All Entries Tagged With: "Mortgage Refinance"
Mortgage Rate Update: A New Record Low
As of today, August 2nd, 2010, the mortgage interest rates are practically quite maintaining its previous rate last week. The fact that a lot of mortgage lenders reported that rates hit all time lows it is now the case that the bulk of mortgage applications happen to be refinance applications. Currently, a 30-year fixed conventional [...]
California and Memphis Homeowners Sues Wells Fargo for Refinance and Loan Modification
Everyone are fully aware that Wells Fargo is one of the nations top mortgage lenders and the company now are very much informed what it means to be a big financial player quickly. Before the credit crisis occur, numerous Wells Fargo staffs told customers that the bank is fully capable in refinancing an adjustable rate [...]
FTC Unleashed Law that Bans Advance Fees From Some Debt Relief Companies
Last Thursday the Federal Trade Commission unleashed a new rule that bans certain fees that for-profit debt-relief companies charged to their consumers, as agency effort to put an end on abusive business practices. The new regulation, will be effective this September, would bar companies to transact and sell debt relief services through telephone from charging [...]
Home Foreclosures Filings Increased by 75% Due to High Unemployment Rates
The Internet and mainstream media are filled with reports stating that foreclosure filing have tremendously surged during the first half of the year. This is a results of the continues increase of high unemployment rates that caused foreclosure filings to jumped up to 75% in the first six months of 2010. Bad loans and bad [...]
Government Home Loan Modification Program will be Advertise on National TV
The fact that government home loan modification program helped more than one million struggling homeowners in the United States by lowering their monthly mortgage payments, the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD) are working to advertise their new program on the national television, mainstream media, and [...]
Housing and Urban Development and Department of Treasury Create National PSA for Home Affordable Modification Program
U.S. Department of Housing and Urban Development (HUD) in collaboration with the Department of Treasury declared today the national public service announcement (PSA) campaign to increase the raise awareness of the Making Home Affordable Loan Modification Program (HAMP). “We are proud to partner with the Treasury and HUD on this critical campaign to educate Americans [...]
Mortgage Rate Update: Another Low for 30-Year Rates
Daily mortgage interest rates dropped to the lowest level on record, today’s rate have been around 4.54% for the 30-year fixed for the the whole week, making homebuying and refinancing the most attractive in decades for those who can get loans. As of now, we are witnessing a drop to new July lows even though [...]
Mortgage Rate Update: 30 Year Fixed Mortgage Rates Moves a Bit Higher
Since last week the 10 year treasury rate yield has continued to go strong and moves higher making most of those in the mortgage market realize that 30 year fixed mortgage rates would soon follow its path as well. Currently, the 10 year yield was on its four day winning streak (or stable) but earlier [...]
Wells Fargo Sued for Predatory Lending Practices
President Obama spends a lot of time and focused on predatory lending business practice in his speeches relating to the Financial Regulatory Bill. A man resides in Charleston, West Virginia conducted a legal action against Wells Fargo after he claims the company engaged in predatory lending practices that put him into one adjustable home loan [...]
Home Loans Low Interests Rates Resulted in 30% increased in Refinance Mortgage Applications
The recent mortgage data indicates that the refinance mortgage applications increased by at least 30% over the past four weeks due to the fact that the latest interest rates are very low for home loans. According to Zillow.com 30 year fixed mortgage rates are as low as 4.37% in various areas. However, Mortgage Bankers Association [...]
