Posts Tagged ‘Mortgage’

Mortgage rates for 30-year loans rise to 3.95 percent

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Rates for 30-year fixed mortgages rose for the first time in four weeks as sales of previously owned homes climbed to the highest level since May 2010. The average rate for a 30-year fixed loan increased to 3.95 percent in the week [...]

Mortgage insurance ‘kickbacks’ alleged in Supreme Court case

Tom Ramstack – AHN News Legal Correspondent Washington, DC, United States (AHN) – The Supreme Court plans to confront consumers’ anger toward the mortgage lending industry Monday with a hearing in a lawsuit against a real estate title company. The plaintiff, Denise Edwards, is trying to sue First American Financial Corp. in a class action [...]

Mortgage payments show rise in delinquencies

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – More homeowners are having a hard time making their mortgage payments. According to credit reporting agency TransUnion, the rate at which mortgage holders were late with their payments by 60 days or more rose in the June-to-September period for the first time [...]

Few homeowners helped by Obama’s loan program

I’ve talked to a credit counseling service and have found out that I have too much debt to use their service, make too much money to obtain a loan modification under the Obama plan and make too little to allow me to refinance my mortgage. My debt-to-income level is too high. I’m trying to avoid [...]

Resolve Your Financial Woes With Bad Credit Mortgage Refinance

The current recessionary scenario has landed most Americans in a financial mess. If your debts are causing you sleepless nights, getting refinancing for bad credit is probably the best thing to do. And it may not even be your fault. Credit cards, in particular, are perennial debt traps, and it can be equally difficult to [...]

Home repossessions at three-year low

The number of homes that were repossessed fell to a three-year low during the third quarter. Related Stories ‘Further fall’ in number of house hunters Mortgage approvals continue to fall Rents rising at fastest rate since 2007 House prices fall again House prices fall due to lack of buyers View full post on UK Business [...]

Zero Interest Mortgages for Home Buyers and Foreclosures

LANCASTER, Pa., Nov. 13, 2010 /PRNewswire/ — As the economy continues to weaken, first time home buyers and people facing foreclosure have a hard time finding a mortgage. To assist people, a new public service is now available from Community Clearinghouse Agency Inc. of Lancaster, Pa. Their soluti View full post on All Stories

Iceland Has a Mortgage Disaster, Too

Prime Minister Sigurdardottir has an ambitious debt relief program to fight a 40 percent underwater mortgage rate View full post on All Stories

Tesco Foray Into Home Loan Business Faces Delay

AHN News Staff London, United Kingdom (AHN) – British supermarket giant Tesco’s planned foray into the home loans business may be delayed by at least a year. Tesco initially anticipated opening its own home mortgage unit by autumn; however, the company is having difficulty securing the needed permits from the Financial Services Authority. The FSA [...]

Britons Face Tighter Mortgage Lending Rules

AHN News Staff London, England, United Kingdom (AHN) – The Bank of England warned on Thursday of home ownership becoming out of reach for many residents as mortgage approvals dipped and lending rules tighten further. British banks made it harder for residents to borrow for home loans when the credit crisis hit the country in [...]

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