Borrowing to recover from Katrina

Borrowing to recover from Katrina
Bankrate.com - Jan 27 4:27 AM
Dear Dr. Don, I live in the Katrina disaster area and have been offered (passed final approval) a SBA (Small Business Administration) loan for $40,000 at 2.687 percent, which sounds good to me. I have asked for, and have not been able to get, the Annualized Percentage Rate on the loan.Save to My Web

Lenders work on accurate estimates
Stamford Advocate - Jan 27 5:39 AM
It's a distressingly familiar scenario for home buyers and refinancers, and was one of the major mortgage-related consumer complaints to federal agencies last year: "Good faith estimates" of settlement costs that turn out to be hundreds, even thousands, of dollars off the mark.Save to My Web

The European Financial Management & Marketing Association
EFMA - Jan 27 8:15 PM
A website was launched this week in the United Kingdom that pits lenders against one another to secure mortgage business. The aim is to lower the costs of mortgages for borrowers, using the same approach already adopted to achieve lower airline ticket prices.Save to My Web

(AFX UK Focus) 2006-01-27 10:09 GMT: Bradford & Bingley to buy up to 1.4 bln stg mortgage portfolios from GMAC-RFC
Interactive Investor - Jan 27 2:35 AM
LONDON (AFX) - Bradford & Bingley PLC said it has agreed to buy up to 1.4 bln stg in further mortgage portfolios from GMAC-RFC over the next year. The company has already purchased a number of similar loan portfolios from GMAC-RFC for 4.3 bln stg since September 2002.Save to My Web

Loan fliers spur alert by industry
Contra Costa Times - Jan 27 6:18 AM
As alternative mortgages grow in popularity, a real estate trade group is warning that a growing number of advertisements for such loans are misleading consumers about their true costs.Save to My Web

Mortgage Brokers Expected to see Significant Decline in 2006 Originations
[Press Release] PR Web via Yahoo! News - Jan 27 4:00 AM
San Diego, CA (PRWEB) January 27, 2006 -- In 2006, originations are expected to decline by more than 20 percent from last year s level of 2.Save to My Web

New-home sales climb in Dec., set record for 2005
USA Today - Jan 27 7:28 AM
Sales of new homes expectedly rose 2.9% in December as mortgage rates dipped, but home prices fell for a third month and the number of houses on the market hit a record, according to a government report on Friday.Save to My Web

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