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News about Mortgages:
Mortgage Fraud Rises 45% in Second Quarter - Street.ComMIAMI -- Reported incidents of mortgage fraud grew by 45% in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed ...
Mortgage fraud incidents up 45 pct in 2Q - WTOP RadioMIAMI (AP) - Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released ...
Federal Reserve to buy more mortgage related assets - San Francisco Business JournalReport shows California homes selling faster Feds hope to unfreeze SBA, consumer lending Fannie Mae gets 3rd CFO in 3 months Fed to buy asset-backed securities Federal Reserve to buy more mortgage related assets The Federal Reserve has made another ...
You can qualify for mortgage, it's just tougher - San Francisco GateSunday, November 30, 2008 While it is certainly harder to get a loan today than it was two years ago, lenders say it's far from impossible for would-be borrowers with the right credentials. In fact many in the industry praise the return to normal ...
Should You Stop Making Your Mortgage Payments? - BusinessWeekA debate has sprung up in the San Francisco Chronicle and on other blogs about whether it’s right for homeowners to deliberately stop making payments in order to qualify for programs that reduce their mortgage payments. There’s discussion also ...
Federal Home Loan Bank of San Francisco Releases October 2008 Cost of ... - MarketwatchSAN FRANCISCO, Nov 28, 2008 (BUSINESS WIRE) -- The Federal Home Loan Bank of San Francisco announced November 28, 2008, that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for October 2008 is 3.125%. The index for September ...
Mortgage freeze hard on self-employed - Rocky Mountain NewsThe government’s recent moves to backstop the mortgage market have made it easier for many people with decent credit scores to get a loan. But for many self-employed people — even those with pristine credit — the mortgage freeze has yet to thaw ...
Self-Employed Still Getting Denied Home Loans, Despite Easing Market - Wall Street JournalEntrepreneurs are used to dealing with problems people with steady paychecks often don’t have to worry about. Here’s yet another one: getting a home loan. The mortgage-lending crisis that’s frozen so many Americans out of home buying and ...
Happiness conference convenes in San Francisco - International Herald TribuneSAN FRANCISCO : The stock market has been on a roller coaster, banks are going under, unemployment is skyrocketing and foreclosed homes pepper the landscape. What better time for a happiness conference? In this dopamine-laden city, where the pursuit ...
Fannie Mae plans to stay on NYSE - San Francisco Business JournalFannie Mae told the New York Stock Exchange that it intends to meet the continued listing standard. In a regulatory filing, the Washington, D.C.-based mortgage giant (NYSE: FNM) said it plans to boost its per-share price above $1 for 30 consecutive ...
Today's Mortgage Terms starting with V
VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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