Real Estate Investors Daily » Financing http://realestateinvestordaily.com News, Information and Resources for the Real Estate Investor Thu, 17 May 2012 17:52:45 +0000 en hourly 1 http://wordpress.org/?v=3.1 Mortgage Rate Update; How does amortization work? http://realestateinvestordaily.com/financing/mortgage-rate-updatehow-does-amortization-work/ http://realestateinvestordaily.com/financing/mortgage-rate-updatehow-does-amortization-work/#comments Wed, 16 May 2012 19:09:24 +0000 Robert Fishel http://realestateinvestordaily.com/?p=4379 By committing to a mortgage loan, the borrower is entering into a financial agreement with a lender to pay back the mortgage money, with interest, over a set period of time. The borrower’s monthly mortgage payment may change over time depending on the type of loan (Fixed, ARM, Interest Only, etc.). However, for this article, we will address the typical 30 year fixed Principal and Interest loan program. So… [...] Related posts:
  1. Mortgage Rate Update; Why Refinance? With interest rates at all time lows, it is worth...
  2. Mortgage Rate Update; The Benefits of ARM’s Even though over the past few years, ARM’s (adjustable rate...
  3. Mortgage Rate Update; Do I need to sell my home to buy another? Do I Have To Sell? No you do not have...
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  1. Businessmen, Loan Officer, and Title Company Attorney Indicted for Wire Fraud and Money Laundering in a Multi-Million-Dollar Mortgage Fraud Scheme HOUSTON—Two Houston businessmen, a mortgage company loan officer, and a...
  2. Florida Loan Officer Sentenced in Connection with $2.5 Million Reverse Mortgage Fraud and Loan Modification Scheme Louis Gendason, 42, of Delray Beach, Fla., was sentenced...
  3. FBI Report Shows Mortgage Fraud Continues at Elevated Levels The FBI released it’s Mortgage Fraud Report for 2010 showing...
Related posts brought to you by Yet Another Related Posts Plugin.]]> http://realestateinvestordaily.com/financing/how-to-protect-yourself-from-mortgage-fraud/feed/ 0 Mortgage loan delinquencies drop to lowest rate since 2009 http://realestateinvestordaily.com/financing/mortgage-loan-delinquencies-drop-to-lowest-rate-since-2009/ http://realestateinvestordaily.com/financing/mortgage-loan-delinquencies-drop-to-lowest-rate-since-2009/#comments Fri, 11 May 2012 16:35:32 +0000 Dennis Norman http://realestateinvestordaily.com/?p=4367 More good news on the housing market! The national mortgage delinquency rate (borrowers that are 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78 percent according to a report issued by TransUnion. This is after increases in the delinquency rate in the prior 2 quarters and is the lowest rate since the 1st quarter of 2009. [...] Related posts:
  1. Mortgage delinquency rate increases for first time since 2009 This morning, Trans Union released a report showing the national...
  2. Mortgage delinquency rate declines by largest rate in two years This morning, Trans Union released a report showing the national...
  3. Mortgage delinquencies continue to decline; good news for the real estate market! The U.S. mortgage loan delinquency rate was 7.57 percent of...
Related posts brought to you by Yet Another Related Posts Plugin.]]> http://realestateinvestordaily.com/financing/mortgage-loan-delinquencies-drop-to-lowest-rate-since-2009/feed/ 0 Mortgage Rate Update; Why Refinance? http://realestateinvestordaily.com/financing/mortgage-rate-updatewhy-refinance/ http://realestateinvestordaily.com/financing/mortgage-rate-updatewhy-refinance/#comments Wed, 09 May 2012 21:08:43 +0000 Robert Fishel http://realestateinvestordaily.com/?p=4360 With interest rates at all time lows, it is worth the few minutes to do a mortgage check up and determine if a refinance would be beneficial to your situation. Since there are many reasons a homeowner may choose to refinance, we’ll take a look at the few most common reasons to consider a refinance. [...] Related posts:
  1. Mortgage Rate Update; FHA Lowers Mortgage Insurance Premiums for loans endorsed before June 1, 2009 Under this program, up-front mortgage insurance premiums will be reduced...
  2. Mortgage Rate Update; The Benefits of ARM’s Even though over the past few years, ARM’s (adjustable rate...
  3. Mortgage Rate Update; What is Private Mortage Insurance (PMI)? Mortgage Insurance, also know as Private Mortgage Insurance, is...
Related posts brought to you by Yet Another Related Posts Plugin.]]> http://realestateinvestordaily.com/financing/mortgage-rate-updatewhy-refinance/feed/ 0 Mortgage Rate Update; Cash-To-Close must be Seasoned and come from the Proper Source http://realestateinvestordaily.com/financing/mortgage-rate-updatecash-to-close-must-be-seasoned-and-come-from-the-proper-source/ http://realestateinvestordaily.com/financing/mortgage-rate-updatecash-to-close-must-be-seasoned-and-come-from-the-proper-source/#comments Wed, 02 May 2012 19:49:41 +0000 Robert Fishel http://realestateinvestordaily.com/?p=4349 Whatever funds the borrower intends to use to close a transaction has to be sourced and seasoned. Providing proper asset documentation and the actual source of the funds is a critical element of the approval and closing process. There’s nothing worse in a real estate purchase than making it all the way through the hoops and hurdles of the approval process just to have a loan fall apart due to the borrower not using an acceptable source of funds in order to close. In other words, “Mattress Money” is no longer a legitimate source. [...] Related posts:
  1. Mortgage Rate Update; What is Private Mortage Insurance (PMI)? Mortgage Insurance, also know as Private Mortgage Insurance, is...
  2. Mortgage Rate Update; FHA good alternative for many home buyers In this tighter credit environment, FHA remains to be a...
  3. Mortgage Rate Update; Do I need to sell my home to buy another? Do I Have To Sell? No you do not have...
Related posts brought to you by Yet Another Related Posts Plugin.]]> http://realestateinvestordaily.com/financing/mortgage-rate-updatecash-to-close-must-be-seasoned-and-come-from-the-proper-source/feed/ 0 Mortgage Rate Update; What is Private Mortage Insurance (PMI)? http://realestateinvestordaily.com/financing/mortgage-rate-updatewhat-is-private-mortage-insurance-pmi/ http://realestateinvestordaily.com/financing/mortgage-rate-updatewhat-is-private-mortage-insurance-pmi/#comments Wed, 25 Apr 2012 20:51:11 +0000 Robert Fishel http://realestateinvestordaily.com/?p=4329

Mortgage Insurance, also know as Private Mortgage Insurance, is required by lenders on conventional home loans if the borrower is financing more than 80% Loan-To-Value.

Private Mortgage Insurance (PMI) allows borrowers to purchase a property by qualifying for conventional financing with a lower down payment. Private Mortgage Insurance protects your lender against non-payment should [...] Related posts:

  1. Mortgage Rate Update; FHA Lowers Mortgage Insurance Premiums for loans endorsed before June 1, 2009 Under this program, up-front mortgage insurance premiums will be reduced...
  2. Mortgage Rate Update; Mortgage Insurance Premiums Increase for FHA Loans Acting FHA Commissioner Carol Galante recently announced a new premium...
  3. Mortgage Rate Update; Do I need to sell my home to buy another? Do I Have To Sell? No you do not have...
Related posts brought to you by Yet Another Related Posts Plugin.]]> http://realestateinvestordaily.com/financing/mortgage-rate-updatewhat-is-private-mortage-insurance-pmi/feed/ 0 Mortgage Rate Update; FHA Lowers Mortgage Insurance Premiums for loans endorsed before June 1, 2009 http://realestateinvestordaily.com/financing/mortgage-rate-update-fha-lowers-mortgage-insurance-premiums-for-loans-endorsed-before-june-1-2009/ http://realestateinvestordaily.com/financing/mortgage-rate-update-fha-lowers-mortgage-insurance-premiums-for-loans-endorsed-before-june-1-2009/#comments Wed, 18 Apr 2012 20:12:07 +0000 Robert Fishel http://realestateinvestordaily.com/?p=4310 Under this program, up-front mortgage insurance premiums will be reduced from 1.75% percent to 0.01 percent of the total loan amount for borrowers with FHA loans made before June 1, 2009. In addition, annual fees will be cut to 0.55 percent from 1.25 percent. This streamlined refinance program is available to borrowers who are current on their payments and may qualify even if they owe more than their homes are worth. [...] Related posts:
  1. Mortgage Rate Update; Mortgage Insurance Premiums Increase for FHA Loans Acting FHA Commissioner Carol Galante recently announced a new premium...
  2. Mortgage Rate Update; The Benefits of ARM’s Even though over the past few years, ARM’s (adjustable rate...
  3. Mortgage Rate Update; FHA good alternative for many home buyers In this tighter credit environment, FHA remains to be a...
Related posts brought to you by Yet Another Related Posts Plugin.]]> http://realestateinvestordaily.com/financing/mortgage-rate-update-fha-lowers-mortgage-insurance-premiums-for-loans-endorsed-before-june-1-2009/feed/ 0 Survey shows banks expect strategic defaults to increase in 2012 http://realestateinvestordaily.com/market-information-news/survey-shows-banks-expect-strategic-defaults-to-increase-in-2012/ http://realestateinvestordaily.com/market-information-news/survey-shows-banks-expect-strategic-defaults-to-increase-in-2012/#comments Mon, 16 Apr 2012 22:31:26 +0000 Dennis Norman http://realestateinvestordaily.com/?p=4300 FICO, a provider of analytics and decision management technology to the banking industry, today announced results from its latest quarterly survey of bank risk professionals which showed that almost half (46 percent) expect the volume of strategic defaults in 2012 to surpass 2011 levels as a result of more than 25 percent of U.S. homeowners owe more on their mortgages than their homes are worth. [...] Related posts:
  1. International survey shows 62 percent of Americans think now is a good time to buy a home; highest in survey The results of a survey conducted in eight countries for...
  2. Survey shows 8 in 10 people still say home ownership is a good investment In a presentation given at the International Builders Show, Jill...
  3. Survey shows over half American adults think housing recovery is years away UGH… According to a survey conducted by Harris Interactive® on...
Related posts brought to you by Yet Another Related Posts Plugin.]]> http://realestateinvestordaily.com/market-information-news/survey-shows-banks-expect-strategic-defaults-to-increase-in-2012/feed/ 0 Mortgage Rate Update; It’s not over till it’s over http://realestateinvestordaily.com/financing/mortgage-rate-update-it%e2%80%99s-not-over-till-it%e2%80%99s-over/ http://realestateinvestordaily.com/financing/mortgage-rate-update-it%e2%80%99s-not-over-till-it%e2%80%99s-over/#comments Wed, 11 Apr 2012 18:25:37 +0000 Robert Fishel http://realestateinvestordaily.com/?p=4294 And then it happens. The underwriter runs a new credit report just before closing and it turns out the prospective borrower had run up a credit card balance, buys new furniture/appliances etc. and now the new debt kills the loan. [...] Related posts:
  1. Mortgage Rate Update; The Significance to Credit Scores WHAT IS A CREDIT SCORE? Simply stated, credit scores...
  2. Mortgage Rate Update; FHA good alternative for many home buyers In this tighter credit environment, FHA remains to be a...
  3. Mortgage Rate Update; Mortgage Insurance Premiums Increase for FHA Loans Acting FHA Commissioner Carol Galante recently announced a new premium...
Related posts brought to you by Yet Another Related Posts Plugin.]]> http://realestateinvestordaily.com/financing/mortgage-rate-update-it%e2%80%99s-not-over-till-it%e2%80%99s-over/feed/ 0 Lending Tree says FHA’s change in guidelines may increase mortgage rates http://realestateinvestordaily.com/financing/lending-tree-says-fhas-change-in-guidelines-may-increase-mortgage-rates/ http://realestateinvestordaily.com/financing/lending-tree-says-fhas-change-in-guidelines-may-increase-mortgage-rates/#comments Mon, 09 Apr 2012 21:48:16 +0000 Dennis Norman http://realestateinvestordaily.com/?p=4290 According to the LendingTree Monthly Mortgage Review, average mortgage rates inched up in March, with more borrowers than ever taking advantage of low Federal Housing Administration (FHA) loan rates which averaged just 3.85 percent on a 30 year loan, almost 1/2 of one percent less than a conventional mortgage. However, according to the report, this may change soon as a result of the FHA adjusting its loan program guidelines and insurance premium structure which will cause the cost of a loan for future FHA borrowers to most likely increase. [...] Related posts:
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  2. Mortgage Rate Update; Mortgage Insurance Premiums Increase for FHA Loans Acting FHA Commissioner Carol Galante recently announced a new premium...
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