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11/25/2008 News For:

Refinance My Mortgage

Paying off mortgage  Should I use my managed funds to pay off my reverse mortgage? Q. I have a reverse mortgage of around $31,000 on my home which is mortgage free apart from this loan. I have $45,000 in managed funds. Should I pay off the reverse mortgage from these managed funds?

UK mortgage approvals halved from year ago   Mortgage lending in Britain has more than halved over the past year, according to the British Banker's Association ? further evidence that the economic downturn is dramatically hurting the country's property market.

Mortgage lending feels the strain  The slump in mortgage lending by the UK's biggest banks continued in October, a banking body says.

New mortgage lending 'to shrink'  A review panel will be set up to monitor lending as a report warns new mortgage lending could shrink in 2009.

Mortgage approvals approach record low in October  LONDON Reuters - Mortgage approvals for house purchase more than halved in October compared with a year earlier, coming with a whisker of the record low hit in August, the British Bankers' Association said on Tuesday.

Freddie Mac plunges into mortgage-backed securities market  The company's purchase of $27 billion worth of the debt instruments helps keep home loan rates steady but doesn't lower them. Freddie Mac increased its support for the nation's ailing home loan market in October, in part playing the role the government had in mind when it seized the mortgage loan giant.

Wachovia's Waterbury mortgage office shutting down  Wachovia Corp. says it will be shutting down its retail mortgage processing operation in Waterbury early next year, costing about 65 people their jobs.

Mortgage lending 'to fall below zero' next year in crippling blow to Darling's recovery plan   Mortgage lending could dry up completely next year leaving no-one able to afford to buy a new home, according to a devastating new report.

UK mortgage approvals halved from year ago  Mortgage lending in Britain has more than halved over the past year, according to the British Banker's Association _ further evidence that the economic downturn is dramatically hurting the country's property market. The number of new home mortgages approved...

Mortgage Modification Programs Yet to Prove Their Worth  Mortgage Modification Programs Yet to Prove Their Worth