Tag Archives: Mortgage News

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 →

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 →

The Delaware attorney general’s office recently filed a complaint against a company that registers mortgages electronically, claiming the enterprise uses deceptive trade practices on its customers. Continue reading →

In a piece for Business Insider, economic commentator Charles Smith identified essential steps that could lead to a healthy housing market, including eliminating federal housing agencies and dedicating resources to communities that can be supported by property taxes. Continue reading →

The U.S. Census Bureau recently reported that new home sales increased in September while home prices decreased. Continue reading →