Leading Mortgage Payment Protection Insurance Provider Amends Rates (PRWeb via Yahoo! News) A Leading UK provider of Mortgage Payment Protection Insurance (Accident, Sickness and Unemployment) has announced it will increasing rates from Monday 13th October. The increases are as a result increased unemployment claims and will hit UK consumers in the pocket as the economy worsens.

Q: If the bank that lent me my mortgage is bought, what happens to my loan? (Louisville Courier-Journal) A: Assuming the bank still holds your mortgage, you'll get payment information from the new owner.

McCain faces conservative backlash over mortgage plan (CNN) John McCain is facing a fresh round of anger from members of his own party deeply opposed to the Arizona senator's proposal for the federal government to purchase troubled mortgage loans.

Real Estate Weekly: Nearly 25 million U.S. households feel no mortgage pinch (Market Watch) Mortgage payments aren’t the only housing costs that consumers are struggling with these days.

McCain's Mortgage Plan Calls for Lowering Rates for Homeowners (Bloomberg) Oct. 10 (Bloomberg) -- Republican John McCain 's plan to refinance distressed home loans includes cutting mortgage rates to just above 5 percent for troubled borrowers, an adviser said.

McCain Mortgage Plan Draws Doubts (CBS News) The few details that have emerged about John McCain's mortgage proposal have led some mortgage industry experts to criticize the plan as flawed and say that the $300 billion estimate is unrealistic, writes the Washington Post .

Banks trim prime rate as Ottawa offers mortgage relief (CTV British Columbia) Canada's big banks are lowering their prime lending rates in response to an announcement Friday that the federal government will buy $25 billion worth of mortgage debt to help free up credit markets.

Will mortgage plan help you? (The Nashua Telegraph) The prospect of mortgage debt forgiveness will entice hundreds of thousands of homeowners into picking up the phone to play the home-preservation game of "Let's Make a Deal," beginning this fall. The federal government's Hope for Homeowners plan started Oct. ...

Judge orders mortgage scammers to pay $5.4 million (Pioneer Press) A federal judge Thursday ordered five people and a defunct corporation to pay more than $5.4 million to victims in what has been called the state's biggest mortgage fraud case.

Choosing the Right Mortgage (BellaOnline) It’s in the news and everywhere we turn. It’s all about the mortgage industry and how it is falling apart. The reality is that the unconventional types of mortgages have created problems and are probably a thing of the past.