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The Mortgage Specialists, Inc.v. Implode-Explode Heavy Industries, Inc. is a New Hampshire Supreme Court case in which Mortgage Specialists, a mortgage lender, sought to obtain the identity of an anonymous source who provided Implode-Explode Heavy Industries (Implode), a website monitoring risky lenders, with a confidential document detailing Mortgage Specialists' loan practices. [1]
Reverse mortgage. A home equity conversion mortgage — or reverse mortgage — is designed for homeowners ages 62 or older. You borrow money from your home’s equity as a loan, but no monthly ...
A mortgage point could cost 1% of your mortgage amount, which means about $5,000 on a $500,000 home loan, with each point lowering your interest rate by about 0.25%, depending on your lender and loan.
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After becoming emeritus at the Wharton School, Guttentag developed the website The Mortgage Professor to help consumers navigate the home loan market more effectively. He has published several books on the topic, including The Pocket Mortgage Guide (2003) and The Mortgage Encyclopedia (2004, 2010). He also wrote a nationally syndicated ...
Between April 30, 1997 and February 1, 2005, PHH was a wholly owned subsidiary of Cendant Corporation (now known as Avis Budget Group) and its predecessors that provided mortgage banking services, facilitated employee relocations and provided vehicle fleet management and fuel card services. [citation needed]
Mortgage rates initially fell as the U.S. central bank started cutting interest rates in September. They have, however, erased that decline after the yield on the benchmark 10-year U.S. Treasury ...