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Home mortgage financed by a bank vs. credit union?
In the near future (early 2008), I hope to purchase my first home. However, I would like to know if there is a difference between a traditional bank (as Wachovia and Regions) and credit unions as far as mortgage programs and qualification requirements? I am a member of both, but have heard it is harder to qualify at traditional banks vs. a credit union. Does anyone have any comments or personal experiences? Thanks!

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Question about home mortgage financing??
I am currently in a $105k new construction house and haven?t made any upgrades in the 3 years I have lived there. If I were to sell it for less than I bought it for like let?s say $95k (for example), for story sake lets rule out any principal $$ that is secured towards the actual house - and in turn find a $60k house where does that $10k from my last mortgage go? Is that $10k able to transfer into the new mortgage of the $60k home mortgage making it $70k or is that a separate loan in itself? I have a feeling I?m going to be eating some costs to get rid of my home to purchase a bigger & older home but where does that cost essentially go? How is it accounted for, and is it transferable? Just curious? Any insight would be deeply appreciated. Thanks in advance!!

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How many US auto loans and home mortgages financed by banks are out there?
I'm trying to discover the # of US home mortgages and auto loans financed by banks in the US and the average value of each type of loan. It's for a school project.

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Ally CEO Carpenter Says IPO on Hold Until Mortgage Woes Ease - San Francisco Chronicle


Ally CEO Carpenter Says IPO on Hold Until Mortgage Woes Ease
San Francisco Chronicle
Ally posted a $250 million loss after absorbing $270 million of expected penalties tied to foreclosures by Residential Capital LLC, or ResCap, the Detroit-based lender's mortgage unit, according to a statement. The firm may seek bankruptcy for ResCap ...

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BS People: Sanjay Shukla - Business Standard


<B>BS People:</B> Sanjay Shukla
Business Standard
At Citibank, he set up the foreign lender's mortgage business across non-metro cities in India. He was also the first employee at Tata Capital Housing Finance. He joined ING Vysya Bank as he believes that the private lender provides growth ...

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The downside of mortgage guarantees - Hindu Business Line


The downside of mortgage guarantees
Hindu Business Line
There is no substitute to painstaking loan appraisal by the lender. Mortgage insurance was earlier held up as one, but there aren't many takers for it in India, though that would make life a lot easier for mortgage finance companies.

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