Tag Archives: mortgage buyers

How To Get A Low Down Payment Mortgage

It is much more difficult these days to get a low down payment mortgage. Buyers who put down a small down payment are much more likely to walk away from their mortgage when things get tough. On the other hand, … Continue reading

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Bank of America Loses Another $5 Billion On Countrywide

Bank of America must be kicking itself for its acquisition of Countrywide and Merrill Lynch. These buys have only cost them about $50 billion and who knows how big the Countrywide loss will go? The Los Angeles Times says: Implicitly … Continue reading

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How To Get A Mortgage

From the New York Times: Don’t have stellar credit? No verified income? High debt-to-income ratio? Sign on the dotted line anyway. “Two years ago, we had a meeting where a mortgage broker said, ‘If you have pulse, I can get … Continue reading

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Mortgage Bonds

NEW YORK, May 28 (Reuters) – Rising issuance of Fannie Mae and Freddie Mac mortgage-backed securities has pushed the share of the debt in a key bond index to record heights in recent months, presenting new challenges to investors. The … Continue reading

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Refinance Compromise In Senate

The New York Times says: WASHINGTON — The Senate Banking Committee on Tuesday approved compromise legislation aimed at helping hundreds of thousands of homeowners in danger of foreclosure by expanding the availability of government-insured mortgages. The committee, by a vote … Continue reading

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