Belfry Montana Lenders

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Features
Northern Rock extends repossessions grace period (AP)
AP - Northern Rock, the nationalized mortgage lender, said Wednesday it would wait at least six months before moving to repossess homes when payments fall behind.
 
RBS to give struggling homeowners more time to pay (AP)
AP - Royal Bank of Scotland Group PLC said Monday it would give homeowners who miss mortgage payments at least six months before starting repossession action — double the three months it used to give.
 
Beazer Homes 4Q loss balloons as revenue plunges (AP)
AP - Homebuilder Beazer Homes USA Inc. gave Wall Street a double-shot of discouraging news Tuesday: Its fiscal fourth-quarter loss more than tripled from a year ago and it expects to lose money throughout 2009.
 
Mortgage application, refinance volume surge (AP)

AP - Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly application survey.

 
U.S. working on affordable mortgage plan: sources (Reuters)
Reuters - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday.
 
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