NEW YORK (Reuters) - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday. If demand for purchase loans, a tentative early indicator of ...
MBA: Commercial mortgages have lower delinquency rate than other real estate loans Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday. Overall, 7.3 percent ...
The US home mortage sector remains under siege -- as recent huge losses reported by government-run Fannie Mae and Freddie Mac show -- from high unemployment and troubled loans. "Fannie Mae and Freddie Mac are being hit by continuous problems. That pressure ...
<div id="subtitle">Mortgage applications at 5-year high for second straight week as borrowers rush to refinance</div><div><p>Mortgage applications remained at their highest level in more than five years last week, as borrowers took advantage of attractive rates and rushed to refinance their home loans.</p>< ...
<div id="subtitle">Bad economic situation can lead to emotional problems as well</div><div><p></p><p>The Mortgage Bankers Association says with home prices falling and loans harder to get, more Americans are simply giving up trying to sell their homes and are just walking away ...
<div id="subtitle">Delinquencies, foreclosures rise to more than 9 percent of US home loans in second quarter</div><div><p>The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took ...
<div id="subtitle">Meltdown 101: Bankruptcy filing won't provide much help for most borrowers facing foreclosure</div><div><p>Can filing for bankruptcy help homeowners facing foreclosure?</p><p>For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer ...
<div><p>They are possibly the most despised financiers in America. But the nation's mortgage bankers, widely blamed for playing a central role in the global financial meltdown, are in no mood to be humble.</p><p>Thumping rock music, a glittering lilac backdrop and vast US ...
<div><p>They are possibly the most despised financiers in America. But the nation's mortgage bankers, widely blamed for playing a central role in the global financial meltdown, are in no mood to be humble.</p><p>Thumping rock music, a glittering lilac backdrop and vast US ...
<div id="subtitle">Recession is underway, but signs show turnaround beginning next year</div><div><p>Things may look bleak now, but bankers see some light at the end of the tunnel. The Mortgage Bankers Association is forecasting that the economy will contract in the second half of ...
