low mortgage rates attracting more short-term borrowerswith the 15-year rate in sub-3% territory, about 3 in 10 refinancers are opting for loans of less than 30 years. traditional 30-year fixed-rate loans are averaging 3.75%, a record low for the fifth straight week. as mortgage rates sink deeper into record territory, homeowners are refinancing into 15-year loans at a pace not seen in a decade, aiming to pay off their debt in time for retirement.second-mortgage lawsuits swamp homeownersa texas firm sues homeowners with foreclosed second mortgages.suntrust names mortgage industry veteran david stevens to new role as president, suntrust mortgage, inc.atlanta, may 30, 2012 /prnewswire/ -- suntrust banks, inc., (nyse: sti) announced today that david stevens, currently president and ceo of the mortgage bankers association (mba), will join the company ...mortgage insurers face ratings downgradesthree australian mortgage insurers are facing possible downgrades by ratings agency moody’s investors services. |
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