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James Kimmons

Mortgage News 1/16/2013

By January 16, 2013

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Check these posts: LendingTree Survey Reports Only 1 in 3 Borrowers Refinance into a Shorter ... - The Herald | HeraldOnline.com on Jan 16, 2013 at Mortgage News:

LendingTree Survey Reports Only 1 in 3 Borrowers Refinance into a Shorter ...
The Herald | HeraldOnline.com
"Current economic conditions are driving borrowers to focus primarily on lowering the monthly payment and they may be overlooking the traditional benefits of shorter-term mortgages such as paying off the loan faster, paying less towards interest and ...

and more »

Wells Fargo's Interest Margin Concerns Overshadow Record Results - Forbes on Jan 16, 2013 at Mortgage News:

Forbes

Wells Fargo's Interest Margin Concerns Overshadow Record Results
Forbes
Our analysis of Wells Fargo - illustrated in the chart above - shows that half of the bank's value comes from three of its business divisions: mortgages, loans and credit cards. And these business rely heavily on interest rates as the interest income ...
Mortgage Worries Overshadow Wells Fargo's (WFC) Strong Fourth-Quarter ...InvestorGuide
Bank Stocks at Crucial Crossroads 2013The Market Oracle
Banks prepare for earnings; mortgages cast a pallDailyFinance
Seeking Alpha -Minyanville.com
all 155 news articles »

Mortgage application volume surges in second week of 2013 - AGBeat on Jan 16, 2013 at Mortgage News:

Christian Science Monitor

Mortgage application volume surges in second week of 2013
AGBeat
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) remained unchanged at 3.61 percent, with points decreasing to 0.38 from 0.41 (including the origination fee) for 80 percent loan-to ...
New Year Brings Jump in Mortgage ApsMortgageLoan.com
US mortgage applications up 45% in latest weekMarketWatch
Mortgage Applications Rise Sharply Again24/7 Wall St.
Christian Science Monitor
all 16 news articles »

Mortgage Interest Rates at US Bank Looking Good - Tell Me News on Jan 16, 2013 at Mortgage News:

Tell Me News

Mortgage Interest Rates at US Bank Looking Good
Tell Me News
Today's best mortgage rates don't come from a big, but not the biggest, mortgage lender. The best 30 year loan interest rates at US Bankcorp (NYSE:USB) are available starting at 3.250% today yielding an APR of 3.472%. The FHA version of the 30 year ...
PHH Mortgage Leads in Interest Rates for RefinancePress Blue
US Bank Mortgage Rates Top Bank of AmericaWorld News Resource
CitiMortgage and Chase Bank Mortgage Rates a Dead HeatEagle's Rant
Telegraph.co.uk -AOL Real Estate (blog) -LoanRateUpdate (press release)
all 69 news articles »

Brownback budget would eliminate mortgage interest deduction - Kansas City Star on Jan 16, 2013 at Mortgage News:

Kansas City Star

Brownback budget would eliminate mortgage interest deduction
Kansas City Star
Kansas Gov. Sam Brownback is proposing to eliminate a popular state income tax deduction for interest paid on home mortgages to help close a budget shortfall. Brownback on Wednesday outlined his budget proposals for the two years beginning in July.
Kan. governor proposes nixing mortgage deductionCt Post

all 238 news articles »

JPMorgan Chase Reports Fourth-Quarter 2012 Net Income of $5.7 Billion, or ... - MarketWatch (press release) on Jan 16, 2013 at Mortgage News:

ValueWalk

JPMorgan Chase Reports Fourth-Quarter 2012 Net Income of $5.7 Billion, or ...
MarketWatch (press release)
With respect to Chase-owned mortgages, through modifications and short-sales, we have effectively forgiven more than $10 billion of principal and reduced borrowers' interest payments by approximately $2 billion. Our efforts are not only helping people ...
Fulton Financial Reports 2012 EarningsEquities.com

all 34 news articles »

Information About Reverse Mortgages--Presented by Red Blue Realty - Equities.com on Jan 16, 2013 at Mortgage News:

Information About Reverse Mortgages--Presented by Red Blue Realty
Equities.com
A reverse mortgage allows older homeowners to make use of the equity in their home without selling the property. The amount available for them to borrow depends upon their age, the equity in the home, and the current interest rate. Red Blue Realty ...
Solving Real Estate Dilemmas Faced By Sellers--Tips Presented By Red Blue ...DigitalJournal.com (press release)

all 3 news articles »

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