National Home Mortgage Finance Corporation

National Home Mortgage Finance Corporation

According to the latest Equifax National Consumer Credit Trends Report, the total balance of home finance write-offs year to date through September is $96.3 billion, representing a decrease of more than 22 percent from same time a year ago and a six-year low. Similarly, year-over-year changes in home financing total delinquencies (30-or-more days past due or in foreclosure) include: First mortgage: decreased 24.5 percent (from 7.94 percent to 6.00 percent); Home equity installment: …

Home Servicing Mortgage

Home Servicing Mortgage

When you get a mortgage, you may think that the lender will hold and service your loan until you pay it off or sell your home. That’s often not the case. In today’s market, loans and the rights to service them often are bought and sold. In many cases, the company that you send your payment to is not the company that owns your loan. A home is one of the most expensive purchases you’ll make, so it’s important to know who is handling your payments and that your mortgage account is …

Where to Refinance home mortgage?

Where to Refinance home mortgage?

Standard 30 year loan interest rates at Quicken Loans are available starting at 4.50% carrying an APR of 4.714% today. 15 year fixed rate mortgage interest rates have been quoted at 3.375% and an APR of 3.814% today. The 5/1 Adjustable Rate Mortgages at Quicken Loans are 2.875% and an APR of 3.10% . The best 30 year refinance loan deals stand at 4.50% at Quicken Loans today yielding an APR of 4.714% . The shorter term, popular 15 year refi fixed rate mortgages at the bank are …

American Home mortgage Complaint

American Home mortgage Complaint

The Texas Attorney General has decided to crack down on abusive mortgage servicing practices -after a FOX news 4 investigative piece that noted homeowner complaints involving their mortgage servicing company; American Home Mortgage Servicing, Inc. a/k/a AHMSI. In an earlier blog,Never missed a mortgage payment --but facing a foreclosure the video investigative report shed light on the types of complaints many borrowers these days have against their mortgage company. Just two …

Home mortgage amortization schedule Excel

Home mortgage amortization schedule Excel

You can use this little customized application in excel. You only have to make a few changes and change the number of rows for the number of years of payments: In this example, I used a Principal amount of $ 2, , , rate of 11% and Period of 20 years with equal installments. The interest charges for each year and the payment is displayed. In the first line, there are specific formulas: E2: =$B$2 F2: =E2*$B$3 G2: =-PMT($B$3, $B$4-D2+1, E2, 0, 0) (This is the meat of the application) …

Home mortgage Calculator Google

Home mortgage Calculator Google

Mortgage Calculator and Rates Access easy-to-use mortgage calculators and shop for real-time mortgage rates on the spot in this elegantly designed Zillow Mortgage Marketplace Android App, brought to you by the makers of the most popular platform of mobile real estate applications.* Calculate how much home you can afford, what your mortgage payment will be and whether it makes sense to refinance. Plus, receive personalized loan quotes from rated and reviewed lenders. You contact …

American Home Mortgage Foreclosures

American Home Mortgage Foreclosures

The national foreclosure pre-sale inventory is now at its lowest level since 2008, according to information from Mortgage News Daily. The online revealed on November 22 that Lender Processing Services (LPS) announced the record-breaking data that day, noting that the inventory now represents 2.54 percent of mortgaged homes . The rate dropped 3.23 percent from September to October and is close to 30 percent lower than October 2012 levels. There are now 1.276 million homes in the …

Marketplace Home Mortgage

Marketplace Home Mortgage

This is because the Zillow Mortgage Marketplace app now enables underwater homeowners to access relevant information and loan quotes for Home Affordable Refinance Program (HARP) and FHA Streamline Refinance. As such, the app has become the first and only mobile app to connect with lenders who are quoting these special government-backed underwater refinancing programs. In addition, the Zillow Mortgage Marketplace app has been updated with the following improvements: New Landing …

Metropolitan Home Mortgage

Metropolitan Home Mortgage

They started out with lots of promises but unfortunately they UNDER DELIVER.. My loan officer ? , Tiffany claimed that she could answer all my questions, but could only answer surface issues. When it came to questions about the costs of the no-cost loan, or other math related questions she forwarded me to a slick talking employee named Nick. The questions were never answered but after consuming so much of my time and effort, my husband & I acquiesced and signed the …

Home mortgage Debt Relief ACT

Home mortgage Debt Relief ACT

What is the Mortgage Debt Relief Act? The best way to explain this is to look at what happened prior to the Mortgage Relief Act: A homeowner finds that he or she can no longer afford their mortgage. At risk of default and foreclosure, the homeowner negotiates with the bank an option that avoids foreclosure (most likely a short sale or Loan Modification). The bank is legally required to report the amount of debt that is forgiven or cancelled to the IRS – the deficiency. The IRS …