Current Mortgage Rates for Monday May 26, 2015

Current mortgage rates from the nation’s top lenders for this Monday remain mostly stable with a few lenders lowering rates on select loan programs. The national average over all this past week has been pretty much flat with rates going both slightly up and down. Bank... read more

New-Home Sales Rise 6.8% in April

(SOURCE: NAHB) WASHINGTON, May 26 - Sales of newly built, single-family homes rose 6.8 percent to a seasonally adjusted annual rate of 517,000 units in April, according to newly released data from HUD and the U.S. Census Bureau. "Sales are moving forward and our... read more

Mortgage Rate Report for Friday May 22, 2015

Current mortgage rates at the nation's top lenders are mostly mixed. This week is ending with mortgage rates remaining mostly stable with a slight upward trend on some loan programs. Freddie reported yesterday that rates for the 30-year mortgage were down a bit to... read more

Foreclosure Starts Down 22 Percent

Foreclosure Starts Down 22 Percent; Slight Seasonal Increase in Delinquencies Foreclosure starts drop by 22 percent in April; down 7 percent from one year ago Slight seasonal increase in April delinquencies pushes national rate up to 4.77 percent Prepayment rates up... read more

Three Charged in Multi-Million Dollar Foreclosure Rescue Scam

Complaint Charges That Defendants Acting Through An Organization That Advertised Help To Those Seeking Home Loan Modifications To Avoid Foreclosure, Obtained Millions Of Dollars By Deceiving Homeowners Into Selling Their Homes (Source: SIGTARP) WASHINGTON, DC -... read more

Current Mortgage Rates for Thursday May 21, 2015

The nation's top lenders are reporting mortgage rates are mostly mixed. Freddie Mac issued their weekly rate report today showing the average rate for 30-year mortgage was 3.84%, compared with 3.85% a week ago. The 15-year fixed mortgage averaged at 3.05%, down from... read more

NAR: Existing-Home Sales Lose Momentum in April

(Source: NAR) WASHINGTON — Despite properties typically selling faster than at any time since July 2013, existing–home sales slowed in April but remained above an annual sales pace of five million for the second straight month, according to the National Association of... read more

Freddie Mac: Mortgage Rates Little Changed

(Source: Freddie Mac) MCLEAN, VA - Freddie Mac (OTCQB: FMCC) today released the results of itsPrimary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving just slightly lower following three consecutive weeks of increases. News Facts 30-year... read more

Mortgage Rates for Wednesday May 20, 2015

The nation's top lenders are reporting mortgage rates have mostly went up slightly for this Wednesday morning. The national average for conforming and ARM loan rates are still looking really good. The current 30 year fixed mortgage is 3.875%, and the 15-year fixed... read more

Six Big Banks Settle With Government for $5.7 billion

Six of the world's largest banks have agreed to settle with the USDOJ and various government agencies for $5.7 billion over criminal charges that the banks had acted in collusion to manipulate international interest and foreign currency exchange markets. The six banks... read more

Low Wages and High Rents Lock Renters Out Across the Country

(Source: NLIHC) Washington, D.C. – The National Low Income Housing Coalition’s Out of Reach 2015 report reveals that the tightening rental market is making it increasingly difficult for low income renters to find decent, affordable apartments all across the country.... read more

VA busts four home loan myths that hurt Veteran homebuyers

VA busts four home loan myths that hurt Veteran homebuyers (Source: VA) The VA Home Loan is the most powerful home buying tool on the market. It—and the GI Bill—literally reshaped post-War America, and it’s a big reason why the historic VA Loan Guaranty Program has... read more

CFPB Launches Public Inquiry Into Student Loan Servicing

Bureau Seeks Information On Industry Practices That Can Create Student Debt Stress (Source: CFPB) WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is launching a public inquiry into student loan servicing practices that can make paying back... read more

MBA Announces New Suite of Member Benefits

(Source: MBA) WASHINGTON, D.C. - The Mortgage Bankers Association (MBA) announced today new partnerships with Fannie Mae, Capital Markets Cooperative (CMC), and The Mortgage Collaborative (TMC) that will provide new benefits to MBA member companies. "MBA is proud to... read more