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HAMP Loan Modifications Rise Above 650,000

Wed, 11 Nov 2009 05:21:37 -0600

The number of trial loan modifications extended via the Making Home Affordable program slipped past 650,000 in October, according to a data release from the Treasury today. That’s up from 487,081 in September and 386,865 in August; another 919,

Chase to Hire 1,200 Mortgage Loan Officers by End of 2010

Wed, 11 Nov 2009 05:20:04 -0600

Apparently Chase thinks the mini mortgage boom is going to continue, as evidenced by their intention to beef up sales staff by 60 percent from current levels. The mega-bank plans to hire 1,200 mortgage loan officers between now and the end of 2010 to

Mortgage Refinance Steps

Mon, 09 Nov 2009 16:12:03 -0600

Before you begin the mortgage refinancing, it is best to understand as much as you can about the process. The whole point of this article is to help supply you with information that will help you make the best mortgage refinance decision. Following t

3 Tips for Mortgage Refinance

Mon, 09 Nov 2009 10:14:27 -0600

Many homeowners can benefit from a mortgage refinance. However, many homeowners make the same basic mistakes when refinancing that cost time, money, or both. These are simple things that can easily be avoided. Here is some help and tips that will ass

Tips on When to Refinance your Mortgage

Mon, 09 Nov 2009 08:09:49 -0600

Knowing when to get a mortgage refinance can be tricky. Refinancing can bring big rewards and benefits for a homeowner. Sometimes though, it is not worth it at all. A decision to refinance a mortgage should be based on: -How much lower of an interes

Home Loan Modification: Understand It

Fri, 30 Oct 2009 08:46:59 -0500

All over America there are people struggling to survive on limited income and it is even harder for those fighting to keep their homes. More often than not people will freak out completely because they feel there is no hope for them. There is now hop

Mortgage Rates Rise for Third Straight Week

Thu, 29 Oct 2009 14:23:05 -0500

Mortgage rates climbed higher for a third straight week according to mortgage financier Freddie Mac; fortunately, they’ve been moving at a snail’s pace. The popular 30-year fixed averaged 5.03 percent for the week ending October 29, up from 5.00

Refinancing a Mortgage? Here are some options.

Thu, 29 Oct 2009 01:04:33 -0500

When contemplating the possibility of refinancing your mortgage loan it is important to make sure any new loan you take on will only benefit you in a positive way. Since there are so many different types of loans available now it is important to choo

Different Home Loan Refinancing Options

Sat, 24 Oct 2009 22:38:20 -0500

Regardless of the type of mortgage you have now, knowing what type of home loan refinancing to get is crucial, and will benefit you a lot. Many different loan refinance options exist, especially today, and knowing which one is the right match for you

New Equity Mortgage Loan Modification Options to Avoid Foreclosure

Fri, 23 Oct 2009 21:40:52 -0500

Are you in foreclosure and fear losing your home? Did you know that there are new mortgage options that can help you save your home from being lost? Well, there is, and an equity loan modification can be exactly what you need to save your home. You

Top States by Mortgage Lending Volume

Thu, 22 Oct 2009 17:25:58 -0500

If you were wondering where all that mortgage lending was taking place, wonder no longer; new mortgage data from Mortgagestats.com, based on HMDA figures released by the Fed, makes it all a little clearer. During 2008, mortgage lending was strongest

30-Year Fixed Back in the Fives

Thu, 22 Oct 2009 17:24:43 -0500

Mortgage rates climbed higher for a second straight week after nearly sinking to record lows, according to the latest survey from mortgage financier Freddie Mac. The ever popular 30-year fixed mortgage averaged 5.00 percent for the week ending Octobe

Mortgage Defaults Slow in California

Thu, 22 Oct 2009 17:23:45 -0500

The number of mortgage defaults filed during the third quarter fell 10.3 percent compared to a quarter earlier, according to real estate information service DataQuick. A total of 111,689 default notices were sent between July and September, an 18.5 p

Aurora Loan Services to Start Loaning Again

Thu, 22 Oct 2009 17:22:31 -0500

It seems as if we’re moving through a positive news cycle at the moment, with foreclosures now expected to abate and earnings ringing in at banks across the nation. Adding to that optimism is news that mortgage lenders are coming back from the dead

Lend America Faces FHA Suspension

Thu, 22 Oct 2009 17:21:21 -0500

Lend America, which calls itself “the authority on FHA financing,” has been accused of multiple origination and underwriting violations by the HUD Mortgagee Review Board. The Board alleged that the mortgage lender used conflicting information in

Mortgage Demand Falls for Second Straight Week

Thu, 22 Oct 2009 17:20:11 -0500

Demand for mortgages decreased for the second straight week as mortgage rates climbed higher, according to the Mortgage Bankers Association. Mortgage application volume fell 13.7 percent on a seasonally adjusted basis (-22.4 percent unadjusted) for t

Popular Mortgage Refinancing Options

Tue, 20 Oct 2009 14:01:35 -0500

Refinancing is getting a new loan with better interest rates, terms or conditions, and using it to replace your existing home loan. A proper refinance can easily save a homeowner hundreds of dollars every month on their mortgage. Here are some popula

Mortgage Refinancing Right Now is a Great Option for Homeowners

Mon, 19 Oct 2009 19:33:34 -0500

With mortgage rates near all time lows, now is a great time to consider refinancing your mortgage. Unless you recently purchased your home, odds are, a refinance can save you a lot of money. Getting lower interest rates, or better terms and condition

Why Should I Refinance My Mortgage?

Fri, 16 Oct 2009 07:34:05 -0500

Refinancing your home can help you prevent foreclosure or mortgage default. But, what is mortgage refinancing? Many homeowners are not aware of what a proper refinance can do for them. Here is a quick explanation of mortgage refinancing. Mortgage re

Why Refinance in todays market?

Thu, 15 Oct 2009 15:51:42 -0500

Many homeowners are struggling to make their monthly mortgage payments. Most of these people are convinced that getting approved for refinancing in todays market is near impossible to do. However, recent Government programs and market conditions actu

SoCal Home Sales Increase Slightly, Median Unchanged

Wed, 14 Oct 2009 11:24:00 -0500

Southern California home sales increased from August to September, a rarity fueled by record low mortgage rates, late-closing summer transactions, and the soon-to-expire homebuyer tax credit, according to DataQuick. During the month, 21,539 new and r

Reduced Paperwork to Speed Up Loan Modifications

Wed, 14 Oct 2009 11:22:43 -0500

Loan modifications, which have done little to stop the foreclosure train that continues to wreak havoc on the housing market and broader economy, may finally get easier. The Treasury Department ’s Office of Homeownership Protection policy direc

FHA Chief Fights Off Higher Down Payment Requirement

Wed, 14 Oct 2009 11:21:15 -0500

About two weeks after legislation was introduced to raise the minimum down payment on FHA loans to five percent, FHA boss David Stevens rejected such a move, according to the WSJ. While speaking at the Mortgage Bankers Association conference in San D

Realtors Want Current FHA Loan Limits Permanent

Wed, 14 Oct 2009 11:20:10 -0500

The National Association of Realtors today urged the quick passage of new legislation aimed at making the currently elevated FHA loan limits permanent. The bill, H.R. 2483, was introduced by committee members U.S. Reps. Brad Sherman (D-Calif.) and Ga

Home Refinancing - Get the Lowest Refinancing Rates

Wed, 14 Oct 2009 10:14:26 -0500

There are many people who are considering refinancing their home mortgage during this rough economic time. The goal for refinancing ones mortgage loan is being able to find the lowest rate possible. People looking to refinance commonly make the mista

3 Good Mortgage Refinancing Reasons

Tue, 13 Oct 2009 09:31:01 -0500

Many homeowners are looking into refinancing their mortgage. If done correctly, there are many benefits to a homeowner who refinances. Right now, interest rates are near all time lows, and millions of homeowners can take advantage of that by refinanc

Is Option Arm Bailout Next?

Wed, 07 Oct 2009 14:22:08 -0500

Foreclosures have been halted and loans have been modified, even for those underwater, but what about those pesky option arm loans? The WSJ says government officials are looking for ways to reduce losses, as a flood of option-arm related foreclosures

Fannie and Freddie to Rescue Mortgage Bankers

Wed, 07 Oct 2009 14:20:56 -0500

If in doubt, call Fannie Mae and Freddie Mac. Apparently the pair of government-owned (taxpayer owned) mortgage financiers are going to make life easier for mortgage bankers, according to the WSJ. Word on the street is the pair will expand a pilot pr

3 Mortgage Refinance Tips to Help you Save Money

Tue, 22 Sep 2009 14:24:00 -0500

Mortgage Refinance Tips for Homeowners

Mon, 21 Sep 2009 22:28:00 -0500