Managing closing expenses The closer to the end of the month, the lower the interest cost, Dr. Don says.via
Bimini Mortgage Stock Down on Dividend Cut (AP via Yahoo! Finance) Shares of Bimini Mortgage Management Inc. fell sharply Wednesday after the company announced its dividend would be significantly lower than a year ago.read more...
Some worry mortgage defaults may hit car loans (Denver Post) Bonds backed by automobile loans may be hurt by rising subprime mortgage defaults as people with poor credit struggle with their household debt, according to Standard & Poor's.read more...
Utah's bad mortgage-fraud rating hurts interest rates (Casper Star-Tribune) SALT LAKE CITY (AP) -- Utah's reputation for being among the worst in the nation for mortgage fraud wasn't just a black mark on the state. It meant lenders have
U.S. files civil charges against former Fannie Mae chief The government on Monday filed civil charges against former Fannie Mae chief Franklin Raines and two other executives, seeking fines and the return of millions in bonus money.Commentread more...
Colonial National Mortgage Hires Branch Manager, Five Loan Officers in Columbus, Ohio (PR Newswire via Yahoo! Finance) Six new loan officers, including Branch Manager Mitch Daniels, have joined Colonial National Mortgage's Columbus office.via
Mortgage rates jumped to the highest level in nearly a year, according to Freddie Mac. So if you have an adjustable-rate mortgage – or you’re just worried about making those monthly payments – we’ll tell you what to do now.
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