TEXT-S&P raises Nationstar Mortgage ratings to ‘B+’ – Reuters
The outlook is stable. — At the same time, we also raised our rating on the firm’s senior unsecured debt to ‘B+’ from ‘B’. — The stable outlook reflects the firm’s improved earnings and strengthened strategic position, offset by the …
State’s high court hears suits against mortgage clearinghouse
The state Supreme Court heard arguments Thursday in two cases that could determine whether the nation’s largest electronic mortgage-tracking system has legal authority to foreclose on delinquent homeowners in Washington.
Deducting private mortgage insurance – Yahoo Finance
The Schedule A instructions include a work sheet, as does most tax preparation software, that homeowners can use to determine their reduced private mortgage insurance deduction amount.
Rate on 30-year mortgage rises to 3.95 percent
The average rate on the 30-year fixed mortgage jumped after standing pat for three straight weeks at record lows. But the rate stayed below 4 percent for the 12th straight week, keeping home-buying and refinancing attractive for those who can qualify.
Prototype of standardized monthly mortgage statement is released
The Consumer Financial Protection Bureau’s proposed statement is designed to provide clear information about the loan on a single page and wouldn’t change each time your loan is sold to a new servicer. Your monthly mortgage bill soon could get easier to understand, and it wouldn’t change each time your loan is sold to a [...]
Foreclosure Deal to Offer $17B Mortgage Relief – Bloomberg
Another $1.5 billion would be distributed to about 750,000 borrowers who have lost their homes to foreclosure, according to the letter. States that sign on to the agreement would get “immediate payments” to fund consumer protection and …
Rate on 30-year mortgage falls to record 3.87 pct.
The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
Rate on 30-year mortgage down to record 3.88%
The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so.
Pay off mortgage early to save money
An early mortgage payoff can net substantial interest savings compared to making scheduled payments for 15 or 30 years.
Rate on 30-year mortgage drops to record 3.89 pct.
Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates.