Mortgage closing costs come under scrutiny (The Wichita Eagle) Is there any hope for simplifying the paper-laden, costly and often confusing American system of closing a home mortgage? Can anybody help straighten out the mess?via
Cerberus, H&R Block quit deal for Option One Mortgage (USA Today) Cerberus Capital Management and H&R Block said Tuesday they terminated their agreement for Cerberus to purchase H&R Block's mortgage subsidiary, which has now stopped accepting new mortgage applications.read more...
Lower fixed rates fail to draw more mortgage applicants: MBA (Market Watch) Applications filed for mortgages fall a seasonally adjusted 14.1% last week compared to the prior week, as applicants shrug off lower interest rates on fixed-rate loans, the Mortgage Bankers Association
U.S. Officials Warn of Scams Targeting Homeowners Federal officials say opportunistic scammers are targeting people trying to avoid foreclosure in the current housing downturn.
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Halifax lowers tracker mortgage rates (RTÉ News) Halifax has announced reductions in the 'goto' rates of its one-year discounted tracker mortgage offerings. The 'goto' is the rate paid by customers after the end of the one-year discount
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Dec. 13 (Bloomberg)—Lehman Brothers Holdings Inc., the largest U.S. underwriter of mortgage-backed bonds, said earnings fell for a second straight quarter and losses from the collapse of the subprime market will extend into next year.
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