Mortgage Options

7 Things You Still Don’t Know About HARP 2.0, Plus How To Apply For The Mortgage

7 Things You Still Don’t Know About HARP 2.0, Plus How To Apply For The Mortgage

  By.Dan Green   The Home Affordable Refinance Program (HARP) has reached more than 2.74 million households in its first 4 years. However, the program has not reached as many U.S. homeowners as it should. The limited reach of HARP has two potential causes. The first is that the program may be too restrictive; too […]

Refinances Seen Dropping More Than 50 percent in 2014

Refinances Seen Dropping More Than 50 percent in 2014

  The Mortgage Bankers Association (MBA) might not have been smiling as it prepared the economic forecast for 2014 it handed out today. The association’s economists say they expect the volume of mortgage originations to drop by 32 percent next year as rising numbers of purchase applications fail to compensate for the fall-off in refinancing. […]

Massachusetts Underwater Homeowners Fighting Foreclosures by Dodging Delinquency with HARP Refinance

Massachusetts Underwater Homeowners Fighting Foreclosures by Dodging Delinquency with HARP Refinance

HARP Mortgage Lender reports that the HARP refinance option is helping Massachusetts fight against foreclosures by enabling underwater homeowners to refinance to a lower monthly mortgage payment to avoid a delinquent status for underwater homeowners in Massachusetts. HARP Mortgage Lender  reports Massachusetts’ underwater homeowners are taking action in preventing foreclosures by refinancing with the Home […]

USDA Funds Rural Broadband, Electricity Updates

USDA Funds Rural Broadband, Electricity Updates

USDA Rural Utilities Service Administrator John Padalino on Thursday announced funding for both rural electricity and rural broadband projects in several states during his address at a regional meeting of the National Rural Electric Cooperative Association in San Antonio, Texas. Electric Services Padalino said the USDA’ s electricity investments will benefit 23 states. “These investments […]

JPMorgan May Pay $13 Billion To U.S. Over Subprime Mortgage Fiasco

JPMorgan May Pay $13 Billion To U.S. Over Subprime Mortgage Fiasco

  JPMorgan Chase is in talks with the Justice Department to pay $13 billion to the U.S. government over its role in the subprime mortgage fallout that led to the 2008 recession. The NY Times says, “It would be a record penalty that would cap weeks of heated negotiating and underscore the extent of the […]

USDA Announces Cancellation and Postponement of Selected Reports Impacted by the Lapse in Federal Funding

USDA Announces Cancellation and Postponement of Selected Reports Impacted by the Lapse in Federal Funding

  WASHINGTON, October 17, 2013––The U.S. Department of Agriculture today announced that the National Agricultural Statistics Service (NASS) and World Agricultural Outlook Board (WAOB) have cancelled or postponed publication of selected USDA statistical reports impacted by the lapse in federal funding. NASS’s Crop Production and Cotton Ginnings reports and the WAOB’s World Agricultural Supply and […]

FHA Loans: Credit Scores Loom Large as New Rules Take Effect

FHA Loans: Credit Scores Loom Large as New Rules Take Effect

  New requirements for Federal Housing Administration-approved mortgages go into effect today, presenting potential roadblocks for homebuyers with collections or judgments in their credit histories. While lenders have recently been able to take significant economic events into account in processing loan applications, today’s changes are a step in the opposite direction for loan accessibility. The […]

Investors still see relative value in subprime mortgage bonds

Investors still see relative value in subprime mortgage bonds

By. Jacob Gaffney Describing a conference in two words is becoming a bit of a thing. Yesterday, I described the feeling at the ABS East 2013 conference, held earlier this week in Miami, as one of subdued complicity. Analysts at Barclays (BCS) say it is more like “cautiously optimistic,” in an email titled, “Notes from ABS East 2013.” Their […]

4 Things to Know Before Applying for FHA Loan

4 Things to Know Before Applying for FHA Loan

A Federal Housing Administration loan, or FHA, is a great loan to have. The FHA provides insurance-backed mortgage loans through approved FHA-lenders. This loan protects lenders from losses that may arise from a defaulted loan. This loan only works for single/multifamily properties within the U.S. and it’s territories. This makes lending easier and borrowers can […]

The 6 Biggest Myths Of FHA Mortgages, And How To Get Approved For Low Rates

The 6 Biggest Myths Of FHA Mortgages, And How To Get Approved For Low Rates

  The FHA mortgage is one of the misunderstood products in the market. For years, the FHA advertised its products as loans for people “on the margins”. For the last 10 years, however, that has not been the case. FHA loans are among the most flexible and rewarding products available to today’s U.S. home buyers. […]

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