Current Mortgage Info

Last week Barons as well as The New York Times reported that the 2 GSEs were under considerable pressure to bring in additional capital. In ...

In the following chart we see the percentage of subprime portfolio issue in the last few years. As can be seen from the chart, the maxmimum ...

Recently CIT Group announced that it is selling its manufactured housing division as well as home lending business. The home lending busines...

From July 1st, 2008 when another 6 states start using the Nationwide Mortgage Licensing System, the NMLS will be in use in total by 14 state...

According to a report by RealtyTrac, home foreclosures have grown by seven percent in May & have increased by forty eight percent annual...

The DOJ & FBI in a press conference have announced that they have arrested more than 400 real estate industry persons for incidences of ...

In the following figure we see how much can be saved in mortgage payments if we have good credit score. The last column reflects the amount ...

Many people wonder about what reward credit cards are, so in this article we will look at some important facts about such cards. Use your cr...

According to National Delinquency Survey by MBA, mortgage delinquency has jumped fifty three basis points in the 1st quarter of this year to...

As per a press release from New York Times, 3 of country's largest credit rating firms, Moody's Investors Service, Fitch Ratings and...

The following chart shows the total mortgage debt that is outstanding & the steep rise in the outstanding balance we have seen in the la...

Mortgage crisis has created concerns which can impact houseowners. A.M. Best Company, a credit rating organization working for financial ind...

Federal Reserve Bank of NY has announced that it is going to complete the financing of Bear Stearns's acquisition by JP Morgan by the en...

Before taking a mortgage borrowers have to evaluate how much loan they are capable of taking considering the fact that they also have other ...

Fed Governor Randall Kroszner has commented that slowly the mortgage market will recover & the main key factor to the recovery will be b...

This program is for borrowers who owe more on the mortgage loan than its underlying security (the home) is presently worth. Under this progr...

Federal Housing Administration's bill, H.R. 5830 named as FHA Housing and Homeowner Retention Act was passed by House Financial Services...

Federal Trade Commission & Federal Reserve have proposed new rules under which lenders would be required to inform borrowers about chang...

Some great deals are available on home improvement loans these days and the money you receive can be used for countless home improvements. ...

The following graph shows the different type of ARM loans (both securitized as well as non-securitized) due to reset in the coming one year....

For prevention of more homes going into foreclosure, Randall Kroszner, Fed Governor has said that lenders need to lower interest rates on mo...

There is no doubt that mortgage market is very unstable right now & lenders are very strict on whom they approve for a mortgage. If you ...