Mortgage lenders are seeking relief from Fannie Mae and Freddie Mac as the government-supported companies force them to buy back more soured debt, said John Courson, president of the industry’s largest trade group.
While his members “certainly understand” their contracts require repurchases of defaulted loans when items such as faulty appraisals, inflated borrower incomes or missing [...]
Posts Tagged ‘mortgage bankers association’s’
Mortgage Lenders Seek Relief From Forced Bad Debt Repurchases
May 27th, 2010 by Financial Writer
Tags: bank of america, borrowers, business, economy, economy recovery, fannie Mae, financial, mortgage bankers association's, mortgage lenders, stock market, us economy
more...U.S. mortgage demand up for third week as rates drop
January 20th, 2010 by Financial Writer
Demand for U.S. home loans rose last week for the third straight week as mortgage rates fell to a one-month low and stoked refinancing, an industry group said on Wednesday.
Borrowers are rushing to take advantage of low borrowing costs and other incentives while they last.
The Mortgage Bankers Association’s index of total home loan applications rose [...]
Tags: borrowers, mortgage bankers association's, mortgage rates, us home loans, us mortgage
Fatal error: Cannot redeclare pagenavi_textdomain() (previously declared in /home/moneywor/public_html/wp-content/themes/front-page/wp-pagenavi.php:34) in /home/moneywor/public_html/wp-content/themes/front-page/wp-pagenavi.php on line 35