Saturday, September 24, 2005

Home Mortgage - Mortgage debt a liability to U.S., Greenspan says


Mortgage debt a liability to U.S., Greenspan says
Star Tribune - whole and in the end could seriously diminish the availability of home mortgage funds,' Greenspan said.The letter to Sen

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

Business: Rates on 30-year mortgages rise again
SignOn San Diego - By Martin Crutsinger ASSOCIATED PRESS 11:15 a.m. rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.37 percent this week, up from 5.32 percent

Greenspan raises debt concerns
SignOn San Diego - system as a whole and in the end could seriously diminish the availability of home mortgage funds,' Greenspan said

Greenspan still wary about mortgage giants
St. Petersburg Times - system as a whole and in the end could seriously diminish the availability of home mortgage funds,' Greenspan said

Real Estate Mailbag (Home Mortgage)


Real Estate Mailbag
Washington Post, United States - Sep 9, 2005 If you expect to stay in your home less than five years, an interest-only mortgage keeps your monthly payments at fully tax-deductible rock bottom.

Resist taking a risky mortgage
Miami Herald, FL - Aug 28, 2005 My husband says we might consider an interest-only mortgage (a complete refinance), but I'm concerned about that type of mortgage.

Greenspan is finally raising red flags
Dallas Morning News (subscription), TX - Aug 27, 2005 finance the risk. Think of a condo investor who holds an interest-only mortgage and is under water from Day One. This person is

Firefighter's intown dream
Atlanta Journal Constitution (subscription), GA - Aug 26, 2005 Mark Scott, vice president of marketing for Atlanta-based HomeBanc Mortgage, said 67 percent of his consumers use interest-only mortgage loans to buy homes.

Is an interest only mortgage a good or bad deal?
SouthCoastToday.com, MA - Sep 16, 2005 By Robert J. Bruss, Inman News. DEAR BOB: What is an "interest only" mortgage? We have a 4.875 percent adjustable-rate home loan, but

Daily Policy (Home Mortgage) Digest


Daily Policy Digest
National Center for Policy Analysis, France - Sep 19, 2005 NIPA. Since 1984, mortgage debt as a percent of housing assets has risen about 50 percent, with non-mortgage debt rising as well.

Why this Fed meeting matters
Bankrate.com - Sep 16, 2005 ratchet higher. Most affected have been consumers with home equity lines of credit or credit card or adjustable-rate mortgage debt. On

Katrina's fallout for retailers
MarketWatch - Sep 2, 2005 not only face a surge in gasoline and heating costs, but also higher interest payments from record levels of credit card, home equity loans, and mortgage debt.

House takes more of income than ever
Monterey County Herald, CA - Aug 29, 2005 ''If they don't buy a house now, they think they never will.''. If their incomes expand as they age, these new homeowners might pay down their mortgage debt.

Keeping Up With Mortgage Payments During Personal Crises a Major
PR Newswire (press release), NY - Sep 16, 2005 Assurant Solutions Research Finds Strong Appeal for Mortgage Debt Protection Programs Among Both Prime and Sub-prime Borrowers ATLANTA, Sept.

(AFX UK Focus) (Home Mortgage) 2005-09-15 11:16 GMT: Short-term economic outlook 'benign,' IMF says


(AFX UK Focus) 2005-09-15 11:16 GMT: Short-term economic outlook 'benign,' IMF says
Interactive Investor - Sep 15 3:46 AM
WASHINGTON (AFX) -- The global financial system is strong and resilient enough to weather any short-term trouble, but longer-term imbalances are brewing, the International Monetary Fund said Thursday.

Brown: Refinancing just for cash creates risks
Corvallis Gazette Times - Sep 13 7:57 PM
Here's a surprising and somewhat disturbing statistic released Wednesday by the Mortgage Bankers Association: Refinancing accounted for a whopping 44.8 percent of all mortgage applications last week.

iStar Financial to Present at the Lehman Brothers 2005 Financial Services Conference
[Press Release] PR Newswire via Yahoo! Finance - Sep 08 4:30 AM
iStar Financial Inc. , the leading publicly traded finance company focused on the commercial real estate industry, will present at the Lehman Brothers 2005 Financial Services Conference in New York City on September 15, 2005 at 10:15 a.m.

RealEstateJournal | Hefty Mortgage Debt: Not Worth the Gamble (Home Mortgage)


RealEstateJournal | Hefty Mortgage Debt: Not Worth the Gamble
Mortgages - Real Estate Journal reports on the latest trends in home loans, including advice on getting the best mortgage rates, considerations for home

Mortgage & Debt Elimination Scams
Quatloos! > General Fraud > Advance Fee Fraud > Mortgage/Debt Elimination. Mortgage Elimination/ Debt Elimination Scams. Do you hate paying your mortgage?

American Mortgage Debt Resolution Inc., Intake Ground Rules / Debt
Before entering a debt management program or filing bankruptcy have an experienced debtor attorney evaluate your situation with an eye toward bankruptcy

FastFind Mortgage - Home Equity Loan, Mortgage Refinancing
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UPDATE 2-San Francisco-area home prices hit new record high (Home Mortgage)


UPDATE 2-San Francisco-area home prices hit new record high
Reuters - turn increasingly to risky adjustable-rate and interest-only mortgage loans with large deferred payments, according to

Homeowners' pain
Telegraph - For the average homeowner with an interest-only mortgage of 120,000 on an SVR they will pay 221 a month more in mortgage

Leeds BS slashes shared ownership mortgage
Mortgage Introducer - The reduction means that, on an average loan of 61,000, a customer will save 488 a year on an interest only mortgage.

Home Mortgage - Republic Bancorp Supports Hurricane Relief Efforts


Republic Bancorp Supports Hurricane Relief Efforts
PR Newswire (press release), NY - Sep 22, 2005 Its subsidiary, Republic Bank, serves customers in Michigan, Ohio and Indiana with 95 retail, commercial and mortgage banking offices and 90 ATMs.

New World Mortgage Continues CF Foundation Support
dBusinessNews Charlotte (press release), NC - Sep 23, 2005 Charlotte - New World Mortgage, Inc. continues its longstanding support of the Charlotte Chapter of the Cystic Fibrosis Foundation (CF) with a $2,500 donation.

State Of Texas Mortgage Broker License
MCOT, Thailand - Sep 22, 2005 ..aught my eye. The headline was "Small Dot-Coms Thrive While Industry Giants Melt Down". Here are the opening paragraphs

Eron Mortgage fraud identifies boomers as vulnerable investors
Brandon Sun, Canada - Sep 20, 2005 VANCOUVER (CP) - The Eron Mortgage fraud in British Columbia exposed a new vulnerable group of investors - baby boomers desperately seeking high returns in an

US mortgage rates unchanged Tuesday - BestInfo
Reuters - Sep 20, 2005 NEW YORK, Sept 20 (Reuters) - The average rate on a 30-year US mortgage with no upfront points was unchanged on Tuesday, leaving the rate at 5-7/8 percent

As time goes by, house or condo remains your best investment (Home Mortgage)


As time goes by, house or condo remains your best investment
Star Tribune - According to the National Association of Realtors, during the past 12 months, the average house or condo appreciated in market value about 15 percent. 20,000 cash down payment and a $180,000 mortgage. According to the National Association of remind us, 'Don't forget those mortgage payments, property taxes and other expenses

Rates on 30-year mortgages rise for second straight week
AP via Florida Times-Union - higher because of worries about inflation. Mortgage giant Freddie Mac reported Thursday that the nationwide prices and overall inflation. ' Mortgage rates look like they are back on

New Century cuts outlook for year, shares drop
Reuters - information) NEW YORK, Sept 23 (Reuters) - Mortgage lender New Century Financial Corp.'s (NEW based company, which focuses on mortgage borrowers with imperfect credit, said the

Mortgage Rates Rise In Back-to-back Weeks
Morningstar.com - In the week through Thursday, the average 30-year rate was 5.8%, up from last week's 5.74% and last year's 5.75%, Freddie Mac (FRE) said. in the immediate weeks following Hurricane Katrina, mortgage rates have now risen in consecutive weeks, back for rates to rise into year-end, the mortgage giant said Thursday

Citigroup Mortgage Loan Trust, Series 2005-OPT4 (0001337804) (Filer)
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Friday, September 23, 2005

Mortgage rates stuck (Home Mortgage) in neutral


Mortgage rates stuck in neutral
Bankrate.com - Sep 16, 2005 The 15-year fixed-rate mortgage rose 5 basis points to 5.44 percent. The 5/1 adjustable-rate mortgage rose 4 basis points to 5.40 percent.

Bankrate: As Gas Prices Rise, Mortgage Rates Fall
PR Newswire (press release), NY - Sep 1, 2005 Adjustable rate mortgages were split, with the average 5/1 adjustable rate mortgage dropping from 5.47 percent to 5.41 percent, while the average one-year ARM

Mortgage rates fall for second straight week
Bankrate.com - Aug 25, 2005 The 15-year fixed-rate mortgage fell 3 basis points to 5.47 percent. The 5/1 adjustable-rate mortgage fell 9 basis points to 5.47 percent.

Home Mortgage - American Mortgage Debt Resolution Inc., Intake Ground Rules / Debt


American Mortgage Debt Resolution Inc., Intake Ground Rules / Debt
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Shelter: Options when facing mortgage debt
You could become homeless if you can't keep up your mortgage repayments. If you ignore the problem it will become more difficult to control your debt and

Bankruptcy Alternatives-FAQ on Debt, Bankruptcy, Foreclosure
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Mortgage, Debt Consolidation, and Loan Information
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NWA's union workers (Home Mortgage) face cuts


NWA's union workers face cuts
Detroit Free Press - Sep 19 12:58 AM
As Northwest Airlines Corp. starts to cut costs through its bankruptcy, the carrier's employees will see their ranks shrink. The airline's pilots already know how many layoffs they will endure, and other unions expect to learn by this week how a reorganized Northwest will affect their members.

LaSalle Hotel Properties "buy," target price raised
New Ratings - Sep 01 7:06 AM
NEW YORK, September 1 (newratings.com) - Analysts at BB&T Capital Markets maintain their "buy" rating on LaSalle Hotel Properties (LHO.NYS), while raising their estimates for the company. The 12-month target price has been raised from $39 to $40.

No simple yes or no on adjustable-rate mortgage
Chicago Tribune - Sep 11 3:37 AM
As home prices accelerate at double-digit rates, many first-time buyers have relied on interest-only or zero-down payment loans in order to afford a home. And though not paying toward principal, buyers have built equity riding the same wave of rising home prices. But how long can this cycle continue?

Refinancing just to get cash a shaky scenario
Republican American - Sep 11 2:04 AM
Refinancing accounted for a whopping 44.8 percent of all mortgage applications last week. Why surprising? Because mortgage rates have been at rock bottom for years. You would think any homeowner who'd taken out a high-rate loan years ago would have refinanced to a lower rate long before now.

Katrina's fury ripples far and wide through US economy
TurkishPress.com - Sep 03 9:57 PM
Could a debilitating slowdown to the world's biggest economy be the final sting in Hurricane Katrina's long and deadly tail? Much of the answer depends on how well US consumers weather the shock of sky-high gasoline prices brought about by Katrina's impact on vital oil installations.

Using HELOC for emergency fund (Home Mortgage)


Using HELOC for emergency fund
Bankrate.com - Sep 12, 2005 If you use the mortgage interest deduction on your taxes, then the relevant comparison is the after-tax cost of your mortgage debt versus the after-tax return

Don't let housing costs ruin retirement plans
Ventura County Star (subscription), CA - Aug 28, 2005 Thanks to today's real estate frenzy, many folks are heading into their 60s with grand remodeling plans, dreams of a second home and heaps of mortgage debt.

Speeding to Economic Armageddon
theTrumpet.com, OK - Sep 21, 2005 surpassed the $2 trillion mark. Mortgage debt (the amount owed on homes) is now more than $7 trillion. All totaled, the $9.5 trillion

Colonial Teams Up With DRA on $1.8B Purchase of CRT Properties
CoStar Group, MD - Aug 26, 2005 press release, the cost to acquire the CRT portfolio is approximately $157 per square foot, and includes the assumption of $369 million of mortgage debt.

Home Mortgage - ECONOMIC REPORT: U.S. Debt Grows 7.3% In Second Quarter


ECONOMIC REPORT: U.S. Debt Grows 7.3% In Second Quarter
Morningstar.com - WASHINGTON (Dow Jones) -- U.S. nonfinancial debt grew at a 7.3% annual rate in the second quarter, the slowest growth in a year, the Federal Reserve reported Wednesday. Household debt grew at a 9.9% rate, with mortgage debt rising 11.5%. Business borrowing increased 8.4%, the fastest in

U.S. debt: Up 7.3% in second quarter
MarketWatch - WASHINGTON (MarketWatch) -- U.S. nonfinancial debt grew at a 7.3% annual rate in the second quarter, the slowest growth in a year, the Federal Reserve reported Wednesday. Household debt grew at a 9.9% rate, with mortgage debt rising 11.5%. Business borrowing increased 8.4%, the fastest in

Colonial Properties acquires Dallas buildings in $1.8B deal
Dallas Business Journal - Colonial Properties Trust, in a joint venture with DRA Advisors L.L.C., plans to buy CRT Properties Inc. in a $1.8 billion deal. the third quarter, includes the assumption of $369 million in mortgage debt. The joint venture also expects to place a

colorado mortgage negative amortization mortgage (Home Mortgage)


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Michael Williams -- Master of None: July 11, 2004 - July 17, 2004
With a negative amortization mortgage your monthly payment on the same size loan could be $1200 instead of $2000, but each month the entire $1200 would go

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Michael Williams -- Master of None: Negative Amortization Mortgages
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Mortgage | Option ARM | Interest Only loan
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Mortgage rates (Home Mortgage) continue to climb


Mortgage rates continue to climb
BizJournals - Sep 22 2:01 PM
Mortgage rates rose for the second consecutive week, according to Freddie Mac's weekly report.

Fitch Upgrades 1 Class of Chase Commercial Mortgage Securities 2000-3
[Press Release] Business Wire via Yahoo! Finance - Sep 21 9:01 AM
Fitch upgrades Chase Commercial Mortgage Finance Corp., commercial mortgage pass-through certificates, series 2000-3, as follows:

Weekly Home Mortgage Rates
AP via Yahoo! News - Sep 21 12:25 PM
Weekly Home Mortgage Rates

Weekly Home Mortgage Rates
The Herald-Sun - Sep 21 12:41 PM
Average mortgage rates for single-family homes in the 10 largest metropolitan areas as of September 21, as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent of the value of the house. A point is a one-time fee equaling one percent of mortgage.

MarketScan Mortgage Industry Scorecard Finds Brand Name Banks Losing Real Estate Online
[Press Release] PR Web - Sep 22 1:16 PM
Wells Fargo, Chase, Bank One, HSBC and Citibank, losing online value to smaller, local mortgage brokers and shopping sites. [PRWEB Sep 22, 2005]

Home Mortgage - Mortgage rates, CD rates, auto loans, credit cards, mortgages and more


Mortgage rates, CD rates, auto loans, credit cards, mortgages and more
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Mortgage Rates : Home Loans : Real Estate Investment Loans
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Thursday, September 22, 2005

Home Mortgage - Slowdown in hot housing market could spell trouble for vulnerable homeowners


Slowdown in hot housing market could spell trouble for vulnerable homeowners
San Diego Daily Transcript via Yahoo! News - Sep 06 5:37 PM
WASHINGTON -- The nation's red-hot housing market may finally be nearing its peak, meaning the end of double-digit annual percentage price gains for homeowners and potential trouble for more recent purchasers who stretched to buy.

Picking mortgage is part of overall financial plan
The Philadelphia Inquirer - Aug 27 6:35 PM
So you're ready to buy a home. Let's focus on first things first: Be sure that you have a good overview of your financial health -- and don't think of your mortgage separately.

Money Q&A: Resist taking a risky mortgage
Miami Herald - Aug 28 12:15 AM
Q: My husband and I have owned our home for 18 years. We have refinanced a couple of times to take equity money out for various reasons. We owe $150,000 at a 5.5 percent annual percentage rate. There is a ton of built-up equity, and it grows every month. We think the house is worth about $425,000.

No quick fix for debt
InsideBayArea - Sep 09 6:51 AM
Q:WE OWE $136,000 on our house, which we purchased in March 2004, and have a 30-year fixed mortgage rate of 5.25 percent. Our mortgage payment is only $967.

Housing slowdown could spell trouble
Tallahassee Democrat - Sep 05 6:26 PM
WASHINGTON - The nation's red-hot housing market may finally be nearing its peak, meaning the end of double-digit annual percentage price gains for homeowners and potential trouble for more recent purchasers who stretched to buy.

Refinance Mortgage (Home Mortgage)


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Countrywide - Refinance Home Loans
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Refinancing calculator -- Should you refinance your mortgage?
Refinancing calculator: This refinance calculator will figure whether it's worth chasing a lower interest rate and refinancing your mortgage.

Debt Consolidation (Home Mortgage)


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FRB: Speech, Greenspan--The mortgage market and consumer debt
and presumably mortgage debt extensions on new homes do as well, increases in home mortgage debt will slow. Outright declines in mortgage debt seem most unlikely. Home mortgage debt has increased

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MSN Money - Prepaying your mortgage can still pay off (Home Mortgage)


MSN Money - Prepaying your mortgage can still pay off
With mortgage rates so low, you don't hear much about prepayment. Still, some borrowers can benefit by paying down debt. See if you're one of them. ... are some instances where borrowers can benefit by paying down mortgage debt, despite the relatively low cost ... greater return by paying down mortgage debt than by investing in other ...

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Taxes & the Homeowner
Taxes & the Homeowner. Deducting mortgage interest. When you buy a home, a major benefit is the tax savings you receive from the mortgage interest tax deduction. ... qualify for the full mortgage interest deduction, total mortgage debt from these first two categories cannot exceed $1 ...

EconPapers: Debt Usage and Mortgage Choice: Sensitivity to Default Insurance Costs
... While some have analyzed the mortgage debt decision and the ARM/FRM choice, virtually no one ... mortgage choice or the interrelation among the mortgage debt and instrument decisions ...

Home Mortgage - Calculated Risk: Mortgage Debt and the Trade Deficit


Calculated Risk: Mortgage Debt and the Trade Deficit
Politics and Economics. Monday, March 14, 2005. Mortgage Debt and the Trade Deficit ... I will use the annual increase in mortgage debt as a measure of the money flowing into the ... of the annual Increase in Mortgage Debt vs. the Increase in GDP ...

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Fitch Rates CWMBS $986.5 (Home Mortgage) MM Mortgage PT Ctfs Series 2005-21


Fitch Rates CWMBS $986.5 MM Mortgage PT Ctfs Series 2005-21
Business Wire (press release), CA - Aug 30, 2005 Loan group 2 consists of 30-year fixed-rate interest only mortgage loans totaling $147,476,858, as of the cut-off date, secured by first liens on one- to four

Badmouthing the Bubble
Motley Fool - Sep 2, 2005 Sure, I got a couple more protests, including one from a banker who claimed her employer did not offer interest-only mortgage ARMs -- a claim I could confirm

Real Estate Mailbag
Washington Post, United States - Sep 9, 2005 If you expect to stay in your home less than five years, an interest-only mortgage keeps your monthly payments at fully tax-deductible rock bottom.

Good News, Bad News: Your Loan Is Approved
TheDay (subscription), CT - Sep 2, 2005 the National Association of Realtors. For Gardner in Reno, the interest-only mortgage was essential. The total monthly payment of

3 borrowing misconceptions
Bankrate.com - Sep 12, 2005 and why they are off-base. This line is often used to justify the choice of an interest-only mortgage. But this is debunked solely

Is an 'interest-only' mortgage a wise choice? (Home Mortgage)


Is an 'interest-only' mortgage a wise choice?
Inman - DEAR BOB: What is an 'interest only' mortgage? We have a 4.875 percent adjustable-rate home less than five years, an interest-only mortgage keeps your monthly payments

No Money Down! A Lifetime to Pay!
City Pages - Volume 26 - Issue 1292 - Cover Story - September 7, 2005 The interest-only mortgage? You might as well kill yourself now--that's suicide. There's a six-month, a three-year, and a ten-year. The ten-year has the highest rate.

UPDATE 2-San Francisco-area home prices hit new record high
Reuters - turn increasingly to risky adjustable-rate and interest-only mortgage loans with large deferred payments, according to

Greenspan sees risks
CNN - worry that the use of non-traditional financing like interest-only mortgage loans could lead to sharp decline in home

Resist taking a risky mortgage
GrandForksHerald.com - My husband says we might consider an interest-only mortgage (a complete refinance), but I'm concerned about that type of

Home Mortgage - Refinance Auto Loan | Car Loan Refinance


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SSRN-Incentives to Borrow and the Demand for Mortgage Debt: An Analysis of Tax Reforms by Tullio Jappelli, Luigi ... (Home Mortgage)


SSRN-Incentives to Borrow and the Demand for Mortgage Debt: An Analysis of Tax Reforms by Tullio Jappelli, Luigi ...
... Incentives to Borrow and the Demand for Mortgage Debt: An Analysis of Tax Reforms ... have not affected the demand for mortgage debt, either at the extensive or intensive margin ...

Commercial Mortgage Debt Ratios
Commercial Mortgage Debt Ratios

Is big mortgage debt a threat? | The San Diego Union-Tribune
SignOnSanDiego.com, San Diego's city guide to arts and entertainment activities, events, bars, restaurants, hotels, shopping plus news, sports, classifieds and visitor info. ... Lenders here and around the country have allowed mortgage debt to grow as consumers have stretched their budgets to keep ...

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RUSAL Completes Placement of Third Corporate Bond Issue (Home Mortgage)


RUSAL Completes Placement of Third Corporate Bond Issue
Russia Newswire (press release), Russia - Sep 21, 2005 The funds raised through the bond issue will be used for the working capital requirements of RUSAL, primarily, to refinance existing debt.

Stelco forges a deal on refinancing plan
Globe and Mail, Canada - Sep 21, 2005 The plan to refinance Stelco, bearing support from the government and almost certainly the United Steelworkers union, is a breakthrough after a 20-month roller

Canlan enters agreement to refinance long term debt
CNW Telbec (Communiqu s de presse), Canada - Sep 13, 2005 VANCOUVER, Sept. 13 /CNW/ - Canlan Ice Sports Corp. announced today that it has entered into a commitment letter with HSBC Bank

Sacyr Vallehermoso hopes to refinance 1.3 bln eur in debt by year
Forbes - Sep 8, 2005 MADRID (AFX) - Sacyr Vallehermoso SA hopes to reach an agreement with creditors to refinance some 1.3 bln eur debt by year-end, a spokesman said, commenting on

Return to Publication (Home Mortgage)


Return to Publication
Howell Tri Town News - Sep 07 5:54 PM
BRICK FAIR HAVEN MIDDLETOWN SEA BRIGHT $1,500,000 BUY FOR $1687/MO $439,900 BUY FOR $2683/MO $699,900 BUY FOR $1032/MO $269,000 NYC BY DAY UNWIND BY THE SHORE AT PERFECT FOR ENTERTAINING Wonderful THE GLADYS TAYLOR HOME Wonderful Charming 3 bdrm. Ranch complete with white NIGHT Ocean and river views.

No simple yes or no on adjustable-rate mortgage
Chicago Tribune - Sep 11 3:37 AM
As home prices accelerate at double-digit rates, many first-time buyers have relied on interest-only or zero-down payment loans in order to afford a home. And though not paying toward principal, buyers have built equity riding the same wave of rising home prices. But how long can this cycle continue?

Return to Publication
Howell Tri Town News - Sep 07 5:54 PM
BERKELEY MANALAPAN TWP. $3,200,000 MARLBORO OLD BRIDGE BUY FOR $805/MO. $209,900 ADULT COMMUNITY Well maintained and neutral this Yorkshire model has much to offer. 2 bedroom 2 bath. Cozy den/TV room. Open spacious floor plan.

Interest-only loans can prove painful
Atlanta Journal-Constitution - Aug 26 4:24 PM
One of the questions posed repeatedly by consumers these days is, "What should I do about my adjustable rate mortgage?" With interest rates gradually going up and the numbers of homeowners who have these types of mortgages growing, it's no wonder I'm being asked about it more and more.

Rising cost of debt much more dangerous
Chicago Sun-Times - Sep 19 12:51 AM
For years, even through the terrorist attacks in September 2001, consumer spending has continued to rise. Interest rates remained low, and credit has been easily available. Home prices soared. Debt -- and leverage through debt -- became an accepted way of life. Savings disappeared.

Home Mortgage - Gazprom agrees record $12 bln loan with banks


Gazprom agrees record $12 bln loan with banks
Reuters - Gazprom has got the money, the loan is underwritten and the deal is circled,' a banker close to the deal told Loan Pricing Corporation, Reuters syndicated loans unit. are also expected to play leading roles in Gazprom's planned multibillion bond issue that will partly refinance the loan

Hurricane brought financial disparities into focus; NAACP urges freeze on foreclosures
AP via Florida Times-Union - lenders pressure homeowners into high-interest loans to refinance mortgages, home equity loans or home repair loans that

Equity: Nobody's secret anymore
Arizona Republic - fence, asking where you got the money for that fab new landscape. Did you refinance? Wow, and how much did you get

Stelco forges a deal on refinancing plan
Globe and Mail - The plan to refinance Stelco, bearing support from the government and almost certainly the United Steelworkers union, is

Wednesday, September 21, 2005

Home Mortgage - Evaluating an Adjustable Rate Mortgage (ARM)


Evaluating an Adjustable Rate Mortgage (ARM)
Some ARMs are gaining popularity again now that mortgage rates are climbing upwards a bit. Get the FAQ about Adjustable Rate Mortgages before you shop for a home loan....

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Home Mortgage - Statement by CBA President on HMDA Data Release


Statement by CBA President on HMDA Data Release
[Press Release] PR Newswire via Yahoo! Finance - Sep 13 2:39 PM
Consumer Bankers Association President Joe Belew released the following statement today on the release by federal banking agencies of 2004 Home Mortgage Disclosure Act data and analysis:

Tycoon in the making
CNN Money - Sep 21 6:57 AM
Although still a comparative youngster at 32 years old, Jaz Wray has already lived in dozens of homes around the country and even internationally, from New Jersey to Brazil.

Greenspan Renews Mortgage Giant Concerns
AP via Yahoo! News - Sep 15 8:43 AM
The multibillion-dollar holdings of mortgage giants Fannie Mae and Freddie Mac need to be reduced because their huge debt raises a potential danger to the U.S. financial system, Federal Reserve Chairman Alan Greenspan says.

Wells Fargo says race not factor in mortgages
Billings Gazette - Sep 13 11:50 PM
LAS VEGAS, Nevada - Wells Fargo & Co. is charging higher home mortgage loans interest rates to blacks and Hispanics than to whites in Nevada and Las Vegas, according to ACORN, a community activist group.

Homeowners swim against the rising rate tide
Miami Herald - Sep 18 12:27 AM
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Washington Post - Sep 20 11:38 PM
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For about an hour and a half yesterday, Republicans had a new tax-cut policy.

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Mortgage fraud probe nets lawyer
Atlanta Journal-Constitution - Sep 19 2:24 AM
A mortgage fraud investigation has snagged a prominent Savannah attorney, police said. Constance Thomas, 52, of Savannah, has turned herself into Gwinnett County police on a charge of theft by taking, police spokesman Darren Moloney said.

Michigan, Ohio exceed U.S. rate in mortgage ills
Toledo Blade - Sep 20 3:43 AM
Ohio's level of seriously delinquent payments on mortgages and its proportion of loans newly in foreclosure in the second quarter were twice the country's averages.

Eron Mortgage fraud identifies boomers as vulnerable investors, study says
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VANCOUVER (CP) - The Eron Mortgage fraud in British Columbia exposed a new vulnerable group of investors - baby boomers desperately seeking high returns in an attempt to build a retirement nest egg, according to a study of the scam that bilked millions from investors.

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Hanson: When in debt, don't look for a quick fix
The MetroWest Daily News - Sep 11 9:32 PM
Q UESTION: We owe $136,000 on our house, which we purchased in March 2004, and have a 30-year fixed mortgage rate of 5.25 percent. Our mortgage payment is only $967.

Is an interest only mortgage a good or bad deal?: 9/ 17/ 2005
South Coast Today - Sep 16 10:34 PM
Is an interest only mortgage a good or bad deal? DEAR BOB: What is an "interest only" mortgage? We have a 4.875 percent adjustable-rate home loan, but another bank offers 4.25 percent "interest only." Is this a good or bad deal? -- Vincent P.

Picking mortgage is part of overall financial plan
San Jose Mercury News - Aug 27 3:29 AM
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CNN Money - Sep 15 9:07 AM
Mortgage rates rose slightly this week but took a wait-and-see attitude ahead of the upcoming Federal Reserve meeting, a Freddie Mac survey said.

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US banks, thrifts 2nd-qtr profit down from record (Home Mortgage)


US banks, thrifts 2nd-qtr profit down from record
Reuters - Aug 25, 2005 books may have led to some relaxation in lending standards, and the FDIC was watching banks' underwriting of hybrid and negative amortization mortgage products

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Hedge Funds Seen Moving Into New Orleans Property Market
Dow Jones via iWon - of raising a fund to invest specifically in distressed mortgage debt in the region says there is plenty of competition

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Hurricane likely to (Home Mortgage) sustain mortgage-rate descent


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bizjournals.com via Yahoo! Finance - Sep 01 10:06 AM
Mortgage rates fell for the third consecutive week, and Freddie Mac predicts the economic impact from Hurricane Katrina will drive rates even lower.

Housing Slowdown Could Spell Trouble
WJLA-TV Washington D.C. - Sep 05 12:08 PM
Washington (AP) - The nation's red-hot housing market may finally be nearing its peak, meaning the end of double-digit annual percentage price gains for homeowners and potential trouble for more recent purchasers who stretched to buy.That's the assessment of economists, who concede they have been forecasting a cooldown in housing for some time only to be confounded as sales and prices continued

HomeBanc Corp. Announces Completion of Public Offering of Approximately $1.089 Billion of Mortgage Backed Securities
[Press Release] PR Newswire via Yahoo! Finance - Aug 31 6:55 AM
HomeBanc Corp. announced today the completion on August 30, 2005, of a public offering through HomeBanc Mortgage Trust 2005-4 of approximately $1.089 billion of sequential-pay notes backed by adjustable rate, residential first and second mortgage loans.

Bank eyes new mortgage plans (Home Mortgage)


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Shanghai Daily, China - Sep 14, 2005 HANGZHOU City Commercial Bank is considering allowing some of its customers to pay back individual mortgage loans on an annual or quarterly basis as it hopes

Adjustable mortgages depend on timing
Asbury Park Press, NJ - 14 hours ago Tonquin Stovall usually begins with a question to determine what type mortgage fits a consumer best. "I usually ask, "How long are

SunTrust Mortgage Signs Two Leases
Commercial Property News - Sep 16, 2005 SunTrust Mortgage Inc., the Atlanta-based lending subsidiary of SunTrust Banks Inc., has inked leases for two loan offices in deals arranged by Sutton &

A review of economic statistics this week
National Post, Canada - 2 hours ago Canada Mortgage and Housing Corp. says the annual rate of housing starts was 201,000 units in August, down from 242,600 units in

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Michael Williams -- Master of None: Negative Amortization Mortgages (Home Mortgage)


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Home Mortgage - Keeping Up With Mortgage Payments During Personal Crises a Major Concern Among Many Homeowners, Study Shows


Keeping Up With Mortgage Payments During Personal Crises a Major Concern Among Many Homeowners, Study Shows
[Press Release] PR Newswire via Yahoo! Finance - Sep 16 7:31 AM
A new study shows that many consumers believe they are not prepared to deal with "trigger" financial problems that could affect their ability to keep up with home mortgage payments and living expenses.

American Home Mortgage Investment Corp. to Participate in Mortgage REIT Panel at the RBC Capital Markets 2005 Financial
[Press Release] PR Newswire via Yahoo! Finance - Sep 12 1:10 PM
American Home Mortgage Investment Corp. announced today that Michael Strauss, Chairman and CEO, is scheduled to participate in a Mortgage REIT panel on Tuesday, September 20, 2005 at 1:45 p.m.

Rising equity rates limit homeowners
The Burlington Free Press - Sep 16 2:55 AM
NEW YORK -- For James and Kim Merly, the home equity line of credit came in very handy -- it helped pay for their son's college education, a car and renovations of two rental properties.

Greenspan Renews Mortgage Giant Concerns
AP via Yahoo! News - Sep 15 8:43 AM
The multibillion-dollar holdings of mortgage giants Fannie Mae and Freddie Mac need to be reduced because their huge debt raises a potential danger to the U.S. financial system, Federal Reserve Chairman Alan Greenspan says.

Hurricane brought financial disparities into focus; NAACP (Home Mortgage) urges freeze on foreclosures


Hurricane brought financial disparities into focus; NAACP urges freeze on foreclosures
AP via Florida Times-Union - have never used an ATM machine or applied for a home mortgage. Often, they turn to storefront payday lenders, which

Rates on 30-year mortgages unchanged this week but other mortgages decline
SignOn San Diego - By Martin Crutsinger ASSOCIATED PRESS 9:12 a.m. rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.30 percent this week, down from 5.32

UPDATE 2-Greenspan warns against moving too slowly on GSEs
Reuters - in the end could seriously diminish the availability of home mortgage funds,' Greenspan said in the letter, a copy of

Keeping Up With Mortgage Payments During Personal Crises a Major Concern Among Many Homeowners, Study Shows
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The New South
Washington Post - Sep 17 4:20 AM
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Pr. William Tees Off for a New Image
Washington Post - Sep 17 11:42 PM
When Tiger Woods and Vijay Singh tee off this week at the Presidents Cup golf tournament, Prince William County will be aiming for star status, too -- as the locale for the storied sports event last held in the county five years ago.

Picking up the pieces after tragedy and turmoil
Boston Globe - Sep 18 12:44 AM
Jeanne Cronin speaks in a calm whisper about her predicament. But her situation is desperate.

Housing Expedited For Storm Survivors
Washington Post - Sep 17 1:04 AM
The D.C. Housing Authority has made plans to move about two dozen hurricane survivors from New Orleans into public or subsidized housing, putting them ahead of thousands of District residents who have been on a waiting list for as long as five years.

Use care with some types of financing
Florida Today - Sep 17 11:15 PM
Complete FLORIDA TODAY coverage delivered to your door. Subscribe now. Home buyers should be careful about the type of home loan they get -- whether they're buying a new home or looking to refinance, experts say.

Home Mortgage Refinance - Home Loans & Mortgage Refinancing (Home Mortgage)


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VA Refinance Information from the VA Mortgage Center
The Refinance experts at VA Mortgage Center can help you with your VA Refinance, also find info on VA Streamline Loans. ... Why should I refinance? The government has given special benefits to Veterans who wish to refinance their current mortgage ...

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Global Equity Lending - EMAP
... Purchase. Refinance. Is the borrower willing to pay a pre-payment penalty ... NOT include the debts that you are planning to pay off if this is a refinance ...