Foreclosure Knowledge: January 2010

Sunday, January 31, 2010

Real Estate Investing Tip: Becoming A Foreclosure Insider

reitips.com - Wholesaler Bob Norton shares some great tips on making effective offers and building loyalty with REO foreclosure agents.
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Saturday, January 30, 2010

Home Foreclosures Continue to Skyrocket

KXTV News10 report on foreclosures in California and interest-only adjustable rate mortgage loans. Alexis mcgee of foreclosures.com comments on buying within your limit.
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Foreclosure Angel: Stranger Buys Foreclosed House at Auction and Gave it back to Owner!

Foreclosure Angel A woman buys a stranger's foreclosed home... and gives it back to her. If you want to know more about this angel contact her on facebook and send her a message here: www.facebook.com Marilyn Mock Says 'People Need to Help Each Other' By JONANN BRADY Tracy Pottsboro lost her job and then her home when she couldn't make mortgage payments. On Saturday, she watched as her home was auctioned off in Dallas. "The final farewell to my house," Pottsboro said. "It means so much to all of us. It's not just a house." Auctions on foreclosed houses are an opportunity for some and agony for those who've lost their homes. From July through September of this year, more than 2700 Americans lost their homes to foreclosure every day, according to The Associated Press. In Texas, almost 9200 homes entered the foreclosure process in September. On Saturday, Pottsboro took her seat among the crowd, waiting for house No. 73 to be called. Marilyn Mock, a small-business owner from Rockwall, Texas, had accompanied her son, who was interested in buying a house, to the auction that day. Mock was sitting near Pottsboro and noticed that she was upset. "She was crying, and I asked her what is she upset about, and you know, she lost her house," Mock said. When the No. 73 came up and the auction began, Mock said she asked Pottsboro, "Is it worth it?" "She said yes. & I just kept taking her word," Mock said. Mock ended up winning the auction, with a bid of about $30000. And just like that, Pottsboro's sad goodbye turned into welcome home. Mock told "Good Morning America" that she will take out a bank loan to finance about half the cost and will let Pottsboro and her family live in the house and make payments to her instead of the bank. She said she will pay for about half the house upfront. Mock was straightforward about her motive. "People need to help each other, and that's all there is to it," she said. Pottsboro was moved to tears by Mock's random act of generosity. "Nobody's done anything like that for me before, and I hope that I can repay the favor," she said. Mock said her son and husband have come to expect these "crazy" things. "When I came home and I said, 'Well, honey, guess what?' He just goes, "OK, whatever.' He's used to it," Mock told "GMA." "I do a lot of things, you know, loan money out and give to somebody -- you see somebody in need, you give them money," she said. "Or you see somebody in the grocery store, they don't have enough money to pay for it, I'm usually the one behind saying here, here's $20 or something." abcnews.go.com Marilyn Mock for President, or Foreclosure Angel I defy anyone to watch the this video and not cry. Marilyn Mock went to a foreclosure auction. She met Tracy, a woman whose house was being auctioned. Tracy was there to say goodbye. Tracys house wasnt a palace, but she loved it. She most likely was caught in the same net as hundreds of thousands of other homeowners whose dream of homeownership turned into a nightmare. Ms. Mock bought Tracys house. She gave it back to her. There are no words for this kind of generosity. Lets face it: Id rather watch something like this than Extreme Home Makeover. One more family has a home, and one more person has gone out of her way to help a complete stranger. This reminds me of my Bible college past. Sometimes, one entertains angels unaware. Thank you, Ms. Mock. Tracy, I hope this is a new start. This is a nice story with a happy ending. No matter who you think is at fault in this mortgage meltdown, there are individual stories out there that should be heard. I'm pretty confidant the woman in the story who lost her home wasn't a super slick financier playing the market. I suspect she is a regular wage earner who got into trouble by taking out a 2nd mortgage to feed her family. What a contrast with the 100's of millions the Wall Street fat cats stole. Could have bought a lot of these $50K houses..... Foreclosure auction makes house ownership possible for some By MONIKA DIAZ / WFAA-TV DALLAS - More than 500 bargain hunters hit the Dallas Convention Center Saturday to bid on the American Dream that has ended up in foreclosure. The misfortune of others is now an opportunity for those trying to buy into the housing market. In this tough housing market, more first-time home buyers are attending these auctions, to see if they can get their dream home for less. Today, two families gave the auction a shot and walked out of the convention center saving thousands of dollars.
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US homeowners face foreclosures - 23 Jan 08

Many poorer homeowners face loosing their homes in the global credit crunch, as variable mortgage rates soar. Al Jazeera's Tom Ackerman met one home owner who faces foreclosure.
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Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market

No Description
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Megadeth - Foreclosure of a Dream

Music video for Foreclosure of A Dream from Megadeth's 1992 album Countdown to Extinction
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Fight Foreclosure: Produce the Note How-To

Facing foreclosure? Info at www.consumerwarningnetwork.com may help. Your goal is to make certain the institution suing you is, in fact, the owner of the note. There is only one original note for your mortgage that has your signature on it. This is the document that proves you owe the debt.
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Jim TV SD Pre-Foreclosure Tour

A sampling of those houses on the foreclosure rolls in SD North County Coastal - an area of prime RE that has endured so far.......
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Avoid Foreclosure - Bloomberg: Your Money

If you've fallen behind with your mortgage and facing foreclosure, don't panic and do nothing. It isn't the time for in-action because with guidance, you may have options. Here's what you need to know if you want to save your home from foreclosure.
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Foreclosed your house? That's income

Imagine losing your home to foreclosure and then getting socked with a big tax bill.
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A&E - FLIP MY FORECLOSURE SCAM PART 1

Isnt everything the last 5 years seem to be about some big money real estate scam? Here is an A&E "Flip This House" scam that was shown to viewers. Part 2 of this story is located HERE www.youtube.com
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Fight Foreclosure: Make 'Em Produce The Note!

One of the last ways you can fight foreclosure is to make them produce the note. In many cases the note is sitting in a warehouse somewhere and nobody knows or cares where it is.
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Mr Mortgage March Foreclosure Report - CRISIS ALERT!

Visit my new blog... mrmortgage.ml-implode.com Mr Mortgage March Foreclosure Report - Crisis Alert
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The Mortgage Crisis: Record Foreclosures

In the wake of the government take over of mortgage giants Fannie Mae and Freddie Mac, John Taylor, President/CEO of the National Community Reinvestment Coalition talks about the record number of home foreclosures in the US (Sept. 10)
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Mortgage Foreclosure - The Family Farm

A look at the Crosby Mint Farm in St. Johns, MI, and how the foreclosure crisis is hurting them. Senate Bill 1306 would establish a moratorium on foreclosures and save this farm. The sponsor of this legislation is Senator Hansen Clarke.
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Milwaukee Residents Targeting Banks In Foreclosure

Numbers show home sales in the Midwest fell 19 percent between November and December.
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Foreclosure Assistance

The city announces two initiatives to help homeowners facing foreclosures.
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Foreclosure rates

Central Texas foreclosure rates have skyrocketed over the past year.
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Foreclosure Fears

cnn's Open House addresses rising foreclosures discusses with realtytrac's Rick Sharga how homeowners in default can stop or avoid foreclosure.
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Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market

Add me as a friend on Facebook! www.facebook.com Get DAILY growby10 Updates on Twitter! twitter.com Support this Channel: Subscribe & Comment. Thank you all! What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole. If true...our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long. Prepare yourself and protect your family from this coming economic catastrophe. PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don't be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up! ======================================== From LA Times: Bulk of bank-owned homes aren't even on the market yet "Banks to unleash flood of reos" at Inman News looks at the effect of foreclosures on the housing market this year: Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale -- often in communities already awash in distressed properties.... Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices. But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or "REO" properties -- even in markets already flooded with an oversupply of homes for sale. "It's almost like a tsunami -- you can see it coming and you know it's going to hit but you can't get out of the way," said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co. So how many bank-owned properties aren't even on the Multiple Listing Service yet? realtytrac senior vice president Rick Sharga puts the number at 75%. That's a lot of houses. freemanuniversity.com www.Xirculate.com http Tags: "The dollar collapse" "housing crisis" "financial crisis" subprime hyperinflation inflation economy "economic collapse" "stock market" "stock market collapse" "real estate" fed "federal reserve" money "fiat money" gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke
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Stop Foreclosure - Foreclosure Process

Stop Foreclosure - educational material. Learn how the process works. More info from ethical-foreclosure-solutions.com.
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Protect Yourself From Mortgage Fraud

In this new web commercial from Freddie Mac, learn to spot a foreclosure scam and find out how to avoid becoming victim to home foreclosure fraud. (Follow this link for a Spanish version: www.youtube.com/watch?v=qqqj6unryay)
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BREAKING NEWS on the Housing Front: SHOCKING! Part 1

BREAKING NEWS on the Housing Front: SHOCKING Video of Extreme Home Makeover Depression Edition PART 1 Location Victorville CA/ 395 and bear valley
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Real Estate Expert: Foreclosure Rates to Get Worse

Realtytracs Rick Sharga argues the foreclosure rate will get worse in 2010.
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Dan's Foreclosure Story

Dan and his family lost their home due to broker's lies and avarice We must put a personal face on foreclosure, and we must take action if we have any chance of preventing millions of people from losing their homes. Have you been affected by the housing crisis? Do you know anyone who has? We're asking you to record your story, or the story of a friend, family member, or neighbor, and send it to us in a video or through a written submission. We're collecting stories to display on fightingforourhomes.com.
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Foreclosure consequences

This video is from the show Open House on CNN. This video briefly explains what some tax & credit consequences homeowners may face after a short sale or a foreclosure. Consult with a CPA or your attorney for specifics. More information at: sccrealestateuncensored.com/2007/shortsale-foreclosure-pt4/ micasamidinero.com/2007/shortsale-foreclosure-pt4/
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Foreclosure Alley - P1

10.01.08
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Friday, January 29, 2010

Court OKs Foreclosure on Gotti Mansion

Victoria Gotti, the daughter of 'Dapper Don' John Gotti, faces foreclosure on her New York home after failing to make the $25000 monthly mortgage payments. (May 12)
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Produce the Note - Fighting Foreclosure - CNN

Facing foreclosure? Info at www.consumerwarningnetwork.com may help. Your goal is to make certain the institution suing you is, in fact, the owner of the note. There is only one original note for your mortgage that has your signature on it. One such case is profiled on cnn's Your Money.
Read More... [Source: YouTube Videos tagged with foreclosure]

How to Buy a Bank-Owned Home

Buying a bank-owned home is easy!
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Wayne County Foreclosures Nov2008

Wayne County runs ads in paper showing foreclosures in Detroit and other Detroit suburbs inside the county. This is before the Big Three go under.
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Forestalling Foreclosure

Home foreclosures are reaching record levels in many parts of the country. And it's no wonder, since most people who can't make their payments do the opposite of what they should. If you're behind in your mortgage, heed this expert advice from money reporter Stacy Johnson.
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Monday, January 25, 2010

4 obstacles to getting credit for home mortgages - Detroit Free Press (source: Big News Network)

Four major factors contribute to why people are being refused credit for mortgages -- bad credit, no down payment, low income and inaccurate appraisals, according to Drew Sygit, head of the Lending Ed... (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
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Custom Modular Home Buyers Benefit From Home Buyer Tax Credit (source: Big News Network)

TANEYTOWN, MD--(Marketwire - January 25, 2010) - With the recent extension of the home buyer tax credit, qualified buyers are experiencing huge advantages by purchasing a custom (source: Big News Network) - RSS and News widget on Feedzilla.com
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MBS AFTERNOON: Choppy Price Action. Status Quo Maintained (source: Mortgage News Daily)

Posted To: MBS CommentaryHeading into the afternoon hours the rates market continues to trade in a choppy manner. While much distance has been traveled on charts, status quo has been kept as prices have failed to venture too far from recent ranges. The FN ... (source: Mortgage News Daily) - RSS feeds and Feed widget on Feedzilla.com
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Get help - before you fall behind on your FHA mortgage (source: CNN)

Struggling to pay your FHA mortgage? Now you no longer have to be late with your payments to get help. (source: CNN) - News widgets and RSS feeds on Feedzilla.com
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Beware the menace of the expiring lease (source: The Independent)

Leaseholders who bought a flat or house built in the 1970s and 1980s are being urged to look into extending the terms of their leases or risk facing spiralling costs. The Leasehold Advisory Service (Lease) has warned that many people face paying over the o... (source: The Independent) - News widgets and RSS feeds on Feedzilla.com
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Finance and Regulation in the Information Age - Seekingalpha.com (source: Big News Network)

One of the things that bothers me about all the talk concerning the re-regulation of banks and other financial institutions is that it is “framed” within the context of the Great Depressio... (source: Big News Network) - News widgets and RSS feeds on Feedzilla.com
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Confidence high in housing market in spite of coming election (source: The Independent)

Homebuyers are not being put off by the prospect of an impending general election according to the UK's biggest property website, Rightmove.co.uk. (source: The Independent) - RSS feeds and Feed widget on Feedzilla.com
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Looking past threat posed by commercial mortgages - NJBIZ (source: Big News Network)

Email Address: Sign up today and stay informed of the latest developments in the New Jersey business community. NJBIZ's FREE eNewsletters deliver important, critical business news right to your... (source: Big News Network) - News widgets and RSS feeds on Feedzilla.com
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MBS AFTERNOON: Choppy Price Action. Status Quo Maintained (source: Mortgage News Daily)

Posted To: MBS CommentaryHeading into the afternoon hours the rates market continues to trade in a choppy manner. While much distance has been traveled on charts, status quo has been kept as prices have failed to venture too far from recent ranges. The FN ... (source: Mortgage News Daily) - RSS widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Underwater, but Will They Leave the Pool - Star News Online (source: Big News Network)

After all, millions of American homeowners are “underwater,” meaning that they owe more on their mortgages than their homes are worth. In Nevada, nearly two-thirds of homeowners are in t... (source: Big News Network) - RSS feeds and Feed widget on Feedzilla.com
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Market slump hits Vail Valley ‘affordables' - Vail Daily News (source: Big News Network)

Vail Valley housing: When the Moore family of Edwards was walking along a path next to Miller Ranch in Edwards a couple of years ago, there were long waiting lists to buy any unit that came on the mar... (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
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Sunday, January 24, 2010

Market slump hits Vail-area ‘affordable housing' - Aspen Times (source: Big News Network)

EAGLE COUNTY, Colo. — For much of last year, one part of the housing market in Colorado's Vail area resisted the slump that hit everything else. Those days — like the days of “stated... (source: Big News Network) - RSS and News widget on Feedzilla.com
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'Our objective is to reduce AEGON’S US exposure to 40-45%' - Economic Times (source: Big News Network)

Although AEGON is a recent entrant into the financial services business in India, the group has been assessing the Indian markets for more than a decade. AEGON was affected by the financial crisis ... (source: Big News Network) - RSS and News widget on Feedzilla.com
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Winner or loser: Home equity loans (source: Bankrate)

Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects home equity loans and lines of credit. (source: Bankrate) - RSS feeds and Feed widget on Feedzilla.com
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Confidence high in housing market in spite of coming election (source: The Independent)

Homebuyers are not being put off by the prospect of an impending general election according to the UK's biggest property website, Rightmove.co.uk. (source: The Independent) - RSS news feeds and Widgets on Feedzilla.com
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Underwater, but Will They Leave the Pool - Gainesville Sun (source: Big News Network)

After all, millions of American homeowners are “underwater,” meaning that they owe more on their mortgages than their homes are worth. In Nevada, nearly two-thirds of homeowners are in t... (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Did the Obama administration cause the failure of a New Mexico bank - Hotair.com (source: Big News Network)

Federal regulators seized Charter Bank in New Mexico this week as its capitalization fell below requirements, making it the latest of scores of banks to have failed in the economic crisis. However, ... (source: Big News Network) - RSS feeds and Feed widget on Feedzilla.com
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A successful MHA refi (source: Bankrate)

A note, sent yesterday, from a reader named Matthew. (source: Bankrate) - News widgets and RSS feeds on Feedzilla.com
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Don't Expect the GSEs to Go Away Anytime Soon (source: Mortgage News Daily)

Posted To: MND NewsWireCNBC Reports... Fannie, Freddie Cannot Exist in Current Form: Frank Rep. Barney Frank (D-Ma.), chairman of the House Financial Services Committee, said Friday that Fannie Mae and Freddie Mac should be eliminated as they stand now. &q... (source: Mortgage News Daily) - RSS news feeds and Widgets on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Skipton makes first move in a rate rise rush for societies (source: The Independent)

Mortgage rates are set to soar for hundreds of thousands of borrowers after the Skipton this week announced plans to raise its standard variable rate by almost half - despite there being no increase in the bank base rate for a year. (source: The Independent) - RSS and News widget on Feedzilla.com
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Mortgage lending 'surprisingly strong' (source: The Independent)

Mortgage lending jumped by 14 per cent during December as people rushed to buy a home before the Government's stamp duty holiday ended, figures showed today. (source: The Independent) - RSS news feeds and Widgets on Feedzilla.com
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Beware the menace of the expiring lease (source: The Independent)

Leaseholders who bought a flat or house built in the 1970s and 1980s are being urged to look into extending the terms of their leases or risk facing spiralling costs. The Leasehold Advisory Service (Lease) has warned that many people face paying over the o... (source: The Independent) - RSS and News widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Locking My Loans After a Week of Mortgage Rate Improvements (source: Mortgage News Daily)

Posted To: Mortgage Rate WatchMortgage rates hit their lowest levels in over a month yesterday after mortgage backed securities prices rallied to new 2010 highs. These improvements were triggered by a stock sell off which forced investors to reallocate fun... (source: Mortgage News Daily) - RSS news feeds and Widgets on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Beware the menace of the expiring lease (source: The Independent)

Leaseholders who bought a flat or house built in the 1970s and 1980s are being urged to look into extending the terms of their leases or risk facing spiralling costs. The Leasehold Advisory Service (Lease) has warned that many people face paying over the o... (source: The Independent) - RSS news feeds and Widgets on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Confidence high in housing market in spite of coming election (source: The Independent)

Homebuyers are not being put off by the prospect of an impending general election according to the UK's biggest property website, Rightmove.co.uk. (source: The Independent) - News widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

The only workable alternative solution to GSE - Stockhouse (source: Big News Network)

If the U.S. government is aware of the significant roll the mortgage securities companies play in the prosperity of the U.S. economy but does not want to assume the high cost of sponsorship in time of... (source: Big News Network) - RSS feeds and Feed widget on Feedzilla.com
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Jobs, mortgages are concerns in 140th District - Norwalk Hour (source: Big News Network)

Jobs, mortgages are concerns in 140th District NORWALK By STEVE KOBAK Hour Staff Writer Unlike many constituents who met with ... (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
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Winner or loser: Auto loans (source: Bankrate)

Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects auto loan rates. (source: Bankrate) - RSS feeds and Feed widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Don't Expect the GSEs to Go Away Anytime Soon (source: Mortgage News Daily)

Posted To: MND NewsWireCNBC Reports... Fannie, Freddie Cannot Exist in Current Form: Frank Rep. Barney Frank (D-Ma.), chairman of the House Financial Services Committee, said Friday that Fannie Mae and Freddie Mac should be eliminated as they stand now. &q... (source: Mortgage News Daily) - News widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Get help - before you fall behind on your FHA mortgage (source: CNN)

Struggling to pay your FHA mortgage? Now you no longer have to be late with your payments to get help. (source: CNN) - RSS widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

First Tennessee Bank subject of federal probe - Johnson City Press (source: Big News Network)

Email Article First Tennessee Bank got some unsettling news last week as it prepared to release its fourth-quarter (and full year) 2009 financial results: it and 14 other mortgage lenders are the subj... (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
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450,000 at risk in foreclosure-prevention program (source: CNN)

Hundreds of thousands of troubled homeowners who are making lower mortgage payments on a trial basis are at risk of being kicked out of President Obama's foreclosure-prevention program. (source: CNN) - RSS news feeds and Widgets on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Skipton makes first move in a rate rise rush for societies (source: The Independent)

Mortgage rates are set to soar for hundreds of thousands of borrowers after the Skipton this week announced plans to raise its standard variable rate by almost half - despite there being no increase in the bank base rate for a year. (source: The Independent) - News widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Locking My Loans After a Week of Mortgage Rate Improvements (source: Mortgage News Daily)

Posted To: Mortgage Rate WatchMortgage rates hit their lowest levels in over a month yesterday after mortgage backed securities prices rallied to new 2010 highs. These improvements were triggered by a stock sell off which forced investors to reallocate fun... (source: Mortgage News Daily) - RSS and News widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

The lesson of Massachusetts Anger - Quad Cities Onlines (source: Big News Network)

You can bet that political strategists in both parties will be parsing the meaning of the Massachusetts senatorial struggle for some time to come. If there was a slam dunk left in American politics, i... (source: Big News Network) - RSS widgets and RSS feeds on Feedzilla.com
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450,000 at risk in foreclosure-prevention program (source: CNN)

Hundreds of thousands of troubled homeowners who are making lower mortgage payments on a trial basis are at risk of being kicked out of President Obama's foreclosure-prevention program. (source: CNN) - News widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Saturday, January 23, 2010

Winner or loser: Auto loans (source: Bankrate)

Alaska fending off national housing woes - KTUU (source: Big News Network)

FAIRBANKS, Alaska (AP) - A state analysis says the practice of using a mix of low-risk mortgages has helped Alaska fend off the housing troubles plaguing the rest of the nation. The Fairbanks Daily N... (source: Big News Network) - RSS feeds and Feed widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Tighter lending requirements for loans insured by the Federal Housing Administration might leave some borrowers unable to get mortgages, but economists are divided on the impact they could have on hou... (source: Big News Network) - RSS and News widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Skipton makes first move in a rate rise rush for societies (source: The Independent)

Mortgage rates are set to soar for hundreds of thousands of borrowers after the Skipton this week announced plans to raise its standard variable rate by almost half - despite there being no increase in the bank base rate for a year. (source: The Independent) - RSS feeds and Feed widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

States urge action on foreclosures (source: CNN)

Cut loan principal for borrowers whose homes are worth much less than their mortgages. Attack the problem of option adjustable rate mortgages. Cut down on red tape. (source: CNN) - RSS and News widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Don't Expect the GSEs to Go Away Anytime Soon (source: Mortgage News Daily)

Posted To: MND NewsWireCNBC Reports... Fannie, Freddie Cannot Exist in Current Form: Frank Rep. Barney Frank (D-Ma.), chairman of the House Financial Services Committee, said Friday that Fannie Mae and Freddie Mac should be eliminated as they stand now. &q... (source: Mortgage News Daily) - RSS feeds and Feed widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Brantley seeks Chapter 11, 13 protection - Jackson Sun (source: Big News Network)

The owner of Summit Brantley Building Innovations filed to seek protection from creditors under Chapter 11 of the U.S. Bankruptcy Code on Friday, at the same time vowing to pay workers all back wages ... (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
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Broker's position under review - New Zealand Herald (source: Big News Network)

High-profile broker Suzanne Tierney's positions as president of the Auckland Property Investors Association and board member of the New Zealand Mortgage Brokers Association are being reviewed. After ... (source: Big News Network) - RSS feeds and Feed widget on Feedzilla.com
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MBS CLOSE: Positive End To Great Week Despite Losses (source: Mortgage News Daily)

Posted To: MBS CommentaryToday's price movement wasn't so much the story of the week. In and of itself, it was either meaningless or slightly weak depending on your point of view. 4.5's ended down a tick at 100-31 4.0's ended down 5 ticks at 97-31 The 10yr... (source: Mortgage News Daily) - News widgets and RSS feeds on Feedzilla.com
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MBS AFTERNOON: Choppy Price Action. Status Quo Maintained (source: Mortgage News Daily)

Posted To: MBS CommentaryHeading into the afternoon hours the rates market continues to trade in a choppy manner. While much distance has been traveled on charts, status quo has been kept as prices have failed to venture too far from recent ranges. The FN ... (source: Mortgage News Daily) - RSS news feeds and Widgets on Feedzilla.com
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Frank recommends replacing Fannie and Freddie in overhaul - Thehill.com (source: Big News Network)

The head of the House Financial Services Committee recommended Friday that government-backed mortgage lenders Fannie Mae and Freddie Mac be abolished and replaced.Rep. Barney Frank (D-Mass.) said that... (source: Big News Network) - RSS feeds and Feed widget on Feedzilla.com
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Locking My Loans After a Week of Mortgage Rate Improvements (source: Mortgage News Daily)

Posted To: Mortgage Rate WatchMortgage rates hit their lowest levels in over a month yesterday after mortgage backed securities prices rallied to new 2010 highs. These improvements were triggered by a stock sell off which forced investors to reallocate fun... (source: Mortgage News Daily) - RSS feeds and Feed widget on Feedzilla.com
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450,000 at risk in foreclosure-prevention program (source: CNN)

Hundreds of thousands of troubled homeowners who are making lower mortgage payments on a trial basis are at risk of being kicked out of President Obama's foreclosure-prevention program. (source: CNN) - RSS feeds and Feed widget on Feedzilla.com
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Don’t bite off more mortgage than you can chew - canada.com (source: Big News Network)

How much money do you really need to buy a house?Based on the average sale price of $320,333 last year, the federal government says you must come up with about $16,000 before you can consider getting ... (source: Big News Network) - RSS widgets and RSS feeds on Feedzilla.com
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MBS AFTERNOON: Choppy Price Action. Status Quo Maintained (source: Mortgage News Daily)

Posted To: MBS CommentaryHeading into the afternoon hours the rates market continues to trade in a choppy manner. While much distance has been traveled on charts, status quo has been kept as prices have failed to venture too far from recent ranges. The FN ... (source: Mortgage News Daily) - RSS and News widget on Feedzilla.com
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FHA insured mortgages to cost more - Marketplace.publicradio.org (source: Big News Network)

Here's another wrinkle for new homebuyers: You'll have to pay more for mortgages insured by the Federal Housing Administration. The FHA says it had to toughen the rules because too many of its loans w... (source: Big News Network) - RSS widgets and RSS feeds on Feedzilla.com
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FHA makes it tougher to buy - The Sun News (source: Big News Network)

CHICAGO -- The Federal Housing Administration announced changes this week that will make it more expensive for home buyers to secure agency-backed mortgages while some consumers will be priced out of ... (source: Big News Network) - RSS feeds and Feed widget on Feedzilla.com
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Locking My Loans After a Week of Mortgage Rate Improvements (source: Mortgage News Daily)

Posted To: Mortgage Rate WatchMortgage rates hit their lowest levels in over a month yesterday after mortgage backed securities prices rallied to new 2010 highs. These improvements were triggered by a stock sell off which forced investors to reallocate fun... (source: Mortgage News Daily) - RSS widgets and RSS feeds on Feedzilla.com
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Don't Expect the GSEs to Go Away Anytime Soon (source: Mortgage News Daily)

Posted To: MND NewsWireCNBC Reports... Fannie, Freddie Cannot Exist in Current Form: Frank Rep. Barney Frank (D-Ma.), chairman of the House Financial Services Committee, said Friday that Fannie Mae and Freddie Mac should be eliminated as they stand now. &q... (source: Mortgage News Daily) - RSS and News widget on Feedzilla.com
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Get help - before you fall behind on your FHA mortgage (source: CNN)

Struggling to pay your FHA mortgage? Now you no longer have to be late with your payments to get help. (source: CNN) - RSS feeds and Feed widget on Feedzilla.com
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Skipton makes first move in a rate rise rush for societies (source: The Independent)

Mortgage rates are set to soar for hundreds of thousands of borrowers after the Skipton this week announced plans to raise its standard variable rate by almost half - despite there being no increase in the bank base rate for a year. (source: The Independent) - RSS widgets and RSS feeds on Feedzilla.com
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FHA to raise standards for mortgage insurance (source: Big News Network)

CHICAGO — The Federal Housing Administration announced changes this past week that will make it more expensive for homebuyers to secure agency-backed mortgages while some consumers will be price... (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
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Winner or loser: Home equity loans (source: Bankrate)

Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects home equity loans and lines of credit. (source: Bankrate) - RSS widgets and RSS feeds on Feedzilla.com
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MBS CLOSE: Positive End To Great Week Despite Losses (source: Mortgage News Daily)

Posted To: MBS CommentaryToday's price movement wasn't so much the story of the week. In and of itself, it was either meaningless or slightly weak depending on your point of view. 4.5's ended down a tick at 100-31 4.0's ended down 5 ticks at 97-31 The 10yr... (source: Mortgage News Daily) - RSS and News widget on Feedzilla.com
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Butler to serve 5 years - New York Post (source: Big News Network)

Government prosecutors finally scored their first lockup tied to the financial meltdown yesterday. Eric Butler, an ex-Credit Suisse broker, was sentenced to five years in prison and fined $5 million f... (source: Big News Network) - News widgets and RSS feeds on Feedzilla.com
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A successful MHA refi (source: Bankrate)

A note, sent yesterday, from a reader named Matthew. (source: Bankrate) - RSS news feeds and Widgets on Feedzilla.com
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Friday, January 22, 2010

Abolish Fannie Mae, Freddie Mac (source: Big News Network)

A top lawmaker on Capitol Hill is calling for the elimination of mortgage finance companies Fannie Mae and Freddie Mac and the establishment of a new system to provide money for U.S. home loans.Rep. B... (source: Big News Network) - RSS feeds and Feed widget on Feedzilla.com
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Barney Frank - Wall Street Journal (source: Big News Network)

As a registered user of The Wall Street Journal Online, you will be able to: Setup and manage your portfolio Personalize your own news page Receive and manage newsletters (source: Big News Network) - RSS widgets and RSS feeds on Feedzilla.com
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Positive End To Great Week Despite Losses (source: Big News Network)

Today's price movement wasn't so much the story of the week. In and of itself, it was either meaningless or slightly weak depending on your point of view. 4.5's ended down a tick at 100-... (source: Big News Network) - RSS and News widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Locking My Loans After a Week of Mortgage Rate Improvements (source: Big News Network)

Mortgage rates hit their lowest levels in over a month yesterday after mortgage backed securities prices rallied to new 2010 highs. These improvements were triggered by a stock sell off which forced i... (source: Big News Network) - News widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

A successful MHA refi (source: Bankrate)

A note, sent yesterday, from a reader named Matthew. (source: Bankrate) - RSS feeds and Feed widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

NAR Admits to Initiating Bush's Mortgage Bailout Plan (source: E Finance Directory)

In a press release last week, the National Association of Realtors' own president applauded Bush's FHA mortgage bailout proposal, admitting that the Association has been pushing for this bailout since early 2007. If the NAR continues to have its way, taxpa... (source: E Finance Directory) - RSS widgets and RSS feeds on Feedzilla.com
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Get help - before you fall behind on your FHA mortgage (source: CNN)

Struggling to pay your FHA mortgage? Now you no longer have to be late with your payments to get help. (source: CNN) - RSS and News widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Pay Option ARM Recasts: Is There More Pain on the Horizon? (source: Mortgage News Daily)

Posted To: Community CommentaryWritten by Tom Hollander and Jason Pickart It may be tempting to think that the mortgage crisis is behind us. However, our analysis shows that there are still a substantial number of mortgages at risk of distress or foreclosu... (source: Mortgage News Daily) - RSS and News widget on Feedzilla.com
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Rate trends and firecrackers (source: Bankrate)

A reader named Cindy asks: "Are mortgage rates predicted to go down next week? What things should I be considering before going ahead?" (source: Bankrate) - RSS and News widget on Feedzilla.com
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MBS CLOSE: High Stakes For Bonds And Equities Tomorrow (source: Mortgage News Daily)

Posted To: MBS CommentaryToday was a snoozer for the most part. Sure, it's not a snoozer in the sense that excitement is warranted upon rallies into annual highs for MBS, but as far as flows, data, volatility, and directionality, you were better off with a... (source: Mortgage News Daily) - RSS feeds and Feed widget on Feedzilla.com
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$8 million in assets - and can't get a mortgage (source: CNN)

The wealthy have money problems, too -- yeah they do. (source: CNN) - RSS widgets and RSS feeds on Feedzilla.com
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Blame Freddie and Fannie, not Wall St., for starting ... - McClatchy (source: Big News Network)

Last week, the Financial Crisis Inquiry Commission — formed to investigate the 2008 market panic — began its work. Naturally, the first thing it did was haul in four Wall Street grandees, ... (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
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Harder to get an Uncle Sam mortgage (source: CNN)

It's going to be harder to get a government-backed mortgage from now on. (source: CNN) - RSS news feeds and Widgets on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Low Mortgage Rates Fuel Demand For Homes (source: Big News Network)

January 22, 2010 Despite the bad job market, demand for U.S. home loans rose last week for the third straight week. An industry group says home ownership is being helped by low mortgage rates, which f... (source: Big News Network) - News widgets and RSS feeds on Feedzilla.com
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Obama Rhetoric to Paralyze Bank Lending - PR Inside (source: Big News Network)

2010-01-22 12:30:04 - Opportunity for wealth syndicates to benefit President Obama's declaration that he wants to see U.S. banks re-structured and their activities curtailed will create further unce... (source: Big News Network) - RSS and News widget on Feedzilla.com
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Treasury Weighs Fixes to a Program to Fend Off Foreclosures - The Ledger (source: Big News Network)

The Obama administration plans next week to revamp its $75 billion program aimed at sparing homeowners from foreclosure, streamlining the documents required of borrowers seeking lowered payments, acco... (source: Big News Network) - RSS widgets and RSS feeds on Feedzilla.com
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Mortgage Rates Hit New 2010 Lows as Stocks Sell (source: Mortgage News Daily)

Posted To: Mortgage Rate WatchYesterday, mortgage backed securities closed at their highest prices since early December which allowed lenders to offer the best mortgage rates seen in 2010. These improvements have extended over into today after some unexpec... (source: Mortgage News Daily) - News widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Mortgage lending 'surprisingly strong' (source: The Independent)

Mortgage lending jumped by 14 per cent during December as people rushed to buy a home before the Government's stamp duty holiday ended, figures showed today. (source: The Independent) - RSS feeds and Feed widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Housing starts fall, but permits soar (source: CNN)

Home construction fell in December, government data showed Wednesday, while the number of building permits issued in the month rose. (source: CNN) - RSS feeds and Feed widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

States urge action on foreclosures (source: CNN)

Obama Announces New Bank Regulation Reforms (source: Big News Network)

no bank or financial institution that contains a bank will own, invest in or sponsor a hedge fund or a private equity fund, or proprietary trading operations unrelated to serving customers for its own... (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
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Deal Of The Week: Principality Building Society's fixed rate mortgage (source: The Independent)

It may only be the middle of January but we have already seen a number of lenders reduce mortgages rates this year. Among them is Principality Building Society. It has launched a mortgage that is fixed at 3.44 per cent until 31 March 2010, which is market-... (source: The Independent) - RSS news feeds and Widgets on Feedzilla.com
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High Stakes For Bonds And Equities Tomorrow (source: Big News Network)

Today was a snoozer for the most part. Sure, it's not a snoozer in the sense that excitement is warranted upon rallies into annual highs for MBS, but as far as flows, data, volatility, and directi... (source: Big News Network) - RSS and News widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

States urge action on foreclosures (source: CNN)

Cut loan principal for borrowers whose homes are worth much less than their mortgages. Attack the problem of option adjustable rate mortgages. Cut down on red tape. (source: CNN) - RSS feeds and Feed widget on Feedzilla.com
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Thursday, January 21, 2010

A guest column by Robert Eustis - New Orleans Times-Picayune (source: Big News Network)

Almost everybody agrees that a housing recovery is essential for a broader economic upswing -- and equally essential to the health of our communities. That's why it is so baffling to me that Congress ... (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
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MBS AFTERNOON: Auction Announcements A Non-Issue As Rally Extends (source: Mortgage News Daily)

Posted To: MBS CommentaryForced buying is the name of the game as a weak stock market, strength-induced short covering, and duration matching courtesy of the flattening yield curve all combine to lift the bid side of the bond market. MBS 4.5's are up 8 tic... (source: Mortgage News Daily) - News widgets and RSS feeds on Feedzilla.com
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Bay Area home sales up 13 pct. in December - Charleston Daily Mail (source: Big News Network)

Associated Press Writer SAN FRANCISCO (AP) - Home sales in the San Francisco Bay area rose 13.6 percent last month from December 2008, with upticks in prices as well, indicating a step-by-step climb ... (source: Big News Network) - RSS and News widget on Feedzilla.com
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Mortgage lending 'surprisingly strong' (source: The Independent)

Mortgage lending jumped by 14 per cent during December as people rushed to buy a home before the Government's stamp duty holiday ended, figures showed today. (source: The Independent) - RSS and News widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Fed MBS Purchase Program Update: $101 Billion Left to Spend (source: Mortgage News Daily)

Posted To: MND NewsWireThe Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the holiday shortened work week between January 14 and January 20, 2010, the Federal Reserve purchased a total of $16.359 bil... (source: Mortgage News Daily) - RSS news feeds and Widgets on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Harder to get an Uncle Sam mortgage (source: CNN)

It's going to be harder to get a government-backed mortgage from now on. (source: CNN) - RSS and News widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Mortgage Rates Hit New 2010 Lows as Stocks Sell (source: Mortgage News Daily)

Posted To: Mortgage Rate WatchYesterday, mortgage backed securities closed at their highest prices since early December which allowed lenders to offer the best mortgage rates seen in 2010. These improvements have extended over into today after some unexpec... (source: Mortgage News Daily) - RSS news feeds and Widgets on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

MBS CLOSE: Recapping the Day and Looking Ahead to Tomorrow (source: Mortgage News Daily)

Posted To: MBS CommentaryThere's something about writing the MBS CLOSE that just bothers me. I can't put my finger on one specific reason why I loathe the evening time spot, I just do! Perhaps I prefer not to write the MBS CLOSE because its somewhat of a r... (source: Mortgage News Daily) - RSS feeds and Feed widget on Feedzilla.com
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Housing starts fall, but permits soar (source: CNN)

Home construction fell in December, government data showed Wednesday, while the number of building permits issued in the month rose. (source: CNN) - RSS widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

$8 million in assets - and can't get a mortgage (source: CNN)

The wealthy have money problems, too -- yeah they do. (source: CNN) - RSS news feeds and Widgets on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

States urge action on foreclosures (source: CNN)

Cut loan principal for borrowers whose homes are worth much less than their mortgages. Attack the problem of option adjustable rate mortgages. Cut down on red tape. (source: CNN) - RSS widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Rate trends and firecrackers (source: Bankrate)

A reader named Cindy asks: "Are mortgage rates predicted to go down next week? What things should I be considering before going ahead?" (source: Bankrate) - RSS feeds and Feed widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Winner or loser: Credit cards (source: Bankrate)

Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects credit card interest rates. (source: Bankrate) - RSS widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

2004 tsunami lessons applied in Haiti (source: Big News Network)

BANGKOK (AP) - The effort to help Haiti recover from its devastating earthquake can draw on lessons learned in other large-scale tragedies, particularly the 2004 Indian Ocean tsunami that killed at le... (source: Big News Network) - RSS feeds and Feed widget on Feedzilla.com
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Jobs Data, Treasury Supply,Earnings, Bank Tax (source: Big News Network)

11:00 ? US Treasury Department announces the terms and amount of next week's debt auctions. The Treasury is scheduled to sell 2 year notes, 5 year notes, and 7 year notes. (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
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Wrong-headed regulators (source: Bankrate)

I have an article up today -- "Want to refinance? Know the details" -- in which I describe the Home Affordable Refinance program as confusing. (source: Bankrate) - RSS widgets and RSS feeds on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Warehouse Funding Line: A Mortgage Banker's Best Friend (source: Mortgage News Daily)

Posted To: The Garrett Watts Report“ Dog lovers have no problem telling you why the dog is considered man's best friend : Loyalty, unconditional love, companionship and laughs. Any doctor can also tell you that having pets makes our lives better and ... (source: Mortgage News Daily) - RSS feeds and Feed widget on Feedzilla.com
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Osborne to repay mortgage expenses (source: Big News Network)

The shadow chancellor George Osborne is being ordered to repay £1,666 of mortgage expenses. Despite this penalty, the cross-party Commons Standards and Privileges Committee found the breach was... (source: Big News Network) - RSS widgets and RSS feeds on Feedzilla.com
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Winner or loser: Mortgage shopper (source: Bankrate)

Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects mortgage shoppers and ARM holders. (source: Bankrate) - RSS feeds and Feed widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

GM's Opel to cut 8,300 jobs (source: Big News Network)

In this photo taken Sept. 10, 2009, an Opel logo is seen behind barbed wire outside an Opel dealer in Antwerp, Belgium. (AP Photo/Virginia Mayo, File) (source: Big News Network) - RSS widgets and RSS feeds on Feedzilla.com
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Mortgage Rates Move Lower. Favor Locking over Floating (source: Mortgage News Daily)

Posted To: Mortgage Rate WatchAfter making noticeable improvements toward the end of last week, mortgage rates failed to extend positive progress yesterday. After a weak open, mortgage backed securities prices traded in a narrow range for most of the day. ... (source: Mortgage News Daily) - News widgets and RSS feeds on Feedzilla.com
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Mortgage pain persists for US Bancorp (source: Big News Network)

Submit your comment By Joe Rauch and Elinor Comlay Charlotte/New York - In a sign that the US banking sector's problems are far from over, lenders including Bank of America reported falling bond tr... (source: Big News Network) - RSS news feeds and Widgets on Feedzilla.com
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Tens of thousands of borrowers face a shock jump in mortgage payments after Skipton Building Society, Britain's fifth-largest building society, confirmed plans to raise its standard variable rat... (source: Big News Network) - RSS and News widget on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]

Wrong-headed regulators (source: Bankrate)

I have an article up today -- "Want to refinance? Know the details" -- in which I describe the Home Affordable Refinance program as confusing. (source: Bankrate) - RSS news feeds and Widgets on Feedzilla.com
Read More... [Source: business / finance mortgages news stories aggregated by FeedZilla.com]