Mortgages

Some 249 local authority mortgage loans in Kilkenny were in arrears of more than 90 days as of the third quarter of 2011, according to the Department of the Environment. This is up from 208 loans that had arrears of over 90 days at the end of 2010. Nationally, 27.5% of such loans are in [...]

Interest rates for mortgages are set to go up, but quietly, the New York Times reported. A government-mandated increase in guarantee fees will push the overall interest rates for mortgages up, and also raise interest rates on mortgages re-sold to Fannie Mae or Freddie Mac. Estimates put the increase at one eighth of a percentage [...]

WASHINGTON, Mar 02, 2012 (BUSINESS WIRE) – The National Association of Home Builders (NAHB) today announced a new comprehensive framework for housing finance system reform that would transition Fannie Mae and Freddie Mac to a new mortgage securitization system for single-family and multifamily conventional mortgages. “Our plan seeks to overhaul the housing finance system to [...]

Who owns my mortgage? Its a frequently asked question, and the reason is always the same: A change is needed. Someone is trying to refinance the mortgage, or is trying to save a house from foreclosure, among possible scenarios. Finding the answer to this question has become extremely important to many homeowners, but especially those [...]

CHARLIE TAYLOR The Central Bank has said it intends to make it easier for homeowners to obtain negative equity mortgages. In a speech this afternoon, Central Bank deputy governor Matthew Elderfield said negative equity was likely to remain an unpleasant reality for many borrowers for years to come. Addressing the Harvard Business School Alumni Club [...]

This post comes from Marilyn Lewis of MSN Money. #160; Although interest rates are rolling along at historic lows, mortgage fees are rising, pushing up the total cost of a home loan or refinancing. #160; The Federal Housing Administration announced this week that it will hike the cost of its mortgages to raise funds and [...]

Feb. 9 (Bloomberg) — Mortgages that helped fuel speculation during the UKs housing boom by turning homeowners into aspiring property moguls are making a comeback. Investor demand for bonds backed by so-called buy-to-let mortgages surged last week by the most in almost two years, according to JPMorgan Chase amp; Co. New lending to rental property [...]

Of the 1.5 million residential mortgages in the Bay State, 16.1 percent owe more than their house is worth, according to a fourth-quarter 2011 report from California-based CoreLogic. The report shows a worsening from the fourth quarter of 2010, when 15.3 percent of Bay State homeowners were paying mortgages on underwater homes. The latest report [...]

(Source: By Alan J. Heavens The Philadelphia Inquirer) “Who owns my mortgage?” It’s a frequently asked question, and the reason is always the same: A change is needed. Someone is trying to refinance the mortgage, or is trying to save a house from foreclosure, among possible scenarios. Finding the answer to this question has become [...]

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