* You are viewing the archive for March 6th, 2008
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Hawaii mortgage rates hold steady
Bizjournals.com, NC - Mortgage rates at Hawaii's largest lenders barely budged this week, even as the national average rate for a 30-year fixed-rate loan fell by nearly a quarter … Mortgage Rates Drop US 30-year mortgage rates fall in latest week Mortgage rates down on weak economy |
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 Turkish Press |
Citigroup to Pare Mortgage Holdings by $45 Billion (Update2)
Bloomberg - By Jody Shenn March 6 (Bloomberg) — Citigroup Inc., the fourth-largest US home lender by new loan volume, plans to pare its US residential unit's mortgage… Citigroup to overhaul troubled US mortgage business Citigroup to shrink mortgage portfolio Citi slashes mortgage holdings by $45 billion |
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 Boston Globe |
2nd UPDATE:Citi To Scale Back Mortgage Operations To Free Up Capital
CNNMoney.com - The core of Citigroup's mortgage plan is to cut back the number of loans on its books. The bank said Thursday it plans to reduce its $200 billion portfolio … US mortgage bond plunge raises doubts on GSE help Aversion to Risk Deepens Credit Woes Mortgage Stocks Slump Amid Margin Calls |
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One phrase you may have heard bounced around in financial or property circles is ‘offset mortgage’. The word ‘mortgage’ alone can be daunting to some, yet an offset mortgage can mean financial freedom at a much quicker rate for some homeowners.
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 RTT News |
Thornburg Mortgage Stock Plummets
Houston Chronicle, United States - 2008 AP NEW YORK — Thornburg Mortgage Inc. shares plunged more than 50 percent after a lender issued a default notice, prompting bankruptcy fears and … Thornburg Mortgage's issuer default rating cut to RD by Fitch Fitch cuts Thornburg Mortgage's issuer rating Thornburg Mortgage Plunges On Downgrades, Bankruptcy Fear |
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 Turkish Press |
Crisis deepens in US mortgage market
Financial Post, Canada - NEW YORK — The crisis in the US home-lending market, hit by souring subprime mortgages, is set to deepen. After surging in popularity during the US housing … US Mortgage Foreclosures Rise as Owners `Give Up' (Update3) Md. foreclosures rising fast, mortgage group says Mortgage Defaults Reach a New High |
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 Wall Street Journal |
Mortgage Stocks Rocked
Forbes, NY - Mortgage-related stocks tumbled on Thursday following a raft of downgrades and defaults by two of the industry's leading players. … US STOCKS-Mortgage woes, economic worry sink Wall St Major US homes lender near bankruptcy Bankruptcy fears roil markets amid margin calls |
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 RTT News |
Merrill stops originating First Franklin mortgages
MarketWatch - Merrill is the latest investment bank to scale back its mortgage business amid rising defaults and falling prices in the US real estate market. , , ) said … Merrill Lynch Discontinues First Franklin Mortgage Origination … Merrill to discontinue First Franklin mortgage origination … Merrill Lynch Ends Mortgage Origination At First Franklin |
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 KNX1070 |
FHA Raises Mortgage Limits In High-Cost California Counties
Wall Street Journal - By SARA MURRAY The Federal Housing Administration raised the mortgage limits to a maximum of $729750 for 14 high-cost counties in California, … Bush and Fed Step Toward a Mortgage Rescue Tens of Thousands Could Benefit from Higher Government-Insured … Hedging Ben |
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Most people focus on the current mortgage interest rates when shopping for a home loan. Interest rates are certainly important, but they do not represent the only significant expense associated with financing a home. When you are making plans to purchase a new home, it is important to consider the big picture of all the fees associated with getting a mortgage, rather than focusing solely on interest rates.
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