Tag Archives: Borrowers

Obama to push for reform of mortgage giants

The crux of his call, however, will be for more mortgage refinancing, which is, ironically, harder now that mortgage rates are rising. Rates are rising because the Federal Reserve is signaling that it will stop buying mortgage-backed securities now that … Continue reading

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Obama to push for housing reform of mortgage giants

The crux of his call, however, will be for more mortgage refinancing, which is, ironically, harder now that mortgage rates are rising. Rates are rising because the Federal Reserve is signaling that it will stop buying mortgage-backed securities now that … Continue reading

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Higher mortgage rates may mean easier credit

(Read more: Mortgage delinquencies suddenly spike) It is likely no coincidence that standards are easing as rates rise and mortgage applications fall. Total mortgage applications were down 47 percent last week from a year ago. Refinances, which had been the … Continue reading

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Why the value of your home may go up

“It’s about energy efficiency, it’s about savings, it’s about increasing the borrowing power for the borrower. I think it’s a win-win for the industry,” said Sen. Johnny Isakson, a co-sponsor of the bill. The bill instructs lenders with loans backed … Continue reading

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Housing Sentiment sours as mortgage rates rise

“Prices have to be lowered, more cash must be put into the transaction in the form of a down payment or to buy down the interest rate in order to qualify for the same house price,” said Hanson. “Buyers must … Continue reading

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