Tag Archives: financial crisis

Higher Rates to Ensue for Many Modified Mortgages

According to a recent government report from the office of the Special Inspector General of the Troubled Asset Relief Program (SIGTARP), 800,000 homeowners who received loan modifications during the financial crisis will begin to see their monthly payments go up by about $200 a month. About 30,000 homeowners will experience their first set of higher […]

Rising Mortgage Rates May Affect Mortgage Funds

As the deadline for the Federal Reserve’s $1.25 trillion purchase program for mortgage-backed securities draws to a close, speculation remains high about its potential impact on interest rates. Some analysts believe mortgage rates will rise and mortgage funds may be affected as prices of mortgage securities will subsequently fall. The prices of mortgage securities have […]