Refinance News
Where To Shop For Your Home Mortgage LoanNot too long ago, if you wanted a home mortgage, you went to your banker where you did your deposits and consumer loans. You showed up at the branch a… Read more » Read More →
Money Saving Home Mortgage TipsMost homebuyers underestimate the costs of carrying a home mortgage. Let’s assume that you have a typical 30 year fixed mortgage. The borrowing rate i… Read more » Read More →
It Pays To Get Pre-Approved For A MortgageWhen you shop for your home, your real estate agent along with the potential vendor will take you more seriously if they know if you already have been… Read more » Read More →
Biweekly Mortgage Payment Plan Helps You Pay Off Mortgage QuickerA biweekly mortgage payment plan is an arrangement where you make a payment that is half of your regular mortgage payment every two weeks. Since there… Read more » Read More →
What is a Reverse Mortgage?You never heard of a reverse mortgage before? A mortgage reverse is a home loan that lets older homeowners to translate part of the equity in their ho… Read more » Read More →
Lower Mortgage Rates Lead to a Bona Fide Refinance BoomDeck the halls with low mortgage rates, fa la la la la, la la, la la. Tis the season for lower mortgage rates, fa la la la la, la la, la la. Read More Read more » Read More →
Low Interest Rates, Low Housing Prices and Lower Down Payments - The Home Buying Stars Have Aligned!Want to start off the New Year with some good news? (We thought so.) If your New Year’s resolution centers around buying a home, there are THREE big things going on that you should know about. The home buying stars have aligned, and they’re telling you to take advantage. Low interest rates,... Read more »
Due to Low Mortgage Interest Rates, Homeowners Continue to Apply for Mortgages in Record NumbersUndaunted by the holiday season, consumers continued to apply for mortgages in record numbers last week, according to the latest Weekly Mortgage Applications Survey, released today by The Mortgage Bankers Association (MBA). Read more » Read More →
New Year, Great Mortgage RatesBad news for the economy translates into great news for mortgage rates, which are at their lowest in years. When the economy is slow, rates are low. If you are looking to buy or refinance, the market is on your side. Read more » Read More →
Latest Mortgage Applications Report Shows Home Purchases Picking Up SteamLast week, the number of Americans applying for mortgages decreased from the previous week, according to a report released today by the Mortgage Bankers Association (MBA). Read more » Read More →
Mortgage
A Conversation With Netflix CEO Reed HastingsWhat the movie titan thinks about … well, lots of things. Read more » Read More →
EnCana’s New Oil Sands PlanThe top Canadian shop’s got some steam up its sleeve. Read more » Read More →
The Worst Way to InvestHedge fund managers get major kudos and major paydays for making risky calls. Don’t bother trying that at home. Read more » Read More →
Gold Fields Draws a Treasure MapGold Fields offers route to ambitious production targets. Read more » Read More →
The Next 2 Dividend Burnouts?Uh oh … Read more » Read More →
Acorda’s Upcoming ExcitementAcorda is seeking FDA approval for a pill to improve the walking ability of multiple sclerosis patients. Read more » Read More →
A Big Upgrade for Tenet HealthcareThis bullish call comes from more than just one analyst. Read more » Read More →
Wall Street’s Worst-Kept SecretHey, buddy! Want some personal investment advice? Read more » Read More →
Smart Move, CienaThe Maryland telecom equipment maker spies a bargain. Read more » Read More →
This Just In: Upgrades and DowngradesCredit Suisse pours sugar in Chesapeake’s gas tank. Read more » Read More →
Investment News
Avoid Hidden Fees Adding Points To Your Credit ScoreThanks to the subprime mess, and the huge losses in the housing market, banks have been more reluctant to lend money. Although I think the credit crunch is greatly exaggerated, if you want to get a loan, you need to be able to show that you are credit-worthy. One of the main things you can do to help... Read more »
Diversity In An Unstable MarketIn my post from a couple days ago, detailing the Investment Advice Of David Swensen, I thought there was a good lesson in diversification. I thought I would breakdown the different ways you can diversify your investments, and hopefully avoid getting hurt in an unstable market. Read more » Read More →
Recession-Proof Home ImprovementsI have been contemplating a cross-country move from where I live in Arizona, to South Florida for the last couple of months now. I haven’t officially decided what to do, but I know that if I go, selling my house will probably not be easy. The market here has seen home prices dropping, and taking... Read more »
Investment Advice From David SwensenThere is a really great piece from NPR about David Swensen, and how he managed to grow Yale’s endowment at an average of 16.8 percent a year over the past two decades. Swensen’s basic formula for creating an investment portfolio for good returns while managing risk: Read more » Read More →
Mortgage News
Are Seniors the Next Targets for the Next Subprime Crisis?Many of the same U.S. mortgage lenders that contributed to the real estate boom by lending money to buyers without verifying their ability to make the payments now... Read more »
Stronger Economy - The Feds Will Slow Mortgage PurchasesThe Obama administration and the homebuyer’s tax credit went a long way to stabilizing the housing market, with the Standard and Poor’s Supercomposite... Read more »
Fed’s Eventual Rate Hike Could Be DramaticThe Federal Reserve governor made statements Friday that left the markets wondering if the Fed will drastically tighten interest rates when the time comes, instead... Read more »
Five Advantages of Refinancing Your Mortgage Right NowWith all of the foreclosures and bad financial news one would think that there is nothing going on in the refinancing market segment right now. But, that is far... Read more »
Interest Rates Fall Below 5 Percent AgainFor the first time since May, interest rates on long-term mortgage loans dropped below 5 percent this week, reaching near-record lows, according to mortgage financier... Read more »
Unemployment to Hit 10 Percent, But Home Sales Going StrongFormer Federal Reserve Chairman Alan Greenspan is saying that the U.S. unemployment rate is going to break the 10 percent mark before long and hover there for awhile... Read more »
4 Things to Watch for in Loan Modification ProgramsMortgage companies are rolling out modification programs to help strapped borrowers who are behind on house payments. However, it appears that not all of the “help”... Read more »
Option ARMS – The Next Wave of Foreclosures is About to HitAccording to top state officials another wave of foreclosures is about to break across the country, this time in the form of resetting option ARM loans. Read more... Read more »
Mortgage Delinquencies Accelerating at Fast PaceIt seems there can be no complete recovery of the housing market until the job market stabilizes. New data from Equifax, reported by Reuters news today, showed that... Read more »
Where are Mortgage Rates Headed in September?During the first two weeks of September 2009, mortgage interest rates have trended downward and are considerably lower than August’s averages. According to... Read more »
Lenderama News
Mortgage Market UpdateIf you are as tired as I am these days, then this coming week will offer some rest as economic data is on the low side. That being said, you can’t let your guard down just because mortgage backed securities did what was expected and seem to be in rally mode. Read more » Read More →
Confessions of an A.D.D. Loan Officer Part I“How Many A.D.D. kids does it take to screw in a light bulb? Read more » Read More →
Mortgage Market Updatehat an interesting week it is starting of to be for me. It will also likely be an interesting week for mortgage backed securities as well. For those interested, it looks like I will be on FOX Business News at 1:00pm ET to discuss this morning’s article in the Wall Street Journal. Read more » Read More →
Mortgage Market UpdateHave you ever awakened and wondered what you were doing, or where you are? As much as I travel, it happens to me once in a while and mortgage backed securities may feel the same way right now as they have been up and down a lot in the last few trading days and do not seem to know where they are, or... Read more »
Emergency State of the Union with NAMB Prez Jim Pair – Oct 1st at 12noon EST, 9am PSTRead more » Read More →
Mortgage Market UpdateToday is Labor Day, a day when we celebrate and recognize all of the accomplishments of workers, as well as the labor movement. And today, we take a break to recognize the hard work that mortgage bonds did this past week in breaking through the ceiling of resistance. Read more » Read More →
Mortgage Market UpdateGreetings to all. This week’s update is coming live from the RE BarCamp in Miami. Being that you are likely in the real estate industry in some fashion, I highly recommend getting to a few of the events such as these so you can learn more and more about social media and how it can help your business. ... Read more »
Famous Last Words: What is your (mortgage professional) lasting impression?Image via Wikipedia Read more » Read More →
A Must Read Guest Column on the New GFE and Elimination of YSPHere’s a well articulated email I received today from mortgage professional Jon Bodan of The Perpetual. I think we should all read, discuss, distribute and act upon it: Read more » Read More →
Mortgage Market UpdateWe all know that when you squeeze an orange, orange juice comes out. But what happens when you squeeze mortgage backed securities? Well, we may find out finally this week. Read more » Read More →