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HOUSING PRICES ARE STABILIZING: Um, not exactlyOpEdNewsThat's going to push down prices and wipe out whatever equity you've managed to gain by making your mortgage payments. Now, take a look at this excerpt from an article in OCHousing News: "Lenders hope they can solve all their problems by making the ...and more » |
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Brazilian homebuilders turn to private-equityBrazil PropertyTo make things even more complicated, the levels of lending for loans to buy houses rose by 32 per cent to 11.6 billion reais, according to Abecip, the Brazil mortgage lenders association. Guilherme Rocha, an analyst with Credit Suisse Group AG, ...and more » |
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The Case for RefinancingMortgage Daily... of the mortgage and not increase the payment or to tap into the equity accumulated in your house and keep your payments the same. Hein said the basic value of refinancing is lowering the interest payment on a loan, which lowers the monthly payment.and more » |
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Credit Union Merger Expands Benefits for Realtors(R)MarketWatch (press release)Effective immediately, Realtors(R) FCU members will be able to take advantage of NWFCU's full suite of consumer and mortgage loan offerings, including student loans, vehicle loans, first mortgage loans, home equity loans, as well as business loans and ...and more » |
 BankInfoSecurity.com |
5 Plead Guilty to Mortgage SchemeBankInfoSecurity.comOn May 18, five defendants pleaded guilty in US District Court to engaging in a conspiracy to defraud financial institutions into making fraudulent mortgage loans. The scheme, which allegedly involved a mortgage broker, an unqualified buyer, ...and more » |
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Ashburn Resident Pleas in Mortgage ScamPatch.comThe release also described an alleged conspiracy in which more than $1.5 million in loans were obtained—a $1.2 million mortgage and a $350000 home equity loan—resulting more than $700000 in losses to the lenders. The indictment alleges that the ...and more » |
 Mortgage Introducer |
Pensioners own £743bn in propertyMortgage IntroducerA third of property equity is owned by pensioners in London and the South East of England. In London over-65s own property without any mortgages worth £125bn while in the South East pensioners own £122bn of property without mortgages.and more » |
 Mortgage Strategy |
Escape routeMortgage StrategyMany existing borrowers are trapped on their mortgage by tighter lending criteria, interest-only restrictions and falling house prices. Our experts try to find ways out for them Interest rates remaining at 0.5% for more than three years has left many ...and more » |
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When Does It Make Sense to Refinance?Marketwire (press release)"Many borrowers have the opportunity to reduce mortgage payments at a time when expenses such as gas and healthcare are rising," said Ray Brousseau, executive vice president of Carrington Mortgage Services, a lender in 40 states and the District of ...and more » |
December 4, 2008
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