From The News Archives: Va Mortgages

MBA introduces new educational measures for lenders

December 7, 2009 VA Mortgages

In an attempt to better educate those training to become mortgage lenders, the Mortgage Bankers Association has announced new courses that will be offered under their CampusMBA program under the Secure and Fair Enforcement Licensing Act of 2008.
Among the new benefits of the CampusMBA program is the approval its School of Mortgage Banking I curriculum [...]

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Fannie Mae and Freddie Mac thriving under government control, but for how long?

August 31, 2009 VA Mortgages

Nearly one year after the government’s gaining control of more than $5 trillion in mortgages from Fannie Mae and Freddie Mac, the decision seems to be paying off, even if some wonder when ? and it – the government recede its control over the two entities.
Freddie Mac and Fannie Mae were both placed on into [...]

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FHA and VA mortgages at highest rate since 1990

July 10, 2009 FHA Mortgages

With private mortgage lenders offering fewer loans, applications for government-backed mortgages have reached their highest level since 1990, according to the Mortgage Bankers Association (MBA).
Loans backed by the Federal Housing Administration (FHA) and the Veterans Affairs Administration (VA) now a bigger role in the mortgage market than any time in the last 20 years. The [...]

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Weak employment sends mortgage rates lower

July 10, 2009 Mortgage Financing

Market concerns over a weak labor market sent the 30-year fixed-rate mortgage (FRM) average lower this week to 5.2 percent with an average 0.7 point, down from last week when it averaged 5.32 percent, according to Freddie Mac.
The economy lost 467,000 jobs in June, more than expected, raising the unemployment rate to 9.5 percent. Employee [...]

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