BiggerPockets Bulletin » Mortgage & Lending

Weekly Mortgage Rates... How Low Will They Go?

Residential mortgage rates are almost at their lowest level ever... How much lower can they go?

Tagged as: fannie mae, Mortgage Rates, Interest Rates

Hiring Boom in Mortgage Restructuring

Mortgage restructuring for strapped homeowners has emerged as a rare growth area in the economy as companies in the field keep hiring.

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State, for 1st time, forced to get a loan

State, for 1st time, forced to get a loan, Arizona will need to turn to outside lenders for the first time ever to deal with the state's constricted cash-flow issues. Treasurer Dean Martin estimates the state will need $700 million.

Tagged as: for 1st time, forced to get a loan, state, arizona, news

Maryland Woman Gets 12 Years in Mortgage Scam

A Maryland woman who stole millions from Washington area homeowners trying to avoid foreclosure is a "vulture" whose case should serve as a warning to other con artists, a federal judge said yesterday before imposing a sentence of more than 12 years.

Tagged as: mortgage scam

Regulators shut 2 banks in Fla., 1 in Calif.

NEW YORK (AP) -- Regulators shut down two banks in Florida and one in California on Friday, boosting to 123 the number of U.S. bank failures

Tagged as: Regulators shut 2 banks in Fla., 1 in Calif., cbao.ob, ewbc, ibkc, swbc.ob, tbbk, usb

Hypo Real Estate Posts Another Loss for the Third Quarter

The Munich-based company said it lost $860 million in the July-September period, still an improvement on its huge loss of euro3.05 billion a year earlier.

Tagged as: real, estate, lending, lender, mortgage, money

Housing plan reaches 1 in 5 borrowers

After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says.

Tagged as: loan modification, business, ap

What Fed's Latest Move Means for Mortgages

Fed will keep overall rates low, but one signal suggests shift for homeowners.

Tagged as: Mortgage Rates

Florida Mortgage Fraud Nets Over 100

United States Attorney A. Brian Albritton today announced the results of a nine-month-long Mortgage Fraud Surge investigation that has resulted in charges against more than 100 defendants ....

Tagged as: florida fraud, florida mortgage fraud

House seen expanding home buyer tax break

The U.S. House of Representatives is expected to back a Senate plan to extend a popular homebuying tax credit through April and also expand its scope, House Majority Leader Steny Hoyer said on Tuesday.

Tagged as: President Barack Obama, Senator Johnny Isakson, 1 billion, politics, reuters

Federal regulators close 9 banks

NEW YORK (AP) -- Regulators shut nine banks Friday, including Los Angeles-based California National, as the still-weak economy produces a stream of loan defaults.

Tagged as: Federal regulators close 9 banks

Rates on 30-year loans inching up

Rates for 30-year home loans have inched up, hitting 5 percent for the first time in nearly a month after bond yields edged up.

Tagged as: mortgage, rates, nationwide, lending

Financial Stks Fall On BofA Snag, Real-Estate Worries

Financial stocks fell Monday as several factors, including reports that Bank of America Corp. (BAC) hit a snag in repaying Troubled Asset Relief Program funds and talk of legislation set to be introduced in Congress, weighed on shares.

Tagged as: real, estate, news, bank, lender

Loan Delinquencies Increase For Freddie Mac

Freddie Mac said on Friday its mortgage investment portfolio grew by an annualized 7.3 percent rate in September, while delinquencies on loans it guarantees accelerated.

Tagged as: Freddie Mac;FRE, nationwide, housing, real estate

100th Bank Fails This Year, Highest Level in 17 Years

Bank closings this year passed 100 on Friday when regulators shut down small banks in Florida and Georgia. The failures are the most since 1992 during the S&L crisis.

Tagged as: nationwide, real estate, recession, economy, fdic, financial, banks

Capmark Financial files for bankruptcy protection

CHICAGO (AP) -- Capmark Financial Group, one of the largest U.S. commercial real estate lenders, has filed for bankruptcy protection

Tagged as: Capmark Financial files for bankruptcy protection, brk-b, gom, luk

Court upholds right to subpeona bank records.

A district judge has upheld the Colorado Division of Real Estate's right to subpoena the bank records of loan originators it's investigating.

Tagged as: real, estate, news, fraud

Top banks cut small business lending by $8 billion

There are still sources that will lend but harder to find

Tagged as: Business Loans Funding

Government unveils new mortgage help for states

WASHINGTON (AP) -- The Obama administration on Monday unveiled a new program to support state and local housing finance agencies.

Tagged as: Government unveils new mortgage help for states, fnm, fre

Calif. bank becomes 99th in US to be shut in 2009

Calif. bank becomes 99th in US to be shut in 2009

Tagged as: Closures, us, bank