Category Archives: Lenders mortgage Insurance
Flood insurance (possible mortgage scam?)?
I put an offer on a house in a high risk flood plain, knowing that we would have to carry flood insurance. We had checked the FEMA website offering gov't insurance and got an estimate that put the payment around $100 or a little less per month. The real estate agent called and stated she had spoken with our potential mortgage broker and that they had said due to our 'poor credit' insurance would be between 200-300 per month. my credit is fair to good, but not in the 700's by any means. my real estate agent thinks that is outrageous (and states that our credit is not poor enough to penalize us this way).
My question is, do most mortgage lenders only use certain companies? Why don't they allow you to shop around and get the best rates if that is so? Or am I being set up so someone can make an extra $300/month????
Is there any way to make a lender let me shop around for flood insurance?
NZF promises new products for brokers
NZF Group has promised new products for advisers as it looks to grow its share of the non-bank lending sector in New Zealand. Thursday, October 27th 2011, 7:00AM
by Niko Kloeten
The group has had a tough couple of years and its subsidiary NZF Money was recently put into receivership, forcing NZF Group to include a loss on discontinued operations of $10.7 million for the current financial year.
VA Loans Open Doors for Our Veterans – MoneyShow.com
The very favorable mortgage terms provide opportunities that may not otherwise exist for our honored soldiers, writes MoneyShow.com personal finance expert Terry Savage.
Veterans Day is upon us—and if this story seems familiar, it’s because I have written several times about the great deal that the Veterans Administration mortgage program offers to those who have served our country: 3.875%, 30-year, fixed-rate mortgages.
Industry Officials Concerned With Lack of Movement on NFIP
NU Online News Service, Oct. 27, 3:03 p.m. EDT
It is looking more and more likely that Congress will again have to pass a temporary extension of the National Flood Insurance Program (NFIP), officials of the Independent Insurance Agents and Brokers of America (IIABA) are warning.
Charles Symington, IIABA senior vice president of government affairs, says it appears likely another short-term extension is on the horizon.
Insurers’ Commercial Mortgage Role Expected to Stay Strong
CHICAGO, Nov 01, 2011 (BUSINESS WIRE) –The position of U.S. insurers as key participants in commercial real estate lending is expected to stay strong moving into 2012, particularly as the revival of the CMBS market and the outlook for bank participation in commercial mortgage lending remain uncertain.
Radian Releases Delinquency Data for October
November 10, 2011 08:00 AM Eastern Time
PHILADELPHIA–(BUSINESS WIRE)–Radian Guaranty inc., the mortgage insurance subsidiary of Radian Group inc., today released data for primary mortgage insurance delinquencies for October 2011. These details may also be found on Radian’s website at http://www.radian.biz/page?name=NewsReleases.
Mortgage Rates 101
Mortgage Rates 101
Article by Glenford Robinson
Buying a home is one of the most important investments a person will ever make in his or her lifetime, so understanding the mortgage calculation process is very important if one wants to get the best deal possible. on most real estate websites, one will find a mortgage calculator. All that is required is for an interested person to enter specific information in the form fields provided. The system will automatically calculate the monthly payment for the mortgage.
How New Deal Mortgage Policy Undermined Our Cities
I’ve written several posts about the many ways that public policy has systematically favored suburban development patterns over urban ones. I recently came across another example of the same pattern.
MGIC Releases Monthly Operating Statistics — MILWAUKEE, Nov. 8, 2011 /PRNewswire/ –
MILWAUKEE, Nov. 8, 2011 /PRNewswire/ — Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today issued an Operational Summary for the month of October, 2011 for its primary mortgage insurance business. The summary is also available on the company’s website at http://mtg.mgic.com, under Investor Information, Press Releases.
Bigger deposits better in long run
ACCORDING to comparison site RateCity, around 70% of home loans now require a deposit as low as 5% of the property's value.
But there are good reasons to build a more substantial deposit.
the amount you can borrow relative to your home's value is known as the “loan to valuation ratio” or LVR.
