New York Mortgage News

The Latest News and Developments For
Mortgages in New York

Home Mortgage's Latest Breaking News

• Nearly 25% of all mortgages are underwater CNN Money - Feb 23 11:19 AM More bad news on the housing bust front: Nearly 25% of all mortgage borrowers were underwater, meaning they more on their loans than their homes are worth.
  
  
• High-Scoring Borrowers Pay Cards Ahead of Mortgages (Update2) BusinessWeek - 2 hours, 4 minutes ago Consumers with high credit scores are more likely to default on mortgages than credit-card loans, said FICO, maker of the scoring formula most widely used by U.S. lenders.
  
  
• Bank of America CEO Moynihan: Bank willing to listen on mortgages The Charlotte Observer - Feb 23 12:09 PM Bank of America CEO Brian Moynihan acknowledged that some struggling homeowners wont be helped by any of the current programs that are meant to rescue them. And he said the bank is willing to listen to any good ideas on how to help them.
  
  
• Newcastles launches 90 per cent mortgages Mortgage Introducer - Feb 23 12:20 AM The new mortgage range has been set up to help people overcome the difficulties they currently face in gaining a mortgage to purchase property and is particularly ideal for first time buyers.
  
  
• Reverse mortgages can be useful, but do your research KIVI Boise - Feb 22 12:04 PM Reverse mortgages can provide income and a peace of mind for eligible seniors. Before you take one out however, be sure that you have a realistic understanding of what is involved.
  
  

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