A New York-based investment banker said he’s noticed an uptick in his bank and credit union clients selling mortgages to the secondary market, especially when the loans aren’t performing.
National average mortgage rate for previously occupied homes down to 3.36%
U.S. house prices rose 0.5% on a seasonally adjusted basis from September to October, according to the Federal Housing Finance Agency.
The Federal Housing Finance Agency on Thursday reported that mortgage rates on purchased homes fell by 11 basis points in October to 3.44%.
Four out of the five states where the Federal Housing Finance Agency is considering an increase in mortgage guarantee fees do not have healthy housing markets.
Rep. Darrel Issa (R-Calif.) asks if executive order violated. NCUA pays lawyers more than $40 million of $170 million in Wall Street settlements.
Suit says Countrywide, later purchased by Bank of America, ran a 'Hustle' that led to losses taxpayers shouldered.
AgencyOIG audited the process for approving decisions after the FHFA delegated most of its conservatorship authority back to the enterprises in November 2008.
Lenders in streamlined refinance programs, including HARP, will be eligible for relief after an acceptable payment history of only 12 months.
The continued high volume of HARP loans is attributed to record-low mortgage rates and program enhancements.