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Past Articles:

Some homeowners struggle to keep up with adjustable rates
Now, the real estate market is cooling, interest rates are rising and tens of thousands more Americans are starting to have trouble paying their mortgages. Nearly 25% of mortgages 10 million carry adjustable interest rates. And most of them went to people with subpar credit ratings who accepted higher interest rates, according to the Mortgage Bankers Association.

U.S. mortgage applications at 7-month low
Bloomberg News - U.S. mortgage applications fell last week as a jump in mortgage rates caused the biggest drop in home purchases in more than seven months. The Mortgage Bankers Association said its index of applications to buy a home or refinance an existing mortgage dropped 5.1 percent to 626.8 from 660.5 the week before..

Mortgage Watchers Worry About China
NEW YORK (AP) - China's recent signal that it may diversify its foreign investments in 2006 has mortgage industry watchers concerned that if China buys fewer U.S. Treasury securities this year, it may drive interest rates higher and pour more cold water on the real estate market.

30-Year Mortgage Rates Drop Slightly to 6.21%
Rates on 30-year, fixed-rate mortgages dropped to 6.21% this week, down slightly from last week's average rate of 6.22%, mortgage company Freddie Mac reported

Mortgage rates climb this week - Feb 2, 2006

Mortgage Watchers Worry About China - Jan 10, 2006
NEW YORK (AP) - China's recent signal that it may diversify its foreign investments in 2006 has mortgage industry watchers concerned that if China buys fewer U.S. Treasury securities this year, it may drive interest rates higher and pour more cold water on the real estate market.

30-Year Mortgage Rates Drop Slightly to 6.21% - Jan 6, 2006
Rates on 30-year, fixed-rate mortgages dropped to 6.21% this week, down slightly from last week's average rate of 6.22%, mortgage company Freddie Mac reported

CHIP Reverse Mortgage plan offers relief to house rich, cash poor ... - Jan 6, 2006
The basic working of CHIP is simple - it's a reverse mortgage through which you can realize $20,000 to a maximum of $500,000 tax free

Mortgage company's missing computer tape found - Dec 20, 2005
The lost computer tape containing personal information on 2 million ABN AMRO Mortgage Group Inc. customers has been found....

LaSalle says mortgage information is missing - Dec 17, 2005
In the latest incident to fuel concerns about identity theft, Chicago-based LaSalle Bank Corp. said a computer tape containing the names, addresses and Social Security numbers of 2 million residential mortgage customers, including more than 100,000 in the Chicago area, was lost en route to a credit reporting bureau.

Reverse Mortgage Limits on HUD Lifted by Congress - Dec 15, 2005
The U.S. House of Representatives passed legislation last night that eliminates the cap on the number of reverse mortgages that can be insured by the Department of Housing and Urban Development, the National Reverse Mortgage Lenders Association announced today.

Recent Fed Action Allows Rates to Ease Slightly - Dec 15, 2005
Freddie Mac released the results of its Primary Mortgage Market Survey (PMMSSM) in which the 30-year fixed-rate mortgage (FRM) averaged 6.30 percent, with an average 0.5 point, for the week ending December 15, 2005, down from last weeks average of 6.32 percent. Last year at this time, the 30-year FRM averaged 5.68 percent.

FBI wants loan brokers to fight mortgage fraud - Dec 15, 2005
A crackdown on mortgage fraud by federal law-enforcement agencies will have limited impact without better self-policing in the home sales industry, including more information from mortgage brokers about suspicious activity, a top FBI official said Wednesday.

MarketWatch - Nov 10, 2005 last year's 5.16%. Short-term adjustable-rate mortgages, or ARMs, remain at their highest since early in 2002. One-year Treasury

Fannie Mae Discloses New Accounting Errors - WASHINGTON - Mortgage giant Fannie Mae, struggling to untangle its accounting in an $11 billion scandal, disclosed Thursday that new errors have been uncovered as it reached outside the company to hire a new finance chief...

Prime v. Subprime Borrowers - True, the subprime lending market has allowed many credit-challenged people and those without a credit history to buy homes. But within the subprime industry are players who prey on these riskier borrower