Search:

News by Subject
Complete list of specialty news sections.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Mortgage Industry News
Subscription-based news for people who work in real estate finance.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories for your web site or for your RSS reader.

News Archives
Archive of news entries.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Graphs
Directory of lenders, branch operators and mortgage service providers.
home advertise email RSS about us
 
HOT Topics Rates Glossary LO License Search
Consumer Mortgage News
Free mortgage news for current and prospective borrowers from a leading online mortgage industry news publication.



Consumer Mortgage News
2012 Archives

Using Reverse Mortgages for Home Purchase With No Monthly Payments
Elinore Dunton raised five children in the four-bedroom house she had owned for the past 36 years, but when her youngest son and two grandchildren moved out earlier this year, she was left alone with too much house and too little income to stay put.

How to Increase Credit Score
You may never know what it's like to be rich or famous, but you don't need either of those attributes to join the ranks of another elite and desirable group: people with the highest credit scores.

Mortgage Rates Mixed
Mortgage-rate trends were mixed this week, Freddie Mac said, with lenders offering 30-year fixed-rate loans at an average 3.37 percent, up from 3.32 percent a week earlier.

Understanding Private Mortgage Insurance
If you're getting a home loan, the lender may require you to pay for private mortgage insurance, or PMI. Here are some key things to know about PMI and how to get rid of it:

Mortgage Rates Slip
Fixed mortgage rates eased slightly this week, with lenders offering 30-year loans to solid borrowers at an average interest rate of 3.32 percent, down from 3.34 percent last week and near the record low, according to the latest Freddie Mac survey.

Interest Rates Linger Near Record Lows
Mortgage interest rates edged higher from record lows this week, with lenders offering the 30-year fixed loan to solid borrowers at an average of 3.34 percent, Freddie Mac said in its latest survey.

Borrowers Opt for 15 Year Mortgages
A growing number of Clark County, Wash., home mortgage borrowers apply for 15-year loans to shorten the length of their payment plans and take advantage of historically low fixed rates, according to local mortgage finance experts.

Mortgage Rates Edge Higher, Remain Near Record Lows
Mortgage interest rates edged up a hair from their record lows this week, with lenders offering the 30-year fixed loan at an average of 3.32 percent, Freddie Mac said in its latest survey.

Military Grant for Home Purchases
A national grant program gives military members up to $5,000 to be used for any costs associated with buying their first home.

Wells Fargo Giving Away More Downpayments for CA Homebuyers
OAKLAND, Calif. -- Wells Fargo is hoping a new $5 million program will help hundreds of prospective home buyers in the East Bay come up with the thousands of dollars they typically need to make a down payment on a home, the bank said Tuesday.

New Lows for Mortgage Rates
Fixed mortgage rates fell to record lows for the second week in a row, a welcome sign for a recovering housing market, economists said.

Borrowers Rush to Refinance Mortgages
There's a line at the bank, but you won't see it in the lobby or at the drive-thru window.

Free Down Payments for Sacramento Homebuyers
Wells Fargo is giving away money for down payments.

Record Mortgage Rates Return
Rates on 30-year fixed mortgages fell to another low Thursday, according to Freddie Mac.

Foreclosed Borrowers Find Financing from FHA
As John and Beverly Keeler got older, into their 80s, and their health got worse, they needed more money to pay their bills. Particularly the medical ones.

Deciding On a Reverse Mortgage
As John and Beverly Keeler got older, into their 80s, and their health got worse, they needed more money to pay their bills. Particularly the medical ones.

Military Spouse's Old Job Income Can't be Used in Mortgage Approvals
Some are figuring out how to make retirement income stretch. Others are starting out with plans and dreams -- of finding the right job, buying a home. The Wichitans interviewed for this story all want to get on with their lives and succeed in a challenging economy.

Mortgage Rates Hover Near Record Lows
Mortgage interest rates moved slightly lower this week, according to housing finance giant Freddie Mac, with lenders offering 30-year fixed-rate home loans to solid borrowers at an average of 3.39%, compared with 3.41% last week.

FHA Loans Available 3 Years After a Foreclosure
LIVERMORE, Calif. -- R.C. and Stacy Davis lost their condominium to foreclosure in 2009, a bad break that seemed destined to keep them from buying another home for many years.

Interest Rates on Mortgages Inch Higher
Mortgage rates edged higher early this week from their recent record lows, with the average interest on a 30-year fixed-rate loan rising from 3.37 percent last week to 3.41 percent, Freddie Mac's latest survey showed.

Near-Record Low Rates Help Seniors Sock Away Cash
The lowest mortgage rates in history are helping older borrowers ease their debt burden and allowing baby boomers to sock money away for retirement, mortgage brokers say.

Lenders Offering Home-Equity Credit Lines Again
Seeking money for a pressing need or unexpected expense? A TV commercial airing these days from U.S. Bank suggests a solution: A home equity line of credit.

30-Year Mortgage Rates Teeter Near Record Level
Mortgage rates dipped on Thursday, according to the latest survey by Freddie Mac.

Optimizing Credit Scores for Mortgage Approvals
Good credit is important, especially when you're looking to buy a house. Mortgage lenders have to know whether you're able to repay the debt, and have to determine through your credit history if you're willing to pay, as well.

Fed Moves Behind Refinance Tsunami
The Federal Reserve has touched off the biggest mortgage refinancing wave since 2009 by driving the interest rates on 30-year mortgages to record lows near 3.5 percent.

Homeowners Refinance in Droves
Applications to refinance home mortgages rose last week to their highest level in more than three years, as homeowners sought out record low interest rates caused by the Federal Reserve's continued purchase of mortgage-backed securities.

More Borrowers Refinance as Mortgage Rates Hit All-time Low
Average rates on fixed home mortgages dipped to record lows Thursday, hitting levels most industry experts figured they'd never see.

Record Rates Revitalize Home Purchase Market
Fixed mortgage rates are breaking their previous average record lows, which will help to keep home buyer affordability high and refinancing strong and should support an already improving housing market, McLean-based Freddie Mac says.

Consumers Head to Banks in Droves for Refinances
With mortgage rates plummeting during the past few years, some Lima banks have noticed an influx of residents wanting to refinance their house for a lower monthly payment.

All Time Lows for Mortgage Rates
Get the record book out again: The typical rate for a 30-year fixed mortgage sank to an all-time low of 3.4 percent this week, according to Freddie Mac's survey of lender offering rates.

When is Time Right to Refinance?
They're knocking on the lender's door. As mortgage rates have tumbled to all-time lows, demand for refinancing has fired up homeowners nationwide.

Mortgage Rates Drop to Record Lows Following Fed Moves
The Federal Reserve's latest efforts to bolster the economy enabled mortgage rates to fall this week.

Many Borrowers Won't Benefit from Fed Moves
The Federal Reserve announced big new steps last week to further push down mortgage interest rates and spur housing. But the vast majority of Americans with mortgages have rates higher than those rock-bottom ones already being offered by the big lenders, indicating that many people are unable to take advantage of the historic drops in loan costs when it could be helping them the most.

Speculation About Fed Moves Hold Mortgage Rates
The nation's mortgage market, like much of the nation, is waiting to see whether the Federal Reserve offers additional monetary easing, so mortgage interest rates held steady this week.

Mortgage Shoppers Sell Themselves Short
The latest frenzy of mortgage refinancings has benefited millions of Americans who have been responsible or lucky enough to qualify for 30-year fixed-rate home loans below 4 percent.

Mortgage Rates Tic Down
The typical rate for a 30-year fixed-rate mortgage dropped slightly this week to 3.55 percent from 3.59 percent a week ago, Freddie Mac said in its latest survey of what lenders were offering to solid borrowers.

Mixed Economic Data Holds Mortgage Rates
The interest rate on 30-year fix mortgages slid in the latest week, according to Freddie Mac.

Mortgage Rates Retreat
The average rate on 30-year fixed mortgages fell after advancing for four weeks, Freddie Mac reported on Thursday.

Government Programs Drive Refinance Wave
Florida is among the nation's leaders in the refinancing boom.

Mortgage Rates Up 4 Consecutive Weeks
Average fixed-rate mortgage rates have increased for the fourth consecutive week, to 3.66 percent for a 30-year loan, Freddie Mac reported Thursday.

3 Consecutive Weeks of Rising Rates
Mortgage rates have ticked upward for a third consecutive week, reflecting recent reports that show a gradually improving economy.

Mortgage Rates End Streak of Record Lows
Mortgage rates ticked up this week, putting the brakes on a historic streak of low borrowing costs that has helped lift the housing market and make homeownership more affordable for thousands of people who have refinanced.

Determining Whether to Pay Off Mortgage Earlier
Paying off the mortgage early. Saving for college. Those are two major personal finance areas addressed this week by Walt Romatowski, a certified financial planner in Roseville, Calif., and one of our "Ask the Experts" writers.

Streak of Record Mortgage Rates Ends
South Florida is enjoying a refinancing boom just as mortgage rates jumped this week -- average 30-year, fixed-rate loans increased to 3.55 percent.

Just Another Week of Record Mortgage Rates
The winning streak continues for consumers looking to purchase homes or refinance their existing mortgages, as average mortgage interest rates hit another record low this week.

Borrowers Boost Refinance Applications
Homeowners' efforts to refinance their existing mortgages hit a three-year high as consumers rushed to take advantage of still-record low interest rates.

Fixed Mortgage Rates Set New Records
Mortgage rates hit another record low this week, with the average rate for a 30-year, fixed-rate mortgage slipping to 3.53 percent, Freddie Mac reported Thursday.

Lay the Groundwork for a New Mortgage
Mortgage rates aren't driving new house payments quite as low as a luxury car lease, but boy, it's getting close in some neighborhoods.

Fixed Mortgage Rates Establish Yet Another Record Low
PALM BEACH GARDENS, Fla. -- Every time it seems like mortgage rates can't do the limbo any lower, they do.

Low Rates Spark Detroit Home Sales
Mortgage rates fell to their lowest levels ever this week, giving more reason for optimism that the fledgling housing recovery is gaining traction.

New Record Low for 30-year mortgage
The typical rate for a 30-year mortgage reached yet another record low this week by plunging to 3.56%, according to Freddie Mac -- the 11th time in the past 12 weeks that rates set or tied a record.

Troubling Trends in Reverse Mortgage Lending
Much of the wealth of millions of baby boomers is tied up in their houses -- a sure sign we're going to see a growing demand for reverse mortgages.

Secrets to Qualifying for a Mortgage
Mortgage rates have plunged to record lows, below 4 percent. That's great -- but only if you can actually qualify for a loan, and that's not easy. After giving away the store during the housing boom with disastrous results, lenders have tightened their underwriting standards, leaving many would-be home buyers out of luck.

Mortgage Rates Higher in New England
The average mortgage rates dropped lower into record territory amid less consumer spending and a contracting manufacturing industry, according to data released Thursday by Freddie Mac.

Yet Another Record Low for Fixed Mortgage Rates
The average interest rate on the benchmark 30-year, fixed-rate mortgage hit another low this week.

First-Time Home Buyers Should Steer Clear of FHA Loans
The stabilizing housing market is becoming a curse for first-time homebuyers.

Mortgage Rates Match, Break Record Lows
The news is generally improving on the home-finance front, with mortgage rates holding at all-time lows in the latest Freddie Mac report and bank regulators saying new foreclosures fell to a three-year low.

More Documentation Needed for Loan Approval Today
Strict rules now used by lenders to qualify home buyers for mortgages are a direct result of the relaxed requirements during the housing boom in the mid-2000s that led to the Great Recession and millions of foreclosures, experts say.

New Low for 30-Year Mortgage
After ticking up last week, the average rate on a 30-year, fixed-rate mortgage headed down this week, setting another new all-time low of 3.66 percent for the benchmark interest rate.

Fresh Off of Recent Refinance, Borrowers Refinance Again
Record low interest rates and rising home values have sparked a surge of refinancing across the San Francisco Bay Area.

Government Program Finances Rural Homes
After renting for several years, Willie Hall and his family have a place to call their own.

Online Refinancing Resources
Home mortgage refinancing remains an option for homeowners looking to lower monthly payments -- or possibly avoid foreclosure.

Borrowers Rush to Refinance as Rates Plummet
South Floridians are rushing to refinance their mortgages as interest rates spiral to historic lows -- below 3 percent in some cases.

New Lows for Fixed Rates
Mortgages rates continued their downward trend this week, falling for the sixth consecutive week to all-time lows for both 15- and 30-year fixed-rate loans.

Record Rates Increase Home Purchase Opportunities
Mortgage interest rates fell to record lows this week, breaking records set in each of the four previous weeks and making home ownership increasingly affordable for those able to secure new or refinanced loans.

Plunging Mortgage Rates Create Big Opportunity
Mortgage rates hit record lows last week, the fifth record-setting week in a row.

Mass Migration into 15-Year Mortgages
LOS ANGELES -- As mortgage rates sink deeper into record territory, homeowners are refinancing into 15-year loans at a pace not seen in a decade, aiming to pay off their debt in time for retirement.

Shorter Terms Popular on Refinances
Record-low mortgage rates are helping local banks bring in record-high customer traffic as York County, Pa., homeowners seek to refinance their loans.

Navigating Loan Modification Process
For homeowners struggling to stay in their homes, a mortgage modification may be the way to go.

More Prospective Buyers Lured by Record-Low Rates
Barry Shaner, president and chief executive of Directions Credit Union of Sylvania, has been in the financial industry a long time, but he acknowledges that few in the industry have ever seen mortgage interest rates like those available now.

Questions to Answer Before Getting Reverse Mortgage
When cash-strapped seniors need money for major bills and have no other source to tap, many look to their homes.

U.S. Home Market Shows Signs of Life
WASHINGTON -- More green shoots are appearing in the nation's long-dormant housing market.

Mortgage Rates Unbelievably Low
Mortgage rates are hitting once inconceivable lows as the European debt crisis and the Federal Reserve's "Operation Twist" drive interest levels into the cellar.

Low Rates Are Much Needed Boost for Ailing Housing Market
Mortgage rates in the United States have slipped to a new low, bolstering hopes that the beleaguered housing market will continue to strengthen.

Many Don't Qualify for New Mortgage
Local Dayton, Ohio, homeowners able to refinance their mortgages at today's record low interest rates could save hundreds of dollars on monthly payments, putting more money in their pockets to spend on other things.

The Case for Refinancing
With interest rates as low as they've been in decades, refinancing a mortgage can look appealing.

Mortgage Rates In the Cellar
Mortgage rates are hitting once inconceivable lows as the European debt crisis and the Federal Reserve's "Operation Twist" drive interest levels into the cellar.

Credit Score Misconceptions Revealed
Although consumers have improved their overall knowledge about credit scores over the past year, they continue to harbor potentially costly misunderstandings, according to a just-released survey from the Consumer Federation of America.

Huge Homebuyer Savings Compared to 5 Years Ago
The three-bedroom residence at 1083 Hernandez Avenue in Las Vegas shows how much difference five years and a record-low mortgage interest rate can make for prospective homeowners.

Low Rates and Home Prices Make Homebuying More Affordable
For the second week in a row, mortgage rates dropped to new lows, making homes the most affordable they have been in South Florida for years.

Best Opportunity Ever to Refinance
Mortgage interest rates hit a historic low in a weekly survey released Thursday. The continuing low rates are expected to spark refinancing more than home sales, which are still challenged by economic conditions and low inventory.

Record Mortgage Rates Won't Necessarily Help Sales
Mortgage interest rates fell to record lows this week, but the news was met with lukewarm enthusiasm in Palm Beach County, Fla., where cash buyers abound and tighter lending standards are the biggest barrier.

Thawing Credit Market Helps Houston
New jobs and better access to credit for homebuyers helped lift Houston's housing market during the first quarter.

Homebuyer Interest Increases
Santa Fe, N.M.'s, housing market has lost its fear.

Many Homeowners Become Renters
High foreclosure rates and a strong rental market pushed the homeownership rate in the United States to a 15-year low, even as projections for the housing market grew brighter.

Affordability Lures Renters into Homebuying
The median price of a home in California's San Fernando Valley today is just around $350,000 -- or roughly the same level it was nine years ago, before the real-estate roller coaster of the late 2000s.

15-Year Mortgage Falls to Record Low
Rates on 15-year fixed-rate mortgages fell to an all-time low average of 3.11 percent this week, according to a home mortgage survey by Freddie Mac.

Struggling Buyers Find Help with Seller Financing
MINNEAPOLIS -- Deann Gayles refused to let her marred credit history stop her from realizing her dream of buying a house.

Rising Rates Hurt Refis, But Home Purchase Making More Sense
Mortgage rates are heading up, and consumers have an improving economy to blame.

30-Year Mortgage Retreats from Record Low
Fixed mortgage rates are edging up from their record lows, this week's market surveys indicate.

When Is It Better to Buy Than Rent?
South Florida renters constantly hear jeers that they're paying somebody else's mortgage.

Record Rates Repeat
Average 30-year, fixed-rate mortgages remained at all their all-time record low interest rate at 3.87 percent for the second week, Freddie Mac reported Thursday.

Knowing Who Owns Loan Can Provide Benefits
Borrowers who are in distress can benefit by understanding who owns their mortgage.

Consequences of Walking Away from Mortgage
Homeowners who owe more on their mortgages than their houses are worth sometimes consider just walking away from the property. But there can be serious consequences to such a move.

What's The Difference Between Your Credit Report And Credit Score?
After a recent TBL [http://www.courant.com/business/custom/consumer/hc-bottom-line-credit-cards-20120114,0,288554.column] on what's coming in credit cards this year, reader Dave Ellington of South Windsor noted the distinction between a credit report and a credit score.

Refinance Volume Surges as 30 Year Hits Record Low
Mortgage rates have fallen to the lowest level since the 1960s, prompting homeowners to consider trading in their old loans for new ones.

Refis Dry Up Housing Supply in Santa Fe
Lower interest rates have boosted homeownership in Santa Fe, N.M., but they also have reduced sales inventory as more families refinance and stay put.

Credit Executive Says Scores Have Fallen 20-30 Points Over Past Year
Getting out of debt is one of the more popular New Year's resolutions. And frankly, rebuilding credit should be at the top of the list in 2012.

How to Improve Credit Score
When you try to lose weight, one of the first things you need to do is hop on the scale and get a real number.

All-Time Low Again for 30 Year
The average for 30-year, fixed-rate mortgages matched the all-time record low this week.

Best Real Estate Markets
While many areas of the country continue to suffer from falling home prices, some real estate markets are forecasted to see appreciation this year.


Consumer Mortgage News Archives


 
Refinance News
News about refinance programs, pricing and production.
H A R P 2.0 News
News stories about the H o m e Affordable Refinance Program including expanded program guidelines.





Copyright © 2016 MortgageDaily.com
MortgageDaily.com Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources (MortgageDaily.com full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

refinance news

reverse mortgage news

secondary marketing

servicing news

subprime news

wholesale lenders