Record Low Mortgage Rates Lead to Jump in Refinance Activity ...

WASHINGTON, D.C. ? July 18, 2012 ? (RealEstateRama) ? Mortgage applications increased 16.9 percent from one week earlier, according to data from the Mortgage Bankers Association?s (MBA) Weekly Mortgage Applications Survey for the week ending July 13, 2012. The Market Composite Index, a measure of mortgage loan application volume, increased 16.9 percent on a seasonally [...]

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• Record Low Mortgage Rates Lead to Jump in Refinance Activity
  WASHINGTON, D.C. ? July 18, 2012 ? (RealEstateRama) ? Mortgage applications increased 16.9 percent from one week earlier, according to data from the Mortgage Bankers Association?s (MBA) Weekly Mortgage Applications Survey for the week ending July 13, 2012. The Market Composite Index, a measure of mortgage loan application volume, increased 16.9 percent on a seasonally [...]

• HUD ACCEPTING APPLICATIONS FOR ENTITIES TO PURCHASE TROUBLED MORTGAGES, OFFER CHANCE TO AVOID COSTLY FORECLOSURES AND STABILIZE NEIGHBORHOODS
  WASHINGTON, DC - July 18, 2012 - (RealEstateRama) -- Qualified entities interested in purchasing pools of severely distressed loans formerly insured by the Federal Housing Administration (FHA) can now submit applications for the Distressed Asset Stabilization Program, an expansion of an FHA disposition program that sells pools of defaulted mortgages headed for foreclosure and provides the opportunity for the purchaser and borrower to avoid a costly foreclosure. According to loan pool information released today, approximately 3,500 loans will be sold in four metropolitan areas that are among those hardest hit by the foreclosure crisis ? Chicago, IL; Newark, NJ; Phoenix, AZ; and Tampa, FL ? aligning with other neighborhood stabilization efforts to help those communities recover as quickly as possible. The program is part of the Obama Administration's broader strategy to encourage public/private partnerships to stabilize neighborhoods and home values in critical markets. Details on the Distressed Asset Stabilization Program can be found at www.hud.gov/fhaloansales.

• Inver Grove Heights Man Indicted in Mortgage Fraud Scam
  MINNEAPOLIS - July 16, 2012 - (RealEstateRama) -- A federal indictment recently unsealed charges an Inver Grove Heights man in connection with soliciting buyers to purchase properties at inflated prices in a multi-million-dollar mortgage fraud scheme. ...

• Biden Secures Reforms from National Mortgage Registry
  Wilmington, DE July 13, 2012 - (RealEstateRama) -- Delaware Attorney General Beau Biden announced today that the national shadow mortgage registry known as MERS, which was at the center of the housing crisis, has agreed to implement important reforms ...

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Source: http://states.realestaterama.com/2012/07/18/record-low-mortgage-rates-lead-to-jump-in-refinance-activity-ID020629.html

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