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Direct Mortgage Lenders In Connecticut

Treasury Seeks Authority to Buy $700 Billon in Assets   Sept. 20 -- The U.S. Treasury today asked Congress for authority to buy as much as $700 billion in soured mortgage-related assets from the nation's financial institutions in the most far-reaching federal intrusion into markets since the Great Depression.

Down-payment demands rise as mortgage rates drop  The government takeover of Fannie Mae and Freddie Mac has sent mortgage rates tumbling, but many lenders last week also raised the minimum down payment they'll allow on a loan.

Mortgage bills could rise by hundreds of pounds in wake of banking meltdown  Mortgage bills could rise by hundreds of pounds a year as lenders respond to the chaos. One specialist lender, First National, yesterday raised the cost of new mortgages by as much as 1.6 per cent.

Mortgage rates resume upward path  Mortgage rates have resumed their upward path with one lender hiking the cost of its deals by up to 1.6%. Other lenders are expected to follow suit and raise the cost of their fixed rate and tracker deals next week after a key inter-bank lending rate hit a five month high on Friday.

Stock market chaos will cause mortgage bills 'to rise hundreds of pounds a year'  Mortgage bills could rise by hundreds of pounds a year as lenders respond to the chaos. One specialist lender, First National, yesterday raised the cost of new mortgages by as much as 1.6 percentage points - adding £166 a month to the cost of a typical £150,000 loan.

Suit claims online mortgage exchange firm violating S.C. law  One of the Upstate's chief prosecutors has filed a civil lawsuit against LendingTree, accusing the online mortgage exchange business of violating South Carolina law by not disclosing fees that it charges lenders and telling customers that it isn't a mortgage broker.

Fickle Mortgage Market Demands Quick Decisions  Just about anyone who cares knows that interest rates on a 30-year, fixed-rate mortgage have dropped recently.

Credit crunch: Mortgage rates rise again  Mortgage rates today resumed their upward path with one lender hiking the cost of its deals by up to 1.6%. Other lenders are expected to follow suit and raise the cost of their fixed rate and tracker deals next week after a key inter-bank lending rate hit a five month high today.

4 Fannie Mae senior execs resign  The troubled mortgage finance giant announces restructuring of organization with more direct reports to CEO.

Treasury Unveils $700 Billion Financial Rescue   Congressional staff began scrutinizing a plan to give Treasury Secretary Henry M. Paulson Jr. broad powers to purchase up to $700 billion worth of mortgage-related assets and securities, in a bid to rescue ailing financial institutions crippled by the souring instruments.