Roughly 40 states have some positive news to cheer upon. Last week the 5 big banks worked out a settlement of $26 Billion dollars over allegations of improper lending and foreclosure practices. Most of the funds will be used to work out principal reductions. Another portion will be used to reducing interest payments and will [...]
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As we embark into another year, Most of us are always wondering about which mortgage options are available and what kind of rates and fees are tied to those specific products. So let me share what I think will be the best mortgage options for 2012. Best Refinance Mortgage Options: Rate/Term Refinance: This [...]
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I was watching Fox Business News yesterday and confirmed it that MetLife is pulling out of the mortgage business. MetLife entered the market back in June 2008 when it bought a bunch of divisions of First Horizon Corp. They are now exiting out of this market 3 and 1/2 years later. This is [...]
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