Latest News in Mortgages and Home Loans – Dec 08, 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.

Refinancing to an ARM?
Image by woodleywonderworks via Flickr
ARMs have gotten a bad rep through the most recent mortgage crisis. And there is some reason for this. However, an ARM is not all bad. My parents just refinanced to an ARM, and they are saving big on their monthly mortgage payments. The key is to be smart about it. [...]

Bank of America Plans to Repay TARP Money
One of the biggest things that ordinary Americans have been upset about is the TARP money provided for big banks. As Americans struggle with loan modification, they wonder why it is so easy for big banks — many of which made poor money decisions — to get funding. The good news is, for some banks [...]

HUD Could Tighten FHA Loan Rules
Image via Wikipedia
The Housing and Urban Development secretary Shaun Donovan is expected to tell Congress that the rules for FHA loans need to be tightened. Donovan believes that the FHA will not need more funding help from the government, but he does think that mortgage lenders need to be more accountable when originating FHA loans. [...]

Pressure on Mortgage Lenders Increases for Loan Modification
Image by Getty Images via Daylife
One of the programs that President Barack Obama has been pushing to help with foreclosure prevention is the loan modification program. However, there have been several hangups as mortgage servicers and lenders refuse to switch borrowers from their temporary trial loan modifications to more long term arrangements. (Some lenders are [...]

Building Projects in Dubai Put On Hold
It is little surprise that Dubai’s massive building projects have largely been put on hold. Dubai’s immense wealth has been seen as a safe bet for many lenders interested in cashing in on Dubai’s building boom. But that boom may be over soon than anticipated. In a stunning announcement yesterday, Dubai World Conglomerate, which the [...]

Happy Thanksgiving!
Image via Wikipedia
My favorite holiday is Thanksgiving. It is a great time to reflect on what I am thankful for, as well as enjoy my family. We usually have relatives come to our house, and it is always nice to spend time with family, talking and catching up. And, of course, enjoying good food. I [...]

Personal Spending Rose in October
Image by jmtimages via Flickr
Whether people were getting an early start on their holiday shopping, or whether some glimmer of confidence is returning, personal spending rose in October. Indeed, even though President Barack Obama warned that a double-dip recession is possible, it is hard to ignore the news on the consumer spending front. People are [...]

25% of Mortgages Underwater
Image via Wikipedia
As the housing market continues to drag its feet toward recovery, there is increasing concern about the number of mortgages underwater. CNN Money reports on the number of homes that are suffering from negative equity:
Almost 10.7 million U.S. mortgages were “underwater” as of September, said research firm First American CoreLogic.
Another 2.3 million homeowners [...]

Homebuilder Stocks Continue to Struggle
Image via Wikipedia
October building starts were markedly down, and homebuilders have been missing earnings marks. The fact that existing home sales surged in October was not much comfort to a housing market that is looking for improvement across a number of areas, especially home building. Even though the broader stock market is up today on [...]

Loan Modification and Your Credit Score
Image via Wikipedia
One of the issues surrounding loan modification is how it could affect a credit score. Many have been concerned about how deciding to go through a loan modification could possibly damage a credit score. This is because there haven’t been a lot guidelines about how to handle credit reporting with regard to loan [...]

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