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Tag Archives: home loan
Wells Fargo beat revenue expectations thanks to a push from mortgage originations, despite ongoing woes including the resignation of CEO John Stumpf and an ongoing scandal over the opening of millions of unauthorized accounts. Wells Fargo reported net income of … Continue reading
Starwood Property Trust Inc. plans to sell its European real estate loan servicing business Hatfield Philips International and has chosen Situs Group LLC as the preferred bidder, two people with knowledge of the matter said. HPI, which manages about 11.3 … Continue reading
There was a drop in mortgage applications in the first 3 months of 2016. RealtyTrac data shows that there were 1.4 million mortgage originations on residential properties (1 to 4 units) in the US, down 12 per cent from the … Continue reading
Bank of America has launched a new mortgage product which allows homebuyers to make a downpayment of just 3 per cent with no requirement for mortgage insurance. It is seen as a swipe at the FHA which requires insurance for … Continue reading
It took a while, but it seems one of the products often blamed for contributing to the housing collapse is back. A California-based credit union has announced the release of its 100% financing mortgage product. “We were seeing too many … Continue reading
Here is an email that I received from a lender. With home loans given to people with this low a credit score, is a real estate crash right around the corner?
Buying a house can be an exciting time in your life, but unfortunately, it can also be an expensive business and it is very important to start saving sooner rather than later. We’re in a buyer’s market at the moment, … Continue reading
There are various grant programs that are meant to assist first time home buyers. These grant programs can help you financially in making down payments or closing costs or by reducing the mortgage loan rates. It has been observed that … Continue reading
It seems like the buyers who call me every day understand more and more that they need to get prequalified for a mortgage prior to getting started with the homebuying process. Most also understand that shopping for the most competitive … Continue reading