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N.J. foreclosure inventory spikes; 2nd most in nation - Asbury Park PressN.J. foreclosure inventory spikes; 2nd most in nationAsbury Park PressNew Jersey's percentage of home mortgage loans in foreclosure continues to rise, even as rates nationally have fallen to the lowest level since 2008, a report released Wednesday showed. New Jersey now has the second-highest percentage of mortgage loans ...Foreclosures in Illinois bogged downChicago TribuneForeclosures: Illinois 3rd Despite National ImprovementHispanicBusiness.comIllinois Swamped With ForeclosuresProgress Illinoisall 12 news articles »
New Jersey Refinancing Expert Explains New Home Affordable Refinance Program - SBWire (press release)New Jersey Refinancing Expert Explains New Home Affordable Refinance ProgramSBWire (press release)Toms River, NJ -- (SBWIRE) -- 05/17/2012 -- Help has finally arrived for New Jersey home owners whose property values have dropped over the past couple of years. In order to lower costs of mortgage installments today and get a good fixed rate plan ...and more »
Foreclosure filings up in Philadelphia region - Philadelphia InquirerTIMEForeclosure filings up in Philadelphia regionPhiladelphia InquirerNew Jersey was 39th among the 50 states, increasing 14 percent over March and 62 percent above April 2011. RealtyTrac, the Irvine, Calif., search engine for distressed home sales said the increases reflected a shift of the foreclosure crisis from the ...Report: Fewer US Homes Foreclosed upon in AprilTIMEall 320 news articles »
Mortgage rates reach new low, spur refinancing - NorthJersey.comKapitall BlogMortgage rates reach new low, spur refinancingNorthJersey.comUS mortgage rates tend to track Treasury bond yields of a comparable duration. When higher demand drives bond prices up, the yields decline, and home loan rates often follow. Lenders and loan brokers in northern New Jersey say they've noticed an ...Mortgage group: Loans past due and in foreclosure at 4-year lowLos Angeles TimesMortgage Delinquency Rate in US Fall to 2008 LevelsBusinessWeekMortgage delinquencies at lowest level in five yearsAGBeatThe Mortgage Reports -RealEstateRama (press release)all 121 news articles »
NJ Families with Autistic Children Receive a Helping Hand from Evergreen ... - Patch.comNJ Families with Autistic Children Receive a Helping Hand from Evergreen ...Patch.comEvergreen Memorial Home, located on the former site of Shiki Sushi, opened their doors and showcased their beautiful new space yesterday while helping out New Jersey families who have a child diagnosed with autism. “We are all very family oriented and ...
Jersey City looks to upgrade Rose Avenue, between Kearney and Orient avenues ... - The Jersey Journal - NJ.comJersey City looks to upgrade Rose Avenue, between Kearney and Orient avenues ...The Jersey Journal - NJ.comJoe Morris, organizer for statewide nonprofit New Jersey Together, said the $6 million project is an attempt to replicate the success of the Nehemiah housing program, which grew out of a church-based organizing movement in the mid-1980s in New York.
Federal Home Loan Bank of New York Declares a 4.50% Dividend For the First ... - MarketWatch (press release)Federal Home Loan Bank of New York Declares a 4.50% Dividend For the First ...MarketWatch (press release)"The Federal Home Loan Bank of New York has remained focused on our core mission of providing advances to our members when they need them to support responsible mortgage financing and promote a competitive lending environment," said Alfred A. DelliBovi ...and more »
This REIT Promises Yield And Growth Without Mortgage REIT Risk - Seeking AlphaThis REIT Promises Yield And Growth Without Mortgage REIT RiskSeeking AlphaThe New Jersey based REIT has a portfolio of 41 manufactured home communities containing approximately 9000 sites located in Indiana, New Jersey, New York, Ohio, Pennsylvania, and Tennessee. I wrote a detailed article on the Residential Housing REIT a ...and more »
RJ Brunelli Brokers Land Sale for Marlboro Commons in NJ; Development to Get ... - MarketWatch (press release)GlobeSt.comRJ Brunelli Brokers Land Sale for Marlboro Commons in NJ; Development to Get ...MarketWatch (press release)MARLBORO TOWNSHIP, NJ, May 16, 2012 /PRNewswire via COMTEX/ -- In a transaction brokered by RJ Brunelli & Co., Inc., Pagano Development Co., Inc. has acquired a 17-acre site at the intersection of Routes 9 and 520 here, paving the way for the ...R.J. Brunelli Brokers Land Sale for Marlboro Commons in N.J.; Development to ...Sacramento Beeall 11 news articles »
Q1 Housing Affordability Hits Record High - National Mortgage Professional MagazineBoston.comQ1 Housing Affordability Hits Record HighNational Mortgage Professional MagazineHousing affordability hit a new record high for a second consecutive quarter in the first three months of this year, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The latest HOI data reveal that ...Nationwide Housing Affordability Reaches New Record HighRealEstateRama (press release)all 553 news articles »

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Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms |