Banks and building societies are barring members of the military from some of their best mortgage deals. Personnel are being penalised as they are frequently forced to move when they are posted around the country or overseas. If they want to stay on …
Lois and Brian Dryer were all smiles when they met with loan officers from Residential Home Funding, a mortgage lender in East Brunswick, New Jersey. The Dryers were supposed to close on their dream home in Hazlet, New Jersey on Wednesday but could …
Home buyers might soon have to bring more cash to the table to qualify for Federal Housing Authority-backed mortgages. The FHA mortgages, which now make up 30% of originations, have surged in popularity because borrowers need a down payment of just 3 …
R aise your hand if you’ve heard something like this before: A couple looking to save money in tough times refinanced their home — only to discover they’d been taken in by fraud. Now they are fighting foreclosure and the loss of their home. What you …
We are 75 and 69. Our financial situation is good. We live in a “senior citizen environment” and have a $100,000 mortgage on a $200,000 home. Our payment is less than $600 a month. We know people are jumping on the reverse mortgage concept. Some do …
American Savings Bank’s investments in securities back by Mainland mortgages is going to cost the bank $19 million. The company said today it is taking the after-tax charge after it recently sold $225 million worth of private-issue mortgage-related …
PHOENIX – Rosemary Mondshein’s worries are written all over her face. When 3 On Your Side visited with her at her home in Lake Havasu, the attractive blond mother and grandmother told us through tears, “I’m at the end of my rope… I don’t have any …
The November Mortgage Monitor report, released by Lender Processing Services, Inc., reveals a nationwide loan deterioration ratio higher than 3:1 – indicating that for every one loan improved, three more loans are deteriorating. Of home loans that …
The November Mortgage Monitor report, released by Lender Processing Services, Inc., reveals a nationwide loan deterioration ratio higher than 3:1 – indicating that for every one loan improved, three more loans are deteriorating. Of home loans that …
MEREDITH, N.H. — A law firm that handled transactions for a closed mortgage company is being named in new lawsuits filed this week. Investors began filing lawsuits after Financial Resources Mortgage abruptly shut its doors last month. The latest …
