Mortgage news and helpful tips

Las Vegas, Nv - In the last 40 years, Las Vegas has made a lot of changes. Here is a short clip provided by the Goddard Space Flight Center of our city moving city limits.

To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process. Senators Lisa Murkowski (R-Alaska), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17. A short sale is a […]

Capital Economics reports that by the end of 2012, the housing crisis should start coming to an end because of the "loosening credit". That is just one of the main reasons, but it is a main reason. The analytics firm notes that the average credit score required to attain a mortgage loan is 700. While […]

Las Vegas, Nv - Lewis Ranieri, the co-inventor of the mortgage-backed security, authored a research paper with University of California economist Kenneth Rosen that lays out the case for using federal entities to support private investors who are already converting foreclosed properties into rentals. This Foreclosure to Rental model can more than likely be adapted […]

Las Vegas, Nv - Naturally, federal government officials are getting out the confetti over the recent $25 billion settlement with five of the nation’s top mortgage lenders over abusive practices that led to millions of foreclosures nationwide. But in Nevada, where the foreclosure crisis is at its worst, the “benefits” of the money are far […]

The Consumer Financial Protection Bureau released a new "prototype" of their new new proposed monthly mortgage statement for all consumers that provides clear and valuable information about their loan on a single sheet of paper. This is great news for any of our readers that feel like disclosing information is seriously a problem in our […]

Las Vegas, NV (KTNV) -- Las Vegas is one of the hardest-hit areas in the country when it comes to foreclosures, and residents are wondering how the new national settlement may help them. There are still many questions regarding how the payout will reach those who need it most, and some worry that it's already […]

Las Vegas, NV (Valley West Mortgage) -- Sen. Harry Reid's office will host a home in Las Vegas at the Financial Guidance Center from 10 a.m. to 4 p.m. Saturday, Feb. 11. Struggling homeowners with a Bank of America or Wells Fargo loan in Nevada who attend the clinic will have the chance to sit […]

Las Vegas - It's going to happen again and again and Valley West Mortgage will keep reporting on it. Rates keep getting lower and lower. That couldn't make us any happier. Please Note: The actual interest rate you were quoted last week will have changed this week. Based on raw data from more than 20 […]

Las Vega, Nv - An early draft settlement between the nation's major banks and U.S. states over deceptive foreclosure practices has been sent to state officials for review. Many home owners have lost their homes and will not benefit from the possible $1,800 check, assuming that the settlement is for $25 billion dollars, that will […]