In early 2018, the average percentage rate (apr) for credit cards was 16.35%, an all-time high. If the Fed has three rate hikes of 0.25% this year, that likely would push the average credit-card APR to 17.10%. Here’s how that interest-rate increase would affect monthly interest for consumers with $10,000 or $15,000 in credit-card debt.
7.6 Million Borrowers Underwater on Mortgages: Study New HARP Program Could Help More Than 6.7 Million. – February 7, 2012. According to a new study from DataQuick, the updates to the Home Affordable Refinance Program (the updated program is commonly referred to as HARP 2.0) could help as many as 6.7 million borrowers with loan-to-value ratios of more than 125% refinance their mortgages
But if many other judges are persuaded by Judge Grossman’s reasoning, an awful lot of mortgage debt could turn out to be unsecured, just like credit card debt. Going Far Beyond Their Legal Rights
Over the past several years, predatory lending practices have been prevalent in the area of home mortgages. Since home loans are backed by a borrower’s real property, a predatory lender can profit not only from loan terms stacked in his or her favor, but also from the sale of a foreclosed home, if a borrower defaults.
NAFCU: The credit union perspective on housing finance reform nafcu Proposed HMDA changes could offer ‘broad-based relief’ to credit unions The industry has long complained that gathering the data is confusing and costly but two plans issued by the CFPB could help lighten the burden for a significant portion of credit unions.
Fighting Mortgage Fraud\ MERS BLAKBODHISATTVA; 300 videos. Zillow Is Offering $1 Million and a Job to Anyone Who Can Help Improve Zestimate. Long-term U.S. mortgage rates rise for second.
In some mortgage transactions, the mortgage will designate MERS as the mortgagee (solely as a nominee for the lender). These loans are referred to as MERS as Original Mortgagee (MOM) loans. (In a deed of trust, MERS is designated as the beneficiary, to act as a nominee for the lender.)
The right card, used wisely, can help pave the way to a higher credit score-which in turn can lead to lower rates on other borrowing. To rebuild your credit, try a secured card, Blyskal says. You open the account with a cash deposit-say, $300-that usually defines your credit limit.
Homebuyers don’t know mortgage basics: Zillow obama housing scorecard: housing faces long journey ahead Job creation surges in June but U6 rate at 12.1% Pennsylvania mortgage foreclosure diversion program benefits servicers Philadelphia's Mortgage Foreclosure Diversion Program Is A. – Image: Diagram of the basic foreclosure process. The diversion program pauses the judicial process between steps 4A and 5A as shown here. Source: Flickr. The mortgage foreclosure diversion program essentially creates an alternative resolution to litigation for homeowners facing foreclosure and the lenders bringing the foreclosure actions.california job growth will speed up in 2015, driven by a surge in the construction industry. But keep the party hats in the closet: The expansion will be slower than last year’s. So says a.The latest data from the Obama Administration indicates housing is getting back on its feet. However, much like the last scorecard, these numbers are a reminder that the process is a slow one.Hear from the seasoned homebuyers with Trulia’s Mortgage 101. Are you a first-time homebuyer? Hear from the seasoned homebuyers with Trulia’s Mortgage 101.. Mortgage 101 – Breaking Down The Basics.. like, and trust. If you don’t know any mortgage bankers, then I recommend that you.
States Fight Back Against MERS Mortgage Fraud. For those of you wondering why so many localities are broke, here’s one small factor in the revenue drain. Counties typically charge a small fee for mortgage registration, roughly $30. But with MERS, you don’t need to pay the fee every time there’s an ownership transfer.
Once the loan has been assigned to MERS, the loan can be bought and sold any number of times later without recording an additional assignment. Don’t be surprised if you find out that your mortgage was assigned to MERS at some point. In most cases, there must be an assignment out of MERS’ name before the foreclosure can begin.
California bankruptcy court rules against MERS Pending home sales rise for 15th straight month *The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.Local Rules – USBC Eastern District of California: Home Page – Past Local Rules. The following General Orders remain in effect for the Bankruptcy Court in the Eastern District of California. The following General orders adopted local bankruptcy Rules or amended those rules. They are of historical importance in that they enact, amend, or rescind local rules.