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nh mortgage lender: NH Mortgage Shoppers - Here's Today's Rate Lock Strategy - 01/27/10 08:27 AM
<!-- This material is non-exclusively licensed to Kevin Wallace, CMPS and may not be copied, reproduced, or sold in any form whatsoever.--> The Federal Open Market Committee ends a scheduled, 2-day meeting today in Washington. It's the first of 8 scheduled meetings for the policy-setting group in 2010. The group adjourns at 2:15 PM ET. As is customary, upon adjournment, the Fed will issue a press release to the markets recapping its views of the country's current economic condition, and the outlook for the near-term future. The post-meeting statements from the Fed are brief but comprehensive. And Wall Street eats them … (0 comments)

nh mortgage lender: NH Home Values: What It Means When More Than Half Of The Delinquent Homeowners Go Delinquent Again - 12/23/08 11:01 AM
Earlier this year and under pressure from the government, mortgage lenders made more than 200,000 loan modifications to delinquent homeowners.
The modifications came in one of three forms, or a combination:
Interest rate reduction Loan term extension Principal forgiveness But despite the modifications, as of October 1, more than half of the homeowners that received assistance were already two months behind on their modified monthly payments.
This late-pay statistic was a focal point on Capitol Hill yesterday as the government admitted delinquencies "were larger than [they] thought they'd be". Loan modifications are proving inadequate at slowing foreclosures and yesterday's session opened … (0 comments)

 

Kevin Wallace

Manchester, NH

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Merrimack Mortgage Company

Address: 406 Riverway Place, Bedford Commons, Bedford, NH, 03110

Office Phone: (603) 668-8197

Cell Phone: (603) 475-4512

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