Fed Considering Slowing Bad Credit Mortgage Securities
Bad credit mortgage loans have not disappeared. A recent report indicated that poor performing mortgage securities were still a concern and the loan modification craze certainly has not helped the subprime mortgage or FHA loan market. The Federal Reserve will probably slow its rate of mortgage-backed securities purchases this year to make room for private [...]
Jumbo Mortgage Problems Hurting High End Home Sales
The limited availability and high cost of jumbo mortgage products not backed by the government is taking a toll on sales of high-priced homes, a trend that’s rippling through housing markets and the economy, according to a new research report by the National Association of Realtors. The mortgage lending report floats the idea of temporarily [...]
Subprime Loans and Delinquencies Rise as Foreclosures Loom
With new subprime originations all but extinct, subprime mortgage lenders continue to focus their efforts on helping troubled borrowers. Delinquencies and loan modifications increased again while foreclosure actions stalled in the fourth quarter of 2008. The volume of bad credit mortgage loans continues to drop but the demand for bad credit mortgages continues to rise. [...]