Those of us who write about the housing market and the virtues of the 30-year fixed home loan — as we did Wednesday — can calibrate our watches by how long it takes a reader to respond as follows:
Read more: http://tinyurl.com/owqb8bs
Those of us who write about the housing market and the virtues of the 30-year fixed home loan — as we did Wednesday — can calibrate our watches by how long it takes a reader to respond as follows:
Read more: http://tinyurl.com/owqb8bs
Read more: http://tinyurl.com/m5y5ph9
Wells Fargo & Co will pay a net $541 million US to Fannie Mae to settle claims over defective home loans, completing the government-controlled mortgage company’s efforts to have banks buy back troubled loans made before the financial crisis.
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New mortgage rules that go into effect Jan. 10 are designed to protect borrowers and lenders from the ills of the last housing crash. If lenders apply the rules, they are protected from legal recourse by borrowers or investors should the loans go bad.
Read more: http://www.cnbc.com/id/101298859
The Federal Reserve’s announcement Wednesday that it would reduce its bond-buying by $10 billion a month was seen generally as a moderate start to the highly anticipated taper. As such, mortgage rates, which follow bond yields, did not rise dramatically, as some had predicted.
Read more: http://www.cnbc.com/id/101283487
(Reuters) – Canadian condominium construction has surged but population growth has kept oversupply in check, the federal housing agency said in a report on Wednesday that also showed declining mortgage arrears and high home-equity levels.
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Rising home prices helped lift 4.2 million U.S. homeowners out of underwater territory on their home loans in the past year, market researcher CoreLogic reports.
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WASHINGTON (AP) — Average U.S. rates for fixed mortgages rose sharply this week, making home-buying slightly less affordable.
Read more: http://tinyurl.com/qg62n29
OTTAWA – The federal government is imposing a “risk fee” on CMHC for new issuances of high-risk mortgages starting next year — a fresh indication that Finance Minister Jim Flaherty is unhappy with the risk to taxpayers posed by Canada’s hot housing market.
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The recent increase in long-term rates is causing major changes in the mortgage markets. Here are some key trends:
Read more: http://tinyurl.com/llmlyc2