Freddie Mac (houses for sale by owner) and MBA See Mortgage Rates Through Different Lenses
Freddie Mac and MBA See Mortgage Rates Through Different Lenses
It was one of those weeks when one had to wonder if Freddie Mac and
the Mortgage Bankers Association were operating in the same universe. The
former presented results of its weekly survey indicating that
mortgage rates were dead in the water while the latter
reported substantial interest rate declines for all products.
“Both economic indicators and mortgage rates came in mixed this week,”
said Frank Nothaft, Freddie Mac vice president and chief
economist…
Try using a partner’s credit to get started and then follow the steps above to improve your credit rating.
As a buyer, you should be aware of environmental concerns such as lead paint poisoning or dangerous radon levels in the home you are considering.
O’Neal is History and Merrill Lynch is Sued
As was widely expected on Monday, Merrill Lynch &
Company Tuesday morning announced the “immediate retirement” of
Stan O’Neal as the company’s Chief Executive Officer.
In other news, an investor lawsuit has been filed
against Merrill Lynch & Co contending that the company issued false and
misleading statements regarding its exposure to risky mortgage
investments, the plaintiffs’ lawyers said on Tuesday.
Credit Counselors and Short Sales May Bail Out Mortgagors
Several weeks ago we wrote two-parts of a three-part series on
foreclosure fraud, i.e. scams perpetrated against
troubled homeowners ostensibly to help them save their house or at least
avoid legal action but are actually intended to strip off the home’s
equity or take legal title to the property.
While it is pretty depressing to see the lengths to which some people
will go to profit from another’s misfortune, there are people who do
legitimately seek to rescue homeowners who are
delinquent on their payments.
First-time home purchasers usually make impulsive decisions that they regret and are left feeling short-changed afterwards.