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Related News

NY Fed begins purchasing mortgage securities
The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.

Refinancing for less
Question: I'm refinancing my mortgage, and my lender tells me that I need to get a new title insurance policy, which will cost more than a thousand dollars. We haven't made any changes to our home, and there aren't any outstanding liens on the property. Is there any way around this fee?

One In 10 U.S. Homes Has Mortgage Arrears Or Facing Foreclosure Action
The number of U.S. homes which may likely be foreclosed this year is expected to jump to 3 million, said RealtyTrac. In 2005, only 800,000 houses were foreclosed at the peak of the real estate market. - Mon, 5 Jan 2009 08:39:37 GMT

Dream homes: Who's buying?
From California to D.C., falling home prices and cheaper mortgage rates are making dream homes possible.

Mortgage rationing gets tougher
Mortgage lenders are continuing to demand larger deposits as they ration home loans to their customers.

Mortgages: An Erratic Year for Mortgage Rates
When it comes to mortgage rates, 2008 may be remembered as the year the market went haywire.

Private equity group buying IndyMac assets
The assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, which are putting up $1.3 billion in cash.

Private equity group buying IndyMac assets
Reuters - The assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, which are putting up $1.3 billion in cash.

Fannie says IndyMac has $1 bln in mortgage obligations: report
Reuters - Fannie Mae , the largest U.S. home funding company, believes that failed mortgage lender IndyMac has obligations to repurchase around $1 billion of home mortgages that failed to meet Fannie's standards, the Wall Street Journal said, citing people familiar with the situation.

Fresh low for mortgage approvals
Mortgage approvals fell in November to their lowest level for at least nine years, says the Bank of England.

Business Briefing | Company News: Fannie Mae Seeks to Force Mortgage Buyback
Fannie Mae is in talks with the Federal Deposit Insurance Corporation and IndyMac to force it to buy back certain mortgages.

Mortgage rates hit fresh 37-year low
Rates on mortgage loans are the lowest in the 37-year history of the Freddie Mac Primary Mortgage Market Survey, according to a weekly report released Wednesday.

Mortgage crisis spurs tougher rules for brokers
AP - Becoming a mortgage broker in Indiana used to be easy. Too easy.

Jobless claims dive while mortgage rates ease again
U.S. weekly jobless claims plummeted last week but the improvement was probably a seasonal quirk rather than a turning point for the recession-ravaged labor market.

Jobless claims dive while mortgage rates ease again
Reuters - U.S. weekly jobless claims plummeted last week but the improvement was probably a seasonal quirk rather than a turning point for the recession-ravaged labor market.

Mortgages: What You Need to Know in 2009
With all the doom and gloom over housing, you might be surprised to know that this is a fantastic time to get a mortgage. Not if you have poor credit, to be sure. But you can get a great deal on a 30-year, fixed-rate, conforming loan these days if you have a solid FICO score, a manageable debt burden, and proof positive of a reliable income.

Mortgage rates drop to another new low: Freddie Mac
Reuters - Interest rates on U.S. 30-year fixed-rate mortgages dropped for a ninth consecutive week, reaching their lowest level in 37 years, according to a survey released on Wednesday by home funding company Freddie Mac.

Mortgage rates drop to another new low: Freddie Mac
Interest rates on U.S. 30-year fixed-rate mortgages dropped for a ninth consecutive week, reaching their lowest level in 37 years, according to a survey released on Wednesday by home funding company Freddie Mac.

Mortgage applications remain at 5-year highs
AP - Mortgage applications remained at their highest level in more than five years last week, as borrowers took advantage of attractive rates and rushed to refinance their home loans.

Mortgage applications at 5-year highs
Mortgage applications were at their highest level in more than five years last week, as borrowers took advantage of attractive rates and rushed to refinance their home loans.

Mortgage Rates Make Gains
Mortgage rates increased slightly last week for the first time since early November. The weekly average rates for 30-year fixed mortgages increased to 5.07 percent, up from 4.96 percent the week before. - Wed, 31 Dec 2008 08:26:58 GMT

Mortgage applications unchanged at 5-year peak
Read full story for latest details.

Mortgage payments 'a priority'
UK homeowners are no longer funding spending by cashing in on the value of their homes, official figures confirm.

How one family's mortgage is linked to meltdown
Cynthia Goldrick's daughter is in and out of the hospital for brain surgery, her mother has Stage 4 lung cancer and her father has moved into a home for the elderly.

How one family's mortgage is linked to meltdown
Reuters - Cynthia Goldrick's daughter is in and out of the hospital for brain surgery, her mother has Stage 4 lung cancer and her father has moved into a home for the elderly.


Les Choad
Wealth Institutes