Posts from ‘June, 2009’

Treasury OKs 3 firms for mortgage relief programWASHINGTON — The Treasury Department said Tuesday that it has approved three more firms for its mortgage relief program.

RISMEDIA, July 1, 2009-The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.48%,

More than half of the modifications in the first quarter of 2009 resulted in lower monthly principal and interest payments, as servicers focused on achieving more sustainable mortgage payments.

Protesters in more than a dozen cities, including Dallas, are demanding that a group of mortgage companies who benefited from federal bailout money participate in a government program designed to prevent foreclosures.

For an elderly person with few assets, a reverse mortgage can be a lifesaver: It enables cash-poor retirees to tap equity in their house for living expenses, home repairs or health care needs. If you’re 62 or older, reverse mortgages …

Important steps to address bad credit & Bad Credit Mortgage situation.

A DC-area real estate salesman already disciplined for lying about his properties was charged in a conspiracy to commit bank fraud by repeatedly selling properties to unqualified buyers and keeping the proceeds of the sale for himself, …

The 30 year fixed continues to trend lower as the bond market gains momentum.

Last week, US mortgage rates were mixed, in terms of rise / fall. The average rate on 30-year fixed-rate mortgages rose still further above 5%, according to Freddie Mac’s weekly survey of mortgage rates, while other rates dropped, …