Tag Archives: Monthly Mortgage Payments

Bank of America Slashes $4.75 Billion Off Mortgages

Posted on November 14, 2012 by Loren Bimler

As part of the sweeping national mortgage servicing settlement that went into effect in March, officials at Bank of America said they are halfway to fulfilling their mandate of providing $7.6 billion worth of consumer relief.  The bank [BAC  Loading…  … Continue reading →

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Refi Boom Benefits Borrowers and Big Banks

Posted on June 7, 2012 by Loren Bimler

Millions of Americans are saving billions of dollars in monthly mortgage payments, thanks to record-low interest rates. The refinance market is booming, now at 78 percent of residential mortgage activity, according to the latest read from the Mortgage Bankers Association. … Continue reading →

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More Borrowers Underwater: Why We Should Care

Posted on March 8, 2011 by Loren Bimler

Falling home prices at the turn of the year pushed more borrowers into a negative equity position, meaning they owe more on their mortgages than their homes are worth. In Q4, 23 percent of borrowers nationwide, or 11.1 million, were … Continue reading →

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The 3 Biggest Mistakes First Time Home Buyers Make

Posted on February 1, 2011 by Loren Bimler

First time home buyers are often the victims of their own ambition. Buying your first home is a big first step in life and because its such a sizable investment it can quite literally put you ahead or knock you … Continue reading →

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