Mortgage | refinancing

NEW YORK (Reuters) – Applications for U.S. home mortgages surged last week, driven by increased demand for refinancing as interest rates hit fresh lows, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, jumped 9.2 percent in the week ended May 11. The    .. more …

Steve Bucci – Dear Debt Adviser,My husband and I are both retired, ages 67 and 70, and we are living our retirement on a very tight budget. We have $120,000 in an IRA, but still owe $98,000 on our mortgage. Our payment is $1,700 a month. In light of the stock market’s volatility, would it be wise to cash out our IRA and use the proceeds to pay off our mortgage?– Lori Dear Lori,Let me be    .. more …

~li~ Watch Video Heating up the mortgage war (3:21) Related 18:57 Homeowners told to battle for deals on mortgage rates watch ANZ cuts mortgage rate to 17-year low opinion Nadine Chalmers-Ross: Is now the time to fix your mortgage? A leading mortgage broker says lending rates are the best theyhave been for first-time homebuyers.Mike Pero, the founder and director of Mike Pero Mortgages,    .. more …

WASHINGTON, DC–(Marketwire -05/15/12)- A sustainable housing recovery requires that policymakers move forward with the difficult decisions regarding the future of the mortgage market. That’s according to Federal Reserve Board Governor Elizabeth Duke, who spoke to Realtors at a joint Real Estate Services and Regulatory Issues Forum — Prescriptions for Housing Recovery session today during the    .. more …

ATLANTA — The number of mortgage lenders slapped with state sanctions dropped in 2011 to nearly half the previous year, according to an annual report of the Georgia Department of Banking Finance.Administrative actions against mortgage lenders peaked in 2010 at 723. Last year’s 47 percent drop still resulted in 383 sanctions, higher than the previous peak of 324 in 2007.Three-fourths of the    .. more …

There are more than two million people employed in various call centres across UK. Until a few years ago, it was fashionable and economically attractive for companies to offshore their operations. Cost pressures and better valuation of the business with off-shore, forced many businesses to transfer their operations to countries like India and South Africa. The myriad of customer service problems    .. more …

Do not panic. Come down from the ledge. You do know best. Let me pull the curtain back and show you.Your brain has been pounded over and over with news about how the housing market is sinking faster than the Titanic. Even so, you still want to sell your house. Well, it can be done, and you can get your price, or darned close to it, if you carry back the financing. In other words, you collect the    .. more …

I may not know you, but I’ve got a good idea about why you want to become a freelance writer.Is it something to do with spending your days doing what you enjoy doing, not having to take any hassle from your nightmare boss, spending more time with your family and less time in the office, earning a wage that is in proportion to the amount of work you put in… or something along those lines?However,    .. more …

Changing Jobs When better employment opportunities present themselves, it can be difficult to pass them up. You may, in fact, not want to. But if you’re set on taking advantage of low home rates in the near future, you need to stay with your current employer. Mortgage firms, just as any lending agencies, look favorably on long-term employment with a single company. It shows stability, and    .. more …

If you are looking for stop foreclosure help, the first thing you have to remember is not to panic. Though the time it takes to lose your home may vary from state to state, there are many options out there to help you stop your home from going into foreclosure. The most common means of stopping foreclosure is to involve an attorney through loan modifications or filing bankruptcy.Filing A    .. more …