Holden Lewis is on vacation.
States such as Michigan, Arizona and Florida that have been hard hit by unemployment and foreclosures are introducing new programs to help homeowners who can’t manage their mortgage payments.
The federally funded programs offer new help to homeowners who may have been disappointed by other federal government assistance programs.
The Michigan State Housing [...]
Posts Tagged ‘California’
States offer mortgage aid
January 13th, 2011 by Financial Writer
Tags: au, bank, bank of america, banks, California, fed, federal government, finance, Florida, foreclosure, foreclosures, government, homeowners, housing, illinois, india, lender, mortgage, mortgages, north carolina, owners, South Carolina, ubs, unemployed, unemployment, us, wells fargo
more...Mortgage delinquencies decline
December 18th, 2010 by Financial Writer
Fewer people were late on their mortgage payments during the third quarter of this year, according to the Mortgage Bankers Association. At the same time, there was an increase in the number of loans entering foreclosure.
The decrease in mortgage delinquencies is a sign of an improving economy, says Michael Fratantoni, the association’s vice president of [...]
Tags: bank, bankers, California, crisis, delinquencies, economic, economics, economy, Florida, foreclosure, foreclosures, increase, lender, loan, loans, mortgage, mortgage bankers, mortgages, president, rate, us
Mortgage-Bond Slump ‘Won’t Be Fun’ for Housing: Credit Markets
December 13th, 2010 by Financial Writer
A slump in government-backed mortgage securities that’s sent yields to the highest level since May is threatening a recovery in the U.S. housing market, which had been bolstered by record-low borrowing costs.
Yields on Fannie Mae-guaranteed securities that most affect loan rates jumped as high as 4.21 percent today, an increase [...]
Tags: au, bank, bank of america, banking, banking group, banks, barack obama, ben, borrow, borrowers, borrowing, borrowing costs, business, buyers, California, company, credit market, dealers, Debt, dollar, economist, euro, Europe, fannie Mae, fed, Federal Reserve, finance, financial, financial industry, foreclosure, freddie Mac, general electric, government, home prices, homeowners, housing, housing market, increase, inflation, inventory, Invest, investment, investor, investors, lender, lenders, lending, loan, loans, mortgage, mortgage market, mortgage rates, mortgages, new york, obama, owners, president, rate, rate mortgages, sales, the dollar, unemployment, us, USA
San Diego Real Estate, Million Dollar Homes
November 30th, 2010 by Financial Writer
County of San Diego has always been known for its Luxury Homes, in the year 2004, in San Diego County home sales luxury (homes over $ 1,000,000) hit an incredible 2774 total units, an increase of almost 170% of total sales in 2003!
Throughout the State of California, a total of 33 107 [...]
Tags: au, ben, buyers, California, dollar, dollars, finance, home sales, increase, interest rate, interest rates, lender, lenders, loan, loans, owners, rate, real estate, sales, us, wells fargo
Bankruptcy News
August 14th, 2009 by Financial Writer
1.4 Million Companies Could Go Under
U.S. bankruptcy filings rose 38 percent in April-June from a year ago, according to court data released on Thursday, as consumers and business were hit by rising unemployment and a lack of credit.
Overall, 381,073 bankruptcies were filed in the second quarter, up 15 percent from the first three months [...]
Tags: Bankruptcy News, California, Chrysler LLC and General Motors Corp, Florida, HAWAII, us