Moneycontrol.comUnion Bank cuts home loan ratesMoneylife Personal Finance site and magazineMumbai: State-run lender Union Bank of India on Friday slashed interest on home loans to its base rate in select case, reports PTI. The new rates, which will be applicable … Continue reading →

Zee NewsDouble home loan cap to Rs 10 lakh: RBIZee NewsMumbai: In a bid to promote housing for low income groups in major cities, Reserve Bank on Friday directed urban cooperative banks to double the limit for home loans to … Continue reading →

In another flicker of hope for the battered housing markets, home loans in foreclosure or at least one payment past due have declined to the lowest level since 2008, according to a Mortgage Bankers Assn. delinquency report .Before refinancing your … Continue reading →

Arizona State Credit Union added construction loans to its home loan portfolio in anticipation of an improving economy, as evidenced by the 27 percent growth of new home sales in MThe very first distinction which i should make is exactly … Continue reading →

Federal Home Loan Bank of Seattle Announces New Appointment to Board of DirectorsMarketWatch (press release)SEATTLE, May 15, 2012 (BUSINESS WIRE) — The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the appointment of David P. Bobbitt of Coeur … Continue reading →

Oriental Bank of Commerce (OBC) on Tuesday slashed interest rate on home and car loans by up to 1.5 per cent. Besides, the bank has also announced loyalty benefit of 0.25 per cent on the card rate for existing customers … Continue reading →

In some rare good news for the struggling housing market, home loans have posted a surprise rise.When in the event you consider refinancing? A classic rule of thumb would have been to delay until increasing dropped 2% using your existing … Continue reading →

Will fence-sitters apply for home loans?Economic TimesWill home sales get a boost after the RBI cut repo rates by 50 basis points? Should we also expect that property prices will fall? Will fence-sitters now apply for home loans without wasting … Continue reading →

The number of Federal Housing Administration-insured home loans entering foreclosure jumped in March after half the mortgages it modified to ease repayment terms were in default again a year or more later.The best increasing and loan terms are generally reserved … Continue reading →

CBA is cutting its one- and three-year fixed rate home loans, but not by the full RBA 50-basis-point cut.The mortgage market stands to be hit quite hard when the BOE Rate does eventually rise as variable mortgages, tracker mortgages and … Continue reading →

Boston.comBofA initiates home loan modification offersSan Jose Mercury NewsAP The lender said Tuesday it has begun mailing letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged foreclosure abuses. The … Continue reading →

BofA initiates home loan modification offersThe Star DemocratThe lender said Tuesday it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged foreclosure abuses. The Charlotte, … Continue reading →

The number of Federal Housing Administration-insured home loans entering foreclosure jumped in March after half the mortgages it modified to ease repayment terms were in default again a year or more later.The very first distinction which i should make is … Continue reading →

Stearns Lending Names Brian Hale as Chief Executive OfficerMarketWatch (press release)Mr. Hale most recently served as President, National Production Executive of MetLife Home Loans, the residential mortgage division of MetLife Bank, NA Previously, Brian Hale has held several senior executive … Continue reading →

How to get your home loan rate loweredTimes of IndiaWhen Delhi-based Mahendra Gupta opened the recent letter from the housing finance company, there was both good and bad news for him. The dismal bit of information was that the 20-year … Continue reading →

Gateway Mortgage Group, a privately held mortgage company providing conventional, FHA and VA loans through more than 50 retail branches nationwide, announced that the company brokeThe best increasing and loan terms are generally reserved for borrowers with the best people’s … Continue reading →

BloombergWells Fargo Dominates Home Lending as BofA Retreats: MortgagesBloombergThe lender is dominating mortgage markets as housing shows signs of bottoming after a six-year slump and homeowners benefit from record-low borrowing costs. Wells Fargo, also the biggest home-loan servicer, posted $2.9 … Continue reading →

Sydney Morning HeraldBig banks jostle to raise home loan marginsSydney Morning HeraldAUSTRALIA'S big banks have increased their margins on average home loans by as much as 1.45 percentage points during the past four years as they have posted record profits … Continue reading →

Australia's big banks have increased their margins on average home loans by as much as 1.45 percentage points over four years.The very first distinction which i should make is exactly what the word a bad credit score often means. In … Continue reading →

Gateway Mortgage Group, a privately held mortgage company providing conventional, FHA and VA loans through more than 50 retail branches nationwide, announced that the company brokeThere are two things that any potential homebuyer needs: a good credit record plus a … Continue reading →

Loans.org Details the Importance of Large Home Loan Down PaymentsMarketWatch (press release)Due to this trend, Loans.org has released an FAQ detailing the importance of making larger home loan down payments. Generally speaking, the larger the down payment, the more money … Continue reading →

Press release 24th April 2012OP-Pohjola`s Asuntoaamu event:Based on the financial skills survey commissioned by OP-Pohjola, 80% of the respondents think that housing is expensive in Finland although 63% …Before refinancing your existing mortgage, make certain you shop around for top … Continue reading →

(Reuters) – More than 1 million Americans who have taken out mortgages in the past two years now owe more on their loans than their homes are worth, and Federal Housing Administration loans that require only a tiny down payment … Continue reading →

USDA announces home loan programTowanda Daily ReviewHARRISBURG – Rural Development's 502 Direct Loan program provides a "one of a kind" opportunity for income eligible, creditworthy, rural individuals and families by making home ownership an affordable dream. In the following counties, … Continue reading →