mortgage refinancing - ZoomItIn News Search

News results for mortgage refinancing:

Mortgage rescue may ease rates but will cost taxpayers

Sun, 07 Sep 2008 23:48:24 -0600
Mortgage rates may fall a bit initially. Some delinquent borrowers may have a better shot at modifying their loans. And the rules on new mortgages could slightly change. Oh, and the federal government will help pay for it all, using your tax money
http://www.chron.com/disp/story.mpl/business/5989080.html

Wachovia turns to brokers for refinancing help

Fri, 05 Sep 2008 15:05:20 -0600
In its effort to shed troubled Pick-A-Payment mortgage loans, Wachovia Corp. is turning to outside brokers for help contacting customers about refinancing options, sources have told the Observer. The use of brokers gives the Charlotte bank another way to reach more than 500,000 customers about the possibility of converting their Pick-A-Pay loans into traditional loans. Wachovia, which is ...
http://www.charlotteobserver.com/100/story/173857.html

How will mortgage bailout affect us?

Mon, 08 Sep 2008 01:05:33 -0600
So what does the federal takeover of two mortgage finance giants mean to consumers?
http://deseretnews.com/dn/view/0,5143,700257091,00.html

PRESS RELEASE: Fitch Upgrades Lansdowne Mortgage Secs

Mon, 08 Sep 2008 04:14:18 -0600
Fitch Ratings-London-08 September 2008: Fitch has today upgraded three and affirmed eight tranches of Lansdowne Mortgage Securities No. 1 and No. 2 (LMS1 and LMS2), Irish RMBS transactions originated by Start Mortgages Limited (SML).
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20080...

Virginia gets 6 years in mortgage fraud scheme

Fri, 05 Sep 2008 16:04:45 -0600
A federal judge has sentenced an Alexandria man to nearly six years in prison in connection with a mortgage refinancing scheme.
http://biz.yahoo.com/ap/080905/dc_mortgage_fraud.html?.v=1

Mortgage rates at lowest level since July

Sun, 07 Sep 2008 14:49:33 -0600
WASHINGTON -- Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.35 percent this week, down from 6.40 percent, the previous week.
http://www.heraldnet.com/article/20080907/BIZ/709079963/1005...

Man gets 6 years in mortgage fraud scheme

Fri, 05 Sep 2008 16:07:01 -0600
Associated Press - September 5, 2008 6:05 PM ET ALEXANDRIA, Va. (AP) - A federal judge has sentenced an Alexandria man to nearly six years in prison in connection with a mortgage refinancing...
http://www.wric.com/global/story.asp?s=8961203

The Rescue?s Effect on Consumers

Sun, 07 Sep 2008 19:20:55 -0600
Mortgage rates may fall a bit initially but probably not enough to quickly halt the decline in home prices.
http://www.nytimes.com/2008/09/08/business/08consumer.html?e...

What the Bailout Could Mean for Consumers

Sun, 07 Sep 2008 14:25:58 -0600
Mortgage rates may fall a bit initially but probably not enough to halt the decline in home prices right away.
http://www.nytimes.com/2008/09/08/business/08consumer.html

Outside brokers make calls for bank

Sat, 06 Sep 2008 05:32:25 -0600
In its effort to shed troubled Pick-A-Payment mortgage loans, Wachovia Corp. is turning to outside brokers for help contacting customers about refinancing options, sources have told the Observer. The use of brokers gives the Charlotte bank another way to reach more than 500,000 customers about the possibility of converting their Pick-A-Pay loans into traditional mortgages. Wachovia, which is ...
http://www.charlotteobserver.com/business/story/175440.html

Sorting out the takeover

Sun, 07 Sep 2008 20:39:10 -0600
So what does the federal takeover of the mortgage finance giants Fannie Mae and Freddie Mac mean to consumers? If you have a fixed-rate mortgage, nothing will change.
http://www.startribune.com/nation/27979364.html

BUSINESS BRIEFS

Sat, 06 Sep 2008 00:18:46 -0600
A federal judge has sentenced an Alexandria man to nearly six years in prison in connection with a mortgage refinancing scheme. The U.S. Attorney's Office says 41-year-old John Tsiaoushis also was ordered to pay nearly $4 million in restitution for the scheme, which occurred from 2004 until last November. According to prosecutors, Tsiaoushis carried out the scheme by refinancing two residential ...
http://www.inrich.com/cva/ric/news/business.apx.-content-art...

Fitch Rates Northern States Power - Wisconsin's First Mortgage Bonds 'A+'

Thu, 04 Sep 2008 07:57:16 -0600
Fitch Ratings has assigned an 'A+' rating to Northern States Power Company - Wisconsin's (NSPW) $200 million new issue of 6.375% first mortgage bonds due September 2038. The proceeds will be used to fund the payment at maturity of $80 million of 7.64% senior notes due Oct. 1, 2008. The balance of the net proceeds will be used for general corporate purposes that may include the refinancing of ...
http://www.centredaily.com/business/story/817871.html

Bronson resets bonds

Fri, 05 Sep 2008 23:32:57 -0600
KALAMAZOO -- Bronson Methodist Hospital is refinancing $90 million in bond debt it issued in 2005 because of well-known troubles in the financial markets related to subprime mortgage defaults.
http://www.mlive.com/news/kzgazette/index.ssf?/base/news-30/...

Johns Is. man sues over misplaced records

Fri, 05 Sep 2008 22:14:22 -0600
For David Hair, a simple home refinancing turned into a nightmare. The Johns Island resident restructured his mortgage in late 2005 without problems, but when he began sending his monthly payments to Countrywide Home Loans, company representatives told him they had no record of his loan.
http://www.charleston.net/news/2008/sep/06/johns_is_man_sues...

Outside brokers are helping Wachovia on troubled loans

Fri, 05 Sep 2008 22:42:03 -0600
CHARLOTTE -- In its effort to shed troubled Pick-A-Payment mortgage loans, Wachovia Corp. is turning to outside brokers for help contacting customers about refinancing options, sources have told The Charlotte Observer .
http://www2.journalnow.com/content/2008/sep/06/outside-broke...

30-year mortgages dip slightly to 6.35 percent

Sun, 07 Sep 2008 05:37:09 -0600
WASHINGTON, D.C. (AP) - Rates on 30-year mortgages fell for a third consecutive week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.35 percent last week, down from 6.40 percent the previous week.
http://www.hometownannapolis.com/cgi-bin/read/2008/09_07-71/...

Harness Your Bargaining Power

Sat, 06 Sep 2008 01:18:36 -0600
Aborrower negotiating the terms of a mortgage with a lender or mortgage broker is in what economists call a "bilateral bargaining process." Only two parties are involved, and the terms arrived at depend in part on their respective bargaining power.
http://www.washingtonpost.com/wp-dyn/content/article/2008/09...

House foreclosure killed queens resident

Mon, 08 Sep 2008 00:03:36 -0600
The day Lucille Henry died, her family blamed high blood pressure, persistent diabetes - and the foreclosure on her Queens home. Just nine days before her death, Henry nearly collapsed at a court hearing on her home foreclosure.
http://www.nydailynews.com/ny_local/queens/2008/09/07/2008-0...

GMAC to cut 5,000 jobs at ResCap mortgage unit

Wed, 03 Sep 2008 16:40:11 -0600
GMAC LLC, the auto finance and mortgage company, plans to eliminate about 5,000 jobs at its Residential Capital LLC unit and close all 200 GMAC Mortgage retail offices to combat weak housing and credit markets.
http://news.yahoo.com/s/nm/20080903/bs_nm/gmac_rescap_jobs_d...

GMAC to cut 5,000 jobs at ResCap mortgage unit

Wed, 03 Sep 2008 17:12:35 -0600
NEW YORK (Reuters) - GMAC LLC, the auto finance and mortgage company, plans to eliminate about 5,000 jobs at its Residential Capital LLC unit and close all 200 GMAC Mortgage retail offices to combat weak housing and credit markets.
http://www.washingtonpost.com/wp-dyn/content/article/2008/09...

GMAC plans to cut 5,000 jobs at mortgage unit

Wed, 03 Sep 2008 14:25:25 -0600
The job cuts at GMAC's Residential Capital mortgage unit will affect about 57 percent of ResCap's work force in the United States. GMAC also said it will close all 200 GMAC Mortgage retail offices.
http://www.iht.com/articles/2008/09/03/business/gmac.php

GMAC Plans to Cut 5,000 Jobs at Mortgage Unit

Wed, 03 Sep 2008 13:20:41 -0600
The job cuts at GMAC?s Residential Capital mortgage unit will affect about 57 percent of ResCap?s work force. GMAC also said it will close all 200 GMAC Mortgage retail offices.
http://www.nytimes.com/2008/09/04/business/04gmac.html

Southmoreland's refinancing offers savings

Fri, 05 Sep 2008 10:23:00 -0600
Southmoreland School Board Thursday voted to refinance $9.505 million in bonds, offering the district more than $300,000 in savings.
http://pittsburghlive.com/x/dailycourier/news/s_586694.html?...

State foreclosures hit 5-year high

Mon, 08 Sep 2008 02:18:38 -0600
Foreclosures on Alaska single-family houses have hit their highest level in at least five years, according to a recent state report.
http://www.adn.com/news/alaska/story/519331.html

Revere council mulls fee for vacants’ cleanup

Mon, 08 Sep 2008 01:18:35 -0600
REVERE - Property owners who neglect their buildings could face a $25 hourly cleanup fee assessed by the city to cover contracted upkeep costs.
http://www.itemlive.com/articles/2008/09/08/news/news10.txt

Make sure it's best time to refinance

Sat, 06 Sep 2008 00:39:40 -0600
There are many benefits to refinancing your home, the biggest one being a cut in your monthly payments.
http://www.thisweeknews.com/live/content/west/stories/2008/0...

'Alternative' home-equity deals on rise

Sun, 07 Sep 2008 22:19:18 -0600
The sales pitch is simple: Tap into your home equity without taking on more debt, without paying any interest and without having to worry about additional monthly payments,...
http://www.bostonherald.com/business/real_estate/view.bg?art...

Judging if REX is right for you

Sun, 07 Sep 2008 22:18:38 -0600
Here's an example to consider: Say your home goes through the appraisal process and is valued at $500,000. That independent appraisal is crucial, since it determines...
http://www.bostonherald.com/business/real_estate/view.bg?art...

Foreclosure figures reach 29-year high

Sat, 06 Sep 2008 06:37:15 -0600
California and Florida continued to dominate as foreclosures nationally hit a record high, according to the latest quarterly survey of the Mortgage Bankers Association.
http://recordnet.com/apps/pbcs.dll/article?AID=/20080906/A_N...

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