Rate rise could be shocking for borrowers
Sunday, March 13th, 2011Mortgage borrowers benefiting from record low interest rates could be in for a rate shock next year. Experts warn that interest rates could start climbing from next spring, leaving borrowers on variable rates forced to dig deeper to meet monthly mortgage commitments. There are several tactics borrowers can adopt to ease the effect of future [...]
Signs of foreclosure paperwork problems were missed, FDIC chief says
Sunday, March 13th, 2011Chairwoman Sheila Bair says shifts such as a significant drop in mortgage service fees should have raised questions. The admission comes as federal banking agencies conduct an investigation. Reporting from Washington —
Investors sue Citigroup over toxic mortgage bonds
Sunday, March 13th, 2011Citigroup Inc. is being sued by big investors that bought the bank’s toxic mortgage bonds during the run-up to the financial crisis.
Save Money By Paying More On Your Mortgage
Sunday, March 13th, 2011Buying a home is everyone’s dream, and it’s very common for people to take on 30-year loans to make that dream come true. Taking on 360 months worth of payments requires a large commitment, especially since most of the money you pay in the beginning is going toward interest.
How to save money with Energy Efficient Mortgages – Part 1 of 2 – ‘Green’ FHA loans
Sunday, March 13th, 2011Energy Efficient Mortgages have not been used or talked about much, because many loan officers and or lenders don’t know much about them. One could easily associate this type of mortgage with a FHA 203-k loan.
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