Today's Mortgage News

Jumbo mortgages caught up in subprime fallout -- For months, mortgage lenders have been backing away from borrowers with spotty credit, all but closing down the so-called subprime mortgage market. >> more

Brighter prospects spark mortgage race -- Competition in the home mortgage segment has picked up thanks to improved sentiment in the property market. Improved economic growth, new mass-transit programs and the government's property stimulus package last month have all helped expand activity in the market >> more