Archive for February, 2008

UK January mortgage approvals unexpectedly up (Reuters via Yahoo! News)

British mortgage approvals unexpectedly picked up in January from a series low, but mortgage lending rose at its weakest rate in two and a half years, according to Bank of England data on Friday.

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February 29 2008 | Home Loan Mortgage Blog | No Comments »

Federal Home Loan Bank of San Francisco Releases January 2008 Cost of Funds Index (wallstreet:online AG)

The Federal Home Loan Bank of San Francisco announced February 29, 2008, that the 11th District Monthly

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February 29 2008 | Home Loan Mortgage Blog | No Comments »

Wall St gains as government loosens home loan reins (Reuters via Yahoo! News)

Stocks gained on Wednesday on news that the government will let the two biggest U.S. home loan finance companies invest more money in the weak housing market in a move that could help revive the economy.

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February 28 2008 | Home Loan Mortgage Blog | No Comments »

Economist says Fed rate cuts not enough (UPI)

A leading U.S. economist Thursday said U.S. Federal Reserve interest rate cuts do not address fundamental problems facing the mortgage banking industry.

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February 28 2008 | Home Loan Mortgage Blog | No Comments »

Sponsored listings for Debt Consolidation: (CNI)

Debt consolidation Good Credit Pays Off. Request Up To $35K For Debt Consolidation. www.BankofAmerica.com

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February 26 2008 | Home Loan Mortgage Blog | No Comments »

• Seek for a Mortgage Advice to Get the Best Loan (Turks.US)

Buying a home for the first time can be very exciting time for anybody’s life. But this can be a stressful process with some individuals. If you want to buy a home, you need to look into your finances. If you are not familiar with all of these things, you can consider getting mortgage advice.

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February 26 2008 | Home Loan Mortgage Blog | No Comments »

Post Office reduces mortgage rate (Banking Business Review)

Post Office Financial Services has made a further rate cut to its three-year fixed rate mortgage taking it to 5.34%.

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February 26 2008 | Home Loan Mortgage Blog | No Comments »

American Home Settles With Indymac (AP via Yahoo! Finance)

American Home Mortgage Investment Corp. says Indymac Bancorp Inc. has agreed to complete by March 3 a deal to take over 83 loan offices idled by American Home’s collapse into bankruptcy last year.

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February 25 2008 | Home Loan Mortgage Blog | No Comments »

Is your adjustable rate mortgage about to adjust? (The State)

Is your adjustable rate mortgage about to adjust? We want to hear what your plans are for coping with this event. Contact Ben Werner business reporter at The State at (803) 771- 8509 or by e-mail at bwerner@thestate.com . Please leave a day time phone number.

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February 25 2008 | Home Loan Mortgage Blog | No Comments »

Mortgage loan crisis may spill over into student loans (The Wichita Eagle)

If you want to borrow a lot of money for college, you are not going to like what the mortgage mess is doing to you. The credit crunch, which started with a panic over people missing home loan payments several months ago, has spread like a disease, infecting a broad range of loans. Now it may poison opportunities for college students to obtain some loans and is adding painfully high interest …

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February 24 2008 | Home Loan Mortgage Blog | No Comments »

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