http://www.mtgfoundation.com the lowest home loan rates Mon, 13 Apr 2009 18:30:11 +0000 http://backend.userland.com/rss092 en 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.These jumbo loans are any loan that exceeds the max loan amount limits set by Freddie Mac or Fannie Mae, which is $417,000. Companies like ... http://www.mtgfoundation.com/?p=4895 According to the Obama administration the economy is showing hopeful signs that the free fall we have been experiencing is leveling off. Lawrence Summers, director of President Barack Obama's National Economic Council, said there have been some encouraging signs the dive in economic activity that began late last year was ... http://www.mtgfoundation.com/?p=4901 According to a study from the Boston Federal Reserve unemployment is the main reason for missed mortgage payments over high interest rates. This raises questions about President Barack Obama's plan to stop foreclosures by using loan modifications. The study states that borrowers are more likely to default on their mortgage ... http://www.mtgfoundation.com/?p=4898 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. The report showed that ... http://www.mtgfoundation.com/?p=4886 Today government officials announced that scammers are seeking to take advantage of borrowers that are in danger of default.Many of these companies incorporated official-sounding names to make borrowers think that they are taking advantage of one of Obama's loan modification or refinancing programs. "These predatory scams callously rob Americans of their ... http://www.mtgfoundation.com/?p=4882 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. The average 30-year fixed-rate mortgage fell .07 percent from last week to 4.78% at the cost of .7 as of today. 15-year fixed-rate ... http://www.mtgfoundation.com/?p=4876 Brooklyn developer Eliyahu Ezagui was indited Wednesday in a mortgage scam where he allegedly took more than $18 million from condo buyers and banks.Federal prosecutors say Ezagui prayed on fellow Hasidic Jews in Crown Heights where he enticed families into purchasing condos but never turned over the deeds to the ... http://www.mtgfoundation.com/?p=4872 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. The order states that 2nd Chance Negotiations was not licensed and legally authorized to perform loan modification services. And ... http://www.mtgfoundation.com/?p=4868 According to the Primary Mortgage Market Survey released by Freddie Mac weekly the current average interest rate on a 30-year fixed-rate mortgage is 4.85% at the cost of .7 for the week ending with March 26th. This is down .13% from the interest rates the previous week and significantly lower ... http://www.mtgfoundation.com/?p=4864 Bank of America Securities mortgage-bond strategists estimate that mortgage loan originations could double to $3.1 trillion this year. Several factors have been leading to this including historically low interest rates and slowly loosing guidelines at Fannie Mae and Freddie Mac. According to the research note “These two factors could lead to ... http://www.mtgfoundation.com/?p=4860