Rob Vaughan's (robsavestheoc) Blog

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Mortgage and Lending - American First Mortgage Company
RECENT BLOG POSTS
  MondayJanuary 18, 2010 HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERSMeasure to help bring stability to home values and accelerate sale of vacant properties WASHINGTON - In an effort to stabilize home values and improve conditions in communities where foreclosure activ...
01/18/2010
   After losing their homes, these 4 families thought they'd never recover. They've found it difficult to rent and their credit is wrecked, but life is looking up. City: ChicagoPrice paid: $245,000Current value: 175,000Lesson: "My only regret is that ... we signed a contract and then we couldn't ...
08/22/2009
NEW YORK (CNNMoney.com) -- Loan servicers will "significantly" increase the pace of mortgage modifications under the Obama foreclosure prevention program, the Treasury Department said Tuesday. The Obama administration wants to see 500,000 trial modifications in place by Nov. 1. Currently, 200,000...
07/30/2009
So you want to refinance your house, but it's not worth enough for you to get a good loan in the current market? A new Obama administration program is designed to fix that problem for Millions of homeowners. Through June 2010 borrowers whose loans are owned or guaranteed by Fannie or Freddie may ...
06/26/2009
Grab one now, or hope for lower rates?Floaters got sunk this week. Anyone who is in the market for a new mortgage, be it a straight-up purchase or refinance, and was letting their rate float in hopes of locking in at a lower rate instead got smacked with a near quarter point rise in the 30-year f...
05/29/2009
February saw an unexpected jump in foreclosure filings as the weak economy puts more pressure on borrowers. NEW YORK (CNNMoney.com) -- The foreclosure picture suddenly darkened again in February. More than 74,000 homes were lost to bank repossessions during the month, up from 67,000 in January, a...
03/14/2009
The 30-year fixed rate increases to 5.41%, as government issues massive amounts of debt to finance spending. NEW YORK (CNNMoney.com) -- Mortgage rates rose over the past week, as home prices and sales fell and the government issues massive amounts of debt to pay for federal spending. The average ...
02/26/2009
Regulators will issue new rules governing the mortgage finance company's portfolio holdings. Also coming, new capital requirements for Federal Home Loan Banks. NEW YORK (CNNMoney.com) -- The federal regulator of Fannie Mae and Freddie Mac will set new rules early next week governing the mortgage ...
01/27/2009
Borrowing costs continue to fall, but that's failed to boost home buying. NEW YORK (CNNMoney.com) -- Rates on mortgage loans are the lowest in the 37-year history of the Freddie Mac Primary Mortgage Market Survey, according to a weekly report released Wednesday. The average 30-year, fixed-rate lo...
01/02/2009
By halting evictions, the mortgage giants get time to implement a recent rescue plan NEW YORK (CNNMoney.com) -- Mortgage giants Fannie Mae and Freddie Mac have directed their network of servicers to halt all foreclosure and eviction proceedings between Nov. 26 2008 and Jan. 9, 2009, meant to give...
11/21/2008
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