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Avatar Posted by admin 425 days ago (http://ep.bankrate.com)
Category: Mortgages
Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages -- a vital tool if you're about to buy a home. read more »
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Avatar Posted by admin 425 days ago (http://www.bankrate.com)
Category: Mortgages
This week, the House passed H.R. 1852, known colloquially as "FHA modernization" and officially as the "Expanding American Homeownership Act of 2007. read more »
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Avatar Posted by Mortgages 424 days ago (http://www.mortgagedaily.com)
Category: Mortgages
Wilbur N. Ross Jr. intends to bid on American Home Mortgage's servicing unit in bankruptcy court. The billionaire investor told MortgageDaily.com that now is the time to start his planned entry into the mortgage business. Ross said he had been studying the industry for more than a year before making the move to acquire the unit. read more »
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Avatar Posted by Mortgages 424 days ago (http://www.mortgagedaily.com)
Category: Mortgages
Countrywide Financial Corp. announced it has completed over 17,000 modifications so far this year. "Countrywide has the right tools, processes and staff to help homeowners avoid foreclosure," an executive said in the statement. The lender says it has "2,700 highly-trained home retention specialists." read more »
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Avatar Posted by Mortgages 424 days ago (http://www.mortgagedaily.com)
Category: Mortgages
Personal Financial Management and Image Masters Inc. sent a letter to its customers informing them that the company had declared bankruptcy. Borrowers were told to start making their mortgage payments directly to their mortgage lender. The company operated a scheme where homeowners borrowed equity from their homes for Personal Financial Management to invest. read more »
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Avatar Posted by Mortgages 424 days ago (http://ep.bankrate.com)
Category: Mortgage Advice
Check buyer's agent contract for obligation when finding home for sale by owner in another region, says Real Estate Adviser Steve McLinden. read more »
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Avatar Posted by Mortgages 424 days ago (http://www.quickenloans.com)
Category: Mortgages
A lot of attention has been paid to the Federal Reserve's decision on Tuesday to cut the Federal Funds Rate by a half percent - but what does this jargon mean for consumers? The answer can be complicated. read more »
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Avatar Posted by Mortgages 424 days ago (http://www.quickenloans.com)
Category: Mortgages
In an effort to curtail rising foreclosure rates across the country the Federal Housing Administration (FHA) recently announced its FHASecure program. read more »
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Avatar Posted by Mortgages 424 days ago (http://www.quickenloans.com)
Category: Mortgages
Homeowners who find themselves in a situation where they may eventually be facing foreclosure need to act fast. There are a few options that, if done soon enough in the process, can save a person money and most importantly their credit. read more »
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Avatar Posted by Mortgages 424 days ago (http://www.quickenloans.com)
Category: Mortgages
The Mortgage Bankers Association announced this morning that applications for mortgage loans slipped 4 percent last week when compared to the week prior. Quicken Loans Chief Economist Bob Walters says that applications have been negatively impacted by the recent tightening of credit. read more »
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Avatar Posted by Mortgages 424 days ago (http://www.quickenloans.com)
Category: Mortgages
The National Association of Realtors announced today that total existing home sales decreased 0.2% in July. Bob Walters, chief economist for Quicken Loans, says the decrease in sales, along with the largest inventory of unsold homes in 16 years, shows the market is still struggling to find solid footing. read more »
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Avatar Posted by Mortgages 424 days ago (http://www.quickenloans.com)
Category: Mortgages
The Mortgage Bankers Association announced this morning that applications for mortgage loans increased 1.3 percent last week when compared to the week prior. Quicken Loans Chief Economist Bob Walters says although mortgage standards have tightened, positive financing opportunities are still available for those who qualify. read more »
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Avatar Posted by Mortgages 424 days ago (http://www.quickenloans.com)
Category: Mortgages
The Federal Open Market Committee (FOMC, Fed) today reduced its Fed Funds Rate by a half percent. This was the first reduction of the rate in more than three years. read more »
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Avatar Posted by Mortgages 424 days ago (http://www.quickenloans.com)
Category: Mortgages
Some economists predict the financial markets will soon calm down, making jumbo loans available to consumers who qualify for them. In the meantime, anyone who needs a large mortgage should contact a mortgage professional and discuss all available options. read more »
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Avatar Posted by Mortgages 424 days ago (http://www.quickenloans.com)
Category: Mortgages
What happens when a mortgage company goes bankrupt is simply that the mortgages they own are sold to another mortgage company. Nothing else changes. read more »
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