NEW YORK (Reuters) - Applications for U.S. home mortgages surged last week, driven by increased demand for refinancing as interest rates hit fresh lows, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, jumped 9.2 percent in the week ended May 11. The
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Mortgage refinancing applications jump; rates fall: MBA
Posted by mortgage 7 days ago (Editorial)
Three major banks cut mortgage rates
Posted by mortgage 7 days ago (Editorial)
Westpac has moved to cut some of its advertised fixed-term mortgage interest rates, on the heels of cuts by Kiwibank earlier in the day, matching the state owned bank's new market low offers over two and three years. And late in the...
Bankrate: Mortgage Rates Set 4th New Record in a Row
Posted by mortgage 7 days ago (Editorial)
NEW YORK, May 16, 2012 /PRNewswire/ --
Mortgage Rates in U.S. Fall to Record Lows With 30-Year at 3.79%
Posted by mortgage 7 days ago (Editorial)
Mortgage rates in the U.S. fell to a record for a third straight week, reducing borrowing costs as the housing market improves and home-loan defaults decline.
GM interested in buying foreign operations of lender Ally Financial
Posted by mortgage 9 days ago (Editorial)
Ally Financial Inc.'s troubled mortgage unit Residential Capital LLC filed for Chapter 11 bankruptcy early today as the Detroit-based auto lender said it may sell its international businesses.
Fifth lender joins government mortgage scheme
Posted by mortgage 9 days ago (Editorial)
A fifth bank has joined the government?s mortgage indemnity programme for buyers of new-build homes.
Quicken Loans Mortgage Services Rapidly Expands Presence in Charlotte -- Doubling Office Space in City
Posted by mortgage 9 days ago (Editorial)
CHARLOTTE, N.C., May 15, 2012 /PRNewswire/ --
Ally aims to end mortgage woes with ResCap filing
Posted by mortgage 9 days ago (Editorial)
(Reuters) - Ally Financial Inc's mortgage unit filed for bankruptcy protection on Monday, and the former in-house financing arm for General Motors Co also said it will sell some international operations to help set it on a path to repaying $12 billion in U.S. government bailout money. The bankruptcy, which still needs court approval, came early Monday as ResCap faced looming bond payments and
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