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mortgage rates rise to the highest level in a year

mortgage rates took a big jump this week, to their highest point in a year. there's no single explanation for the rise.

mirvac freezes mortgage funds on $227 million impaired loans

aug. 1 (bloomberg) -- mirvac group , an australian real estate investment trust, stopped redemptions for three mortgage funds holding more than a$243 million ($227 million), as investors seek to pull out of property assets amid the global credit crisis.

state employees' Credit Union Rolls out Consumer-Friendly Reverse Mortgage

state employees' Credit Union (SECU) is pleased to announce a consumer-friendly reverse mortgage designed to help senior members utilize the wealth in their homes in the best manner. Setting it apart from other industry-standard reverse mortgages, the Credit Union loan offers a fixed, stable rate of interest, a simple interest accrual method, a low origination fee of 1%, no mortgage insurance ...

mortgage brokers shun state exam

indiana's secretary of state warned mortgage brokers earlier this month that they would lose their licenses if they didn't pass a state-required test by aug. 5.