|
Financing mortgage news Housing Threatened by Defaults in Sub-Prime Mortgage Market Feb. 1 (Bloomberg) -- Prince Jones Jr. paid $170,000 a year ago for a six-room Cape-style home in St. Paul, Minnesota, financing it with an adjustable 30-year mortgage. Mortgage lender opens office in Fishers FISHERS -- Mason-McDuffie Mortgage, a 120-year-old mortgage lender, has opened an office at 9880 Westpoint Drive. The branch eventually will include a regional loan-support center and a national call center where customers can get answers to questions related to mortgage financing and the home-buying process. • Condo Mortgage Financing the Option ARM Way With the condo market apparently showing signs of slowing down, a systematic strategy for reviving activity is having affordable condo mortgage financing available to prospective buyers. An issue for many homeowners is in managing monthly income and expenses, or “cash flow” in general. New Buyers Bonus Mortgage Program Allows Home Buyers to Skip Their First 6 Mortgage Payments Katz Mortgage Team, www.katzmortgageteam.com/about.html, of Amtrust Mortgage Corporation, is pleased to offer a revolutionary new loan program called Buyers Bonus Mortgage Program, allowing new homebuyers to delay making their mortgage payments for up to 6 months. This loan can be used to purchase new construction or previously occupied houses and can be combined with 100% financing on fixed or ... Your Money Matters: Dealing with Rising Mortgage Interest Rates (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. Its an important question because for many Americans their home equity represents the cornerstone of their personal wealth. Prudential Mortgage Capital Company Announces Appetite for $12.5 Billion in 2007 On the heels of originating a record $11 billion in commercial mortgages in 2006, Prudential ( Nachrichten / Aktienkurs ) Mortgage Capital Company announced today that it has raised its appetite for business in 2007 to $12.5 billion in loans across its growing range of capital sources. Getting a Mortgage with Bad Credit (ARA) - Having bad credit is not the end of the world and its not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. FHLB 11th Dist Cost-Of-Funds Index Up To 4.396% In December NEW YORK -(Dow Jones)- The cost of funds in the 11th District, a gauge of thrift deposit and financing costs and a key benchmark for adjustable-rate mortgage securities, was up to 4.396% in December. First home financing plan for Indian reservation land set for signing MASHANTUCKET — A Mashantucket Pequot family will take part in a new home financing program that will allow, for the first-time ever, a mortgage to be issued for property on an Indian reservation. Mortgage gaps to limit property sector growth DUBAI — The slow growth of the mortgage industry in the UAE is likely to constrain the property sector demand in the short to medium term, according to industry analysts. | ||||