2nd Mortgage Resources

30-year mortgages fall to lowest level in 6 weeks - BusinessWeek

Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dropped to 6.40 percent this week, down from 6 ...  ...

July saw record mortgages modified: HOPE NOW - Reuters

WASHINGTON (Reuters) - A record number of troubled home loans were steered away from foreclosure in July, an industry-led homeowner aid program said on Wednesday. HOPE NOW said that 192,000 borrowers were helped out of their current troubled home ...  ...

30-year mortgages fall to lowest level in 6 weeks - BusinessWeek

Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dropped to 6.40 percent this week, down from 6 ...  ...

Congress' tinkering might help on home front, but not a lot - St. Petersburg Times

When you hear the government wants to "rescue" the housing industry, it's time to hang garlic above the threshold. After all, the government's easy-money policy, combined with lax oversight of federally backed lenders, helped create the mess we're in ...  ...

House prices 'fall 10.5% in year' - BBC News

UK house prices have seen an annual double-digit fall for the first time since 1990, according to the latest survey from the Nationwide. Prices were 10.5% lower in August than they were a year ago. Prices fell by 1.9% compared with July. The average ...  ...

New fears over quality of Northern Rock mortgages - Daily Telegraph

New evidence that Northern Rock owns a poorer quality mortgage book than its peers has emerged just days after previously unseen documents revealed the Government was warned that the taxpayer could lose up to £1.28bn by nationalising the stricken ...  ...