How To Mitigate Negative Equity Negative equity is a term used in the equity loan market to refer to the value of a home equity when its value is assessed as less than the loan applied for. That means, the equity loan you have applied plus the outstanding dues on the mortgage are factored against [...]
Latest News in Refinancing Home Mortgages – March 12, 2009
March 12, 2009 By Leave a Comment
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 … [...]
Latest News in Mortgages and Home Loans- Feb 24, 2009
February 24, 2009 By Leave a Comment
Would the U.S. Government Actually Nationalize Citi? Image via Wikipedia The more we find out about the state of our financial and banking system, the darker things look. And what we’ve been finding out about banking giants and major mortgage lenders has been that they are nowhere near as solvent as we have been thinking. [...]
Latest News in Refinancing Home Mortgages – Feb 19, 2009
February 19, 2009 By Leave a Comment
How Barack Obama’s housing plan might help you – Hartford Courant A Strapped borrowers who have existing conforming loans can apply for a refinance through their existing lender. If they meet the program requirements, including that they occupy the home and can document their income, their lender may be able to … Mortgage applications climb [...]
Latest News in Mortgages and Home Loans- Feb 17, 2009
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Will Banks Get Another Infustion of Capital? After the Obama Administration announced the development of a “stress test” for U.S. banks, regulators began visiting the banks and trying to determine how bad things are. After all, there is some speculation that banks have been hiding the true extent of their problems. Now there are thoughts [...]
Latest News in Mortgages and Home Loans- Feb 10, 2009
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Latest News in Refinancing Home Mortgages – Feb 05, 2009
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Mortgage applications up as refinancing jumps – Reuters NEW YORK (Reuters) – U.S. mortgage applications rose in the last week of January, reflecting strong demand for home refinancing loans even as interest rates rose to their highest levels since early December, industry data showed on Wednesday. Home … Is now the time to refinance? – [...]
How to Double Your Home Equity
January 30, 2009 By Leave a Comment
How to Double Your Home Equity A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance major home repairs, medical bills or college education. Equity loans were produced to aid householders up the equity on their [...]
Latest News in Mortgages and Home Loans- Jan 27, 2009
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Latest News in Mortgages and Home Loans – Jan 20, 2009
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FDIC Asks Banks to Report on How They Spent TARP Funds One of the biggest scandals of the economic bailout bill passed last fall has to with how the $350 billion set aside for banks through TARP funds was spent. The money was meant to be spent in helping Americans avoid foreclosure. It was supposed [...]
