Did you know that today’s mortgage rates, which have been between 5 and 5.5 percent, are generationally low.
View full post on Research Commentary from REALTOR.org.
Did You Know: Interest Rates and Yearly Payments
March 14th, 2010 
USDA Rural Housing Funds to Run Dry by April. Lenders Already Dropping the Program
March 14th, 2010 Posted To: MND NewsWire
USDA Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities. There is no required down payment. The lender must determine repayment feasibility, using ratios of repayment (gross) income to PITI and to total family debt. John Rodgers called my attention to the following bulletin released by the USDA: This message is to notify you that program funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by the end of April, 2010 . Once funding is exhausted, the Agency will not issue Conditional Commitments “subject to receipt of appropriated funds. ” This…(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
View full post on Mortgage News Daily
FHA Delinquency Down, Purchase Apps Up
March 14th, 2010 During February, FHA delinquency of at least 90 days fell 20 basis points from January.
The housing agency began publishing monthly delinquency around September 2009, and this was the first time since then that delinquency declined.
Purchase applications jumped to 37 percent in February from a month earlier.
View full post on MortgageDaily.com – Mortgage News Headlines
Foreclosures leveling off
March 14th, 2010 The national foreclosure rate fell 2% in February from a month earlier, according to an industry report released Thursday, the latest sign that the pace of foreclosures is slowing.
View full post on Home mortgage rates and real estate news – CNNMoney.com
FDIC Extends Safe Harbor Policy on Securitizations
March 14th, 2010 The Federal Deposit Insurance Corp. has extended its “safe harbor” policy for six months while its board continues to work toward the adoption of new securitization standards.
View full post on National Mortgage News Headlines
