Wells Fargo has opened a new 14,312-square-foot facility in Concord, where it will process mortgage loans originated across the Bay Area. The San Francisco-based bank will employ 60 employees, many of whom speak Spanish, Cantonese and Tagalog, at the new center at 1000 Burnett Ave., Suite 300. (Thu, 23 Feb 2006 11:03:48 GMT)

Mortgage market expands
Israel’s mortgage market for new loans grew 15.8% in 2005 to NIS 26.4 billion. (Thu, 23 Feb 2006 11:55:57 GMT)

Santorum defends use of exclusive mortgage lender, donor
When Sen. Rick Santorum refinanced the loan on his 5,722-square-foot home in this distant Washington suburb, the mortgage came from a private bank that caters to wealthy investors and has donated to his charity. (Thu, 23 Feb 2006 12:23:18 GMT)

Refinancing home for one year makes no sense
Dear Dr. Don, Our credit score currently is right at that magical 700-ish cut-off. Our credit gets dragged down with student loans, two timeshares (one will be paid off within a year) and a home equity line of credit. (Thu, 23 Feb 2006 12:27:21 GMT)

Bankrate: Mortgage Rates Mixed in Response to Inflation News
Fixed mortgage rates fell as investors put on the inflation blinders, but adjustable mortgage rates climbed in anticipation of additional Fed interest rate hikes. The average 30-year fixed rate mortgage dipped from 6.37 percent to 6.34 percent, according to Bankrate.com's weekly national survey of large lenders. (Thu, 23 Feb 2006 12:30:00 GMT)

Bankrate: Mortgage Rates Mixed in Response to Inflation News
NEW YORK, Feb. 23 /PRNewswire-FirstCall/ -- Fixed mortgage rates fell as investors put on the inflation blinders, but adjustable mortgage rates climbed in anticipation of additional Fed interest rate hikes. (Thu, 23 Feb 2006 12:40:23 GMT)

Refinancing road debt pushed
Refinancing the $6 billion owed by a nearly bankrupt highway trust fund would give the state money to fix roads and bridges without having to raise the gasoline tax, at least for the next couple of years, Assembly Speaker Joseph Roberts said Wednesday. (Thu, 23 Feb 2006 13:16:50 GMT)

Refinancing road debt pushed
Refinancing the $6 billion owed by a nearly bankrupt highway trust fund would give the state money to fix roads and bridges without having to raise the gasoline tax, at least for the next couple of years, Assembly Speaker Joseph Roberts said Wednesday. (Thu, 23 Feb 2006 13:17:27 GMT)

Casey also got mortgage from a bank with donors
Democratic Senate candidate Bob Casey Jr. released details of his $120,000 home mortgage yesterday, showing that, like his Republican opponent, he holds a loan with a bank whose board members are campaign donors. (Thu, 23 Feb 2006 13:31:52 GMT)

Casey also got mortgage from a bank with donors
Democratic Senate candidate Bob Casey Jr. released details of his $120,000 home mortgage yesterday, showing that, like his Republican opponent, he holds a loan with a bank whose board members are campaign donors. (Thu, 23 Feb 2006 13:40:27 GMT)

Mortgage Choice detects signs of life in Sydney housing
FLICKERING signs of life in the Sydney property market have helped mortgage broker Mortgage Choice double its profit growth forecast for the full year. - (Thu, 23 Feb 2006 13:41:27 GMT)

Santorum loan hit
The flap over Sen. Rick Santorum's unorthodox $500,000 mortgage for his family home in Leesburg, Va., took another twist yesterday when a leading watchdog group filed a formal complaint with the Senate Ethics Committee - charging that the loan from a private bank was an illegal gift because Santorum did not meet its stated guidelines. (Thu, 23 Feb 2006 13:50:38 GMT)

Santorum defends home loan
LEESBURG, Va. -- When Sen. Rick Santorum refinanced the loan on his 5,722-square-foot home in this distant Washington suburb, the mortgage came from a private bank that caters to wealthy investors and has donated to his charity. (Thu, 23 Feb 2006 13:56:32 GMT)

Bond sale could shake up mortgage Market
NEW YORK -- The Treasury Department's resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even 50-year mortgages for the first time to help some consumers qualify for loans. (Thu, 23 Feb 2006 14:39:36 GMT)

Refinancing Boom Over
Amid higher mortgage rates, most refinancings now center on cashing out equity or adjusting payments to major life changes. (Thu, 23 Feb 2006 15:34:24 GMT)

Mortgage rates take a break
Mortgage rates took a break nearly across the board after consistent increases over the past five weeks. (Thu, 23 Feb 2006 16:34:22 GMT)

Wells Fargo opens mortgage loan site
Wells Fargo has opened a new 14,312-square-foot facility in Concord, where it will process mortgage loans originated across the Bay Area. The San Francisco-based bank will employ 60 employees, many of whom speak Spanish, Cantonese and Tagalog, at the new center at 1000 Burnett Ave., Suite 300. (Thu, 23 Feb 2006 16:34:48 GMT)

U.S. mortgage rates inch lower; 30-year at 6.26%
CHICAGO (MarketWatch) -- Mortgage rates inched lower in the week ending Thursday, Freddie Mac said, the first decline in rates in five weeks. (Thu, 23 Feb 2006 16:41:02 GMT)

Navigating the mortgage rate landscape
Times, they are a-changing...especially in the housing market. With interest rates on the rise, getting a mortgage is a whole new ball game. (Thu, 23 Feb 2006 17:03:41 GMT)

First Residential Mortgage planning to add 273 jobs
First Residential Mortgage Net­work Inc., an Internet-based mortgage banking business, plans to add 273 jobs in what would be the company's third major expansion in four years. (Thu, 23 Feb 2006 17:30:55 GMT)

Sarfaesi comes in handy to recover dud home loans
Banks and housing finance companies have begun using the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Sarfaesi Act) to force home loan defaulters to pay up. (Thu, 23 Feb 2006 18:42:20 GMT)

Mortgage office closing in Bucks County
H&R Block Mortgage Corp. is closing its Trevose, Pa., office in a move that is expected to cause 97 layoffs, according to a notification the company sent to the Pennsylvania Bureau of Workforce Development. (Thu, 23 Feb 2006 18:52:04 GMT)

Casey also got mortgage from a bank with donors
Democratic Senate candidate Bob Casey Jr. released details of his $120,000 home mortgage yesterday, showing that, like his Republican opponent, he holds a loan with a bank whose board members are campaign donors. (Thu, 23 Feb 2006 19:29:14 GMT)

Santorum Defends Use Of Exclusive Mortgage Lender, Donor
LEESBURGH, Va. -- When Sen. Rick Santorum refinanced the loan on his 5,722-square-foot home in this distant Washington suburb, the mortgage came from a private bank that caters to wealthy investors and has donated to his charity. (Thu, 23 Feb 2006 19:59:29 GMT)

Mortgage Rates Mixed in Response to Inflation News
RISMEDIA, Feb. 24 — Fixed mortgage rates fell as investors put on the inflation blinders, but adjustable mortgage rates climbed in anticipation of additional Fed interest rate hikes. (Thu, 23 Feb 2006 20:59:51 GMT)

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