Category Archives: Uncategorized

Republicans Talking Bailout

From the LAT: News item: Republican Sen. Kit Bond of Missouri (pictured) today proposed a $10 billion-plus housing bailout plan that includes $15,000 tax credits for buyers of foreclosed homes and tax breaks for mortgage companies that have lost money … Continue reading

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Refinancing Large Mortgages

Michael Coit writes for the Santa Rosa Press Democrat that the Federal Housing Administration will temporarily guarantee mortgages as large as $662,500, almost double the size it currently insures. The higher loan caps should help lower the cost of buying … Continue reading

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Debt Outpacing Home Value

The San Jose Mercury News reports that 8.8 million homeowners owe more than their house is worth. For the first time since the Federal Reserve started tracking the data in 1945, the amount of debt tied up in American homes … Continue reading

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Mortgage Limits Lifted

The Boston Globe reports that Uncle Sam will allow people to borrow more than half a million dollars at low interest rates to buy a home or to refinance. Mortgage companies will make the loans. The government will promise to … Continue reading

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Refinance Rush In Australia

Laine Lister writes that about 40 per cent of Australia’s February mortgages were for refinancing. “People with loans are seeking assistance in weathering the storm by refinancing or locking rates.” In the past, lower and middle property markets were those … Continue reading

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