Jun 10th 2010 11:00AM
Stricter lending rules have helped curb the number of mortgage delinquencies. Agencies from the FHA to Fannie Mae and Freddie Mac are reporting a decreasing number of people who are behind on mortgage payments. But while it seems that mortgage delinquencies have peaked, the number of people still behind on mortgage... Continue Reading »
Jun 4th 2010 4:00PM
Despite still-low interest rates and home prices as a result of a market glut, there are many Americans who believe they will never be homeowners. A survey of visitors to the National Foundation for Credit Counseling's website reveals just how difficult people believe owning a home has become. Of the more than 2,000... Continue Reading »
May 26th 2010 5:00PM
Next time you're inclined to complain about the bankers' bailout, remember that homebuyers are now on government life support as much as anyone. This week, Federal Housing Administration chief David Stevens announced that his agency is now the largest source of home-purchase mortgages in the nation. According to the firm... Continue Reading »
May 26th 2010 1:30PM
Back at the end of March when the Fed stopped buying mortgage-backed assets, economists predicted that mortgage interest rates would start to drift higher toward 6 percent. Well, they were wrong: Rates dropped to 4.2 percent for a 15-year fixed-rate mortgage and 4.87 percent for a 30-year fixed-rate mortgage. What... Continue Reading »
