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Saving Homes With a New Bankruptcy Rule
Backers call it the crucial missing tool needed to get us out of the national foreclosure morass. More: continued here
Continue reading...How the Rescue Affects Homeowners
4. April 2009
Whether you see it as an exorbitantly costly taxpayer bailout of Wall Street and the banks or you’re cheering from the sidelines, you can agree: The new federal moves to rescue the mortgage system could have huge effects on consumers in the months ahead. More: continued here
Continue reading...A New Way to Tap Home Equity
4. April 2009
Improbable as it sounds at a time when U.S. homeowners have lost billions of dollars in equity, an industry is taking shape to help them tap portions of their equity wealth without incurring traditional mortgage debt or making interest payments. More: continued here
Continue reading...Fewer Loans, But Still More Fraud
4. April 2009
You might assume that with home purchases and new mortgage volume off by 30 percent or more in many markets in the past year, loan fraud would be down as well. More: continued here Powered by SmartRSS
Continue reading...Looser Credit on the Way In ‘Declining’ Markets?
4. April 2009
Could the mortgage industry scrap its controversial practice of listing hundreds of local real estate markets as “declining” — and restricting lending there through higher down payments or credit scores? More: continued here
Continue reading...Help for Homeowners Hangs in the Balance
4. April 2009
Congress left town for the July 4 recess with a half-baked cake in its legislative oven — one that has huge potential significance for the housing and mortgage markets. The relief package left unfinished is designed to help hundreds of thousands of homeowners heading for foreclosure, pull buyers back into the real estate market, and [...]
Continue reading...In Falling-Rate Limbo
4. April 2009
Could a 4.5 percent mortgage be your personal piece of the bailout pie? More: continued here
Continue reading...Restrictions Are the Rule For All Sorts of Once-Easy Credit
4. April 2009
Like a spreading infection, restrictions on credit are moving into new and more specialized niches of the mortgage market. More: continued here
Continue reading...Will Obama Bring Back ‘Buy-Downs’?
4. April 2009
What will it take to get people off the sidelines to buy houses and help stimulate the economy? More: continued here
Continue reading...Surrounded by Ruins, Mortgage Market Remains Intact
4. April 2009
Everybody knows how severe and painful the global financial breakdown has been, with banks unwilling to lend even to other banks. But what about mortgages and real estate? Can you still get a home loan with less than 20 percent or 30 percent down? Or with a credit score below 720? More: continued here [...]
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4. April 2009
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