Finance, Credit and Loan Information


Mortgage lender achieves North Carolina milestone

North State Bank Mortgage has become the first lender in North Carolina to complete a fully-electronic mortgage closing. The milestone took place just after midday on Friday May 5 at the mortgage lender’s office in Hickory, NC. Jamie H. Harrington, mortgage market manager, was the loan officer. North Carolina Secretary of State Elaine Marshall, who […]

Urban farm and mortgage firm latest in line for NJ tax breaks to move to Camden

Two very different New Jersey businesses — an online mortgage broker and an urban farming operation — are in line for sizable tax incentives from the state’s Economic Development Authority this week to locate operations in Camden. E Mortgage Management LLC of Cherry Hill is awaiting word on a Grow New Jersey Assistance Program Grant […]

Tampa publicly traded mortgage company Walter Investment Management says it is now based in Pennsylvania

Walter Investment Management, a struggling mortgage service company that was born in Tampa and spun off from what was once the old Jim Walter home building company, says its now headquartered in Pennsylvania. The move was done with little public news other than a sentence tucked into a recent quarterly SEC filing. We recently changed […]

Current Mortgage Rates for Wednesday, May 10, 2017

Welcome to the Total Mortgage Current Mortgage Rates Blog. There’s some economic data out today, but first, your daily mortgage rate forecast/advice. Don’t feel like reading? Check out our Market Outlook series for an overview of what’s happening this week. Market Outlook 5.8.17 from Total Mortgage on Vimeo. Where are mortgage rates going? Geopolitics back […]

Home Buyers’ Top Mortgage Fears: Which One Scares You?

Lets get real, shall we? Getting a mortgagecan be a little frightening. Heck, a lot. Whodoesnt get jittery at the prospect of coughing up a huge down payment, of letting lenders probe their financial past, and of ultimately committing to paying back whats owed,month after month, regardless of what curveballs life might throw?In fact,according to […]

How to Get a Mortgage With Student Loan Debt (Yes, You Can)

Many college graduates hopingto buy a home wonder how to get a mortgage while saddled with student loan debt. Is it even possible to take on moremonthly bills whenyoure already haunted by college tuition?Turns out it is, in spite of how bad things look. And yes, we know it looks quitebad. In fact, 41% of […]

Mortgage rates move higher for Monday

Multiple closely watched mortgage rates floated higher today. The average rates on 30-year fixed and 15-year fixed mortgages both saw an increase. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also climbed higher. Mortgage rates are in a constant state of flux, but they remain much lower overall than they were before the Great Recession. […]

Maine bans mortgage loan servicer from taking on new business

Maine is one of 25 states that have banned Florida-based Ocwen Loan Servicing LLC, one of the country’s largest home mortgage loan servicers, from taking on any new business until allegations of illegal practices are resolved. The US Consumer Financial Protection Bureau filed a federal lawsuit in April accusing Ocwen’s parent company, Ocwen Financial Corp., […]

Mortgage applications rise 2% as more buyers hit the spring market

Mortgage application volume is still nearly 14 percent below year-ago levels because of weaker refinancing. Continuing strength in the job market and improving consumer confidence drove overall purchase applications to increase last week, said economist Joel Kan.

The latest mortgage perk for millennials: Reward points

Your mortgage may come with a bonus: credit-card reward points. Chase recently announced it will give 100,000 reward points, worth up to $1,500, to existing credit-card customers who take out a home loan with the bank between now and Aug. 6. The bank is not the first to offer credit-card perks in exchange for home […]

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