New Secret Bank of America HPO Short Sale Details Leaked
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Aug 07, 2010 – Details that Bank Of America has begun a new short sale program in an effort to stave off an increasing foreclosure inventory have leaked. The new program is called the HPO short sale program in which a Bank of America representative known as a [...]
Mortgage News for 5-12-10
The Mortgage Bankers Association reports: Rates for 30-year fixed mortgages have fallen to their lowest level in six weeks, according to Freddie Mac. The average rate for 30-year fixed-rate mortgages was 5 percent this week.
National Mortgage News reports: Beginning June 1, lenders originating mortgages being sold to Fannie Mae will have to pull a second [...]
Palmetto Heroes Program
New loan program available through SC State Housing that allows for 100% financing for teachers, firefighters, EMS, and police! There is a max limit of $7000 in down payment assistance (3.5% of a 200K house), which may or may not be forgivable, depending on income levels. There [...]
Monday Mortgage Update 3-1-10
Mush of the optimism about the pace of economic recovery evaporated last week, as economic news turned mostly sour. Consumer confidence plunged, and both new, and existing, home sales slowed considerably. While mortgage rates moved upward in last week’s Freddie Mac survey, they may begin trending downward if economic news this week continues to point to a [...]
New Regulations for the Truth in Lending Act
This Thursday, July 30th, new regulations will go into effect that revise the Truth In Lending Act (TILA), changing the way loan terms are disclosed and mortgage fees are collected. The changes are a result of a provision in the Housing and Economic Recovery Act (HERA), which was passed by Congress in July 2008. The [...]
Monday Mortgage Update 6-15-09
Thank you to Katie Mahoney, Carolina One Mortgage, 843-345-7009, for providing this info.
Mortgage rates started last week where we left off the week before – on the rise. However, Thursday market sentiment seemed to change, and we saw a reversal, with mortgage rates ending the week slightly better than where we started. What has caused [...]
Fixed-Rate Mortgage Rates Rise
Rates follow long-term bond yields, pushing 30-year fixed-rate to 4.91%
By Amy Hoak, MarketWatch
CHICAGO (MarketWatch) — Rates on fixed-rate mortgages rose this week as the financial markets tried to discern the state of the economy, Freddie Mac’s chief economist said on Thursday.
The 30-year fixed-rate mortgage averaged 4.91% for the week ending May 28, up from last [...]
The First Time Home Buyer Tax Credit Explained
I know I have had a lot of mortgage market posts lately. However, things are changing so quickly that i feel it is really relevant and important information for all of my clients to be aware of. Please see below from Katie Mahoney, Carolina One Mortgage, 843-345-7009:
Everything You Need To Know About The $8,000 First [...]
Changes to Mortgage Insurance Guidelines
Here are some very important changes in the mortgage market that could affect a lot of people. This comes from Katie Mahoney, of Carolina One Mortgage, 843-345-7009.
Monday Mortgage Update 1-26-09
There are some very important changes taking place with mortgages soon that, as your trusted mortgage adviser, I wanted to be sure you knew about. This update may take you more than two minutes to read, but it’s NEWS YOU NEED TO KNOW!
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