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Hand mortgage loan news:

UPDATE 2-US mortgage rates post largest drop in 27 years - Reuters
NEW YORK, Dec 4 (Reuters) - Interest rates on U.S. 30-year fixed-rate mortgages plummeted by the largest amount in 27 years this week after an unprecendented intervention by the Federal Reserve, data from home funding company Freddie Mac showed on ...

Peter Boutell, Lending a Hand: Freddie Mac and Fannie Mae announce the ... - Santa Cruz Sentinel
The mortgage professionals on the front lines, those of us meeting with prospective homebuyers and originating mortgages, are greeting the details of the 2009 conforming limits as a mixed blessing. The ones making the rules had an opportunity to ...

ditto :+5 - ksl.com
means more "nationalization", plain and simple! One more step toward socialism by providing "help" to those who either made a bad decision about buying a home or were given a loan when they shouldn't have been given one. And now we reward these ...

US mortgage rates post largest drop in 27 yrs-Freddie Mac - Guardian Unlimited
NEW YORK, Dec 4 (Reuters) - Interest rates on U.S. 30-year fixed-rate mortgages plummeted by 0.44 percentage point in the latest week, the biggest weekly drop in 27 years, according to a survey released on Thursday by home funding company Freddie Mac ...

How and why mortgage fraud is growing - Philadelphia Inquirer
With the number of home loans shrinking because of the subprime meltdown and resulting tight credit, logic says mortgage fraud would be declining. But a report this week by the Mortgage Asset Research Institute, of Reston, Va., showed fraud rose 65 ...

UK mortgage holiday 'could help only 9,000' - Times Online
A scheme to cut house repossessions by offering struggling homeowners a mortgage holiday of up to two years is only expected to help about 9,000 people, Margaret Beckett, the Housing Minister, said today. That figure represents only a small fraction ...

New Orleans home-loan program builds slowly - New Orleans Times-Picayune
After months of dickering and false starts, the centerpiece in New Orleans' strategy of clustering people in viable neighborhoods is finally off the ground with forgivable loans for first-time homebuyers. A handful of low- to moderate-income families ...

US Diluted Loan Rules Before Crash - Common Dreams
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 ...

TEXT-S&PBULLETIN: Cap One Rtg unafctd by Chevy Chase acquisition - Forbes
Dec 4 - Standard & Poor's Ratings Services said today that its ratings on Capital One Financial Corp. (Capital One; BBB+/Stable/--) are not affected by the announcement that it plans to acquire Chevy Chase Bank, FSB (BBB-/Stable/--), due to the terms ...

Fed Ramps Up Emergency Loan Program - Huffingtonpost.com
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