Good News! MBAA New Forebearance Program
Thursday, March 11
Bridge Loan For The Unemployed Mortgage Bankers Association has developed a new forbearance program that would allow qualified borrowers who lose their jobs to stay in their homes while they look for a job. The MBAA proposal would have loan servicers lower mortgage payment fo...
Mortgage Bankers Weekly Update : Mortgage Applications Decrease
Thursday, March 04
Mortgage Bankers Association for the week of 3/3/2010 Market Composite Index: (loan application volume) increased 14.6 percent on a seasonally adjusted basis from one week earlier. Refinance Index: increased 17.2 percent from the previous week and the seasonally adjusted Purchase Ind...
Freddie Mac Weekly Update
Thursday, March 04
30-Year Fixed-Rate Mortgage Below 5 Percent 30-year fixed-rate mortgage: Averaged 4.97 percent wit...
Small Banks In Trouble
Wednesday, February 24
COP, established by Congress in 2008 to oversee the $700 billion Troubled Asset Relief Program (TARP), is concerned about our small banks. They are the lenders to about half of all small business and about 3000 small bank are exposed to commercial real estate. COP expects $200 to $300 billi...