Lloyds Banking to Allow Extra Mortgage Repayments Until 2011
Lloyds Banking Group Plc, Britain’s biggest home-loan lender, will allow customers to increase mortgage repayments without penalty, as the bank seeks to cut its 1.03 trillion-pound ($1.55 trillion) balance sheet.
Read more News Source - BusinessWeek
Publish date - 18:52:45 03/11/10

---

McCue Mortgage still in the family after 60 years
New Britain-based McCue Mortgage Co., the largest independently-owned mortgage lender in the state, celebrates 60 years in business this year.
Read more News Source - The Bristol Press
Publish date - 22:38:43 03/11/10

---

Investor buys Ann Arbor Country Club's mortgage after bank-ordered sale
Many members and neighbors of Ann Arbor Country Club spent recent weeks trying to raise money to buy the outstanding mortgage on the property. However, they learned March 5 that the $1.7 million note had been sold by lender Citizens......
Read more News Source - The Ann Arbor News
Publish date - 15:32:27 03/11/10

---

Lloyds Banking Group to Double Mortgage Overpayments
From 13th March, Lloyds Banking Group, the leading UK mortgage lender, will launch a new scheme that will allow all customers with a variable rate mortgage to overpay their mortgages by up to 20% with no financial penalty.
Read more News Source - PR Newswire via Yahoo! Finance
Publish date - 15:07:16 03/11/10

---

Average 30-year mortgage rate drops to 4.95%, Freddie Mac says
The average interest rate on a 30-year fixed-rate mortgage dropped to 4.95% this week from 4.97% last week, Freddie Mac said Thursday.
Read more News Source - Los Angeles Times
Publish date - 01:01:44 03/12/10

---

Mortgage audit won't help loan modification
An audit may find the lender to be at fault, but not necessarily amenable to a loan modification.
Read more News Source - Bankrate.com via Yahoo! Finance
Publish date - 12:47:47 03/11/10

---

New mortgage form delivers mixed message
Designed by the U.S. Department of Housing and Urban Development to help borrowers better understand the terms of their mortgage loans, the new three-page form has been a required part of the mortgage application process since Jan. 1.
Read more News Source - San Jose Mercury News
Publish date - 21:02:35 03/11/10

---

Nationalized UK lender Northern Rock says it returned to profit in second half of 2009
LONDON - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell.
Read more News Source - Minneapolis-St. Paul Star Tribune
Publish date - 08:13:32 03/10/10

---

Mortgage Brain recruitment drive
“By increasing the range and depth of products and services available, we’ve continued to be successful in attracting more and more intermediaries as well as new third party product providers and lender partners,” commented Mark Lofthouse, CEO of Mortgage Brain.
Read more News Source - Mortgage Introducer
Publish date - 10:36:09 03/10/10

---

Firethorne Country Club fires back at its lender
MARVIN, N.C. -- A business development consultant with Firethorne Country Club says the club's owners are shocked that its lender has asked the courts to appoint a receiver to run the property. The club had Textron Financial Corp.'s approval to try to raise money to repay its debts and invest in its future but then the lender "blindsided" them because it is losing money itself, said Steve Holmes ...
Read more News Source - WCNC Charlotte
Publish date - 14:07:16 03/11/10

---