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Homeowners in mortgage modification program may see credit scores drop (Stuart News)

More than 720,000 Americans have asked lenders to modify their mortgages on the strength of the government’s Making Home Affordable program.But a program lauded as a homeowner’s helper contains what could be a nasty surprise for thousands of mortgage borrowers current on their house payments.If you accept a modification through Making Home Affordable, you’ll probably pay for it with a lower …

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Homeowners in mortgage modification program may see credit scores drop (Stuart News)

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British homeowners continue to trim mortgage debt (Guardian Unlimited)

• Survey finds mortgage debt fell by £4.9bn in third quarter • Britons increasingly shun personal loans and credit cards Britons reduced their outstanding mortgage debt by £4.9bn during the third quarter of the year, figures from the Bank of England showed today. The amount of money people unlocked from their homes was negative for the sixth quarter in a row, as the economic downturn, combined …

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British homeowners continue to trim mortgage debt (Guardian Unlimited)

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Rising mortgage rates will test housing market (Los Angeles Times)

The interest rate for a 30-year loan ticks up to 5.14%, the fourth consecutive weekly increase. Mortgage rates are continuing their creep upward in a trend that well may choke off a recent refinancing boom and provide a test of the strength of the housing market in 2010.

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Rising mortgage rates will test housing market (Los Angeles Times)