Mortgage Latest Information

Mortgage Latest Information

Mortgage Rates New Record Low Attracts Attention From Consumers According To BurlingtonMortgage.biz
Mortgage Rates New Record Low Attracts Attention From Consumers According To BurlingtonMortgage.biz Home mortgage rates have set yet another record, dropping to new lows for 30 year fixed, 15 year fixed, and 5 year ARM home loans, according to mortgage rate research website, BurlingtonMortgage.biz. "Around the holidays refinancing or buying a home just isn't on most people's radars" explains Nat ...

Mortgage Tornado Warning, Unheeded
Inspired by a personal experience, a businessman began delving into the practices of the mortgage industry, including Fannie Mae. His findings have been prescient.

Reverse mortgage may be best option for elderly homeowner
A reverse mortgage would enable an 82-year-old woman who needs cash to tap the substantial equity in her home. Dear Liz: My healthy and active 82-year-old mother is faced with having to sell her home this year because she's running out of money. She has lived a very minimal lifestyle for many years as her savings dwindled, and her income is now basically Social Security. She owes $25,000 on a ...

Risky Mortgage-Bond Trading Rise May Invite Fed Sale
Trading in the riskiest mortgage-backed securities has more than doubled since the start of the year, encouraging once-shy investors to try to strike deals with motivated sellers, including the Federal Reserve Bank of New York.

New York sues banks over electronic mortgage system
NEW YORK (Reuters) - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices. Schneiderman filed the lawsuit against Bank of America Corp , Wells Fargo & Co and JPMorgan Chase & Co in New York state court in Brooklyn. The lawsuit is over the banks ...

Bankrate: Mortgage Rates Hit New Record Lows - Again
NEW YORK, Feb. 2, 2012 /PRNewswire/ -- This week brought yet another record low in mortgage rates, with the average 30-year fixed mortgage rate falling to 4.12 percent, according to Bankrate.com's weekly ...

30-Year Fixed Mortgage Rate Drops 10 Basis Points; Current Rate is 3.72%, According to Zillow Mortgage Rate Ticker
SEATTLE -- The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 3.72 percent, down 10 basis points from 3.82 percent at this same time last week. On Jan. 17, the 30-year fixed ...

Challenging Economy Continues to Weigh on Mortgage Insurers
NEW YORK, NY-- - Expectations for Mortgage Insurers remain poor in 2012 as significant weakness remains in the jobs and housing markets. In late January, S&P lowered its outlook on three mortgage insurers ...

Illinois accuses mortgage firm of robosigning
(Reuters) - The attorney general in Illinois on Thursday sued a mortgage document firm and said it filed "faulty" documents with local governments in a rush to process mortgages and foreclosures. Nationwide Title Clearing Inc was a "key contributor" to the mortgage crisis by "undermining the integrity and accuracy of the mortgage servicing and foreclosure process," Attorney General Lisa Madigan ...

Mortgage rates fall to new lows (again)
Mortgage rates once again hit new lows in response to the slowly growing economy

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