Greater Lansing and Mid-Michigan's Premier Mortgage Broker

The Grewal family has served the Mid-Michigan area for 5 decades, and Grewal Mortgage Inc. carries on that tradition of world-class service and personalized attention.

We quickly recognize your financial needs and meet all necessary and attainable goals in an expeditious manner.

When you need a mortgage broker to provide experienced financial guideance, call Grewal Mortgage.

MortgageDaily.com - Mortgage News Headlines

Mortgage Industry News for the Mortgage Industry
  1. HUD Clarifies HAMP Credits Toward Settlement
    While some principal reduction on mortgages with government loan modifications can be credited towards the recent mortgage servicer settlement, the vast majority of loans modified under the federal program won't be eligible.

    The Department of Housing and Urban Development says that incentives paid to servicers under the Home Affordable Modification Program cannot be used as credit towards the massive mortgage servicer settlement announced on Feb. 9.

    HUD was responding to a news article that an article in the Financial Times that, it says, argues HAMP subsidies are being used for credit under the settlement.


  2. Mortgage Bankers Raise Origination Outlook
    Home lenders cut their outlook for the volume of home purchases expected to be financed this year. But an increase in projected refinance production was enough to push the overall outlook higher.

    The latest mortgage production forecast has first-quarter residential originations 6 percent higher than was predicted last month.

    Even expected second-quarter financing was increased 2 percent.


  3. Apartment Loan Performance Leads CMBS Improvement
    Led by improving multifamily performance, past-due payments on securitized commercial mortgages retreated -- though so did the overall amount outstanding.

    Delinquency of at least 60 days on loans that are part of conduit-fusion commercial mortgage-backed securities was 2 basis points better during January than in December.

    But late payments on securitized commercial mortgages have worsened 29 BPS from January 2011.


  4. What's Next for Fannie and Freddie?
    The next phase in conservatorship for Fannie Mae and Freddie Mac has been laid out for legislators.

    The Federal Housing Finance Agency was established through The Housing and Economic Recovery Act of 2008, which was signed into law by President George W. Bush in July 2008.

    By the time that the financial crisis reached a fever pitch in September 2008 and capital markets froze up, the government determined that it was time to place Fannie and Freddie under the conservatorship of FHFA, where both companies remain today after costing U.S. taxpayers more than $180 billion.


  5. Serious Delinquency Retreats
    Serious home-loan delinquency relented after ascending each of the prior four months. The rate in Dallas declined, while defaults in Miami climbed.

    Residential delinquency of at least 90 days dropped 11 basis points between December and January on first mortgages.

    Late payments already had been up each month since August.


Contact Us

Grewal Mortgage, Inc. (Okemos)
2400 Science Pkwy, 2nd Floor
Okemos, Michigan 48864

Telephone (517) 393-3400
Toll Free (877) 254-8522
Fax (517) 393-1488

Gaggandeep S. Grewal NMLS #138807
Grewal Mortgage Inc. NMLS #135079
   


Grewal, A Name You Can Trust.

Deep S. Grewal
Grewal Mortgage, Inc.