mortgage interest rates edged lower this morning driven by news that a European Union finance ministers meeting set to take place before tomorrow’s much anticipated summit of all EU leaders has been cancelled.  Even though the larger body is still scheduled to meet tomorrow – today’s cancellation raises doubts in the mind of the ...

This morning, FHFA announced their enhancements to the HARP refinancing program. Operational details of the plan are to be released on November 15.

Only loans that were purchased or guaranteed by Fannie Mae or Freddie Mac on or before May 31, 2009 and have a current LTV over 80% are eligible.

In addition, the loan must be current, no late payments...

This morning, FHFA announced their enhancements to the HARP refinancing program. Operational details of the plan are to be released on November 15.

Only loans that were purchased or guaranteed by Fannie Mae or Freddie Mac on or before May 31, 2009 and have a current LTV over 80% are eligible.

In addition, the loan must be current, no late payments...

A declaration by President Barack Obama to end the war in Iraq helped drown other news Friday, including apparent moves by the White House to float a housing finance stimulus plan in the next few weeks.

Reuters broke the story Thursday, reporting that Sen. Dianne Feinstein (D-California) may have inadvertently shared plans by the Obama...

I consider myself a well educated individual.  I read as much as I can about what is happening in the economy and the markets so I can provide as up to date information to my clients on significant market happenings.  As intelligent as I think I am…I have to tell you that I cannot for the life of me understand how every day the markets go back and ...

FOR IMMEDIATE RELEASE

October 21, 2011

CONTACT: Megan McCormack

(202) 225-3201

Congressmen Miller and Sherman Praise Senate Approval of Higher Conforming Loan Limits

Washington, DC – Today, Congressman Gary G. Miller (R-CA) and Congressman Brad Sherman (D-CA), both senior members of the House Financial Services Committee, praised the Senate for passage ...

Senate Adopts
Oct. 20 (Bloomberg) — The U.S. Senate adopted a measure that would raise the maximum size of a home loan backed by mortgage companies Fannie Mae, Freddie Mac and the Federal Housing Administration to $729,750.

Senator Robert Menendez, a New Jersey Democrat, offered the increase as an amendment to a spending bill today. The...

Oct. 20 (Bloomberg) — The U.S. Senate adopted a measure that would raise the maximum size of a home loan backed by mortgage companies Fannie Mae, Freddie Mac and the Federal Housing Administration to $729,750.

Senator Robert Menendez, a New Jersey Democrat, offered the increase as an amendment to a spending bill today. The measure was...

The trend trajectory of mortgage interest rates continues to be far more influenced by investors’ perception of the degree of progress, or lack thereof, European leaders are making on euro zone debt and banking issues.

The latest chapter in this ongoing saga suggests the expected European Union summit planned for this weekend may be...

The trend trajectory of mortgage interest rates continues to be far more influenced by investors’ perception of the degree of progress, or lack thereof, European leaders are making on euro zone debt and banking issues.  As I have mentioned before — the fear currently gripping investors’ mind-set is that an outright loss of confidence in Euro...