HARP a cash cow for banks?
Critics accuse the largest mortgage servicers of charging HARP borrowers higher rates.
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.
More lenders under FHA scrutiny
Seeking to recoup losses from the housing bust, the FHA is casting a wider net.
Commercial property revival
The volatile stock market is forcing investors to move into tangible assets.
Posted in Mortgages
Tagged commercial, investment, market, Mortgages, property, real estate
Comments Off on Commercial property revival
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.
For sale: Private island
It's hard to look beyond the dream of owning a residential island, but buying any vacant property can result in big bills.
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 up home equity faster.
Freddie Mac released a report recently that shows that
Posted in Mortgages
Tagged homeowners, loan, mortgage, Mortgages, Rates, Refinancing, shorter
Comments Off on Double benefit of refinancing
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 Department. Economists had expected at least 150,000 new jobs.
It gets worse: revisions from previous
Euro’s brief gift to refinancers
Think mortgage rates are low? Well, they are about to get lower.
Less refinancing, more profit
Banks are making money from fewer mortgages, but next year looks quite different.
Posted in Mortgages
Tagged homeowners, mortgage, Mortgages, Rates, Refinance, Refinancing
Comments Off on Less refinancing, more profit