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Latest Mortgage News
U.S. indicts Md. man in mortgage fraud (UPI)
GREENBELT, Md., March 9 (UPI) -- Authorities Tuesday arrested a Maryland man in what the Department of Justice called a massive mortgage fraud scheme that left victims homeless.

Mortgage 'Half' Payments: How Much Do They Save? (The Christian Science Monitor)
One frequent question I’m often asked is whether or not paying half of a mortgage payment twice a month versus paying a full mortgage payment once a month is actually worthwhile.

Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets (Bloomberg)
March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches.

TCW Returns to Mortgage Bonds It Was Selling After Prices Fall (Bloomberg)
March 9 (Bloomberg) -- TCW Group Inc., the fund manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage securities it was rushing to sell early this year.

TCW Returns to Mortgage Bonds It Sold After Declines (Update1) (BusinessWeek)
TCW Group Inc., the money manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage securities it rushed to sell earlier this year.

Bendigo's new mortgage announcement (BigPond News)
Bendigo and Adelaide Bank Ltd has announced a new issue of residential mortgage backed securities.

Credit Score Undercuts Home Mortgage Plan (Fox News)
Would applying for a home mortgage loan jointly with my wife be better or worse?

Former Rock Financial exec David Hall forms mortgage firm (Detroit Free Press)
Best known for years as the pitchman of Rock Financial before a falling-out with his boss, Dan Gilbert, David Hall has launched a new mortgage company in Birmingham called Hall Financial.

(AFX UK Focus) 2010-03-10 05:40 UPDATE 1-S.Korea money supply, mortgage growth eases (Interactive Investor)
SEOUL, March 10 (Reuters) - South Korea's money supply growth in January eased and banks' mortgage lending to households in February rose slightly, data showed on Wednesday, putting little pressure on the central bank for a swift rate hike. The data came a day before the Bank of Korea is widely expected to keep its policy rate unchanged at record-low 2.00 percent for a 13th straight month amid ...

Owner of Legacy Lending pleads guilty in $20 million mortgage scam (Osseo-Maple Grove Press)
On March 2, in federal court in St. Paul, the 30-year-old part owner of Legacy Lending pleaded guilty to participating in a mortgage fraud scheme that involved 37 separate real estate transactions and $20 million in loan proceeds.

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