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Posts related to ‘mortgages’

Mortgage Rates Hit A Record Low — Again

Posted: July 9, 2010 at 6:00 am

Freddie Mac reports that mortgage rates hit another record low of 4.57% on a 30 year fixed home loan last week. That is down from the previous record low hit ...
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Mortgage Rates Hit All-Time Low, Buyers Remain Uninterested

Posted: July 1, 2010 at 10:41 am

Interest rates on 30-year, 15-year, and 5-year mortgages hit all-time lows, which has done nothing to simulate the real estate market. There is no end in sight to the buyer's ...
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A Task For US Government: Suspending Foreclosures In The Gulf

Posted: June 17, 2010 at 5:23 am

Citigroup (NYSE: C) said it would halt foreclosures in areas 30 miles or less from the Gulf oil spill and suspend evictions for people in homes in the region for ...
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Subprime Payment Rates Improve — For How Long?

Posted: April 15, 2010 at 5:13 am

The credit ratings service Fitch says that payment rates on subprime montages improved for the first time in four years. "The share of subprime loans that were at least 60 ...
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TARP Oversight Panel Say Obama Mortgage Program Ineffective

Posted: April 14, 2010 at 4:15 am

The Congressional Oversight Panel that keeps track of the TARP has a message for the Administration: The home loan modification program is moving so slowly that it cannot come close to matching ...
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Big US Banks Recoil Against Plan To Revalue Mortgages

Posted: April 13, 2010 at 5:22 am

JPMorgan (JPM) and other big US banks have started a campaign against the Administration's proposed program for them to cut the amount of the principles on the mortgages of millions of ...
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What 10% Mortgage Rates Do To Housing

Posted: April 11, 2010 at 8:04 pm

Mortgage rates moved above 5% last week and many economists expect the number to rise above 6% by the end of the year. "It certainly will make it harder for ...
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Data On US Apartment Vacancies “Less Bad”

Posted: April 6, 2010 at 4:23 am

In keeping with the tradition of reporting data that is "less bad" than it was a year ago instead of "much worse", real estate research firm Reis said that US apartment ...
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White House Attempts To Help Homeowers “Meaningless”

Posted: March 24, 2010 at 4:06 am

The Administration's Home Affordable Modification Program was meant to spend as much as $75 billion to keep people in their homes. Mortgage holders who could not make their monthly payments might have them ...
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US Foreclosure Activity Slows Considerably

Posted: March 11, 2010 at 6:07 am

After a month of bad news about housing starts, existing home sales, and mortgage delinquencies, the number of homes going into foreclosure is slowing rapidly. RealtyTrac reported 308,524 U.S. properties ...
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Pimco Bets The Farm On Mortgage Debt

Posted: May 23, 2008 at 4:22 am

The Pimco Total Return, run by highly-worshiped bond manager Bill Gross, is putting most of its chips into mortgage debt. The fund, which manages $130 billion, is counting on the ...
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