Fixed-rate Vs. Variable-rate: What’s the Best Deal?
Many loans come in both fixed-rate and variable-rate versions. Making the right choice can save you a ton of interest.
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Fannie Mae Announces Eviction Suspension for the Holidays
Byadmin
WASHINGTON: Fannie Mae announced today that it will suspend eviction lockouts of foreclosed single-family properties during the holiday season. The suspension of eviction lockouts will apply to single-family and 2-4 unit properties from December 17, 2018 through January 2, 2019. Foreclosure News
Club’s woes continue
Byadmin
A Windham Superior Court judge has issued a decree of foreclosure on the Hermitage Club's Sawmill Inn property in West Dover. Foreclosure News
Hurricane season responsible for 10% of delinquent mortgages
Byadmin
While mortgage payment delinquencies are generally down across the country, they were explainably up in states hit by Hurricanes Irma and Harvey, resulting in a slightly raised annual delinquency rate, according to the October 2017 Black Knight Mortgage Monitor. Irma and Harvey can be blamed for a total of 229,000 “past due” loans, which represent…
Massachusetts mortgage loan officer gets 6 months in prison
Byadmin
A mortgage loan officer from Methuen, Mass., faces six months behind bars for her role in a conspiracy to defraud banks and mortgage companies. Vanessa Ricci, 41, pleaded guilty in March to one count of conspiracy to commit bank fraud. Foreclosure News
Radical new program saves Detroiters from brink of homelessness
Byadmin
According to all the major literature on the matter, the likelihood of them keeping their houses once they went up for sale in the annual Wayne County Tax Auction was minuscule. While the auction was always a gamble, increased interest in recent years had caused a general uptick in final sale prices. Foreclosure News
Phil Hardwick – Foreclosures and what they mean in Mississippi
Byadmin
Do not be surprised to discover that Frank is not from your mortgage company. Frank the Foreclosure Man is a composite I made up to describe what is generally referred to as a foreclosure specialist or foreclosure broker. Foreclosure News