A regional U.S. manufacturing gauge published Monday hit its highest level since October, but also suggested a rebound in that sector might run out of momentum.
At the same time, U.S. capital flows data underscored analysts’ worry that the economic recovery could be stymied by a steep rise in bond yields, making borrowing more expensive for [...]
Posts Tagged ‘homeowners’
New York manufacturing picks up but China sells U.S. debt
February 16th, 2010 by Mortgage Writer
Tags: borrowing, business, economic recovery, homeowners, us capital flows, us debt
more...More prime mortgages default in 3rd quarter
December 22nd, 2009 by Mortgage Writer
Troubled home loans continued to mount in the nation’s banks in the third quarter as even once-solid borrowers increasingly fell behind on their mortgage payments.
For the first quarter ever, the number of homes in foreclosure with mortgages serviced by U.S. national banks and savings and loans topped the 1-million mark, according to figures released Monday [...]
Tags: bankrupty, borrowers, foreclosure, home loan, homeowners, loan, mortgage, mortgage payments, Obama, primer mortgages
Mortgage lending up by 20%
December 15th, 2009 by Mortgage Writer
Mortgage lending has increased but repossessions are also back on the up, according to new data released today by the FSA.
New loans being issued totalled £40 billion in the three months up to September 2009, an increase of 20 per cent on the previous quarter, the FSA’s statistic reveal.
However, this was still lower than the [...]
Tags: borrowers, homeowners, lenders, loans, mortgage, mortgage lenders, mortgage lending
Mortgage holders paying £200 a month less
December 14th, 2009 by Mortgage Writer
The BoE made the assessment after conducting a survey on 2,000 households who said that at least half of them have noticed falling monthly payments of over £100 over the last year, with almost a quarter benefiting by more than £200.
The result of the survey, published by the BoE in its Quarterly Bulletin, showed that [...]
Tags: BoE, economic crunch, homeowners, householders, mortgage, mortgage loan
Florida mortgage modifications lag behind rest of U.S.
December 11th, 2009 by Mortgage Writer
Under President Barack Obama’s program to reduce foreclosures, fewer than 35,000 troubled South Floridians have had their mortgages modified, less than 5% of those who qualify for help.
Figures from a U.S. Treasury Department report Thursday offer little good news for the hundreds of thousands of Florida homeowners who are behind on their mortgage payments and [...]
Tags: barack obama, borrowers, foreclosure, homeowners, lenders, loans, mortgage, mortgage holders, mortgage modification, mortgage payments, real estate, wells fargo
Bank of America says it modified 600,000 mortgages since January 2008
December 7th, 2009 by Mortgage Writer
Bank of America Corp. said Monday it has provided mortgage relief through loan modifications for more than 600,000 homeowners since January 2008.
The renegotiated loans were done through its own programs and the government’s Home Affordable Modification Program, the bank said.
Bank of America has concluded more than 450,000 loan modifications since January 2008 under its own [...]
Tags: bank of america, Home Affordable Modification Program, homeowners, Lehman Brother, loan modifications, mortgage
Oregon’s mortgage pain spreads to prime borrowers
December 7th, 2009 by Mortgage Writer
Nearly one in 10 Oregon homeowners was late on at least one mortgage payment this fall, the highest rate on record, and those troubles are expected to grow worse into 2010.
The Mortgage Bankers Association says about 9.4 percent of Oregon’s 631,000 mortgages were delinquent or in foreclosure [...]
Tags: borrowers, foreclosure, good credit, homeowners, mortgage, mortgage payment, prime loans, subprime loans, The Mortgage Bankers Association
Obama Adminstration Seeks to Strengthen Mortgage Relief for Homeowners
December 1st, 2009 by Mortgage Writer
The Treasury Department unveiled a new plan yesterday seeking to make a $75 billion federal program to help struggling homeowners more effective.
To date, more than 650,000 mortgage holders have been granted temporary modifications on their mortgage loans under the Home Affordable Modification Program (HAMP). But as of September 1, only 1,711 mortgage modifications had been [...]
Tags: foreclosures, Home Affordable Modification Program, homeowners, lenders, mortgage crisis, mortgage loans, Obama, The Department of Housing, The Treasury Department, Urban Development
Treasury to increase pressure on mortgage industry
December 1st, 2009 by Mortgage Writer
Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help borrowers at risk of losing their homes.
Treasury Department officials said Monday that they will step up pressure on the 71 companies participating in the government’s $75 billion effort [...]
Tags: borrowers, foreclosure, foreclosure crisis, homeowners, lenders, loan modifications, loan services, mortgage companies, Obama administration, Treasury Department, wells fargo
Stocks Decline in Early Trading as Dollar Rises
November 20th, 2009 by Mortgage Writer
Stocks fell in early morning trading Friday as the dollar continued to strengthen, and after a week of mixed economic reports.
Overseas markets declined. European Central Bank President Jean-Claude Trichet said the ECB plans to start pulling back some of its stimulus programs as the economy begins to recover.
With little U.S. economic news to help sway [...]
Tags: dollar rises, European Central Bank, foreclosure, homeowners, investors, mortgage, Mortgage Bankers Association