Articles Tagged with 'mortgage'

Demand for Loan Modifications Continues

November 24, 2010
Although the economy and housing markets show signs of improvement, many CUs face a slew of requests from members to modify loans and consumer debt, particularly mortgages. READ MORE

Rule Requires Mortgage Payment Summary

November 19, 2010
Rule requires disclosures on how mortgage payments change over time. READ MORE

Five Plead Guilty to $5 Million Mortgage Fraud

November 16, 2010
Fraudsters built homes that were appraised for significantly more money than they were worth, sold to straw buyers, and eventually placed in foreclosure. READ MORE

Is There a (Juris) Doctor in the House?

November 15, 2010
Millions of mortgages have been shipped around the global financial system—sold and resold—without the documents that traditionally prove who legally owns the loans and the properties. READ MORE

Three-M Laws: Tolls On the Road to Foreclosure

November 01, 2010
New state statutes likely will lengthen the foreclosure process. READ MORE

Agency Releases Mortgage Rate Data

October 28, 2010
The average interest rate on conventional, 30-year fixed-rate mortgage loans of $417,000 or less decreased 12 basis points (bp) to 4.58% in September. The average interest rate on 15-year, fixed-rate loans of $417,000 increased 11 bp to 4.57% in September. READ MORE

Mortgage Lending is Smooth Sailing for Shipbuilders CU

October 12, 2010
A strategic partnership helps the CU adapt to market changes, offer a competitive set of mortgage products, and differentiate itself through exceptional member service. READ MORE

Consumer Spending Falls 2.8% in 2009

October 11, 2010
Mortgage interest payments and charges fell from $3,890 in 2007 to $3,594 in 2009, evidence of the higher than normal mortgage default rate, falling house prices, lower rates of homeownership, and declining mortgage interest rates over the period. READ MORE

FTC Proposes Rule to Ban Deceptive Mortgage Ads

September 28, 2010
The agency's enforcement program has included many cases against mortgage lenders, brokers, and others for allegedly deceptive mortgage advertising. READ MORE

Attorney Charged in Property Mortgage Scam

September 23, 2010
Lenders were led to believe they were lending to residential purchasers who had made substantial down payments. READ MORE
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