Mortgage News

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02/02/2012 12:24 PM
Illinois accuses mortgage firm of robosigning
(Reuters) - The attorney general in Illinois on Thursday sued a mortgage document firm and said it filed "faulty" documents with local governments in a rush to process mortgages and foreclosures. Nationwide Title Clearing Inc was a "key contributor" to the mortgage crisis by "undermining the integrity and accuracy of the mortgage servicing and foreclosure process," Attorney General Lisa Madigan ...
02/03/2012 06:20 AM
Challenging Economy Continues to Weigh on Mortgage Insurers
NEW YORK, NY-- - Expectations for Mortgage Insurers remain poor in 2012 as significant weakness remains in the jobs and housing markets. In late January, S&P lowered its outlook on three mortgage insurers ...
02/03/2012 03:44 PM
Risky Mortgage-Bond Trading Rise May Invite Fed Sale
Trading in the riskiest mortgage-backed securities has more than doubled since the start of the year, encouraging once-shy investors to try to strike deals with motivated sellers, including the Federal Reserve Bank of New York.
02/02/2012 05:01 PM
Rate on 30-year mortgage falls to record 3.87 pct.
The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
02/02/2012 09:02 AM
Mortgage rates fall to new lows (again)
Mortgage rates once again hit new lows in response to the slowly growing economy
02/02/2012 05:30 AM
Bankrate: Mortgage Rates Hit New Record Lows - Again
NEW YORK, Feb. 2, 2012 /PRNewswire/ -- This week brought yet another record low in mortgage rates, with the average 30-year fixed mortgage rate falling to 4.12 percent, according to Bankrate.com's weekly ...
02/03/2012 03:54 PM
New York sues banks over electronic mortgage system
NEW YORK (Reuters) - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices. Schneiderman filed the lawsuit against Bank of America Corp , Wells Fargo & Co and JPMorgan Chase & Co in New York state court in Brooklyn. The lawsuit is over the banks ...
02/03/2012 02:25 PM
Rise In Risky Mortgage-Bond Trading May Invite Fed $6 Billion Sale
Trading in the riskiest mortgage-backed securities has more than doubled since the start of the year, encouraging once-shy investors to try to strike deals with motivated sellers, including the Federal Reserve Bank of New York.
02/02/2012 11:41 PM
Mortgage rates: new record lows. Again.
Mortgage rates drop to 3.87 percent for a fixed 30-year loan; 15-year fixed mortgage rates fall to 3.14 percent. That's the lowest in more than a half century of data.
02/03/2012 11:12 PM
JPMorgan, BofA Sued by New York Over Use of Mortgage Database
JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures.

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3.500

30 Year Fixed (3.624 APR)*

3.125

15 year Fixed (3.456 APR)*

2.250

5 year ARM (2.988 APR)*
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