Utah Home Mortgage News

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• FDIC details plan to alter mortgages   San Jose Mercury News - 10 minutes ago WASHINGTON Officials at the Federal Deposit Insurance Corp. on Thursday detailed a plan to prevent 1.5 million foreclosures in the next year by offering financial incentives to companies that agree to sharply reduce monthly payments on mortgage loans.



• Mortgages: Fixed-rate mortgages drop for second week  Market Watch - Nov 13 8:12 AM Mortgage rates dropped again this week, prompted by more indications of weakness in the economy, Freddie Macs chief economist said on Thursday.



• HUD Unveils New Rules for Mortgages  WallStreet Journal via Yahoo! Finance - Nov 13 6:40 AM  HUD announced new rules aimed at helping Americans shop for mortgages more effectively, but said it lacks powers to enforce those rules.



• Rates on 30-year mortgages drop for second week, falling to 6.14 percent  Minneapolis-St. Paul Star Tribune - Nov 13 10:45 AM WASHINGTON - Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets.



• WEB EXTRA: Answering your questions about mortgages an...  WBTV Charlotte - Nov 13 3:07 PM Terms of Use: We welcome your participation in our community. Please keep your comments civil and on point. Notify us of any inappropriate comments by clicking the Mark as Offensive link. You must be at least 13 years of age to post comments.

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