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Mortgage News

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

1 hr ago | The Wall Street Journal

Julian Castro Urges Broader Access to Mortgages

A top federal housing official on Tuesday pledged to work with lenders to ease concerns that have led them to restrict mortgage access and urged Congress to pass legislation that would overhaul the housing finance system. Secretary JuliA n Castro in a speech on Tuesday outlined his priorities for the Department of Housing and Urban Development, which he took over in July.

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Related Topix: Home, Mortgage, Personal Finance

5 hrs ago | Nanaimo Daily News

TD Bank CEO says Ottawa should tighten lending rules to avoid future troubles

TD Bank CEO Ed Clark speaks during the company's annual general meeting in Calgary, on Thursday, April 3, 2014. Clark says the federal government needs to do more to ensure Canadians aren't taking on more debt than they can handle.THE CANADIAN PRESS/Larry MacDougal TD Bank CEO Ed Clark speaks during the company's annual general meeting in Calgary, on Thursday, April 3, 2014.

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Related Topix: North America, Canada, World News, Home, Mortgage, Personal Finance

9 hrs ago | WAVY-TV Portsmouth

Va. attorney general sues major banks for $1.1B

Virginia Attorney General Mark Herring is suing some of the world's largest banks for $1.15 billion in damages related to the housing market crash. Herring said at a news conference Tuesday that the banks misled the Virginia Retirement System about the quality of certain loans while selling mortgage-backed securities.

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Related Topix: Mortgage, Personal Finance, Home

9 hrs ago | Vallejo Times-Herald

How the Fed's guidance on rates has evolved

Every six weeks or so, after the Federal Reserve holds a policy meeting, it issues a statement containing guidance to the financial world on when it might raise interest rates. The language the Fed has used has steadily evolved since it cut its benchmark short-term rate to a record low in 2008.

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

13 hrs ago | South End Standard

Which Tory MP has claimed thousands for London hotels - despite having TWO flats there?

A TORY MP has come under fire after for claiming A 11,348 of taxpayers' money, mostly on London hotels - despite having two homes in the capital. In the latest round of MPs expenses for 2013/14, Rochford and Southend East MP James Duddridge claimed the bulk of the cash on overnight accommodation in the city, from April to December.

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Related Topix: Essex County, England, World News, United Kingdom, Home, Personal Finance, Mortgage,

17 hrs ago | Warrington Guardian

Property values in London are rising faster than the rest of the country

House prices have reached a new record high of A 272,000 across the UK as the average property value in London has topped half a million pounds for the first time, an official report shows. Prices jumped to fresh all-time peaks in Scotland, the East Midlands, the West Midlands and the South West in July, joining England, London, the South East and East, where prices had already surpassed their pre-financial crisis peaks of 2007/08, according to Office for National Statistics data.

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Related Topix: Mortgage, Personal Finance, Home

22 hrs ago | Business Journal

CertusBank plans to sell wealth and mortgage businesses

CertusBank says it plans to sell its mortgage and wealth-management businesses - two units with Charlotte ties - as it continues a major overhaul. The Greenville, S.C.-based bank on Monday announced Atlanta-based AmeriSave Mortgage Corp. intends to purchase its home loan business.

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Related Topix: Home, Mortgage, Personal Finance, Greenville, SC

Mon Sep 15, 2014

San Jose Mercury News

Brentwood man guilty of defrauding immigrant families in real estate scheme

A Brentwood man has been found guilty of defrauding more than 1,000 homeowners by promising to help them keep their homes after they fell behind on their mortgage payments, the U.S. Attorney's Office said Monday. Prosecutors say Alan Tikal, 46, ran a mortgage company called KATN that targeted immigrants who did not speak English, promising to reduce their outstanding debt in return for fees.

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Related Topix: Mortgage, Personal Finance, Home, California, Science / Technology

WTOC-TV Savannah

Unlocking the secrets to a financially happy relationship

Fall is now second only to summer as the most popular time to tie the knot. However, before a couple says, "I do," it is important to first have a truthful heart-to-heart talk about finances.

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Related Topix: Home, Mortgage

The Lebanon Daily News

Once-troubled reverse mortgages poised for rebound

Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions. Industry analysts expect strong growth as the housing market improves, particularly in once hard-hit Sun Belt areas including Phoenix, Miami and San Diego, California, and aging Americans find value in growing old in their homes.

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Related Topix: Home, Mortgage, Personal Finance, Social Security, Housing

Chico Enterprise-Record

Reverse mortgages showing signs of a rebound

Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions. Industry analysts expect strong growth as the housing market improves, particularly in once hard-hit Sun Belt areas including Phoenix, Miami and San Diego, and aging Americans find value in growing old in their homes.

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Related Topix: Home, Mortgage, Personal Finance, Industry, CA

Greenwich Citizen

Speculation swirls over Fed language on rate hike

In this Thursday, Aug. 21, 2014 photo, Federal Reserve Chair Janet Yellen arrives for a dinner during the Jackson Hole Economic Policy Symposium at the Jackson Lake Lodge in Grand Teton National Park near Jackson, Wyo. Yellen will be pressed to clarify the Fed's intentions after the Fed issues its policy statement on Wednesday, Sept.

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Related Topix: Recreational Vehicle, Teton, Home, Mortgage, Personal Finance, Financial Markets, Ben Bernanke

Aurora Advocate

30-year fixed mortgage rates rise above 4 percent

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.05 percent, up from 3.96 percent at this same time last week. The 30-year fixed mortgage rate gradually increased last week, peaking at 4.19 percent on Saturday before coming down to the current rate.

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Related Topix: Mortgage, Personal Finance, Home

Vancouver Sun

Canadian Real Estate Association raises home sales forecast, August sales up

A real estate signs stand in front of a condo no September 27, 2011 in Montreal. THE CANADIAN PRESS/Ryan Remiorz OTTAWA - The Canadian Real Estate Association raised its home sales forecast Monday on the back of stronger than expected sales in recent months after a slow start to the year.

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Related Topix: North America, Canada, World News, Housing, Home Buying, Home, Mortgage, Personal Finance

Reuters

Wells Fargo finds mortgage myths hamper home purchases

Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo & Co ( Nearly two-thirds of respondents thought that a very good credit score was necessary to buy a home, and more than 40 percent thought they needed a down payment equal to at least 20 percent of the purchase price to buy a home. Under government-backed programs, first-time home buyers with subprime credit scores can get a mortgage insured by the Federal Housing Administration, and they can put down as little as 3.5 percent of the purchase price.

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Related Topix: Home, Mortgage, Personal Finance, Wells Fargo , Banking, Financial Services, Home Buying

Investopedia

Got A Good Mortgage Rate? Lock It Up

Lower interest rates result in lower monthly payments, so you should spend a lot of time and effort searching for the best rate. If you do, you'll probably find the most competitive one available.

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Related Topix: Mortgage, Personal Finance, Home

Sun Sep 14, 2014

The Motley Fool

Should You Pay Off a Mortgage Early? The Answer May Surprise You

Imagine a married couple -- let's call them Matt and Donna Smith -- bought their dream house two years ago. The house was $250,000, and they paid $50,000 as a down payment.

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Related Topix: Home, Mortgage, Personal Finance

WKYC-TV Cleveland

5 foolish mistakes first-time home buyers make5 foolish mistakes...

Check out this story on WKYC.com: http://usat.ly/1tQXJnI Buying a home is exciting, especially when you're buying for the first time. In the midst of all of the excitement, it's easy to become blinded by beautiful back-splashes, granite and quartz counter tops, hardwood floors, and fenced-in backyards.

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Related Topix: Home Buying, Home, Mortgage, Personal Finance

Thenew995fm.com

Mortgage Gumbo with Dwayne Stein

News Talk 99.5 WRNO proudly welcomes "Mortgage Gumbo" hosted by Dwayne Stein to the airwaves. Dwayne's show will talk about all areas of the real estate industry while specifically educating listeners about money and basic mortgage principles.

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Related Topix: Home, Mortgage, Personal Finance, Real Estate, Southeastern Louisiana University, Hammond, LA, Slidell, LA

Click Orlando

Investors tell Fed: Don't fumble interest rates

America's central bank wraps up its two-day meeting on Wednesday and will subsequently outline its latest monetary policy. The Fed has been holding down the federal funds rate near zero since the financial crisis, but a strengthening economy has lead to speculation that it will raise rates sooner than later.

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

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