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IMPORTANT: Bing News RSS feed has moved!New-home sales appear headed to their worst year on records dating back half a century. [Click here to check home loan rates in your area.] Mortgage applications rose nearly 13 percent last week but that's up from extremely low levels ... Read moreFixed mortgage rates hover near lows for 6th weekBorrowers hoping to get mortgages stretching past retirement age will be subject to extra “prudent and proportionate” checks as part of a major review of the mortgage system by the Financial Services Authority. The FSA’s proposals, which are intended ... Read moreMortgage curbs mean fewer loans for the over-50sThe collaboration escalates Mr Schneiderman’s probe into roughly a dozen banks and mortgage insurers as part of a broad investigation into whether banks properly bundled hundreds of billions of dollars worth of home loans into now-soured ... Read moreAlliance to bolster home loans probeCHICAGO (MarketWatch) — Coming up with a down payment is often a first-time home buyer’s biggest challenge. That’s why many of them get a little help from relatives or friends. In 2010, 27% of first-time buyers received a gift from a ... Read moreDon’t let down-payment gifts delay mortgage loanYou do not say what the mortgage loan period is or what your age is, but by extending the length of your mortgage loan period over more of your expected working life, your actual mortgage payment may be lower, she said. Based on the numbers you ... Read moreBiz Brain: Low-income but still seeking a loanhas been trying to get her subprime loan restructured since 2007. She never missed a payment, but the adjustable-rate mortgage she got in 2004 shot up to a monthly payment she could no longer afford. First she provided documents without getting ... Read moreLoan-Modification Blunders Bedevil U.S. Housing RecoveryIf a borrower wants an interest-only mortgage, where their monthly repayments only cover the interest on their loan and not the amount they borrowed to buy the property, the lender will have to check that they know how to repay the original loan. Read moreQ&A: FSA's proposals to reform the UK mortgage marketWASHINGTON — Got a beef with your mortgage lender? Is your bank unresponsive when you complain that your escrow account is fouled up and making your monthly payments needlessly high? Did your loan officer bait-and-switch you into a more costly home loan ... Read moreMortgage complaint window is now openThe rate on the 30-year home loan fell from 3.99 percent the previous week, Freddie Mac said Thursday. This week's 3.94 percent average matches the lowest on records dating to the 1950s. The average on the 15-year fixed mortgage fell to 3.21 ... Read moreFor additional information, please see:
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