IN mortgages : IN mortgage rates and home loans

Mortgage rates still below 5 percent (AP)

3/18/2010 10:16 AM

AP - Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows...Read More

Fed's Bernanke sees U.S. backing Fannie, Freddie debt (Reuters)

3/17/2010 5:07 PM

Reuters - Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday...Read More

Parsing the Fed's Statement: Experts Weigh In (The Motley Fool)

3/17/2010 3:12 PM

The Motley Fool - Surprise, surprise. As expected, the Federal Reserve on Tuesday held short-term interest rates unchanged at historic lows and maintained that it will keep rates low for an extended period of time. The central bank also reiterated its pledge to stop buying mortgage-backed securities at the end of this month. However, the Fed did up...Read More

Moving target: Goal for foreclosure aid in dispute (AP)

3/17/2010 2:52 PM

AP - Last year, the message was clear. Now it is murky...Read More

Wells Fargo signs up for loan modification program (AP)

3/17/2010 1:15 PM

AP - Wells Fargo & Co. has become the second bank to sign up for a government program to modify second mortgages...Read More

Bailout watchdog to audit gov't mortgage program (AP)

3/17/2010 12:12 PM

AP - The federal bank bailout watchdog is planning to scrutinize the formula used by mortgage companies to evaluate borrowers for the Obama administration $75 billion mortgage relief program...Read More

Fannie Mae slashes mortgage investment forecast (Reuters)

3/17/2010 10:25 AM

Reuters - Fannie Mae, the largest provider of U.S. residential funding, on Wednesday slashed its forecast for residential investment this quarter following a "setback" in home sales, and warned on its impact on the economic recovery...Read More

Getting a Mortgage Without Perfect Credit (BusinessWeek)

3/17/2010 7:08 AM

BusinessWeek - The government keeps promoting programs designed to help existing homeowners refinance their mortgages at a lower rate, as well as get perspective buyers into homes. In other words, Uncle Sam says he's here to help. "Phooey," say homeowners and prospective homeowners, who keep complaining that it is ridiculously hard to get a mortgag...Read More

When Will Mortgage Rates Go Up? (BusinessWeek)

3/17/2010 7:08 AM

BusinessWeek - Over the last several months, I've written a lot about the current state of residential real estate, and the opportunities made available by the combination of lower housing prices and falling interest rates. As we approach the end of this year's residential real estate buying-and-selling season, this is a good time to start thinking...Read More

Korea Life gains; buoys hopes for Samsung Life IPO (Reuters)

3/17/2010 3:21 AM

Reuters - Korea Life Insurance Co (088350.KS) shares closed up 8 percent in heavy trading on their debut on Wednesday, signaling keen demand ahead of bigger rival Samsung Life's planned $4 billion IPO in May...Read More

All mortgage services provided by Frank Gageby of Stonegate Mortgage Corporation.