Refinance Home Mortgage

Refinance Home Mortgage

To refinance home mortgage is to establish a new home mortgage loan with different terms than your existing home loan. The money from the new loan is then used to pay off your existing mortgage. Mortgage refinancing is desirable by someone who wishes to pay a lower interest rate, reduce their monthly payments or borrow [...]

Robert Bach: Commercial real estate declines already slowing

October 13, 2009 Mortgage Financing

With a bad credit situation and high unemployment leading to many dire predictions regarding the commercial real estate market, Grubb & Ellis senior vice president and chief economist Robert Bach sees the situation in a more positive light and thinks the market is already showing faint signs of improvement.
Utilizing second derivatives – which he described [...]

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Volume of mortgage applications at highest levels since May

September 11, 2009 Mortgage Financing

Demand for mortgage applications rose again, hitting their highest rates since late May, as rates continued to fall during the last days of August and the beginning of September, according to the Mortgage Bankers Association (MBA).
The Market Composite Index, which measures the volume of mortage loan applications for the MBA’s Weekly Mortgage Applications Survey, jumped [...]

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Bank of America profits reach $4.2 billion in first quarter

April 20, 2009 First Time Mortgages

Bank of America funded $85 billion in first mortgages during the first quarter of this year, helping more than 382,000 people either purchase a home or refinance their existing mortgage, the company announced today.As the largest private mortgage lender in the country, Bank of America’s first quarter earnings report released Monday could indicate that mortgage [...]

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Mortgage refinance activity falls, despite low interest rates

November 25, 2009 Mortgage Financing

In its weekly mortgage activity survey, the Mortgage Bankers Association revealed that fewer consumers elected to pursue mortgage refinancing last week.
The MBA’s Refinance Index was down 9.5 percent from the previous week’s figure, even as purchases were up 9.6 percent from the week before. However, last week’s downturn in refinance activity may just be a [...]

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Citigroup prevents 108,000 mortgages from going into foreclosure in accordance with HAMP

August 25, 2009 FHA Mortgages

Citigroup did its part to prevent its mortgage holders from falling into foreclosure, working to prevent 108,000 people with mortgages from falling into default and risking losing their house in the second quarter of 2009, the bank reported on Tuesday.
The 108,000 mortgages saved reflected a 29 percent increase over the amount that the company was [...]

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FHA mortgage lender launches ad campaign to educate borrowers

May 18, 2009 FHA Mortgages

Lend America, a direct-to-consumer Federal Housing Administration (FHA) lender, said today it is launching a new national advertising campaign to educate struggling homeowners facing foreclosure on the U.S. Government’s HOPE For Homeowners (H4H) foreclosure prevention program.
The new ad campaign – Relief Comes in the Form of Hope – premiered in the national print edition [...]

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