Posts Tagged ‘mortgage’

New mortgage rules introduced to lessen mortgage crunch risks: sources say

New mortgage rules introduced to lessen mortgage crunch risks: sources say
The federal government is expected to announce new rules Tuesday that would make it more difficult for first-time buyers to enter Canada’s hot housing market.

Read more on Times & Transcript

When a lender is restricted from calling a mortgage due

When a lender is restricted from calling a mortgage due
Q: My wife and I are getting divorced. I am prepared to give her the family home so our children will not be disrupted. Our mortgage lender will not relieve me of our joint obligation to make the monthly payments, but I hope that will not be a problem. We have been told that a lender can use the “due on sale” clause in the mortgage documents to block this transaction. Can this happen?

Read more on Washington Post

73-year-old man robs banks to pay mortgage

73-year-old man robs banks to pay mortgage
Tampa Police say James Bruce admitted to robbing three banks to pay his mortgage.

Read more on ABC Action News Tampa Bay

30-year mortgage rates top 5 percent

30-year mortgage rates top 5 percent
Rates on 30-year fixed mortgages rose slightly this week, inching above 5 percent, Freddie Mac said Thursday.

Read more on Washington Post

(AFX UK Focus) 2010-01-27 10:29 Norway c.bank chief says some mortgage ratios high

(AFX UK Focus) 2010-01-27 10:29 Norway c.bank chief says some mortgage ratios high
OSLO, Jan 27 (Reuters) – The Norwegian central bank chief said in a speech on Norwegian housing finance on Monday that loan-to-value ratios were in some cases alarmingly high. “I think it’s fair to say that housing finance in Norway is in its infancy,” the published text to Governor Svein Gjedrem’s speech said.

Read more on Interactive Investor

Lenders start sign up on ‘piggyback’ mortgage plan

Lenders start sign up on ‘piggyback’ mortgage plan
Mortgage companies are finally starting to sign up for a long-delayed piece of the Obama administration’s $75 billion foreclosure-prevention program.

Read more on AP via Yahoo! News

One-fourth who received fed mortgage aid still can’t pay

One-fourth who received fed mortgage aid still can’t pay
About 25 percent of homeowners who received trial loan modifications through President Barack Obama ’s foreclosure prevention plan aren’t keeping up with their reduced payments, the Treasury Department said Friday.

Read more on The Charlotte Observer

Mortgage Lender Hits Latham and Manatt With Malpractice Suit

Mortgage Lender Hits Latham and Manatt With Malpractice Suit
Latham & Watkins and Manatt Phelps & Phillips are the targets of a malpractice lawsuit filed by ECC Capital, which accuses the firms of botching a deal to sell its mortgage-origination business and a subprime-loan portfolio to Bear Stearns.

Read more on Law.com via Yahoo! Finance

Mortgage Bonds ‘Leading the Pack’ as Debt Rallies (Update1)

Mortgage Bonds ‘Leading the Pack’ as Debt Rallies (Update1)
Jan. 11 (Bloomberg) — Prices for U.S. home-loan bonds without government-backed guarantees soared, pushing one class of debt almost 20 percent higher than a month ago.

Read more on Bloomberg

Gloria L. Kotschevar Joins HomeBanc as Mortgage Loan Officer

Gloria L. Kotschevar Joins HomeBanc as Mortgage Loan Officer
TAMPA, FL–(Marketwire – January 8, 2010) – Tampa-based HomeBancorp, Inc. has named Gloria L. Kotschevar as Mortgage Loan Officer for HomeBanc. She is based in HomeBanc’s Bonita Springs office, located at 24830 South Tamiami Trail, Suite 3500. Ms. Kotschevar brings to HomeBanc more than 30 years of mortgage lending experience. She can be reached at (239) 444-6603 or gloria …

Read more on Marketwire