Mortgage Broker News

The Latest News and Developments For
Mortgage Lending

Mortgage Lender's Latest Breaking News

• MORTGAGES / Rates over 5% San Francisco Chronicle - Feb 28 12:33 AM Rates for 30-year home loans rose above 5 percent for the first time in three weeks. The average rate on a fixed mortgage was 5.05 percent this week, up from 4.93 percent last week, Freddie Mac said Thursday....
  
  
• Some retirees use reverse mortgages to pay for affluent lifestyle Everett Herald - Feb 28 12:19 AM What many people have now house, lifestyle, neighborhood, friends, church, club is exactly what theyd like to keep. Unfortunately many older folks simply dont know how or where to look to find the funds that would allow them to do so.
  
  
• Ocwen Financial President Ron Faris: Trying to make mortgages work The Palm Beach Post - Feb 26 5:19 PM Ocwen Financial President Ron Faris: Trying to make mortgages work
  
  
• Couple just second in Knox to pay off Habitat mortgages Knoxville News Sentinel - Feb 26 7:31 PM
  
  
  
• Freddie Mac To Stop Buying Interest-Only Mortgages Banker & Tradesman - Feb 26 7:41 AM Beginning September 1, Freddie Mac will cease purchasing and securitizing interest only mortgages, including Freddie Mac Initial Interest fixed-rate and adjustable-rate mortgages.
  
  

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