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Mortgage News

News on Mortgage continually updated from thousands of sources around the net.

2 hrs ago | Cybercast News Service

Stocks move higher for a fourth day

U.S. stocks were mostly higher in early trading Thursday, helped by a report that showed the number of people seeking unemployment benefits remains at a multi-year low.

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Related Topix: Financial Markets, Hewlett Packard, 9, Home, Mortgage, Personal Finance

3 hrs ago | Cybercast News Service

US existing home sales rise for 4th straight month

Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.

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Related Topix: Home, Home Selling, Housing, Real Estate, Mortgage, Personal Finance, Foreclosures

6 hrs ago | West Australian

Housing boom boosts Mortgage Choice

Australia's booming property market has helped Mortgage Choice write a record number of loans, and the lender says 2015 is looking like another strong year.

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Related Topix: Mortgage, Personal Finance, Home

10 hrs ago | The Tribune

Is a home equity line of credit a fit for you?

The trend, fueled by the two-year housing recovery, has helped spur many borrowers to take out a home equity line of credit against the value of their home.

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Related Topix: Housing, Home, Mortgage, Personal Finance

Wed Aug 20, 2014

National Mortgage News

Lennar Acquires Pinnacle Mortgage Group

Eight Reasons the Housing Recovery's Been So Slow From tight credit conditions to empty nesters, here is a litany of problems weighing on the housing market, as summarized in the minutes of last month's Federal Reserve policy meeting.

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Related Topix: Home, Mortgage, Personal Finance, Construction, Lennar

Silicon Alley Insider

The Feds Are Finally Going After One Of The Most Infamous Executives Of The Financial Crisis

Countrywide Financial Corporation founder and CEO Angelo Mozilo is sworn in to testify before the House Committee on Oversight and Government Reform on Capitol Hill in Washington March 7, 2008.

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Related Topix: Financial Services, Countrywide Financial, Mortgage, Personal Finance, Home

The Toronto Star

Bank of America reaches $17 billion settlement with U.S.

Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.

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Related Topix: Home, Mortgage, Personal Finance, Foreclosures, Banking, Financial Services, CitiMortgage, Citigroup

Contra Costa Times

Bank of America to pay record $17B for mortgage machinations

Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.

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Related Topix: Mortgage, Personal Finance, Home

BBC News

Mortgage lending highest since 2008

The Council of Mortgage Lenders said the figure was 7% up from June, and 15% higher than July last year.

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Related Topix: Mortgage, Personal Finance, Home

Silicon Alley Insider

Mortgage Applications Are Going Nowhere - Here's Why That Tells Us...

But in recent years mortgage applications have been flat while home sales have risen, according to Hui Shan at Goldman Sachs.

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Related Topix: Mortgage, Personal Finance, Home, Housing

Witney Gazette

House prices rise to 15 times an average wage

RUNAWAY house prices in the south of the county are 15 times the average wage, making it one of the least affordable spots in the UK.

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Related Topix: Oxfordshire County, England, United Kingdom, Home, Personal Finance, Mortgage

Tue Aug 19, 2014

ABC News

Late-Payment Rate on US Mortgages Declines in 2Q

Fewer U.S. homeowners are falling behind on their mortgage payments, a trend that has reduced the late-payment rate on home loans to the lowest level in six years, according to credit reporting agency TransUnion.

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Related Topix: Home, Mortgage, Personal Finance, TransUnion, Housing, Foreclosures

The New Zealand Herald

Home Depot lifts Wall St

Specialist Michael Shearin, left, works at his post on the floor of the New York Stock Exchange.

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Related Topix: Home, Mortgage, Personal Finance

KING-TV Seattle

Simple ways to boost your savings

There are some simple steps you can take to boost your savings, and the first one is creating a smart budget, financial experts say.

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Related Topix: Personal Finance, Retirement, Tax, Social Security, Home, Mortgage, Long Term Care, Health

Tri-cityherald.com

Inflation tame, housing starts jump

Headline inflation, as measured by the Labor Department's Consumer Price Index, rose by 0.1 percent in July and 2 percent year-over-year from July 2013.

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Related Topix: Financial Markets, Mortgage, Personal Finance, Home

Sunday Herald

Judge: Bank of Scotland is guilty of double-billing customers who fall behind on mortgages

Bank of Scotland has been unfairly double-billing customers who fell behind on their mortgages, a High Court judge has ruled.

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Related Topix: Mortgage, Personal Finance, Home

The Age

Mortgage wars ease RBA pressure

Intensifying competition among banks to sell cheaper mortgages to homeowners and buyers has taken pressure off the Reserve Bank of Australia to cut interest rates further amid concerns of sluggish domestic and world growth.

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Related Topix: Home, Mortgage, Personal Finance

Key 103

Housebuilder Persimmon Profit Jumps 57%

Revenue in the period was also up 33% to A 1.2bn and it said sale completions in the six months were up 28%.

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Related Topix: Mortgage, Personal Finance, Home

Mon Aug 18, 2014

The Age

QBE to partially float mortgage insurance arm

"Other than in Latin America, the group's divisional results are solid and in line with our internal plans."

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Related Topix: Personal Finance

The New Zealand Herald

Flavell: 'Hone doesn't have a mortgage on looking after the poor'

Maori Party co-leader Te Ururoa Flavell says that Labour ruling out the Internet Mana Party from ministerial posts showed the importance of the Maori Party sitting at the Government of the day.

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Related Topix: Mortgage, Personal Finance, Home

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