Mortgage

900,000 homeowners pushed into negative equity, says mortgage body - Guardian Unlimited
Falling house prices have pushed more than 900,000 homeowners into negative equity , according to the industry body representing mortgage lenders. The latest data from the Council of Mortgage Lenders issued yesterday, reveals that the north-east of

GMAC Follows Wells Fargo Into ‘Warehouse’ Mortgage Resurgence - Bloomberg
April 17 (Bloomberg) — GMAC LLC , the auto and home lender that required a $6 billion government lifeline last year to stay afloat, said it’s taking advantage of record low interest rates by issuing more loans through independent mortgage bankers

Lang Realty, Prospect Mortgage host Helping Hands benefit at III Forks - Boca Raton News
Lang Realty has announced that Prospect Mortgage is the exclusive new mortgage partner for Lang’s five Palm Beach County locations.  A VIP reception to celebrate was held recently at the new III Forks steakhouse in Boca Raton, which opened to the

GMAC Mortgage Says It’s Hiring - Structured Finance News
GMAC Mortgage said it is hiring new staffers at its nationwide lending and servicing centers. On April 13, the company joined the Home Affordable Modification Program and the hires are needed to accommodate the increase in loan modifications, as well

Xceed Mortgage Trust Series 2006-T1 Notes in Early Amortization - CNW Group
TORONTO, April 17 /CNW/ - Xceed Mortgage Corporation (Xceed), as financial services agent of Xceed Mortgage Trust (XMT or the Trust), announced that today (a) the XMT Class A-2 Senior Notes, Series 2006-T1 (Class A-2 Notes) have matured but have not

Mortgage Fraud Crackdown Is Gathering Steam in Florida - Yahoo News
Florida ’s Gulf Coast was crawling with shady real estate investors like Neil Husani during this decade’s housing boom. According to the U.S. Attorney’s office in Tampa , Husani and three co-conspirators working with his Sarasota -based Capital Force

Most mortgage rates fall - Marketwatch
CHICAGO (MarketWatch) — Rates on fixed-rate mortgages dropped this week, with the benchmark 30-year fixed-rate mortgage averaging 4.82%, according to Freddie Mac’s weekly survey, released on Thursday. The 30-year fixed-rate mortgage averaged 4.87

Mortgage Rates Fall This Week; 30-Year Fixed At 4.82% -Freddie - Marketwatch
Mortgage rates fell this week as the average rate on 30-year fixed-rate mortgages remained below 5%, according to Freddie Mac’s ( FRE : Mortgage rates have fallen in recent months as providers try to entice buyers amid the housing market downturn and

Mortgage rates fall, shy of record lows - Everything Alabama Blog
WASHINGTON — Rates on 30-year mortgages dipped this week after rising a week earlier, and remain just above record lows. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages fell to 4.82 percent this

Meltdown 101: Is there a downside to mortgage aid? - Associated Press
BEIJING (AP) — Premier Wen Jiabao says China’s economy is showing “positive changes” but called for more efforts to combat the impact of the global financial crisis, state media reported Sunday. The economy showed “better than expected positive

Bankrupt GGP raises stakes in commercial mortgages - Reuters UK
NEW YORK (Reuters) - The bankruptcy of one of the highest-profile U.S. commercial real estate owners is raising the stakes in negotiations over billions of dollars in office, retail, and apartment property debt that must be refinanced in coming

Mortgage Rates Fall, Remain Higher Than 2008 - CNBC
U.S. mortgage rates fell back toward record lows this week and stayed a percentage point below levels a year ago just as the important spring sales season heats up, Freddie Mac said Thursday. Low mortgage rates are a boon for owners looking to cut

Pair gets prison for mortgage fraud scheme - Minneapolis Star Tribune
Jonathan Helgason and Thomas Balko were sentenced to eight and seven years in federal prison respectively today for their roles in the TJ Waconia mortgage fraud that enveloped 162 properties. U.S. District Judge Joan Ericksen sentenced the pair

Mortgage products and practices lecture - Napa Valley Register
Confused by all the recent changes within the lending industry? Wondering if you’ll ever be able to get a home loan? Concerned about your current loan and feeling a need to refinance? Find reliable information and answers in this class presented by

Read our chat with financial, mortgage experts - Detroit Free Press
During today’s Web chat, readers sought help from Ted Lakkides, founder and director of Cygnet Financial Planning Inc., and David Toepp, president and CEO at the Mortgage Center in Southfield, which works with credit unions to offer mortgages. Both

900,000 homeowners pushed into negative equity, says mortgage body - Guardian Unlimited
Falling house prices have pushed more than 900,000 homeowners into negative equity, according to the industry body representing mortgage lenders. The latest data from the Council of Mortgage Lenders issued yesterday, reveals that the north-east of

Mortgage rates fall shy of record - Contra Costa Times
WASHINGTON — Rates on 30-year mortgages dipped this week after rising a week earlier, and remain just above record lows. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages fell to 4.82 percent this

Treasury Defends Toxic Asset Plan After JPMorgan Opts Out - FOX News
The Treasury Department on Thursday defended the viability of its $1 trillion plan to get soured mortgage investments off of banks’ books after JPMorgan Chase’s chief executive said the company won’t participate. Some analysts said JPMorgan Chase

FICO Launches Mortgage Recovery Initiative - Structured Finance News
Fair Isaac Corp. is offering Mortgage Recovery Initiative (MRI), a foreclosure prevention and management tool based on consumer credit behavior feedback. The tool was developed to help facilitate mortgage modifications and mitigate new delinquencies

6 mortgage companies to get $9.9 billion - Santa Rosa Press Democrat
WASHINGTON — The Obama administration on Wednesday named the first six companies participating in a $75 billion program designed to help millions of struggling homeowners avoid foreclosure. The administration said the companies — including some of

Meltdown 101: Is there a downside to mortgage aid? - Associated Press
SHANGHAI (AP) — China’s latest economic data just came in, and the signs are encouraging. While the economy grew at its slowest pace in more than a decade in the first quarter, other indicators suggest a possible bottoming out of the slowdown that

GMAC mortgage unit: We’re hiring again - Reuters
NEW YORK, April 16 (Reuters) - GMAC LLC, the General Motors Corp ( GM.N ) financing affiliate that received a government bailout, said its mortgage unit is hiring 1,000 people to handle a surge in refinancings and jumbo loans. Earlier this year, GMAC

Pair gets prison for mortgage fraud scheme - Minneapolis Star Tribune
Jonathan Helgason and Thomas Balko were sentenced to eight and seven years in federal prison respectively today for their roles in the TJ Waconia mortgage fraud that enveloped 162 properties. U.S. District Judge Joan Ericksen sentenced the pair

Should I pay the mortgage or the credit card bill? - WCPO
I was recently diagnosed with a kidney failure that keeps me from working like I could before. I ended up borrowing money from my credit card to pay my mortgage to keep up with payments until I can’t pay both my credit card and the mortgage. I’m now

Perth rental prices cooling off as yields approach mortgage rates - News.com.au
IT’S good news for both renters and landlords, with figures showing Perth rental prices cooling off and rental yields approaching mortgage rates. The median asking rent for units stayed static at $350 from the last quarter, while houses rose by $10

Help Is on the Way? Obama Outlines Mortgage Plan - ABC News
Bruce Marks, CEO of the Neighborhood Assistance Corporation of America, a nonprofit community advocacy and homeownership organization, has been an outspoken critic of the Obama administration for not doing enough, sooner. “President Obama, when he

Six companies to get $9.9B under mortgage program - ABC 4
WASHINGTON (AP) - The Obama administration has selected the first six companies to participate in a $75 billion program designed to help millions of struggling homeowners avoid foreclosure. The administration says the companies will receive a maximum

6 companies to get $9.9B under mortgage program - Charleston Daily Mail
WASHINGTON (AP) - The Obama administration has selected the first six companies to participate in a $50 billion program designed to help millions of struggling homeowners avoid foreclosure. The administration says the companies will receive a maximum

6 companies to get $9.9B under mortgage program - WFAA
WASHINGTON – The Obama administration on Wednesday named the first six companies participating in a $75 billion program designed to help millions of struggling homeowners avoid foreclosure. The administration said the companies — including some

6 Companies To Get $9.9B Under Mortgage Plan - Wbaltv.com
WASHINGTON — The Obama administration on Wednesday named the first six companies participating in a $75 billion program designed to help millions of struggling homeowners avoid foreclosure. The administration said the companies — including some of

6 Companies To Get $9.9B Under Mortgage Program - CBS News
(AP) The Obama administration on Wednesday named the first six companies participating in a $75 billion program designed to help millions of struggling homeowners avoid foreclosure. The administration said the companies _ including some of the

Obama launches mortgage modification plan - CNN Money
NEW YORK (CNNMoney.com) — The Obama administration’s loan modification program is finally underway. The Treasury Department announced Wednesday the first six participants to sign up for the president’s plan. They include three of the nation’s

Market attractive to first home buyers - The London Free Press
TORONTO — Real-estate experts say low mortgage rates and more affordable homes in many markets are drawing out first-time home buyers in droves, but one independent analyst says the correction in Canadian home prices isn’t as dramatic as some

Six companies to get U.S. mortgage aid - Globe and Mail
Washington — The Obama administration on Wednesday named the first six companies participating in a $75-billion (U.S.) program designed to help millions of struggling homeowners avoid foreclosure. The administration said the companies — including

Six mortgage firms get $9.9B - AZCentral.com
WASHINGTON - The Obama administration on Wednesday named the first six companies participating in a $75 billion program designed to help millions of struggling homeowners avoid foreclosure. The administration said the companies - including some of

ResCap hiring at least 100 in Pennsylvania - Minneapolis-St Paul Business Journal
Mortgage lender GMAC ResCap plans to hire between 100 and 200 employees at its Fort Washington, Pa., location as part of a companywide staffing increase driven by increased demand for refinancing. Bloomington-based ResCap, which originates and

6 Cos. To Get $9.9B Under Mortgage Program - WSOC-TV
WASHINGTON — The Obama administration has selected the first six companies to participate in a $50 billion program designed to help millions of struggling homeowners avoid foreclosure. The administration said the companies will receive a maximum of

Meltdown 101: Is there a downside to mortgage aid? - Associated Press
NEW YORK (AP) — It’s welcome relief for homeowners struggling with mortgage payments. The new federal program to let people refinance or modify their mortgages is expected to help millions of Americans lower monthly payments and avoid foreclosure

Ocwen, Leading Subprime Mortgage Servicer, Begins Modifying Mortgages - Investors Business Daily
WEST PALM BEACH, Fla., April 13, 2009 (GLOBE NEWSWIRE) — Ocwen Financial Corporation ( OCN ), a leading servicer of subprime mortgages, is among the first servicers (if not the first) in the country to begin executing loan modifications under the U

PCLender.com Releases New White Paper on the Future of Mortgage - Consumer Electronics Net
Risky business models that led to the failure of many national commercial banks and non-depository mortgage bankers has created an opportunity for credit unions to gain mortgage lending market share. A new white paper from PCLender.com discusses how

Fannie Mae chief Herb Allison to head US bailout scheme - Times Online
President Barack Obama is about to appoint banking veteran Herb Allison to run the US Government’s $700 billion bailout scheme, the Wall Street Journal (WSJ) reported. Mr Allison is currently in charge of Fannie Mae, the giant mortgage lender and

RFM Announces New Real Estate Mortgage with ViewPoint Bank - Businesswire.com
DALLAS–( BUSINESS WIRE )– RF Monolithics, Inc. (NASDAQ: RFMI) (“RFM” or the “Company”) announced that it has entered into a $900,000 real estate loan under a Commercial Loan Credit Agreement, Promissory Note dated April 13, 2009, secured by

NOTICE OF MORTGAGE FORECLOSURE SALE, Hardwig-Eberspacher - Daily Journal
LEGAL DESCRIPTION OF PROPERTY: Lot 11 and that part of Lot 10, Block 48, Amended Plat of Block 48 (and other Blocks) of International Falls, lying Easterly of the following described line: Commencing at the Northwesterly Corner of Lot 10, thence

Meltdown 101: Struggling homeowners get mortgage help, but are there - Hartford Courant
NEW YORK (AP) — It’s welcome relief for homeowners struggling with mortgage payments. The new federal program to let people refinance or modify their mortgages is expected to help millions of Americans lower monthly payments and avoid foreclosure

NOTICE OF MORTGAGE FORECLOSURE SALE, Scholler - Daily Journal
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $79,789.56 That prior to the commencement of this mortgage foreclosure proceeding Mortgagee/Assignee of Mortgagee complied with all notice requirements

Former broker sentenced to four years in prison in mortgage-fraud case - Columbus Dispatch
DELAWARE, OHIO — An Upper Arlington man who pleaded guilty last month to participating in a multimillion-dollar mortgage-fraud scheme was sentenced today to four years in prison. Scott McCann, 46, pleaded to eight felony charges as part of a plea

I prefer my hammock mortgage-free - Globe and Mail
COLD LAKE, ONT. — The idea of a cottage show, surely, is to get you thinking about getting away from it all . And, honestly, has there ever been a greater need than of late? But when did it get so expensive that you’d think Bernie Madoff was now

Chris Meyer joins Mortgage Search and Acquisition - PR Inside
Financial Planners in recruiting candidates for investment opportunities. In 1982, Meyer relocated to Phoenix Arizona to start his own firm, resulting in two decades of recruiting within the distribution technology area, targeting business owners

Local Lawyer Blames Mortgage Companies for Foreclosures - KYW News radio
The nation’s economic crisis has led to job loss and default for thousands of Americans. Others are saddled with a mortgage that has terms which are impossible to meet. One local real estate attorney represents many who are in this situation and he

Denverite Discovers Her Home Can Pay Her Back - News 4
Nancy Tucker has found a way to stay in the home she loves. It pays her. “There is no way as a retired person that I could afford all of the utility bills and the other bills that I have and make a mortgage payment on top of this,” she says. Several

Sentencing in $30M fraud set for today - Honolulu Advertiser
Victims of James Lull’s multi-million dollar Ponzi scheme will be on hand to testify in federal court this morning when the former Kaua’i mortgage broker is sentenced for fraud. Lull pleaded guilty in September to defrauding as many as 50 victims out

Don’t delay, time is now to refinance - Detroit News
Good things come to those who wait, and if you’ve been waiting to refinance your mortgage, this is about as good as things are going to get. Thanks to the Federal Reserve acting to push down rates on consumer loans, the 30-year fixed mortgage rate

Banker: Don’t wait for mortgage rates to keep dropping - Star-Banner
The last time mortgage rates took a nose dive almost five years ago, Carl Walls refinanced his home and never looked back, even when rates fell a little more a few months later. The president of Florida Citizens Bank in Ocala made the move even

More Information - Mississippi Business Journal
BILOXI and GULFPORT — Charter Bank of Biloxi has acquired Gulfport-based T. Graham Mortgage for an undisclosed sum. “With T. Graham Mortgage now a part of Charter Bank, we can provide an enhanced level of services and convenience to our customers

New reverse mortgage opens options for seniors - San Francisco Gate
Sunday, April 12, 2009 That in essence is what Robert and Sara Bone are doing with their purchase of a $250,000 condominium at Rossmoor, the big 55-plus retirement community in Walnut Creek. This month, they plunked down about $100,000 - from the

Mortgage rates tick up from record lows - HometownAnnapolis.com
NEW YORK (AP) — Rates on 30-year mortgages inched higher this week after two straight weeks of record lows, but still remained at attractive levels for borrowers looking to refinance their home loans. Mortgage finance giant Freddie Mac said

Feds may have home sellers disclose energy cost - San Francisco Gate
Sunday, April 12, 2009 The Obama administration’s top housing official, Shaun Donovan, secretary of the Department of Housing and Urban Development, said consumers deserve more information on the energy efficiency of the houses they buy - resale and

Wealth Check: Help us clear debts and reduce our mortgage - The Independent
The Quigleys’ finances are under strain. The family is saddled with £24,700 of debt, and beside their mortgage and outgoings this is stretching them to the limit. They pay £312 a month for a £19,000 personal loan with Lloyds TSB over seven years

Fed unveils a $1 trillion mortgage weapon - Fort Lauderdale Sun-Sentinel
WASHINGTON - The Federal Reserve escalated its attack on the nation’s credit crisis on Wednesday, announcing that it would spend more than $1 trillion in the coming year in a bold effort to force down interest rates on mortgages — perhaps by as

Personal Finance : Refinancing’s tougher, but it’s still doable - Arizona Daily Star
Refinancing today is not the same game it was a few years ago, when homeowners with even a modest amount of equity and just so-so credit could score a great loan. You now need good credit, lots of equity and very little outside debt. Homeowners who

The good news as tax deadline nears: There are breaks for many - Fort Lauderdale Sun-Sentinel
Home buyers might be able to cut their taxes by as much as $8,000, thanks to the First Time Home Buyer’s Credit — a tax credit introduced this year. The credit applies to homes bought this year through Dec. 1, but you can claim it on last year’s

MC to mortgage Rs 214-cr property for Rs 50-cr loan - Tribune
The fund-starved Ludhiana Municipal Corporation is ready to pledge its property worth Rs 214 crore for a meager loan Rs 50 crore. According to sources, the Municipal Corporation has in a letter written to the State Urban Development Agency this week

UAE mortgage market stabilising - AME Info
» Yazi Capital and GFA sign MOU » Sheraton Abu Dhabi Hotel and Resort appoints Aramis Gianella, Assistant Food and Beverage Manager » As part of Cultural Season at ADU, UAE amongst top 15 countries in hereditary diseases » Al Ghurair University

Rates dip, but few bite at mega-mortgages - Minneapolis Star Tribune
With rates for jumbo mortgages drifting down, is a corresponding dent being made in the glut of high-end homes on the market? This year, not even a small one. Jumbo mortgages — a mortgage of $417,000 or more — have stringent requirements, including

Group says So. AZ has hit bottom for interest and mortgage rates - Daily Territorial
“If we keep waiting for the bottom and keep asking when will we hit bottom, we’re not going to see it until it is in our rear view mirror,” said Ray Desmond, president and founder of Nova Home Loans, at a press conference today, March 27, where the

Deed and mortgage recordings have declined in Somerset County - MyCentralJersey.com
SOMERVILLE — Revenue from real-estate transactions filed with Somerset County Clerk’s Office can mean less property tax dollars used to fund the county budget or give officials greater spending flexibility. But the county is seeing less of that

Fee-based services - HamptonRoads.com
Fee-based services Several mortgage-assistance companies have opened around Hampton Roads in recent months. For about $795 to $2,000, they say they will help homeowners avoid foreclosure by negotiating with lenders to reduce mortgage payments

Deed and mortgage recordings have declined in Somerset County - MyCentralJersey.com
SOMERVILLE — Revenue from real-estate transactions filed with Somerset County Clerk’s Office can mean less property tax dollars used to fund the county budget or give officials greater spending flexibility. But the county is seeing less of that

Mortgage rates are great – if you can qualify for one - Sauk Valley Daily Gazette
DALLAS – Spring typically is when people start shopping for a home. And with interest rates dropping to record lows, now is an attractive time to refinance or to buy a home – provided you can qualify for a loan. “Two years ago, you could fog a

What you need to know about getting help with your mortgage - Visalia Times-Delta
You predicted last year that the foreclosure crisis would peak in the second quarter of 2009. Prediction still good? And when do we come out of the woods? As job losses increase, credit gets tightened by the lenders, and consumer spending drops, all

People on the move - News Sun
New hire: Lisa Cooper has joined Amcore Bank as a mortgage loan adviser. She is responsible for helping customers finance the purchase of a new home or refinance an existing mortgage at the bank’s Antioch, Woodstock and McHenry locations. Cooper

False hope - Burlington County Times
If it sounds too good to be true, it probably is. That’s the message county and state officials are trying to impress on homeowners facing foreclosure who need help. The county’s Office of Consumer Affairs has received several complaints about

These brokers are no bargain - Monterey County Herald
Mortgage brokers are supposed to be impartial advocates who search out the best possible deal for prospective homeowners seeking a loan. The mortgage crisis has revealed a different truth. Too many brokers were far more interested in earning fat fees

WHITNEY HOUSTON COUNTERSUES STEPMOM: Singer says Barbara Houston owes - EURweb
*Whitney Houston has filed a countersuit against her stepmother Barbara Houston for $1.6 million, claiming she owes her money for failing to make mortgage, tax, and condo fee payments for the Fort Lee, New Jersey home where she has lived since 1987

Keep defenses up against mortgage ‘rescue’ scams - Des Moines Register
On Monday, Treasury Secretary Tim Geithner announced a partnership with other government agencies to help educate consumers about legitimate mortgage help and to “aggressively pursue” perpetrators of mortgage rescue scams. The Federal Trade

Low mortgage rates, falling prices, and a tax credit are luring first - Boston Globe
A growing number of first-time buyers are jumping into the housing market this spring because of falling prices, historically low mortgage rates, and an $8,000 federal tax credit. “Houses that were not previously within the grasp of first-time home

Joint J.P. Morgan and Fujitsu Consulting Australian Mortgage Industry - PR Inside
First home buyers borrowing too much money at artificially low interest rates will be more sensitive to the inevitable future rises in unemployment and interest rates, according to a new mortgage industry report. The joint J.P. Morgan/Fujitsu

Crackdown on mortgage scams - Tothecenter.com
The Federal Trade Commission (FTC), in conjunction with the Federal Reserve and the Justice Department, made a joint announcement earlier this week in which they made the crackdown on mortgage modification and foreclosure rescue scams an official

CORRECTED-S&P cuts ratings of major U.S. mortgage insurers - Forbes
NEW YORK, April 8 (Reuters) - Standard & Poor’s on Wednesday cut its ratings on major U.S. mortgage insurers, after increasing its estimate for losses the companies are expected to take from mortgage loans. ‘The downgrades reflect a significant

Northern Rock gets tough on mortgage borrowers who have made - Daily Telegraph
Unlike most lenders, Northern Rock offered fully flexible mortgages, which allowed customers to overpay each month and then “borrow back” this money or take payment holidays at a later date. But in the last month, the lender – which is now

The Muthart Plan: Ultimate 4 percent mortgage solution - Manteca Bulletin
It’s too bad President Obama didn’t pick Jim Muthart as the architect of his stimulus plan to get the economy rolling again instead of Tim Geithner. The Manteca resident’s plan is simple and to the point. Instead of the federal government

Bay State Mortgage Rates Rise Slightly - Banker & Tradesman Online
The average 30-year mortgage rate in Massachusetts stood at 5.10 percent last week, a .4 percent increase from the week prior, according to online mortgage tracker Zillow . The average rate in Massachusetts was above the average national rate last

S&P cuts ratings of major U.S. mortgage insurers - Reuters
NEW YORK, April 8 (Reuters) - Standard & Poor’s on Wednesday cut its ratings on major U.S. mortgage insurers, after increasing its estimate for losses the companies are expected to take from mortgage loans. “The downgrades reflect a significant

UPDATE 2-US mortgage applications up; rates tip higher - Forbes
NEW YORK, April 8 (Reuters) - U.S. mortgage applications rose last week, as demand for home purchase loans jumped even as interest rates edged up from recent record lows, data from an industry group showed on Wednesday. Demand for home purchase loans

Singer Whitney Houston countersuing stepmother - Chippewa Herald
FORT LEE, N.J. - Whitney Houston is countersuing her stepmother for $1.6 million. The Grammy-winning singer claims Barbara Houston owes her the money for failing to make mortgage, tax, and condo association payments for the Fort Lee condominium where

Mortgage applications up as refinancing increases - San Francisco Gate
Mortgage applications continued to rise last week, as low interest rates allowed borrowers to refinance their home loans at the lowest rates in decades. GE CEO says Obama’s action to help 04.08.09 SEC advancing options on short-selling rules 04.08.09

HSBC offers home loans to buyers with 10% deposit - Guardian Unlimited
Homebuyers with small amounts of money to put down on their new homes will find it easier to secure a mortgage from next week, after a £1bn loan promise by one of Britain’s biggest lenders. From Tuesday HSBC is increasing the maximum amount it will

Renters getting caught up in mortgage foreclosures - KHOU
“[Sometimes] they send them an eviction notice and they don’t know what that is,” said Patricia Wydler of the Houston-based Avenue Community Development Corporation.  “A few days later they have to get out of the house.” Hard numbers are hard to

Chris Meyer joins Mortgage Search and Acquisition - PR Inside
Financial Planners in recruiting candidates for investment opportunities. In 1982, Meyer relocated to Phoenix Arizona to start his own firm, resulting in two decades of recruiting within the distribution technology area, targeting business owners

Mortgage Applications Up, Refinancing Increases - ABC News
Mortgage applications continued to rise last week, as low interest rates allowed borrowers to refinance their home loans at the lowest rates in decades. The Mortgage Bankers Association said Wednesday its seasonally adjusted weekly application index

Mortgage Rate May Fall to 4.2% By End of Year: Economists - CNBC
Economic Woes Continue, Bear Market Alive: Roubini US Economy Remains Grim: Fed’s Fisher SEC Advancing Options on Short-Selling Rules Threat of Oil Price Spike Remains: Former Shell Exec Recession to Ease, but Industry Set to Crumble Wholesale

Businessman accused of mortgage scam - Tracy Press
Police arrested a local businessman Wednesday after he was accused of running a reverse mortgage scam on a Tracy couple. Tracy police officer Kami Ysit said there could be more victims and more arrests from the 1½-month investigation of Michael

Chase opens mortgage help center - Crain’s Chicago Business
(Crain’s) — J. P. Morgan Chase & Co. on Wednesday opened its first Chicago-area “homeownership center” aimed at helping people struggling to keep up with mortgage payments. The center, at 1836 N. Broadway in Melrose Park, is open to borrowers

U.S. mortgage applications up - Boston Globe
NEW YORK (Reuters) - U.S. mortgage applications rose last week, as demand for home purchase loans jumped even as interest rates edged up from recent record lows, data from an industry group showed on Wednesday. Demand for home purchase loans, an

Behind the Scenes as FBI Busts Mortgage Fraud Suspects - ABC News
The Federal Bureau of Investigation swooped in and arrested 23 members of a suspected mortgage scam in San Diego today as part of a nationwide crackdown on real estate fraud . ABC News was there as agents carried out sweeping arrests. ABC News was

Interest in mortgages rises as rates fall but measuring up for a loan - Dallas Morning News
Spring typically is when people start shopping for a home. And with interest rates dropping to record lows, now is an attractive time to refinance or to buy a home – provided you can qualify for a loan. “Two years ago, you could fog a mirror and

“HGTV’s $250,000 Challenge”: Families Vie For Mortgage Payoff Prize On - Huffingtonpost.com
LOS ANGELES — Drew Lachey is hosting a new HGTV competition series with a hefty mortgage payoff prize. The cable network said Friday that “HGTV’s $250,000 Challenge” will give five neighboring families the chance to snare the quarter-million-dollar

Sure, mortgage rates in Cincinnati have hit crazy lows – but most - Business Courier
David Viox of Blue Ash-based Van Dyk Mortgage said a credit score of 680 used to qualify an applicant for the best loan terms. Now it must be 740. Thirty-year fixed mortgage interest rates recently have tumbled to historic lows, but loan applicants

Banks being dinged for city clearing high weeds - Manteca Bulletin
There was a time when stubborn landowners who owned vacant lots had weeds abated by the city at taxpayer expense and then have a lien placed against their property to recoup the money. Now the main culprits are mortgage firms and banks. The Manteca

Mortgage crisis - Ithaca Journal
Remember when politicians and activists accused bankers of racism and redlining? They claimed that minorities were being denied mortgages (redlined) at higher rates than whites. President Clinton greatly increased the Community Reinvestment Act’s

Banks ‘won’t be hurt’ by mortgage relief - ninemsn
The profits of the major banks are unlikely to be hurt by their agreement to provide extensions for mortgage repayments for borrowers who lose their jobs, according to analysts. If anything, the `big four’ are likely to benefit from the good