Tag Archives: home loans

Think The Housing Market Is Getting Stronger?

Most evidence says yes, the housing market is getting better, but many signals are still negative. Mortgage delinquencies are up. From the LAT: The nation’s slowly improving housing market hit another bump last quarter, with more borrowers missing payments amid … Continue reading

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Foreclosures Hit Sacramento’s Wealthiest Homes

I lived in the Sacramento area from 1980-1994. Homes and properties were a lot less expensive than Southern California and the San Francisco Bay Area. During my years there, the smog steadily got worse. I worked in construction for years … Continue reading

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Bank Pay Off $2 Million To Settle Discrimination Suit

With the bureaucracy in their drink monitoring their every move, it just makes sense that banks will pay. They will pay to settle lawsuits. They will make loans they don’t want to make to keep politicians and activists off their … Continue reading

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Wall Street Finds Profits Again, Now by Reducing Mortgages

The New York Times reports: …Wall Street has found a way to make money from the mortgage mess. Investment funds are buying billions of dollars’ worth of home loans, discounted from the loans’ original value. Then, in what might seem … Continue reading

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The One Home Mortgage Lender Left – The Federal Government

A few years ago, it seemed like anyone could get a home loan for a few hundred thousand dollars. No longer. Standards are up so high only a few people can now qualify for home loans. The Washington Post reports … Continue reading

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The Return Of The Jumbo Mortgage

Two banks are planning to return to the jumbo mortgage market. This market has been dead since 2007 due to a high rate of defaults. Maybe happy days are here again? Bloomberg reports: JPMorgan Chase and Citigroup are expanding their … Continue reading

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Bailing out borrowers at the cost of future borrowers

From the WSJ: Putting a halt on foreclosures puts the squeeze on lenders. And many lenders are just holding on by their fingertips. Culling through research on Depression-era measures to stem foreclosures on farms, Mr. Wheelock said that moratoria on … Continue reading

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More Than 7 Million Americans Expect To Default On Their Home Loans In Next Two Years

That’s why more banks and government entities are working to reduce foreclosures and shore up home values. Report: JP Morgan has revealed it is set to renegotiate $70bn of bad mortgages on its books in an attempt to curb repossessions … Continue reading

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Texans Under Water With Their Mortgages

Home prices are going up in several areas of Texas. In Nevada, half of homes are not worth what borrowers owe. It is really bad in California, Florida, Michigan and Georgia. Here’s the report from Dallas: Almost 450,000 Texans owe … Continue reading

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Finding A Mortgage In Texas

AUSTIN, Texas (KXAN) — The national economy is causing what economists call a “crisis of confidence” for potential homebuyers. Now may be the best time to buy in the Austin area since many sellers are offering buyer incentives. Lone Star … Continue reading

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