All Posts Tagged With: "borrower"
FHA Mortgage Insurance Premium To Rise In 2012
Borrowers will pay more to get an FHA loan in 2012. The much-heralded payroll tax cut worked out by Congress will also raise the cost of an FHA mortgage by at least .2 percent and probably more in 2012. Think of it as a back-door tax increase. While the public was watching the payroll debate [...]
3Jan2012 | Peter G. Miller | 1 comment | Continued
VA Funding Fees Set Through September 2016
Military homebuyers finally got some clarity this week regarding the VA Funding Fee, a mandatory governmental charge applied to all VA loans that has been in a legislative limbo. The fee helps fund the VA Loan Guaranty program and ensures this long-cherished lending mechanism remains outside any Congressional appropriations process. Confusion took root this fall when [...]
28Nov2011 | Chris Birk | 0 comments | Continued
Why VA Loans Are More Important Than Ever
The last few years have proved a mixed bag for home buyers and homeowners alike. Borrowers who qualify have reaped the benefits of government-sponsored tax credit programs and record-low interest rates. At the same time, the subprime mortgage meltdown and ensuing financial crisis created a restrictive credit environment and made it significantly tougher for some [...]
14Nov2011 | Chris Birk | 0 comments | Continued
Spread the Word: Millions of Veterans Unaware of their VA Home Loan Benefits
The VA loan program has helped more than 18 million service members achieve the dream of homeownership since 1944. Today, these flexible loans remain the safest and most powerful lending option on the market for military borrowers and their families. Qualified veterans can purchase a home without having to spend money on a down payment, [...]
11Nov2011 | Chris Birk | 0 comments | Continued
Buying from a Bunker: Service Members Can Secure Home Loans While Abroad
Military members live on the go. From domestic reshuffling to extended overseas deployments, service members and their families face frequent relocation. Hassles and headaches can easily follow. All that moving can take a toll on finances and credit health. But serving overseas doesn’t mean military members have to hold off on their pursuit of a [...]
13Jul2011 | Chris Birk | 0 comments | Continued
Time Winding Down for First-Time Military Borrowers To Get Tax Credits
The government’s landmark tax credit program for first-time home buyers is starting to drift back in focus again as tax day approaches. The unique $8,000 credit for new buyers and $6,500 credit for existing homeowners helped inject stability into the slumping housing market during 2010. Consumers and some industry observers have pushed for a renewal [...]
3Mar2011 | Chris Birk | 0 comments | Continued
$624 Million Settlement Doesn’t Mean A Dime For Mortgage Borrowers
According to the State of New York it has now achieved a $624 million preliminary settlement from Countrywide Financial Corporation and its accounting firm, KPMG. The arrangement must be approved by a California judge, perhaps in September It is alleged that “Countrywide, one of the country Technorati Tags: borrower, Countrywide, KPMG, loan, mortgage, new york, [...]
20May2010 | Peter G. Miller | 0 comments | Continued
Judge To Lenders: Show Me The Note
With mortgage practices under fire on Capitol Hill and across the country, a federal court decision in Cleveland is now proving more important each day: Homeowners can’t be foreclosed unless mortgage owners actually go to court and prove they have the right to call the loan. At first this may seem unimportant. After all, when [...]
18Feb2009 | Peter G. Miller | 5 comments | Continued
How To Get A Successful Loan Modification (With Obama Update)
Is it possible to get a mortgage modification without being foreclosed or behind on your payments? For an increasing number of borrowers the answer is “yes” because recent changes in the mortgage industry now make loan modifications more likely than at any point since the financial meltdown began. For much of human history mortgage lenders [...]
22Jan2009 | Peter G. Miller | 8 comments | Continued
Who Should Loan Officers Represent?
For all the talk of foreclosures and failing lenders, the bottom line is this: The mortgage lending system is both sound and hugely successful. Despite the headlines, most borrowers are making payments. Even among subprime borrowers — the borrowers most in the news — 81 percent are making their monthly loan payments as of mid-2008. [...]
28Sep2008 | Peter G. Miller | 0 comments | Continued
© Copyright 