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current mortgage refinance rates News

FHABacked Loans: The New Subprime BusinessWeek Online Via Yahoo News

As if they havent done enough damage. Thousands of subprime mortgage lenders and brokers many of them the very sorts of firms that helped create the current financial crisis are going strong. Their new strategy: taking advantage of a long standing federal program designed to encourage homeownership by insuring mortgages for buyers of modest means.

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U.S. MBAs Mortgage Applications Index Decreased 6.2 Last Week Bloomberg

Nov. 19 Bloomberg Mortgage applications in the U.S. dropped last week as demand for home purchase financing slumped to an almost eight year low. The Mortgage Bankers Associations index of applications to purchase a home or refinance a loan fell 6.2 percent to 398.6 for the week ended Nov. 14, from 425 the prior week.

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Columbia Bank Is An Approved FHA Mortgage Lender PR Newswire Via Yahoo Finance

Columbia Bank today announced that it has begun accepting applications for Federal Housing Administration Residential Mortgage Loans within New Jersey.

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Regions Program Helps Keep Residential Mortgage Foreclosures Low Business Wire Via Yahoo Finance

BIRMINGHAM, Ala. Regions Financial Corporation today announced that it has reached out to over 103,000 residential first mortgage and home equity customers in the first year of its program to help customers avoid hardship.

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DeLeverage Your Wallet The Motley Fool Via Yahoo News

There are plenty of lessons to be gleaned from our current economic turmoil. One of the most important ones is so simple that evidently all the Wall Street suits thought it beneath them. The silly little rule they ignored Leverage is bad. In other words, borrowing money to buy stuff you cant afford doesnt always work out so well.

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