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California Foreclosures up 200% from Last Year
RISMEDIA, September 10, 2007--The 2nd Quarter National Delinquency Survey, released recently by the Mortgage Bankers Association (MBA), shows that California mortgage loans entering foreclosure have reached 25-year highs, with subprime borrowers bearing the brunt of the storm.The MBA linked market factors such as declining home prices and an increase in ...
New Foreclosures up in 47 States
RISMEDIA, September 10, 2007--The 2nd Quarter National Delinquency Survey, released recently by the Mortgage Bankers Association (MBA), shows that mortgage loans entering foreclosure have increased in 47 states since this time last year. On average, the increases were 50% higher. Only four states -- North Dakota, South Dakota, Utah and ...
U.S. Mortgage Rates Mixed
By Amy HoakRISMEDIA, September 3, 2007-(MarketWatch)-Long-term mortgage rates headed down this week, while short-term rates moved up, according to Freddie Mac's weekly survey. ...
Confused by the Mortgage Maze?
RISMEDIA, August 30, 2007-(MCT)-A day hasn't passed in recent weeks without some discussion of the home lending and liquidity crisis. ...
Mortgage ‘Tap’ Has Been Shut Off: Finance Experts Say Market is Merely Returning to Normal
RISMEDIA, August 28, 2007-(MCT)-The rules of getting a mortgage have changed -- while you were on vacation. ...
UK Mortgage Market Reacts to U.S. Crash
RISMEDIA, August 28, 2007-The Council of Mortgage Lenders stated earlier this month that because of the "structural differences" between U.S. lending and UK regulated lending the UK mortgage market would not be affected. However it has just been revealed that three UK lenders have simply pulled out of the sub-prime ...
Mortgage Experts Launch ‘Better Mortgage Bureau,’ for Consumers Looking for Legitimate Home Loans
RISMEDIA, August 24, 2007-With an entire industry quaking, it was bound to happen. ...
Regional Spotlight: Connecticut Home Mortgage Ranks Among the Nation’s Best
RISMEDIA, August 24, 2007-Annually, Broker's Magazine conducts a nationwide survey of the top mortgage companies and top mortgage originators in their ‘Best of the Best' issue. This is the second year that Shelton-based, Connecticut Home Mortgage made the nationwide list of the Top 50 Loan Brokerage Firms. In 2006, Connecticut ...
Chase Family Opportunity Mortgage Helps Families Buy Homes for College Students, Senior Citizens
RISMEDIA, August 24, 2007-Chase, one of the nation's leading residential housing lenders, announced Chase Family Opportunity Mortgage, to help consumers buy a home for their children attending college or for their elderly parents. ...
Lend America Offers Consumers Relevant Mortgage Solutions
RISMEDIA, August 23, 2007—Lend America, a privately owned direct-to-consumer residential mortgage lender with a core focus on originating government-insured loans, announced its business remains strong. As it continues to help consumers address their mortgage needs, especially now, many other industry players encounter difficulties in the current mortgage environment. ...
