Diane Alter – Fourth Estate Cooperative Reporter Midvale, Utah, United States (4E) – Ally Financial ResCap mortgage on Monday filed for prepackaged bankruptcy protection. The bank, owned by taxpayers, said the filing will allow the bank to take another step to repay the U.S. treasury. Ally’s ResCap unit operates under the GMAC Mortgage brand. At [...]
Posts Tagged ‘Mortgage’
Ally mortgage unit files bankruptcy
May 15th, 2012 
davidguide 
Posted in Personal Loans 
Tags: Bankruptcy, bankruptcy process, finance unit, gmac mortgage, midvale utah, Mortgage, overseas arm, rescap mortgage, U.S. Treasury, Unit 
Comments OffMortgage rates for 30-year loans rise to 3.95 percent
February 24th, 2012 davidguide Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Rates for 30-year fixed mortgages rose for the first time in four weeks as sales of previously owned homes climbed to the highest level since May 2010. The average rate for a 30-year fixed loan increased to 3.95 percent in the week [...]
Posted in Personal Loans Tags: 30 year fixed mortgages, AHN, association of realtors, home loan applications, Mortgage, mortgage bankers association, national association of realtors, news reporter, Percent, purchase loans Comments OffLos Angeles Mortgage Customers Welcome The Fall Season with Mixed Results
September 25th, 2011 davidguide Los Angeles area mortgage customers said good-bye to a long summer and hello to the Fall season. The change in seasons offers more good news for the few borrowers who can qualify for a mortgage loan. Refinance… View full post on All Stories
Posted in Personal Loans Tags: area, borrowers, good bye, Mortgage, mortgage customers, mortgage loan, Refinance Comments OffMortgage applications fall
August 24th, 2011 davidguide Applications for mortgages to buy a house or to refinance an existing loan fell last week, even though mortgage rates are at all-time lows. The D.C.-based Mortgage Bankers Association said overall applications fell 2.4 percent last week, and purchase applications decreased 5.7 percent, the lowest level since December 1996. “Another week of volatile markets and [...]
Posted in Personal Loans Tags: level, Mortgage, mortgage applications, mortgage bankers association, mortgage rates, Percent, prospective homebuyers, purchase applications, time lows, volatile markets Comments OffMortgage company urges plan for principal cuts (Reuters)
May 20th, 2011 davidguide Reuters – American Home Mortgage Servicing, one of the largest servicers of subprime mortgages, is urging the U.S. Treasury to organize a plan to boost principal reductions for up to one million homeowners by unlocking loans from securities. View full post on All Stories
Posted in Banking Tags: american home mortgage, Home, Loans, Mortgage, mortgage company, one million, reuters, subprime mortgages, U.S. Treasury, View Comments OffMortgage rates: Average on 30-year fixed loans rises to 4.86%
March 31st, 2011 davidguide NEW YORK — Fixed mortgage rates rose slightly this week, but the average rate on the 30-year loan remained below 5 percent. View full post on All Stories
Mortgage rates hold steady, Freddie Mac survey finds
March 11th, 2011 davidguide The interest rate on a 30-year fixed loan this week edges up to 4.88% from 4.87% last week, while the 15-year fixed loan is unchanged from 4.15%. Rates on adjustable loans are nearly unchanged. Mortgage rates held steady this week, with lenders offering 30-year fixed-rate loans at 4.88% on average and 15-year fixed loans at [...]
Posted in Banking Tags: adjustable loans, fixed rate loans, freddie mac, Interest rate, lenders, Mac, Mortgage, mortgage rates, rate, survey view Comments OffUncertain Path Ahead For U.S. Mortgage Giants
January 31st, 2011 davidguide The fight over mortgage giants Fannie Mae and Freddie Mac is part of a larger debate about the appropriate role for government in supporting the U.S. housing market. That market is still fragile and heavily dependent on the government-run giants for new home loans. View full post on All Stories
Posted in Banking Tags: fannie mae, fannie mae and freddie mac, freddie mac, Giants, home loans, housing market, Mortgage Comments OffSome banks help keep mortgage holders out of default, studies find
January 3rd, 2011 davidguide While the nation’s foreclosure crisis has focused blame on bad loan practices by some lenders, new research shows how some banks may have actually reduced the default risk of their homebuyers. Researchers found that low-income homeowners who received a mortgage from a local lender were less likely to default on their loans than are those [...]
Posted in Banking Tags: default, default risk, foreclosure, income homeowners, lenders, loan practices, Mortgage, mortgage company, mortgage holders, Risk Comments Off3 FHA Mortgagees Pay HUD $1.7 Million
December 27th, 2010 davidguide The U.S. Department of Housing and Urban Development disclosed that WR Starkey Mortgage LLP was hit with a $223,000 civil money penalty. Countrywide Home Loans Inc. entered a settlement with HUD that included a $141,500 civil money penalty and buy downs of $93,263. HUD accepted an $815,913 settlement offer from Birmingham Bancorp Mortgage Corp. View [...]
