Mortgage Loan Network http://www.mortgageloansnet.com Mortgages and Loans help Fri, 09 May 2008 06:18:54 +0000 http://wordpress.org/?v=1.5 en Council holds off on deciding whether to require traffic studies http://www.mortgageloansnet.com/news/72129/council-holds-off-on-deciding-whether-to-require-traffic-studies http://www.mortgageloansnet.com/news/72129/council-holds-off-on-deciding-whether-to-require-traffic-studies#comments Fri, 09 May 2008 08:18:54 +0000 admin Home Building http://www.mortgageloansnet.com/news/72129/council-holds-off-on-deciding-whether-to-require-traffic-studies

A 20-month-old county proposal that would require traffic studies in conjunction with many new developments stalled again Tuesday night after a home building executive, a real estate developer and a county … via Tribune-Times



read more… ]]> http://www.mortgageloansnet.com/news/72129/council-holds-off-on-deciding-whether-to-require-traffic-studies/feed/ Government-backed housing bailout badly needed http://www.mortgageloansnet.com/news/72148/government-backed-housing-bailout-badly-needed http://www.mortgageloansnet.com/news/72148/government-backed-housing-bailout-badly-needed#comments Fri, 09 May 2008 08:18:45 +0000 admin Mortgages http://www.mortgageloansnet.com/news/72148/government-backed-housing-bailout-badly-needed

“High rates of delinquency and foreclosure can have substantial spillover effects on the housing market, the financial markets and the broader economy”

A government-backed mortgage bailout is needed, and it must be done right away. Before shouting about all the reasons why taxpayers shouldn’t rescue the profligate who took on more debt than they could handle, ... via Daily Herald



read more… ]]> http://www.mortgageloansnet.com/news/72148/government-backed-housing-bailout-badly-needed/feed/ Repossession claims rise by 16% http://www.mortgageloansnet.com/news/72128/repossession-claims-rise-by-16 http://www.mortgageloansnet.com/news/72128/repossession-claims-rise-by-16#comments Fri, 09 May 2008 08:18:44 +0000 admin Mortgages http://www.mortgageloansnet.com/news/72128/repossession-claims-rise-by-16

“Along with the rise in the number of repossessions reported today, our own data shows a 6% rise in county court judgments issued in quarter one of 2008 compared to quarter four of 2007”

This article was first published on guardian.co.uk on Friday May 09 2008. It was last updated at 10:40 on May 09 2008. via Guardian Unlimited



read more… ]]> http://www.mortgageloansnet.com/news/72128/repossession-claims-rise-by-16/feed/ ASB cuts mortgage rates (TVNZ) http://www.mortgageloansnet.com/news/72127/asb-cuts-mortgage-rates-tvnz http://www.mortgageloansnet.com/news/72127/asb-cuts-mortgage-rates-tvnz#comments Fri, 09 May 2008 08:18:43 +0000 admin Mortgages http://www.mortgageloansnet.com/news/72127/asb-cuts-mortgage-rates-tvnz ASB has cuts its key mortgage rates for the first time since the global credit crunch forced interest rates higher earlier this year. The bank’s two-year rate is down to 9.4% from 9.7%. Its six month rate has moved to 9.75% from 9.85%.

read more… ]]> http://www.mortgageloansnet.com/news/72127/asb-cuts-mortgage-rates-tvnz/feed/ DiMasi pays off mortgage loan from friend (Boston Globe) http://www.mortgageloansnet.com/news/72144/dimasi-pays-off-mortgage-loan-from-friend-boston-globe http://www.mortgageloansnet.com/news/72144/dimasi-pays-off-mortgage-loan-from-friend-boston-globe#comments Fri, 09 May 2008 08:18:43 +0000 admin Mortgages http://www.mortgageloansnet.com/news/72144/dimasi-pays-off-mortgage-loan-from-friend-boston-globe House Speaker Salvatore F. DiMasi said he paid off the balance of an unusual $250,000 third mortgage on his North End condominium yesterday, after the lender, his close friend Richard D. Vitale, who is under scrutiny for work he did last year on behalf of the state’s ticket brokers, registered as a lobbyist.

read more… ]]> http://www.mortgageloansnet.com/news/72144/dimasi-pays-off-mortgage-loan-from-friend-boston-globe/feed/ Horsham mortgage lender buys Bensalem rival (Philly.com) http://www.mortgageloansnet.com/news/72145/horsham-mortgage-lender-buys-bensalem-rival-phillycom http://www.mortgageloansnet.com/news/72145/horsham-mortgage-lender-buys-bensalem-rival-phillycom#comments Fri, 09 May 2008 08:18:43 +0000 admin Mortgages http://www.mortgageloansnet.com/news/72145/horsham-mortgage-lender-buys-bensalem-rival-phillycom Two of the largest mortgage lenders based in the Philadelphia region are now one. Gateway Funding Diversified Mortgage Services L.P., Horsham, bought the assets of Arlington Capital Mortgage Corp., Bensalem, Gateway’s chief executive Bruno P. Pasceri said yesterday.

read more… ]]> http://www.mortgageloansnet.com/news/72145/horsham-mortgage-lender-buys-bensalem-rival-phillycom/feed/ Are mortgage rates high or low right now? (Louisville Courier-Journal) http://www.mortgageloansnet.com/news/72146/are-mortgage-rates-high-or-low-right-now-louisville-courier-journal http://www.mortgageloansnet.com/news/72146/are-mortgage-rates-high-or-low-right-now-louisville-courier-journal#comments Fri, 09 May 2008 08:18:43 +0000 admin Mortgages http://www.mortgageloansnet.com/news/72146/are-mortgage-rates-high-or-low-right-now-louisville-courier-journal A: Compared to a year ago, they’re a little lower. Mortgage company Freddie Mac says the average in the Southeastern states this past week was 6.04 percent with a fee amounting to 0.3 percent of the loan, down from 6.10 percent a year ago with a 0.7 percent fee.

read more… ]]> http://www.mortgageloansnet.com/news/72146/are-mortgage-rates-high-or-low-right-now-louisville-courier-journal/feed/ AIG sees no signs of mortgage rally (Toronto Star) http://www.mortgageloansnet.com/news/72147/aig-sees-no-signs-of-mortgage-rally-toronto-star http://www.mortgageloansnet.com/news/72147/aig-sees-no-signs-of-mortgage-rally-toronto-star#comments Fri, 09 May 2008 08:18:43 +0000 admin Mortgages http://www.mortgageloansnet.com/news/72147/aig-sees-no-signs-of-mortgage-rally-toronto-star American International Group, staggering under a huge first-quarter loss, says it does not yet see signs of a rebound in the market for mortgage assets.

read more… ]]> http://www.mortgageloansnet.com/news/72147/aig-sees-no-signs-of-mortgage-rally-toronto-star/feed/ Mortgage credit losses could total $500 bln: Goldman (Reuters via Yahoo! News) http://www.mortgageloansnet.com/news/72123/mortgage-credit-losses-could-total-500-bln-goldman-reuters-via-yahoo-news http://www.mortgageloansnet.com/news/72123/mortgage-credit-losses-could-total-500-bln-goldman-reuters-via-yahoo-news#comments Fri, 09 May 2008 08:18:42 +0000 admin Mortgages http://www.mortgageloansnet.com/news/72123/mortgage-credit-losses-could-total-500-bln-goldman-reuters-via-yahoo-news 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 tightening in 2008 or 2009, according to a research note from the firm.

read more… ]]> http://www.mortgageloansnet.com/news/72123/mortgage-credit-losses-could-total-500-bln-goldman-reuters-via-yahoo-news/feed/ AIG sees no signs of mortgage asset market rebound yet (Reuters via Yahoo! News) http://www.mortgageloansnet.com/news/72124/aig-sees-no-signs-of-mortgage-asset-market-rebound-yet-reuters-via-yahoo-news http://www.mortgageloansnet.com/news/72124/aig-sees-no-signs-of-mortgage-asset-market-rebound-yet-reuters-via-yahoo-news#comments Fri, 09 May 2008 08:18:42 +0000 admin Mortgages http://www.mortgageloansnet.com/news/72124/aig-sees-no-signs-of-mortgage-asset-market-rebound-yet-reuters-via-yahoo-news American International Group , after disappointing with a worse-than-expected loss on Thursday, did little to buoy investor spirits on Friday, telling shareholders it does not yet see signs of a rebound in the market for mortgage assets, which have cost it dearly over the past two quarters.

read more… ]]> http://www.mortgageloansnet.com/news/72124/aig-sees-no-signs-of-mortgage-asset-market-rebound-yet-reuters-via-yahoo-news/feed/