What's happening in state government this week

Posted on Jan 25, 2015 in HARP Refinance

2014 HARP Refinance Requirements: An Option for Underwater Homeowners
In 2014, remedy about it many homeowners will still be upside down or underwater in their mortgage loans. This means they'll still owe more than their homes are worth in the current market. It's also referred to as having negative equity. This condition will put …
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Why It Might Be Time To Refinance Your Mortgage
These premiums are for mortgages with a term of more than 15 years; premiums for shorter-term loans aren't changing. Right now, sick borrowers must pay for FHA insurance for the life of a loan, even if their home equity rises above 20% of the value of the home.
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Which Is Better? 15Year Mortgage Rates Or 30-Year Mortgage Rates?
Recent thirty-year fixed rate data from mortgage-origination software provider Ellie Mae shows FHA mortgage rates averaging approximately 25 basis points (0.25%) less than rates for a comparable conventional loan; and VA mortgage rates averaging 37.5 …
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Current Mortgage Rates Today: FHA Refinance Rates and Conventional Loans
Today's Mortgage Rates Major U.S. financial institution, Wells Fargo (NYSE:WFC) disclosed the updated mortgage information for its conventional and non-conventional loans on January 21, 2015. Updated details on 30-year and 15-year home mortgage …
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Home Refinance Rates: Wells Fargo Fixed, ARM and FHA Refinance Mortgage
First, looking at current conventional home refinance loans, the 30-year FRM is listed on Wednesday at a rate of 3.875% and it's coupled with an APR variable of 3.913%. Borrowers, who believe the 15-year refinance loan fits the bill better, will see …
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Text of Gov. Nikki Haley's State of the State address
First, help they flatly, site publicly stated that South Carolina workers do not have the necessary skills to build airplanes. …. Second, if a teacher who has graduated from college and is burdened by student loans commits to teach in a rural district, we will …
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Flagstar Bancorp's (FBC) CEO Alessandro DiNello on Q4 2014 Results
Non-interest income grew by $ 2.9 million or 3% on an adjusted basis to $ 98.4 million driven by increased net gain on loan sales and an improvement in the R&W reserve driven by lower loss experience. Non-interest expense declined. Total non-interest …
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Banner's (BANR) CEO Mark Grescovich on Q4 2014 Results – Earnings Call
Stated as a percentage of total assets, non-performing assets went from 0.66% to 0.43%. One- to four-family loans continue to be the largest single category of non-performing assets, …. For the year ended December 31, 2014, our net interest income …
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Historic preservation credits might help rebuild West Union
Some of those options: 20 percent federal historical preservation tax credits for rehabilitation of an income-producing property, or 25 percent historical preservation tax credits from the state. The city of Athens could … Some of the options for …
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Point72 increases its position in Walter Investment Management
In the third quarter, information pills Walter modified terms for more than 15, buy information pills 000 customer loans and originated nearly 17,000 home affordable refinance program (or HARP) loans. In October, the company entered into agreements to acquire MSRs associated with ~$ 9 billion …
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Just Approved: Misinformed borrower successfully lowers rate
In this transaction, the borrower had a first mortgage and a second with loans totaling more than the home was worth. Because her first loan originally was an 80 percent loan-to-value, the mortgage insurance was waived through the HARP program.
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In a changing mortgage landscape, order will it be easier to get a home loan in 2015?
The program will be limited to fixed-rate loans, and borrowers will need to meet credit standards and prove they can repay the loans. Currently, VA loans and USDA Rural Housing loans are available with zero down payments; FHA-insured loans require a …
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4 reasons buying a home in 2015 will be easier
FHA loans currently feature a 3.5 percent down payment requirement, but the accompanying mortgage insurance premiums have become increasingly expensive for many low- and middle-income borrowers. On a typical $ 200,000 loan, an FHA buyer might …
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FS Bancorp, clinic Inc. Announces Strong 2014 Results Including .5 Million in Net
Net income for the fourth quarter of 2014 was $ 1.5 million, or $ 0.52 per diluted share, compared to $ 537,000, or $ 0.18 per diluted share, for the fourth quarter ended December 31, 2013. "Annualized loan growth was 25.0% in the fourth quarter of 2014 …
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Greene County Bancorp Posts Financial Results for 6 Months Ended December 31
Donald Gibson , President & CEO stated; "I am pleased to report record net income for the six months ended December 31, 2014 . …. The loan growth experienced during the six month period consisted primarily of $ 13.2 million in commercial real estate …
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Merchants Bancshares, Inc. Announces Dividend, Fourth Quarter and Year End
29, 2015 /PRNewswire/ — Merchants Bancshares, Inc. , the parent company of Merchants Bank, today announced net income of $ 2.50 million, or $ 0.40 per basic and $ 0.39 per diluted share for the fourth quarter of 2014. This compares to net income of $ 3.82 …
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Million Permit Sought for Target Distribution Center
… a natural-gas facility. At the time, decease TVA CEO Bill Johnson said the $ 975 million, rx 1, viagra 000-megawatt natural-gas fired plant will significantly cut emissions of carbon dioxide and gases that cause smog, while providing power to about 580,000 homes …
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After ECB, Greek elections the next market hurdle
With the European Central Bank signing up for a large bond-purchasing program, the next obstacle for the European Union is the election in Greece. Greek voters elect a new parliament on Sunday, … ECB's bond-buying program until at least July. The ECB …
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CUSD Considers Plan To Refinance Bonds From 2005
Continuing their collective effort to make the best of a precarious financial situation, the Trustees of the Coronado Unified School District heard a presentation to refinance a portion of the district's outstanding bonds at their meeting of January 15 …
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What's happening in state government this week
NEW HOMEOWNER GUIDE: Consumer Research and Programs Coordinator for the Office of Consumer Affairs and Business Regulation Julian Smith presents "Understanding Credit & Debt, this site " a guide for first-time homebuyers. Topics include checking credit reports …
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Refinancing mobile home loan at lower rate
It's not easy to find mobile home communities that meet the FHA's strict guidelines, dosage says Rishel, patient whose company makes chattel loans in land-lease communities. "Not many landlords participate on the Title I program." Few lenders offer Title I mortgages …
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Shiller: US Housing Market Weak After 6 Yrs Of Federal Aid
Fannie Mae and Freddie Mac, which remain under government control and now guarantee about 90 percent of all new mortgages, have reduced the underwriting standards on packages of mortgages they guarantee, including allowing loans with as little as 3 …
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