07/06/13 The Raw Mortgage Feed

Comprehensive Real-Time News Feed for Mortgage.

• U.S. adds 195K jobs; unemployment 7.6% _{2013-07-06, 04:50 am}
  ... had previously estimated -- 50,000 in April and 20,000 in May. The Fed has been buying $85 billion in Treasury and mortgage bonds each month since late last year. The purchases pushed long-term interest rates to historic lows, fueled a stock rally ...
• Stocks end with strong gains _{2013-07-06, 04:41 am}
  Stocks ended with a surge Friday after traders decided that a healthy job market mattered more than the Federal Reserve scaling back its economic stimulus.
• U.S. economy adds 195K jobs _{2013-07-06, 04:40 am}
  ... Fed would likely scale back its bond purchases later this year. The Fed has been buying $85 billion in Treasury and mortgage bonds each month since late last year. The purchases pushed long-term interest rates to historic lows, fueled a stock rally ...
• Personal Banker / 92213961 _{2013-07-06, 04:38 am}
  ... to comply with and be subject to the Monster Terms and Conditions and Privacy Policy for use of our website. Mortgage (FCM), and First Community Services (FCS) continue to thrive across the state of Texas. Founded as First National Bank of Killeen ...
• Reader Profile: YA _{2013-07-06, 04:34 am}
  ... $9.00 Land property tax: $78.00 Food: $300.00 AAA: $4.00 Life Insurance: $11.00 Dogs: $150.00 Water/sewer: $33.00 Mortgage: $540.00 Netflix: $18.00 Total: $1,686.00 I want to quit my job and do something more creative and flexible so that I can be ...
• Las Vegas Suburb Accused of Plotting to Seize 5000 Homes with Eminent ... _{2013-07-06, 04:03 am}
  ... d into and embarked upon a plan to use the power of eminent domain to condemn and seize privately-owned residential mortgage loans in the City," the complaint states. "The City intends to target for seizure ...
• Home prices rise in May by most in 7 years _{2013-07-06, 03:30 am}
  ... (20.2 percent), Arizona (16.9 percent), Hawaii (16.1 percent) and Oregon (15.5 percent). Steady hiring and low mortgage rates have encouraged more Americans to buy homes. Greater demand, a limited number of homes for sale and fewer foreclosures have ...
• Federal furloughs create hardships for workers _{2013-07-06, 03:30 am}
  ... them from being placed on furlough status. Newsflash: Furlough does not mean people have to stop paying their mortgage, utilities, car payments/insurance (car, medical, dental), day care and put food on the table. Life goes on but with up to 30 ...
• June's new jobs report not too hot or too cold _{2013-07-06, 03:29 am}
  ... of the Fed action is critical. The central bank's program of buying $85 billion a month in Treasury securities and mortgage-backed bonds has not only kept long-term interest rates low for borrowers, from big companies to individual homebuyers, but ...
• Reverse My Mortgage Is Now Offering HECM Loans in the Denver Colorado Area _{2013-07-06, 03:28 am}
  Reverse My Mortgage has recently announced that they will be offering their services in Colorado starting in the summer of 2013.
• Rate State Explains Interest Only Mortgages in Their Latest Article _{2013-07-06, 03:26 am}
  ... reveal what exactly this term means and for who it is an option in their article titled "What Is An Interest Only Mortgage?" Rate State explains that, for some people, interest-only loans can help buy more with less, at least in the short term. They ...
• Home Prices Stabilizing - Blue Loan Services Helps Homebuyers And... _{2013-07-06, 03:25 am}
  ... helps facilitate this process with their fast online loan processing system. Blue Loan Services is a full services mortgage company that has been helping residents of California to find the best loan products and home loan rates for many years. The ...
• Best Time to Lock in a Mortgage Rate Explained in New Loan Love Mortgage Rate Lock Guide _{2013-07-06, 03:24 am}
  A new Loan Love Mortgage Rate Lock guide helps home loan borrowers to decide when the best time to lock in their rate would be.
• Findlay police investigating 'irregularities' at title agency _{2013-07-06, 02:29 am}
  ... on June 24. Police provided no details, except to confirm they are investigating. Title insurance protects a mortgage lender or property owner against unforeseen events that would reduce a property's value. Hensley was dismissed from her job for ...
• Lending manager hired _{2013-07-06, 02:24 am}
  ... senior management team. Bellaire possesses 24 years financial industry experience with HSBC Bank USA and Premium Mortgage Corp. and will be responsible for all mortgage lending, loan underwriting, collections and lender compliance. He is a graduate ...
• Pope Francis's Vatican: How the New Pontiff Is Shaking Things Up _{2013-07-06, 02:04 am}
  ... giving various amounts to friends in exchange for checks he could then deposit into his Italian account to pay a mortgage. He preferred to use 500-euro bills, earning his nickname "Don 500" in the Italian press. The operation didn't sound any alarm ...
• June hiring continues positive trends _{2013-07-06, 02:04 am}
  ... buying this year. If it did, long-term rates would likely rise. The Fed has been buying $85 billion in Treasury and mortgage bonds each month since late last year. The purchases pushed long-term interest rates to historic lows, fueled a stock rally ...
• Financial priorities during times of hardship _{2013-07-06, 02:00 am}
  ... advise that these kinds of bills are the most important to keep up with: -Basic housing, including rent or mortgage, real estate taxes and utilities -Child support -Automobile loans and insurance -Income taxes and IRS liens on property These ...
• Hold on: Mortgage rates to rise again _{2013-07-06, 01:46 am}
  ... bond yields soaring. For potential home-buyers, the concern is the spike in the 10-year bonds, which tends to track mortgage rates. As bond prices tumbled, yields hit levels not seen since 2011 - a sign that higher mortgage rates are sure to hit ...
• SCHRAM: Political paralysis strikes again -- this time loading students with debt _{2013-07-06, 01:30 am}
  In a bipartisan act of calculated inaction and willful indifference, the Democrats and Republicans who run Congress passively allowed a key student loan interest rate for low- and middle-income students to double.

07/03/13 Comprehensive Real-Time News Feed for Mortgage

• CMHC sees hikes in prices and sales for single-family homes _{2013-07-02, 03:00 am}
  The average sale price for a single family home will be $258,000 for this year, Canada Mortgage and Housing Corporation is predicting in its second quarter housing market outlook, a 2.4 per cent increase over last year.
• Man honors brother's dying wish with $500 tips _{2013-07-03, 10:44 pm}
  ... In the video library you'll also find tips on 401k plans, Treasurys, oil and gold prices, interest rates, the mortgage market, the Federal Reserve, growth and value stocks, and a variety of other topics. For more advice on investing and for news on ...
• U.S. rate on 30-year mortgage falls to 4.29 percent _{2013-07-03, 10:32 pm}
  ... 4.46 percent last week, the highest in two years and a full point more than a month ago. The average on the 15-year mortgage fell to 3.39 percent, down from 3.50 percent last week - the highest since August 2011. Mortgage rates jumped last week ...
• Soaring mortgage rates could fuel home buying in short term, slow housing recovery in long term_{2013-07-03, 10:28 pm}
  A consumer who takes out a $170,000 mortgage today will have a monthly payment that's $100 higher than it would have been when interest rates were lower two months ago.
• 50 years in, ZIP codes an open-source treasure trove _{2013-07-03, 10:21 pm}
  ... way to measure all sorts of socioeconomic and health numbers." Banks and insurers now use ZIP codes to analyze mortgage risk and set premiums, real estate firms use them to organize listings, and retailers use them to decide where to build new ...
• Business Highlights _{2013-07-03, 10:21 pm}
  ... 4.46 percent last week, the highest in two years and a full point more than a month ago. The average on the 15-year mortgage fell to 3.39 percent, down from 3.50 percent last week - the highest since August 2011. NEW YORK (AP) - The New York ...
• Job uncertainties lead to rise in public school enrolment _{2013-07-03, 10:18 pm}
  ... "That's the sort of discretionary spending that families will often forego in order to meet the basic costs of the mortgage and putting food on the table." Mr Bates says the recent downturn in the coal mining sector is one of the factors at play as ...
• Whyte has four weeks to save his castle from repossession _{2013-07-03, 10:13 pm}
  FORMER Rangers owner Craig Whyte has until the end of the month to pay his mortgage arrears before a bank repossesses his castle home.
• Can the University of Hawaii make millions off its research? _{2013-07-03, 10:12 pm}
  ... labs have attracted millions of dollars in federal and foundation grants. A percentage of that grant money pays the mortgage on the $22.5 million, LEED-certified, C-MORE Hale on the Manoa campus, and fills its labs with scientific equipment, such as ...
• 4 Financial Stock Stories Making News In the Short Trading Day _{2013-07-03, 10:11 pm}
  ... said Wells Fargo and JPMorgan Chase & Co. ( NYSE:JPM ) will report soon and could take a blow from the collapse in mortgage refinancing that began when the Federal Reserve implied it may soon slow down asset purchases. The Mortgage Bankers ...
• Oaks golf course closed; Pelican Point cutting 9 holes _{2013-07-03, 09:58 pm}
  ... the amount of its debt, $2.8 million. McDaniel said The Oaks' board met with American Gateway Bank, which holds the mortgage on the property. But those negotiations proved fruitless. The Oaks board plans to turn the property over to the bank later ...
• Wells Fargo plans Home Preservation Workshop _{2013-07-03, 09:47 pm}
  Wells Fargo & Company is hosting a free Home Preservation Workshop in Memphis for Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships.
• Obama Credit Watchdog Snoops Personal Financial Data _{2013-07-03, 09:44 pm}
  Big Brother is watching you - in even more ways than previously known. It turns out the National Security Agency and Internal Revenue Service aren't the only federal agencies gathering sensitive information about you.
• Flag retirement ceremony planned in Long Beach on Friday _{2013-07-03, 09:42 pm}
  ... this time each year, when many think about buying a new flag in time for Fourth of July. The 51-year-old Smith, a mortgage broker, has partnered with the Bixby Knolls Business Improvement Association, Boy Scout Troop 29 and Cub Scout Pack 32 to ...
• Yancey's double run lures three to focus on his Council seat _{2013-07-03, 09:39 pm}
  ... Monteiro, 45, said. "I believe I'm ready." A Cape Verde native who came to the US at the age of 22, he works as a mortgage loan originator. "I want to represent my community," he said. "I'm running because I believe now is the right time to elect ...
• Mark Carney boosted again as UK's services growth storms ahead _{2013-07-03, 09:38 pm}
  ... members were voting for a rate rise." The Bank's latest credit conditions survey predicted "significant demand" for mortgage loans driven by Funding for Lending and the Government's Help to Buy scheme would continue for the next three months. Larger ...
• Susan Tompor: Rates on savings nowhere to go but up? _{2013-07-03, 09:27 pm}
  ... fill up an SUV's gas tank this summer on the interest you'd make on $10,000 saved in a typical one-year CD. While mortgage rates have edged upward, though, it could be quite some time before savers benefit from significantly higher rates. Many banks ...
• Mortgage rates retreat after last week's jump _{2013-07-03, 09:21 pm}
  A 30-year fixed-rate mortgage averaged 4.29 percent in the week ending July 3, down from 4.46 percent last week, according to Freddie Mac's weekly rate report A 15-year fix fell to 3.39 percent, down from 3.50 percent.
• Moore puts ordinance requiring storm shelters in homes on hold _{2013-07-03, 09:13 pm}
  ... How much the shelters will cost and how the community will respond to those costs are their biggest concerns, so mortgage expert Kelly Griggs calculated just how much it would be each year. He found that it could be as little as $14 a month. "Some ...
• Delaware Supreme Court weighs whether former Countrywide shareholders can pursue lawsuit_{2013-07-03, 09:05 pm}
  The Delaware Supreme Court is considering whether former shareholders of Countrywide Financial Corp. should be allowed to pursue a federal lawsuit filed against leaders of the former mortgage lending giant before it was acquired by Bank of America in a hastily arranged buyout in 2008.

the Country's in the Very Best of Hands: Foreclosure Settlement...

... Tuesday, some of the first people to receive payouts under the $9.2 billion deal between federal regulators and the mortgage industry called into a government hotline to report that their bank would not cash their check." Problem fixed now, but as ...

http://pjmedia.com/instapundit/167305/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+instapundit%2Fpodcast+%28Instapundit+Podcast%29

Over valuation claim against lender dropped

... on the value and anticipated rent return of the property in Cobham, Surrey. Mr Scullion had applied for a A 283,000 mortgage against the A 353,000 purchase price, which the valuation agreed with. The valuer's report also indicated an expected rent ...

http://www.landlordzone.co.uk/blog/news/over-valuation-claim-against-lender-dropped

Fewer underwater mortgages could mean highest prices since boom years

From the April issue: Home equity is back! And it's growing fast: According to the latest data from the Federal Reserve, Americans' net equity holdings in their homes jumped by nearly half a trillion dollars during the last three months of 2012, and have increased by $1.7 trillion since the spring of 2011.

http://therealdeal.com/blog/2013/04/18/fewer-underwater-mortgages-could-mean-highest-prices-since-boom-years/

Personal insolvency guide launched

... at the end of which they will still be no debt write off bonanza and borrowers will still have to pay off the mortgage, though this will be limited to the value of one's house with only negative equity forgiven. There will be a number of strict ...

http://www.businessworld.ie/livenews.htm?a=3055515

Personal Insolvency: No debt let-off

... levels of disposable income, and then recommencing one's life at the end of this period still encumbered with a mortgage, however the mortgage will be limited to the value of one's home. All that will be forgiven is the negative equity in a mortgage ...

http://www.businessworld.ie/livenews.htm?a=3055483