Mortgage Newsletter (1/20/2012)

Posted in Uncategorized on January 19th, 2012 by Admin – Comments Off

Dear Mortgage4House.com Readers,

Welcome to the Mortgage Newsletter (1/20/2012). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.

Mortgage News

Mortgage foreclosure law revisions advised
Foreclosures in Hawaii have plummeted 53 percent since the Legislature passed sweeping mortgage legislation last year, officials said Thursday. (More)

Mortgage rate continues to hit new lows
The average rate on a 30-year fixed mortgage reached a new low this week, falling to 3.88 percent, according to data released Thursday by Freddie Mac . The average 30-year rate fell a fraction of a percentage point below last week’s 3.89 percent, the previous record low, and marks the seventh consecutive week in which the average has been below 4 percent. The average 15-year mortgage rate, which … (More)

Rate on 30-year mortgage down to record 3.88 pct.
The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so. (More)

Mortgage applications surge amid record-low rates
Mortgage loan applications surged 23% last week, according to the Mortgage Bankers Association, as record-low interest rates convinced many homeowners it was time to refinance into lower-cost loans. (More)

Has Obama’s Housing Policy Failed?
“I don’t think anyone could have done anything to stabilize the housing market,” said Ed Jacob, executive director of NHS Chicago, which provides homeownership and foreclosure prevention services. (More)

Rate cuts fail to raise consumer sentiment
The RBA reduced the cash rate by 25 basis points in November and again, by the same amount, in December. (More)

Mortgage Articles

Home Loan – Common Reasons Why You Should Get a House
The thought of finally getting a home loan and having a house may seem like a distant dream for some. However, the American Dream is now more possible than ever. (More)

FHA Streamline Refinance – Net Tangible Benefit
Discussion of the FHA Streamline Refinance. FHA describes a net tangible benefit as a reduction of principle, interest, and mortgage insurance payments by 5%. That’s $1.8 Billion back in the pockets of everyday homeowners, instead of sitting in the coffers of banks, bond holders, and Wall Street traders. (More)

Financial Solutions by an Efficient Mortgage Broker
In the selection of financial advisor or mortgage broker, final decision is yours. In this regard, you need to arm yourself with thorough understanding and knowledge about services to take help of right service provider. … (More)

New Jersey home mortgage loans: look out for the right provider
The need for New Jersey home mortgage loans can arise at any point of time and thus having the right access to the best kind of sources for the same is important. Though there might … (More)

What Is a Debt-To-Income Ratio (DTI) and Why Is It Important?
One of the most important qualifying criteria in the mortgage industry is the debt-to-income ratio, or DTI. Your DTI is critical for an underwriting decision because it indicates your capacity, or ability, to repay a mortgage loan. (More)

This newsletter is provided by Mortgage4House.com.

Mortgage Newsletter (1/12/2012)

Posted in Uncategorized on January 12th, 2012 by Admin – Comments Off

Dear Mortgage4House.com Readers,

Welcome to the Mortgage Newsletter (1/12/2012). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.

Mortgage News

Homeowners Victimized By Loan Mod, Forensic Audit and Foreclosure Prevention Scams | FHA Mortgage
Falling behind on mortgage payments has resulted in a nightmare scenario for many homeowners. The economic mess that our country has fallen into since the housing bubble burst in 2006 has produced the double disaster of unprecedented unemployment along with collapsing home values. (More)

Closing Transactions in a Turbulent Mortgage Market
Seasoned mortgage banker Matt Weaver with WCS Lending has been through the volatility of the mortgage industry over the past several years and has learned what it takes to thrive. (More)

Bumpy earnings season ahead for banks
You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. (More)

Assuming a Mortgage: Who Should Do it and Why?
The practice of assuming a mortgage can be beneficial to homeowners and buyers alike–but it only makes sense in certain situations.  (More)

More lenders added to Calif. mortgage-aid program
More financial help is on its way to those fighting to remain in their homes throughout the state, including the San Diego region. (More)

MetLife says exits forward mortgage business
BOSTON (Reuters) – MetLife will shut down its mortgage operations, the largest U.S. life insurer said on Tuesday, giving up on the unit three months after it said it would seek a buyer. MetLife has been trying to shed assets like its bank and mortgage operations in order to reduce regulatory scrutiny and focus its operations on insurance and annuities. Last year the Federal Reserve blocked the … (More)

Mortgage Articles

Homebuilders Bringing in the Extended Family System!
Although this does sound strange, yet, home-builders are cashing their options by bringing in the extended family concept which seems to be working just fine for families where both the spouses are working. Mortgage rates of today do not seem to be much convincing which is the real reason why home-builders have resort to certain tricks and tactics to keep their business moving and popularizing the idea of extended families seem to work wonders for their business. (More)

Mortgage Loans – Mortgage Brokers Help You Prequalify!
Mortgage brokers will help you prequalify for a mortgage and negotiate the best terms on a mortgage loan, whether you’re a first time home buyer or experienced in real estate investment. First time home buyers might be surprised how fast a deal moves in a busy real estate market and mortgage loans can take a little time to organize. An experienced realtor will advise you to use a mortgage broker to prequalify for a mortgage loan so that you can move quickly when buying a house. (More)

Everything Seniors Need to Know About Reverse Mortgage Rates
As with any type of loan, a borrower’s interest rate will have a significant impact on his or her reverse mortgage. Reverse mortgage rates affect borrowers’ proceeds and payment options, as well as the overall … (More)

An introductory on Reverse mortgage NY
You may have heard a lot about reverse mortgage NY, but may not have the right information about it. You will even find a lot of information on television regarding the different companies which would … (More)

There Are Many Types Of Home Loans Being Sold Today
There are many different types of home loans being sold by modern banks, and sometimes a prospective homeowner can become overwhelmed by the sheer volume alone. Even somebody that has owned a home in the past might have only dealt with one type of loan and might not be all that familiar with other lending practices. (More)

This newsletter is provided by Mortgage4House.com.

Mortgage Newsletter (1/5/2012)

Posted in Uncategorized on January 5th, 2012 by Admin – Comments Off

Dear Mortgage4House.com Readers,

Welcome to the Mortgage Newsletter (1/5/2012). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.

Mortgage News

Streamline FHA Refinance Reduces Payments With Reduced Paperwork | FHA Mortgage
The FHA has a special refinance program that can reduce a homeowner’s monthly mortgage payment. Under the FHA Streamline Refinance program, a borrower is allowed to refinance to a lower rate with greatly reduced documentation requirements and easier underwriting rules. (More)

Mortgage Approvals Reach Two-Year High
Loan approvals for house buying rose to 52,854 in November, reaching a total value of 7.6bn, according to figures from the Bank of England. (More)

Authorities Want Woman To Give Up Password
Federal prosecutors are asking a judge to force a woman to give them her computer password as part of an investigation in a bank fraud case. (More)

Mortgage lending ‘still stagnant’
Mortgage lending to home buyers is likely to keep on stagnating in the coming months, figures from the Bank of England suggest. (More)

Mortgage approvals hit near two-year high
Mortgage approvals rose to a near two-year high in November, defying increased funding pressures on banks caused by the eurozone debt crisis. (More)

Mortgage Articles

Buyers Willing, Sellers Hesitant
A few years ago, a friend of mine told me he was reluctant to buy a home because the housing market was bad. He was worried about overpaying for a house – one that might decline in value to the point where he couldn’t resell it and come out ahead on the deal. (More)

What Is a Reverse Mortgage Loan?
By now, most adults have heard of reverse mortgages, but many are uncertain as to what these loans entail. What is a reverse mortgage? In a nutshell, these loans are unique loans designed to help … (More)

Best Way To Secure A Loan Modification
If you are facing mortgage debts or the threat of foreclosure you may have begun looking into your options. While short sales and refinancing offers may be on the table, consider all of your options. … (More)

Finding Low Mortgage Rates With Mortgage Brokers
Committing to purchasing a new home is one of the biggest decisions you will make in your life. Most people can not afford to pay cash for a home so they take out a mortgage to fund the place. Finding a bank that will give you a loan can be tough, especially when dealing with large sums and interests rates. (More)

This newsletter is provided by Mortgage4House.com.

Mortgage Newsletter (12/28/2011)

Posted in Uncategorized on December 27th, 2011 by Admin – Comments Off

Dear Mortgage4House.com Readers,

Welcome to the Mortgage Newsletter (12/28/2011). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.

Mortgage News

US mortgage delinquencies to slide further next year
Mortgage delinquency rates in the US are predicted to decline in the last three quarters of next year, after hitting a high of 6.02 percent in the first quarter of 2011, according to TransUnion. (More)

Obama nominates 2 to Federal Reserve Board
A vacationing President Barack Obama on Tuesday nominated a Harvard University professor and a former Treasury official under President George H.W. Bush — a Democrat and a Republican — to the Federal Reserve Board of Governors. (More)

Home Values Declined More Than Expected
U.S. home prices fell more than expected in October as foreclosures continue to drag down the housing market, the S&P/Case-Shiller index reported Tuesday. (More)

Survey: Mpls home prices among nation’s biggest monthly declines
U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy and weigh on the broader economy in 2012. (More)

12 mortgage moves for you to buy home in 2012
Grabbing a mortgage loan has become a challenging task in recent years. Don’t expect that to change anytime soon.Lending standards will remain tight in 2012, but that doesn’t mean you won’t be able to … (More)

Bankrate: Mortgage Rates Remain in Record Territory
NEW YORK , Dec. 22, 2011 /PRNewswire/ — The 30-year fixed mortgage rate ticked higher from last week’s record low to 4.2 percent, but is at the second-lowest level on record, according to Bankrate.com’s … (More)

Mortgage Articles

Is a Cottage Mortgage Right for You?
A Cottage Mortgage Might Be Right – With the Help of a Good Mortgage Broker. Buying a cottage can be an exciting proposition, but by the same token, it can also be a daunting one. In today’s marketplace, there are more hidden pitfalls to property purchasing than ever, just waiting to ensnare an unsuspecting buyer. (More)

Home Valuation Code of Conduct
The Home Valuation Code of Conduct (the HVCC) offers a set of rules for the most ethical manner in which mortgage lenders (such as banks) are able to act when they commission the appraisal of … (More)

Mortgage Services Truth Quality & Integrity
To let your mortgage process go easily, you’re required to get help of firm for whom quality, truth and integrity are the priorities. For this, you can compare among the services of leading mortgage firms … (More)

Where’s the Promised Government Loan Money (HARP) for Distressed Homeowners?
WHERE’S THE HARP MONEY?Since 2007, when the American housing bubble burst, untold numbers of homeowners have found themselves in the dire dilemma of seeing the value of their homes sink below the amount they owe … (More)

What Is a Let To Buy Mortgage?
Let To Buy mortgages are a mortgage product designed to help those who wish to move but find it hard to sell their property. Let To Buy mortgages allow customers to borrow the money to buy a new home, whilst renting their current property out to tenants. (More)

This newsletter is provided by Mortgage4House.com.

Mortgage Newsletter (12/19/2011)

Posted in Uncategorized on December 19th, 2011 by Admin – Comments Off

Dear Mortgage4House.com Readers,

Welcome to the Mortgage Newsletter (12/19/2011). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.

Mortgage News

NY, federal office to cooperate in mortgage probes
Attorney General Eric Schneiderman and Steve Linick, the inspector general of the Federal Housing Finance Agency , have signed an agreement to share documents and findings. (More)

US homebuilders less gloomy despite few buyers
In this Nov. 22, 2011 photo, construction worker Will Capper works on a new house in Palo Alto, Calif. (More)

New Rules On Mortgages To Stop Risky Lending
Home buyers could face tougher borrowing conditions when applying for a mortgage under new plans to reform the lending market. (More)

Mortgage curbs mean fewer loans for the over-50s
The over-50s face a crackdown on mortgages under wide-ranging new plans to stop irresponsible lending, the financial services regulator will announce today. (More)

Mortgage Articles

Consider Annuity Rate before Planning For Retirement
For the retired personnel, annuity has appeared to be one of the most effective means of offering finance to them after their retirement. If you are really planning for your retirement in recent times, annuity … (More)

Deferred annuities – peace of mind for the retirement period
Deferred annuities are probably the safest option to choose for security for the retirement years. Many people start planning for their retirement from very early stages of life. These people usually have foresightedness and know … (More)

Reviewing Annuity Calculator and Immediate Annuity
Investment in annuities is said to be the best investment plan for retirement because it is safe and helps the people to get an additional income after retirement. However, in order to get the best … (More)

Home Loans With Bad Credit and the Information Every Applicant Needs to Understand Them
Getting home loans with bad credit is not impossible, but there is some valuable information that can help to make the application all the more likely to be approved. Knowledge, after all, is power. (More)

This newsletter is provided by Mortgage4House.com.

Mortgage Newsletter (12/12/2011)

Posted in Uncategorized on December 11th, 2011 by Admin – Comments Off

Dear Mortgage4House.com Readers,

Welcome to the Mortgage Newsletter (12/12/2011). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.

Mortgage News

Mortgage help line up and running
WASHINGTON — Got a beef with your mortgage lender? Is your bank unresponsive when you complain that your escrow account is fouled up and making your monthly payments needlessly high? (More)

A third ‘to run up Christmas debts’
The YouGov study found 31% will go into some form of debt during the festive period, which could include taking out a personal loan or borrowing from friends and family. (More)

Long-term jobless eye bleak future as benef…
George Parks has been out of work for 21 months and his unemployment benefits will run out at the end of the month. (More)

Immigrant cleaner leads revolt against Spanish mortgage trap
Spain , where she works as a cleaner, Quinatoa is leading a rebellion against banks that have left hundreds of thousands facing destitution.Her latest move is to have a bill in the Ecuadorean parliament that will declare punitive Spanish mortgages illegal and allow her countrymen to escape the debt collectors by returning home. (More)

Mortgage lending wilted in autumn
Mortgage lending was squeezed further in October, with 10% fewer home loans given to first-time buyers, UK lenders say. (More)

Bad credit mortgage alternatives
You must start with the basics — paying your bills on time — but there are other alternatives for people with bad credit trying to buy a house (More)

Mortgage Articles

Can A Senior Lower Reverse Mortgage Cost, Are Better Terms Ahead
Have you also thought, that some other economic time is better and you could lower the reverse mortgage cost? Have you thought, that the accrued costs, like interest rate, will be decreased in the future?The … (More)

Do Your Own Research Property to Find Out the Best Mortgage Rates Vancouver
Mortgages are a sort of secured loans which are provided to people with a home loan requirement. Good news is that people with a bad credit can also apply for these loans to get their … (More)

Get a Mortgage Loan With Bad Credit If You Meet These 3 Qualifications
Finding mortgage loans with bad credit can be a tricky business. However, if you meet the three qualifications outlined in this article, you will be well on your way to owning your own home. (More)

Things You Need To Know When Finding a Contractor Mortgage
Sourcing a mortgage in today’s economic climate is becoming ever harder for a range of different people. One particular group that stand out are IT Contractors, this is because they don’t fit the standard mould for most high street lenders lending criteria. (More)

Your Guide to Mortgage Company Selection
Finding the right residential mortgage lending company to fit your needs can be quite the challenge. Not only do you want to get a good rate locked in for your mortgage loans, but you also … (More)

This newsletter is provided by Mortgage4House.com.

Mortgage Newsletter (12/4/2011)

Posted in Uncategorized on December 4th, 2011 by Admin – Comments Off

Dear Mortgage4House.com Readers,

Welcome to the Mortgage Newsletter (12/4/2011). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.

Mortgage News

Feds target HAMP scammers bilking owners
Once again, mortgage servicers are hitting ordinary New York homeowners where it hurts. (More)

Welcome to the Wilmington News Journal, Wilmington, Ohio
Clinton Memorial Hospital Diagnostic Services is recognized by the American College of Radiology as a Breast Imaging Center of Excellence. (More)

Mortgage firm pulls business from state
GMAC Mortgage, one of the nation?s leading lenders, said yesterday that it will end most of its mortgage business in Massachusetts, a day after Attorney General Martha Coakley sued the company and four other major financial firms over their role in the foreclosure crisis. (More)

GMAC halts some mortgage loans in Mass.
Washington -The mortgage unit of Detroit-based lender Ally Financial Inc. has halted servicing new loans in Massachusetts, one day after the bank and four others were sued by the state attorney general’s office. (More)

GMAC ends most Mass. mortgage lending after suit
One day after it was among five major banks sued by Massachusetts over deceptive foreclosure practices, GMAC Mortgage said Friday that it will stop purchasing new mortgage loans written by third parties in the state. (More)

Mortgage Rates Remain Near Standstill
Will mortgage rates stay low through the election, or rise in a stock rally? Take a guess. (More)

Mortgage Articles

Finding Best Auto Insurance Rates Becomes Easier
To make it more comfortable for the customers to get the right car insurance rates, many car insurance companies offer policies that include the road drivers to meet the criteria of low premium rates. These … (More)

Mortgage Lenders – Top Five Reasons A Mortgage Broker Is Better Than A Bank
This article was written to explain the advantages of working with a mortgage broker. There are several advantages of working with a mortgage broker over working with a local bank. This article will address a few of these advantages. (More)

Mortgages for Those With Bad Credit – Consider Credit Repair
Mortgages for those with bad credit can be helpful for those eager for home ownership. Make sure you qualify, but also consider credit repair before you apply. You could save yourself thousands of dollars. (More)

Do You Have A Foreclosure Plan?
Even if you haven’t experience financial hardship or the threat of foreclosure, it is never too late to have a game plan. Often times, unforeseen circumstances arise that can quickly take you down a path … (More)

Live your dream with sound mortgage advice.
Owning your own home – this is everybody’s dream. Individuals or couples strive hard to have a home to call their own, and they work endlessly to make this dream a reality. Mortgages are often … (More)

This newsletter is provided by Mortgage4House.com.

Mortgage Newsletter (11/27/2011)

Posted in Uncategorized on November 27th, 2011 by Admin – Comments Off

Dear Mortgage4House.com Readers,

Welcome to the Mortgage Newsletter (11/27/2011). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.

Mortgage News

On the House: Learn to love the mortgage you have
In a recent “Ask Al” online chat at Philly.com, a reader posed the $64,000 question: What’s the point of interest rates being as low as 3.9 percent when no lender seems all that eager to give you a mortgage, or to refinance the one you have? (More)

Polk County Mortgage Foreclosures
These are mortgage foreclosures filed with the civil division of the Circuit Court in August. Names in bold are the subject of or have an interest in the foreclosure action. Lighter names filed the foreclosure action. (More)

Cal Thomas: Nobody’s perfect for president, so choose wisely
Now it’s Newt’s turn. Having risen to the top in some opinion polls, the former speaker of the House is taking heat for large consulting fees paid to him by the government-sponsored mortgage company Freddie Mac for wisdom a New York Times editorial said was so simplistic it might have come from a fortune cookie. (More)

Newcastle Big Home Saver: Take out a mortgage and get up to a 1,000 cash reward
Newcastle building society has launched a new savings account which aims to help people take their first step on the property ladder. (More)

Scottish mortgage lending lags UK
New data suggests mortgage lending in Scotland rose in the third quarter, but at a much lower rate than the UK as a whole. (More)

Denmark Split Over Mortgage Risks as $90 Billion Auction Starts
Denmark’s mortgage-bond industry is split over the risks facing its lenders as the country tries to attract investors to a $90 billion auction in the securities starting this week. (More)

Mortgage Articles

Foreclosure Listings
The current economic climate has seen increasing purchases of foreclosure listings. This is because more and more homeowners are defaulting on their mortgage loans to hard economic times. When going through the property foreclosures listing … (More)

Personal Instalment loan Bad Credit ?EUR” Availing Cash With Bad Credit Is Possible
The people who have the USA citizenship can apply for this scheme and this is said because no one else citizens can apply for this scheme. This is the first and basic requirement for this … (More)

Finding a good lender is most crucial in mortgage process
For you, the borrower, the challenge is not to find a mortgage lender but to find the person who is truly a genuine one and who can meet your requirements in the best way. In … (More)

Borrowers Lose Tens of Thousands of Dollars in Unnecessary Mortgage Expenses
Most borrowers do not know how to shop and select the best mortgage matching their needs. Proper mortgage planning and understanding the difference between the “interest rate” and the “interest cost” can save you tens of thousands of dollars in interest payments. (More)

A Valuable Tool for Loan Applicants: Reverse Mortgage Calculator
Reverse mortgage consists of different types of charges associated with it. The overall costs for this mortgage can be determined with the help of a reverse mortgage calculator. This is a great way for people to ensure that this type of a loan is right for them. (More)

This newsletter is provided by Mortgage4House.com.

Mortgage Newsletter (11/21/2011)

Posted in Uncategorized on November 21st, 2011 by Admin – Comments Off

Dear Mortgage4House.com Readers,

Welcome to the Mortgage Newsletter (11/21/2011). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.

Mortgage News

For Retirees, Selling Pensions A Risky Bet
In today’s tough economy, many people are doing whatever they can to make it through one more mortgage payment or survive other financial hardships that have reached their doorstep. (More)

Bid to kick-start housing sector
A A 400 million fund to kick-start housebuilding is set to be announced as part of Government plans to solve Britain’s housing crisis. (More)

Gray
The average rate on the 30-year mortgage stayed hovered above the record low for a third straight week. (More)

Gingrich brushes off Freddie, leads Republi…
Presidential candidate Newt Gingrich has roared into the lead of the Republican nominating race, brushing off concerns about his work for a troubled housing company, a Reuters/Ipsos poll showed. (More)

New mortgage options emerging
A loan modification program and other dynamics allows underwater homeowners to make deals with key lenders. (More)

Mortgage rates remain low as HARP retools
Mortgage rates continued to hover near record lows this week, reflecting the efforts of the Federal Reserve to reduce long-term interest rates and the effects of a flood of cash fleeing the European debt crisis. (More)

Rate on 30-year mortgage ticks up to 4 percent
The average rate on the 30-year mortgage hovered above the record low for a third straight week. But cheap mortgage rates have done little to boost home sales or refinancing. (More)

Mortgage Articles

Mortgages As Necessary Strategies Of Receiving Financial loans On Real- Estate Homes
A mortgage loan or borrowing provides an important technique of saving an enormous expense on something and in lieu of paying for it in tiny sums. One of several hottest types of loans arrives in … (More)

Tips for a First Time Buyer Looking for a Home in Ireland
When you are looking for that ideal location for your first home in Ireland, there are a few things to know before you jump into buying anything as a first time buyer. Here are some … (More)

How to Get Mortgage Refinancing With a Hardship Letter
Mortgage refinancing is a process that you can educate yourself on and ‘knowledge is power’. If you want to keep your mortgage from going into foreclosure you can refinance the mortgage. A lot of the lenders are going to ask for a hardship letter from you telling them why you want to refinance your home. (More)

Loan Modification Calculation
This article will explain the basic calculation that banks are using to approve homeowners for Obama’s loan modifications program called the Making Home Affordable Program. The program has been designed to help millions of Americans, to stay in their homes and avoid foreclosure. (More)

REASONS TO USE A MORTGAGE BROKER
BACKGROUNDIn Canada, the mortgage broker profession arose in the 1960s to meet the demand of consumers who did not qualify for a mortgage from their bank. Traditionally, brokers assisted those individuals for whom mortgage financing … (More)

This newsletter is provided by Mortgage4House.com.

Mortgage Newsletter (11/14/2011)

Posted in Uncategorized on November 13th, 2011 by Admin – Comments Off

Dear Mortgage4House.com Readers,

Welcome to the Mortgage Newsletter (11/14/2011). In this edition we have included news, articles and videos. You can find more resources on our website: Mortgage4House.com.

Mortgage News

Cities with the fewest underwater homeowners
President Obama recently announced he would extend the nation’s mortgage refinancing program in an effort to provide relief to homeowners whose mortgages are worth more than the value of their homes. (More)

5 worst U.S. housing markets
The housing market has been in a serious slump since the Great Recession of 2008. (More)

#8 – Getting By: From duty and country to foreclosure and food stamps
Retired Navy weather forecaster Clara Cole and her daughter, Lusia, 11, came close to losing their home in Odenton when Cole had trouble finding a job. (More)

Jumbo mortgage holders pose highest risk of strategic default
A high number of jumbo mortgage owners — many located in high-cost markets hit by real estate deflation over the last several years — are stuck with persistent negative equity, a study shows. Do you have a big mortgage and good credit scores but not much equity — maybe you’re even underwater? Do you see little chance that your home’s market value will improve a lot during the coming three to … (More)

Mortgage modification may remedy foreclosure crisis
Based in federal bankruptcy court, the program offers relief for borrowers and lenders, and is on its way to Southwest Florida. (More)

State offers mortgage information program
Gov. Dannel P. Malloy and Attorney General George Jepsen sense a thawing among large national banks and expect that it might now be easier for thousands of Connecticut homeowners to negotiate loan modifications. (More)

Rate on 30-year mortgage below 4 pct. for 2nd time
The average rate on the 30-year fixed mortgage fell below 4 percent for just the second time in history. (More)

Mortgage Articles

Compare mortgage rate intelligently and not hastily
Planning to buy your dream house or are you a newly married couple who is keen to purchase their first property. In all the cases, the common factor has to be mortgage. Surely, this arrangement … (More)

Get a Decent Loan – Study the Pros & Cons of Reverse Mortgages in Canada
Many Canadians try to consider about improving their retirement income through getting a reverse mortgage. Lately, the available choices for these particular loans are enormous. These are the mortgage and finance world hottest trend. On … (More)

Second Mortgages Mean Cash in Your Pocket
We all have moments where a little extra money would go a long way. Job loss, pressing repairs around the house, and other situations that require a little more money than you currently have at … (More)

How To Find The Best Mortgage Rate
For many people the ability to own their own home is a lifelong dream. For the majority of those people, though, it is not possible to simply purchase a house straightaway. This is where mortgages come in. There are some simple steps that may be taken to ensure that you get a good mortgage rate quotes. (More)

How to Go About Getting the Best Mortgage Rates
Finding the best mortgage rate can prove to be very challenging to most people and even organizations. A mortgage is an investment and requires a lot of considerations to be laid down before the actualization stage or the implementation of the project for any successful venture. Whether you are buying your first home or refinancing an existing one, it’s always wise to define the options in place so as to come up with the best mortgage rate which can earn you the value for your money. (More)

This newsletter is provided by Mortgage4House.com.