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- turntim on Bank Of America Defends Loan Modification Program
- For those who are defending the "lenders" who have been engaging in illegal conveyences and assignments. It is amazing that today in America it is more shameful to be behind on your bills than it is to perpetrate fraud, deception & othe criminal activ on Fight Your Mortgage Servicer With This Knock Out Punch
- Denice Thomas on Hardship Letter
- BA on $100 Million Lawsuit Filed Against Bank Of America
- Ocwen foreclosed on our after taking two payments after stringing us along for three years. Calling India is impossible. I do not believe thery are helping Americans.. Who can I turn to? on President Obama’s Foreclosure Prevention Plan Explained
- Karl on Principle Reductions: Wipe Out Your 2nd Mortgage With Bankruptcy
- James on Not getting help from Bank of America? Here is a special email form to get help today!
- Bill Jenkins on Chris Fox & Curt Melone: Ex-Associates and Family Speak Out
- wilson mahmood on Loan modification mishap involving Bank of America
Free Loan Modification Help
- Will being an Accommodation Buyer for another mortgage affect my Refinance?Forum: Ask the Attorneys? Posted By: teejay Post Time: 02-09-2012 at 10:16 AM […]
- Chase sent HAMP Mod Docs but already have Chase CHAMP Permanent Mod?Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: tadias13 Post Time: 02-09-2012 at 10:03 AM […]
- Newbie Help with Timelines for settlement of credit card debt??????Forum: Debt Settlement Posted By: saintjoseph Post Time: 02-09-2012 at 10:03 AM […]
- 1099 c but no foreclosureForum: Foreclosures Posted By: Nvrgvup Post Time: 02-09-2012 at 09:09 AM […]
- Bankrupty after HAMP ModificationForum: Mortgage Bankruptcy Posted By: jfmiller Post Time: 02-09-2012 at 09:06 AM […]
- Note of Intent to Foreclose Certified via USPS, "Trial" Payment Approval via FEDEX same DAY..HELP?!Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: Upside Post Time: 02-09-2012 at 08:58 AM […]
- Modification gone wrongForum: Countrywide Home Loans - Tell Us Your Countrywide Story Posted By: manongagnon Post Time: 02-09-2012 at 08:46 AM […]
- AG's are announcing settlement with the banks todayForum: UNITE & FIGHT - Share Your Ideas on How Homeowners Can Fight Back Against Fraud Posted By: estela13 Post Time: 02-09-2012 at 07:52 AM […]
- 3rd Lien Holder Holding Up Sale -- Now Wants to Purchase Home!!!Forum: Short Sale Outpost Posted By: bburkemper Post Time: 02-09-2012 at 06:59 AM […]
- Which financial situation works in favor of mod vs. FC from the bank's POV?Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: inthetrenches Post Time: 02-09-2012 at 06:45 AM […]
Freddie Mac
Appraisers Say New Rules Will Cause Confusion
(Source: The Boston Globe By Jenifer B. McKim) – New guidelines aimed at standardizing the way home appraisals are conducted will result in confusion, delays, and higher costs in an already vulnerable housing market, according to many home-appraisal professionals.
5 Tips for Refinancing a Mortgage Today
BOSTON (Source: MainStreet By Jerold Leslie) – Fears of a “double-dip” recession and the possibility of a widening European debt crisis have lowered U.S. mortgage rates to levels not seen in more than half a century.
How Congress Could Help you Refinance Your Mortgage
(Source: The Washington Post By Ezra Klein) – To emphasize a point I made in a Thursday post, the Obama administration can’t use Fannie Mae and Freddie Mac to do a mass refinancing of troubled mortgages. They need the Federal [...]
Fannie, Freddie Takeover Could be Key to Obama Jobs Plan
(Source: FOx News By Chris Stirewalt) – At the center of the Panic of 2008 were defaults on cheap mortgages for Americans with poor credit. The latest idea to reverse the resulting recession is for the government to offer cheap [...]
A Weak Economy Trampled by Battling Giants
(Source: The Boston Globe By Paul McMorrow) – IT’S BEEN more than four years since the subprime mortgage market seized up. The three-year anniversaries of the Lehman Brothers bankruptcy and the nationalization of Fannie Mae and Freddie Mac are weeks [...]
Are Big Banks In Trouble? Three ETFs To Watch
(Source: Business Insider) – The past few weeks have seen violent behavior in equity indexes as a slew of negative news and data led to some of the most volatile trading days since the 2008 crash. The problems largely began [...]
After $65 Billion, Fannie and Freddie Want More of Your Money
(Source: New York Post Abby W. Schachter) – The government-backed mortgage finance houses Fannie Mae and Freddie Mac have sucked up $65 billion in taxpayer bailout funds. But it’s not enough. Freddie Mac wants $1.5 billion more and Fannie Mae [...]
Time to Sell Out of Mortgage REITs
(Source: Seeking Alpha) – S&P’s downgrade of Treasury Bonds will have widespread impact on the bond market. How will this affect the high yield mortgage REITs that rely on interest spreads? REITs such as Cypress Sharpridge (CYS), Annaly Capital Management [...]
UBS Sued by U.S. Over $4.5 Billion in Mortgage Securities
(Source: Bloomberg By Bob Van Voris) – UBS AG (UBSN) was sued by the U.S. over $4.5 billion in residential mortgage-backed securities sold to Fannie Mae and Freddie Mac as regulators went to court for the first time to recoup [...]
Time for Action on Freddie and Fannie
(Source: New York Times By AGNES T. CRANE, GEORGE HAY and PETER THAL LARSE) – A year after passage of the Dodd-Frank act, the $10.5 trillion American mortgage market remains in limbo. One big reason is that the law scarcely [...]
Lower Mortgage Limits Are a ‘Trade-Off’ Bernanke Says
(Source: CNBC By: Diana Olick) – For those of you worried that the scheduled expiration of higher loan limits at Fannie Mae, Freddie Mac and the FHA will have a negative effect on the housing market by raising the cost [...]
When Refinancing Doesn’t Make Sense
(Source: Smart Money By JILIAN MINCER) – For homeowners frightened by debt, paying off a mortgage has taken on new urgency — so much so that they’re opting for higher monthly payments just to be debt-free sooner. But with interest [...]
Banks Ready for Jumbo Loan Switch
WASHINGTON (Source: NewsTimes) – How big a deal is the upcoming cutback in mortgage limits for Fannie Mae, Freddie Mac and the Federal Housing Administration? Will buyers and sellers who depend on jumbo-sized loans find themselves in a financing squeeze [...]
Bad Mortgages Weigh on Banks
(Source: The Wall Street Journal BY NICK TIMIRAOS) – U.S. banks hold a much higher rate of defaulted mortgages on their books than do mortgage giants Fannie Mae and Freddie Mac, according to a report issued Wednesday by the Office [...]
Condo Sales Up, Home Sales Level
May 20–PANAMA CITY (Source: The News Herald By Chris Segal) – Home sales leveled out in April with a slight decrease from the previous year’s number, but condo sales increased 42 percent from the same time period last year, according [...]
Mortgage Rates Continue Decline
NEW YORK (AP) (Source: Tulsa World By Janna Herron) – Fixed mortgage rates fell this week to the lowest point of the year, offering incentive for homeowners to save money by refinancing their loans.
Mortgage Rates Rise For Fourth Week
(Source: The Hartford Courant, Connecticut By Kenneth R. Gosselin) – Mortgage rates edged up for the fourth week in a row, as the home buying entered what is traditionally the busiest season for sales.
U.S. Mortgage Rates Edge Higher
(Source: United Press International ) – Average interest rates for 15-year and 30-year mortgages rose in the week ending Wednesday, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
Mortgage Rates Rise For Third Week
(Source: The Hartford Courant, Connecticut By Kenneth R. Gosselin) – Mortgage rates inched up for the third week in a row, after an encouraging jobs report last week signaled the economy may be on the mend.
Mortgage Rates Inch Up For A Second Week
(Source: The Hartford Courant, Connecticut By Kenneth R. Gosselin) – Mortgage rates inched higher this week, even though market indicators show the housing market is still struggling.
First-Time Home Buyers Getting Shut Out
(Source: USA TODAY By Julie Schmit) – Many first-time home buyers are sitting on the sidelines of the U.S. housing market, hampering its ability to gain traction.
Rate on 30-Year Mortgage Climbs to 4.81%
(Source: Tulsa World ) – The nation’s benchmark mortgage rate has edged higher but remains under 5 percent.
Mortgage Rates Drop Amid Crisis in Japan
(Source: The Hartford Courant, Connecticut By Kenneth R. Gosselin) – The rates on popular options for buying a home or refinancing a mortgage dropped this week, part of the fall-out from the crisis in Japan.
Average rate on 15-year mortgage dips below 4 pct.
(Source: Associated Press/AP Online By JANNA HERRON) NEW YORK – Fixed mortgage rates tumbled this week and the 15-year loan dipped below 4 percent for the first time in three months. Rates followed the yield on U.S. Treasury bonds, which [...]
Rate on 30-year mortgage ticks up to 4.88 pct.
(Source: Associated Press/AP Online) WASHINGTON – Fixed mortgage rates were relatively flat this week, with the 30-year loan just under 5 percent. Freddie Mac says the average rate on a 30-year fixed mortgage ticked up to 4.88 percent from 4.87 [...]
Mortgage Rates Drop For Third Week In A Row
(Source: The Hartford Courant, Connecticut By Kenneth R. Gosselin) – Mortgage rates dropped for the third consecutive week as the struggling economic recovery kept housing demand weak.
US’s Geithner: mortgage costs to rise with reform
(Reuters) – U.S. Treasury Secretary Timothy Geithner said on Tuesday that future mortgage costs likely will be “modestly higher” after reforms are completed to the national housing finance system. Testifying before the House Financial Services Committee, Geithner said it will [...]
Average rate on 30-year mortgage dips to 5 percent
(Source: Associated Press/AP Online By JANNA HERRON) NEW YORK – Fixed mortgage rates inched down this week, following a dip in Treasury yields. The average rate on a 30-year fixed mortgage slipped to 5 percent from 5.05 percent last week, [...]
Here’s one idea to spark loans to low-income homebuyers again
(Source:By Tony Pugh, McClatchy Washington Bureau) — When a Boston community development group needed money to expand an innovative lending program that fights area foreclosures, it had high hopes. In less than a year, the Stabilizing Urban Neighborhoods program at [...]
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