Latest News in Mortgages and Home Loans- Jan 05, 2010

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

Guest Post: FHA?s reverse mortgage portfolio value would keep on increasing
Image via Wikipedia
This is a guest post from Jennifer Lohan.
The United States Department of Housing and Urban Development made an announcement stating that an independent survey published demonstrates that FHA (Federal Housing Administration) has suffered considerable losses from reverse mortgage loans offered prior to 2009.
As per a report from the Department of Housing and Urban [...]

Happy New Year from the Mortgage Blog!
Image via Wikipedia
It’s then end of the year, and the beginning of a new year. And for many of us, that means that it’s resolution time! I have some financial New Year’s resolutions, one of which is to refinance my home. I had wanted to do this in 2009, but somehow never managed to do [...]

Banks Get a Gift from Financial System ?Reform? Bill
Image via Wikipedia
No, the big banks don’t really want more regulation in the form of the recently passed H.R. 4173. (The Senate has yet to tackle this one, though, so it’s still got some time before it becomes law.) But the banks do get some nifty gifts, so it’s not all bad for them. There [...]

Housing Market Losing Momentum
Image by Getty Images via Daylife
Today, the Case-Shiller index showing home prices for October was released. And, unfortunately, it showed things flattening out a bit. Analysts had hoped to see that October was on pace with the rest of the year in terms of housing value recovery, but instead it showed that things are losing [...]

Looking for Loan Modification? Your Credit Score May Suffer
Image via Wikipedia
One of the issues surrounding the current loan modification program is the fact that, in some cases, just entering a trial loan modification can affect your credit score. This can be very disheartening for those who are struggling to keep current on their mortgages, making payments on time and meeting the guidelines for [...]

Merry Christmas 2009 from the Mortgage Blog at Banks.com!
Today is Christmas Eve. Hopefully, you are enjoying time with your family and friends, and contemplating the types of gifts that don’t come from the store. After all, there are many different kinds of gifts, and all of them are reasons to be grateful. The housing market, which appears to be showing some improvement, got [...]

Make Sure There Are No Prepayment Penalties on Your Mortgage
Image by Steve Wampler via Flickr
One of the issues you may have to deal with when trying to pay a mortgage off early is the possibility of prepayment penalties. A prepayment penalty is when the mortgage lender charges you a fee for paying off the mortgage ahead of the term. The theory is that the [...]

Existing Homes Sales Data Impresses
Image via Wikipedia
November saw a surge in existing home sales data. Indeed, the sales were much larger than expected, as home buyers rushed to take advantage of the fact that the home buyer tax credit has been expanded. Many are interested in buying a home right now, and first time home buyers are are showing [...]

Loan Modification Attempts Ineffective Long Term
Image by TheTruthAbout… via Flickr
Loan modification attempts are working on some level, but in the long term, some are finding that the situation is deteriorating. Mortgage lenders and servicers are starting to step up efforts to help as foreclosures continue, but it still might not be enough. Even prime mortgage borrowers are falling behind on [...]

Citi Suspends Foreclosures in the Holiday Spirit
Image via Wikipedia
In the spirit of the season, some mortgage lenders are suspending their foreclosures. Citi is one of the mortgage lenders that is providing a reprieve for borrowers who would otherwise lose their homes this holiday season. Citi’s program will take effect between December 18, 2009 and January 17, 2010. It is expected to [...]

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