WASHINGTON: After hitting an all-time low in early December, the average rate on a 30-year, fixed-rate mortgage rose to 5.05 percent this week and could climb to 6 percent by the end of 2010, the Washington Post reported on Saturday, citing US …
Reminiscent of the “Stated Income” and “No Ratio” products that were prominent in the mid 2000’s this product is specifically designed for home purchases and more specifically for homes valued between $1,000,000 and $6,000,000. BCHG is targeting the …
In recent months, loan officers around the country have begun taking federally mandated licensing exams, which many in the industry consider beneficial for borrowers in the long run. According to the Conference of State Banking Supervisors, which …
“…Unsecured personal debt, or credit card debt have been aided by debt settlement and credit counseling services, but what about that mortgage loan that was taken out when the homeowner purchased his home?…” Mortgages are not unsecured, personal …
After getting used to a particular lifestyle while working, it is only natural for people to aspire to continue living the same way after retirement. But rising cost of living and medical expenses as well as dwindling savings pose to hurdles. At this …
The shuttered Silver Club Casino in downtown Sparks was sold for $2.5 million to its mortgage holder Wednesday at a foreclosure auction on the steps of the Washoe County Court House in Reno. The only bid was from Northern Nevada Asset Holdings LLC of …
( http://www.monitorbankrates.com/mortgages ) Mortgage rates headed higher in the most recent Primary Mortgage Market Survey released by Freddie Mac. Current 30 year mortgage rates inched back above 5.00 percent to 5.05 percent, up from the prior …
Ron Cowgill, 46, who does home remodeling, has wanted to refinance out of a 7.75 percent mortgage interest rate, but he can’t. Cowgill and his wife, Diane, a teacher’s aide in Glenview, have a $3,700 monthly mortgage payment now. They’ve never been …
Warren Buffett is in talks to buy GMAC’s Residential Capital, one of the biggest residential mortgage-servicing firms and originators, sources told The Post. Buffett, along with Appaloosa Management and Avenue Capital, is said to have large debt …
The Commonwealth of Massachusetts issued a temporary cease and desist order against the now-shuttered Meredith mortgage company Financial Resources Mortgage, Inc. on June 4, nearly five months before it abruptly closed its doors in New Hampshire. The …
