Is Refinancing Your Mortgage Worth It?
As recently as January, the average was 4.53 percent, according to mortgage giant Freddie Mac. That's good news for homeowners who are locked in at a higher interest rate and weren't able to refinance before rates began ticking up last year. The ... [...]
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Cheaper to Buy Than to Rent
Nationally, the average cost of homeownership, including mortgage, insurance, taxes and maintenance, is 38 percent less than the cost of renting, according to the Trulia data. This is an even bigger gap than last year, when Trulia estimated ... [...]
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Former radio host convicted of mortgage fraud
A federal jury convicted former national radio host Warren Ballentine on Friday of participating in Chicago-area mortgage fraud schemes that bilked lenders out of nearly $10 million. After a four-day trial, the jury deliberated about an hour and a half ... [...]
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TAUBE: When Ben Bernanke can't refinance
According to Bloomberg News, Ben S. Bernanke told a Chicago audience, “I recently tried to refinance my mortgage, and I was unsuccessful in doing so.” Laughter immediately filled up the auditorium, until he said with a straight face, “I'm not making ... [...]
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HLSS: A High-Yield Mortgage Play Without Mortgage Risk
Home Loan Servicing Solutions (HLSS) is a Cayman Islands-based mortgage servicing operation. The company purchases mortgage servicing assets, which are non-agency mortgage servicing advances, rights to non-agency mortgage servicing rights and ... [...]
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Radio host and self-styled “People's Lawyer” convicted of mortgage fraud
A federal jury took less than an hour Friday morning to find Ballentine, 43, guilty on six counts connected to a $10 million mortgage scam. Ballentine hung his head, frowned and mouthed the word “Man” as the verdicts were announced by U.S. District ... [...]
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It Shouldn't Hurt This Much to Get a Mortgage
Under normal circumstances, approving my mortgage application should be a no-brainer: High income, no debt, high credit score. The missus also makes a good income, has an almost-perfect credit score and has been working for the same business for 28 ... [...]
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Feds charge Northeast Ohioan with running nationwide mortgage rescue scheme
CLEVELAND, Ohio -- A Northeast Ohio man who ran a mortgage rescue company faces federal charges that he defrauded homeowners nationwide who were trying to save their homes from foreclosure. Robert Walker, 43, of North Royalton, convinced ... [...]
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Mortgage rates remain below 4%
The Mortgage Bankers Association reports a fat 12 percent increase in loan application volume from the previous week. Sixty-five percent those applications were to refinance existing loans, the highest share of mortgage activity since December 2013. [...]
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