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Mortgage
Housing News
Freddie Mac: mortgage rates barely changed this week
Freddie Mac reports relatively unchanged mortgage rates for the week, forecasting a continuation of low rates for some time to come.
Housing News
Mortgage application volume slid 12% for the week
Just after the Mortgage Banker's Association announced they are revising their 2013 forecast based on 2012, both refinance and new mortgage applications saw a decline in volume this week.
Housing News
Interest in mortgages fall despite falling interest rates
Seeing one of the more dramatic dips in mortgage application volume in recent weeks, the MBA reports that there is a silver lining hidden within in their recent data.
Housing News
Feds seeks to dump Fannie and Freddie’s non-performing mortgages
With the FHFA still overseeing Fannie Mae and Freddie Mac, the three are seeking to possibly sell off their delinquent loans, according to the Treasury Department.
Housing News
Oklahoma first to get national mortgage settlement payouts
Why is Oklahoma the first state that illegal foreclosure victims will see compensation? And why are they getting 20 times more than residents of any other state?
Mortgage
U.S. sues Wells Fargo, alleging a decade of mortgage deceit
Implying Wells Fargo has acted as an assembly line for mass FHA lending, regardless of quality, the government is suing the bank for deficient lending and a cover up.
Business News
Equifax to forfeit profits from selling late borrowers’ sensitive information
The Federal Trade Commission has settled with Equifax for their selling lists of late borrowers' information, and failing to act when that information was resold over and over by third parties for general marketing purposes, which is illegal.
Housing News
Mortgage application volume slides yet again
Mortgage application volume slid again this week, but the Mortgage Banker's Association points out a silver lining to the new data reported today.