Mortgage Market Updates

	Hard to justify re-fi when you owe very little
	Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. I currently have a 20-year loan with 12 1/2 years remaining, owing $77,000. on a single-family home in Brea worth around $375,000. The existing interest [...]

	Homes facing foreclosure in 17 cities
	These homes are in default on loans and have been scheduled for auctions. Homes facing foreclosure in 17 cities is a post from: Mortgage Insider

	Mortgage rates at record low for 11th week
	The summertime swoon in U.S. mortgage rates continues this week, with averages for home loans falling to yet another record low. Rates began to inch downwards in June, falling 0.37 of a percentage point in 11 weeks in which the 30-year average either set or met a record low. Three of the four loan types tracked by [...] Mortgage rates at record

	In loan mod misery? How to get through it
	Banks with enormous caseloads. Unanswered calls. Repeated requests for documents. It’s no wonder that so many homeowners have given up on trying to get loan modifications. In a piece for HuffingtonPost.com, Attorney Richard Gaudreau offers some tips on how to get a better result. You may have additional ones. Excerpts: . Before you apply for a loan mod, be realistic [...]

	Cash is the limiting factor with this loan
	Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. I am in my early 20s and have been at my current job for 3 years now. I make $57,500 a year plus bonuses (usually [...] Cash is the limiting factor wi

	Homes facing foreclosure in 16 cities
	First, in recent mortgage & foreclosure news: . Thinking of a refi? Tips for borrowers Upside down? Here’s another way to refinance Broker: No tsunami of repo’d homes to hit market Every week, homes throughout Orange County are scheduled for foreclosure auctions. The owners can be millions of dollars in debt, or owe just a few thousand. Auctions are frequently postponed. But [...]

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