Tag Archives: mortgage companies

Obama’s Foreclosure Legacy

The Obama administration keeps doing things about the housing crisis but none of them seem to work. The Obama approach is to selectively intervene in the housing market and channel subsidies to politically protected groups. Some homeowners who are underwater … Continue reading

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Lenders Make Money By Keeping Mortgage Process Complex

Mortgage professionals make money by keeping the mortgage process complicated. The less you know about what you are signing up, the easier it is to take advantage of you. I thought capitalism was supposed to produce the best deals and … Continue reading

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Over One Million Enroll In Obama’s Mortgage Modification Scheme

Only 170,000 have completed the paperwork, while 1.1 million home owners have begun the process. The program is having a tiny impact on America’s high rates of foreclosures. Las Vegas is hard-hit by foreclosures but fewer than 4,000 homeowners have … Continue reading

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Making Home Affordable Program Eases Up On Paperwork Requirements

President Obama came out with his Making Home Affordable program. It’s designed to help people struggling with their mortgage payments to modify their mortgages into something more affordable. There’s a big federal and state government push to reduce mortgage defaults. … Continue reading

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Tightening Mortgage Rules

From canada.com: A tightening of mortgage rules and higher interest rates, sparked by the U.S. credit crisis, may cost some Windsorites their homes and limit credit to only the best clients, say agents for two local mortgage companies. “It’s becoming … Continue reading

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How To End The Foreclosure Crisis

From alternet: Over one million U.S. homeowners have already lost their homes due to foreclosures since the mortgage crisis began last summer. A high foreclosure rate also has a deteriorating effect on surrounding neighborhoods, further depressing housing prices and quality … Continue reading

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Foreclosure Question

I got this email:  I went to UR site & read the article on walking away from UR mortgage. I’m from Canada, things are a little different here-w-the market b/c what’s happening in the USA hasn’t made it’s way here … Continue reading

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Economic Troubles Lead To Lower Mortgage Rates

Holden Lewis writes: Mortgage rates fell this week on continued signs of economic weakness. The benchmark 30-year fixed-rate mortgage fell to 6.02 percent, according to Bankrate.com’s national survey of large lenders. The benchmark 15-year fixed-rate mortgage fell to 5.63 percent. … Continue reading

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Mortgages For Muslims

From the Washington Post: The mortgage industry may be in meltdown, but at least one class of lender appears to be flourishing: Islamic finance companies that offer Muslim home buyers alternative arrangements such as lease-to-own deals so they can avoid … Continue reading

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Profiting From Foreclosures

From the New York Times: JACKSONVILLE, Fla. — The house on East 24th Street was the worst of the six that David Law and Trey McCallister worked on the other day here. Trash littered the front and back yards. Mortgage … Continue reading

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