Mortgage

Mortgage refinance activity up due to lower interest rates

Mortgage refinance share of applications increased to 71.5%, according to the Mortgage Bankers Association.

Up front loan modification fees banned in California

These so called "cash up front" modification contracts have been used to dupe many consumers out of thousands of dollars.

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Incentives to provide affordable mortgages for working families

The program could assist many thousands of first time home buyers to successfully apply for mortgages this coming year.

MBA projects a less than one percent drop in home sales

The Mortgage Bankers Association (MBA) is projecting that total existing home sales for 2009

Mortgage applications up due to lower rates

Mortgage loan applications were up 17 percent

Fed proposes new mortgage lending disclosures

Some of the proposed changes include closed-end mortgage disclosures to highlight potentially risky features such as adjustable rates, prepayment pena

California foreclosure filings up nearly 10 percent in June

Owners of more than 100,000 California properties received foreclosure filing notices in June