Mortgage and Financial News From 2010-1-1 Page 01
Previous Day: 2009-12-31
Return to the mortgage news archive home.
-
Money insider: Brighter times ahead for housebuyers... - The Independent
With house prices remaining firm since the summer, and the worst of the banking turmoil hopefully behind us, mortgage lenders have started ... negative hierarchy of payments and ultra-low minimum monthly repayment requirements. With the base rate ...
2010-01-01 06:53:00 -
US bails out General Motors-related company GMAC with further $3.8bn - The Guardian
Receiving its third government bailout, GMAC is the the former finance arm of General Motors and is heavily connected with sub-prime mortgages. Photograph: AP The United States government has pumped a further $3.8bn (£2.35bn) into GMAC, giving it a ...
2010-01-01 08:26:00 -
Number of households getting mortgage aid up by over 250% - Irish Times
THE NUMBER of households receiving emergency welfare support to help them meet mortgage repayments has increased by more than 250 per cent over the past two years. New figures compiled by the Department of Social and Family Affairs show that almost ...
2010-01-01 06:17:00 -
Mortgage Bond Rally May End as Fed Stops Buying (Update1) - Bloomberg
mortgage-insurance agency involved in about a third of loans for home purchases, according to analysts including Merrill Ross at BGB Securities Inc. Arlington, Virginia, and Laurie Goodman ... Newport Beach, California-based Pimco’s Total Return ...
2009-12-31 10:55:00 -
PMI Sells Entire RAM Holdings - Zacks.com
mortgage insurance operations. PMI Group had implemented a five-point plan to address the challenging U.S. economy and the negative global market sentiment. The plan focuses on core mortgage insurance business, booking high-quality new business ...
2009-12-28 10:51:00 -
The 4 Best Real Estate Investments for 2010, Part II - HoweStreet.com
It's the holiday season and the markets are calm as a millpond. In the U.S., the Dow rose by three whole three points on Wednesday, following a single point drop the day before. Not a creature was stirring...not even a bull. The silence is similar in ...
2010-01-01 05:56:00 -
How Much House Can You Afford? - Walletpop.com
Your housing ratio is your total monthly payment divided by your monthly gross income . Generally, the ratio should not be more than 28%. For example, if your monthly P+I+T+I payment is $1,400, your monthly gross income should be at least $5,000 ...
2009-12-31 03:05:00 -
UCDC foreclosure program helps area homeowners - NRToday.com
Instead, he was told there was nothing they could do for him because he was current on his payments on his Riddle home, valued at nearly ... other program counselors work to push banks into reworking mortgage loans. They also seek to rework terms and ...
2010-01-01 07:57:00 -
BofA Sues Mortgage Insurer MGIC - Yahoo Finance
Mortgage insurance denials and rescissions have become more common as insurers seek to minimize damage from mounting losses. Mortgage insurance rescission rates have jumped to 20–25% in recent quarters, relative to historical 7% averages.
2009-12-28 06:19:00 -
HOUSING: Caught in the crash, Murrieta family nears losing it all - North County Times
The Daniels family is living the flip side of their dream. In early 2008, Steve and Lisa Daniels, along with their six children, were afloat in the housing market bubble. An adjustable-rate mortgage allowed them to springboard from a Corona ...
2010-01-01 08:55:00 -
Ambition didn't keep him off path to prison - Minneapolis Star Tribune
Dustin Lee LaFavre, 27, was a college senior, majoring in real estate finance, when he wrote this for his high school magazine's 2004-05 winter issue: "I'm planning on going to law school and am very active in investing in real estate right now. We ...
2010-01-01 09:02:00 -
For Stocks in the Developed World, It Was a Decade of Zeros - New York Times
It was a decade that began with such promise. Stock markets in Europe and America ended the 1990s at record levels, and even bedraggled Japan was at a two-year high. “Dow 36,000” was on some best-seller lists. Instead, it became a decade that ...
2010-01-01 08:05:00 -
U.S. Loan Effort Is Seen as Adding to Housing Woes - New York Times
Since President Obama announced the program in February, it has lowered mortgage payments on a trial basis for hundreds of thousands of people but has largely failed to provide permanent relief. Critics increasingly argue that the program, Making ...
2010-01-01 09:09:00 -
Lenders must disclose 'clear' cost estimate - Chicago Sun-Times
Potential borrowers are entitled to get "true and clear'' estimates of the costs of taking out a home loan -- including any fees, prepayment penalties and rate changes, under federal rules taking effect today. The new estimate form requires mortgage ...
2010-01-01 06:36:00 -
New Mortgage Rules Help Home Buyers Shop for Loans - ABC News
... Estate Settlement Procedures Act that go into effect today require mortgage lenders and brokers to provide buyers with a Good Faith Estimate that discloses a loan's key terms and settlement ... you're going to make in your life," said Lucas ...
2010-01-01 11:43:00