Topic: mortgage

Posted on: Wednesday, March 3, 2010
Mortgage Applications Rise
Mortgage Applications Rise

Mortgage applications rebounded last week, particularly refis. Purchase activity remains subdued,

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Posted on: Wednesday, February 10, 2010
Loan Mod Score Card
Loan Mod Score Card

At the top of the list was Saxon Mortgage modifying half of its 72,709 eligible home loans. Of these 7.6% were made permanent with 9.1% washing out of the plan. Saxon was followed closely by CitiMortgage

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Posted on: Monday, February 8, 2010
Credit Cards Paid before Mortgages
Credit Cards Paid before Mortgages

It’s easy to pay off the highest interest obligations first, but be aware of the consequences of shortchanging specific bills if you are short of cash. It’s better to eat rice and beans, watching over the air TV, commuting by bus, than be homeless.

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Posted on: Wednesday, January 27, 2010
Downsizing Tax Credit
Downsizing Tax Credit

When President Obama extended the first time homebuyer’s tax credit, a new provision was added for long time homeowners. They now qualify for a credit of up to $6500 to buy a new home.

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Posted on: Wednesday, January 6, 2010
New Mortgage Rules 2010
New Mortgage Rules 2010
By Paul M. J. Suchecki
Tags: , , , ...
1 Comment

As of now, HUD requires that mortgage originators give supply prospective borrowers with a standardized Good Faith Estimate, GFE, in clear readily grasped language, that discloses key loan terms and closing costs.

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