Chris McDonald's (chrismcdonald) Blog

We expected that the lead story of this week would be the Congressional testimony of Countrywide Mortgage CEO Angelo Mozilo and other mortgage company executives about their high levels of compensation which continue despite the enormous loses their companies have suffered in the subprime mortgag...

The 30-year fixed-rate mortgage (FRM) climbed 20 basis points from the average 6.04 rate a week earlier although fees and points declined from 0.6 to 0.5. One year ago the 30-year FRM averaged 6.18 percent.The average contract interest rate of the 15-year FRM was 5.72 percent with 0.5 point, up f...

Yet another program to help homeowners who are delinquent on their mortgages was announced last week by Fannie Mae. HomeSaver Advance, a part of the corporations larger HomeStay initiative, is not for everyone and sort of feels like a finger in the dike attempt to stop the tide of foreclosures, b...

U.S. Housing and Urban Development Secretary Alphonso Jackson today announced that HUD's FHASecure product has helped 100,000 homeowners refinance their mortgages and avoid foreclosure.  Since September 2007, FHASecure has enabled tens of thousands of families - who are current on their home loan...

If you have been looking for a manufactured home mortgage then you just connected with the regions #1 source for MH mortgage loans. Our company is 100% dedicated to serving people in this badly underserved market. I guess if it were easy then everone would be doing it, right? Manufactured home mo...

San Francisco - Tens of thousands of California families could benefit from affordable government-insured mortgages under a plan to be announced shortly that will temporarily increase home loan limits, U.S. Department of Housing and Urban Development Secretary Alphonso Jackson said today. Highlig...

Half of the respondents have already moved back to New Orleans. Currently, there are 1,824 families living in a combination of rehabilitated and newly-constructed public housing units in New Orleans. There are another 253 units available for lease and another 790 units under repair. Former reside...

A significant majority of public housing residents displaced by Hurricane Katrina do not want to return to public housing in New Orleans, according to an independent survey commissioned by the Housing Authority of New Orleans (HANO). Conducted by the University of Texas at Arlington (UTA), the re...

Friday's bond market opened is trading in positive territory after this morning's employment figures added more fuel to the economic recession debate. The stock markets opened in negative territory before moving into positive ground. However, those gains were short-lived as the major indexes are ...

FHA Mortgage Limits List - FHA Forward Message:   MORTGAGE LIMITS SUCCESSFULLY COMPLETED Mortgage maximums as of Friday March 07, 2008(1 records were selected, 1 records displayed.) MSA Name MSA Code Division County Name CountyCodeStateOne-FamilyTwo-FamilyThree-FamilyFour-FamilyLast RevisedAUBURN...