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News about Mortgages:
Get a foreclosed house for cheap but be ready to work on it - Elkhart TruthELKHART -- With the housing market as it is, Joanna Bove and her husband figured they'd be able to get a steal on a foreclosed home. After sneaking a peek at a Goshen home originally appraised at $600,000 but now valued at $220,000, though, the ...
South Bend, Elkhart get $6 million in grants to combat foreclosures - 22 WSBTStory Created: Oct 1, 2008 at 7:58 AM EDT Story Updated: Oct 1, 2008 at 8:00 AM EDT South Bend and Elkhart have received more than $6 million in grants as part of a nearly $4 billion federal program designed to help communities impacted by high home ...
Local banks offer advice - Elkhart TruthELKHART -- Headlines of bank failures, storied investment banks collapsing and taxpayer bailouts are prompting consumers to search Web site and to ask questions of their local bankers. Officials at 1st Source Bank have been fielding inquires for ...
Reverse mortgage and get new car - Star News OnlineDear Mr. Berko: After nearly nine months of confusion, worry and indecision I’ve finally decided to apply for a reverse annuity mortgage. So I want to thank you for answering my questions months ago and putting up with me. When I get back from ...
Free legal help available to homeowners facing foreclosure - 22 WSBTStory Created: Sep 20, 2008 at 2:50 PM EDT Story Updated: Sep 20, 2008 at 11:50 PM EDT SOUTH BEND — There is free legal help available to low-income and elderly homeowners in Indiana who have defaulted on their mortgage and are facing a lawsuit ...
Takeover was the right thing to do - Goshen NewsPresident George Bush and Treasury Secretary Henry Paulson said Monday and Sunday they had no choice but take over the troubled mortgage brokerage firms Fannie Mae and Freddie Mac. We believe them, and so do investors. Once the news of the takeover ...
Some in Goshen don't like bailout idea - Goshen NewsBanks are in trouble. So much so that a $700 billion bailout is being suggested by Congress. The U.S. has taken extraordinary measures in recent weeks to prevent a financial catastrophe, which would have devastating implications for the broader ...
Town shows economic woes weighing on election - Boston GlobeWAKARUSA, Ind.— In this corner of America known as the RV capital of the world, Todd Brink once made a good living producing the gleaming behemoths that cruised the nation's open roads. He was prospering. So, too, was the industry. Then hard times ...
Restrictions on political yard signs questioned - WNDUThere’s apparently a thin line between supporting your favorite candidate and breaking the law when it comes to political yard signs. Some municipalities have ordinances that restrict the display of political yard signs. For instance, in South Bend ...
Downtown Higher Grounds adds space, lunch choices - Evening StarThe new owners of the downtown Fort Wayne Higher Grounds coffee house are looking to build their lunch business, and also are expanding to create space for meetings and conferences. Larry and Keith Yarnelle purchased the coffee shop at 101 W. Wayne ...

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Today's Mortgage Terms starting with G
Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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