Question: I read your column last Sunday where you said home values will probably fall another 5 percent to 10 percent next year. That’s bad news to us since our home value is already less than our total mortgage balance. We bought our home two years ago with a zero-down loan.
More: continued here
November 16 2008 | Home Loan Mortgage Blog | No Comments »
What will it take to get consumers off the sidelines to buy more houses and help stimulate the economy? How about a mortgage at a 2.99 percent fixed rate for 30 years for anyone who purchases a home before next July 1? Or how about a non-repayable federal tax credit of 10 percent of the home price up to $22,000?
More: continued here
November 16 2008 | Home Loan Mortgage Blog | No Comments »
On Thursday, November 20 at 7:00 PM, The Mortgage Modification Legal Network will hold a seminar on
More: continued here
November 15 2008 | Home Loan Mortgage Blog | No Comments »
There were preliminary indications yesterday that residential mortgage rates could be drifting lower after Bank of Montreal announced a “special” offer of 5.25 per cent on its benchmark five-year, fixed-rate home loan.
More: continued here
November 15 2008 | Home Loan Mortgage Blog | No Comments »
The federal agency that insures most U.S. bank deposits unveiled a plan to prevent about 1.5 million home mortgage foreclosures by promising to share any losses with mortgage companies that agree to refinance certain home loans.
More: continued here
November 14 2008 | Home Loan Mortgage Blog | No Comments »
There were early indications this afternoon that residential mortgage rates are drifting lower for consumers after Bank of Montreal announced a “special” offer of 5.25 per cent on its benchmark five-year, fixed-rate home loan.
More: continued here
November 14 2008 | Home Loan Mortgage Blog | No Comments »
Barclays has launched a one-year fixed rate mortgage at below 4% as the cost of wholesale funding continues to fall. The group, which lends under the Woolwich brand, is offering a one-year fixed rate deal of 3.99%, after which borrowers will switch to a lifetime tracker of 1.99% above the base rate.
More: continued here
November 13 2008 | Home Loan Mortgage Blog | No Comments »
Banks and building societies came under fire yesterday for increasing their ‘tracker’ mortgage rates by a record amount even though the Bank of England cut its rate.
More: continued here
November 12 2008 | Home Loan Mortgage Blog | No Comments »
Lenders and mortgage brokers will have to provide U.S. home buyers clearer information about loan terms and closing costs under guidelines issued today by the U.S. Department of Housing and Urban Development.
More: continued here
November 12 2008 | Home Loan Mortgage Blog | No Comments »
Citigroup said Tuesday it was placing a moratorium on foreclosures for most home loan borrowers, and that it would work with some 500,000 stretched mortgage customers to help them keep their homes.
More: continued here
November 11 2008 | Home Loan Mortgage Blog | No Comments »