Mortgage | refinancing

WASHINGTON – President Obama is rallying support for his plan to expand government assistance to homeowners, pressuring Congress to help lower lending rates for millions of strapped homeowners.Obama, in his radio and Internet address Saturday, urged the public to “get on the phone, send an email, tweet,” and visit with their lawmakers about his housing proposal to lower lending rates for    .. more …

SANTA MONICA, Calif.–(BUSINESS WIRE)– Anworth Mortgage Asset Corporation (NYSE: ANH – News ), a real estate investment trust (REIT), announced today tax information regarding its dividend distributions for the fiscal year ended December 31, 2011. Stockholders should check the tax statements they receive from brokerage firms to ensure that the Anworth dividend information reported in those    .. more …

Since the fall of the banking industry over the last few years, it has become harder for people to find credit. The problem has been made worse by the fact that most banks brought this problem on the industry by making subprime mortgages. Financial institutions are no longer making these types of mortgage loans and many facing bad credit are finding it very hard to find a mortgage lender. When    .. more …

Feb. 2 (Bloomberg) — Anthony Andrade was forced to rent the San Antonio, Texas home he planned to buy after Bank of America Corp. approved a mortgage and then scuttled three closings over two months with last-minute document requests. “It was crazy,” said the 54-year-old Army veteran whose travails ended Jan. 10 after he switched to a local mortgage broker who got the loan backed by the    .. more …

NEW YORK, NY–(Marketwire -02/03/12)- Expectations for Mortgage Insurers remain poor in 2012 as significant weakness remains in the jobs and housing markets. In late January, SP lowered its outlook on three mortgage insurers — MGIC Investment Corporation, Genworth Financial and Radian Group — explaining that its outlook on both the parent and mortgage insurance segment remains negative. Five    .. more …

CHARLOTTE, N.C., Feb.2, 2012 /PRNewswire/ –Despite historic lows, LendingTree says that lending institutions continue to hamper housing market growth by restricting access to credit.(Logo: )According to the LendingTree Monthly Mortgage Review – which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network, offers an industry overview and provides an outlook for    .. more …

WASHINGTON — The two largest players in home mortgages, Fannie Mae and Freddie Mac, are directing mortgage servicers to either suspend or reduce required monthly payments for a specific period when a borrower can show the loss of a job.Servicers may grant a half year of reduced or suspended payments without obtaining permission in advance. If unemployment continues beyond six months, and if the    .. more …

WASHINGTON (Reuters) – About one million American homeowners would get writedowns in the size of their mortgages under a proposed deal with banks over shady foreclosure practices, U.S. Housing and Urban Development Secretary Shaun Donovan said on Wednesday.The deal, which could be struck within weeks, would mark the largest cut in the mortgage load since the start of the credit crisis.”We’re very    .. more …

Getting Ready to Buy a HomeSearch Buying a brand new house is a very thrilling and great time in one’s life. There’s a lot work that must be done to ensure you get a great home. When planning to buy a home, you will need to be aware that it is going to be a large and costly life investment so it is to your benefit to start early so you can find out what you have to do to buy a    .. more …

The state of Georgia boasts of a highly developed textile industry, aircraft, groceries and chemical industries says Harry Coker. Coal is found in abundance in the state of Georgia which has boosted power generation resulting in more than adequate supply of electricity in state. These factors has triggered the demand for houses and mortgage in the cities. A surge in the economy and availability of    .. more …