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Mortgage news Are New Mortgages Right For You?
Are New Mortgages Right For You? “Guarding Your Wealth” is a nationally syndicated weekly personal finance column written by Jeffrey D. Voudrie, CFP. Mr. Voudrie is the President of Legacy Planning Group, a private wealth management firm that employs sophisticated proprietary strategies designed to protect and grow its clients' investments. Please visit our website, www.guardingyourwealth.com to read past articles in our archive. (PRWEB) September 26, 2005 -- ... Readers Expose Mortgage Schemes
Readers Expose Mortgage Schemes “Guarding Your Wealth” is a nationally syndicated weekly personal finance column written by Jeffrey D. Voudrie, CFP. Mr. Voudrie is the President of Legacy Planning Group, a private wealth management firm that employs sophisticated proprietary strategies designed to protect and grow its clients' investments. Please visit our website, guardingyourwealth.com to read past articles in our archive. (PRWEB) October 11, 2005 -- Getting a new ... Mortgage lenders wary of risky loans
Mortgage lenders wary of risky loans By James Temple CONTRA COSTA TIMES After years of easing credit standards, some mortgage lenders are becoming more cautious, raising the rates on the riskiest home loans and scrutinizing deals more carefully. The moves, which suggest lenders are worried about mounting credit risk, threaten to shrink the buying power that has turbocharged the housing market. They could also, however, protect consumers ... LOCAL ECONOMY: Investors watch foreclosure rate
LOCAL ECONOMY: Investors watch foreclosure rate Some homeowners may have trouble if interest rates rise, observers say By HUBBLE SMITH REVIEW-JOURNAL Click image for enlargement. When it comes to defaulting on home mortgage loans, one person's misfortune can be another person's fortune. Even in a hot housing market like Las Vegas, in which investors and speculators have driven the median home price to ... INVESTMENT INSIGHTS: Investing in collateralized mortgage obligations
INVESTMENT INSIGHTS: Investing in collateralized mortgage obligations By David Meyer Special to the Citizen-Times published: September 25, 2005 6:00 am While you may not consider yourself an "investor" in the Wall Street sense of the word, if you own your own home you already have a stake in what is widely considered one of your best investments. By making your monthly mortgage payments, you're building equity in your home. But while you may already be ... By Dampening Mortgage Rates, Katrina Might Feed Housing Boom
By Dampening Mortgage Rates, Katrina Might Feed Housing Boom September 25, 2005 By JAMIE SMITH HOPKINS Hurricane Katrina's reverberations could help sustain the nation's housing boom, stretching out the strong market by keeping borrowing costs low, experts say. The National Association of Realtors altered its forecast this month to predict 130,000 additional home sales next year because it expects the hurricane to slow the economy and prevent long-term interest rates ... Over 1/3 of Borrowers Opt For "Creative" Loans
Over 1/3 of Borrowers Opt For "Creative" Loans Monday, September 25, 2005 - ROCHESTER, N.Y., -- A new Wall Street Journal Online/Harris Interactive Personal Finance Poll finds that nearly one in five (19%) U.S. adults who purchased a home within the last three years for their primary residence say they spent above their suggested price range, while two-thirds (67%) stayed within their price range and 2% were below their price range. When obtaining a mortgage ... Like Ike photo, REIT investors still smiling
By David Hoffman September 19, 2005 NEW YORK - It should come as no surprise that former President Dwight D. Eisenhower last week was depicted in a print advertisement smiling. The ad was funded by the Washington-based National Association of Real Estate Investment Trusts in recognition of the 45th anniversary of the law creating REITs, which he signed into being. The ad ran in The Washington Post and other publications in the nation's capital last ... Mortgage REITs cut dividends
Kathleen Pender Tuesday, September 20, 2005 Few investors have more riding on the Federal Reserve's interest-rate decision today -- and the next few to follow -- than shareholders of real estate investment trusts that borrow to buy securities backed by residential mortgages. Many of these so-called mortgage REITs have been clobbered by the triple whammy of higher short-term rates, falling long-term rates and a continuing wave of mortgage prepayments. Will creative financing behind California housing boom last?
Will creative financing behind California housing boom last? ANDREW LePAGE (Sacramento Bee) SACRAMENTO, Calif. -- Until recently Michelle Hupton figured you had to have money in the bank to buy a house. Then a mortgage broker got Hupton and her fiance financing with nothing down and interest-only payments for two years. The couple, who together earn about $100,000 as restaurant managers, wound up with a $385,000 ranch near Folsom, ... California Mortgage Defaults Poised to Rise
ForeclosureS.com: California Mortgage Defaults Poised to Rise SACRAMENTO, Calif.--(BUSINESS WIRE)--Sept. 19, 2005--Northern California-based ForeclosureS.com, an investment advisory firm specializing in distressed property, reported today the shift from a seller's market to a buyer's market could lead to an increase in mortgage defaults in the last quarter of 2005 and continue into 2006. Alexis McGee, president of ForeclosureS.com, said that the ... Fannie Mae Announces Mortgage Relief for Hurricane Katrina Victims
Fannie Mae Announces Mortgage Relief for Hurricane Katrina Victims RISMEDIA, Aug. 30, 2005 — Fannie Mae (NYSE:FNM) has mortgage relief provisions in place for borrowers in Mississippi, Louisiana, Alabama, Florida and other states facing hardships as a result of widespread damage caused by Hurricane Katrina. With Fannie Mae's disaster relief provisions, lenders help borrowers in several ways, including suspending mortgage payments for up to three months, reducing ... Shopping for A Mortgage? Do Your Homework First
If you happen to be shopping around for a mortgage, it is very important that you first take the necessary time to do your homework. When I say homework, I am talking about research. There are so many loan programs out there that it is easy to get lost in all of the mortgage jargon that people in the industry love to use on you. Not to mention of all of the paperwork. By the time you get to the table, you will have a mound of paperwork approximately six inches high filled with ... Shopping for a Mortgage, Avoid Three Common Mistakes
Buying a home or refinancing one is perhaps the largest financial transaction you will ever make in your life, so you want to be sure to avoid any mistakes that may cost you in the long run. When you are deciding on a mortgage, you certainly don’t want to make your decision by flipping a coin. You will have to do as much research as you possibly can, so that you will understand all of the jargon the people in the mortgage industry will throw at you. Here ... Bad Credit Mortgage Refinance - Should I, Shouldn't I?
It is a common financial scenario across households in the Western world. Multiple debts have started to build up: a car loan here, a department store loan there; a bank loan here and several credit cards there. While all may have seemed manageable on the optimistic day you took them out, or spent on them, suddenly you realise that you cannot keep up with the monthly payments. You miss out on a payment or two, and suddenly you have a bad credit record. A few more missed payments and you start ... |
On the web: Mortgage fraud incidents up 45 pct in 2Q (AP via Yahoo! News)Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed. Mortgage fraud, late payments rising (San Francisco Chronicle)Both mortgage fraud and late payments are rising substantially, according to separate reports this week. The percentage of people who are two months behind on mortgage payments shot up in the third quarter from the same period last year, according to credit... Investor Sues to Block Mortgage Modifications (BusinessWeek Online via Yahoo! News)The battle over the mass modifications of troubled mortgages has begun in earnest. On Dec. 1, William Frey, a private investor in mortgage-backed securities, filed a lawsuit in New York State Supreme Court alleging that the proposed modification of some 400,000 home loans originally underwritten by the defunct lender Countrywide Financial is illegal. Unicredit offers mortgage relief in Italy (AP via Yahoo! News)Italy's largest bank Unicredit said Tuesday it will suspend mortgage payment requirements for 12 months without penalties for homeowners in financial difficulty. Lehman Japan to Sell $6 Billion in Mortgage Assets, Nikkei Says (Bloomberg)Dec. 2 (Bloomberg) -- Lehman Brothers Holdings Inc.'s Japan units may sell as much as 600 billion yen ($6.4 billion) in mortgage assets by the end of March, Nikkei English News reported, without saying where it got the information. Qld bans banks' mortgage fire sales (AAP via Yahoo!7 News)Lenders have been banned from conducting mortgage fire sales in Queensland in a move expected to protect the growing number of defaulting homeowners. Mortgage Fraud Rises (The Tampa Tribune)In a state that leads the nation in mortgage fraud, Tampa had the second-most cases of suspicious loan activity of any Florida city, according to a report released Tuesday from the Reston, Va.-based Mortgage Asset Research Institute. SEC May Curb Credit-Rating Conflicts, Delay New Mortgage Grades (Bloomberg)Dec. 2 (Bloomberg) -- The U.S. Securities and Exchange Commission may act to curb conflicts of interest at credit-rating companies while delaying a mortgage-bond ranking proposal faulted by underwriters, two people familiar with the matter said. Lenders' mortgage rationing claim (BBC News)Mortgage rationing is set to become more severe in 2009 without government action, a lenders' group warns. FDIC's Bair: Hopeful Obama will support her mortgage plan (Market Watch)Federal Deposit Insurance Corporation chairwoman Sheila Bair says she hopes the Obama administration will support a mortgage foreclosure mitigation plan she introduced last month. |
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