High-Stakes Mortgage Fraud Trial Gets Under Way in San Francisco
At the heart of a mortgage fraud trial that opened Monday in San Francisco are millions of dollars in loans that never should have been made, the lawyer for a family estate told the jury in opening statements. U.S. Bank sued on behalf of a mortgage pool to try to recover $1 million from the estate following its sale of a property. The estate, in turn, has countersued the mortgage pool and others ... (Tue, 09 Feb 2010 04:46:50 GMT)

Federal Home Loan Bank of San Francisco's Board of Directors Appoints Three New Members to Affordable Housing Advisory ...
SAN FRANCISCO----The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed three new members to its Affordable Housing Advisory Council — Jasmine Borrego of TELACU; Joel Jacinto of Search to Involve Pilipino Americans ; and Dean Matsubayashi of Little Tokyo Service Center Community Development Corporation . (Mon, 08 Feb 2010 19:00:00 GMT)

Leonard Lucas of Love Funding's Boston Office Closes $3.8 Million Refinance Loan for Elderly Apartment Complex in ...
Boston, Mass., Feb. 8, 2010… Love Funding today announced that its Boston office secured a $3,829,500 refinance loan for a not-for-profit elderly apartment complex located in Trujillo Alto, Puerto Rico. Leonard Lucas, First Vice President with the national mortgage-banking firm’s Boston office, originated the transaction. (Tue, 09 Feb 2010 00:54:20 GMT)

Crucial Facts to Know About Refinancing Rochester Homes
Refinancing is a great alternative for mortgage payments, especially if the market agrees. Oftentimes, though, this move could potentially do more harm than good, which is why careful analysis and due diligence are important. (Mon, 08 Feb 2010 20:36:10 GMT)

Bullard: Fed Should Sell Mortgage Holdings Before Hiking Rates
Bullard: Fed Should Sell Mortgage Holdings Before Hiking Rates (Mon, 08 Feb 2010 23:42:59 GMT)

USDA triples direct loan funds available for low income families buying homes
The local USDA Rural Development office is looking for very low and low-income families to qualify for a home loan. (Mon, 08 Feb 2010 20:59:25 GMT)

Mortgage insurance won't last forever
Dear Dr. Don, I currently co-own a house, but will soon refinance so I can buy out the other party's interest in the property. We (me and the other party) have a conventional loan but I am getting an FHA loan to refinance. (Mon, 08 Feb 2010 21:12:01 GMT)

Refinancing options for homeowners underwater
Homeowners with a mortgage balance exceeding the property's current value know the futility of trying to get a refinance. Refinancing options for so-called "underwater" mortgages are limited because most lenders require some equity in the property — ideally about 20 percent. (Sat, 06 Feb 2010 06:07:29 GMT)

More Mortgage News >

Selecting the Right Mortgage for You

A mortgage is a loan you take out to buy a home. This loan covers the "principal" (purchase price of the house minus your down payment) plus the "interest," which is the fee a lender charges you to borrow the money. (More)

Flexible Mortgage Tips

Outlined below are some useful flexible mortgage tips. The most prominent addition in recent years to the mortgage industry has been the flexible mortgage. As the name implies, it offers greater flexibility than the traditional mortgage. (More)

Mortgage Terms Explained

Home Equity Loan Considerations

Taking a loan for financing that elusive vacation is a strict no-no. Moreover, home equity loans must also never be taken for day-to-day expenditures. This option should be saved for emergency needs only. (More)

Refinance Mortgage Loan – Tips on Refinancing Your Home Mortgage

Are You Ready for a Home Mortgage Loan?

A home mortgage loan is the largest debt that most Americans will take on in their lifetime. As such, making the decision to take out a mortgage is not one that most first time homebuyers take lightly. (More)