(Vocus) June 14, 2010 — The National Mortgage Complaint Center is one of the most quoted sources in the US on predatory mortgage lending. The group is now expanding its mortgage junk fee initiative for all US homeowners who have financed, or refinanced a home in California, or any other state within the last year. At no cost to the homeowner, the National Mortgage Complaint Center will examine the second page of the HUD-1 Settlement statement for any signs of junk mortgage fees, or inflated mortgage fees. The group is saying, “there are millions of US homeowners who have financed, or refinanced a home in the last year, and we think most would like to know if they have been overcharged in anyway. Sadly, we fear it might not just be hundreds of dollars, it could be thousands of dollars, and we think the homeowner has a right to know what fees are junk mortgage costs, or fees for nothing.” For each homeowner submitting their HUD-1 Settlement Statement to the National Mortgage Complaint Center, the group will produce a free written report for the homeowner, detailing every mortgage-title fee, that could be a junk mortgage fee, or inflated cost. For more information on this national initiative, homeowners in California, or any other state can contact the National Mortgage Complaint Center anytime at 866-714-6466, or contact the group via its web site at http://NationalMortgageComplaintCenter.Com

Why is the National Mortgage Complaint Center doing this? According to the group, “we began this junk mortgage, or title insurance fee initiative for one really important reason-we do not want the mortgage/title insurance industries going back to their old ways prior to the US real estate meltdown. As importantly, we think homeowners have the right to know if they have been cheated, or overcharged in anyway, when getting a home loan, or refinance.” For more information on this free mortgage document inspection please contact the National Mortgage Complaint Center anytime at 866-714-6466, or contact the group via its web site at http://NationalMortgageComplaintCenter.Com

The National Mortgage Complaint Center has been featured on CNN, NPR, or in Newsweek Magazine, The New York Times, The Wall Street Journal, Good Housekeeping Magazine, Money Magazine, CBS Market Watch, CNN Money, the International Business Times, in the Los Angeles Times as “The Good Watchdog, and numerous other US, or international news sources.

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For the original version on PRWeb visit: http://www.prweb.com/releases/2010/06/prweb4130924.htm

(Vocus) June 9, 2010 — The National Mortgage Complaint Center is among the most quoted sources in the United States on the topic of predatory mortgage lending. The group is launching a nationwide initiative focused on major national title insurance companies over charging unsuspecting homeowners with inflated, or unnecessary mortgage charges related to E-Doc fees, overnight, or courier fees, inflated notary fees, or other junk mortgage fees. The group says, “we want to talk with homeowners, especially in California, who have recently refinanced, or financed a home, and we want to look at the second page of their HUD-1 Settlement Statement page-to see not if-but how badly they were overcharged.” For more information homeowners, who have recently refinanced, or financed a home can contact the National Mortgage Complaint Center at 866-714-6466, or contact the group via its web site at http://NationalMortgageComplaintCenter.Com

The National Mortgage Complaint Center is saying, “we fear millions of completely unsuspecting US homeowners, who have recently refinanced, or purchased a home were overcharged, or cheated, if they used a major national title insurance company. We are focused on California because title insurance companies have a pattern of ripping off homeowners in this state.” The group is also saying, “as part of our HUD 1 Settlement Statement page 2. inspection, we will also look for signs the mortgage lender overcharged, or gouged the homeowner. There is no charge for this service-we just want to put an end to these practices.” If a homeowner in California, or any other state, has recently refinanced or financed a home, and wants a free examination of their title charges-mortgage fees, please contact the National Mortgage Complaint Center at 866-714-6466, or contact the group via its web site at http://NationalMortgageComplaintCenter.Com

The National Mortgage Complaint Center is also strongly encouraging homeowners about to refinance to re-use your existing title insurance company. The group says,”most US States require title insurance companies to offer a consumer a discounted title insurance fee-also called a reissue rate. Most title insurance companies forget to mention this to unsuspecting homeowners about to refinance their home. What a surprise.” http://NationalMortgageComplaintCenter.Com

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For the original version on PRWeb visit: http://www.prweb.com/releases/2010/06/prweb4110124.htm

(PRWEB) May 31, 2010 — Well-respected for his industry knowledge and experience, local mortgage broker Anthony Smith celebrates an important achievement this month – 10 years as a business owner for Mortgage Choice, Australia’s largest independently-owned mortgage broker.

Anthony takes great pride in the success his local franchise has achieved over the past decade and he is grateful for the support of his customers and team.

“Ten years in a successful business is an achievement I’m proud of. During that time I have helped thousands of Cheltenham locals and those in nearby areas to find a great loan, whether that means it has a competitive interest rate, low fees and/or is packed with a range of features,” said Anthony.

“If it weren’t for the backing of my strong team, with special mention of Kirsty Williamson, Chris Howitt and Kate Holland, all of whom have been with me for over five years, I wouldn’t have achieved anywhere near as much in this amount of time.

“Helping customers’ reach their property goals is straightforward when you also have the support and encouragement of friends and family, plus other passionate Mortgage Choice brokers. Not to mention our lending partners – without them our customers wouldn’t be able to finance their dreams.”

In addition to commemorating Anthony’s first decade at Mortgage Choice, this year marks the fourth consecutive year his franchise business has been among the company’s elite ‘High Flyer’ category that recognises its top franchise owners nationally.

“It has been a win all-round for us lately. We maintained our High Flyer status on the back of winning the 2009 Mortgage and Finance Association of Australia Broker of the Year award, as well as ranking amongst the Mortgage Professional Australia magazine’s Top 100 Brokers list in 2009 for the second consecutive year,” Anthony said.

Always looking for ways to improve customer service, Anthony and his team recently diversified their services. Today, they offer residential investment, commercial and personal loans, plus asset finance and insurance services. Anthony is confident that with a broader service offering, the business can better help borrowers achieve their financial goals.

“We’re excited to now offer customers a ‘one-stop-shop’ of financial solutions. Our aim is to make the process as simple and convenient as possible, by offering information and guidance with great care. We want customers to be confident in their decision making, especially considering the recent bout of interest rate rises,” said Anthony.

“Whilst we continue to improve our business strategy, one critical element remains unchanged - that we do not charge customers for our residential loan services.”

Anthony and his team will shortly host the Property Collectors Club, a quarterly information session for customers involved or interested in property investment. Each session will be presented by a different guest speaker and will include customer case studies, investment property tips and insights into investment loan structuring.

“Our aim is to share our knowledge and experiences alongside industry experts and customers so we can all help each other achieve more. We hope to inspire locals to create their own wealth by demonstrating how property investment could work for them,” said Anthony.

Visit Anthony and the local team’s website at www.mortgagechoice.com.au/anthony.smith or call 9585 7779.

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For the original version on PRWeb visit: http://www.prweb.com/releases/Mortgage-Choice/Mortgage-Brokers/prweb4059774.htm

The Federal Housing Administration, which insures lenders for losses incurred should a borrower not make his payments as promised, is pulling in its horns in an effort to remain solvent in the face of a rising number of delinquencies and foreclosures.

At the same time, though, some of the half a dozen private companies that provide lenders with similar protection against defaults are quietly reentering the market, a market they all but vacated when the housing sector tanked.

“Private mortgage insurers are coming back,” says Mark Goldhaber, senior vice president for affordable housing at Genworth Mortgage Insurance in Raleigh, N.C.

Created in 1934, the FHA was intended to open homeownership to those with low and moderate incomes. It has a countercyclical role, too, and often expands its market share when housing hits the doldrums. But last year, the agency insured nearly 30% of all single-family loans, a portion even government officials believe is way too large. A 10% share is considered optimal.

Read full story

Holmdel, NJ (PRWEB) April 6, 2010 — When asked by NPR news reporter, Chris Arnold, to comment on how the Federal Reserve’s decision to pull the plug on mortgage purchases will affect interest rates, Barry Habib, the Founder of Mortgage Market Guide and the Chairman of the Board of Mortgage Success Source, LLC, said, “…it will leave a vacuum in the market that will push up interest rates.”

Barry Habib, is the driving force behind Mortgage Success Source. With more than 23 years of experience in the mortgage industry, he has personally originated over $2 billion in individual loan production during his career. Recognized as one of America’s top loan originators, Barry’s financial advice and experience is highly sought after by everyone from major news networks like NPR, including NBC, CNN and Fox, to corporate and independent mortgage professionals.

In addition, Barry has been a professional speaker for fifteen years, has successfully authored a stock advisory newsletter, owned an insurance agency, and acted as managing partner in a real estate investment company.

This broad range of expertise in varied areas of the financial industries gives him a unique perspective, which he shared as a featured guest of news reporter, Chris Arnold, on NPR, March 30, 2010, the day before the Federal Reserve ended their program for buying upwards of $1.2 trillion worth of home mortgages.

To help the NPR audience get a real feel for exactly how massive the Fed’s mortgage purchasing program has been, Barry Habib painted a vivid picture: “A hundred thousand dollars is only a stack four inches high. A million dollars is 40 inches high, three feet off the ground. But a trillion! A trillion is a stack 679 miles high. That will give you an idea of how enormous the Fed buying is – and that’s ending, that’s stopping.”

“The Fed came to the rescue [in buying mortgage-backed securities,” continued Barry. “If they hadn’t done this, the housing market would have imploded. You would have had unemployment, foreclosures that look nothing like the foreclosures we have now. They would have been so large. And we could have had the depression. For the homeowner, I think they really did save the day.”

Mortgage professionals can learn more from Barry Habib on how the expiration of the Fed’s MBS Purchase Program will impact interest rates by attending a free webinar from The Mortgage Market Guide entitled, Use Market Volatility to Your Advantage, on April 7, 2010, at 2:00 PM Eastern Time. For more information on the free webinar and other Mortgage Success Source events, please visit: www.mortgagesuccesssource.com.

ABOUT MORTGAGE SUCCESS SOURCE
Mortgage Success Source (MSS) is the strategic alliance of Mortgage Market Guide, LoanToolbox and The Duncan Group. Featuring the talents of industry leaders Barry Habib, Sue Woodard, Greg Frost, and Jim McMahan, MSS provides training and money-making resources to more than 30,000 loan originators nationwide. MSS is the one-stop-shop for loan originators looking to achieve higher levels of success. All MSS products and technologies feature proven systems that are easy to implement and generate increased loan volume. For more information on MSS products and services, visit www.MortgageSuccessSource.com.

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For the original version on PRWeb visit: http://www.prweb.com/releases/2010/04/prweb3836094.htm

(PRWEB) March 29, 2010 — ConsumerFinanceReport.com, a consumer advocacy website that promotes advancement of consumer knowledge and awareness on personal finance issues and topics, announced today the addition of a new suite of mortgage calculators designed to help consumers evaluate mortgage refinance and home purchase scenario’s. The new calculators, according to a company spokesperson, are consistent with consumerfinancereport.com’s goal of providing the tools and information necessary for consumers to make knowledgeable and fact-based financial decisions.

Links to the new set of tools can be found on the home page or by going directly to the site’s Mortgage Refinancing section.

The mortgage payment calculator tools are designed to display monthly payment amounts for typical particular mortgage products such as conventional mortgages, home equity lines of credit, or interest-only mortgages. The interactive calculator tools allow consumers to easily visualize how their personal financial situation results in a range of mortgage related scenarios. Consumers can get help to answer questions such as; should I refinance a mortgage, what size home can I afford, and what is the largest mortgage I could afford?

The “refinance” section in ConsumerFinanceReport.com contains helpful articles that offer advice, tips, and guidance to consumers on a host of mortgage refinancing topics. The company maintains an in-house staff of experienced and expert personal finance professionals which specialize in providing unique, hard hitting, and unbiased information on a wide range on personal finance topics. In addition to the mortgage refinancing content, the site has concentrated material on subject areas that include home equity loans, personal loans, mortgage loan modification, credit repair, debt relief , and insurance. An additional section is dedicated to issues surrounding bankruptcy and foreclosure, containing information to educate consumers on bankruptcy facts and present viable alternatives to bankruptcy. Consumerfinancereport.com also maintains updated scam alerts and warnings that highlight products or services in which people need to be aware.

About ConsumerFinanceReport.com
ConsumerFinanceReport.com is owned by Evergreen Media, a leader in the web based marketing industry, serving the U.S and Canada. The privately held firm serves and partners with clients who are among the largest companies in the area of consumer debt reduction and relief. Evergreen Media maintains a highly skilled and experienced staff of consumer finance professionals, and has operations in Seattle and Chicago.

Press Contact
info(at)consumerfinancereport(dot)com
jnewton(at)evergreenmedia(dot)com

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For the original version on PRWeb visit: http://www.prweb.com/releases/2010/03/prweb3796164.htm

Washington, DC (PRWEB) February 25, 2010 — www.lowratenetwork.com, a new mortgage portal celebrates its public launch.

“Our mission is simply this—to create a smarter, more informed consumer while simultaneously facilitating a more personal way to get a loan from a AAA-Rated bank” said Low Rate Network CEO Jeff Levin. “We know that people want to work with AAA –Rated banks and desire personalization in terms of the news they get. We aspire to incorporate the best services on the Web to make Low Rate Network everyone’s online home for mortgage loans and news.”

Low Rate Network brings everything that’s important to consumers and relevant in their mortgage financial life into one place. “Instead of going to multiple news, bank and mortgage sites each day, visiting Facebook and Twitter and checking various e-mail accounts, consumers can do it all in one place with Low Rate Network,” said Levin. ”

Low Rate Network, which has been in development since the summer of 2008, recently concluded extensive private testing and will continue to evolve into a one stop portal for all mortgage information.

“Low Rate Network will be continuously evolving,” said Levin.

Before developing Low Rate Network, Levin served as CEO of iwantalowrate.com, a leading real estate finance company. In 8 years, Levin developed the company from an inspired idea into one of the leading online mortgage companies in the United States. Levin resides in Washington DC.

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For the original version on PRWeb visit: http://www.prweb.com/releases/2010/02/prweb3643454.htm

The FHA, which has taken on a major role in the housing market during the economic downturn, doesn’t lend money to home buyers, but insures lenders against default on loans that meet FHA criteria. In exchange for that backing, borrowers who take out FHA-backed loans must pay an upfront insurance premium, currently set at 1.75% of the total loan amount. The premium can be rolled into the loan.

The FHA is set to raise that fee to 2.25%, the second increase in the past two years, according to people familiar with the matter. The value of the FHA’s reserves to cover losses has fallen to $3.6 billion, about 0.5% of the $685 billion in loans outstanding, down from 3% a year earlier. Congress requires the agency to maintain a 2% capital-reserve ratio. If the larger upfront fee had been in place last year, the FHA would have boosted its reserves by more than $1 billion.

Also to boost the reserve, the FHA will ask Congress to increase a separate insurance fee that borrowers pay annually, people said. If the agency were to run short of cash to cover projected losses, it likely would have to ask Congress for money for the first time ever.

Read full story

(PRWEB) November 16, 2009 — Americas Watchdog’s Mortgage Inspection Service has been protecting US homeowners, or borrowers about to close on a home loan from being gouged with junk mortgage fees, and or inflated interest rates, for the better part of a decade. The group is saying, “our Mortgage Inspection Service is a truly unique mortgage document inspection, and mortgage review, designed specifically to make sure the consumer gets the absolute best possible deal, and our report is in writing.” The Mortgage Inspection Service says,”by putting our mortgage review and inspection in writing, we make it easy for a consumer to see where the mortgage lender has tried to throw in junk mortgage fees, inflate their interest rates, or highlight other areas of concern we have. There is no other service like this in the US, that has our credibility.” For more information please contact the Mortgage Inspection Service at 866-714-6466, or contact the group via its web site at Http://MortgageInspectionService.Com

But I thought with the mortgage meltdown, mortgage lenders had cleaned up their act? According to the Mortgage Inspection Service,”mortgage lenders have not cleaned up their act. If anything, junk mortgage fees, are as bad now as they have ever been. We think this is because with fewer loans, or refinances, some mortgage brokers, or mortgage lenders are doing everything possible to squeeze every penny they possibly can out of the borrower. Our mortgage inspection is designed to prevent this.” Consumers who are about to close on a new home loan, or refinance an existing home loan can call the Mortgage Inspection Service anytime at 866-714-6466, or contact the group via its web site at Http://MortgageInspectionService.Com

The Mortgage Inspection Service is saying, “in addition to looking for junk mortgage fees, or inflated interest rates, we also look at title, and closing fees, on a home, or condominium purchase, or refinance. On a typical transaction we normally discover $200+ in closing, or title insurance fee over charges alone.”

From a credibility standpoint, the Mortgage Inspection Service, or its sister group the National Mortgage Complaint Center have been featured in Money Magazine, the Wall Street Journal, Newsweek Magazine, Good Housekeeping Magazine, CBS MarketWatch, the International Times, numerous national publications, or heard on NPR, and seen on CNN.

The Mortgage Inspection Service is saying, “anyone about to finance, or refinance a home should use our $75 mortgage document review, and inspection, if they really want to make certain they are getting the best possible mortgage deal.” The group says, “we encourage honest real estate agents, homeowners insurance agents, churches, or organizations to put a link to our web site on theirs. We would also like corporate HR managers to let their employees know about our very unique mortgage document review, inspection, and analysis; all designed to save the consumer money, and or to protect them from being overcharged in a mortgage transaction. For more information please contact the Mortgage Inspection Service anytime at 866-714-6466, or contact the group via its web site at Http://MortgageInspectionService.Com

Note from the Mortgage Inspection Service: “If you know of someone who is about to finance, or refinance a home, please share this press release with them.” The group says, “these are tough economic times, and the Mortgage Inspection Service is all about protecting consumers, when they finance or refinance a home. As part of our mortgage document inspection, and Good Faith Estimate review, we try everything possible to make sure the consumer gets the best interest rates available, in addition to making sure they are not getting gouged with unnecessary junk mortgage fees.”

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For the original version on PRWeb visit: http://www.prweb.com/releases/2009/11/prweb3208784.htm

Miami, Fla. (PRWEB) July 28, 2009 — Mario W. Pino President and Principal Agent of Max Value Insurance Group rolls out his new Homeowners Insurance Program dedicated to facilitate closings for mortgage brokers and title companies throughout the state of Florida and beyond.

MVIG is licensed in Florida and twenty- three other states, going nationwide soon. “We are determined to make the Homeowners Insurance component a non-factor in your closing process.” “Rest at ease” says Pino, “We’ll have your policy Quoted, Bound and Billed within the Hour!”

“We eliminate the hassle for the broker of shopping the insurance for the client. It’s a win-win for both the broker and the client. The broker gets fast and courteous service, the client gets that and the best Homeowners rate available.”

“They should just give us a try; we’re changing the way business is done. Our team of agents knows the time constraints that mortgage brokers and title agents face. Quoted, Bound and Billed Within the Hour! That’s our Motto.” To contact MVIG log on to www.max-value-insurance.com or call 305-669-1879 out of state toll free 866-950-6844 (MVIG).

MVIG also prepares insurance for investment properties, foreclosures, vacant and renovation risks. We deal exclusively with “A” rated standard and surplus lines carriers. Dwelling/Fire and Commercial risks are no problem. We have a fully automated quoting system which allows us to quote most risks in house eliminating long waits. Just email or fax the appraisal/coverage requirements or log on to www.max-value-insurance.com to get your risk quoted within the hour. If the broker or client is on the road, they can feel free to call us and we can quote them over the phone. Our agents speak English and Spanish. We also have several Auto Insurance Carriers available for our personal and commercial auto policy clients.

Contact:

Mario W Pino President and Principal Agent
Max Value INsurance Group
1-866-950-6844 (MVIG)
http://www.max-value-insurance.com

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For the original version on PRWeb visit: http://www.prweb.com/releases/homeowners-insurance/agent/prweb2681004.htm