Fixed-Rate Mortgages Were Pricier Last Week (commercial real estate houston)
The interest rates on fixed rate mortgages (FRM) were
up during the week ended February 14 according to the results of Freddie
Mac’s Primary Mortgage Market Survey.
Freddie Mac vice president and chief economist commented on the
rates; “This week was relatively light on the number of economic data
releases, which painted a…
Foreclosure Freeze to Cover Nearly All Borrowers
A week ago six of the major mortgage servicers involved in the Hope
Now alliance announced that they would be offering a
pause in foreclosure proceedings to borrowers who
appeared able to enter into loan modification agreements. Now the
remaining 19 members of the alliance have agreed to adopt the same
guidelines in a program nicknamed Project Lifeline.
The expansion of the program was announced Tuesday
and…
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