Home News Mortgage News

Read the latest articles on Mortgages here. Articles will include such topics as mortgage rates, sub-prime and lender practices. Go to our Forums to discuss any of these articles in the General Mortgage Forum.

Mortgage rate fall to 6.47% 08.21.2008 Rates on the 30-year fixed mortgage fell from last week, even as the housing market showed more signs of weakness. Government-sponsored mortgage finance giant Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 6.47% this week. That's just below the previous week, but still under the 6.52% average a year ago. Read More   'Liar loan' losses threaten to prolong mortgage crisis 08.20.2008 In the mortgage industry they are called "liar loans" - mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job and [no] assets." Read More   Borrowers feel fallout from Fannie, Freddie 08.19.2008 Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify for a new loan. Fannie Mae and Freddie Mac may or may not need a government bailout, but the turmoil surrounding the mortgage finance companies' decline has already meant four things for borrowers: higher interest rates, more fees and closing costs, bigger down payments and fewer loan choices. Read More   Fannie Mae, Freddie Mac fall on bailout fears 08.18.2008 By Alan Zibel The Associated Press WASHINGTON - Shares of mortgage finance giants Fannie Mae and Freddie Mac tumbled Monday amid re- newed fears that shareholders will wind up with nothing if the government intervenes to bail out the troubled companies. Read More   Foreclosures soar despite efforts to help; July repossessions nearly 3 times those in July 2007 08.15.2008 The magnitude of home foreclosures appears to be overwhelming the efforts of lenders to help distressed borrowers keep their homes. To help stem the wave of foreclosures, some lenders have been easing the terms of loans, helping owners refinance or even letting homes be sold for less than the value of the mortgage -- called a "short sale." But so far, those efforts have had only modest success. Read More

More... Fed says banks toughened loan standards; All types affected, outlook uncertain Problems will follow; Experts say walking away from a home loan is wrong thing to do SEC's probe of Countrywide now is a formal investigation Freddie Mac takes $821 million loss, plans dividend cut Mortgage rules changes skewer some sales; Some fall apart just before closings as new regulations.. New tool shows what it takes to qualify for FHA mortgage Freddie Mac seen posting second loss of year Housing package's three major impacts President signs far-reaching housing bill Consumers Give Mortgage Marvel "Two Thumbs Up" for Accuracy, Speed, Convenience, Privacy, and Ease.. Housing Reform Bill To Bail Out Freddie, Fannie, Borrowers; President Drops Veto Threat; Law will... Helping Fannie, Freddie also aids 'the little guy' Customer satisfaction with HELOC/loan originations up Delinquencies, foreclosures top record during first quarter Mortgage giants' bailout could cost taxpayers billions A body blow to housing? HOME MORTGAGE REGULATION; Wise steps by state in sub-prime mess Consumers Get a Bit of Mortgage-Rate Relief Mortgage giants' stocks fall hard; Fannie Mae, Freddie Mac worries rock Wall Street and Main Street The Not-Quite Bailout

1 2

Results 1 - 25 of 37