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Story mortgage loans news:

Mortgage insurers see defaults rise again in October - Marketwatch
Insured mortgage defaults rose again in October, but the number of loans brought up to date also increased, according to a report by Mortgage Insurance Companies of America. The association of the largest mortgage insurers said Monday that 80,071 ...

Bellingham man's adjustable mortgage became money trap - Bellingham Herald
Like millions of his fellow Americans, Francisco Caceres of Bellingham took advantage of an adjustable rate mortgage to help him buy a house with a monthly payment he could afford. Caceres said he got his first adjustable mortgage seven years ago and ...

General Growth gets 2-week extension on $900 million in loans - Arlington Heights Daily Herald
General Growth Properties Inc., the real-estate investment trust that's considering bankruptcy, got a two-week extension from its lenders on $900 million in mortgage loans. General Growth and the banks are discussing a longer extension to repay the ...

Mortgage lending plunges nearly 70% - Ananova
Mortgage lending collapsed during October, diving by nearly 70% to reach the second lowest figure on record, the Bank of England said. Just £459 million was advanced during the month, well down on September's £1.49 billion and only 6% of the level ...

Are you an idiot to keep paying your mortgage? - ABC 15 News
If you have significant equity in your home, absolutely. If you don't, it's getting harder to answer that question, especially when our government keeps giving people who owe more than their homes are worth so many reasons not to pay. Last week, the ...

General Growth Properties wins reprieve, gets 2-week extension on $900 ... - Chicago Tribune
CHICAGO (AP) _ General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders. The ...

Bankers helped kill stiffer mortgage rule proposals - Houston Chronicle
WASHINGTON — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

U.S. Rethinking Roles of Fannie, Freddie - Smart Money
NEW YORK (Dow Jones) -- America's $11 trillion home-mortgage market is heading for a makeover. Mortgage lending in the U.S. relies heavily on institutions set up in the 1930s by politicians and government officials seeking remedies for the Great ...

The Maze of "Poisoned" Stocks - Dar Al Hayat
Architects of the US economic bailout plan, particularly those from president-elect Barack Obama's team, agree that the best way out of the crisis is to "put money in the hands of citizens." This means improving the consumer market as a prelude to ...

UPDATE 3-Credit-card industry may cut $2 trln lines - analyst - FXStreet.com
Dec 1 (Reuters) - The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith ...