Wachovia Waives Prepayment Penalty on Option ARMs

Posted on June 30, 2008 by Barbara E. Hernandez

Well, when a lender waives prepayment penalties on “pick-a-pay” option-ARM, things must be pretty bad. And it wants out of the whole neg-am loan business. And here’s the proof: Effectively immediately, Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. This includes all [...]

Filed under: Mortgage Mania, The Market | Tagged: , , , , | 2 Comments »

“Freshening” an Old Listing

Posted on June 30, 2008 by Barbara E. Hernandez

  I came across this story in the Washington Post, on a subject near and dear to my heart — the “freshened” listing. Freshening up a listing by withdrawing it and relisting it several months later is a trick that has been used for a long time. It is particularly popular when properties have languished [...]

Filed under: House Hunt, The Market | Tagged: , , , , , , | Leave a Comment »

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