News

Refi share jumps to highest level since 2013 by
A steady drop in rates is giving homeowners a second chance to lower mortgage payments, and according to Ellie Mae, lenders in January saw their share of refinancing activity jump.
Rate Snapshot: Fed cautious about raising rates too soon by
When will rates rise? No one knows, not even the Fed.
U.S. identifying people to prosecute for roles in mortgage crisis by MPA
Will it actually work? Eric Holder has set a deadline for U.S. attorneys to identify individuals to prosecute for their roles in the financial crisis.

RealtyTrac reports foreclosures are up, but not everyone agrees by MPA
RealtyTrac recently reported that foreclosures jumped in January across the country due to a 55% jump in bank repossessions, but some are questioning the real estate information firm's data.
4.4 million: The number of FHA borrowers that could benefit from refinancing by MPA
Since the president’s action to lower FHA premiums, economists have tried to estimate the number of existing borrowers that could benefit from the reduction, and the Urban Institute is no different.
Daily Market Update: Share of low down payment mortgages hit 11-year low by MPA
Share of low down payment mortgages hits 11-year low...Mortgage rates break their decline streak