Topic: Home Financing

Luxury home broker to jet clients in to tour valley foreclosure stockInstead of organizing investor bus tours of foreclosed homes, Las Vegas luxury home broker Ken Lowman has lined up a private jet to fly potential buyers to Las Vegas. LowmanÕs company, ...

Summary Box: Rates on 30-year mortgages hit 4.93 pct., lowest level in 2010BIG DIP: Mortgage rates fell this week to the lowest level of the year, dipping to an average of 4.93 percent for 30-year fixed rate home loans.MARKET TURMOIL: Fears about ...

Rates on 30-year mortgages hit 4.93 pct., lowest 2010 level as European turmoil shakes marketsMortgage rates fell this week to the lowest level of the year, as rates fell on U.S. government securities. Fixed mortgage rates closely track interest rates paid on ...

CHICAGO (Reuters) - America's financial crisis disproportionately cut access to conventional mortgage loans for minority communities compared to predominantly white neighborhoods, according to a study released on Thursday.Reckless subprime mortgage lending during the recent economic boom sparked the worst housing crisis and ...

NEW YORK (Reuters) - U.S. mortgage applications rose last week, reflecting a jump in demand for home refinancing loans as interest rates reached their lowest level since mid-March, data from an industry group showed on Wednesday.Demand for loans to purchase a home, ...

Freddie Mac says average rates for 30-year mortgages at lowest level in 6 weeksRates for 30-year fixed mortgages have fallen to their lowest level in six weeks, Freddie Mac said Thursday.The average rate for 30-year fixed-rate mortgages was 5 percent this week, ...

NEW YORK (Reuters) - Demand for loans to buy U.S. homes raced to a seven-month high last week in the last hurrah for federal homebuyer tax credits that ended April 30, Mortgage Bankers Association (MBA) data showed on Wednesday.Home purchase loan applications ...

<div id="subtitle">Fannie Mae tightens standards for adjustable-rate, interest-only loans</div><div><p>Battered by a tidal wave of loan defaults, mortgage finance company Fannie Mae is tightening standards for the adjustable-rate and interest-only loans that fed the housing boom and contributed to the bust.</p><p>The company said ...

<div id="subtitle">Rates on 30-year mortgages edge lower from last week, still above 5 pct</div><div><p>Average rates for 30-year fixed mortgages slipped this week, but stayed above 5 percent for the fifth straight week, Freddie Mac said Thursday.</p><p>The average rate for 30-year fixed-rate mortgages ...

Check out this mortgage servicing stockEarlier this month in DailyWealth, I predicted hundreds of banks would soon fail. I suggested the best way to profit from this "plague" of bank failures would be to buy stock in the neighboring banks that assume ...