December 16 2010 (Chris Moore) Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that both fixed- and short-term mortgage rates continued to rise this week. This was the fifth week in a row where fixed-rate mortgage rates were up. Read more...
December 15 2010 (Chris Moore) The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from last week. Read more...
December 15 2010 (Shirley Allen) CitiMortgage Inc. has announced plans for a Mortgage Assistance Call-a-thon to take place today from 7:00 a.m. until 1:00a.m. on the morning of Dec. 16, Eastern Standard Time. Customers who have concerns about their ability to pay their mortgage can call into the company’s foreclosure prevention centers for information and [...]
December 15 2010 (Jeff Alan) So you’ve decided to buy a home. You’ve done all the right things, decided where you want to live, how many bedrooms and baths you want, and you get pre-qualified for a loan. You’re just about ready to start your search when one day after a long hard day of [...]
December 15 2010 (Chris Moore) Two years ago, a North Carolina credit union launched a mortgage assistance program that has had unprecedented success and should be a model for the mortgage industry. At a time when mortgage holders have been overwhelmed with foreclosures, the State Employees Credit Union (SECU) has used a little old fashioned [...]
December 13 2010 (Jeff Alan) The U.S. Department of Housing and Urban Development (HUD) announced that it is launching multiple investigations following a probe by a fair housing coalition that 22 lenders allegedly illegally denied mortgages to African American and Latino borrowers who should have qualified. Read more...
December 13 2010 (Shirley Allen) According to the Clear Capital Home Data Index Market Report, U.S. home prices fell in the month of November continuing a three month trend with more local markets dropping into “double-dip” territory. Read more...
December 12 2010 (Jeff Alan) According to figures released by ZipRealty, price reductions on homes listed for sale increased dramatically over the past year with nearly half the homes marked down at least once. September also saw more discounted homes for sale than August, with the number of price-reduced homes on the market up 2.1 [...]
December 11 2010 (Brian Moore) Charlotte-based Bank of America has announced that it has restarted the sale of foreclosed homes that had been temporarily frozen in October as it reviewed its foreclosure processes. Read more...
