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Lanesborough REIT announces closing of public offering of second mortgage bonds and warrants (CNW Group via Yahoo! Finance)

Lanesborough Real Estate Investment Trust announced today that it has closed its previously announced public offering of investment units , each Unit is comprised of one 5 year 9% second mortgage bond in the principal amount of $1,000 and 1,000 trust unit purchase warrants .

U.S. MBA Mortgage Applications Index Rose 0.5% Last Week (Bloomberg)

March 10 (Bloomberg) -- Mortgage applications in the U.S. rose for a second week, led by an increase in purchases that may indicate the renewal of a homebuyer tax credit is starting to invigorate demand.

Nationalized UK lender Northern Rock says it returned to profit in second half of 2009 (Minneapolis-St. Paul Star Tribune)

LONDON - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell.

Second concessionary loan to help people manage mortgage obligations (Channel NewsAsia via Yahoo! Asia News)

SINGAPORE: Senior Minister of State for the Ministry of National Development & Ministry of Education Grace Fu said the recent announcement to extend a second loan to more HDB flat buyers is to help manage their mortgage obligations and not to encourage property speculation.

Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets (Bloomberg)

March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches.