Finance News

New WV Mortgage Loan Program Launched
The West Virginia Housing Development Fund is launching a new mortgage loan program that offers fixed 3.5 interest loans to 280 qualifying families.

Read more on WHSV Harrisonburg

State launches new 3.5 percent mortgage program
CHARLESTON, W.Va. — First-time West Virginia homebuyers have a chance to lock in unusually low mortgage rates under a new state program. The West Virginia Housing Development Fund is offering 30-year, fixed-rate loans at 3.5 percent interest to low-…

Read more on The Charleston Gazette

Money advice: Pay mortgage early, or invest?
Also: What to do if your credit scores are very different. Dear Liz: Should you pay off your mortgage or keep a sudden financial windfall? I’m in that situation and was surprised to find that financial experts, including you, generally recommend investing the cash. I understand the attraction of the argument but am not sure the assumptions hold water.

Read more on Los Angeles Times

Mortgage holders hit by bank error
Thousands of mortgage holders are facing huge rises in their monthly repayments thanks to a banking error. Related Stories BoE considered QE extension plan Two held after stabbed man dies Sister of missing teen’s Tobin plea Man returns to work after Lotto win ‘Crown jewels’ decision deferred

Read more on Belfast Telegraph

Refinancings rise as mortgage rates hit 4.56 pct.
The lowest mortgage rates in decades are just too good for some people to pass up. Brokers are reporting rising interest in home refinancings as rates on a 30-year fixed loans have hit record lows in four of the past five weeks.

Read more on AP via Yahoo! Finance

Mortgage Defaults In Calif. Drop To 3 Year Low
A research firm reports mortgage default notices in California are at their lowest levels in three years after a fifth-straight quarterly decline.

Read more on CBS 13 Sacramento

Reverse Mortgage Company Offering Attractive New Loan for Seniors
Reverse Mortgage Company, Generation Mortgage, Offers Zero Origination Fee, Zero Servicing Fee Reverse Mortgage for Seniors

Read more on PRWeb via Yahoo! News

Kislak Mortgage to Open Storefronts Throughout Florida to Provide Easily Accessible Mortgage Loans
J.I. Kislak Mortgage LLC announced today its strategy to open as many as 10 store-front offices across the state of Florida to provide residents with mortgages over the next year. Â

Read more on PR Newswire via Yahoo! Finance

Mortgage Mediation Hits Broward County Residents
Homeowners in Broward County who are facing foreclosure might have just received a lifeline: A new program, called the Residential Mortgage Foreclosure Mediation Program, kicked off July 1st and is expected to bring struggling homeowners and bank officials together with a mediator to attempt to find solutions to each person’s foreclosure crisis.

Read more on CBS4 Miami

US mortgage rates hit new low
US mortgage rates fell for the second straight week to the lowest point in five decades.

Read more on BigPond News