You are here: Home \ mortgage

From the category archives:

mortgage

Fed to Maintain Stimulus Efforts

by Tayeb Realty GroupMarch 9, 2011 commercial real estate

Experts expect the Federal Reserve to wait for more proof of a self-sustaining economic recovery before scaling back stimulus efforts. Fed officials, meeting March 15, likely will keep short-term interest rates near zero and allow a $600 billion Treasury bond-purchase program to run until June as planned. Fed Chair Ben Bernanke told lawmakers he is [...]

0 comments Read the full article →

Future of 30-Year Mortgages at Risk?

by Tayeb Realty GroupMarch 8, 2011 commercial real estate

Proposals to phase out Fannie Mae and Freddie Mac may make 30-year fixed-rate mortgages harder to find, housing experts say. An outline drafted by the Treasury Department, the Department of Housing and Urban Development, and the White House and circulated last month calls for winding down Fannie and Freddie over the next five to seven [...]

0 comments Read the full article →

More Americans Confident About Home Ownership

by Tayeb Realty GroupMarch 2, 2011 Housing Market News Update

Americans are more confident about the stability of home prices than they were at the beginning of 2010, according to Fannie Mae’s latest national housing survey, conducted between October 2010 and December 2010.. And when it comes to home ownership, younger Americans are particularly optimistic, the survey finds. Nearly 80 percent of all respondents, including [...]

1 comment Read the full article →

Late Video Rental Fees? No Mortgage!

by Tayeb Realty GroupFebruary 1, 2011 Housing Market News Update

Thousands of customers in Montana who owed late fees or any other charges pending at the now defunct Hollywood Video and Movie Gallery are finding it difficult to get a mortgage or finance a car. Movie Gallery, the parent company of the video rental stores and once the second-largest video rental chain, went bankrupt last [...]

1 comment Read the full article →

Countrywide Faces More Lawsuits

by John TayebFebruary 1, 2011 Foreclosures

Bank of America Corp.’s Countrywide continues to be a thorn in its side. Bank of America acquired Countrywide in 2008 and the mortgage unit has faced countless lawsuits accusing it of misleading investors about its finances and lending practices. The latest lawsuits come from the states of Michigan and Oregon and Fresno County, Calif., and [...]

1 comment Read the full article →

Mortgage Rates Continue to Climb

by John TayebJanuary 31, 2011 Housing Market News Update

Mortgage rates are continuing their gradual climb upwards after reaching record lows. The 30-year fixed mortgage rate rose to 4.8 percent from 4.74 percent the previous week, Freddie Mac reports. The average on 15-year mortgage rates also rose slightly from 4.05 percent to 4.09 percent for the week. In November, 30-year loans had reached a [...]

1 comment Read the full article →

10 Cities Where Home Prices Will Rise in 2011

by Tayeb Realty GroupJanuary 31, 2011 Housing Market News Update

While home prices are expected to continue to fall in most metro areas, Clear Capital’s Home Data Index report says a few cities are already on the rebound and showing some gains in home values. “There really is this segmentation of these markets occurring where the one-size-fits-all national level numbers to represent all numbers really [...]

2 comments Read the full article →

Countrywide Accused of ‘Massive Fraud’

by Tayeb Realty GroupJanuary 26, 2011 commercial real estate

Countrywide, which was acquired by Bank of America Inc. in 2008, is being accused of “massive fraud” and misleading investors about mortgage-backed securities, according to a lawsuit filed Monday in the New York State Supreme Court. The investors say they purchased millions of dollars of Countrywide mortgage-backed securities from 2005 to 2007 and believed they [...]

1 comment Read the full article →

Mortgage Fees Rising Again

by John TayebJanuary 26, 2011 Foreclosures

Some lenders already are charging borrowers higher “loan-level price adjustments” that take effect April 1 for mortgages delivered to Fannie Mae. The fees will not affect borrowers with FICO scores above 740 and loan-to-value ratios of 75 percent or less; otherwise, though, the costs could as much as double in some cases. Given that home [...]

1 comment Read the full article →

Neugebauer: Foreclosure Aid Hurting, Not Helping

by Tayeb Realty GroupJanuary 26, 2011 Foreclosures

Rep. Randy Neugebauer, the chairman of the House Financial Services Oversight Subcommittee, said the government needs to come to terms with the fact that its foreclosure-prevention efforts are failing and actually making the housing market worse. The Texas Republican said the programs need to be shut down because they are preventing the housing market from [...]

1 comment Read the full article →
Page 3 of 35«12345»102030...Last »