Tag Archives: mortgages

Mortgage Market Changes

There’s been a lot of change over the past decade. Nowadays about 70 of home buyers begin their search online. Lenders now decide on a credit by using complicated computer-generated models. They underwrite and process loans via desktop computers. There’s … Continue reading

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UK Mortgage Brokers Suffering

From ThriftyScot: Most of us are only too aware of the profound negative impact that the global credit crunch has had on the financial markets, affecting everything from mortgage lenders and unsecured lenders to credit card providers and more. Lat … Continue reading

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Controlling Your Mortgage

Rob Carrick writes from Canada: Pay down your mortgage. For people with mortgages with 25-year amortizations, paying a mortgage off early is a non-urgent luxury. With a 40-year mortgage, you could buy a home at 35 and still be paying … Continue reading

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Own To Rent

Dean Baker writes: The plan: Gives homeowners facing foreclosure the option of renting their home for as long as they want at the fair market rate. The proposal does not bail out in any way lenders who made predatory mortgages … Continue reading

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Cutting Mortgage Losses

From Manchester in the UK: In 2007 we spent an average of 17.8 per cent of our income on mortgage interest payments, according to the Council of Mortgage Lenders (CML), compared with just 11.6 per cent five years before. 1 … Continue reading

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Refinance & Mortgage Brokers

From the Times of London: Millions of homeowners who use mortgage brokers are being denied access to the best deals, after a decision by some of the UK‘s biggest lenders to offer their top rates only to customers who approach … Continue reading

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Policeman Charged In Mortgage Scam

From the Chicago Tribune: Sgt. Robert Culp, who has served on the South Bend Police Department for 17 years, was relieved of duty with pay Friday after entering a guilty plea in federal court in South Bend. Investigators said Culp … Continue reading

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Refinance Mortgage Demand

CHICAGO (Reuters) – A new policy on mortgage down payment requirements from Fannie Mae (FNM.N: Quote, Profile, Research) is "sound," and could help unleash pent-up demand, James Lockhart, director of the Office of Federal Housing Enterprise, said on Friday. "There … Continue reading

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Mortgage Rate Relief

From the San Jose Mercury News: Months after many eager homeowners started gearing up to refinance their mortgages, interest rates for Bay Area-size mortgages are finally falling. Government-sponsored agencies Fannie and Freddie buy bundles of mortgages from lenders, and package … Continue reading

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Fannie Mae Lowers Down Payments

From the USA Today: NEW YORK (Reuters) — Fannie Mae (FNM), the nation’s largest source of home financing, said Friday it is lowering the amount of down payments required on mortgages it purchases, even in areas where home prices are … Continue reading

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