• Home
• Mortgages
• Home Loans
• Refinance
• Mortgage Calculator
• Mortgage Rates
• Home Equity Loans

idcdilog.com

Feds accuse 16 in LI mortgage fraud schemes (Newsday)
Mortgage fraud and cocaine -- not a typical crime combination.

Mortgage lifeline for borrowers (Chicago Tribune)
You may have seen headlines about the latest public and private efforts to help financially distressed homeowners cope with their mortgage payments. But you might not have caught key details that could have personal impact on you or people you know –– now or in the recession months ahead.

Northern Rock Mortgage-Backed Bond Risk Jumps on Rule Breach (Bloomberg)
Nov. 20 (Bloomberg) -- The cost of protecting Northern Rock Plc's mortgage-backed bonds from default jumped after the U.K. lender breached terms governing the debt, delaying repayments to some noteholders.

UK mortgage lending down 44 pct from a year ago (AP via Yahoo! News)
Mortgage lending in Britain was down 44 percent in October compared to a year ago, further evidence the economic downturn is hurting an already weak property market, the Council of Mortgage Lenders said Thursday.

Mortgage rescue or rip off? (CNN Money)
If mortgage lending was the Wild West during the boom years, foreclosure-prevention counseling is the lucrative new frontier of the bust.

IndyMac borrowers can get mortgage counseling (Los Angeles Times)
The FDIC-operated lender will offer walk-in sessions on mortgage workouts the next two Saturdays. IndyMac Federal Bank, which has had trouble getting distressed borrowers to contact it about reworking the terms of their mortgages, is hoping they'll be more willing to talk over their options in person with loan counselors from nonprofit agencies.

MetLife says commercial mortgage portfolio safe (Reuters via Yahoo! News)
U.S. life insurer MetLife Inc disclosed information about its commercial mortgage portfolio on Wednesday in an effort to soothe investors that have become increasingly skittish about investments by insurers in commercial property debt.

UK mortgage lending down 44 pct from a year ago (San Francisco Chronicle)
Mortgage lending in Britain was down 44 percent in October compared to a year ago, further evidence the economic downturn is hurting an already weak property market, the Council of Mortgage Lenders said Thursday. Gross mortgage lending last month totaled 18.7...

Mortgage lending picks up (BBC News)
Mortgage lending rose by nearly 7% between September and October, figures from the Council of Mortgage Lenders show.

Jumbo mortgage deadline looms (Bankrate.com via Yahoo! Finance)
Some mortgage borrowers are about to get squeezed by the shrinking of something called the jumbo conforming limit.