Mortgage Updates and Forecasts as of May 21, 2009

Recent up dates and forecasts for New-Home-Buyers:

As of May 21, 2009, Freddie Mac and Fannie Mae announced refinancers are overwhelmingly choosing Fixed -Rate mortgages in the first quarter. President Obamas’ plan for keeping long term fixed rates at an all time low will continue to encourage new home buyers to opt in for these incentives. New home buyers have become more and more aware of the dangers faced by locking into mortgages with ARMS. We can expect refinancers to continue with their pattern as well. This may very well be a once in a lifetime opportunity, especially for those financially strapped home owners struggling to make their monthly payments. The lowest fixed mortgage rates in 50 years are attractive by themselves, and when we look at average ARM interest rates that are nearly the same as the fixed rates being offered, it is easy to see why borrowers are making the choice for fixed-rate mortgages.

Long-term fixed-rate mortgage rates have remained below 5.0 percent for the past 10 weeks as the U.S. Treasury and Federal Reserve (Fed) act to keep interest rates low through security purchases, said Frank Nothaft, Freddie Mac vice president and chief economist.

Summary of Survey Results

Fixed-Rate Mortgages
Average Conventional 30-Year Commitment Rate Fees & Points Average Conventional 15-Year Commitment Rate Fees & Points
US 4.82 0.7 4.50 0.7
Northeast 4.86 0.8 4.56 0.8
Southeast 4.79 0.7 4.48 0.7
N. Central 4.86 0.7 4.51 0.7
Southwest 4.84 0.5 4.55 0.5
West 4.79 0.8 4.43 0.7

Recent up dates and forecasts Refinancing:

Declining home values have made refinancing for many home owners increasingly difficult if not impossible।However, there has been an over all increase in home owners taking advantage of this 50 year low rate, for fixed mortgages. This is truly a once in a lifetime opportunity for refinancers and new home buyers alike. New programs and policies have been put into effect to assist home owners effected by decreasing home values. They may qualify for a lower rate lower risk loan with no cash out. The over all trend for home owners searching to refinance their homes is expected to steadily increase as more and more incentives are put into place.

Recent up dates and forecasts for Loan-Modifications:

The biggest push for the Obama administration as well as other federal regulatory agencies has been revolved around loan-modification. The dramatic increase in foreclosures has had the greatest impact on the depression since “The Great Depression in 1929 . The process of loan modification was originally processed through the banks Loss-Mitigation department. One primary document being the letter-of hardship. The time has never been better then now to request a loan modification. Until recently, the Loss-Mitigation department was a well kept secret from the general public. The Loss-Mitigation department has now out grown all other departments in the banking industry. Approximately 1.3 million home owners receive foreclosure notices in 2007. This was 79 percent increase from 2006. The foreclosure rate increase again form 2007-2008 to as high as 81% in some areas. Over 1 million home owners lost their homes in 2008. The number of foreclosures have steadily increased between late 2006 and late 2008. However, we are expected to see a rapid decline in late 2009 for foreclosures nation wide as federal agencies lower the bar for loan modifications.

Recent up dates for forecasts for Loan-Modifications Qualifications.

Most home owners are completely un-aware that a Loss-Mitigation department exists. Loss-Mitigation agents rarely worked directly with home owners in the past. Foreclosure prevention attorneys and Loss-Mitigation specialists were used as the go-between home owner and lender. The rising increase in foreclosures have turned the Loss-Mitigation department upside down, and has forced lenders to work directly with home owners to modify their loans. All loan modifications now fall under the same federal guide lines. The Loss-Mitigation department is the place to go for home owners who are struggling to make their mortgage payments.

Loan-Modifications Qualifications.

The process of loan modification lies within the lenders Loss-Mitigation department. It is here with in the Loss-Mitigation department lie forms for your loan modification. Your loan modification is within grasp, just one sheet of paper. You will qualify for a loan modification, as long as you can full fill the requirements of that one sheet of paper.

Ex-Underwriter Reveals The Inside Secrets of
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List of documents you need to submit for Loan Modification
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Have you been unable to refinance your home and can’t afford the price of what companies are asking to do a Loan Modification? Some companies are charging as much as $3,000-$4,000 to do Loan Modification requests for homeowners. We understand that many of these people are already in financial hardship. Our system is a comprehensive step by step guide to negotiating a Loan Modification from your current lender on the current terms of your loan to reduce your payments, skip payments, avoid paying back payments that have been missed and avoid foreclosure. Whether it is an adjustable rate mortgage whose rate has skyrocketed or simply a loan you can no longer afford due to job loss and diminishing incomes, now is the time to request and have a loan modification approved by your lender

Loan Modification Strategy Mortgage Foreclosure Real Estate Investing - Foreclosures, Short Sales Loan

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Product Launch: “Foreclosure Prevention” Self Help Course. Stop Foreclosure. Don’t wait for the government to bail you out. The bail out is for the banks and not for you, directly. So, how can you help your self and others like yourself, and put some money in your pocket at the same time? Easy, learn what the banks don’t want you to know.

Learn: "What Banks Don't Want You to Know"

I worked as a loan officer and for a lender broker for many years. I know for a fact that most lenders have a special department for modifying mortgage loans. This special department is called the Loss-Mitigation department, and for many years was only accessible through legal counsel that represented the home owners. There are two main reasons why this information has been held secret from the public. Reason 1): Banks are holding this information back from the general public to protect their investment and investors.

Can you imagine what would happen if everyone being foreclosed on knew exactly what to do to modify their loans for more accommodating monthly payments? Can you imagine taking all of your past due payments and putting them on the back end of your loan, and starting over again with a new lower monthly payment? Reason 2): The added costs for expanding the Loss-Mitigation department could be devastating to lenders.

We will show you how to cut to the chase by filling out just one simple form. You will know right away if you qualify or not, and the banks will not provide this form. Banks (Lenders) don’t want to deal with you for one simple reason. You don’t know what you are doing. You could modify your own loan if you knew what the questions are. And, the banks are reluctant to tell you exactly what you will need.


Most Loss-Mitigators and attorneys will charge at least one months mortgage to help you out. And, they will never tell you about this one page form. Your lawyer will never tell you how simple it is. Your lawyer will never tell you that you could do this your self, and that there is a ton of money to be made by helping other people. Could you imagine getting one months mortgage payment for every person you help to complete one form that banks are reluctant to give.

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