Tax-credit deadline passes, mortgage applications swoon
Wednesday, March 16th, 2011You didn’t need to wait long for a sign of what the end of the home buyer tax credit program means: Mortgage applications by buyers fell 27 percent last week — following a 10 percent drop the week before — to their lowest level in 13 years.
Mortgage loan modification and credit scores
Wednesday, March 16th, 2011A mortgage loan modification can prevent foreclosure but inevitably will damage your credit.
Hey, Mortgage Industry: Nobody Trusts You
Wednesday, March 16th, 2011The mortgage banking industry knows it’s not the most popular kid on the block right now, but it tried to put a positive face on the state of the industry during a convention in New York on Monday.
Nationwide Home Loans Fall 37% on Contracting British Market
Wednesday, March 16th, 2011Nationwide Building Society, the U.K.’s largest customer-owned lender, said gross residential mortgage lending dropped 37 percent to 12 billion pounds ($17.2 billion) in the last fiscal year as housing transactions slumped.
Expiring tax credits boost new home sales; mortgage rates, falling prices help
Wednesday, March 16th, 2011New home sales surged last month as home buyers rushed to take advantage of tax credits that have helped lift the housing market, according to government data released Wednesday. Sales of new single-family homes rose 14.8 percent in April, compared with March, to a seasonally adjusted annual rate of 504,000, according to Commerce Department data. [...]
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