Tag Archives: Mortgages

FHA may ease rules for mortgages on condos – MiamiHerald.com

May 20, 2012 – 1:22 am

PR Web FHA may ease rules for mortgages on condosMiamiHerald.comUnder the agency's regulations, individual condo units in a building cannot be sold to buyers using FHA insured mortgages unless the property as a whole has been approved for financing. According to condominium experts, realty agents, …FHA 'Streamline Refinances' Get Cheaper and EasierFox BusinessFind first-time homebuyer [...]

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More Than 95 Percent Of Refinancing Borrowers Choose Fixed-Rate Mortgages – MarketWatch (press release)

May 15, 2012 – 1:29 pm

Eastern Morning Herald More Than 95 Percent Of Refinancing Borrowers Choose Fixed-Rate MortgagesMarketWatch (press release)It's no wonder we continue to see strong refinance activity into fixed-rate loans. "Compared to a 30-year fixed-rate mortgage, the interest rate on a 15-year fixed was about three-quarters of a percentage point lower during the first quarter.Freddie Mac: Over 95% [...]

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Late payments on mortgages fall in first quarter of 2012 – San Jose Mercury News

May 10, 2012 – 6:52 am

OregonLive.com Late payments on mortgages fall in first quarter of 2012San Jose Mercury NewsThat's down from 6.19 percent in the same period last year, and below the 6.01 percent delinquency rate for the last three months of 2011. The decline in the US mortgage delinquency rate follows two quarters of increases. But barring any severe [...]

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Reverse mortgages: Don’t let the Fonz sell you – CBS News

May 1, 2012 – 6:20 pm

CBS News Reverse mortgages: Don't let the Fonz sell youCBS NewsUnlike a traditional mortgage, there's no lengthy underwriting process and you don't make monthly principal and interest payments. You are required to continue to pay real estate taxes, utilities, and hazard and flood insurance premiums.and more » Fha Upfront Mortgage Insurance Premium Increase – Google News

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Where’s the Bottom? More Than One Million Mortgages Taken Out Since 2010 Now … – Mortgage Rates & Trends (blog)

April 28, 2012 – 6:44 pm

Mortgage Rates & Trends (blog) Where's the Bottom? More Than One Million Mortgages Taken Out Since 2010 Now …Mortgage Rates & Trends (blog)As of December 2011, the latest figures available, 31 percent of the US home loans that were in negative equity – in which the outstanding loan balance exceeds the value of the home [...]

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Reverse mortgages not for the uninformed – Chicago Tribune

April 26, 2012 – 9:21 am

Reverse mortgages not for the uninformedChicago TribuneUnlike a traditional mortgage, there's no lengthy underwriting process, and you don't make monthly principal and interest payments. You are required to continue to pay real estate taxes, utilities, and hazard and flood insurance premiums.and more » Mortgage Insurance Premium Fha – Google News

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More Kiwis float their mortgages – New Zealand Herald

April 24, 2012 – 9:49 am

More Kiwis float their mortgagesNew Zealand HeraldBut with a rise in rates possible at the end of the year, borrowers are encouraged to shop around – and make extra payments while they can to reduce their loans. "Just a few years ago, most homeowners wouldn't dream of doing anything other than fix," …and more » Mortgage [...]

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Take a second look at reverse mortgages – MarketWatch

April 21, 2012 – 6:57 am

Take a second look at reverse mortgagesMarketWatchThe FHA insurance picks up the difference. The interest, when paid, may be tax deductible. The loan is not cancellable/callable (as with a home equity line of credit or HELOC). Unused line of credit grows over time based on LIBOR rate, independent of …and more » Calculate Mortgage Insurance Premium [...]

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FHA Bailout Risk Looming After Guarantees: Mortgages – BusinessWeek

April 17, 2012 – 5:21 pm

FHA Bailout Risk Looming After Guarantees: MortgagesBusinessWeekMortgage servicers collect monthly payments and manage the foreclosure process. As the FHA tripled its home-loan insurance to $ 1.1 trillion since 2007, defaults and expected defaults drained its cash reserve below the 2 percent legal threshold the last …and more » Fha Upfront Mortgage Insurance Premium 2011 – Google [...]

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FHA cuts prices on refinance mortgages – Sioux City Journal

April 11, 2012 – 1:20 am

RealtyBizNews FHA cuts prices on refinance mortgagesSioux City JournalOn March 6, the Acting Federal Housing Commissioner announced significant price cuts to FHA's Streamline Refinance Program. The cuts could benefit millions of borrowers whose mortgages are currently insured by FHA. Beginning June 11 of this year, …Check the fine print on FHA refinancingsWashington PostCheck the fine [...]

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