Prepayment penalty surprise snarls refi
While a new lender must provide a good faith estimate of closing costs, it’s not the new lender’s job to divine that your old mortgage had a prepayment penalty, says Dr. Don.
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WHEDA loan program draws fire To state Rep. Steve Kestell, the question of whether a state agency should lend mortgage money to illegal immigrants is pretty simple.via
What is a mortgage accelerator payment? (Bankrate.com) Dear Dr. Don, What exactly is a mortgage accelerator payment, using a home equity loan or HELOC? We are three years into 30-year fixed rate loan at 5.125 percent. We
New chairmen named to head mortgage giants (Daily Press) The federal government has named chairmen to oversee mortgage finance companies Fannie Mae and Freddie Mac, which were seized earlier this month.
Existing Home Sales Fall For 5th Month Sales of existing homes fell for the fifth consecutive month in August as the once-booming housing market slowed further.Commentread more...
Mortgage lending weaker than expected in August (Reuters.co.uk) LONDON (Reuters) - Mortgage lending and consumer credit rose by less than expected in August, in a sign that last month's shock interest rate rise has dampened Britons' appetite for
Mortgage business shuttered (Delaware Online) Bank of America plans to discontinue a former MBNA Corp. mortgage business, based near St. Louis, which had specialized in providing mortgage services on behalf of other lenders.read more...