Cancelling PMI when Home Value Increases
Steve, who mentioned the Citi Home Rebate Mastercard I blogged about yesterday, also told me about his own experience with trying to get the PMI on his co-op mortgage cancelled.
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Mortgage Company Faces Federal Probe (KTAL Shreveport) Major mortgage lender, Countrywide Financial, is under federal scrutiny for suspected securities fraud, according to the New York Times. This comes as part of wider investigations into the ongoing mortgage
Mortgage payback will be $325 million (Kansas City Star) Thousands of Missouri and Kansas borrowers could receive refunds from Ameriquest Mortgage Co. following a $325 million settlement of predatory lending allegations.read more...
Sector Wrap: Mortgage Lenders (AP via Yahoo! Finance) Shares of mortgage lenders surged Friday after the Federal Reserve slashed a key borrowing cost, potentially easing the crunch on an industry that is strapped for cash.read more...
Most Don't See Bush Tax Cuts read more...
Fischer Francis to Buy `Cheap' Mortgage Debt as Subprime Ebbs (Bloomberg.com) June 26 (Bloomberg) -- Fischer Francis Trees & Watts plans to buy more U.S. commercial mortgage-backed securities relative to government bonds in coming months, Tokyo-based fund manager Naruki Nakamura said
Industry Has Image Problems to Overcome read more...