Mortgage News Archive - September 2010
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Mortgage Rates Continue to Fall
September 30, 2010Mortgages interest rates hit record lows again this week, according to the Freddie Mac Primary Mortgage...Read More
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Second Lender Halts Foreclosures Over Document Issues
September 30, 2010JP Morgan Chase has announced it is temporarily suspending foreclosures, becoming the second major bank to...
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S&P Survey Suggests Softening Housing Market
September 29, 2010Annual gains in home prices have slowed in recent months, raising concerns over possible weakening of the...
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Home Purchase Mortgage Applications Edge Up
September 29, 2010Mortgage rates continued to fall to new lows last week, accompanied by a small increase in the number of...
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Survey Shows Big Gap in Credit Scores
September 28, 2010There’s a big gap among Americans when it comes to credit worthiness and the ability to obtain...
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Chicago Home Sales Post Small August Gain
September 27, 2010Chicago-area home sales inched up in August, but barely made a dent in the sharp dropoff that followed the...
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New Foreclosures Down, Mortgage Performance Steady
September 25, 2010New foreclosures initiated in the second quarter of the year were at their lowest rate since the final...
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New Home Sales Unchanged in August
September 24, 2010New home sales remained flat in August, with the seasonally adjusted rate unchanged from July, according...
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New MHA Trial Modifications Inch Up
September 23, 2010The number of homeowners receiving permanent loan modifications under the government...Read More
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Existing Homes Sales Trend Upward
September 23, 2010Existing home sales in August regained some of the ground they lost the previous month, rising 7.6 percent...
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Mortgage Rates Largely Unchanged This Week
September 23, 2010Mortgage rates were largely unchanged this past week, despite signals that the Federal Reserve may take...
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Simplified Mortgage Disclosures is Warren's Goal
September 22, 2010Simplifying mortgage disclosure forms so that borrowers get a clearer picture of the costs and obligations...
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FHFA Reports Home Prices Fell in July
September 22, 2010U.S. home prices fell half a percent from June to July, according to new figures from the Federal Housing...
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Mortgage Applications, Rates Both Decline
September 22, 2010Mortgage application activity has fallen for the third consecutive week, despite declining interest rates...
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Fed Hints at Economic Stimulus
September 22, 2010The Federal Reserve is hinting it may soon take new steps to inject more cash into the economy if the weak...
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Housing Starts Rose in August
September 21, 2010New housing construction starts rose 10.5 percent in August, exceeding economist’s projections and...
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GMAC Denies Halting Foreclosures in 23 States
September 21, 2010GMAC Mortgage is denying a report that it has suspended foreclosures in 23 states, saying all new...
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Home Builders Remain Pessimistic
September 20, 2010Homebuilders remain pessimistic about the outlook for their industry, overwhelmingly viewing market...
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Consumer Advocate to Head New Financial Product Regulator
September 17, 2010Ending months of speculation, President Obama has asked consumer advocate Elizabeth Warren to lead efforts...
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Completed Foreclosures Hit New High in August
September 16, 2010A record number of homes were lost to foreclosure in August, even as the number of homeowners initially...
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Most Think Housing Market Has Bottomed Out: Fannie Mae
September 16, 2010Most Americans believe the housing market has hit bottom and that home values will either hold steady or...
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Demand for Mortgage Refinancing Sags
September 15, 2010Mortgage applications fell this past week, driven by declining demand for mortgage refinancing among...
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Most Expect Stagnant Home Prices Over Coming Year
September 15, 2010Short-term confidence in the housing market is sagging, even as homeowners are becoming somewhat more...
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Private Company Offers Incentives for Underwater Homeowners
September 14, 2010A private company is proposing a new approach to keep underwater homeowners from walking away from their...
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Freddie Mac Sees No Double Dip in Housing
September 14, 2010Recent declines in home sales do not appear to indicate a weakening of the underlying housing market, but...
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Moody's: Most Mortgage Losses Already Incurred
September 13, 2010U.S. banks have already written off over two-thirds of the losses they are expected to take on soured...
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Mortgage Refinances Slow Under HARP
September 10, 2010The pace of mortgages refinanced under the government’s Home Affordable Refinance Program (HARP)...
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IRS May Wrongly Seek Tax Credit Repayment
September 09, 2010Nearly 60,000 individuals who purchased homes in 2009 could get a notice from the IRS improperly demanding...
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30-Year Rates Edge Up After Long Decline
September 09, 2010Interest rates rose on 30-year fixed-rate mortgages rose slightly this past week, ending nearly three...
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Funds Again Flow to USDA Mortgage Program
September 09, 2010Funding has been restored for the USDA’s Guaranteed Rural Housing Loan Program, meaning that lenders...
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Mortgage Applications to Buy Homes Show Modest Increase
September 08, 2010Mortgage applications to buy homes inched upward last week, as the housing market struggles to regain its...
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Lenders Agree to Give Communities First Crack at Foreclosures
September 07, 2010In an effort to stabilize neighborhoods with high foreclosure rates, bank-owned properties in certain...
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More Expect Home Values to Decline
September 03, 2010U.S. consumers are taking an increasingly pessimistic view of home values, in the wake of plunging home...
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Pending Home Sales Show Modest Increase
September 02, 2010Pending home sales rose modestly in July, two months after taking a steep plunge that put the housing...
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Subdued Inflation Sends Mortgage Rates to New Lows
September 02, 2010Low inflationary pressures allowed mortgage rates to fall to new lows again this week, according to today...
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Private Loans Modifications Continue Briskly
September 01, 2010Roughly two-thirds of the more than 1 million homeowners who have obtained permanent mortgage loan...
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Low Rates Fail to Spur Home Purchases
September 01, 2010Mortgage applications for home purchases declined in August, despite falling interest rates that continued...
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New Disclosures to Help Explain Reverse Mortgages
September 01, 2010Reverse mortgages can be complicated financial products that many borrowers find hard to understand. To...
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