Posts Tagged: lenders

Below 3%

Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Auditing, Financial Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, mortgage rates were above 3 percent but only for a week before they slid back below that level. Questions: What is the 30-year fixed average percentage on a 30-year mortgage? What are points on a mortgage? What is Freddie Mac? How many lenders across the country are aggregated to come… Read more »

The Never-Ending Foreclosure Crisis: Robo Signer Redux

Posted by & filed under Accounting Principles, All Articles, Auditing, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

Fannie is trying to recoup the difference between what the borrowers owed on the mortgages when they were foreclosed and the amount Fannie received when it resold the properties. In Florida, these deficiency judgments can be pursued for 20 years, and borrowers must also pay a compounded annual interest rate of 4.5 percent. Several legal… Read more »