low rates spur mortgage inquirieslower interest rates boost consumer interest in mortgage loans, especially refinancings.economically stable s.d. can skirt mortgage reliefas the u.s. housing market remains mired in deep and ongoing troubles, south dakota is bucking the malaise with one of the lowest mortgage foreclosure rates in the nation. in october, the mount rushmore state ranked 47th in the nation for mortgage foreclosures, according to realtytrak. the california-based company reported this week the number of foreclosures nationwide rose 25 percent in ...asia markets: sector turns up as mortgage applications surgeshares of u.s. financial stocks reverse early losses as data show mortgage refinancing applications rose sharply, suggesting capital may be flowing better to homeowners and providing some support for weak home prices.investor sues to block mortgage modificationsthe battle over the mass modifications of troubled mortgages has begun in earnest. on dec. 1, william frey, a private investor in mortgage-backed securities, filed a lawsuit in new york state supreme court alleging that the proposed modification of some 400,000 home loans originally underwritten by the defunct lender countrywide financial is illegal. |
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