Mortgage rates rose this week but still remained below 5 percent, Freddie Mac said Thursday. The average fixed rate on 30-year mortgages was 4.81 percent, up from a record-low 4.71 percent last week. Last year at this time, the average fixed rate for …
WASHINGTON – Just over 31,000 homeowners have received permanent loan modifications since March under the Obama administration’s mortgage relief plan, spotlighting some of the program’s failures. Among big lenders, Bank of America Corp. had the worst …
They will discuss ways to minimize the next wave of foreclosures facing homeowners and commercial mortgage borrowers. Goddard will be joined by AGs from other states hardest hit by the mortgage crisis. He also will be meeting with members of Arizona …
Interest rates on home mortgages edged higher this week, bouncing off record lows, but fixed-rate loans are still averaging well below 5% for those who are coming out of the recession with solid credit and can muster 20% down. Those lucky borrowers …
Mortgage rates rose this week but still remained below 5 percent, Freddie Mac said Thursday. The average fixed rate on 30-year mortgages was 4.81 percent, up from a record-low 4.71 percent last week. Last year at this time, the average fixed rate for …
Just over 31,000 homeowners have received permanent loan modifications under the Obama administration’s mortgage relief plan, a big setback for the government’s embattled effort to stem the foreclosure crisis. Lenders blame the low success rate …
The trouble signs surrounding Lend America had been building for years. A top executive was convicted of mortgage fraud but still helped run the company. Home loans made by its headquarters were defaulting at an extremely high rate. Federal …
WASHINGTON – Just over 31,000 homeowners have received permanent loan modifications under the Obama administration’s mortgage relief plan, a big setback for the government’s embattled effort to stem the foreclosure crisis. Lenders blame the low …
SAN FRANCISCO (MarketWatch) — Freddie Mac (NYSE:FRE) said Thursday the 30-year fixed-rate mortgage average rose to 4.81% with an average 0.7 point for the week ending Dec. 10. In the previous period, the average was 4.71%, and the year-ago average …
WASHINGTON–Just over 31,000 borrowers have received permanent government loan modifications, underscoring the challenges facing the Obama administration’s effort to keep people in their homes. Meanwhile, nearly 700,000 trial modifications are under …
