Monthly Archives: April 2009

Caught in a mortgage mess? Contact your lender – AZ Central.com

 


WALA-TV FOX10

Caught in a mortgage mess? Contact your lender
AZ Central.com, AZ
Mortgage fraud has risen 400 percent nationally. Housing advocates advise people not to pay big up-front fees to the growing number of groups offering help to struggling homeowners. Remember, HUD counselors provide help for free. 8.
Video: Travis County foreclosures KXAN.com
Texans could get more time in foreclosures Houston Chronicle
California’s Foreclosure Surge Leads to Stricter Regulations 24-7PressRelease.com (press release)
KCBD-TVHouston Chronicle
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Senate to sink mortgage relief plan – The Associated Press

Senate to sink mortgage relief plan
The Associated Press
Allowing people to seek mortgage relief in bankruptcy court is opposed by Republicans and enough Democrats to block it. They remain worried that the legislation would unleash a torrent of loan defaults, ultimately driving up mortgage rates and

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Freddie Total Mtge Portfolio Rose Annualized 21% – Wall Street Journal

 


TopNews United States

Freddie Total Mtge Portfolio Rose Annualized 21%
Wall Street Journal
This was partly because of the Obama administration’s Making Home Affordable Program – an initiative for existing home owners to lower their mortgage rates. Other government initiatives, such as the Federal Reserve’s purchases of mortgage bonds and US
Video: Freddie Mac CFO Neighbor: ‘We’re Shocked’ The Associated Press
Your Guide to the Government’s Refinancing Help Washington Post
Refinance rules causing confusion Seattle Times
Inman.comReuters
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Algarve golf property courts an upmarket clientele

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Freddie Mac March Total mortgage portfolio up 21% – Quick Facts – RTT News

Freddie Mac March Total mortgage portfolio up 21% – Quick Facts
RTT News, NY
(RTTNews) – Freddie Mac (FRE: News ) Friday said that March total mortgage portfolio increased at an annualized rate of 21.0%. Refinance-loan purchase volume for March was $52 billion. The company's aggregate unpaid principal balance of
Freddie Mac March portfolio up annualized 65.8 pct Reuters
Freddie Mac Monthly Volume Summary: March 2009 PR Newswire (press release)
Freddie Mac's refinance policy drawing fire Gay and Lesbian Times
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Central London property prices up as buyers lose fear factor

photo credit: maistora

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Here's what to ask if you're considering a reverse mortgage – MarketWatch

Here's what to ask if you're considering a reverse mortgage
MarketWatch
By Lew Sichelman WASHINGTON (MarketWatch) — Question: Where can I get more detailed information about reverse mortgages for seniors? We have a house in a "plus 55" community in California for which we paid $315000 four years ago.
Reverse mortgages good option for some seniors Chicago Tribune
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FDIC Bill May Come Up In US Senate Next Week -Sources – Wall Street Journal

 


Boston Globe

FDIC Bill May Come Up In US Senate Next Week -Sources
Wall Street Journal
Proponents say it will act like a stick, encouraging mortgage lenders to take advantage of government-backed financial incentives to modify loans. Under the legislation, bankruptcy judges would be able to reduce the principal amount of mortgage loans
Washington credit unions support work toward cram down deal Seattle Post Intelligencer
State Credit Union Trade Association Backs Away From NAFCU Stance Mortgageorb
‘Cramdown’ changes remain a CUNA priority RealEstateRama
Housing WireRoll Call (subscription)
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How to buy foreclosures – Donald Trump reveals the secret

photo credit: respres

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Northern Rock says lending arrears up

 


24dash

Northern Rock says lending arrears up
Reuters
LONDON (Reuters) – Nationalised bank Northern Rock reported a sharp rise in lending arrears in the first three months of 2009, blaming continued difficult conditions in the mortgage and housing markets. Northern Rock said on Thursday accounts more than
Northern Rock enjoys mortgage surge ShareCast
Northern Rock mortgage arrears rise 25% MyFinances.co.uk
UK’s Northern Rock sees substantial loss this year MSN Money
Sunday SunTeleText
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