Freddie Mac Auctioning Delinquent Mortgage Loans

Delinquent mortgage loans worth $410-million will be auctioned off in three pools. According to DSNews.com’s article “Freddie Mac to Auction $410 Million Worth of Delinquent Mortgage Loans” (Jan. 24, 2015. http://dsnews.com/news/01-24-2015/freddie-mac-auction-410-million-worth-delinquent-mortgage-loans): The delinquent loans are scheduled to be auctioned off in three pools with unpaid principal balances of $160 million, $141 million, and $109 million, …

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Four refinance myths debunked

Interest rates have been at historically low levels for some time now and some borrowers have refinanced two or three times, but there are others who so far have allowed the opportunity to pass them by. I am not referring to borrowers who can’t possibly meet today’s standards. They haven’t refinanced because they can’t. My …

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Mortgage giants predicting growth in 2013 home sales

Economists at the Mortgage Bankers Association and mortgage giants Fannie Mae and Freddie Mac are predicting that growth in housing sales and price stability will boost demand for purchase mortgages next year. The Mortgage Bankers Association expects purchase loan originations to grow by 16 percent next year, to $585 billion from an estimated $503 billion …

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