Don’t Use Pennies to Pay Your Mortgage
You may have read a certain ABC news report that a man made his final mortgage payment with pennies he had collected over the years.… Read More »Don’t Use Pennies to Pay Your Mortgage
Housing Bottom Now Expected in 2013, Recovery Looks Weaker
There’s been a lot of interesting housing-related news over the past week, with some good and some bad. The first bit is that economists finally… Read More »Housing Bottom Now Expected in 2013, Recovery Looks Weaker
Housing Market Update: Floodgates Officially Open
Well, another week has gone by, and mortgage rates drifted to a new low, per the latest Freddie Mac data. Yawn. Yes, we know the… Read More »Housing Market Update: Floodgates Officially Open
What Flavor Is Your Mortgage?
Knowing where you stand before applying for a mortgage is key to negotiating a better interest rate. Yes, you can negotiate your rate! But if… Read More »What Flavor Is Your Mortgage?
Discover Home Loans Review: The Nation’s #1 Home Equity Loan Lender
Well, it’s official, there’s a new mortgage player in town, and they go by a familiar name, “Discover Home Loans.” You may have heard a… Read More »Discover Home Loans Review: The Nation’s #1 Home Equity Loan Lender
Short Sale vs. Foreclosure: What’s the Credit Score Impact?
Mortgage match-up: “Foreclosure vs. short sale on your credit report.” It’s been a while since I’ve come up with a mortgage match-up, but there’s been… Read More »Short Sale vs. Foreclosure: What’s the Credit Score Impact?
Obama Hasn’t Refinanced His Mortgage in Seven Years
Despite a push to allow more Americans to refinance their mortgages (Harp 2.0), the Obamas haven’t taken the time to refinance their own, according to… Read More »Obama Hasn’t Refinanced His Mortgage in Seven Years
You May Have Missed the Housing Bottom, But Not the Mortgage Rate Bottom
Over the past several months, it has become somewhat clear (insert gigantic grain of salt here) that home prices may have bottomed last year, at… Read More »You May Have Missed the Housing Bottom, But Not the Mortgage Rate Bottom
Bank of America Ramps Up Principal Reductions
It took a while, but Bank of America announced today that it intends to mail out principal reduction offers to some 200,000 homeowners. The first… Read More »Bank of America Ramps Up Principal Reductions
Wells Fargo Claims More Than a Third of Mortgage Market
Talk about dominating the market. A new report from Inside Mortgage Finance revealed that San Francisco-based bank and mortgage lender Wells Fargo snagged 33.9% of… Read More »Wells Fargo Claims More Than a Third of Mortgage Market