latimes — Record low interest rates for 30-year mortgages edged down another tick, Freddie Mac said in its latest survey , which showed lenders across the nation offering the benchmark loan at 3.78% compared to 3.79% last week. The typical rate on a 15-year fixed loan held steady at 3.04%.
money.cnn — Buying a home got even cheaper this week as interest rates on the 30-year fixed-rate mortgage set a record low for the fourth week in a row.
economywatch.msnbc.msn — Got that sinking feeling? Amid signs that the U.S. housing market is finally rising from a long slumber, a new report from Zillow, a real estate Web site, that homeowners are falling further under water.
money.cnn — Despite rising home prices, more than 30% of borrowers, or close to 16 million homeowners, were underwater on their mortgage during the first quarter, according to Zillow.
business.time — (WASHINGTON) — Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify. Mortgage buyer Freddie Mac says the rate on the 30-year loan dipped to...
latimes — OK, maybe it's not as jaw-dropping as crashing the 5% or the 4% barrier. But Freddie Mac says 30-year mortgage rates have fallen below 3.8% for the first time to average 3.79%, down from a then-record 3.83% a week ago.
zillow — Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.59 percent, down from 3.65 percent at this same time last week. This represents the lowest rate reported since Zillow Mortgage Marketplace launched in April 2008 and the first time...
money.cnn — Ally Financial's ResCap mortgage unit filed for a prepackaged bankruptcy protection Monday, a move that the taxpayer-owned bank says will allow it to take another step to repay Treasury.
latimes — WASHINGTON -- American banks have made significant strides in boosting their financial health since the recession, but the same cannot be said of their lending activity, especially for home mortgages, Federal Reserve Chairman Ben S. Bernanke said.
bottomline.msnbc.msn — Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week. The 30-year loan ticked down to 3.83 percent, the lowest since long-term mortgages began in the 1950s.
money.cnn — Mortgage interest rates hit new lows this week as both the 30-year and the 15-year fixed-rates fell, according to a weekly survey by Freddie Mac. It was the second consecutive week that rates broke records.
latimes — Proposals from the Consumer Financial Protection Bureau include requiring flat origination fees so that consumers could more easily compare them.WASHINGTON — The Consumer Financial Protection Bureau is considering new rules on mortgage fees, including banning origination charges based on the size of the loan.
zillow — Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.65 percent, down from 3.69 percent at this same time last week. This represents the lowest rate reported since Zillow Mortgage Marketplace launched in April 2008. The previous low was...
latimes — Federal authorities have advised Wells Fargo & Co. that they may seek damages and fines for alleged discrimination in mortgage lending.
latimes — Banks have been slow to lower borrowers' interest rates or forgive a portion of the money owed. A Bank of America customer's two-year struggle is just one example.This is a story of persistence.
latimes — The mortgage giants sign on to Keep Your Home California, a $2-billion foreclosure prevention program, after state drops a requirement that lenders match taxpayer funds used for principal reductions.As California pushes to get more homeowners into a $2-billion foreclosure prevention program, some Fannie Mae and Freddie Mac borrowers may see...
latimes — With Bank of America and Citigroup taking a back seat, Wells is now originating 34% of all home loans. Some are worried that any distress at the San Francisco bank could roil the housing market.Wells Fargo & Co. has become so dominant in the mortgage business that major investors and...
latimes — Stop me if you’ve heard this before, but mortgage rates are again at record lows, with lenders offering 30-year loans at an average of 3.84%, Freddie Mac’s weekly survey shows.
economywatch.msnbc.msn — Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to buy or refinance homes.
zillow — When you buy a house or an apartment, there are several steps: You decide how much money you can spend; find a property you like; make an offer; negotiate an acceptance; sign a contract; line up your financing, and then close on the property. So, in some sense closing is what...
zillow — Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.69 percent, down from 3.72 percent at this same time last week. After rising to 3.77 percent on Wednesday, the 30-year fixed mortgage rate hovered between 3.7 and 3.74 percent...
latimes — The director of the Federal Housing Finance Agency is under pressure to allow principal reductions for loans under Fannie and Freddie after disclosures that one cost-saving plan was scrapped.WASHINGTON — Pressure is mounting on a key federal regulator to allow Fannie Mae and Freddie Mac to reduce loan principal amounts...
