Mortgage Rates on the Rise: The concern over inflation as well as an unstable T-note has caused mortgage rates to go up for the first time in months. Though some analyst say that rates are going through a normal flux, others say the rates will keep going north.
Added November 2nd, 2006 – Click here to read more!

Mortgage, Savings Linked: Some consumers are upset that the amount of interest paid on a savings account doesn�t come near the interest rate for their mortgage. One way to get around that? Put more money into your mortgage.
Added November 3rd, 2006 – Click here to read more!

Mortgage Law Makes Sales Slow: A new law introduced as a means to cap mortgage gauging has some industry professionals worrying about business. The law, introduced in Chicago, is requiring that some homeowners seek financial counseling prior to purchasing.
Added November 6th, 2006 – Click here to read more!

Florida Mortgage Companies Grow: Mortgage applications may be down as rates are going up, but Florida is looking to expand their mortgage business. Many companies in central and North Florida are expanding their offices.
Added November 7th, 2006 – Click here to read more!

Ohio Denies Company Bid for Brokerage Status: An Ohio firm applied for status as a mortgage broker and was turned down this week after it was found the officer of the company had not disclosed their criminal background on the application.
Added November 8th, 2006 – Click here to read more!

Mortgage Victims Get Help: A new hero has emerged in the fight against mortgage fraud. The National Community Reinvestment Coalition is helping fraud victims refinance their way out of mortgage nightmares.
Added November 9th, 2006 – Click here to read more!

Jury to Hear Mortgage Fraud Case: A multi-state investigation into mortgage fraud has solidified into a trial. Affecting over 100 Indiana houses that are now in foreclosure, the man responsible is being sued by one of the nations largest lenders.
Added November 10th, 2006 – Click here to read more!

Exotic Mortgages Explained: Agencies are starting to offer in-depth information regarding exotic mortgages, as many loans are coming due. The rush to refinance out of the �nontraditional� mortgages requires that borrowers be better informed.
Added November 13th, 2006 – Click here to read more!

Mortgages Drop in 2006: Reports issued this week show that the first half of 2006 showed a decline in mortgage originations, both in unit and monetary count. A drop in home value, as well as more mortgage options, still did not help numbers this year.
Added November 14th, 2006 – Click here to read more!

Foreclosures at Half Decade High: Foreclosures have been on the rise this year, with current numbers showing that 1% of all current homeowners will have to foreclose. This number is the highest in more than 50 years.
Added November 15th, 2006 – Click here to read more!

Mortgage Refinancing Again on Option: The rush for home purchases has died down and home values have once again regulated. Now, as the Fed refuses to raise their rates, the market is once again good for refinancing current mortgages.
Added November 16th, 2006 – Click here to read more!

Mortgage Fraud Affects Many: A mortgage fraud in Kansas City was found out, and the man responsible was sentenced to more than 12 years in a federal prison. The fraud affected so many homes and people, the prosecuting lawyer compared him to a hurricane.
Added November 17th, 2006 – Click here to read more!

Rising Rates Worry Homeowners: In a study conducted by one of the nation�s top mortgage lenders, many homeowners are concerned over their rising adjustable rate mortgages. On the flip side, many homeowners feel that they can easily refinance out of their current mortgage.
Added November 20th, 2006 – Click here to read more!

Mortgage Accelerator Explained: Though interest rates are stabilizing, many homeowners are looking for ways to get out of their current mortgages. A mortgage accelerator is a new breed of pitch to homeowners, promising to payoff a mortgage much sooner than usual.
Added November 21st, 2006 – Click here to read more!

Mortgage Rates Down Again: After a short revival of mortgage rates, the national average has once again come down. The drop is seen as a response to current real estate and economic trends as the year comes to a close.
Added November 22nd, 2006 – Click here to read more!

Mortgage Applications Fall Despite Low Rates: For the first time in four weeks, the average mortgage rate fell. Despite the lower rates, mortgage applications are still on the decline, a worrisome situation for the housing industry and economists alike.
Added November 23rd, 2006 – Click here to read more!

Mortgage Applications Jump: Though the national average mortgage rate was mixed this week, mortgage applications across the board saw a marked increase. Refinances were still the majority of new mortgage applications.
Added November 24th, 2006 – Click here to read more!

Hawaii Gives Higher Mortgage Tax Credits: The cost of buying a new home is staggering throughout the nation, with Hawaii being one of the most expensive states to own property. A new tax credit will provide relief, however, in the coming year.
Added November 27th, 2006 – Click here to read more!

Retirees Face Mortgage Questions: Retiring is a time normally allotted to taking it easy and enjoying the fruits of years of working. But many retirees face the question of their mortgage when leaving the work force; payoff, sell or refinance?
Added November 28th, 2006 – Click here to read more!

State Monitors Mortgage Firms: Most states are watching mortgage companies closely in the last few years as the amount of mortgage fraud reported has increased. Illinois took the initiative from a local paper to investigate a dew of their mortgage companies.
Added November 29th, 2006 – Click here to read more!

Mortgage Activity Still Falling Short: Though the number of mortgage applications is on the rise, Countrywide Home Lending, one of the nation�s top mortgage lenders, reports that mortgage fundings have dropped in the last two months.
Added November 30th, 2006 – Click here to read more!

NetBank Explores Mortgage Options: In an effort to improve earnings, NetBank has put forth an idea to sell its mortgage servicing platform. Included in the proposal is most of the company�s portfolio servicing rights.
Added May 2nd, 2006 – Click here to read more!

Bank Earnings Hurt By Cooling Market: A decrease of more than 50% in new loan applications has left a lot of independent mortgage companies in negative earnings. The trend has also led to consolidation of loan offices for larger lenders.
Added May 3rd, 2006 – Click here to read more!

Mortgage Companies Use India As Option: As industry trends show a continued slowing in the mortgage arena, companies are now looking to offshore some of their process to India. The move would relieve some of the financial strain that lenders are feeling.
Added May 4th, 2006 – Click here to read more!

Mortgage Leads Are �Hot� Commodity: The mortgage industry has become more competitive as the market has cooled. In a new move to remain competitive, some companies have begun to steal mortgage leads, making the lists a commodity to protect.
Added May 5th, 2006 – Click here to read more!

Makeover Possible For Reverse Mortgages: Senior citizens may get an even better deal when it comes to reverse mortgages. The program, already a popular choice for older borrowers, would allow a larger draw from the owner�s home equity.
Added May 8th, 2006 – Click here to read more!

Rising Rates to Create Refinance Boom: As rates and index increase, major lenders expect a rise in refinances. The trend will be toward fixed rate mortgages as those who opted for an adjustable rate mortgage begin to feel the pinch.
Added May 9th, 2006 – Click here to read more!

Freddie Mac Products Get New Life: An internet-based system offered by Freddie Mac, the nations second largest home funding company, will be expanded. The summer is set to bring more options from the company by way of the new selling system.
Added May 10th, 2006 – Click here to read more!

Mortgage Lenders Have New Tool Against Fraud: CoreLogic has designed a new system that analyzes behavior in order to detect suspicious patterns in borrowers. The new engine will hopefully enable lenders to cut down on the amount of borrower fraud.
Added May 11th, 2006 – Click here to read more!

Back Office Mortgage Fraud on Rise: The American dream of owning a home is experiencing another speed bump; real estate agents and brokers that are teaming up on the buyer. Subtlety has increased the risk of broker/agent collusion.
Added May 12th, 2006 – Click here to read more!

Rates Also Up in China: Rising housing rates are not just and American concern. China has raised its public housing rates by almost 10%, a jump that may put homeowners into a financial crunch.
Added May 15th, 2006 – Click here to read more!

Mortgage Giant Goes Out of Business: The current housing market has affected small and large lenders alike. Many small mortgage companies have gone belly up in the cooling market. They are now joined by a larger lender; Liberty Home Loan Group.
Added May 16th, 2006 – Click here to read more!

State Agency Gets More Complaints: In what seems a never ending battle, mortgage complaints are still rolling in across the nation. As the heat rises in a slow market, lenders and brokers are going to extremes to secure business.
Added May 17th, 2006 – Click here to read more!

Mortgage Expansion for Morgan Stanley: Amid a growing trend for cutting back in the mortgage field, Morgan Stanley is aggressively searching for mortgage origination and servicing acquisitions. The turn is a response to the company�s plan to become more competitive.
Added May 18th, 2006 – Click here to read more!

Colorado Eyes Mortgage Regulation: Though Colorado has largely stood alone in the ongoing battle with state mortgage regulation, the state has begun to recognize the growing need for standards. Some ask if the governor�s signature is too little, too late.
Added May 19th, 2006 – Click here to read more!

Mortgage Lender Opens Doors in Tampa: Some mortgage lenders are closing their doors on the west coast of the Sunshine State. Meanwhile, IndyMac will be supplying almost 150 mortgage positions as the company opens a new mortgage center in Tampa.
Added May 22nd, 2006 – Click here to read more!

Fees Cause Problems for Mortgage Company: British lenders have been warned that excessive fees may lead to legal action. The watchdog hopes that companies will back down over an exit fee, money that the group says is erroneous.
Added May 23rd, 2006 – Click here to read more!

Sting Busts Mortgage Scam: A Chicago man thought that the meeting at a Skokie restaurant last year would hatch a creative mortgage rip off. Instead, the scam ended up putting the man behind bars.
Added May 24th, 2006 – Click here to read more!

Affordable Mortgage Offered Through USDA: Government insured home loans may be boring to most lenders, but as rates and home values rise, government mortgages are on the rise. The popularity is partly due to programs that allow little or no money down.
Added May 25th, 2006 – Click here to read more!

Lenders Looking to Expand, Stay Competitive: The mortgage market is beginning to stabilize, sometimes at the cost of lenders closing. But as smaller lenders shut their doors, Old Merchants Bankers are looking to expand and take advantage of a more open market.
Added May 26th, 2006 – Click here to read more!

50 Year Mortgage Raises Eyebrows: Housing prices are high, rates continue to rise, but people still need homes. The answer may be in the form of a 50-year mortgage, although some warn that the idea may be hazardous for all involved.
Added May 29th, 2006 – Click here to read more!

Mortgage Demand Not Affected by Low Rates: The mortgage market has been volatile for months now. Rising rates, increased housing costs and inflated mortgages were named as factors for the cooling trend. But recent experience notes that low rates alone won�t help the mortgage industry.
Added May 30th, 2006 – Click here to read more!

Cool Mortgage Market May Help UK Economy: For the first time in nine months, approvals for mortgages fell. Though dropped housing prices did not start a rush for borrowers, the trend in the market may begin to help level the British economy.
Added May 31st, 2006 – Click here to read more!

Merge Creates Canadian Mortgage Giant: Toronto-based Scotiabank has signed a deal with Maple Financial Group Inc. which will purchase the smaller company for $233 million. The deal will make Scotiabank the third largest mortgage lender in Canada.
Added March 2nd, 2006 – Click here to read more!

Company Now Offers Online Mortgage Application: The first version of a web application for The Mortgage Net Inc. has been completed by Ifinix Corp. subsidiary R&B Computer Systems. The system allows a borrower to apply, monitor and track their mortgage process online.
Added March 3rd, 2006 – Click here to read more!

Virginia Senator�s Mortgage Raises Interest: Sen. Rick Santorum and his wife were approved for a $500,000 mortgage for their Leesburg home. The interesting part is that the small company that provided the mortgage has a policy to lend only to �affluent� investors � which the senator is not.
Added March 6th, 2006 – Click here to read more!

Florida Mortgage Plot Exposed: Two investors from Boca Raton, Florida admitted fleecing mortgage lenders for more than $67 million in fraudulent loans for Palm Beach county hotels.
Added March 7th, 2006 – Click here to read more!

Homebuyers Now Have Tools of the Trade: A new web site offers help in one of the most confusing journey�s in an adults life; a mortgage. The site also offers comparison shopping and tutorials to educate borrowers on the deals they�re getting.
Added March 8th, 2006 – Click here to read more!

California Brokerage a Scam: They drive behind AMG Mortgage were not often seen without their cigarettes and their cell phones. But their office is seen without a main stay of the company for the last few months; the business partners.
Added March 9th, 2006 – Click here to read more!

Business Feels Time Is Right For Refinancing: A hospital bond meeting was surprised when an investment rep told the JPs that the time was right for refinancing. Rising federal interest rate were behind the nudge, an indication that expenses will increase in the near future for federal refinancing.
Added March 31st, 2006 – Click here to read more!

Mortgage Data Shows Boost in Activity: Though mortgage approvals fell in January from those in December, the overall amount of approvals is still more than those in January of 2005. This is a promising, though slow, start to the new year for the mortgage market.
Added March 10th, 2006 – Click here to read more!

New Mortgage Guide Offered: Mortgages are big business, even in the cooling real estate market of 2006. How does a person know if they are getting a good deal though? With so many variables and technical jargon, a better way to educate borrowers has been offered; a mortgage guide.
Added March 13th, 2006 – Click here to read more!

Mortgage Bill Deferred: Hawaiian mortgage brokers were handed a significant victory. But the state lawmakers may have given only a temporary reprieve.
Added March 14th, 2006 – Click here to read more!

Delta Gets Mortgage Backed Securitization: A securitization priced at $875 million has been secured by Delta Financial Corporation. The move was facilitated by the companies subsidiary, Renaissance Mortgage Acceptance Group.
Added March 15th, 2006 – Click here to read more!

Mortgage Program to Help in-Need Buyers: First time homebuyers and low-to-moderate income homebuyers have a helping hand in Massachusetts. The Massachusetts Credit Union League will provide $100 million in below-rate mortgage loans.
Added March 16th, 2006 – Click here to read more!

Accounting Flaws in Mortgage Giant: Fannie Mae has disclosed that, when revising their already suspect account records, more flaws were found. The faulty accounting has now reached more than $11 billion.
Added March 17th, 2006 – Click here to read more!

Armed Forces Get Mortgage Support: A premier online lender has released a new initiative to give mortgage support to the armed forces and their families. The help includes paying up to 20% of lenders fees.
Added March 20th, 2006 – Click here to read more!

Mortgages Slow In February: The Council of Mortgage Lenders and the British Bankers Association are in agreement; mortgages have slowed down in February.
Added March 21st, 2006 – Click here to read more!

Mortgage Scammer Jailed: Predatory lending practices have risen in the past five years by more than 125%. Legislation and law makers are now trying to target this new breed of scammers by inflicting harsher punishments, like jail time.
Added March 22nd, 2006 – Click here to read more!

Late Payments Rise in 2005: A two and a half year high has been reached for late mortgage payments in the final quarter of 2005. Rising rates, high energy prices and damage from multiple strong hurricanes are held accountable.
Added March 23rd, 2006 – Click here to read more!

Texas Seniors Have Reverse Mortgage Option: Senior home owners across the US have had the option of reverse mortgages for years. A TX mortgage company has allowed the Lone Star seniors to have access to the same programs as the rest of the country.
Added March 24th, 2006 – Click here to read more!

Financing From GMAC Provided for RI Property: Diamond Hill Plaza, a retail property in RI, received more than $23 million in acquisition financing from mortgage giant GMAC. The Woonsocket company received the money in a floating rate, interim form.
Added March 27th, 2006 – Click here to read more!

Mortgage Market Gaining Strength: The amount of mortgage approvals, and housing prices, rose in March, a sign that the mortgage market is regaining its strength. Volume and fundings had been sliding in the past three months, but the industry appears to be improving.
Added March 28th, 2006 – Click here to read more!

EMC Hires New President: Mortgage corporation EMC hired a new President and COO. John Vella is joining the firm with 20 years experience in the mortgage field, and will take over the two positions in his own capacity.
Added March 29th, 2006 – Click here to read more!

Customer Centric Lending Adds Community Banks: MoneyLine Lending services has brought six community banks on board their customer-centric lending programs. Bank clients select MoneyLine for the advance online tools, full range of products and the superior customer service.
Added March 30th, 2006 – Click here to read more!

Protest Held at Mortgage Company: A California mortgage office was the scene of a predatory lending protest earlier this week. A mortgage company in Woburn has been one of the supposed predatory lenders.
Added June 2nd, 2006 – Click here to read more!

Home Sales Show Unexpected Rise: Amid the softening of the mortgage industry, an unexpected rise in new homes sales amazed those in the business. Analyst warn, however, that the trend will not last long, and that the housing market will continue to slow.
Added June 5th, 2006 – Click here to read more!

Illegal Mortgage Fees Still a Problem: The stalling housing market is creating problems for most people in the real estate industry. But when mortgage lenders start charging fees for paying back your loan, some watchdogs are crying foul.
Added June 6th, 2006 – Click here to read more!

Personalized Mortgage Company Makes a Difference: A California mortgage company is taking a new attitude toward the slowing market; provide better customer service and survive. The owner decided to give personalized customer service, and made her business boom.
Added June 7th, 2006 – Click here to read more!

Mortgage Lawyers Not Always a Help: The latest fraud in the mortgage industry has moved to the very people that are supposed to help. A rash of attorneys that are participating in fraud have the industry, and the clients, worried.
Added June 8th, 2006 – Click here to read more!

Watch for Mortgage Insurance Hassles: Lenders are rushing to the closing table in order to stay competitive. But when haste makes waste, the borrower is usually the one that pays for it.
Added June 9th, 2006 – Click here to read more!

Mortgage Rates Cause Drop in Demand: Once again, mortgage applications dropped as rates hit a four-year high. The real estate industry had started to look up until fixed rates neared seven percent as the week has worn on.
Added June 12th, 2006 – Click here to read more!

Reverse Mortgages Need Tighter Rules: Australia is the first country that has begun to implement a more restricting layout for reverse mortgages. The program, popular with borrowers in their retirement, has thus far been lax about the rules.
Added June 13th, 2006 – Click here to read more!

Make Effort to Cap High Mortgage Rates: The rise in demand for exotic mortgages have caused a crisis as home values stabilize. As people try to sell or refinance their homes, they find that money they were counting on just isn�t there.
Added June 14th, 2006 – Click here to read more!

Louisiana Sees Drop in Mortgage Delinquency: Dropping rates and an increase in economy is starting to balance mortgage delinquency in Louisiana. Delinquent mortgages have fallen by a third in the first quarter and by a quarter in the second quarter.
Added June 15th, 2006 – Click here to read more!

House Prices Begin to Fall In California: A good indication that housing prices are beginning to stabilize is showing in California. Housing prices in that state are staring to fall, making analyst hope that the trend will carry through the entire country.
Added June 16th, 2006 – Click here to read more!

Mortgage Demand Grows Despite Rates: After the Federal Reserve hiked rates to a new four-year high, analyst are scratching their heads as mortgage applications rose for the first time in nearly a month. The demand was most likely in response to a small drop in rates.
Added June 19th, 2006 – Click here to read more!

When is a Mortgage Risky?: Current market conditions have caused many analyst and lenders to warn against risky mortgages. But what products are risky, and can education regarding mortgages make all products safe?
Added June 20th, 2006 – Click here to read more!

Extra Payment Helps With Mortgage: At a time when mortgage rates are soaring, people are turning to more interesting ways to pay their mortgage. But is making an extra payment or dividing payments up really a good idea?
Added June 21st, 2006 – Click here to read more!

British Company Offers Buy-To-Let Product: A large British lender has approved a product allowing landlords to expand their portfolios. The deal could be good all around, since landlords would be able to offer more competitive rent rates.
Added June 22nd, 2006 – Click here to read more!

Good Mortgage Rates Require Good Credit: Interest rates are soaring and many people are rushing to refinance their exotic loans before they increase too much more. In order to get the best deal possible, borrowers should know that a good credit score goes a long way.
Added June 23rd, 2006 – Click here to read more!

Actions for Those That Inherit a Mortgage: A child cosigns a mortgage for their aging parent. A person signs a mortgage with their spouse. What happens when one of the people on a mortgage dies, leaving the other solely with legal responsibility?
Added June 26th, 2006 – Click here to read more!

New Mortgage Process System Being Offered: A new mortgage processing system is being offered by BancTec. The system will allow a smooth process from start to finish, with updated and integrated document preparation.
Added June 27th, 2006 – Click here to read more!

Title Company Joins With Top Three Lenders: Three of the five largest mortgage lenders of 2005 have a new tool for getting their job done. Lenders First Choice, a title and settlement agency, is offering a partnership with the companies.
Added June 28th, 2006 – Click here to read more!

Ohio Cracks Down on Mortgage Fraud: In what seems to be a bi-weekly cycle, a large mortgage scam was busted this week in Ohio. The credit was due largely to a new task force formed in August of last year, which has led to the capture of many mortgage scammers.
Added June 29th, 2006 – Click here to read more!

Purchasing a Home Without Doing Your �Homework�: When housing prices were sky-rocketing in the past couple of years, many renters thought they needed to buy a home as quick as possible before they were priced out of the market. In a lot of cases people didn�t do their �homework� in their rush to buy ending up buying houses they really couldn�t afford.
Added June 30th, 2006 – Click here to read more!

Equity Slow to Build on Long-Term Mortgages: It seems the mortgage lenders have gone the way of the car dealers and are now offering mortgages for 40, 45 or even 50 years. When interest rates are high and many people can�t qualify for a 30 year loan, long term mortgages seem to gain popularity again.
Added July 4th, 2006 – Click here to read more!

National City to Sell Subprime Loans: National City is considering selling some of their mortgage units over the summer to remain competitive in the mortgage market. The bank, ranked 8th in the US, sites the slowing mortgage market as a reason.
Added July 5th, 2006 – Click here to read more!

American Bank Expands Mortgage Division: It is no surprise that the mortgage market is experiencing some cooling, but at a time when some mortgage companies are downsizing, American Bank has just doubled their size.
Added July 6th, 2006 – Click here to read more!

Mortgage Employees Still Stable in Jobs: An online source for the mortgage industry has noted that, although the mortgage market has cooled, many companies are expanding and hiring. Those that have been affected by a layoff may not be out of a job for too long.
Added July 7th, 2006 – Click here to read more!

New Lease on Life For Mortgage Giant: After millions of dollars were found to be unaccounted for at mortgage giants Fannie Mae and Freddie Mac, the future of the companies looked dim. But new management says the discovery of the accounting failures circumvented financial ruin.
Added July 10th, 2006 – Click here to read more!

Mortgage Fraud Battled at State Level: Cities and counties have been battling the uprising of mortgage fraud for years. On the national level, reforms are moving slowly. But now, states are taking action to battle this new white-collar crime.
Added July 11th, 2006 – Click here to read more!

Second Week of Rising Mortgage Applications: Though fixed rate mortgages are still at a four year high, applications for mortgages rose a slight amount for the second week in a row. The increase may be a trend, or may be leading mortgage professionals to false hopes.
Added July 12th, 2006 – Click here to read more!

Cities Offer Mortgage Assistance: Current mortgage rates, along with record high housing prices, are keeping many borrowers from buying their first home. Some cities are taking action, offering mortgage assistance to those who would like to own their own home.
Added July 13th, 2006 – Click here to read more!

Mortgages Different in Hawaii: Some residents of the island state of Hawaii have learned to live without a mortgage. A leasehold state, one purchases their residence for 99 and � years from the government, but a few don�t feel the need to borrow.
Added July 14th, 2006 – Click here to read more!

Katrina Victims Get Homeowner Checks: Thousands of victims that were affected by Hurricane Katrina are starting to get some relief. Though some say the system is open to fraud, homeowners� checks are starting to be mailed for damages from the hurricane.
Added July 17th, 2006 – Click here to read more!

National Meeting Held For Licensing Mortgage Officers: In response to the rise of mortgage fraud and an increase in cutthroat business practices, the National Association of Responsible Loan Officers met with government regulators to try and establish proper broker licensing.
Added July 18th, 2006 – Click here to read more!

Credit Score Reporting Hurts Mortgage Clients: The three major credit reporting agencies are now being sued over a case of selective reporting. The practice, which can lower a credit score, has far reaching affects for those trying to obtain a mortgage.
Added July 19th, 2006 – Click here to read more!

Investors Still Getting Mortgages: Amazingly, some investors are still looking to the mortgage market to make a dollar. With high rates and stabilizing housing values, those that chose to buy and flip are taking risks.
Added July 20th, 2006 – Click here to read more!

Mortgage Fraud Includes Church: In a new, disturbing twist to the up rise of mortgage fraud, one woman claims that her church pastor was involved. The California woman was trying to avoid default on her mortgage, and was led astray by her spiritual leader.
Added July 21st, 2006 – Click here to read more!

Mortgage Lenders Merge to Stay Competitive: Two lenders have joined together in an attempt to remain competitive in today�s market. One of the lenders is one of the only private investing mortgage companies in Colorado, using private funds for mortgages.
Added July 24th, 2006 – Click here to read more!

Level Playing Field Desired in Mortgages: Brokers are hoping that as Congress is urged to enforce better lending ethics, the documents that are involved will get a makeover too. The current mortgage documents can vary from one lender to another, and are often difficult to understand.
Added July 25th, 2006 – Click here to read more!

How the Federal Reserve Affects Mortgage Rates: In the current market, it would make sense to most to lower mortgage rates to facilitate an increase in business as home values stabilize. So why did the Federal Reserve increase rates and how does it affect the mortgage industry?
Added July 26th, 2006 – Click here to read more!

Subprime Mortgages Can be Tricky: The mortgage market is forcing a lot of professionals to address niche regions of the business. An area that has seen an uprising is the subprime lender, although the products they provide can be treacherous.
Added July 27th, 2006 – Click here to read more!

Alaska Mortgages Still Not Regulated: The mortgage industry has seen a revamping of regulations and discussions in the past few months. Colorado has been a hot spot, but has recently begun to initiate regulatory changes. Alaska now remains as the only state to not have mortgage regulations.
Added July 28th, 2006 – Click here to read more!

Mortgage Life Insurance Not Always a Good Idea: After completing the rigorous trial of obtaining and closing on a mortgage, an homeowner may look forward to a little time to relax. But this is the time when insurance agents often want to target them for mortgage life insurance.
Added July 31st, 2006 – Click here to read more!

Rise in Mortgage Rates Deplete Home Renovations: Affordable home equity line of credit and piggy back loans made 2004 and 2005 the time of the home renovation. Considered an investment in the future, the renovations are now taking back seat to rising rates and a slow property market.
Added February 2nd, 2006 – Click here to read more!

Real Estate Cools in 2006: Property value boomed. Rates went down, then up. HELOCS were hot, fix rate mortgages were not. What does 2006 hold for the mortgage market? Analyst think that the heat of 2005 is cooling off quickly.
Added February 3rd, 2006 – Click here to read more!

Mortgage Industry Enthusiastic for 2006: Even with rising property costs and high mortgage rates, those in the mortgage industry look to 2006 as a stellar year. Utilizing referrals and repeat customers, those that sell mortgages are nothing but smiles.
Added February 6th, 2006 – Click here to read more!

Fee Based Mortgage to Boost Market: The need for objective, competent mortgage advice, while still providing revenue for mortgage professionals, has a new answer. The Mortgage Institute for Financial Services Professionals has proposed a fee-based advisory service which will reward mortgage professionals for their knowledge while providing better service for their borrowers.
Added February 7th, 2006 – Click here to read more!

Consideration for 50 Year Loan Term: With rates on the rise and property value still high, mortgage companies start to consider 50 year terms to remain competitive.
Added February 8th, 2006 – Click here to read more!

Ameriquest to Refund $325 Million: Ameriquest � the US�s largest lender to borrower with less than perfect credit � will have to refund almost $325 million in damages to borrowers from Missouri and Kansas. The attorney generals for 49 states brought charges against the company for predatory lending.
Added February 9th, 2006 – Click here to read more!

Landmark MOU Signed by Union National Bank: Union National Bank and DAMAC Properties have forged a landmark memorandum of understanding (MOU), the first step in a contract of business. The MOU provided that UNB will supply mortgage financing for UAE residents purchasing apartments in DAMAC developments.
Added February 10th, 2006 – Click here to read more!

Mortgage Auction Attempts to Lower Mortgages: In a market that is becoming more competitive, a website has been started that has lenders bid for mortgages. The site bundles similar borrowers together with the aim of giving them bulk appeal.
Added February 13th, 2006 – Click here to read more!

Don�t Forget Your Mortgage This Tax Season: Most home owners understand and use the tax break that their mortgage provides. By deducting your mortgage interest payments, you can get back hundreds on your return.
Added February 14th, 2006 – Click here to read more!

Borrowers Disappointed With Settlement: The settlement reached with Ameriquest Mortgage supposedly guarantees restitution for thousands of Washington state homeowners, according to state leaders. A former assistant attorney general thinks otherwise.
Added February 15th, 2006 – Click here to read more!

Prudential Looks to $10 Billion in 2006: The year of 2005 was record breaking for Prudential Mortgage Capital Company. They saw $9.34 billion in commercial mortgages fund by the end of that astonishing year.
Added February 16th, 2006 – Click here to read more!

UK Mortgage at 21 Month High: December proved to be a good month for UK mortgages. The amount of approvals for the last month of 2005 was the highest in 21 months.
Added February 17th, 2006 – Click here to read more!

Attorney General Goes After Mortgage Predators: Lisa Madigan, the Attorney General for Illinois, has set her sights on mortgage predators. The suit calls mortgage fraud a cancer that is eating away at neighborhoods.
Added February 20th, 2006 – Click here to read more!

Interest Only Mortgages to Pay Credit Debt?: A fixed rate mortgage, while stabilizing early in 2006, is still high. Is it a good idea to refinance and pay off credit card debt by getting an �interest only� loan?
Added February 21st, 2006 – Click here to read more!

Mortgage Industry of 2005 in Review: Countrywide Financial Corp. was the biggest residential lender of 2005 with over $500 billion in production. No other company came within $100 billion of the giant mortgage company.
Added February 22nd, 2006 – Click here to read more!

Mortgage Watchdog in the Works: In a move that may protect borrowers in the future, the GOP is looking at revising a bill to give states the power to regulate lending. The Republican push came from failed past attempts to protect Ohio homeowners.
Added February 23rd, 2006 – Click here to read more!

Mortgage Rates Rise in Face of Inflation: Rates rose to their highest since December at the beginning of this week, with 30 year fixed rate mortgages leading the increase. Inflation and rising rates have been making real estate investors nervous.
Added February 24th, 2006 – Click here to read more!

GMAC to Get $110M Conversion From Liberty: Horsham-based GMAC Mortgage Corp. will get a 450,000 square foot office facility developed by Liberty Property Trust. The Ft. Washington building, home of the present GMAC office, will be enlarged from 290,000 sf in the same building.
Added February 27th, 2006 – Click here to read more!

First Time Homebuyer Relief From the Whitehouse: Home loans may become accessible to first time home buyers with low or moderate income, according to the proposal of the Bush administration for two federally insured mortgage products aimed at just that.
Added February 28th, 2006 – Click here to read more!

Higher Rate Refinancing May Be Beneficial: Mortgage rates are now sky high and most people would think that now is not the time to be refinancing at a higher rate. But in some cases, the move to a higher rate mortgage could make sense.
Added August 2nd, 2006 – Click here to read more!

California Has Two Largest Lenders: The title of largest residential mortgage lender has a tie and both companies are located in California. During a review of second quarter earnings among lenders, the two companies exceeded the rest.
Added August 3rd, 2006 – Click here to read more!

Raise in Mortgage Rates May Reflect Fraud: Though the two issues may seem barely related, the current rise in mortgage rates may be one of the contributing factors to the rise in mortgage fraud. As rates go up, people become desperate for help, opening the door for fraud.
Added August 4th, 2006 – Click here to read more!

Mortgage Companies Turn to Offshoring: Mortgage lenders are finding out that one way to save money and cut costs are to offshore as much work as possible. Though the move may be great for profits, it is starting to hurt mortgage professionals.
Added August 7th, 2006 – Click here to read more!

Mortgage Payments Still Low After Re-Refinancing: A few years ago the trend was to get as big a mortgage as you could for as little as you could. Many of these were exotic or adjustable mortgages; now as the fixed period of time is up, some homeowners are renewing their exotic mortgages.
Added August 8th, 2006 – Click here to read more!

Mortgage Company Gets Direct Marketing: A Virginia-based mortgage company has decided to go with UCN�s software to improve direct sales. The technology will support the company�s direct response marketing initiatives.
Added August 9th, 2006 – Click here to read more!

Inflated Appraisals Cause Problems: Amid all the disclaimers about mortgage fraud, homeowners are now starting to have to worry about a different problem. During the real estate boom of the past few years, appraisal values of homes were inflated beyond market value.
Added August 10th, 2006 – Click here to read more!

Mortgage Applications Down Again: The mortgage market has begun to resemble a low level roller coaster as many people keep a wary eye on events. Applications for home loans fell for a second week after a short revival a month ago.
Added August 11th, 2006 – Click here to read more!

Are Mortgage Points a Good Idea: Mortgage rates continue to be high and many homeowners are trying to reduce their mortgage. But is paying points on your mortgage really beneficial?
Added August 14th, 2006 – Click here to read more!

Online Seminar Started for Mortgage Professionals: A new series of web-based seminars has been started by an electronic mortgage document company. The series caters to mortgage professionals, discussing the industry and ways to succeed.
Added August 15th, 2006 – Click here to read more!

Massachusetts Foreclosures Up: Massachusetts has experienced a large jump in the number of foreclosures. The trend of foreclosing will continue according to the data released for the second quarter of the year.
Added August 16th, 2006 – Click here to read more!

Mortgage Market Slows Condo Projects: Condos had been a staple for prospective homebuyers as single-family home prices soared. In response, the price of condos has gone up; but the demand for condos has now gone down.
Added August 17th, 2006 – Click here to read more!

Company Caters to Mortgage Offshoring: Though some mortgage professionals are questioning the idea of offshoring mortgage work, one company sees the industry trend as a way to clean up. The company has decided to monitor and assist companies that wish to offshore.
Added August 18th, 2006 – Click here to read more!

Foreign Mortgages Hard for US Lenders: The idea of having a second home in the US is loosing its appeal, since a lot of families can afford a new primary home. But buying a house in another country may be harder than one thinks, since US lenders are very little help.
Added August 21st, 2006 – Click here to read more!

Little Change Likely for Mortgage Rates: Analyst are expecting a small dip in mortgage rates over the next few weeks, but warn that the drop will not be drastic or long lived. The possible reduction would be in response to a continued slowing in the housing market.
Added August 22nd, 2006 – Click here to read more!

New York Offers Protection ARM Mortgage: A New York mortgage company revealed a new product today in response to the current market. The product is an adjustable rate mortgage that can increase only a little, but can drop if the national index goes down.
Added August 23rd, 2006 – Click here to read more!

Three Week Drop for Mortgage Rates: The end of this week showed a third dip in mortgage rates, inciting belief that the mortgage market may strengthen. The third strait drop in rates has not dropped them significantly, but the trend is enough to inspire hope.
Added August 24th, 2006 – Click here to read more!

Summer May Not be Hot Time for Homes: Summer is most notably the time of year when the housing industry booms. But due to cost inflation, high fuel bills and abnormally high rates, this summer may be a time to stay where you are.
Added August 25th, 2006 – Click here to read more!

Retirement with a Mortgage: As a person nears their retirement years, the last thing they want to concern themselves with is a mortgage. Here are a few tips as to how to manage retirement while paying a mortgage.
Added August 28th, 2006 – Click here to read more!

Appeal of Reverse Mortgages: In the new market, many seniors are turning to reverse mortgages to improve their lifestyle. While a reverse mortgage can be better than refinancing, the appeal of a reverse mortgage can be tricky.
Added August 29th, 2006 – Click here to read more!

New York Mortgage Most Expensive: Most of the nation is noticing the rise in mortgage rates with dismay. In New York, though, the cost of getting a mortgage is higher than anywhere else in the US due to an assortment of fees.
Added August 30th, 2006 – Click here to read more!

Mortgages in Low Demand: Mortgages have been slowing down over the past few months due to market conditions. But banks are now expecting that the quality of loans that they will be bringing in will go down as well.
Added August 31st, 2006 – Click here to read more!

Prospectus Filed For Xceed Mortgage Trust: Non-traditional lender Xceed Mortgage Corporation announced its trust division has filed a preliminary prospectus with securities regulators in Canada. The prospectus notes more than $500 million in mortgage-backed term notes.
Added April 4th, 2006 – Click here to read more!

Local Mortgage Companies Shut Down: As the mortgage industry cools, so does the business for small lenders. Two mortgage companies have shut down this past week in response to the slowing mortgage market.
Added April 5th, 2006 – Click here to read more!

New Arrest In Mortgage Scheme: Two Mississippi women were charged in a mortgage scheme in Lauderdale County. Each woman accrued six counts of mail fraud and one count each of conspiracy in a mortgage scheme.
Added April 6th, 2006 – Click here to read more!

Delivery Management System Delivered in Software: Astera Software has introduced an improved workflow and pool delivery management system. The mortgage software will allow departments to streamline due diligence and facilitate the delivery process.
Added April 7th, 2006 – Click here to read more!

Mortgage Training Course Approved: A Maryland mortgage education company received state approval for a new training course. The Hunts Valley company will offer a new class for statewide mortgage lenders.
Added April 10th, 2006 – Click here to read more!

New Mortgage Company Provides Stellar Service: When two experienced mortgage consultants came together, they decided to make a new kind of company. Reliant Mortgage Lending customers will know just who they are working with; one of the two owners of the company.
Added April 11th, 2006 – Click here to read more!

Borrowers Pay For Mortgage Fraud: Mortgage fraud has been pushed into the spotlight in the last few months. Though many fraudulent business are made to pay, in the end fraudulent lending activities can start costing the borrower, too.
Added April 12th, 2006 – Click here to read more!

Mortgage Company Forced Into Bankruptcy: A potential fraud case against a San Jose mortgage company has caused the lender and it�s top ranking official into bankruptcy. The fraud included fabricated deeds of trust and millions of dollars.
Added April 13th, 2006 – Click here to read more!

Lenders Partner to Avoid Foreclosures: NeighborWorks Center for Foreclosure Solutions and 12 major lenders have joined together to avert foreclosures in hotspots for the process. Neighborhoods that have high rates of foreclosure will be offered improved research, counseling and partnerships.
Added April 14th, 2006 – Click here to read more!

Ten Ways Mortgage Lenders Abuse Homeowners: A new survey compiled in the beginning of 2006 lists ten ways lenders abuse or overcharge borrowers. The survey covers every state in the US, and was compiled in response to consumers who wanted to know what fees were legal, and what was bogus.
Added April 17th, 2006 – Click here to read more!

Employment Drops as Rates Rise: The mortgage and real estate industry have cooled in the first and second quarter of 2006. While this is regulating the housing market, it has a backlash; cut backs for mortgage employees.
Added April 18th, 2006 – Click here to read more!

Mortgage Payments on Time in Hawaii: As the nation is starting to experience the rush to keep up with rising mortgage payments, there is one state that can boast the lowest percent of homeowners who fell behind on payments; Hawaii.
Added April 19th, 2006 – Click here to read more!

Website Gives Homeowners Tips on Fair Lending: A list of top five tips from the Homeowners Consumer Center helps those who want to purchase a home. The tips cover how to pick a real estate agent, getting a good deal on your mortgage and getting the right type of insurance.
Added April 20th, 2006 – Click here to read more!

Mortgage Risks Becoming Evident: Market analysts have forecasted that the mortgage bubble would burst. Though the market has cooled, and foreclosure rates have risen, those in the industry say that the worst is yet to come.
Added April 21st, 2006 – Click here to read more!

Assurance Program Offered For Mortgage Leads: The mortgage industry has a new proponent for purchase, refinance and equity leads. ProspectZone has created a new Quality Assurance Program, which will assist in enhancing the company�s estimable selection of mortgage leads.
Added April 24th, 2006 – Click here to read more!

Purchases Pushed by Freddie Mac: Cheaper valuations in March led to a boost in mortgage bonds for Freddie Mac for the second month in a row. The annualized growth rate for the mogul mortgage company is now at 17.2 percent.
Added April 25th, 2006 – Click here to read more!

Lending is Back With Two Year Record Growth: The market may seem to be cooling, but underlying mortgage lending has shown a jump in growth. UK lending is now at a two year high, leading some to believe that recovery is in sight for the mortgage market.
Added April 26th, 2006 – Click here to read more!

Mortgage Tool Launched by PMI: A new tool that offers a side by side comparison of mortgage options is now available to realtors and brokers. PMI�s new eCompare Calculator shows mortgage insurance options next to piggy back loans.
Added April 27th, 2006 – Click here to read more!

Get a Good Deal When Refinancing: When refinancing a home, knowing how to qualify for the best deals can save a lot of financial hassle and hardship. By following a few easy steps, borrowers can qualify for the best interest rate.
Added April 28th, 2006 – Click here to read more!

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