Lendance.com Personal Finance Topics Archive: August 2006
Appraisers Address Mortgage Fraud and Default: Colorado has one of the highest foreclosure rates in the country, as well as an astounding number of mortgage fraud cases. While some of the fraud takes place due to mortgage professionals, some appraisers have had enough.
Added August 1st, 2006 -- Click here to read more!
Higher Rate Refinancing May Be Beneficial: Mortgage rates are now sky high and most people would think that now is not the time to be refinancing at a higher rate. But in some cases, the move to a higher rate mortgage could make sense.
Added August 2nd, 2006 -- Click here to read more!
California Has Two Largest Lenders: The title of largest residential mortgage lender has a tie and both companies are located in California. During a review of second quarter earnings among lenders, the two companies exceeded the rest.
Added August 3rd, 2006 -- Click here to read more!
Raise in Mortgage Rates May Reflect Fraud: Though the two issues may seem barely related, the current rise in mortgage rates may be one of the contributing factors to the rise in mortgage fraud. As rates go up, people become desperate for help, opening the door for fraud.
Added August 4th, 2006 -- Click here to read more!
Mortgage Companies Turn to Offshoring: Mortgage lenders are finding out that one way to save money and cut costs are to offshore as much work as possible. Though the move may be great for profits, it is starting to hurt mortgage professionals.
Added August 7th, 2006 -- Click here to read more!
Mortgage Payments Still Low After Re-Refinancing: A few years ago the trend was to get as big a mortgage as you could for as little as you could. Many of these were exotic or adjustable mortgages; now as the fixed period of time is up, some homeowners are renewing their exotic mortgages.
Added August 8th, 2006 -- Click here to read more!
Mortgage Company Gets Direct Marketing: A Virginia-based mortgage company has decided to go with UCN’s software to improve direct sales. The technology will support the company’s direct response marketing initiatives.
Added August 9th, 2006 -- Click here to read more!
Inflated Appraisals Cause Problems: Amid all the disclaimers about mortgage fraud, homeowners are now starting to have to worry about a different problem. During the real estate boom of the past few years, appraisal values of homes were inflated beyond market value.
Added August 10th, 2006 -- Click here to read more!
Mortgage Applications Down Again: The mortgage market has begun to resemble a low level roller coaster as many people keep a wary eye on events. Applications for home loans fell for a second week after a short revival a month ago.
Added August 11th, 2006 -- Click here to read more!
Are Mortgage Points a Good Idea: Mortgage rates continue to be high and many homeowners are trying to reduce their mortgage. But is paying points on your mortgage really beneficial?
Added August 14th, 2006 -- Click here to read more!
Online Seminar Started for Mortgage Professionals: A new series of web-based seminars has been started by an electronic mortgage document company. The series caters to mortgage professionals, discussing the industry and ways to succeed.
Added August 15th, 2006 -- Click here to read more!
Massachusetts Foreclosures Up: Massachusetts has experienced a large jump in the number of foreclosures. The trend of foreclosing will continue according to the data released for the second quarter of the year.
Added August 16th, 2006 -- Click here to read more!
Mortgage Market Slows Condo Projects: Condos had been a staple for prospective homebuyers as single-family home prices soared. In response, the price of condos has gone up; but the demand for condos has now gone down.
Added August 17th, 2006 -- Click here to read more!
Company Caters to Mortgage Offshoring: Though some mortgage professionals are questioning the idea of offshoring mortgage work, one company sees the industry trend as a way to clean up. The company has decided to monitor and assist companies that wish to offshore.
Added August 18th, 2006 -- Click here to read more!
Foreign Mortgages Hard for US Lenders: The idea of having a second home in the US is loosing its appeal, since a lot of families can afford a new primary home. But buying a house in another country may be harder than one thinks, since US lenders are very little help.
Added August 21st, 2006 -- Click here to read more!
Little Change Likely for Mortgage Rates: Analyst are expecting a small dip in mortgage rates over the next few weeks, but warn that the drop will not be drastic or long lived. The possible reduction would be in response to a continued slowing in the housing market.
Added August 22nd, 2006 -- Click here to read more!
New York Offers Protection ARM Mortgage: A New York mortgage company revealed a new product today in response to the current market. The product is an adjustable rate mortgage that can increase only a little, but can drop if the national index goes down.
Added August 23rd, 2006 -- Click here to read more!
Three Week Drop for Mortgage Rates: The end of this week showed a third dip in mortgage rates, inciting belief that the mortgage market may strengthen. The third strait drop in rates has not dropped them significantly, but the trend is enough to inspire hope.
Added August 24th, 2006 -- Click here to read more!
Summer May Not be Hot Time for Homes: Summer is most notably the time of year when the housing industry booms. But due to cost inflation, high fuel bills and abnormally high rates, this summer may be a time to stay where you are.
Added August 25th, 2006 -- Click here to read more!
Retirement with a Mortgage: As a person nears their retirement years, the last thing they want to concern themselves with is a mortgage. Here are a few tips as to how to manage retirement while paying a mortgage.
Added August 28th, 2006 -- Click here to read more!
Appeal of Reverse Mortgages: In the new market, many seniors are turning to reverse mortgages to improve their lifestyle. While a reverse mortgage can be better than refinancing, the appeal of a reverse mortgage can be tricky.
Added August 29th, 2006 -- Click here to read more!
New York Mortgage Most Expensive: Most of the nation is noticing the rise in mortgage rates with dismay. In New York, though, the cost of getting a mortgage is higher than anywhere else in the US due to an assortment of fees.
Added August 30th, 2006 -- Click here to read more!
Mortgages in Low Demand: Mortgages have been slowing down over the past few months due to market conditions. But banks are now expecting that the quality of loans that they will be bringing in will go down as well.
Added August 31st, 2006 -- Click here to read more!
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