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Updated with additional information on bank foreclosures. NEW YORK (TheStreet) -- Mortgage rates remained amazingly low for 2011, but that won't stop a coming wave of foreclosures in 2012. Mortgage rates finished near all-time historic lows in 2011. Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey. The 30-year fixed rate mortgage rate ended 2011 with an average .

New Rules On Mortgages To Stop Risky Lending

Posted by mortgage 156 days ago (Editorial)
Home buyers could face tougher borrowing conditions when applying for a mortgage under new plans to reform the lending market.
State regulators said Wednesday that they have ordered a large mortgage broker to stop making loans to Marylanders after federal investigators alleged the company had violated lending rules.
State regulators said Wednesday that they have ordered a large mortgage broker to stop making loans to Marylanders after federal investigators alleged the company had violated lending rules.

How to Stop the Drop in Home Values

Posted by mortgage 223 days ago (Editorial)
The only real solution to plummeting home values is to permanently reduce the mortgage debt hanging over America.
A Rochester woman evicted from her home and order to leave today has caught a break. A judge ordered a delay on the eviction and ordered the mortgage bank to court to explain themselves... ..
Several mortgage brokers in Singapore have received orders from two banks to stop providing home loans pegged to Swap Offer Rates (SORs), according to The Business Times.

Wells Fargo to stop making reverse mortgages

Posted by mortgage 341 days ago (Editorial)
Wells Fargo Home Mortgage said Thursday that it will no longer make so-called reverse mortgage loans, citing unpredictable home values and restrictions that make it difficult to determine if borrowers can afford homeowners' insurance and other financial obligations.

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