Mortgage Latest Information

 

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

Club Kalua owners charged with mortgage fraud
The mother and son owners of the defunct strip club made infamous by the shooting of Sean Bell have been charged in a mortgage fraud case in Queens.

Warning for mortgage holders who just refinanced
If you've recently refinanced a mortgage loan, the Indiana Department of Insurance wants you to make a follow-up call.

Failed mortgage firm trustee allowed $50,000 in fees
U.S. Bankruptcy Court Judge J. Michael Deasy will approve $50,000 in legal fees for the trustee of failed mortgage brokerage businesses Financial Resources Mortgage Inc. and CLM Inc.

Airport watch for former mortgage broker
AN airport alert has been issued after one of the nation's biggest former mortgage brokers, who is under investigation, left the country.

Former Rock pitchman launches mortgage company of his own
Best known for years as the pitchman of Rock Financial before a falling-out with his boss, Dan Gilbert, David Hall has launched a mortgage company in Birmingham called Hall Financial.

U.S. indicts Md. man in mortgage fraud
GREENBELT, Md., March 9 (UPI) -- Authorities Tuesday arrested a Maryland man in what the Department of Justice called a massive mortgage fraud scheme that left victims homeless.

Firm starts mortgage reward scheme
Property services group Countrywide has launched a new reward scheme for mortgage customers. The group believes it is the first company in the property industry to give people who take out a mortgage or insurance policy loyalty points that can then be exchanged for discounts and vouchers.

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

Mortgage 'Half' Payments: How Much Do They Save?
One frequent question I’m often asked is whether or not paying half of a mortgage payment twice a month versus paying a full mortgage payment once a month is actually worthwhile.

Owners of strip club where Sean Bell was killed nabbed in $2M mortgage fraud scam
THE MOTHER-AND-SON owners of the strip club where Sean Bell was killed were nabbed yesterday in a $2 million mortgage fraud scam.

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

Bay State Mortgage Rates Decline From A Week Ago
The average rate for a 30-year fixed mortgage in the state dropped to 4.79 percent last week, down from 4.9 percent the prior week, according to online mortgage tracker Zillow.

Jersey City police officer is charged with mortgage fraud
JERSEY CITY -- A police officer was arrested today by the FBI and charged in federal court with mortgage fraud for allegedly lying to a bank to secure a roughly $530,000 loan, authorities said.

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

Xceed Mortgage CEO Appearing Thursday on BNN
Xceed Mortgage Corporation , a Canadian provider of insured mortgages, announced that its Chairman and Chief Executive Officer, Ivan Wahl, will be interviewed at about 1:30 p.m. Thursday, March 11 on the Business News Network.

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

Mortgage Pricing Systems Launches New Rate Sheet Technology for Mortgage Bankers at the 27th Regional Conference of ...
Mortgage Pricing Systems , developers of sophisticated pricing solutions for mortgage bankers, announced the release of a new feature that generates custom rate sheets. Â Customers using LEAP!

McCue Mortgage still in the family after 60 years
New Britain-based McCue Mortgage Co., the largest independently-owned mortgage lender in the state, celebrates 60 years in business this year.

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

Mortgage Brain recruitment drive
“By increasing the range and depth of products and services available, we’ve continued to be successful in attracting more and more intermediaries as well as new third party product providers and lender partners,†commented Mark Lofthouse, CEO of Mortgage Brain.

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

Bendigo's new mortgage announcement
Bendigo and Adelaide Bank Ltd has announced a new issue of residential mortgage backed securities.

Credit Score Undercuts Home Mortgage Plan
Would applying for a home mortgage loan jointly with my wife be better or worse?

Former Rock Financial exec David Hall forms mortgage firm
Best known for years as the pitchman of Rock Financial before a falling-out with his boss, Dan Gilbert, David Hall has launched a new mortgage company in Birmingham called Hall Financial.

Research and Markets: UK Mortgage Intermediary Distribution: Discuss the Main Issues on Mortgage Lending, and Get a ...
DUBLIN----Research and Markets has announced the addition of the UK Mortgage Intermediary Distribution 2009 report to their offering.

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

(AFX UK Focus) 2010-03-10 05:40 UPDATE 1-S.Korea money supply, mortgage growth eases
SEOUL, March 10 (Reuters) - South Korea's money supply growth in January eased and banks' mortgage lending to households in February rose slightly, data showed on Wednesday, putting little pressure on the central bank for a swift rate hike. The data came a day before the Bank of Korea is widely expected to keep its policy rate unchanged at record-low 2.00 percent for a 13th straight month amid ...

(AFX UK Focus) 2010-03-10 01:33 BRIEF-Moody's affirms Wells Fargo Home Mortgage's SQ ratings
Mar 9 (Reuters) - Wells Fargo Home Mortgage's SQ ratings: Moody's Investors Service has affirmed Wells Fargo Bank N.A.'s (WFB) ratings of SQ1 as a primary servicer of prime and subprime loans. Keywords: MARKETS RATINGS WELLSFARGO

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

Would a Conservative Victory Improve the UK Mortgage Market?
A survey carried out by Savills Private Finance, the UK's leading mortage broker, shows that consumers believe a change of government would not result in an improvement to the UK mortgage market.

Man pleads guilty to federal charges in mortgage fraud scheme
By Shawn Hogendorf, Correspondent A Prior Lake man was one of two people indicted on fraud charges in federal court last week for his alleged role in an elaborate scam that bilked mortgage lenders of $2.5 million in less than a year. read more

Owners of Infamous Club Kalua Charged With Mortgage Fraud
The mother and son owners of the strip club made infamous by the shooting of Sean Bell have been charged in a mortgage fraud case in Queens.

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

David Hall plans to start own mortgage company, Hall Financial
David Hall is expected to formally announce Wednesday that he is back in the mortgage business with the launch of Birmingham-based Hall Financial.

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

BMO Bank of Montreal Lowers Mortgage Rates
BMO Bank of Montreal announced today it is decreasing its residential mortgage rates, effective March 10, 2010.

More local homeowners faced mortgage trouble in January
Mar. 9--More homeowners in the region have fallen behind in their mortgage payments or are facing foreclosure.

FDIC Chairman Questions Mortgage Interest Tax Deduction
The head of the Federal Deposit Insurance Corporation said mortgage interest is one of the problems for the nation's banking crisis.

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

Connecticut AG Blumenthal sues Moody's, SP; says mortgage securities ratings misleading
NEW YORK - Connecticut Attorney General Richard Blumenthal is suing Moody's Investors Service and Standard Poor's over ratings the agencies issued on certain investments.

YBS launches tracker mortgage
The rate has been cut by 0.60% to 3.79% (BoE + 3.29%) saving someone £1,200 in interest payments with a £150,000 mortgage over the 2 year term, says YBS. The product has a low fee of £495 and offers free valuation and legal fees to those people looking to remortgage.

Homeowners Should Act Fast on Mortgage Debts
LONDON, UNITED KINGDOM--(Marketwire - March 9, 2010) - Responding to new statistics showing a slight increase in mortgage arrears in the final quarter of 2009 (compared with the same time in 2008), financial solutions company Think Money ( http://www.thinkmoney.com/ ) advised homeowners that they should continue to keep a careful eye on their finances and seek ...

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

New Article on Fannie Mae, Freddie Mac HARP Mortgage Refinance Program Available from AimLoan.com
In a new article, AimLoan.com explains why Fannie Mae and Freddie Mac’s program to refinance underwater homeowners should be expanded, as lowered mortgage rates are key to economic recovery. (PRWeb Mar 9, 2010) Read the full story at http://www.prweb.com/releases/2010/03/prweb3690424.htm

Home loan demand nudges higher in latest week
U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.

New Article on Fannie Mae, Freddie Mac HARP Mortgage Refinance Program Available from AimLoan.com
In a new article, AimLoan.com explains why Fannie Mae and Freddie Mac’s program to refinance underwater homeowners should be expanded, as lowered mortgage rates are key to economic recovery.

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

Home loan demand nudge higher in latest week
U.S. mortgage applications nudged up last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.

Homeowners Should Act Fast on Mortgage Debts
LONDON, UNITED KINGDOM--(Marketwire - 03/09/10) - Responding to new statistics showing a slight increase in mortgage arrears in the final quarter of 2009 (compared with the same time in 2008), financial solutions company Think Money ( http://www.thinkmoney.com/ ) advised homeowners that they should continue to keep a careful eye on their finances and seek financial ...

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