MORTGAGE

US mortgage demand fell last week

The headquarters of mortgage lender Fannie Mae is pictured in file photo
U.S. home loan demand fell sharply in the week ended Feb. 11, recording a second consecutive weekly decline, the Mortgage Bankers Association (MBA) said on Wednesday.

Fannie Mae fires Florida law firm Ben-Ezra & Katz

A woman takes a brochure detailing how homeowners can make their mortgage payments more affordable at the Fannie Mae booth.
Fannie Mae has booted Florida-based foreclosure law firm Ben-Ezra & Katz from its retained attorney network after noticing that the firm was not handling its matters in strict compliance with proper procedures, ethical codes of conduct and legal requirements.
Flyers are stacked beside calculators at the Housing Fair put on by the National Urban League's Economic Empowerment Tour in Dallas, Texas June 13, 2009.

Consumers captive to bad home mortgage system

Many U.S. consumers have no choice and are held captive to home mortgage-related companies that are often aggressively fast, commit errors in paperwork and refuse to answer questions, and whose continuing problems are holding back the country's economic recovery, a top U.S. regulator said on Friday.
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China raises mortgage rates for housing fund

China raises mortgage rates for housing fund

China on Wednesday increased the cost for people borrowing from a fund designed to support first-time home buyers, in line with the country's latest rise in benchmark interest rates.
Shenzhen banks to end preferential mortgage rates -paper

Shenzhen banks to end preferential mortgage rates -paper

Bank of China Ltd and four other major state lenders will end preferential mortgage rates for first-time homebuyers in the southern boomtown of Shenzhen after the Lunar New Year holiday, a local newspaper said.
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Australia PM Gillard battens down for disaster fallout

Australia's cruel summer of cyclones and floods could generate a new, devastating political storm for Prime Minister Julia Gillard, who now must buck hostile public opinion to find a way to pay for the clean-up.

US weekly mortgage demand rose sharply last week

The U.S. home loan demand rose sharply in the week ended Jan. 28, even as the mortgage rates continue to rise from their lowest levels, the Mortgage Bankers Association (MBA) said on Wednesday.
An welder works on a section of a Pelamis wave energy converter at their factory in Edinburgh, Scotland.

UK manufacturing PMI hits record high in January

Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed.
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DR Horton posts loss on foreclosures, joblessness

DR Horton Inc (DHI.N), the top U.S. homebuilder, reported a larger-than-expected quarterly loss, citing an increase in home foreclosures, and lingering anxiety among homebuyers that contributed to a sharp drop

SOHO China sees little impact from property curbs

China's harsh measures to cool its booming property market is having limited impact on prices, property developer SOHO China's (0410.HK) chief executive said, underscoring the government's difficulty to curb credit growth on all fronts.
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Mortgage applications declined last week: MBA

Applications for U.S. home mortgages slumped last week as bankers recorded the slowest refinancing activity in more than a year, an industry group said on Wednesday.
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Why Rising Rates Are Super Bullish for Gold and Silver

The gold naysayers are using rising rates as a way to dismiss gold. Let me explain why this belief is not only false but also utterly dangerous. First and foremost, the parameters have changed in just a few short years. Government debt has increased substantially in the last few years.

Treasury's toxic asset funds gain 27 percent

The U.S. Treasury's toxic asset funds have gained 27 percent since they were created to help revive the mortgage-backed securities market, according to data expected to be released later on Monday.
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BSE Sensex to open up; RIL, SBI in focus

The BSE Sensex should open higher on Monday, with heavyweights Reliance Industries and State Bank of India in focus after their quarterly results.

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