mortgage interest rates predictions: Be Careful!
My home mortgage rates predictions are just as good as any economist’s these days, with global uncertainty of epic proportions clouding everyone’s crystal balls. Once upon a time, mortgage rates predictions were relatively simple to make. Mortgage rates predictions involved nothing more than estimating movements in the supply [more...]
Date: 2009-03-09 13:01:52
Blog posts
(572) |
Videos
(196)
Silver Lining and Lesson Department
A compressed portrayal of US failures evident in the current crisis may arise from the following list of representations: (A) ... ; (B) industries : mortgage origination, mortgage finance, insurance, commercial banking, rating agencies, investment banking, automobile manufacturing and finance; (C) regulators : state mortgage [more...]
Date: 2009-03-06 18:24:42
Obama on McCain on buying up bad mortgages
Here’s Obama’s response to McCain’s mortgage buy-back proposal: Senator McCain and I had a chance to talk about this the other night in Nashville ... at the time that this should not be a vehicle to reward banks and lending institutions that recklessly ... lenders, reached an agreement to help homeowners refinance their mortgages. Under Senator McCain’ [more...]
Date: 2008-10-10 12:44:04
What Happens to Your Mortgage if Your Bank Fails?
Over the past several weeks, I’ve received a number of comments and e-mails from readers wondering what would happen to their mortgage if their ... » Pay Down Your Mortgage With ‘Found’ Money » Mortgage Refinance Complete [more...]
Date: 2008-09-22 20:18:42
I Want a Fixed Mortgage Heres Why
by Mortgage Wizard There are many mortgage products available in the market place. Currently there are fewer but there are still options ... to refinance into another fixed loan. Like I have said before your mortgage will most likely be the biggest [more...]
Date: 2009-03-08 19:31:03
Why You Shouldn’t Keep a Mortgage Just for the Tax Deduction
This is a guest post from CJ at WiseMoneyMatters.com . This post represents CJ’s viewpoints, which are not necessarily my viewpoints. (Although I, too, hope to pay off my mortgage early.) Note: This is embarrassing. I don’ ... . We are downsizing in order to eliminate our mortgage more quickly. It looks [more...]
Date: 2009-03-10 12:00:57
What’s Good For Homeowners Just “Happens” To Be Good For Banks
And the defense of the New Democrats' attempts to limit mortgage write-down on behalf of the banks continues ... mortgage, there would be a strong argument that it would have to reduce the value on its balance ... had hit an economic slump. Under this stringent approach, financial industry mortgage-related losses could [more...]
Date: 2009-03-04 18:09:46
How To Avoid Foreclosure On Your Home
by James Gangrut If you’re afraid of foreclosure, and you’re getting closer to it each day, you can use a mortgage loan modification. Now, we’ll see a few guidelines for safe mortgage loan modification. In this market ... concerns instead. Lenders have come up with a solution; mortgage loan modification. Essentially [more...]
Date: 2009-03-07 21:12:01
Ask the Readers: When Does It Make Sense to Refinance a Mortgage?
So much for vacation. I just can’t keep myself away from you guys! While surfing around this evening, I found a story at USA Today about how mortgages are at a 37-year low. A 30-year fixed-rate mortgage averages about 5.28% right now. I don’t usually pay much attention to these stories. We refinanced our first house ( [more...]
Date: 2008-12-19 13:00:18
Fraudulent Foreclosures, Evictions Not Valid, 1099 IRS fraud
wst... note: ms. jackson has been writing from a personal perspective about mortgage frauds particularly in new orleans for several years prior to ... of their properties and become evicted; and it cheats Investors, as well as mortgage companies ... names of defunct mortgage companies, or companies which do not own the promissory notes; and after [more...]
Date: 2009-03-10 16:31:00
Private Sector Solutions to the Mortgage Crisis
Jeffrey Korzenik submits: Bloomberg carried an interesting story on Wednesday about a private firm taking advantage of an arbitrage opportunity in the mortgage market. The firm, NewOak Capital, purchased an underwater mortgage (the loan ... the principal enough to refinance into a conforming loan and still make a profit. Ultimately [more...]
Date: 2009-03-06 10:30:06
Calculating Your Mortgage Refinance Payback Period
In talking about refinancing, I recently mentioned the concept of the mortgage refinance “payback period, ... . While there are a number of mortgage refinance calculators available online, I thought I’d give ... For starters, you’ll need to know how much it will cost you to refinance. You can get an idea [more...]
Date: 2009-01-14 15:36:35
Good Time To Ask About Refinancing Your Mortgage: I Might Save $50,000!
With the rate drop yesterday, mortgage rates are at amazing lows. People in the office are bragging about locking in 4 ... of a mortgage refinance are the points and settlement costs (appraisal, etc.). The primary benefit ... after which you save money with the refinance, say 20 months. Obviously, you’ll want to be confident [more...]
Date: 2008-12-18 11:53:02
4% Mortgages Just Around the Corner?
According to recent media reports , leading Senate Republicans are looking to spice up the economic stimulus plan by pushing 30 year mortgage ... for 2007-08-19 » Refinancing Our Mortgage » Weekly Roundup - 05/04/07 » Mortgage Refinance Rates [more...]
Date: 2009-02-01 18:13:09
The Home Front - Buyers Demand Quick Response from Agents
RISMEDIA, March 9, 2009-(MCT)-Real estate agents going into this new sales season without a BlackBerry, ... buying. Mortgage fraud targeted California’s district attorneys say they’ve been overrun by complaints of alleged mortgage fraud by mortgage brokers. So they’ve sponsored a bill to make [more...]
Date: 2009-03-08 18:05:00
On Dodd's VIP Countrywide Mortgages
On Dodd's VIP Countrywide Mortgages Class Warfare Department of All The Damn Gall Alchohol Chris Dodd Countrywide culture of corruption Mortgage ... that he would refinance the loans. But, please, pay no attention to this fact: "Jackie and Chris have "decided to refinance (their) homes", which seems unremarkable, given that they had an ARM that [more...]
Date: 2009-02-03 14:18:52
Socialism in One Sector--the Housing Sector
Glenn Hubbard and Charlie Mayer call for the effective nationalization of the mortgage finance sector: Low-Interest Mortgages Are the Answer: Recent news articles suggest that the Treasury Department is considering a plan to offer a 4.5% mortgage for home buyers for a period of time. Let's hope it does [more...]
Date: 2008-12-18 03:45:51
Help a Reader: Home Equity Loan to Fund Insurance
Here's a question I recently received from a reader: My basic question is: ... mortgage aggressively after recently transferring my car loan to it. I see that mortgage interests help ... was mainly taken due to its 3.9% rate for-life-of-the-balance to transfer my 2nd mortgage which [more...]
Date: 2009-02-10 20:45:00
Obama's Mortgage Rescue Plan: Easier To Judge the Pitch than the Policy
On Wednesday morning in Phoenix, President Barack Obama unveiled his $75 billion (and maybe more) home mortgage crisis plan. The package is a grab-bag of provisions. The main ones aim to refinance mortgages for 4 to 5 million "responsible homeowners," to set up a "stability initiative" to help 3 to 4 million "at-risk [more...]
Date: 2009-02-18 18:25:12
The Nitty Gritty of Obama's Mortgage Plan
The Nitty Gritty of Obama's Mortgage Plan — By Nick Baumann | Wed February 18, 2009 12:11 PM PST Speaking in Phoenix, Arizona on Wednesday, ... to refinance those mortgages. Previously, only borrowers who had at least 20 percent home equity could refinance. By refinancing at a lower rate, borrowers could save thousands of dollars annually [more...]
Date: 2009-02-18 20:11:32
Los Angeles Times Gets It Wrong On Mortgage Rates (Cuz They Ain't In Real Time)
Didjya ever pick up the Los Angeles Times to shop mortgage rates?That worked way back in 2000 before the internet grew up ... entering a loan request to the Zillow Mortgage Marketplace. There, lenders will size you up and compete ... , just a straightforward loan quote...from lots of lenders.You wouldn't wait for the Times to publish [more...]
Date: 2009-03-07 15:37:44
Link Dump
Farts are ALWAYS funny. The most valuable thing we have is time. Here are some great thoughts about how to value your time ... Plan is supposed to help up to 9 million people lower their mortgage payments. Answer a few questions to see if you may be eligible for mortgage relief. (via Fark) 7 Insane Military Attempts [more...]
Date: 2009-03-09 16:02:19
Tea Party Movement Growing
One common theme starting to percolate through the electorate is the resistance to any plans to bail out homeowners who got in over their heads ( ... and keeping up with their mortgage payments. As I proposed earlier, before a dime is considered ... up their end of the bargain: Bail Out The Good Home Owners, Let Them Spend Their Mortgage Payments [more...]
Date: 2009-03-08 16:16:07
One In Eight
by hilzoy Can this actually be true? "More Americans struggled to pay their mortgage bills in the fourth quarter of 2008. A record 5.4 million U.S. homeowners with a mortgage, or nearly 12%, were either behind on payments or in foreclosure at the end of last year, according to an industry survey [more...]
Date: 2009-03-06 03:44:47
The New York Times’s Rent-to-Own Loan [Math]
A debt-strapped New York Times has managed to mortgage its shiny new headquarters for a quick cash infusion of $225 million. But at what cost? ... serving as its transaction “partner.” (If by “partner” one means “loan shark.”) Lease payments start ... . But still, it’s a hefty rate. If it were a regular mortgage loan, we’d call it subprime. According [more...]
Date: 2009-03-09 20:28:30
Toll Brothers Mortgage Protection Plan Insures Homebuyers Against Job Loss
Most folks agree it’s a big mistake to let government run bailouts, banks, mortgage companies or even hot dog stands ... Coverage) to eligible home buyers who close and fund their loan with TBI Mortgage, a subsidiary of Toll [more...]
Date: 2009-03-08 14:36:13
Countrywide Scandal Causing Big Problems For Senator Dodd, But Why Not Senator Conrad?
According to Time , Senator Chris Dodd is suffering mightily in his home state of Connecticut thanks to his having taken sweetheart, ... last year that he received a sweetheart deal on his mortgage, saving upwards of $75,000 courtesy ... , who has allowed reporters limited access to his mortgage documents, denies he got any preferential treatment [more...]
Date: 2009-03-09 18:43:43
BOO-YAH! Jim Cramer Fires Back at Obama White House
Robert Gibbs is an epic fool whose fealty to his master, Obama, is more reminiscent of Ron Nessen each time he speaks. Read about it here: ... ... in the economy), tinkering with the mortgage deduction at a time when U.S. house price depreciation is behind ... there’s going to be some mortgage relief, but the way to approach that problem is to eliminate [more...]
Date: 2009-03-05 16:46:31
Sob: 1 In 5 Mortgages Are Underwater
From those spreaders of panic at Reuters: One in five U.S. mortgage borrowers are underwaterBy Jonathan Stempel Jonathan StempelNEW YORK (Reuters) ... time? For instance, once you drive your new car off the lot, isn’t it often worth less than ... From BlagoACORN: People Have A Right To HousingHow Many Did ACORN Trick Into Loans?ACORN Is Training [more...]
Date: 2009-03-04 16:43:43
Another Bailout Plan: Directly Bailout Homeowners
—Ace Actually, if you accept "bailout logic" at all, this makes the most sense and should have been done from the beginning ( ... credit and a mortgage can refinance at a new lower rate. Treasury Secretary Henry Paulson ... from there, trying to stabilize banks and inject capital to make up for bad mortgages? Why not just firm [more...]
Date: 2008-12-06 06:32:52
Obama and Bush: Different Objectives, Same Results
Michael Steinberg submits: President Bush thought common shareholders in financial institutions should be massacred to preserve Darwinistic ... in expanding mortgage modifications and refinancing, something Bush only paid lip service to. Both are pretending that they can hold down mortgage rates for a protracted period of time, and both [more...]
Date: 2009-03-08 21:35:16
The Goal Is Credit Restoration
by Jenice Q Zenbella Now that the requirement for obtaining a mortgage are tighter than ever before, it’s vital that you have a good credit score ... , an installment loan (a car loan, for instance) and if you can, a mortgage as well. When creditors see ... . You can repair your credit after making some financial missteps, but the best thing [more...]
Date: 2009-03-06 09:59:58
Apartment Finance - How About Some Good News?
Apartment finance is weathering the current credit crisis nicely compared to other sectors of the commercial mortgage business. For example, owner occupied conventional mortgages are experiencing significant restrictions and loan requests above 60% loan to value, that do not fit the SBA guidelines have few, if any [more...]
Date: 2009-03-07 19:33:52
We Can’t Borrow Our Way To Recovery
Rolfe Winkler explains why spending yet more money we don’t have isn’t going to help, and will probably end up hurting us very badly: ... % if mortgage rates get back to 8%.** Enough to wipe out a 20% downpayment made today and still leave the buyer upside down on his mortgage. Given the pile of Treasurys the Obama administration plans to dump [more...]
Date: 2009-03-10 19:15:56
Obama's Homeowner Stability Plan: How Helpful Will It Be?
Bullish Bankers submits: Last Wednesday, February 18th, President Obama presented his Homeowner Affordability and Stability Act ... to the historic low mortgage rates that are giving many folks the opportunity to refinance their mortgages to lower monthly payments. However, some owners are not able to refinance due to current rules [more...]
Date: 2009-03-08 13:15:18
In The News Today
Dear CIGAs, $9.5 trillion of bailout money is enough to pay off every mortgage in the USA or write a check to every person on the planet for $1400 ... with mortgages, a record share, ended 2008 behind on their loan payments or in the foreclosure process ... with lower credit quality. As joblessness grew, so did late payments on prime fixed-rate loans [more...]
Date: 2009-03-06 21:29:27
Next Big Thing: In Home Advertising?
Advertising inside our homes? As crazy as it sounds, it may be a future outlet for marketers, and a revenue source for homeowners ... on information from lease and mortgage applications. Body-heat sensors, retina readers and activity ... , in exchange for 10 percent off the rent or mortgage or half-price utilities and free WiFi. Times [more...]
Date: 2009-03-09 17:53:46
Frank Monstrosities
Barney Frank is in the news. As is typically the case with "Frank News", Barney is throwing stones in the wrong direction ... of securitization” must be curtailed by lawmakers to prohibit banks and mortgage lenders from shifting ... from practices “harmful” to consumers. The mortgage bill will be designed to “rein in the abusive [more...]
Date: 2009-03-05 22:09:00
2% x 40 Yr Mortgages: Call 1-800-Tax Payr
Too bad I'm not in that business, what an ad campaign one could have with this. What am I saying? Every taxpayer is a mortgage lender now ... of the loan can be extended to a maximum of 40 years.The home must be a primary residence (verified with tax return, credit report, and other documentation such as a utility bill). The home may [more...]
Date: 2009-03-04 19:21:26
Background briefing on Obama mortgage foreclosure rescue plan
WASHINGTON--There are a lot of elements to the Obama mortgage foreclosure plan unveiled on Wednesday ... to strengthen our financial system, to make sure it's providing the credit necessary to spur recovery. You're ... direct support for the credit markets that are so important to small businesses lending, to consumer [more...]
Date: 2009-02-19 13:44:54
Government's new 5-year ARM at 2 percent
Details of the Treasury Department's Homeowner Affordability and Stability Plan were announced today ... affordability level (specifically, bring down rates so that the borrower's monthly mortgage payment ... to these affordability targets through reducing the amount of mortgage principal. The initiative [more...]
Date: 2009-03-04 16:29:00
Widespread Mortgage Refinance (Good Credit Doesn’t Pay)
Mine won’t be one of the three million mortgages expected to get a new deal via The Bailout. A little over five years ago my husband was transferred to a new city. We traveled to the new location to find a house, found a nice place in a good neighborhood with bedrooms for each kid, [more...]
Date: 2008-10-30 13:35:53
Socialism Is Everywhere
by hilzoy In a stunning reversal, John McCain today endorsed the redistribution of wealth: " ... do, and that's go in and buy out these bad mortgages, give people mortgages they can afford, stabilize home values and start them back up again. They did that during the depression, it was called the Home Owners' Loan [more...]
Date: 2008-10-29 05:48:29
I'd like to refinance, please.
In one of the stupidest wastes of Treasury monies this month—a major accomplishment, though AIG hasn't hit the trough again yet, so there might be hope—the Treasury wants to subsidize new mortgages (link to CR):Under the plan, Treasury would buy securities underpinning loans guaranteed by the two mortgage giants, [more...]
Date: 2008-12-03 22:44:00
Some Mortgage Borrowers Immediately Default
In the past year, the number of borrowers who failed to make more than a single payment before defaulting on Federal Housing Administration-backed mortgages has nearly tripled, far outpacing the agency's overall growth in new loans, according to a Washington Post analysis of federal data. If a loan "is going into default immediately [more...]
Date: 2009-03-09 19:32:13
The <i>New York Times</i>'s Rent-to-Own Loan [Math]
A debt-strapped New York Times has managed to mortgage its shiny new headquarters for a quick cash infusion of $225 million. But at what cost? ... serving as its transaction "partner." (If by "partner" one means "loan shark.") Lease payments start ... . But still, it's a hefty rate. If it were a regular mortgage loan, we'd call it subprime. According [more...]
Date: 2009-03-09 20:28:30
National Explainer: A Job for Journalists on the Demand Side of News
PrintThis American Life's great mortgage crisis explainer, The Giant Pool of Money, suggests that "information" and "explanation" ... journalism I have ever heard. I listened to it on a long car trip when everyone else was sleeping. Going in to the program, I didn’t understand the mortgage mess one bit: subprime loans were ruining [more...]
Date: 2008-08-13 16:18:33
Minnesota Mortgages Now Under Sharia Law
The Bismarck Tribune : MINNEAPOLIS - For many Minnesota Muslims, it’s been virtually impossible to buy a home, ... is the first home buyer to get a loan through the state’s New Markets Mortgage Program. That’s because, program ... for quite a while; he took care of his credit; he had the right size family [more...]
Date: 2009-03-08 19:32:22
Ohio Decides Case Against Race Notice Rule
Printed with Permission from Robert Franco, Source of Title”It is every title agent’s worst nightmare - a valid second mortgage is missed and the first mortgage is refinanced without paying it off. Then, the new mortgagee forecloses and discovers that its lien may be in second place [more...]
Date: 2009-03-09 20:39:11
Why Felix Should Walk Away
"Felix" means lucky, in Latin. But this Felix hasn't had much luck: after investing a whopping 50% downpayment into his $600, ... outstanding on his mortgage has ballooned to $350,000, putting him among the 8.3 million Americans ... means that the lender, was fully aware from day one that if the value of the mortgage ever exceeded [more...]
Date: 2009-03-05 19:51:30
1 -
50
of
572
Posts
Page:
First
| <
Preceding
|
Next
>
0
|
1
|
2
