FHA Loans Performing Well in this Economic Climate Even though the Federal Housing Administration is experiencing problems due to loan defaults and foreclosures, FHA loans are still performing relatively well. When you compare FHA loans to subprime loans, they are performing admirable. Indeed, the FHA is expected to be able to weather the current mortgage [...]
April 08 2009 | Homes Mortgages and Loans in the news | No Comments »
How to Improve Equity for Lending Your home can be a great tool to improve your financial position. Home equity is a give/take agreement, as the borrower is playing his home, putting it entirely in the loaners hand in exchange for a large sum of money. Hence, home equity loans take great consideration. Several borrowers [...]
April 03 2009 | Mortgage & Home Loan | No Comments »
A bump in pending home sales – Herald Tribune An index that tracks signed contracts to purchase previously occupied homes rose in February from a record low a month earlier as buyers took advantage of deeply discounted prices and low interest rates. The National Association of Realtors said … Help on way for those unable [...]
April 02 2009 | Homes Mortgages and Loans in the news | No Comments »
Re-Financing with Bad Credit These days many people can get into a bad credit situation if they do not keep track of their income and expenditure. Many young adults suddenly find that they are being offered credit cards by various companies. Those who are sensible will find a credit card that suits their needs, sign [...]
March 31 2009 | Mortgage & Home Loan | No Comments »
Bank Failure Friday: Omni National Bank It’s turned into kind of a joke: “Failure Friday” has become a staple on many finance and mortgage blogs. Friday seems to be the day that regulators seize failing banks, and in the current climate, some people really like to hear about these failures. Failure Friday is almost an [...]
March 31 2009 | Homes Mortgages and Loans in the news | No Comments »
Refinancing Boosts Mortgage Applications – Tampa Bay Online WASHINGTON – Mortgage applications surged last week, coming mostly from borrowers looking to refinance at sharply lower rates after the Federal Reserve unveiled plans to buy Treasury bonds and mortgage-backed securities. The Mortgage Bankers … Mortgage applications surge in week – Boston Globe WASHINGTON – Mortgage applications [...]
March 26 2009 | Homes Mortgages and Loans in the news | No Comments »
Re-Financing with an Interest Only Mortgage Mortgage refinancing is the process of paying off one loan with the proceeds from a new loan, using the same property as security. People choose to refinance their home when current rates are lower than their preexisting rates on a particular home loan. Interest only mortgages are a comparatively [...]
March 24 2009 | Mortgage & Home Loan | No Comments »
Mortgage Rates Lower, Thanks to the Federal Reserve Mortgage rates are at new historic lows right now. This is in large part to the Federal Reserve decision on Wednesday to begin buying long-term U.S. Treasuries. Mortgage rates are tied in large part to long-term Treasury bond yields. The new announcement from the Fed amounts to [...]
March 24 2009 | Homes Mortgages and Loans in the news | No Comments »
Sacramento homebuyers rush to refinance at lower rates – Sacramento Bee Lower borrowing costs triggered a new spike in U.S. mortgage applications last week as borrowers ? including thousands in California and the Sacramento region ? rushed to refinance home loans. Sacramento loan consultant Dennis Graves said most … Mortgage rates likely to fall today [...]
March 19 2009 | Homes Mortgages and Loans in the news | No Comments »
Florida has high hopes for Barack Obama’s home foreclosure plan – Fort Lauder… MESA, Ariz – Seeking to tackle “a crisis unlike any we’ve ever known,” President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their homes to foreclosure. Announcing the plan in … [...]
March 12 2009 | Homes Mortgages and Loans in the news | No Comments »
