Fannie, Freddie Raise Loan Limits
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Fannie Mae and Freddie Mac will raise by 7.8 percent the limit on the size of single-family-home mortgages they will purchase, increasing the pool of home buyers who will qualify for lower-cost financing.
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New applications for US home loans rose last week to their highest level in four months even though mortgage rates ticked upward from their recent lows, an industry group said on Wednesday.
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Mortgage rates around the country crept up this week, although 30-year mortgages still were below the 6 percent level for a fourth straight week, Freddie Mac reported Thursday.
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The mortgage finance companies can buy $20 billion more in subprime mortgages under rules unveiled today to help a market crippled by tighter lending standards.
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Banks are starting to offer loans, but the rates put them beyond most people's reach.
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More than $1 trillion in U.S. home mortgages have interest rates that will adjust up sharply next year, which could squeeze some owners out of their most important investment.
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Demand for new home loans and refinancings jump as interest rates slide amid weak economic reports. NEW YORK  - New applications for US home loans rose last week while refinancings surged, as 30-year mortgage interest rates fell to their lowest ...
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At a Senate Banking Committee hearing yesterday, legislators and consumer advocates prodded federal banking regulators to move more quickly to put restrictions on non-traditional mortgage lending, because, they said, the new kinds of mortgages may place borrowers and lenders at financial risk.
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Mortgage applications rose last week to the highest level in four months, according to a private survey. The survey, the Mortgage Bankers Association&#39;s gauge of loan applications, increased 7.7 percent to
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Mortgage rates extended their climb  for the fifth straight week, skyrocketing to highs not seen in  nearly a year, according to a weekly survey released by finance  company Freddie Mac  on Thursday.
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New applications for U.S. home  mortgages increased last week, as purchase activity rose amid  lower mortgage rates, an industry group said on Wednesday.
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A federal regulator yesterday adjusted restraints on Fannie Mae and Freddie Mac, saying the changes will allow the government-sponsored mortgage-funding companies to buy more subprime loans and help borrowers avoid foreclosure.
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The U.S. Federal Reserve on  Wednesday raised interest rates for a sixth straight time,  extending a policy of gradually lifting borrowing costs to  levels high enough to ward off inflation pressures.
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Interest rates on US 30-year and 15-year mortgages rose in the latest week as an improving economy stoked fears of inflation, mortgage finance company Freddie Mac said on Thursday.
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U.S. mortgage applications rose last week, with both new purchases and refinancings driven up by the lowest long-term home loan rates since early December, an industry trade group said on Wednesday.
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In another indication of increasing consumer debt, a new federal report has found that the percentage of borrowers who turned to high-cost loans to buy or refinance their houses rose last year.
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Federal regulators on Tuesday allowed US mortgage finance giants Fannie Mae and Freddie Mac to buy larger individual mortgages next year following a jump in home prices