Mar 9th 2012 11:00AM
WASHINGTON -- Government-controlled mortgage giant Freddie Mac has requested just $146 million in additional aid after posting a smaller loss in the fourth quarter. That's far less than in the third quarter, when Freddie received $6 billion from the government. It received $7.6 billion for all of 2011. Freddie Mac said... Continue Reading »
Nov 9th 2011 11:00AM
Mortgage applications increased 10.3 percent this past week as more homeowners refinanced existing mortgages or took advantage of lower interest rates to buy homes. The Mortgage Bankers Association said its market composite index -- a measure of loan application volume -- increased 10.3 percent on a seasonally adjusted... Continue Reading »
Oct 5th 2011 1:30PM
The $8 billion Federal Housing Administration Short Refi program, launched in September 2010 to refinance underwater mortgages, helped 301 borrowers in 11 months, according to Department of Housing and Urban Development data analyzed by HousingWire. The program was initially expected to reach between 500,000 and 1.5... Continue Reading »
Apr 26th 2011 4:12PM
What happens when you refinance your mortgage, but the mortgage broker doesn't pay off the first loan? Just ask Keon Williams of Milwaukee. Williams came home one day to find the locks on his home changed. Now he and his attorney are fighting to keep Harris Bank -- which acquired the one-story bungalow at a sheriff's sale... Continue Reading »
Feb 16th 2011 11:40AM
Nothing's a sure thing with mortgage rates, and the longer you wait, the greater your chance of missing a prime opportunity to refinance your home mortgage. That was the message from a recent video interview with Jean Chatzky, finance editor for NBC's Today Show. Nikhil Hutheesing from our sister site, DailyFinance, asked... Continue Reading »
