While it is taking longer to close a home loan, the closing ratio has improved — especially on refinance transactions. It took 50 days to process and close a mortgage in September, lengthening from the 49-day turnaround the previous month and 41 days in the same month last year. The number of days to close [...]
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Closing Rate Improves as Turnaround Slows
October 17th, 2012 
davidguide 
Posted in Business Loans 
Tags: home, home loan, Improves, Loan, Mortgage, number, Slows, Turnaround 
Comments Off1-Year ARM Falls to Record Low
August 10th, 2012 davidguide A new record low was established for the one-year adjustable-rate mortgage this week. While the news wasn’t so good for fixed mortgage rates, fixed rates are positioned to fall in next week’s report. The discount for a 15-year loan has increased over the past seven days. View full post on Mortgage Stories
Posted in Business Loans Tags: adjustable rate mortgage, ARM, falls, fixed mortgage rates, Loan, Low, news, post, seven days, year adjustable rate mortgage Comments OffAlmost a Third of All HAMPs in 5 Cities
March 3rd, 2012 davidguide Nearly one-third of all government loan modifications are in five metropolitan areas. Monthly U.S. activity sank to the lowest level on record based on the latest data. As of Jan. 31, there were 768,773 active permanent modifications completed under the Home Affordable Modification Program. A month earlier, the total was 762,839. The increase of 5,934 [...]
Posted in Business Loans Tags: Affordable, data, government loan, HAMPs, home, Loan, metropolitan areas, Mortgage, Total Comments OffCalifornia Congressman Caught in Countrywide VIP Web
January 23rd, 2012 davidguide A California congressman was caught off guard when he learned he was among a group of legislators who received a home-equity loan at special terms from Countrywide Financial Corp. VIP program. Rep. Elton Gallegly (R-Calif.) closed on a $77,000 HEL eight years ago at a rate of 5.75 percent. The first mortgage in the transaction [...]
Posted in Business Loans Tags: california congressman, countrywide financial corp, elton gallegly, Financial, home equity loan, Loan, Mortgage, percent, program rep, transaction, VIP Comments OffExpanded Investor Program
August 16th, 2011 davidguide New Penn Financial LLC already had a nonconforming portfolio mortgage program. Now the company has expanded its guidelines for investor properties. New Penn originates through mortgage brokers, loan correspondents and a retail channel. View full post on Mortgage Stories
Posted in Business Loans Tags: Financial, financial llc, investor program, investor properties, Loan, mortgage program, New, new penn, Penn, Portfolio, post Comments OffLowest Auto Loan And Cheapest Rates
July 16th, 2011 davidguide On average, Americans change their cars every five years. Most people apply for auto loans after they purchase trucks, cars or any other automobiles. Since interest rate on car loans adds up speedily particularly on long-term loans (5 or 7 years), it’s very essential to get the lowest auto loan you can. It is best [...]
Posted in Business Loans Tags: car, change, credit unions, dealer, Loan, long term loans, monetary stability, online, poor credit auto loan, search google, vehicle Comments OffSame Day Cash- Face the Unpredictable Expenses
July 1st, 2011 davidguide It is a way of life as it surprises you with unpredictable expenses. You are forced to arrange urgent money for many cases. In such situations you can count on same day cash. These are short term loans that are issued to you for a period of 14 to 31 days. You are pulled out [...]
Posted in Business Loans Tags: cash crisis, day, finance terms, financial trouble, kind, Loan, reason, short term loans, Unpredictable, urgent money, way Comments OffHow credit card debt consolidation program works
June 21st, 2011 davidguide If you incur multiple credit card accounts and you are unable to manage them all, credit card debt consolidation could be a great option for you. It is always better to enroll in a debt consolidation company and take their assistance to pay off your debt. Consolidation typically works in two distinct ways either by [...]
Posted in Bad Credit Tags: balance, card debt consolidation, credit card debt consolidation, credit card debt consolidation program, debt, debt consolidation company, debt consolidation program, firm, Loan, payment, period Comments OffSmall Business Loans-helps in Accomplishing The Dreams of Business
June 14th, 2011 davidguide Most of the people wish to start a new business but the lack in arrangement of proper funds ceases their dreams. If you are also following the same conditions then the small business loans are available in the loan market to help you in your tight financial conditions. This fiscal help enables you achieving the [...]
Posted in Business Loans Tags: assistance, Business, high interest rates, Lack, Loan, loan market, prosperous life, requirement, small business loans, type, unsecured loans Comments OffHDFC posts 23% rise in Q4 net profit on robust loan demand
May 10th, 2011 davidguide Rising interest rates fail to dampen demand; mortgage lender will aim to grow loan book at 20% in fiscal 2012 View full post on Business Stories
Posted in Business Structures Tags: Business, HDFC, Loan, loan book, loan demand, Mortgage, mortgage lender, post, Profit, rising interest rates Comments Off
