Mortgage and Financial News From 2009-8-13 Page 01
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RBA warns home buyers over rates rises - ninemsn
Anyone taking on a new mortgage should allow for at least a two percentage point increase in interest rates, Reserve Bank of Australia (RBA) governor Glenn Stevens has told a parliamentary hearing. This was not an endorsement of what might happen to ...
2009-08-13 09:00:00 -
Figures Set To Show Rise In Repossessions - Sky.com
The Council of Mortgage Lenders (CML) has predicted 65,000 people will have their properties repossessed during 2009, the highest level since 1992. Around 12,800 people had their homes taken back by mortgage lenders during the first quarter, 50% more ...
2009-08-13 10:26:00 -
US mortgage rates rise in latest week -Freddie Mac - Reuters
NEW YORK, Aug 13 (Reuters) - Interest rates on U.S. 30-year fixed-rate mortgages rose 0.07 percentage point in the latest week, according to a survey released on Thursday by home funding company Freddie Mac ( FRE.P ). Interest rates on the 30-year ...
2009-08-13 08:57:00 -
Government 'bailing out developers' - Irish Times
Government 'bailing out developers'Irish TimesHe said the party would increase the cap for local authority mortgage schemes to €250000, as well as lowering VAT rates, which would reduce the price of an ...
2009-08-13 07:07:09 -
Carrington's Loan Do-Overs Draw Heat - Wall Street Journal
Carrington's Loan Do-Overs Draw HeatWall Street JournalCarrington got into mortgage servicing indirectly. During the housing boom, it purchased mortgage loans from subprime-mortgage lenders including Fremont ...
2009-08-13 07:31:23 -
Economic Trends and Your Financial Plan - L.A. Watts Times (subscription)
Economic Trends and Your Financial PlanL.A. Watts Times (subscription)And consider refinancing mortgage debt if there's equity in the house and your current rate is either variable or fixed at a rate of 6 percent. ...
2009-08-13 08:13:16 -
Modify the mortgage -- or walk away? - MarketWatch
Modify the mortgage -- or walk away?MarketWatchSeveral neighbors have benefited from mortgage modification with principal write-down/reductions of up to 40% coupled with ultra-low interest rates for the ...
2009-08-13 11:02:23 -
Metro Real Estate Agent Sentenced for Mortgage Fraud - KAAL-TV
A Twin Cities real estate agent was sentenced to more than 16 years in prison for a mortgage fraud scheme. Larry Maxwell, who's 54 and from Minneapolis, must also pay a $500,000 fine and $2 million in restitution. In April, a Hennepin County jury ...
2009-08-13 02:12:00 -
Mortgage applications drop as loan rates rise - Kerala Next
NEW YORK – U.S. mortgage applications fell last week, reflecting a drop in demand for home refinancing loans as interest rates soared to their highest levels since June, data from an industry group showed on Wednesday. Applications for loans to buy ...
2009-08-13 07:31:00 -
Report: 1 in 5 local homeowners owe more than home is worth - KVAL
More than 15.2 million U.S. mortgages, or 32.2 percent of all mortgaged properties, were in negative equity position as of June 30, 2009 according to newly released data from First American CoreLogic. June's negative equity share was slightly lower ...
2009-08-13 07:13:00 -
U.S. mortgage rates rise in week - United Press International
WASHINGTON, Aug. 13 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages rose in the previous week, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.29 percent with an average 0.7 points in the ...
2009-08-13 03:09:00 -
Free Mortgage Loan Clinic - ABC News 4 Charleston
Mount Pleasant, SC - If you're looking for help with your mortgage there's a free clinic going Thursday night in M ount Pleasant . The Homeownership Resource Center is offering free help to all state residents. Thursday night's clinic is going on ...
2009-08-13 02:05:00 -
Rise in home repossessions expected - Ananova
New figures due out are expected to show a sharp rise in the number of people who lost their homes in the second quarter of this year. The Council of Mortgage Lenders (CML) has predicted 65,000 people will have their properties repossessed during ...
2009-08-13 09:21:00 -
Judge Tells Colonial to Keep Loans - Wall Street Journal
Bank of America Corp. won a temporary restraining order to freeze $1 billion of Colonial BancGroup Inc. assets, with a federal judge in Miami concluding that the move was needed because Colonial "is on the brink of collapse." Thursday's ruling by U.S ...
2009-08-13 07:13:00 -
The avoidable victims of foreclosure - Examiner.com
The avoidable victims of foreclosureExaminer.comIt's not speculators that are losing their property, its families that are out of work or have had their loans adjust to the point where they can no longer ...
2009-08-13 08:04:06