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  • New Homes Hit Record Median Price in April Sales Rise

    New home sales rose 2.3 percent on a seasonally adjusted basis in April to an annual rate of 454,000 units. The Census Bureau and the Department of Housing and Urban Development also revised the March estimate of new home sales dramatically upward from 417,000 units to 444,000. The April rate of sales was 29.0 percent higher than the April 2012 rate of 352,000 units. On a non-seasonally ...

  • What’s best for you no-cost loans or low-cost mortgages

    No-cost loans have gained strong interest as consumers are savvy in deciphering loan terms, rates and how to qualify for credit in a constrictive lending ...

  • Delinquent Mortgages ‘20 Can Pay But Don’T’

    An estimated 20 per cent of delinquent Bahamian mortgage borrowers fall into the 'can pay but won't pay' category, a situation the banking industry believes will be exacerbated by the Homeowners Protection ...

  • LC Mortgages expands further in Newcastle

    London & Country Mortgages (L&C Mortgages) has now expanded its business and leased the whole of the first floor extending to 9,680 sq ft, after initially taking 3,500 sq ft of space in September 2012. Bede House, based in a Quayside location close to the heart of the city, comprises 3,512 sq m (37,806 sq ft) of refurbished office space set on four floors. The flexible open floor plate ...

  • Freddie Mac Begins to Securitize Certain Modified Mortgages

    Freddie Mac announced today that it has begun securitizing certain performing modified mortgage loans held in the company’s mortgage-related investments portfolio. These loans were modified to assist borrowers who were at risk of foreclosure, to stabilize markets and to mitigate losses. To be eligible for securitization, loans need to be current for at least six consecutive ...


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Movie Review

The Hustler [DVD]

The Hustler [DVD]

Set within a black-and-white CinemaScope frame that cannily reflects the dimensions of a billiards table, Robert Rossen's The Hustler tells the story of an exceedingly talented young pool shark coming to terms with himself. It is a quintessential character study that mixes psychology ... ...

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  • Underwater mortgages in Portland area decline Zillow says

    reported by the real estate website Zillow show many more people may still be locked out of the housing market because they have too little equity in their home to sell. According to Zillow, 25.5 percent of Portland-area homeowners with a mortgage owe more on their home than it's worth, representing about 106,738 area homes. That's down from 28 percent in the last quarter of 2012. ...

  • Fitch Expects to Rate J.P. Morgan Mortgage Trust 2013-2 Presale Issued

    NEW YORK--(BUSINESS WIRE)-- Fitch Ratings expects to rate J.P. Morgan Mortgage Trust 2013-2 as follows: --$398,288,000 class A-1 exchangeable certificate 'AAAsf'; Outlook Stable; --$398,288,000 class A-2 exchangeable certificate 'AAAsf'; Outlook Stable; --$338,545,000 class A-3 certificate 'AAAsf'; Outlook Stable; --$59,743,000 class A-4 ...

  • Freddie Mac Mortgage rates higher 30-year fixed averages 3.59

    Mortgage rates are well above record lows, with the 30-year fixed loan averaging 3.59% this week. That's expected to slow the refinance business but not affect demand for new homes like the one show above, under construction recently in Dublin, ...

  • MBS MID-DAY Treasuries Green MBS Red

    : MBS Morning Market Summary Mortgage markets are less than thrilled with the broader move into higher rates that was effectively confirmed yesterday, and we have 2 negative reprice alerts ...

  • Ellington Management Group Names Steven M. Abreu Head of Mortgage Originations

    OLD GREENWICH, Conn., May 23, 2013 /PRNewswire/ -- Ellington Management Group today announced that Steven M. Abreu, 48, the former president of GMAC Mortgage, has joined Ellington in a new role as Head of Mortgage Originations. Abreu will lead the firm's efforts to acquire one or more mortgage originators. It is anticipated that any such acquisitions will be made by Ellington Financial ( ...

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