A record share of U.S. mortgages were in foreclosure in the first quarter as job losses caused homebuyers to fall behind on monthly payments, thwarting government efforts to stem property seizures. » Read more…
Tag Archives: loans
Mortgage Foreclosures Hit Record as Job Losses Strain Budgets
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Mortgage-Bond Spreads Widen to Seven-Month High on More Supply
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates widened to a seven-month high relative to Treasuries as borrowing costs near record lows led to speculation that issuance will increase. » Read more…
China to Apply Tighter Second Mortgage Rules to Non-Residents
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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China will apply its tighter second- home mortgage policies to loan applicants who fail to provide proof of at least one year of local social security contributions or tax payments, the government said. » 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…
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…