Loan modification? Good luck with that (at MarketWatch)
MarketWatch’s Lew Sichelman usually responds to reader questions, but this week, we print a letter from one homeowner, J.N., detailing his attempt to get a loan modification from his mortgage lender. J.N. describes it as “loan-modification hell.”
Butler to serve 5 years – New York Post (source: Big News Network)
Government prosecutors finally scored their first lockup tied to the financial meltdown yesterday. Eric Butler, an ex-Credit Suisse broker, was sentenced to five years in prison and fined $5 million f… (source: Big News Network) – RSS and News widget on Feedzilla.com
FHA to raise standards for mortgage insurance (source: Big News Network)
CHICAGO — The Federal Housing Administration announced changes this past week that will make it more expensive for homebuyers to secure agency-backed mortgages while some consumers will be price… (source: Big News Network) – RSS and News widget on Feedzilla.com
FHA insured mortgages to cost more – Marketplace.publicradio.org (source: Big News Network)
Here’s another wrinkle for new homebuyers: You’ll have to pay more for mortgages insured by the Federal Housing Administration. The FHA says it had to toughen the rules because too many of its loans w… (source: Big News Network) – RSS feeds and Feed widget on Feedzilla.com
FHA makes it tougher to buy – The Sun News (source: Big News Network)
CHICAGO — The Federal Housing Administration announced changes this week that will make it more expensive for home buyers to secure agency-backed mortgages while some consumers will be priced out of … (source: Big News Network) – News widgets and RSS feeds on Feedzilla.com
Skipton makes first move in a rate rise rush for societies (source: The Independent)
Mortgage rates are set to soar for hundreds of thousands of borrowers after the Skipton this week announced plans to raise its standard variable rate by almost half – despite there being no increase in the bank base rate for a year. (source: The Independent) – RSS feeds and Feed widget on Feedzilla.com
MBS CLOSE: Positive End To Great Week Despite Losses (source: Mortgage News Daily)
Posted To: MBS CommentaryToday’s price movement wasn’t so much the story of the week. In and of itself, it was either meaningless or slightly weak depending on your point of view. 4.5’s ended down a tick at 100-31 4.0’s ended down 5 ticks at 97-31 The 10yr… (source: Mortgage News Daily) – RSS widgets and RSS feeds on Feedzilla.com
Locking My Loans After a Week of Mortgage Rate Improvements (source: Mortgage News Daily)
Posted To: Mortgage Rate WatchMortgage rates hit their lowest levels in over a month yesterday after mortgage backed securities prices rallied to new 2010 highs. These improvements were triggered by a stock sell off which forced investors to reallocate fun… (source: Mortgage News Daily) – News widgets and RSS feeds on Feedzilla.com
Don’t Expect the GSEs to Go Away Anytime Soon (source: Mortgage News Daily)
Posted To: MND NewsWireCNBC Reports… Fannie, Freddie Cannot Exist in Current Form: Frank Rep. Barney Frank (D-Ma.), chairman of the House Financial Services Committee, said Friday that Fannie Mae and Freddie Mac should be eliminated as they stand now. &q… (source: Mortgage News Daily) – RSS feeds and Feed widget on Feedzilla.com
MBS AFTERNOON: Choppy Price Action. Status Quo Maintained (source: Mortgage News Daily)
Posted To: MBS CommentaryHeading into the afternoon hours the rates market continues to trade in a choppy manner. While much distance has been traveled on charts, status quo has been kept as prices have failed to venture too far from recent ranges. The FN … (source: Mortgage News Daily) – RSS feeds and Feed widget on Feedzilla.com
