NEW YORK (Reuters) - Applications for home mortgages in the U.S. fell last week even as mortgage rates edged down, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage activity fell 5.7 percent to 715.0 in the week ended Nov. 19, more than offsetting a 4.3 percent gain the prior week. Fixed 30-year mortgage rates averaged 5.64 percent... : Mortgage Applications Fell Last Week -MBA
Mortgage applications decrease as rates ease
NEW YORK (Reuters) - Applications for U.S. home mortgages decreased last week amid a sharp drop in purchasing and refinancing activity even as mortgage rates eased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity decreased 10.5 percent to 699.2, more than o... : Mortgage applications decrease as rates ease
Wraparound mortgage
A second mortgage which leaves the original mortgage in place. The wraparound mortgage is held by the lending institution as security for the total mortgage debt. The borrower makes payments on both loans to the wraparound lender, who in turn makes payments on the original primary mortgage. ... : Wraparound mortgage
Private Mortgage Insurance
What is Private Mortgage InsurancePrivate mortgage insurance (PMI) is a policy that protects lenders who make loans to individuals who want to buy or refinance a home, but are unable to come up with the required 20% down payment.Private Mortgage Insurance Facts:PMI plays a valuable role in expanding home ownership.With PMI, families can purchase homes with as little as 3-to-5 percent down payment on a ho... : Private Mortgage Insurance
Housing Starts Climb to Nearly 21-Yr High
WASHINGTON (Reuters) - U.S. housing starts unexpectedly rose 4.7 percent last month to a nearly 21-year high as single-family housing starts shot up to a record, a Commerce Department report showed on Wednesday. Housing starts increased to a seasonally adjusted annual rate of 2.159 million units in January from an upwardly revised 2.063 million unit pace a month earlier, the government sa... : Housing Starts Climb to Nearly 21-Yr High
NEW YORK (Reuters) - New applications for U.S. home loans fell last week even as average 30-year mortgage rates decreased from the previous week, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted market index, a measure of mortgage activity, fell 0.8 percent to 703.9 for the week ended on Oct. 22, from the previous week's 709.9. Thirty-year mortgage rates, excluding fees, averaged 5.54 percent, ... : Mortgage Applications Off in Oct. 22 Week
Mortgage Applications Decreased Last Week
NEW YORK (Reuters) - Applications for U.S. home mortgages dropped last week as refinancing and purchasing activity slumped in a holiday shortened week, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity declined 10.6 percent to 605.7 in the week ended Dec. 31, after falling 1.7 ... : Mortgage Applications Decreased Last Week
When to Consider an Adjustable Rate Mortgage
An adjustable rate mortgage, or ARM, is different from a traditional fixed rate mortgage because the interest rate changes during the life of the loan in accordance with movements in the index rate. If you can take advantage of a low mortgage rate when applying for a mortgage, then a fixed rate mortgage might be the way to go. But there... : When to Consider an Adjustable Rate Mortgage
Mortgage delinquencies
Tuesday, February 01, 2005
Mortgage delinquencies down for conventional loans, but up in other categories
Mortgage delinquencies for conventional loans in 2003 dropped from the 2002 figures, according to the latest numbers available to mortgage bankers. Arthur Cox, director of the Real Estate Education Program at the University of Northern Iowa, says that it looks like the figures may have dropped again for 2004.
While he's not quite sure why this is happen... : Mortgage delinquencies
Greenspan: Curb Fannie, Freddie Growth
WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan on Wednesday urged Congress to curb the rapid growth of Fannie Mae and Freddie Mac, saying this was vital to cut the risks the mortgage finance giants pose to the U.S. financial system. In testimony prepared for delivery to the Senate Banking Committee, Greenspan said stiffer regulation alone was not enoug... : Greenspan: Curb Fannie, Freddie Growth