December 31, 2010 (Shirley Allen) In a report released by the Treasury Department’s Office of the Comptroller of the Currency and Office of Thrift Supervision, the number of delinquent borrowers who started U.S. home loan modifications declined in the third quarter as fewer people qualified for easier payment terms. Read more...
December 30, 2010 (Chris Moore) Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which saw all but the 1-year ARM rise. This brings 30-year mortgage rates back to levels seen in May of this year, while the 15-year ties levels not seen since June. Even so, mortgage rates remain incredibly [...]
December 30, 2010 (Chris Moore) One of the great past times in America is reading the predictions for the upcoming year. This year is no exception, especially in the housing and mortgage market. Watching the economy taking a beating like Rocky Balboa has been more than many Americans can bear, but just like in the [...]
December 30 2010 (Shirley Allen) According to the data collected on December 28th for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders were 5.16 percent (5.40% APR) for 30-year fixed mortgages, 4.46 percent (4.83% APR) for 15-year fixed mortgages and 4.07 percent (4.13% APR) for 5/1 adjustable rate mortgages (ARM). [...]
December 29, 2010 (Chris Moore) According to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, rising mortgage rates helped push first-time homebuyer share of home purchases from 34.4% in October to 37.2% last month as long-term mortgage rates started to climb from record lows in early November. Read more...
December 29 2010 (Jeff Alan) A recent study by the Federal Reserve helps to answer one of the reasons why small business creation has been lagging since the end of the recession. The study found that declining home values has limited the ability of homeowners to borrow against the equity of their property which has [...]
December 28 2010 (Jeff Alan) Lender Processing Services (LPD) has released it November Mortgage Monitor report and the news wasn’t good. Foreclosure inventories continued to rise for the fifth straight month as delinquent accounts are referred for foreclosure, but the sale of foreclosure properties continued to decline. Read more...
December 27, 2010 (Shirley Allen) The Federal Housing Finance Agency (FHFA) released its Third Quarter 2010 Foreclosure Prevention & Refinance Report on the status of loan modifications at both Freddie Mac and Fannie Mae. Loan modifications through the Home Affordable Modification Program (HAMP) reportedly increased 16 percent in the quarter, although the overall volume of [...]
December 27, 2010 (Chris Moore) Every year at Christmas there’s always that one “hard to get” item that always seems to be impossible to find. This year proved to be no different. But instead of a doll, or a toy, or the latest electronic gadget, it was a loan modification. Read more...
