Latest News in Mortgages and Home Loans- Feb 17, 2009

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Will Banks Get Another Infustion of Capital?
After the Obama Administration announced the development of a “stress test” for U.S. banks, regulators began visiting the banks and trying to determine how bad things are. After all, there is some speculation that banks have been hiding the true extent of their problems. Now there are thoughts that what has been done thus far […]

U.S. Could Offer Mortgage Subsidies to Prevent Foreclosure
As JPMorgan and Citigroup announce that they will offer a moratorium on foreclosures — on the heels of a similar revelation from Bank of America, the Obama Administration is mulling a plan that includes mortgage subsidies to help prevent foreclosure.
The idea is to help buy time for borrowers who may not be able to make […]

Home Values Continue to Fall
Image by Getty Images via Daylife
Home prices are declining at a record pace. Home values have been plunging monthly since the middle of 2007 when the subprime mortgage market crash began. Now, as the economy continues to sink deeper into recession — and people have difficulty buying a home — housing prices have yet to […]

Fannie Mae: Finance More than Four Properties If You Want
Image by spike55151 via Flickr
In response to the mortgage market meltdown, Fannie Mae added some guidelines that restricted real estate investors from buying (or refinancing) more than four properties. This restriction really put a damper on things for some real estate investors, since Fannie Mae and other government sponsored institutions have been among the few […]

Financial News: New Bank Rescue Plan Unveiled
Image via Wikipedia
It’s all about the economy and financial news today. And one of the big bits of news is that banks can count on a little more help from we the taxpayers. Earlier today, Timothy Geithner, the Treasury Secretary, unveiled his plan for bank rescue — or at least an outline of it. Some […]

What Can You Do If You?re Upside Down on Your Mortgage?
With home values continuing to fall, many people are finding that they are upside down on their mortgages — meaning that they owe more on their homes than they are worth. If you are upside down on your mortgage, there are some options to deal with the problem, reports Wisebread:

Rent it out.
Short sale.
Loan modification.
Walk away.
Bankruptcy.

Before […]

Economic Stimulus Bill: Will It Help the Housing Market?
The Senate has been busy this week, adding new items to the economic stimulus bill. Indeed, the Senate has been trying hard to focus on the housing market by offering a number incentives aimed at getting people out there and buying homes, as well as trying to stymie the rising tide of foreclosures. Here are […]

Deflation Can Lead to Lower Mortgage Rates
It is true that many economists and others are predicting that, with economic stimulus and an increase in the money supply, inflation is likely. However, the immediate economic problem is actually deflation – which is the opposite of inflation.
With deflation the main concern right now, there is speculation that mortgage rates will fall further — […]

Is Your Mortgage Statement Correct?
Right now, mortgages are in the news. A lot. From concerns that prime borrowers are the next wave of foreclosures (thanks to the fact that job loss is likely to result in a wave responsible people suddenly unable to make their payments) to the almost weekly drops in mortgage interest rates, home loans are big […]

Mortgage Market Remains Slow
The numbers are in, and December new home sales fell 14.7 percent. Indeed, this is an indicator that times really are quite tough in the housing and mortgage market. After all, it is very difficult to buy a home when you don’t have a job — or are afraid of losing your job. With unemployment […]

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finance, financing, home loan, home loans, Home Value, loan, loans, mortgage, mortgage market, mortgage rate, mortgage rates, mortgages, refinancing

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