Latest News in Mortgages and Home Loans- April 28, 2009

Please note it is your responsibility to evaluate the accuracy, completeness and usefulness of any information, opinion or advice contained in the content below.

Home Ownership at Levels Seen in 2000
As one might expect, the housing market crisis is resulting in a decreasing level of home ownership. Indeed, all of the foreclosures that have been happening are sending the level of home ownership to the levels seen in 2000. Calculated Risk has this great graph that illustrates the home ownership trend of recent years in [...]

Mortgage Backed Securities on the Rise Again
Image via Wikipedia
Mortgage backed securities are on the rise again. As more people refinance, taking advantage of the low mortgage interest rates, more securities based on mortgage are being sold. Indeed, Freddie Mac has issued (and bought) billions in mortgage backed securities in recent months. National Mortgage News Online reports on this trend:
Freddie Mac’s issuance [...]

New Credit Card Regulations Proposed
Image via Wikipedia
There has been a great deal of talk about changes to credit card rules. And many consumer groups think that it is about time. Many
of the practices that credit card issuers engage in seem rather predatory — especially since issuers can change terms on a whim, even for responsible customers. President Barack Obama [...]

Tax Credits for Greening Up Your Home
Image via Wikipedia
It’s Earth Day, and as a result I’m thinking about things that can be done to save the Earth — and maybe even save a little money. Making green home improvements is a good way to get a tax credit and help make your home more environmentally friendly. Instead of only getting 10% [...]

Some Banks Want to Pay Back TARP Now
One of the big the big controversies right now is the concern that TARP may prompt big losses for taxpayers. The government has not got what it put in. However, an interesting new development is on the way. Some financial institutions want to pay back TARP now, rather than later, or waiting for the government [...]

Advantages to Buying a Foreclosure
Right now, many people are considering buying a home. With low mortgage interest rates and low home prices, there are a lot of great deals out there. If you can buy a foreclosure, there are even better deals. Real Estate Pro Articles points out that there are some definite advantages to buying a foreclosure:
Today, foreclosed [...]

Refinancing When You Have a HELOC
Many people are interested in refinancing their homes right. This is not a big surprise, since mortgage interest rates are at historic lows. There are some great deals out there on 30-year fixed loans — and even better deals on 15-year fixed loans.
One of the issues that comes up, however, is that of refinancing when [...]

Reverse Mortgages Gaining in Popularity
Reverse mortgages are gaining in popularity as older Americans turn to them to supplement dwindling earnings from their retirement accounts. Indeed, reports Golden Gateway Financial in a press release, there has been a substantial increase in the amount of people choosing a reverse mortgage:
According to the Housing and Urban Development (HUD), HECM reverse mortgage volume [...]

Mortgage Rates Drop Dramatically
Mortgage rates are at lows not seen for decades. And, since Freddie Mac began officially tracking rates in August 1991, things have not been this good for mortgage borrowers. MarketWatch offers interest rate information for this past week:

The 30-year fixed-rate [...]

President Obama Unveils Mortgage Modification Program
Since the middle of February, we have been waiting for concrete details about President Obama’s mortgage modification program. Today, he announced the details of the plan to create a loan modification that the administration says will help keep 9 million people in their homes. JPMorgan Chase, Wells Fargo and Citigroup have all agreed [...]

Tagged:

Free Newsletter

Sign up for the free Daily newsletter, filled with tips and ideas on home improvement, home interior design, home loan mortgages, home loan, equity loan, home improvement loan, and more. Your email address will be kept confidential and won't be shared. Easily unsubscribe at any time.

If you enjoy the free information available on this site, you're sure to enjoy the free newsletter as well:

Share and Enjoy:

December 26 2009 05:09 am | Blogroll

Trackback URI | Comments RSS

Own Home Style .com

Interior Design Renovation Loan & Mortgage