Latest News in Mortgages and Home Loans- Aug 04, 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.

Mortgage Servicers Slow to Help With Loan Modification
Image by TheTruthAbout… via Flickr
One of the cornerstones of the foreclosure prevention efforts made by the Obama Administration is a loan modification program. This program includes incentives for mortgage services and lenders as well as borrowers. However, mortgage lenders have been slow to participate in the voluntary loan modification program. In the hopes of spurring [...]

Tips for Homeowners Insurance
When you buy a home, you need homeowners insurance. This is insurance that protects your home should something happen. However, it is vital to realize that not all homeowners insurance policies are the same. Generation X Finance has some great insight into some tips that can help you as you shop around for homeowners insurance:

Review [...]

Accepting a Down Payment Gift the Right Way
Image by midnightglory via Flickr
When we bought our home a couple of years ago, we needed a bit of help. My parents gave us a gift of $1,500 to help us toward our down payment. This is perfectly acceptable, but it needs to be clear that the money is a gift, not a loan, and [...]

New Home Sales Gain Unexpectedly in June
Image by melodramababs via Flickr
New home sales made an unexpectedly large gain in June, according to reports. Data shows that new home sales increased 11% in June. This is providing speculation that the worst of the housing market slide is over. Bloomberg reports on the implications of this jump in new home sales:
Deutsche Bank Securities [...]

Tips for First-Time Homebuyers
Image via Wikipedia
The government is really hoping that you will buy a home — especially if you are a first-time homebuyer. Not only is there are generous tax credit available, but you can use it now to put toward the down payment on your home. Some state governments are also offering special first-time home buyer [...]

Economic News: Jobless Claims Rise Again
Jobless claims have been rather volatile in recent weeks. Last week, they dropped. This week, though, new unemployment claims are up by 30,000. The increase is in line with expectations, which means that things might be improving, despite the increase. The four-week moving average, though, is down by 132,000. That is good news for those [...]

Ben Bernanke: Foreclosures to Peak 2nd Half of 2009
Yesterday, Ben Bernanke spoke to Congress about the economy, and about his plans to exit from economic stimulus measures with an eye on controlling inflation. However, he also made mention of his views of the housing market and foreclosures. HousingWire reports on Bernanke’s statement before Congress:
US and international efforts to stem the recession are starting [...]

Is Renting Really a Waste of Money?
One of the biggest rivalries in the money world is the renting vs. buying smackdown. The argument against renting is, of course, that it is a waste of money: You are throwing your money down a hole and you won’t get any of it back. At least with a mortgage, you can take a tax [...]

Mortgage Lenders Have New Disclosure Rules Coming
At the end of this month — July 30 — new disclosure rules will be applied to mortgage lenders. In recent years, mortgage loans have become more complex, and mortgage lenders and brokers have not always been forthcoming when it comes to disclosing the true costs of the loans. Many consumers made decisions they might [...]

Want a Loan Modification? Don?t Pay for It
As one might expect in these economic times, as people become desperate for help, scams are popping up all over the place. There are foreclosure prevention scams, in which the unscrupulous take money from the unsuspecting and promise to help them halt foreclosure, and there are a number of other scams at work. With all [...]

Tagged:

Recent News on Home Improvement

XML error: XML_ERR_NAME_REQUIRED at line 1 - Unknown document format.

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:

May 23 2011 08:07 am | Interior Design and Organizing - Storage Solution and Safety

Trackback URI | Comments RSS

Own Home Style .com

Interior Design Renovation Loan & Mortgage