Mortgage rates drop to lowest in 37 years – Economic Times NEW YORK : Interest rates on US 30-year fixed-rate mortgages dropped to their lowest level in 37 years this week, largely due to an unprecedented intervention by the Federal Reserve, according to a survey released on Wednesday by home funding company … Mortgage refinancing [...]
Latest News in Refinancing Home Mortgages – Dec 18, 2008
December 18, 2008 By Leave a Comment
Calls to refinance surge – Canton Repository Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Fed?s extraordinary decision Tuesday to lower their prime lending rates from 4 percent to 3.25 percent. Some brokers were quoting mortgage rates of close to … Borrowers rushing to refinance loans as rates [...]
Yield Spread Premium Affect Homeowners’ Mortgage Payments
July 10, 2008 By Leave a Comment
Americas Watchdog Accuses Federal Reserve & Congress of Looking the Other Way On U.S. Banks and Mortgage Bankers Hiding A Huge Mortgage Kick Back Called a Yield Spread Premium That Affects 50 Million Current U.S. Homeowner’s Monthly Mortgage Payments According to Americas Watchdog, “The US Federal Reserves suggestion to clamp down on mortgage bankers, and [...]
Second Homes Should Pay Their Own Way
June 12, 2008 By Leave a Comment
Second home owners could consider letting their homes to holiday makers to help meet the increasing costs of financing them rather than feeling pressure to sell them in the current housing market says specialist independent mortgage brokers Mortgages for Business. There are an estimated 240,000 English households with second homes that are not rented out [...]
No Down Payment Poor Credit Mortgage Loans – Understanding 80/20 Loan Option
March 11, 2008 By Leave a Comment
No Down Payment Poor Credit Mortgage Loans – Understanding 80/20 Loan Option by Carrie Reeder When applying for a mortgage loan, down payments are generally required as part of the financing. Many traditional mortgages will only finance 80 percent of the home price. Thus, homebuyers are obligated to provide the additional 20 percent. Having a [...]
A Bad Credit Mortgage Broker Can Turn You from a Walking Liability to a Sound Investment
March 7, 2008 By Leave a Comment
A Bad Credit Mortgage Broker Can Turn You from a Walking Liability to a Sound Investment by Rony Walker Who does not fear risk? We all do, especially when it involves money. While risk is an inherent part of business, a good businessman chooses risks wisely. This is especially true in the mortgage industry which [...]
Which Mortgage Is Right For You?
February 9, 2008 By Leave a Comment
Latest News in Mortgages Home Loans – Jan 16, 2008
January 16, 2008 By Leave a Comment
Wells Fargo’s Q4 profit falls 38 percent amid mortgage turmoil MSN MoneyCentral – The results were not unexpected since Wells said in November that it was taking a $1.4 billion charge against earnings to cope with troubled home equity loans that were primarily generated by outside mortgage brokers. Wells wrote off $595 million in … [...]
Latest News in Home, Mortgages, and Loans – Dec 7, 2007
December 7, 2007 By Leave a Comment
US SWAPS-Spreads swell on solid data, mortgage hedging Reuters – The recent safe-haven rally in Treasuries made home loans less valuable because lower yields, benchmarks for most U.S. mortgage rates, lead to faster mortgage prepayments. As a result, mortgage companies would not have collected all the interest … Offer: Lousy credit? Buy somebody else’s Los [...]
Useful Tips To Help You Shop for a Home Loan To Save Money
November 28, 2007 By Leave a Comment
