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Mortgage rate rises slightly - Press News
Mortgage rate rises slightlyPress News“Mortgage rates were subdued last week as ongoing geopolitical concerns and economic softness in Europe encouraged investors to buy U.S. mortgage-backed securities as a safe haven,” said Erin Lantz, vice president of mortgages at Zillow. “This week, we ...and more »

Mortgage ARMs becoming more popular: Here's why - The-review
Mortgage ARMs becoming more popular: Here's whyThe-reviewFigures just released by Freddie Mac show that ARMs represented about 10 percent of the mortgage marketplace in 2013, a share that is expected to reach 12 percent this year. The reasons for the new interest in ARMs is fairly plain: lower costs up front.and more »

New Jersey federal prosecutors played key role in Bank of America settlement - NJ.com
New Jersey federal prosecutors played key role in Bank of America settlementNJ.comAll federal prosecutors had to do was walk it over to the courthouse in downtown Newark, according to a federal official close to the investigation. It would allege in stark detail the rampant fraud in the sale of residential mortgage-backed securities ...and more »

AP News in Brief at 5:58 p.m. EDT - Merced Sun-Star
AP News in Brief at 5:58 p.m. EDTMerced Sun-StarBrantly's reappearance was festive and celebratory, a stark contrast to his arrival in an ambulance under police escort three weeks earlier, when he shuffled into the hospital wearing a bulky white hazardous materials suit. "I am thrilled to be alive ...and more »

The Fire This Time - PolicyShop (blog)
The Fire This TimePolicyShop (blog)And you can bet the mortgage that this time will be no different. ... And it's that racism—stark, in-your-face, never-ending, frequently murderous—that has so many African-Americans so angry and frustrated, so furious, so enraged. Black people all ...and more »

US farm credit looks safer than houses - Reuters Blogs (blog)
Reuters Blogs (blog)US farm credit looks safer than housesReuters Blogs (blog)Near-zero interest rates have kept mortgage costs down and made financial returns from farmland competitive with yields on government securities. That has ... The respective capital cushions in the farm and home lending arenas also provide a stark ...and more »

Fall of the Titans: The Story of African Bank & Lehman Brothers - CNBCAfrica.com
Fall of the Titans: The Story of African Bank & Lehman BrothersCNBCAfrica.comLike African Bank, Lehman Brothers decided to bank on the 2003 and 2004 housing boom, purchasing five mortgage lenders such as BNC Mortgage, a subprime lender, and Aurora Loan Services. Aurora in .... In a stark comparison, the announcement made by the ...

House prices, rail fares and David Cameron's holiday in the headlines - BBC News
BBC NewsHouse prices, rail fares and David Cameron's holiday in the headlinesBBC NewsIt quotes one estate agent citing the prospect of interest rate rises and new mortgage regulations - including caps on high loan-to-income lending - as key factors driving the slowdown. If readers feel ... However, as the Telegraph points out ...and more »

Pro Report: Obama blisters ISIL for Foley murder - Sullivan to face Begich for ... - Politico
Pro Report: Obama blisters ISIL for Foley murder - Sullivan to face Begich for ...PoliticoFrom the statement: “Jim Foley's life stands in stark contrast to his killers. Let's be clear about ISIL. They have rampaged across cities and villages — killing ... BANK OF AMERICA REACHES RECORD SETTLEMENT: Unnamed officials tell The Associated ...and more »

July Data Shows the Healthiest End to Spring Home Buying Season in Three ... - CNNMoney
July Data Shows the Healthiest End to Spring Home Buying Season in Three ...CNNMoneyWhile July growth may seem modest, it is in stark contrast to the housing indicators experienced over the last two years. In April 2013, mortgage interest rates began to increase significantly, making potential mortgage payments more expensive for home ...and more »

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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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