September 9, 2011 (Shirley Allen) Fannie Mae announced the opening of its tenth help center in Sacramento, California. The new Sacramento Mortgage Help Center will provide free education and counseling services to struggling homeowners in the Sacramento area. The Center was developed in partnership with NeighborWorks HomeOwnership Center Sacramento Region, local community and elected officials, [...]
September 9, 2011 (Chris Moore) If it’s any wonder why Americans continue to sit on the sidelines when mortgage interest rates are at their all-time lows, Fannie Mae’s August National Housing Survey can give you plenty of reasons why. […]
September 8, 2011 (Shirley Allen) Last week’s stock market turmoil and bad employment numbers translated into record low mortgage rates this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
September 8, 2011 (Jeff Alan) U.S. home prices increased by 4.0 percent in the latest rolling quarter according to Clear Capital’s Home Data Index (HDI), but the growth rate shows signs of slowing as the summer buying season ends and eroding consumer confidence could make for a bumpy ride for the rest of the year. [...]
September 7, 2011 (Shirley Allen) Last weeks market turmoil and poor jobs report pushed Treasury yields back under two percent and mortgage rates followed right behind as average interest rates over the last week reached now lows for 2011 according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse. […]
September 7, 2011 (Shirley Allen) The Department of Housing and Urban Development (HUD) has announced they will speed disaster relief assistance to the states of Vermont, Rhode Island, Pennsylvania, Virginia, New Hampshire, Connecticut, and the Commonwealth of Massachusetts, providing support to homeowners and low-income renters who have been forced from their homes due to the [...]
September 7, 2011 (Chris Moore) Mortgage loan applications continued to tumble last week despite a new survey record low of 3.41 percent for a 15-year fixed rate mortgage as purchase applications remained flat and refinance applications declined for the third consecutive week according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the [...]
September 7, 2011 (Jeff Alan) Loan modifications made by Fannie Mae and Freddie Mac declined for the fourth consecutive quarter as foreclosure prevention actions under the governments HARP program exceeded those under HAMP according to the Federal Housing Finance Agency’s (FHFA) Second Quarter Foreclosure Preventions and Refinance Report. […]
September 6, 2011 (Jeff Alan) Wells Fargo reports that 8,784 active trial or completed loan mortgage modifications were posted in July, down from 9,759 in June. As of July 31, 2011, Wells Fargo says it has completed or has in active trial 704,869 mortgage loan modifications since January 2009, up from 696,085 at the end [...]
