May 21, 2022

Errant Handling of Foreclosure Documentation to Prove Costly

Following the admission that they mishandled thousands of  foreclosures, three key mortgage lenders, along with other American financial companies will likely face a host of potential fines and law suits. In recent days, major lenders GMAC, Bank of America and JP Morgan Chase have all announced the suspension of  thousands of home foreclosures throughout the […]

Mortgage Applications Rise on Low Interest Rates

As a result of the lowest interest rates in decades, home mortgage applications rose 4.9% last week. According to the Mortgage Bankers Association, the gain was driven by a 5.7% increase in refinancing applications. New loans for purchasing homes rose by less than 1%. . Refinancing represents 82.4 percent of all new loan activity, its […]