Mortgage Broker MN

Mortgage rates have been on a steady incline since reaching their low point in over 3 years just a few short weeks ago. Even with the Fed cutting rates twice last month and an expected rate cut coming in March, will rates go back down? The simple answer to this question is, probably not. It is m...

The U.S. Federal Reserve Board members have surely lost their share of sleep over the past couple of months and they are about to lose more. Last month the Feds cut interest twice in hope of stemming off inflation and slowing the mortgage fiasco that has gotten a grip on the U.S. economy but the...

Making the news today include Michigan’s loan modification issues, Montana’s mini refinance boom and New Yorkers getting the much need mortgage help that they need. As home values continue to decline in Michigan many homeowners are hoping that the new stimulus package will help them keep their h...

Future Planning Financial Strictly Mortgage For the second time this month the Federal Reserve has slashed key interest rates in hopes of stimulating the U.S. economy. Although the rate cut does not tie directly into mortgage rates, mortgage rates have been on a downward spiral for the past month...

Future Planning Financial Strictly Mortgage Thanks to the Federal Reserve’s emergency rate cut earlier in the week, fixed rate mortgages have declined for the fourth straight week in a row. The news has brought forth a refinance boom that could save many homeowners from their adjustable rate mort...

Future Planning Financial Strictly Mortgage State Assemblyman Ted Lieu is pushing for a bill that requires mortgage lenders to tighten up already strict guidelines to make sure homebuyers can afford their basic monthly bills before qualifying for a mortgage loan. This bill would also ban certain ...

Three mortgage lenders were ordered to pay $99 million in punitive damages to Missouri residents who were charged illegal fees on second mortgages.  On top of the $99 million in punitive damages, another $5.1 million in actual damages was ordered to be paid.GMAC Mortgage Group, one of the three l...

First Midwest Bancorp Inc. has decided to stop lending practices tied to traditional mortgage originations and has began to focus on reverse mortgages instead.  First Midwest Bancorp Inc. is one of the biggest locally headquartered banks in the Chicago area.  Cynthia Lance, executive vice preside...

Federal legislators are trying to pass a law that would give judges power over mortgage terms.  The law was passed by the House Judiciary Committee on December 12th but still has to pass through the House of Representatives, the Senate and the President.If passed, the new law would allow bankrupt...

1/3/2008 - According to a weekly survey released by Freddie Mac, 30 year mortgage rates in the U.S. fell to their lowest average in 4 weeks and are lower compared to last year at this time.The U.S. 30 year fixed mortgage rate fell to an average of 6.07 percent, which is 0.10 percent lower than la...