by countyproperties | Jan 15, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
The Federal Reserve’s announcement that it’s purchasing up to $500 billion of securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae, has contributed to a reduction in mortgage rates to record lows. However, some mortgage experts warn that the low...
by countyproperties | Jan 15, 2009 | Current Affairs, Finance, Real Estate news
WASHINGTON – A divided Senate has approved President-elect Barack Obama’s request for $350 billion in unspent financial bailout funds. The 52-42 vote releases the money in the midst of rising foreclosures and a worsening climate for the nation’s banks. It...
by countyproperties | Jan 9, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Mortgage rates dip to new all-time lowFreddie Mac reported that average rates on 30-year, fixed-rate mortgages dropped to 5.01 percent for the week ending Jan. 8, setting a new record low and the tenth consecutive weekly decline. Best bet for a home loan now Stricter...
by countyproperties | Jan 9, 2009 | Current Affairs, Finance, Real Estate news
The central bank expects slow improvement in the second half, while BlackRock takes a sunnier view. Traders appear to believe that Wall Street will recover far sooner than the broader economy; placing value on predictions from BlackRock and a forecast for modest...
by countyproperties | Jan 3, 2009 | Current Affairs, Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Mortgage rates continued tumbling, as Freddie Mac reported today that interest on 30-year loans averaged 5.14 percent this week, the lowest point since it began tracking in 1971. That was down from 5.19 percent last week, itself a new low point. A year ago, rates...
by countyproperties | Dec 26, 2008 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
FANNIE MAE STREAMLINES MORTGAGE MODIFICATION PROGRAMSFannie Mae recently announced the Streamlined Modification Program (SMP) is now available to Fannie Mae servicers and borrowers as an option to help prevent foreclosures. The SMP enables services to change the terms...
