Mortgage applications up 112.1% last week, due to drop in rates: MBA – Market… Many borrowers missed an opportunity to take advantage when rates dropped sharply for a brief period when the GSEs were placed under conservatorship,” said Orawin Velz, associate vice president of economic forecasting for the association. GSEs refer … A Rush Into [...]
Latest News in Refinancing Home Mortgages – Nov 27, 2008
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Federal Reserve uses power to print money – Akron Beacon Journal WASHINGTON: The Bush administration had to strive mightily to win congressional approval of a $700 billion rescue package for the financial system. Now, with no muss and no fuss, the Federal Reserve has announced a program totaling $800 billion. What … Mortgage Lenders Report [...]
Latest News in Refinancing Home Mortgages – Nov 13, 2008
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Mortgage Applications Rise as Interest Rates Drop – CNBC The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended Nov. 7 increased 11.9 percent to 425.0, up from the previous week when the reading … US mortgage applications rise as interest rates [...]
Latest News in Refinancing Home Mortgages – Nov 6, 2008
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$300B mortgage-aid program has few takers – Newsday The government expects only 20,000 troubled borrowers will be able to refinance into more affordable home loans by next fall under a new mortgage-aid program passed by lawmakers over the summer. The $300-billion Hope for Homeowners program was … US Mortgage Applications Slump to 8-Year Low – [...]
Latest News in Refinancing Home Mortgages – Oct 30, 2008
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Latest News in Refinancing Home Mortgages – Oct 23, 2008
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FDIC’s Bair Suggests Guarantees for Loans – Wall Street Journal WASHINGTON — Federal Deposit Insurance Corp. Chairman Sheila Bair suggested the government give banks a financial incentive to turn troubled loans into more-affordable mortgages. Under the proposal, the government would share in any future losses on … US working on plan to help homeowners refinance [...]
Latest News in Refinancing Home Mortgages – Oct 16, 2008
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Homeowners Ask: Hey, Washington, a Little Help? – Time A foreclosure sign sits in front of a home for sale in Stockton, California. More than a year ? and a half a dozen rescue plans ? later, little progress has been made in turning the tide. The nation’s foreclosure rate has risen in every month [...]
Latest News in Refinancing Home Mortgages – Oct 9, 2008
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Mortgage Woes – BusinessWeek March 24 – With several housing numbers this week pointing to a further decline in real estate, we take the pulse of the mortgage market and the impact of subprime loans on the industry and on anyone looking to refinance or buy a home. We talk with a … Lehman, Merrill [...]
Latest News in Refinancing Home Mortgages – Oct 2, 2008
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Big homeowner rescue program kicks off – San Francisco Gate Thursday, October 2, 2008 The Hope for Homeowners program, or H4H, passed as part of a housing reform bill in July, authorizes the Federal Housing Administration to help troubled homeowners refinance into 30-year fixed-rate mortgages. The actual … Federal agency offers help fending off foreclosure [...]
Latest News in Refinancing Home Mortgages – Sep 25, 2008
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Fannie, Freddie takeover drops mortgage rates – Baltimore Sun WASHINGTON – Mortgage rates fell sharply yesterday as investors reacted to the government’s takeover of Fannie Mae and Freddie Mac . The average interest rate for a 30-year fixed rate mortgage dropped 0.3 percent to 6.04 yesterday, according to HSH … UPDATE 2-U.S. court sides with [...]
