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NovaStar will buy Indiana firm's mortgage unit (bizjournals.com via Yahoo! Fi...
NovaStar Mortgage Inc. will buy as many as 21 retail mortgage lending locations and other assets from Oak Street Mortgage LLC for an undisclosed amount.

Take care prepaying mortgage (NorthJersey.com)
If you've read this column for a while, you know I've often urged readers to think about making extra mortgage principal payments. This can dramatically cut the amount of interest you pay over the life of the loan and allow you to pay it off years early.

KC firm buys part of Carmel's Oak Street Mortgage (The Indianapolis Star)
Oak Street Mortgage LLC of Carmel is selling up to 21 retail mortgage lending locations and other assets to NovaStar Mortgage, Inc. of Kansas City.

Met Mortgage begins mailing checks (KXLY-TV Spokane)
SPOKANE -- Checks were mailed Tuesday to thousands of people who lost money in the bankruptcy of Spokane-based Metropolitan Mortgage and Securities. The initial payback was higher than first estimated. Metropolitan noteholders are receiving about 9 cents on the dollar.

Confused by all the Mortgage Options? Here's Help (Kewanee Star Courier)
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan.

Mortgage fears as inflation rises (PA via Yahoo! UK & Ireland News)
Homeowners are gearing up for another hike in mortgage rates after inflation rose to its joint highest level since Labour came to power nine years ago.

NovaStar Mortgage, Inc. Agrees to Purchase Retail Mortgage Lending Assets Fro...
NovaStar Mortgage, Inc., and Oak Street Mortgage LLCtoday announced that NovaStar Mortgage, the primary loan originationunit of NovaStar Financial, Inc. (NYSE: NFI) has agreed to acquire upto 21 retail mortgage lending locations and certain other assets ofOak Street.

Your Money Matters: Dealing with Rising Mortgage Interest Rates (Stuttgart Da...
(ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans their home equity represents the cornerstone of their personal wealth.

On Personal Finance | You will pay for mortgage broker's help (The Philadelph...
Question:I am shopping for a house. Should I get a mortgage directly through a bank or my credit union? Or should I use a mortgage broker?

OJB to launch Ft 300 bln mortgage bond program (Budapest Business Journal)
OTP Mortgage Bank Zrt (OJB) announced on Tuesday it will launch a Ft 300 billion mortgage-backed bond program.