Tag Archives: private mortgage insurance

First Time Home Buyers Guide to Down Payment & Mortgages

Buying the first home of your own can be the most exciting and important investment in your life. However, before establishing this huge milestone on your life way, there is a variety of daunting tasks to do, while the biggest … Continue reading

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A Bigger Down Payment Will Give You More Mortgage Options

If you’re not used to living below your means, you’re not going to be able to handle owning a home. There are always unexpected expenses when you buy a home. Your sewage system might get damaged by a tree’s roots … Continue reading

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The Three Biggest Mortgage Insurers Are In Trouble

The United States has had two million foreclosures in the past four years. Each foreclosure costs the bank about $40,000. It also costs the giants who insure mortgages. They’re in big trouble as the number of American foreclosures shows no … Continue reading

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Mortgages up to $729,750 receive government backing

You can expect the Obama administration to recommend reducing the size of mortgages eligible for government backing. Currently, mortgages up to $729,750 receive government backing. The Obama administration is trying to clean up the mess at Fannie Mae and Freddie … Continue reading

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Know Your Money Goals Before You Refinance

It is a lot of hassle to refinance these days. You need to provide a lot more documentation than previously. Lenders are much more skeptical and reluctant to lend money to anyone with a less than stellar financial position. The … Continue reading

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Are You Still Stuck In A Subprime Loan?

There have been bills passed and government rhetoric about helping out those stuck with subprime loans. But actual help has been slow to arrive. And if your home is worth less than what you owe on your mortgage, nothing will … Continue reading

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Saving Lenders

I enjoy Jack Guttentag’s columns on mortgages in the Washington Post. Last week he explained why increasing capital requirements for lenders won’t reduce the risk and severity of financial crises. There are just so many ways lenders can get around … Continue reading

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Why Didn’t These Mortgages Need Insurance?

From DallasNews.com: WASHINGTON — If the problem threatening to take down the economy is bad mortgages, then why isn’t mortgage insurance taking care of it? In the 1980s and 1990s, most homebuyers could not get a mortgage with a down … Continue reading

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Is It Time To Refinance?

From the Chicago Tribune: Mortgage rates are down and you’re not going to bother trying to sell your home anytime soon. Should you spend the money to refinance and lower your payments? Certainly, a lot of people think they should … Continue reading

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2007 Mortgages Going Bad At An Alarming Rate

Ruth Simon writes for the WSJ: The equivalent figure for 2006 prime mortgages was just 0.33% after 12 months. Evidence that lax lending standards were leading to higher mortgage delinquencies first emerged in late 2006. Data on other classes of … Continue reading

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