Jumbo Loans Are Hot

Jumbo loans are residential loans that exceed limits that can be guaranteed by Fannie Mae and Freddie Mac. These are loans that lenders either have to keep on their own books or sell to a secondary market that’s not backed by the federal government. Fannie and Freddie backed loans are known as conforming loans. There

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UK Remortgaging Took Plunge in 2012, Research Shows

In 2012, UK remortgaging activity dropped steeply compared to the levels seen at the start of 2008, showed the latest research on the topic published by Lloyds TSB. Remortgages represented 51% of total mortgage lending between January 2008 and October 2008 and fell last year to only 24%.

Three Things You Should Know About Reverse Mortgage Loans

Have you heard about the psyche that is doing the rounds about reverse mortgage loans and how they have proven to be a boon in these financially difficult times? Yes, they can be a great source of finance to help you handle a number of expenses in your home, but is it worth the risk?

Second Chance for Foreclosure Victims

Foreclosure victims are bouncing back, with reports that some lenders are willing to forget the past and give people a second shot at owning a home, with mortgage loans designed especially for this demographic.

REMN Inc. Opens New Office in Burlington, New England

Real Estate Mortgage Network, Inc. (REMN), who are one of the largest privately held non-bank lenders in the US, has just announced the opening of a new retail location in Burlington, VT. The new Burlington office will be staffed by local lending experts who will be able to bring REMN’s mortgage products to real estate professionals and residents throughout New England.

Atlanta Development Authority Announces $50,000 Down Payment Assistance

The Atlanta Development Authority has announced that they have new mortgage funding available beginning September 1st of 2011, until April 15th of 2012. Read the press release here. This new program is funded through the Federal New Issue Bond Program. It aims to make mortgage funding available to home buyers who meet specific qualifications. One

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