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Hi, my name is Erik Sandstrom, and I’m the mortgage expert on LoanSafe.org. We have been offering free online mortgage help and tools specifically for consumers since 2007.

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Current Mortgage Rates Drop

Average mortgage rates for the week ending August 11, 2016 have changed a little from the previous week and remaining near historic lows, according to the latest report from Freddie Mac. Freddie Mac reported the 30 year fixed mortgage averaged 3.45% with an average...

Fannie Mae Updates Loan Modification Policies and Mortgage Servicing Guidlelines

The mortgage servicng guidelines for Fannie Mae loans were recently updated in the latest Servicing Guide Announcement SCV for 2016-2017. The changes reflect Fannie Mae Streamlined Modifications, Government Mortgage Loan Modifications, Processing a Workout Incentive...

Mortgage Delinquencies and Foreclosures Decline As Mortgage Solutions Rise

Mortgage delinquencies and foreclosures were on the way down, and mortgage help on the way up during the second quarter of 2016 according to the latest report issued by HOPE NOW. Approximately 120,000 homeowners received mortgage assistance during the 2Q 2016. Serious...

Current Mortgage Rates for Wednesday August 17, 2016

Mortgage rates for this Wednesday morning are mostly unchanged from our last report. The current 30-year fixed-rate national average is at 3.45%, and the 15 year mortgage is 2.76%. The 5-year adjustable-rate mortgage (ARM) is averaging in at 2.74%, and the 1-year ARM...

Bank of America to face racketeering lawsuit for denying loan modifications

Massive consumer victory upholds claims that BOA’s HAMP mortgage-modification program was a RICO enterprise The nation's seconds largest banking institution, Bank of America must face a class action lawsuit over RICO and promissory estoppel claims for conspiring to...

Freddie Mac offers mortgage forbearance relief to Louisiana flood victims

The U.S. mortgage giant Freddie Mac, announced today that it has officially extended mortgage forbearance relief to Louisiana flood victims. Louisiana homeowners with a Freddie Mac mortgage may have their foreclosures suspended and legal actions postponed for up to 12...

Mortgage applications drop 4% for the week ending August 12th

The number of mortgage applications declined for the week ending August 12th, despite lower historically low rates, according to the latest report from the Mortgage Bankers Association (MBA). The MBA reported that total applications fell 4.0% which followed a 7.1%...

Serious Mortgage Delinquency Rate Declines

The serious mortgage delinquency rate declined, credit card popularity is on the rise and both personal and auto loans are at all time highs in the second quarter of 2016, according to a new survey by TransUnion. The serious mortgage delinquency rate (60 or more days...

Current Mortgage Rates for Tuesday August 16, 2016

Current mortgage rates for this Tuesday morning are mostly on the way down at the nation's top lenders. The national average for the 30-year fixed-rate mortgage (FRM) is at 3.45%, and the 15 year mortgage is 2.76%. The 5-year adjustable-rate mortgage (ARM) is...

Builder Confidence Up in August

Home builders are a bit more confident in the market for newly constructed single-family homes in August, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The index went up two points to 60 from a downwardly...