Topic: second mortgage

Posted on: Monday, March 8, 2010
Second Mortgage Push
Second Mortgage Push

Congressman Barney Frank, the chairman of the House Financial Services Committee, sent a letter last week to the to chief executive officers of Bank of America, Citigroup, J.P. Morgan Chase and Wells Fargo, the four biggest US banks urging them in “the strongest possible terms to take immediate steps to write down these second mortgages.”

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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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Posted on: Monday, November 16, 2009
Home Equity Loan Primer
Home Equity Loan Primer

A HELOC is a credit line that a borrower would draw upon only as needed such as for an emergency repair. The credit line can be accessed through plastic or a check.

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