Mortgage Lender
Sat, 23 Aug 2008 07:00:10 -0600
by Mortgage Lender @ Sat, 23 Aug 2008 07:00:10 -0600
Congress on Saturday passed a landmark mortgage rescue plan that is expected to help hundreds of thousands of struggling homeowners, but lawmakers remain stalled on how to temper skyrocketing energy prices. For instance, your credit history is not that great. Banks generally reject mortgage applications if the credit score is below 670. With a mortgage broker, you can shop around for a lending company that offers bad credit mortgage loans....
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Thu, 21 Aug 2008 19:00:10 -0600
by Mortgage Lender @ Thu, 21 Aug 2008 19:00:10 -0600
Here is a little piece from Bloomberg that enhances the previous story very well, calling all Home Equity loans ‘junk’. ...They STOPPED rating second mortgage RMBS citing “anamolous and unprecedented” borrower behavior. There is a wide variety of lending institutions that offer home mortgage loans, including savings and loan associations, commercial banks, mutual savings banks, and mortgage companies. The lesson therefore is never limit yourself to just one option when you can have several....
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Thu, 21 Aug 2008 07:00:25 -0600
by Mortgage Lender @ Thu, 21 Aug 2008 07:00:25 -0600
When giant California lender IndyMac Bank went bust two weeks ago, it put roughly 10,000 customers whose deposits exceeded FDIC insurance limits in jeopardy of losing a chunk of their ... Generally, the lower the interest rate, the more points the lending institution will charge....
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Tue, 19 Aug 2008 19:00:07 -0600
by Mortgage Lender @ Tue, 19 Aug 2008 19:00:07 -0600
...Interesting article on Bloomberg about the private mortgage insurers such as AIG and PMI and how they’re considering what to do in the wake of the government’s decision to stop insuring 40 year and 0% deposit mortgages. A refinance mortgage loan generally means paying off your original mortgage by signing a new loan. Your refinance mortgage loan acts like your typical mortgage loan. That means that you pay most of the same costs you paid to get your original mortgage....
Blog tag: Mortgage Lender
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