MCLEAN, Va., May 17, 2012 / PRNewswire / — Freddie Mac ( FMCC.OB ) today released the results of its Primary Mortgage Market Survey (PMMS ), showing average fixed mortgage rates again hitting new record lows. The 30-year fixed-rate mortgage at 3.79 percent continues to remain well below 4 percent and 15-year fixed-rate mortgages are [...] Read more »
Mortgage Market Freezes Up As Santander Scales Back On Lending
Santander (Madrid: SAN.MC – news ) ‘s retreat from lending is pushing the mortgage market into crisis.A mortgage drought is pushing Britain’s housing market deep into crisis, driven by one major bank, Santander, significantly reducing its lending to home buyers.It is estimated that the Spanish bank’s share of lending through brokers has dropped from 25pc [...] Read more »
ADB Report Recommends Mortgage Insurance For Thailand
Alan Taylor, the ADB consultant who prepared the report as part of this country’s Capital Market Development Phase III said that mortgage insurance will improve standards of mortgage origination and arrears management and provide banks with an additional tool for managing their home loan exposures.”Both these points will help reduce the systemic risk from home [...] Read more »
Gateway Mortgage Group Enters Omaha, Neb. With Establishment Of New Branch
TULSA, Okla.–(BUSINESS WIRE)– Gateway Mortgage Group , a privately held mortgage company providing conventional, FHA and VA loans through 50 retail branches nationwide, has acquired its largest branch and entered the Omaha market with its newest location at 12020 Shamrock Plaza, Omaha, Neb. Mortgage industry veteran, Kent Geschwender will lead the newly acquired branch and [...] Read more »
30-Year Fixed Mortgage Rate Hits New Record Low For Second Consecutive Week; Current Rate Is 3.59%, According To …
SEATTLE, May 15, 2012 (GLOBE NEWSWIRE) — The 30-year fixed mortgage rate on Zillow (R) Mortgage Marketplace is currently 3.59 percent, down six basis points from 3.65 percent at this same time last week. This represents the lowest rate reported since Zillow Mortgage Marketplace launched in April 2008 and the first time rates have dropped [...] Read more »