Homes And Condos

Know how much you’re going to make when you make your offer.

Student loans are two-edged swords.

Here’s a free tip, don’t be fooled by the ‘Pre-construction’ or ‘Phase One’ hype; if a development is a bad investment it doesn’t matter how early you buy it.

Delinquency Rise Seen Easing
Delinquency of at least 60 days on mortgage loans was 3.2 percent in the first quarter, TransUnion.com reported. Late payments rose from the fourth quarter and a year earlier. "However, TransUnion forecasts that in 2009 the rise in mortgage delinquency rates is expected to taper off as economic conditions improve and home prices begin to stabilize," the report said.

Growing Wholesaler Hiring
Mortgage Network Inc. announced expansion plans in five states for its wholesale operations. An executive for the New England-based company told MortgageDaily.com that they have hired 85 people during past 12 months. He added that Mortgage Network plans to hire another 100 over the next 12 months.

Tech Strategies and Mobile Innovations
Guardian Mortgage Documents issued a statement touting StoneWater Mortgage Corp. as a new customer for its automated documentation preparation system. StoneWater is a new wholesale lender that plans to launch national business operations in the third quarter utilizing a strategy that integrates best-of-breed solutions into its technology platform. Wells Fargo & Co. announced that it has added wire transfer services and image positive pay functionality to its CEO Mobile service.

Bogus Bi-Weekly Business Busted
Ohio’s attorney general has filed a lawsuit against Nationwide Biweekly Administration Inc., an announcement said. The company is accused of promising borrowers it could help them build home equity "twice as fast" by debiting their bank accounts every other week and making their mortgage payments on a bi-weekly basis. Nationwide charged a non-refundable fee of $75 for the service. But the company only made payments once monthly, the state alleges.

100 Originators Wanted
Residential Finance Corp. announced plans to add as many as 100 new loan originators. The company said it is looking to hire loan officers in Ohio and in Florida. The hirings are expected to be completed during the third quarter of this year.

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