FHA’s Galante Asks Congress For Increased Authority To Hold Lenders Accountable

by Jann Swanson Feb 13 2013, 1:45PM On Wednesday the House Financial Services Committee held a second in a scheduled series of hearings to look into the financial condition of the Federal Housing Administration (FHA).  The sole witness at the hearing titled...

Mortgage Rates Modestly Higher, Some Lenders More Than Others

  by Matthew Graham Jan 16 2013, 2:14PM Mortgage rates were higher on average on Wednesday, though some lenders didn’t move with the rest of the pack.  On one end of the spectrum, a few lenders were unchanged vs yesterday, but the bigger deviations from the...

Ten Questions on the New Mortgage Rules

By Nick Timiraos Regulators issued new mortgage rules on Thursday designed to prevent a return to lending practices that cratered the housing market and brought the financial system to its knees during the past decade. Here’s a look at some frequently asked questions:...

MBS MID-DAY: Bond Markets Holding Their Own After Fiscal Cliff Deal

Jan 2 2013, 11:06AM MBS Live: MBS Morning Market Summary Referring to the 11th hour passage of a Fiscal Cliff bill as a “deal,” is an overstatement.  But it’s at least a “mini-deal,” or depending on how important semantics are to you, a...

Mortgage Rates Approaching All-Time Lows

by Matthew Graham Mortgage News Daily Dec 5 2012, 3:47PM Mortgage rates were slightly lower again on Wednesday. Even though the day to day movements have been small, that gets us as close as we’ve been to the all-time lows seen in late September and early...

Mortgage rates hardly budge from historic lows

Mortgage rates hardly budge from historic lows Purchase loan demand sags, but still up 7 percent from year ago Inman News®     Rates on the most popular mortgage loans — those with fixed rates — moved up slightly this week but remained near historic lows,...