Freddie Mac Auctioning Delinquent Mortgage Loans

Delinquent mortgage loans worth $410-million will be auctioned off in three pools. According to DSNews.com’s article “Freddie Mac to Auction $410 Million Worth of Delinquent Mortgage Loans” (Jan. 24, 2015. http://dsnews.com/news/01-24-2015/freddie-mac-auction-410-million-worth-delinquent-mortgage-loans): The delinquent loans are scheduled to be auctioned off in three pools with unpaid principal balances of $160 million, $141 million, and $109 million, …

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Three overlooked real estate benefits

Recently, during a conversation with a couple of home buyers around the subject of trade-offs, it became crystal clear that they were struggling to reconcile their conflicting wants and needs between themselves, but, more importantly, within themselves, creating an internal war and state of being stuck when it came to committing to a firm direction …

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Three scams to avoid when locking your loan

Q: I’m trying to get a better understanding of private mortgage insurance (PMI). I understand the fundamentals and that it usually equals 1/2 percent-1 percent of the mortgage, but what I’m not sure about is how it is paid. Is the PMI paid each year until you reach the 20 percent mortgage-to-value ratio? Can you …

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Timing is key when locking home loan

Borrowers shopping for a mortgage are obliged to select a lender before the price is “locked.” As a result, borrowers in shopping mode are vulnerable to lowballing — the practice of quoting a price below the market as a way of influencing the shopper’s selection. Borrowers who have already selected a lender but have not …

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