Latest News in Mortgages and Home Loans- Feb 23, 2010

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Home Mortgage Delinquencies Starting to Subside
It appears that home mortgage delinquencies are starting to subside, providing some hope that maybe the worst of the housing market crisis really is over.

Short Sales Increasing
With the housing market still struggling, many home owners are turning to short sales in an effort to avoid foreclosure.

Should Fannie and Freddie be Nationalized?
But what about nationalization? Could the U.S. handle the increased debt burden of nationalizing these institutions? In the long run, there is the chance that the government could actually make money, since the revenues from interest and other fees could be quite helpful. But do we really want the government involved in what many think should be a business venture for the private sector?

Can You Really Pay Off Your Debt Quickly?
Recently, Ben over at Trees Full of Money offered a look at how he and his wife paid of $90,415 of consumer debt in only two years. It is a seven-part series, and well-worth reading. It is a truly inspiring story. And one that can be a little intimidating. But it does offer a real world example of what you can accomplish if you make a plan and stick to it.

Housing Starts Show Increase in January
News about the housing market is in, and it appears that housing starts are showing an increase for January. This is good news for the economy, since it shows that the housing market might be stabilizing. At least for now.
MarketWatch reports on the latest housing starts data:
Permits for single-family homes, considered by many analysts to [...]

Refinance, Pay Down Debt While Interest Rates are Low
Right now, interest rates are near record lows. The Fed funds rate is extremely low right now. The Fed has made noises about a new benchmark, rather than the Fed funds rate, but either way, things could be changing toward the end of 2010 and the beginning of 2011. Last quarter’s GDP data made it [...]

Payment Priorities: Are You Making Mortgage Payments?
In these economic times, many people are wondering what they need to do in order to make sure that they can pay their most important bills. It is prudent to make sure that you can afford your mortgage payment before you buy. And you should carefully consider your options before you buy a home. However, [...]

Celebrating Valentine?s Day on a Budget
In today’s economy, it can be a little daunting to try and celebrate Valentine’s Day. Just make sure that you are thoughtful and kind, and you will find that money isn’t as big a consideration.

Mortgage Applications Drop
In spite of the fact that the home buyer tax credit has been extended and expanded, mortgage applications are dropping.

Book Review: Boosting Your Financial IQ
If you are concerned about your financial IQ — how you deal with money — you might consider doing a little more reading on the subject. One place you can start is with The Complete Idiot’s Guide to Boosting Your Financial IQ by Ken Clark.

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June 26 2010 08:33 am | Kitchen

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