January 21, 2011 (Jeff Alan) Fannie Mae announced that it is directing its mortgage servicers to delay scheduled foreclosure sales for 45 days. The moratorium applies to borrowers that been approved assistance through the Hardest Hit Fund. The Hardest Hit Fund was part of a series of housing programs announced in February 2010 to help [...]
January 21, 2011 (Jeff Alan) The U.S. Department of Housing and Urban Development (HUD) announced proposals for new regulations intended to ensure that its core housing programs are open to all eligible persons, regardless of sexual orientation or gender identity. HUD Secretary Shaun Donovan stressed HUD's new proposal reaffirms the White House’s commitment to LGBT [...]
January 21, 2011 (Chris Moore) Renters who have for years faithfully made payments to their apartment landlords can finally now get credit for their responsible payment history. Credit giant Experian has announced that it will be the first major credit reporting agency to include rental payment history in its credit reports. It’s not going to [...]
January 20, 2011 (Chris Moore) Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®). The survey results showed mixed results for both long- and short-term rates, with the 30-year rising slightly and the 15-year falling just as slightly. Read more...
January 20, 2011 (Jeff Alan) According to the RE/MAX National Housing Report, after five consecutive months of declines, homes sales rose 13.2 percent in December compared to November. However, compared to the year earlier, December home sales fell 5 percent. Although, RE/MAX said that is the lowest year-over-year drop in five months. Read more...
January 20, 2011 (Jeff Alan) Government mortgage giant Freddie Mac has announced that is will eliminate its streamlined mortgage refinancing option this spring, but borrowers will still have a simplified option for refinancing mortgages held or backed by the government-supported enterprise. The streamline refinance option will be discontinued as of April 30, however, another option, [...]
January 20, 2011 (Shirley Allen) Lender Processing Service (LPS) released its monthly “First Look” Mortgage Report for December 2010 yesterday which is derived from its loan-level database of nearly 40 million loans. The month-end data shows a rise in foreclosure inventories with a slight decrease in the delinquency rate. Read more...
January 19, 2011 (Shirley Allen) According to the data collected on January 18th for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders were 5.03 percent (5.26% APR) for 30-year fixed mortgages, up slightly from 4.97 percent the week before, 4.33 percent (4.69% APR) for 15-year fixed mortgages, which was also [...]
Mortgage News » MBA: Purchase Applications/Refi’s Increase, Rates Stable
