The first mortgage default rate was 0.93% in September 2014, according to the latest S&P/Experian Consumer Credit Default Indices. It rose by 2 basis points from August when it was 0.91%. Despite its increase for a second month in a
The average mortgage rates are hitting new low levels for 2014. This is revealed by the data in the Primary Mortgage Market Survey which is produced by Freddie Mac. The average interest rate on a 30-year fixed-rate mortgage reached 3.92%
The CEO of Fannie Mae, Timothy Mayopoulos, said that the company is working in close cooperation with the Federal Housing Finance Agency to offer mortgages with loan-to-value ratio of 97% to the lenders that use its services. He made this
The foreclosure filings on properties in the United States reached 317,171 in the third quarter of 2014, according to the quarterly Foreclosure Market Report of RealtyTrac. The filings made by mortgage borrowers include default notices, scheduled auctions and bank repossessions.
In his speech at the Mortgage Bankers Association Convention & Expo, the director of the Federal Housing Finance Agency, Mel Watt, presented the measures which FHFA, Freddie Mac and Fannie Mae plan to adopt in order to improve mortgage credit
The downward trend in mortgage rates continues according to the Primary Mortgage Survey of Freddie Mac for the week ending October 16th. The average interest rate on a 30-year fixed-rate mortgage reached 3.97%. It declined from 4.12% during the previous
Mortgage lenders reported a median increase of 29% in their regulatory compliance spending. This is revealed by the Mortgage Lender Sentiment Survey for the third quarter of 2014 conducted by Fannie Mae in August of this year. The survey was
Mortgage applications in the United States rose by 5.6% in the week ended October 10th from the previous week while the average interest rate for a 30-year fixed mortgage dropped to its lowest level since June 2013. This is revealed
The largest mortgage lender in the United States, Wells Fargo, reported an increase of $1 billion in its mortgage originations in the third quarter of 2014 compared to the second quarter. In the third quarter, mortgage originations were $48 billion
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