April 2010
You are browsing the archive for April 2010.
Fixed Rate Mortgages Hold Steady Again While Arms Nudge Down
For the second week in a row 30 year mortgage rates held steady at 6.52. 15 year mortgages last week moved from 6.07 to 6.1. The week they returned to 6.07. So basically the fixed rates are holding steady. 5 Year Arms fell from 6.05 to 6.02 and 1 Year Arms [...]
Pros and Cons of the Deed in Lieu of Foreclosure
There are good and bad things that come with the deed in lieu of foreclosure. If you are unable to make the monthly mortgage payments on your home anymore you might consider this as your option. There are pros and cons to this which might help you make your decision.
Pros / Positives
The biggest positive of [...]
Strategy to Stop Foreclosure – Sell the House
Are you about to lose your home, go through foreclosure, and destroy your credit? If so you’re not alone. Countless families across the country today are dealing with the very same problem today.
Consider one family’s story – the LaVan family. They had a beautiful two story home in a great neighborhood and things were going [...]
Reverse Mortgages = Journalistic Opportunism
On July 5th 2008, Robert Powell of the Wall Street Journal online posted an article which quotes the Chief Executive of The Financial Industry Regulatory Authority (FINRA), Mary Schapiro, entitled Three Warnings for Hard Times: Beware of Strategies That Put Nest Egg at Risk.
I really must admit that when I first read the title I [...]
Federal Regulation for the Home Lending Market
There are new federal regulations on mortgage lenders coming out way soon. Recently, President Bush signed a bill into law at the end of July that encourages state regulatory commissions to register all residential loan originators, and creates a national database of lenders that tracks fraudulent activity from state to state. This will [...]