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Home Mortgage News
The Latest News and Developments For Home Loans
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Home Loan's Latest Breaking News
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- Bernanke eases fears that Fed will drive up mortgage rates
USA Today - 1 hour, 21 minutes ago Federal Reserve Chairman Ben Bernanke said Wednesday that he doesn't expect the central bank will sell its huge trove of mortgage securities in the short term, easing concerns that such a move would raise borrowing costs for home buyers.
- Mortgage activity down slightly
UPI - Feb 10 9:50 AM WASHINGTON, Feb. 10 (UPI) -- The volume of applications for U.S. mortgages dropped slightly in a week ending Feb. 5 on a seasonally adjusted basis, an industry group said Wednesday.
- Products Tied to Mortgage Bonds May Face Peril
New York Times - Feb 09 9:18 PM Investors in collateralized mortgage obligations could be in for trouble if interest rates increase, causing a sharp fall in the value of these products.
- Mortgage applications for home purchases fell 7%
Market Watch - Feb 10 4:15 AM The volume of mortgage applications filed last week fell a seasonally adjusted 1.2%, compared with the week before, due to a drop in applications for mortgages to purchase a home, the Mortgage Bankers Association reported on Wednesday.
- Prieskorn, Laho plead not guilty in mortgage fraud case
Pioneer Press - 2 hours, 5 minutes ago Michael Prieskorn pleaded not guilty this morning to charges stemming from an alleged massive mortgage fraud scheme that authorities say brought him more than $5 million during the height of the housing boom.
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