 Home Equity Lines Of Credit: The Next Looming Disaster?
Tue, 07 Sep 2010 05:33:47 -0700
In a previous REAL ESTATE CHANNEL article , I discussed the madness of borrowing through home equity lines of credit (HELOC) during the bubble years. Now is a good time to take an in-depth look at these second liens and the dangers they pose for the housing market and the large banks.
More People Going With 15-Year Home Loan
Tue, 07 Sep 2010 16:01:17 -0700
CLEAR LAKE, IA - People looking to buy a home or refinance an existing mortgage are opting for a shorter loan. During the first six months of 2010, 26 percent of homeowners who refinanced chose a 15-year fixed rate mortgage. Thats compared to just 18.5 percent in all of 2009.
DBP approves P5 billion term loan for Globe Telecom
Tue, 07 Sep 2010 08:54:09 -0700
The Development Bank of the Philippines (DBP) has approved a P5-billion term loan facility to telecom giant Globe Telecom to support the companys financial requirements for 2010.
A reward for responsible homeowners
Tue, 07 Sep 2010 05:18:51 -0700
The government has bailed out Wall Street firms, giant banks, creditors of Fannie Mae and Freddie Mac -- and is trying to bail out people whove defaulted or are about to default on their mortgages. But lets say youre a hardworking family that has done nothing wrong except buy a home when the housing bubble was at its peak a few years ago. Your mortgage is now way underwater, but youre still ...
Why Homes Arent Affordable Yet
Tue, 07 Sep 2010 08:44:27 -0700
While the Obama administrations "Making Home Affordable" program has been firing its gun at the housing crisis for over a year, it hasnt yet found the magic bullet: Jobs.
Consumer Loan Rates
Sun, 05 Sep 2010 04:12:33 -0700
Springfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat.
Equity in home doesnt guarantee positive net worth
Sun, 05 Sep 2010 01:22:51 -0700
I have my own spin to put on the news that sales of existing homes plunged 27 percent in July: Stop thinking of your home as your cash cow.
HUD Shares Plans for New Reverse Mortgage Option
Mon, 06 Sep 2010 11:08:41 -0700
RISMEDIA, September 7, 2010-The Federal Housing Administration (FHA) announced that it intends to make modifications to its Home Equity Conversion Mortgage (HECM) product, a reverse mortgage loan insured by the federal government, to make it more attractive and cost effective…
Company Profile: Bank of America Home Loans Works with Real Estate Professionals to Offer Buyers a Better Purchase ...
Mon, 06 Sep 2010 11:23:43 -0700
RISMEDIA, September 7, 2010-The housing market is showing signs of life. Historically low interest rates and greater home affordability in many areas are beginning to attract prospective home buyers to the market. And with a slow yet steady economic recovery,…
The Treasurys New Research Office
Tue, 07 Sep 2010 05:08:41 -0700
Dont expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the ...
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