Archive for April, 2008

Sector Glance: Mortgages mixed after Fed rate cut (AP via Yahoo! Finance)

Shares of mortgage lenders were mixed Wednesday after the Federal Reserve did not indicate it planned to stop cutting interest rate targets, as some people expected.

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April 30 2008 | Home Loan Mortgage Blog | No Comments »

Fitch Affirms $262.2MM & Downgrades $6.1MM from 5 Fremont Home Loan Trust Subprime Transactions (Business Wire via Yahoo! Finance)

NEW YORK—-Fitch Ratings has taken the following rating actions on Fremont Home Loan Trust mortgage pass-through certificates. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are removed from Rating Watch Negative.

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

Mortgage rate rises gathering pace (Channel 4)

Mortgage rates have increased during the past week despite moves by the Bank of England to ease the problems in the money markets, figures showed.

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

Federal Home Loan Banks’ Preliminary 1Q Net Up 12% (Nasdaq)

Federal Home Loan Banks preliminarily reported a 12% rise in first-quarter net income, as strength in the rest of the country’s banks more than offset losses and write-downs at the Federal Home Loan Bank of Chicago.

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

Should I Consolidate My Debts? (Carteret County News-Times)

(ARA) - When you are in debt, it seems like whatever amount of money you owe is overwhelming. If you find yourself wondering if debt consolidation is a possible solution for your financial trouble, you owe it to yourself to look into it.

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

Fed interest rate cuts prove calming to sub-prime mortgage resets (Los Angeles Times)

Home loan payments are going up modestly — by just 1% on average in March, a study shows. The great mortgage reset of 2008 isn’t turning out quite as advertised.

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

NAB raises mortgage rate (The Age)

National Australia Bank lifts its variable mortgage rate by 10 basis points.

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

Mortgage pain pinches more home owners (Canberra Times)

The traditional definition of mortgage stress, where someone spends a third of their income on home loan repayments, is being challenged.

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

ASB cuts 18 month mortgage rate (The New Zealand Herald)

ASB has made a move to appeal to those homebuyers looking for around for a 1 or 2 year fixed rate mortgage, cutting its “fighting” 18 month rate to 9.55 per cent from 9.75 per cent.

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April 20 2008 | Home Loan Mortgage Blog | No Comments »

Mortgage fees add to loan payment pain (Sunday Herald)

borrowers could be paying over the odds for their mortgage because they do not pay the arrangement fee upfront. Instead, it is added to the home loan.

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April 20 2008 | Home Loan Mortgage Blog | No Comments »

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