chart showing mortgage interest rates rising

Mortgage Interest Rates Are Rising

At MarketNsight's December 9, 2021 MarketWatch, David Godwin, Senior Vice President of Business Development for Bank South Mortgage was asked, "What is going to happen to interest rates in 2022?"  His response was, Fannie Mae, Freddie Mac, the National Association of Realtors and the Georgia Bankers Association are all showing a slight uptick in mortgage rates for 2022. Godwin makes[...]

$25 Billion Settlement Announced Between States and Banks

Today state and federal officials announced a new $25 billion settlement with five of the United States' largest loan servicers to help those affected by foreclosures and mortgage fraud. Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo have agreed to provide as much as $25 billion in relief to distressed borrowers and in direct payments to select states[...]