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Mortgage News Headlines- Mortgage Market Needs ChangesA leading analyst sees many changes needed in the mortgage market. One of those changes is higher interest rates.Meredith Whitney, founder and chief executive officer of Meredith Whitney Advisory Group noted that the Federal Reserve is evenly divided between raising rates and not raising rates.But low rates haven't done much for the mortgage market beca […]
- GSE Execs Rack Up Tens of Millions in Legal ExpensesAn inspector general report examined legal fees being paid on behalf of former senior executives of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. One way that the two government-controlled enterprises can cut back on legal expenses is to stay all litigation until they are out of conservatorship since neither will ever be […]
- HUD Clarifies HAMP Credits Toward SettlementWhile some principal reduction on mortgages with government loan modifications can be credited towards the recent mortgage servicer settlement, the vast majority of loans modified under the federal program won't be eligible.The Department of Housing and Urban Development says that incentives paid to servicers under the Home Affordable Modification Progr […]
- Mortgage Market Needs Changes
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Wednesday, February 22, 3:19 pm
