Archive for the ‘Mortgage News’ Category

Banks get edge in mortgage talks as feds settle

Banks get edge in mortgage talks as feds settle Bank of America Corp., Wells Fargo & Co. and fellow mortgage servicers are more likely to dodge a threatened $ 20 billion in penalties for faulty foreclosures after U.S. agencies cut ahead of the states by signing deals without fines. Read more on Finance and Commerce [...]

Stock Market, April 11: What’s on Tap

Stock Market, April 11: What’s on Tap NEW YORK (TheStreet) — Well, the Democrats and Republicans somehow found enough common ground on Friday to keep the federal government open for business, so Wall Street can once again turn the majority of its attention back to corporate earnings. There’s a dearth of economic news on Monday [...]

Housing: Proposed rules for mortgages sobering

Housing: Proposed rules for mortgages sobering WASHINGTON – Read more on Arizona Daily Star News Briefs HOME BUILDING DOWN The Canada Mortgage and Housing Corporation said Friday that so far this year, 15 single-detached homes are in the preliminary stages of construction, 50% less than the same period last year.[...] Read more on The Sudbury [...]

30-year fixed mortgage averages 4.87%

30-year fixed mortgage averages 4.87% Fixed mortgage were essentially unchanged this week as the average rate on the 30-year fixed loan stayed below 5 percent. Read more on Pioneer Press Troubled homeowners can’t reach many mortgage trustees, AG says share: digg facebook twitter Mortgage trustees handling many foreclosures in Washington are violating a state law [...]

Banks get edge in mortgage talks as feds settle

Banks get edge in mortgage talks as feds settle Bank of America Corp., Wells Fargo & Co. and fellow mortgage servicers are more likely to dodge a threatened $ 20 billion in penalties for faulty foreclosures after U.S. agencies cut ahead of the states by signing deals without fines. Read more on Finance and Commerce [...]

Latest Mortgage News News

Spring Fever Sends Mortgage Thermometer Up Mortgage investors look on the bright side of mixed economic news, sending rates higher. Read more on FOX Business Mortgage Servicers to Revamp Foreclosure Process The top national mortgage servicers are expected to alter their methods and allow new oversight when foreclosing on a homeowner. Read more on New [...]

For A Dead Bank, Wachovia Is Having A Busy Week

For A Dead Bank, Wachovia Is Having A Busy Week Wells Fargo Securities agrees to pay $ 11 million related to CDOs sold before it acquired the failed Read more on Forbes WSJ: Fannie Mae To Sell Stake In Apartment Portfolio To Related Government-controlled mortgage finance company Fannie Mae (FNMA.OB) is planning to sell a [...]

California Mortgage Advisor Sue Drawdy Applauds Extension of Home Affordable Refinance Program (HARP)

California Mortgage Advisor Sue Drawdy Applauds Extension of Home Affordable Refinance Program (HARP) Sue Drawdy, a licensed mortgage advisor at All California Mortgage, is celebrating the Federal Housing Finance Agency’s extension of HARP by helping clients with Freddie Mac or Fannie Mae-owned mortgages. (PRWeb April 02, 2011) Read the full story at http://www.prweb.com/releases/jumbo-loans/Bay-Area-San-Diego/prweb8262020.htm Read more [...]

Latest Mortgage News News

Help offered to speed housing short sales Mortgage giant Fannie Mae has set up a help desk to assist California Realtors with some transactions where… Read more on Orange County Register Woman from Humble pleads guilty in Louisiana to mortgage scheme LAFAYETTE, La. — A Humble, Texas, woman has pleaded guilty in Louisiana to two [...]

Latest Mortgage News News

Tax Tip: Deduct Your Mortgage Points NEW YORK (MainStreet) — Points (charges equivalent to 1% of a mortgage loan) you pay to refinance of your principal residence or to buy or refinance a vacation home or investment property must be “amortized” over the life of the mortgage: Points on a traditional 30-year mortgage, for example, [...]

Latest Mortgage News News

National Mortgage Complaint Center Blasts All US Banks for Failing to Give Homeowners Consistent Customer Service on … The National Mortgage Complaint is blasting all US banks, and mortgage servicing companies for failing to allow all US homeowners wishing to do a loan modification, or attempting to do a loan work out with the opportunity [...]