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Mortgage News

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

1 hr 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

HeraldNet

For some young singles, mortgage easier to get than a credit card

Steve Ganley, 25, stands in front of the home he bought in Bethel Park, Pennsylvania, in August with a $150,000 mortgage he qualified for. Steve Ganley, 25, stands in front of the home he bought in Bethel Park, Pennsylvania, in August with a $150,000 mortgage he qualified for.

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Related Topix: Home, Mortgage, Personal Finance, Bethel Park, PA, Duquesne University

Credit.com

What Kind of Mortgage Is Right for You?

When you need to borrow money, you want to be sure you are doing so wisely. Knowing your options and understanding the strategy and consequences of each can prepare you to make the best possible decision.

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Related Topix: Home, Mortgage, Personal Finance

Sat Sep 13, 2014

South China Morning Post

HSBC pays US$550m to settle US claims over mortgage-backed securities

The Hongkong and Shanghai Banking Corporation was founded in Hong Kong on March 3, 1865, and in Shanghai one month later. In 1980, HSBC acquired 51 per cent of Marine Midland Bank, buying the rest in 1987.

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Related Topix: HSBC Holdings, Banking, Financial Services, Home, Mortgage, Personal Finance, Fannie Mae

West Australian

China August factory growth slows to near six-year low, calls grow for more stimulus

China's factory output grew at the weakest pace in nearly six years in August while growth in other key sectors also cooled, raising fears the world's second-largest economy may be at risk of a sharp slowdown unless Beijing takes fresh stimulus measures. The output data, combined with weaker readings in retail sales, investment and imports, pointed to a further loss of momentum as the cooling housing market increasingly drags on other sectors from cement to steel and saps consumer confidence.

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Related Topix: Home, Mortgage, Personal Finance

Motherwell Today

Referendum countdown: Alistair Darling argues case for keeping the union

In five days time we will make the most important decision of our political lives. The stakes are very high.

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Related Topix: Alistair Darling, Home, Mortgage, Personal Finance

Examiner.com

Man with fraud history arrested for swindling $2 million from school teachers

A swindler who sold over $2 million in illegal promissory notes and other securities to school teachers , administrators and other school district employees was arrested this week. According to the Texas State Securities Board yesterday, McKinny resident Christopher Anthony Zaal was arrested Sept.

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Related Topix: Education Etc., Collin County, TX, Personal Finance, Retirement, Home, Mortgage

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