Saturday, October 08, 2005

Home Equity News - Countrywide - Refinance Home Loans


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Home Equity News - Information search on home equity loans vs home equity line of credit


Information search on home equity loans vs home equity line of credit
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Home Equity News - Fitch Rates $863.6MM Wells Fargo Home Equity Asset-Backed


Fitch Rates $863.6MM Wells Fargo Home Equity Asset-Backed
Business Wire (press release), CA - Sep 29, 2005 The properties are primarily located in California (27.03%), Maryland (7.49%), and Virginia (6.01%). Wells Fargo Home Mortgage, Inc.

Greenspan: Mortgage Proceeds Covering Credit Card Debt
TPMCafe, NY - Sep 26, 2005 As Greenspan himself noted, "Home mortgage debt is thus the final source of funding for some consumer outlays originally financed by extensions of credit card

Home Bank & Trust pays FDIC penalty
Kansas.com, KS - Oct 3, 2005 However, the public notice of the penalty indicates it was filed under the federal Home Mortgage Disclosure Act, which requires lenders to make an annual

Racial Gap in Loans Is High in State
Los Angeles Times, CA - Sep 29, 2005 To compile the report, the advocacy group analyzed lending statistics reported this year under the Home Mortgage Disclosure Act.

Allied Home Mortgage Capital Corporation Opens New Branch Office
PrimeZone (press release), CA - Sep 29, 2005 ST JOHNSBURY, Vt, Sept. 29, 2005 (PRIMEZONE) -- Allied Home Mortgage Capital Corporation (AHMCC) has opened a new branch in St Johnsbury, Vt.

Home Equity News - Legal News - Founders of Nationwide Debt elimination scheme


Legal News - Founders of Nationwide Debt elimination scheme
Lawfuel (press release), New Zealand - Sep 22, 2005 a debt elimination scheme whereby fraudulent documents are recorded as part of the title of their clients properties, causing home mortgage and equity loans

Study: Minorities Get More High-Cost Loans
RisMedia.com, CT - Oct 6, 2005 The group, an organization of low- and moderate-income families, drew its conclusions from available under the Home Mortgage Disclosure Act.

Minorities found to pay high mortgage rates
Toledo Blade, OH - Sep 30, 2005 high-cost loan. The study used figures reported under the Home Mortgage Disclosure Act by 18 Toledo-area lenders. ACORN said those

Home Notes
Charlotte Observer, NC - 18 hours ago Information: www.thesettings.com. KB Home will sell assets of its mortgage subsidiary, KB Home Mortgage Co., to Countrywide Home Loans.

Spiralling prices hurt US services
Seven.com.au, Australia - Oct 5, 2005 Separately, weekly US home mortgage applications slipped as interest rates on the key 30-year mortgage climbed to a seven-month high.

Home Equity News - Biweekly Mortgage Brokers - No Need to Refinance Home - Bi-weekly


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Friday, October 07, 2005

Home Equity News - Fitch Rates $863.6MM Wells Fargo Home Equity Asset-Backed


Fitch Rates $863.6MM Wells Fargo Home Equity Asset-Backed
Business Wire (press release), CA - Sep 29, 2005 The properties are primarily located in California (27.03%), Maryland (7.49%), and Virginia (6.01%). Wells Fargo Home Mortgage, Inc.

Programs help more blacks get mortgages in Columbia
The State, SC - Oct 2, 2005 White home buyers still are more likely to be approved for mortgages, according to data released through the federal Home Mortgage Disclosure Act.

National business briefs
NorthJersey.com, NJ - 18 hours ago Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.54 percent this week, up from 5.48 percent last week.

Founders of Nationwide Debt Elimination Scheme Charged In Forty
U.S. Newswire (press release), DC - Sep 22, 2005 a debt elimination scheme whereby fraudulent documents are recorded as part of the title of their clients' properties, causing home mortgage and equity loans

Home Equity News - Congressional auditors recommend more scrutiny of federal tax breaks


Congressional auditors recommend more scrutiny of federal tax breaks
SignOn San Diego - By Mary Dalrymple ASSOCIATED PRESS 2:33 p.m. for employer-provided medical insurance, home mortgage interest, retirement savings, charitable deductions and

'A bit of a bubble': High-end homes seen overpriced
Boston Herald - By Associated PressFriday, September 30, 2005Prices for luxury homes in hot housing markets like Boston's will likely decline over thefew years, the head of home mortgage buyer Freddie Mac said yesterday.

Katrina brings financial plight to focus
Boston Globe - have never used an ATM machine or applied for a home mortgage. Often, they turn to storefront payday lenders, which

Carteret Mortgage Loan Officer- (Home Equity News) Home Mortgage Loans


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Home Equity News - Jitters make for another rough day


Jitters make for another rough day
Star Tribune - Those looking for signs of a slowdown are finding them. Home equity lending at banks has slowed from a peak rate of $2

VeriSign Acquires Weblogs.com for $2.3M
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Credit-card bills fill past-due pile
Seattle Times - WASHINGTON Charge it! That familiar refrain is producing an unwanted response for more Americans: Your bill is overdue! These rates are used for many short-term consumer loans, including credit cards and home-equity lines of credit

IMF Praises Brazil's Economic Performance
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Home Equity News - Wells Fargo - Home Equity Financing


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Home Equity News - Books offer advice on securing a home mortgage


Books offer advice on securing a home mortgage
Akron Beacon Journal, OH - Sep 27, 2005 If you believe what the television ads have to say, shopping for a home mortgage is an easy and simple process. But that's hardly the case.

Fed chief keeps eye on housing
Kansas City Star, MO - Oct 4, 2005 Indeed, new data developed by Greenspan and Fed staffers suggests that four-fifths of the recent rise in home mortgage debt is associated with a decision to

Minorities found to pay high mortgage rates
Toledo Blade, OH - Sep 30, 2005 high-cost loan. The study used figures reported under the Home Mortgage Disclosure Act by 18 Toledo-area lenders. ACORN said those

Excepts from speech
Contra Costa Times, CA - Sep 28, 2005 June of this year. Home mortgage debt linked to these structures has risen at a somewhat faster rate. This enormous increase in

American Home Mortgage Investment Corp. to Present at the Lehman
PR Newswire (press release), NY - Sep 8, 2005 MELVILLE, NY, Sept. 8 /PRNewswire-FirstCall/ -- American Home Mortgage Investment Corp. (NYSE: AHM), a mortgage real estate investment

Home Equity Loans & Home Equity Loan Rates (Home Equity News) - Refinance Mortgage


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Thursday, October 06, 2005

Nationwide Bancorp - Mortgage loans and low rates (Home Equity News) in State


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Home Equity Loan - Forbes.com: (Home Equity News)


Home Equity Loan - Forbes.com:
Home Equity Loan - Unlike other forms of consumer credit such as auto loans or credit cards, the interest on a Home Equity Loan is usually tax-deductible

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Refinance Mortgage Tools and Info Get a (Home Equity News) free Mortgage


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How to help (Home Equity News) hurricane victims


How to help hurricane victims
WISinfo - Oct 01 2:05 AM
The Salvation Army of Wisconsin and Upper Michigan are collecting funds. Checks to Hurricane Katrina disaster relief can be mailed to 11315 W. Watertown Plank Road, Wauwatosa, WI 53226; or made online at www.salvation armywi.org .Save to My Web

Programs help more blacks get mortgages in Columbia
The State - Oct 02 12:35 AM
Mattie Haynes likes decorating her dining room with the flowers she planted in front of her new home.Her husband, Roland, likes sitting on the porch and hearing the nearby rumblings of a high school marching band that break through the silence of their Edgewood Place neighborhood.Save to My Web

Households banking on their savings
News Interactive - Oct 05 4:08 PM
THE financial outlook for Australian households is brighter than it was two years ago, with debt reduction and saving cash becoming higher priorities.Save to My Web

Home Equity News - Banks eye $300b in home equity


Banks eye $300b in home equity
Brisbane Courier Mail, Australia - Sep 20, 2005 THE major banks are poised to make a grab for the $300 billion locked up in home equity, with a battle for reverse mortgages. Bank

Balancing pluses, minuses
Kansas City Star, MO - Oct 2, 2005 Using a home equity loan for college costs that exceed the trust s distribution and the student loans that Murphy and Liz can get at favorable interest

The purchasing power of home equity
Quad-Cities Online, IL - Sep 15, 2005 Members of Congress have 45 days to either disallow all the Base Closure and Realignment Commission's recommendations, which would cost more than 1,400 Rock

Wednesday, October 05, 2005

Home Equity News - FirstHomeSecrets.com Get up to $50,000 in Free Money to buy


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Russian shipping company attracts (Home Equity News) $325mln from foreign banks


Russian shipping company attracts $325mln from foreign banks
Russian Information Agency Novosti - Oct 04 12:59 AM
MOSCOW, October 4 (RIA Novosti) - State-owned Russian shipping company Sovkomflot has attracted $325 million from a syndicate of foreign banks, the company press service said Tuesday.Save to My Web

LOAN LANDSLIDE ON SHAKY SOIl
San Jose Mercury News - Oct 04 3:26 AM
Elizabeth and Josh Ramirez checked off several items on their wish list when they sold their Cambrian home and bought a house in Los Gatos in May. An extra room for a baby due in October. A location that shaves 15 minutes off their commute. A better public school district that spares them from saving for private school.Save to My Web

Clash possible on new EU chemicals law
BusinessWeek - Oct 04 12:58 PM
OCT. 4 12:52 P.M. ET Environmentalists claimed victory in a key European Parliament vote on a new chemicals law Tuesday, paving the way for a clash with pro-business groups at a full legislative ballot next month.Save to My Web

California treasurer warns against more borrowing (Home Equity News)


California treasurer warns against more borrowing
San Francisco Chronicle - Schwarzenegger and the Legislature used the tactic to refinance a general fund deficit, much of which was generated

Danielle DiMartino:Unclear on the homebuying concept
Dallas Morning News - warnings: 'The big story in 2006 will be people losing their ability to refinance their homes and how the economy reacts

Asia Debt - International issuance activity=3
Yahoo! - had set up multi-currency revolving debt facilities worth up to $500 million to refinance debt and fund working capital.

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Tuesday, October 04, 2005

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Home Equity News - Gibraltar Completes Acquisition of Alabama Metal Industries


Gibraltar Completes Acquisition of Alabama Metal Industries
Business Wire (press release), CA - 22 hours ago $300 million. The Company intends to refinance these borrowings with longer-term debt offerings in the capital markets. Currently

UK mortgage equity withdrawal rises in Q2
Reuters - 9 hours ago Sharply rising house prices in the last few years have encouraged a trend where Britons refinance their mortgages to extract cash which many economists say has

HOUSING BUBBLE DIFFERENT NOW
Free Market News Network, FL - Oct 3, 2005 lost money. Even when they figure it out, they will assume they can refinance or just sell the house if they lose their jobs. The

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Moody 's Corporation Completes $300 Million Private Placement of Senior Unsecured Notes
BZ-Berlin - of theSeries 2005-1 Notes were used to refinance $300 million aggregateprincipal amount of the Company's outstanding

California: Treasurer warns against more borrowing
SignOn San Diego - By Tom Chorneau ASSOCIATED PRESS 3:35 p.m. Schwarzenegger and the Legislature used the tactic to refinance a general fund deficit, much of which was generated

AJ's fire district seeking $9.5 million in bonds
Arizona Republic - For the first time since 1984, the Apache Junction Fire District will be asking voters to approve a general obligation bond. campus, improve the district's 800 megahertz communications infrastructure and refinance $3.9 million in existing debt

Home Equity News - Mortgage Refinance


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Banks eye $300b in home (Home Equity News) equity


Banks eye $300b in home equity
Brisbane Courier Mail, Australia - Sep 20, 2005 THE major banks are poised to make a grab for the $300 billion locked up in home equity, with a battle for reverse mortgages. Bank

Habitat's wrong turn on housing
News & Observer, NC - 13 hours ago Since home equity is the largest investment of most American families, families with no equity have little chance of riding the social escalator that has taken

Over-leveraged homeowners spark Fed concern
World Peace Herald, DC - Sep 27, 2005 nationwide from $8 trillion in 1995, also accounts for much of the strength in consumer spending, as homeowners tap into their rising home equity to finance

Home equity loans for emergencies
Pioneer Press, MN - Sep 30, 2005 BY JEFF BROWN. Q. A friend of mine recently paid his bills during several months of unemployment by drawing on a home equity line of credit.

Seniors Not Getting The Whole Story on Mortgages
SeniorJournal.com, TX - Sep 26, 2005 money. It can continue to grow tax-deferred. I only recommend this strategy as long as there remains at least 25% home-equity. Also

Monday, October 03, 2005

Freddie Mac Chief: High-End Home Prices Likely to Dip (Home Equity News)


Freddie Mac Chief: High-End Home Prices Likely to Dip
Fox News - Sep 29 12:13 PM
Prices for luxury homes in hot housing markets will likely decline over the next few years, Freddie Mac's CEO said

Book's 20 questions a good source of basics
The Charlotte Observer - Sep 30 11:22 PM
20 QUESTIONS TO ASK BEFORE BUYING A HOME By Connie and Ronald Price

Fixed mortgage rates on the rise
Stuff - Sep 28 10:17 AM
Fixed home mortgage rates are heading above 8 per cent, even before the Reserve Bank increases interest rates, which is increasingly expected next month, and perhaps again in December.

Exxon Mobil Awarded Libyan (Home Equity News) Contract


Exxon Mobil Awarded Libyan Contract
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California: Treasurer warns against more borrowing
SignOn San Diego - By Tom Chorneau ASSOCIATED PRESS 3:35 p.m. Schwarzenegger and the Legislature used the tactic to refinance a general fund deficit, much of which was generated

ShopKo Gets Competing Takeover Offer
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AJ's fire district seeking $9.5 million in bonds
Arizona Republic - For the first time since 1984, the Apache Junction Fire District will be asking voters to approve a general obligation bond. campus, improve the district's 800 megahertz communications infrastructure and refinance $3.9 million in existing debt

Bubble likely to burst in high-end home (Home Equity News) prices


Bubble likely to burst in high-end home prices
The MetroWest Daily News - Sep 29 9:24 PM
OSTON -- Prices for luxury homes in hot housing markets like Boston's will likely decline over the next few years, the head of home mortgage buyer Freddie Mac said yesterday.

Fitch Rates $636.3MM RALI Mtge Asset-Backed P-T Ctfs, Series 2005-QS13
[Press Release] Business Wire via Yahoo! Finance - Sep 30 7:34 AM
Fitch rates Residential Accredit Loans, Inc. mortgage pass-through certificates, series 2005-QS13, as follows:

BOTTOM LINE
Asbury Park Press - Sep 30 2:18 AM
Mortgage giant Freddie Mac reported Thursday that the nationwide average for 30-year fixed-rate mortgages rose this week to 5.91 percent from 5.80 percent last week.

Bush's Tax-Simplification Plan Pushed Back
AP via Yahoo! News - Sep 30 3:18 PM
A White House commission that's supposed to recommend ways to make income taxes fairer and simpler has been given another extension to finish its work.

Fixed mortgage rates on the rise
Stuff - Sep 28 10:17 AM
Fixed home mortgage rates are heading above 8 per cent, even before the Reserve Bank increases interest rates, which is increasingly expected next month, and perhaps again in December.

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Home Equity News - DAVID MYERS: It's not uncommon to lease the land a home is built on


DAVID MYERS: It's not uncommon to lease the land a home is built on
Detroit Free Press - Oct 03 3:24 AM
Dear David: We purchased a new home in August, but we do not own the land that is underneath it. Instead, the land is still owned by the development company, and we have a 99-year "ground lease."

Bruss: Unless you're rich, limit down payment to 20 percent
The Tucson Citizen - Sep 30 7:00 AM
Question: You recently suggested paying no more than a 20 percent cash down payment and never paying all cash for a house or condo. The reason you gave is unforeseen circumstances, such as finding the condo association is broke or you bought near a toxic dump.

Layne completes purchase of Indiana company
The Business Journal of Kansas City - Sep 30 6:54 AM
Layne Christensen Co. has closed on its purchase of Reynolds Inc. for $112 million in cash and stock.

Asia Debt - International issuance activity=5
Reuters via Yahoo! Asia News - Oct 02 9:37 PM
* -- ASIA OPTICAL CO. INC.'s offshore unit is looking to raise a $100 million term loan and three banks are bidding for the deal, Basis Point said.

Conservatives not thrilled by Miers
MSNBC - 1 hour, 19 minutes ago
Some conservative supporters of President Bush voiced chagrin that he has chosen Harriet Miers to serve on the Supreme Court. Will the nomination of Miers alienate Bush's conservative base?

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Blacks stuck with more high-interest loans
The News Journal, DE - Oct 2, 2005 Black homeowners, such as Brown, are twice as likely as whites to pay high interest rates on their refinance loans and three times more likely to borrow from

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New Day Trust Mortgage Launches Extensive Client Care Program in
Emediawire (press release), WA - Oct 1, 2005 New Day Trust Mortgage, an Irvine-based and California-licensed brokerage specializing in home purchase, refinance and debt consolidation loans, has unveiled a

Fitch Rates $636.3MM RALI Mtge Asset-Backed PT Ctfs, Series 2005
Business Wire (press release), CA - Sep 30, 2005 Equity refinance loans account for 40.09%, and second homes account for 3.02%. Equity refinance loans account for 40.15%, and second homes account for 3.54%.

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Florida Today, FL - Sep 17, 2005 Why does that matter? Because the more home equity Americans tap now, the less they'll have in reserve for retirement or for emergencies.

Home Equity Income Trust Announces Equity Issuance of $15,015,000
CCNMatthews (press release), Canada - Sep 29, 2005 Home Equity Income Trust (TSX:HEQ.UN) today announced that that it has agreed to sell 1,100,000 Units for $13.65 per Unit for aggregate gross proceeds of

Owners cash in on home equity
Baltimore Sun, United States - Sep 11, 2005 Experts credit home equity loans and other methods of tapping rising home values for fueling the nation's economic growth. Also, additional

Sunday, October 02, 2005

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Boston Herald - By Associated PressFriday, September 30, 2005Prices for luxury homes in hot housing markets like Boston's will likely decline over thefew years, the head of home mortgage buyer Freddie Mac said yesterday.

High-end housing bubble likely to pop in hot markets
USA Today - BOSTON - Prices for luxury homes in hot housing markets will likely decline over the next few years, the head of home mortgage buyer Freddie Mac said Thursday. But Freddie Mac Chairman and Chief Executive Richard F.

Rates on 30-year mortgages rise to the highest level in five months
AP via Florida Times-Union - rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.48 percent this week, up from 5.37 percent

Fed: Minorities pay more for housing loans
USA Today - WASHINGTON - Minorities are far more likely than whites to take out higher-priced loans to buy or refinance a home and are denied loans more often. Glenn Canner and Robert Cook say in their study of Home Mortgage Disclosure Act (HMDA) data that more than two-thirds of

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