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Mortgage demand grows, even as the average 30-year mortgage rate rises Applications for home mortgages increased last week as both home purchases and refinancing picked up despite a rise in fixed-rate mortgage rates, an industry group said Wednesday. California lawmakers question risky mortgage lending practices California lawmakers on Wednesday began considering restrictions on unorthodox mortgage-lending practices that have allowed hundreds of thousands of Californians to buy homes they otherwise could not afford. Mortgage applications rise 3.2% WASHINGTON (MarketWatch) -- The number of applications for mortgage loans filed with major U.S. banks increased by a seasonally adjusted 3.2% last week compared with a week earlier, the Mortgage Bankers Association reported Wednesday. Risky mortgage lending practices bring backlash SACRAMENTO (AP) - California lawmakers are considering new restrictions on unorthodox mortgage lending. The loans have let hundreds of thousands of residents with shaky credit or lower incomes snap up homes using features like no money down, variable interest rates and interest-only loans. Risky mortgage lending practices bring backlash SACRAMENTO California lawmakers are considering new restrictions on unorthodox mortgage lending. Prudential Mortgage Capital Company Announces Appetite for $12.5 Billion in 2007 On the heels of originating a record $11 billion in commercial mortgages in 2006, Prudential ( Nachrichten / Aktienkurs ) Mortgage Capital Company announced today that it has raised its appetite for business in 2007 to $12.5 billion in loans across its growing range of capital sources. Mortgage Applications Rise 3.2% The number of applications for mortgage loans filed with major U.S. banks increased by a seasonally adjusted 3.2% last week from a week earlier, the Mortgage Bankers Association reported Wednesday. Mortgage Activity Rebounds (RTTNews) - The volume of mortgage loan applications rebounded in the most recent week, helped by an improvement in refinancing activity. Purchase activity also picked up during the period. Mortgage repossessions leap 65% Council of Mortgage Lenders predicts further rise this year on back of higher interest rates. Mortgage money available for Katrina victims Approximately 450 Mississippi families, many in the states six coastal counties, are eligible for special-rate mortgage lending now available to buy a home. | ||