Mortgage and Financial News From 2009-9-28 Page 01
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Refinancing can be tough with falling home value - Chicago Tribune
Q I have a first mortgage for $304,000 and a second mortgage for $74,000. I'm current on my payments but I want to refinance. The value of my house has dropped, but my income is $98,500 per year. What can I do? A Not much, I'm afraid. The key to your ...
2009-09-27 02:06:00 -
New York Appraisals Get Shortchanged - New York Times
IMAGINE the agony of a buyer when the bank’s appraiser rules that the apartment the buyer has agreed to pay $750,000 for is worth only $650,000. The buyer has three options: move on, because the low appraisal means the mortgage the bank will give ...
2009-09-24 06:59:00 -
Fed Accepts $1.35 Billion In TALF Requests For Comml Mortgages - EasyBourse.com
Fed Accepts $1.35 Billion In TALF Requests For Comml MortgagesEasyBourse.comThe market continues to be in turmoil as delinquent loans rise, and maturing loans find it difficult to refinance. To bring essential funding to this market ...and more »
2009-09-28 09:06:12 -
Home Loan Volume On The Rise - Worcester Business Journal
Home Loan Volume On The RiseWorcester Business JournalThe refinance index increased by 17.4 percent from the previous week as interest rates on 30-year, fixed-rate loans dropped below 5 percent for the first ...
2009-09-28 10:54:38 -
San Mateo, California Mortgage Consultant Reveals Insider Loan ... - SBWire (press release)
San Mateo, California Mortgage Consultant Reveals Insider Loan ...SBWire (press release)San Mateo, California - based mortgage expert Mike Ervin specializes in providing information to consumers that allows them to make informed decisions about ...and more »
2009-09-28 11:32:54 -
The Autumn View - Main Street Business Journal
The Autumn ViewMain Street Business JournalNow is an attractive time to refinance a mortgage or buy a new home or foreclosed property. Mortgage finance for higher-priced homes remains spotty in too ...and more »
2009-09-28 01:09:05 -
Foreclosure Rates in St. George Increase - Main Street Business Journal
Foreclosure Rates in St. George IncreaseMain Street Business JournalAccording to recent data from First American CoreLogic on foreclosures for the St. George area, the rate of foreclosures among outstanding mortgage loans is ...and more »
2009-09-28 01:09:12 -
Downturn Does Not Stop CU Efforts to Help Those With Lower Income - Credit Union Times
Downturn Does Not Stop CU Efforts to Help Those With Lower IncomeCredit Union TimesKitsch recounted how one of the Real Solutions credit unions that has a program in place to help lower income members refinance high-interest car loans ...
2009-09-28 01:46:23 -
FHA Insider: FHA and the new condo approval process ... will ... - National Mortgage Professional Magazine
FHA Insider: FHA and the new condo approval process ... will ...National Mortgage Professional Magazine... as defined in Mortgage Letter 1996-41, is eliminated. 3. Project Approval is not required for FHA-to-FHA streamline refinance transactions or properties ...and more »
2009-09-28 02:10:11 -
CREDIT MARKETS: M&A Dish Of The Day In Otherwise Quiet Trade - Wall Street Journal
CREDIT MARKETS: M&A Dish Of The Day In Otherwise Quiet TradeWall Street JournalCIT (CIT) could be in the works to refinance its $3 billion rescue loan with $8 billion to $10 billion of secured debt, according to analysts at ...and more »
2009-09-28 03:18:52 -
Venturing Forth - Mercy Corps (press release)
Venturing ForthMercy Corps (press release)It's from an unemployed mortgage broker in Olympia, Washington, who needs $2000 to pay for a mailer promoting a Web-based advertising business that, ...
2009-09-28 05:26:56 -
Short sale is not the only way to avoid foreclosure - HULIQ
Short sale is not the only way to avoid foreclosureHULIQREFINANCE: This usually involves a new loan with reduced payments. If your credit is still intact and you have enough equity, this may be possible. ...and more »
2009-09-28 09:30:46 -
Dear Rob: 'Am I headed for financial ruin?' - Globe and Mail
Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. He is the author or co ...
2009-09-28 02:22:00 -
Mortgage Rates At Lowest Level Since Late May - NPR News
For anyone who didn't refinance when rates were super low earlier this year, now might be the chance. The Mortgage Bankers Association says last week the average rate for 30 year fixed rate loans was 4.97 percent. Mortgage applications have jumped 50 ...
2009-09-28 02:36:00 -
Unemployment confronts Obama rhetoric with chronic joblessness - Asbury Park Press
Economists since the mid-1990s have reckoned that full employment was equivalent to about a 5 percent unemployment rate, taking into account the time required to switch jobs. Now Nobel Prize winner Edmund Phelps and Pacific Investment Management Co ...
2009-09-28 02:36:00