Mortgage News Jan 2009

Sep 2010 | Aug 2010 | Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010 | Feb 2010 | Jan 2010 | Dec 2009 | Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 2008 | Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006

Previous 1 2 3 4 5 6 7 Next

Mortgage rates rock
Santa Fe mortgage brokers and bankers are experiencing a rush of mortgage applications as borrowers react to lower rates by refinancing mortgages and, to a lesser degree, buying new homes. (Tue, 06 Jan 2009 06:15:09 GMT)

Should you prepay your car, home loans?
Prepaying a loan is usually a good idea. And, part-prepaying the principal part of the loan makes even more sense. The reason is that it reduces the total amount of interest you have to pay out and, possibly, the loan tenure. But before doing so, you must look at some factors. (Tue, 06 Jan 2009 06:27:00 GMT)

Check out the latest home loan rates
It's a good time for those planning to avail of a home loan. Home loan rates have come down and new slabs have been introduced to make it easier for people to buy the house of their dreams. (Tue, 06 Jan 2009 07:44:31 GMT)

You'll need a 40% deposit, mortgage-hunters are warned
A quarter of mortgage deals are available only to borrowers with a 40 per cent deposit, it has been revealed. (Tue, 06 Jan 2009 08:32:57 GMT)

Residents refinancing to save money
The recent action by the Federal Reserve to lower the interest rates has filtered down to consumers and resulted in a rash of Maumelle residents taking advantage of lower mortgage rates to refinance their home loans. (Tue, 06 Jan 2009 08:34:52 GMT)

CapitaCommercial says refinanced $390 mln debt
SINGAPORE, Jan 6 (Reuters) - CapitaCommercial Trust said on Tuesday it has secured a three-year loan of up to S$580 million ($393.2 million) to refinance commercial mortgage-backed securities (CMBS) that mature in March. (Tue, 06 Jan 2009 10:14:13 GMT)

Fed to Begin Buying Mortgage-Backed Securities
The Federal Reserve Bank of New York said Monday that it had begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. (Tue, 06 Jan 2009 10:17:50 GMT)

City on brink of 15-year loan extension
SPRINGFIELD The City of Springfield is very close to being granted a 15-year extension on the repayment of a $52 million bailout loan issued to them in 2004. The bill recently made its way through the House of Representatives and is expected to come before the Senate some time on Monday. (Tue, 06 Jan 2009 11:24:42 GMT)

Coventry to launch new mortgage products
Coventry, a UK-based building society, is launching a new range of mortgage products, which include a two-year residential fixed rate of 4.99% available at 85% loan to value, with free valuation and free remortgage transfer service. (Tue, 06 Jan 2009 11:42:22 GMT)

All Sport... Addicks snap up Murty on loan
New Charlton manager Phil Parkinson started the process of freshening up his ailing squad with the loan signing of former Reading captain Graeme Murty. (Tue, 06 Jan 2009 11:48:13 GMT)

Apollo Home Mortgage opens Hibbing branch
HIBBING — Surprisingly, given all the negative national press about home foreclosures and a crisis in the home mortgage industry, now is a “very good time to seek a home mortgage,” according to Bobbi Jo Amic, senior loan officer for the new Apollo Home Mortgage Group office recently opened at 2208 First Ave. (Tue, 06 Jan 2009 12:15:21 GMT)

Mortgage lender pledges to stay
One of Jersey's biggest mortgage lenders says it will not be pulling out of the island, despite not being allowed to expand. (Tue, 06 Jan 2009 13:30:21 GMT)

ING DIRECT's Mason named to Home Loan Bank board
The Board of Directors of the Federal Home Loan Bank of Pittsburgh has appointed John Mason, an officer of ING Bank, fsb (operating as ING DIRECT), as a member of the Bank’s Board. Mason was named to the open member director seat on the Board currently allocated to Delaware. (Tue, 06 Jan 2009 14:17:36 GMT)

Donovan Seals Bayern Loan
The LA Galaxy and German Bundesliga club Bayern Munich have reached an agreement that will allow Galaxy forward Landon Donovan to join the club on loan. (Tue, 06 Jan 2009 14:22:33 GMT)

Report: Ga. mortgage rates among lowest
Georgia had the second-lowest 30-year fixed mortgage rates last week, according to real estate Web site Zillow.com (Tue, 06 Jan 2009 15:37:48 GMT)

Consumer News: Refinancing
Mortgage interest rates are down. In today's consumer watch Jessica Doyle explains if now is a good time to refinance. read more (Tue, 06 Jan 2009 15:43:21 GMT)

Pending Home Sales Index Down 4% In November
Pending Home Sales Index Down 4% In November (Tue, 06 Jan 2009 15:53:18 GMT)

Fed Didn’t Arrange Mortgage Repos For First Time Since March
Jan. 6 (Bloomberg) -- The Federal Reserve didn’t add temporary 28-day reserves in exchange for mortgage-backed securities for the first time since it began a weekly lending program in March. (Tue, 06 Jan 2009 17:10:15 GMT)

Need a loan? Go to college
A car loan may be hard to come by for some. Same with home loans. Businesses say they aren't getting much credit. But college loans are actaully up substantially, according to a report Tuesday in The Wall Street Journal. (Tue, 06 Jan 2009 17:22:26 GMT)

Mother (and father), can you spare a dime?
I could not have bought my first house long ago without borrowing the down payment from Mom and Dad. Their loan got me started down the home-equity path, and it's paid dividends ever since. (Tue, 06 Jan 2009 18:48:00 GMT)

DOJ Expands Corp Fraud Task Force To Examine Mortgage Fraud
WASHINGTON -(Dow Jones)- The U.S. Department of Justice said Tuesday that it is retooling its Corporate Fraud Task Force to focus on mortgage fraud related to the ongoing housing crisis. (Tue, 06 Jan 2009 19:39:10 GMT)

Conyers introduces mortgage legislation
One of the first bills to drop in the 111th Congress comes from Detroit Democrat John Conyers, who with some other members of the House Judiciary Committee wants to loosen bankruptcy rules so that judges can modify mortgage terms to help people keep their homes. (Tue, 06 Jan 2009 20:05:21 GMT)

Democrats Introduce Bill To Let Judges Adjust Mortgage Terms
Democrats Introduce Bill To Let Judges Adjust Mortgage Terms (Tue, 06 Jan 2009 20:08:18 GMT)

Mortgage-Bond Spreads Fall Amid Speculation of More Fed Buying
Jan. 6 (Bloomberg) -- Yields on Fannie Mae , Freddie Mac and Ginnie Mae mortgage securities tumbled to the lowest since October 2007 relative to government notes, after the Federal Reserve began a $500 billion program to buy the bonds. (Tue, 06 Jan 2009 20:10:12 GMT)

Fed Halts Mortgage Repos For First Time Since March (Update1)
Jan. 6 (Bloomberg) -- The Federal Reserve didn’t purchase mortgage-backed securities to add reserves to the banking system for the first time since it began a weekly lending program in March during the heart of the credit crisis. (Tue, 06 Jan 2009 20:40:22 GMT)

Governor appoints 10 to Iowa Student Loan board
Gov. Chet Culver has appointed six new members to the Iowa Student Loan Liquidity Corp’s board of directors and reappointed four members, his office announced today. (Tue, 06 Jan 2009 20:41:59 GMT)

Mortgage-backed securities jump, signaling rates to drop
SAN FRANCISCO (MarketWatch) -- Mortgage-backed securities rallied Tuesday, sending yields sharply lower, which indicates mortgage rates are likely to fall further. Yields on securities of pooled mortgages backed by Fannie Mae fell 30 basis points Tuesday from Monday's close, following a 17 basis-point decline Monday, said Miller Tabak & Co. bond strategist Tony Crescenzi. These yields correlate ... (Tue, 06 Jan 2009 21:19:10 GMT)

Mortgage-backed Securities Jump, Signaling Rates To Drop
Mortgage-backed Securities Jump, Signaling Rates To Drop (Tue, 06 Jan 2009 21:38:08 GMT)

Florida Real Estate - Mortgage Loan For Your Home Purchase
The year-round tropical climate of Florida offers a good condition for homebuyers who want to permanently settle down in the city. (Tue, 06 Jan 2009 22:03:02 GMT)

Lear Seeks To Amend Loan In Light Of Brutal Industry Climate
Lear Seeks To Amend Loan In Light Of Brutal Industry Climate (Tue, 06 Jan 2009 22:09:31 GMT)

What you need to know about refinancing
With interest rates nearing historic lows, many are locking in lower mortgage rates (Tue, 06 Jan 2009 22:13:38 GMT)

Leading Democrat offers mortgage aid bill
The second-ranking Democrat of the U.S. Senate on Tuesday introduced legislation that would let bankruptcy judges erase some mortgage debt in an effort to stem foreclosures. (Tue, 06 Jan 2009 22:29:25 GMT)

'£2,000 debt nearly cost me my home'
Patience Iweta's council tax arrears of less than £2,000 escalated to a debt of more than £20,000 when she was forced to take out a huge loan to avoid losing her home. (Tue, 06 Jan 2009 22:52:49 GMT)

Mortgage-Bond Yields Hit Lows on Speculation of More Fed Buying
Jan. 6 (Bloomberg) -- Yields on Fannie Mae , Freddie Mac and Ginnie Mae mortgage bonds fell to record lows, dragged down by their declining spreads relative to government notes after the Federal Reserve began a $500 billion program to buy the bonds. (Tue, 06 Jan 2009 22:55:23 GMT)

Low Mortgage Rates Have Many Refinancing
Due to the low rates, mortgage companies across the country are seeing more people applying to refinance their homes, and here in southern Maine is no exception. (Tue, 06 Jan 2009 23:57:27 GMT)

CapitaCommercial Trust Jumps Most in Two Months on Refinancing
Jan. 7 (Bloomberg) -- CapitaCommercial Trust , the office landlord partly owned by Singapore’s largest developer, rallied the most in two months after saying it will refinance as much as S$580 million ($393 million) of mortgage-backed securities. (Wed, 07 Jan 2009 02:21:41 GMT)

Mortgage rates are low, but loans difficult to get
Banks are reluctant to lend at favorable rates to all but the most bulletproof of borrowers, according to area mortgage brokers. Unless you have a gold-plated credit score, low credit-card debt and a big down payment or a lot of equity, those rates of 5 percent or less on a 30-year fixed-rate mortgage may be out of reach. (Wed, 07 Jan 2009 02:23:09 GMT)

Mortgage rates are low, but loans difficult to get
Banks are reluctant to lend at favorable rates to all but the most bulletproof of borrowers, according to area mortgage brokers. Unless you have a gold-plated credit score, low credit-card debt and a big down payment or a lot of equity, those rates of 5 percent or less on a 30-year fixed-rate mortgage may be out of reach. (Wed, 07 Jan 2009 02:25:52 GMT)

Rushing to refinance: Is it worth it?
Right now 30-year, fixed mortgage rates are at a 37-year low, and that has many people looking to save. (Wed, 07 Jan 2009 03:39:26 GMT)

Apollo Home Mortgage opens Hibbing branch
HIBBING — Surprisingly, given all the negative national press about home foreclosures and a crisis in the home mortgage industry, now is a “very good time to seek a home mortgage,” according to Bobbi Jo Amic, senior loan officer for the new Apollo Home Mortgage Group office recently opened at 2208 First Ave. (Wed, 07 Jan 2009 03:47:04 GMT)

CapitaCommercial Trust Jumps on Debt Refinancing (Update1)
Jan. 7 (Bloomberg) -- CapitaCommercial Trust , the office landlord partly owned by Singapore’s largest developer, rallied the most in two months after saying it will refinance as much as S$580 million ($393 million) of mortgage-backed securities. (Wed, 07 Jan 2009 08:09:04 GMT)

Residents refinancing to save money
The recent action by the Federal Reserve to lower the interest rates has filtered down to consumers and resulted in a rash of Maumelle residents taking advantage of lower mortgage rates to refinance their home loans. (Wed, 07 Jan 2009 08:34:52 GMT)

Your Money: Think it through before you refinance
Did you hear mortgage rates dropped below 5 percent? (Wed, 07 Jan 2009 10:16:32 GMT)

Student Loan board gets 6 new members
A retired bank president will lead the board of directors of Iowa Student Loan Liquidity Corp., as the governor takes steps to ensure Iowa students get an affordable college education. (Wed, 07 Jan 2009 10:28:51 GMT)

U.S. Banks Need to Raise More Capital, Whitney Says (Update1)
U.S. banks’ earnings will be hurt in 2009 by as much as $40 billion of further writedowns as asset prices continue to drop, and credit-ratings are cut on home loan-related securities, Whitney said in a note to clients Jan. 6. (Wed, 07 Jan 2009 11:30:29 GMT)

A rush to refinance homes
Homeowners with good credit scores are poised to capitalize on lowest rates in years The economic turmoil of 2008 has left few bright spots, but here's one: Mortgage rates have plummeted. Rates on 30-year, fixed loans are hovering around 5 percent — the lowest level since Freddie Mac began tracking rates in 1971. Some predict a further slide in rates once Barack Obama rolls out an economic ... (Wed, 07 Jan 2009 11:31:42 GMT)

Mortgage applications fell 8.2% last week: MBA
Last week's mortgage applications show a seasonally adjusted decrease 8.2% from the pace of the week before, reflecting a drop in homeowners seeking to refinance their mortgages, according to Mortgage Bankers Association data. Data on filings and mortgage rates have drawn keen interest from investors and economists alike, in line with the Federal Reserve's move this week to start purchasing ... (Wed, 07 Jan 2009 12:06:46 GMT)

US MBA Mortgage Survey Snapshot
WASHINGTON (Dow Jones)--Following is data from the Mortgage Bankers Association of America's weekly mortgage application survey, released Wednesday. (Wed, 07 Jan 2009 12:08:36 GMT)

US MBA Mortgage Survey Table Of Current Interest Rates
Change in Contract Rate (bps) Effective Total Contract 1 Week 4 Weeks 1 Year Rate Points Rate Ago Ago Ago 30-Year Fixed 5.30 1.16 5.07 4 -37 -66 15-Year Fixed 4.96 1.16 4.67 -13 -42 -55 ARM, 1-Yr Tsy 5.98 0.31 5.90 -25 -86 -13 FHA 203 (b) 5.28 1.09 5.10 2 -39 -63 All rates except FHA 203(b) are for 80% loan-to-value mortgage. (Wed, 07 Jan 2009 12:09:14 GMT)

UPDATE: Mortgage Applications Fell 8.2% Last Week: MBA
CHICAGO (Dow Jones) -- Mortgage applications filed last week decreased a seasonally adjusted 8.2% from the pace of the week before, reflecting a drop in homeowners seeking to refinance their mortgages, the Mortgage Bankers Association reported Wednesday. (Wed, 07 Jan 2009 12:22:52 GMT)

Mortgage applications dip despite low rates
Applications fell 8.2% in the week ended Jan. 2 after hitting a 5-year high the previous week. (Wed, 07 Jan 2009 12:50:39 GMT)

PennyMac Funds Buys Mortgage Portfolio From FDIC
PennyMac Funds Buys Mortgage Portfolio From FDIC (Wed, 07 Jan 2009 14:08:08 GMT)

ING DIRECT's Mason named to Home Loan Bank board
The Board of Directors of the Federal Home Loan Bank of Pittsburgh has appointed John Mason, an officer of ING Bank, fsb (operating as ING DIRECT), as a member of the Bank’s Board. Mason was named to the open member director seat on the Board currently allocated to Delaware. (Wed, 07 Jan 2009 14:18:34 GMT)

Manitoba considers options after payday loan legal setback
Manitoba's NDP government is trying to determine how it can regulate payday loan companies following a serious setback in court. (Wed, 07 Jan 2009 15:29:33 GMT)

Mortgage volume down in week
The volume of applications for U.S. mortgages decreased last week, falling by a seasonally adjusted 8.2 percent, an industry group said.The Market Composite Index, which measures mortgage loan application volume, dropped from 1,245.7 to 1,143.8 in the week ending Jan. 2, the Mortgage Bankers Association said in a release Wednesday.The Refinance Index also fell, dropping 12.3 percent to 5,904.5, ... (Wed, 07 Jan 2009 15:37:34 GMT)

Consumer loan late payments at 28-year high
Soaring unemployment has caused more Americans to fall behind on loan payments than at any time since 1980, and delinquencies are likely to head higher, the American Bankers Association said on Wednesday. (Wed, 07 Jan 2009 15:45:48 GMT)

Consumer loan late payments at 28-year high
WASHINGTON/NEW YORK (Reuters) - Soaring unemployment has caused more Americans to fall behind on loan payments than at any time since 1980, and delinquencies are likely to head higher, the American Bankers Association said on Wednesday. (Wed, 07 Jan 2009 17:00:44 GMT)

This year is 'a bad time to buy a home,' analyst warns
Fox-Pitt Kelton home-builder analyst Robert Stevenson says 2009 will turn out to be a bad time to buy a home, as the U.S. economy loses more jobs, especially if buyers don’t plan on staying in the house for at least several years. (Wed, 07 Jan 2009 17:51:46 GMT)

US set for further mortgage rates fall
US mortgage activity slipped last week, however mortgage rates for home owners are on track to fall much further as the Federal Reserve implements its plan to buy securities. (Wed, 07 Jan 2009 17:57:03 GMT)

2 NH brothers charged in mortgage fraud case
Two New Hampshire brothers have been charged in a mortgage fraud scheme. U.S. Attorney Tom Colantuono says 30-year-old Thomas Ryder of Hopkinton and his 27-year-old brother, Paul Ryder, of Hudson, and others, filed loan applications that inflated purchase prices, then pocketed the difference between the real sale price and loan amounts. (Wed, 07 Jan 2009 17:57:21 GMT)

Refinancing still booming as homeowners look for lower rates
The nascent refinancing boom took a little breather last week. The Mortgage Bankers Association reported today that applications declined 8.2 percent during the week ending Jan. 2. Even so, applications were still running at nearly three times the pace of November, and 62 percent ahead of year-ago levels. (Wed, 07 Jan 2009 18:22:26 GMT)

Mortgage applications down in latest survey
Mortgage applications fell last week, reflecting a slight dip in refinancing after a surge last month as borrowers seized on lower interest rates. (Wed, 07 Jan 2009 18:33:00 GMT)

Major catastrophe would heighten U.S. mortgage crisis: Report
A major catastrophe, such as an earthquake in California, would exacerbate the mortgage crisis in the United States, according to an Aon Benfield report. (Wed, 07 Jan 2009 18:37:02 GMT)

U.S. Mortgage Rates Fall as Fed Buys Securities: Chart of Day
Jan. 7 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may have finally found a way to drive down mortgage rates. The CHART OF THE DAY shows rates started falling after the Fed announced a $600 billion program to buy mortgage securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. (Wed, 07 Jan 2009 18:39:20 GMT)

Federal Home Loan Bank of Indianapolis Announces Results of Election of Independent Directors
INDIANAPOLIS, Jan. 7, 2009 -- The Federal Home Loan Bank of Indianapolis announces the certified results of the Indiana and Michigan district-wide election of independent directors to its Board of Directors. (Wed, 07 Jan 2009 18:59:50 GMT)

RTEV Applying for $15M Loan
Electric car company asks for loan to get its Wheego Whip ready for U.S. roads. (Wed, 07 Jan 2009 19:21:58 GMT)

Paulson Floats Idea Of Mortgage 'Utilities'
In his final speech scheduled as Treasury secretary, Henry M. Paulson Jr. yesterday proposed replacing mortgage-finance companies Fannie Mae and Freddie Mac with highly regulated utilities that would play a more limited role in making money available for home loans. (Wed, 07 Jan 2009 19:46:07 GMT)

2 NH brothers charged in mortgage fraud case
Associated Press - January 7, 2009 2:35 PM ET CONCORD, N.H. (AP) - Two New Hampshire brothers have been charged in a mortgage fraud scheme. (Wed, 07 Jan 2009 19:49:50 GMT)

Mortgage applications down in latest survey
WASHINGTON (AP) - Fewer people are diving into the refinancing pool, sending mortgage applications tumbling last week. The Mortgage Bankers Association says its application index fell 8.2% for the week ended last Friday after applications surged last month to the highest level since July 2003. (Wed, 07 Jan 2009 19:50:12 GMT)

Mortgage applications down in latest survey
Associated Press - January 7, 2009 2:43 PM ET WASHINGTON (AP) - Fewer people are diving into the refinancing pool, sending mortgage applications tumbling last week. (Wed, 07 Jan 2009 19:55:00 GMT)

Mortgage applications down in latest survey
WASHINGTON (AP) - Fewer people are diving into the refinancing pool, sending mortgage applications tumbling last week. The Mortgage Bankers Association says its application index fell 8.2% for the week ended last Friday after applications surged last month to the highest level since July 2003. (Wed, 07 Jan 2009 19:56:18 GMT)

Home-Equity Loan Delinquencies Increase to Record (Update1)
Jan. 7 (Bloomberg) -- Late payments on home equity loans rose to a record in the third quarter, showing consumers remain under financial stress as unemployment rises amid a continuing credit crisis, the American Bankers Association reported. (Wed, 07 Jan 2009 21:39:14 GMT)

Development council questions home loan repayment data
Data that suggests Australians are not struggling to make home loan repayments has been questioned by the Mid North Coast Regional Council for Social Development. (Wed, 07 Jan 2009 23:06:00 GMT)

Refinancing tips offered in Billings
Mortgage rates are at their lowest level in years, with some lenders offering less than 5% interest in Billings. The trend has many homeowners wondering if or when they should finance. The lower interest (Thu, 08 Jan 2009 01:05:59 GMT)

Tips for Refinancing Your Mortgage
There's a silver lining in the bad news from the real estate market. Mortgage interest rates are the lowest they've been in decades. (Thu, 08 Jan 2009 03:14:25 GMT)

Mortgage Man Making Shoes Shine
DENVER - A former Army Desert Storm tank commander, who made it big in the mortgage industry before the Wall Street crash, is now making it big where the leather meets the road. (Thu, 08 Jan 2009 04:32:39 GMT)

PennyMac buys mortgage portfolio via FDIC deal
PennyMac, a company formed last year by fund manager BlackRock and investment firm Highfields Capital Management, has purchased a $558m (€408m) residential mortgage portfolio from a failed bank, which is further evidence that private equity has shifted investments to the ailing financial sector. (Thu, 08 Jan 2009 05:02:36 GMT)

Should you refinance?
Janiece Brewer hasn’t been asked to crunch so many numbers since the housing boom of 2005. But instead of working with potential new homeowners, the inquiries at her mortgage loan company have been about refinancing as interest rates sink to record lows. (Thu, 08 Jan 2009 05:11:48 GMT)

Loan Delinquencies Hit Record High Last Year
Delinquencies on auto loans and home equity lines of credit reached their highest levels on record during the third quarter of 2008, the American Bankers Association reported yesterday. (Thu, 08 Jan 2009 05:48:58 GMT)

Citigroup, U.S. senators in mortgage legislation talks: report
Citigroup Inc is leading other lenders in advanced talks with key U.S. senators on legislation that would allow judges to set new repayment terms for millions of mortgage holders who wind up in bankruptcy court, the Wall Street Journal said, citing people involved in the talks. (Thu, 08 Jan 2009 06:58:16 GMT)

Businessman gives mortgage proposal
Billionaire businessman Robert L. Johnson talked about his proposal to help solve the mortgage crisis Wednesday, as the chairman of Lake Mary-based Urban Trust Bank was in Central Florida for meetings. (Thu, 08 Jan 2009 09:07:21 GMT)

Home loan help falls short
Nationally, more than half of modified mortgages still defaulted. Despite increased willingness by some lenders to renegotiate troubled home mortgages, the new modified loans have not gone as far as hoped to help strapped (Thu, 08 Jan 2009 09:14:01 GMT)

Cardoza submits plan to refinance mortgages
Rep. Dennis Cardoza proposed a bill Wednesday to have the government refinance mortgages for all homeowners in an effort to stop foreclosures, put more Americans in homes and jump-start an economy in recession. (Thu, 08 Jan 2009 09:24:24 GMT)

U.S. Banks Offer Mortgage Rates Below 5% as Fed Buys Securities
Jan. 8 (Bloomberg) -- The largest U.S. banks are starting to offer fixed home loans below 5 percent after the government began buying mortgage securities to bolster the housing market. (Thu, 08 Jan 2009 10:39:01 GMT)

BoI stops UK broker mortgage sales
Bank of Ireland has announced it is no longer selling UK residential mortgage products through intermediaries. The bank's residential mortgage book was valued at £29 billion sterling at the end of September last year. (Thu, 08 Jan 2009 10:48:23 GMT)

The Mortgage Works introduces two new products
The Mortgage Works, a lending subsidiary of UK-based Nationwide Building Society, has launched two new buy-to-let products. (Thu, 08 Jan 2009 10:56:14 GMT)

Go beyond rate when weighing refinance
Dr. Don Taylor says you should look beyond current mortgage rates when deciding whether or not to refinance. (Thu, 08 Jan 2009 11:00:00 GMT)

Mortgage rates head toward record low
The 30-year fixed-rate mortgage fell 31 basis points, to 5.33 percent, in Bankrate's weekly survey. (Thu, 08 Jan 2009 11:00:00 GMT)

Refinancing suddenly booms
Historically low interest rates recently have sparked a mortgage refinance boom in Hawai'i that is helping homeowners and lenders during difficult economic times. The national average interest on a 30-year fixed-rate mortgage last week dropped to 5.10 percent, with an average 0.7 point purchase cost, according to a survey by Freddie Mac, which said the rate hasn't been lower since the survey's ... (Thu, 08 Jan 2009 11:07:14 GMT)

Bank Of Ireland To Significant Cut U.K. Mortgage Book
Bank Of Ireland To Significant Cut U.K. Mortgage Book (Thu, 08 Jan 2009 11:23:18 GMT)

Bank of Ireland to sharply cut U.K. mortgage book
Bank of Ireland will cut its U.K. mortgage book “significantly” as part of a change in the focus of its business operations, the lender says. (Thu, 08 Jan 2009 11:51:46 GMT)

Mortgage rates approach record low
Mortgage rates continue to plunge toward record territory. (Thu, 08 Jan 2009 11:53:25 GMT)

Dr. Don's refinance tips
EDITOR'S NOTE: Refinancing activity is soaring, so Bankrate asked personal finance columnist Dr. Don Taylor to answer some of our readers' most pressing questions about getting a new mortgage. (Thu, 08 Jan 2009 11:53:35 GMT)

CML calls for more mortgage collars
The Council of Mortgage Lenders has called for more mortgage providers to create and enact ‘collars’ on their mortgage products. ... (Thu, 08 Jan 2009 12:39:19 GMT)

All Sport... Addicks loan Sinclair to Mariners
Charlton have loaned midfielder Dean Sinclair to League 2 Grimsby and looks set to make his debut in Saturday's home game against Morecambe. (Thu, 08 Jan 2009 12:48:11 GMT)

U.S. Banks Offer Mortgage Rates Below 5% as Fed Buys Securities
Jan. 8 (Bloomberg) -- The largest U.S. banks are starting to offer fixed home loans below 5 percent after the government began buying mortgage securities to bolster the housing market. (Thu, 08 Jan 2009 14:00:17 GMT)

ING DIRECT's Mason named to Home Loan Bank board
The Board of Directors of the Federal Home Loan Bank of Pittsburgh has appointed John Mason, an officer of ING Bank, fsb (operating as ING DIRECT), as a member of the Bank’s Board. Mason was named to the open member director seat on the Board currently allocated to Delaware. (Thu, 08 Jan 2009 14:04:46 GMT)

Fixed Mortgage Rate Falls to Record Low, Freddie Says (Update1)
Jan. 8 (Bloomberg) -- The U.S. average rate on a 30-year fixed mortgage dropped for a 10th straight week to the lowest on record as the government began buying mortgage bonds in an effort to stimulate housing demand by reducing borrowing costs. (Thu, 08 Jan 2009 15:50:30 GMT)

Mortgages: Tenth straight decline sends 30-year mortgage to new low
Long-term mortgage rates dropped again this week, with the 30-year fixed-rate mortgage hitting a fourth consecutive record low in the history of Freddie Mac’s weekly survey. (Thu, 08 Jan 2009 15:52:06 GMT)

Mortgage rates dip to new all-time low
Mortgage rates fell to another all-time low, declining for the tenth consecutive week. (Thu, 08 Jan 2009 16:18:48 GMT)

Mortgage giants extend suspensions of foreclosures
Mortgage giants Fannie Mae and Freddie Mac said Thursday they will extend the suspension of foreclosure sales and evictions from single-family homes through the end of January. (Thu, 08 Jan 2009 16:46:14 GMT)

Fixed Mortgage Rate Falls to Record Low, Freddie Says (Update2)
Jan. 8 (Bloomberg) -- The U.S. average rate on a 30-year fixed mortgage dropped for a 10th straight week to the lowest on record as the government began buying mortgage bonds to stimulate housing demand. (Thu, 08 Jan 2009 16:52:04 GMT)

Study Reveals At-Home Loan Officers, MLM and Insurance Agents May Double in 2009
LOS ANGELES----A study performed by CallFire™ reveals that interest in at-home Virtual Call Center™ services has nearly doubled in the first week of operation of 2009. Weekly sales inquiries for at-home Virtual Call Centers have increased year over year by over 52%. (Thu, 08 Jan 2009 17:00:00 GMT)

Study Reveals At-Home Loan Officers, MLM and Insurance Agents May Double in 2009
A study performed by CallFire ™ reveals that interest in at-home Virtual Call Center™ services has nearly doubled in the first week of operation of 2009. Weekly sales inquiries for at-home Virtual Call Centers have increased year over year by over 52%. CallFire’s ‘new-user’ sign up rate for Loan Officers , MLM agents and Insurance agents has also shown a 33% increase. (Thu, 08 Jan 2009 17:13:02 GMT)

Federal Home Loan Bank of Boston Announces Chair
The Board of Directors of the Federal Home Loan Bank of Boston has elected Jan A. Miller to a two-year term as chair of the board. (Thu, 08 Jan 2009 17:39:00 GMT)

Refinancing shoots through the roof
Prices for everything seem to be going up, but one bright spot has emerged for homeowners. “With the rates at the current levels there have been a big increase in refinancing,” said Edward J Stankunas, a certified mortgage banker with Prime Lending in Plano. (Thu, 08 Jan 2009 18:42:39 GMT)

Citi nears deal with Congress on home loan change
Citigroup Inc. is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures, a person briefed on the matter said Thursday. (Thu, 08 Jan 2009 18:57:50 GMT)

Citi nears deal with Congress on home loan change
WASHINGTON -- Citigroup Inc. is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent U.S. foreclosures, a person briefed on the matter said Thursday. Until now, the banking industry... (Thu, 08 Jan 2009 19:30:06 GMT)

Missouri man pleads guilty in $12.6M mortgage scam
A Gladstone, Mo., insurance agent has pleaded guilty to his part in a $12.6 million mortgage fraud scam. Thirty-nine-year-old Ronald E. Brown Jr. pleaded guilty Thursday to a single count of conspiracy and faces up to five years in prison and $250,000 in fines. (Thu, 08 Jan 2009 19:50:30 GMT)

Canada Court Strikes Mortgage-Interest Deduction Plan (Update1)
Jan. 8 (Bloomberg) -- Canada’s high court struck down a method some wealthy families use to gain tax deductibility for mortgage interest, ruling that a husband’s application of his wife’s deduction to his own income is abusive and illegal. (Thu, 08 Jan 2009 20:17:50 GMT)

Citi backs mortgage bankruptcy reform: senators
Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers, three Democratic senators said on Thursday. (Thu, 08 Jan 2009 20:31:44 GMT)

Citi backs mortgage bankruptcy reform: Senators
Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers, three Democratic senators said on Thursday. (Thu, 08 Jan 2009 20:34:14 GMT)

Deal Between Lawmakers And Citigroup On Mortgage Adjustments
Deal Between Lawmakers And Citigroup On Mortgage Adjustments (Thu, 08 Jan 2009 20:57:36 GMT)

Lawmakers Reach Deal With Citigroup On Mortgage Adjustments
Lawmakers Reach Deal With Citigroup On Mortgage Adjustments (Thu, 08 Jan 2009 20:58:26 GMT)

Stocks mostly higher after mortgage deal
A deal that would prevent more mortgage foreclosures has pulled Wall Street out of a deep early slump and given the market a most higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures. Other lenders are expected to follow suit. (Thu, 08 Jan 2009 21:23:32 GMT)

Refinancing shoots through the roof
Prices for everything seem to be going up, but one bright spot has emerged for homeowners. “With the rates at the current levels there have been a big increase in refinancing,” said Edward J Stankunas, a certified mortgage banker with Prime Lending in Plano. (Thu, 08 Jan 2009 22:12:42 GMT)

Citi backs Senate mortgage bankruptcy reform: senators
Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday. (Thu, 08 Jan 2009 22:32:15 GMT)

Citi nears deal on home loan change
Citigroup Inc is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent US foreclosures. (Thu, 08 Jan 2009 22:34:15 GMT)

Citi nears deal on home loan change
Citigroup Inc is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent US foreclosures, a person briefed on the matter said on Thursday. (Thu, 08 Jan 2009 22:50:37 GMT)

Stocks end mostly higher after mortgage deal
A deal to help head off more mortgage foreclosures pulled Wall Street out of a slump Thursday, giving stocks a mostly higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges alter loans in an effort to prevent homes from going into foreclosure. (Thu, 08 Jan 2009 23:03:31 GMT)

Is It Time To Refinance Your Mortgage?
Falling rates and a friendly Fed mean good things for homeowners. But there's a catch. (Thu, 08 Jan 2009 23:30:12 GMT)

Stocks end mostly higher after mortgage deal
NEW YORK -- A deal to help head off more mortgage foreclosures pulled Wall Street out of a slump Thursday, giving stocks a mostly higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges alter loans in an effort to prevent homes from going into foreclosure. Other lenders are expected to follow suit. (Thu, 08 Jan 2009 23:48:43 GMT)

Citi backs mortgage bankruptcy reform: senators
Financial giant Citigroup Inc has agreed to support a rewrite of bankruptcy law being proposed in the U.S. Congress to help troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday. (Fri, 09 Jan 2009 00:37:52 GMT)

Citi backs mortgage relief plan
US bank Citigroup backs a proposed change in US bankruptcy law to help mortgage borrowers avoid losing their homes. (Fri, 09 Jan 2009 04:42:59 GMT)

As rates slide, we're looking to refinance
The lowest loan interest rates in more than a generation have prompted thousands of homeowners to refinance. (Fri, 09 Jan 2009 05:11:36 GMT)

Citigroup agrees to home loan relief plan
WASHINGTON | Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures. They urged other lenders to follow suit. (Fri, 09 Jan 2009 05:13:47 GMT)

Fit to refinance?
Edward Johnson is not new to mortgage lending. The First National Bank executive vice president and ... (Fri, 09 Jan 2009 06:09:03 GMT)

Citigroup supports measure giving courts big say on mortgage reductions
The lender agrees to support letting bankruptcy judges lower the principal owed on 'underwater' loans. For the first time since the housing crisis began, a major mortgage lender agreed Thursday that courts should be allowed to order reductions in the principal of "underwater" loans for some troubled borrowers, cracking what had been fierce and unified industry opposition. (Fri, 09 Jan 2009 06:30:23 GMT)

Refinancing shoots through the roof
Prices for everything seem to be going up, but one bright spot has emerged for homeowners. “With the rates at the current levels there have been a big increase in refinancing,” said Edward J Stankunas, a certified mortgage banker with Prime Lending in Plano. (Fri, 09 Jan 2009 07:28:19 GMT)

Rates lowest since '71; time to refinance?
The economic turmoil of 2008 has left few bright spots, but here's one: Mortgage rates have plummeted. (Fri, 09 Jan 2009 08:03:29 GMT)

Mortgage rates hit another low
Mortgage rates fall again, hit 4th straight record low Rates on 30-year mortgages fell to a record level for a fourth straight week, dropping to the lowest mark since Freddie Mac started tracking the data 28 years ago. Rates have been falling since late... (Fri, 09 Jan 2009 08:53:00 GMT)

Lenders Backlogged By Refinancing Rush
Borrowers are rushing to refinance their mortgages at record low interest rates but face unexpected delays as swamped lenders struggle to cope with the surge at a time when layoffs have sharply cut staffing. (Fri, 09 Jan 2009 09:03:31 GMT)

Testing time for Commercial-Mortgage Backed Securities refinancing
SINGAPORE: The global credit crunch and increasing competition for funding spells tough times ahead for Commercial-Mortgage Backed Securities (CMBS) in Singapore. (Fri, 09 Jan 2009 09:51:32 GMT)

Freddie Mac: Mortgage rates fall again
Long-term mortgage rates fell for the 10th straight week, setting a new record, mortgage giant Freddie Mac said Thursday. (Fri, 09 Jan 2009 10:07:13 GMT)

Mortgage Plan Gives Stocks a Boost
NEW YORK, Jan. 8 -- A deal to help head off more mortgage foreclosures pulled Wall Street out of a slump Thursday, giving stocks a mostly higher close. (Fri, 09 Jan 2009 10:11:13 GMT)

Fixed mortgage rate falls to record lows, Freddie says
The U.S. average rate on a 30-year fixed mortgage dropped for a 10th straight week to the lowest on record as the government began buying mortgage bonds to stimulate housing demand. (Fri, 09 Jan 2009 10:31:04 GMT)

Mortgage rates drop below 5 percent
The largest U.S. banks are starting to offer fixed home loans below 5 percent after the government began buying mortgage securities to bolster the housing market. (Fri, 09 Jan 2009 11:07:11 GMT)

Freddie Mac report: 30-year mortgage rates are in free-fall
WASHINGTON - Rates on 30-year mortgages fell to a record level for a fourth straight week, dropping to the lowest mark since Freddie Mac started tracking nearly 38 years ago. Rates have been falling since late November, when the Federal Reserve announced a plan to spend up to $500 billion to buy up mortgage-backed securities in efforts to buttress the distressed U.S. housing market. Freddie ... (Fri, 09 Jan 2009 12:06:00 GMT)

More looking to refinance home loans with lower interest rates
SINGAPORE : More people are looking to refinance their home loans in the past few months with lower interest rates, but not without difficulties. (Fri, 09 Jan 2009 12:06:18 GMT)

Bank group slams lawmaker mortgage deal with Citi
A top bank industry group said on Friday that it opposes an agreement between financial giant Citigroup Inc and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure. (Fri, 09 Jan 2009 15:38:10 GMT)

FHA needs to ramp up mortgage oversight, auditor says
The Federal Housing Administration needs to beef up oversight of its mortgage programs, a task that is both increasingly difficult and important as the agency’s market share grows and its resources are stretched, according to Friday testimony by a government auditor. (Fri, 09 Jan 2009 15:52:26 GMT)

Low mortgage rates leave lenders overwhelmed by refi requests
Borrowers are rushing to refinance their mortgages at record low interest rates but face unexpected delays as swamped lenders struggle to cope with the surge at a time when layoffs have sharply cut staffing. (Fri, 09 Jan 2009 16:04:07 GMT)

Bank industry slams lawmaker-Citi mortgage deal
A top bank industry group said on Friday that it opposes an agreement between Citigroup Inc and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, saying it could make home loans more expensive. (Fri, 09 Jan 2009 17:52:15 GMT)

Prepaying Mortgage May Not Trump Investing
In these uncertain times, prepaying a mortgage is a good idea, but there might be better options for a long term benefit. Consider investing in an easily accessible mutual fund or a tax-deferred retirement account. (Fri, 09 Jan 2009 18:10:49 GMT)

Lessons Learned: Mortgage refi paid off
“He that can have patience can have what he will.” — Benjamin Franklin A salute to readers who called mortgage brokers, then took advantage of the bargain residential loan rates mentioned in my mid-December column. (Fri, 09 Jan 2009 18:17:34 GMT)

Dowe 9 months behind on mortgage payment
Court records show the mortgage company filed standard paperwork necessary to ask a judge to foreclose on the former Roanoke City councilman’s home. (Fri, 09 Jan 2009 18:28:37 GMT)

Tell us: Are you refinancing your home?
REFINANCING YOUR MORTGAGE: Are you in the process of refinancing your mortgage to take advantage of today's historically low rates, or have you just done so? (Fri, 09 Jan 2009 18:29:12 GMT)

Why Mortgage Payments Should be Lower than Rents
It's clearly Ryan Avent morning here at Market Movers, since I also find myself with a minor case of siwoti upon reading this: We have folks trying to sell homes of necessity and finding that even prices corresponding to mortgage payments below prevailing rents are failing to draw interesting. (Fri, 09 Jan 2009 18:46:46 GMT)

Dewan Housing cuts home loan rates
CHENNAI: Dewan Housing Finance Corporation has announced a reduction in interest rates for both its new and existing customers. According to a release, the company will now offer home loans starting at 9.75 per cent variable interest rate for ... (Fri, 09 Jan 2009 20:28:16 GMT)

Home will not be foreclosed by City of Biggs
A Biggs family was looking at foreclosure by the City of Biggs over a delinquent CDBG loan that was in arrears, until the mother met with Biggs City Council and staff members, Wednesday night for an appeal of the Home Loan Committee decision to foreclose unless payment of $17,000 was met. (Fri, 09 Jan 2009 21:41:38 GMT)

Previous 1 2 3 4 5 6 7 Next

---

Sep 2010 | Aug 2010 | Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010 | Feb 2010 | Jan 2010 | Dec 2009 | Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 2008 | Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006

insurance finder | link | charity donation | website on elder care | pet memorial site | local plastic surgery | good alternative medicine site | medical malpractice lawyer | gift shopping resources | night clubs | personal finance | find auto dealers | website about home construction | here | UK business resources | mortgage site | find real estate agent online | home security online | a website for cosmetic surgery | Bankruptcy Law Guide | accounting directory | click here | addiction treatment centers | mortgage site | rental car site