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)
Mortgage war gives borrowers an edge
Posted by mortgage 8 days ago (Editorial)
Existing and would-be home owners are being encouraged to "shop around" as banks slash mortgage rates.ASB last night became the latest bank to reduce its 12-month fixed home loan rate, down from 5.7 per cent to match Westpac and...
Residential Mortgage seeking Chapter 11 protection
Posted by mortgage 9 days ago (Editorial)
Ally Financial Inc.'s mortgage division known as ResCap is seeking Chapter 11 bankruptcy protection.The government-owned lender had been weighing a bankruptcy filing for Residential Capital LLC for some ...
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.
Amy Hoak's Home Economics: Mortgage borrowers face litany of questions
Posted by mortgage 9 days ago (Editorial)
As a home buyer or refinancer, you?d expect to submit recent pay stubs and bank-account statements when applying for a mortgage loan. But a copy of your college transcripts? Or a decade-old divorce decree?
Law Offices of Lance Denha Discuss the Impact of the New Foreclosure Wave to Hit Everyday Borrowers
Posted by mortgage 9 days ago (Editorial)
The Law Offices of Lance Denha explains, that while Subprime loans caused the initial foreclosure wave, that now, job losses, economy will create a bigger run(PRWEB) May 14, 2012 Recent statistical data released by RealtyTrac signals a change in the type of homeowners now being affected by foreclosure. While Subprime loans prompted a foreclosure boom earlier this decade, it is widely expected ...
UPDATE 2-Bernanke: Even worthy borrowers can't get mortgages
Posted by mortgage 10 days ago (Editorial)
* Post-crisis bank caution hurts mortgage lending * Bernanke sees no quick change in lending practices * Future of home-mortgage financing system murky (Recasts lead, adds details, quotes, background) ...
UPDATE 3-Bernanke-even worthy borrowers can't get mortgages
Posted by mortgage 11 days ago (Editorial)
* Post-crisis bank caution hurts mortgage lending * Bernanke sees no quick change in lending practices * Future of home-mortgage financing system murky (Adds quotes from U.S. housing secretary) May 10 ...
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