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News Headlines - mortgage sales

National Mortgage Professional Magazine

Home Sales and Values Up, Mortgage Rates Down
National Mortgage Professional Magazine
First, the good news: Sales of new single-family houses during February were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

and more »

Mortgage Math and Sympathetic Sales - Bloomberg View
We talked on Friday about Goldman Sachs Group Inc.'s consumer mortgage relief program, which is complicated by the fact that Goldman doesn't have a ...

and more »

Mortgage Rates Thursday, March 23: Slight Drop; Existing-Home Sales Slow
NerdWallet (blog)
NerdWallet daily mortgage rates are an average of the published annual percentage rate with the lowest points for each loan term offered by a sampling of major national lenders. APR quotes reflect an interest rate plus points, fees and other expenses, ...

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After rising, US mortgage rates reverse course
Dayton Business Journal
Favorable mortgage rates have been driving U.S. home sales, along with the refinance market. “The 10-year Treasury yield fell about 10 basis points this week,” said Sean Becketti, chief economist at Freddie Mac. “The 30-year mortgage rate moved with ...

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What You NEED To Know About Home Short Sales in Morris & Sussex County
A short sale requires the mortgage lender's approval because they need to verify that the homeowner can't continue to pay the mortgage and determine if a short sale is better for their balance sheet than foreclosing on the property. A lender might ...

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Two plead guilty in mortgage fraud scheme | Merrimack Valley ...
BOSTON – A Methuen attorney and a Methuen loan officer pleaded guilty Friday in connection with a sweeping conspiracy to defraud banks and mortgage ...

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Daily Reckoning

The Panic Is On - First Effects Showing Up
Daily Reckoning
Buyers are panicking because of rapidly inflating new home sale prices. They are panicking in particular because of the fear that mortgage rates will resume moving higher. Higher prices and higher mortgage rates causes monthly payments to inflate.

North Bay Business Journal

Sonoma, Solano, Napa, Marin home sales dip in February weather-related?
North Bay Business Journal
Declining affordability and increasing mortgage rates, and maybe even a wetter winter, could be behind a “modest” decline in February home sales throughout San Francisco Bay region including the North Bay counties of Marin, Napa, Solano and Sonoma ...


Top Fed official likens Wells Fargo fraud to mortgage crisis
The notorious sales goals at the heart of the Wells Fargo scandal bear similarities with the flawed compensation systems that fueled the mortgage crisis, a top Federal Reserve official said. The "widespread fraud" at Wells Fargo shows the "powerful ...

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HSBC continues cutting U.S. mortgage business with $4.9B loan ...
HSBC's reduction of its U.S. mortgage business, which began way back in 2008, took another big step forward recently, as the company announced recently that ...

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