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Mortgage Borrowers
This is still a great time to refinance investment property. here’s why
The repayment costs depend on the terms of the loanLet's say an investor has a loan of $ 250,000 over fifteen years at an interest rate of four percent. She will have a monthly payment of $ 1,849. With a thirty-year loan, she will have a…
Mortgage rates rose this week | September 18 and 19, 2021
Mortgage rates were higher at the end of the week than at the start, with the average 30-year fixed-rate purchase loan rate rising to 3.256%. Mortgage refinancing rates are also higher, with the 30-year rate standing…
New mortgage rule aims to end preventable foreclosures
The Consumer Financial Protection Bureau (CFPB) announced a new rule to help prevent foreclosures in situations where they can be avoided. The new rule, which came into effect Aug. 31, requires most mortgage agents to help forborne…
American Mortgage Insurers: Hispanic Homeownership – How Growing Hispanic Population Is…
WASHINGTON, September 17 (TNSRep) - The we Mortgage insurers released the following news:
September 15th marks the beginning of Hispanic Heritage Month, and it is an opportunity to recognize the significant contributions and influence of…
September 16, 2021 – No movement on mortgage rates – Forbes Advisor
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors.
For anyone in the…
Columbia-Based Mortgage Lender Moves Headquarters to Vista> Columbia Business Report
Resource Services Financiers Inc. acquired 708 Lady St., the former location of Caroline Ale House, which will be redeveloped into its new headquarters.
Bruce Harper, Managing Partner of Trinity Partners, represented the…
Major defaults improve for non-preferred mortgage borrowers
Figures for late-stage delinquency treatment rates in the securitized subprime mortgage market improved significantly in the second quarter, suggesting collection rates are strong even for non-traditional borrowers.The overall 90-day…
‘Lying’ loans on the rise as subprime mortgages drive home prices soaring
Australian house prices have jumped nearly 20% over the past year, and investment bank UBS has warned that a record level of "lying loans" as buyers "chase the market" could be one of the reasons.Key points:Record 41% of loan applications…
Angel Oak continues to expand with four new branches
Angel Oak Home Loans announced the opening of four new branches in Tampa, Florida; Newport Beach, California; Las Vegas, Nevada; and Hillsborough, North Carolina. The new Angel Oak offices mark the lender's 10th, 11th, 12th…
Financial planner shares advice to reverse mortgage professionals on getting referrals
Reverse Mortgage Professionals understand the need to build an extensive roster of potential referral partners from a multitude of different professions, but one professional class that has generated a lot of interest over the past…