Southern Mortgage and Mortgage Lending News

The Latest News and Events

Mortgage Lending Current News Developments

  • New mortgage caps reduce options in pricey metros AP via Yahoo! Finance - Nov 07 11:16 AM People looking to buy more expensive homes next year will have fewer options to find financing because Fannie Mae and Freddie Mac will have lower limits on the size of loans they can buy.


  • HBOS, RBS Cut Mortgage Rates After Government Meeting (Update2) Bloomberg - 2 hours, 50 minutes agoNov. 7 (Bloomberg) -- HBOS Plc , the U.K.'s biggest home loan provider, and three other banks together representing almost half of British mortgage lending today cut interest rates after government ministers urged a reduction.


  • Md. seeks more mortgage companies in relief effort AP via Yahoo! Finance - 15 minutes ago Maryland Gov. Martin O'Malley said Friday he's hoping an agreement with six mortgage servicing companies to help struggling homeowners avoid foreclosure will pressure other companies to join the effort.


  • Commercial-Mortgage Lending Comes to `Abrupt Halt,' RBS Says Bloomberg - Nov 07 7:53 AMNov. 7 (Bloomberg) -- Commercial real estate borrowers are running out of options as asset-backed markets dry up and alternative financing comes to an ``abrupt halt,'' RBS Greenwich Capital Markets Inc. analysts said.


Mortgage lending world news and southern mortgage local events.
 

 

While we all know that you will save a bundle in interest if you choose a home loan that has a shorter duration, we also know that this can cost a lot more out of our pockets each month. This may come as a surprise but you can save about 100 thousand dollars over the course of your mortgage if you opt for a 15 year loan. I was shocked to discover that the interest paid over 15 years was 64,000 dollars in comparison to 164,000 dollars for a 30 year mortgage. Created by a team of industry experts, this website contains pages of information regarding the mortgage lending industry, products and services subcategories. So whether you're seeking general industry background or specifics about a particular product line, Southernmortgagelending.com will deliver the most useful and relevant information every time. We're convinced you'll soon be using our website for all your mortgage lending needs.

   

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