Borrowers whose adjustable-rate mortgages are tied to the 11th District Cost of Funds Index again were treated to new record-low index. It was the third month in a row that the index has established a new low. COFI was 2 basis points lower in May than it was during April. Data back to July 1981 [...]
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3rd Consecutive COFI Record
July 1st, 2012 
davidguide 
Posted in Business Loans 
Tags: 11th district cost of funds, 11th district cost of funds index, adjustable rate mortgages, basis, basis points, Borrowers, COFI, Consecutive, Funds, Index, post 
Comments OffBofA Short Sale Incentive Pays Borrowers Up to $20k
October 7th, 2011 davidguide Bank of America Corp. has rolled out a program in Florida that gives defaulted borrowers up to $20,000 if their houses are sold through a short sale. Some in the industry say the offer is a move to ensure outgoing borrowers keep their properties in good condition. While the program is new for BofA, other [...]
Posted in Business Loans Tags: bank, bank of america, bank of america corp, BofA, Borrowers, condition, incentive, limited time, Pays, post Comments OffFederal Funds for Delinquent NC Borrowers
December 3rd, 2010 davidguide A federally funded program could help as many as 21,000 North Carolina homeowners who have lost their jobs keep their homes. The program is for those who missed payments through no fault of their own because of temporary hardship occurring on or after Jan. 1, 2008. Applicants must show proof of their job search or [...]
Posted in Business Loans Tags: Applicants, Borrowers, Delinquent, fault, Federal, Funds, hardship, Jan, job search, jobs, Mortgage, North Carolina, north carolina homeowners, program, proof Comments OffHard Money Lender Real Estate: Financing Options For Borrowers With Poor Credit
September 7th, 2010 davidguide NMP Hard money lender real estate is one financing option borrowers with poor credit can utilize to purchase a home. Hard money loans are substantially more expensive than conventional home mortgage loans. This finance option should only be used on a short-term basis to help borrowers establish or rebuild their credit history. Investors sometimes engage [...]
Posted in Business Structures Tags: Borrowers, California, conventional home mortgage, conventional mortgage loans, credit, estate, financing, Hard, hard money lender, hard money lenders, home mortgage loans, interest, lender, Money, Mortgage, Options, Poor, Real, Simon Volkov Comments Off
