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Mortgage rates fell this week -- and should level off -- after the Fed stopped pushing rates up
When should you lock in your interest rate? The Daily Mortgage Commentary keeps you up-to-date on the financial conditions driving mortgage rate changes.
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AP IMPACT: Under pressure, US eased lending rules
By MATT APUZZO
Posted on: Dec 01, 11:53 AM

Wolters Kluwer Financial Services Begins Development of Hope for Homeownership Solutions
In response to federal regulators encouraging lenders and servicers to participate in the Federal Housing Administration's (FHA's) HOPE for Homeowners program (H4H), Wolters Kluwer Financial Services announced today it has begun to develop a comprehensive suite of solutions to help financial institutions comply with the program's requirements.
Posted on: Dec 01, 11:14 AM

Turn-Key Mortgage Modification Solution Announced By National Law Firm McGlinchey Stafford PLLC
Today the national law firm McGlinchey Stafford PLLC announced a solution to make mortgage loan modifications efficient and seamless for any financial institution facing the prospect of large-scale processing demands. The firm's Mortgage Loan-Modification Package streamlines the process, at a low, per-unit fixed cost. The Mortgage Loan Modification Package is based on forms appropriate for virtually every possible combination of modification terms. The turn-key solution is backed by extensive research on the multitude of legal issues implicated in the process, culminating in complete and rapid document preparation and processing.
Posted on: Dec 01, 08:39 AM

General Growth Properties gets loan reprieve
CHICAGO - General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders.
Posted on: Dec 01, 07:20 AM