The Federal Reserve today approved an interim rule that will require mortgage lenders to disclose examples of how a mortgage loan’s interest rate and monthly… Read More »New Disclosure Rules for Adjustable Rate Mortgages
Refinance demand fell for the sixth straight week, indicating an end to the boom that began in early 2009, according to the latest survey from… Read More »Is the Refinance Boom Finally Over?
Wells Fargo announced today that former Wachovia Pick-A-Payment mortgage customers in California may be eligible to receive principal balance reductions for making on-time mortgage payments… Read More »California Pick-A-Payment Customers to Receive Mortgage Assistance
Here’s a shocker. Only about 40 percent of borrowers obtain more than one mortgage quote, according to a survey conducted by Harris Interactive and mortgage… Read More »Most Consumers Only Obtain One Mortgage Quote
There’s been a lot of buzz about the ability to look up “free foreclosure listings” using Google Maps, so I figured I’d get on-board as… Read More »Free Foreclosure Listings with Google Maps
Bank of America announced late Thursday that it had resumed foreclosure sales, starting with vacant and non-owner occupied properties. The mortgage lender had announced a… Read More »Bank of America Restarts Foreclosure Sales
Reverse mortgages were deemed both risky and costly for older homeowners, according to a report released this week by Consumer Reports. The publication noted that… Read More »Consumer Reports Calls Reverse Mortgages ‘Last Resort’
A majority of Americans polled by real estate service Trulia don’t expect the housing market to recover until after 2012. Another 27 percent expect things… Read More »Most Americans Think Housing Market Won’t Recover Until After 2012
Both the National Association of Realtors (NAR) and the National Association of Home Builders (NAHB) launched efforts to save the at-risk mortgage interest deduction, which… Read More »Realtors, Builders Rally to Save Mortgage Interest Deduction
