Mortgage | refinancing

(Updates with analyst’s comments in fourth paragraph.) Feb. 3 (Bloomberg) — China will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool prices. The nation’s planning agency won’t approve medium- and long-term foreign debt quotas for overseas banks in 2012, if they intend to use such borrowings to    .. more …

BOSTON, MA–(Marketwire -02/01/12)- National Family Mortgage , America’s premier peer-to-peer lending solution for home loans between relatives, today announced that it has passed $20 million in total mortgage loan originations. Since National Family Mortgage launched to the public in November 2010, its innovative peer-to-peer lending platform has helped thousands of families across America    .. more …

Commercial loans are procured for a variety of reasons: to buy the premises of an existing business, to make improvements or enlarge existing premises, to make commercial and residential investments or to develop the existing property in other ways. An example would be to buy already constructed business premises, like offices, shops, restaurants, or pubs. Additionally, they can also be used to    .. more …

The number of mortgage loans has hit a two-year high, defying lending expectations in the housing market.Loan approvals for house buying rose to 52,854 in November, reaching a total value of 7.6bn, according to figures from the Bank of England .It was the second monthly rise in a row and the highest figure since December 2009But the number of loans for re-mortgaging declined for the second month    .. more …

JACKSONVILLE, Fla., Jan. 19, 2012 /PRNewswire/ — Lender Processing Services, Inc. (NYSE: LPS – News ), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following “first look” at December 2011 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans.*Non-current totals    .. more …

Sometimes, after availing loan people find it difficult to repay because of any of the reasons like job sacking, recession, sssbankruptcy etc. In this period of financial crunch people seek help from California Mortgage Refinance Loan. There are many reasons behind availing this loan.1-Amount paid for Monthly Installments decreases significantly. It is so because the rate of interest offered for    .. more …

NEW YORK – Mortgage trouble continued to haunt SunTrust Banks Inc. (STI) during its fourth quarter, as demands to repurchase mortgage loans soared, dragging profit down 16%.The Atlanta-based lender also confirmed that it is now involved in discussions with state attorneys general over problems in foreclosure paperwork. State attorneys general have been in discussions with the nation’s    .. more …

LOS ANGELES–(BUSINESS WIRE)– The United States District Court for the Central District of California has ruled that Fremont Reorganizing Corporation suffered a loss under its financial institution bond on $15.1 million in residential mortgage loans procured through forged deeds and mortgages, at the time of disbursement of funds on the loans, as Fremont had argued, rather than at the time of    .. more …

Conforming Loans – The loans comply with requirements set down by Fannie Mae and Freddie Mac, two government sponsored entities that buy and sell loans from mortgage lenders. These entities put strict caps on the loans they will buy, with single-family homes having a mortgage cap in the range of $360,000. With the booming real estate market, many areas such as San Diego do not come close to    .. more …

WASHINGTON – Two veteran House Republicans received discounted mortgage loans from the now-defunct Countrywide Financial Corp. under a VIP program, a congressional official said Friday.The discounts went to Reps. Howard McKeon and Elton Gallegly of California, said the official, who was not authorized to speak publicly about the loans and requested anonymity. Their identities were first reported    .. more …