Flexible Mortgage News

The Latest News and Developments For
Home Loans

Flexible Mortgage Latest Breaking News

• Number of modified mortgages jumps sharply Los Angeles Times - Feb 17 12:53 PM Under the federal Home Affordable Modification Program, monthly payments were permanently lowered for 116,297 loans by the end of January, up from 66,465 a month earlier. The number of mortgages with permanently lowered monthly payments under the Obama administration's foreclosure prevention program increased dramatically in January.
  
  
• Requests for 100% mortgages surge Brisbane Times - 3 minutes ago Inquiries for 100% home loans have surged 250 per cent since the federal government's more generous first home owners grant ceased at the end of last year.
  
  
• Chris Griffith: Time zones, online mortgages and Russian roulette Naples Daily News - Feb 17 11:19 AM Theres a big difference between inexpensive and a good value where home loans are concerned. Throw in a few dozen flashy ads with teaser interest rates and all the magic the loan officer promises to work for you and let the mortgage cyclone begin.Getting a mortgage is unsettling for some people. Its actually a little bit of work to weed through the piles of paperwork and documentation.Over the ...
  
  
• Bank of America modifies 12,700 mortgages AP via Yahoo! Finance - Feb 16 11:15 AM Bank of America on Tuesday said it quadrupled the number of modified mortgages for its customers in the past month. The number of Bank of America mortgages modified through the government's Home Affordable Modification Program rose to 12,700 from 3,200 a month ago.
  
  
• Flaherty moves to cool mortgages The Globe and Mail - Feb 16 5:14 PM Finance minister unveils new mortgage rules needed to prevent negative trends' from developing
  
  

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