Tag: Mortgage

New law will eliminate subordination agreement requirements for some Maryland residential refinances

Written by Federal Title on 2013-08-20.

A homeowner who wants to refinance his or her first mortgage when there are two mortgages on the property is typically required to obtain a subordination agreement for the existing second mortgage. This is because without such an agreement,...

A win for the consumer

Written by Federal Title on 2013-08-02.

We’d like to applaud Wells Fargo for announcing a move toward eliminating their role in the ABA/CBA marketplace. The bank announced last week that it would discontinue 8 joint ventures, according to a report in American Banker. We’ve...

Attention buyers and refinancers: Don’t acquire new debt!

Written by Federal Title on 2013-06-21.

If you apply for a loan to buy or refinance a property, your lender will tell you not to acquire new debt before closing. What does this mean? It means, don’t buy a car with a car loan. Don’t get a new credit card. Don’t increase your credit...

Condominium rider: What is it, why does my lender require me to sign it?

Written by Federal Title on 2013-06-13.

If you’re buying a condominium, one of the documents you will be required to sign in connection with your loan is a “Condominium Rider.” This rider is an attachment to the document recorded in the land records to secure...

HARP extended 2 more years

Written by Federal Title on 2013-04-16.

The Federal Housing Finance Agency (FHFA) announced earlier this month that Fannie Mae and Freddie Mac would extend the Home Affordable Refinance Program (HARP) through December 31, 2015 earlier this month. The HARP Program was originally...

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Tag: Mortgage

New law will eliminate subordination agreement requirements for some Maryland residential refinances

A win for the consumer

Attention buyers and refinancers: Don’t acquire new debt!

Condominium rider: What is it, why does my lender require me to sign it?

HARP extended 2 more years

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