One in 25 mortgage holder in arrears
Wednesday, March 16th, 2011ONE IN every 25 Irish residential mortgage holders is more than three months in arrears on repayments, according to figures published yesterday by the financial regulator. And almost 22,000 people are struggling with arrears of more than six months on their home loans.
The Home Loan Modification Program Brings Mortgage Aid To Struggling Homeowners
Wednesday, March 16th, 2011There have been many complaints about lenders and the home loan modification program as a whole from homeowners who are very upset with their experience in seeking a loan modification on their home. Many people have been using mortgage modifications as a way to get a more affordable mortgage payment during these tough economic times.
Mortgage Services III announces acquisition of Complete Mortgage Inc
Wednesday, March 16th, 2011Mortgage Services III LLC (MSI) has announced the expansion of its home loan division into the Greater Milwaukee area with the acquisition of Complete Mortgage Inc. of Sussex, Wis.
Bank of America Becomes Largest Mortgage Servicer to Join HOPE LoanPort
Wednesday, March 16th, 2011HOPE LoanPort(TM), the groundbreaking new web-based housing counselor tool that streamlines submission of completed loan modification applications, announced today that Bank of America, the nation’s largest mortgage servicer, has agreed to use its proprietary technology to partner with non-profit housing counselors to assist homeowners with loan modifications.
15-Year Mortgage Rate Falls Again: Can It Go Any Lower?
Wednesday, March 16th, 2011The average interest rate for a 15-year fixed-rate mortgage hit a new historic low on Friday — 4.20 percent, down slightly from 4.21 last week. The last time the 15-year rate was that low was August 1991, when Freddie Mac began its weekly survey.
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