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The Consumer Financial Protection Bureau announced it will be offering up new rules for mortgage servicers aimed at making monthly mortgage statements more transparent in disclosing fees or changes in a loan. “For too long, mortgage servicers have not been held accountable to their customers, and the result has been profoundly punishing to home owners in distress,” says Richard Cordray, director of the consumer bureau. “It’s time to put the ‘service’ back in mortgage servicing.” Servicers will be required to provide more details in monthly mortgage statements. For example, the […]

Colby , Realtor & Signature Properties pledge to donate a portion of every commission earned to the charity of our client’s choice! Colby is an active member in the community & supports multiple GLBT Organizations & Efforts. Support an Agent that Supports you! Buying or Selling, Colby , Realtor & Signature Properties are there for you! Click here to search for a gay or lesbian real estate agent anywhere in the country.   Professional/Personal Distinctions: Member National Association of Realtors   Specialties: Residential, Commercial, Land, Multifamily, Bank Owned, Foreclosure, Short […]

The U.S. economy is sliding sideways with consumer sentiment down on higher gasoline prices and economists realizing a mild winter stimulated early economic activity, according to CoreLogic. A weather-related upswing in economic activity during the winter can result in a sluggish spring since buyers spend earlier, creating a potential drop off in spring activity. Meanwhile, the housing sector continues to reflect two opposing trends: On one hand, household growth increased a slight 0.6% in 2011, said Mark Fleming with CoreLogic. This slow growth suggests the presence of pent-up demand, a […]

Mortgage applications declined 2.4% for the week ending April 6 as refinancing and home purchase activity slowed, an industry trade group said. The Mortgage Bankers Association released its market composite index Wednesday, which measures weekly mortgage loan application volume. The group’s refinance index, which measures all refinancing activity, declined 3.1% from the previous week, while the seasonally adjusted purchase index fell a slight 0.5%. Refinancing activity declined overall with its share of mortgage activity dropping for the eighth straight week to 70.5% from 71.2% a week earlier. Adjustable-rate mortgage activity, […]

“Strength in Real Estate” With great experience in real estate as well as intimate local area knowledge, I work extensively to help buyers and sellers meet their real estate goals. As a listing agent in Orange county, my extensive marketing plan gives a homeowner the opportunity to get the maximum value for his/her property. For buyers, I help negotiate the best possible deal and search until I find the perfect property. Nothing satisfies me more than seeing the smiles that come with a successful sale or the purchase of a […]

The Federal Housing Administration rescinded and will delay a rule that as of April 1 prohibited borrowers with more than $1,000 in disputed collections accounts from getting a federally backed mortgage, according to a notice sent late Friday. FHA postponed the rule until July, and will take public comment from lenders, builders and others in the industry until then to clarify guidance. “There is clearly a bigger ripple effect here than the Department of Housing and Urban Development might have anticipated going into this revision,” said Lisa Jackson, senior vice […]

Mortgage servicers started modifications on 63% of eligible second liens under the Home Affordable Modification Program, according to Treasury Department data released Friday. Through February, servicers participating in 2MP started 71,133 second-lien workouts of the 113,774 eligible loans. More than 15,600 of them have been fully extinguished. More than one-third of the second-lien mods occurred in California, according to the Treasury. Of the $29.9 billion allocated for HAMP, roughly $2.7 billion is set aside for modifying second liens, according to the Special Inspector General for the Troubled Asset Relief Program. […]

A native South Carolinian, Bryan has many years of selling and marketing leadership, ready to put to work for you! With the majority of his working career with Marriott Hotels and Resorts, Bryan was responsible for all marketing and sales activities for the Renaissance Charleston Hotel-Historic District for over five years. Bryan Attended high school in Fort Lauderdale, Florida during the gay 80’s and came out then. College at University of South Carolina-Upstate. In addition, Bryan recently completed the graduate level program EFM from Sewanee, The University of the South. […]

To prevent overall home prices from any further potential drops, the Federal Reserve is urging banks to transform more of its foreclosed homes into rental properties. The Fed made the request to banks in new policy guidelines it released Thursday. “Banking organizations should make good-faith efforts to dispose of foreclosed properties,” the Fed said. The Fed has been urging banks to consider more foreclosure rentals for several months. In a policy paper earlier this year to Congress, the Fed argued that if banks turned more of their foreclosed properties into […]

Amid mixed signals on the health of the economy, average weekly mortgage rates hardly changed from the prior week. The Freddie Mac survey showed the 30-year, fixed-rate mortgage averaged 3.98% for the week ending Thursday, barely slipping from the prior week’s average of 3.99%. Last year at this time, the 30-year FRM averaged 4.87%. The 15-year FRM, a popular refinancing choice, averaged 3.21%, down from last week when it averaged 3.23%. A year ago, the average rate for a 15-year FRM was 4.1%. Five-year, Treasury-indexed hybrid adjustable-rate mortgages averaged 2.86%, […]