Tag Archives: mortgage
FHA: Old debt? no problem
Borrowers are no longer required to pay off their collection accounts to be able to get an FHA mortgage. Continue reading
HARP a cash cow for banks?
Critics accuse the largest mortgage servicers of charging HARP borrowers higher rates. Continue reading
HARP a cash cow for banks?
Critics accuse the largest mortgage servicers of charging HARP borrowers higher rates. Continue reading
What HARP lenders won’t tell you
“No” doesn’t always mean “no.” At least not when you are trying to refinance your mortgage through HARP 2.0. Here is what HARP lenders won’t tell you. Continue reading
FHA: Higher fees for some
Borrowers who take out an FHA mortgage of more than $625,000 will have to pay higher fees as of next week. Continue reading
Double benefit of refinancing
With mortgage rates dropping, homeowners are quick to realize the double benefit of refinancing now. Not only do they get a low rate that reduces their monthly payments, they are also locking in a shorter duration to be free of debt sooner and build u… Continue reading
Bad jobs report = great rates
The disappointing May jobs report released this morning means bad news for the economy and for investors, but not for mortgage rates.
The unemployment rate inched up to 8.2 percent and the economy added only 69,000 jobs in May, says the Labor Departmen… Continue reading
Euro’s brief gift to refinancers
Think mortgage rates are low? Well, they are about to get lower. Continue reading
Less refinancing, more profit
Banks are making money from fewer mortgages, but next year looks quite different. Continue reading
Will HARP 3 be a charm?
Will the third try be a charm for HARP? Industry analysts seem to think so. And so does the government. Continue reading