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Wells Fargo Rules Mortgage Biz

Posted by mortgage 18 days ago (Editorial)
The nation's leading home lender, Wells Fargo & Company has achieved a milestone by recording the biggest market share in mortgage originations in the first quarter of 2012.
New rules are being considered by the Consumer Financial Protection Bureau to hold the mortgage industry more accountable to their customers.

New Rules Proposed for Mortgage Servicers

Posted by mortgage 42 days ago (Editorial)
The federal government is proposing new rules to make sure mortgage servicers treat borrowers fairly.
The banks and other firms that collect payments from mortgage borrowers and handle their defaults are drawing scrutiny from a new U.S. regulator, following widespread abuses in home foreclosures during the housing crisis.

Could new FHA rules help you refinance?

Posted by mortgage 58 days ago (Editorial)
President Obama announced this month a new initiative that will reduce mortgage insurance costs for borrowers who refinance their Federal Housing Administration (FHA) loans. The administration estimates that the program could help an additional 2 to 3 million homeowners refinance and lower their mortgage payments.
Mark Salerno Special to QMI Agency For most people, buying a home means taking out a mortgage. Knowing what to expect, and what lenders require, will help ensure the process goes smoothly. Before you start house hunting, it?s important to know how much you can afford to spend on homeownership.[...]
AP File PhotoThe foreclsoure rate is rising and so is the number of mortgage modification scams. A mortgage lender must list its own name and contact information, as well as that of the loan servicer, when initiating the foreclosure process...
You might never get the lowest mortgage interest rate ever. But with knowledge, timing and luck, you can lock in the lowest rate available while you're shopping. Mortgage rates fluctuate daily, making it hard to pinpoint the perfect moment to lock. To

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Mortgage How to Get is an informational resource about mortgage news and information.