Fannie Mae and Freddie Mac are forcing the nation’s biggest lenders to buy back more of the badly-written mortgages that served as a trigger for the financial crisis, and a dash for cash has ensued. (more…)
Our success depends on our ability to see your loan through the entire process, from beginning to end, and communicate with you accordingly. Happy, satisfied customers are more important to us than anything. We are not just going to tell you this, we will show you through our actions, our communication and our commitment to you. If you want us to call you at 9pm or at 7am, we will do everything possible to accomodate you. (more…)
BAKERSFIELD, Calif.—Police are searching for a father-daughter pair accused of conspiring to get kickbacks from $4.1 million in fraudulent mortgage loans in the Bakersfield area. (more…)
At the end of March 2010 the Federal Reserve Bank is going to stop purchasing mortgage backed securities which is sure to have an affect on mortgage rates. Many analysts have predicted that mortgage rates are likely to move up by at least one full percentage point. Unfortunately the only way we will know is to find out at the end of this month.
More than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan than their home is now worth, according to a recent report released by FirstAmerican CoreLogic. (more…)
WASHINGTON, March 5 (Reuters) – The powerful chairman of the House Financial Services Committee caused a stir in the mortgage-backed securities market on Friday by suggesting that Fannie Mae and Freddie Mac bondholders do not have the same guarantees as Treasury bondholders. (more…)
The typical rate offered by lenders on 30-year mortgages slipped back below 5% this week, Freddie Mac said Thursday. (more…)
LOOKING for a fixed-rate mortgage with a competitively low interest rate, but armed with only 3 percent for a down payment, a low credit score and a modest annual income?
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Following the successful February offering of the Nuveen Mortgage Opportunity Term Fund 2 /quotes/comstock/13*!jmt/quotes/nls/jmt (JMT 25.01, -0.01, -0.04%) , the fund today announced it has committed to invest in a public-private investment partnership formed pursuant to the U.S. Department of the Treasury’s Public-Private Investment Program (“PPIP”). (more…)
The Board of Directors of ARMOUR Residential REIT, Inc. /quotes/comstock/11k!amrr (AMRR 7.15, +0.25, +3.62%) (common) and /quotes/comstock/11k!amrr.w (AMRR.W 0.15, +0.01, +7.14%) (warrants) (“ARMOUR” or the “Company”) today declared a quarterly dividend of $0.40 per common share for the first quarter of 2010. The dividend will be paid on Thursday, April 29, 2010 to stockholders of record on March 15, 2010, with an ex-dividend date of March 11, 2010. (more…)
