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 »
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 »
Many in Mass. may get mortgage help – Boston Globe More than 100,000 Massachusetts homeowners who cannot refinance at current low rates because of falling property values may now be able to do so as part of the Obama administration’s housing plan. The administration yesterday released new details … Answers on Obama’s mortgage relief plan [...]
March 05 2009 | Homes Mortgages and Loans in the news | No Comments »
Mortgage applications decline as refinancing eases – Philadelphia Inquirer WASHINGTON – Mortgage applications fell last week, as refinancing activity slowed. The Mortgage Bankers Association said Wednesday its weekly application index fell 15.1 percent for the week ended Feb. 20. The index came in at 743.5, down from 875.3 … Mortgage applications drop 15.1% – Boston [...]
February 26 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 [...]
February 19 2009 | Homes Mortgages and Loans in the news | No Comments »
How to Find a Good Equity Company Many consumers and home mortgage rate shoppers have been stumped as to how to find a good lender for a home equity loan or to refinance their home loan. One key factor to succeed in finding a trusting, fair lender providing a good home loan deal at a [...]
February 13 2009 | Mortgage & Home Loan | No Comments »
When NOT to refinance your home – ABC2 News The chance to refinance a mortgage at a lower interest rate is sure to get a homeowner’s attention. But it’s not always the right decision. Having bragging rights at the neighborhood picnic isn’t a reason to refinance. Instead, it’s good to put some … See today’s [...]
February 12 2009 | Homes Mortgages and Loans in the news | No Comments »
