Saturday, October 29, 2005

FHA Commissioner Announces Changes to FHA Programs (Home Mortgage)


FHA Commissioner Announces Changes to FHA Programs
U.S. Newswire (press release), DC - 13 hours ago 29 /US Newswire/ -- Brian Montgomery, head of the mortgage loan insurance programs at the Federal Housing Administration, announced significant changes that

Schwab wants one-year terms for board
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Good-credit borrowers may be tricked into higher-cost loans
DetNews.com, MI - 23 hours ago These higher-cost loans have been the fastest-growing segment of the mortgage market -- accounting for 20 percent of the home loans issued last year, up from

Capital Automotive Reports Third Quarter Results (Home Mortgage)


Capital Automotive Reports Third Quarter Results
PR Newswire (press release), NY - Oct 27, 2005 at cost 2,531,587 2,240,701 Cash and cash equivalents 4,507 8,332 Other assets* 58,304 53,010 Total assets 2,421,605 2,158,157 Mortgage debt 535,491 634,365

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iStar Financial Announces Third Quarter 2005 Results
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Friday, October 28, 2005

Mortgage | Loans | Refinance | Home Equity | Debt (Home Mortgage) Consolidation


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Home Mortgage - Fitch Rates GSAMP Trust $189.2MM Mortgage P-T Ctfs, 2005-SEA2


Fitch Rates GSAMP Trust $189.2MM Mortgage P-T Ctfs, 2005-SEA2
[Press Release] Business Wire via Yahoo! Finance - Oct 18 1:22 PM
GS Mortgage Securities Corporation , mortgage pass-through certificates, series 2005-SEA2 is rated by Fitch Ratings as follows:Save to My Web

Thornburg Mortgage Investor Day, in Manhattan on Nov. 8
[Press Release] Business Wire via Yahoo! Finance - Oct 25 4:12 PM
Thornburg Mortgage Inc. will hold its second annual New York Investor Day for analysts and institutional investors on Tuesday, Nov. 8, 2005.Save to My Web

Thornburg completes $140 million private placement
bizjournals.com via Yahoo! Finance - Oct 03 11:05 AM
Thornburg Mortgage Inc. completed a $140 million issuance of unsecured junior subordinated notes in a private placement through Thornburg Mortgage Home Loans Inc.Save to My Web

Wholesale Industry Veteran Joins Thornburg Mortgage as National Broker Sales Executive
[Press Release] Business Wire via Yahoo! Finance - Oct 26 5:00 AM
Thornburg Mortgage Inc. announced today that Joseph Stanganelli has been named national broker sales executive for the company's recently developed broker origination channel.Save to My Web

What's happening locally with mortgage rates (Home Mortgage)


What's happening locally with mortgage rates
Desert Sun - Oct 14 4:13 AM
Laine Rinker, president of Rinker Financial, a La Quinta-based mortgage brokerage firm, said valley mortgage rates have been ticking up over the past month, but loans at under 6 percent were still available as of Thursday.Save to My Web

Bankrate: Mortgage Rates Rise for Fifth Week in a Row
[Press Release] PR Newswire via Yahoo! Finance - Oct 13 5:27 AM
Mortgage rates climbed for the fifth consecutive week, and remain the highest since March 30. The average 30-year fixed rate mortgage increased from 6.07 percent to 6.1 percent, according to Bankrate.com's weekly national survey of large lenders.Save to My Web

30-year mortgage rates rise above 6%
Boston Globe - Oct 14 12:33 AM
Interest rates on 30-year, fixed-rate home mortgages yesterday rose above 6 percent for the first time since late March, increasing the chances that housing prices could flatten or decline and signaling that the era of low mortgage rates may be coming to an end.Save to My Web

Home Mortgage - Astoria Financial Corporation Announces 8% Increase in Third


Astoria Financial Corporation Announces 8% Increase in Third
PR Newswire (press release), NY - Oct 20, 2005 compared to $635.3 million in the year-ago third quarter of which 79% and 77%, respectively, consisted of 3/1 and 5/1 hybrid adjustable rate mortgage loans.

Investors' expectations shift, mortgage rates jump
Bankrate.com - Oct 4, 2005 The 15-year fixed-rate mortgage rose 8 basis points, to 5.58 percent. The 5/1 adjustable-rate mortgage rose 13 basis points, to 5.59 percent.

Fitch Rates $686.7MM IndyMac ABS, Inc. HE Mtge Loan AB Trust
Business Wire (press release), CA - Oct 4, 2005 The Group 1 mortgage pool consists of first lien fixed-rate and adjustable-rate mortgage loans with a statistical date pool balance of $247,010,741.

30-year mortgage rates rise above 6%
Boston Globe, United States - Oct 14, 2005 Westwood. In the past, the initial rate for an adjustable-rate mortgage could be 0.75 percent lower than that of a fixed-rate mortgage.

Fitch Rates $460MM Merrill Lynch Mortgage Investors, Inc., Mtge PT
Business Wire (press release), CA - Sep 30, 2005 The trust consists of 814 conventional, adjustable-rate mortgage loans secured by first liens on one- to four-family residential properties with an aggregate

Interest-Only Mortgages Popular But Risky (Home Mortgage)


Interest-Only Mortgages Popular But Risky
NewsNet5.com, OH - Oct 6, 2005 According to Bankrate.com, an interest-only mortgage may also be a good fit if the buyer's income is mostly in the form of infrequent commissions or bonuses

Family Finances: A few words on home buying and refinancing
Pittsburgh Post Gazette, PA - Oct 20, 2005 If so, Ms. McGill suggested that you hold off refinancing, and start adding principal to any interest-only mortgage payments -- provided that you have no

'RealMoney' Radio Recap: Fed Up
TheStreet.com - Oct 24, 2005 has again used the blunt instrument of raising interest rates to cool the housing market when he could have simply cracked down on interest-only mortgage loans

Armchair Millionaire Community Bulletin: Fabulous Fixes for Bad
Emediawire (press release), WA - Oct 26, 2005 t really afford. What goes wrong: The low monthly payments of an interest-only mortgage look just too good to pass up. But when

Thursday, October 27, 2005

Wyden introduces tax reform legislation (Home Mortgage)


Wyden introduces tax reform legislation
Portland Business Journal - but those used most by Americans -- including home mortgage deductions, child credits, and breaks for charitable

Fitch Assigns American Home Mortgage Servicing, Inc. 'RPS3' Servicer Rating
Business Wire via Providence Journal - October 25, 2005 04:18 PM US Eastern Timezone Fitch Assigns American Home Mortgage Servicing, Inc. ' RPS3' Servicer Rating NEW YORK--(BUSINESS WIRE)--Oct. 25, 2005--Fitch Ratings assigns American Home Mortgage Servicing, Inc. (

Indians overcharged on mortgages
Indian Country Today - The Fed, analyzing Home Mortgage Disclosure Act data, said 16.9 percent of American Indians/Alaska Natives got ''higher

A tax break too good to dump
San Francisco Chronicle - SF Chronicle Submissions Letters to the Editor Open Forum Sunday Insight IT'S HARD to think of a more popular -- or California-friendly -- tax break than the home-mortgage deduction.

Algoma Steel rejects big shareholder's demand for $420-million (Home Mortgage)


Algoma Steel rejects big shareholder's demand for $420-million
CBC News, Canada - Oct 26, 2005 Late Tuesday, Algoma rejected a demand from New York hedge fund Paulson & Co. to refinance some debt and distribute $420 million to shareholders.

Avista Corp. Reports Results for the Third Quarter of 2005
Finanzen.net, Germany - 17 hours ago Avista Corp. expects to issue long-term debt during the fourth quarter of 2005 to, among other things, refinance these borrowings.

Kendle 3Q profit up nearly sixfold
BusinessWeek - 11 hours ago Comparison shop for mortgage quotes, refinance quotes and home equity loan offers. Refinance, cash-out, consolidate debt and home equity loans.

Investing Is Risky, So Don't Bet the House
Washington Post, United States - 23 hours ago I would like to refinance, get cash out, pay myself each month so that I can pay the monthly bills and go into real estate full time.

AC plans to refinance $3.7 million of college's bonded
Lufkin Daily News, TX - Oct 10, 2005 By GARY BASS, The Lufkin Daily News. Angelina College trustees voted Monday night to refinance $3.7 million of the college's bonded indebtedness.

Home Mortgage - Three Things to Know About the Housing Bubble


Three Things to Know About the Housing Bubble
TIME - Sep 28, 2005 But you may not have the income to qualify for such a loan. Presumably, that's why you are in an interest-only mortgage to begin with. Don't panic.

'RealMoney' Radio Recap: Fed Up
TheStreet.com - Oct 24, 2005 has again used the blunt instrument of raising interest rates to cool the housing market when he could have simply cracked down on interest-only mortgage loans

Seniors Not Getting The Whole Story on Mortgages
SeniorJournal.com, TX - Sep 26, 2005 payment you make! With an interest-only mortgage, you pay the amount of interest due each month for the first 10 years. This is

Is `interest only' mortgage smart?
Charlotte Observer, NC - Oct 1, 2005 Q. What is an "interest only" mortgage? We have a 4.875 percent adjustable-rate home loan, but another bank offers 4.25 percent

Credit report errors (Home Mortgage)


Credit report errors
DailyRecord.com - Oct 16 1:08 AM
Someone used Tyrone Davis' personal information to take out a student loan for a technical school in Baltimore, then defaulted on the loan. Now, Davis can't get his credit record straightened out.Save to My Web

Ruling could shake up home equity business
Austin American-Statesman - Oct 20 7:55 PM
A state district judge is threatening to shake up the home equity loan business in Texas. Judge Scott Jenkins of Austin said he will rule that the state has illegally allowed lenders to charge homeowners much higher fees than the Texas Constitution allowsSave to My Web

Another spurt in mortgage rates
Bankrate.com - Oct 06 4:30 AM
Pick your poison -- oil prices that drop a bit and then lurch ahead or the federal government sounding like it's going to throw money at storm-ravaged states or surging prices for building supplies.Save to My Web

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Plan to Rein in Mortgage Giants (Home Mortgage) Entangled


Plan to Rein in Mortgage Giants Entangled
AP via Galveston County Daily News - The White House opposes the legislation on a broader issue: that it would not force the mortgage companies to reduce their huge holdings. Industry Rates on 30-Year Mortgages Climb Weekly Home Mortgage Rates The ban was recently attached to the legislation

Mortgage rates top 6%
USA Today - rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.62%, up from 5.54%. One-year adjustable

Servicer Evaluation: American Home Mortgage Servicing Inc
Standard and Poor's - AHM), formerly known as Columbia National Inc., a wholly owned subsidiary of American Home Mortgage Holdings Inc., is assigned as AVERAGE as a Residential Mortgage Servicer. from Quick LinksCompany The ranking assigned to American Home Mortgage Servicing Inc

Allied Home Mortgage Capital Corporation Opens New Branch Office in Nashville
Primezone Media Network - Source: Allied Home Mortgage Allied Home Mortgage Capital Corporation Opens New Branch Office 24, 2005 (PRIMEZONE) -- Allied Home Mortgage Capital Corporation (AHMCC) has opened a

US SWAPS (Home Mortgage) - Widen on mortgage paying, yields rise


US SWAPS - Widen on mortgage paying, yields rise
Reuters - 15 hours ago NEW YORK, Oct 26 (Reuters) - US swap spreads posted fresh wides for the year on paying pressure to rebalance mortgage hedges against rising Treasury yields and

FBR profits fall 75 percent, cuts dividend
Washington Business Journal, DC - 21 hours ago Group reported a sharp decline in earnings and revenue and expects to cut its fourth-quarter dividend, after weaker returns in its mortgage investment business

Bid to trademark strawberry smell rejected
BusinessWeek - 52 minutes ago Consultants, learn how to join this qualified network of experts. Mortgage Rates at Record Lows Refinance your Mortgage while rates are still low.

Settlement is proposed over failed Met Mortgage
Seattle Times, United States - 2 hours ago SPOKANE Investors in a failed Metropolitan Mortgage affiliate would get back $7.25 million in a proposed settlement that would also release most board

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Wednesday, October 26, 2005

Mortgage Discounters presents FantasticRates.com! (Home Mortgage)


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Home Mortgage - Greenspan Cautions US Bankers on Mortgage Loans


Greenspan Cautions US Bankers on Mortgage Loans
AXcess News, NV - Sep 27, 2005 "We can have little doubt that the exceptionally low level of home mortgage interest rates has been a major driver of the recent surge of homebuilding and home

Mortgage rates top 6%
Kansas City Star, MO - Oct 14, 2005 Rates on 15-year fixed-rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.62 percent this week, up from 5.54 percent last week

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5% tax plan unveiled (Home Mortgage)


5% tax plan unveiled
Deseret Morning News - Oct 05 11:32 PM
Charitable gifts and having up to three dependent children would be deductible but not mortgage interest payments under a 5 percent "flatter" state income tax Gov. Jon Huntsman Jr. proposed Wednesday.Save to My Web

Baker proposal seeks to rebuild Louisiana
2theadvocate.com - Oct 07 10:35 PM
WASHINGTON -- U.S. Rep. Richard Baker, R-Baton Rouge, on Friday proposed creating a nonprofit corporation to help rebuild Louisiana in the aftermath of Hurricanes Katrina and Rita.Save to My Web

Getting Ahead
Fort Wayne Journal Gazette - Oct 03 3:07 AM
Housing costs show no signs of retiring. Thanks to todays real-estate frenzy, many folks are heading into their 60s with grand remodeling plans, dreams of a second home and heaps of mortgage debt.Save to My Web

Lean Years May Mean Mortgage Bank Mergers
AP via Yahoo! News - Oct 26 12:16 PM
The last four years will likely be remembered as a gilded age for anyone in real estate, especially mortgage bankers. But with interest rates rising, the industry is preparing for a slowdown that may prompt some lenders to merge with their competitors.Save to My Web

Rising rates may squeeze many homeowners, but experts warn not to panic
Canadian Press via Yahoo! News - Oct 20 1:55 PM
TORONTO (CP) - Interest rates are ratcheting up and many Canadians will feel the pinch as loan and mortgage rates follow suit.Save to My Web

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St. Louis Post-Dispatch, MO - Oct 2, 2005 For two weeks, I have played defense, explaining why I recently decided to go with an interest-only mortgage after warning people about them in April.

Streets ahead with property
Times Online, UK - Sep 30, 2005 with a two-year, fixed-rate loan from Halifax at 3.99 per cent, but when the deal came to an end in July he switched to an interest-only mortgage with NatWest

Family Finances: With rates on the rise, it might be time for a
Pittsburgh Post Gazette, PA - Oct 6, 2005 Gazette. If so, consider making some changes if you recently took out an adjustable-rate mortgage or an interest-only mortgage. You

Borrowers who play with fire
This is Money, UK - Oct 12, 2005 John Fields (pictured with wife Camilla and daughter Emily, five) moved back to England from Germany recently, he took out an interest-only mortgage to buy a

Home Mortgage - Bush's tax panel would limit break for homeowners


Bush's tax panel would limit break for homeowners
San Francisco Chronicle - Under current law, taxpayers who itemize deductions can deduct interest on up to $1 million in mortgage debt.

UPDATE:Greenspan: Homeowners Can Absorb House Price Drop
Dow Jones Newswire - to find that, despite the rapid growth of mortgage debt, only a small fraction of households across the of the rise in home mortgage debt is due to consumers taking

Three Things to Know About the Housing Bubble
Time - BY AUTHOR Posted Wednesday, Sep. 28, 2005 Federal Reserve chairman Alan Greenspan has tried to be reassuring. of the 5% of homeowners with way too much mortgage debt. I just couldn't resist the interest-only Q: My mortgage debt looks pretty manageable, but I did take advantage

Mortgage loans decline
Sunday Times South Africa - The banking sector remained healthy as the asset quality and profitability of banks improved, and they remained well capitalised. Despite the marginal increase in the ratio of mortgage debt to market value of housing in the second quarter of 2005 to

Wholesale Glossary (Home Mortgage)


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Home Mortgage - Mortgage Rates Highest in 15 Mos


Mortgage Rates Highest in 15 Mos
11 Alive - rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.65%, up from 5.62%.One-year adjustable rate

Washington Mutual earnings jump 22 percent
SignOn San Diego - Revenue from sales and servicing of home mortgage loans was $497 million down from $549 million in the third quarter

Rates on 30-year mortgages increase
Boston Globe - rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.48 percent this week, up from 5.37 percent

Taxing Issues
New York Times - Q: Can you tell us about the report the tax-reform panel will be filing on Nov. 1? reduce some popular tax breaks, including the deduction for home mortgage interest from a $1 million cap to somewhere in

Tuesday, October 25, 2005

Report: Japan Air Joins OneWorld Alliance (Home Mortgage)


Report: Japan Air Joins OneWorld Alliance
AP via Yahoo! - Sponsor Results Refinance your car today and lock in great rates for new and used auto loans

What to Make of the Latest Inflation Numbers
Time - You can still refinance into a 30-year fixed-rate mortgage for less than 6%. If you're in the market for a truck or a

Texas Instruments 'Competing Well Against Peers'
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Mandiri to issue bonds in November
Jakarta Post - to be issued in November, would be used to refinance the bank's maturing dollar-denominated bonds amounting to $400

Home Mortgage - Lending Services


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RealEstateJournal | Should You Wait To Pay Off a Mortgage?
While mortgage debt is significantly better than non-deductible debt like Another plus to chiseling away at mortgage debt is that there is a sure and

Three Things to (Home Mortgage) Know About the Housing Bubble


Three Things to Know About the Housing Bubble
Time Magazine - Sep 29 2:04 PM
If real estate prices start sliding, how will you protect yourself? TIME Senior Writer Daniel Kadlec offers some tipsSave to My Web

Greenspan concerned about risky mortgages
Tallahassee Democrat - Oct 08 11:11 AM
WASHINGTON - Federal Reserve Chairman Alan Greenspan is turning up the volume on his warnings about the potential perils of certain risky mortgages if the high-flying housing market loses significant altitude.Save to My Web

Greenspan concerned about risky mortgages
Fort Wayne Journal Gazette - Oct 08 11:06 AM
WASHINGTON - Federal Reserve Chairman Alan Greenspan is turning up the volume on his warnings about the potential perils of certain risky mortgages if the high-flying housing market loses significant altitude.Save to My Web

Home Mortgage Deduction Under Attack By Presidential Panel (Home Mortgage)


Home Mortgage Deduction Under Attack By Presidential Panel
MortgageNewsDaily.com, AZ - 21 hours ago Social Security may be the third rail of American politics, but the mortgage interest deduction is the equivalent of an electrified apple pie.

This week's focus: When is a reverse mortgage appropriate for
Indianapolis Star, United States - Oct 23, 2005 Members of the Financial Planning Association of Greater Indiana have tips to help determine if a reverse mortgage would work for you.

Nine rules to guide you in today's financial climate
MarketWatch - 16 hours ago Expect faster and more-flexible mortgage service with a bank that operates as a "mortgage banker." The reason: It's loaning its own money rather than placing

VMP Mortgage Solutions and Dorado Corporation Strengthen Alliance
Yahoo! News (press release) - 22 hours ago MINNEAPOLIS and SAN MATEO, Calif., Oct. 24 /PRNewswire/ -- VMP Mortgage Solutions, Inc. and Bankers Systems, Inc., both a part

County District Court
Topeka Capital Journal (subscription), KS - 10 hours ago VisionBank v. Mark E. Feaster et al., petition for mortgage foreclosure. Sierra contract. Mortgage Electronic Registration Systems Inc.

Golden West Reports 16% (Home Mortgage) Earnings Increase for the Third Quarter


Golden West Reports 16% Earnings Increase for the Third Quarter
Business Wire - usual, the popularity of our main product, the adjustable rate mortgage, or ARM, is influenced by what's happening with

Rising mortgage rates: What's a buyer to do?
USA Today - The average rate for a five-year, hybrid adjustable-rate mortgage rose to 5.48% last week, a six-month high

Bankrate: Mortgage Rates Hit 6-Month High
Stockwatch - NEW YORK, Oct. 6 /PRNewswire-FirstCall/ -- Mortgage rates climbed for the fourth consecutive week, and are now the highest since March 30. moved slightly higher, with the average 5/1 adjustable rate mortgage bounding higher from 5.59 percent to 5.69 percent

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Tax reform (Home Mortgage)


Tax reform
Durango Herald - expenses would be eliminated in exchange. The home mortgage deduction would be replaced by a 15 percent credit

Tempted by blogs, spam becomes 'splog'
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Rates on 30-year mortgages top 6%
USA Today - WASHINGTON (AP) - Rates on 30-year mortgages rose for a fifth consecutive week, topping 6% for the first time since March as financial markets continued to worry about inflation. rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.62%, up from 5.54%. One-year adjustable

Taxing Issues
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Rates rising on 30-year mortgages
Indianapolis Star - Rates rising on 30-year mortgages Used Car Blowout! rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.65 percent this week, up from 5.62 percent

Monday, October 24, 2005

Mortgage rates up; boom may fizzle out (Home Mortgage)


Mortgage rates up; boom may fizzle out
Winston-Salem Journal, NC - Oct 20, 2005 This was up from 4.85 percent last week and pushed the one-year adjustable-rate mortgage to its highest level since it was at 4.91 percent the week ending

Thornburg Mortgage, Inc. Launches Mortgage Cadence to Streamline
Business Wire (press release), CA - Oct 17, 2005 Thornburg Mortgage is a leading single-family residential mortgage lender focused principally on the jumbo segment of the adjustable rate mortgage market.

CONSUMER WATCH: Many feel pain of rising interest rates
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Fitch Rates $863.6MM Wells Fargo Home Equity Asset-Backed
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Rates on 30-year mortgages continue to rise (Home Mortgage)


Rates on 30-year mortgages continue to rise
Arizona Republic - Rates on 30-year mortgages rose for a fourth consecutive week, climbing to the highest level since late March, as financial markets continued to worry about inflation. rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.54 percent this week, up from 5.48 percent

Wamu beats estimates
Seattle Post Intelligencer - Washington Mutual Inc. The Seattle-based consumer banking and home mortgage company earned $821 million, or 92 cents a share, in the third

30-Year Mortgage Rates Hit 15-Month High
10News.com - Analysts expect rising mortgage rates to cool the booming housing market in coming months. rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.65 percent this week, up from 5.62 percent

UPDATE 2-US home sales firm despite fewer loan applications
Reuters - chief economist at Insight Economics. ' Overall home mortgage activity remains high and continues to contribute

Mortgage | Home Loans | Refinance | Home Equity | REALTORS (Home Mortgage)


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Greenspan concerned about risky mortgages (Home Mortgage)


Greenspan concerned about risky mortgages
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REAL ESTATE / ROBERT BRUSS: Is `interest only' mortgage smart?
The Charlotte Observer - Oct 03 1:46 AM
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Greenspan Concerned About Risky Mortgages
WJLA-TV Washington D.C. - Oct 08 11:31 AM
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Sunday, October 23, 2005

Home Mortgage - MortgageCalc.com


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Home Mortgage - Mortgage applications reverse slide


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MSNBC - WASHINGTON - U.S. mortgage applications rose for the first time in a month even as group said Wednesday.The Mortgage Bankers Association said its index of mortgage loan application

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Mortgage business hits Nat City earnings
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Interest Only Mortgage (Home Mortgage)


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Home Mortgage - Adjustable Rate Mortgage Indexes


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mortgage debt Definition (Home Mortgage)


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On some fiscal effects on mortgage debt growth in the EU
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