All that is old is new again! Fannie Mae reported a net loss of $6.5 billion for the first quarter 2011, as a weakening housing market dashed hopes that the company had stabilized. Fannie said  would ask the government for a fresh taxpayer infusion of $6.2 billion after paying dividends to the Treasury. The loss […]

Times they are a changing in the mortgage industry. As reported in a recent New York Times article, New Federal Rule for Mortgage Brokers, starting April 1, under a new compensation rule from the Federal Reserve, borrowers who get their mortgages through brokers will most likely pay less for their services and must be offered the lowest […]

THE “HALF-EMPTY” PERSPECTIVE: It is estimated that more than 50 percent of American homeowners are either in or near a negative equity situation. And if all that is not bad enough, check out the latest news:

 U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data […]

Anyone applying for a mortgage or creating mortgage instruments or selling them — BEWARE.
The Chicago Daily New’s Ken Harney highlights a recent Obama administration piece of legislation and program that was put into law May 20th. It may not have made a big news, but for real estate it was the equivalent of a congressional declaration […]

Applications for refinance loans jumped nearly 30 percent during the week ending March 13, 2009 as interest rates for 30-year fixed-rate loans dipped below 5 percent to tie a record low seen in January 2009.

In its weekly survey of members, the Mortgage Bankers Association said mortgage applications were up 21.2 percent from a week earlier, […]

Near record low mortgage rates spurred a 62 percent spike in refinance activity, while purchase applications increased 10 percent. Refinance activity continues to surge as mortgage rates neared record lows. Here is all the lastest detail …….

Refiances Dominate: According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey, the refinance share of mortgage activity […]