Mortgage Loans

Credit scores on the rise
Marketplace, CA
The region carries the lowest debt load of any region in the country, with consumers, on average, holding $6700 in credit card debt, $156000 in mortgage loans , $13100 in auto loans and $26000 in student loans. The national average is $7072 in …

Homestart's sneaky rise
Northern Territory, Australia
"People tend not to be that financial attuned to what the opportunities are existing in the mortgage loans elsewhere," she said. Ms Lawrie said she did not believe the Commonwealth Bank would "ramp up" interest rates. "All the banks are very aware of …

The Future of Fannie and Freddie: Chief Says Government Ownership …
TIME
Fannie and Freddie now back nearly 70% of all the mortgage loans made this year, a sign that the two companies have been active in helping people get new loans or refinance existing ones. And mortgage rates, though up recently, are down from where they …

Defaults, fraud drain FHA fund
Inman.com, CA
The FHA's current exposure from single-family mortgage loans totals more than $560 billion, representing 4.8 million FHA-insured mortgages, Donohue said in testimony before the House Financial Services Subcommittee on Oversight and Investigations. …

Area sheriffs hold up sales
Norristown Times Herald, PA
That is, borrowers may be able to change the terms of their mortgage loans to reduce monthly payments by lowering the interest rate, and in some cases, the principal loan amount, according to the Chase literature. Chase is the consumer and commercial …

Zions wins SBA lender award
Salt Lake Tribune, United States
Salt Lake City-based Zions was honored for its excellence in making mortgage loans under the agency's SBA 504 loan program that helps small- to mid-sized business owners acquire commercial property. The bank is the biggest nationwide secondary market …

Banks to increase mortgage loans
Only Finance, UK
It has been revealed that the biggest mortgage lenders throughout the UK are to increase their costs on fixed rate mortgage deals following a sudden rise in wholesale funding costs. Several banks are increasing selected fixed rate mortgages between …
Demand for refis, purchase loans falls Inman.com
Mixed mortgage news hits home Credit.com News
all 265 news articles

The cost of fixed rate mortgage loans increase
viploan.co.uk, UK
The biggest mortgage lenders in the UK are to increase their cost of fixed rate mortgage deals following sudden rises in wholesale funding costs. Cheltenham & Gloucester and Halifax are increasing selected fixed rate mortgage rates between 0.5 and 0.7 …

Commercial/Multifamily Debt Outstanding Static At $3.48 Trillion
Mortgageorb, CT
Many of the commercial mortgage loans reported by commercial banks however, are actually "commercial and industrial" loans to which a piece of commercial property has been pledged as collateral, the MBA notes. An MBA Research Policy Note found that …

ValueNation: The mortgage crisis and the case of no collateral
National Mortgage Professional Magazine, NY
As the owner of an appraisal company and as one having many years of real estate experience, I offer you a hypothetical case demonstrating that banks had no collateral on some mortgage loans . That is right, zero collateral. 1. Many people getting loans …

The Debt Conundrum (Parts I & 2) - This article is a wealth of …
Seeking Alpha, NY
The Mortgage Bankers Association just reported a delinquency rate of 9.12% on all mortgage loans , the highest since the MBA started keeping records in 1972. Also, the delinquency rate only includes late loans (30-days or more), but not loans in …

6-20 Business in brief
Edmond Sun, OK
According to recent data , the rate of foreclosures among outstanding mortgage loans is 1.13 percent for the month of April, a decrease of -0.12 percentage points compared to April of 2008 when the rate was 1.25 percent. …

Stocks struggle to hold on to gains, trade mixed
The Associated Press
The online brokerage and bank is trying to raise capital to shore up its balance sheet, which has been hit with losses on mortgage loans . The stock fell 22 cents, or 15.4 percent, to $1.21. BlackBerry maker Research in Motion Ltd. reported a …

FirstFed Financial Corp. Commences Tender Offers and Consent …
Business Wire (press release), CA
Such risks and uncertainties include, but are not limited to, the ability and willingness of borrowers to pay their mortgage loans , which is affected by external factors such as interest rates, the California real estate market and the strength of the …

Nordea forms Latvia troubled property loans unit
Reuters
"It will be used as a tool to take over residential real estate property used as a collateral in non-performing mortgage loans of private individuals," the bank said. It said its portfolio quality remained on a good level. …