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Bush meets Obama ahead of presidents' lunch - Boston GlobeWASHINGTON (Reuters) - President George W. Bush met successor Barack Obama for the second time at the White House on Wednesday ahead of a lunch with all living U.S. presidents some two weeks before Obama's inauguration. Bush, a Republican, and Obama ...
Low Mortgage Rates Have Many Refinancing - WMTWPORTER, Maine -- In this tough economy, News 8 is committed to help people save, stretch and protect their money. Mortgage rates continue to hover around 5 percent, the lowest in decades. But is this the right time to refinance? Due to the low rates ...
Mortgage Fraud: Beware the Wolf (Loan Officer) in Sheep's Clothing - 24-7PressRelease.comA retired mortgage banker turned consumer advocate creates a blog to advise US mortgage consumers to be wary of lenders offering deals that sound too good to be true. They may be accompanied by thousands of dollars in undisclosed/under disclosed ...
Mortgage rates...huh? - San Francisco ExaminerYou hear a rate drop announced on the news. You make a mental note to call your mortgage broker. It must be time to refinance, right? There’s a very simple answer to that question…maybe. I am not an economist. My head starts to spin when people ...
Mortgage-Bond Spreads Fall Amid Speculation of More Fed Buying - BloombergJan. 6 (Bloomberg) -- Yields on Fannie Mae , Freddie Mac and Ginnie Mae mortgage securities tumbled to the lowest since October 2007 relative to government notes, after the Federal Reserve began a $500 billion program to buy the bonds. The difference ...
Mortgage-Bond Yields Hit Lows on Speculation of More Fed Buying - BloombergJan. 6 (Bloomberg) -- Yields on Fannie Mae , Freddie Mac and Ginnie Mae mortgage bonds fell to record lows, dragged down by their declining spreads relative to government notes after the Federal Reserve began a $500 billion program to buy the bonds ...
Scott Mayerowitz Biography - ABC NewsScott Mayerowitz is a business reporter with ABC News. Since joining ABC News in March 2007, Mayerowitz has reported on the subprime mortgage mess and the government's reaction to it, unemployment , high gas and oil prices , the travel industry and ...
The Bust is a Boon - CNN MoneyWhen Scott Furr and his partner Damian Hetherington sold their North Carolina condo in 2003 and moved to Palm Beach County Fla., they intended to buy a house. It took a lot longer than they planned. "The real estate market was exploding here in ...
Lenders One, DocMagic Partner for Mortgage Loan Fulfillment - EarthtimesST. LOUIS - (Business Wire) Lenders One Mortgage Cooperative , a national alliance of mortgage bankers, has developed a partnership with Document Systems Inc. (DSI) to provide cooperative members with preferred pricing of DocMagic’s fully compliant ...
Citi backs measure to help avoid foreclosures - ReutersWASHINGTON (Reuters) - Financial giant Citigroup Inc will support a proposal in Congress to rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, Chief Executive Vikram Pandit said on Thursday. Citi had previously opposed ...
Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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