Refinancing Your Mortgage? Here Are Ways to Lower Costs
With rates dropping, columnist Terri Cullen advises her brother and his wife on how to negotiate fees when refinancing their home loan.
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Appraisal contingency good idea in offer (Reg Req'd) Last week I answered a question from a reader who had an appraisal done on a property as part of his mortgage application to buy the home.via
Citigroup chief quits after big mortgage-linked losses (Seattle Post-Intelligencer) NEW YORK -- Charles Prince, the chairman and chief executive of Citigroup Inc., resigned Sunday amid billions of dollars in losses from bad investments in mortgage-related debt.read more...
Back from the ashes A York County charity, destroyed by fire, will soon be back-up and running. The York Benevolent Association lost its building to arson earlier this year.read more...
Mortgage lending picks up (Reuters.co.uk) Underlying mortgage lending rose by 5.1 billion pounds in November, well above growth of 4.3 billion pounds in October and the strongest rise since July 2004, BBA said. read more...
Spreading Risk Around Isn't the Answer You have heard the complaint: In our home loan system, nobody worries about the risk because they pass it on to the next player in the chain. If everyone in
Mortgage rates tumble after Fed testimony The 30-year fixed mortgage rate fell to 6.77 percent this week in Bankrate's survey, and it's unlikely to move much until investors see what the Fed will do next.read more...
February 14th, 2008
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