The Federal Housing Administration, or FHA, has opened its doors for the “short refinance” program that’s supposed to help homeowners who owe more than their home is worth. But skeptics — including my colleague Holden Lewis, who is on vacation this week — have already taken a dim view of the short refi program as [...]
Posts Tagged ‘homeowners’
‘Doomed’ FHA short refi starts
February 1st, 2011 by Financial Writer
Tags: au, Debt, economic, fed, finance, government, homeowners, housing, Invest, investor, investors, lender, lenders, loan, mortgage, owners, us
more...States offer mortgage aid
January 13th, 2011 by Financial Writer
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 [...]
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
If The Bank Sued To Foreclose, The Mortgage To Ensure That They Meet
January 5th, 2011 by Financial Writer
One of the creative defenses to a foreclosure action in this past year has shown, that the demand for bank foreclosure of the mortgage shall demonstrate in this regard and has been home and apartment owners to sue. In the vast majority of the shares of foreclosure, banks are not the original notes, rather [...]
Tags: au, bank, banks, borrow, borrowers, company, foreclosure, homeowners, Invest, investment, investor, investors, lender, lenders, lending, loan, loans, mortgage, mortgage companies, mortgages, owners, predatory lending, rate, transaction, ubs, us
Bankers’ Pay on the Line Again
December 28th, 2010 by Financial Writer
Limiting the compensation of banking executives is not the best way to curb their risk-taking, but it might be the option most readily available, an economist writes.
Buy vs. Rent: An Update
Should you buy a home or rent one? An updated list of the relationship between home prices and rents in 55 metropolitan areas.
The Holiday [...]
Tags: bank, bankers, banking, business, businesses, crisis, economist, economy, fed, federal government, Federal Reserve, financial, financial crisis, government, holiday, home prices, homeowners, increase, job, jobs, owners, rate, retail sales, sales, small businesses, spending, unemployed, us
Increase In Mortgage Rates Predictions
December 22nd, 2010 by Financial Writer
The current mortgage interest rate forecast for the United States is the mortgage interest will remain at historically low levels in November until after the election, and then start rising too high. Homeowners in the United States can not presume that mortgage rates are at low levels historically, as it has since been a [...]
Tags: au, bank, banks, crisis, dollar, economic, fed, financial, financial system, foreclosure, foreclosures, homeowners, housing, housing market, increase, inflation, interest rate, interest rates, loan, loans, mortgage, mortgage rates, mortgages, oil, oil prices, owners, rate, sales, subprime mortgages, the dollar, united states, 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
The overblown menace of robosigners
December 9th, 2010 by Financial Writer
A lot of homeowners face foreclosure. The overwhelming majority of them haven’t been making their house payments.
This simple truth has been obscured by the foreclosure paperwork scandal.
In 23 states, foreclosures must be accomplished through the court system. (In the other states, lenders handle foreclosures administratively, although homeowners can choose to defend themselves in court.)
Lenders are [...]
Tags: au, bank, bank of america, consumer, consumer advocates, Debt, debts, foreclosure, foreclosures, homeowners, job, lender, lenders, mortgage, new york, owners, president, us
Fed expected to make big bond buy; what will impact be?
October 28th, 2010 by Financial Writer
The Federal Reserve next week is expected to give the economy the equivalent of a B-12 shot.
But many economists question whether it will be enough to perk up a listless recovery. Others say it ultimately will lead to rampant inflation.
Based on its signals since August, the central bank Wednesday will likely announce a new round [...]
Tags: economic growth, economy recovery, financial markets, Global Economy, homeowners, inflation, interest rates, loans, money, mortgage lenders, stock market
Economy Offers Better Signals With Home Sales, Durable Orders
September 24th, 2010 by Financial Writer
The details in the August durable goods and new homes data offered some redemption to their otherwise disappointing headline numbers.
On Friday the Commerce Department reported that durable goods orders slipped 1.3% in August, from the upwardly revised gain of 0.7% recorded in July, and weaker than the 1% decrease forecast by the Street. Excluding the [...]
Tags: chief economic, commerce department, Economic Analysis, economy activity, home sales, homeowners
U.S. unveils plan to shrink some home loans
March 26th, 2010 by Financial Writer
After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans.
The multifaceted effort will let people who owe more on their mortgages than their properties are worth get new loans backed by the Federal Housing [...]
Tags: borrowers, foreclosures, homeowners, mortgage companies