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Refinance Mortgage Broker Article

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refinance mortgage broker

Denver Post - Betterton, who is now considering paying off his second mortgage so he can refinance. David Erickson, a mortgage broker in Lynnwood, Wash., says he's had two refinancings declined by National City that "would easily have gotten approval six months ...

Some borrowers hit new snag in refinancing

Chicago Tribune - He wasn't seeking to increase his overall debt, his credit scores were solid, Fannie Mae approved the refinance transaction and his appraisal came in at $384,500 -- nearly $55,000 more than his combined mortgage balances. His broker submitted the ...

Second-mortgage issues join resetting rates for 1-2 punch

Santa Rosa Press Democrat - It is going to help some people," said Marty McCormick, owner of McCormick and Co., a Santa Rosa mortgage broker. ... homeowners with a $530,000 payment-option loan at 7.5 percent could save $607 a month if they could refinance into a 30-year mortgage ...

Jumbo loans get FHA backing

News.com.au - ... which markets home equity release loans to cash-strapped retirees, has until the end of the month to extend or refinance a ... BusinessDaily revealed last week that leading home lender and broker Mortgage House was also relying on a $750 million funding ...

Reverse lender ASF latest credit victim

San Jose Mercury News - ... let more homeowners with high-rate subprime mortgages refinance ... the stringent requirements to become a HUD-approved broker ... can cost more than $5,000 - many smaller California mortgage brokers have not sought HUD approval, and therefore can't broker ...

FHA boosts loan ceiling

Santa Rosa Press Democrat - ... 362,790 to as high as $729,750 in expensive areas, to let more homeowners with high-rate subprime mortgages refinance into ... It is going to help some people,” said Marty McCormick, owner of McCormick and Co., a Santa Rosa mortgage broker.

FHA ups mortgage limits in some California counties

Forbes - One couple said the same broker who had written their loan in 2005 promising he would help them refinance it to a 30-year fixed rate when the teaser rate of two percent expired refused to take their calls. Their mortgage on a $300,000 house ...

Families flock to foreclosure fairs

Bloomberg - ... their own securities to prevent failures and lower rates until they could refinance ... Lehman underwrote the bonds and is also the auction broker. ... The market has collapsed because of subprime mortgage- linked losses investment ...

Auction Bond Failures Near 70%; No Sign of Abating (Update1)

Star-Banner - Some homeowners will be able to refinance their property or otherwise catch up on late mortgage payments. ... is one example of fallout from the nationwide subprime mortgage crisis, said Ocala mortgage broker ...

Foreclosure filings nearly triple over same time in '07

Age - ... Swan wants people to "go down the road" if they're unhappy with their home loans, as mortgage ... They can have a big impact on how good a deal you're getting when, on broker Centric Wealth's calculation, people repay or refinance their loans on ...

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