Typically, if you want a lower interest rate, you have to refinance. Even if you keep your loan with the same lender, they require you to apply for a new loan, pay off the old loan, and start fresh with the new loan with the lower interest rate. Foreclosure News
Ocwen is refinancing $ 300 million of bonds backed by reimbursement rights to funds it has advanced on residential mortgages it services. The two new series of notes will both extend the maturity of the debt issued by the securitization trust and reduce the interest rate. Foreclosure News
Refinancing a mortgage would be the easiest way to help a homeowner bring a mortgage to date, but if the bank refuses, selling the home to get the equity out is better than foreclosure. Q: I need $ 8,000 to bring my mortgage to date. Foreclosure News
The Federal Housing Administration's financial health is benefiting from continued reductions in delinquencies and foreclosures, but the FHA is also losing some of its best customers at a fast clip. The “serious” delinquency rate on FHA-insured home loans dropped to 4.28% in the third quarter of fiscal year 2017, according to an FHA quarterly report […]
The VA loan , one of the most popular loan programs in America, was created at the end of World War II by the United States government to help returning service members buy homes. Since then, more than 22 million veterans and service members have taken advantage of this benefit to buy or refinance their […]
When a borrower asserts an alleged violation of N.C. Gen. Stat. 75-1.1 against a lender, the claim often presents a familiar fact pattern. Foreclosure News
Peoria taxpayers have a stake in the project, both through a multimillion-dollar loan to Matthews and through millions more in bonds issued for the project that are paid for from tax revenue coming from the hotel. The ultimate success of the Pere's refinancing push that Matthews had hoped to close by month's end still remains […]
The federal government has extended the deadline for Ohio homeowners to apply for a home refinancing program set up to help those hurt by the foreclosure crisis. The deadline for the Home Affordable Refinance Program, or HARP, is now Sept. Foreclosure News
Before you jump into the process, however, you should understand the parameters of the loan to determine if it is the right choice for you. The first step is to determine if Fannie Mae owns your existing loan. Foreclosure News