Fed vows to keep mortgage rates low

Mortgage rates have been below 4 percent for all but one week so far this year, and could remain in this area for the quite some time.
Mortgage rates have been below 4 percent for all but one week so far this year, and could remain in this area for the quite some time. [More]


HARP activity hits all-time high

One government initiative has been particularly successful so far this year in its effort to help more households saddled with negative equity.
One government initiative has been particularly successful so far this year in its effort to help more households saddled with negative equity. [More]


Job creation could prevent future economic downturn

The economy is slowly building momentum, and as a result, the private sector experienced significant job growth last month.
The economy is slowly building momentum, and as a result, the private sector experienced significant job growth last month. [More]


Principal reduction program a no-go

As a number of policymakers, politicians and industry groups continue to weigh the pros and cons of a principal reduction program, the agency that oversees mortgage activity at Fannie Mae and Freddie Mac announced will not allow such an initiative.
As a number of policymakers, politicians and industry groups continue to weigh the pros and cons of a principal reduction program, the agency that oversees mortgage activity at Fannie Mae and Freddie Mac announced will not allow such an initiative. [More]


Principal forgiveness could save taxpayers billions

The federal regulator that oversees mortgage activity at Fannie Mae and Freddie Mac is expected to make a decision on the implementation of a principal forgiveness program that could help millions of borrowers saddles with negative equity.
The federal regulator that oversees mortgage activity at Fannie Mae and Freddie Mac is expected to make a decision on the implementation of a principal forgiveness program that could help millions of borrowers saddles with negative equity. [More]


Bay State passes foreclosure prevention law

In an effort to further reduce the foreclosure rate across the state, Massachusetts lawmakers recently passed a bill restricting home repossessions to certain properties types.
In an effort to further reduce the foreclosure rate across the state, Massachusetts lawmakers recently passed a bill restricting home repossessions to certain properties types. [More]


Freddie conducts less mortgage-oriented business in June

In an effort to reduce the role it plays throughout the mortgage industry, Freddie Mac continued to shrink its book of business in June.
In an effort to reduce the role it plays throughout the mortgage industry, Freddie Mac continued to shrink its book of business in June. [More]


FRMs reach new all-time lows

In the wake of a string of uncertain economic reports, mortgage rates once again reached new lows in the week ending July 26.
In the wake of a string of uncertain economic reports, mortgage rates once again reached new lows in the week ending July 26. [More]


Mortgage rates tumble to new record levels during July

Real estate records continue to be smashed, as a new survey indicates mortgage rates have dropped to yet another all-time low.
Real estate records continue to be smashed, as a new survey indicates mortgage rates have dropped to yet another all-time low. [More]


Fannie, Freddie launch new data standardization programs

In an effort to make the housing finance system more transparent and streamlined, one government-sponsored enterprise recently announced it and it's sister company planned to adopt a new way to standardize data shared between mortgage lenders and appraisers.
In an effort to make the housing finance system more transparent and streamlined, one government-sponsored enterprise recently announced it and it's sister company planned to adopt a new way to standardize data shared between mortgage lenders and appraisers. [More]