2 Articles match "Company","Maine","Origination"

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Wachovia Changes The Lending Game
More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. Additionally, for all new loan originations, Wachovia is discontinuing offering products that include payment options resulting in negative amortization.” “This is one of the most-enlightened decisions
www.realtytrac.com - Tuesday, February 3, 2009
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
And homeowners from California to Maine were left wishing they had a way to close the floodgates, stopping foreclosure of their homes immediately. Its suggestions: increase federal support for local foreclosure prevention programs; strengthen and reform the FHA; strengthen regulation of mortgage origination at the federal level; create a federal anti-predatory lending law that bans unfair and deceptive practices; establish borrowers ability to pay standards; and disclosure relating to alternative mortgage products must be enhanced. Denvers Foreclosure Task Force recently issued
www.realtytrac.com - Tuesday, February 3, 2009
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  • The Best from RealtyTrac MORE
  • Wachovia Changes The Lending Game
    More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. Additionally, for all new loan originations, Wachovia is discontinuing offering products that include payment options resulting in negative amortization.” “This is one of the most-enlightened decisions
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
    And homeowners from California to Maine were left wishing they had a way to close the floodgates, stopping foreclosure of their homes immediately. Its suggestions: increase federal support for local foreclosure prevention programs; strengthen and reform the FHA; strengthen regulation of mortgage origination at the federal level; create a federal anti-predatory lending law that bans unfair and deceptive practices; establish borrowers ability to pay standards; and disclosure relating to alternative mortgage products must be enhanced. Denvers Foreclosure Task Force recently issued
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE