The benchmark 10 year note yield is back below 3.00% and mortgage rates are at lifetime lows. Hello homeowners! Why isn’t everyone (who can qualify) jumping on the refi band wagon? With rates so low and home prices off 30% to 40%, why aren't consumers rushing to buy homes? If this was a normal...
Mortgage News Daily received an email this week from Pamela Norvell with an intriguing idea for, if not solving, at least lessening the foreclosure crisis. What we loved about it was its simplicity . Ms. Norvell said that she works with a real estate attorney in Florida, one of the three states most...
The Hope Now Alliance , a coalition of 25 of the largest mortgage servicers in the country, released a progress report on Monday on its operations to date. The Alliance came in to being last fall at the urging of Treasury Secretary Henry Paulson to expedite resolution of the growing number of mortgage...