WASHINGTON It’s by far the hottest controversy in real estate this summer, and it could directly affect the value of your house — probably negatively — by tens of thousands of dollars. The issue concerns lowballed valuations and the new rules …
underwriting, document, and funding/insuring responsibilities. The combination will create one of the most significant producers in the Reverse Mortgage sector in California and on the National stage. The company is continuing its efforts of adding …
The average 30-year, fixed-rate home loan is going for 5.32 percent, down from 5.42 percent last week, government-controlled mortgage company Freddie Mac reported Thursday after conducting its weekly nationwide survey. The rate fell to a record low …
HOME owners are cashing in on record low interest rates to pay off their mortgages at the fastest rate since the 1970s, figures showed yesterday. The credit crunch and subsequent recession have sparked a mortgage repayment boom with Britons …
Westpac Bank has failed to persuade the Supreme Court to reverse a decision in lower courts that a solicitor should be liable for a mortgage fraud which cost it $180,000. The Supreme Court today dismissed an appeal by Westpac and ordered it to pay …
Britain’s mortgage payback boom is continuing as homeowners repay a record amount of their property debt, figures show. Overall, they reduced their mortgage debts by an estimated £ 8.1billion in the first three months of 2009, according to the Bank …
THE battle for the rights to oversee City Pacific’s flagship First Mortgage Fund is likely to be decided in the courts, with the embattled Gold Coast finance group saying yesterday that a unit-holder vote to remove it as the manager had failed by a …
HOMEOWNERS paid a record amount of their mortgage debt in the first three months of this year, it was revealed yesterday. Borrowers injected £8.1 billion more equity into their homes than they withdrew, according to the Bank of England, the highest …
The average rate for a 30-year fixed mortgage was 5.32 percent this week, below last week’s average of 5.42 percent. Last year at this time, the average rate for a 30-year fixed mortgage was 6.35 percent, Freddie Mac said. Rates on 30-year mortgages …
A federal judge has ruled Baltimore may proceed with a lawsuit against Wells Fargo for what the city says were racially biased predatory lending practices. U.S. District Judge Benson Legg rejected Wells Fargo’s motion to dismiss the suit on Thursday …
