Mortgages Blog

Monday, July 18, 2011 9:00 am
By Jay MacDonald · Bankrate.com

Just six months into her job as assistant director of the Office of Servicemember Affairs at the Consumer Financial Protection Bureau, Holly Petraeus is kicking butts and taking names of mortgage lenders who dare to mess with America’s military families. Last week, Petraeus, the wife of Gen. David Petraeus and daughter of Gen. William Knowlton,

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Thursday, July 14, 2011 3:42 pm
By Polyana da Costa · Bankrate.com

As you might have heard by now, more help is on the way for unemployed homeowners who are struggling to keep up with their mortgage payments. But not all of those who are jobless and delinquent on their mortgages will qualify for assistance. The Department of Housing and Urban Development recently announced that starting Aug.

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Tags: Mortgages
Thursday, July 14, 2011 10:17 am
By Holden Lewis · Bankrate.com

The bond-rating companies have waded into the scrum over the debt limit. Moody’s and Standard & Poor’s jumped off the bench and onto the field and are throwing punches. They’re not dispassionately reporting from the press box. Please keep in mind, when you read and watch articles about the debt debate, that Moody’s and S&P

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Thursday, July 14, 2011 9:50 am
By Holden Lewis · Bankrate.com

Mortgage rates fell this week after release of a dismal employment report. Read Polyana da Costa’s report. In the Rate Trend Index, the majority predict that mortgage rates will remain relatively unchanged this week. Polyana agrees with the majority, and I think rates will rise. In the last few weeks, when we have disagreed, she

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Friday, July 8, 2011 3:31 pm
By Holden Lewis · Bankrate.com

Mortgage bond yields finally fell today, as they normally would do after the release of a horrific monthly employment report. Yields on Freddie Mac mortgage bonds have fallen 9 basis points since yesterday. The yield on the 10-year Treasury has fallen even further. As I write, it has fallen 14 basis points, to 3.02 percent.

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Friday, July 8, 2011 8:43 am
By Holden Lewis · Bankrate.com

Employment didn’t gain any headway in June, and that’s supposed to be good news for people who have jobs and who qualify for mortgages. The unemployment rate edged up to 9.2 percent in June, compared to 9.1 percent in May, according to the Labor Department. The economy grew by a net 18,000 jobs. That’s an

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Monday, July 4, 2011 9:00 am
By Jay MacDonald · Bankrate.com

Here in Florida, the Foreclosure State, we thought we’d already cataloged every genus responsible for this plague on all our houses, from the predatory lenders to the oblivious robosigners and rocket dockets to the no-mod-for-you bank Nazis. That was, until we caught wind of the HOA chasers. The St. Petersburg Times recently profiled an opportunistic

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Thursday, June 30, 2011 12:45 pm
By Polyana da Costa · Bankrate.com

Thinking of applying for a mortgage? Make sure you plan ahead so that you don’t become part of this statistic. More than one in four mortgage applications submitted to the 10 largest lenders in the United States in 2010 were denied, according to a recent analysis done by The Wall Street Journal. Many of the

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Tuesday, June 28, 2011 3:28 pm
By Polyana da Costa · Bankrate.com

It looks like the spell is finally broken. Home prices rose for the first time in eight months, according to the Standard & Poor’s Case-Shiller index. The 20-city composite index increased 0.8 percent from March to April, shows a report released Tuesday. That’s somewhat good news, but don’t get too excited. The average price of

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Tuesday, June 28, 2011 8:15 am
By Polyana da Costa · Bankrate.com

When home values were going up like a rocket, lenders often marketed reverse mortgages as a gateway to financial freedom. Now, some of them want out. Wells Fargo says it will stop offering reverse mortgages as of June 30. Bank of America stopped offering them in February. The two lenders accounted for about half of

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