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NEW YORK (CNNMoney.com) -- Home mortgage rates retreated last week, with the 30-year fixed slipping to 5.7% from 5.8% the week prior, according to a report from a financial data aggregator released Thursday. The average 15-year mortgage rate also ...
Read moreMortgage rates slide - CNN Money
Freddie Mac announced Wednesday that it would offer loan-to-value ratios on home mortgage refinancings of up to 125 percent for qualified borrowers. The announcement comes as the Obama administration raised the maximum allowable loan-to-value (LTV ...
Read moreFreddie Mac allows financing of 125% of home value - Birmingham Business Journal
Now, borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac and are current on their payments could be eligible for refinancing even if they owe as much as 125 percent of the home's current value. Previously, the Home Affordable ...
Read moreNew mortgage rules could help more borrowers - San Francisco Gate
The Obama administration has expanded the Making Home Affordable program, their mortgage refinancing program, by increasing the loan-to-value limit. Now homeowners whose mortgages are up to 125% of the value of the home are eligible to refinance, an ...
Read moreExpanded help for homeowners - Boston Globe
Under the widened program, mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) will refinance up to 125 percent of a home's value, lifting the current 105 percent loan-to-value cap. "By expanding refinance eligibility, we can bring ...
Read moreFannie, Freddie ease terms for mortgage refinance - Kerala Next
Homeowners who have faithfully made their monthly mortgage payments might finally get a break. The Federal Home Loan Mortgage Corporation, nicknamed Freddie Mac, said Wednesday it will offer loan-to-value ratios on home mortgage refinancings of up to ...
Read moreFreddie Mac refinancing will aid homeowners - Medford Mail Tribune
Existing home sales in May rose 2.4 percent to an annual rate of 4.77 million, lower than forecast, and the median price was down 16.8 percent from the same month in 2008, according to the realtors. It would take about 9.6 months to sell the nation ...
Read moreMortgage requests fall most since Feb. - Boston Globe
July 1 (Bloomberg) -- U.S. mortgage applications fell last week by the most since February, defying efforts by President Barack Obama ’s administration to revive the housing market. Unemployment, which touched a 26-year high in May, and rising ...
Read moreU.S. Mortgage Applications Fall 19%, Defying Obama (Update1) - Bloomberg
July 1 (Bloomberg) -- Mortgage applications in the U.S. fell last week by the most since February, defying efforts by President Barack Obama ’s administration to revive the housing market. Unemployment, which touched a 26-year high in May, and ...
Read moreU.S. Mortgage Applications Fall 19%, Defying Government Efforts - Bloomberg
WASHINGTON, July 1 (Reuters) - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages. Under the widened program, mortgage finance companies Fannie ...
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