While mortgage rates may be low, one broker says it’s still tough to get a loan. Twenty-five-year-old Christopher Regan just bought a 3 bedroom, 2.5 bath home for a deal he couldn’t pass up. “This is our first home, and it’s kind of exciting,” Regan …
At least that’s the message from a University of Arizona law professor. Brent White’s new paper argues just this tactic, and it is hitting a nerve as the nation’s housing crisis enters its fourth year. White is hardly first to talk about the idea of …
TRENTON – December 4, 2009 (WPVI) — A 57-year-old woman in Trenton is trying to put the pieces back together after being victimized by a mistake by her mortgage company which just happens to be the Bank of America. Three days after being locked out …
Abode Mortgage Holdings Corp. (the “Company”) (TSX VENTURE: ABD) today announces that Richard Gummer has resigned as a director of the Company effective December 4, 2009. In commenting on these developments, the Company’s Chairman of the Board, David …
A former Dorchester man and a Wrentham mortgage broker were charged in federal court with wire fraud and money laundering in connection with a mortgage fraud scheme that generated more than $1 million in profit and put nine properties into …
Monoline financial guarantors and mortgage insurers are planning to shrink losses from defaulted mortgages through loan put-backs to originators and through claims rescissions and denials, Moody’s Investors Service points out in a new report. To the …
Mortgage rates have remained low for a number of months now, but this week, the national average annual percentage rate (APR) on a 30-year fixed $200,000 loan inched down to 5.01% according to the Interest Rate Review, published weekly by Informa …
I’m not sure what half of a nanosecond is, but that’s about how long it took after the positive jobs announcement this morning, for folks to start ruminating about the Fed raising interest rates; in turn, one more half of a nanosecond later, and …
HomeBanc is a wholly-owned subsidiary of Tampa-based HomeBancorp, Inc., with full-service branch locations in Lake Mary, Lakewood Ranch (Sarasota), Belleair Bluffs and three branches in Tampa at Rocky Point, on Dale Mabry at I-275 and Westchase.
Low mortgage costs and a tax credit for first-time homebuyers are helping increase demand for property as the number of contracts to buy previously owned homes rose in October and mortgage applications gained last week. The highest US unemployment …
