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Credit Union Mortgage Association offers rate-resetting mortgage called Harmony Loan. Tm
FAIRFAX, VA - January 10, 2011 - (RealEstateRama) -- Credit Union Mortgage Association (CUMA) today announced an innovative residential mortgage product that allows the consumer to initiate the change in their interest rate mortgage
Register for MBA’s State of Real Estate Finance Industry Media Conference Call
WASHINGTON, D.C. - January 7, 2011 - (RealEstateRama)
WHAT: The Mortgage Bankers Association (MBA) Annual State of the Real Estate Finance Industry Media Conference Call.Among the issues MBA representatives will discuss are the state of the industry, MBA's legislative and regulatory agenda for 2011 (including Dodd-Frank Act Implementation, GSE/secondary market reform, tax reform and residential loan servicing) and MBA's new three-year macro-economic and mortgage finance/housing forecasts.
Freddie Mac Funds First Multifamily Loan Under Its Mezzanine Finance Arrangement
McLean, VA - January 7, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) recently funded its first mortgage using the new mezzanine finance arrangement. Freddie Mac purchased a $47 million first mortgage from M&T Capital Realty Corp. for a property in the Washington, D.C., suburbs. The borrower, Metropolitan Apartments at Camp Springs L.L.C., secured a mezzanine loan for $6.75 million from Berkshire Properties
Declining Cities: The People Have Left, the Houses Remain
WASHINGTON, D.C. - January 6, 2011 - (RealEstateRama) -- The Great Recession of 2007 to 2009 created new declining cities, and posed further difficulties for cities already in decline. Some cities may not re-attain home price peaks for many years, and could see some neighborhoods cease to be viable economically, according to a study released today from the Mortgage Bankers Association (MBA)
Register Today For MBA’s 21st Annual Commercial Real Estate Finance (CREF)/Multifamily Housing Convention &...
WASHINGTON, D.C. - January 6, 2011 - (RealEstateRama) -- MBA's CREF Convention & Expo is the nation's largest annual commercial real estate finance/multifamily housing industry event. Members of the media are encouraged to attend general sessions and panel discussions to gather the most up-to-date information on commercial real estate trends and business practices as well as the industry's economic outlook for 2011
Bankrate: Mortgage Rates Drop Below 5 Percent Again
NEW YORK, N.Y. - January 6, 2011 - (RealEstateRama) -- Mortgage rates continue to yo-yo up and down, with the average rate on the benchmark conforming 30-year fixed mortgage rate falling back to 4.94 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points
Mortgage Applications Drop the Week Before Christmas and Increase the Week After in Latest...
WASHINGTON, D.C. - January 5, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the weeks ending December 24, 2010 and December 31, 2010. For the week ending December 24, 2010, the Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from the prior week. For the week ending December 31, 2010, this index increased 2.3 percent on a seasonally adjusted basis.
Americans Trust Their Financial Institutions to Disclose Terms, Help Manage Finances
WASHINGTON, Oct. 18 /PRNewswire/ -- American consumers give their own banks and credit card companies a 76 percent approval rating when it comes to being fair when disclosing terms to customers; they also rank their own personal banks and credit card companies far higher than the federal government when it comes to helping them handle their overall finances, according to the Second Annual Financial Fitness Survey released by The Financial Services Roundtable.