North Mortgage Rates and Information Online from competing Lenders

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News about Mortgages:

Countrywide to refund $11.5M to N.C. borrowers - WRAL
Posted: Today at 11:58 a.m. Updated: 15 minutes ago RALEIGH, N.C. — Two subsidiaries of Countrywide Financial Corp. have agreed to repay more than $11 million to nearly 5,000 North Carolina borrowers who were overcharged on their mortgages, the ...

Brown will force banks to pass on full rate cut - Times Online
Gordon Brown issued a stark warning to banks today, demanding that lenders must pass on yesterday's full 1 per cent interest rate cut to their customers. The Bank of England yesterday cut the interest rate to 2 per cent — the lowest level since ...

Relief for homeowners? - NorthJersey.com
WASHINGTON — Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market, a government official said. The Treasury, which already has a program to buy mortgage-backed ...

One in 10 US mortgages in trouble - Independent
A record one in 10 Americans with a mortgage are either in arrears or having their house repossessed, according to latest figures. The Mortgage Bankers Association says the percentage of loans at least a month overdue or in foreclosure in September ...

Figure in mortgage fraud case pleads guilty - Boston Business Journal
A North Andover, Mass., woman who was an unindicted co-conspirator in what the government alleges was an extensive mortgage fraud scheme pleaded guilty Tuesday in federal court to four counts of wire fraud. Elizabeth Son, 26, was a “straw” buyer ...

Great Wolf Resorts, Inc. Provides Update on Status of Extension of ... - PR Newswire
MADISON, Wis., Nov. 28 /PRNewswire-FirstCall/ -- Great Wolf Resorts, Inc. (NASDAQ: WOLF) , North America's leading family of indoor waterpark resorts, today announced the company remains in discussions with its lenders regarding an extension of the ...

Job losses drive down North American stocks - Globe and Mail
Investors kept a wary eye on the Toronto Stock Exchange Friday, as dismal employment numbers threatened to push the S&P/TSX below a key resistance point and spark a fresh wave of selling. The market bottomed out on Nov. 20, when it closed at 7,647.11 ...

Other states to copy N.C. foreclosure program - WRAL
Posted: Dec. 4 3:18 p.m. Updated: Dec. 4 10:09 p.m. Raleigh, N.C. — The National Governors Association has recommended national legislation based on North Carolina’s new Home Foreclosure Prevention Program, which took effect last month. Gov. Mike ...

N. Carolina bickers over who can sue Freddie Mac over losses - The State
A turf battle between state Treasurer Richard Moore and state Attorney General Roy Cooper has cost North Carolina the chance to lead a class action lawsuit against mortgage backer Freddie Mac. At issue is which state agency should handle lawsuits ...

Turf battle ends state's chance to lead lawsuit - Raleigh News & Observer
Story Tools A turf battle between state Treasurer Richard Moore and state Attorney General Roy Cooper has cost North Carolina the chance to lead a class action lawsuit against mortgage backer Freddie Mac. At issue is which state agency should handle ...

Today's Mortgage Terms starting with J

Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.

Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.

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