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July 30th, 2009

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FHA Borrowers Now Eligible for Loan Modification Programs

Department of Housing and Urban Development (HUD) Secretary Shaun Donovan released new guidelines on Thursday for FHA's Affordable Modification Program to bring it into compliance with The Helping Families Save Their Homes Act of 2009 signed by President Obama in May. ...(read more)

Written by Jann Swanson on July 30th, 2009 with no comments.
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GSE’s Say Mortgage Rates Rose Last Week

Mortgages rates rose across the board during the most recent week according to data released by both Fannie Mae and Freddie Mac. Freddie Mac's vice president says that bond Rates and more rosy economic news helped to fuel the increases. ...(read more)

Written by Jann Swanson on July 30th, 2009 with no comments.
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