Tag Archive: mortgage rate

Jan 09

Mortgage Rate Prediction for 2013

2013MortgagePredictions

Fixed rate loans have been predicted to rise to 4.5% by the end of 2014. According to the October forecast by the MBA, the mortgage rates will stay fairly consistent throughout the next couple of years and will make a slow progression to 3.8% at the end of the year. In 2013, the rates have …

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Sep 20

Successful Foreclosure Case of the Week

These Florida homeowners were 3 months behind on their Chase mortgage when they started the process to save their home, they are our successful foreclosure case of the week. They were paying $2,549.56 PITI with an interest rate of 7.125%. By the time negotiations concluded the homeowners were 17 months behind and in active foreclosure …

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Aug 28

The Ins and Outs of America’s Recent Credit Rating Downgrade and How It Will Affect You

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Basically, the situation with the recent credit rating downgrade of the nation is comparable to what would happen if an individual’s score declined. The riskier the customer, the more they have to pay in order to borrow money, and unfortunately, if the government has to pay more, then so will you. Mortgages – Fixed rate …

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Aug 10

Fannie mae not immune to foreclosure lawsuit

fannie-mae

Amidst reports that Fannie Mae has actually been encouraging foreclosures rather than loan modifications, Michigan state officials are suing Fannie Mae. Despite the fact that the Obama Administration is supposed to be supporting homeowners who wish to be able to stay in their homes, this practice is being conducted by Fannie Mae. Michigan has experienced …

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Jul 22

Super Successful Loan Mods of the Week

Before: These Florida homeowners were past due $173,115.13 or 34 monthly mortgage payments. Their monthly payment was $2,174.71 with a fixed interest rate at 7%. After: Payment decreased by 1,154.38. Loan balance will be decreased by $108,241.18. Homeowners received a permanent loan modification with Bank of America with a new monthly mortgage payment of $1,020.33 …

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