Mortgage Loan Network

Prosecutors rested their case Wednesday in the mortgage fraud trial of former Jackson County Executive Katheryn Shields.

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The City of Milwaukee is issuing an advisory to 167,000 households this fall to be wary of anyone promising easy solutions to mortgage problems.

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PHILADELPHIA (AP) ? Gov. Ed Rendell on Monday gave a big push to two state programs designed to give relief to homeowners victimized by predatory lending or facing unaffordable increases in their mortgage payments.

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A reader asks if a drop in the federal-funds rate influence the fixed-rate mortgage? Terri Cullen explains.

Applications to refinance existing loans rose a seasonally adjusted 9.2% for the week ended Oct. 26.

During a 2006 annual survey, home electronics installing/dealer firms reported that 52 percent of their revenue came from new construction and 48 percent from remodeling/retrofit work. via TechNewsWorld

“Arguably, the most overlooked part of buying a plasma or LCD television is mounting it. Homeowners have the daunting task of not only deciding where they want their new television to go, but they just have no idea how to get it there”

As many families are choosing to provide their own movie experience instead of driving to the nearest theater, the hot home-improvement trend this fall is enhancing the home theater. via Courier News Online

A soaring number of U.S. homeowners struggled to make mortgage payments in the third quarter, with properties in some stage of foreclosure more than doubling from the same time last year, a mortgage data company said Thursday.

A total of 446,726 homes nationwide were targeted by some sort of foreclosure activity from July to September, up 100.1 percent from 223,233 properties in the year-ago period, according to Irvine-based RealtyTrac Inc.

The current figure was 33.9 percent higher than the 333,731 properties in foreclosure in the second quarter of this year. Read more

“Recent increases in energy and commodity prices, among other factors, may put renewed upward pressure on inflation”

The Federal Reserve cut interest rates on Wednesday, but said the risk of inflation was roughly equal to downside risks to growth, suggesting further rate reductions are far from a sure bet. via Environmental News Network

On the day that the Federal Reserve cuts short-term interest rates, you’d expect mortgage rates to fall, right? They did—but just barely. The benchmark 30-year fixed-rate mortgage fell 2 basis points, to 6.29 percent, according to the Bankrate.com national survey of large lenders.

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