Mortgage | refinancing

The Bay Area ‘s premier mortgage broker highlights how HARP 2.0 changes can help owners of financially underwater California homes refinance their mortgages at today’s low interest rates. San Jose, CA (PRWEB) April 26, 2012 Introduced in 2009 under the Obama administration, HARP was designed to help homeowners who were up-to-date on their mortgage payments but still owed more than their homes’    .. more …

But what exactly is a subprime mortgage loan? How are they related to the current rise in foreclosures? And how can you protect yourself if you find yourself in need of a subprime mortgage loan? These are some of the questions we will answer in this article, a guide to subprime lending and loans.What is a Subprime Mortgage Loan?In this context, a subprime loan is a mortgage loan made to a borrower    .. more …

Mortgage principal reductions are in the news again as Bank of America announced this week that it will offer them to more than 200,000 borrowers. Should more widespread programs come, principal forgiveness is most likely to be offered to borrowers who are deeply underwater and who have already experienced some level of financial distress, just as Bank of America detailed earlier this week.But do    .. more …

There is a prerequisite to become a banker: you must be okay with taking peoples money. It may sound a little jaded, but it’s the unfortunate reality and represents the experience that most people will have when they start shopping for financial products at their local bank.Save yourself some time, aggravation, and stress: don’t do it. Your banker may be a friendly, upbeat, ethical individual,    .. more …

NEW YORK (CNNMoney) — Mortgage interest rates hit new lows this week as both the 30-year and the 15-year fixed-rates fell, according to a weekly survey by Freddie Mac. It was the second consecutive week that rates broke records.The 30-year, the most popular mortgage product, fell by 0.01 percentage points to 3.83%. Last year at this time, it stood at 4.63%. The new lows can save borrowers $46 a    .. more …

DALLAS, TX–(Marketwire -05/11/12)- Calyx Software, the preferred mortgage solution provider for banks, credit unions, mortgage bankers and brokers, announced the latest release of WebCaster, its affordable web site service that enables mortgage professionals to market their business online. The enhancements include eDisclosure, document request and collection, Google analytics, loan application    .. more …

Lenders are equally interested in joining the loan modification program, especially when they found out that they would be given cash incentives. The requirement for a lender is that he/she manages to successfully complete a loan modification, the homeowner respecting the payment schedule and meeting the new mortgage payments each month. The profits of the lender are sustained by these cash    .. more …

MARTIN COUNTY ” As part of its share of a settlement among five major banks, Bank of America is sending out letters this week to 5,000 customers offering to forgive a portion of their mortgage’s principal balance.The $25 billion settlement among the five lenders and 49 state attorneys general targets 200,000 underwater homeowners nationwide. Because the highest concentrations of those homeowners    .. more …

Different situations call for different solutions. The ultimate goal is to find the type of loan that addresses personal demands. A balloon home loan is one that might just be the right choice for you.A balloon home loan is a short-term mortgage with a fixed monthly payment and interest rate. The monthly fees are relatively small, and after a period of ten years or so, the remaining amount (which    .. more …

Old Republic International said in a recent regulatory filing that Republic Financial Indemnity Group will contain a credit indemnity insurer, three mortgage insurers and four related services entities.Al Zucaro, Old Republic’s chairman and chief executive officer, told analysts he expects the spinoff of the new company to be completed in July.A private mortgage insurer sells to residential    .. more …