Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.

 

The Delinquency Rate Rises in Wisconsin

Nov 19, 2012 - Wisconsin's delinquency rate of mortgage loans has risen some degree in the third quarter compared to this time last year. The Mortgage Bankers Association reported a rise of overdue payments. In the third quarter of 2011, mortgages in arrears represented 6.24% of all mortgages in Wisconsin. But...

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New Problem for Homeowners and U.S. Economy if Government Fails to Extend Mortgage Relief Tax Provisions

Nov 19, 2012 - Mortgages associated with the VA are obtained by a government connected lender tied to a specific program. Veterans trying to get a VA loan should find out more about the program associated with the lender. Proof of military service is needed to obtain your loan in most cases. Veterans have a...

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Mortgage Relief Deal Causes Banks to Give Customers $22 Billion

Nov 19, 2012 - The settlement's monitor reported that five U.S. banks provided mortgage relief to customers in the amount of $22 billion under a deal to settle foreclosure accusations.The bank who owes the most, Bank of America Corp., provided $889.2 million in first-lien modifications, effectively reducing...

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Obama’s Reelection and Housing: Four Expectations Over The Next Four Years

Nov 19, 2012 - Despite notable gains in the housing market in 2012, some consumers still claim to be less than optimistic about the state of the economy. Results from Fannie Mae's National Housing Survey in December shows that sentiment regarding homeownership, household finances and the economy in general...

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Obama’s Plan for the Housing Market

Nov 19, 2012 - Although Obama has been pushing efforts to help borrowers refinance their mortgages and benefit from record low interest rates, fewer Americans have actually been helped than originally expected.The main fight is with Edward DeMarco, the regulator of Fannie and Freddie Mac. Obama failed to...

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