The loan blog

MyFinances.co.uk

Banks expect to lift mortgage supply in 2010Telegraph.co.ukBanks increased the supply of mortgages in the last three months of 2009, as rising house prices and the improving economic outlook boosted lenders' …Banks accused of profiteering in 2009Telegraph.co.ukall 79 news articles »

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Few called market turn, fewer predict it will lastBusinessWeekThe yield on the 10-year Treasury note, used as a benchmark for interest rates on mortgages and other consumer loans, stands at 3.84 percent, …and more »

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Economic data in early January may test recovery, set tone for 2010MarketWatchThe sector is also benefiting from a steep yield curve — the difference between short-term and long-term interest rates. That helps them generate more …and more »

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istockAnalyst.com (press release)

Fed Discusses Limited Bond Sales to Withdraw StimulusBloombergA rise in short-term rates would boost the cost on floating-rate loans for consumers and businesses. “If they get this wrong, volatility is going to be …Mortgage Q&A: Interest rates likely to stay lowWashington Timesall 34 news articles »

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Alerus Financial buys Twin Cities mortgage groupGrand Forks HeraldAlerus Financial said Thursday it had bought a Twin Cities-based mortgage division, its fifth acquisition in 2009. Spokeswoman Missy Keney said executives …Alerus Financial acquires Twin Cities-based Residential Mortgage GroupPrairie BusinessAlerus Financial acquires InterBank's Residential Mortgage Group businessTwin Cities Business JournalAlerus buys again: Grand Forks bank buys [...]

Christian Science Monitor

CA Mortgage Rates: 30 Year Fixed Mortgages Rates Increased – ZillowFreeRateUpdate.comThe amount of FHA loans increased greatly from conventional loans, as well as an increase in VA loans especially in the Inland Empire. I have a loan officer …Rate inflation continues for home loansLos Angeles Times (blog)30-year mortgage rates rise to 5.14%Washington Post [...]

Christian Science Monitor

Rising mortgage rates will test housing marketLos Angeles TimesMortgage rates are continuing their creep upward in a trend that well may choke off a recent refinancing boom and provide a test of the …Mortgage Rates Rise Further; 30-Year Hits 5.14%Wall Street JournalFixed mortgage rates march higherMarketWatchUS 30-yr mortgage rate hits 4-mth high -Freddie [...]

Bay Area Reporter

California passes fewer new laws due to budget crunchContra Costa TimesMortgage brokers and banks will be required to notify clients about all the loans they offer. Loans that get larger the longer a borrower holds them – known …New California Laws Protect Borrowers, ConsumersABC Newsall 130 news articles »

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Malkiel: Market Risk-Taking Must Be RestrainedBusinessWeekMoreover, a substantial share of their debt was short-term rather than long-term, increasing the risk that they would be unable to roll over their …and more »

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Icahn Offers $45 Million Loan as Part of Trump BidBloomberg31 (Bloomberg) — Investor Carl Icahn offered to loan Trump Entertainment Resorts Inc. $45 million and guarantee an equity investment of as much as $80 …and more »

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