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Mortgage News

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

2 hrs ago | Park Record

Survey: Americans' pessimism on economy has grown

Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, falling unemployment and growth moving closer to full health.

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Related Topix: Rutgers University, Home, Mortgage, Park City, UT

3 hrs ago | Brandon Sun

Business Highlights

Insurers can no longer reject customers with expensive medical conditions thanks to the health care overhaul.

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Related Topix: US News, US Senate, Democrat, US Politics, Maria Cantwell, Personal Finance, Small Business, Home, Mortgage

7 hrs ago | Sydney Morning Herald

The downside to mortgage wars

A new submission from the Reserve Bank has cautioned against policies that could boost competition in home loans.

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Related Topix: Home, Mortgage, Personal Finance

11 hrs ago | Nanaimo Daily News

Cypriots protest proposed foreclosures legislation mandated by bailed-out country's creditors

Hundreds of Cypriots have staged a protest outside the presidential palace against proposed legislation aimed at helping the bailed-out country's beleaguered banks collect on bad loans.

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Related Topix: Foreclosures, Mortgage, Personal Finance, Home

12 hrs ago | WHAS11

SEC adopts rules on loan-backed securities

Financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, will have to give investors details on borrowers' credit record and income under action taken Wednesday by federal regulators.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Home, Mortgage, Personal Finance

16 hrs ago | The Globe and Mail

Canadian banks 'feel good' about prospects for mortgage business

The Globe's Real Estate Beat offers news and analysis on the Canadian housing market from real estate reporter Tara Perkins.

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Related Topix: Home, Mortgage, Personal Finance, RBC Financial Group, Banking, Financial Services

21 hrs ago | Moray Firth Radio

Housing Market Pays Dividends At Foxtons

The London-focused estate agents saw its pre-tax profit up by 57% to A 23.1m in the six months to June 30. The special dividend payment is more than half of the group's profit before tax and is the second pay out since it returned to London's stock market almost a year ago.

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Related Topix: Mortgage, Personal Finance, Home

Tue Aug 26, 2014

Sydney Morning Herald

Small banks want fairer mortgage fight

Smaller banks say there would be more competition in the mortgage market if regulators freed them from the burden of overly cautious financial safeguards.

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Related Topix: Mortgage, Personal Finance, Home

National Mortgage News

Mortgage Banking Profits Rise in 2Q: MBA

Community Builder or Divider? Homeownership's Pluses and Minuses The benefits of homeownership are often cited in policy debates, though it has some downsides.

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Related Topix: Mortgage, Personal Finance, Home, George Mason University

KIMA

U.S. credit card late payments down in 2nd quarter

Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit.

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Related Topix: Games, Card Game, TransUnion, Personal Finance

Business News

RBS to be fined A 15m for giving poor sales advice to mortgage customers

The Financial Conduct Authority will fine Royal Bank of Scotland about A 15m for giving poor sales advice to mortgage customers in the latest blow to the taxpayer-controlled bank's reputation.

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Related Topix: Mortgage, Personal Finance, Home

KOAT-TV

Obama announces new efforts for vets

President Barack Obama detailed Tuesday how his administration is attempting to rectify shortfalls in caring for war veterans, just as new threats abroad could require more sacrifices for American military families.

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Related Topix: 2012 Presidential Election, US Politics, US News, Barack Obama, Life, Veteran Affairs, Home, Mortgage, Personal Finance

680News

US home prices rise 8.1 per cent in June; smallest increase in more than 18 months

This Aug. 14, 2014 photo shows a sign in front of a home for sales in Whittier, Calif.

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

Globe and Mail

I'm on track to be mortgage-free by 31

Two years ago, when I was 27, I took all my savings and bought a $425,000 house in Toronto with the goal of being mortgage-free in four years.

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Related Topix: Home, Mortgage, Personal Finance, Cellphones, Housing

WGBH

Many Homeowners Still Qualify For Mortgage Relief

Mel Watt, director of Federal Housing Finance Agency, says many homeowners who could qualify to refinance their mortgages under the HARP are suspicious.

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Related Topix: Home, Mortgage, Personal Finance, Foreclosures

KCRA-TV Sacramento

3 reasons why Californians shun quake insurance

Even though 90% of the earthquakes that strike the United States are located in California, only about 10% of homeowners there have earthquake insurance.

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Related Topix: Earthquake, Natural Disasters, UC Davis, Davis, CA, Northridge (Los Angeles, CA), Home, Mortgage, Personal Finance

Mon Aug 25, 2014

Daily Kos

Economics Daily Digest: The mortgage crisis, act 2

With a large number of mortgage relief measures scheduled to end in the coming year, David Dayen says that many foreclosures will seem as though they were only deferred from 2008.

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Related Topix: Personal Finance, Foreclosures

AmericanBankingNews.com

Mortgage Choice Limited's "Buy" Rating Reaffirmed at Bank of America

's stock had its "buy" rating reiterated by investment analysts at Bank of America in a note issued to investors on Monday.

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Related Topix: Mortgage, Personal Finance, Home

Reuters

U.S. S&P 500 stock index hits 2,000 milestone

The U.S. S&P 500 stock index broke through the landmark 2,000 level on Monday, marking a six year rally which has benefitted many Americans from Wall Street to Main Street.

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Related Topix: Personal Finance, Retirement, Financial Markets, Home, Mortgage, Mutual Funds

KIMA

Sales of US new homes fall in July

Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery.

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

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