Mortgage modifications – New year looks no brighter for mortgage modifications
The Attorney General’s office received 578 complaints against banks regarding mortgage modifications from Nov. 9 through mid-December, with almost half of them against Bank of America.
Banks say they’ve hired staff, set up processes for handling a flood of troubled borrowers, but consumers are not filling [...]
Posts Tagged ‘mortgage-rates’
Mortgage modifications – New year looks no brighter for mortgage modifications
Mortgage Times – Mortgage Times in administration
Mortgage Times – Mortgage Times in administration
The Mortgage Times Group has gone into administration and the FSA has updated its information on the company as ‘closed to regulated business’.
There is no comment from mortgage Times; The Mortgage Times website cannot be accessed and no one is answering the phone at the company’s main Tottenham Court [...]
Mortgage Rates – Upward trend seen in fixed mortgage rates
Mortgage Rates – Upward trend seen in fixed mortgage rates
The key catalyst for interest rates going forward will be the end of a Federal Reserve program that buys a sizable chunk of mortgage-backed securities issued by firms such as Fannie Mae and Freddie Mac. That program succeeded in immediately pushing mortgage rates well below the [...]
Mortgage Time – It says in order to claim the 1st time home buyer credit you have to have a contract showing your mortgage?
Mortgage Time – It says in order to claim the 1st time home buyer credit you have to have a contract showing your mortgage?
Question about it says in order to claim the 1st time home buyer credit you have to have a contract showing your mortgage :
I bought my home for cash last year and [...]
Mortgage Refinancing – Is It Time to Refinance the Mortgage?
Mortgage Refinancing – Is It Time to Refinance the Mortgage?
Refinancing for a lower monthly mortgage payment or to change the terms/length of your loan may prove beneficial to you if you are interested in saving money right now. For example, if you are currently paying 6.000% for your current loan, Bank of America is offering [...]
Mortgage Home – Consumer agency could protect future home buyers and mortgage borrowers
Mortgage Home – Consumer agency could protect future home buyers and mortgage borrowers
Though no specific types of loans are prohibited in the legislation itself, the CFPA almost certainly would limit or closely regulate mortgages with extra layers of risk — teaser rates, adjustable payments, negative amortization and options for borrowers to pay as little as [...]
Mortgage Rates – IL&P may hike mortgage rates in the new year
Mortgage Rates – IL&P may hike mortgage rates in the new year
Permanent TSB is to cut interest rates for savers by up to 0.35 per cent next month, triggering fresh concerns that it will hike mortgage rates in the new year in a renewed effort to repair its lending margins.
Mortgage Home – What happens to a second mortgage when a home is purchased at a foreclosure auction?
Mortgage Home – What happens to a second mortgage when a home is purchased at a foreclosure auction?
Question about what happens to a second mortgage when a home is purchased at a foreclosure auction :
I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second [...]
Mortgage Deals – Great deals on mortgage modifications, including 2% interest
Mortgage Deals – Great deals on mortgage modifications, including 2% interest
At 8 a.m., homeowner Rodney Wynn was drowning under his $1,800-per-month, 13.4% interest rate mortgage. But by 5 p.m., he had found some relief: a 4.7% loan with a $970 monthly payment.
Wynn, a program director for a youth home in North Carolina, is just one [...]
Reverse Mortgage – Government mulls ‘reverse mortgage’ program for seniors
Reverse Mortgage – Government mulls ‘reverse mortgage’ program for seniors
A reverse mortgage (or lifetime mortgage) is a loan available to seniors, and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner’s obligation to repay the loan is deferred until the owner dies, the home is [...]