When June Snow first looked into refinancing her interest-only mortgage, she was told it would be impossible because the value for her three-bedroom, two-bath ranch style home was not in the necessary range.
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Mortgage Lender Residential Finance Corp. Explains Benefits of HARP 2.0
Posted by mortgage 6 days ago (Editorial)
Residential Finance Corp.?s David K. Stein 2012 Finalist for Top Corporate Counsel Award
Posted by mortgage 9 days ago (Editorial)
Residential Finance Corp. , a nationwide mortgage lender, announced today that David K. Stein, RFC?s co-founder, senior vice president and general counsel, has been selected as a finalist in Columbus Business First?s Top Corporate Counsel program.
Your Tax Dollars At Work: Former GM Finance Division To File For Bankruptcy
Posted by mortgage 12 days ago (Editorial)
The struggling subprime mortgage unit of Detroit-based Ally Financial Inc. may file for bankruptcy as early as next week. Ally, the nation's largest new car lender, is 74 percent owned by the U.S. Treasury as part of a $17.2 billion bailout.
With mortgage rates so low, how to swing a refi?
Posted by mortgage 13 days ago (Editorial)
As mortgage rates hit another record low, some homeowners ponder whether it's worth reaching into their savings to buy their way into the refinance craze. Others have the privilege of cashing out and reinvesting ...
Kenya's Housing Finance to develop houses
Posted by mortgage 14 days ago (Editorial)
NAIROBI (Reuters) - Kenya's sole specialist mortgage lender Housing Finance will develop a housing project in the next two years to create additional income from properties aimed at low and middle income earners, it said on Wednesday. The east African nation of 40 million people has a massive housing deficit with annual demand at 250,000 units against supply of around 60,000 units. Housing ..
30-Year Fixed Mortgage Rate Drops to New Record Low; Current Rate is 3.65%, According to Zillow Mortgage Rate Ticker
Posted by mortgage 14 days ago (Editorial)
SEATTLE -- The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 3.65 percent, down four basis points from 3.69 percent at this same time last week. This represents the lowest ...
3 Trends in Mortgage Finance for Spring 2012 (and Beyond)
Posted by mortgage 15 days ago (Editorial)
Experts say mortgage rates are likely to rise modestly while credit remains tight.
Business News: Paramount wins lender award
Posted by mortgage 16 days ago (Editorial)
Paramount Mortgage Co. Inc., has been selected Lender of the Year by the Missouri Housing Development Commission. The honor is in recognition of a lender's commitment to quality and efficient loan processing with the best average time from loan reservation to loan funding.
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