Tag Archives: basis points

CA Accounts For 21% Of America’s Foreclosures In First Quarter

From bizjournals.com: According to the MBA’s National Delinquency Survey, Florida, California, Nevada and Arizona together represent one-fourth of the loans in the U.S. and 42 percent of the first quarter foreclosure starts. California holds the biggest chunk, with 21 percent … Continue reading

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Australian Mortgage Delinquencies Rise

May 27 (Bloomberg) — Australia‘s delinquencies on mortgages to people with good credit histories rose in February to the highest in 11 months, according to Standard & Poor’s. Arrears rose in February because of Christmas credit spending, volatility in global … Continue reading

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The Reverse Mortgage Advantage: The Tax-Free, House Rich Way to Retire Wealthy!

James posts: Reverse mortgage is a loan made to a home owner-age 62 or older- against the equity in the home. It may be suitable for those who have much equity in their own home, want to live in the … Continue reading

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Australia’s Subprime Crisis Ending?

Here’s a report from down under: AUSTRALIA has weathered the worst of the financial storm sparked by the US sub-prime mortgage meltdown, a top central banker says. Assistant Reserve Bank governor Guy Debelle’s prediction is good news for borrowers slugged … Continue reading

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Australia’s Bond Market

May 16 (Bloomberg) — Australia‘s market for securities backed by residential mortgages, which ground to a standstill last year amid the global credit squeeze, shows signs of improving, said Guy Debelle, a Reserve Bank assistant governor. Debelle, whose speech didn’t … Continue reading

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Small Increase In Mortgage Applications

Here’s the news: The Mortgage Bankers Association said Wednesday morning that its Market Composite Index of mortgage application activity rose 2.9 percent to 674.4 for the week ended May 9; applications remained off 1.1 percent compared to year-ago activity, the … Continue reading

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UK Interest Rates For Risky Mortgages At Highest Rate In 8 Yrs

A lot of lenders are fleeing the home mortgage market. There’s a credit crunch. Even those with good credit are having a hard time getting loans. Mortgage credit still easiest to come by in the US. LONDON (Reuters) – The … Continue reading

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Falling Mortgage Bond Spreads

The stock market had a massive day. Bloomberg reports: March 18 (Bloomberg) — Yields on agency mortgage-backed securities tumbled to the lowest in more than a month relative to U.S. Treasuries amid speculation that capital constraints may be eased at … Continue reading

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