Welcome to Chino Hills California Real Estate, Gail Griffin Sign in | Help

Browse by Tags

All Tags » Industry » Community   (RSS)
Friday, May 17, 2013 12:48 PM

More homeowners can get mortgage reduced

Source: San Diego Union Tribune Chase and Wells Fargo are the latest two banks that have agreed to slash mortgage balances as much as up to $100,000 for certain clients through the state program Keep Your Home California. Read the full story
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Filed under: ,
Monday, April 22, 2013 6:19 AM

Regulators roll out streamlined mortgage modification program

Los Angeles Times The streamlined mortgage modification program doesn't require troubled borrowers to prove a hardship, but it won't include principal reductions. Read the full story
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Filed under: ,
Monday, April 22, 2013 5:55 AM

Audit faults Freddie Mac's oversight of mortgage servicers

Los Angeles Times At least eight big providers of mortgage customer service have failed to properly track and resolve serious complaints about servicing fraud. Read the full story
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Tuesday, April 16, 2013 6:56 AM

Refinance volume remains strong through January

The FHFA recently released its January 2013 Refinance Report, which shows that refinance volume remained high through the first month of this year. There were nearly 470,000 refinances in January, with roughly 97,600 completed through HARP. This brings
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Tuesday, February 19, 2013 5:41 PM

C.A.R. rebuts LA Times Op-Ed that advocates eliminating MID

Doyle McManus, a columnist with the Los Angeles Times, recently wrote an opinion editorial (Op-Ed) advocating the elimination of the Mortgage Interest Deduction. C.A.R. issued the following rebuttal to the Op-Ed: If Doyle McManus wants to support a tax
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Filed under: ,
Monday, January 21, 2013 5:54 PM

Avoiding loan-modification hoaxes

The New York Times Homeowners wary of being taken in by bogus “loan modification specialists” should not assume that a law office is the most reliable way to work with their lender. Consumer advocates say a growing number of fraudulent modification
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Tuesday, January 15, 2013 11:25 AM

Take Advantage of Today's Low Mortgage Rates!

Talking Points Homeowners who haven’t refinanced recently are probably paying a higher interest rate on their mortgage than is necessary. Borrowers should take advantage of today’s record-low mortgage rates while they last. With mortgage rates
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Filed under: ,
Tuesday, January 08, 2013 6:47 PM

Mortgage Forgiveness Debt Relief extended

Congress reached a settlement in the “fiscal cliff” negotiations. As a result, the Mortgage Forgiveness Debt Relief Act has been extended for another year. The measure will continue to exempt from taxation mortgage debt that is forgiven when
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Filed under: ,
Thursday, December 27, 2012 7:13 AM

Mortgage interest deduction in jeopardy?

San Francisco Chronicle As the “fiscal cliff” looms, the mortgage interest tax deduction is in the spotlight as Congress and the Obama administration consider ways to reduce spending and raise revenue. Read the full story
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Filed under: ,
Friday, December 14, 2012 7:17 AM

Call your member of congress today to protect the mortgage interest deduction

Congress, as part of negotiations on avoiding the "Fiscal Cliff," has made direct references to "closing loopholes" and "limiting deductions" as a way to raise revenues. Clearly, the mortgage interest deduction is high on
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Friday, October 26, 2012 5:34 AM

Tip of the Week: FinCEN releases mortgage loan fraud update

Suspicious Activity Reports (SARs) regarding foreclosure rescue scams continued to grow in the first half of 2012, even as the total number of SARs indicating mortgage loan fraud declined, the Financial Crimes Enforcement Network (FinCEN) recently reported.
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Friday, October 05, 2012 8:43 AM

Mortgage rates hit record low again

CNNMoney The average 30-year fixed-rate mortgage fell to an all-time low of 3.36%, according to a weekly survey by mortgage finance backer Freddie Mac. The rate dropped from 3.40% the previous week. Read the full story
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Filed under: ,
Friday, October 05, 2012 8:42 AM

Mortgage refinances surge to highest level since April 2009

Mercury News A Mortgage Bankers Assnociation index of refinance applications jumped 20 percent last week compared with the week before. Applications to purchase homes were up by 4 percent, the trade group said in a weekly survey released Wednesday. Read
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Filed under: ,
Friday, October 05, 2012 8:37 AM

Rates Locks...What are the Pros and Cons?

Talking Points The rate lock might be the most complicated issue mortgage borrowers need to understand. A rate lock is a guarantee that the lender will offer the borrower a specific combination of interest rate and points. A point is a fee or rebate equal
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
Filed under: ,
Thursday, October 04, 2012 6:46 AM

BofA notifies customers of second lien mortgage debt extinguishment

Bank of America announced this week that it is in the process of mailing approximately 150,000 letters to pre-qualified homeowners offering automjatic extinguishment of their second lien mortgages. The intention of the program is to place homeowners in
Posted by Gail Griffin, GRI, e-PRO | 0 Comments
More Posts Next page »