Election brings an Abbey quick fix
It is over a year since the Government published the Miles report on mortgages. The report, among other measures, called on the mortgage industry to offer more long-term fixed-rate home loans.
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Weekly Mortgage Applications Drop 3.2% (Nasdaq) The number of applications for mortgage loans filed with major U.S. banks decreased by a seasonally adjusted 3.2% last week from a week earlier, the Mortgage Bankers Association reported Wednesday.read
M&T woes indicative of mortgage industry bust (BizJournals) M&T Bank Corp.'s depressed earnings because of the industry's underlying mortgage problems in 2007 surprised some investors when announced on Jan. 14.read more...
Former area mortgage broker sentenced for fraud (The Kansas City Star) A one-time area mortgage broker was sentenced Wednesday to seven years in prison for a mortgage fraud scheme in Florida that netted him and his partners more than $4 million.read
Mortgage rates drop again (Portsmouth Herald) WASHINGTON (AP) ? Rates on 30-year mortgages dipped slightly this past week, the fifth decline in the past six weeks. Freddie Mac, the mortgage company, reported Thursday that 30-year,
American Home Mortgage 4Q Profit Soars (AP via Yahoo! Finance) American Home Mortgage Investment Corp. said Thursday its fourth-quarter earnings climbed more than fourfold as the mortgage lender lent more money to people buying homes and charged high interest
U.S. mortgage rates move little in wake of Fed hike (Market Watch) CHICAGO (MarketWatch) -- Mortgage rates barely budged in the week ending Thursday, even after the Federal Reserve increased interest rates for a 16th straight time.read more...