Loan News

5 Secrets To Success When Getting a Mortgage

Fri, 12 Mar 2010 00:04:29 +0000

Getting a mortgage doesn’t have to be difficult… well, okay – possibly it is not as easy as it was a few years ago to get a loan. But there are still things that you can do to produce it as easy as possible.
Here are some simple things that you can do to construct it easier to get …

Uncategorized

Government’s Refinance Program Gets an Extension

Wed, 03 Mar 2010 21:15:15 +0000

Still looking for help with your mortgage loan? The government has extended its Home Affordable Refinance Program for another year. The refinance program was set to expire in June, but the Obama administration hopes that a larger chunk of distressed homeowners can be helped.
Originally the gover…

Uncategorized

No, No, No, Yes.

Fri, 26 Feb 2010 12:21:07 +0000

I live in Arizona and pretty much every home within a 2 square mile radius of my home has dropped 50-60% in value since 2006.
Which means terms like loan modification, short sales and foreclosure pretty much dominate every neighborhood bar b q party at the local park.
Recently, I was at a neighborho…

Foreclosure

Stated Income Loans: The Unexpected Victims

Mon, 22 Feb 2010 03:03:34 +0000

It wasn’t all that lengthy ago that a busboy could walk into a mortgage lender, say he made $100,000 per year and get a home loan based on that number.
The loan programs that were available had all different kinds of names, but they all pretty much did the same thing — allow public to ge…

Lenders

Mortgage Loan Delinquencies Drop

Sun, 21 Feb 2010 20:30:55 +0000

The percentage of mortgage loans that were delinquent at the end of the fourth quarter 2009 fell to a seasonally adjusted rate of 9.47% from 9.64% the previous quarter, according to the Mortgage Bankers Association (MBA). The notes seem to indicate that fewer homeowners are getting behind on mortg…

Uncategorized

Florida Countrywide Settlement Means Checks To Homeowners

Wed, 17 Feb 2010 09:49:16 +0000

Here is the first thing like that I have seen – but possibly not the last:
Approximately 2,700 homeowners who had a loan with Countrywide are getting a check for just over$6,000 and total nearly $17 million as a aftermath of a settlement with the Florida Attorney Generals office.
According t…

Lenders

Will Interest Rates Jump When The Fed Quits Buying Mortgage Bonds?

Tue, 16 Feb 2010 13:20:57 +0000

By now, hopefully everyone knows that mortgage rates are not determined by the Federal Funds rate – they are determined by the market of buying and selling mortgage bonds.
If you still think that Ben Bernanke sets the mortgage rates by announcing the Fed has raised or lowered interest rates…

mortgage rates

FHA Loan Defaults Exceed 9%

Wed, 10 Feb 2010 01:24:25 +0000

When house prices drop, falling values have ripple effects on the economy. Jobs are lost, credit becomes difficult to obtain and society are forced to manufacture solid decisions regarding what monthly bills they can afford to pay.
And increasingly, it appears as whether many society are opting to n…

FHA

Home Builders Cut Prices to Woo Customers

Wed, 03 Feb 2010 23:00:51 +0000

Home builders are cutting prices on new homes to entice buyers. New construction accounted for 7.6% of home purchases last year, down from an average of about 16% over the past 20 years, according to an write-up in the Wall Street Journal.
Home builders have been hit hard by the recession as many…

Foreclosure

Which Celebrity Would You Want as a Next Door Neighbor?

Tue, 26 Jan 2010 23:18:24 +0000

A recent survey found that more society would want to be neighbors with President Barack Obama and his family than any other celebrity. The Zillow Celebrity Neighbor Survey found that 14% of U.S. adults would prefer to live next to the Obamas. Other celebrities that were voted as desirable neig…

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