Pa.’s Mortgage Delinquencies Rise In Second Quarter (WJAC 6 Johnstown)
Delinquency rates on residential mortgages rose in Pennsylvania in the second quarter. The Mortgage Bankers Association said it’s propelled by a sharp increase in late payments by homeowners with spotty credit histories.
Mortgage applications rise as rates tumble (USA Today)
Mortgage applications rose for a second week as interest rates on home loans tumbled to their lowest since May, an industry group said Wednesday.
China likely to raise second-home mortgage down payment to 40 pct … - Forbes
China likely to raise second-home mortgage down payment to 40 pct …Forbes, NY - 1 hour agoBEIJING (XFN-ASIA) - China's central bank is likely to ask commercial banks to raise the mortgage down payment on a second home to at least 40 pct, …
Fed notes high-cost mortgage disparity - Houston Chronicle
Fed notes high-cost mortgage disparityHouston Chronicle, United States - 26 minutes ago… mortgage with a cost of 3 percentage points over a corresponding Treasury note or bond of similar maturity and five percentage points on a second lien. …
Fannie, Freddie can help stabilize mortgage market as ‘bad actors’ drop out, Fannie CEO says (AP via Yahoo! Finance)
Several years after multibillion-dollar accounting scandals tarnished reputations at Fannie Mae and Freddie Mac, the mortgage giants are regaining market dominance amid an ailing housing market.