Mortgage refinancing news and all about mortgage refinancing

Fannie, Freddie woes raising mortgage rates
Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify for a new loan.
Read more News Source - MSNBC
Publish date - 01:19:01 08/20/08

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'Liar loans' drag out the mortgage crisis
In the mortgage industry, they are called "liar loans" -- mortgages approved without proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."
Read more News Source - The Star-Ledger
Publish date - 04:49:58 08/20/08

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Mortgage Choice sees 1pc profit fall
MORTGAGE Choice has reported a 1.2 per cent fall in annual profit but says it is well positioned for the new financial year.
Read more News Source - Adelaide Now
Publish date - 03:23:02 08/20/08

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Mortgage Choice profit dips
MORTGAGE originator Mortgage Choice has reported a 1.2 per cent fall in annual profit but says it is well positioned for the new financial year.
Read more News Source - News Interactive
Publish date - 02:05:53 08/20/08

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NH regulators, mortgage company reach settlement
A mortgage company that does business in New Hampshire, Maine and Massachusetts has agreed to pay $425,000 as part of a settlement with New Hampshire banking regulators.
Read more News Source - AP via Yahoo! Finance
Publish date - 16:41:21 08/19/08

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Mortgage lender promotes sale to Santander
British mortgage lender Alliance & Leicester urged shareholders on Tuesday to accept a $2.4 billion takeover offer from Spain's Banco Santander as the best protection for their investment amid extreme financial market turbulence and the deteriorating outlook for the domestic economy.
Read more News Source - AP via Yahoo! Finance
Publish date - 15:41:21 08/19/08

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Trouble with U.S. mortgage giants spreads
WASHINGTON, Aug. 19 (UPI) -- Fears over two U.S. mortgage giants collapsing are rippling through financial systems and putting a strain on the system, analysts said.
Read more News Source - UPI
Publish date - 14:20:36 08/19/08

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Dubai issues new mortgage law
The Dubai Government has issued a new mortgage law to help better regulate the emirate's booming real estate sector.
Read more News Source - AME Info
Publish date - 04:30:38 08/20/08

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Mortgage market predicted to shrink
THE UK mortgage market is expected to shrink by nearly 20% this year as the credit crunch continues to take its toll on lenders, a report says.
Read more News Source - icWales
Publish date - 06:03:35 08/20/08

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Minneapolis Mortgage Broker Pleads Guilty to $27M Scheme
Donald Walthall, the man who bought, inflated, and flipped nearly 100 homes in north Minneapolis, pleaded guilty Tuesday to racketeering and operating a criminal enterprise under the name Universal Mortgage.
Read more News Source - FOX 9 News Twin Cities
Publish date - 03:02:50 08/20/08

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