Tag Archives: urban development agency

BofA Reduces Mortgage Loan Principal For 200,000

As a result of a settlement with state and federal government, Bank of America is writing down mortgage loan principal for about 200,000 Americans, sometimes as much as $100,000 per mortgage. Banking is far more regulated than ordinary business. Bankers … Continue reading

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Refinance: Finding Those Elusive Jumbo Loans

Holden Lewis writes for Bankrate.com: Higher loan limits, set early this year by the federal government as part of an economic stimulus package, were supposed to make jumbo loans more affordable in expensive housing markets. Jumbo-conforming loans range in size … Continue reading

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Hard To Find A Jumbo Loan

Here’s a report: Higher loan limits, set by the federal government as part of an economic stimulus package early this year, were supposed to make jumbo loans more affordable in expensive housing markets. Jumbo-conforming loans range in size from $417,000 … Continue reading

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