Mortgages « Prime Rate Blog

Freddie Mac On The Mortgage Market

By financier, on December 19th, 2010%

To compliment Pershing Square’s presentation on the state of the mortgage market, Freddie Mac (the Federal Home Loan Mortgage Corporation), the public government sponsored enterprise includes in its quarterly results a review of the housing market that is always very interesting. Regarding Freddie Mac, the situation seems to be stabilizing with almost no draws in the last quarter (only $100 million in q3), which is particularly good considering the 10% interest of the preferred government senior. Not only that, but Freddie Mac’s single family delinquencies peaked in February 2010 to 4.2% and improved six quarters in a row. The corporation buys mortgages on the secondary market and sells the same as mortgage based security in the open market.

Continue reading Freddie Mac On The Mortgage Market

US Housing Officials to Probe Mortgage Discrimination Allegations

By financier, on December 18th, 2010%

US administration under President Obama reported on Wednesday that it would conduct investigations into a customer group’s allegations on lenders who have been violating federal standards by failing to offer home loans to borrowers who fall into the minority category. The Department of Housing and Urban Development notified the launch of an enquiry in accordance to the complaints filed against such lenders. It was seen that round about twenty-two complaints were then lodged by the group of consumers with the HUD.

Continue reading US Housing Officials to Probe Mortgage Discrimination Allegations

3 More Years Of Housing Turmoil Forecasted

By financier, on December 17th, 2010%

A serious problem seems to have engulfed the US housing market. Some of the properties were overvalued, resulting in higher bank loans amounts and after the recession of the US economy there are huge number of defaults on Bank loans. The rate of bank interest is to go up to 5% for 30 years loans. The rate of default on housing loans is increasing day by day and the banks are forced to send hundreds of foreclosure notices to safeguard their interest but without first evaluating the legal aspects. Even if the loans are reset, the chances of recovery do not seem encouraging at the moment. According to the experts reviewing the US housing market, the chances of the banks recovering the loans are rather low. This, according to the experts, will continue for another 2-3 years and worst is to come during the first quarter of the year 2011.There is a huge number of loans that are overdue for more than 60 days.

Continue reading 3 More Years Of Housing Turmoil Forecasted

Delinquency Disclosure Plans by Freddie Mac

By financier, on December 17th, 2010%

The public government sponsored enterprise Federal Home Loan Mortgage Corporation or more often known as Freddie Mac, plans to begin providing monthly disclosures on the amount of delinquencies amongst individual pools of home loans within the bonds that it guarantees. It has made possible an increase in the number of homebuyers across the USA by providing . . . → Read More: Delinquency Disclosure Plans by Freddie Mac

Rising Mortgage Rates

By financier, on December 16th, 2010%

The economy is gradually recovering from recession and with the rising prices of commodities as well as assets, mortgage rates also seem to be on the rise. Though mortgage rates alone do not give a picture of the market sentiment, . . . → Read More: Rising Mortgage Rates

Cranston One Of US’s Most Stable Housing Markets

By financier, on December 14th, 2010%

According to data from Zillow.com, an online real estate marketplace, Cranston is notably high amongst the nation’s twenty most stable housing markets. This has been established by Forbes’ latest rankings. The housing markets that have proven to be the most stable are seen to buck up the negative trends and maintain a healthy atmosphere of real . . . → Read More: Cranston One Of US’s Most Stable Housing Markets

Easy Access To Loans – Major Reason For Foreclosure And Housing Market Slump

By financier, on October 24th, 2010%

The current state of the economy is very much on the brink of a new low though facts and figures released in various economy analysis reports suggest the economy is likely to recover slowly and the growth rate is moving at a modest but steady pace. Even if these reports are to be believed there are still a long list of obstacles that individuals have to endure in order to survive in the current market scenario.
Continue reading Easy Access To Loans – Major Reason For Foreclosure And Housing Market Slump

Sponsored Links

About Prime Rate News Blog

Categories