More Underwater Mortgage Help

October 24, 2011

Highlights of the new underwater conventional conforming mortgage refinance program include:

  • Loan must be Fannie Mae of Freddie Mac
  • Mortgage must have been originated before May 31, 2009
  • Borrower must be current on payments
  • Appraisal may not be needed

It is unclear yet how many borrowers this new program may help.  More details should be released shortly.

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Rebound on the Home Front

April 5, 2010


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Pending Home Sales Down

March 7, 2010

Visit msnbc.com for breaking news, world news, and news about the economy

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Mortgage rates poised to increase

February 15, 2010

The Federal Reserve Bank is poised to pull the money off the table that has helped sustain the ailing real estate sector, $1.25 trillion to be exact, by March 31, 2010. The Federal Reserve is currently winding down its purchase program of Mortgage Backed Securities that has been responsible for the recent streak of the [...]

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Hope for the Housing Market

February 2, 2010
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Home Prices Rise in November

January 26, 2010
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New Format Makes Comparing Mortgages Easier

January 18, 2010

New mortgage documentation that took effect January 1st is aimed at helping consumers fully understand mortgage loan terms. The new good faith estimate format allows borrowers to more easily compare home mortgage loans offered between lenders and loan programs and encourages borrowers to comparison shop for a variety of required closing services instead of accepting [...]

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Last Chance to Refinance Below 5%

January 15, 2010

According to CNNMoney.com, time is running out if you want to refinance your mortgage into a home loan with an interest rate below 5%. Your window of opportunity is closing fast. During the week of Jan. 7, the average 30-year, fixed-rate loan closed at 5.09%, according to mortgage giant Freddie Mac. That is significantly higher [...]

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A Buyer’s Market

January 14, 2010
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Federal Reserve: It’s Time the Market Stands on its Own

January 11, 2010

According to Pedro Nicolaci da Costa and Reuters News, April 1 will be the first day that the Federal Reserve will end its debt purchase program and allow the struggling U.S. mortgage market to operate unassisted. As a result, the Fed believes mortgage rates will rise about three-quarters of a percent to about 6 percent, [...]

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