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FHA Borrowers Now Eligible for Loan Modification Programs

by devteam July 30th, 2009

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. rnrn

GSE’s Say Mortgage Rates Rose Last Week

by devteam July 30th, 2009

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.rnrnrn

Mid-Day Recap: Market Rally Resumes as Nasdaq Crosses 2,000

by devteam July 30th, 2009

After a two-day pause on Tuesday and Wednesday, markets are continuing the rally that began three weeks ago. Midway through Thursday, markets are up close to 2%, with the Nasdaq crossing the 2,000 mark for the first time since October.

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