Mortgage and Financial News From 2009-5-8 Page 01

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  • Mortgage approvals continue to recover sparking housing hope - Scotsman.com

    MORTGAGE approvals reached a ten-month high in March, boosting hopes of a housing market recovery. The Bank of England yesterday reported that the number of mortgages approved for house purchase reached 39,230 over the month, up from 31,716 in ...
    2009-05-01 06:03:00

  • Fannie Mae posts $19B shortfall - United Press International

    WASHINGTON, May 8 (UPI) -- The Federal National Mortgage Association said it lost $23 billion in the first quarter, prompting a fund transfer of $19 billion from the U.S. Treasury. The government's agreement with Fannie Mae ( NYSE:FNM ), when it ...
    2009-05-08 02:34:00

  • Mortgage holders urged to fix rates - Guardian Unlimited

    Borrowers should take advantage of low fixed-rate mortgages before interest rates start rising again, mortgage brokers have advised. The Bank of England monetary policy committee (MPC) left the base rate unchanged at 0.5% yesterday , and this is ...
    2009-05-08 06:42:00

  • Homeowners should fix their mortgages soon, experts warn - Times Online

    Homeowners should fix their mortgages soon, experts warnTimes Online, UKMelanie Bien, director of Savills Private Finance, a broker, said: “These announcements suggest that rates on longer-term deals are now on the up.” The announcements have led to warnings from mortgage brokers that homeowners should lock into a fix ...
    2009-05-08 03:32:21

  • UPI NewsTrack Business - MarketWatch (press release)

    UPI NewsTrack BusinessMarketWatch (press release)The government had already given the mortgage broker $15 billion in emergency funds. It has since said it would make $200 billion available to both Fannie Mae and Freddie Mac to keep them afloat. The Federal Home Loan Mortgage Corp. ...
    2009-05-08 03:37:39

  • 10-Q: JONES FINANCIAL COMPANIES LP LLP - MarketWatch (press release)

    10-Q: JONES FINANCIAL COMPANIES LP LLPMarketWatch (press release)There are regulatory proposals being considered that could significantly impact the related disclosure and potentially the amount of compensation that broker-dealers derive from mutual funds and annuity products. The Partnership believes it is likely ...
    2009-05-08 04:13:21

  • Mortgage Company Welcomes New Mortgage Advisor - Central Penn Business Journal

    Mortgage Company Welcomes New Mortgage AdvisorCentral Penn Business Journal, PA... specializes in personalized mortgage planning solutions for residential purchase, refinance and new construction mortgages. The company is able to offer such personalized solutions as a mortgage broker through its relationships with several lenders ...
    2009-05-08 04:16:42

  • Always remember the bottom line – and avoid the spin - Scotsman

    Always remember the bottom line – and avoid the spinScotsman, United KingdomA calculator such as ours at moneynet.co.uk/mortages/calculators/cost will help you work out these numbers, but if you're not comfortable doing that yourself, enlist the services of an independent financial adviser or mortgage broker. ...
    2009-05-08 06:09:19

  • Buyers sue KB Home, Countrywide - Tucson Citizen

    Buyers sue KB Home, CountrywideTucson Citizen, AZThe industry's shift toward selling off mortgage loans as securities to investment brokers made lenders less concerned about the accuracy of appraisals, the critics contend, just as the rise of new incentives for mortgage brokers gave them more reasons ...
    2009-05-08 06:26:14

  • Adapting to Job Loss - Washington Post

    Adapting to Job LossWashington Post, United StatesAfter he lost his job as a mortgage broker, he moved his family from a 3800-square-foot home to a condo. Rick Anteau jokes with Gabe. Anteau once sold mortgages in a booming market. Now like many in Toledo, he is scrambling to find a way to support his ...
    2009-05-08 06:47:19

  • Schumer, DAs Launch Units To Uncover Mortgage Scams (Times Newsweekly)

    U.S. Sen. Charles E. Schumer and the district attorneys of New York City's five boroughs announced the introduction of new legislation to better protect homeowners from the recent wave of housing scams that are plaguing New Yorkers and homeowners across the country.
    2009-05-08 04:04:06

  • Investors feeling duped by Fremont businessman (The Daily Review)

    Records link Hayward, Fremont addresses to San Diego County condo deals.
    2009-05-08 04:07:19

  • Login Form (The Dundee Messenger)

    It looks like with reduction of the base rate which has been held at 0.5 per cent for a second month in a row has sparked a huge increase in fixed rate mortgage applications with many securing good deals for the next two to three years.
    2009-05-08 04:12:01

  • BR subdivision plagued with dangerous eyesore (WAFB Baton Rouge)

    Imagine one of Baton Rouge's prettiest subdivisions with very nice homes, spring flowers and shady trees. Now imagine one home in that neighborhood that has been an eyesore and a danger for years to everyone who lives here.
    2009-05-08 04:56:30

  • 'Short Sale Kid' Raising Questions With Realtors (The Lakeland Ledger)

    The video begins in the entryway of a 2,200-square-foot Channelside condo in Tampa and closes in on Nathan "The Short Sale Kid" Jurewicz. His T-shirt reads "Unemployable," his hair cut punky short. Jurewicz is obliviously blasting away on a video game. A drum kit and electric guitar sit in the background of the bachelor pad.
    2009-05-08 06:03:20

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