Wells Fargo Edges Back Into Subprime As U.s. Mortgage Market Thaws

30-Year Mortgage Rates: Fixed Home Loans and Refinance Rates at Citi Mortgage for February 14

"As things become clearer and we are more comfortable with our own processes and controls, it gets easier" to extend more credit, Codel said. Still, Wells Fargo isn't just opening up the spigots. The bank is looking to lend to borrowers with weaker credit, but only if those mortgages can be guaranteed by the FHA, Codel said. Because the loans are backed by the government, Wells Fargo can package them into bonds and sell them to investors. For the original version including any supplementary images or video, visit http://www.reuters.com/article/2014/02/14/us-banks-subprime-insight-idUSBREA1D07820140214

In 2009, the Geweckes filed a lawsuit to block their foreclosure. At the heart of their case is this question: Who owns their mortgage? They allege the investor trust that claims to doesn't because there's no proper record of the mortgage's transfer to the trust. For the original version including any supplementary images or video, visit http://usatoday30.usatoday.com/money/economy/housing/2010-12-21-mortgagenote21_CV_N.htm

Homeowners use 'show me the note' to fight foreclosure

Citi Mortgage Home Purchase Rates 30-Year Fixed-Rate Mortgage: 4.375%, 1.125 discount points, 4.573% APR 15-Year Fixed-Rate Mortgage: 3.375%, 1.250 discount points, 3.731% APR Citi Mortgage Refinance Rates 30-Year Fixed-Rate Mortgage: 4.375%, 1.500 discount points, 4.589% APR 15-Year Fixed-Rate Mortgage: 3.500%, 0.875 discount points, 3.773% APR Please, bear in mind, that the current mortgage interest rates may vary without prior notice from the bank and are subject to change based on location, geography and other terms and conditions. The annual percentage rate calculations were made based on discount points, origination fees, average loan fees and closing costs. Compare Todays Mortgage Rates and Find The Best Loans U.S. mortgage application activity edged down according to the results of the Mortgage Bankers Associations (MBA) most recent survey. For the original version including any supplementary images or video, visit http://southerndailypress.com/30-year-mortgage-rates-fixed-home-loans-and-refinance-rates-at-citi-mortgage-for-february-14-17021.html