Instead of posting different blog entries, I bring you everything empassing financing in one complete guide. I hope you enjoy. Please don’t hesistate to contact me if you have any questions. – Toni 5 Tips for Deciphering Your Home Loan’s Good-faith Estimate Knowing how to read your good-faith estimate can help you save money on [...]
Posts under ‘loan’
`Buy and Bail’ Homeowners Get Past Loan Restrictions
Bloomberg News: Harvey Collier, a mortgage broker in Fort Lauderdale, Florida, says he gets as many as 10 calls a month from people planning to default on their loans. The twist: They first want financing to buy another home. Real estate professionals call it “buy and bail,” acquiring a new house before the buyer’s credit [...]
42,000 of California’s jobless will get help with mortgages
The U.S. Treasury Dept. announced yesterday it is providing additional funding to a California program to help homeowners struggling to make their mortgage payments due to unemployment. The program, administered through the California Housing Finance Agency (CalHFA) will assist struggling borrowers make up to six months of mortgage payments. Lenders will be asked to match [...]
Commercial/multifamily mortgage originations increase in Q2
Commercial and multifamily mortgage loan originations rose 1 percent in the second quarter of 2010 compared with the second quarter of 2009 and 35 percent on a quarter-to-quarter basis, according to a survey by the Mortgage Bankers Association (MBA). The one percent overall increase in commercial/multifamily lending activity during the second quarter was driven by [...]
NAR: More Credit Needed for Commercial Market
Testifying before a House panel yesterday, Jim Helsel, treasurer of the National Association of REALTORS® and commercial real estate specialist, told members that a strong commercial real estate sector is vital to millions of U.S. jobs and helps keep the national economy afloat. “As the leading advocate for private property rights, NAR believes it is [...]
Record Lows Continue for Mortgage Rates
The 30-year fixed mortgage rate fell to a new low of 4.54 percent this week from 4.56 percent last week and an average of 5.25 percent a year ago. The 15-year fixed loan rate also hit a record low of 4 percent, down from 4.03 percent a week ago and 4.69 percent last year. The [...]
Home prices increase 1.3 pct. in May from April
Yahoo Finance: Home prices rose in May for the second straight month as federal tax incentives pulled more buyers into the market. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday posted a 1.3 percent increase in May from April. Nineteen of 20 cities showed price gains month over month. Minneapolis and Atlanta [...]
5 Real Estate Scams You Need to Know About
Mortgage fraud is pervasive: An estimated $4 billion to $6 billion in annual losses result from mortgage fraud, according to FBI reports. “An entire community can be damaged by mortgage fraud,” says Rachel Dollar, a lawyer from Santa Rosa, Calif., and editor of the Mortgage Fraud Blog. Mortgage fraud can lead to a spike in [...]
