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mortgageA Federal Reserve program to buy as much as $1.25 trillion in securities backed by home loans has helped reduce mortgage rates this year. The program is scheduled to end the first quarter of next year. The bond purchases from Fannie Mae, Freddie Mac ... Read more
Mortgage Rates in U.S. Decline to Record Low - BusinessWeekRates for a 30-year-fixed-rate mortgage hit an all-time low of 4.71 percent for the weekly survey ... Low mortgage rates and the cumulative decline in house prices have contributed to an extremely affordable housing market and helped spur home sales ... Read more
Mortgage rates hit record low in Freddie Mac survey - Boston GlobeA Lee County deputy is one of two people indicted in federal court on Wednesday on mortgage fraud charges. Christopher Hernandez, 28, who works as a corrections deputy, and Clayton John are accused of conning Valley Bank into loaning them $244,000 in ... Read more
Lee deputy indicted on mortgage fraud charges - Naples Daily NewsMGIC (NYSE:MTG) said the Office of the Commissioner of Insurance for the State of Wisconsin, or OCI, waived a requirement that its main subsidiary, Mortgage Guaranty Insurance Corporation, keep a specific level of minimum regulatory capital to write ... Read more
MGIC jumps as regulator eases capital requirement - MarketwatchAmerican Savings Bank will report a $19 million charge in parent company Hawaiian Electric Industries’ fourth quarter, as a result of selling its mortgage-related securities. The company announced late Wednesday that it sold $225 million of private ... Read more
American Savings Bank to report $19M charge for selling securities - MSN MoneyThe Treasury Department unveiled sweeping rules this week to help financially troubled homeowners who need to sell but can't get a price high enough to pay off their mortgages. Homeowners will even get $1,500 to help cover their moving costs. The ... Read more
Treasury Department unveils new rules about 'short sales' - Medford Mail TribuneThe average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. The rate, published Thursday by Freddie Mac, is the lowest since the ... Read more
Mortgage Rates Drop - The LedgerWASHINGTON — The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. The rate, published Thursday by Freddie Mac, is the lowest ... Read more
Mortgage rate sets record low - Asbury Park PressMortgage interest rates have dropped to an all-time low, which experts say could cheer the depressed South Florida housing market. The average for a 30-year fixed-rate mortgage fell to 4.71, Freddie Mac , the federally run mortgage finance company ... Read more
Mortgage interest rates hit record low - Fort Lauderdale Sun-SentinelWASHINGTON — The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. The rate, published Thursday by Freddie Mac, is the lowest ... Read more
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