Tag Archives : mortgage industry

How a Mortgage Company Operates

How a Mortgage Company Operates

Mortgage Company offers are available on Internet. A little research and determination can enable clients to find best packages which suit them. All information is available over Internet but clients should always be aware of potential scams or frauds.

Benefits of Using Mortgage Calculator

Benefits of Using Mortgage Calculator

If currently you are shopping around for a mortgage, then probably you have seen that they come in all shapes and sizes. You would find interest rates that can be variable or fixed, loan terms range from a few years to 30 years (and even 40 years in some of the cases), lenders would also give you…

Fannie Mae Delayed Foreclosure Evictions as a Christmas Gift

Fannie Mae Delayed Foreclosure Evictions as a Christmas Gift

As a Christmas gift Fannie Mae has given homeowners a few more days before they get tossed on the street. No other D.C mortgage lenders have followed Fannie’s lead, but hope so…

Rise in US Mortgage Rates But Still Below 5%

Rise in US Mortgage Rates But Still Below 5%

Yesterday Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.94% with an average 0.7 point for the week ending…

U.S. Luxury Homeowners turned to ‘Short Sales’; as Defaults Rise

U.S. Luxury Homeowners turned to ‘Short Sales’; as Defaults Rise

Homeowners having mortgages of more than $1 million are defaulting at almost twice the U.S. rate. Some of them are turning to so-called short sales in order to unload properties as stock-market losses and reduction in pay squeeze…

Genworth U.S. Mortgage Business Anticipates Profit in 2011

Genworth U.S. Mortgage Business Anticipates Profit in 2011

Today Genworth Financial Inc., which is working as the life insurer and mortgage guarantor, said that in the middle of 2011 the business backing U.S. home loans may return to operating profit…

Rise in Mortgage rates

Rise in Mortgage rates

The US weekly average rate for a 30-year fixed mortgage has raised up from 4.62% to 4.67%.

U.S. Fixed Mortgage Rates Rise from Record Lows

U.S. Fixed Mortgage Rates Rise from Record Lows

Home funding company Freddie Mac said on Thursday that in the past week U.S. fixed home loan rates were at above record lows, tracking bond yields higher following surprise improvement in November employment…

Reverse Mortgages Come to the Rescue

Reverse Mortgages Come to the Rescue

There have been reverse mortgages for nearly 20 years, but they have not been caught on so that much as they have been during the current financial crisis. Seniors are turning towards these loans to tap the equity in their homes and in order to generate…

Mortgage Rates Up in Ohio, way up in Ky.

Mortgage Rates Up in Ohio, way up in Ky.

In Ohio, there has been a slight rise in the price of a 30-year, fixed-rate mortgage over the week, while a bigger jump has been seen by Kentucky…

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