Virginia home loans and mortgage news

The Latest News and Developments For
Virginia Mortgages

Mortgage Latest Breaking News

• Mortgage relief, doctors' fees, terrorist eavesdropping top lawmakers' summer to-do list  Minneapolis-St. Paul Star Tribune - Jul 06 5:19 AM WASHINGTON - Democrats bent on showing they can govern and Republicans anxious about a sour re-election climate are pushing a pared-down summer agenda in Congress.



• As foreclosures rise, mortgage assistance tapers off  Houston Chronicle - Jul 05 10:45 PM The pace of the mortgage industry's efforts to assist troubled borrowers declined in May, as critics questioned lenders' progress in aiding U.S. homeowners facing foreclosure.



• Mortgage rates fall on Fed reassurance  Fort Wayne Journal Gazette - Jul 06 3:23 AM WASHINGTON Rates on 30-year mortgages, which had been rising for five straight weeks, posted a decline last week as signals from the Federal Reserve eased worries about imminent rate increases.



• Banks tighten mortgage loan requirements  The Plain Dealer - Jul 05 9:18 PM Until about 18 months ago, you could buy a home with no down payment, a lousy credit rating and no proof of income. It's a whole new world now. If you haven't bought or refinanced a home in a while, you may not realize how much banks have tightened up.



• Mortgage crisis staggers high-end developments  Arizona Daily Star - Jul 06 12:28 AM PARK CITY, Utah With the developer forced into bankruptcy, Hugh Smith worries about the $1 million he and a partner sunk into bare lots at Promontory, a half-built, sprawling residence club in a post-Olympic town saturated with second homes for wealthy baby boomers.

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