Daily Mortgage News FHA has even more defaults in the last month. 22% Increase since last January to be exact. This is a bad sign that our ecenomoy is still not turning around as we would like and what we have to do is keep trying, if you can pay your mortgage pay it. FHA actually insures lenders [Read More]

Daily Mortgage News The employees of AIG have decided that they will give back their bonuses this year. Aig is expecting back $80 Million which is actually only 1/2 of the $165 Million they actually handed out. A lot of AIG's executives have actually already given back the bonuses. I thin [Read More]

Daily Mortgage News Countrywide is being sued by AIG! They are being sued for misrepresenting the quality of their loans. They had many loans with fake credit scores, missing paperwork and Countrywide didn't even follow their own guidelines for underwriting that were insured by AIG. Countrywid [Read More]

Daily Mortgage News The government is trying to help get us out of this hole but if they agree to refinance us, you into a better lower payment and rate then WHY are people still not paying their mortgage??? Right now FHA has a big number of borrowers and i mean BIG that haven't even made thei [Read More]

Daily Mortgage News Fannie Mae is dishing out some VERY big bonuses this year to their "key executives" to keep them. They are giving out more then half of what they gave out last year. Freddie Mac is also planning on giving out some bonuses but they haven't released any information [Read More]

Daily Mortgage News Fannie Mae is reporting that refinances almost TRIPLED in Febuary sin January! It should actually keep increasing because of President Obama's plan. Refinancing people into lower interest rates will help us try and prevent future foreclosures because homes will be more affo [Read More]

Daily Mortgage News For all those homebuyers that are "waiting" for the market to get worse and prices to drop, it's time to step up and buy because the prices just might not drop much more! Housing starts have risen above expectations. We are seeing a 22.2% monthly increase. Buildin [Read More]

Daily Mortgage News As long as political leaders continue helping and don't witdraw support for the plans made to stabilize our economy we should be out of recession by the end of this year! Bernake, who is the Federal Reserve Chairman, is just hoping that we can count on political help & [Read More]

Daily Mortgage News Freddie Mac, which was taken over by the government in September, is assigning a new CEO. John Koskinen. John was a non executive chariman with Freddie Mac since Freddie Mac was taken over by the government. I hope John can do his job better then previous CEO David Moffett did. [Read More]

Daily Mortgage News More people are steeping out their to buy homes. Mortgage applications jumped up by 11.3%.  Rates were better then they have been and borrowers were locking their rates in. All together March so far has been a better month then Febuary in the mortgage market. People a [Read More]