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News23 new results for Mortgages
 
One-third of area mortgages are underwater
MENAFN.COM
One-third of area mortgages are underwater. DAYTON, Mar 15, 2013 (Menafn - Dayton Daily News - McClatchy-Tribune Information Services via COMTEX) --Thirty-six percent of Montgomery County homeowners have negative equity, according to figures ...
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Banks scrap foreign currency mortgages
Financial Times
The Financial Ombudsman said it had received complaints from consumers hit by the falling value of the pound on overseas properties financed with foreign currency mortgages but noted that they were less than 1 per cent of total mortgage complaints, ...
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JPMorgan Sees Home Prices Up 14% as BofA Touts 'House Party'
Moneynews
The two biggest U.S. banks are predicting an accelerating rebound as homebuyers and investors rush to acquire a dwindling supply of properties and the Federal Reserve pushes down borrowing costs by buying mortgage bonds. That's strengthening the ...
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first direct Launches 3 Best in Class Mortgages
PR Newswire (press release)
first direct, recent winner of the Consumer Moneyfacts Remortgage Buyers' Choice award, will launch three market-leading mortgages on Friday 15 March 2013. Borrowers with a 35% deposit or equity will be able to take advantage of the new rates which ...
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New Trier grad facilitates low mortgages for veterans
Wilmette Life
VA mortgages are loans that are backed by the government, where veterans do not have a down payment requirement. The rates are also slightly lower than conventional mortgage rates, and there's no mortgage insurance required, which makes the rates ...
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Consumer's Union recommends reverse mortgages alternatives
kjrh.com
"Instead of you making monthly mortgage payments to the lender, the lender gives you a monthly payment, or a lump sum payment or a line of credit that goes against the equity in your home," explains Norma Garcia, of Consumers Union. It's marketed to an ...
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Refinancing TCHC mortgages could free up $93.5 million for repairs, says Bailao
Toronto Star
A special working group is recommending that city council refinance 18 Toronto Community Housing Corp. mortgages due this year to unlock $93.5 million that can be used for repairs, said Councillor Ana Bailao, the group's chair, on Thursday. The pending ...
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Toronto Star
The Majority Find Mortgages Stressful
Canadian Mortgage Trends
For younger borrowers (those age 18-34), 56% said that researching and comparing offers made the process more difficult. That's understandable since banks and trust companies, alone, quote rates on over 300 products. And that doesn't include the ...
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With One-Third Of Montgomery County Homeowners Underwater On Their ...
RealEstateRama (press release)
DAYTON, OH – March 15, 2013 – (RealEstateRama) — With one-third of Montgomery County homeowners underwater on their mortgages, U.S. Sen. Sherrod Brown (D-OH) unveiled a plan that would improve the housing market by addressing "short sale" ...
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US Mortgage Applications Decrease As 30-Year Mortgage Rates Rise
Daily Markets (press release)
This week mortgage applications decreased by 4.7% compared to last week while 30-year mortgages increased their rates by 0.11%, which, according to Freddie Mac, is the largest increase in mortgage rates we have seen this year. 30-year fixed-rate ...
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Daily Markets (press release)
No across board write-down of mortgages– Noonan
Irish Independent
In the wake of the Government's new mortgage arrears plan, the minister also admitted there will be an increase in repossessions as the banks move towards resolving the mortgage crisis. However, Mr Noonan said repossessions would be a "residual option ...
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COMMENT: In new plan, banks will call shots on mortgages
The Sunday Business Post
The spectre of home repossessions loomed large as the government announced details of its plans for banks to deal with the mortgage crisis. The government initiatives amount to an expression of what they would like the banks to do. But ultimately the ...
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First-time buyer lending rises by 24%
moneyfacts.co.uk
A total of 15,900 first-time buyer mortgages were approved during the first month of this year, representing the largest volume recorded in January since 2008. For the third consecutive month, first-time buyer loans made up 42% of all mortgages advanced.
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UK wins ground in European mortgage directive negotiations
Money Marketing
Proposals to regulate buy-to-let mortgages in the same way as residential loans are set to be scrapped from the European mortgage directive. Negotiations for the directive were held in Brussels last week between member states, European commissioners ...
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Money Marketing
Mortgages for first time buyers: Rate cut at Chelsea
FirstRungNow
Today (March 15th) has seen Chelsea Building society bring down the rate on a fixed rate mortgage option that could interest first time buyers. This 75 per cent loan to value option has seen its rate cut from 2.64 per cent to 2.54 per cent. A fee ...
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First Direct launch three new best-buy fixed rate mortgages
MyFinances.co.uk
The lender, recent winner of the Consumer Moneyfacts Remortgage Buyers' Choice award will unveil a new set of fixed rate and tracker mortgages for borrowers with a 35 per cent deposit. They can take advantage of a three-year fixed rate deal with a rate ...
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Keeping It Real: Underwater mortgage holders may be able to refinance
Tracy Press
Freddie Mac is the Federal Home Loan Mortgage Corp., sometimes abbreviated FHLMC. It was created by the Emergency Home Finance Act of 1970 to create a secondary market for home mortgages. It packages these into mortgage-backed securities and ...
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Home sales have plunged almost 16% in a year as price gains slow
Financial Post (blog)
CREA said the government's move to tighten mortgage lending rules in July 2012 has slowed the market, and lower activity is expected until at least the June-to-August peak season. "Until we get well into the summer months, year-over-year comparisons to ...
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Financial Post (blog)
Illinois boosting mortgage help for hardest-hit borrowers
Chicago Tribune
The primary reason for an applicant's denial into the program has been because the homeowner was so far behind on their mortgages that $25,000 wasn't enough to reinstate their mortgages, according to Cami Freeman, IHDA's director of policy and program ...
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Michael McGrath: Coalition's mortgage lifeline deal has left banks in the ...
Irish Independent
Over 143,000 residential mortgages are in arrears and a further 37,000 buy-to-let borrowers are behind on their mortgage payments. This is both an economic and social crisis. If we fail to tackle the problem head on, we are condemning thousands of ...
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Mortgage approvals reach five-year January high
MyFinances.co.uk
The Council of Mortgage Lenders (CML) reports that mortgage lending rose to its highest level for January in five years as the Funding for Lending Scheme (FLS) helped push up mortgage approvals for first-time buyers. In January there were 38,300 ...
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Friday Round-Up: LendingTree Gets Into Reverse, CFPB Questioned…Again
Reverse Mortgage Daily
LendingTree announces it's getting into reverse mortgages. In conjunction with its launch of a new, second-generation online loan marketplace, LendingTree this week announced it is getting into reverse mortgages. The online marketplace serves as a ...
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Mortgage Lender Alleges Breach of Contract by ANZ and Columbus
Bloomberg
Pioneer Mortgage Services Pty, a Queensland-based lender, sued Australia & New Zealand Banking Group Ltd. (ANZ) and Columbus Capital Pty, alleging breach of contract regarding a portfolio of mortgages. Pioneer accused the two of going against the ...
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Blogs3 new results for Mortgages
 
CBO | Snapshot of Guarantees of New Residential Mortgages
Before the recent financial crisis, federal agencies and the government-sponsored enterprises Fannie Mae and Freddie Mac guaranteed (meaning, assumed the financial risk for) about half of the total volume of residential mortgages...
ExcitingAds! Gov
With One-Third Of Montgomery County Homeowners Underwater ...
By Ohio RealEstateRama
DAYTON, OH – March 15, 2013 – (RealEstateRama) — With one-third of Montgomery County homeowners underwater on their mortgages, U.S. Sen. Sherrod Brown (D-OH) unveiled a plan that would improve the housing market by ...
U.S. States
GSE mortgage guarantees to slide in the coming years | HousingWire
By cmlynski
By 2012, more than 95% of new mortgages were guaranteed by federal agencies and the GSEs. However, that percentage will drastically drop in the coming years "under current law, as the effects of financial crisis continue to subside and the ...
HousingWire

Web5 new results for Mortgages
 
One-third of area mortgages are underwater - Dayton Daily News
Thirty-six percent of Montgomery County homeowners have negative equity, according to figures from national real estate company Zillow Inc.
www.daytondailynews.com/news/business/...one.../nWq8y/
Tax Dollars Are Paying Florida Mortgages for Felons, Debtors ...
While thousands of responsible Floridians struggle to keep their homes, a federal mortgage assistance program is making loan payments for felons, tax ...
www.theledger.com/article/20130310/news/130319993
Home Mortgages :: Community State Bank
Community State Bank has earned the reputation as one of the most flexible and customer-friendly mortgage lenders in our area. We want to work with you; ...
https://communitystatebank.net/personal/home-mortgages
Rochester Mortgages Unlimited - Rochester, MN
Specialties: Low Downpayment loans, Purchase loans, Refinance loans, debt consolidation mortgages, Less than Perfect Credit welcome, 0 Down Mortgages, ...
www.yelp.com/biz/rochester-mortgages-unlimited-rochester
Assumable mortgages....? - myFICO® Forums
I looked at a house a few weeks back before I bid on my current choice and the realtor said they had an assumable mortgage with FHA. They just refi'e.
ficoforums.myfico.com/t5/Mortgage-Loans/.../td.../1963235


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