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Mortgage News

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


03/15/2010 07:18 AM
Federal Reserve may tip hand on interest rates

WASHINGTON a ' Federal Reserve policymakers may signal at their meeting this week how and when the improving economy will lead them to start raising record-low interest rates.


03/15/2010 02:52 AM
Death of Mortgage Refinance Pt. 2: EPIC Drop in Home Refis Took Place Already

Matter of fact, due to the huge flip flop in market share over the past couple years, the data is ridiculously off.'' Note: Comments may take a few minutes to show up on this page.


03/14/2010 10:22 PM
Mother probably won't face tax penalty for not filing

DEAR BRUCE: I recently took over my mother's accounting. She was a full-time RV resident for many years, and someone told her that she didn't have to file taxes since she made less than $7,000 a year, so she didn't file for all of 30 some years.


03/14/2010 05:50 PM
Dodd seeks middle ground on new rules

The senator trying to rewrite the nation's financial industry rules is dropping plans to create a stand-alone consumer financial protection agency and give a single regulator the power to oversee all banks, according to people familiar with the evolving proposal.


03/14/2010 01:34 PM
Sen. Fraser to fight for Heritage Center

The Heritage Center project is alive again, part of the capital-budget negotiations that will accelerate Monday when state lawmakers return for their special session to complete work on budgets and a jobs package.


03/14/2010 09:23 AM
Mortgage plan to assist 16 percent of borrowers

WASHINGTON - The Obama administration's mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, while hundreds of thousands of homeowners remain in limbo.


03/14/2010 04:55 AM
Mortgage rates remain below 5 percent

William Rast, the contemporary fashion label by Justin Timberlake and longtime friend Trace Ayala, marched a parade of biker styles down the runway at New York Fashion Week Wednesday night in a collection dubbed "New America." Read more... Cult hit inspires style, for 'Shore' By Michelle R. Smith Mar 11 Hair gel and hair extensions, tanning and ...


03/13/2010 11:37 PM
Lloyds allows mortgage-holders to pay off quickly

The BBC has reported that Lloyds Banking Group has been encouraging its borrowers to pay off their mortgages early.


03/13/2010 07:09 PM
Life is coming back to downtown Miami as condos fill up with new residents

From the smoldering embers of the downtown Miami condo collapse, a bright spot is emerging: a community of full-time residents slowly starting to turn the area into a 24/7 city.


03/13/2010 02:47 PM
Man accused of masterminding mortgage fraud is denied bail reduction

James B. Duncan, accused of masterminding a $142 million mortgage and securities fraud based in Murrieta, Thursday was denied a reduction of his $5 million bail by a judge who said Duncan poses a threat to public safety.


03/13/2010 10:28 AM
Columbus Accountant and Realtor Plead Guilty to Mortgage Fraud

Dennis Sartain of Hilliard, Ohio, and Bonnie Helt, of Columbus, Ohio, pleaded guilty on to conspiring to commit mortgage fraud, money laundering and obstruction of justice.


03/13/2010 06:14 AM
Wells Fargo, Baltimore in Talks After Mortgage Suit

Baltimore sued the fourth-largest U.S. bank in January 2008, accusing it of steering minority borrowers to expensive home loans, resulting in economic harm to the city.


03/13/2010 01:49 AM
Plan to push financial reform bill forward could be giant step back

Dodd's vow to move ahead with a measure without Republican support could deal a devastating blow to Congress' efforts to pass a sweeping overhaul.


03/13/2010 01:38 AM
Three More Banking Failures Bring Year's Total To 30 | Problem Bank List

The banking failures continue as regulators closed three more failed banks in New York Florida and Louisiana...


03/13/2010 01:35 AM
New round of foreclosures threatens housing market

The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize.


03/12/2010 10:01 PM
Government mortgage plan aids 16 percent of borrowers

The Obama administration's mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, while hundreds of thousands of homeowners remain in limbo.


03/12/2010 05:41 PM
Police: Tampa Man, 73, Robs Three Banks To Pay Mortgage

The 73-year-old man charged with robbing three Tampa banks to pay his mortgage has been released from jail.


03/12/2010 01:30 PM
Positive trade, housing data suggest economic recovery taking hold

There are more signs that the Canadian economy is getting healthier and stronger, with housing and trade data adding to recent reports that suggest a recovery is indeed taking hold.


03/12/2010 09:15 AM
Mortgage approvals fall by half

Just 32,000 mortgages were approved in January compared to 62,800 in December, the CML said, as first-time buyers deserted the market Mortgage approvals fell back in January as first-time buyers deserted the market.


03/12/2010 04:58 AM
Australian banks gouging customers says RBA

Australia's big four banks have been accused of profiteering by hitting customers with unwarranted interest rate rises.





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