Mortgages Journal Archive: May 23, 2007

Last Entries

Up, Up and Away: Mortgage Rates Make a Run at 7-Month High
A Quick Update:  Mortgage bond prices have deteriorated significantly in recent days, resulting in a rate spike of roughly .5% for most mortgage products.  This a level we have not s...
http://behindthemortgage.typepad.com/behind_the_mortgage/index.rdf

American Express to let cardholders charge mortgage payments (CNNMoney.com)
You pay hundreds, sometimes thousands, of dollars on your mortgage every month. Just imagine how many rewards points that could earn on your plastic. Now, American Express is aiming to make that a rea...
http://finance.yahoo.com/rss/mortgages

Virgin Acquires Majority Stake In Family-Centered Mortgage Company
Never underestimate Sir Richard Branson. The mega-millionaire Brit has been an innovator from the beginning of his career and now it is hard to remember exactly when and where that started becaus...
http://www.mortgagenewsdaily.com/rss.asp

Mortgage apps keep climbing (CNNMoney.com)
Mortgage applications resumed their recent runup last week, despite an increase in interest rates, according to the latest report by the Mortgage Bankers Association.
http://finance.yahoo.com/rss/mortgages

Fed proposes changes to consumer credit-card disclosures (at MarketWatch)
SAN FRANCISCO -- The Federal Reserve Board proposed new credit-card disclosure rules Wednesday, noting that consumers often ignore their credit-card statements' fine print and throw out important...
http://finance.yahoo.com/rss/mortgages

Homeowners facing foreclosure (at MarketWatch)
A story published on May 22 incorrectly cited a statistic from the Mortgage Bankers Association. According to the trade group, one quarter of one percent of all homeowners will ultimately face foreclo...
http://finance.yahoo.com/rss/mortgages

CORRECT: Mortgage banker defends subprime loans (at MarketWatch)
WASHINGTON -- The chief of the Mortgage Bankers Association defended the use of subprime loans Tuesday, saying they've enabled millions of Americans to buy homes and urging that a fix for that se...
http://finance.yahoo.com/rss/mortgages

Speed of subprime bust surprised lenders (CNNMoney.com)
The subprime mortgage meltdown has been a shock to industry insiders, but now they say it's hitting harder and faster than expected - even to those who predicted the crisis in the first place.
http://finance.yahoo.com/rss/mortgages

Trends in home equity (Bankrate.com)
Record default levels have been hard on both home equity lenders and borrowers, necessitating change.
http://finance.yahoo.com/rss/mortgages

Income checks needed for loans, regulator says (at MarketWatch)
WASHINGTON -- Banks need to know a potential borrower's real -- not stated -- income when a subprime loan is applied for, a top U.S. banking regulator said Wednesday, as problems in the subprime ...
http://finance.yahoo.com/rss/mortgages

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