The Associated Press
Legislation by Rep. Barney Frank, D-Mass., the House Financial Services Committee chairman, would relax the Federal Housing Administration's underwriting standards to allow the hardest-pressed homeowners to qualify for government-backed loans.
That includes people ...
More... (Mortgage News)
Add a Comment 
housing bill April 22nd, 2008
Augusta Chronicle
The U.S. Senate quickly and overwhelmingly passed a costly bill addressing the mortgage crisis.
It has money to help the banking industry, which was the perpetrator of this crisis. It would give builders help ...
More... (Mortgage News)
The Mortgage Bankers Assn. says the measure would raise interest rates, but critics contend this claim is based on faulty data.
Sherrie Floyd says she was able to handle the first reset on the $505,000 mortgage ...
More... (Mortgage Lender & Broker News, Mortgage News)
McLEAN, VA - Freddie Mac released the results of its Primary Mortgage Market Survey® in which the 30-year fixed-rate mortgage (FRM) averaged 5.88 percent with an average 0.4 point for the week ending April 17, ...
More... (Mortgage Interest Rates, Mortgage News)
The Associated Press
WASHINGTON (AP) — Homeowners staggering under mounting mortgage debt and facing foreclosure could get cheaper, government-backed loans under Democrats' housing rescue plan.
But first, lenders would have to agree to wipe out part of ...
More... (Mortgage News)
Housing crises spur demands for return to greater federal regulation and oversight
WASHINGTON (AP) -- A heavier federal hand is reaching into American life as politicians in both parties demand an overhaul of government financial regulation ...
More... (Foreclosure News, Education, and Updates, Mortgage News)
For months, mortgage lenders have been backing away from borrowers with spotty credit, all but closing down the so-called subprime mortgage market.
More surprisingly, they've also been increasingly loath to lend to high-end borrowers who might ...
More... (Mortgage News)
Citigroup reports another quarterly loss after getting slammed by souring debt
NEW YORK (AP) -- Citigroup Inc. said Friday it lost $5.1 billion during the first quarter as poor bets on mortgages and leveraged loans lopped ...
More... (Mortgage Lender & Broker News, Mortgage News)
Rates on 30-year fixed-rate mortgages were unchanged this week, but other rates showed declines, Freddie Mac reported in its weekly nationwide survey. The 30-year rates held at 5.88 percent, where they have been for the ...
More... (Mortgage Interest Rates)
Adjustable-rate mortgages aren’t very popular these days. Thanks to the bad press ARMs have been getting, home buyers are flocking to the security of fixed rates.
But that does not mean ARMs are dead. While ...
More... (Mortgage Education)
