Archive for September, 2009

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Government tweaks mortgage-change efforts
Philadelphia Inquirer
1 target of 500000 "trial" modifications, designed to test whether borrowers can handle easier terms on their home loans. The haste with which the program

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Government tweaks mortgage-modification efforts
Philadelphia Inquirer
1 target of 500000 "trial" modifications, designed to test whether borrowers can handle easier terms on their home loans. The haste with which the program

and more »

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ABC News
VA Home Loan Mortgage Rates September 30 – Interest Rates Up
Subprime Blogger
VA home loan mortgage rates for September 30th, 2009 are up slightly but still under 4% at 3.95%. The conventional 30 year fixed mortgage rates is at 4.95%
Mortgage Activity Drops, Despite Low RatesDSNews.com
Sept. 30 (Bloomberg) — Mortgage applications in the US fell last Bloomberg
Mortgage Interest Rates Hit New LowsAmerican Banking News
Reuters -Subprime Blogger -Subprime Blogger
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ACCO Brands closes notes offering
Forbes
The proceeds will be used to refinance and service other debt, such as buying back about $30 million in notes due 2015 and to pay transaction fees on a new
ACCO Brands Corporation Announces Closing of $460 Million Senior Business Wire (press release)

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Report: 1 in 3 loan applications denied
The Associated Press
In its annual look at mortgage practices among the nation's lending institutions, the Federal Reserve says the denial rate for all home loans was about 32

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DJ US Regulators: Home-Loan Activity Falls 34% In 2008
Trading Markets (press release)
The data are required by the Home Mortgage Disclosure Act. The 34% decline in applications and originations compared to a 22% drop in 2007 from 2006.

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