Mortgage News and Mortgage Rates
For January 28, 2012

Posted Jan. 27 2012

Woman gets 4.5 years in mortgage scheme – WAVY.com – Chesapeake, Va

The US Attorney's office said 51-year-old Kathy Harps admitted that she promised to assist homeowners with their mortgages and earn them money at the same time. Court filings show that she and tw… View original story at http://www.fox43tv.com/dpps/news/local/chesapeake/woman-sentenced-in-mortgage-scheme_4055359

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Hong Kong December New Mortgage Drawn-Down Falls to 3-Year Low – Businessweek

Most Popular Content. Hong Kong December New Mortgage Drawn-Down Falls to 3-Year Low. Hong Kong's December new mortgage drawn-down dropped to the lowest in almost three years as the city's p… View original story at http://www.businessweek.com/news/2012-01-27/hong-kong-december-new-mortgage-drawn-down-falls-to-3-year-low.html

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Govt says FCA should consult on early warnings – Mortgage Strategy – News

27 January 2012 By Natalie Holt. He Government is pushing for the Financial Conduct Authority to be required to consult firms and individuals before it publicises that they are the subject of an ongo… View original story at http://www.mortgagestrategy.co.uk/govt-says-fca-should-consult-on-early-warnings/1045099.article

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Over 1,000 homes sold through FirstBuy – Mortgage Strategy – News

27 January 2012 By Paul Thomas. The UK's three biggest house builders have sold a total of 1,250 homes through the Government's FirstBuy scheme in its first four months. Persimmon, Taylor Wi… View original story at http://www.mortgagestrategy.co.uk/over-1000-homes-sold-through-firstbuy/1045098.article

Posted Jan. 26 2012

New Obama housing probe to focus on mortgage-backed securities – aberdeennews.com

By Jim Puzzanghera. Reporting from Washington. The Obama administration's new effort to investigate the causes of the financial crisis will focus on the toxic mortgage-backed securities that tri… View original story at http://www.aberdeennews.com/la-fi-mo-mortgage-probe-20120126,0,7676878.story

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New Obama housing probe to focus on mortgage-backed securities – latimes.com

Romney keeps Gingrich on defensive at Florida debate. Los Angeles Times Money Minute. 15 for $30 towards Food & Drink at Buffalo Wings & Pizza. New Obama housing probe to focus on mortgage-… View original story at http://www.latimes.com/business/money/la-fi-mo-mortgage-probe-20120126,0,6140897.story

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MetLife Looking to Update Reverse Mortgage Financial Assessment – Annuity News Journal

After a two-month wait, MetLife has announced they will release their new reverse mortgage policy later this week. For MetLife, the new changes to the policy are designed to insure only borrowers who… View original story at http://www.annuitynewsjournal.com/metlife-looking-to-update-reverse-mortgage-financial-assessment/

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California Mortgage Guide – California Mortgage Rates Today – Purchase Interest Rates and Fee Information

Thursday, January 26, 2012. California Mortgage Guide. Thank you for visiting CaliforniaMortgageBlog.com. Below is a snapshot of current mortgage pricing pulled from some of the leading mortgage re… View original story at http://www.californiamortgageblog.com/2012/01/california-mortgage-rates-today.html

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Mon, 1/30, Underwater Mortgage Rally

Principal reduction for underwater mortgages. The proposed AG's settlement gives how much to underwater mortgages. 25% of mortgages nationally are underwater. We can't get out of the mortga… View original story at http://www.bostonsocialism.org/2012/01/mon-130-underwater-mortgage-rally.html

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Rate on 30-year fixed mortgage rises to 3.98 percent – Daily Record – dailyrecord.com

The low rates may be contributing to a slow turnaround in the depressed housing market. Still, many who can afford to buy or refinance a home have already done so. Freddie Mac said Thursday the aver… View original story at http://www.dailyrecord.com/article/B3/20120126/NJBIZ/301260061/Rate-30-year-fixed-mortgage-rises-3-98-percent?odyssey=mod_sectionstories

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