Both Fannie Mae and Freddie Mac have had their stocks delisted by the NYSE. Both stocks have traded below $1 per share on average for the last 30 days, so the news was expected. Still, the news does not help anyone who still holds the stock. Both stocks will trade on the Over-the-Counter’s “Bulletin...

Mortgage markets improved last week on tame inflation data, a benign statement from the Federal Reserve, and ongoing credit problems in Greece. The factors combined to drop conforming mortgage rates to their lowest levels in 6 weeks. It’s an unexpected development considering that mortgage rates...

Foreclosure filings rose close to 20 percent nationwide last month versus February, according to foreclosure-tracking firm RealtyTrac.com, and for the 13th straight month, total filings topped 300,000. In addition, bank repossessions reached an all-time, quarterly record. Through the first three months...

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Three Quick Tips from Kiplinger.com on how to save $$$$ in March!!

Zillow reports the decline in home values have started to bottom out. Related articles by Zemanta Goin’ broke (just slower than before): Zillow.com, the real estate news and… (sf.curbed.com) US house prices fall 12pc in the second quarter (telegraph.co.uk) Sites that get your home ready...

At least one thing is back to normal in the mortgage markets — it’s no longer cheaper to go with a fixed rate mortgage than an ARM. As reported by Freddie Mac, a conforming 5-year ARM is priced a half-percent lower than a comparable 30-year fixed. Earlier this year, the pricing was reversed. It’s...

Both mortgage guidelines and the economy have tightened since 2006, bringing more attention to “joint homeowners” — non-spousal partners that buy and share a home as roommates. The practice is not new, but, anecdotally, co-purchasing is becoming more common. In the video above —...

With Mortgage Rates at historic lows and a Plethora of REO and Bank Owned homes, now there is no better time to buy a Second Home!