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Mortgage plan set for IndyMac borrowers
8/21/2008 2:18:01 AM by adeal
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Thousands of troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail. Most IndyMac borrowers who are seriously delinquent ....(MortgagesInsight.com)
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ServiceLink Offers Special Services for Reverse Mortgages
8/21/2008 2:16:19 AM by adeal
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ServiceLink, a leading provider of origination and default services and the national mortgage services platform of Fidelity National Financial (NYSE:FNF), has enhanced its title and settlement solution for reverse mortgage transactions. Understanding that reverse mortgages differ from standard refin ....(MortgagesInsight.com)
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Skipton launches “Stepped” fixed rate loans
8/21/2008 2:14:04 AM by adeal
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Skipton Building Society has launched two five-year fixed-rate mortgages. The products aim to accommodate anticipated changes in financial circumstances as interest rates on the “Stepping up” and “Stepping Down” loans change annually. In the case of Stepping Up, the starting out rate is a low 5.39%, ....(MortgagesInsight.com)
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Rate cut and new mortgage deal round-up
8/21/2008 2:11:18 AM by adeal
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Yorkshire Building Society has today launched a two-year fixed-rate mortgage with interest at 5.54%. The lender is also tempting customers with a reduced fee of £895.In addition, both Yorkshire and Abbey have announced rate cuts on various loans.(MortgagesInsight.com)
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Drop in U.S. Housing Starts Due to Inflated June Figure, but Trend Still Downward
8/21/2008 2:10:19 AM by adeal
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Despite coming in slightly higher than was expected, housing starts still slid 11% to 965k in July, though economists say the drop is misleading given the artificially high reading in June. Last month, economists unanimously agreed that the headline index was misleading due to a change in the housin ....(MortgagesInsight.com)
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Beechwood sold: Homes saved
8/21/2008 2:06:35 AM by adeal
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Beechwood's receivers Deloitte today said the business had been sold for an undisclosed amount with all assets, including existing land, buildings, contracts and copyright. It will be sold as a going concern to Resibuildco Pty Ltd which will be funded by Cavasinni Constructions and the Cavasinni fam ....(MortgagesInsight.com)
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Best places to buy property
8/21/2008 2:05:16 AM by adeal
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That appears to be the secret to success in a subdued property market. While the national property market has been rattled by the Reserve Bank's campaign of interest rates rises, but experts insist well-located properties with water views remain as safe as an investment in blue-chip shares.(MortgagesInsight.com)
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160,000 homes Iemma forgot
8/21/2008 2:02:33 AM by adeal
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Not one sod of dirt has been turned on Sydney's promised lands, despite the Government guaranteeing the first homes by 2007. In June 2005, former premier Bob Carr promised 90,000 new homes would be built in Sydney's southwest, 60,000 in the northwest and 10,000 in Edmondson Park, near Liverpool.(MortgagesInsight.com)
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How much are you being slugged?
8/21/2008 1:58:48 AM by adeal
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IF YOU want to know how much the sub-prime credit crisis is costing you, it is now a simple calculation. Ignoring the more difficult to estimate "indirect" costs such as a plunging superannuation balance or rapidly slowing economy, the answer depends on the size of your mortgage.According to figures ....(MortgagesInsight.com)
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U.S. mortgage applications plunge
8/21/2008 1:54:36 AM by adeal
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Mortgage application volume in the United States fell last week to its lowest levels in more than six years, the Mortgage Bankers Association said Wednesday. The fall in application volume is the latest sign of a struggling housing market. On Tuesday, a Commerce Department report showed construction ....(MortgagesInsight.com)
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