After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans. » Read more…
Tag Archives: home loans
Gov’t unveils plan to shrink some home loans
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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US mortgage rates steady at or near record lows
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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U.S. mortgage rates stayed at or near record lows in the past week, with the 30-year fixed rate 1/2 percentage point lower than a year ago, home funding company Freddie Mac (FRE.N)(FRE.P) said on Thursday. » Read more…
Fannie Mae Mortgage-Bond Spreads Fall to Lowest in Three Weeks
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest in three weeks relative to Treasuries, as debt investors sought safer assets. » Read more…
F.B.I. Readies for Mortgage Fraud Clampdown
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Mortgage fraudsters beware. The F.B.I. is gearing up for a nationwide clampdown in a new effort to slow the kind of lending practices that led to the housing crash of 2008, The Financial Times reported. » Read more…
New Obama Stimulus for Home Mortgage Refinance Loan for Bad Credit People
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Getting a mortgage refinance for bad credit people has never been easier. There are new home loan alternatives which permit all types of homeowners to get the assistance with their mortgage they require. These new options are part of President Obama’s “Making Home Affordable” plan. » Read more…