Mortgage Loan Originations Expected To Increase
Bank of America Securities mortgage-bond strategists estimate that mortgage loan originations could double to $3.1 trillion this year.
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Archive for the 'Mortgage Lending' Category (Chronologically Listed)
Interest Rates Drop as Economy Struggles
According to Freddie Mac interest rates on 30-year fixed-rate mortgages fell to 5.03% for the week ending with March 12th.
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Posted by Ryan Fiore on Mar 12 2009 under Mortgage Lending, Mortgage Rates
Mortgage Rates Reach Six Week High
According to Bankrate.com the average 30-year fixed rate mortgage rose to 5.70% from 5.48% for the week ending with February 4th.
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Posted by Ryan Fiore on Feb 05 2009 under Mortgage Lending, Mortgage Rates
Regulation Needed For Underwater Borrowers
James Lockhart, the Federal Housing Finance Agency Director, said that homeowners with Fannie Mae and Freddie Mac mortgages where the loan is more than the house is worth will have to wait for regulation to refinance.
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Relief May Be Coming In The Form Of Mortgage Modifications
Homeowners that have been having trouble paying their mortgage maybe finally be getting some genuine relief.
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Citigroup Plans On Using $36.5 Billion In TARP Funds For Lending
Citigroup announced today that they plan on using $36.5 billion in the Treasury Department’s Trouble Asset Relief Program, or TARP, funds to fund mortgage loans.
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Mortgage Modifications At Record High
Loan modifications reached a record high in December of 122,000 loans that were modified or had a permanent contract change to lower payments.
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Posted by Ryan Fiore on Jan 30 2009 under Mortgage Lending
Bank Bailout Is Adding Up
Economists from Goldman Sachs believe that the cost to restore confidence in the U.S. banks may reach $4 trillion if President Barrack Obama’s plan decides to purchase toxic mortgage loans.
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Posted by Ryan Fiore on Jan 29 2009 under Barack Obama, Mortgage Lending
Former CEO From Merrill Lynch Subpoenaed
Andrew Cuomo, the New York Attorney General, subpoenaed former Merrill Lynch CEO John Thain today in relation to the $4 billion in bonuses that were paid out to top Merrill Lynch executives in December.
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Posted by Ryan Fiore on Jan 27 2009 under Bank of America, Mortgage Lending
Banks Brace For Increased Regulation
Now that we are more than 18 months into the one of the largest financial crises in the last eighty years, bank executives are preparing for large changes to regulation designed to help cure the crisis.
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Posted by Ryan Fiore on Jan 27 2009 under Housing Market, Mortgage Lending