home equity loan lenders

NEW YORK, Jan 8 (Reuters) - The average interest rate on 30-year U.S. fixed-rate mortgages dropped to a 38-year low of 5.01 percent in the latest week, after the Federal Reserve launched its mammoth plan to lower home borrowing costs, Freddie Mac ...

CORRECTED - UPDATE 2-US mortgage rate drops 10th week, to record low - Reuters UK

Borrowers are rushing to refinance their mortgages at record low interest rates but face unexpected delays as swamped lenders struggle to cope with the surge at a time when layoffs have sharply cut staffing. Bank of America , which started shedding 7 ...

Lenders Are Backlogged by Refinancing Rush - Washington Post

The chain, known for the fleet of liveried Minis used by its staff, has broken one of the terms of its £260m of bank loans following the collapse in its commission income. But its current owner, private equity firm BC Partners, has refused to ...

Foxtons under threat as bail-out rejected - This is Money

The economic turmoil of 2008 has left few bright spots, but here's one: Mortgage rates have plummeted. Rates on 30-year, fixed loans are hovering around 5 percent - the lowest level since Freddie Mac began tracking rates in 1971. Some economists ...

As loan rates fall, homeowners consider refinancing - Record Searchlight

Steve Donahue says loan applications at Tech Credit Union are up more than 1,000 percent compared to a year ago. A “tremendous” surge in residential mortgage applications is a welcome boost not only for a battered industry, but also for an ...

Home loan applications pile up - San Jose Business Journal

DETROIT - GMAC will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp. vehicles, and it will stop financing leases under a complex deal to get federal aid for the troubled lender. GMAC LLC disclosed ...

GM dealers to arrange customer loans from lenders other than GMAC - Chicago Tribune

Jan. 2 (Bloomberg) -- Investors led by Steven Mnuchin , a former Goldman Sachs Group Inc. executive, agreed to buy IndyMac Bank from the Federal Deposit Insurance Corp. and inject $1.3 billion in cash, a rare sale of a failed lender to non-bank ...

Mnuchin, Paulson & Co. in Group Buying IndyMac Bank (Update2) - Bloomberg

(Reuters) - Fannie Mae, the largest U.S. home funding company, believes that failed mortgage lender IndyMac has obligations to repurchase around $1 billion of home mortgages that failed to meet Fannie's standards, the Wall Street Journal said, citing ...

Fannie says IndyMac has $1 bln in mortgage obligations: report - Reuters

Institutional investors are looking to take advantage of depressed housing prices and the rebound that could follow. Sco... PE Firms Buying Bad Mortgag... Private Equity firms are starting to buy up bad mortgages from the FDIC, and this could help ...

Housing Video Gallery - CNBC

In residential real estate, 2009 arrives much the same way that 2008 did: via a rocky road with deepening potholes. While more homebuyers are swooping in and picking up great deal, and sales are slowly increasing in many markets, the ongoing excess ...