In a mortgage fraud scheme that lasted from September 2006 to November 2008, a GMAC and Countrywide loan officer along with a New York Corrections Officer had received millions of dollars in mortgage loans by submitting false loan applications, fictitious leases, and false down payments to mortgage lenders. A federal grand jury on April 18, […]
(LoanSafe.org) – Current jumbo mortgage rates are mostly the same today, with the exception only one loan program that went up this morning at Wells Fargo. The 30-year fixed rate mortgage (FRM) increased at Wells Fargo under their home purchase program. Jumbo mortgages are loans exceeding $417,000 or $625,500 in high-cost areas. Additional loan products, rates […]
Current jumbo mortgage rates have remained mostly the same this morning at the nation’s top lenders. There were only a couple changes in loan programs over at Wells Fargo Mortgage. The 30-year fixed rate mortgage (FRM) increased at Wells Fargo under their home purchase program, while the 15-year FRM increased under their refinance program.
Here are the jumbo mortgage rates for the top lenders as of today 4/15/2014. Although jumbo loan programs fell at the nation’s top lenders yesterday, they appear to have spiked back up a bit this morning. A summary of these changes can be found below.
The term ‘VA loan’ can be heard frequently when discussing mortgages, but not everyone understands what a VA loan actually is, and what is required to obtain one. VA stands for ‘Veterans Affairs’, as VA loans are specifically intended for Veterans and Service Members who possess a valid Certificate of Eligibility (COE). They are usually […]
Here are the jumbo mortgage rates for the top lenders as of today 4/14/2014. Rates are a bit lower this morning than they were on Friday, with the exception of one mortgage program at Citi that had went up. At Citi, the 15-year FRM increased under their refinance program. The 5-year adjustable rate mortgage (ARM) decreased at […]
This article is about for profit school scams, slimy loans and students committing loan fraud by using mom’s identity to pay for multiple cosmetic surgeries. I know, it totally sounds like a bad script for an American trashy cable TV show. But this is a true story based on facts, rather than the imagination of a […]
Here are the jumbo mortgage rates for today 4/11/2014. Rates on jumbo loans appear to have gone lower once again this morning compared to what they have been over the past couple of weeks. Jumbo mortgages are loans exceeding $417,000 or $625,500 in high-cost areas. Additional loan products, rates and lock periods are available. If you are […]
Many things have changed in the loan modification process since the mortgage crisis of 2007 had officially began. What used to be a rogue process for struggling homeowners with no government checks and balances, has now morphed into a highly regulated sector of the mortgage servicing industry. These changes have proved to be a positive […]
Here are today’s jumbo loan rates for 4/9/2014. Rates on jumbo loans are pretty much the same as yesterday with some small changes at Wells Fargo noted below. Jumbo mortgages are loans exceeding $417,000 or $625,500 in high-cost areas. Additional loan products, rates and lock periods are available. If you are looking for the best jumbo loan rates […]
Who hasn’t wanted to burn their mortgage contract, and have their property free and clear of a loan? That would be true real estate and mortgage freedom. Well, here is a great news story of a church who has done just that from the Las Vegas Review Journal. It is about a church in Las […]
This is the LoanSafe loan modification resource guide. This page is dedicated to educating you about the loan modification process with articles, videos, podcasts and links to free help. If you need more comprehensive professional mortgage help along with example forms, hardship letters, income and expense sheets in a downloadable format, then we highly recommend […]
Here are today’s jumbo loan rates for 4/8/2014. Jumbo mortgage rates have remained mostly stable and or are a bit down to last week’s levels. The 30-year FRM for example is slightly above 4% with the highest rated 30-year loan being found under Wells Fargo’s refinance program. ARMs are still well below 4% and just above […]
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Mortgage times are tough for many loan officers all across the country. In fact, this may be one of the most difficult times in the past 15 years to make a living in the mortgage industry. Unfortunately, it looks like things will not get easier anytime soon. The severe lack of borrowers not able to […]
(Source: USDA) – USDA Rural Housing Administrator Tony Hernandez announced today that the agency’s home loan-guarantee program reached a record high in Tennessee as private lenders used the program to help 6,913 families and individuals buy a home in rural areas of the State during fiscal year 2013. The total private/public investment topped $846 million […]
The average rates that we report on a daily basis appear to be down this morning, with a few still going up. If you are shopping for a mortgage, please don’t hesitate to contact us and we’ll help you reach your goal of homeownership! Remember that interest rates may vary from one institution to the next. To […]
(Source: FBI) – A Troy man was sentenced today to serve 41 months in prison for loan sharking activities within the Albanian community, U.S. Attorney Barbara L. McQuade announced on Tuesday.
(Source: FBI) – United States District Judge Lawrence J. O’Neill sentenced Jayson Peter Costa, 41, of Bakersfield, to 78 months’ imprisonment today for his role in an extensive mortgage fraud scheme that ran from January 2004 to September 2007, United States Attorney Benjamin B. Wagner announced. Costa was ordered to self-surrender by May 5, 2014.
Home equity loans are a type of mortgage loan which differ from a first mortgage, otherwise known as a first lien that allows a borrower to purchase a property. These loans originate from a property owner’s equity and although first and second mortgages differ quite a bit, they still use many of the same terms. […]