Cayo: Buying a strata property takes extra care
Vancouver Sun
“The mortgage on a sweet little place of my own will be $1000 a month. So I'll be saving $200. “Right?” “Wrong,” says Scott Hannah, the Vancouver-based president of the non-profit Credit Counselling Society, who has heard this kind of flawed reasoning ...

and more »

Mortgage Assistance Workshop
KLAS-TV
Malone admits, during the bad old days, he was the guy who madeMore>> A central figure in the biggest political corruption scandal of the past 50 years is finally talking. Former Clark County Commissioner Lance Malone went to prison in 2006.

and more »

Investing Answers
10 States with the Most Seriously Delinquent Mortgages
Investing Answers
(Note: The report includes both mortgage installment loans and home equity lines of credit, or HELOCs, in the overall debt totals.) To put that in perspective, that's at least four times as many people facing serious delinquency as in the first quarter ...

Credit card and mortgage debt down, but so are scores
Puget Sound Business Journal
While a typical American's credit card and mortgage debt have both fallen since last year, the average credit score nevertheless fell by one point between March and April. So says Credit Karma , a San Francisco company that tracks such things.
Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...MarketWatch (press release)
California mortgage, consumer debt dropsBizjournals.com

all 19 news articles »

Moody's attack of mortgage plan 'premature'
Nassau Guardian
Reactions to a Moody's report that calls into question the new government's Mortgage Relief Plan have been mixed among persons in the business community. But one thing is clear, opinions are strong and divisive on an initiative that could make or break ...

and more »

The CFPB already has how many employees? And LO's wonder...
Mortgage News Daily
And LO's wonder, "Could mortgage rates really go lower?" Accenture Credit Services announced that, "Low interest rates, less competition, more regulation and tighter credit standards have pushed the time it takes the biggest mortgage lenders to ...

and more »

Time to Book Profits on Home Builders
TheStreet.com
The good news is that this is the best reading since May 2007, but the bad news is that it's well below 50. After a lull in April, potential buyers are window shopping for a new home given record low mortgage rates and the desirability of buying new ...

and more »

Time to Book Profits on Home Builders
TheStreet.com
The good news is that this is the best reading since May 2007, but the bad news is that it's well below 50. After a lull in April, potential buyers are window shopping for a new home given record low mortgage rates and the desirability of buying new ...

and more »

Mortgage fraud up
This is Somerset
Fraudulent mortgage applications increased by eight per cent year on year in 2011, as "financially stressed" consumers tried to hide their bad credit ratings and lied about their jobs, a study has suggested. A record 34 in every 10000 applications for ...

and more »

Bankrate: Mortgage Rates Set 4th New Record in a Row
Sacramento Bee
By Bankrate, Inc. NEW YORK, May 16, 2012 -- /PRNewswire/ -- Mortgage rates fell for the seventh time in the past eight weeks and set a new record for the fourth consecutive week. The average rate on the benchmark 30-year fixed mortgage rate dropped ...

and more »

Mortgage Lender Residential Finance Corp. Explains Benefits of HARP 2.0
EON: Enhanced Online News (press release)
It only took three weeks from the time she called RFC and reached loan officer Vince Cooper to the close of her loan, a 30-year, fixed rate mortgage for $135000. “I am pretty happy, and I sleep much better,” she said. Expanded Credit – Borrowers with ...

and more »

Making mortgage payments is tough
Las Vegas Sun
So, they take out a balloon mortgage and apparently pay on it until their payments went up. Then, they are squatters in the home without making a payment for three years. And he says, “I feel bad enough about not paying.

This REIT Promises Yield And Growth Without Mortgage REIT Risk
Seeking Alpha
Owners of manufactured homes in land lease communities saw their friends and family buy homes with little to no money down, with poor or bad credit, and yet those people made money because the house appreciated. Shipments of manufactured homes during ...

and more »

msnbc.com
Foreclosed Americans find way back to homeownership
Reuters
A conventional mortgage typically carries a lower interest rate than does an FHA-backed loan, but it also requires a credit score of at least 720, proof of income and a significant down payment. In contrast, FHA loans historically have been available ...
Is the Government Backing a New Housing Bubble?The Fiscal Times

all 39 news articles »

Globe and Mail
The Bad Old Days of Risky Derivative Trading Never Left
LoanSafe
A checking account, a savings account, a credit card or two. A mortgage, a small-business loan or a line of credit for daily business cash flow. But at the 1 percent level, where investment banking is done, banking is extraordinarily complicated and ...
What Makes You Madder: JPMorgan's Recklessness or the Fed's Cluelessness?Huffington Post (blog)
Shareholder voices from JPMorgan Chase meetingBusinessWeek

all 10,046 news articles »

Credit Karma: Card and mortgage debt down, but so are scores
Bizjournals.com
Also, many "underwater" homes (those where the mortgage exceeded the actual value of the home) have been foreclosed and the bad debt written off. In California in April, the average consumer had $5674 in credit card debt, $303745 in mortgage debt ...

Mortgage Rates & Trends (blog)
Current Mortgage Rates for Wednesday, May 16, 2012
Mortgage Rates & Trends (blog)
By Michael Kraus on May 16, 2012 We are seeing mortgage rates rise this morning as positive US economic data at least temporarily outweighs the approaching US “fiscal cliff” as well as continued bad news from Europe, and Greece in particular.

and more »

Stats Point to a Decent Housing Market; Nationstar and ResCap;...
Mortgage News Daily
But the mortgage industry is more concerned with another Biden: Joe's son Beau, who is Delaware's Attorney General. Officials wonder why banks aren't excited about residential lending, yet the industry faces Biden's comments that the states' attorneys ...

and more »

Financial Post
Foreclosed Americans buying homes again thanks to government loans
Financial Post
A conventional mortgage typically carries a lower interest rate than does an FHA-backed loan, but it also requires a credit score of at least 720, proof of income and a significant down payment. In contrast, FHA loans historically have been available ...
Foreclosed Americans find way back to homeownershipChicago Tribune

all 34 news articles »

CTV.ca
The bad old days of risky derivative trading never left
Mid Columbia Tri City Herald
A checking account, a savings account, a credit card or two. A mortgage, a small-business loan or a line of credit for daily business cash flow. But at the 1 percent level, where investment banking is done, banking is extraordinarily complicated and ...
What Makes You Madder: JPMorgan's Recklessness or the Fed's Cluelessness?Huffington Post (blog)
Shareholder voices from JPMorgan Chase meetingBusinessWeek
When banks' bets go badTbo.com

all 9,122 news articles »