Articles from June 2011



Small Banks being excluded in Mortgage Loans

Small US Banks are being squeezed in the US housing mortgage loans market. Small Banks being excluded in Mortgage Loans Official report – quote  –  Sen. Richard Shelby, the Alabama Republican who is the ranking member on the Senate Banking Committee, raised concerns at a hearing on access to the secondary market for small financial […]

Current US mortgage interest rates higher

The average 30-year fixed rate mortgage  – FRM jumped two basis points to 4.506 percent Current US mortgage interest rates higher Bank of America raised their base rate eight points to 4.63 percent. Chase raised their 30-year FRM nine basis points to 4.83 percent. The average 15-year fixed rate mortgage jumped two basis points to […]

JPMorgan Chase dismiss Mortgage Chief David Lowman

Executive shake up at JPMorgan Chase as out of the exit door goes mortgage chief David Lowman after military personnel were overcharged on loans and other borrowers were improperly foreclosed on. JPMorgan Chase dismiss Mortgage Chief David Lowman More details from JPMorgan – quote – In April, JPMorgan agreed to pay $56 million and to […]

Seven consecutive weeks US Mortgage Rates Fall

How many times do we say the US house mortgage rates have fallen once again yet the US home market is still in the rank, Now after seven consecutive weeks of falling mortgage rates house sales are still virtually static. Seven consecutive weeks US Mortgage Rates Fall Moreover there is no confidence forthcoming from executives […]

Refinancing make U.S. Mortgage Applications Fall 4% Last Week

Yet another week confirming that the US home mortgage market is  still languishing in the doldrums. Moreover there is no improvement forecast in the short to medium term future. Refinancing make U.S. Mortgage Applications Fall 4% Last Week Here is more news on the refinancing impact – quote – Bloomberg.Com – “Nobody wants to buy […]