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- Commanding Respect
With lenders going into contortions to find borrowers in these uncertain times, the cookie-cutter mortgage platform sometimes just doesn't fill the bill.
Tue, 16 May 2006 08:00:00 CDT - Fannie Moves to Placate Lenders
Fannie Mae planning changes to its "My Community Mortgage" suite of loans in an effort to reach deeper into the first-time buyer market -- and placate lenders.
Tue, 16 May 2006 08:00:00 CDT - Lenders Told to 'Talk the Talk'
Printing mortgage documents in foreign languages isn't enough to reach the growing legions of minority and immigrant homebuyers, according to a Freddie Mac executive.
Tue, 16 May 2006 08:00:00 CDT - Fed raises short-term rates for 16th time
The Federal Reserve has raised short-term interest rates for the 16th time in a row, lifting the target for the federal funds rate to its highest level in more than five years.
Tue, 16 May 2006 08:00:00 CDT - Freddie Mac Has An Expensive Week
Freddie Mac bit the bullet this week, settling two legal issues for over $413 million.
Tue, 16 May 2006 08:00:00 CDT - Second Half 2005 Mortgage Volume Up As Homeowners Shift to Fixed-rate Products
According to the Mortgage Originations Survey released today, first mortgage originations increased by 14 percent from the first half to the second half of 2005.
Tue, 16 May 2006 08:00:00 CDT - 2006 home sales to fall 7 to 10 pct: Fannie
U.S. home sales will likely fall 7 to 10 percent in 2006 from 2005's record level but will still mark the third strongest year ever.
Tue, 16 May 2006 08:00:00 CDT - 30-Year Mortgage Rates Edge Down Slightly
Rates on 30 year mortgages edged down this week, the first decline after six straight increases, according to a nationwide survey.
Tue, 16 May 2006 08:00:00 CDT - Who's The Next Mortgage Target?
The Mortgage Bankers Association estimates that this year, even with interest rates stabilizing, the volume of new mortgage loans will drop 14% from the $2.7 trillion logged last year.
Tue, 16 May 2006 08:00:00 CDT - Why Should I Monitor My Credit Report?
One good reason you should monitor your credit report is to check it for errors. CBS News reports that four out of five credit reports have errors on them.
Tue, 16 May 2006 08:00:00 CDT
