Mortgage News

How to Multiply Asia's Gains by 230BullionVault (press release), UK - 7 The municipality lost $35 million on high-risk US mortgage -backed investments. Seven other small Norwegian towns were also hit, apparently. Why? … Read in full at How to Multiply Asia's Gains by 230 – BullionVault (press release)

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Downtown Living Becoming More PopularWDEF News 12, TN - 2 Realtors say it's a buyer's market right now with low prices and great mortgage rates in Chattanooga. People moving downtown vary from singles and couples … Read in full at Downtown Living Becoming More Popular – WDEF News 12

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Small Banks' Reckoning Day Is ComingWall Street Journal - 7 During the housing boom, many small and regional banks doubled down on construction loans because they were largely shut out of the home mortgage market … Read in full at Small Banks' Reckoning Day Is Coming – Wall Street Journal

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UPDATE 2-Manz Automation raises 112 mln euros new capitalReuters - 8 … attractive for investors at a time when global equity markets battled the effects of a credit crisis stemming from problems in the US mortgage market. … Read in full at UPDATE 2-Manz Automation raises 112 mln euros new capital – Reuters

Continue Reading UPDATE 2-Manz Automation raises 112 mln euros new capital – Reuters

Bears tighten grip on global marketEconomic Times, India - 4 Lehman warned that the big US mortgage refinancing groups, Freddie Mac and Fannie Mae, could have to raise a combined $75 billion in fresh cash to meet … Read in full at Bears tighten grip on global market – Economic Times

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MONEY: MAGICAL NEW MORTGAGESNewsweek - 1 hour ago The popularity of ARMs may seem odd, given that mortgage rates remain very low by historical standards. But economists say there are still smart reasons for … Read in full at MONEY: MAGICAL NEW MORTGAGES – Newsweek

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A different take on retirementBoston Globe, United States - 8 He notes Fidelity's myPlan Snapshot online calculator asks just five questions, but doesn't mention the more in-depth reviews Fidelity.com also contains. … Read in full at A different take on retirement – Boston Globe

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LaSalle Is BofA's Other Vexing DealWall Street Journal - 7 By LINGLING WEI and VALERIE BAUERLEIN While the most-visible worry over Bank of America Corp. involves its acquisition of home-mortgage lender Countrywide … Read in full at LaSalle Is BofA's Other Vexing Deal – Wall Street Journal

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jobs picture grim, housing strugglesReuters - 5 Also, US mortgage applications rose last week with help from lower home loan rates, though the bounce follows a 6-1/2-year low the prior week. … Read in full at jobs picture grim, housing struggles – Reuters

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The Worrying Housing BustNewsweek - 1 hour ago If home prices drop too much, the damage to consumer confidence and spending won't be easily offset. The danger: a 2007 recession. … Read in full at The Worrying Housing Bust – Newsweek

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Still a long way to go for house buildersThis is Money, UK - 3 It could also be another year before home mortgage finance begins to loosen up. Not that the floodgates will open when the market does come back, … Read in full at Still a long way to go for house builders – This is [...]

Continue Reading Still a long way to go for house builders – This is Money

UPDATE 1- US mortgage modifications dip in MayReuters - 4 By Al Yoon NEW YORK, July 2 (Reuters) – US mortgage companies helped slightly fewer borrowers avoid foreclosure in May than the prior month, but the second … Read in full at UPDATE 1-US mortgage modifications dip in May – Reuters

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Here's what triggers due-on-sale clause in reverse mortgage MarketWatch - 12 Jun 2008 With a couple, both owners must be 62 to qualify for a reverse mortgage . If both owners are 62 or older and one leaves for whatever reason, the loan need … Read in full at Here's what triggers due-on-sale clause in reverse [...]

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Refinance.com Expands National FootprintBusiness Wire (press release), CA - 9 Refinance.com is one of the nation’s leading mortgage companies with nearly twenty years of mortgage refinancing expertise. The company has assisted … Read in full at Refinance.com Expands National Footprint – Business Wire (press release)

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Mortgages: Rates on the RiseNewsweek - 1 hour ago By Linda Stern | NEWSWEEK Ah, the good old days–like last year, when mortgage rates were so low you couldn't get a broker to take your calls–they were all … Read in full at Mortgages: Rates on the Rise – Newsweek

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