www.azrefiinfo.com

Today lots of individuals are thinking about doing something different with a mortage thanks to the difficult financial times.

There are a variety of home refinancing options so always seek information before you commit. We hope this site helps you make the best decision for you

3.5% Interest Commercial Mortgage Video Release Delayed by Clopton Capital

Chicago, IL (PRWEB) January 20, 2012

Clopton Capital, a commercial mortgage provider based out of Chicago, IL has today had to delay their release of their first video to promote commercial mortgage rates of 3.5%. The reason for this lies in the technical difficulties and editorial issues with producing the short yet professionally produced video.

“The issue is merely trying to get the frames, music and other elements into the right order and to make them work together perfectly. What I have now is very stylish but it jumps the gun and nullifies the point I’m trying to make. The video outlines the unemployment and commercial credit issues in America and then presents Clopton Capital’s commercial mortgage refinancing program as part of the solution. It’s a powerful message but it would look far to contrived to release it as is,” said Eric Smith, the head of marketing for Clopton Capital.

The firm believes that utilizing high quality videos in conjunction with their daily press releases and other marketing efforts will give them an edge over the competitors and make them more attractive to contact and ultimately conduct business with. “This is merely an eloquent way of bringing attention to programs we maintain that local banks simply do not. The problem is banks have their own local marketing to bring customers in and we don’t. We have to be far more creative to bring attention to ourselves on a nationwide basis,” said Jake Clopton, the founder of Clopton Capital. The firm expects the video to be completed within a week and believes it will be successful in garnering them more attention.

Any institution interested in gaining access to their 3.5% commercial mortgage conduit is encouraged to contact the firm at 866.647.1650.

Any businesses or commercial real estate owners who are seeking business loans are urged to contact Clopton Capital at 866.647.1650 or via their website CloptonCapital.com.

For more information about Clopton Capital’s business loan services visit their website dedicated to them at CloptonCapital.com. To join their financial link exchange visit CloptonCapital.com/link.

# # #

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

But bear in mind refinancing can sometimes be a wise course of action in both good and bad housing markets. It is very important to understand what is associated with re-financing, when it might be useful and all you absolutely need to look out for. This is sometimes a little challenging if you are new to it but the important information you'll discover right here will help.

At the moment nearly everybody are looking at changing a mortgage as a result of the difficult financial times.

There are a variety of refinancing solutions so you should definitely seek information before you commit. The information you find here should help

7 tips for Elin Nordegren on Reducing Housing Costs Released by RoadFish.com

roadfish.com

North Palm Beach, Florida (PRWEB) January 06, 2012

RoadFish.com released today it’s 7 tips to lower housing costs. It comes following Elin Nordegren’s action of leveling her newly purchased million home.

Over the past week, Elin Nordegren had her million Florida mansion leveled apparently to make room to build a new one. In early 2011, Elin reached a 0 million settlement agreement with Tiger Woods. Immediately after this she purchased a million home that she has now demolished.

According to EPA.gov, “Buildings in the United States contribute 38.9 percent of the nation’s total carbon dioxide emissions, including 20.8 percent from the residential sector and 18.0 percent from the commercial sector (2008).”

The editor of RoadFish.com is quoted as saying, “In today’s world, where there is often not quite enough to go around and people are having trouble paying their bills to tear down a home like this just for fun seems like it might be a bit irresponsible. I mean, there might have been something serious like termites or a roof leak that made this necessary, but I’m just sayin’.“

The 7 tips released today at RoadFish.com include such things as buying when the market is low and selling when the market is high, living somewhere “ghetto”, but cool, refinancing your mortgage, renting your home, and couch surfing in addition to other practical tips.    

According to Carl Heldmann, nationally acclaimed author and home builder, it costs approximately 0 per square foot for labor and materials alone to build a home anywhere in the United States. Assuming Elin Nordegren decides to rebuild her home at approximately the same size it was which was 9,000 square feet then the cost to rebuild her home will be at least 0,000 dollars. The editor or RoadFish.com estimates that since her tastes seem so refined, Elin’s home will come out in excess of million.

RoadFish.com has written its’ 7 tips for saving on housing costs as a tongue in cheek response to Elin leveling on her newly purchased million home.

About RoadFish.com

RoadFish.com is an online men’s finance & lifestyle magazine targeted toward men in their 30’s and 40’s that have already attained a moderate level of success in life, and are striving toward more. It discusses current events of interest to this group, such things as consumer education, dating, as well as ways to make more and save more money. It is a publication owned by Purpose Inc.

###

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Related Mortgage Refinancing Press Releases

Never the less refinancing can often be a good option in both negative and positive financial times. It can be vital to learn precisely what is involved with refinancing, when it might help as well as all you absolutely need to avoid. This is often a little complicated for anyone who is new at all to it but the information you can get here can certainly help.

Right now lots of folks are considering mortgage refinancing on account of the challenging financial times.

There are a variety of refinancing solutions so make certain shop around before you decide to commit. We hope this site helps

30 Year Fixed Mortgage Rates Start 2012 By Tying Record Lows Announces ForTheBestRate.com

ForTheBestRate.com – Research Current Mortgage Rates

Wilmington, NC (PRWEB) January 07, 2012

Mortgage rates remain at or near all time record lows according to mortgage rate research website, ForTheBestRate.com. Home loan pricing displayed by various banks, lenders, and brokers in the rate tables has been among the lowest in the site’s history. On Friday, January 6th, 2012 30 year fixed mortgage rates as low as 3.750% were posted (APR: 3.785%, Points: 0, Fees: 2, Lender: Everbank.) Pricing for 15 year fixed rate loans is near record setting lows as well, with advertised rates reaching 3.000% (APR: 3.061%, Points: 0, Fees: 2, Lender: Everbank.)

This pricing represents a small drop when compared to mortgage rates available during the last week of 2011. This decrease was also reported by Freddie Mac, a government sponsored enterprise and purchaser of residential mortgages on the secondary market, in their January 5th weekly rate survey. Data in the survey showed that the average 30 year fixed rate pricing fell to 3.91% (0.8 points) from an only slightly higher 3.95% (0.7 points.) 15 year fixed pricing saw a similar modest decline from 3.24% (0.8 points) the week ending December 29, 2011 to 3.23% (0.8 points) the following week.

Continued availability of mortgage rates below 4.00% for the 30 year fixed rate products is welcome news for homeowners interested in refinancing, but who held off during the holidays. “We tend to see things slow way down during December,” said Brian Mitchell, Sales Manager with Gateway Bank Mortgage, a North Carolina mortgage company. “People are busy with the holidays, taking some vacation time, and might not be closely watching the mortgage market or in a position to act. Now that we’re into the new year though, we’re talking to a lot of people who are evaluating their finances and want to look into how a refi could help improve things.”

Current mortgage rates for a number of different residential mortgage programs can be viewed on ForTheBestRate.com. Below is a snapshot of mortgage rates for a variety of products listed on the site on 01/06/2012. Rates are subject to change. Please visit the site to view the criteria used in the survey.

30 Year Mortgage Rates (0 Points)

Seckel Capital – 3.875% Note Rate – 3.875% APR – Fees in APR

The Money Store – 3.875% Note Rate – 3.895% APR – 5 Fees in APR

20 Year Mortgage Rates (0 Points)

Quicken Loans – 3.990% Note Rate – 4.094% APR – 03 Fees in APR

EverBank – 3.625% Note Rate – 3.674% APR – 2 Fees in APR

15 Year Mortgage Rates (0 Points)

Sekel Capital – 3.250% Note Rate – 3.250% APR – #0 Fees in APR

The Money Store – 3.375% Note Rate – 3.382% APR – Fees in APR

5/1 ARM Rates (0 Points)

Aurora Bank – 3.125% Note Rate – 3.155% APR – 7 Fees in APR

First Financial Services – 3.250% Note Rate – 3.250% APR – Fees in APR

About ForTheBestRate.com

ForTheBestRate.com is a website that offers information regarding mortgages, insurance, and personal finance. ForTheBestRate.com is owned by CMG Equities, LLC based in Wilmington, North Carolina. For more information, visit http://www.forthebestrate.com/

###

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

But bear in mind refinancing could possibly be a good option both in negative and positive financial times. It is crucial to know what exactly is involved with refinancing, when it might help in addition to all you definitely should try to look out for. This is a little complex if you're new at all to this task however the tips you will find here should help.

These days lots of individuals are thinking about re-financing as a consequence of these trying times.

There are a lot of home refinancing options so be sure you seek information before you commit. We hope this site helps you make the best decision for you

TexasLending.com to Discuss 2012 Housing Market Outlook on Radio KLIF in Dallas

Kevin Miller, CEO TexasLending.com

Dallas, Texas (PRWEB) December 30, 2011

Kevin Miller, CEO and president of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas home equity loans, and his co-hosts will be discussing the 2012 housing market outlook and the regulatory impact on the market on The TexasLending.com Mortgage Hour on KLIF radio in Dallas on Saturday December 31st, 2011.

In Dallas/Fort Worth the TexasLending.com Mortgage Hour radio show airs on Saturdays on AM 570 KLIF from 1:00 p.m. to 2:00 p.m.

“This week we will discuss 2012 and the outlook for home buying and refinancing as well as the regulatory impact on the market and on lenders” commented Kevin Miller.

TexasLending.com has been on the air for over 10 years to educate the consumer about home loans in Texas. Listen in each week as the CEO of TexasLending.com, Kevin Miller, and his co-hosts, discuss the behind the scenes information about the mortgage industry that will help you in making an informed decision about your home loan now and in the future.

About TexasLending.com:

TexasLending.com provides expert service in the field of residential mortgages. Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Missouri and Colorado. TexasLending.com is a mortgage Banker with virtually unlimited options available for conventional, FHA, VA, Texas home equity loans, refinance loans, reverse mortgages, Dallas home loans, Houston home loans and Austin home loans. To find out more about Texas Lending’s home loan and mortgage programs, visit http://www.TexasLending.com.

###

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Never the less refinancing can be a good option both in bad and good real estate markets. It is necessary to learn what is associated with re-financing, when it can be appropriate and anything you need to look out for. This is sometimes a somewhat complex for anyone who is new to this task but the important information you will find right here can help.

These days many people are seriously considering changing a mortgage thanks to the challenging financial times.

There are a variety of home refinancing solutions so you should definitely seek information before you make investments. The information you find here should help

15 Year Fixed Mortgage Rates Hit All Time Low Announces ForTheBestRate.com

ForTheBestRate.com – Research Current Mortgage Rates

Wilmington, NC (PRWEB) December 18, 2011

Mortgage rate research website, ForTheBestRate.com, reports that mortgage rates advertised on the site are at or below the lowest point in its history. On Friday, December 16th 15 year fixed mortgage rates were displayed on the rate tables as low as 3.000% (APR: 3.061%, Points: 0, Fees: 2, Lender: Everbank.) Pricing for 30 year fixed rate mortgages also dropped, with posted rates as low as 3.750% (APR: 3.785%, Points: 0, Fees: 2, Lender: Everbank.)

The record setting pricing was confirmed in the weekly rate survey published by Freddie Mac, a government sponsored enterprise and purchaser of residential mortgages on the secondary market. The Thursday, December 15th report revealed that the average mortgage rates across the US hit a new historic low point this week for 15 year fixed and 5 year ARM mortgage pricing.

According to Freddie Mac the average 15 year fixed mortgage averaged 3.21% (0.8 points), and the average 5 year adjustable pricing was 2.86% (0.6 points,) down from 3.99% (0.8 points) and 3.27% (0.6 points) respectively the previous week. The 30 year fixed rate averages were down as well, matching the record low 3.94% (0.8 points) set in October of this year.

“We’re seeing a lot of homeowners move to shorter 15 year fixed loans when refinancing, and this historic pricing will hopefully encourage more to follow suit,” said Shaun Hamman, VP of Residential Lending at American Financial Resources, a National mortgage lender. “When it’s affordable a switch to a 15 year home loan from a longer term can be a great wealth building move – the rate generally goes down, the interest savings are substantial, and you get to say goodbye to that mortgage debt a whole lot sooner,” he continued.

Below is a snapshot of mortgage rates for a variety of products listed on ForTheBestRate.com on 10/21/2011. Rates are subject to change. Please visit the site to view the criteria used in the survey.

30 Year Mortgage Rates

Amerisave – 3.625% Note Rate – 3.870% APR – 1.96 Points – 95 Fees in APR

Gateway Bank Mortgage – 3.625% Note Rate – 3.795% APR – 1.625 Points – 5 Fees in APR

20 Year Mortgage Rates

Quicken Loans – 3.750% Note Rate – 4.014% APR – 1.5 Points – 03 Fees in APR

EverBank – 3.625% Note Rate – 3.674% APR – 0 Points – 2 Fees in APR

15 Year Mortgage Rates

First Choice Bank – 2.750% Note Rate – 3.117% APR – 2 Points – #1050 Fees in APR

Gateway Bank Mortgage – 2.875% Note Rate – 3.175% APR – 1.625 Points – 5 Fees in APR

5/1 ARM Rates

First Choice Bank – 2.375% Note Rate – 2.511% APR – 1.25 Points – 50 Fees in APR

EverBank – 2.750% Note Rate – 2.783% APR – 0 Points – 2 Fees in APR

About ForTheBestRate.com

ForTheBestRate.com is a website that offers information regarding mortgages, insurance, and personal finance. ForTheBestRate.com is owned by CMG Equities, LLC based in Wilmington, North Carolina. For more information, visit http://www.forthebestrate.com/

###

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

But the truth is refinancing can sometimes be a good idea both in difficult and easy real estate markets. It's important to understand what's involved with re-financing, when it can be useful as well as what you need avoiding. This is often a somewhat complex if you are having their first go at this task however the particulars you can get right here should help.

At this moment lots of folks are considering re-financing on account of the challenging financial times.

There are many of re-financing remedies so make certain do your research before you decide to make investments. This site is here to help

HSH.com Weekly Mortgage Rate Radar: Nearly Level Mortgage Rates Present Opportunity

Foster City, CA (PRWEB) December 07, 2011

Rates on the most popular types of mortgages moved in different directions but remained nearly flat, according to HSH.com’s Weekly Mortgage Rate Radar. The average rate for conforming 30-year fixed-rate mortgages fell by 5 basis points (0.05 percent) to 4.13 percent. Conforming 5/1 hybrid ARM rates increased by 3 basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.03 percent.

“Mortgage rates remained fairly steady over the past week,” said Keith Gumbinger, vice president of HSH.com. “More effort is being made to address the fiscal crisis in Europe, and moderate economic growth seems more firmly in place domestically. Investors seem to be pleased with both trends, and the result was a calmer market for a change.”

Flat mortgage rates and calm market conditions are important, noted Gumbinger. “Busy holiday seasons leave folks little time to react to buying and refinancing opportunities. Mortgage rates on an even keel allows more time for borrowers to take action without fear of missing out.”

Average mortgage rates and points for conforming residential mortgages for the week ending December 6 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

    Average rate: 4.13 percent
    Average points: 0.26

Conforming 5/1 ARM

    Average rate: 3.03 percent
    Average points: 0.21

Average mortgage rates and points for conforming residential mortgages for the previous week ending November 29 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

    Average rate: 4.18 percent
    Average points: 0.29

Conforming 5/1-year ARM

    Average rate: 3.00 percent
    Average points: 0.27

Methodology

The Weekly Mortgage Rate Radar reports the average rates and points offered on conforming 30-year fixed-rate mortgages and conforming 5/1 ARMs. The weekly mortgage rate survey covers a large sample of mortgage lenders and is conducted over a Wednesday-to-Tuesday cycle, with data released every Wednesday. HSH.com’s survey helps consumers find the best rates on home loans in changing market conditions. Unlike mortgage rate surveys that report average rates only, the Weekly Mortgage Rate Radar’s inclusion of both average rates and average points provides a more accurate view of mortgage terms currently offered by lenders.

Every week, HSH.com conducts a survey of mortgage rate data for a wide range of consumer mortgage products including ARMs, FHA-backed and jumbo mortgages, as well as home equity loans and lines of credit from hundreds of direct lenders in the U.S. For information on additional loan products, visit HSH.com.

About HSH.com

HSH.com is a trusted source of mortgage data, trends, news and analysis. Since 1979, HSH’s market research and commentary has helped homeowners, buyers and sellers make smart financial choices and save money on mortgage and home equity products. HSH.com, of Pompton Plains, N.J., is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that meet their needs. The company is a leader in visitor-friendly marketing practices. For more information, please visit QuinStreet.com.

Press Contact

Andrew Heilman

775-784-3842

pr(at)hsh(dot)com

###

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Related Refinancing Press Releases

However refinancing can be a wise course of action in both good and bad real estate markets. It can be vital to know issues associated with refinancing, when it might help plus anything you absolutely need to avoid. This can be a somewhat confusing if you are having their first go at this task but the info you can find below will be helpful .

At this moment many people are thinking about doing something different with a mortage as a consequence of these challenging financial times.

There are a variety of re-financing solutions so make certain do your research before you decide to commit. The information you find here should help

The National Mortgage Complaint Center Offers Smart Tips for Anyone in the United States Wanting to Refinance of Finance a Home & Suggests Honest Lenders

(PRWEB) December 05, 2011

The National Mortgage Complaint Center says, “After the Dodd Frank Consumer Protection Act, one would think everything would be better for US homeowners. In our opinion the Dodd Frank legislation with respect to the mortgage industry did nothing. As an example the new Good Faith Estimate designed by the US Department of Housing and Urban Development looks like something that the IRS came up with. The new Good Faith Estimate is too complicated, it leaves too much information out, and the old one page Good Faith Estimate was much easier to read, and to understand.” http://NationalMortgageComplaintCenter.Com

The National Mortgage Complaint Center says, “At this moment we have some of the lowest interest rates ever. However, we want to make sure every homeowner, or home buyer understands what they are getting. First we want to cover the no point mortgage, versus the regular fees included mortgage transaction. The no point mortgage is only a good option, if you do not have the money, or equity in your home to actually do the transaction. With the no point, or zero closing cost mortgage you will pay a higher interest rate, and monthly payment. When it comes to deciding if you want a traditional mortgage where you pay the costs, versus a no closing cost mortgage, simply ask the mortgage lender, or the bank, what are the best rates for a traditional mortgage-where you pay the costs up front, versus a non traditional mortgage where the lender pays all allowable closing costs. We want anyone looking at buying, or refinancing a home to know this information, and we want everyone to at least look at both options.” http://NationalMortgageComplaintCenter.Com

The National Mortgage Complaint Center suggests the following fees are junk mortgage fees:

Administrative Fee
Excessive Underwriting Fee
Document Preparation Fee on the mortgage, or in association with title insurance
Credit Report Fees that are over are excessive

Who does the National Mortgage Complaint Center recommend as the best lenders in the United States?

American Interbanc (California, Washington, Oregon, Idaho, Massachusetts, New Jersey, Pennsylvania, Utah only) The National Mortgage Complaint Center & its parent group Americas Watchdog has endorsed American Interbanc for five years in a row, as the best mortgage lender in the United States. http://AmericanInterbanc.Com

Bank of America-According to the National Mortgage Complaint Center, “Believe it or not we actually like Bank of America’s mortgage products, and of all major US banks, Bank of America would be the only lender to receive our endorsement. However, there is a catch. We like Bank of Americas mortgage products offered at a branch, where the consumer, or homeowner can actually see the loan officer, or branch manager, and it is a branch in your area.” http://BankofAmerica.Com

For FHA, or VA Mortgages the National Mortgage Complaint Center continues to endorse, and recommend the James B Nutter Company. The James B Nutter company is a national mortgage lender based in Kansas City, Missouri, they are family owned, and they are the gold standard for honest FHA, or VA mortgage lenders. http://JamesBNutter.Com

###

Attachments

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Related Mortgage Refinancing Press Releases

Never the less refinancing could be a wise course of action both in difficult and easy financial times. You need to understand what is needed for re-financing, when it might be appropriate and what you absolutely need avoiding. This is a somewhat tricky if you're new at all to this task however the information and facts you can find below will help.

Currently many of us are considering doing something different with a mortage thanks to these challenging financial times.

There are many of home refinancing possibilities so make sure to do your research before you decide to make a decision. This site is here to help

Talk Radio: Mortgage interest rates, foreclosure, refinancing and real estate.

Deb Buenting from Bankers Trust explains the initial steps in getting your home refinanced.

Of course refinancing can be a wise course of action in both good and bad financial times. It is crucial to learn issues a part of refinancing, when it can be useful in addition to all you need to avoid. This can be a little complex should you be new at all to this task but the details you will discover below can help.

These days lots of folks are considering mortgage refinancing as a consequence of these challenging financial times.

There are a lot of home refinancing plans so be sure shop around before you make a decision. Check the posts here for more information

With millions of Americans “underwater” on their mortgages and millions of homes facing foreclosure, President Obama unveiled a revamped home-loan refinancing program Monday during a stop in Nevada, which has the country’s highest foreclosure rate. Judy Woodruff and guests examine the politics and substance of the plan.

Never the less refinancing can be a wise course of action both in bad and good financial times. It is very important to be aware of issues needed for refinancing, when it can be useful and all you absolutely need avoiding. This is often a little complex if you're having their first go at it but the material you'll find here can help.

These days nearly everybody are looking at changing a mortgage thanks to these difficult financial times.

There are a lot of refinancing solutions so make certain shop around before you make a decision. Check the posts here for more information

Brookstone Law, PC: Obama’s Housing Plan Is a Red Flag for Homeowners Seeking Relief

Newport Beach, CA (PRWEB) November 05, 2011

Although the Obama administration’s recent efforts to help homeowners could bring relief to millions who owe more than their homes are worth, the measures being considered by Washington are clearly designed to benefit banks more than homeowners, according to Vito Torchia, Jr., managing attorney of Brookstone Law, PC.

“The President’s proposal is purely political and will probably boost spending more than avert foreclosures. He intends to placate the Banks at the expense of homeowners who clearly need loan modifications, which banks have been reluctant to provide,” said Vito Torchia, Jr.

According to media coverage, the collapse of the housing market has left an estimated 11 million Americans owing more on their mortgages than their homes are worth. Although about 70% of those borrowers have loans with interest rates higher than are available today, their lack of collateral prevents them from refinancing into new, more affordable loans.

“It is becoming increasingly obvious that homeowners without expert legal counsel are going to have to deal directly with banks that are empowered by the government to offer solutions not likely to give homeowners what they need,” said Vito Torchia, Jr.

Recent media coverage shows that although a reduction in monthly payments could prevent some homeowners who aren’t in default today from going into foreclosure, experts expect an estimated 2.2 million borrowers to lose their homes in 2012.

“If the President’s plan is intended to help homeowners who are under water, helping the Banks while pushing more than two million people over the cliff is clearly the wrong way to do it,” said Vito Torchia, Jr.

According to media coverage, lenders could cut their losses significantly by modifying mortgages to lower the monthly payments of defaulting borrowers, but Banks are doing so because it lowers their bottom line profits.

“There’s no shortage of homeowners whose property values and incomes have collapsed through no fault of their own while lenders claim there is a moral problem in bailing out borrowers who can’t pay off their debts. This is ludicrous considering the Bank’s pushing of toxic loans, then consistently victimizing hardworking people throughout the country trying to keep their homes as has been well documented in the media,” said Vito Torchia, Jr. “This clearly shows the Banks don’t care about consumers, who must have effective counsel in order to protect their rights when dealing with the Banks.”

Recent media coverage has included reports that FannieMae, FreddieMac and most national banks have refused to participate in a California program that offers to pay half the cost of principal reductions for lower- and moderate-income homeowners with a demonstrable hardship, such as a severe illness or a layoff.

“If they won’t help low income homeowners with hardships, it is obvious they won’t help other homeowners suffering from the toxic loans, lack of due diligence and wrongful foreclosures for which the banks are initially responsible,” said Vito Torchia, Jr. “Homeowners trying to save their homes are at greater risk than ever of not being able to fix the problems caused by the banks that threaten them with the loss of their homes.”

According to media coverage, state prosecutors from around the nation are pursuing mortgage fraud claims against the major banks and may persuade them to commit billions of dollars to writing off some of the debt owed by borrowers.

“Fannie and Freddie, which have already been rescued by Washington, need to help homeowners under water, but if their consistent leaning towards a solution that benefits the banks at the further expense of homeowners continues the victimization of millions of people in our country who are just trying to keep their homes,” said Vito Torchia, Jr.

ABOUT BROOKSTONE LAW, PC

Headquartered in Newport Beach, Calif., and with offices in Los Angeles, Calif., and Ft. Lauderdale, Fla., Brookstone Law, PC is a law firm comprised of attorneys with experience and success in business, corporate and personal finance, employment, entertainment and media, art and museum, intellectual property and real estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs highly trained specialists, paralegals, paraprofessionals and administrative staff dedicated to serving clients. For information, call (800) 946-8655 or visit Brookstone Law.com (http://www.brookstonelaw.com).

# # #

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

But the truth is refinancing could actually be a wise course of action in both bad and good financial times. It is crucial to be aware of issues associated with re-financing, when it can help plus all you definitely should try to avoid. This can be a little confusing for anyone new to it but the details you can get here should help.