Mortgage
« Previous Entries Next Entries »Use Low Rate Mortgage to Maximize Home Purchase, Says Informa Research Services
Thursday, March 17th, 2011According to recent reports, mortgage rates have fallen for the first time in over a month. After jumping significantly a few weeks ago, they have now retreated back to record low levels, which could benefit first time home buyers and others who are in the market to purchase.
Mortgage Servicer Profits May Threaten Obama Housing Programs
Thursday, March 17th, 2011Mortgage servicers may have to take a pay cut to participate in President Barack Obama’s programs to modify home loans and advance the sale of properties in default.
U.K. Bankers Shunned by Mortgage Lenders Turn to Private Banks
Thursday, March 17th, 2011April 23 (Bloomberg) — Employees in London’s financial services industry are turning to private banks for luxury home loans as the biggest mortgage lenders are deterred by limits on cash bonuses.
Sales of new homes rocketed up 27 percent in March
Thursday, March 17th, 2011Sales of newly built homes shot up 27 percent in March — the largest monthly gain in nearly five decades — as mild weather and a lucrative tax credit pumped up demand for homes in all four regions of the country, according to federal data released Friday.
Mortgage Fraud Rises For Fifth Consecutive Year
Thursday, March 17th, 2011Mortgage fraud increased in the U.S. for the fifth consecutive year, according to the Appraisal Institute. The institute, an organization of 25,000 real estate appraisers, reported a 7% increase in fraud reports from 2008 to 2009. The increase was sizable but much smaller than the 20%-plus jumps the market saw each year from 2005 to [...]
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