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 ‘owners’
‘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
Morgan Stanley Said to Sell CICC Stake to KKR, GIC
December 1st, 2010 by Financial Writer
Morgan Stanley is selling its 34.3 percent stake in China International Capital Corp. to Kohlberg Kravis Roberts & Co., TPG Capital, Singapore’s Great Eastern Holdings Ltd. and the island nation’s sovereign-wealth fund, four people with direct knowledge of the deal said.
Morgan Stanley plans to sell stakes of about 10 percent [...]
Tags: au, bank, banking, banks, business, China, Chinese, company, government, Invest, investment, new york, owners, sales, stock, ubs, us
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
Program to pay homeowners to sell at a loss
March 8th, 2010 by Financial Writer
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
This latest program, which will allow owners to sell for less than they owe and will give them a little cash to [...]
Tags: borrowers, foreclosure, households, mortgage, mortgage finance, owners