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Citi helped 29 percent more borrowers in Q2
Citi said Tuesday that it helped 29 percent more troubled mortgage borrowers in the second quarter over the first quarter. (C)
Biz Journal

Home loans rise boosts property market
. Mortgage approvals at highest level for 17 months. Debt-ridden households shunning new creditThe number of loans approved for house purchases rose to a 17-month high in July, prompting fresh claims that the property market is emerging from recession.A total of 38,181 mortgages were awarded by banks in July, up from 35,564 in June and the highest since February last year, British Bankers' Association (BBA) data showed. The typical loan size increased by 1% on the month to £139,700, with the total value of mortgages taken out for home purchase reaching £5.2bn in July, up 79.1% compared with the same month last year.The BBA's figures add to recent data suggesting the property market and house prices may have bottomed out and begun to move forward again. Halifax and Nationwide reported 1%-plus gains in house prices last month, while the property website Rightmove said last week that bargain seekers had pushed its online traffic to record levels. Today, the Countrywide estate agency group
Guardian

Still A Valuable Source Of New Business
Solid real estate agent relationships are the cornerstone of any professional loan originator's business plan. While the mortgage industry has done an excellent job at consumer direct marketing, h...
Big News Network

Options volume reveals unusual put activity for this mortgage-backed securities specialist
Annaly Capital Management Inc. (NLY: sentiment, chart, options) has drawn considerable put volume today, despite a relative lack of movement from the equity...(Read More)
Schaeffersresearch.com

Personal Finance Daily: Lenders face learning curve on mortgage aid
Most mortgage lenders have always had some form of loan-workout program for troubled borrowers. But when the bust first hit, there wasn't much that could get done.
Market Watch

Fixed rate mortgages margin soars - Channel 4 News
The mark up charged on fixed rate mortgages has reached a new high as lenders fail to pass on reductions in their own funding costs, research has shown. Financial information group Moneyfacts said th...
Big News Network

Citigroup`s Mortgage Mitigation Rises 29% In 2Q - CNN Money
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Big News Network

More mortgages approved in Britain - United Press International
LONDON, Aug. 25 (UPI) -- More mortgages were approved Britain in July, providing fresh evidence that its battered housing market is recovering, statistics indicate. The 38,181 mortgage loans approved...
Big News Network

Bank profits on mortgages reach record level
Profits on fixed rate mortgages hit record level as difference between cost of lending and home loans reaches a 21year high.
Telegraph

Mark up on fixed-rate mortgages hits new high - Times Online
END: Module - M24 Article Headline with no image --> BEGIN: Module - Main Article --> Britain’s banks and building societies are refusing to cut the cost of fixed-rate mortgage...
Big News Network

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