http://news.myspace.com/business/mortgage The latest news brought to you by MySpace! Sat, 17 May 2008 06:01:10 GMT http://newscdn.myspace.com/web.2.14/content/springwidget/mortgage.xml http://news.myspace.com/business/mortgage/item/17463184 Despite the increase, single-family homes, the component in the report which accounts for four-fifths of housing starts, fell 1.7% to 692k, compared to the previous month's 704k level. financial economist at Global Insight, said the decline in single-family Mortgage News Daily Fri, 16 May 2008 13:43:35 GMT http://news.myspace.com/business/mortgage/item/17463184 http://news.myspace.com/business/mortgage/item/17458360 Appraisal challenges: Because of "down" markets, lenders want appraisers to find comparable homes that have sold within 30 days. Passing the buck to FHA: Fannie and Freddie's risk-based fees are making conforming mortgages super-expensive for all The Mortgage Reports Fri, 16 May 2008 13:16:07 GMT http://news.myspace.com/business/mortgage/item/17458360 http://news.myspace.com/business/mortgage/item/17468313 ….just post a link to something else without relevent comment and something value-added. But this said it all. And it’s Friday. And someone just fired up the blender in the kitchen….. Mortgage Industry Professionals. Like what you see? SUBSCRIBE for free by RSS or email, and never Lenderama Fri, 16 May 2008 17:44:30 GMT http://news.myspace.com/business/mortgage/item/17468313 http://news.myspace.com/business/mortgage/item/17462464 Anthony Fields, 38, Pittsburgh, Pennsylvania, pleaded guilty to one count of wire fraud in connection with a mortgage fraud conspiracy involving inflated property values. As previously reported by Mortgage Fraud Blog, and according to his plea, Fields Mortgage Fraud Blog Fri, 16 May 2008 14:52:00 GMT http://news.myspace.com/business/mortgage/item/17462464 http://news.myspace.com/business/mortgage/item/17463187 Both the number of permits issued to build privately-owned housing units and the number of units for which construction started were up in April although still lagging considerably below figures for April 2007. The HMI is determined through a monthly survey Mortgage News Daily Fri, 16 May 2008 13:26:54 GMT http://news.myspace.com/business/mortgage/item/17463187 http://news.myspace.com/business/mortgage/item/17391972 We've been swamped with the demands of our business life the last week (a good thing) so posting has been sparse - we'll be back on the crest of the blogging wave by next week. In the meantime, amuse yourselves with this excellent podcast from Chicago Public Radio on the housing/mortgage mess: The Behind the Mortgage Wed, 14 May 2008 15:46:16 GMT http://news.myspace.com/business/mortgage/item/17391972 http://news.myspace.com/business/mortgage/item/17296892 MarketWatch New jumbo-mortgage limits just starting to help buyers on rates Sunday May 11, 9:15 am ET By Amy Hoak Increased conforming loan limits are just starting to improve pricing DALLAS (MarketWatch) The goal of raising the limit was to bring interest Yahoo! Finance: Mortgages News Sun, 11 May 2008 18:34:15 GMT http://news.myspace.com/business/mortgage/item/17296892 http://news.myspace.com/business/mortgage/item/17422023 If you want to be notified when I write something new on The Mortgage Reports, sign up for daily email alerts or subscribe to the RSS feed. is not mortgage strategy -- it's a mortgage .gamble. I am predicting that rates will decrease over the next 30 days, The Mortgage Reports Thu, 15 May 2008 12:52:12 GMT http://news.myspace.com/business/mortgage/item/17422023 http://news.myspace.com/business/mortgage/item/17463192 The first monthly reading for consumer confidence in May failed to show any improvement despite the beginning of the fiscal stimulus tax rebates, economists say. economist at JPMorgan, said the fiscal stimulus package will obviously help consumer spending, Mortgage News Daily Fri, 16 May 2008 13:18:19 GMT http://news.myspace.com/business/mortgage/item/17463192 http://news.myspace.com/business/mortgage/item/17439128 It covers title insurance commitment cancellation fees very nicely in TWO places. The seller agrees to convey marketable title and the buyer agree to pay for the search, including cancellation fees, if any. If the buyer can’t get a mortgage, the buyer Lenderama Thu, 15 May 2008 20:49:45 GMT http://news.myspace.com/business/mortgage/item/17439128 http://news.myspace.com/business/mortgage/item/17245952 One of them is that adjustable-rate mortgages always carry lower rates than fixed-rate mortgages. But even when ARMs are lower than fixed-rate, that doesn't mean they're the better "low payment" option. Two weeks ago, for example, choosing a The Mortgage Reports Fri, 09 May 2008 14:59:24 GMT http://news.myspace.com/business/mortgage/item/17245952 http://news.myspace.com/business/mortgage/item/17424409 Alexsandr Bernik, 29, Sacramento, California, was indicted on charges of wire fraud, money laundering, and making false statements to federally insured banks to obtain real estate loans. Bernik was previously arrested on April 30, 2008, on a criminal Mortgage Fraud Blog Thu, 15 May 2008 14:15:00 GMT http://news.myspace.com/business/mortgage/item/17424409 http://news.myspace.com/business/mortgage/item/17435029 But business has been very good and keeping up with the tasks of my daily blog along with the busiest time of year for me can prove daunting. What I have noticed from a real estate agent’s perspective is how mortgages being marketed to me has changed. A Lenderama Thu, 15 May 2008 18:50:30 GMT http://news.myspace.com/business/mortgage/item/17435029 http://news.myspace.com/business/mortgage/item/17316182 As with most recent initiatives, whether designed by lenders, Congress, or the President, the intended audience of Fannie's program is limited, but it does target a sector of troubled borrowers that has not received a lot of attention - the "underwater" Mortgage News Daily Mon, 12 May 2008 12:49:02 GMT http://news.myspace.com/business/mortgage/item/17316182 http://news.myspace.com/business/mortgage/item/17424408 Domeneco Abate was sentenced on May 12, 2008 by the Honorable United States District Judge Donald M. Middlebrooks to 27 months’ imprisonment, to be followed by three years of supervised release. On February 28, 2008, Abate pled guilty to a three-count Mortgage Fraud Blog Thu, 15 May 2008 14:22:00 GMT http://news.myspace.com/business/mortgage/item/17424408 http://news.myspace.com/business/mortgage/item/17243101 Maxine Waters (D-CA) that would allot $15 billion in loans and grants to states to buy up and rehabilitate foreclosed properties the whole House took on and passed a second, broader, piece of legislation that would authorize the Federal Housing Administration Mortgage News Daily Fri, 09 May 2008 11:12:09 GMT http://news.myspace.com/business/mortgage/item/17243101 http://news.myspace.com/business/mortgage/item/17411356 You know how call capture works; you’re assigned an 800# that is owned by the call capture company and you pay a monthly fee plus a per-minute fee for the usage. The beauty of the call capture system is that as soon as the inquiring prospect calls the number, Lenderama Thu, 15 May 2008 03:22:02 GMT http://news.myspace.com/business/mortgage/item/17411356 http://news.myspace.com/business/mortgage/item/17345152 Between Memorial Day and Labor Day, home buyers should take special care to schedule their purchase closings with three simple rules in mind: These are three rules to live by because home purchases require a lot of man-hours and during the summertime, The Mortgage Reports Tue, 13 May 2008 10:43:47 GMT http://news.myspace.com/business/mortgage/item/17345152 http://news.myspace.com/business/mortgage/item/17422423 Sharpe James, former Newark, New Jersey Mayor, was dismissed from all remaining fraud charges by the US Attorney’s Office. As previously reported by Mortgage Fraud Blog, Sharpe was convicted in April 2008 on all counts against him in a corrupt scheme to Mortgage Fraud Blog Thu, 15 May 2008 12:42:00 GMT http://news.myspace.com/business/mortgage/item/17422423 http://news.myspace.com/business/mortgage/item/17318927 Well, actually it started out rather tame, but the end of the week had bonds moving higher, looking good, then they came crashing down hard. There wasn’t much data last week, and as such, traders look for anything to grab onto, and last week’s Initial Jobless Claims played a much larger Lenderama Mon, 12 May 2008 15:36:45 GMT http://news.myspace.com/business/mortgage/item/17318927