Recent News

Federal Reserve : Lack Of Congressional Direction Slowing Mortgage Lending

Federal Reserve Governor Elizabeth Duke said mortgage lending is suffering because the "rules of the game" keep changing.

Refinance Frenzy : Nearly 40% Abandon 30-Year Fixed Rate Mortgage

For every $100,000 borrowed on a 15-year mortgage, you'll save nearly $44,000 over the long-term in mortgage interest costs over a 30-year.

HARP 3 : A Framework Emerges From Congress

The White House is requesting updates to the Home Affordable Refinance Program. Millions of additional homeowners would be HARP 3-eligible.

Arizona, Florida, Colorado Among “Improving” Housing Markets

With mortgage rates low in all 50 states and housing markets rising, there are great "deals" to be had -- if you can find them.

Now Accepting Applications For The FHA’s New, Lower Mortgage Insurance Premiums

The FHA starts its new, cheaper MIP schedule June 11, 2012. You don't have to wait until June to apply, though. Start your application today and be among the first in line for new, lower payments.

Mortgage Rate Outlook : Week Of May 14, 2012

Mortgage-backed bonds worsened last week. Mortgage rates figure to rise.

With Mortgage Rates Low, Consumer Sentiment Hits 4-Year High

Low mortgage rates plus rising consumer sentiment is helping to stabilize U.S. housing.

The 15-Month Refinance Boom : Save 29% On Your Mortgage

The Mortgage Refinance Boom is ongoing. At today's rates, you could save 29% off your mortgage interest payments.

Mortgage Delinquency Rates Fall To 3-Year Low

So long as the economy continues to stay strong, mortgage default rates nationwide should continue to drop.

Rising Home Values Help Fannie Mae Post Biggest Profit Since 2007

Fannie Mae reports a $2.7 billion net profit for the first quarter of 2012. Fannie Mae execs cite stabilizing home prices, fewer defaults.

Movie Star Loans Highlight Private Mortgage Market Difficulties

The private mortgage market of RMBS is trying to do more, but risks remain high.

FHA Mortgage Rates Vs Conforming Mortgage Rates : Which Is Better For You?

Is an FHA mortgage better for you than a conventional one? A quick rundown of each product and a comparison chart.

Improving Markets Index : There Are Now 100 Improving U.S. Housing Markets

17 new housing markets were identified as "improving" in May.

Reverse Mortgages : 3 Big Banks Exit Reverse Mortgage Business

MetLife is the latest in a string of banks to cut the Reverse Mortgage program.

Short Sales Play Growing Role in Home Sales

New Short Sale rules for Fannie Mae and Freddie Mac require 30-day approvals.

Foreclosures : There’s A New #1 State For Foreclosure Activity

After more than 5 years, Nevada is no longer the top state for foreclosures. Guess who's the new number one. (HINT: It's NOT California).

Mortgage Rates : Rising Because EVERYONE Wants To Refinance

Refinance applications rose 13.5% this week, straining mortgage lenders and underwriters. Expect higher mortgage rates to slow the flood.

What To Do When Your HARP 2.0 Application Is Denied For High Loan-To-Value

41 percent of HARP applicants report LTVs over 125%. Why are these homeowners having a hard time getting approved for HARP 2.0?

“How Much Home Can I Afford?” Is The Absolute Wrong Question

If your home search starts with the question "How much home can I afford?", you're doing it wrong. Your focus is misplaced. Whether you're a first-time home buyer or an experienced investor; whether you live in high-cost areas such New York City or Los Angeles, or affordable areas such as Columbus, Ohio or Blacksburg, Virginia; […]

Mortgage Rates : Is Spain This Year’s Greece?

Will Spain be this year's Greece? Home buyers and mortgage rate shoppers hope so.