Buying a Foreclosure? Make Sure the Property Really is Clean
Right now, there is a lot of interest in buying foreclosures. There are still quite a few on the market, even though delinquencies are starting to decline. And it is true that you can get a great deal in many cases. My cousin and his wife bought a foreclosure, and it turned out to be [...]
Reader Question: How Do I Know If I Can Afford a Mortgage Payment?
In this climate, with low home prices and low interest rates (not to mention a tax credit), it is little surprise that first time home buyers are out in force, looking for opportunities. Mortgage applications are on the rise as would-be home owners look for bargains. But the house hunt brings up all new questions [...]
Mortgage Applications Increase
Indeed, if you can, you might be advised to refinance. You can get a shorter term, and save even more money over the long run. I myself plan to refinance this year, looking for a good mortgage rate, and a shorter loan term.
IRS Payment Plan: Do You Still Get a Refund?
As a condition of your installment agreement, any refund that you should receive in the future will be applied against the amount that you owe. In other words, you are not going to receive any money. Instead, the IRS will take it and put it towards what you owe.
Hidden Debt Could Balloon Federal Deficit
We know that the federal deficit is ballooning at a rather scary pace. However, the growing debt that we see is only a part of the picture. There is probably more debt to come as we work to get out of our financial mess, and as the government has to deal with the burdens placed upon it.
AIG Loss of $9 Billion
Insurance giant AIG reported a 2009 fourth-quarter loss of $9 billion, leading to speculation that there is plenty of work to be done on the financial sector front.
U.S. Home Prices Likely to Continue Fall
U.S. home prices are expected to continue to fall through this year, according to Moody’s and Fiserv. There have been recent signs that the housing market is getting ready to move forward, showing improvement, but there are still likely to be plenty of setbacks along the way. As evidenced by January new home sales data, [...]
January New Home Sales Disappoint
The latest information on January new home sales is quite disappointing. Many analysts had been expecting that great mortgage interest rates, along with the home buyer tax credit, would result in an increase in new home sales for the month of January. Unfortunately, this has not been the case.
U.S. Problem Banks Increase ? And So Do Profits
The U.S. continues to see an increasing number of banks considered “problem”. A report from the FDIC for the last quarter of 2009 shows that there were 702 banks on the “troubled” list.
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.
EU Health Insurance Card – Don’t go on holiday without it!
The European health insurance card provides proof of European citizens’ entitlement to health insurance. Today, more than 172 million citizens have the card in their pocket. It is free and facilitates access to medical treatment when travelling in another Member State, whether for a weekend trip, holidays, education, a training course or for business purposes.
CREDIT AGRICOLE SA : Credit Agricole S.A. Good overall 2009 … – Yahoo Finance
… 71% overall and 81% for business loans. Overall, net income, Group share was EUR 574 million in 2009 and EUR 142 million in the fourth quarter, up 1.2% on the third quarter. With a renewed brand attractiveness and network … to partner networks …
New-Home Sales Plunged To Record Low in January – New York Times
Almost as disturbing was the continuing reluctance of people to apply for mortgages. The Mortgage Bankers Association said applications for loans to buy homes dropped last week to the lowest level in 13 years. By all rights, the housing market …
Consumer Debt Solutions for Your Credit Card Debt – Earthtimes
They allow you to pay off all your debt with one easier to handle loan. The aim … Option one – You can refinance your mortgage whilst also cashing out a part of your equity. You may have already been considering refinancing your mortgage, with this …
Less Red Ink at Freddie in ‘09 – Wall Street Journal
The mortgage company posted a net loss of $6.5 billion in the … home loans. The companies are also responsible for executing the Obama administration’s effort to modify and refinance loans for at-risk and troubled homeowners. Wednesday, Treasury …
Number of local homeowners ‘underwater’ grows to 22% – HamptonRoads.com
The number of homeowners in Hampton Roads who owed more on their mortgages than their homes were worth grew to more than 72,000 at the end of last year, according to a new report. That’s nearly one in four local mortgage borrowers – 22 percent – who …
Banks violated mortgage rules, lawsuits allege – Boston Globe
Two lawsuits filed yesterday in US District Court in Boston claim Wells Fargo and Bank of America have not followed federal rules for mortgage loan modifications … high interest rate, figuring he could refinance at a more affordable rate after a …
U.S. home purchase loan demand at lowest since 1997 – Vancouver Sun
NEW YORK — U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighed, data from an industry group showed on Wednesday. A continued drop in …
Loan Demand Falls Again. Mortgage Rates Unchanged Today – MortgageNewsDaily.com
… home purchases The last few reports … that snow in the Northeast was worse in February, is that a sign of more weakness to come? Check out the charts HERE The Chairman of the Federal Reserve, Ben Bernake, gave his semi-annual report to …
FelCor Reports Fourth Quarter Results – Yahoo Finance
Revenue per available room (?RevPAR?) for our 83 consolidated hotels was $75.01, a 10.9 percent decline compared to the same period in 2008, which is better than the 11.7 percent decline for the industry (according to Smith Travel Research). Our …
Fixer-upper financing – Contra Costa Times
The word ”as-is” can indeed be one scary phrase. Especially when buying a home in today’s market where foreclosures and short sales that need fix-up work are plentiful. But a little-known Federal Housing Administration loan program that’s been …
