It’s a healthy period for both homebuyers and homeowners in the US housing market. The wave of low rates that began in the second half of the year continue to fuel the influx of mortgage purchase and refinance. And just as well, it’s never been a greater time to get a good deal on the sale of your home. The prices are high, owing to the overwhelming demand and the current … [Read more...] about Ways to Add Value to Your Home
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 can be created in a mortgage loan. The difference might be … [Read more...] about Your Mortgage. Um, YOURmortgage
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 and … [Read more...] about Meet the Biggest Mortgage Originators & Servicers in the U.S.
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 are a major problem for at … [Read more...] about New Fed plan will help with 2nd mortgages, home equity loans
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.â€œBearing in mind the nightmare of foreclosure confronting homeowners across the country, our 'homes saved' goal is not altruistic; its an absolute necessity,â€ said Nicholas Bratsafolis, Senior Managing Director â€“ … [Read more...] about Goal: Saving 10,000 homes in 2009