Feb 29
According to the Mortgage Bankers Association of America, Americans refinance their home mortgage loans every four years. But how do Americans know it is time to refinance? How do they know which refinance loan to choose?
Feb 29
The Office of Federal Housing Enterprise Oversight
(OFHEO) announced Wednesday that it would be
lifting the caps it had imposed several years ago to
limit growth of Freddie Mac’s and Fannie Mae’s owned portfolios.
Feb 29
I can’t decide what was more troublesome yesterday: the
comically uninformed questions put to Big Ben regarding
mortgage rates, or the comically inaccurate article
printed by CNBC on the same subject. Whatever the case, the media is
awash with analysts, experts, officials, and laypersons offering rather
strong opinions on a subject about which they have such a painfully
shallow understanding.
Feb 29
Bloomberg News reported on Wednesday that Fannie Mae
is proposing to ban the use of appraisals by a lender’s
employees or those arranged by mortgage brokers.
Feb 29
Freddie Mac and Fannie Mae may have
gotten
good news from their regulator which lifted the corporations’
portfolio caps, but their earnings reports for the year just ended were
pretty devastating.
Feb 29
California Governor Arnold Schwarzenegger has announced a massive
program to address a number of aspects of the housing slump in the state
which has probably been harder hit by its effects than any other.
Feb 29
Existing-home sales including single family
residences, condominiums, townhomes, and co-ops continued to move
downward in January, as did their median prices according to the monthly
survey released on Monday by the National Association of Realtors.
Feb 29
Despite the many programs gearing up or in place to help homeowners
resolve problems with their mortgages, foreclosure related
activities continued to increase in January. But, perhaps
partially because of these programs, the rate of increase appears to be
slowing from the pace of previous months.
Feb 29
Two reports on house prices were released on Tuesday
and neither was happy news for homeowners or for the real estate
industry.
Feb 29
Mortgage rates continued to grow in the most recent
week, now approaching very close to the level of interest
rates at the beginning of the year.
Feb 29
The Census Bureau and the U.S. Department of Housing and Urban
Development jointly released their monthly report on new home sales early
Wednesday morning.