Monthly Archives: December 2011

From the Los Angeles Times – E. Scott Reckard: Lenders were offering 30-year fixed-rate mortgages to solid borrowers at an average of 3.95% this week, according to Freddie Mac, the ninth consecutive week of rates at or below 4%. Click here … Continue reading →

From the San Francisco Chronicle: That’s how many homes will be repossessed by banks or sold at distressed prices by 2016, according to Oliver Chang, a Morgan Stanley analyst in San Francisco. The dismal environment has prompted Fannie Mae and Freddie Mac to rethink … Continue reading →

From CNNMoney: For the second year in a row, the Federal Housing Administration is extending a temporary waiver of its “anti-flipping” rule, meaning homebuyers relying on FHA-insured financing will continue to be able to buy homes that have changed hands … Continue reading →

From CNNMoney – Les Christie:  Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they’re willing to put up a fight. Click here for full article.

From THE  WALL STREET JOURNAL– Brent Kendall:  The Justice Department faces the daunting task of tracking down more than 210,000 alleged victims and determining how to compensate them, following last week’s $335 million fair-lending settlement with Bank of America Corp.’s Countrywide unit. … Continue reading →