Tag Archives: zibel

New Mortgage Lending Rules

The housing news keeps getting worse. Prices are still falling for housing in major American cities. The number of foreclosures in 2011 is expected to exceed the number of 2010. And we have new regulations on mortgage lending to insure … Continue reading

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Freddie Mac Wants $10.6 Billion In More Subsidies

What’s our total tab now in shoring up Fannie Mae and Freddie Mac? About $200 billion? How much more will we subsidize these losers? What is so special about home ownership that it deserves all these subsidies? I rent. I’m … Continue reading

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Can The Housing Market Stand On Its Own?

I doubt it can. It has been propped up by massive government intervention over the past couple of years. There was the income tax credit for purchase of a home and the Federal Reserve’s $1.25 trillion purchasing of mortgage-backed bonds. … Continue reading

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Mortgage Rates Drop

This should pep up refinances. Rates went down to a record low of 4.71% in early December. Since they’ve been heading steadily up. There are all sorts of reasons driving this increase in mortgage rates including huge government deficits, a … Continue reading

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What’s The Difference Between A Refinance And A Loan Modification?

Alan Zibel investigates the government’s much ballyhooed efforts to help home owners with their mortgages. So far it appears these plans will help far fewer home owners than intended. These government plans require lots of paperwork and regulation and lenders … Continue reading

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Is Now A Good Time To Refinance?

Rates are at their lowest level in more than 40 years. Sounds like a good time to refinance. Sounds like a good time to lock in lower rates. Well that depends on what rate you are paying now and if … Continue reading

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Figuring Out The Foreclosure Mess

There are so many factors leading to foreclosure, such as rising unemployment and decreasing property values. These factors feed on themselves. Alan Zibel writes: Plunging prices have had even more impact on investors than on homeowners because investors have less … Continue reading

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Who Deserves Help?

Alan Zibel writes that "bailout" is a dirty word in Washington D.C. But there’s no shortage of politicians who want to "help." The subprime mess has rippled across the economy and hundreds of thousands of home-owners are in danger of … Continue reading

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