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5 states rush plans for $1.5B in housing funds – San Jose Mercury News
TopNews United Kingdom (blog) 5 states rush plans for $1.5B in housing funds San Jose Mercury News They also could help those unable to refinance because plunging home values have left them “underwater,” or give relief from second mortgage payments. … Paying homeowners to leave Omaha... [Read more]
Mortgage bond money in demand – TMCnet
Mortgage bond money in demand TMCnet At the end of last week, $11 million of the mortgage money was still available, according to the El Paso Housing Fiance Corp., an independent agency created … and more Read More →
Underwater homeowners leave behind mortgages, but lenders can still come calling – Las Vegas Review – Journal
ABC News Underwater homeowners leave behind mortgages, but lenders can still come calling Las Vegas Review – Journal They haven't paid their $2400 monthly mortgage payment since October after failing to get a loan modification. Both have taken cuts in income. … Borrowers in foreclosure... [Read more]
More consumers pay credit card, but not mortgage (The Scranton Times-Tribune)
U.S. See the rest here: More consumers pay credit card, but not mortgage (The Scranton Times-Tribune) Read More →
Goverment mortgage plan aids 16 percent of borrowers (Eaton Rapids Community News)
WASHINGTON — The Obama administration’s mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, and hundreds of thousands of homeowners are in limbo without an answer. Read this article: Goverment mortgage plan aids 16 percent of borrowers... [Read more]
HUD assistant secretary says agency won’t raise FHA borrowing score – Denver Post
eCreditDaily.com HUD assistant secretary says agency won't raise FHA borrowing score Denver Post Stevens, who last month addressed a group of Colorado mortgage brokers, said the agency faces ongoing pressure to raise the minimum FICO score for FHA … Mortgage Q&A: FHA loans attractive... [Read more]
GMAC’s mortgage arm will be tough to unload (Detroit Free Press)
ResCap, the mortgage lending subsidiary of GMAC, “has been a millstone around the company’s neck” in the words of GMAC Chief Executive Michael Carpenter. But disposing of ResCap without crippling GMAC’s automotive lending business or adding to GMAC’s $17.2-billion debt to... [Read more]
Will mortgage rates rise? Fed action only part of the picture (Everett Herald)
Question: We have been hearing that mortgage rates will go up after March 31st because the Federal Reserve will stop buying mortgage bonds. Is this true? How does that work? Read the original post: Will mortgage rates rise? Fed action only part of the picture (Everett Herald) Read More →
Will mortgage rates rise? Fed action only part of the picture – HeraldNet
Will mortgage rates rise? Follow this link: Will mortgage rates rise? Fed action only part of the picture – HeraldNet Read More →
Ten Facts about Mortgage Debt Forgiveness – eMilitary.org
Ten Facts about Mortgage Debt Forgiveness eMilitary.org If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt … and more Read More →
More consumers pay credit card, but not mortgage (St. Louis Post-Dispatch)
CHICAGO — U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit-card obligations. But an alarming trend is emerging: A small but growing number of people are skipping mortgage payments in favor of paying their credit card bills. More here: More... [Read more]
Realities of Real Estate: Federal homeowner assistance programs – Annapolis Capital
ABC News Realities of Real Estate: Federal homeowner assistance programs Annapolis Capital As you might expect, the mortgage industry balked at giving judges such control over their mortgage investments. Consequently, this aspect of the bill was … Borrowers in foreclosure prevention plan losing... [Read more]
‘Mortgage Financing Risks High Inflation’ (This Day)
Management of Diamond Bank Plc has said the rising inflationary rate in the country is having adverse impact on the operations of mortgage business. View post: ‘Mortgage Financing Risks High Inflation’ (This Day) Read More →
Bill Jamieson: Renewed worries for UK housing market as mortgage funding dries up – Scotsman
The Guardian Bill Jamieson: Renewed worries for UK housing market as mortgage funding dries up Scotsman WITH an election just weeks away, it is remarkable that very little has yet been said by the main parties on the state of the UK mortgage … Mortgage lending dives after end of stamp duty holiday... [Read more]
Bill Jamieson: Renewed worries for UK housing market as mortgage funding dries up (Scotland on Sunday)
WITH an election just weeks away, it is remarkable that very little has yet been said by the main parties on the state of the UK mortgage and housing market. It is an eerie silence, and one I do not expect to last once the election campaign proper gets under way. See the article here: Bill Jamieson:... [Read more]
Bill Jamieson: Renewed worries for UK housing market as mortgage funding dries up (The Scotsman: Business)
WITH an election just weeks away, it is remarkable that very little has yet been said by the main parties on the state of the UK mortgage and housing market. It is an eerie si Excerpt from: Bill Jamieson: Renewed worries for UK housing market as mortgage funding dries up (The Scotsman: Business) Read More →
Mortgage Deals Increase, But Many Disqualify For Lack Of Documents – HULIQ
ABC News Mortgage Deals Increase, But Many Disqualify For Lack Of Documents HULIQ The numbers show that efforts have not been fruitless, with more than $1.3 million homeowners receiving mortgage deals such as trial modifications and … Borrowers in foreclosure prevention plan losing mortgage aid... [Read more]
Bank of America Refinance Mortgage Rates – Home Loans Stable Before Fed Moves – Subprime Blogger (blog)
MiamiHerald.com Bank of America Refinance Mortgage Rates – Home Loans Stable Before Fed Moves Subprime Blogger (blog) Bank of America refinance mortgage rates have been very stable for much of 2010 coming in between 4.7% and 5% for the entire year. … Mortgage rates stay below 5% Bizjournals.com... [Read more]
Mortgage rate remains below 5 percent mark – istockAnalyst.com (press release)
Mortgage rate remains below 5 percent mark istockAnalyst.com (press release) (Source: Tulsa World)The nation's benchmark mortgage rate is below 5 percent for the second straight week. The average 30-year, fixed-rate home loan is … Mortgage Rates Still Below 5% Mindful Money Matters Home-equity... [Read more]
Streamline Mortgage Refinance – FHA Home Refinance – BatchBuzz (satire)
Inman.com Streamline Mortgage Refinance – FHA Home Refinance BatchBuzz (satire) Getting you a streamline mortgage refinance will allow the lender to produce a nominal amount of documentation and underwriting, as opposed to a normal … Industry Urges House Lawmakers to Reform FHA Housing Wire... [Read more]
Colo. Senate backs shift in oversight of mortgage lenders (Denver Post)
The Colorado Senate approved an amendment to a mortgage regulation bill Friday that would strip Division of Real Estate Director Erin Toll of her authority to regulate mortgage lenders and replace it with a board to be appointed by the governor. See original here: Colo. Senate backs shift in oversight... [Read more]
Time to buy house may have arrived – NewsOK.com
UPI.com Time to buy house may have arrived NewsOK.com So, here are some factors for buyers and sellers to consider: • Mortgage rates are blissfully low, and that may not last. The rate on a 30-year mortgage … The Going Gets Tougher New York Times Mortgage Credit Guarantors Swamped by Losses... [Read more]
