Mortgage Links

Mortgage Links

Your Mortgage. Um, YOURmortgage

Recent ads on TV, radio and online promote a particular mortgage lender that offers to create a special mortgage with a payoff period designed specifically for you. That's actually a good thing. Most consumers think there are two mortgage terms, a 30 year mortgage and a 15 year mortgage. Yet in reality most any term [...]

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The mortgage industry changed in the last year. Most companies have found themselves under significant financial pressure. Some mortgage firms have disappeared. Others have grown and expanded their market share by acquiring struggling competitors. The number of mortgage loan originations has also been on the rise, allowing lenders to add to the growth from mergers [...]

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The Obama administration has announced a new program to help borrowers with second mortgages stay out of foreclosure. Under this program, the government will pay mortgage servicers $500 upfront and $250 a year for three years if they successfully modify a second mortgage, such as a home equity loan. The Treasury Department says second mortgages [...]

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Goal: Saving 10,000 homes in 2009

Leading residential mortgage banker Lend America has set a company-wide goal to save a minimum of 10,000 homes for owners facing foreclosure during 2009. “Bearing in mind the nightmare of foreclosure confronting homeowners across the country, our 'homes saved' goal is not altruistic; its an absolute necessity,” said Nicholas Bratsafolis, Senior Managing Director – Structured [...]

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IRS Speeds Lien Relief

The Internal Revenue Service (IRS) is giving struggling American homeowners a gift this holiday season. No, they aren't canceling homeowners' tax debt. They are, however, making it easier for distressed homeowners to avoid having a federal tax lien block the sale or refinancing of a home. They are also expediting the process for requesting a [...]

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