Mortgage and Financial News From 2009-1-24 Page 01
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Builders seek incentives as D.M. home sales continue fall - Des Moines Register
Des Moines-area home sales fell 21 percent last year from 2007, as housing leaders called for federal housing incentives to bring reluctant buyers — and sellers — back to the market. A Des Moines Area Association of Realtors report showed that ...
2009-01-16 05:56:00 -
Putting it in the bank - Minneapolis Star Tribune
When the stock markets and housing values were soaring, certified financial planner James Bryan would plead with clients to set aside six months worth of take-home pay just in case of a job loss or a major home repair. "I had that conversation many ...
2009-01-24 05:10:00 -
Paying artificially low mortgage payment could backfire - Arlington Heights Daily Herald
Q. I am 61, and in early 2007 I refinanced my home with a company that offered me a plan on which I could pay as low as $57 a month during the next seven years. Of course the rest of the money I really owe is added to the principal. I was hesitant ...
2009-01-23 05:54:00 -
College financial aid system facing stiff test - Newsweek
Recommended (6) College Guide: Financial Aid for the Middle Class The Revolution in College Financial Aid Education: Financial Aid 101 Money: How to Get More Cash New Math for College Costs STRUGGLING TO PAY THE MORTGAGE ON MY MIND (CHICAGO) Finding ...
2009-01-24 04:20:00 -
When Will the Slump End? - Newsweek
When most of us read news about the falling housing market, we have to suppress a groan or an expletive. But John Talbott greets the headlines with a grin—and the very strong urge to shout "I told you so!" Talbott is a former Goldman Sachs banker ...
2009-01-24 02:54:00 -
FHA-insured mortgages become a more popular option - Austin American-Statesman
WASHINGTON — Three years ago, the Federal Housing Administration was hardly doing any business, insuring less than 2 percent of all home-purchase loans. But things have changed for the agency, which was created in 1934 during the Great Depression ...
2009-01-24 06:15:00 -
Mortgage market clouds who owns woman's house (Atlanta Journal-Constitution)
Twenty years ago, Zella Mae Green bought a modest brick ranch house in DeKalb County with an American ideal in mind. The single mother of four, who raised her children working low-wage jobs, wanted to own something someday. And she wanted to pass something on. "I was thinking that if anything would ever happen to me, the children would have a place they could come and stay," said Green, a ...
2009-01-24 05:18:37 -
Low Mortgage Rates: 7 Things You Need to Know to Refinance (US News & World Report)
Mortgage rates have declined sharply in recent months. Here's how to take advantage.
2009-01-24 06:20:19 -
Scout Out Home Deals (WallStreet Journal via Yahoo! Finance)
For prospective home buyers, it's hard to ignore the sales pitch: Home values nationwide have fallen on average some 20%, while mortgage rates recently plumbed record lows below 5%.
2009-01-24 10:13:48 -
Is it time to buy a rental property? (Orange County Register)
Readers ask about buying investment properties. Expert says do it.
2009-01-23 01:39:46 -
Five Tips for Keeping Closing Costs Down (TheStreet.com)
The first step is to compare offers.
2009-01-23 02:51:56 -
City council exchanges requirements for rentals (The Temecula Valley News)
At the urging of a recession-battered builder, Temecula officials dramatically cut the number of affordable housing units that will be provided at a hotly debated project on the city’s south side. Despite one resident’s misgivings, the City Council recently voted to allow D.R. Horton to make major changes in the affordable housing component of a 428-unit project that drew neighborhood opposition ...
2009-01-23 05:03:43 -
Mortgage rates at record lows (KREM.com Spokane)
Mortgage rates are at record lows. Many homeowners are taking advantage of it to lower their payments or pull some money out.
2009-01-23 10:55:12 -
What are rich men's home loans good for? (Independent)
We are still waiting for the lending squeeze to relax its grip so that those of us with average salaries, average credit reports and average deposits can borrow money for property again. We could be waiting a long time, but in the meantime, lenders are coming up with ways to bargain with us over our financial needs.
2009-01-24 06:21:48 -
Timing a refinance - Marketwatch
WASHINGTON (MarketWatch) -- Question: In May 2007, I refinanced to consolidate mortgage and home-equity loans. The new loan is an interest-only, five-year Libor ARM at 6.38% which will reset in June 2012. I am retired and hoping to sell within a year ...
2009-01-21 05:57:00