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Mortgage News Headlines- Refis Strengthen Again as Rates PlummetIt was the third week in a row that inquiries for refinances were higher as mortgage rates continued to descend to depths not seen before. All signs point to even lower mortgage rates in next week's report. But at least one category that did not participate in the rally was purchase financing. A 4 percent increase was recorded from the prior week for th […]
- Freddie Sued by Its Biggest Mortgage InsurerA lawsuit has been filed against the Federal Home Loan Mortgage Corp. and its conservator-regulator by the secondary lender's biggest mortgage insurance counterparty. At issue is the interpretation of the maximum coverage for a pool of loans.The lawsuit was filed in U.S. District Court for the Eastern District of Wisconsin.In addition to Freddie Mac, th […]
- MGIC Loosens Restricted Markets RequirementsCredit and debt-to-income ratio requirements have been eased in the country's most struggling real estate markets by Mortgage Guaranty Insurance Corp. The move is a result of market improvement.Current guidelines require a minimum credit score of 720 in markets where restricted underwriting guidelines are in place.The limitation applies to loans up to $ […]
- Refis Strengthen Again as Rates Plummet
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Sunday, May 20, 10:15 pm
