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.
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 ..
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.
3 Steps to Deciding a 30- vs. 15-Year Mortgage
Posted by mortgage 19 days ago (Editorial)
The right answer will depend on your circumstances, but some factors play a role in deciding which way to go.
Wells Fargo's mortgage dominance worries regulators and investors
Posted by mortgage 19 days ago (Editorial)
With Bank of America and Citigroup taking a back seat, Wells is now originating 34% of all home loans. Some are worried that any distress at the San Francisco bank could roil the housing market. Wells Fargo & Co. has become so dominant in the mortgage business that major investors and federal regulators are worried that a financial hiccup at the giant bank could roil the already beleaguered real
Personal Finance Daily: Mortgage rates hit new lows
Posted by mortgage 19 days ago (Editorial)
Good news or bad news? Depends, perhaps, on what you do with it. Freddie Mac?s weekly survey of mortgage interest rates today reveals the rate on the 30-year fixed mortgage has hit a new low: 3.84% for the week ending May 3, down from 3.88% last week and 4.71% a year ago. As a matter of fact, all the rates surveyed hit new lows.
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