Countrywide Name to be Retired in April
Sad news folks. On April 27, Bank of America will re-brand Countrywide Financial to “Bank of America Home Loans,” according to a report today in… Read More »Countrywide Name to be Retired in April
Mortgage Tips
This was the first category I created when this website was created in 2006.
And it’s really why I launched the site to begin with. To educate prospective home buyers and existing homeowners.
Simple guides and practical mortgage tips can help you better understand and prepare for the home loan process.
Same goes for answering mortgage questions and brushing up on the latest mortgage lingo.
Sometimes home buyers focus exclusively on the real estate piece while ignoring the home loan part.
This can result in some bad decisions when it comes to getting a mortgage. Or simply overpaying because of missteps (or a lack of shopping around!).
Learn how to get a mortgage, refinance an existing loan, and discover the many different loans programs available today.
You’re not financing a TV, or a car for that matter. It’s a big purchase and it deserves a lot more time and attention.
Arm yourself with knowledge early on and you’ll likely enjoy a better outcome.
Equifirst to Halt Lending Operations
Equifirst announced today that effective immediately, it will be ceasing lending operations. Going forward, the Charlotte, North Carolina-based mortgage lender will no longer accept applications… Read More »Equifirst to Halt Lending Operations
Skaters Benefiting from Foreclosure Crisis
While record numbers of foreclosures continue to wreak havoc on home prices and the economy as a whole, one unlikely group seems to be benefiting… Read More »Skaters Benefiting from Foreclosure Crisis
Bailout is 2008 Word of the Year
Another year, another word of the year tied to the ongoing mortgage crisis. Merriam-Webster unveiled its word of the year for 2008, selecting the term… Read More »Bailout is 2008 Word of the Year
Downey Savings Shut Down by FDIC
Downey Savings was shut down late Friday by the FDIC on a busy day where two other banks were also seized. US Bank has agreed… Read More »Downey Savings Shut Down by FDIC
Subprime Wins Ninth Race at Aqueduct Park
The word “subprime” has undoubtedly been associated with massive losses over the past couple of years, but last Thursday, quite the opposite was true. It… Read More »Subprime Wins Ninth Race at Aqueduct Park
Website Selling “I Hate Mortgage Brokers” T-Shirts
A website popped up today selling “I Hate Mortgage Brokers” t-shirts and other various products such as baseball hats and teddy bears to foreclosure victims… Read More »Website Selling “I Hate Mortgage Brokers” T-Shirts
In Pictures: Indymac Bank Run
Our street team headed down to Encino, CA today to take a look at what we thought would be a fairly busy day at bank… Read More »In Pictures: Indymac Bank Run
Introducing Wachovia’s New Three-Pronged Option Arm
Wachovia announced today that it would no longer offer the negative amortization payment option on its popular and now infamous “Pick-a-Payment” loan program amid heightened… Read More »Introducing Wachovia’s New Three-Pronged Option Arm
Study: Originate to Distribute Model to Blame for Mortgage Crisis
Research and consulting firm Celent released a study yesterday titled, “Pathology of the US Mortgage Crisis,” which examines the evolution of the credit crunch from… Read More »Study: Originate to Distribute Model to Blame for Mortgage Crisis