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Retiring? If you need a home loan, get one first
Retired engineers Kelly and Derek Barkey assumed they would be approved when they applied for a $50,000 home equity line of credit two years ago to fix up their new […]
Realities of Real Estate: Types of home loans
When someone buys a home, they can either pay cash or finance the purchase. Increasingly, people are paying cash.
Robert Nusgart: Private mortgage insurance is back in a big way
There are only a few more weeks before changes in Federal Housing Administration mortgage insurance go into effect — changes that will cost millions of borrowers who need a government-insured loan to get into a home more money.
Average 30-year mortgage rate a record 3.91 pct.
WASHINGTON — The average rate on the 30-year fixed mortgage fell to a record 3.91 percent this week, the third time this year that rates have hit new lows. Freddie […]
Bank of America reaches $335M settlement over Countrywide loans
Bank of America agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers on home […]
Rate on 30-year mortgage falls to record 4.01 pct.
WASHINGTON — Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further. The average on a 30-year fixed mortgage fell […]
Fed to shift $400B in holdings to boost economy
WASHINGTON — The Federal Reserve will use more than $400 billion to try to drive down long-term interest rates, make home and business loans cheaper and invigorate the economy. Analysts […]
30-year mortgage falls to 4.12 pct., record low
WASHINGTON (AP) — Fixed mortgage rates fell this week to the lowest levels in six decades. But few Americans can take advantage of the rates to refinance or buy a […]
Robert Nusgart: Compensation change could hurt consumers
A major change is coming to the loan officer’s world beginning April 1, and it’s no April Fool’s Day joke. On that date, the method of how loan officers in […]
Opinions – Maryland Court of Special Appeals:1/24/11
MARYLAND COURT OF SPECIAL APPEALS Criminal Law Deposits on New Homes subtitle BOTTOM LINE: The evidence was insufficient to support the defendant’s conviction for failing to deposit money into escrow […]
Bank of America reports loss of $1.6 billion in 4Q
NEW YORK — Bank of America on Friday reported a loss of $1.6 billion in the fourth quarter after its costs related to soured home loans increased. The quarter’s results […]
Legislating limits on Mortgage Electronic Registration System
The lending industry launched the Mortgage Electronic Registration System in 1997 to be a centralized database to streamline the transfer of home loans among investors while making it easier for […]
