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 [...]
May 15 2009 | Mortgage & Home Loan | 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 …
Mortgage Applications [...]
March 12 2009 | Homes Mortgages and Loans in the news | No Comments »
Would the U.S. Government Actually Nationalize Citi?
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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. It doesn’t [...]
February 24 2009 | Homes Mortgages and Loans in the news | No Comments »
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 in new [...]
February 19 2009 | Homes Mortgages and Loans in the news | No Comments »
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 that [...]
February 17 2009 | Homes Mortgages and Loans in the news | No Comments »
What Can You Do If You?re Upside Down on Your Mortgage?
With home values continuing to fall, many people are finding that they are upside down on their mortgages — meaning that they owe more on their homes than they are worth. If you are upside down on your mortgage, there are some options to deal [...]
February 10 2009 | Homes Mortgages and Loans in the news | No Comments »
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? – ABC 4
SALT [...]
February 05 2009 | Homes Mortgages and Loans in the news | No Comments »
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 home [...]
January 30 2009 | Mortgage & Home Loan | No Comments »
U.S. Existing Home Sales Get a December Boost
One of the main economic indicators – especially now that the housing market is such a big focus of the economy — is the U.S. existing home sales data. This is data that takes into account how many homes (already built) were sold in a month. The news [...]
January 27 2009 | Homes Mortgages and Loans in the news | No Comments »
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 to [...]
January 20 2009 | Homes Mortgages and Loans in the news | No Comments »
