Lendance.com Personal Finance Topics Archive: November 2006

Repurchase Activity Causes Mortgage Concern: The amount of repurchases within the mortgage arena is not normally a cause for concern. But the recent uprising of repurchases has some analyst wondering if the mortgage market is about to crash.
Added November 1st, 2006 -- Click here to read more!

Mortgage Rates on the Rise: The concern over inflation as well as an unstable T-note has caused mortgage rates to go up for the first time in months. Though some analyst say that rates are going through a normal flux, others say the rates will keep going north.
Added November 2nd, 2006 -- Click here to read more!

Mortgage, Savings Linked: Some consumers are upset that the amount of interest paid on a savings account doesn’t come near the interest rate for their mortgage. One way to get around that? Put more money into your mortgage.
Added November 3rd, 2006 -- Click here to read more!

Mortgage Law Makes Sales Slow: A new law introduced as a means to cap mortgage gauging has some industry professionals worrying about business. The law, introduced in Chicago, is requiring that some homeowners seek financial counseling prior to purchasing.
Added November 6th, 2006 -- Click here to read more!

Florida Mortgage Companies Grow: Mortgage applications may be down as rates are going up, but Florida is looking to expand their mortgage business. Many companies in central and North Florida are expanding their offices.
Added November 7th, 2006 -- Click here to read more!

Ohio Denies Company Bid for Brokerage Status: An Ohio firm applied for status as a mortgage broker and was turned down this week after it was found the officer of the company had not disclosed their criminal background on the application.
Added November 8th, 2006 -- Click here to read more!

Mortgage Victims Get Help: A new hero has emerged in the fight against mortgage fraud. The National Community Reinvestment Coalition is helping fraud victims refinance their way out of mortgage nightmares.
Added November 9th, 2006 -- Click here to read more!

Jury to Hear Mortgage Fraud Case: A multi-state investigation into mortgage fraud has solidified into a trial. Affecting over 100 Indiana houses that are now in foreclosure, the man responsible is being sued by one of the nations largest lenders.
Added November 10th, 2006 -- Click here to read more!

Exotic Mortgages Explained: Agencies are starting to offer in-depth information regarding exotic mortgages, as many loans are coming due. The rush to refinance out of the “nontraditional” mortgages requires that borrowers be better informed.
Added November 13th, 2006 -- Click here to read more!

Mortgages Drop in 2006: Reports issued this week show that the first half of 2006 showed a decline in mortgage originations, both in unit and monetary count. A drop in home value, as well as more mortgage options, still did not help numbers this year.
Added November 14th, 2006 -- Click here to read more!

Foreclosures at Half Decade High: Foreclosures have been on the rise this year, with current numbers showing that 1% of all current homeowners will have to foreclose. This number is the highest in more than 50 years.
Added November 15th, 2006 -- Click here to read more!

Mortgage Refinancing Again on Option: The rush for home purchases has died down and home values have once again regulated. Now, as the Fed refuses to raise their rates, the market is once again good for refinancing current mortgages.
Added November 16th, 2006 -- Click here to read more!

Mortgage Fraud Affects Many: A mortgage fraud in Kansas City was found out, and the man responsible was sentenced to more than 12 years in a federal prison. The fraud affected so many homes and people, the prosecuting lawyer compared him to a hurricane.
Added November 17th, 2006 -- Click here to read more!

Rising Rates Worry Homeowners: In a study conducted by one of the nation’s top mortgage lenders, many homeowners are concerned over their rising adjustable rate mortgages. On the flip side, many homeowners feel that they can easily refinance out of their current mortgage.
Added November 20th, 2006 -- Click here to read more!

Mortgage Accelerator Explained: Though interest rates are stabilizing, many homeowners are looking for ways to get out of their current mortgages. A mortgage accelerator is a new breed of pitch to homeowners, promising to payoff a mortgage much sooner than usual.
Added November 21st, 2006 -- Click here to read more!

Mortgage Rates Down Again: After a short revival of mortgage rates, the national average has once again come down. The drop is seen as a response to current real estate and economic trends as the year comes to a close.
Added November 22nd, 2006 -- Click here to read more!

Mortgage Applications Fall Despite Low Rates: For the first time in four weeks, the average mortgage rate fell. Despite the lower rates, mortgage applications are still on the decline, a worrisome situation for the housing industry and economists alike.
Added November 23rd, 2006 -- Click here to read more!

Mortgage Applications Jump: Though the national average mortgage rate was mixed this week, mortgage applications across the board saw a marked increase. Refinances were still the majority of new mortgage applications.
Added November 24th, 2006 -- Click here to read more!

Hawaii Gives Higher Mortgage Tax Credits: The cost of buying a new home is staggering throughout the nation, with Hawaii being one of the most expensive states to own property. A new tax credit will provide relief, however, in the coming year.
Added November 27th, 2006 -- Click here to read more!

Retirees Face Mortgage Questions: Retiring is a time normally allotted to taking it easy and enjoying the fruits of years of working. But many retirees face the question of their mortgage when leaving the work force; payoff, sell or refinance?
Added November 28th, 2006 -- Click here to read more!

State Monitors Mortgage Firms: Most states are watching mortgage companies closely in the last few years as the amount of mortgage fraud reported has increased. Illinois took the initiative from a local paper to investigate a dew of their mortgage companies.
Added November 29th, 2006 -- Click here to read more!

Mortgage Activity Still Falling Short: Though the number of mortgage applications is on the rise, Countrywide Home Lending, one of the nation’s top mortgage lenders, reports that mortgage fundings have dropped in the last two months.
Added November 30th, 2006 -- Click here to read more!

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