by countyproperties | Oct 31, 2011 | Finance, Latest News, loan modification, Short Sales
The Federal Housing Finance Agency, along with Fannie Mae and Freddie Mac, on Monday announced changes to the Home Affordable Refinance Program (HARP) to help more borrowers. The program will continue to be available to borrowers with loans sold to Fannie Mae and...
by countyproperties | Oct 31, 2011 | Finance, Latest News, Real Estate news
The economy grew at an annual rate of 2.5 percent in the three months ending Sept. 30, the government reported, easing fears that the nation would fall into a second recession but still too slow a pace to cut significantly into the high unemployment rate....
by countyproperties | Oct 21, 2011 | Finance, Latest News, Real Estate news
Mortgage interest rates are not set by banks, lenders or brokers. Mortgage interest rates are based on mortgage-backed securities (MBS), which trade just like regular stocks and bonds. In essence, if MBS selling volume is lower, bond yields and mortgage interest rates...
by countyproperties | Oct 21, 2011 | Finance, Latest News, Real Estate news
The Senate voted 60-38 Thursday night to reinstall the elevated conforming loan limits on mortgages guaranteed by the government. The higher limits expired Sept. 30. Sens. Johnny Isakson (R-Ga.) and Robert Menendez (D-N.J.) introduced an amendment to H.R. 2112, a...
by countyproperties | Oct 16, 2011 | Finance, Latest News, Real Estate news
Commentary: U.S. economic picture unchanged despite European crisis Maintain a sense of humor. Most of the following could not be made up. Freddie Mac yesterday announced the lowest mortgage rates ever found in its 40-year survey: 3.94 percent with a 0.8 percent...
by countyproperties | Sep 30, 2011 | Finance, Latest News
The number of initial jobless claims fell 8.6% last week, dropping below 400,000 for the first time in months. The Labor Department said the seasonally adjusted figure of actual initial claims for the week ended Sept. 24 decreased by 37,000 to 391,000 from 428,000 the...
