The Zillow Mortgage Rate Ticker reported the average 30-year fixed mortgage rate dropped back down below 4 percent to 3.95 percent, remaining at historically low levels. Continue reading →
Morgan Stanley recently announced the sale of its Saxon Mortgage Services to Ocwen Financial Corporation for $59.3 million, plus $1.4 billion for servicing advance receivables outstanding. Continue reading →
The Federal Housing Finance Agency recently released its house price index, which fell 0.1 percent in August compared to July, and 4 percent compared to August 2010. Continue reading →
Federal officials recently reported that government-sponsored mortgage lenders Fannie Mae and Freddie Mac will no longer need any more taxpayer bailout money, and will be able to start paying back its government loans by the end of 2014. Continue reading →
The typical reverse mortgage applicant is no longer the 75-year-old woman of the past. Rather, more applications are being submitted by married couples in their 60s approaching retirement years. Continue reading →
The U.S. housing market received yet another bleak forecast October 31 from a financial analytics company. Continue reading →
Some lawmakers and officials from the Obama administration have argued that Edward DeMarco, acting director of the U.S. Federal Housing Finance Agency, is obstructing the housing market from recovering by not doing enough for Fannie Mae or Freddie Mac, which the government sponsors. Continue reading →
Mortgage Bankers Association figures showed the interest rate on a 30-year-fixed mortgage fell from 6.09 percent in September 2008 to 5.03 percent in September 2009, then went down to 4.44 percent a year later before reaching 4.26 percent in September 2011. Continue reading →
Mortgages remain at low levels and the federal government is working on programs to help more homeowners gain access to refinancings. Continue reading →
Old Republic International stopped selling mortgage insurance less than two months ago, but recently expressed interest in reinstating its business in the industry with the approval of regulators and lenders. Continue reading →
