Tag Archives: american mortgage

Another Mortgage Refinance Plan

Another day, another plan from Washington to fix the housing crisis. So far all the government efforts to turn around the housing industry have had either negligible effect, no effect or a negative effect. But politicians don’t care so much … Continue reading

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Mortgage Interest Rates Hit Record Lows

With all the drama in the world’s financial markets, the demand for U.S. Treasury bonds remains strong. When the world goes to hell, investors want to be in U.S. Treasury bonds. As a consequence, the price of the bonds goes … Continue reading

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‘American Mortgage’ By Trevor Rhodes, CEO of AmerUSA

This is a solid new book from McGraw-Hill. I particularly liked the section on the top five borrower blunders: * Applying for more credit while waiting for your mortgage to close * Stopping payment to your current lender while you … Continue reading

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American Mortgage Applications Up

From Business Week: Mortgage application volume rose 2.9 percent during the week ending May 9, according to trade group Mortgage Bankers Association’s weekly application survey. Refinance volume increased 6.5 percent during the week, while purchase volume fell 0.7 percent. Refinance … Continue reading

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Refinance Trouble? Think About An FHA Loan

The Orange County Register reports that the FHA is taking up the slack for subprime lending. It’s a lot of effort to get an FHA home loan (which protects lenders from loss so they are more willing to make loans … Continue reading

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Buying A Home Is Harder These Days

The Des Moine Register reports about the new harsh reality: Lenders are making more requirements of borrowers. They want higher credit scores and more money down and more proof of income. Mortgage defaults have forced banks to write down about … Continue reading

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Justice Department Investigates Mortgage Industry

Reuters says the Justice Department may create a special task force to look into cheating in the mortgage lending industry. The FBI is investigating 17 firms that may have engaged in massive fraud. In an interview with reporters that covered … Continue reading

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Would you bet on Fannie and Freddie?

The mortgage business is looking up. Its stocks are ricing. Commodities (gold and oil etc) are plunging. The Fed wants to reduce mortgage rates and make credit easier and cheaper to attain. Maybe happy days are here again? Forbes reports: … Continue reading

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