Westpac Raises Mortgage Rate More Than Central Bank (Update1) (Bloomberg)

Dec. 1 (Bloomberg) — Westpac Banking Corp. , Australia’s second-biggest lender, is raising its mortgage rate by almost twice as much as the central bank increased interest rates today.

Originally posted here:
Westpac Raises Mortgage Rate More Than Central Bank (Update1) (Bloomberg)

Commercial Mortgage Defaults in U.S. Bank Portfolios Reach 3.4% (Bloomberg)

Dec. 1 (Bloomberg) — The commercial mortgage default rate on loans held by U.S. banks more than doubled to 3.4 percent in the third quarter as vacancies rose and rents declined, Real Estate Econometrics LLC said.

See more here:
Commercial Mortgage Defaults in U.S. Bank Portfolios Reach 3.4% (Bloomberg)

Treasury to increase pressure on mortgage industry (USA Today)

The Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help at-risk borrowers.

Original post: 
Treasury to increase pressure on mortgage industry (USA Today)

Obama administration steps up pressure on mortgage lenders (Los Angeles Times)

Under new requirements to help prevent foreclosures, banks and other mortgage lenders could face fines if they lag in converting temporary home loan modifications into permanent changes by year’s end.

Read the rest here:
Obama administration steps up pressure on mortgage lenders (Los Angeles Times)

Mortgage modifications to get push (Chicago Tribune)

As trial loan restructurings linger, administration wants more permanent solutions — The Obama administration on Monday announced a renewed push to get mortgage companies to convert thousands of temporarily restructured home loans into permanent ones by the year’s end to help keep struggling homeowners from falling into foreclosure.

Go here to see the original: 
Mortgage modifications to get push (Chicago Tribune)

Perpetual mortgage fund redemptions slow (BigPond News)

Perpetual says redemptions from its mortgage funds have slowed.

Read the original post:
Perpetual mortgage fund redemptions slow (BigPond News)

Mortgage lenders will face more pressure (San Francisco Chronicle)

Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help borrowers at risk of losing their homes.

View original post here: 
Mortgage lenders will face more pressure (San Francisco Chronicle)

Mortgage pressure rises (USA Today)

The Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help at-risk borrowers.

Excerpt from:
Mortgage pressure rises (USA Today)

What’s Next for Mortgage Rates? (BusinessWeek)

Sometime in the next five months, the Fed will stop buying mortgage-backed securities. Get ready for higher rates

The rest is here: 
What’s Next for Mortgage Rates? (BusinessWeek)

Treasury Presses Banks for Mortgage Relief (New York Times)

The Obama administration said Monday that it would increase the pressure on banks to help troubled homeowners permanently lower mortgage payments, The New York Times’s Peter S. Goodman reports.

Go here to see the original:
Treasury Presses Banks for Mortgage Relief (New York Times)

Next Page »