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freddie mac: Mortgages Likely to Change Hands - 02/11/12 10:21 AM
“Who owns my mortgage?”
It’s a frequently asked question, and the reason is always the same: A change is needed. Someone is trying to refinance the mortgage, or is trying to save a house from foreclosure, among possible scenarios.
Finding the answer to this question has become extremely important to many homeowners, but especially those in financial trouble. The many programs designed to stem the record tide of foreclosures have different requirements, depending on where your mortgage ended up after you signed that huge stack of papers at settlement.
For example, if your mortgage is guaranteed … (0 comments)
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freddie mac: Mortgage Rates Reach Record Lows as Stock Market Losses Mount - 08/11/11 07:29 AM
Mortgage rates continued to move lower as investor concerns over the health of the U.S. economy increased, reports mortgage rate research website, ForTheBestRate.com. Interest rates advertised on the site have dropped to near their lowest point of 2011 for most products, with the 15 year fixed reaching historical record lows. On August 4, 15 year mortgage rates as low as 3.250% were posted (APR: 3.387%, Lender: Gateway Bank Mortgage).
Mortgage pricing has edged lower while US and global stock markets are seeing losses, including a drop in the Dow of more than 500 points on Thursday, August 4, the largest single … (1 comments)
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freddie mac: Home loan market future prediction - 05/03/11 07:10 AM
Uncle Sam is backing away from a big part of the home-loan business in a slow retreat that will ultimately make mortgages more expensive. The trade-off is that taxpayers won’t bear the cost — or not as much of it — if the housing market implodes again. It will take years to wind down Fannie Mae and Freddie Mac, the infamous failed mortgage giants now in conservatorship. But we’re already getting a taste of what life will be like without them.
For decades, Fannie and Freddie formed a vast, secondary market for mortgage loans by standardizing terms, then packaging loans into … (1 comments)
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freddie mac: Growing Number of Homeowners Becoming Landlords - 09/25/10 08:03 AM
A growing number of homeowners are finding out what it means to be a landlord after failing to sell their homes in today’s economy. With home prices down nationwide, many don’t want to take a huge loss when they decide to move. They want to wait to see whether they can rebuild their equity—so they rent.
“People just really don’t want to be landlords, and they really have no choice,” said Dennis Dickstein, a Realtor at Real Estate One in Farmington Hills, Mich., who estimates that 20% of his deals are leases.
Mark and Rhonda LaVelle decided to buy a bigger home … (2 comments)
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freddie mac: Fannie, Freddie in the Home-Selling Business - 09/21/10 10:16 AM
Fannie Mae and Freddie Mac repossessed more than 191,000 homes during the first six months of 2010, twice as many as a year earlier. The mortgage financiers must act carefully to avoid flooding the market with foreclosures, which tend to depress neighborhood home prices in the process. As an alternative, Fannie Mae has launched a pilot "lease-and-hold" program in which foreclosures are rented rather than sold; the move could pose challenges, however, as the firm takes on the new role of property manager. Source: The Wall Street Journal, Nick Timiraos (09/17/10)
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freddie mac: Looking Toward the Future – What’s Next for Housing Finance, Fannie Mae and Freddie Mac? - 09/03/10 05:00 PM
With the overhaul of financial regulation in the bag, the Obama administration will focus next on housing finance with an eye to deciding the fate of mortgage finance titans Fannie Mae and Freddie Mac.
The administration said in a statement that it would hold a Conference on the Future of Housing Finance at the Treasury Department on Aug. 17. It will seek input for legislation to reform the rules governing mortgage finance and the markets for bonds backed by U.S. mortgages.
The Bush administration placed Fannie Mae and Freddie Mac in government conservatorship in September 2008. Uncertainty about what to do … (0 comments)
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Christopher Pataki Hockessin Delaware Real Estate
Hockessin,
DE
More about me…
RE/MAX Associates
Address: 1302 Old Lancaster Pike, Hockessin, DE, 19707
Office Phone: (302) 234-3800
Cell Phone: (302) 562-0628
Email Me
Working with buyers and sellers to aid in financial decisions using real estate. I service the following areas - Hockessin, Wilmington, Newark, New Castle, Bear, Middletown, Townsend, Delaware City, Claymont and other areas of New Castle County Delaware
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