The Problem With Mortgage Rate Surveys
Every week, mortgage financier Freddie Mac comes out with a mortgage rate survey, which reveals the average interest rate (and points) charged by lenders for… Read More »The Problem With Mortgage Rate Surveys
Why Your Mortgage May Get More Expensive
Last Friday, the Federal Housing Finance Agency (FHFA) announced plans to increase guarantee fees (g-fees) on loans sold to Fannie Mae and Freddie Mac. Banks… Read More »Why Your Mortgage May Get More Expensive
Are Younger Underwater Homeowners More Responsible Borrowers?
Zillow released the second edition of its new Zillow Negative Equity Report today, revealing some interesting statistics about age and underwater borrowers. The company noted… Read More »Are Younger Underwater Homeowners More Responsible Borrowers?
Introducing HAFA II: A Quicker Short Sale Process
The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, has released details of a new program to expedite short sales. The program… Read More »Introducing HAFA II: A Quicker Short Sale Process
The Word ‘Underwater’ Gets New Dictionary Meaning
In recent years, new words (or jargon really) tied to the ongoing credit and mortgage crisis have found their way into fancy official dictionaries. Just… Read More »The Word ‘Underwater’ Gets New Dictionary Meaning
FHFA: No Principal Forgiveness for You!
The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, concluded today that principal forgiveness is not the best approach to help… Read More »FHFA: No Principal Forgiveness for You!
New Refinancing Program for Loans Not Owned by Fannie or Freddie
Yet another mass refinancing program has been proposed, this time by Oregon Senator Jeff Merkley. His program, “The 4% Mortgage: Rebuilding American Homeownership” (RAH), is… Read More »New Refinancing Program for Loans Not Owned by Fannie or Freddie
Facebook Founder Mark Zuckerberg Has a 1% Mortgage
It’s always interesting to see what the rich and famous are doing, right? Heck, celebrity magazine Us Weekly features a section called “Just Like Us,”… Read More »Facebook Founder Mark Zuckerberg Has a 1% Mortgage
Don’t Use Pennies to Pay Your Mortgage
You may have read a certain ABC news report that a man made his final mortgage payment with pennies he had collected over the years.… Read More »Don’t Use Pennies to Pay Your Mortgage
Housing Bottom Now Expected in 2013, Recovery Looks Weaker
There’s been a lot of interesting housing-related news over the past week, with some good and some bad. The first bit is that economists finally… Read More »Housing Bottom Now Expected in 2013, Recovery Looks Weaker