Posts Tagged ‘Mortgage’

Mortgage lending missing element

Mortgage lending missing element
Under current Saudi mortgage lending practices, a notary public records a title deed that the property is subject to a mortgage. But notary publics are known to refuse to record those rahns, or pledges of property to secure a debt, if they have any concerns over the lender.

Read more on Khaleej Times

Mortgage lending at 10-year low

Mortgage lending at 10-year low
Mortgage lending dived to a 10-year low during January as the housing market suffered a lull following the end of the Government’s stamp duty holiday, figures have showed.

Read more on Press Assoc. via Yahoo! UK & Ireland News

Stocks shrug off mortgage rules

Stocks shrug off mortgage rules
Economist expects home-buying activity will persevere

Read more on The Globe and Mail

Gov’t mortgage plan aids 12 percent of borrowers

Gov’t mortgage plan aids 12 percent of borrowers
WASHINGTON – The government’s mortgage relief plan has helped only about 12 percent of borrowers who signed up since President Barack Obama announced the program a year ago.

Read more on The Cincinnati Enquirer

New mortgage rules introduced to lessen mortgage crunch risks: sources say

New mortgage rules introduced to lessen mortgage crunch risks: sources say
OTTAWA – The federal government is expected to announce new rules Tuesday that would make it more difficult for first-time buyers to enter Canada’s hot housing market.

Read more on Kitchener – Waterloo Record

Altisource Announces Acquisition of The Mortgage Partnership of America, L.L.C.

Altisource Announces Acquisition of The Mortgage Partnership of America, L.L.C.
LUXEMBOURG — Altisource Portfolio Solutions announced today the acquisition of The Mortgage Partnership of America, L.L.C. . MPA serves as the manager of the Lenders One Mortgage Cooperative , a national alliance of mortgage bankers established in 2000 that consists of more than 155 members that originated more than $75 billion in mortgage loans during 2009. 

Read more on GlobeNewswire via Yahoo! Finance

Freddie Mac: 30-year Mortgage Rate Falls Under 5%

Freddie Mac: 30-year Mortgage Rate Falls Under 5%
Freddie Mac: 30-year Mortgage Rate Falls Under 5%

Read more on Fox News

MPs launch follow-up mortgage inquiry

MPs launch follow-up mortgage inquiry
Following its report into mortgage arrears and access to mortgage finance, published in August 2009, the committee is seeking evidence on the number of homeowners in mortgage arrears, the number of homeowners who have had their properties repossessed, and forecasts for the trend in mortgage arrears and repossessions over the medium-term.

Read more on Money Marketing Online

Bankrate: Mortgage Rates Mostly Lower

Bankrate: Mortgage Rates Mostly Lower
Rates for most mortgage products retreated this week, but not the average conforming 30-year fixed mortgage, which remained at 5.15 percent, according to Bankrate.com’s weekly national survey.

Read more on PR Newswire via Yahoo! Finance

Hungary’s Mortgage Plan May Fail to Curb Foreign Debt (Update1)

Hungary’s Mortgage Plan May Fail to Curb Foreign Debt (Update1)
Feb. 11 (Bloomberg) — The Hungarian central bank’s plan to encourage local currency lending and reduce one of the region’s main financial risks may fail because it lacks incentives for banks, economists at Aegon, Nomura and RBC Capital said.

Read more on Bloomberg