MORTGAGE RATE NEWS

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Vote Home-Price Drop Leaves 27% of U.S. Owners Underwater on Loans, Zillow Says www.bloomberg.com — .The number of U.S. homes worth less than their outstanding mortgage jumped in the fourth quarter as prices fell and lenders seized fewer properties from delinquent borrowers, according to Zillow Inc. About 15.7 million homeowners had negative eq Tags: home prices mortgage 1 point, submitted 2 years ago by John Martin 32 comments
Vote Obama Administration Calls for Winding Down Fannie, Freddie www.bloomberg.com — U.S. Treasury Secretary Timothy F. Geithner presented Congress with a set of options for weaning the $11 trillion mortgage market from its dependence on the government, while calling for changes to be phased in “responsibly and carefully” to avoid ec Tags: fannie mae mortgage rates 1 point, submitted 2 years ago by Jason Evans 0 comments
Vote Fannie, Freddie May Waive Appraisals for Refinancings www.bloomberg.com — Dec. 10 (Bloomberg) -- Fannie Mae and Freddie Mac, the mortgage-finance companies seized by the U.S. government, are considering waiving a requirement for new appraisals on refinanced loans, their regulator said. Tags: appraisals fannie mae Freddie Mac mortgage insurance refinance 1 point, submitted 4 years ago by Jason Evans 593 comments

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