The 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.
The session kicked off with a feel-good video with uplifting messages such as “A Noble Profession” that flashed [...]
Posts Tagged ‘investors’
Hey, Mortgage Industry: Nobody Trusts You
May 25th, 2010 by Mortgage Writer
Tags: fannie mae, financial, Freddie Mac, global economy, homeowners, investors, Mortgage Bankers, Mortgage Bankers Association, mortgage market, mortgage rates, US Economy
more...Mortgage loan modification and credit scores
May 24th, 2010 by Mortgage Writer
A mortgage loan modification can prevent foreclosure but inevitably will damage your credit.
Homeowners struggling to make their house payments may seek a mortgage loan modification in hopes of avoiding foreclosure and protecting their credit score. However, loan modifications also take a toll on those scores.
In theory, a loan modification should be a mutually acceptable solution [...]
Tags: borrowers, credit, economy, financial, foreclosures, homeowners, investors, lenders, mortgage debt, mortgage loans, mortgage payments, US Economy
Mortgage Rates Continue Slide
May 21st, 2010 by Mortgage Writer
Mortgage rates declined again this week, with many reaching the lowest levels in years, according to Freddie Mac’s weekly survey of mortgage rates.
They have followed U.S. Treasury yields lower over the past several weeks as investor concern builds about Europe’s economic future. The benchmark 10-year yield touched a 5 1/2-month low Thursday.
Freddie Mac Chief Economist [...]
Tags: economic recovery, economy, european stocks, financial, Freddie Mac, global economy, interest rates, investors, mortgage market, mortgage rates, treasurys, US Economy
Most Mortgage Rates Hit Lowest Levels In Years -Freddie
May 20th, 2010 by Mortgage Writer
Mortgage rates declined again this week, deepening from last week’s levels that were already the lowest of 2010, with many reaching the lowest levels in years, according to Freddie Mac’s (FRE) weekly survey of mortgage rates.
They have followed U.S. Treasury yields lower the past several weeks as investor concern builds about Europe’s economic future. The [...]
Tags: banks, business, economic recovery, economy, europe, financial, Freddie Mac, investors, mortgage, mortgage rates, treasury
Mortgage Default Rates Lower as Consumers Choose Property Over Plastic
May 19th, 2010 by Mortgage Writer
The monthly default rates for first and second mortgages fell in April, but climbed for bank card loans for the third consecutive month, according to the latest data from credit-rating agency Standard & Poor’s and national credit bureau Experian.
Defaulting balances of bank card loans rose to 9.1% in April, from 8.9% in March and from [...]
Tags: banks, borrowers, business, economy, financial, housing market, interest rates, investors, loans, mortgage lenders, mortgage rates, stock markets, US Economy
Greece’s debt crisis pushes down mortgage rates here
May 18th, 2010 by Mortgage Writer
Many consumers may not be able to take advantage.
Blame Greece’s debt crisis for contributing to the recent drop in your stock portfolio, but give it credit for something that could benefit consumers: lower mortgage rates.
Last week, rates on fixed-rate mortgages fell to their lowest level this year, while rates on adjustable-rate loans dipped to a [...]
Tags: economic recovery, economy, federal reserve, financial, financial crisis, Freddie Mac, interest rates, investors, mortgage, mortgage rates, US Economy
Hung Parliament Means Fix Mortgage Rate Now!
May 15th, 2010 by Mortgage Writer
Despite a small recovery in the housing market over the months prior to the general election, many industry experts are warning of a sharp halt to this as a result of a hung Parliament. A decisive result either way would have been a much better result for the property market as there would be more [...]
Tags: business, economic recovery, economy, financial, homebuyers, housing market, investors, money, mortgage, mortgage market, mortgage rates, sellers, US Economy
Morgan Stanley shares drop on reported probe
May 12th, 2010 by Mortgage Writer
NEW YORK — Morgan Stanley shares dropped Wednesday following a report that the investment bank is facing an investigation into mortgage derivative deals.
Federal prosecutors are investigating whether Morgan Stanley misled investors about its role in a pair of $200 million derivatives whose performance was tied to mortgage-backed securities, according to a report in The Wall [...]
Tags: banks, CEO, economy, financial, Goldman Sachs, investment bank, investors, mortgage, mortgage securities, subprime mortgages, wall street
Reports show declines in mortgage defaults
May 11th, 2010 by Mortgage Writer
Is the tide of home-loan defaults finally beginning to recede?
There were signs of that on Monday in two reports examining trends in serious delinquencies — home loans on which borrowers are at least 60 days behind on payments.
A report from the credit data firm TransUnion said such delinquencies fell slightly across the nation in the [...]
Tags: borrowers, economic recovery, economy, financial, foreclosure, investors, mortgage, subprime loans, US Economy
Paulson: Mortgage Players Must Keep ‘Skin In The Game’
May 6th, 2010 by Mortgage Writer
WASHINGTON (Dow Jones)–Former Treasury Secretary Henry Paulson said Thursday underwriters and originators of mortgage-backed securities should retain some “skin in the game” by keeping a portion of those securities.
Paulson said that securitizing home mortgages isn’t in and of itself a bad thing, although such mortgage-backed securities were at the heart of the credit crisis.
“That being [...]
Tags: business, credit crisis, dow jones industrial, financial, financial crisis, investment bank, investors, mortgage, treasury
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