Two lenders trim mortgage costs (BBC News)
The Nationwide and Abbey are cutting their mortgage rates slightly - but mainly for those with large deposits.Mortgage broker pleads guilty to federal charge (Boston Globe)
The owner of a defunct South Burlington mortgage brokerage is facing up to 20 years in prison after pleading guilty to a federal wire fraud charge.
Lenders face challenges as mortgage rates reset this summer (Austin American-Statesman)
The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the efforts of lenders to keep those people out of foreclosure and stabilize the housing market.
Cagamas HKMC to tap into existing mortgage loans (The Star)
KUALA LUMPUR: Cagamas HKMC Bhd hopes to tap into existing mortgage loans in financial institutions as well as new loans for its newly launched mortgage guarantee programme.
Top three UK mortgage lenders cut some of their rates (Daily Telegraph)
Britain's three biggest lenders have cut some of their mortgage rates, raising hopes that the worst of the turmoil in the mortgage market may be over. By Harry Wallop, Consumer Affairs Correspondent.
CAGAMAS HKMC LAUNCHES NEW MORTGAGE GUARANTEE FACILITY (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, July 4 (Bernama) -- Cagamas HKMC Bhd is offering a new mortgage guarantee facility, the Mortgage Guarantee Programme (MGP), to financial institutions particularly mortgage originators.
Mortgage rates drop, snapping a 3-week climb (CNN Money)
Rates on 30-year fixed mortgages fell for the first time in three weeks after the Federal Reserve said last week that it expects inflation to level off, according to mortgage backer Freddie Mac.
What's a balloon mortgage? (Louisville Courier-Journal)
A: A balloon mortgage requires you pay off the entire balance early, usually after five or seven years of paying on a normal 30-year schedule. Some balloon mortgages reset, meaning you have the option of continuing making payments, but at a new interest rate. To take advantage of the reset, you typically have to still live in the house, have a record of paying your mortgage on time and have no ...
Mortgage broker pleads guilty to federal charge (WCAX-TV Vermont)
Associated Press - July 4, 2008 8:35 AM ET BURLINGTON, Vt. (AP) - The owner of a defunct South Burlington mortgage brokerage is facing up to 20 years in prison after pleading guilty to a...
Arizonans brace for summer mortgage resets (The Arizona Republic)
The number of adjustable-rate mortgage resets is expected to peak this month in Arizona.