Monthly Archives: November 2010

Cheap Money If You Can Get It!

Mortgage rates are lower than ever but only those with sterling credit and big down payments can get mortgages and refinancing these days. Interest rates are at record lows, but credit card interest rates start around 12% and only get … Continue reading

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Reduced Consumers Choices For Mortgages

After taking huge losses in mortgage lending, various banks are getting out of the game. Bank of the America is the latest bank to reduce operations. It doesn’t seem like anyone wants to lend money anymore unless it is to … Continue reading

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Mortgage-Backed Securities

Until 2006, the mortgage business was the most reliable business in America for more than a hundred years. Then it all went to hell. Stocks and bonds and banks backed by mortgages suffered huge losses. The NYT reports: While much … Continue reading

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Foreclosure Procedures

This is the most written about and analyzed mortgage-related news story of the past month. Several big banks suspended their foreclosure operations to investigate how they were doing things. Federal bank regulators are taking a close look as well at … Continue reading

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