Fannie Mae and Freddie Mac should stop charging mortgage servicers “unfair fees” for foreclosure delays, the head of the Mortgage Bankers Association said Wednesday. “Servicers now face compensatory fees, not for mistakes or unreasonable delays, but...
Is FHA sending its most profitable, lowest-risk customers — homebuyers who have very good to excellent credit — to Fannie and Freddie for their mortgages, thereby losing significant market share? Yes. Are FHA’s multiple and costly hikes to its insurance premiums — and...
Gotta love it. The 2014 consensus forecast for accelerating growth lasted nine whole days. Crashing with it: any immediate rise in mortgage rates. Oh, hopes for faster GDP growth will be back, maybe quickly. But given a black sense of humor, nothing beats the...
The clock is ticking for buyers and homeowners who want to grab a low mortgage rate in 2014. But if you stay on top of your game, keep your finances in order and act quickly, you can still grab attractive mortgage deals. These 10 mortgage tips can help you with your...
Rising home prices continue to pull underwater homeowners into positive equity positions, with 791,000 additional properties returning to a situation in which the borrower no longer owes more than the home is worth in the third quarter, CoreLogic (CLGX) said Tuesday....
While some say new mortgage rules scheduled to take effect on Jan. 10 could crimp lending, the rules are key to building private investors’ confidence in the secondary market, according to a white paper released today by real estate data and technology firm CoreLogic....