Tiger gets $54M mortgage on Fla. estate – Chicago Sun-Times

Tiger Woods has taken out a $54.5 million mortgage on a Florida waterfront estate. Mortgage documents filed last month in Martin County show Woods will make payments … Elin Nordegren, in their divorce. No details …
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More Mortgage Stuff:

Mortgage debt falls at record pace – Chicago Sun-Times
Americans are reducing mortgage payments at a record clip, directing cash that once went for debt into consumer spending and savings. Low interest rates, defaults and refinancings have shaved more than $100 billion off the nation’s annual mortgage bill … Go to Source…

Bond insurer MBIA reports smaller 4th-qtr loss of $242 M as mortgage … – Chicago Tribune
ARMONK, N.Y. (AP) — MBIA Inc. says its fourth-quarter loss narrowed, although losses from mortgage-related securities continued to hammer the bond insurer. For the final three months of 2009, MBIA lost $242 million, or $1.16 per share. That’s less … Go to Source…

30-year mortgage rate reaches 4.8% – Chicago Sun-Times
The average rate on a 30-year fixed mortgage rose for the second week in a row, buoyed by higher bond yields. Freddie Mac said Thursday that the average rate rose to 4.80 percent this week from 4.74 percent the previous week. The average rate on the 15 … Go to Source…

30-year mortgage rate reaches 4.8% – Chicago Sun-Times
The average rate on a 30-year fixed mortgage rose for the second week in a row, buoyed by higher bond yields. Freddie Mac said Thursday that the average rate rose to 4.80 percent this week from 4.74 percent the previous week. The average rate on the 15 … Go to Source…

Understand reverse mortgage options – Chicago Sun-Times
If you know a senior homeowner who is running out of money, a reverse mortgage might generate enough cash to allow them to stay in their home for many more years. Last fall the Federal Housing Administration created new rules, and opportunities, for lower … Go to Source…

Mortgage rates  stay near 4 percent – Chicago Sun-Times
WASHINGTON — The average rate on the 30-year fixed mortgage hovered above its record low for a fifth straight week. Despite the great opportunity, few have the means or stomach to buy or refinance in the depressed housing market. Freddie Mac … Go to Source…

East Norriton hospital project gets mortgage insured – Norristown Times Herald
EAST NORRITON — A subsidized, federal mortgage loan program has agreed to insure a $292.5 million mortgage loan that will finance construction of the proposed 146-bed hospital at the former Wood’s Golf Center. Construction on the hospital was initially expected to start this winter but will now … Go to Source…

Real Estate Tax Mortgage Calculators
Today, the asking price of most properties is quite large and usually beyond the normal means of the consumer. This is why a lot of people apply for a loan in order to acquire property. To pre-qualify yourself for such a loan, you would need the help of a real estate tax mortgage calculator. A real estate tax mortgage calculator can calculate a number of things that pertain to mortgages. One of th…

Five charged in $9 M multi-county mortgage scam
Five people, including a Westchase couple, filed 50 fraudulent mortgage loan applications over a five-year period to take advantage of the state’s real estate boom, the Florida Department of Law Enforcement said. Go to Source…

The Mortgage Network of Ohio Expands To Include Full Real Estate Service Options – YAHOO!
Building on company successes in the mortgage industry, The Mortgage Network of Ohio announces the upgrade of company services to include both finding and financing a new home. Navigating the real estate landscape over the past several years is tedious at … Go to Source…

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