Gov’t mortgage plan aids 12 percent of borrowers
Gov’t mortgage plan aids 12 percent of borrowers
WASHINGTON — The government’s mortgage relief plan has helped only about 12 percent of borrowers who signed up since President Barack Obama announced the program a year ago.
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Radian Leads Mortgage Insurers Higher on 2010 Claims Forecast
Radian Leads Mortgage Insurers Higher on 2010 Claims Forecast
Feb. 23 (Bloomberg) — Radian Group Inc. led mortgage insurers higher after saying fewer homeowners were becoming newly delinquent on loans and predicting that regulators would allow the company to continue selling coverage.
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Fewer people falling behind on home loans, mortgage bankers report
Fewer people falling behind on home loans, mortgage bankers report
Report shows decline in late loan payments
Read more on San Jose Mercury News
Categories: mortgage merge Tags: bankers, Behind, falling, Fewer, home, Loans, Mortgage, people, report
Mortgage modifications on the rise
Mortgage modifications on the rise
The number of permanent mortgage modifications under the federal Making Home Affordable program jumped 75 percent last month nationally and nearly 70 percent in Arizona and the Valley.
Read more on East Valley Tribune
Categories: mortgage merge Tags: Modifications, Mortgage, Rise
Mortgage insurer PMI posts wider-than-expected Q4 loss
Mortgage insurer PMI posts wider-than-expected Q4 loss
Mortgage insurer PMI Group Inc reported a much wider-than-expected quarterly loss, as its U.S. unit continued to post disappointing results, sending its shares down 5 percent before the bell.
Read more on Reuters via Yahoo! News
Categories: mortgage merge Tags: Insurer, loss, Mortgage, posts, widerthanexpected
Flaherty moves to cool mortgage boom
Flaherty moves to cool mortgage boom
OTTAWA, and TORONTO and TORONTO — Many Canadians will be forced to scale down their real-estate ambitions under new mortgage rules that aim to both keep people from taking on too much debt and rein in speculators, all without knee-capping an industry that has been a major driver of the recovery.
Read more on The Globe and Mail
Mortgage Delinquencies Tick Higher In 4th-Qtr 2009
Mortgage Delinquencies Tick Higher In 4th-Qtr 2009
Mortgage delinquencies tick higher in 4th-qtr 2009.
Read more on KSFY Sioux Falls
Categories: mortgage merge Tags: 2009, 4thQtr, Delinquencies, higher, Mortgage, Tick
Timbercreek Mortgage Investment Corporation Announces February 2010 dividend for privately held class B shares
Timbercreek Mortgage Investment Corporation Announces February 2010 dividend for privately held class B shares
Timbercreek Mortgage Investment Corporation is pleased to announce that its board of directors has declared a monthly dividend of $0.0750 per class B share of the Fund to be paid on March 15, 2010 to holders of Class B Shares of record on February 26, 2010.
Read more on CNW Group via Yahoo! Finance
Categories: mortgage merge Tags: 2010, Announces, class, Corporation, Dividend, February, held, Investment, Mortgage, privately, shares, Timbercreek
Flaherty tightens mortgage taps
Flaherty tightens mortgage taps
Finance Minister Jim Flaherty has announced new rules aimed at preventing homebuyers from getting into financial difficulty when mortgage rates rise.
Read more on CBC via Yahoo! Canada News
Categories: mortgage merge Tags: Flaherty, Mortgage, taps, Tightens
Flaherty Tightens Mortgage Rules Amid Bubble Talk (Update1)
Flaherty Tightens Mortgage Rules Amid Bubble Talk (Update1)
Feb. 16 (Bloomberg) — Canada’s Finance Minister Jim Flaherty today tightened rules in the country’s mortgage industry to ensure homebuyers can afford their purchases when interest rates rise.
Read more on Bloomberg