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Mortgage industry regulators nationwide were warned recently to be on the lookout for a long-outlawed "churning" scheme in which unscrupulous mortgage brokers generate thousands of dollars in extra fees by convincing unwitting borrowers to refinance their loans every few...
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If mortgage rates begin inching back up, weary mortgage brokers might get a moment to count all the commissions they have earned during the busiest time in the industry's history.
Americans refinanced more mortgages during the first week in October than any week on record,...
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Mortgage interest rates may be hovering at their lowest point in four decades, but Sammamish homeowner Don Corbett isn't thinking it's the best time in years to refinance.
More like the best time in months.
Corbett is among the growing number of serial refinancers...
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With mortgage rates still at tempting four-decade lows, homeowners are doing the math and beating a path to their lenders to refinance.
As interest rates keep falling, some homeowners are on their second and third refis in as many years.
The current flood of business...
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For all those folks who didn't refinance their home mortgages last fall -- and for some who did -- it may be time to arrange a new loan.
"I've been in the business 24 years, and I can't remember rates ever being this low," said Robert H. Stewart, regional manager of U.S....
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Jim Crone, a 61-year-old remodeling contractor, recently refinanced his home.
He lowered his interest rate, term and monthly payment.
He also consolidated two loans into one new loan totaling about ,000.
He eliminated his old 12 percent interest rate on a second...
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