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Date: 09/04/2008 Ocwen Financial Corp. (OCN), one of the nation's leading subprime mortgage providers, has reported that delinquencies have decreased throughout the summer on the subprime mortgages it handles. The decrease seems to be as a result of the company's technology enhanced loan modifica...
09/05/2008
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We love any and all positive news so we wanted to pass it on to you! The Mortgage Bankers Association reported a 3.6 percent rise on its seasonally adjusted application index in the week ended June 27. The MBA's survey covers about half of all U.S residential mortgage applications. The jump coin...
07/09/2008
Date: 06/25/2008 Democrats and Republicans alike are wanting credit for helping homeowners across the country in today's housing market, hence the rush for a huge foreclosure rescue bill. The Senate is very close to getting the bill passed although it still needs the Presidents stamp of approva...
06/26/2008
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Date: 06/23/2008 President Bush's time is limited in office and he is checking off his to do list. After coming to an agreement on terrorist surveillance and Iraq war money, President Bush and Congress are on to the next item of business; a prospective housing rescue. With elections on the horiz...
06/24/2008
Not necessarily. In fact, if you are a reasonably astute shopper, you will probably do better dealing with a mortgage broker. Mortgage brokers do not add any net cost to the lending process, because they perform functions that would otherwise have to be done by employees of the lender. Furthermor...
06/19/2008
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Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to re...
06/19/2008
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The Hope Now Alliance announced yesterday new efforts that are designed to expand and expedite procedures for homeowners that are at risk of foreclosure. The Hope Now Alliance defines itself as "an alliance between counselors, servicers, investors, and other mortgage market participants to ma...
06/19/2008
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Please check out our website at www.piffinancial.com then click on the "Proud Partners" tab and you will find a page that looks similar to this. We will be constantly adding new business's to this section so check back frequently. You will also find many other useful resources at www.piffinanci...
06/17/2008
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Drive Sensibly Aggressive driving (speeding, rapid acceleration and braking) wastes gas. It can lower your gas mileage by 33 percent at highway speeds and by 5 percent around town. Sensible driving is also safer for you and others, so you may save more than gas money. Fuel Economy Benefit: 5-33...
06/17/2008
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Market Update: Manufacturing in New York region dropped 8.7% in June, more than the market-estimated 2% monthly drop. The US Dollar fell against the Euro and Yen. Oil touched a new record of $139.89 a barrel today as investors moved into commodity investments to protect against Dollar depreciati...
06/17/2008