Homing In on Mortgage-Bond Types
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Tax Tips and Breaks for New Homeowners: Deductions and Incentives to Consider
NEW YORK ( MainStreet ) — When it comes to mortgage rates, we've heard the term “record lows” for years now. And while interest rates on home loans have wavered a bit, they've recently dipped to the lowest levels in nearly two years.
JPMorgan to pay $500 million in mortgage settlement
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises. The all-cash settlement was made public late Monday, and requires approval by U.S.
3 types of mortgage loans for homebuyers
When it comes to getting a mortgage loan, homebuyers have fewer options than they had during the boom years. From the early 2000s until 2008, lenders were much more willing to float exotic loans based on risky terms, but they have returned to safe and sensible home financing.
High mortgage rates? No biggie, poll finds
Many Americans would be untroubled by double-digit mortgage rates and an alarming number say they are not sure what the rate on their mortgage is, according to a survey commissioned by Bankrate.
To Mortgage Applicants, Increasingly It’s Go Digital or Go Home
NEW YORK ( MainStreet ) — It's official: Ninety percent of Americans look to the Web to get a mortgage, with one-third saying an online-only mortgage process is preferable to paper-based processes.
New York Mortgage Trust Announces Tax Treatment of 2014 Dividend Distributions
NEW YORK — New York Mortgage Trust, Inc. (“NYMT” or the “Company”) today announced the following tax treatment of common and preferred stock dividends declared in 2014. This information …
How to Decide Whether to Refinance Your Mortgage
© Patrick T. Fallon/Bloomberg A customer enters a bank advertising home mortgage services in Manhattan Beach, Calif., on Sept. 10, 2013. NEW YORK ( TheStreet ) — Much to the experts' surprise, the United States may be on the verge of another refinancing boom .
Exclusive: Big mortgage investors take first step toward suing Ocwen
By Karen Freifeld NEW YORK (Reuters) – Major mortgage bond investors including BlackRock , MetLife and Pimco on Friday took a first step toward suing Ocwen Financial Corp , accusing it of having failed to properly collect payments on $82 billion of home loans, according to a person familiar with the matter and to documents seen by Reuters. The group sent a formal notice of non-performance to …
We Already Know Where Mortgage Rates Are Heading in 2015
NEW YORK ( MainStreet ) — Average 30-year-fixed mortgage rates are running just a tad above their 3.31% all-time lows, but economists predict 2015 will be the last hurrah for sub-4% home loans — and possibly even for sub-5% ones, too.