A construction loan is a loan that a consumer gets to fund the construction of a new home. It may be just for the period of time of construction, it may also have “permanent” financing as a part of it. “Permanent” financing would be what we all think of as a mortgage. A regular 15, [...]
On March 6, 2007, a civil jury in Rancho Cucamonga, San Bernardino County, California ordered Wells Fargo Home Mortgage to pay more than $750,000 in actual and punitive damages to Reed and Mary Ann Fisher of Oceanside. The Fisher's allegations against Wells Fargo arose out of a two-year uncorrected pattern of false and inaccurate credit reporting which damaged the Fisher's credit scores and which also resulted in credit denials. The Fishers were represented by Robert F. Brennan of Brennan, Wiener & Associates in La Crescenta, widely regarded as the leading consumer protection and credit damage law firm in Southern California (Reed & Mary Ann Fisher v. Wells Fargo Home Mortgage, Case No. RCV 074 822, San Bernardino Superior Court, Rancho Cucamonga Courthouse). (PRWeb Mar 8, 2007)
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Mortgage Life Insurance is type of life insurance that will pay off the balance of your mortgage in event of your death. It’s basically a term life insurance policy.
Where is a mortgage life insurace policy a good thing? One example is you [...]
This comes as no suprise, as the rumor mill has been swirling for some time that Fremont was next. Like MLN I knew several people at Fremont, and they are great people, hope they are able to find new jobs quickly.
Fremont General Corp announced Monday that it intends to sell its subprime residential lending business. [...]
Countrywide Financial Corp., the biggest U.S. mortgage lender, said payments were late on almost 20 percent of the subprime loans it manages for clients. These are loans 30 days or more late from their due date. Countrywide has said that these loans are loans they are servicing for others, not their own loans. [...]
