Monthly Archives: November 2011

Holiday Mortgage News. More of the Same

Rates continue to hover near historic lows The short holiday week saw little change in mortgage rates. According to Mortgage News Daily, the Best-Execution Rates for Friday, November 25th ranged from 3.875% (“very few”) to 4.125% (“some”), with most seen … Continue reading

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Time to Be Thankful For Housing Market News?

Recent forecasts predict better times ahead in 2012 Although small, a slight uptick in the housing market next year is predicted. A survey by MacroMarkets of more than 100 economists and industry experts shows they expect home values to go … Continue reading

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The Battle Over Principal Reduction Rages On

States, including NY and CA, push to include assistance for underwater loans The latest settlement proposal between the states’ coalition and five major banks after 11 months of talks includes financing support for underwater loans, including refinancing, principal write downs … Continue reading

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Obama Announces Expanded HARP Program

Two years later after its debut, how has the Home Affordable Refinance Program changed? Last month, President Obama announced that the Home Affordable Refinance Program (HARP) was being revised and expanded. HARP was introduced in 2009 as a measure intended, … Continue reading

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