FHA Rallies Brokers On Mortgage Principal Plan

FHA Rallies Brokers On Mortgage Principal Plan Borrowers – stymied by lenders that refuse to cut their mortgage principal to market levels – should just keep trying, as lenders may have a change of heart, an Obama administration official said on Thursday. Read more on Banker & Tradesman

Principal Financial Group, Inc. Reports Second Quarter 2010 Results

Principal Financial Group, Inc. Reports Second Quarter 2010 Results DES MOINES, Iowa—-Principal Financial Group, Inc. today announced results for second quarter 2010. The company reported net income available to common stockholders of $134.0 million, or $0.42 per diluted share for the three months ended June 30, 2010, compared to $150.3 million, or $0.52 per diluted [...]

To pay off my mortgage, should I pay more on the principal loan or pay more the home equity loan first?

My first mortgage has a lower interest rate but a much higher amount. The home equity loan is a smaller amount but at a much higher interest rate.