Freddie Mac reported that the average 30-year fixed-rate mortgage declined for the fifth consecutive week. Compared to last week, the 30-year was down 7 basis points lower. "The 30-year has never been this low since Freddie Mac began its weekly survey in 1971," the secondary lender proclaimed.
feedburner- Behind-the-Scenes Look at Collapse of Wachovia, WaMu September 2, 2010A Federal Deposit Insurance Corp. official testified before the Financial Crisis Inquiry Commission about how the FDIC handled the insolvency of Washington Mutual Bank and Wachovia. "In the case of WaMu, the FDIC had adequate time to develop strategies and understand … Continue reading → […]
- Bank Performance Improves September 2, 2010On overall bank loan assets, delinquency of at least 90 days fell 4.8 percent, according to the Quarterly Banking Profile from the Federal Deposit Insurance Corp. It was the first quarterly decline since the beginning of 2006. Quarterly earnings for … Continue reading → […]
- Agency Issuance Rises 5th Straight Month September 2, 2010Fixed-rate issuance of mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae during August increased 5 percent from a month earlier, according to data released by eMBS. A decline in activity at Ginnie was more than offset by … Continue reading → […]
- Employees Await Fate as Subprime Servicer Acquired September 2, 2010Ocwen Loan Servicing has closed on its acquistion of HomEq. Inside accounts from employees at HomEq raised the possibility of several hundred layoffs in coming days and weeks. But Ocwen didn’t respond today to repeated requests for comment. […]
- Activity Eases as Fixed Rates Fall September 2, 2010More downward movement in mortgage rates — which were already at record lows — wasn’t enough to lift the Mortech-Mortgage Daily Mortgage Market Index higher. For the week ended Wednesday, the index was 348, easing from 355 last week. The … Continue reading → […]
- Mortgage Call Capture Systems Do Ad Tracking Too September 2, 2010Many mortgage brokers will integrate a mortgage call capture system into their marketing in the coming months. They will plan on using it to increase leads and develop mutually beneficial relationships with real estate agents in their area. Source:Mortgage Call … Continue reading → […]
- Usefulness of a Commercial Mortgage Broker September 2, 2010A Commercial Mortgage Broker is one who helps you to get the best mortgage deals and the best possible loan amount against your property. A commercial mortgage broker gets you in touch with banks and other financial institutions who will … Continue reading → […]
- Loss Mitigation Expert – Should You Use One? September 2, 2010Making the best of a loss mitigation expert takes having a good understanding of how they work and the qualities that make a good one. After reading this article, you’ll understand more about the loss mitigation process and how to … Continue reading → […]
- Mortgage Help – Are You Suffering From Bad Mortgage Credit and in Need of Help? September 2, 2010Needing mortgage help because of past credit issues is a common problem a lot of people now face in our society these days. Having bad mortgage credit is not the end of the world for you. There is plenty of … Continue reading → […]
- Understanding the Cost of Reverse Mortgage Loan September 2, 2010Are you looking for a suitable financial option when you retire? Then reverse mortgage could be the best loan for you. So here are the basics of reverse mortgage and the costs involved when you take out this loan. Source:Understanding … Continue reading → […]
- Behind-the-Scenes Look at Collapse of Wachovia, WaMu September 2, 2010