Tag Archives: mortgage company

Mortgage Interest Rates Are Not The Problem

The problem now is the overly restrictive, overly fastidious lending standards set forth by Fannie Mae and Freddie Mac. Fannie and Freddie have over-reacted to the housing crash of 2008, which revealed that lending standards were way too lax. Now … Continue reading

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Refinance Rates Plunge

What’s new in the latest rate fall? That those with less than great credit can take advantage. Until now in this recession, the great refinancing rates went only to those with stellar credit scores. Lenders have reacted to the subprime … Continue reading

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4 Legal ways to prevent losing your home to foreclosure

Diana Perkins writes: Every year, there are over 8 million homeowners who are seeking help to prevent losing their homes to foreclosure. Many homeowners are not even aware that they can prevent losing their home to foreclosure by following some … Continue reading

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Mortgage Rates Edge Above 5%

This rise does not surprise me. What surprises me is that interest rates remain so low with the U.S. dollar so weak, and U.S. deficits so high. The LAT says: The Primary Mortgage Market Survey from the government-controlled mortgage company … Continue reading

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30-year mortgages rise to 6.10 percent

WASHINGTON (AP) — Rates on 30-year mortgages have risen for a second straight week, climbing to the highest level in a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.10 percent this week up slightly … Continue reading

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The End of the American Dream?

From the BBC: As the sun beat down on Las Vegas’s suburbs, it wasn’t difficult to spot the foreclosed homes. Las Vegas has long been a magnet for gamblers. But locals who’ve had a flutter on the local property market … 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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30 Year Mortgage Rates Way Up

From the AP: Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.08 percent this week. It was the highest level for 30-year mortgages in 11 weeks, since they averaged 6.13 percent the week of March 16. … 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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Kickback: Confessions of a Mortgage Salesman

From amazon.com: Description : I confess. I stole thousands of dollars. Maybe even thousands of your dollars. Oh, I was never tried and put in prison for it. What I did was perfectly legal. And it is done every day … Continue reading

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