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News about Mortgages:
No Joke, Homebuilders Beating Market - CNBC[ XHB Loading... ( ) ] surged on Wednesday as mortgage applications climbed for the first time in 3 weeks. Are we turning a corner? U.S. mortgage applications rose for the first time in three weeks as interest rates edged lower, an ...
S.Korea Woori Investment says eyes European bank - Guardian UnlimitedSEOUL, Aug 29 (Reuters) - South Korean brokerage Woori Investment & Securities said on Friday it was looking at about 20 European investment banks for a potential stake purchase or acquisition worth less than 2 trillion won ($1.84 billion). European ...
Stated income loans adding to mortgage crisis, analysts say - ksl.comWe haven't seen the last of the mortgage crisis. Some analysts predict it could take another 12 months before things get back to normal. Some industry analysts are blaming a certain kind of loan, and it's not the subprime. The "stated income" loan ...
Mortgage fraud scheme suspect convicted - ABC Action NewsBARTOW, FL -- A Polk County jury has convicted a Florida man of participating in a multi-million dollar mortgate fraud scheme that spanned two years and four counties. It took jury members just 45 minutes to convict Samuel Green, an account manager ...
Bank of China Has Slowest Profit Growth Among Chinese Lenders - BloombergAug. 28 (Bloomberg) -- Bank of China Ltd. posted the slowest profit growth among the nation's biggest lenders in the second quarter because of subprime mortgage losses and said it holds $10.5 billion of securities backed by U.S. home loans. Net ...
Bank of China Has Slowest Profit Growth Among Peers (Update1) - BloombergAug. 28 (Bloomberg) -- Bank of China Ltd. posted the slowest profit growth among the nation's biggest lenders in the second quarter because of subprime mortgage losses and said it holds $10.5 billion of securities backed by U.S. home loans. Net ...
Write-down limits profit growth at Bank of China - International Herald TribuneSHANGHAI : Bank of China posted the slowest profit growth among the nation's biggest lenders in the first half, weighed down by $405 million in second-quarter losses on U.S. subprime mortgage investments. Net income at the bank rose 43 percent to 42 ...
Nationwide says house prices falling fastest in 18 years - Times OnlinePrime properties in the heart of rural England have finally been drawn into Britain's sliding housing market, it emerged today, as Nationwide Building Society reported that prices are falling at their fastest annual rate in almost 18 years. Savills ...
Barack Obama's vision will collide with reality - CNBCWASHINGTON - Barack Obama is accepting the Democratic nomination Thursday night with a lofty vision for the United States' future that is far easier to articulate than to accomplish. The next occupant of the White House will inherit a half-trillion ...
Plouffe Whistles Plus: Obama's failed fight-back - SlateEffective day for Dems. 1) Bill Clinton outlined a simple, substantive framework for the election. As James Taranto noted, he built a stronger case for Obama than Hillary did--an inversion of how the two Clintons are said to actually feel about the ...

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Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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