Finance Industry Today: Adjustable Rate Mortgage News

Foreclosures affect communities

20 Jul 2008 09:30 GMT

... There are 1,297 owner-occupied homes in the ZIP code, according to the U.S. Census. Adjustable-rate mortgages often are blamed for much of the dire housing market. Homeowners were stuck with ...

What to do in a time of foreclosures

20 Jul 2008 09:30 GMT

... soon as possible, area experts say. Some lenders are reaching out to holders of adjustable rate mortgages to find ways to help. Consumer organizations, such as ACORN, also can assist. ACORN ...

Mortgage rates sink on all types

20 Jul 2008 05:57 GMT

... Mortgage rates fell last week with 30-year mortgage ... percent the previous week. Rates on five-year adjustable-rate mortgages fell to 5.8 percent, down slightly ...

Foreclosure fever

20 Jul 2008 05:54 GMT

... Charleston-area property owners face losing homes to mortgage lenders Charleston County Master-in-Equity Judy Dawkins sorts ... homeowners fell into default after their monthly adjustable-rate mortgage payments rose. Dorchester County, which lists ...

Tough times multiply pleas for help

20 Jul 2008 03:56 GMT

... from folks who have run out of money paying the monthly bills of their adjustable rate mortgages. One woman spent part of Friday afternoon sitting in a small cubicle in DCF's ...

Regulators sift Wachovia files

19 Jul 2008 21:55 GMT

... to cut costs amid a rapid deterioration of the bank's $121bn portfolio of "option" adjustable-rate mortgages. In a statement last night, Ms Carnahan said the inspection was "not a raid" ...

Welcoming foreclosure

19 Jul 2008 11:39 GMT

... able to keep his condo when his mortgage rate resets. But he doesn't qualify for ... products. "It's the people with interest-only and (adjustable-rate mortgages) who are really having a problem," ...

Have banks bottomed out?: Despite stock price jump for many this week, analysts see problems continuing

19 Jul 2008 10:32 GMT

... offer assurances that it would help out mortgage financiers Freddie Mac and Fannie Mae. The ... was set pretty low." "The peak for adjustable-rate-mortgage resets is the third quarter," he said. ...

It's possible to stay in a foreclosed house even after it's sold

19 Jul 2008 09:35 GMT

... my name on the deed and the mortgage? Janet Your brother will have to ... the house. If it was an ARM (adjustable-rate mortgage), the lender may be willing to ...

People lined up to get mortgage help

19 Jul 2008 07:54 GMT

... People lined up to get mortgage help

Don't be dumb -- use your thumb

19 Jul 2008 06:29 GMT

... you won't be able to get a mortgage you have no chance of ever being ... You might have circumstances that make an adjustable-rate or other nonstandard loan right for you, ...

As foreclosures ebb, more trouble ahead

19 Jul 2008 06:28 GMT

... an end to the initial rush of adjustable-rate home loans to riskier borrowers that went ... harder times than defaults on so-called sub-prime mortgage loans. "It's really hard to say specifically ...

Mortgage troubles? Phone counseling available

19 Jul 2008 05:07 GMT

... can get immediate help restructuring their troubled mortgage loans. For those with troubled mortgages who ... mortgage crisis. They won't be offered any adjustable-rate mortgages. Instead, based on its own underwriting ...

The house that IndyMac built

19 Jul 2008 04:48 GMT

... year and a half. Yet their monthly mortgage payments have moved rapidly in the opposite ... popular offerings was the FlexPay, an ARM (adjustable-rate mortgage) with various payment options, where the ...

Long and Short Term Mortgage Rates Take a Welcome Plunge

19 Jul 2008 04:43 GMT

... Long and Short Term Mortgage Rates Take a Welcome Plunge (NYSE:FRE) today ... FRM averaged 6.38 percent. Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.80 percent this week, ...