Apply Online Today!

Zip Code:
Loan Purpose:



Mortgage News for Thursday - March 24, 2005

More Mortgage News
• Thirty-year mortgage touches highest level in eight monthsaffecting refinance mortgage
• Banks increase mortgage rate
• Bank refunding illegal mortgage fees to state residents
• Can't Be Sure of Credit Status When Refinancing Mortgage
• Home equity or mortgage refinance: Which is better for you?
• Oil price hike to hit home loan rate?
• Risks to Economy are Balanced -- In Name Only
• Real estate agents swarm the Web
• U.S. Economy: New Home Sales, Durables Orders Rose in February
• Is it time to rent now?
Mortgage News
Bank refunding illegal mortgage fees to state residents - 2005-03-24
A New York bank that illegally charged Connecticut residents a fee to process mortgage-release papers is refunding those fees, Attorney General Richard Blumenthal said Wednesday.

In a joint announcement with Banking Commissioner John P. Burke and Department of Consumer Protection
Commissioner Edwin R. Rodriguez, Blumenthal revealed that North Fork Bank will refund or forgive $106,000 in those fees charged to about 1,300 consumers, mostly in New Haven County.
Read the full story at Connecticut Post
 
Can't Be Sure of Credit Status When Refinancing Mortgage - 2005-03-24
Humorist Mason Cooley once said, "Every path to a new understanding starts in confusion." That quotation applies to e-mails I got from confused readers who recently ordered their credit scores to gain a better understanding of where they stood before refinancing their mortgage.

But when a mortgage lender pulled the credit scores not long after the couple did, some of their scores were significantly lower, ranging from 598 to 649.
Read the full story at Washington Post
 






down payment
types of mortgages
closing costs
finding lenders
the do's and don'ts of mortgages
mortgage glossary



 
Copyright © 1999-2003. Mortgages Magazine Inc., LLC All Rights Reserved.
DISCLAIMER