Advantages to Buying a Foreclosure
Right now, many people are considering buying a home. With low mortgage interest rates and low home prices, there are a lot of great deals out there. If you can buy a foreclosure, there are even better deals. Real Estate Pro Articles points out that there are some definite advantages to [...]
April 21 2009 | Homes Mortgages and Loans in the news | No Comments »
Canceling Your Credit Card Could Hurt Your Chances of Getting a Home Loan
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Right now, many people seemed inclined to cancel credit cards and go with cash. There is a movement, in this time of recession, to get back to the sound basics of finances and get rid of debt. For many [...]
April 14 2009 | Homes Mortgages and Loans in the news | No Comments »
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 market [...]
April 08 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 »
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 »
Is Your Mortgage Statement Correct?
Right now, mortgages are in the news. A lot. From concerns that prime borrowers are the next wave of foreclosures (thanks to the fact that job loss is likely to result in a wave responsible people suddenly unable to make their payments) to the almost weekly drops in mortgage interest rates, [...]
February 03 2009 | Homes Mortgages and Loans in the news | No Comments »
Bush Administration to End FHA Secure, Despite Calls for Continuation
One of the programs that many mortgage industry and related groups has been fairly happy with has been FHA Secure. FHA Secure is a program that the Bush Administration put into practice back in August of 2007 when the first hints of a massive subprime mess [...]
December 23 2008 | Homes Mortgages and Loans in the news | No Comments »
Should You Pay Your Mortgage Off Early?
One of the debates that often surfaces surrounding the home mortgage loan is whether or not it is worth it to pay your mortgage off early. Since I am of the school that it is better to get out of debt as soon as possible, I tend to be [...]
December 16 2008 | Homes Mortgages and Loans in the news | No Comments »
Mortgage rates foreseen under 4% – Baltimore Sun
WASHINGTON Government efforts to provide easier credit to consumers and to help housing finance companies could push mortgage rates “well below 4 percent,” a federal regulator said yesterday. James Lockhart, whose agency oversees government …
Bernanke Urges Home Loan Help – Washington Post
The government needs to move much more [...]
December 11 2008 | Homes Mortgages and Loans in the news | No Comments »
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