Archives
President visits debt-counseling agency in Freehold to tout mortgage hotline today
NEWARK, NJ – Today, President Bush will be at a debt-counseling in Freehold, New Jersey agency to tout the mortgage hotline established recently in...
HMFA Closes on Record 2,000 Mortgages
Total is Highest Amount in Agency’s History
TRENTON, N.J. - December 31, 2007 - The New Jersey Housing and Mortgage Finance Agency (HMFA), a Department of...
Interest Rate Assessed for January 1 through December 31, 2008
TRENTON, NJ - December 5, 2007 - The assessed interest rate for the period January 1 - December 31, 2008, is 10.50%.
The rate is calculated as follows:...
I’m having a problem with the current mortgage company that is servicing my loan
What can I do?
First, it should be noted that there is currently no regulation of the mortgage loan servicing industry in the State of...
New Jersey league joins mortgage-crisis alliance
TRENTON, N.J., Nov. 5 --The New Jersey Credit Union League has joined a public-private alliance designed to both educate and assist the state's homeowners.
The...
Borrowers Predicting Mortgage Rates Based on the Fed’s Rate Adjustments May be in for...
Misconceptions about mortgage rates' driving forces can cost borrowers huge sums
HOLMDEL, N.J., Nov. 8 /PRNewswire/ -- Each time the Federal Reserve (the Fed) cuts...
Reverse Mortgage for NJ Seniors
The HMFA offers HECM reverse mortgage loans. A HECM loan is an FHA-insured reverse mortgage allowing seniors (62 and over) to access the equity...
House Committee’s Tax Legislation Includes Holt’s Property Tax Relief Provision
Provision Would Benefit Property Owners in New Jersey Who Do Not Itemize on Federal Returns
Washington, D.C., November 1, 2007 – Today, Rep. Rush Holt (NJ-12)...
State Agencies, Financial Institutions Announce Partnership, Refinance Program to Address Mortgage Crisis
Foreclosure prevention is goal for New Jersey HOPE alliance
TRENTON, NJ - October 31, 2007 - The Commissioners of the New Jersey Departments of Banking and Insurance (DOBI)...
Package of legislation will arm homebuyers with knowledge, information to avoid bad loans
WASHINGTON, October 10, 2007 – Standing at the house of a Newark homeowner whose adjustable rate mortgage has skyrocketed recently, U.S. Senator Robert Menendez (D-NJ)...
APR Often Misleads Borrowers into Costlier Mortgage Loans
Comparison shopping based on APR can lead to an expensive long-term investment
HOLMDEL, N.J., Oct. 8 /PRNewswire/ -- Borrowers who shop for mortgages based on...
DOBI announces public forums, education plan to address mortgage lending issues
Focus on consumer education, foreclosure prevention
TRENTON, September 26, 2007 – The Department of Banking and Insurance today announced a series of measures designed to address...
14,000 N.J. Borrowers Eligible for Total of $11. 7 Million Restitution
Consumers must mail completed and signed forms to the Settlement Administrator by September 10, 2007.
TRENTON – Attorney General Anne Milgram announced - July 12 -...
Chase Family Opportunity Mortgage Helps Families Buy Homes for College Students, Senior Citizens
Iselin, N.J., August 23, 2007 -- Chase, one of the nation's leading residential housing lenders, today announced Chase Family Opportunity Mortgage, to help consumers...
