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Check back here often for the latest news affecting homeowners and would
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you become aware of new trends upcoming homebuyers programs and other new
developments in real estate and mortgage lending.
 Mortgage Brokers as Naysayers (New York Times)
New York?s borrowers could notice a different tone in their discussions with mortgage brokers in coming months.
N.C. tightens down on mortgage industry (The Charlotte Observer)
North Carolina is about to make it more difficult to work in the mortgage industry. A series of new rules – designed to help consumers – add several requirements before someone could be licensed as a loan officer or as a mortgage banker or broker. First proposed a year ago, the changes come at a time of increased scrutiny for the industry. Among the rules: Someone applying to become a loan ...
Mortgage relief bill expected to pass (The Columbus Dispatch)
WASHINGTON --When the Senate returns Monday from its Fourth of July recess, members will try again to pass a stalled package of mortgage relief and reform that could have a major impact on homeowners in Ohio, where foreclosures have become a crisis.
Judge sentences man to 6 years for mortgage fraud (Sun-Sentinel)
Defense says no one lost any money Yes, he broke the law. But did a Broward man labeled an "economic outlaw" by federal prosecutors cause real financial harm by fraudulently obtaining mortgage loans in a booming real estate market?
Mortgage broker pleads guilty to federal charge (The Barre Montpelier Times A...
BURLINGTON -- 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. ...
Two lenders trim mortgage costs (BBC News)
The Nationwide and Abbey are cutting their mortgage rates slightly - but mainly for those with large deposits.
New Breakthrough "Mortgage Reduction Software" Just Released (PRWeb)
Mortgage reduction software saves homeowners thousands of dollars and builds principal equity in homes without any extra money out of the homeowner's pocket. Service doesn't require any refinancing, home appraisals, credit reports, closing costs, or changing of lenders. Software also works with any existing mortgage. (PRWeb Jul 5, 2008) Read the full story at ...
Fortes Financial Secures National City Mortgage Wholesale Division (Commercia...
Fortes Financial Inc. has completed the assumption of five regional wholesale offices formerly belonging to National City Mortgage Corp. Ownership of Genesee Executive Plaza in San Diego has just changed hands, courtesy of a transaction valued at $56 million.
Lenders face challenges as mortgage rates reset this summer (Austin American-...
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.
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