Mortgage prices will rise with lenders cashing in on rival's turmoil, says HBOS chief (Guardian Unlimited)
Andy Hornby, the boss of Britain's biggest mortgage lender HBOS, predicted yesterday a "fundamental shift" in the lending markets that will leave homeowners paying considerably more for new loans than they have in recent years.

Lender Lead Solutions First to Announce HECM Reverse Mortgage Based on the LIBOR Index (Business Wire via Yahoo! Finance)
MELVILLE, N.Y.----Lender Lead Solutions, a comprehensive reverse mortgage services company, announced the introduction of a Home Equity Conversion Mortgage based on the London Interbank Offered Rate index.

London midday: Blue chips lifted by banks rally (ShareCast via Yahoo! UK & Ireland Finance)
London's mortgage banks are keeping spirits up today, with bid speculation about Northern Rock and the other mortgage lenders overshadowing losses among the oil majors.

Politicians save homeowners from jaws of lenders (New York Daily News)
Sen. Jeff Klein and fellow legislators have been conducting hearings, where horror stories of homeowners preyed upon by predatory lenders have come to light.

No tax deduction if you don't pay the mortgage (Reno Gazette-Journal)
DEAR BOB: I am planning on selling my home and buying another. My daughter is willing to move in with me. I would like to add her name to the deed so she can deduct half of the home's mortgage interest and property taxes on her income tax each year. Can this be done if I add her to the deed but not to the mortgage? -- Shirley McW.