http://www.mortgageloansnet.com Mortgages and Loans help Fri, 09 May 2008 06:18:54 +0000 http://backend.userland.com/rss092 en 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 “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 ... http://www.mortgageloansnet.com/news/72148/government-backed-housing-bailout-badly-needed “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 ... http://www.mortgageloansnet.com/news/72128/repossession-claims-rise-by-16 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 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 ... http://www.mortgageloansnet.com/news/72144/dimasi-pays-off-mortgage-loan-from-friend-boston-globe 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 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 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 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 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