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News about Mortgages:
Mortgage Defaults Bring Lender Processing Bonanza (Update2) - BloombergSept. 10 (Bloomberg) -- The worst housing downturn since the Great Depression is a bonanza for Lender Processing Services Inc. , the two-month-old spinoff that is the U.S.'s biggest processor of home-loan defaults and foreclosures. LPS has ...
Mortgage rates rise to make up for greater risk assumed by investors - Baltimore SunYou can normally predict the going rate for a 30-year fixed mortgage by looking at the yield on 10-year Treasury notes. If the yield is 3.8 percent, as it was in the middle of this month, you'd expect mortgage rates would be a bit less than 5Â ...
Risky mortgages threaten to keep housing market down - Detroit Free PressIn the mortgage industry, they are called liar loans -- mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname ninja loans, short for no income, no job and no assets. The nation's housing ...
Impact On You Of Mortgage Giants' Takeover - CBS News(CBS) With Washington taking over mortgage goliaths Fannie Mae and Freddie Mac, many current and would-be homeowners are wondering what effect the move is likely to have on them. On The Early Show Monday, Treasury Secretary Henry Paulson told co ...
Lehman May Shift $32 Billion of Mortgage Assets to `Bad Bank' - BloombergSept. 4 (Bloomberg) -- Lehman Brothers Holdings Inc. may shift about $32 billion of commercial mortgages and real estate to a new company that will be spun off in a move similar to the good-bank-bad-bank model used in the 1980s banking crisis, two ...
Troubles spread to prime Md. mortgages - Baltimore SunThe share of Maryland homeowners behind on their prime mortgages shot past 4 percent for the first time this spring, a sign that loan troubles are spreading beyond borrowers with shaky credit. More than 36,000 prime loans in Maryland were delinquent ...
Banks profiting while lifting mortgage interest rates - News.com.auBanks cried poor when lifting rates But their interest income far outweighs interest costs They are enjoying record profit margins AUSTRALIA'S major banks were enjoying record profit margins when they cried poor and lifted mortgage interest rates ...
Tribune Co. - Chicago TribuneNow, it's an even 100 years for the Chicago Cubs. The team that posted the best record in the National League is picking up the pieces again after three horrendous performances that resulted in a sweep by the Los Angeles Dodgers in the opening round ...
Dave Smith - Chicago TribuneWith fall arriving, leisure activities drift off the deck and into the house. For viewing big games or entertaining family and friends, increasingly the place to be is the basement. Now that this space has risen in status to be called the lower level ...
Lehman’s Commercial Real Estate Spinoff: Part Of A Fear Frenzy? - CNBCSo Lehman Brothers is getting out of the commercial real estate investment business by ridding itself of $25-$30 billion worth of CRE assets. This includes equity investments in companies such as US residential apartment REIT Archstone-Smith and ...

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Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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