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Mortgage News

Mortgage rates down - 3rd straight week (CNN Money)

Mortgage rates fell for the third week in a row amid reports of record-high job losses, weak retail sales and a home-construction market in a deep slump.

UK mortgage lending down 44 pct from a year ago (AP via Yahoo! News)

Mortgage lending in Britain was down 44 percent in October compared to a year ago, further evidence the economic downturn is hurting an already weak property market, the Council of Mortgage Lenders said Thursday.

Mortgage Rates, Demand Continue Decline (Fox News)

Mortgage rates and demand slipped in the last two weeks amid continued economic and financial tumult.

Commercial mortgage delinquencies to double in 2009, Fitch says (Market Watch)

SAN FRANCISCO (MarketWatch) - Commercial mortgage delinquencies will double next year amid a recession and rising unemployment, Fitch Ratings said on Thursday.

For-profit mortgage modification: Rescue of rip off? (CNNMoney.com via Yahoo! Finance)

If mortgage lending was the Wild West during the boom years, foreclosure-prevention counseling is the lucrative new frontier of the bust.

Mortgages: Mortgage rates drop again: Freddie Mac (Market Watch)

Mortgage rates fell this week, reflecting continued concerns about a slowing economy, Freddie Macâ€™s chief economist said on Thursday.

Mortgage rates drop for third week (AP via Yahoo! Finance)

Mortgage rates dropped for a third straight week, reflecting the impact the weakening economy is having on financial markets.