Mortgages Blog

Wednesday, February 23, 2011 10:00 am
By Marcie Geffner · Bankrate.com

If the national foreclosure crisis had an epicenter, it would have to be Las Vegas, since Nevada is more often than not at the top of any state-level list that involves foreclosure statistics. Now, “The Face of Foreclosure: An Analysis of the Nevada Foreclosure Crisis,” a new report from the Nevada Association of Realtors, has

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Tuesday, February 22, 2011 10:15 am
By Marcie Geffner · Bankrate.com

New federal regulations, effective April 1, will impose some major changes in how lenders compensate mortgage brokers for their services in the loan origination process. Here’s a summary: Lenders won’t be allowed to pay any direct or indirect compensation to a mortgage broker based on the terms or condition of the loan, other than the

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Thursday, February 17, 2011 9:12 am
By Marcie Geffner · Bankrate.com

Borrowers, get ready for higher interest rates on new conforming mortgages. It’s no secret that rates have already risen as the outlook for the U.S. economy has brightened in recent weeks. But rates on some new home loans are also set to go up regardless of economic activity. That’s because Fannie Mae and Freddie Mac,

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Tuesday, February 15, 2011 12:19 pm
By Marcie Geffner · Bankrate.com

The sharp rise in mortgage interest rates has presented a challenge for borrowers who want to buy a home or refinance an existing mortgage, but don’t like the slightly higher payment they now face. One popular solution is a hybrid mortgage, which has a lower fixed rate for three, five, seven or 10 years, after which

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Monday, February 14, 2011 10:00 am
By Jay MacDonald · Bankrate.com

When the banking bigs and the feds decided to turn the page and sweep “robogate” under the rug last December, it left me wanting. Not for anything as corny as justice or compassion, though both would go a long way in this foreclosure quagmire in which we’ll likely spend the 20-teens. What I was missing

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Friday, February 11, 2011 4:35 pm
By Holden Lewis · Bankrate.com

The Obama administration wants to make mortgages more expensive and harder to get. In exchange, taxpayers would be less likely to bail out mortgage companies or delinquent homeowners. That’s the essence of the Treasury Department’s memo to Congress titled “Reforming America’s Housing Finance Market.” I’ll deconstruct the key paragraph from the introduction, sentence by sentence.

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Thursday, February 10, 2011 12:46 pm
By Marcie Geffner · Bankrate.com

The debate over the success or failure of the federal government’s Home Affordable Mortgage Program, or HAMP, entered a new phase two weeks ago, when Rep. Jim Jordan, R-Ohio, introduced a bill that would all but eliminate the entire program. The bill, H.R. 430, HAMP Repeal and Deficit Reduction Act of 2011, would end any

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Friday, February 4, 2011 9:05 am
By Holden Lewis · Bankrate.com

A brutal employment report today bodes well for mortgage rates. Borrowers, rejoice in the bad news! The economy added 36,000 jobs in January, according to the Labor Department. Private nonfarm employers added by 50,000 jobs, while government jobs shrank by 14,000. This is worse than expected: the consensus prediction had been an increase of around

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Thursday, February 3, 2011 3:37 pm
By Holden Lewis · Bankrate.com

The nonfarm payroll report for January will be released at 8:30 a.m. eastern time Friday, and you should consider locking a mortgage rate before then. According to Briefing.com, the consensus prediction is that the economy grew by a net 148,000 jobs in January. If the nonfarm payrolls number is higher than that, then mortgage rates

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Monday, January 31, 2011 10:00 am
By Jay MacDonald · Bankrate.com

Here in the Sunshine State, we like to punctuate life’s more absurd moments with the phrase, “Only in Florida!” My recent quest to answer a reader’s mortgage question led me to Bill Sanchez, who quite by accident provided me with one of those “Only in Florida” moments. Sanchez is the vice president of Tampa Bay’s

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Tags: Mortgages
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