Question by Truth: Who sets the interest rate level for a HARP refinance condo loan?
My credit score is excellent I have never been late on my mortgage yet my current lender only wants to offer 4.125 which he says is set by HARP not by the bank. Is this true or just another scum bag tactic banks use to continue ripping off the American public. If I see rates as low as 3.6% for a 30 yr fixed why can’t I get one at this level. If he is lying how should I report this fraud?
I have decided to report the lie in this instance and I noticed all the loan reps below do not even address it. I recordered the false information this loan officer gave me about the bank having no control over the interest rate. If nothing else I hope this guy gets fired for fraud. I know the government regulators will never do a thing to protect the public from scum bag bank practices so I will not waste my time. I will never spend another nickle with this bank. I will never understand why it’s ok for people without licenses or a collage degree to sell and originate loans. I will keep shopping for an honset banker if one exists. I would appreciate better government oversight for these types of scams.
Best answer:
Answer by kemperk
http://www.harploans.com/
your lender can charge what he wishes; go to a competitor
Today’s Low Mortgage Rates
Product Rate APR Points Lock Days
30-Year Fixed 3.375% 3.487% 1 30
15-Year Fixed 2.625% 2.825% 1 30
30-Year FHA 3.250% 4.195% 1 30
Add your own answer in the comments!
Low–income Kannapolis housing complex gets 0K federal grant
KANNAPOLIS, look N.C. — A low-income apartment complex received a $ 500,000 grant from the Federal Home Loan Bank of Atlanta to build 87 units, Sen. Kay Hagan's office announced Friday. Autumn Crest Apartments, located at 1201 S. Cannon Blvd., …
If you would like more informaiton please visit here…
JURUPA VALLEY: Low–income housing will cater to veterans
Any low-income veteran with an honorable discharge who works or lives in Riverside County can apply to buy one of the homes, Michalak said. … Michalak said the California Department of Veterans Affairs is providing construction and home loans.
For more informaiton please visit here…
Bank of America quits mortgage program
Bank of America has – and the banks it has acquired in a number of mergers have – been responsible for over 40 percent of the loans offered in the affordable mortgage lending programs the state has run, this web dating back over two decades. "This is taking …
More informaiton please visit here…
Federal Home Loan Bank of Atlanta Awards .5 Million for Affordable Housing …
ATLANTA, doctor June 18, shop 2014 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it has awarded $ 24.5 million to assist in the funding of 60 affordable housing projects in 13 states and the District of Columbia as …
More informaiton please visit here…
Why Mergers Work (or Don't); Interesting Best-Ex Info; ABA…
No FHA or VA products are available. SunTrust Mortgage is one of eight strategic mortgage lending solutions providers that offer ABA members advantaged programs to help them compete in the areas of compliance, this fraud prevention, loan sales, quality …
More informaiton please visit here…
PrimeLending Signs with Global DMS, Implements eTrac Valuation …
4 mortgage lender in the nation in purchase units.* Offering fixed, adjustable rate, FHA, VA, USDA and jumbo loans, refinancing and relocation programs, PrimeLending is licensed to originate and close loans in all 50 states. Founded in 1986 …
For more informaiton please visit here…
Senior Housing Finance Activity: Greystone, Oak Grove, Cambridge
Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs. In 2013, Greystone ranked No. 1 in combined multifamily and …
If you would like more informaiton please visit here…
Miami hits JPMorgan with lawsuit over discriminatory lending practices
The city of Miami recently sued JPMorgan Chase & Co. in Florida federal court alleging that JPMorgan violated the Federal Fair Housing Act (“FHA”) by engaging in a “continuing pattern” of discriminatory mortgage lending practices in Miami, resulting in …
More informaiton please visit here…
