Category Archives: mortgages

Mortgage applications surge on refinancing demand: MBA

Posted on January 18, 2012 by ilovedeepcreeklakerealestate

(Reuters) – Applications for home mortgages surged more than 20 percent last week, fueled by a wave of refinancing demand as interest rates dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of … Continue reading →

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>Emergency Mortgage Assistance (EMA) Program

Posted on June 22, 2011 by ilovedeepcreeklakerealestate

>The Maryland Department of Housing and Community Development (DHCD) has received funding from the U.S. Department of Housing and Urban Development (HUD) through their Emergency Homeowner Loan Program. The Emergency Mortgage Assistance (EMA) program is designed to assist homeowners who … Continue reading →

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>Borrowers unhappy with Obama mortgage plan: study

Posted on June 1, 2011 by ilovedeepcreeklakerealestate

>WASHINGTON | Thu May 26, 2011 5:25pm EDT WASHINGTON (Reuters) – Struggling homeowners seeking help from the Obama administration’s foreclosure prevention program have in many cases had negative experiences, a congressional report said on Thursday. Three-fourths of the some 400 … Continue reading →

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>Mortgage rule could hurt borrowers: FHA’s Ryan

Posted on April 14, 2011 by ilovedeepcreeklakerealestate

>By Corbett B. Daly WASHINGTON | Wed Apr 13, 2011 5:46pm EDT WASHINGTON (Reuters) – A proposed rule requiring a minimum 20 percent down payment on mortgages that lenders could then sell to investors without keeping some of the risk … Continue reading →

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>Bank regulators poised to announce mortgage pacts

Posted on April 13, 2011 by ilovedeepcreeklakerealestate

>By Dave Clarke and Clare Baldwin WASHINGTON/NEW YORK | Wed Apr 13, 2011 10:48am EDT WASHINGTON/NEW YORK (Reuters) – U.S. bank regulators plan to announce settlements later on Wednesday with the largest lenders over allegations of shoddy foreclosure practices, but … Continue reading →

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>Housing regulators propose 20% down payment for best rates

Posted on March 30, 2011 by ilovedeepcreeklakerealestate

>By Zachary A. Goldfarb, Tuesday, March 29, 2:44 PM As Washington confronted the future of American housing on several fronts Tuesday, there was no doubt that getting a home loan is going to be tougher unless a borrower has pristine … Continue reading →

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>Housing finance changes likely to mean less government backing for some buyers

Posted on February 4, 2011 by ilovedeepcreeklakerealestate

>By Zachary A. Goldfarb and Brady DennisWashington Post Staff Writers Friday, February 4, 2011; 12:08 AM The Obama administration is likely to recommend reducing the size of mortgages eligible for government backing, according to current and former officials, a move … Continue reading →

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What mortgage brokers don’t tell you: Hidden penalties abound

Posted on January 18, 2011 by ilovedeepcreeklakerealestate

There’s a host of information a mortgage broker or banker won’t tell you up front that may increase the cost of your financing. You could pay much more on a mortgage than your initial quote rate based on a rating … Continue reading →

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Mortgage rates hit fresh lows on soft economy

Posted on August 12, 2010 by admin

By Lynn Adler NEW YORK | Thu Aug 12, 2010 10:52am EDT NEW YORK (Reuters) – Home loan rates set new lows in the latest week on more evidence of a soft U.S. economy and high unemployment, home funding company … Continue reading →

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Mortgage Rates at ALL TIME LOWS

Posted on August 12, 2010 by admin

Jerry Merrick sent an update on mortgage rates yesterday and pointed out that these are the lowest rates EVER offered. If you’re thinking of buying: 30 year conforming is 4.25% 15 year conforming is 3.750% 30 year jumbo is 4.875% … Continue reading →

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