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From the category archives:

Financing and Mortgage

Mortgage Rates for 30- and 15-Year Rise

by Danny GibsonApril 16, 2008

The mortgage industry received yet another bad news when rates for the 15- and 30-year mortgages rose to 5.42% and 5.88% respectively, for the week ending last April 3. Considering the problems in the housing market, the increase in the mortgage rates is a severe blow especially for buyers who are already having a hard time getting approved for financing.

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Fed Indicts Mortgage Fraud Perpetrators

by Robert ShultzMarch 28, 2008

In Sacramento, Federal prosecutors have discovered mortgage fraud activities that have resulted to 100 homeowners losing almost $13M in equity. The said scheme is being conducted by a group of locals led by Charles Head.

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White House: Helping Buyers by Simplifying Loan Process

by Anthony ParkerMarch 17, 2008

The White House is set to unveil a new proposal that will provide potential home buyers with basic mortgage terms information and savings in closing costs that amounts to $700.

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MFA Mortgage Hopes to Sell Assets to Improve Leverage

by Anthony ParkerMarch 13, 2008

In order to reduce their debt-to-equity leverage, MFA Mortgage Investments Inc is planning to sell assets. The decision comes in the wake of the current financial crisis in the credit industry.

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