mortgage industry

Wells Fargo Refinance Mortgage Rates – Interest Rates Still Under 5%Subprime BloggerWells Fargo refinance mortgage rates remain extremely low as mortgage interest rates are still under 5%. After the Federal Reserve Bank announced that they ...Bank of America Refinance Mortgage Rates – Rates Drop Further TodaySubprime Bloggerall 2 news articles »  

A Florida Cash Out refinance allows Florida homeowners to refinance their existing Florida mortgage by taking out another Florida mortgage for more than they owe, therefore repaying their current Florida mortgage and using the equity ...  

in order to understand what's going on with this product, you have to understand what mortgage protection insurance is and what it is not. first, what it is not: it is not private mortgage insurance (pmi). private mortgage insurance is ...  

2009-11-07 19:09:02 - Obama's government has appeared up with home refinance stimulus package and loan modification programs to help all the needy owners in avoiding foreclosure. This program is designed accurately for all the borrowers who are ...  

“WASHINGTON – Can't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year. ...  

Qualify for Home Loan Modification to Stop ForeclosureLive-PR.com (Pressemitteilung)07.11.2009 18:30:23 Home Loan Modification is a good plan when you can no longer make your monthly payments and you are only burdened with the interest rate ...Loan Modification Scams On The RiseKPHO PhoenixGovernment Mortgage Refinance Plan – Obama Helping You Pay Your Mortgage?Subprime BloggerObama Loan Modification Program - Keeps Americans In Their...  

Conforming mortgage rates dropped below 5% for the first time in three weeks, according to a survey released by Freddie Mac. 5% is considered by many experts to be a key psychological level, below which activity in the home buying market often increases. Interest rates on U.S. 30-year fixed-rate mortgages averaged 4.98 percent [...]  

The Federal Reserve Bank of New York bought $16bn of mortgage-backed securities (MBS) from housing finance agencies Freddie Mac (FRE: 1.23 -1.60%), Fannie Mae (FNM: 1.04 -7.14%) and Ginnie Mae in the week ending November 4. The Fed bought $3.27bn from Freddie, $12.55bn from Fannie and $175m from Ginnie. For the first week in months, were [...]  

CHICAGO (MarketWatch) -- Rates on 30-year fixed-rate mortgages averaged 4.98% for the week ending Nov. 5, down from a 5.03% average last week and 6.20% a year ago, according to Freddie Mac's [S:FRE] weekly survey of conforming mortgage rates, released on Thursday. The 15-year fixed-rate mortgage averaged 4.40%, down from 4.46% last week. Rates on 5-year Treasury-indexed hybrid adjustable-rate mortgages averaged 4.35%, down from 4.42% last week...  

NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- The average conforming 30-year fixed mortgage rate was unchanged at 5.35 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.31 discount and origination points.  

Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.98 percent with an average 0.7 point for the week ending November 5, 2009, down from last week when it averaged 5.03 percent. Last year at this time, the 30-year FRM averaged 6.20 percent.  

Last night Bloomberg printed an article about Fannie Mae (FNM) and Freddie Mac (FRE). Here are the lowlights:1. There were 2.6 million defaults on residential mortgages in the first nine months of 2009;2. Fannie Mae recorded $101.6 billion in losses over the past eight quarters;3. Fannie Mae has taken $44.6 billion of Federal Aid since April 2009;4. Fannie Mae now says it needs $15 billion more in Federal Aid (which makes sense as $45 billion...  

The Federal Housing Administration has announced it is pushing back the deadline for implementing a new condo financing approval process until Dec. 7. Until then, current rules call for eligibility of 50 percent of units in a condo project for FHA funding and up to 100 percent in well-established projects with a minimum of 10 percent reserves, according to the Mortgage Bankers Association, which has been negotiating with the FHA. Also, the FHA...  

The Mortgage Bankers Association today released the Weekly Survey on Mortgage Application Activity for the week ending October 30, 2009. Housing is a key component of economic forecasts, thus real estate surveys and housing data are closely scrutinized by policy makers. The Mortgage Banker's application survey covers over 50% of all US residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data...  

FHA Mortgage Foreclosures RiseForeclosures on home mortgages insured by the Federal Housing Administration are on the rise. Interestingly enough, it would appear that the Obama Hope for Homeowners has had little effect with regard to stemming the increasing tide of FHA delinquencies and subsequent foreclosures. The Federal Housing Administration, commonly known as FHA, insures mortgage lenders against the risk of defaults on...