Latest Mortgage Industry News

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Treasury plans a number of actions to speed mortgage relief
Hi all, The Govt. seems to have become active to help the struggling borrows with lower payments through loan modification programs. The US Department of Treasury ...
Shared by Jerry - 2 years, 2 months, 1 week, 2 days, 1 hour, 11 minutes, 55 seconds ago
316 visits | 2 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Mortgage applications sink to 12 year low
Though President Obama signed a legislation extending the first time homebuyers tax credit earlier this month, mortgage applications have fallen to a 12 year low. ...
Shared by Niicss - 2 years, 2 months, 2 weeks, 4 days, 2 hours, 42 minutes, 10 seconds ago
261 visits | 2 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Votes
Govt. announces a new task force to battle financial frauds
Hi all, In an attempt to avoid another financial meltdown, the US Govt. has come up with the creation of a new task force to put ...
Shared by Jerry - 2 years, 2 months, 3 weeks, 23 hours, 24 minutes, 44 seconds ago
242 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Votes
Disclosure rule for interim mortgage sale
The Federal Reserve Board has approved a final rule related to interim mortgage sale. According to this disclosure rule, the lenders should notify the consumers ...
Shared by Smith.sussane - 2 years, 2 months, 3 weeks, 3 days, 3 hours, 30 minutes, 2 seconds ago
391 visits | 3 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Votes
FHA mortgage-insurance reserve ratio hits record low
For the first time since the Federal Housing Agency started publishing the reserve ratio data in 1990, the FHA's mortgage-insurance reserves fell to the lowest ...
Shared by Jerry - 2 years, 2 months, 3 weeks, 6 days, 23 hours, 34 minutes, 23 seconds ago
281 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Votes
Borrowers facing foreclosure can now lease back their homes
In its effort to avoid foreclosures, Fannie Mae will now allow some borrowers to lease back their properties when they are facing foreclosure. Borrowers will ...
Shared by Sara - 2 years, 3 months, 1 day, 14 hours, 31 minutes, 26 seconds ago
272 visits | 2 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

  2

Votes
Mortgage reporting rules: What are the affects on credit score?
Until Oct 31st, 2009, the mortgage lenders reported mortgage modifications in various ways – paid as agreed, partial payments etc. Reporting of mortgage modification as ...
Shared by Niicss - 2 years, 3 months, 1 week, 14 hours, 49 minutes, 7 seconds ago
303 visits | 1 Comments | Are you recommending it?    100%[2]Yes    0%[0]No

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