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 [...]
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 [...]
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? – [...]
February 05 2009 | Homes Mortgages and Loans in the news | No Comments »
House of cards – Toronto Sun VANCOUVER — Record low interest rates are spurring more Canadians to refinance mortgages to consolidate debt, a trend that is expected to grow as Ottawa moves to encourage spending on housing. While refinancing your mortgage at a lower interest rate … Mortgage Rates Up, Refinancing Applications Down – US [...]
January 29 2009 | Homes Mortgages and Loans in the news | No Comments »
Falling interest rates spark increase in mortgage applications – Tampa Bay Bu… Michael Kelleher, loan officer for Residential Finance, takes a client call. Home refinancings are proving to be a bright spot in a tough banking market. With interest rates at near-record lows, mortgage applications have been increasing in numbers … Mortgage applications drop as [...]
January 22 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 [...]
January 20 2009 | Homes Mortgages and Loans in the news | No Comments »
Benchmark US mortgage rates hit record low – Financial Times The average rate for benchmark US mortgages fell to a record low level last week, according to the Mortgage Bankers Association. The 30-year fixed home loan rate averaged 4.89 per cent, below the previous all-time low of 4.99 per cent set in June … Mortgage [...]
January 15 2009 | Homes Mortgages and Loans in the news | No Comments »
Buying a Home in 2009? Don?t Make These Mistakes! Many people are looking at the low mortgage interest rates and the falling home prices and thinking that 2009 would be a great year for buying a home. Indeed, if you are in a good position with regard to your credit score, and if you have [...]
January 13 2009 | Homes Mortgages and Loans in the news | No Comments »
Paulson calls for replacing Fannie/Freddie – Birmingham Business Journal Outgoing U.S. Treasury Secretary Henry Paulson reflected on the downfall and future of embattled mortgage giants Fannie Mae and Freddie Mac in a speech before the Economic Club of Washington on Wednesday. He argued that there was widespread … Mortgage rates hit record low again – [...]
January 08 2009 | Homes Mortgages and Loans in the news | No Comments »
Mortgage Rates May Be Low, But That Doesn?t Mean You?ll Be Approved Right now, the big news is that mortgage rates are at their lowest in years. It is no surprise, then, that mortgage applications are way up — especially in terms of refinancing. (One of my goals for the New Year is to refinance [...]
January 06 2009 | Homes Mortgages and Loans in the news | No Comments »
