Tag Archives: amp

The Off-Set Mortgage

From the UK: I’m tempted to switch to an offset mortgage, but I’m worried that I’d have to pay a significantly higher rate compared to a regular deal. I have savings of £27,000′ KR, Cardiff By "offsetting" your savings against … Continue reading

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The Mortgage Clinic

From London’s Independent: ‘I’ve saved a 10 per cent deposit that finally allows me to afford a studio flat in London for about £170,000. But, with all this uncertainty about house prices, I’m wondering whether to hold off and save … Continue reading

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The End of the Mortgage Crisis?

From the Independent of London: Some stability seems to have returned to the mortgage market, with several high-profile lenders even moving to cut rates. Nationwide and Abbey, have both reduced their prices recently, with Nationwide’s 0.3 per cent cut on … Continue reading

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American Home Prices Plunge

The New York Times reports: America’s home-buying season, when for-sale signs sprout like dandelions, is shaping up to be even worse than expected this year, with prices falling, sales slowing and few signs of a turnaround emerging. One showed that … Continue reading

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Home Prices Plunge

From Reuters: Prices of single-family homes declined a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last housing recession, according to the Standard & Poor’s/Case Shiller national home price … Continue reading

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Equal Credit Opportunity Act and Fair Housing Act

Description : There are 2 federal laws which address discrimination in mortgage lending; they are Equal Credit Opportunity Act (ECOA) & Fair Housing Act (FHA). These mainly consist of prohibitions against discriminatory statements and inquiries made in the lending process. … Continue reading

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ABCs of FHA Lending

Description : Those who will purchase this book will get information on mortgage insurance guidelines, underwriting requirements, step by step instructions for mortgage calculations, and 4155 underwriting manual. It will work as a complete training & reference guide for real … Continue reading

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Home Prices Fall

From HousingWire.com: Annually, purchase prices have fallen 3.1 percent between Q1 2007 and Q1 2008, OFHEO said — also the largest annual price decline on record. Those sharp price decline numbers contrast with an all-transactions index, however, which adds in … Continue reading

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Fear, Foreclosures On The Rise

From the CBC: A growing majority of Americans say they won’t buy a home any time soon, the latest sign of increasing pessimism about the U.S. housing crisis, a poll showed Monday. Sixty per cent said they definitely won’t buy … Continue reading

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Home Equity Doldrums

Are your bonds backed by home equity loans? How does anyone know how much they are really worth? The decline in the value of such loans is unprecedented. Here’s a report: Credit ratings agency Standard & Poor’s said Thursday it … Continue reading

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