Tag Archives: mortgage insurance

FHA Needs A Bailout

The FHA stands for the Federal Housing Administration. It is instituting new rules to try to forestall an appeal to Congress for a bailout. The FHA wants to force banks to buy back thousands of troubled mortgages. Kevin Chiu reports: … Continue reading

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Mortgage Refinance Tips

If you are in an adjustable rate mortgage, now may be the time to see if you can refinance into a low fixed-rate mortgage. If you are in a fixed-rate mortgage paying an interest rate over 5%, you will save … Continue reading

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Mortgage Insurer May No Longer Be Able To Issue New Coverage

Plunging home values have devastated many related businesses, among them mortgage insurance. There’s been a big shake-out in this industry over the past four years. The WSJ says: Mortgage insurer PMI Group Inc. warned Thursday that it could be forced … Continue reading

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How To Save Money Buying Foreclosed Properties

One way to save money is by learning about the government program HomePath. It is exclusive to people buying foreclosed properties from Fannie Mae. When you use it, you don’t need to purchase mortgage insurance, a property inspection or appraisal. … Continue reading

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Obama’s Surprisingly Free-Market Housing Plan

President Obama has come out for winding up Fannie Mae and Freddie Mac and turning their function over to the private sector. This is a brisk capitalist solution. Does Obama mean it or this just another feint to the political … Continue reading

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A Conservative Critique Of The Financial Crisis Inquiry Commission

The Democrats blamed the housing crash on Wall Street. Republicans blamed big government, Fannie Mae, Freddie Mac and the like. The American Enterprise Institute, which is conservative, responds: Sometimes, the commission majority’s efforts to protect Fannie and Freddie were unintentionally … Continue reading

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Should We Sell Off Fannie Mae, Freddie Mac?

The Republicans swept to political power in November by pledging to reduce the size of government. One aspect of this could be the privatizing of Fannie Mae and Freddie Mac. The federal government has spent over $100 billion keeping these … Continue reading

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The F.H.A. Tightens Standards For Mortgage Insurance

Despite massive government subsidies, the government can’t abolish the consequences of a free market. Mortgage insurance has become increasingly difficult to get during the housing crash. The major issuers of mortgage insurance have either gone out of business or substantially … Continue reading

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Crunching The Numbers On Your Refinance

The Hartford Courant says you need to crunch some numbers before seeking out a mortgage broker or lender. You are going to need a credit score of over 700 to refinance and at least 20% equity in your home. You … Continue reading

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Lower Rates If You Qualify

Holden Lewis writes: A dramatic drop in mortgage rates has motivated some homeowners to wonder if they should refinance. In many areas, house values have fallen. Mortgage rates dropped abruptly this week, after the Treasury Department announced that the federal … Continue reading

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