May 11th, 2008 by mortgage
House passes rescue package for mortgage crisis
Christian Science Monitor – Boston,MA,USA
The plan provides $300 billion in federal loan guarantees to lenders who agree to reduce the outstanding principal on loans. In exchange for a new mortgage, …
House Sends Broad Housing Package Back to Senate
CQPolitics.com – Washington,DC,USA
Lawmakers by 266-154 adopted the centerpiece of the package, an amendment that combined several major pieces of legislation: an overhaul of mortgage finance …
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Oct 4th, 2007 by mortgage
Mortgage demand falls despite interest rate dip
USA Today – USA
Fixed 15-year mortgage rates averaged 5.95% in the latest week, the MBA said, down from 6.06%. Rates on one-year adjustable-rate mortgages (ARMs) increased …
The Credit Hit Parade Has Only Just Begun
By Ben Jones
“So far, the Fed’s half-point rate cut has failed to lower mortgage rates and boost demand. Average 30- year, fixed-rate mortgage rates ended last week at 6.42 percent, compared with an average 6.3 percent the prior week, according to …
No Closing Cost Refinances – Where Should You Turn?
By Salt Lake Mortgage Guy(Salt Lake Mortgage Guy)
One of the laws instituted to help protect customers is the disclosure of the Annual Percentage Rate (APR) when originating a new loan. This is a confusing and misunderstood barometer of mortgage rates. However, when utilized with a no …
Todays Current Mortgage Interest Rates October 3 2007
By Admin
(more…) 10 Year Treasury, Adjustable Rate Mortgage, Interest Rates, mortgage interest rate projections, mortgage news, purchase, refinance, Todays Economy, Todays Mortgage Interest Rates.
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Oct 3rd, 2007 by mortgage
Economist says growth will precede end of foreclosure crisis
ThisWeekNews – Columbus Area,OH,USA
That caused mortgage rates to fall. Because short term money was so much cheaper than long term money, rates on adjustable rate mortgages fell much further …
How to Choose Your Mortgage Compare Interest Rate or APR?
By paraskun_brii(paraskun_brii)
How to choose your mortgage – to compare the interest rate or avr. ? How to choose your mortgage – to compare the interest rate or avr. ? When you are on the market to buy a house or to refinance an existing loan, arrangement the …
Monday Market Commentary: Mortgage Rates Crossroads
By Alex Stenback
The mortgage interest rate market unwound a bit on Friday as renewed inflationary fears crept into the trading pits. Sparked by some hawkish anti-inflation commentary by several Fed officials, Friday’s sellof resulted in a rise in rates …
Todays Current Mortgage Interest Rates October 1 2007
By Admin
(more…) 10 Year Treasury, Adjustable Rate Mortgage, Interest Rates, mortgage interest rate projections, mortgage news, purchase, refinance, Todays Economy, Todays Mortgage Interest Rates.
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Oct 2nd, 2007 by mortgage
Financing Your Business With Home Equity
By MrMoney
Does your home equity loan or line carry an adjustable rate? If so, a jump in interest rates may make what you owe even more expensive and further offset any gains you make in your investment. If rates fall, it’s good news, …
RISKS AND REWARDS …
Knowing that they now would be relying on one salary, Roberts-Rose and her husband, Eugene, cashed in on the equity in their home to consolidate bills and supplement their household income. The couple obtained a home equity line of …
Is a Money Merge Account a Good Way to Pay Off Your Mortgage?
By J.D.
Daily Roundup: Car Insurance, Cheap Desks, and More; Ask the Readers: Save for a Down Payment, or Put Money into Home Equity? Co-Signing a Mortgage: Its Effects? Save Big By Canceling Private Mortgage Insurance; Ask the Readers: So Much …
Credit crunch hits small businesses
CNNMoney.com – USA
Entrepreneurs looking to tap home equity for business capital are facing increased scrutiny from mortgage lenders. By Ian Mount, FSB Contributor (FSB …
The new rules of the credit crunch
CNNMoney.com – USA
But you can’t tap 100 percent of equity anymore; you’ll be lucky to get 80 percent. What to do: Just because you can get a home-equity loan or HELOC doesn’t …
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Oct 1st, 2007 by mortgage
Here’s a new one: Being too broke to sell
Chicago Tribune – United States
“They’re probably people who have borrowed the equity out of their houses,” he said. “Some people don’t understand that a home-equity loan is a lien against …
It takes discipline, planning to save a house
Chicago Tribune – United States
Moreover, in Illinois, Chapter 7 filers can keep no more than $15000 in home equity (married owners can keep $30000); people with home equity above the …
Line of credit best option in this case
HeraldNet – Everett,WA,USA
So your best option is to borrow against the equity in your own home. If you use a home equity line of credit, your interest rate would be based on the …
Foreclosure ‘rescuer’ is your best pal – and then he cons you out …
New York Daily News – New York,NY,USA
You feel real at home and safe.” The firms claim to manage outstanding debt using the home’s equity while the company “takes care of” monthly mortgage …
Home Equity Loan
PR-GB.com (press release) – Sofia,Bulgaria
A home equity loan can be ideal if you need money for your education, paying your medical bills, or even for the renovation of your home. …
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Sep 30th, 2007 by mortgage
Your Money The Foreclosure Pickings Are Plentiful but Not Easy
New York Times – United States
This week Homeowners struggling to stave off foreclosure; the General Motors health care trust; the non-profit model for newspapers; and the prospects for a …
Metro area housing market Rush of foreclosures inflates sheriff’s …
Indianapolis Star – United States
To try to ease the burden on county sheriffs, whom the law makes responsible for processing foreclosures, a privately run foreclosure sale started in …
Relief: House bill would grant tax break on some foreclosures
New Philadelphia Times Reporter – New Philadelphia,OH,USA
By LEE MORRISON, TR Business Editor Some people who lose their homes to foreclosure are shocked to find that the Internal Revenue Service considers they …
Lawmakers take up foreclosure rate crisis
Nevada Appeal – Carson City,NV,USA
A legislative study committee has set an Oct. 22 meeting to begin dealing with Nevada’s foreclosure crisis. Assemblyman Marcus Conklin, D-Las Vegas, …
Can These Mortgages Be Saved?
New York Times – United States
Standing on her front steps in Somers Point, NJ, was a man from the Atlantic County sheriff’s office, delivering foreclosure papers on the three-bedroom …
Want To Save Your Home From Foreclosure? Experts Say Get Help Quickly
By Tom
If you are looking to save your home from foreclosure the trick is to get help quickly according to a study done by the Consumer Credit Counseling Service of Greater Atlanta. While many think that once they get behind on their payments …
Foreclosure Coaching Tip of the Week
From: Bill, Tim & Lori Re: Foreclosure Coaching Tip of the Week Foreclosure Tip #1-Knowing Your Values The single most important skill an investor can have without a doubt is being able to correctly value a property. …
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Sep 30th, 2007 by mortgage
Shake-up must not bring back overregulation
Times Online – UK
The regulators are about to expand the authority of the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association (commonly known …
SUBPRIME LENDERS UNDER FIRE
The NAACP’s primary assertion is that in 2004, African American homeowners who received a subprime mortgage from the defendants were more than 30% likely to be issued a higher-rate loan than white borrowers. …
Expert in Loan Processing – Ohio
Submits mortgage loan application file for underwriting approval. * Submits approved loan file to loan closer for funding. If you have it in you and are thrilled with the prestige of being part of String, please contact us. …
Foreclosure Specialist – Ohio
You should have * Minimum of 3 years of experience in the mortgage loan business with thorough knowledge of foreclosure process and terminology. * Conduct a complete review of the foreclosure file to ensure all default timeframes have …
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Sep 30th, 2007 by mortgage
September 30, 2007
Consumers with credit card debt benefit from interest rate cut
Salt Lake Tribune – United States
By midafternoon the trickle turned into a torrent, with most callers demanding an answer to the same question: “How much have mortgage rates fallen today? …
Homebuyers feel the pinch as rates rise
The Observer – UK
Last Friday the Britannia building society launched a mortgage rate fixed for five years at 5.39 per cent with a £999 fee, while the Derbyshire building …
Interest-only bridge loan has risk
By admin
Interest-only ARM’s monthly payments can increase if it converts to fixed-rate mortgage, says Dr. Don. Source: ep.bankrate.com. Rate Trend Index — Mortgages Each week, Bankrate.com surveys experts to gauge which way interest rates are …
30-Year Mortgage Rates Rise, Adjustable Rates Fall
By Eric Hochberger
Rates on 30-Year fixed rated mortgages rose for a second straight week.
Are Mortgage Rates Growing?
By RDC Blogger
In his recent blog, Steve McTyeire offers advice about investing in your future now, as mortgage rates are now lower than they have been in thirty years. With a personal story and some concrete facts, “Now is the time to invest in your …
Nationwide joins rush to raise mortgage rates
The national average house price was 182914, up by 9.4 per cent in the past year. The most expensive properties were in London-with an average of 349838, while the cheapest were in the North-East at £128758. The Land Registry said an …
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Sep 29th, 2007 by mortgage
September 29, 2007
50 Days of Leaders: Founding Principles
RisMedia.com (press release), CT – Sep 27, 2007
Vanessa Simmons is a founding member of OFIS (Ohio Foreclosure Intervention Specialists), a group of Realtors that come together from various brokerages to …
Local lawmaker takes mortgage crisis to Congress
WKYC-TV, OH – Sep 27, 2007
Sutton says her bill is based on the model created by Ohio Governor Ted Strickland’s Ohio Foreclosure Prevention Taskforce. Rep. …
Tales From The Foreclosure Frontlines: The Little House That Couldn’t
The Consumerist, NY – 8 hours ago
“My wife and I went through a foreclosure and bankruptcy here in Ohio (where we lead the nation in foreclosures). The long story short – we bought a house …
Task force trying to fix foreclosure problems
Xenia Gazette, OH – Sep 21, 2007
As Ohio is in the midst of an unprecedented number of foreclosures, the Ohio Foreclosure Prevention Task Force has quickly looked to triage the problem and …
Foreclosure crisis might be peaking
Lancaster Eagle Gazette, OH – Sep 23, 2007
Recommendations from the governor’s Ohio Foreclosure Prevention Task Force will reduce the number of foreclosures, but it won’t happen overnight. …
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Foreclosure, Ohio, mortgage loan | No Comments »
Sep 29th, 2007 by mortgage
September 29, 2007
The Shadow of Debt
Washington Post – United States
Today, it’s in danger of becoming a ghost town, largely because a swarm of speculators, real estate agents, mortgage brokers and lenders saw an opportunity …
Free help to stop foreclosure
CNNMoney.com – USA
She has connected clients with grants of up to $3000 or three months mortgage payment, whichever is less, from the Ohio Home Rescue Fund for 35 borrowers …
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Ohio, mortgage loan | No Comments »