Mortgage Servicers Encouraged To Help Homeowners

The six big agencies that regulate most of the nation's banking system
issued "guidance" Tuesday encouraging mortgage servicers
to work with borrowers to mitigate
loan losses and keep families in their homes where "possible and
appropriate." Servicers were encouraged by the regulatory agencies to…
Read More Now http://www.mortgagenewsdaily.com/962007_Mortgage_Servicing.asp

Long Term Mortgage Rates Continue To Fall

"Interest rates on conforming long-term fixed-rate mortgages declined
slightly, while rates on one-year adjustable rate mortgages increased by
about a quarter of a percent," said Frank Nothaft,
Freddie Mac vice president and chief economist. "The increase in ARM
rates is consistent with… http://www.mortgagenewsdaily.com/952007_Mortgage_Rates.asp

Home Price Appreciation Slowing But Has Not Stopped

The OFHEO House Price Index (HPI) usually doesn't get
too much attention (except here where we regard it as the best, or at
least the most interesting of the periodic housing indicators) but this
time around people began anticipating it days before it was actually
issued and there was speculation that it would be the harbinger of really
bad news to come.

The Index, however, did not show a nationwide drop in housing prices
as had been expected, just the smallest increase in many years.
http://www.mortgagenewsdaily.com/8312007_Home_Prices.asp

WaMu Exiting Warehouse Biz

Washington Mutual, Seattle, one of the largest warehouse financiers in the residential mortgage industry, is exiting that business, MortgageWire has learned. read more at National Mortgages.com10,000 AHM Borrowers Face Escrow Defaults

10,000 AHM Borrowers Face Escrow Defaults

Bankrupt American Home Mortgage Investment Corp. is withholding loan files on nearly $1 billion in mortgages, including escrow account records. But it doesn't have access to the escrow funds and reportedly stopped making disbursements last month.
read more at mortgage daily

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