The mortgage giants may need billions in US loans, write Lorraine Woellert and John Gittelsohn. » Read more…
Tag Archives: home loans
Could We Have Prevented Widespread Mortgage Fraud?
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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As was widely rumored last week, hundreds of people have been arrested for fraud related to mortgage schemes. The numbers are staggering. » Read more…
U.S. reports fewer enrollees, more dropouts in federal mortgage relief program
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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The Obama administration’s marquee foreclosure-prevention initiative continues to struggle, as government data released Monday show that fewer homeowners are enrolling in the program and more are losing their federal mortgage aid. » Read more…
Unhappy couple: Falling mortgage rates and fading housing demand
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Mortgage rates look primed to go to new generational lows.
But if the housing-market recovery is fading, will another drop in loan rates be enough to rekindle demand? » Read more…
Mortgage rates hit all-time low, but lending activity remains quiet
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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The average rate on a 30-year fixed-rate mortgage dropped to 4.69 percent this week from 4.75 percent last week, Freddie Mac reported Thursday. That marks the lowest level since the company started tracking the data in 1971 and breaks the most recent low set in December. Rates have hovered below 5 percent since early May. » Read more…