Mortgage rates closing in on record lows - Houston Chronicle

May 31st, 2010 by admin

lovemoney.com
Mortgage rates closing in on record lows
Houston Chronicle
The premium that borrowers pay to take out “jumbo” loans for more expensive homes has dropped by a full percentage point since late 2008,
Slash years off your mortgagelovemoney.com
A 5-year fixed rate will save you moneylovemoney.com
Good Deals For BorrowersGoRemortgage (blog)

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Owners Stop Paying Mortgage … And Stop Fretting About It - New York Times

May 31st, 2010 by admin

New York Times
Owners Stop Paying Mortgage … And Stop Fretting About It
New York Times
There is no question, though, that for some borrowers in default, foreclosure is only a theoretical threat for a long time. More than 650000 households had

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JIM FLYNN: Code seeks to keep appraisal process an independent one - Colorado Springs Gazette

May 30th, 2010 by admin

Washington Times
JIM FLYNN: Code seeks to keep appraisal process an independent one
Colorado Springs Gazette
Mortgage loans being made en masse to borrowers who couldn't pay them back was facilitated by a system that offered generous compensation to people who put
Fannie Mae's loan quality initiative: another potential snag with financingBoston Globe (blog)
Reforming Fannie and Freddie: No Escape for TaxpayersThe Atlantic
Credit Standards Stiffen: What You Need to KnowHousing Watch
Mortgage Rates & Trends (blog) -Housing Wire -Town Hall
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Mortgage rates boost lending - Myrtle Beach Sun News

May 29th, 2010 by admin

Washington Times
Mortgage rates boost lending
Myrtle Beach Sun News
Those borrowers could have to put a lot of money into getting a new loan, he said. The lower mortgage rates do help more home buyers qualify for a loan,
Fannie Mae's loan quality initiative: another potential snag with financingBoston Globe (blog)
Credit Standards Stiffen: What You Need to KnowHousing Watch
New Fannie Mae Regulations Could Pose Problems For Borrowers and LendersMortgage Rates & Trends (blog)
Housing Wire -Town Hall
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30-year fixed mortgage rate falls to near record lows - Los Angeles Times

May 28th, 2010 by admin
30-year fixed mortgage rate falls to near record lows
Los Angeles Times
"Just when we thought we were finally experiencing [higher loan rates], we got the PIGS," said Stew Larsen, head of mortgage operations for Bank of the West
Mortgage rates are back near record lowThe Associated Press
Mortgage Lenders Seek Relief on Bad Debt RepurchasesBusinessWeek
Mortgage rates hit new lowmoneyfacts.co.uk
MyIntroducer.com -Boston Globe (blog)
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Mortgage Rates Fall to 4.8%, Home Buyers Still Scarce - Wall Street Journal (blog)

May 27th, 2010 by admin

The Business Insider
Mortgage Rates Fall to 4.8%, Home Buyers Still Scarce
Wall Street Journal (blog)
While rates on 15-year fixed-rate loans rose to 4.25% from 4.19%, the average fees charged to borrowers fell, effectively lowering the rate.
Purchase-loan demand at 13-year lowInman.com
How Home Loan Rates are affected by European Financial CrisisCredit Loan (blog)
Where to get a poor credit or bad credit mortgage refinance loanMortgage11
Examiner.com -Gather.com -NY Breaking News (blog)
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Three mortgage relief workshops set for next week - Contra Costa Times

May 27th, 2010 by admin

Bakersfield Now
Three mortgage relief workshops set for next week
Contra Costa Times
Borrowers whose loans are not held by the more than 10 participating mortgage companies will be assisted by nonprofit housing counselors certified by the
6 New Hurdles For Home FinancingSan Francisco Chronicle
Refinance into Low Mortgage Rates with HARPMortgage Rates & Trends (blog)
Loan Modification Program To Save Foreclosure of HouseMortgage11
Gather.com -Subprime Blogger (blog) -TREND
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Lenders Flouted Risks During Boom - Wall Street Journal

May 27th, 2010 by admin
Lenders Flouted Risks During Boom
Wall Street Journal
Mortgage lenders also were less equipped than they believed to gauge the risks of looser mortgage standards amid a housing bubble. Riskier types of loans
MBA Report Blames Risk Management Issues For The Economic CrisisMortgageorb
MBA study looks at risk management practices that contributed to housing crisisNational Mortgage Professional Magazine
Ignore Cassandra at Your Own RiskWall Street Journal (blog)

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Senate, House financial overhaul targets lending practices of mortgage crisis - Washington Post

May 27th, 2010 by admin
Senate, House financial overhaul targets lending practices of mortgage crisis
Washington Post
One of the key provisions deals with the compensation of loan officers and mortgage brokers, who act as middlemen between borrowers and lenders.
Fannie Mae's loan quality initiative: another potential snag with financingBoston Globe (blog)
FHA Mortgages: Get a Good Deal While You CanHousing Watch

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Underwriting Changes Could Squeeze Out Military Borrowers - Real Estate News | BiggerPockets.com (blog)

May 14th, 2010 by admin

eCreditDaily.com
Underwriting Changes Could Squeeze Out Military Borrowers
Real Estate News | BiggerPockets.com (blog)
Jeff Merkley (D-Oregon), the amendment bans the flimsy “liar loans” that required no real documentation and eliminates bonuses for mortgage brokers who
Senate votes to ban certain bonuses for mortgage brokers, loan officersLos Angeles Times
Amendment to financial reforms approved, while debt management plan could help Debt Consolidation Connection
US eyes ban on mortgage 'liar loans'Financial Times
The Associated Press -Housing Watch -St. Cloud Times
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