Mortgage News August, 2008

Mortgage Fraud Increases, Could be Next Market Challenge

Mortgage meltdown discussions are peppered with discussions of the "liar loan," or the infamous...

Mortgage Help-Government Assistance to Troubled Borrowers Increases

The US government and the nation's largest banks have teamed up to stem the rising tide of...

FOMC Minutes Signal Rate Hikes

Federal Open Market Committee (FOMC) recent minutes suggest that members, having "significant...

Could a Loan Modification Prevent Your Foreclosure?

At least 25,000 homeowners recently got a gift letter from the Federal Regulators--offering them...

Can a Reverse Mortgage Secure Your Retirement?

Warm sun on your face and cool sand between your toes... This is not how your retirement plans...

What Does Fannie and Freddie Mean to Borrowers?

It seems the inevitable approaches for the US government and its "supported entities" Fannie Mae...

Election Day May Be About Taxes

The election of our next President quickly approaches. The ads, debate, and polls fill every...

Homeowners Need Refinance Assistance More Than Ever

Foreclosures rates continue to rise, borrowers have found themselves trapped in loans where...

Government Backed Loans Surge

When borrowers talked about getting a mortgage you typically heard discussions of Countrywide and...

Can a Bad Appraisal Cost You Your Home?

In the exuberance of the mortgage boom, it was broadly accepted that home values were moving...

Mortgage Rates Hold Steady on Mixed Bag of Economic News

Home Mortgage Rate hold steady for the third straight week as the mortgage market is peppered...

US Foreclosures Rise 55%, Banks Seizures Climb 184%

New US legislation, effective 1 October, meant to help home owners stay in their home may not be...

Nehemiah Launches Web 2.0 Campaign to Save DPAs

Nehemiah Corporation, operator of the largest down payment assistant (DPA) program in the nation...

Credit Tightening Squeezes Out Motivated Home Buyers

Last week the National Association of Realtors (NAR) announced that pending home sales, a measure...

Paulson Says His Time is Short, Unlike US Economic Woes

Shouts of joy burst from Beijing over the Men's 4x100m freestyle relay. An American team that...

Option ARMs Misused by Borrowers and Brokers

As the mortgage meltdown attention is focused firmly on the subprime market there is a subtle...

Paulson Turns to Morgan Stanley for Fannie, Freddie Guidance

Ahead of Freddie Mac's revelation of $821 million in second quarter losses and in anticipation of...

Fannie Mae Set to Raise Fees--Borrowers See it in Interest Rate

As Fannie Mae prepares for what is certain to be a brutal quarterly earnings report to analysts...

Pay Option ARMs Next Wave of Foreclosures?

While analysts are tabulating and predicting default rates on less-credit worthy subprime...

Fed Boss in Interest Rate Conundrum

Federal Reserve Chairman Ben S. Bernanke faces one of his more challenging Federal Open Market...

IndyMac Files for Chapter 7 Bankruptcy

The second largest mortgage lender in the United States, IndyMac has filed for bankruptcy...

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Loan Type Today
30 Year Fixed   5.65
15 Year Fixed   5.49
5/1 Adjustable   5.85

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