Mortgage and Financial News From 2010-1-8 Page 01
Previous Day: 2010-01-07
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New York Times to Homedebtors - "Walk Away" - DAILY KOS
Strategic defaults when property is underwater is nothing new to large investors, yet these same people exhort us to continue to pay our mortgages, essentially telling us that we are required to work for them. Well, the New York Times finally gets it ...
2010-01-08 09:41:00 -
The Mortgage SAFE Act: Safe, or an Act? Check Your Mortgage Expert ... - RealEstateRama
About Joffrey Long Joffrey Long provides mortgage lending and real estate advice and insight for homebuyers, real estate investors and investors in mortgage loans. He’s a mortgage lender and real estate investor himself, and has been in the ...
2010-01-07 12:12:00 -
Mortgage Q&A: Is 2010 the year to buy? - Washington Times
Q . My husband and I have been renting an apartment since we finished school in 2007. I just had a baby, and we are considering buying our first home. We have enough money saved for a 20 percent down payment and have been preapproved for a loan of ...
2010-01-07 11:08:00 -
How to find the best mortgage for 2010 - This is Money
If you want more advice, scout out the best deal online, make sure you've read our mortgage guides and then take that information with you to a broker for a free consultation session. Most brokerages will now offer fee-free and obligation-free ...
2010-01-07 07:04:00 -
National Thirty-Year Fixed Mortgage Rate Rises for Fourth Consecutive ... - Melodika.net
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased twelve basis points last week to 5.05 percent, up from 4.93 percent the week prior, according to the Zillow Mortgage Rate Monitor ...
2010-01-07 12:26:00 -
Escaping the mortgage battlefront - Marketplace.publicradio.org
TESS VIGELAND: Last year thousands of people either went into foreclosure or got really close to it. And our next commentator had a front row seat to the carnage. Harriet Brackey: Whenever I write about mortgage loan modifications, I feel like I'm a ...
2010-01-08 10:05:00 -
Former Maryland Bank Employee Sentenced in Mortgage Fraud Scheme - American Chronicle
BALTIMORE, MD—U.S. District Judge J. Frederick Motz sentenced Jamilah Al-Bari, age 37, of District Heights, Maryland, today to a year and a day in prison, followed by five years of supervised release, for mail fraud arising from the fraudulent ...
2010-01-03 11:37:00 -
Free job-loss mortgage insurance? - Yahoo Finance
Job-loss mortgage insurance -- which pays all or part of your mortgage payment if you lose your job -- can bring peace of mind to homeowners and would-be homebuyers alike. And it's often available at no cost to the homebuyer. With the unemployment ...
2010-01-07 04:56:00 -
Principal cuts on lender menus as foreclosures rise - Danbury News-Times
In deferrals, the borrower must pay back the full amount on the original mortgage when he sells the property; if the ultimate sales price doesn't cover the principal ... The monthly tab on the house he bought in 2006 is now $1,314. "It's like I got a ...
2010-01-08 08:03:00 -
NYC Stuyvesant Town complex misses payment - Yahoo Finance
NEW YORK (Reuters) - The joint venture led by Tishman Speyer and BlackRock that owns New York's vast Stuyvesant Town/Peter Cooper Village apartment complex on Friday said it missed a loan payment, putting it in a much-anticipated default. Credit ...
2010-01-08 04:29:00 -
The Option ARM Hitch - Housing Wire
Editor's note: This excerpt highlights coverage in this month's HW Magazine . Subscribe now to get the full story. The end is near. The 60-month period from the origination of a certain type of mortgage to the readjustment of its monthly payment is ...
2010-01-08 06:52:00 -
Are You Facing Foreclosure? Get The Resources To Help Adjust Your Loan ... - PRLog (free press release)
If you do not have access to the internet ... process, the next step is to assess what your payment situation is with your lender. In general, a mortgage company will begin the foreclosure process within three to six months of the first missed ...
2010-01-08 08:03:00 -
Metro-east foreclosures drop in 2009 - News-Democrat
The number of foreclosures filed in the metro-east dropped last year and ananlysts said it could be proof that programs that assist homeowners struggling to pay their mortgages are working. Although more than 130 homeowners applied for foreclosure in ...
2010-01-08 06:38:00 -
What’s ahead for mortgages in 2010? - Edmond Sun
EDMOND — If 2008 was the year of the foreclosure, when we saw record numbers of defaulted home loans and people walking away from their homes, and 2009 was the year of refinance, with interest rates hovering at insanely low rates in the low to mid ...
2010-01-08 06:02:00 -
Debra McCormick and Justin McCormick earn prestigious designation to ... - Greenville News
Debra McCormick and Justin McCormick with THE HOME TEAM @ RE/MAX Foothills Downtown have earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales ...
2010-01-08 06:52:00