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    News and Articles on Mortgage Loans

    Archives: Mortgage Loans

    Norway-2009 Article IV Consultation Concluding Statement of the Mission  Nov 24, 2009
    In that context, it is particularly worrisome that a significant share of new mortgage loans is extended at very high loan-to-value ratios. 13. (IMF News)

    Allstate Favors Corporate Debt Over Municipal Bonds, Commercial Mortgages  Nov 24, 2009
    Greffin said Allstate cut investments related to commercial real estate by more than $4 billion this year, including mortgage loans and commercial mortgage-backed securities. Our outlook is still fairly negative on commercial real estate, Greffin said. (Bloomberg -- US)

    Real estate agent banned over bogus loans  Nov 24, 2009
    Departme 000031C0 nt officials say Crisp made false representations to lenders in order to secure nearly $11,000,000 worth of mortgage loans. As a result of the bogus information, officials say loans on 23 properties have gone into default. (Fresno Bee -- State)

    For Reid, Dodd, clout cuts both ways  Nov 24, 2009
    Quinnipiac poll director Doug Schwartz said Dodd hurt himself with state voters by moving to Iowa during his unsuccessful bid for the 2008 presidential nomination, and by receiving preferential treatment in obtaining mortgage loans. Worst of all, Schwartz said, was Dodd's involvement in a bill that protected bonuses for executives at insurance giant AIG, which proved deeply unpopular. (MSNBC -- Politics)

    Florida mortgage delinquencies hit 25%  Nov 22, 2009
    Nationwide, the delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9. 64 percent of all loans outstanding as of the end of the third quarter up 40 basis points from the second quarter and up 265 basis points from one year ago, according to the MBA.. (South Florida Business Journal, FL)

    Creative condo financing: High restrictions reduce lending options  Nov 21, 2009
    As a result, the two biggest insurers of mortgage loans now require 70% of a condo property s units to be sold, up from 51% less than a year ago, before it will insure or buy the loan, thereby allowing it to be sold on the secondary market. This article is for Paid Subscribers ONLY.. (Memphis Business Journal, TN)

    State 6th in late mortgages  Nov 21, 2009
    Almost 13 percent of Georgia residential mortgage loans were at least 30 days past due, while another 3 percent were in foreclosure, the survey said. Georgia s unemployment rate, which has been just above 10 percent for several months, is one reason so many people are behind, said Simone Griffin, executive director for HomeFree-USA, a nonprofit that works as an intermediary between mortgage lenders and homeowners trying to work their way out of foreclosure or prevent it. (Atlanta Journal-Constitution -- Business)

    Foreclosures in Isles 10th worst in nation  Nov 21, 2009
    The Mortgage Bankers survey at the national level covers an estimated 85 percent of all outstanding mortgage loans, excluding second mortgages, on property containing up to four residential units. Based on the number of delinquent loans that have yet to enter foreclosure, the survey suggests that Hawai'i's worsening foreclosure environment is likely to continue. (Honolulu Advertiser)

    Bankrupt General Growth's loans extended  Nov 21, 2009
    9 billion in shopping mall mortgage loans ... Thomas Nolan Jr., General Growth's president and chief operating officer, said he hoped the deals announced yesterday would lay the groundwork for restructuring another $6 billion in mortgage loans on other shopping malls. (Honolulu Advertiser)

    General Growth, Lenders Agree on Mall Debt Rework  Nov 20, 2009
    9B in shopping center mortgage loans ... 9 billion in shopping mall mortgage loans ... 9 billion in shopping mall mortgage loans. (ABC News -- Wire)

    Your views: Letters to the editor  Nov 20, 2009
    The regulators encouraged us to make loans to those who would not have previously qualified for home mortgage loans. We knew these regulators were repeating this with all regulated mortgage banks. (Florida Today)

    Forum: Financial literacy crucial to affordable housing  Nov 20, 2009
    Home Mortgage Disclosure Act data reveal that, both nationally and locally, minorities received a disproportionate share of high-cost mortgage loans, regardless of income ... Helping borrowers access mainstream financial services is vital if we hope to change the trend of minority, low-income and first-time homebuyers receiving expensive, risky mortgage loans. (Athens Banner-Herald)

    What's Next for Mortgage Rates?  Nov 20, 2009
    As a result, the supply of mortgage loans all but came to a screaming halt. Cue the Fed: Last November, as part of its efforts to get the economy moving again, the Fed announced it would buy $500 billion in mortgage-backed securities. (BusinessWeek)

    15-Year FRM Drops to Lowest Ever Recorded in Freddie Mac Survey Hi  Nov 20, 2009
    "Interest rate on 30-year fixed-rate mortgage loans fell for the third consecutive week to the lowest since the week ending May 21st, while 15-year fixed rates were the lowest since our records began in 1991," said Frank Nothaft, Freddie Mac vice president and chief economist. "Low fixed rates throughout the third quarter prompted an estimated $1.1 trillion in refinancing activity, saving homeowners about $10 billion in aggregate monthly payments over the first 12 months of their new loan.... (RealtyTimes)

    One in 7 US mortgages foreclosing  Nov 20, 2009
    The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9. 64 percent of loans outstanding, up from 9. (India Times)

    General Growth says some malls may exit bankruptcy  Nov 20, 2009
    General Growth said it expects the agreements will be the basis for reworking another $6 billion in mortgage loans. The agreements must be approved by the bankruptcy court. (KGW Northwest NewsChannel 8, OR -- Business)

    Regulators complicit in slow recovery  Nov 19, 2009
    Nationally, the FDIC has auctioned 3,768 commercial mortgage loans this year. The face value of both the performing and non-performing loans was $1. (Atlanta Business Chronicle, GA)

    Citi would back an interest cap  Nov 19, 2009
    He acknowledged that Citi was part of the nation s credit problem when it wrote $120 billion in mortgage loans at the peak. Last year, he said, it wrote about $80 billion in mortgages. (Boston Globe)

    Interest rates to stay low, Bernanke says  Nov 18, 2009
    for free extra services. Tuesday, November 17, 2009, 1:08pm EST. (Cincinnati Business Courier, OH)

    USDA Rural Development reduces interest rate on home mortgage loans  Nov 18, 2009
    No publications or editions were found. RSS Feed: Interested in placing our news content on your site. (Yanceyville Caswell Messenger, NC)

    Hawaiis credit score beats U.S. average  Nov 17, 2009
    $336,782 in home mortgage loans. $15,129 in auto loans. (Pacific Business News, HI)

    Report: Foreclosure Crisis Hits Blacks, Latinos  Nov 17, 2009
    NEW YORK -- Black and Latinos are at a disproportionate risk in the ongoing foreclosure crisis because they are more likely than whites to have higher-cost mortgage loans and face higher unemployment rates, a report says. The report from the William C. Velasquez Institute called on the federal government to take steps, including reforming bankruptcy laws and expanding eligibility for mortgage modification efforts, to help combat the crisis. (Newsmax)

    Mortgage Delinquencies Hit Another Record in 3Q  Nov 17, 2009
    25 percent of U.S. mortgage loans were 60 or more days past due, according to credit reporting agency TransUnion. That's up 58 percent, from 3. (ABC News -- Business)

    Hotel barons stripped of all property ownership  Nov 15, 2009
    Most lenders agreed to renegotiate with one of the new restructured companies for new mortgage loans at current fair market values. Any differences between what Bray & Gillespie Management owed and the new mortgages were added to the unsecured claim pool that then jumped from $6. (Daytona Beach News Journal)

    Housing Bust: Sowell Series Starts Today  Nov 15, 2009
    The new and risky methods of financing home purchases that rose to dominance in the early years of the 21st century could not have replaced more traditional rules and standards for granting mortgage loans unless those who regulated banks and other lending institutions had agreed to such changes. In reality, government agencies not only approved the more lax standards for mortgage loan applicants, government officials were in fact the driving force behind the loosening of mortgage loan... (Investors Business Daily)

    TFS Financial Corporation Announces Fourth Quarter and Year Ended September 30, 2009 Financial Results  Nov 15, 2009
    The reduction in assets was the result of decreases in the mortgage loans held for sale portfolio and investment securities, which were partially offset by an increase in other interest earning cash equivalents ... TFS FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CONDITION (unaudited) (In thousands, except share data) --------------------------------------------------------------------- September 30, September 30, 2009 2008 ------------- ------------- ASSETS Cash and due... (Primezone Releases)

    Brazil Stocks Climb, Cap Weekly Rise, on Retail Sales Jump, Cyrela Profit  Nov 14, 2009
    Brazils largest homebuilder, led the Bovespa indexs advance after third-quarter profit tripled as mortgage loans grew. the worlds biggest sugar-cane processor, climbed to a two-month high after posting a profit in its fiscal second quarter. (Bloomberg -- Latin America)

    Zimbabwe: Tsvangirai's Terrifying Gamble  Nov 13, 2009
    Second hand cars are unbelievably cheap and houses on the market stand for months and years, in the absence of significant mortgage loans or the capacity to repay them even if they were there. Page 1 of 21. (allAfrica.com)

    Voter turnout light in Falls County  Nov 13, 2009
    PROPOSITION 6: HJR 116 would amend the constitution to authorize the Veterans' Land Board to issue general obligation bonds, subject to certain constitutional limits, for the purpose of selling land and providing home or land mortgage loans to veterans of the state. For 57. (Marlin Democrat, TX)

    Coastal Banking Company Reports Third Quarter 2009 Earnings  Nov 13, 2009
    This decline was offset by growth in relatively more stable residential mortgage loans, which increased $7 ... 8 million in loans available for sale for the nine months ended Sept. 30, 2009, consisting of predominantly full-documentation, conforming mortgage loans that are pre-sold into the secondary market ... Gain on sale of mortgage loans totaled $1. (Primezone Releases)

    Taylor Bean was third largest FHA lender  Nov 13, 2009
    8 billion in FHA-insured loans, or about 40 percent of its total funded mortgage loans ... Meanwhile, the funded value of non-government-guaranteed mortgage loans fell to $1. (Birmingham Business Journal, AL)

    Former Nevada Businessman Faces Fraud Charges  Nov 13, 2009
    As head of Unlimited Properties LLC, Jackson is accused of paying people to apply for mortgage loans from 2002 to 2008 using false and fraudulent information. If convicted, Jackson faces up to 30 years in prison and a $1 million fine. (ABC News -- Wire)

    First Advantage Bancorp Announces 2009 Third Quarter Earnings  Nov 13, 2009
    During the third quarter of 2009 the Company benefited from an increase of $139,000 in net gains on sales of mortgage loans and increased income from customer related service fees, while commissions on insurance and brokerage were down ... During the first nine months of 2009 the Company benefited from an increase of $510,000 in net gains on sales of mortgage loans and increased income from customer related service fees. (Primezone Releases)

    HOA Reserve Study Conundrum  Nov 11, 2009
    In December 2007, Fannie Mae and Freddie Mac (the entities that have in past years underwritten most condominium mortgage loans) enacted the following requirements for condominiums where their loans were made being proposed. The condominium is required to have a reserve study. (RealtyTimes)

    HSBC Bank Canada - Third quarter 2009 results*  Nov 11, 2009
    Overall, mortgage loans increased by 2. 6 per cent compared with 31 December 2008, although after securitizations there was an overall decrease of C$0. (Canada Newswire)

    Random Thoughts  Nov 11, 2009
    A recent study by the U.S. Commission on Civil Rights showed that, after the housing boom and bust, blacks, whites, Hispanics, Asian Americans and American Indians all reduced their subprime mortgage loans. Only politicians seem not to have learned anything from the economic disaster, and to persist in the reckless policies that brought it on. (Human Events Online)

    Community Central Bank Corporation Announces Q3 Results  Nov 11, 2009
    27% Condensed Balance Sheet Unaudited Audited Sept. 30, Dec. 31, 2009 2008 ----------- ----------- (in thousands) Assets ------ Cash and Equivalents $31,395 $16,162 Investments 74,296 101,407 Residential Mortgage Loans Held for Sale 2,625 3,302 Loans 412,934 407,117 Allowance for Loan Losses (12,195) (7,315) Other Assets 37,726 36,277 ----------- ----------- Total Assets $546,781 $556,950 =========== =========== Liabilities and Stockholders' Equity ------------------------------------ Deposits... (Primezone Releases)

    Stress tests made obsolete for banks  Nov 10, 2009
    The only bank that did not raise the required capital was GMAC, which is weighed down by bad mortgage loans but provides financing to auto dealers and buyers. Regulators had said GMAC needed to raise an additional $11. (Boston Globe)

    Landrieu a La. problem  Nov 9, 2009
    Chris Gary wrote on Nov 7, 2009 6:46 AM:" Let's see, Bill Clinton was President when he pushed for sub prime mortgage loans for those that could not possibly afford it. Democrats.Barney Frank and Christopher Dodd were in charge of committees overseeing these loans. Democrats.The country has tripled our debt in a little over 10 months of, a Democrat, being elected President.Exactly 0 jobs have been saved since all of the Democrats voted for this crap "stimulus package".Yea, it's all the... (New Iberia, LA)

    Democrats forget how they were toward Bush  Nov 8, 2009
    " Joe wrote on Nov 6, 2009 9:32 AM:" A better question would be, how does Bill Clinton sleep at night after he destroyed our economy by forcing lending institutions to make mortgage loans to people that could never pay them back, thereby creating the banking crisis we now have and signing the GATT/NAFTA into law that sent all out jobs overseas and to Mexico and selling missile technology to China so that now they are capable of striking North America with their missiles. Your Bill Clinton should... (Klamath Falls Herald & News, OR)

    Fannie Mae asks for another $15bn  Nov 7, 2009
    It said it would use additional government aid to cover future losses on bad mortgage loans, as well as helping to cover its third-quarter losses. Rescue plan. (BBC News -- Americas)

    More robust loans growth seen  Nov 7, 2009
    We are optimistic that loans growth will remain intact and expect marginally higher loans especially by the second half of next year, driven by mortgage loans, hire purchase, personal loans and small and medium-scale enterprises (SMEs) loans, attributable to the various stimulus packages offered by the Government to SMEs, he added. According to Malaysian Rating Corp Bhd (MARC) vice-president and head of financial institution ratings Anandakumar Jegarasasingam, loans to the manufacturing and... (The Star Online, Malaysia -- Business)

    Top rating for four banks  Nov 6, 2009
    The adjustments to deposit rates and mortgage loans were driven by supply and demand but these would not lead to huge changes in interest rates, Promod said, adding that the impact was insignificant in the short term. RAM expects Bank Negara to keep the overnight policy rate unchanged at 2% until the first half of next year, as the cost of fund at that level is still comfortable to support funding and consumption. (The Star Online, Malaysia -- Business)

    Federal Reserve Keeping Key Interest Rates Low  Nov 6, 2009
    25 trillion worth of mortgage-backed securities by the end of March, a sign that it intends to continue to drive down the cost of mortgage loans. Source: The New York Times (11/5/2009). (Realtor Magazine Online)

    Mortgage broker guilty in Ponzi scheme  Nov 6, 2009
    At that time he purchased the properties for up to $100,000 less than the amount of the inflated mortgage loans he had arranged for the investor/borrowers in the second purchase, thereby causing lenders to lose millions of dollars. In the real estate investment-Ponzi part of the scheme, Farley then began to operate under the name of Alliance Resource Management in Lawrenceville to conceal his new source of income from prior victims. (Atlanta Business Chronicle, GA)

    Greater Nashville home foreclosures climb in September  Nov 6, 2009
    9 percent of mortgage loans were 90 days or more delinquent in September, compared to 2. 94 percent in September 2008. (Nashville Business Journal, TN)

    ABM: No price war in mortgage rates pricing  Nov 6, 2009
    Interest rates for housing or mortgage loans are to be determined by the individual banks in line with their funding cost, business strategies or business model. The same goes for the revamping of home loan packages as banks will need to examine their options and make adjustments accordingly that will enable them to compete effectively. (The Star Online, Malaysia -- Business)

    Dallas-area home foreclosures up  Nov 6, 2009
    The rate of foreclosures among outstanding mortgage loans was 1 ... 95 percent of mortgage loans were 90 days or more delinquent compared to 3. (Dallas Business Journal, TX)

    PHH narrows 3Q loss  Nov 6, 2009
    Mortgage and fleet management services provider said Thursday that it suffered a smaller third-quarter loss than a year ago because of higher margins on mortgage loans and higher volumes of loan originations ... PHH said in the most recent quarter there were higher margins on mortgage loans, higher volumes of more profitable first mortgage retail originations and interest rate lock commitments expected to close as well as cost efficiency efforts. (Philadelphia Business Journal, PA)

    Fed Will Hold Rates at Record Lows  Nov 5, 2009
    The Fed is spending well over a trillion dollars to buy up mortgage loans from banks. That allows the banks to then loan more and props up the housing market, reports CBS News correspondent Anthony Mason. (CBS News)

    Why did blue-chip Goldman take a walk on subprime's wild side?  Nov 5, 2009
    "Lee said that his office processed 2,000 to 2,500 loans each month, and he could recall few that weren't approved with an "exception" waiving a key financial issue that otherwise might've torpedoed the deal.Missal's examiner's report estimated that 40 percent of the company's mortgages were "liars' loans" because any income claim on an application was accepted as truthful. A SIVA meant "some incom 0000165E e, verified assets," but it went downhill to the NINA no income, no assets.Lee said he... (Anchorage Daily News)

    GMAC: ResCap issues to be resolved in '09  Nov 5, 2009
    Company officials would not discuss specific options for the Richfield-based ResCap, which has suffered massive losses due to mortgage loans to borrowers with less-than-perfect credit. Robert Hull, GMAC's chief financial officer, said resolving ResCap's problems by the end of the year is "not a promise but an objective," according to the Dow Jones news service. (Twin Cities Business Journal, MN)

    Government puts seniors at risk with flu policy  Nov 5, 2009
    to Youhavegottabekiddingme wrote on Nov 3, 2009 6:58 PM:" WRONG! the reason that this country is in such bad financial trouble is because of your democreep president, Bill Clinton. He is the one that signed the GATT/NAFTA into law that sent our jobs abroad. Bill Clinton is the one that forced lending institutions to make mortgage loans to people that could never afford to pay them back thereby causing the current banking crisis. Granted, Bush was a moron but so is Bill Clinton and Osama Obama.... (Klamath Falls Herald & News, OR)

    Banks should look beyond brick and mortar  Nov 4, 2009
    Banks whose bread-and-butter businesses are in lucrative credit card margins and stable mortgage loans, funded by a large deposit base, should start thinking hard about moving gradually away from these safe segments and penetrate new growth areas. They have to move one step ahead in preparation for the economic transformation which involves the high-income model and the development of new growth areas in sectors such as services and green technology. (The Star Online, Malaysia -- Business)

    Mortgage rates start to climb  Nov 4, 2009
    In the current financial year, Maybank recorded a 7% growth in mortgage loans. EON Bank Bhd group chief executive officer Michael Lor also said that housing loan rates have started to creep up slightly and this was unavoidable. (The Star Online, Malaysia -- Business)

    Goldman got cozy with loan star that crashed and burned  Nov 4, 2009
    "In response to the deterioration in the performance of subprime mortgage loans," Goldman advised, "the rating agencies have recently lowered ratings on a large number of subprime mortgage securitizations. ". You should consider. (Anchorage Daily News)

    Trophy-shopping invasion  Nov 4, 2009
    Although city leasing activity remains a bright spot, commercial mortgage loans continue their deterioration across the country ... Although city leasing activity remains a bright spot, commercial mortgage loans continue their deterioration across the country. (New York Post -- Business)

    Lake Shore earnings take 3Q hit  Nov 3, 2009
    Most Lake Shore loans are residential or commercial mortgage loans, the bank added. Expansion-wise, the company said it plans to open a 10th bank branch next April, to be located in a leased building on Dick Road in Depew. (Buffalo Business First, NY)

    Inland Western defaults on loans, warns of more  Nov 2, 2009
    Inland Western subsidiaries have defaulted on six mortgage loans totaling $54 ... Since the beginning of the year, the company has obtained five mortgage loans totaling $77 million on existing unnamed properties, according to the SEC filing. (Crain's Chicago Business)

    S. Korea sees ABS sales surge in Q3  Nov 2, 2009
    The FSS said sales of mortgage-backed securities were pulled up in the third quarter as the state-run Korea Housing Finance Corp. issued more mortgage loans and local banks securitized more non-performing loans. The Korea Housing Finance issues securities based on its long-term mortgages with a maturity of 10 years or more, while local banks securitized a total of 1. (Xinhuanet, China)

    Central Pacific posts record loss of $183M  Oct 31, 2009
    During the quarter, the company said it issued $334 million in new residential mortgage loans. Year-to-date, the bank originated $1. (Honolulu Advertiser)

    * Perngs warning spooks local bourse  Oct 30, 2009
    2 percent of these mortgage loans had become nonperforming. In accordance with Article 72-2 of the Banking Act (k), domestic banks are barred from granting more than 30 percent of their total deposits, including proceeds from the issuance of debts, to home borrowers and construction firms. (Taipei Times, Taiwan -- World)

    EU 'to back Northern Rock split'  Oct 28, 2009
    Earlier this year Northern Rock said it would slow down its previous plan, which had been to raise money by redeeming its mortgage loans as fast as possible. At the government's behest it has now agreed to start expanding its lending again, by an extra 14bn worth of mortgages in the next two years. (BBC News -- UK)

    Sub-prime home mortgages back to pre-crisis levels, says Fed  Oct 27, 2009
    " onclick="Next();" src="/images/butt_next. has revived this segment of the market," Krainer said. "After plummeting in early 2008, the share of borrowers with FICO credit scores lower than 660 has returned to just higher than 20 percent, the same share as when sub-prime securitisation peaked in 2006," he said. FICO is a company that developed a popular scoring system for assessing credit risk. Sub-prime loans are usually classified as those where the borrower has a FICO score below 660. The... (Channelnewsasia.com)

    Capmark files for bankruptcy protection  Oct 27, 2009
    Capmark has been hurt by rising losses on mortgage loans, and has had to foreclose on properties such as the Equitable Building in Atlanta because borrowers were not able to make loan payments. In its bankruptcy filing Sunday in Delaware bankruptcy court, the company listed total debt of $21 billion and assets of $20. (MSNBC -- Business)

    Summit State Bank Reports Third Quarter Profit and Declaration of Dividend  Oct 27, 2009
    Residential home mortgage lending has been minimal over the past several years and the Bank has not made loans that would be classified as subprime mortgage loans. "We continue to promote our customer service standards and gain new customer relationships. We utilize product pricing models that reward customers with deep relationships," said Mr. Duryea. (Primezone Releases)

    Subprime home mortgages back to pre-crisis levels: Fed  Oct 27, 2009
    Subprime borrowers, usually lacking good credit histories, find it nearly impossible to obtain mortgage loans from mainstream lenders. Since the January-March period last year, "increased FHA (Federal Housing Administration) lending... has revived this segment of the market," Krainer said. (Sydney Morning Herald -- Business)

    B&B plays down sell-off option  Oct 27, 2009
    B&B explained that its assets included 40bn of mortgage loans, 60% of which were to buy-to-let borrowers. It also has 10bn of assets consist of cash and other capital. (BBC News -- Business)

    FirstBank boosts Q3 earnings  Oct 27, 2009
    FirstBank doesn't make, hold or purchase subprime mortgage loans or securities, which helped it avoid the credit losses that other banks have faced. During the third quarter, FirstBank opened a new branch location in Surprise, Ariz. (Denver Business Journal, CO)

    Survey indicates hiring may increase  Oct 27, 2009
    Hurt by rising losses on mortgage loans, the company listed total debt of $21 billion and assets of $20. 1 billion in its Chapter 11 filing yesterday in Delaware bankruptcy court. (Honolulu Advertiser)

    Real estate lender Capmark files for bankruptcy  Oct 26, 2009
    Capmark has been hurt by rising losses on mortgage loans. In its Chapter 11 filing Sunday in Delaware bankruptcy court, the company listed total debt of $21 billion and assets of $20. (MSNBC -- Business)

    Capmark Financial Files for Bankruptcy Protection  Oct 26, 2009
    Capmark has been hurt by rising losses on mortgage loans, and has had to foreclose on properties such as the Equitable Building in Atlanta because borrowers were not able to make loan payments. In its Chapter 11 filing Sunday in Delaware bankruptcy court, the company listed total debt of $21 billion and assets of $20. (ABC News -- Wire)

    Past credit disputes can kill mortgage loans  Oct 26, 2009
    Sunday, October 25, 2009. (10-25) 04:00 PDT WASHINGTON. (San Francisco Chronicle)

    * Hong Kong targets surge in luxury property prices  Oct 24, 2009
    But what were concerned about is, given the very sharp rise in prices in this top segment of the property market, the risk, or credit risk, to these mortgage loans to these properties has increased. . (Taipei Times, Taiwan -- World)

    Judge sides with real-estate regulators  Oct 24, 2009
    Toll s department is investigating Acclaim and other mortgage lenders for possible wrongdoing, particularly allegations of making mortgage loans without the required license. Madden s ruling also has a big impact on other state agencies that rely on bank subpoenas in their investigations, according to DORA. We are happy that the court struck a balance between an individual s right to privacy with the need to protect unsuspecting consumers from ; scams and fraud, Rico Munn, DORA s executive... (Denver Business Journal, CO)

    The Consequences of Unpaid Student ...  Oct 24, 2009
    Mortgage Loans and Unpaid Student Loan Debt. Individuals with unpaid student loan debt will have an injured credit report--especially if the unpaid debt has resulted in a judgment. (Suite101.com)

    Realty investment simple for NRIs  Oct 24, 2009
    Even select foreign banks in the private sector provide home and mortgage loans to NRIs. Repayment should be made by way of inward remittance through normal banking channels or by debit to the NRE, FCNR (B) or NRO account, or out of rental income derived from renting out such property. (India Times)

    Meridian Interstate Bancorp, Inc., Reports Results for the Three and Nine Months Ended September 30, 2009  Oct 23, 2009
    3 million of residential mortgage loans, and $2. 5 million of other loans. (Primezone Releases)

    Calif. Campaign Against Loan Modification Misconduct Claims 3 Attorneys' Licenses  Oct 23, 2009
    In most cases, the lawyers who received complaints were accused of accepting fees but not doing the modification work on mortgage loans ... In recent months, Parsa has been advertising his legal services to help homeowners facing foreclosure modify their mortgage loans, the Bar said. (Law.com)

    MBT Financial Corp. Announces Third Quarter 2009 Results  Oct 23, 2009
    MBT FINANCIAL CORP. CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED Quarter Ended Nine Months Ended Dollars in thousands September 30, September 30, (except per share data) 2009 2008 2009 2008 ------------------------------------------------------------------- Interest Income Interest and fees on loans $13,229 $15,689 $39,994 $47,888 Interest on investment securities- Tax-exempt 837 844 2,579 2,477 Taxable 3,544 4,558 11,872 14,312 Interest on balances due from banks 30 -- 57 -- Interest on... (Primezone Releases)

    Loan woes, TARP payments keep Huntington in red  Oct 23, 2009
    15 percent of Huntington s mortgage loans in the quarter, up from 1. 56 percent in the second quarter. (Columbus Business First, OH)

    READ: Wells Fargo's press release  Oct 22, 2009
    In addition, the Company continues to explore the sale of certain interests held in securitized residential mortgage loans, which would be expected to reduce further the amount of incremental GAAP assets and incremental risk-weighted assets ... Several factors could cause actual results to differ materially from expectations including: current and future economic and market conditions, including the effects of further declines in housing prices and high unemployment rates; our capital... (USA Today -- Money)

    ARM Mortgage Loans - Pros and Cons  Oct 22, 2009
    Do Adjustable Rate Mortgage Loans Mean Lower Home Mortgage Payments ... Advantages of ARM Mortgage Loans ... Disadvantages of ARM Mortgage Loans. (Suite101.com)

    Net income drops at Renasant  Oct 22, 2009
    Gains from the sale of mortgage loans increased $480,000 to $1. 8 million for the third quarter as compared to $1. (Birmingham Business Journal, AL)

    Eagle Bancorp, Inc. Announces $2.1 Million 3rd Quarter Net Income Available to Common Shareholders and a 20% Decline in Nonperforming Assets in the 3rd Quarter  Oct 22, 2009
    Net charge-offs in the third quarter of 2009 were attributable to charge-offs in the unguaranteed portion of SBA loans ($107 thousand), commercial and industrial loans ($631 thousand), consumer loans ($258 thousand), mortgage loans ($391 thousand), and commercial real estate investment property loans ($186 thousand), and owner occupied commercial real estate loans ($6 thousand) ... 1 million), consumer loans ($380 thousand), mortgage loans ($391 thousand), and commercial real estate investment... (Primezone Releases)

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