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- Bank of America shuts down mortgage branch to cut losses posted on September 1, 2011
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- Fannie Mae, Freddie Mac to repay bailout by starting in 2014 posted on October 31, 2011
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Monthly Archives: January 2011
Mortgage rates rise again
The week ending January 27 brought yet another rise for mortgage rates, putting the onus on buyers to act quickly and apply for a home loan before rates climb much higher. Continue reading
Refinancing expected to slow while purchase loans climb
Rising mortgage rates will likely mean those who want to refinance their home loan will do sooner rather than later, according to a new report. Continue reading
Pending home sales continue climb
December brought yet another improvement for pending home sales, as more buyers signed real estate contracts in an effort to purchase a new home. Continue reading
Agency working on simple mortgage disclosure form
A simple mortgage disclosure form designed to inform borrowers what kind of costs are involved in their home loan is being developed by a new government agency. Continue reading
New home sales surge in December
An end-of-2010 rush from buyers looking to purchase a new home could bode well for the housing market in 2011. Continue reading
California foreclosure activity improving
Lenders are helping mortgage borrowers in California get back on track, reducing the level of statewide foreclosures. Continue reading
Prices down more than 4 percent from November 2009
Recent government data shows national home prices declined in November, making things more affordable for buyers looking to purchase a new home. Continue reading
Application volume declines during holiday week
Demand for mortgage applications slowed during the week ending January 21, likely the result of the Martin Luther King, Jr. holiday. Continue reading
Survey: Nevada borrowers not aware of mortgage help programs
A report shows an alarming number of Nevada homeowners are walking away from their mortgages, partly because they were not aware of federal and local mortgage assistance programs which could help them reign in their mortgage debt. Continue reading
Unemployed will enjoy $1B in HUD mortgage aid
The loss of a job can throw homeowners off their normal mortgage payment schedule, but the Department of Housing and Urban Development says it will soon provide funds to provide aid for these borrowers. Continue reading
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