Once dominant, and then dormant, commercial real estate loans are beginning to show signs of life on the trading floor after a two-year slump, Jotham Sederstrom reports in The New York Times.
Attracted by more conservative underwriting and the perceived bottoming-out of property values, banks like J. P. Morgan Chase and the Royal Bank of Scotland [...]
Archive for the ‘borrowers’ Category
Banks Return to Commercial Mortgage Bonds
June 30th, 2010 by Mortgage Writer
Tags: borrowers, commercial real estate, financial market, investment, jpmorgan, mortgage backed securities, real estate loans, stock markets, wells fargo
more...What Wall Street reform means for your mortgage
June 29th, 2010 by Mortgage Writer
Predatory lending would likely become a thing of the past if proposed regulatory reform rules are put into practice. And that may mean that mortgages get more expensive and more difficult to get, lenders warn.
The new rules, which Congress is expected to vote on this week, require that financial institutions ensure that borrowers can afford [...]
Tags: borrowers, business, financial, financial crisis, home loans, homebuyers, housing market, interest rates, lenders, mortgage, Mortgage Bankers Association, mortgage lenders, mortgage payments, real estate, subprime mortgages, us consumer
Despite Record Rates, Mortgage Activity Sluggish
June 28th, 2010 by Mortgage Writer
WARY CONSUMERS AND TIGHT REGULATIONS MAJOR FACTORS
On June 24, average 30-year fixed mortgage rates dipped to an all-time record low of 4.69 percent. It was reported that some brokers were quoting rates as low as 4.25 percent for well-qualified borrowers in parts of the country.
But if anyone is expecting a flurry of home buying activity, [...]
Tags: borrowers, brokers, home sales, homeowners, interest rates, mortgage brokers, mortgage market, mortgage rate, us consumer
Mortgage Bond Prices Rise to ‘Insane’ Records: Credit Markets
June 24th, 2010 by Mortgage Writer
Mortgage securities with U.S.-backed guarantees are trading at record high prices on speculation homeowner refinancing will fail to accelerate and as supply of the bonds remains limited.
The average price of $5.2 trillion of bonds guaranteed by government-supported Fannie Mae and Freddie Mac or federal agency Ginnie Mae climbed to 106.3 cents on the dollar yesterday, [...]
Tags: bank of america, borrowers, commercial mortgages, credit, fannie mae, Freddie Mac, homeowners, housing market, money, Mortgage Bankers Association, mortgage securities, wall street
Troubled borrowers get help outside Obama mortgage plan
June 22nd, 2010 by Mortgage Writer
More troubled homeowners have fallen out of trial mortgage modifications than have received long-term help, a new government report released Monday shows.
But nearly half of these borrowers received alternate help, while only 7% have fallen into foreclosure, according to the latest report on the administration’s signature housing-rescue plan, Home Affordable Modification Program, known as HAMP.
Also, [...]
Tags: borrowers, financial crisis, foreclosures, home loans, homeowners, housing market, loan, mortgage, mortgage modification, Obama administration, subprime mortgages
Avoiding Mortgage Scams
June 21st, 2010 by Mortgage Writer
The FBI arrested more than one thousand people in a mortgage fraud crackdown last week. And though the government is doing what it can to crack down on fraud, consumers applying for a mortgage or looking for help avoiding foreclosure still need to be cautious. Kelli Grant, Senior Consumer Reporter for SmartMoney.com shares steps you [...]
Tags: borrowers, economy, foreclosure, housing market, loan, money, mortgage lenders, mortgage market, real estate
Mortgage rates rise slightly but remain near record lows
June 18th, 2010 by Mortgage Writer
Lenders are offering an average rate of 4.75% for a 30-year fixed mortgage, up from 4.72% last week, Freddie Mac says.
Mortgage rates rose slightly but remained near record lows this week after lenders reported the first increase in six weeks in the number of loan applications by would-be home buyers. But for the housing market, [...]
Tags: borrowers, financial, Freddie Mac, home loans, homebuyers, housing market, lenders, mortgage banker, mortgage lending, mortgage rates, real estate, tax credit
Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case
June 14th, 2010 by Mortgage Writer
The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history.
Fannie and Freddie, now 80 percent owned by U.S. taxpayers, [...]
Tags: business, fannie mae, financial, Freddie Mac, home loans, homebuyers, interest rates, mortgage backed securities, mortgage companies, mortgage market, mortgage payments
Factors and Variables Influencing Mortgage Finance
June 12th, 2010 by Mortgage Writer
Properties are secured under mortgage to oblige the borrower to make a predetermined succession of loan payments. A borrower can obtain mortgage finance to from a financial institution like banks. Components like loan size, loan maturity, interest rate and loan payment method differs significantly from one creditor to another.
Mortgaged properties levy restrictions on the use [...]
Tags: borrowers, credit card, foreclosures, interest rates, lender, mortgage brokers, mortgage finance, mortgage lenders, mortgage loans
Oh, Canada! What We Could Learn From Your Mortgage Market
June 10th, 2010 by Mortgage Writer
One of the biggest rounds of applause at a housing-policy conference sponsored by the Federal Reserve Bank of Cleveland this week was for Virginie Traclet, a soft-spoken researcher from the Bank of Canada. All the French-born Ms. Traclet had to do was describe Canada’s mortgage market.
To start with, interest on mortgage debt isn’t tax deductible [...]
Tags: borrowers, fannie mae, federal reserve, financial, Freddie Mac, interest rate, mortgage debt, mortgage loans, mortgage market, subprime loans, treasurys
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