Freddie Mac reported a four-basis-point increase in the average 30-year fixed mortgage rate
The lender expects to close its latest purchase by March
Strategic default, the questionable practice of walking away from a mortgage that no longer makes economic sense from an equity point of view, would be an acceptable option to 68 million Americans.
(NAR) Recently released government data for 2011 from the Home Mortgage Disclosure Act (HMDA) shows just how tight mortgage credit has been.
There is nothing more important to Realtors than the relationships that enable a smooth transaction. Yes, the Realtor, lender, title and appraisers, inspectors, attorneys – and the ever-unpredictable consumer.
The subprime mortgage meltdown left a bad taste for many investors who could not get rid of their toxic securities before 2008.