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New Century Mortgage managers ignored default rates, investigator says (The Plain Dealer)
An investigator hired to examine issues surrounding the bankruptcy of New Century Financial Corp. said senior management ignored ample evidence of rising default and foreclosure rates while allowing the company to write riskier loans.
UK Average Mortgage Rates Climbed Broadly In April - BOE (Nasdaq)
LONDON -(Dow Jones)- U.K. average quoted mortgage rates climbed across the board in April, data published on the Bank of England's Web site Monday showed.
30-year mortgage rates inch down, remain above 6% mark (Fort Wayne Journal Gazette)
WASHINGTON – Rates on 30-year mortgages edged down slightly last week but remained above 6 percent for the third-straight week.
UK mortgage lenders tightened credit in April: BoE (The Economic Times)
British mortgage lenders tightened credit terms last month despite a cut in official interest rates.
Jumbo mortgage rates becoming affordable (San Francisco Chronicle)
Those new jumbo-conforming mortgages, created by Congress to make homes in high-priced areas more affordable, are finally getting cheaper. Late last week, many lenders slashed their rates by about one-half of a percentage point on jumbo-conforming loans -...
Fixed-rate mortgage regains the spotlight (Richmond Times-Dispatch)
Bottoms up! It's time to swallow a heavy dose of risk realism when considering the U.S. home market. While it's a given that home prices will continue to fall in most major markets in the immediate future, you have to defy the conventional wisdom on what will happen next. Start with the role of the adjustable-rate mortgage. In the past, they were leverage lollipops that tasted the lowest rates ...
Nationwide cuts mortgage rates (Reuters.co.uk)
LONDON (Reuters) - Nationwide, Britain's third largest mortgage lender, is cutting the price of some of its fixed rate home loans as it vies to lure in new customers.
Mortgage rates have stabilized (Richmond Times-Dispatch)
Mortgage rates finally have calmed down, after swinging wildly in the first few months of the year. That good news is amplified by the direction that rates took last week: down. The 30-year fixed rate had risen modestly three weeks in a row. The benchmark 30-year fixed-rate mortgage fell 3 basis points to 6.13 percent, according to the Bankrate.com national survey of large lenders, issued ...
Nationwide cuts mortgage rates (Reuters via Yahoo! UK & Ireland News)
Nationwide, the country's third largest mortgage lender, is cutting the price of some of its fixed rate home loans as it vies to lure in new customers.
Mortgage lenders tightened credit in April (Reuters via Yahoo! UK & Ireland News)
Mortgage lenders tightened credit terms last month despite a cut in official interest rates, Bank of England data showed on Monday.
