WASHINGTON, Dec. 9 /PRNewswire-USNewswire/ — A $3 billion emergency mortgage assistance program for unemployed homeowners — authored by Congressman Chaka Fattah (D-PA) and based on a successful Pennsylvania program that Fattah helped create as a …
Based on credit performance of 27m consumers, national credit bureau TransUnion projects mortgage delinquencies of 60 or more days to drop nearly 3% by year-end 2010 to 6.39%, from an expected 6.56% at year-end 2009. Recent years marked a series of …
Freddie Mac said Tuesday that its Conventional Mortgage Home Price Index (CMHPI) registered a 0.9 percent quarterly gain during the third quarter 2009 for the U.S. That follows an upward revised 2.0 percent pickup in the second quarter and marking …
WASHINGTON (Reuters) – U.S. wholesalers started restocking in October for the first time in more than a year, suggesting the economy could get a lift as a long-running effort by businesses to pare inventories reaches an end. The Commerce Department …
Elizabeth Warren, chair of the watchdog panel, told reporters that the program is “not working” and that it had failed to make a dent in the record level of foreclosures. More than 14 percent of homeowners with a mortgage are either late on their …
WASHINGTON (Reuters) – U.S. wholesalers started restocking in October for the first time in more than a year, suggesting the economy could get a lift as a long-running effort by businesses to pare inventories reaches an end. The Commerce Department …
WASHINGTON (Reuters) – The U.S. Justice Department sought to assure lawmakers on Wednesday that prosecutors are rooting out mortgage and corporate fraud after Wall Street’s meltdown wiped out trillions of dollars in investments and laid bare the gaps …
The mortgage market started off yesterday’s session on fire. Mortgage-backed securities prices were deep in the green and lenders issued aggressive rate sheets. It was a great start to the day, but it didn’t last. After reaching a peak in the morning …
Six-month convertible 4.65 per cent, no change Six-month open 6.70 per cent, no change One-year open 6.45 per cent, no change One-year closed 3.60 per cent, no change Two-year closed 3.75 per cent, no change Three-year closed 4.25 per cent, no change …
Mortgage application volume increased 8.5 percent during the week ending Dec. 4, as more borrowers refinanced loans to lock in interest rates near record lows, according to a report Wednesday from the Mortgage Bankers Association. Refinancing …
