Latest News in Mortgages and Home Loans- Sep 16, 2008

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Bank of America Buys Merrill Lynch
Even as Lehman Brothers files for bankruptcy, Bank of America has turned its sights on Merrill Lynch, buying it out for close to $50 billion. Bank of America has, indeed, created a reputation for itself as a kind of savior, especially since its earlier acquisition of embattled mortgage lender Countrywide.
And now Bank of America is […]

Is Joining a Homeowners? Assocation a Good Idea?
One of the trends picking up steam over the last few years has been that of developed properties. Condo and townhome communities, as well as gated or pre-planned single home communities are popping up all over the country. And many of these communities have a Homeowners’ Association (HOA).
What is a Homeowners’ Association?

A homeowners’ association (HOA) […]

Contemplating the American Dream on the Anniversary of 9/11
Ever since I was young, I can remember the American Dream being represented as owning a home. That’s sort of been the standard for quite some time: Anyone can come and get a bit of land to call his or her own, and have a house. So it seems fairly appropriate to consider the American […]

Mortgage Market News: Mortgage Interest Rates and DAPs
Mortgage market news is seeing some movement today. The biggest news is that mortgage interest rates are falling dramatically. The government move to takeover Fannie and Freddie is injecting some confidence in the mortgage market, so interest rates are falling. On this news, mortgage applications are on the rise. More buyers are trying to get […]

Can?t Qualify for a Home Loan? 4 Ways to Become More Attractive to Mortgage L…

Right now, with tightened lending standards and wary mortgage lenders, many people are finding that they do not qualify for the home loan that they want. Indeed, many folks who would have found it easy to get a home mortgage loan in the freewheeling days before the subprime lending crash are having difficulty right now. […]

New FHA Loan Rules
In all the hoopla about Fannie Mae and Freddie Mac over the weekend, it is not surprising that some smaller news revolving around FHA loan rules has been somewhat overlooked. But there is some merit in bringing these new rules to light — if only to take a break from the incessant chatter about Fannie […]

U.S. Government to Take Over Fannie and Freddie
It’s finally happened. The U.S. government has acknowledged the inevitable and called the executives of Fannie Mae and Freddie Mac in to let them know that the government will be taking them over.
This move, which is expected to be officially announced by Sunday, has been coming on for quite some time. Even with the new […]

Is the BiSaver Mortgage Payment Program a Good Idea?
One of the ways you can save money on your home mortgage loan is to make a biweekly mortgage payment, rather than one that is monthly. This actually reduces your principal, reduces the amount you pay in interest over the life of the mortgage and reduces the amount of time you are paying your mortgage. […]

What If You Can?t Make a Mortgage Payment?
One of the concerns that keeps cropping up amongst many homeowners has to do with whether or not they can make a mortgage payment. Indeed, in today’s economy, more people are asking this question before they even get into trouble with their home mortgage loans.
It is a very troubling question, with very few pleasant answers.
What […]

Ed McMahon to Avoid Foreclosure

One of the most heart-rending tales of foreclosure in recent months has been the possibility that beloved TV personality Ed McMahon would lose his home. Indeed, many people were saddened by the news, since Ed McMahon was such a popular personality, and had been ailing for months. His inability to work, and his medical bills, […]

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June 19 2010 06:49 am | Home Value

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