Ultra-Low Mortgage Rates Spur Refi Loans
The adjustable-rate mortgage or ARM share of mortgage loans accounted for 4.7 percent of all applications, case decease down 0.2 points from the previous week. The Federal Housing Administration or FHA's share of total applications edged down to 11.3 percent from …
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Just Approved: Equity Conversion Mortgage helps home owner plan for …
Loan amount: $ 245,000 at 3.825 percent adjustable rate mortgage. Backstory: Some homeowners use the Federal Housing … The FHA's Home Equity Conversion mortgage is available to homeowners 62 and older. The program allows them to stop making …
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Young homebuyers must be mindful of student loan debt
A consistent worry lenders see when working with young homebuyers is whether their student loan debt disqualifies them from purchasing a home. They are right to be concerned, but new regulations are making that debt less negative on their overall …
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Home Affordable Refinance Program (HARP) Extended; Is HARP 3 Coming?
Fewer than one million HARP loans closed between 2009 and mid-2011 — well short of the government's goal. To boost the program's effectiveness, sildenafil then, view in late-2011, HARP's program guidelines were extended. LTV restrictions were removed entirely and …
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Social media push seeks underwater borrowers for refinancings
The Chicago area still has more people with burdensome mortgages backed by Fannie Mae and Freddie Mac than any other metro area, and with a government-backed refinancing program ending in 10 months, another effort is being made to reach those … The …
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