U.s. Mortgage Collectors Gag Homeowners In Loan Deals | Reuters

Mortgage Interest Rates Control Home Affordability | Tallahassee.com Community Blogs





Servicers have done an additional 5.6 million modifications in-house. Companies like Ocwen say that modifying mortgages is cheaper than foreclosing. Servicers modify mortgages through some combination of changing monthly payments or interest rates, lengthening the terms of loans, and changing the principal owed, either by forgiving some of the loan or by adding on penalties and fees to make it bigger. For the original version including any supplementary images or video, visit http://www.reuters.com/article/2014/05/21/us-banks-mortgages-insight-idUSBREA4K03U20140521







Fannie Mae, Freddie Mac: Bove Takes Shot At Watt





This rate is barely above the 50 year average mortgage interest rate, and that means the relocatingfamily who now can afford payments on a $250,000 mortgage would only be able to swing one at $156,000! Is it unrealistic to expect interest rates to return to normal sometime in the near future? LuxuryHome Buyer I have read that high end buyers around the Country are paying cash, but my measurements in Tallahassee tell a different story. Roughly 70% of all homes sold for more than $500,000 are financed, and that means jumbo mortgage interest rates are critical (I have used the same rates as above, though current jumbo rates appear to be slightly lower than conventional rates). For the original version including any supplementary images or video, visit http://blogs.tallahassee.com/community/2014/05/23/mortgage-interest-rates-control-home-affordability/









Banks having difficulty in mortgage origination: Fannie Mae, Freddie Mac Bove notes that mortgage lending isnt profitable for three of the four largest banks, citing JPMorgan Chase & Co. ( NYSE:JPM ), Citibank and Bank of America Corp ( NYSE:BAC ), which have lost over $100 million per year making mortgages. But its not just big banks having difficulty. For the original version including any supplementary images or video, visit http://www.valuewalk.com/2014/05/fannie-mae-freddie-mac-bove-takes-shot-at-watt/