mortgages

Will economic stablization act work?

admin — Tue, 25 Nov 2008 14:52:09 -0600

In the best-case scenario of the government's latest rescue effort, the Fed buys up outstanding mortgages to get banks lending and consumers spending again. But Senior Business Correspondent Bob Moon asks, Is this going to work?

Rescue now targets loans, mortgages

admin — Tue, 25 Nov 2008 14:52:04 -0600

In the latest installment of the bailout, the Federal Reserve plans to target consumer loans and mortgage-related debt with an $800 billion infusion. It's an effort to get money flowing again in the secondary market that invests in those loans.

Mortgages: How Rates Are Set

admin — Sat, 15 Nov 2008 16:25:32 -0600

Interest rates are often a mystery for many people applying for home loans.

U.S. Offers Plan to Modify Home Loans

admin — Tue, 11 Nov 2008 14:32:18 -0600

The goal will be to modify the mortgages of homeowners facing foreclosure so that a monthly loan payment is no higher than 38 percent of a borrower’s monthly income.

Mortgages: Rating the Loan Process

admin — Sat, 08 Nov 2008 15:35:11 -0600

According to a new survey, customers are more happy with their loan process now than they were in the past two years.

Mortgages: Opening the Tap on Home Equity

admin — Sat, 01 Nov 2008 16:29:18 -0500

Lenders are cutting back on homeowners’ credit lines or freezing them altogether.

Mortgages: Reverse Mortgages Retooled

admin — Sat, 25 Oct 2008 18:09:28 -0500

New laws for reverse-mortgage loans will offer co-op owners the chance to apply for these loans.

Mixing Money and Family

admin — Sat, 18 Oct 2008 18:05:59 -0500

Since mortgages are so hard to get, buyers are turning to their parents and other relatives to help with down payments and closing costs.

Mortgages: Prepay a Mortgage? It Depends

admin — Sat, 18 Oct 2008 06:51:57 -0500

In the current financial environment, prepaying on a mortgage might make sense.

Housing costs: Half your income?

admin — Wed, 24 Sep 2008 16:25:00 -0500

More than 7.5 million homeowners spend at least half of their income on housing; 19 million are above 30%. That's 53% of all homeowners with mortgages. No wonder Americans feel strained.