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News about Mortgages:
Mortgage Video Gallery - CNBCOne possible silver lining of the housing crisis is a big drop for mortgage rates. Dan Gilbert, chairman of Quicken Loan... UK Banks Feel Repossession ... UK banks are being lenient on mortgage defaults because repossessions cost the banks an ...
Lower US mortgage rates help but jobs, prices key - Guardian UnlimitedNEW YORK, Dec 3 (Reuters) - The lowest mortgage rates in three years are luring first-time buyers and cost-cutting refinancers, but falling home prices and mounting unemployment will keep U.S. housing in its deepest slump since the Great Depression ...
WRIT buys 2445 M St. for $181M - Washington Business JournalWashington Real Estate Investment Trust has acquired 2445 M St. NW, a West End office building that was previously financed in part by a Lehman Brothers entity. The Rockville-based company (NYSE:WRE) declined to identify the seller, but the 290,000 ...
FHA Cash Cushion Has Fallen by 39% - Wall Street JournalThe latest annual audit of the Federal Housing Administration shows a steep drop in the capital cushion the U.S. agency holds against losses from mortgage defaults. As lenders shy away from risk, the number of loans insured by the agency has soared ...
FHA Insurance Fund Has Fallen 39 Percent - Washington PostThe Federal Housing Administration 's fund to cover losses on the mortgages it insures is shrinking, but remains above the point where taxpayers would need to kick in money to cover defaults, according to an independent audit of the agency's ...
Record Numbers Flock to Food Banks - ABC NewsAnd with more and more people unable to make ends meet, food banks like Manna Foods Center in Rockville, Md., have never been so busy. The Montgomery County food pantry provides local families with nutritious staples for the dinner table. Last month ...
Home Value Highwire - WTOP RadioWASHINGTON - If you want to buy in today's housing market, you may not be able to seal the deal or get a loan, unless you have cash and good credit. You need cash to close the deal. The days of zero-down are gone. That's the new reality of the ...
Housing Slump Threatens Jobs - US News and World ReportTightening. That process is already underway in other housing-related jobs, such as mortgage lending, title services, and appraisals. With the refinancing boom played out and mortgage applications near a four-year low, lenders like Washington Mutual ...
Lenders push appraisers for fresher comps - San Francisco GateSunday, November 9, 2008 But in soft and declining markets, lenders recently have begun making comps a big deal. Some sellers are being forced to renegotiate lower prices with buyers, even after they've got a signed contract. Rather than accepting ...
Comps playing bigger role for lenders - Miami HeraldHow fresh are your ''comps'' -- the comparable sales of properties used as benchmarks in home real estate appraisals? Buyers and sellers rarely had to be concerned about such a question -- or even understand it -- when values were on the upswing. But ...
Today's Mortgage Terms starting with G
Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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