Mortgage Payment

Your Mortgage Payment is the amount of the principal and interest to be paid to the lending financial party. The mortgage payment frequency is usually monthly, but can be bi-monthly as well. Email this to a friend?Tweet This!Share this on FacebookPost this to MySpaceSubscribe to the comments for this post?Share this on LinkedinShare this on [...]

Black and Latino families more likely to face foreclosure, says study

November 18, 2009 Mortgage Financing

In the midst of the current housing crisis, black and Latino families are more likely to have their homes fall into the foreclosure process, according to a recently released report from the William C. Velasquez Institute.
The report found that in selected foreclosure regions, black and Latino homeowners had up to nine times the frequency of [...]

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MHA program affected by unneeded delays, has converted 300,000+ mortgages

December 14, 2009 Mortgage Financing

President Barack Obama’s Making Home Affordable mortgage adjustment program has seen the amount of homeowners engaging in the process to lower their payments approach three-quarters of one million, but also been plagued by unneeded delays, according to a new government report.
According to new data released by the Treasury on December 10, the Obama Administration’s MHA [...]

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California considering reverse mortgage law

July 13, 2009 Mortgage Financing

The California Assembly’s judiciary committee has approved a bill that would impose a duty of "honesty, good faith and fair dealing" on those involved in the recommendation and sale of reverse mortgages.
The bill, sponsored by state Senator Lois Wolk, also requires banks to provide a checklist of issues that a potential borrower must discuss [...]

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Zillow tracks declining rate of mortgage applications

October 13, 2009 Mortgage Financing

Despite yet another week of cheap mortgage options for borrowers spurred by the continued drop of all types of mortgage rates, the volume of mortgage applications declined slightly according to the Zillow’s Mortgage Rate Monitor.
According to the real estate website’s monitor for the week ending October 11,the average interest rates for 30-year fixed-rate mortgages (FRM) [...]

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Bloomberg: Treasury Department considering new plan to purchase tax-exempt mortgage bonds

September 28, 2009 Mortgage Financing

The U.S. Treasury Department may be planning a new program that will be in place by the end of the month to help low-income borrowers their mortgages and avoid falling into foreclosure.
According to Bloomberg, who spoke to a Treasury official on the condition of anonymity because no plans have been officially announced yet, the new [...]

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Mortgage delinquency rates signal more foreclosures

July 21, 2009 First Time Mortgages

Based on the delinquency rates of mortgage loans in California, home foreclosures should continue rising in the near term, according to real estate experts.
Statewide, foreclosures have increased for three consecutive months. In Oakland County, residential foreclosures soared to 940 in June, putting the county on track to break the 8,000 mark for the second straight [...]

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Mortgage Payment