Monthly Archives: November 2007

The average rate on a 30-year U.S. mortgage with no upfront points fell 1/8 of a percentage point on Friday to 6-1/4 percent, according to BestInfo Inc. If the mortgage market on Monday continues in its current direction, rates may … Continue reading →

Don’t take no for an answer and don’t pay the 30% interest hike if you don’t have to.  Talk to your lender and talk early. When Domenico Colombo saw that his monthly mortgage payment was about to balloon by 30 … Continue reading →

At a press conference in Fresno, the governor said he had the support of major California mortgage lenders, including Countrywide Mortgage, GMAC, Litton and HomeEq. Together, they service more than 25 percent of the subprime mortgage loans, where most of … Continue reading →

A new Web site is aiming to do for home loans what Expedia did for travel. San Francisco-based LoanInsights bills itself as a virtual broker, giving consumers direct access to wholesale lending rates. It is now working in Washington, California, … Continue reading →

Four major home loan servicing companies on Tuesday promised to boost efforts to help California borrowers avoid going into default, including maintaining the initial interest rate on some loans due to reset to higher monthly payments.The move is the product … Continue reading →