Category: Mortgage
FHFA Responds to NPR Freddie Mac Refinance Story
A ProPublica–NPR news story recently suggested that a mortgage financing vehicle utilized by Freddie Mac may be preventing homeowners from refinancing. While FHFA does not typically comment on its supervisory activities, the circumstances here require some clarification, according to the … Read more
February 2, 2012 Posted in Mortgage
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Mortgage Defaults: Signs of Recovery
The UFA Default Risk Index for the fourth quarter of 2011 edged lower to 131 from last quarter’s revised 133, which suggests that residential mortgage default and prepayment risks are continuing their return to normalcy. According to the latest UFA… … Read more
December 16, 2011 Posted in Mortgage
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Legislative and Regulatory Recap – The Year in Review
Editor’s Note: The below article, which originally appeared in the December 2011 issue of Real Estate magazine, features updated information regarding the National Flood Insurance Program. The NATIONAL ASSOCIATION OF REALTORS® (NAR) is a leading advocate regarding federal legislative and… … Read more
December 14, 2011 Posted in Mortgage
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Adjustable Mortgage Rates Hit Record Lows
Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates changing little and remaining near their historic lows while adjustable-rate mortgages averaged new record lows. The 30-year fixed has… RISMedia … Read more
December 2, 2011 Posted in Mortgage
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Study Examines Impact of Social Networks on Homeowners Decision to Default
Unemployment and other factors have caused many homeowners to involuntarily default on their mortgages. At the same time, falling home prices, the possibility of being underwater for many years and advice from certain influencers, or “mavens,” may have encouraged others… … Read more
November 22, 2011 Posted in Mortgage
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Delinquency Rate Hits 3-year Low as Boom Loans Improve
The national delinquency rate for residential home loans fell to 7.99 percent in the third quarter—the lowest reading since the fourth quarter of 2008. This represents a decline of 45 basis points from the second quarter of this year, and… … Read more
November 20, 2011 Posted in Mortgage
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 10.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 4, 2011. According to the release, the Market Composite Index, a measure… RISMedia … Read more
November 16, 2011 Posted in Mortgage
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Jumbo Mortgages: How to Bag the Big Opportunity Today
Effective October 1, 2011, Fannie Mae and Freddie Mac lowered their conforming loan limits back to 2008 levels. And that means many home buyers suddenly need a jumbo loan to qualify for the homes they want. Real estate professionals who… … Read more
November 13, 2011 Posted in Mortgage
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Third Quarter Results: Refinancing Homeowners Maintain or Reduce Debt
Freddie Mac (OTC: FMCC) released the results of its third quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house by maintaining or reducing their mortgage debt. In the third quarter of 2011, 82 percent of homeowners… … Read more
November 11, 2011 Posted in Mortgage
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