Since the start of the credit crisis “niche” products like jumbo lending have suffered dramatically with most lenders either dramatically raising rates or completely eliminating the program.
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According to the Obama administration the economy is showing hopeful signs that the free fall we have been experiencing is leveling off.
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According to a study from the Boston Federal Reserve unemployment is the main reason for missed mortgage payments over high interest rates.
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A report by the Office of Thrift Supervision and the Office of the Comptroller of the Currency, which regulates mortgage lenders, shows that even though mortgage lenders have increased their foreclosure prevention efforts there are many challenges facing the industry and government efforts to stem foreclosures.
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Today government officials announced that scammers are seeking to take advantage of borrowers that are in danger of default.
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Freddie Mac announced today that interest rates continued to fall as the Federal Reserve has continued to ramp up purchases of mortgage-backed bonds to support residential lending.
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Brooklyn developer Eliyahu Ezagui was indited Wednesday in a mortgage scam where he allegedly took more than $18 million from condo buyers and banks.
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After a joint investigation by the California Department of Corporations and the Department of Real Estate issued a Desist and Refrain Order against 2nd Chance Negotiations, Inc., a loan modification company.
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