Pay Rate vs. Teaser Rate
If you scan through mortgage programs and lender rate sheets you may have come across mortgage lingo such as “pay rate” or “teaser rate”. Though… Read More »Pay Rate vs. Teaser Rate
Predatory Lending Q & A
I did a recent interview regarding predatory lending. I thought I’d share it here to offer a better insight as to what predatory lending is,… Read More »Predatory Lending Q & A
Richard Branson Enters Mortgage Biz with New Acquisition
Sir Richard Branson and his seemingly never-ending business plan has entered a new industry, surprisingly, mortgage. While many critics may think his timing is a… Read More »Richard Branson Enters Mortgage Biz with New Acquisition
Are RealtyTrac’s Foreclosure Listings Misleading?
As the foreclosure market gains more steam and becomes the focus of the stagnating housing market, companies like RealtyTrac are beginning to grab a share… Read More »Are RealtyTrac’s Foreclosure Listings Misleading?
Bank of America No Fee Mortgage
Bank of America, the sixth-largest home mortgage lender by new loan volume last year in the United States, released a new “no fee mortgage” program… Read More »Bank of America No Fee Mortgage
Ditech Freedom Loan
Amidst the subprime disaster and the current mortgage industry overhaul, companies like Ditech continue to release risky mortgage programs that remind of us how we… Read More »Ditech Freedom Loan
Portfolio Loans: A Solution for Hard to Close Mortgage Deals
If you’re having a tough time getting home loan financing using a mortgage broker or a local mortgage lender, consider contacting a portfolio lender directly… Read More »Portfolio Loans: A Solution for Hard to Close Mortgage Deals
Stated Income Loans Becoming Increasingly Difficult
Looks like the part is coming to an end; stated income loans, which dominated the mortgage market throughout the housing boom, are now being examined… Read More »Stated Income Loans Becoming Increasingly Difficult
Fixed Mortgage Rates Pricing Lower than ARMs
When applying for a mortgage, be sure to look at all the available loan programs and their corresponding mortgage rates. Typically, fixed-rate mortgages come at… Read More »Fixed Mortgage Rates Pricing Lower than ARMs
What Not to Buy: Mortgage Stocks
A month after Wall Street battered subprime mortgage companies and the sector as a whole, some investors are beginning at look for bargains at the… Read More »What Not to Buy: Mortgage Stocks