Company Also to Develop Model Subprime Mortgages
Freddie Mac today announced that it will cease buying subprime mortgages that have a high likelihood of excessive payment shock and possible foreclosure.

Statewide Median Price for a House in Illinois Is Stable at $200,000, as The Mortgage Rates Are Low.

The Federal Reserve has received inquiries and complaints from recipients of direct mail solicitations that suggest there is a "Community Reinvestment Act (CRA) program" that entitles certain homeowners to cash grants or equity disbursements.

Nearly two thirds (65%) of homeowners in a study of English mortgage holders store almost all their savings in one single asset - their own home - new academic research from Durham University suggests.

Silver Hill Financial, LLC, a leading national real estate lender specializing in small-balance commercial loans, has launched an enhanced version of its online Marketing Toolkit. The Toolkit, available via Silver Hill's website, now offers mortgage brokers the ability to customize and download materials to their desktop for printing anywhere.