Harry Dinham, president of the National Association of Mortgage Brokers, points out that lenders will attempt to prevent foreclosures if possible.
By comparison, the spread between 10-year Treasurys and a standard 30-year fixed-rate mortgage is just 1.93 percentage points, near historical averages, according to mortgage-data provider HSH Associates.
And Ray Boulger, of mortgage brokers John Charcol, points to an even more fundamental trend - just not enough houses are being built.
It is a quiet, tacit, mandatory add-on for all FHA mortgage consumers, measured in basis points and virtually invisible to the naked eye.
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Look at the mortgage market: The average interest on a 75% loan- to-value mortgage rose 0.5 percentage points between August 2011 and April 2012 and looks sure to rise further as even at these levels banks are struggling to make adequate returns.
The national rate for a 30-year fixed mortgage in Zillow Mortgage Marketplace is now down 80 basis points from two weeks ago.
Loan servicing is about transaction-processing, not customer service, points out Guy Cecala of Inside Mortgage Finance, a newsletter.
Today it must pay 2.9% for the CD and gets 6.5% from the mortgage, meaning it pockets 1.3 percentage points less.
Defaulting on your mortgage should be one of your last resorts, points out Sherry Chris, chief executive officer of Better Homes and Gardens real estate.
"In the first eight weeks of this year we have seen (mortgage) rates come down by anything up to 45 basis points, " Persimmon chief executive Mike Farley told the Reuters news agency.
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Kathy Patrick, the lawyer for the institutional investors who negotiated the massive settlement, is behind three new legal filings made in federal courts, including a statement in support of the deal that points out that the vast majority of investors in soured mortgage-backed securities issued by Countrywide Financial through 530 trusts have chosen not to object to the settlement.
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While you can generally deduct interest payments and discount points (pre-paid interest) on a qualifying home mortgage if you itemize, you may not deduct processing fees as deductible expenses.
Some U.S. financial institutions offer mortgages to Americans buying in Mexico but charge 10%, four points more than you'd pay on a U.S. mortgage.
The trustees of Mortgage Acquistion Trust 2007-CH3 probably should have been paying better attention to the fine points of Louisiana property law.
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These new mortgage insurance costs add a 1.75% closing cost, or 1.75 points that are tacked on to the loan, along with another 1.35% added to the monthly payment!
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According to Fannie Mae, the government-sponsored mortgage-lending agency, up to half the people who take out sub-prime loans could qualify for a prime loan, which charges as much as four percentage points less interest, a huge saving over the 30-year life of a mortgage.
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In the spring he paid between 70 cents and 80 cents per dollar of face value for a senior tranche of the WaMu Mortgage Pass-Through 2005-AR2, which carries a coupon rate of Libor plus 31 basis points, or 3.52% in September.
When you start talking about folks wanting banks to let them out of mortgage contracts, how about the fact that those mortgages were often as not likey fraudulent at some many points of execution.
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