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Archive for the ‘Mortgage’ Category:

Freddie Mac drops mortgage rates to 1951 levels: 30 yr at 4.19%

By Lisa M Loeffler on October 14th, 2010
Mortgage interest rates continue their descent into record territory, with the 30-year fixed-rate loan dropping to an average of 4.19% this week from 4.27% a week earlier, according to the latest Freddie Mac survey of lender offering rates. Fifteen-year fixed-rate loans fell from 3.72% to 3.62%, the giant home finance company said Thursday. The rates ... [Continue Reading]

Mortgage Fraud Is Rising, With a Twist

By Lisa M Loeffler on August 23rd, 2010
New data suggests that mortgage fraud—which got tougher to pull off after the collapse of the U.S. real estate market—is returning in a big way. ... [Continue Reading]

‘Fundamental Change’ for Fannie and Freddie

By Lisa M Loeffler on August 18th, 2010
With sweeping financial reform legislation enacted, the White House and Congress now must focus on fixing the mess created by the failed housing finance giants Fannie Mae and Freddie Mac. ... [Continue Reading]

7 Things All Borrowers Should Know About FHA Loans

By Lisa M Loeffler on July 5th, 2010
FHA Pros, LLC, a national FHA condo approval service, has developed a list of facts speaking to the top misconceptions associated with FHA loans in order to help home buyers better navigate an already confusing market. FHA loans are mortgages issued by qualified lenders and insured by the Federal Housing Administration (FHA). “We have seen ... [Continue Reading]

Permanent Mortgage Modifications Up in April 2010

By Lisa M Loeffler on May 19th, 2010
The Obama administration recently announced that its program to prevent foreclosures has continued to make slow but steady progress, with the number of homeowners who have received permanently modified mortgages up about 13% in April 2010. ... [Continue Reading]

Mortgage Rates at Lowest Level in 6 Weeks

By Lisa M Loeffler on May 10th, 2010
Freddie Mac recently released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.00% with an average 0.7 point for the week ending May 6, 2010, down from last week when it averaged 5.06%. Last year at this time, the 30-year FRM averaged 4.84%. ... [Continue Reading]