Mortgages-E

Real Estate Notes
Daily News Transcript - The public is invited to attend a free Reverse Mortgage Workshop, on Tuesday, June 20, at 10 a.m. at the East Bridgewater Council on Aging, 137 Central St., in East Bridgewater. The seminar is free and open to the public and light refreshments will

Study: Blacks, Hispanics more likely to pay high mortgage rates
Hendersonville Times-News - Black and Hispanic home buyers are more likely to pay high mortgage rates than white borrowers with similar credit ratings and income levels, an advocacy group found. The Center for Responsible Lending said either loan sellers are charging higher

Anxiety pushes up mortgage rates
Tacoma News Tribune - WASHINGTON Mortgage rates rose again this week on worries about what the Federal Reserve will do next. One-year adjustable rate mortgages hit the highest level in nearly five years. Freddie Mac, the mortgage company, reported Thursday that rates

U.S. mortgage rates creeping up
Political Gateway - MCLEAN, Va., June 1 (UPI) — U.S. mortgage rates in the last seven days rose slightly, with the average 30-year fixed hitting 6.67 percent. Mortgage lender Freddie Mac said the average rate was up from the 6.62 percent of the previous reporting

Minorities more likely to pay high mortgage rates
Spartanburg Herald-Journal - CHARLOTTE, N.C. — Black and Hispanic home buyers are more likely to pay high mortgage rates than white borrowers with similar credit ratings and income levels, an advocacy group found. The Center for Responsible Lending said either loan sellers are

Database study by advocates finds mortgage discrimination signs
News 14 Raleigh / Durham - (CHARLOTTE) - Lenders are more likely to charge minorities high rates for mortgage loans that white borrowers could get for a lower cost. That’s according to a study by the Durham-based advocacy group Center for Responsible Lending. The study

Want A Mortgage? Start By Settling Your Credit Score
WDSU - (ARA) - Anyone who’s been denied credit may feel the old adage “you can’t fight city hall” should be replaced by a new axiom: “You can’t fight the credit bureaus.” But not only can you fight the credit reporting agencies, if you’re even thinking

BOTTOM LINE
Asbury Park Press - WASHINGTON: Mortgage rates rose again this week on worries about what the Federal Reserve will do next. One-year adjustable rate mortgages hit the highest level in nearly five years. Freddie Mac, the mortgage company, reported Thursday that rates on

Lenox Financial Mortgage
WBBM - Concept in refinancing and purchasing. Why pay closing costs when you don’t have to? Lenox Financial Mortgage understands the benefits of this and is helping homeowners around the country. Concept in refinancing and purchasing. Why pay closing costs

Mortgage rates rise on interest rate fears
El Paso Times - WASHINGTON — Mortgage rates rose again this week because of worries about what the Federal Reserve will do next. One-year adjustable-rate mortgages hit the highest level in nearly five years. Freddie Mac, the mortgage company, reported Thursday that

Study: Blacks and Hispanics are more likely to pay high mortgage rates
Allentown Morning Call - | Black and Hispanic home buyers are more likely to pay high mortgage rates than white borrowers with similar credit ratings and income levels, an advocacy group found. The Center for Responsible Lending said either loan sellers are charging higher

Governor signs mortgage fraud bill
Crain’s Chicago Business - (Crain s) A bill designed to protect vulnerable homeowners from mortgage fraud was signed into law on Thursday. The bill details stricter disclosure requirements for mortgage rescue firms and gives homeowners new rights in dealing with

PMI applies to sell mortgage insurance in Canada
San Francisco Business Journal - PMI Mortgage Insurance Co. said Friday it applied to sell mortgage insurance in Canada. The Walnut Creek company is a subsidiary of the PMI Group Inc. (NYSE: PMI), which has about 1,000 employees. The application was made to the Office of the

Governor signs bill reining in mortgage “rescue” firms
Belleville News-Democrat - SPRINGFIELD, Ill. - A measure signed into law Thursday will restrict the operations of mortgage “rescue” firms that advertise financial assistance for homeowners facing mortgage foreclosure. State officials say many such firms either do little or no

Eat, Drink and Be Miriam
Fayetteville Observer - Our View: Race still a factor in mortgage lending, study finds. That hurts everyone. The mortgage industry is scrambling its spinners and spokespeople to proclaim innocence, but the numbers tell a different tale. There is rampant racial

Mortgage rate rises to 6.67 percent
Tulsa World - The nation’s benchmark mortgage rate keeps edging upward, hitting its highest level in nearly five years. The average 30-year, fixed-rate home loan is going for 6.67 percent, up from 6.62 percent last week, government-affiliated mortgage company

Delta Financial Sets Quarterly Dividend 
AP via Yahoo! Finance - 1 hour, 7 minutes ago
Delta Financial Corp., which sells non-conforming mortgage loans, said Friday that its board has approved a quarterly cash dividend of 5 cents per common share.Save to My Web

Bennington company wins financial backing to create 55 jobs 
WRGB - 21 minutes ago
(Bennington, VT - AP) - Vermont Composites in Bennington has won the financial backing that will allow it to create 55 new jobs. Company officials say the Vermont Economic Development Authority provided a one million-dollar mortgage insurance guarantee and a 304,000-dollar loan.Save to My Web

STARWATCH CONSUMER: Some minority homebuyers more likely to pay high mortgage rates 
Kansas City Star - 49 minutes ago
Black and Hispanic homebuyers are more likely to pay high mortgage rates than white borrowers with similar credit ratings and income levels, an advocacy group found.Save to My Web

Housing Bubble About to Bust? Consumers Say No in ING DIRECT National Survey 
FinanzNachrichten - 1 hour, 43 minutes ago
While talk of a housing ( Nachrichten / Aktienkurs ) bubble triggered by higher interest rates is a topic of discussion and much news coverage, most consumer are confident about real estate prices and don’t seem concerned by some increases in mortgage rates.Save to My Web

Be careful with home builder’s financing 
Bankrate.com - 1 hour, 41 minutes ago
Dear Dr. Don, We are purchasing a new Richmond home in a few months and my husband and I are trying to compare the HomeAmerican mortgage rates plus $8,000 incentive, which is higher, to other lenders. I was wondering if I could get some advice on comparing lenders and what to look for.Save to My Web

Our View: Race still a factor in mortgage lending, study finds. That hurts everyone. 
Fayetteville Observer - 2 hours, 29 minutes ago
The mortgage industry is scrambling its spinners and spokespeople to proclaim innocence, but the numbers tell a different tale. There is rampant racial discrimination in the home-loan business.Save to My Web

China Raises Home Down-Payment Ratio to Cool Prices (Update3) 
Bloomberg.com - 2 hours, 54 minutes ago
May 29 (Bloomberg) — China’s government raised the minimum down payment for larger apartments to 30 percent and more than doubled the period during which a sales tax will apply, stepping up efforts to cool surging property prices.Save to My Web

Face to Face: A Conversation with Alan Levan, BankAtlantic chairman 
Sun-Sentinel - 25 minutes ago
Bank chairman talks about housing, interest rates and more BankAtlantic chairman discusses housing, interest rates and life after Enron. Save to My Web

EI sick benefits don’t go far enough, couple says 
CBC via Yahoo! Canada News - 1 hour, 53 minutes ago
Two New Brunswickers who followed their dreams to Alberta are now fighting the federal government for Employment Insurance benefits they believe they are owed.Save to My Web

On the move: HLA Group names Hauser to senior post 
The Sacramento Bee - 1 hour, 7 minutes ago
The HLA Group has named Gregory Hauser senior associate landscape architect. In addition to participating on the firm’s management team, Hauser serves as landscape architect and project manager for master planned communities, park and recreational facilities, streetscape design, commercial and community design projects, corporate campus and retail development, and urban planning projects. His Save to My Web

Small-but-mighty bank grows slightly 
The Toledo Blade - 2 hours, 30 minutes ago
REPUBLIC, Ohio Republic Banking Co. has been named one of the 20 most profitable small banks in the United States for several years in a row.Save to My Web

Military spouses soldier on 
NorthJersey.com - 2 hours, 40 minutes ago
What was it like during the war, Mom? For women whose husbands served overseas, it all depends on which war.Save to My Web

CMHC to Help Create a New Mortgage Insurance Company in Jordan 
Government of Canada News - 21 minutes ago
Canada Mortgage and Housing Corporation (CMHC) and the United Arab Investors Group of Companies (UAIC) held a signing ceremony in Jordan today to commence a project for the creation of a new mortgage default insurance company in Jordan.Save to My Web

China Raises Home Down-Payment Ratio to Cool Prices (Update3) 
Bloomberg.com - 2 hours, 54 minutes ago
May 29 (Bloomberg) — China’s government raised the minimum down payment for larger apartments to 30 percent and more than doubled the period during which a sales tax will apply, stepping up efforts to cool surging property prices.Save to My Web

Face to Face: A Conversation with Alan Levan, BankAtlantic chairman 
Sun-Sentinel - 25 minutes ago
Bank chairman talks about housing, interest rates and more BankAtlantic chairman discusses housing, interest rates and life after Enron. Save to My Web

EI sick benefits don’t go far enough, couple says 
CBC via Yahoo! Canada News - 1 hour, 53 minutes ago
Two New Brunswickers who followed their dreams to Alberta are now fighting the federal government for Employment Insurance benefits they believe they are owed.Save to My Web

Military spouses soldier on 
NorthJersey.com - 2 hours, 40 minutes ago
What was it like during the war, Mom? For women whose husbands served overseas, it all depends on which war.Save to My Web

Small-but-mighty bank grows slightly 
The Toledo Blade - 2 hours, 30 minutes ago
REPUBLIC, Ohio Republic Banking Co. has been named one of the 20 most profitable small banks in the United States for several years in a row.Save to My Web

CMHC to Help Create a New Mortgage Insurance Company in Jordan 
Government of Canada News - 21 minutes ago
Canada Mortgage and Housing Corporation (CMHC) and the United Arab Investors Group of Companies (UAIC) held a signing ceremony in Jordan today to commence a project for the creation of a new mortgage default insurance company in Jordan.Save to My Web

On the move: HLA Group names Hauser to senior post 
The Sacramento Bee - 1 hour, 7 minutes ago
The HLA Group has named Gregory Hauser senior associate landscape architect. In addition to participating on the firm’s management team, Hauser serves as landscape architect and project manager for master planned communities, park and recreational facilities, streetscape design, commercial and community design projects, corporate campus and retail development, and urban planning projects. His Save to My Web

On the move: HLA Group names Hauser to senior post 
The Sacramento Bee - 1 hour, 6 minutes ago
The HLA Group has named Gregory Hauser senior associate landscape architect. In addition to participating on the firm’s management team, Hauser serves as landscape architect and project manager for master planned communities, park and recreational facilities, streetscape design, commercial and community design projects, corporate campus and retail development, and urban planning projects. His Save to My Web

China Raises Home Down-Payment Ratio to Cool Prices (Update3) 
Bloomberg.com - 2 hours, 54 minutes ago
May 29 (Bloomberg) — China’s government raised the minimum down payment for larger apartments to 30 percent and more than doubled the period during which a sales tax will apply, stepping up efforts to cool surging property prices.Save to My Web

Face to Face: A Conversation with Alan Levan, BankAtlantic chairman 
Sun-Sentinel - 25 minutes ago
Bank chairman talks about housing, interest rates and more BankAtlantic chairman discusses housing, interest rates and life after Enron. Save to My Web

Military spouses soldier on 
NorthJersey.com - 2 hours, 40 minutes ago
What was it like during the war, Mom? For women whose husbands served overseas, it all depends on which war.Save to My Web

CMHC to Help Create a New Mortgage Insurance Company in Jordan 
Government of Canada News - 21 minutes ago
Canada Mortgage and Housing Corporation (CMHC) and the United Arab Investors Group of Companies (UAIC) held a signing ceremony in Jordan today to commence a project for the creation of a new mortgage default insurance company in Jordan.Save to My Web

EI sick benefits don’t go far enough, couple says 
CBC via Yahoo! Canada News - 1 hour, 53 minutes ago
Two New Brunswickers who followed their dreams to Alberta are now fighting the federal government for Employment Insurance benefits they believe they are owed.Save to My Web

Small-but-mighty bank grows slightly 
The Toledo Blade - 2 hours, 30 minutes ago
REPUBLIC, Ohio Republic Banking Co. has been named one of the 20 most profitable small banks in the United States for several years in a row.Save to My Web

Mortgage executive to host forum on payoff alternatives
Lowell Sun, MA - 2 hours ago BURLINGTON — A Lowell mortgage company owner is hosting a seminar tomorrow night at the Burlington Marriott in which he hopes to “educate the masses” about

Mortgage repricing may cause pressure-Fed’s Bernanke
Reuters - 2 hours ago re-pricing this year of the interest rates charged on many US mortgages may put pressure on those who borrowed in the sub-prime mortgage market, Federal

5.8 percent mortgage rate available to Jefferson County home
Beaumont Enterprise, TX - 3 hours ago BEAUMONT - Jefferson County home buyers can get a 5.8 percent mortgage rate thanks to $16.5 million in funds made available through the Jefferson County

Mortgage range revised by Nationwide
Firstrung, UK - 19 hours ago Nationwide’s two year tracker mortgage (with 599 fee) and three year tracker mortgage (with 399 fee) will be withdrawn. Steve

Mortgage schemer pleads guilty
Pittsburgh Post Gazette, PA - 3 hours ago A man pleaded guilty to money laundering yesterday for his role in a mortgage flipping scheme that netted more than $1 million.

Morgans Hotel Group Co. Completes Mortgage Financing on Mondrian
Business Wire (press release), CA - 21 hours ago cities under well-known brands such as Delano, Mondrian, and Hudson, today announced that it has completed its previously announced mortgage financing on

Second-time buyers hit by soaring house prices
Manchester Evening News, UK - 15 hours ago new research reveals. High street bank Abbey says 49 per cent of second-time buyers can’t afford a bigger mortgage. Moving up the

Paragon posts higher year-end results
ShareCast, UK - 9 hours ago proforma basis. Its buy-to-let mortgage completions soared to 1.3bn from 631.4m from the corresponding period last year. ‘The

First Trust/FIDAC Mortgage Income Fund Declares Monthly
Business Wire (press release), CA - 19 hours ago LISLE, Ill.–(BUSINESS WIRE)–May 22, 2006–First Trust/FIDAC Mortgage Income Fund (the “Fund”) (NYSE:FMY) today declared the Fund’s regularly scheduled

Resale market stabilizes
Newszap Arizona, AZ - 5 hours ago People are still buying homes, man, said Desmond Cooley, owner of Ocotillo Mortgage, 1347 N. Alma School Road, Suite 130, in Chandler.

Sanders sets 4.5-cent quarter dividend
BusinessWeek - 6 hours ago equity. Bad credit ok. Refinance Your Mortgage - Bad Credit OK Do you have bad credit? Need to refinance your mortgage? Complete

First Republic buying BWC for $177M; mortgage unit sold separately
San Jose Business Journal, CA - 3 hours ago said it has acquired the 51 percent part of BWC Mortgage Services that it didn’t already own, but didn’t disclose the terms of that sale.

Radian Guaranty Names William Kaiser Senior VP, Operations - Quick
Trading Markets, CA - 23 hours ago Radian also revealed that prior to his appointment Kaiser has served as vice president, business solutions for Option One Mortgage, and has also held

Mortgage delinquencies, foreclosures rise in city, state
San Diego Daily Transcript (subscription), CA - 19 hours ago By THOR KAMBAN BIBERMAN, The Daily Transcript. Defaults, foreclosures and REO bank sales are way up, but not nearly as high as the mid-1990s.

Wethersfield man arrested attempting to extort money
WTNH, CT - 16 hours ago Paul Schenkel faces larceny and computer crimes charges. Schenkel is a former employee of Mortgage Lenders Network USA in Middletown.

News&Notes | finance development sales 
Multi-Housing News - 1 hour, 49 minutes ago
Los Angeles, Calif.Howard Levine, president and CEO of ARCS Commercial Mortgage Co. LP announced the closing of $128.673 million in financing for four properties located in west Los Angeles.Save to My Web

Toll’s 2nd-Qtr Profit Growth Slows; 2006 Forecast Cut (Update8) 
Bloomberg.com - 2 hours, 2 minutes ago
May 23 (Bloomberg) — Toll Brothers Inc., the largest U.S. luxury-home builder, said fiscal second-quarter earnings rose 2.8 percent, the smallest gain in three years, and trimmed its 2006 forecast as higher mortgage rates weakened the housing market.Save to My Web

Fannie Mae Regulator Says Growth Should Be `Limited’ (Update5) 
Bloomberg.com - 44 minutes ago
May 23 (Bloomberg) — Fannie Mae, the U.S. lender that parlayed its government sponsorship and political connections into the nation’s largest source of mortgage funds, needs stricter regulation that will limit growth after its board of directors failed to prevent $11 billion of accounting errors, the company’s federal regulator said.Save to My Web

Tuesday, May 23, 2006 
The San Francisco Examiner - 1 hour, 57 minutes ago
9 mins ago: Employees at mortgage giant Fannie Mae manipulated accounting so that executives could collect millions in bonuses as senior management deceived investors and stonewalled regulators at a company whose prestigious image was phony, a federal agency charged Tuesday.Save to My Web

Fannie Mae board, management cited for misconduct 
India Daily - 2 hours, 12 minutes ago
Fannie Mae’s board of directors is partly to blame for the accounting scandal that has rocked the big mortgage company, and the firm should be subject to fines, a stinging and critical report from Fannie’s regulator said on Tuesday.Save to My Web

Montreal’s ‘Big Owe’ almost paid off 
CBC - 16 minutes ago
After 30 years, Quebecers are months away from paying off the mortgage on Montreal’s Olympic Stadium a landmark neither the city nor the province say they want to own.Save to My Web

Even debt-free, the Big Owe is still in trouble 
CBC via Yahoo! Canada News - 2 hours, 4 minutes ago
Quebecers have nearly finished paying off the $1.5-billion mortgage on the Olympic Stadium, but the “Big Owe’s” problems aren’t over yet.Save to My Web

Feds Fine ‘Arrogant’ Fannie 
TheStreet.com - 2 hours, 43 minutes ago
A government report details the accounting games at the big mortgage outfit.Save to My Web

Fitch Ratings Upgrades MSDWC 2002-TOP7 
[Press Release] Business Wire via Yahoo! Finance - 35 minutes ago
NEW YORK—-May 23, 2006–Fitch Ratings upgrades Morgan Stanley Dean Witter Capital I Trust, commercial mortgage pass-through certificates, series 2002-TOP 7 as follows: $24.2 million class B to ‘AA+’ from ‘AA’; $29.1 million class C to ‘A+’ from ‘A’; $7.3 million class D to ‘A’ from ‘A-’; $7.3 million class E to ‘A-’ from ‘BBB+’; $12.1 million class F to ‘BBB+’ from ‘BBB’; $7.3 million class G Save to My Web

Report: Fannie Mae Manipulated Accounting 
WJLA-TV Washington D.C. - 2 hours, 28 minutes ago
Washington (AP) - Employees at mortgage giant Fannie Mae manipulated accounting so that executives could collect millions in bonuses as senior management deceived investors and stonewalled regulators at a company whose prestigious image was phony, a federal agency charged Tuesday.The blistering report by the Office of Federal Housing Enterprise Oversight, the product of an extensive three-year Save to My Web

Fitch Upgrades 2 Classes of DLJ Series 1996-CF2 
[Press Release] Business Wire via Yahoo! Finance - 1 hour, 3 minutes ago
CHICAGO—-May 23, 2006–Fitch Ratings upgrades and removes from Rating Watch Positive one class of DLJ Mortgage Acceptance Corp.’s commercial mortgage pass-through certificates, series 1996-CF2, as follows: $12.2 million class B-3 to ‘AAA’ from ‘A’.Save to My Web

Fannie Mae Slammed With $400M Fine 
CBS News - 20 minutes ago
Senior executives at mortgage giant Fannie Mae manipulated accounting to collect millions in “maximum, undeserved bonuses” and deceive investors, a blistering federal report charged. The government-sponsored company was fined $400 million.Save to My Web

Regulators fine Fannie Mae $400 million over accounting 
India Daily - 1 hour, 57 minutes ago
Federal regulators fined giant mortgage company Fannie Mae $400 million in connection with charges Fannie’s board and executives massaged earnings to trigger executive bonuses from 1998 to 2004. At the same time, Fannie’s chief regulator said the company must scale back its holdings of mortgage-backed securities to Dec. 31, 2005 levels.Save to My Web

Tough Fannie report could push bill in Congress 
Reuters via Yahoo! News - 1 hour, 34 minutes ago
A scathing report on Fannie Mae’s nearly $11 billion accounting scandal could give Congress the spark needed to push legislation overhauling supervision of the mortgage finance giant, sources said on Tuesday.Save to My Web

Report: Fannie Mae needs stricter regulation 
Chicago Tribune - 1 hour, 11 minutes ago
Fannie Mae, the U.S. lender that parlayed its government sponsorship and political connections into becoming the nation’s largest source of mortgage funds, needs stricter regulation that will limit growth after its board of directors failed to prevent $11 billion of accounting errors, the company’s federal regulator said. Save to My Web

US blames Fannie management 
Reuters via Yahoo! News - 27 minutes ago
Mortgage finance giant Fannie Mae agreed to pay a $400 million fine after a U.S. probe into its $11 billion accounting scandal blamed management and the board for an “arrogant and unethical” corporate culture that led to massive manipulation of earnings.Save to My Web

Sanders sets 4.5-cent quarter dividend
BusinessWeek - 6 hours ago equity. Bad credit ok. Refinance Your Mortgage - Bad Credit OK Do you have bad credit? Need to refinance your mortgage? Complete

100 expected for Realtors’ summit in PSL
Fort Pierce Tribune (subscription), FL - 12 hours ago By staff report. More than 100 local Realtors are expected to attend HomeBanc Mortgage’s Realtor Summit on Wednesday. The free event

50 YEAR MORTGAGE
WCPO, OH - 20 hours ago Mortgage rates have been rising this year, putting a new home out of reach for some buyers. CNN reports a half century mortgage will give you lower payments.

Paragon posts higher year-end results
ShareCast, UK - 9 hours ago proforma basis. Its buy-to-let mortgage completions soared to 1.3bn from 631.4m from the corresponding period last year. ‘The

Don’t Be a Victim of Loan Fraud: How FHA is Here to Protect You
Yahoo! News (press release) - 2 hours ago fraud. That is why the Federal Housing Administration (FHA) wants you to become a knowledgeable and aware mortgage consumer. There

Fitch Upgrades 8 Classes of Banc of America Commercial Mortgage
Business Wire (press release), CA - 56 minutes ago NEW YORK–(BUSINESS WIRE)–May 23, 2006–Fitch upgrades Banc of America Commercial Mortgage Inc.’s commercial mortgage pass-through certificates, series 2001-1

Mortgage repricing may cause pressure-Fed’s Bernanke
Reuters - 2 hours ago re-pricing this year of the interest rates charged on many US mortgages may put pressure on those who borrowed in the sub-prime mortgage market, Federal

Wells Fargo Alerts Mortgage Customers To Theft
NBC 10.com, PA - 23 hours ago Wells Fargo has sent letters to some of its mortgage customers telling them their personal information was compromised. The letter

Save Money on Your Mortgage
WCYB-TV, VA - 20 hours ago If you tuned into Money Saving Monday and our story on Mortgage Savings left you scratching your head, here is some help. Local

Resale market stabilizes
Newszap Arizona, AZ - 5 hours ago People are still buying homes, man, said Desmond Cooley, owner of Ocotillo Mortgage, 1347 N. Alma School Road, Suite 130, in Chandler.

Wethersfield man arrested attempting to extort money
WTNH, CT - 16 hours ago Paul Schenkel faces larceny and computer crimes charges. Schenkel is a former employee of Mortgage Lenders Network USA in Middletown.

Mortgage schemer pleads guilty
Pittsburgh Post Gazette, PA - 3 hours ago A man pleaded guilty to money laundering yesterday for his role in a mortgage flipping scheme that netted more than $1 million.

Overnight real estate rates decline
Inman.com (subscription), CA - 3 hours ago Long-term mortgage interest rates were lower Monday, and the benchmark 10-year Treasury bond yield fell to 5.04 percent. The 30-year

Morgans Hotel Group Co. Completes Mortgage Financing on Mondrian
Business Wire (press release), CA - 21 hours ago cities under well-known brands such as Delano, Mondrian, and Hudson, today announced that it has completed its previously announced mortgage financing on

Mortgage delinquencies, foreclosures rise in city, state
San Diego Daily Transcript (subscription), CA - 19 hours ago By THOR KAMBAN BIBERMAN, The Daily Transcript. Defaults, foreclosures and REO bank sales are way up, but not nearly as high as the mid-1990s.

Annapolis thrift earns high banking marks
Baltimore Business Journal - Annapolis’ Severn Bancorp has tied for best-performing thrift in the nation in a ranking by financial data provider SNL Financial. In recent years, Severn (NASDAQ: SVBI) has been a repeat performer on several such lists. This is its second year at

Gillian Shaw, Vancouver Sun
Vancouver Sun - Vernon chalked up the most dramatic rise in house prices in Canada over the past five years, with the average house there jumping 129 per cent to $355,000 from $155,000, according to an analysis released Wednesday by Century 21 Canada. Kelowna wasn’t

Homestead Mortgage
Amador Ledger-Dispatcher - We’re celebrating 20 years in business! We appreciate your business and friendship. Thank you for keeping it local! Real estate broker - California Dept. of Real Estate License #872453. Everyone’s Welcome at Homestead Mortgage. We’re locally owned

Clayton Shares Fall on Analyst Downgrade
MSN MoneyCentral - NEW YORK (AP) - Shares of Clayton Holdings Inc., which analyzes mortgage loans for mortgage-backed securities traders, fell in afternoon trading Wednesday after an analyst said the company is vulnerable to a downturn in the cooling real estate market

Fed economist to cut GSE mortgage benefit estimate
Reuters - CHICAGO (Reuters) - A Federal Reserve economist on Thursday will say Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ) help lower U.S. mortgage rates by only two basis points, below his previous

Canada’s housing affordability continues to deteriorate, RBC study
Stockhouse Canada - TORONTO (CP) - Canada’s housing affordability is continuing to deteriorate as prices and mortgage rates rise, an RBC Economics study suggests. “The cost of home ownership in Canada, including financing, utilities and property taxes, rose at a faster

Home buying topic of seminar
Vacaville Reporter - Area renters are invited to register for a “First Home” workshop to learn about the home-buying process and its financial benefits. It will be held from 1 to 3 p.m. on Saturday at the Courtyard Marriott, 120 Nut Tree Parkway. Area homeowners are

Mortgage companies cause tax nightmare
1960 Sun - Some Clay County taxpayers who financed their homes with out-of-state mortgage companies are finding themselves in hassles with local tax collectors. County Treasurer Vicky Jenkins said once consumers take out loans, the loans are purchased by other

Mortgage will Cost More in Suffolk County
1010Wins - HAUPPAUGE, Long Island — It will cost another $100 for Suffolk County residents to refinance or buy a house with a mortgage. The Suffolk County Legislature raised mortgage recording fees as part of a plan to bridge an $80 million budget gap next

Vendetta led to mortgage scheme, agents say: Bellevue builder made
King County Journal - Federal agents say a Bellevue man with a vendetta against the justice system devised a decade-long scheme that made him more than a $1 million, selling mortgages on the homes of his enemies. David Alan Hawkins, 66, never owned or had any right to

Mortgage industry in a period of adjustment as real estate slows
San Diego Daily Transcript - While interest rates on home loans continue to rise and the housing market slows, consumers either attempting to refinance or obtain a new loan are becoming more rare. As a result, some home lending companies have either consolidated, laid off

Can you still get rich in real estate?
CNN Money - If you’re expecting a short-term gain, “you should be looking elsewhere,” says Christopher Mayer, a Columbia University economics professor who not long ago argued that land shortages and rising populations would translate into ever-rising prices in

Real Estate Reality Check
Motley Fool - One key to being smart financially is to allocate your assets intelligently. Generally speaking, that means putting your money in the best places for it to grow while managing its exposure to risk. Given that definition, it makes sense that many of

Fed chief urges caution on mortgages
Financial Times - Ben Bernanke, chairman of the US Federal Reserve, on Thursday called on banks to be more cautious about mortgage lending despite clear evidence that the domestic housing market was cooling. Mr Bernanke cited a need for lenders to be vigilant in

Rising mortgage rates make housing less affordable 
Ottawa Business Journal - 43 minutes ago
Housing in Canada is becoming less affordable, as financing costs and utilities rise faster than household incomes. But a standard detached bungalow in Ottawa is the most affordable among Canada’s five largest cities.Save to My Web

Tomorrow’s Newspaper 
Pocono Record - 38 minutes ago
Are you one of the thousands of people who own a new home in the Poconos? What if you wanted to refinance your mortgage and only then found out you may not own what you thought you bought? It’s happening to people in one of the most prominent communities in the Poconos.Save to My Web

More new homeowners are late with their mortgage payments 
India Daily - 2 hours, 24 minutes ago
More new homeowners are late with their mortgage payments. The rise in delinquency rates is likely due to soaring housing prices and aggressive lending last year, recent studies find.Save to My Web

Bradford Mortgage opens second Triad office 
The Business Journal of the Greater Triad Area - 51 minutes ago
Residential lender Bradford Mortgage has opened its second Triad location with a new office at the intersection of Holden Road and Friendly Avenue in Greensboro.Save to My Web

AMF CARRIES OUT FINANCING OPERATION 
AzerTag - 2 hours, 33 minutes ago
Azerbaijan Mortgage Fund (AMF) carried out the financing operation with Bank Standard and Technikabank. Thus, AMF performed one of its major functions successfully refinancing mortgage loan for the first time in the South Caucasus region.Save to My Web

Housing slowdown to be widely felt 
CNN Money - 1 hour, 3 minutes ago
You don’t need to be in the market to buy or sell a home to be affected by the cooling housing market.Save to My Web

Fed chief urges caution on mortgages 
FT.com via Yahoo! News - 34 minutes ago
Ben Bernanke, chairman of the US Federal Reserve, on Thursday called on banks to be more cautious about mortgage lending despite “clear” evidence that the domestic housing market was cooling.Save to My Web

Beijing pledges steps to cool home prices 
International Herald Tribune - 2 hours, 47 minutes ago
China’s government said it would adjust tax, land and loan policies to “correct” distortions in the property market, stepping up efforts to cool home prices that jumped 15 percent in the first quarter in Beijing alone.Save to My Web

U.S. mortgage rates inch up 
Market Watch - 34 minutes ago
CHICAGO (MarketWatch) — In a volatile week for stock and bond markets, mortgage rates barely budged, leaving fixed-rate loans near four-year highs.Save to My Web

Mortgage rates return to four-year high 
CNN Money - 18 minutes ago
NEW YORK (CNNMoney.com) - Mortgage rates returned to four-year highs, after dipping slightly in the prior week, Freddie Mac said Thursday.Save to My Web

Return to Publication 
Howell Tri Town News - 2 hours, 46 minutes ago
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