The loan blog

BigNews.biz (press release)

Treasury hopes new rules send short sales to the rescue of underwater mortgagesWashington PostIn a short sale, a homeowner sells the property for its current market value, which is less than what's owed on the mortgage, and the lender agrees to …Making Home Affordable—What Changes Need To Be Made In Home Loan Modification [...]

BofA HAMP mortgage modifications jump in MarchReutersN) completed 20666 mortgage modifications in March under a US government-backed program, up 61 percent from February, the bank said on Friday. …Bank of America Boosts Mortgage ModificationsWall Street JournalBank of America (NYSE:BAC) Adds 8000 More to Modified Mortgage ListAmerican Banking NewsBank of America Reports 21000 Permanent Home Affordable [...]

Mortgage rates stay below 5%Bizjournals.comLong-term US mortgage rates stayed below 5 percent for the second straight week, according to Freddie Mac's weekly rate report. …Cost of mortgage debt falls to six-year lowThink Moneyall 12 news articles »

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The Guardian

Mortgage approvals hit by end of stamp duty holidayFind a PropertyA report from the Council of Mortgage Lenders blames the end of the stamp duty holiday. Only 32000 loans were approved for house purchase in January 2010, …Mortgage approvals fall by halfThe GuardianMortgage rates fall to lowest level since 1993Financial TimesMortgage lending falls as [...]

WNCT

Another Clever Plan To Further Ruin The Housing Market24/7 Wall St. (blog)Nevertheless, a modest number of modified mortgages are better than none. The government may inadvertently kill the benefits of one of its programs by the …Gov't official warns on home down payment hikesThe Associated PressFHA Commissioner: Raising the Down Payment Requirement Would Hurt Housing [...]

The Guardian

Mortgage approvals fall by halfThe GuardianMortgage approvals fell back in January as first-time buyers deserted the market. Photograph: Matt Dunham/AP The number of mortgages approved for house …Mortgage agreements 'halved in January'BBC NewsMortgage lending slumps by halfThe Press AssociationUK home loans fall by half in JanuaryThe Associated Pressall 72 news articles »

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Washington Post

Mortgage Rates SteadyThe LedgerMortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday. The average rate on a 30-year fixed rate mortgage…Average 30-year mortgage rate drops to 4.95%, Freddie Mac saysLos Angeles Times30-year fixed-rate mortgage averages 4.95%MarketWatchMortgage Rates Fall This Week; 30-Year Fixed At 4.95%-FreddieWall Street JournalReuters -BusinessWeek -Credit [...]

We Bought A Toxic Asset; You Can Watch It DieNPRToxic assets — home mortgages packaged into complicated bonds that no one wanted to touch when the housing bubble collapsed — are starting to trade again. …Toxic Assets: (In)Frequently Asked QuestionsNPR (blog)Tracking Our Toxic AssetNPRPlanet Money's Toxic AssetNPRall 7 news articles »

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A New Chapter for BankruptcyNew York TimesHomeowners unable to keep up with their mortgages should have been able to file for relief under Chapter 13, resolve their problems and move on with their …Bankruptcy Attorney Chris Barsness Uses Chapter 7, Chapter 11, or Chapter 13 …PR Newswire (press release)all 9 news articles »

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Real Estate NewsGay and Lesbian TimesEven if they do sell they cannot possibly raise enough cash to pay off their existing mortgages. California is a textbook example of the troublesome …Give readers a mortgage program scorecardReynolds CenterObama plan creates short sale incentives next monthNewsday (subscription) (press release)Real-estate law: Use foreclosure time as your rebuilding seasonOrlando [...]