Mortgages

Sep 24 2016

paramount mortgage

#Your Down Payment The amount you have available for a down payment can impact the loan programs available to you. Down payments typically range from 3 to 20 percent of the sales price for the property. Newly expanded underwriting guidelines and broader-scoped niche loans allow homebuyers to get in with virtually no money down. Whatever category you fit into, your Paramount mortgage banker can advise you on your options with regards to down payment, mortgage insurance and loan programs. Tips for Accumulating a Down Payment Save –  Look for ways to reduce your monthly expenditures to save toward a down-payment. You could enroll for …

Sep 24 2016

mortgage tables

#Mortgage Tables – Calculating Payments or the Interest Rate from a Mortgage Table Copyright 2009 by Morris Rosenthal All Rights Reserved Calculating Payments or the Interest Rate from a Mortgage Table We mentioned earlier that before computers, bankers used to use mortgage tables to calculate monthly payments. I’ve included a complete set of tables (interest rate 0% to 20% in 0.05% increments) for determining the payment per $1,000 of principal in Appendix B of version 1.2 of my mortgage math ebook. You sometimes see abbreviated versions of these mortgage tables with values per $1000 of principal in real estate magazines, …

Sep 24 2016

mortgage forms

#Mortgage Solicitor Forms Prefer to talk to us? Please note that we have added forms with a version date of March 2015, for certain mortgages. This page contains links to all the documents required by Solicitors and Notaries to complete a residential mortgage transaction in Canada. The Requisition to Solicitor/Notary for Mortgage/Hypothecary Loan faxed to you identifies the form and version date noted in brackets for all of the documents you require. All forms on this site have a unique form number followed by a hyphen with a version date. French forms are available at www.banquescotia.com . Equivalent Interest Rates …

Sep 24 2016

subprime mortgage

#What s Subprime Mortgage: Definition, Economic Impact By Kimberly Amadeo. US Economy Expert Kimberly Amadeo clarifies economic and business news. She outlines how these trends affect you and, most important, the steps you need to take so you can profit now. She is the author of The Ultimate Obamacare Handbook. to be published in Fall 2015 by SkyHorse Publishing, and Beyond the Great Recession: What Happened and How to Prosper . Sign up for the free 5-day U.S. Economy ecourse here. By this time next week, you’ll understand how the economy works as explained in five daily emails. Definition: A …

Sep 24 2016

mortgage solutions

#Mortgage Solutions Financial Wholesale Lending What are you looking for in a lender? Integrity? Quality? Consistency? Reliability? Respect? Those are our values. What is important to you is important to us. Our wholesale lending department is large enough to provide the strength and flexibility you need, while still delivering the personalized level of service you deserve.We are a direct FNMA, FHLMC seller-servicer, and direct GNMA issuer. Additionally, we are one of a select handful of lenders who are direct Farmer Mac. We understand your business because it’s our business, too. We know the importance of your clients to your success—and …

Sep 24 2016

mortgage relief program

#Mortgage-relief program extended – CBS News AP (MoneyWatch) The Home Affordable Mortgage Program, or HAMP, the government-sponsored program that offers incentives to banks to lower borrowers’ mortgage payments, is set to be extended a further two years. HAMP was set to expire at the end of this year, but despite the recent signs of a recovery in housing sales and prices, government officials said it makes sense to extend the life of the program to help homeowners who are in financial distress. Since 2009, about 1.2 million homeowners have had their mortgages permanently modified, resulting in lower payments. Under HAMP, …

Sep 24 2016

mortgage marvel

#Mortgagebot Launches New Mortgage Exchange, Mortgage Marvel 5B6%5D.jpg” /% One of the great promises of the Internet is a better shopping experience. While most retail products have indeed become easier to shop for t hink automobiles or vintage postcards the financial services experience is still a mixed bag. It s certainly much easier to compare savings rates online, a capability that has fueled growth at ING Direct and others. But loans are still much harder to shop for. The lead-generation sites, such as BankRate. GetSmart. LendingTree and Interest.com. have made it easier to contact multiple lenders, but in most cases, …

Sep 24 2016

fixed mortgage rates

#Mortgage Types Our mortgages How fixed rate mortgages work You choose a number of years to fix your rate for usually two, three or five. For this fixed period, your monthly payments will stay the same. After your fixed rate period you move onto the Standard Variable Rate (SVR). A fixed rate mortgage might suit you if: you prefer to know exactly what you need to pay month to month during the fixed rate period. Pros With a fixed rate mortgage you can budget for a set period of time. If the Bank of England base rate goes up and …

Sep 24 2016

mortgage trends

#Mortgage Trends Show Credit Tightening and Rise in Strategic Default Behavior Mortgage Trends Show Credit Tightening and Rise in Strategic Default Behavior The past five years have shown a substantial change in the mortgage industry. While exotic mortgages, no down payment/no documentation/no income verification loans, and the belief that house values could only trend up were once the norm, conditions today include falling home prices, tighter credit, regulations and wariness on the part of all players in the mortgage market. For regulators and policymakers, the challenge continues. They must understand these mortgage trends and their impact on the overall market …

Sep 24 2016

mortgage underwriter jobs

#Mortgage Underwriter Jobs in The UK – 103 Job Vacancies Found Senior Mortgage Underwriter Ipswich Our client, a successful and well-respected financial services organisation, are recruiting for a Mortgage Underwriter. to manually underwrite and process new. Bracknell Due to continued success this growing company are looking to recruit an experienced Mortgage Underwriter. Bracknell Due to continued sucess this growing company are looking to recruit and experienced Mortgage Underwriter. Birmingham As an Underwriter you will be making and assessing mortgage applications and subsequently making final lending decisions. Senior Mortgage Underwriter Ipswich, Suffolk Applications to offer whilst providing support, coaching and training …

Sep 24 2016

mortgage questions

#What To Ask When You Apply For A Mortgage – Mortgage Basics Here are 10 key questions to ask at application time to compare mortgage offers. 1. What is the interest rate on this mortgage? Ask for the lender’s loan estimate, which breaks down the interest rate and fees. It will include the annual percentage rate, or APR, which accounts for the interest rate, points, fees and other charges you will pay for a mortgage. 2. How many discount and origination points will I pay? Lenders may charge discount points, origination points or both. One point is equal to 1 …

Sep 24 2016

mortgages for teachers

#Mortgages for Teachers When looking for the right mortgage, it is all too easy to only consider the major banks and have a look at what they offer. That is the case for any professional, including Teachers. However, there are smaller, secure lenders out there who specialise in certain fields. For the Teaching profession there is one lender that certainly merits consideration, and that s TBS. As a consistent winner of the What Mortgage Awards year on year, the Teachers Building Society has a firm foundation, offers great service and currently offers competitive products. They are endorsed by the National Union of …

Sep 24 2016

variable rate mortgage

#Mortgages: Fixed-Rate Versus Adjustable-Rate Fixed-rate mortgages and adjustable-rate mortgages (ARMs) are the two primary mortgage types. While the marketplace offers numerous varieties within these two categories, the first step when shopping for a mortgage is determining which of the two main loan types – the fixed-rate mortgage or the adjustable-rate mortgage – best suits your needs. Fixed-Rate Mortgages As you can see, the payments made during the initial years of a mortgage consist primarily of interest payments. The main advantage of a fixed-rate loan is that the borrower is protected from sudden and potentially significant increases in monthly mortgage payments …

Sep 24 2016

10 year fixed mortgage rates

#Mortgages: are you ready for a 10-year fixed rate? Are Britain’s mortgage borrowers ready for the decade-long fix? Banks and building societies seem to think so, as they have been rushing out 10-year fixed-rate mortgage deals. On Tuesday, Santander launched its “lowest-ever” 10-year mortgage, where monthly payments are fixed at 3.44%. Hours later, TSB waded in with its own “market-leading” 10-year fixed deals, with rates starting from 3.44%. However, while the Santander loan comes with a 995 fee and ties in borrowers for the full 10 years, the TSB deals have no product or application fees, and enable customers to …

Sep 24 2016

century 21 mortgage

#Mortgages – CENTURY 21 Scheetz Founded in 2005, Stonegate Mortgage Corporation (NYSE: SGM) is a leading, publically-traded integrated mortgage company that originates, finances and services agency and non-agency residential mortgages through its network of retail offices and approved third party originators. Stonegate Mortgage also provides financing through its fully integrated warehouse lending platform, NattyMac. Stonegate Mortgage’s operational excellence, financial strength, dedication to customer service and commitment to technology have positioned the firm as a leading provider in the emerging housing finance market. ©2015 CENTURY 21 Scheetz. CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. Equal …

Sep 24 2016

cherry creek mortgage

#Mortgages in Arizona – Arizona Mortgages from an Arizona Mortgage Specialist Mortgages in Arizona with a true Arizona Mortgage Specialist hen you’re in need of a mortgage in Arizona, including FHA Loans, VA Loans, Conventional, HARP, Jumbo, USDA, or any type of mortgage, you deserve a hassle-free, on-time loan process. The Kelly Zitlow Group is not a call center, we take the time to listen to and understand your needs and goals. My team and I promise you an unmatched level of personal service. We’re committed to providing an honest, well-communicated and knowledge-based lending experience. I’m an Arizona Mortgage Specialist …

Sep 24 2016

mortgage jobs

#Mortgages jobs Refine your search Found 419 jobs Paraplanner City of London £35000 – £40000 per annum + Benefits IDEX Consulting Ltd We are partnered with a true financial planning business that works with wealthy private clients, families and investors. 1 day ago Add to shortlist Mortgage Advisor Various locations across the UK £19,500 – £31,900 (depending on location) + excellent benefits TSB To support our goal of bringing more competition and choice to the UK market, we are looking for a professional mortgage advisor. Mortgage Administrator An excellent opportunity is available for an experienced Mortgage Administrator to join a …

Sep 24 2016

house mortgage

#Moving House – Mortgage Company of Ireland Moving House We have great rates available and 1,000 incentive available from some lenders. Typical maximum facility is 80% of purchase price – 20% deposit required. Facilities 80% available on a case by case basis (subject to mortgage requirement being less than 3.5 times gross income) Impartial mortgage advisers Excellent mortgage rates Independent advice on all related life insurance issues Low cost solicitor and surveyor options Prepare well and save money

Sep 24 2016

home mortgage lenders

#Nation’s top 2 mortgage lenders see big jump in originations RuthMantell The country’s No. 1 and 2 mortgage lenders reported strong growth for new home loans, according to financial reports released Tuesday that point to a housing market that’s picking up some steam. Wells Fargo WFC, +0.19% the largest U.S. mortgage producer, reported that second-quarter originations hit $62 billion, up 32% from a year earlier. Meanwhile, J.P. Morgan Chase JPM, +0.07%  said its originations reached $29 billion, up 74% from a year earlier. “It was a strong quarter” for the purchase market, John Shrewsberry, Wells Fargo’s chief financial officer, told …

Sep 24 2016

federal mortgage relief

#National Mortgage Settlement: Can You Benefit? If you had or have a mortgage serviced by Ally/GMAC, Bank of America, Citibank, JPMorgan Chase, or Wells Fargo, you might get mortgage relief under the National Mortgage Settlement. The National Mortgage Settlement of 2012 required that certain banks (Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo) provide extensive relief to borrowers in the form of loan modifications, refinancing, and even cash payouts. Read on to learn more about the National Mortgage Settlement. The National Mortgage Settlement Over the past few years, state and federal investigations into mortgage foreclosure activities revealed extensive …

Sep 24 2016

mortgage loans rates

#MSU Federal Credit Union Home Loan Rates as of 07/21/2015 as low as 5.000% Mortgage Loan Terms APRs are based on $100,000.00 and points indicated and does not include prepaid finance charges. Jumbo APRs based on $417,000.00 and points indicated and does not include prepaid finance charges. Fixed 60-day lock. Processing/rate lock fee for mortgage accounts: $500.00, due at the time your rate is locked. Rates can be locked at your request by signing a rate lock and paying the required fee. Closing/Settlement fee for mortgage accounts: $350.00 plus third party costs. Rates are available for Fixed-Rate Mortgages, Jumbo Mortgages …

Sep 24 2016

upside down mortgage

#What to do if youre upside down in your home It doesn’t seem like you’re getting ahead if the values of both your home and portfolio are going backward. The stock market has certainly tested the mettle of Americans in the last 15 months. Declining home values are even tougher to take. Some 16 percent of American households — one out of six — are underwater, according to Moody’s economy.com. Among those who bought a home in the last five years, nearly a third (29 percent) owe more on their homes than they are worth, according to Zillow.com. Having negative …

Sep 24 2016

wells home mortgage

#NEA Home Financing Program: Mortgages NEA Home Financing Program: Mortgages Whether you’re buying a home or refinancing, getting a competitive rate on a mortgage is easier than ever with the NEA Home Financing Program ® offered through Wells Fargo Home Mortgage. NEA Member Bonus Receive a $500 award card through My Mortgage Gift SM program when you close your purchase or refinance loan with Wells Fargo Home Mortgage. 1 To be eligible for the My Mortgage Gift SM program, you must submit a membership verification form with your loan application package. You can download a printable, pre-filled membership verification form …

Sep 24 2016

nationwide advantage mortgage

#Nationwide Advantage Mortgage Company Careers and Employment About Nationwide Advantage Mortgage Company Allied Group is central to many Midwesterners. A subsidiary of multiline insurer Nationwide Mutual, the company provides a variety of property/casualty insurance products including auto, farm, and homeowners policies. In addition Allied Group, also known as Allied Insurance, offers specialized commercial policies for small to midsized businesses, along more. with coverage for home-based businesses. The group includes such units as AMCO Insurance, Depositors Insurance, Nationwide Insurance Company of America, and Allied Property and Casualty Insurance, which work through about 4,000 independent agents, as well as a direct-response marketing …

Sep 24 2016

mortgage help programs

#Need help paying your mortgage? • We Can Help! Hardest Hit Alabama (HHA), a foreclosure prevention program, is available for homeowners struggling to pay their mortgage payments. The State of Alabama was allocated approximately $162 million to provide assistance for financially distressed homeowners. The U.S. Department of Treasury’s “Hardest Hit Fund” is authorized under the Emergency Economic Stabilization Act of 2008 and is available in 18 states and the District of Columbia. HHA offers programs including mortgage payment assistance for unemployed homeowners, as well as loan modification and short sale options for borrowers facing financial hardships. HHA assistance is available …

Sep 24 2016

nationwide advantage mortgage

#Nationwide Advantage Mortgage Uses Fiserv LOS and Servicing Solutions to Cut Costs and Provide Industry-Leading “Premier Service Fiserv Lending Solutions, a unit of Fiserv, Inc. (NASDAQ:FISV), said Nationwide Advantage Mortgage Company (NAMC) of West Des Moines, Iowa, has created a unique, accelerated, customer-centric lending business through the integrated, end-to-end deployment of UniFi(R) PRO Mortgage loan origination software (LOS) and the MortgageServ(R) loan-servicing system from Fiserv. NAMC is a subsidiary of Nationwide Mutual Insurance Company, one of the world’s largest insurance and financial services companies, with more than $148 billion in assets. From its Central Iowa headquarters, NAMC conducts its mortgage …

Sep 24 2016

nationwide mortgage

#Nationwide – Mortgage Account Login Nationwide Mutual Insurance Company, Nationwide Mutual Fire Insurance Company, Nationwide Life Insurance Company, Nationwide Life and Annuity Insurance Company and Nationwide Investment Services Corporation are affiliates of Nationwide Bank. The insurance products and services offered through these affiliates of Nationwide Bank are not insured by the FDIC or any federal government agency, nor are they guaranteed by, deposits of or obligations of Nationwide Bank. The products and services offered through Nationwide Investment Services Corporation are subject to investment risk, including possible loss of value. Programs (including, without limit, fees, rates and features) are subject to …

Sep 24 2016

reverse mortgage information

#New Mexico Reverse Mortgage Information – (505) 897-4900 Some of us live in urban cities while many are in smaller quaint towns. Others choose the lush mountains and some choose the desert serenity.  Many folks even choose Red one day and Green the next! It isn t a foolish question, but outside our borders, people don t understand the question, Would you like Red or Green?   Even though in many ways we live in a diverse state, every single one of us understands what is being asked.  So, it is in your best interest to work with local specialists who are familiar with …

Sep 24 2016

mortgage reduction program

#New mortgage program offers lower payments Don Ryan, AP When the housing bubble burst, it set off a wave of foreclosures. When the housing bubble burst, it set off a wave of foreclosures. less The federal government on Wednesday announced a new loan modification program designed to help many more struggling homeowners than previous initiatives by requiring no documentation of income or financial hardship. Under the Streamlined Modification Initiative, borrowers with loans backed by mortgage finance giants Fannie Mae and Freddie Mac must be at least 90 days delinquent on their mortgages and and make three trial payments on time. …

Sep 24 2016

worthington mortgage

#New South Mortgage- Products TMM and New South Mortgage, the Worthington’s special Mortgage Team, offers a variety of loan programs to meet your needs. Fixed rate, fixed term, Conventional mortgage loans, 10, 15, 20, 25, 30 years. Max. Loan $417,000. Rate and term never change for the life of loan Adjustable Rate Mortgages. 5/1, 7/1 Libor Initial rate is fixed for either 5 or 7 years, based on a 30 yr amortization. After the initial fixed period, rate adjusts annually up or down, based on the Libor index plus a margin. Has max adjustable caps. FHA and VA insured Mortgages. …

Sep 24 2016

cornerstone mortgage

#New Jersey Mortgages Cornerstone Mortgage Group offers premier mortgage services for New Jersey residents. Whether you are looking for a home loan to purchase your first home or looking to get a better mortgage rate on your current house, our New Jersey mortgage specialists can help you achieve your home financing goals. Cornerstone Mortgage Group offers multiple mortgage loan programs including FHA Loans, Conventional Mortgages, VA Loans, and Reverse Mortgages. No matter what your unique situation is, Cornerstone Mortgage Group is here to help you find the best Mortgage program to suit your needs. FHA Mortgages For New Jersey residents …

Sep 24 2016

mortgage notes

#What to know before buying mortgage notes – The Washington Post By Harvey S. Jacobs April 19, 2013 Last of three parts Buying mortgage notes can provide the savvy investor with secure returns without the hassles and risks of buying and flipping a fixer-upper, locating tenants for a rental condo or unclogging toilets. When most folks think about mortgage notes they think about industry giants such as Bank of America or Wells Fargo. According to Mortgage Bankers Association estimates, these institutions will originate $1.3 trillion in residential mortgages this year. But there is a subset of the mortgage market called private …

Sep 24 2016

mortgage insurance companies

#Newly aggressive FHA puts squeeze on private mortgage insurers By Sweta Singh and Tanya Agrawal Fri Jan 9, 2015 1:43pm EST By Sweta Singh and Tanya Agrawal Jan 9 (Reuters) – Private mortgage insurers in the United States may have to cut premiums to better compete with the Federal Housing Administration, which plans to reduce premiums in the government’s latest attempt to encourage first-time homebuyers. Companies such as MGIC Investment Corp and Radian Group Inc have been regaining market share over the last year after the FHA was forced to raise premiums to replenish its dwindling cash reserves. Now, with …

Sep 24 2016

mortgage lawyers

#New York Real Estate Lawyers: NY Lawyer, Attorney, Attorneys, Law Firms Need help with a Real Estate legal matter? You’ve come to the right place.  Whether you are a buying or selling a house, or own property like a condo, single family residence, or commercial real estate, a real estate lawyer may help. Need a lawyer in New York? FindLaw’s Lawyer Directory is the largest online directory of lawyers.  Browse more than one million listings, covering everything from divorce to white-collar crime to estate planning. How do I choose a lawyer? Consider the following: Comfort Level – Are you comfortable …

Sep 24 2016

bad credit home loans

#No Credit Check Home Loans Are Easy To Obtain Simple Process The process for getting the home loan started is simple. The first step is to complete the application and send it off to the lender for approval. Each lender will have different requirements for qualifying for the loan. You should check the requirements with the lender of your choice before applying. Even though there is not a credit check required the lender will still complete a background check. This includes the lender checking the applicant’s character as well as employment status and even the family background. Some lenders will …

Sep 24 2016

national mortgage news

#NMP Media Corp. Publishers of National Mortgage Professional Magazine National Mortgage Professional Magazine: Your source for the latest on originations, settlement and servicing that connects the mortgage professional community under one media format. We have assembled an exceptional team of monthly contributors, all with meaningful expertise in their respectful disciplines, to the most up-to-date news, insight and advice for today s mortgage professional. In addition, the Magazine is defined by elements of editorial interactivity, as we focus on generating an ongoing dialogue of collaboration with our readers through user-generated content and different forms of social networking. With this in mind, …

Sep 24 2016

bad credit mortgage lenders

#No Credit Mortgages – Bad Credit Loans The Evolution In Lending For Individuals, Real Estate Agents Credit Repair professionals, Car Dealers, Commercial or Business Projects or anyone that needs a loan or has clients that need high quality financing! Mortgage Loans based on your ability to pay! No Appraisals, No Credit Checks, No PMI Mortgage Hardship Program, Home Loan Payoff Program and Bad Credit ok and Much More! Three Easy Steps: 1. Become A Member — 2. Fill Out Simple Loan Form — 3. Receive Your Letter of Intent Find Out How – Register For Our Online Webinar ! In …

Sep 24 2016

nova home loans

#NOVA® Home Loans 1 480 отслеживающих Посмотреть, как вы связаны О компании NOVA® Home Loans NOVA® has served the lending needs of its customers for more than 30 years. NOVA has 26 branches nationally. NOVA is licensed to lend in Alaska, Arizona, California, Colorado, Florida, Illinois, Kansas, Oklahoma, Oregon, Utah, New Mexico, Nevada, Washington, Texas and Virginia. NMLS#3087 | BK#0902429 | NOVA® is an Equal Housing Lender. | http://www.nmlsconsumeraccess.org | http://www.novahomeloans.com ALASKA Alaska Department of Commerce, Community Economic Development: Divison of Banking Securities AK3087 AK3087-1 ARIZONA Arizona Department of Financial Institutions Mortgage Banker License: BK0902429 Branch licenses (15): BKBR0901119 BKBR0901120 BKBR0901122 …

Sep 24 2016

second mortgage loans

#Northeast Family Federal Credit Union – Lending – Second Mortgage A Credit Union second mortgage or home equity loan is a great way to pay off existing high interest debt, finance an auto purchase, tuition, or home repair, and the interest you pay may be tax deductible on your federal income tax return! Fees No application, appraisal or recording fees. Second mortgage loans over $50,000 in first lien position or without verifiable title insurance on a First Mortgage will require title insurance. This is a one-time premium paid by the member at closing and the cost is determined by the …

Sep 24 2016

first franklin mortgage

#No. 4 of The Subprime 25: First Franklin Corp. Subprime loans may have sunk BankUnited FSB Total high-interest loans 2005-2007: At least $68 billion Federal bailout money received: None. However, Bank of America’s purchase of Merrill brought with it $10 billion from the Troubled Asset Relief Program. In addition, PNC Financial Services Group reportedly used a portion of the $7.6 billion in TARP money it received to buy National City in 2008. Company overview Status: CLOSED. In March 2008, First Franklin and NationPoint closed all wholesale and retail loan operations. History: Founded by brothers William and Steve Dallas, First Franklin …

Sep 24 2016

commercial mortgages

#NRG Mortgages Ltd News A commercial mortgage is probably the best way to finance the purchase of buildings and land for business purposes, it provides the most flexible and affordable finance solution. Your property may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority do not regulate commercial mortgages. Mortgage loans of this type are tailor made for purchasing any commercial property used for business purposes including shops, factories, offices and warehouses. Commercial mortgages can also be used for taking over an existing business, purchasing a brand new building or buying land. Although they …

Sep 24 2016

ny mortgage rates

#NYCB Mortgage Direct Contact Us NOW! AmTrust Bank and Ohio Savings Bank are the two most recent additions to a respected banking family that has been serving customers and communities for more than 150 years. As Divisions of New York Community Bank, AmTrust Bank and Ohio Savings Bank together account for 68 of our 272 branches—26 in southern Florida, 14 in central Arizona, and 28 in northeast Ohio, where AmTrust was established as Ohio Savings Home Loan and Building Co. in 1889. Our franchise in Arizona includes 11 branches of AmTrust Bank acquired in December 2009 and three branches of …

Sep 24 2016

obama mortgage plan

#Obama’s Mortgage Refinance Plan: Is My Loan Fannie or Freddie? Directors Mortgage When President Obama announced his plan to save America from the clutches of taxing mortgage, some welcomed while others lambasted it. But opinions aside, the US government is still finessing the process to end the housing crisis that nearly brought doomsday upon the US housing market and, ultimately, the American dream. The plan mostly calls for a refinance of mortgage. Among the requirements to be eligible for Obama s housing plan include the item that your loan must be owned by either Fannie Mae or Freddie Mac. In …

Sep 24 2016

obama mortgage relief

#Obama offers mortgage relief to millions of homeowners WASHINGTON President Barack Obama announced on Tuesday a cut in fees on many government-backed mortgages that he said could help millions of homeowners refinance, part of an election-year push to boost the shaky U.S. housing market. Under the plan, a typical borrower with a loan backed by the Federal Housing Administration could save a thousand dollars a year by refinancing into a new FHA loan, the White House said. The fee reductions would be on top of any savings from a lower interest rate. Two million to three million borrowers would be …

Sep 24 2016

obama mortgage plan

#Obama’s Mortgage Plan Faces Hitch as Market Boosts Rates – Bloomberg Business (Bloomberg) — After the release of President Barack Obama’s plan to make housing more affordable by cutting mortgage-insurance premiums charged by a federal agency, bond investors responded by pushing up interest rates on the same loans. The announcement caused Ginnie Mae-backed mortgage securities used by lenders to package and sell Federal Housing Administration-insured loans to fall the most since June. That boosted yields on securities that guide FHA borrowing costs to a greater degree than other mortgage debt, signaling a larger increase in rates on the loans for …

Sep 24 2016

mortgage insurance rates

#Obama, in Bid to Ease Home Buying, Cuts Mortgage Insurance Rate – The New York Times Obama Announces Housing Plan in Arizona The president visited Arizona to herald gains in the recovering housing market and announced a housing initiative to lower annual mortgage insurance premiums. PHOENIX — President Obama announced on Thursday new measures to try to assist a still-sluggish housing market, even as he hailed an economic recovery that he said was finally roaring ahead. Speaking in Arizona, a state that was hit hard by the country’s mortgage crisis, Mr. Obama said his decision to lower insurance rates on …

Sep 24 2016

fha mortgage rate

#Obama to reduce FHA mortgage premium rate to spur buying The rate drop announcement will be a centerpiece of President Barack Obama’s trip to Phoenix on Thursday. Obama is making stops in Michigan, Arizona and Tennessee this week, drawing attention to the themes he intends to highlight in his State of the Union address on Jan. 20. The lower insurance fees would have a modest impact on sales, with the administration forecasting an increase of as much as 250,000 over the next three years. That pales in size to the broader market, representing an increase of less than 2 percent …

Sep 24 2016

amortization table

#Online Loan Amortization Schedule: Printable Loan Repayment Chart The Full Monthly Repayment Chart and Understanding Your Payment Allocations No one factor affects the cost of purchasing a house more than length of the loan. This may seem like a no-brainer, but so many people look only at the monthly cost and never consider the total cost. That is a huge error. Using our amortization calculator you can enter various scenarios to reveal the true cost of the place you will call home any other type of loan. Compare a 30-Year Loan It can’t be expressed enough that you should almost …

Sep 24 2016

mortgage bankers association

#Ohio Mortgage Bankers Association Stivers Introduces Transitional Licensing Bill On May 29th, led by Representative Steve Stivers (R-OH), a group of bipartisan House members introduced legislation to amend the  SAFE Mortgage Licensing Act  to provide a temporary license for mortgage loan originators, transitioning between federally-insured depositories and non-depositories, as well as across state lines under the state licensing system. Representatives Terri Sewell (D-AL), Lynn Westmoreland (R-GA), Joyce Beatty (D-OH), Luke Messer (R-IN), Kyrsten Sinema (D-AZ) ), and Ed Perlmutter (D-CO) joined the bill as original cosponsors. The bill’s introduction comes on the heels of tremendous advocacy conducted by MBA members …

Sep 24 2016

amortization table

#Online Amortization Schedule Calculator Loan Payment Schedule Help Every loan has four primary attributes or variables. (1) The loan amount, (2) the number of payments, (3) the annual interest rate and (4) the payment amount. Enter any 3 values and zero (‘0’) for the unknown value. Click the [Calc] button to solve for the unknown and create a schedule. Note: you can enter a non-zero value for all 4 variables. In that case, your inputs will be used to create the amortization schedule. The Loan Date is the date the monies are advanced. It is also called the origination date …