Home Mortgage

Mortgage Rates Up Slightly Last Week of October

Mortgage watchers from the Wall Street Journal report that overall, mortgage rates were mixed in the last week of October with long-term fixed-rate mortgages slightly higher for the second consecutive week. These gains, however modest, broke a long streak of many weeks of record lows, according to federal mortgage giant Freddie Mac. Thirty-year fixed-rate mortgages averaged 4.23 percent for the last week...

Foreclosure Oversights Could Be “Epidemic” in Mortgage Banking Industry

Recent announcements from Bank of America, JPMorgan and some other mortgage lenders about a stop to foreclosures until they had investigated "oversights" in the foreclosure process suggest that these problems are more serious and widespread than we initially thought. In a deposition she gave last February, one Bank of America official admitted that she signed 7,000 to 8,000 foreclosure documents per month...

Mortgage Rates Heading Up Say Industry Analysts

Mortgage lenders, brokers and real estate analysts have been forecasting for months that mortgage rates would be heading up soon. The only cause of disagreement was how much they would increase. However, months after predicting rate hikes, mortgage rates have actually dropped one-half of a percentage point and are near record lows. As of August 2010, the average rate on a 30-year fixed-rate mortgage was...

Mortgage Interest Rates Lowest Since 1971

People who are thinking about buying a home or refinancing a mortgage right now know that it is tough to get lenders to work with them whether they have an excellent credit rating and credit history or not. No matter how many hoops they must jump through to satisfy mortgage lenders, it is definitely in borrowers' best interests to endure the paper chase as mortgage interest rates are at near-historic lows...

Louisville Home Mortgage Broker Ordered to Cease Doing Business in Indiana

Indiana's Securities Commissioner has ordered a Louisville-based home mortgage broker and another broker based in Las Vegas to stop doing business in Indiana. A complaint filed with the Indiana Securities Commission cites Louisville-based Home Ownership Possibilities for Everyone LLC as one of the companies operating illegally without a license in Indiana. The state cited the mortgage broker for trying to...

Private Mortgage Insurance Companies Slowly Returning to the Market

The Federal Housing Authority, which insures mortgage losses for lenders if borrowers don't make their payments, is reevaluating its policies to shore up its financial position as a rising number of mortgage defaults have depleted its operating funds. While the FHA tightens lending requirements, private mortgage insurance companies are beginning to enter the market again after running for cover when...

Bank of America Reduces Mortgage Balances

It comes much too late for many people who have lost their homes in foreclosure, but is welcome news for many homeowners struggling to hold onto their homes. Bank of America announced recently that it has started to forgive some mortgage debt to help stressed homeowners keep their homes and avoid bankruptcy. If Bank of America is your mortgage lender, don't pick up the phone yet because participation in...

James Powell

Jim Powell has over 20 years of experience buying and selling luxury real estate in Louisville, KY and Managing over hundreds or rental properties across the city.
Jim Powell (License #191501)

Lauren Ghanavatian

Lauren Ghanavatian attended Assumption High School and the University of Louisville. Growing up in Louisville gave her a sense of the unique and diverse communities this city has to offer.

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Louisville Properties is a full service Louisville Real Estate Company for buyers and sellers of real estate. We offer the following services
3418 Frankfort Ave #100 Louisville, KY 40207 Louisville, KY 40207
United States
Phone: 1-502-744-9504

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