Mortgage Loans

More than 95 percent of refinancing borrowers chose fixed-rate mortgages in the fourth quarter, according to Freddie Mac. Borrowers preferred fixed-rate loans regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate mortgage.  

Operators of Californian Mortgage Loan Modification Business Admit Guilty to ...LoanSafe(Source: FBI) – Three individuals charged with conspiracy to commit wire fraud and mail fraud for their roles in operating a fraudulent mortgage loan modification business pled guilty today in federal court in San Diego, announced United States ...Operators of Mortgage Loan Modification Business Plead Guilty to Conspiracy to ...RealEstateRama (press release...  

Evidently people learned something from that whole adjustable-rate-mortgage/housing-bubble fiasco. Freddie Mac reports that in the fourth quarter of 2011,  95 percent of refinancers chose fixed-rate loans. And many people also chose to shorten their loan term.  

The Federal Housing Administration (FHA) insures lenders against the risk of borrower default.  While it does not make loans itself, it sets guidelines for the mortgages it will insure.  Throughout the previous decades and in the buildup to the housing bubble, the FHA played a relatively minor role in the market for mortgages.  However, with the housing bust, the retrenchment of Fannie Mae and Freddie Mac, and the wariness of private lenders...  

Ever want to calculate an interest rate that best meets your financial goals while at your daughter’s dance recital? What about trying to figure out the best term to pay off your mortgage and save the most money when you’re in line at the grocery store? Have no fear because the Quicken Loans Mortgage Calculator is now here!  

A lot of people would like to refinance from a higher interest mortgage rate to the record low rates we've seen for some time but have been unable to do so for a variety of reasons. With HARP II starting in March, the $26 billion mortgage settlement of the other day and other programs, some (but not enough) homeowners will now be able to refinance.FHA loans have been difficult to refinance due to a little known roadblock known as a "Compare...  

Yet the Home Equity Conversion Mortgage (HECM) program saw no change. The Federal Housing Administration’s reverse mortgage program has experienced recent improvement, Housing Secretary Shaun Donovan said during a press call held to discuss ...  

Feds Expand Mortgage Loan Modification Eligibility Under HARPExec Digital (press release)The federal government recently announced expansion of its Home Affordable Refinance Program (HARP), which helps borrowers who have been able to make payments on federally backed loans but have not been able to refinance due to stricter lending ...and more »  

a former White House budget director under Ronald Reagan. President Obama aims to help "responsible" homeowners, including those who owe more than their homes are currently worth, save an average $3,000 a year by refinancing their mortgages at ...  

FHA Reverse mortgages, commonly referred to as Home Equity Conversion Mortgages (HECM) were established in 1988 by President Ronald Reagan. Reverse Mortgages enable homeowners over age 62 to borrow against the equity in their homes without having to sell ...  

Gold Quest Group, LLC is officially a 2012 Better Business Bureau Accredited Business! We are a Houston-based mortgage broker serving all of Texas. Today, the firm offers FHA, VA, Fannie Mae, Freddie Mac, Ginnie Mae, USDA, SBA, Hard Money, Super Jumbo and ...  

At least $3 billion will go toward refinancing loans for borrowers who are current on their mortgages but who owe more on their mortgage than their homes are worth. Borrowers who meet basic criteria will be eligible for the refinancing, which will reduce ...  

Barely two weeks into a new government program that allows severely underwater borrowers with loans backed by Fannie Mae and Freddie Mac to refinance their loans to lower rates, the numbers are surging. Applications to refinance jumped 9.4 percent last ...  

From the MBA: Refinance Activity Increases as Rates Hit Survey LowsThe Refinance Index increased 9.4 percent from the previous week. The seasonally adjusted Purchase Index increased 0.1 percent from one week earlier. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) decreased to 4.05 percent, the lowest rate in the history of the survey, from 4.09 percent ... The average...  

Freddie Mac's Primary Mortgage Market Survey (PMMS) indicates average 30 year fixed rate mortgages increase to 4.23 percent. This is an increase from last week's 4.21 percent. The 15 year fixed rate mortgage average a new low at 3.66 percent from last week ...