Category Archives: Personal Finance

Repurchase Activity Causes Mortgage Concern: The amount of repurchases within the mortgage arena is not normally a cause for concern. But the recent uprising of repurchases has some analyst wondering if the mortgage market is about to crash. Added November 1st, 2006 – Click here to read more! Mortgage Rates on the Rise: The concern … Continue reading

First Quarter Strong For IndyMac: Record quarterly earnings were reported by IndyMac Bancorp Inc. on Monday morning. The mortgage giant reported a quarterly mortgage production topping $20 billion, and earnings of $80 million for the same quarter. Added May 1st, 2006 – Click here to read more! NetBank Explores Mortgage Options: In an effort to … Continue reading

Electronic Mortgage in the Works: In an attempt to expedite the mortgage closing process, as well as cut down on human error, NotaryPro has put forth a completely automated mortgage process. Added March 1st, 2006 – Click here to read more! Merge Creates Canadian Mortgage Giant: Toronto-based Scotiabank has signed a deal with Maple Financial … Continue reading

New Mortgage Fraud Catches Ten People: A new multi-million dollar mortgage fraud attempt has led to ten people being charged for their roles in the plan. The Mississippi fraud scheme had netted more than $10 million. Added June 1st, 2006 – Click here to read more! Protest Held at Mortgage Company: A California mortgage office … Continue reading

Foreclosures May Rise as Overburdened Buyer�s Interest Rates Rise: Now that the interest on adjustable-rate mortgages is increasing and housing prices are starting to drop, a lot of people are trapped with payments they can�t afford. When they can�t meet their payments, the only option may be foreclosure. Foreclosure is when the lender legally repossesses … Continue reading

Home Foreclosure up 34% From 2005: A fallout of the housing boom of 2005 is a sad affair; home foreclosure. Banks that would approved people when their property value increased, then sold and bought higher, has now come full circle. Banks are demanding their money. Added February 1st, 2006 – Click here to read more! … Continue reading

Cal-Bay Position Matures With Closing in Florida: An $8 million position for Cal-Bay looks to mature as one of the largest home builders closes escrow on a West Palm Beach, Florida property. First mortgage position was occupied by Cal-Bay. Added April 3rd, 2006 – Click here to read more! Prospectus Filed For Xceed Mortgage Trust: … Continue reading

Appraisers Address Mortgage Fraud and Default: Colorado has one of the highest foreclosure rates in the country, as well as an astounding number of mortgage fraud cases. While some of the fraud takes place due to mortgage professionals, some appraisers have had enough. Added August 1st, 2006 – Click here to read more! Higher Rate … Continue reading

Topic Added December 28th, 2006 – Print This Story Mortgage rates have yet again slipped downward, marking the second lowest point in one year. Rates for fixed and adjustable mortgages saw a decline in the national average rates this week. Mortgage rates fell for the fourth strait week, making the past week the second lowest … Continue reading

Topic Added December 29th, 2006 – Print This Story Many homeowners look forward to getting a small tax break for owning a home. But some people do not understand that there is caps put on the amount of mortgage interest one can deduct. Homeowners generally get a tax break for owning property, making tax time … Continue reading