Mortgages Blog

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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Thursday, June 23, 2011 10:08 am
By Polyana da Costa · Bankrate.com

If you are behind on your mortgage payments because you lost your job, you may be able to get up to $50,000 in help from the government. But act quickly. This week, HUD announced a new interest-free government loan program for homeowners who are on the verge of foreclosure. It’s called the Emergency Homeowners’ Loan

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Monday, June 20, 2011 9:00 am
By Jay MacDonald · Bankrate.com

Bank of America came under fire last week when it was revealed that the nation’s largest lender “significantly hindered” a federal probe into its foreclosure practices on FHA loans. The report, filed by a Department of Housing and Urban Development inspector general on June 1, was obtained by Bloomberg News when it was admitted into evidence as

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Thursday, June 16, 2011 3:02 pm
By Holden Lewis · Bankrate.com

Ominous numbers from RealtyTrac this week. The online marketplace for foreclosure properties says foreclosure filings in May were 33 percent lower than in May 2010, while, at the same time, the inventory of unsold, repossessed homes went up. Even as foreclosures decline, homebuying is declining even faster. “We have a lot of distressed properties on

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Monday, June 13, 2011 8:59 am
By Holden Lewis · Bankrate.com

Today’s live chat about mortgages begins at 2 p.m. eastern time. The chat is titled “Trying to buy or refi.”  Mortgage reporter Polyana da Costa and I will answer questions. Janet Stauble will moderate questions and comments. We’re prepared to answer questions about mortgages, refinances, break-even times, documentation, and basic stuff like that. We’re not

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