Mortgage rates dip on weak employment data
USA Today - 2 hours, 9 minutes ago
Mortgage rates fell this week as a weaker-than-expected employment report eased concerns about inflation. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.62%, down from 6.67% last week, which had been the highest level in nearly four years.Save to My Web
Fundraiser reaches midway point
Mount Pleasant News - 1 hour, 12 minutes ago
The REC Center continues with $106,000 fund raising campaign to replace a dehumidification system for the indoor pool and to retire the remaining portion of the facility’s original mortgage.Save to My Web
Interest jumps in Hamilton townhouses and apartments
Hamilton Spectator - 1 hour, 44 minutes ago
Rising mortgage rates and a lack of available land has Hamilton area homebuyers looking for town houses and apartment condominiums. Canada Mortgage and Housing Corporation (CMHC) reported a 47 per cent jump in multiple-family dwelling starts so far for 2006 compared to last year at this time.Save to My Web
Industry Survey Reveals Slowdown in Mortgage Industry
Real Estate News - 1 hour, 7 minutes ago
BNTouch Mortgage study reveals that this spring has turned out to be much slower for loan officers than anticipated earlier in the yearSave to My Web
U.S. Seeks to Recover Fannie Mae Bonuses
WJLA-TV Washington D.C. - 4 minutes ago
Washington (AP) - The government will pursue some Fannie Mae executives to recover bonus money they reaped in an accounting scheme if the mortgage giant itself fails to do so.At his confirmation hearing Thursday, James B. Lockhart, a longtime friend of President Bush ( website - news - bio ) , also assured senators he would maintain his independence as the chief regulator of embattled Fannie Save to My Web
New home starts drop slightly as prices, mortgage rates rise
Canadian Business - 12 minutes ago
TORONTO (CP) - The number of new home buyers slipped for the fourth consecutive month as the red-hot housing market began to cool amid rising mortgage rates and the biggest home price increase in 17 years, say reports issued Thursday.Save to My Web
Rates threat to mortgage bonds
Financial Times - 1 hour, 30 minutes ago
The market for bonds backed by residential mortgages has experienced very strong issuance in the first few months of the year, but the macro-economic backdrop and interest rate uncertainty pose a threat to performance, according to Fitch, the ratings agency.Save to My Web
U.S. mortgage lending seen slipping
UPI - 1 hour, 15 minutes ago
MCLEAN, Va., June 8 (UPI) — Mortgage lender Freddie Mac says the recent increase in U.S. mortgage rates will reduce refinancing as well as loan origination this summer.Save to My Web
Sempra Unit Issues $250 Million in Debt
KiplingerForecasts.com - 2 hours, 38 minutes ago
Sempra Energy said Thursday its San Diego Gas & Electric subsidiary sold $250 million of 20-year first mortgage bonds.Save to My Web
National Bank Adjusts its Mortgage Rates
SYS-CON Media - 28 minutes ago
National Bank of Canada (TSX: NA) has adjusted its rates for residential mortgages. The new rates are effective as of June 9, 2006.Save to My Web
U.S. seeks to recover Fannie Mae bonuses
AP via Yahoo! News - 1 hour, 8 minutes ago
The government will pursue some Fannie Mae executives to recover bonus money they reaped in an accounting scheme if the mortgage giant itself fails to do so.Save to My Web
Real estate agent sentenced for fraud
Denver Post - 46 minutes ago
Lakewood real estate agent William Mendez was sentenced Wednesday to 49 months in federal prison for his role in an alleged mortgage fraud scheme. Mendez, 41, pleaded guilty in March to wire fraud and money laundering in the scam. As part of the plea agreement he will pay $1.2 million in restitution to the U.S.Save to My Web
Fitch Affirms 6 Classes from GSRPM Mortgage Loan Trust Series 2004-1
[Press Release] Business Wire via Yahoo! Finance - 2 hours, 24 minutes ago
NEW YORK—-June 8, 2006–Fitch Ratings has affirmed the following classes from GSRPM Mortgage Loan Trust series 2004-1: Class A-1, A-2, and A-3 at ‘AAA’; Class M-1 at ‘AA’; Class M-2 at ‘A’; Class B-1 at ‘BBB+’.Save to My Web
Mortgage Rates Fall on Easing Inflation Concerns
Fox News - 2 hours, 11 minutes ago
Freddie Mac reports that rates on mortgages dropped this week in only the second decline in past 11 weeks.Save to My Web
Wells Fargo buys Reilly Mortgage
BizJournals - 2 hours, 26 minutes ago
Wells Fargo will buy commercial mortgage company Reilly Mortgage Group for an undisclosed sum.Save to My Web