· 30-Year-Fixed Mortgage Hits Another New Low. The interest rate on a 30-year-fixed mortgage hit 4.96 percent today, according to Freddie Mac, marking the 11th straight week of declines in the go-to industry mortgage. The news is likely to sustain the.
Foreclosure filings edge up in October: RealtyTrac The 203 filings were the fewest recorded in a month since October 2008 – 27 months ago. Nationally, foreclosure filings were down 17 percent from January 2010, according to RealtyTrac, which.Only 1 mortgage company makes Black Enterprise 100 list In the ongoing effort to rewrite history and deflect blame from Wall Street for the financial crisis, former U.S. Treasury official and current American Enterprise Institute swine Peter Wallison has.
The U.S. Treasury Department secretary Henry Paulson spoke out Tuesday denying the rumor that he and the Treasury are contemplating a plan to initiate a 4.5 percent mortgage rate for new home loans issued through Fannie mae (fnm: 0.66-4.35%) and Freddie Mac (fre: 0.65 -5.80%), according to a MarketWatch bulletin.
Paulson Denies Rumored 4.5 % Mortgage Rate Plan : HousingWire || financial news for the mortgage market "We didn’t float any plan," Paulson said. "I am always looking at new ideas and I have said from day one that the key thing to get us through this period is getting housing prices down."
Paulson agreed that "housing values have been falling," but he did not elaborate on why millions of Americans could no longer pay their mortgages. Cox blamed it on a "failure of lending standards" and said that the SEC had a number of ongoing investigations of fraud in the mortgage application process.
MGIC: Primary new mortgage insurance continues to drop · MILWAUKEE, June 10, 2019 /PRNewswire/ — MGIC Investment Corporation today issued an Operational Summary of its insurance subsidiaries for the month of May 2019 for their primary mortgage insurance.OCC: Mortgage performance improves in third quarter The performance of first-lien mortgages serviced by eight national banks improved in the fourth quarter of 2014, according to the Office of the Comptroller of the Currency’s (OCC) quarterly report on mortgage performance.. The OCC Mortgage Metrics Report, Fourth Quarter 2014, showed 93.2 percent of mortgages included in the report were current and performing at the end of the quarter.
Even Paulson’s plan would limit the Fed’s oversight of Wall Street firms to times of extreme market stress, when investment banks approach it to borrow money directly, as they are now allowed to do.
Inside Paulson’s Deal with Goldman. Just how did the deal roiling Goldman go down? Gregory Zuckerman on the tale of how hedge-fund maverick John Paulson gambled on the housing market-and why it.
FHFA extends HARP to 2015 FHFA Extends HARP to 2015 Washington, DC The Federal Housing Finance Agency (fhfa) today directed fannie mae and Freddie Mac to extend the Home Affordable Refinance Program (HARP) by two years to December 31, 2015. The program was set to expire December 31, 2013.
Paulson calls for expansion of mortgage products. Fannie has asked its regulator for permission to buy more mortgages to pump more money into the market, but the regulator has so far rejected the request. Some in Congress want to allow Fannie Mae to buy loans that are more expensive than the current limit of $417,000.
Paulson Provides More Details on Subprime Plan As Paulson reveals blueprint to the White House’s subprime relief plan, hillary clinton calls for a foreclosure moratorium.
The executive suite and its strategic plan As I covered a few weeks ago. Possibly feeling that his legacy was being assaulted, ex-CEO Proglio was rumored to want Frerot ousted at a February 29.