Prospective borrowers chose an adjustable-rate mortgage on 5.6 percent of the applications tracked in the latest Mortgage Bankers Association’s Weekly Mortgage Applications Survey . ARM share fell from 5.7 percent the previous week. Based on closed loans, Freddie Mac forecasts that ARMs will account for 6 percent of fourth-quarter volume then climb to 10 percent [...]
Posts Tagged ‘Mortgage’
ARM Activity Headed Higher
December 10th, 2010 
davidguide 
Posted in Banking 
Tags: Activity, adjustable rate mortgage, bankers, freddie mac, headed, higher, Loans, Mortgage, mortgage applications, mortgage bankers association, Percent, prospective borrowers, weekly mortgage 
Comments OffLearn About Bank of America Refinance Programs
December 7th, 2010 davidguide If you are looking to reduce your monthly mortgage payments, you can consider refinancing your home loan to a lower interest rate or from an adjustable-rate into a fixed rate loan by learning more about Bank of America refinance programs. Bank of America offers good refinancing programs to suit your needs. Furthermore, the bank also [...]
Posted in Banking Tags: About, America, Bank, federal national mortgage, federal national mortgage association, fixed rate loan, Home, home loan mortgage, home loan mortgage corporation, home loan payments, Learn, Mortgage, national mortgage association, Programs, Refinance Comments OffU.S. seek new rules for nonbank lenders
December 7th, 2010 davidguide The Obama administration on Monday introduced a proposal that would require thousands of independent mortgage lenders and mortgage brokers not affiliated with banks to file reports to the Treasury Department when fraud or money-laundering schemes are suspected. View full post on All Stories
Posted in Banking Tags: Administration, fraud, independent mortgage, lenders, money laundering schemes, Mortgage, mortgage brokers, mortgage lenders, nonbank, obama, Proposal, Rules, Seek, treasury department, U.S. Comments OffFannie Mae, Freddie Mac Blame Mortgage Servicers For Foreclosure Crisis
December 2nd, 2010 davidguide AHN News Staff Washington, DC, United States (AHN) – Officials of American mortgage giants Fannie Mae and Freddie Mac denied Wednesday they caused the foreclosure crisis, instead blaming mortgage services and law firms that they contract. The executives told Congress that since the two companies do not service loans the responsibility for managing payments by [...]
Posted in Banking Tags: America, barack obama, Blame, Commissioner Joseph Smith Jr., comptroller of the currency, Crisis, DC, Edward DeMarco, Executive Vice, Fannie, fannie mae and freddie mac, foreclosure, Freddie, housing finance agency, John Walsh, joseph smith jr, JPMorgan Chase, Mae, Mortgage, mortgage foreclosure, North Carolina, Servicers, Terence Edwards, United States, Walsh, WASHINGTON, Wells Comments OffBritish mortgage approvals slip to 8-month low
November 29th, 2010 davidguide LONDON (MarketWatch) — Banks approved 47,185 British mortgage loans in October, an eight-month low and down slightly from 47,369 in September, the Bank of England reported Monday. Total lending to individuals rose 0.1%, or 1.3 billion pounds ($1.5 billion), in October after a rise of 200 million pounds in September. The central bank’s favored measure [...]
Posted in Banking Tags: 8month, approvals, bank of england, British, London, market pulse, MarketWatch, money supply, Mortgage, mortgage loans, October, rapid fire, September, short news, slip Comments OffMortgage Market Metrics Continue Deterioration
November 25th, 2010 davidguide Mortgage originators priced 14 percent fewer loans based on the latest Mortech-Mortgage Daily Mortgage Market Index . Also lower for the second week was the average U.S. loan amount. The refinance share additionally fell for the second consecutive week to 54 percent. View full post on All Stories
Posted in Banking Tags: Continue, Deterioration, Loans, Market, market index, Metrics, mortech, Mortgage, mortgage market, mortgage originators, Percent, second consecutive week, U.S., week Comments OffBerkadia Commercial Mortgage to Expand Commercial Real Estate Financing Products with Addition of CMBS Loans
November 22nd, 2010 davidguide HORSHAM, Pa.–(BUSINESS WIRE)–Berkadia Commercial Mortgage will offer fixed-rate loans for inclusion in the new generation of CMBS and short-term floating-rate interim loans. Products are expected to be available in early 2011. View full post on All Stories
Posted in Banking Tags: Addition, Berkadia, Business, CMBS, Commercial, commercial mortgage, estate, Expand, financing, HORSHAM, horsham pa, interim loans, Loans, Mortgage, new generation, pa business, Pa., Products, rate loans, Real, wire Comments OffInstant Bad Credit Mortgage Loans – How To Get Approved
November 20th, 2010 davidguide It is possible for individuals to get instant bad credit mortgage loans. This is an important fact that everybody must know, simply because everybody requires an automobile or a house at some point in time. If you have an extremely a bad credit score, it can seem like there’s no way anybody will provide you [...]
Posted in Personal Loans Tags: Approved, bad credit loans, bad credit mortgage, bad credit mortgage loans, Credit, finance departments, Instant, instant bad credit loans, Loans, Mortgage, mortgage banks, score, system banks Comments OffFitch Downgrades Bear Stearns Commercial Mortgage Securities Trust 2006-TOP22
November 18th, 2010 davidguide NEW YORK–(BUSINESS WIRE)–Fitch Ratings has downgraded 12 classes of Bear Stearns Commercial Mortgage Securities Trust, series 2006-TOP22 commercial mortgage pass-through certificates, due to further deterioration of loan performance. A complete list of ratings follows at the end of the release. While projected losses on loans in special servicing remained fairly consistent relative to the previous [...]
Posted in Banking Tags: 2006TOP22, Bear, bear stearns, Commercial, commercial mortgage, downgrades, Fitch, fitch ratings, loan performance, Mortgage, mortgage securities, New York, performance, Securities, securities trust, specific performance, Stearns, trust, York Comments OffLenders face mounting mortgage claims
November 9th, 2010 davidguide Mortgage lenders foreclosing on record numbers of homeowners now face a potentially more formidable adversary: investors who bought bonds backed by bad loans. By John W. Schoen. View full post on All Stories
Posted in Banking Tags: adversary, Bonds, Claims, face, investors, John W. Schoen, lenders, Loans, Mortgage, mortgage lenders, mounting, record, record numbers, schoen Comments Off