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News about Mortgages:
As foreclosures rise, Paterson hires counselor - Herald NewsPATERSON — Faced with a 49 percent increase in foreclosures and the second-highest number of foreclosures in the state, the city's Housing Authority has hired a full-time employee to work on preventing more city residents from losing their homes ...
Foreclosure moratorium proposals stir debate - Oakland PressA proposed moratorium on foreclosures, advocated by Democratic presidential nominee Barack Obama and state Sen. Hansen Clarke, D-Detroit, is stirring debate. Obama’s economic plan would establish a 90-day moratorium on foreclosures for homeowners ...
Today's Mortgage Terms starting with O
Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.
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