HOME MORTGAGE NEWS & INFORMATION
Monday, January 05, 2009
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LATEST HOME MORTGAGE NEWS:

Refinancing your home mortgage?
Berks County, PA - Have you recently or are you thinking about refinancing your home mortgage to take advantage of lower interest rates? If so, we'd like to talk to you for a story we're now working on.

Apollo Home Mortgage opens Hibbing branch
HIBBING — Surprisingly, given all the negative national press about home foreclosures and a crisis in the home mortgage industry, now is a “very good time to seek a home mortgage,” according to Bobbi Jo Amic, senior loan officer for the new Apollo Home Mortgage Group office recently opened at 2208 First Ave.

Non-Agency Mortgage Bonds Rallied as Rates Declined (Update2)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as efforts by the Federal Reserve and Treasury Department to lower home-loan rates boosted investor demand.

Non-Agency Mortgage Bonds Rallied as Rates Declined (Update1)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as lower home-loan rates boosted investor demand. Securities initially rated AAA and backed by prime- jumbo mortgages with five years of fixed rates climbed 5 cents on the dollar in December to 75 cents, according to JPMorgan Chase & Co. data.

Mortgage rationing gets tougher
Mortgage lenders are continuing to demand larger deposits as they ration home loans to their customers.

Mortgage foreclosures continue to rise in NH
The number of home mortgage foreclosures has been climbing for several years in New Hampshire, with the last few years showing a dramatic spike.

Mortgage crisis here may be worse than reported
Dorothy Gary never lost her home, but the senior citizen's oversized 24 percent mortgage rate brought her awfully, awfully close.