* You are viewing the archive for July, 2008
Newspapers are full of stories about how hard it is to get a reasonably priced mortgage. Rates are going up by the day. Nationwide recently followed the general trend by putting up its fixed rates by another 0.3% to 6.45%.
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If you have been reading the articles about jumbo or proprietary reverse mortgages available, you may be wondering what is going on. A jumbo or proprietary reverse mortgage is any program that is not the FHA, government insured Home Equity Conversion Mortgage (HECM or “Hek-um”) or the Federal National Mortgage Association HomeKeeper Program.
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Mortgage company accused of fraud
Boston Herald, United States - By AP CONCORD, NH - A mortgage company that does business in New Hampshire, Maine and Massachusetts has been accused of fraud in New Hampshire. … |
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With the credit crunch being the most talked about financial news in the past few months, it is hardly a comfort to hear that those who are paid to supply us with advice are not doing their job properly.
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 Seattle Post Intelligencer |
Provisions of housing-mortgage relief bill
The Associated Press - ___ Homeowners struggling to make payments on high-interest mortgages can contact their banks and transform their loans into government-backed, … Sweeping legislation offers some relief for home, mortgage markets Bush Signs Housing Bill For Mortgage Relief Bush signs housing relief bill |
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Why do people want commercial mortgages? In most cases, it will be to obtain a property that meets the needs of their business.
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Just how bad will things get in the housing market? Look at the state of Britains tenth largest mortgage lender Bradford & Bingley and it is clear the answer is very bad indeed.
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Mortgage Servicers Set Monthly, Quarterly Records For Helping …
MarketWatch - HOPE NOW, the private sector alliance of mortgage servicers, counselors, and investors that is working to help prevent foreclosures in the midst of the … 181000 troubled homeowners get help Hope Now Announces Record Number of Mortgage Workouts and Results … MBA’s Kittle Testifies on Mortgage Servicing |
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 ITV.com |
UK Mortgage Report Sees Pain Into 2010
Wall Street Journal - By LAURENCE NORMAN LONDON — A key report on the UK mortgage-market crunch on Tuesday said it will take a couple of years for the market to normalize. … No silver bullet for mortgages, UK is warned Housing crisis: Three years of mortgage famine with no return to … Mortgage finance report suggests funding gap higher than thought |
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Good news for borrowers as mortgage rates fall at last
Independent, UK - By David Prosser, Depity Business Editor HSBC will today become the latest in a series of large mortgage lenders to trim the cost of its home loans, … HSBC latest to cut mortgage rates Mortgage rates 'past peak' Woolwich cuts buy-to-let mortgage rates |
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