It sounds simple, yet a lot of borrowers in trouble with mortgage payments never consider the possibility when it comes to home loan rates.
Read the rest of this entry »
Wells Fargo & Co., the second-largest U.S. mortgage lender, said Thursday it will close its subprime lending business, which processes and funds home loans for third-party mortgage brokers.
Read the rest of this entry »
Problems with delinquent mortgages are likely to worsen through this year and well into 2008, a new housing market study predicts.
Read the rest of this entry »
The chief executive of Countrywide Financial Corp. said this week that he expects the number of U.S. home mortgage lenders with large market shares to fall to five from 10.
Read the rest of this entry »
… follow this advice:
Read the rest of this entry »
Many Americans are finding themselves unable to make mortgage payments. Those folks generally share common traits:
They’ve borrowed too much, they’ve lost their jobs or they hold an adjustable rate mortgage - and mortgage rates are soaring.
Read the rest of this entry »
U.S. home mortgage loan rates fell a bit this week after rising sharply over the past two months, a Freddie Mac survey released Thursday shows.
Read the rest of this entry »
The head of Freddie Mac has a bearish outlook for the housing market.
Read the rest of this entry »
Central Valley, Calif., existing home sales and prices continued to slide in June, the California Association of Realtors reported Wednesday.
Read the rest of this entry »
The credit quality of U.S. mortgages is set to weaken substantially through the remainder Read the rest of this entry »
of 2007 and well into next year, with delinquencies peaking in mid-2008, Moody’s Economy.com said this week.