Mortgages Blog

Tuesday, June 28, 2011 3:28 pm
By Polyana da Costa · Bankrate.com

It looks like the spell is finally broken. Home prices rose for the first time in eight months, according to the Standard & Poor’s Case-Shiller index. The 20-city composite index increased 0.8 percent from March to April, shows a report released Tuesday. That’s somewhat good news, but don’t get too excited. The average price of

» Read more
Tuesday, June 28, 2011 8:15 am
By Polyana da Costa · Bankrate.com

When home values were going up like a rocket, lenders often marketed reverse mortgages as a gateway to financial freedom. Now, some of them want out. Wells Fargo says it will stop offering reverse mortgages as of June 30. Bank of America stopped offering them in February. The two lenders accounted for about half of

» Read more
Thursday, June 23, 2011 10:08 am
By Polyana da Costa · Bankrate.com

If you are behind on your mortgage payments because you lost your job, you may be able to get up to $50,000 in help from the government. But act quickly. This week, HUD announced a new interest-free government loan program for homeowners who are on the verge of foreclosure. It’s called the Emergency Homeowners’ Loan

» Read more
Monday, June 20, 2011 9:00 am
By Jay MacDonald · Bankrate.com

Bank of America came under fire last week when it was revealed that the nation’s largest lender “significantly hindered” a federal probe into its foreclosure practices on FHA loans. The report, filed by a Department of Housing and Urban Development inspector general on June 1, was obtained by Bloomberg News when it was admitted into evidence as

» Read more
Thursday, June 16, 2011 3:02 pm
By Holden Lewis · Bankrate.com

Ominous numbers from RealtyTrac this week. The online marketplace for foreclosure properties says foreclosure filings in May were 33 percent lower than in May 2010, while, at the same time, the inventory of unsold, repossessed homes went up. Even as foreclosures decline, homebuying is declining even faster. “We have a lot of distressed properties on

» Read more
Monday, June 13, 2011 8:59 am
By Holden Lewis · Bankrate.com

Today’s live chat about mortgages begins at 2 p.m. eastern time. The chat is titled “Trying to buy or refi.”  Mortgage reporter Polyana da Costa and I will answer questions. Janet Stauble will moderate questions and comments. We’re prepared to answer questions about mortgages, refinances, break-even times, documentation, and basic stuff like that. We’re not

» Read more
Friday, June 10, 2011 12:10 pm
By Holden Lewis · Bankrate.com

We will have a live chat about mortgages on Monday, and you are invited. The chat, titled “Trying to buy or refi,” begins at 2 p.m. eastern time Monday. Mortgage reporter Polyana da Costa and I will answer questions. Loan officers and brokers are welcome to listen in and comment and help answer tough questions.

» Read more
Thursday, June 9, 2011 2:49 pm
By Polyana da Costa · Bankrate.com

If you’re one of the many homeowners who have gone through the frustrating experience of trying to work with your lender to get a loan modification, this may serve as a bit of consolation. The U.S. Treasury says it is withholding incentive payments owed to the three of largest servicers participating in the Home Affordable

» Read more
Tags: HAMP, Mortgages
Wednesday, June 8, 2011 9:11 am
By Polyana da Costa · Bankrate.com

If you happen to see a contractor walking around your house, taking pictures, don’t panic. It’s just your lender “inspecting” your property. According to new rules announced by Fannie Mae this week, mortgage servicers will be required to “order” a “property inspection” no later than 45 days after a homeowner misses a mortgage payment. “The

» Read more
Tuesday, June 7, 2011 2:56 pm
By Holden Lewis · Bankrate.com

Mortgage rates have been amazingly low lately. Whenever they linger below 5 percent, you’re seeing historically low mortgage rates. They’ve been ratcheting up a little today. If your lender hasn’t raised rates an eighth of a percentage point, you’re getting less bang for the buck with your discount points today. Still, mortgage rates remain very

» Read more
Page 60 of 85« First...102030...5859606162...7080...Last »