Mortgage Loan Network

An estimated two-thirds of Bank of Scotland’s mortgage customers could be vulnerable to fraud after a computer disk containing their details was lost. By Jill Treanor.

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DENVER Gov. Bill Ritter will sign a package of measures designed to crack down on fraud in mortgage lending and foreclosures, his spokesman said Friday.

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Are you hurting financially because of a subprime loan or mortgage?

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When yields rise, the average lives of mortgage bonds get longer, as fewer borrowers refinance their loans. This means mortgage-bond investors can be stuck with lower-yielding bonds longer than expected in a rising rate environment, a fact that pressures mortgage bond prices downward.

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The stock market yesterday clawed back to where it was seven years ago during the heady days of technology and the Internet boom — and it had to overcome an overnight sell-off in China to get there. via HeraldTribune.com

Try to avoid defaulting or you’ll have to pay a penalty tax, says Dr. Don.

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U.S. 10-year Treasury bond prices fell fractionally today, despite an unexpected drop in existing home sales last month. via TradingMarkets.com

Shareholders may not sue on behalf of mortgage giant Fannie Mae to force changes to its governing policies and recover money lost during a $6 billion accounting scandal, a federal judge ruled Thursday. via Baltimore Sun

For Los Angeles newlyweds Joseph and Jamie Horton, the deal looked too good to pass up: a mortgage with an initial 1.75 percent interest rate and payments that wouldn’t adjust for five years.

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Private mortgage insurance, a means of protecting lenders against homeowner defaults, rose in April at its fastest pace this decade.

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