If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Mortgage rates moved lower once again, with the average conforming 30-year fixed mortgage rate falling to 6.48 percent. According to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.37 discount and [...]
Company Efforts Geared Toward Stabilizing Key Market Segments and Increasing Rental Housing Opportunities
Amid stress in the capital markets and a downturn in the Commercial Mortgage Backed Securities market, Fannie Mae (NYSE:FNM) today announced that it will expand liquidity, stability and affordability by increasing its participation in key segments of the multifamily market. The [...]
Lower interest rates, fees, increased loan limits among changes
The nation’s college students and their parents will benefit from several major changes in the terms of federal student loans, according to USA Funds(R), the nation’s leading education loan guarantor.
“Lower interest rates and fees will reduce students’ costs of borrowing for college, while increased loan limits [...]
Home loan servicers and lenders are not working with borrowers who need loan modifications in order to keep their homes. In a third survey of California mortgage counseling agencies servicing homeowners statewide, the California Reinvestment Coalition (CRC) found that despite lenders’ promises to help borrowers, foreclosure is still the most common outcome for homeowners struggling [...]
Fixed mortgage rates pulled back this week, with the average conforming 30-year fixed mortgage rate dropping to 6.02 percent. According to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.44 discount and origination points.
The average 15-year fixed rate mortgage popular for refinancing fell to 5.63 percent, while [...]
With the goal of helping more families keep their homes rather than lose them to foreclosure, Federal Housing Administration Commissioner Brian Montgomery, Office of Federal Housing Enterprise Oversight Director James Lockhart and Harvard University Director and former House Financial Services Chairman Jim Leach addressed a crowd of more than 400 Realtors(R) at the National Association [...]
Today’s economic climate has left more consumers strapped for cash. Those who don’t qualify for bank loans or credit cards increasingly are turning to short-term, consumer loans - often called “payday loans” - to help make ends meet.
Metropolitan Family Services wants consumers to know they have rights. The Illinois Payday Loan Reform Act of 2005 [...]
SBA Makes Low Interest Disaster Loans Available Due to Severe Storms and Tornadoes
WASHINGTON, April 29 /PRNewswire-USNewswire/ — Kentucky residents and businesses affected by the severe storms and tornadoes April 4 - 11, 2008 can apply for low-interest disaster loans from the U.S. Small Business Administration, SBA Administrator Steve Preston announced today.
Administrator Preston took the action [...]