Posted on Thursday, 26th August 2010 by Charlotte W
The number of “underwater” mortgages declined in the second quarter of the year, but that’s mainly because some of those borrowers lost their homes to foreclosure, according to a new report out this week. The real estate data company Corelogic reported this week that 11 million homeowners, representing 23 percent of outstanding U.S. mortgages, were [...]
Posted on Friday, 20th August 2010 by Charlotte W
Americans’ aspirations about homeownership are becoming more modest, envisioning smaller homes for themselves when they think about buying a home at all. Over two-thirds of renters (68 percent) said they don’t anticipating buying a home for at least two years, according to the newest American Dream survey by real estate information company Trulia.com, with 27 [...]
Tags: Ownership
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Posted on Wednesday, 18th August 2010 by Charlotte W
Fixed-rate mortgages fell to new lows again this week, edging slightly downward in the weekly Freddie Mac rate survey. The averages on both the 30-year and 15-year fixed-rate mortgages declined two basis points, falling to 4.42 percent and 3.90 percent, respectively. A basis point is equal to 0.01 percent. Average initial rates on the [...]
Tags: Week
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Posted on Saturday, 14th August 2010 by Charlotte W
Private transfer fees would practically be banned under a new rule proposed by the Federal Housing Finance Agency (FHFA) that would prohibit Fannie Mae and Freddie Mac from backing mortgages that feature them. Such covenants require the buyer and/or seller to pay a fee to the original developer, a home association or other party [...]
Tags: Fees, Private Transfer, Private Transfer Fees, Transfer Fees
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Posted on Sunday, 8th August 2010 by Charlotte W
The state of Maryland is cutting the interest rate and boosting down payment assistance for its primary homebuyer assistance program. Borrowers obtaining mortgages through the state’s Maryland Mortgage Program will be able to obtain an interest rate of 4.25 percent, down from 4.5 percent previously, while the base amount for down payment and closing cost [...]
Tags: Homebuyer, Homebuyer Aid
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