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Homeowners that let lenders collect and pay their real estate taxes and insurance bills tend to get lower rates and lower fees. Here's how escrows work, and how you can use them to your advantage.
For the mortgage industry, the $25 billion servicing settlement clears up uncertainty, but no one predicts an end to the troubles and legal fees.
Banks have started to offer more than $35,000 in cash to delinquent homeowners so that they can sell their properties for less than they owe.
In a huge win for FHA homeowners, the FHA will exclude Streamline Refinances from its "Compare Ratios". In response, expect banks to open the FHA Streamline Refinance floodgates. You'll get a "true" FHA underwrite going forward -- no verification of income, job or credit required.
Fannie Mae has been given the authority to proceed with a short sale or complete a deed in lieu of foreclosure by five mortgage insurers, without needing to secure their approval.
With Freddie Mac's published mortgage rates now sub-4 percent, homeowners are doing what it takes to refinance into today's low mortgage rates -- even if it means bringing some cash to closing.
The FHA has many programs to offer lenders and borrowers, but many lawmakers and industry professionals are unsure if the FHA is up to yet another challenge of this scale.
It's Tax Season. This year, you get 2 extra days to file -- taxes aren't due until April 17, 2012. Estimate what you'll owe the IRS with this helpful calculator.
Few want Greece to fail, because the ripple effect on mortgage rates could be far reaching.
Mortgage rates are spiking right now as Wall Street begins to bet *with* the economy instead of against it. January's jobs report may be a tipping point.
The Case-Shiller Index reports that home values fell in November as compared to the month prior. The good news is that we can ignore its findings.
The exact timing of any mortgage rate increase difficult to forecast given that these rates are not "set" - they are determined by market forces.
Statistics, geography, and demographics of the HARP Refinance Program's First 100 Days. Data tracked includes Median LTV, Median Interest Rate, and Average Loan-to-Value.
Last quarter, not a single bank tightened its prime residential mortgage guidelines. The economy is looking up, and so are mortgage rates.
An update on the President's proposal for “a plan that gives every responsible homeowner the chance to save about $3,000 a year on their mortgage by refinancing at historically low interest rates".
There's a prescribed method for giving and receiving cash gifts for downpayments for a home. You can't just deposit the money into your bank account. If you do, your lender may reject the funds.
Finishing the foreclosure process and unloading the REO are two different things. REOs once linked to subprime loans continue to take the longest to sell.
For the first time in its 99 years, the Federal Reserve has set an explicit target rate for inflation. The Fed's inflation target will change how you shop for mortgages.
Mortgage rates have been improving since the Fed's mid-day meeting Wednesday.
Mortgage rates and the Fed Funds Rate have different masters. The former is by Wall Street; the latter by government committee. Use government clues to make sure you lock your mortgage rate at just the right time.
