For the two weeks surrounding Christmas some lenders are halting evictions.
(AOL Black Voices) — If you’re lucky enough to get approved for a mortgage, or even get a pre-approval for a home loan, how do you know if you’re getting the best possible terms? One way to know a terrific deal from a so-so one, is to get an outside, professional opinion of your mortgage […]
(Black Enterprise) — Government-controlled mortgage buyer Freddie Mac is asking for $1.8 billion in additional federal aid after posting a larger loss in the second quarter. Freddie Mac says it lost $6 billion, or $1.85 per share, in the April-to-June period. That takes into account $1.3 billion in dividends paid to the Treasury Department. It compares […]
The fact that Freddie Mac needs another $10.6 billion wasn't even a blip on the general media, but this is frightening stuff.
(Bloomberg) — The Federal Reserve’s completion this week of its program to buy $1.25 trillion in mortgage bonds probably won’t mean significantly higher U.S. home loan rates as investors return to the market, replacing the Fed. Fixed mortgage rates likely will rise less than a quarter of a percentage point in the next three months, the smallest […]
The administration is targeting stronger consumer protections and explicit guarantees for any government backstop of mortgages.