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vornamentation+loan+ Your q Homeequityloanmorgages isearchy Your Have you wanted to refinance, but don鈥檛 have the money for closing costs? Or feel the costs involved may not justify the lower rate? Some of you must, considering the fact that 17.5 million homeowners with Fannie Mae and Freddie ... Read More »
Despite a push to allow more Americans to refinance their mortgages (Harp 2.0), the Obamas haven鈥檛 taken the time to refinance their own, according to a disclosure released yesterday by the White House. The financial disclosure revealed that as of ... Read More »
Over the past several months, it has become somewhat clear (insert gigantic grain of salt here) that home prices may have bottomed last year, at least in some areas of the country. While it鈥檚 still too early to say so ... Read More »
It took a while, but Bank of America announced today that it intends to mail out principal reduction offers to some 200,000 homeowners. The first letters should be arriving in mailboxes this week, with most mailed by the third quarter ... Read More »
Mortgage rates keep on marching lower and lower, with new records broken seemingly every week. But with all the fervor surrounding mortgage rates, some lenders are playing the 鈥渉ow low can we appear to go鈥 game. For example, mortgage lenders ... Read More »
Talk about dominating the market. A new report from Inside Mortgage Finance revealed that San Francisco-based bank and mortgage lender Wells Fargo snagged 33.9% of the mortgage market in the first quarter of 2012. It was the biggest residential mortgage ... Read More »
I鈥檝e noted time and time again that it has become a lot more difficult to qualify for a mortgage over the past several years. And the latest Senior Loan Officer Opinion Survey on Bank Lending Practices (wow that鈥檚 long) released ... Read More »