Category Archives: Loans and Mortgage
Banks’ Mortgage Modification Tactics Haven’t Changed
Kansas City homeowner asked for mortgage modification. He was told not to make payments because the bank wrongly asserted the loan had to be in default. When homeowner missed a payment, the bank began foreclosure
New Plan for Homeowners May Help Some in Kansas City
New mortgage modification program won’t help struggling homeowners. The program is only for underwater homeowners current on their payments.
Could This Move Affect Buyers in Kansas City?
How will Kansas City home buyers be affected by the takeover of PMI by the state of Arizona?
FHA Raises PMI Insurance
photo credit: Andrew Michaels As of April 18, the cost of an FHA loan is going up. FHA doesn’t originate loans: they insure loans made by banks. And if you have less than 80% as a down payment you will have to pay a Mortgage Insurance Premium. The cost of this premium is what FHA [...]