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Negative Equity Falling, but Still Exceeds $1 trillion

by devteam October 24th, 2014

The percentage of American homeowners a mortgage that was seriously underwater fell to 15 percent in the third quarter of 2014 RealtyTrac said on Thursday. There were 8.1 million properties with mortgages that met the company's definition of seriously

Freddie Mac Economists Prescribe L.I.F.T. for Economy

by devteam October 23rd, 2014

Frank E. Nothaft and Leonard Kiefer, Freddie Mac's chief and deputy chief economists have come up with a formula for lifting the economy from its continuing low-growth status to a trajectory of robust sustainable growth. And that's what they are calling

Best Week of Year for Refis; MBA sees Purchase Loan gains Next Year

by devteam October 22nd, 2014

Falling interest rate precipitated a major refinancing rally during the week ended October 17 even though Columbus Day shortened the business weeks in some locations. The Mortgage Bankers Association's (MBA's) Refinance Index jumped 23 percent compared

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