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Chase is Hiring
Chase Bank, said Tuesday that it plans to hire 1,200 mortgage loan officers by the end of 2010.
The new staff will increase the bank’s sales force by 60 percent and will be focused on helping Chase customers finance home purchases or reduce their monthly payments through refinances.
Obama May Help Homeowners
The Obama administration is looking at subsidizing the mortgage payments of struggling borrowers before they default, according to sources familiar with the discussions..
15 Charged in Real Estate Scam
Fifteen people have been charged by the Philadelphia District Attorney’s office in a real estate theft scheme that preyed on naive and non-English-speaking buyers in Kensington and other poor city neighborhoods.
District Attorney Lynne M. Abraham announced the charges in a news conference shortly before noon today, saying 82 fraudulent property sales had been linked to the [...]
FHA Loan Qualifications
Qualifying for a mortgage loan can be hard to do if you do not have a lot of money for a down payment or even the best credit report. The best type of loan for you would be a FHA Loan. There are fewer restrictions for a FHA Loan Qualification as opposed to a standard [...]
Bank of America to cut mortgages
As part of the initiative, Bank of America will cut monthly housing payments, including mortgage, property taxes and insurance, to no more than 34% of gross income. The move is expected to help keep as many as 400,000 troubled borrowers in their homes.
The program targets holders of subprime adjustable rate mortgage (ARMs), subprime fixed rate loans [...]
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