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Financing

by Mortgage News
Fewer home loans taken out in March

THE expense of a new mortgage is deterring people from taking the plunge into home ownership with the number of loans taken out in March the lowest since August 2005. via News.com.au

US futures fall on American International Group record loss

"On top of that, you've got Citi selling assets, which in the long run is a good thing, but it implies several more years of turmoil and restructuring."

Equity markets overseas were pushed lower as the price of oil topped $125 a barrel.

Authors Finger Perpetrators In Debt Crisis

"The word alone causes people's blood pressure to rise. It's a hard-sounding word, phonetically in sync with its impact on people's lives"

It's a hard-sounding word, phonetically in sync with its impact on people's lives," writes Tamara Draut in the foreword to the compelling "Up to Our Eyeballs: How Shady Lenders and Failed Economic Policies Are ...

Appraisal Changes Face Resistance

COMMENT By Kenneth R. Harney Saturday, May 10, 2008; Page F01 A legal brawl is breaking out over how homes are appraised, at what cost and by whom. via The Washington Post

Foreclosure crisis hits self-storage centers

"You tell yourself, 'I'm only going to put my things in for a short time,' "

ELK GROVE VILLAGE, Ill.- The foreclosure crisis is hitting yet another American locale: the self-storage center. via Worcester Telegr...

Mortgage Credit Losses Could Total $500 Bln: Goldman

"If anything, they may come under pressure to ease further, though at present this is not our base case."

Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary policy ...

FNC Automation Ensures HVCC Compliance for Mortgage Lenders

May 9, 2008 FNC's premier analytic product-GAAR - can help lenders comply with provisions that will require them to report the results of quality control testing, officials of the mortgage technology company ...

Mortgage repossession orders up 17%

"This means treating borrowers in arrears fairly and sympathetically, and being willing to negotiate with borrowers in trouble"

Lenders have come under pressure to do more for struggling homeowners after the number of people threatened with losing their homes rose to its highest level for 16 years.

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