Plunkett's Banking, Mortgages and Credit Industry Almanac 2009: Banking, Mortgages and Credit Industry Market Research, Statistics, Trends and Leading ... Banking, Mortgages & Credit Industry Almanac)
Left Foot Forward (Free subscription) | yesterday
Today’s Daily Telegraph reports that Sir Ian Kennedy, the new head of IPSA - the Independent Parliamentary Standards Authority, set up to “represent a break from old practices and put in place a new independent system” on MPs’ pay and expenses - “plans to rip up the proposed reforms” unveiled ...
iStockAnalyst.com (Free subscription) | 06/11/2009
If you are not familiar with what an option ARM mortgage is, read this piece (Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs')). I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest only mortgages? Yep I knew about those. [More...]
General Financial (Free subscription) | 06/11/2009
By Karen Simpaon Loan modification describes the process by which the borrower and lender agree to modify the original terms of a mortgage contract. Generally any type of loan is able to be modified with certain terms altered but the process is mostly utilized with mortgages. Loan modifications have over the last year jumped in usage as a result of the national housing crisis. It has been used to help...
LA Biz Observed (Free subscription) | yesterday
Bev Hills billionaire Ron Burkle has $56 million in loans against his two houses. The McCourts have borrowed $28 million on their properties.
New York Times (Free subscription) | 06/11/2009
The federal government is poised to enact rules to combat discrimination on loans backed by the Federal Housing Administration.
Wall Street Pit (Free subscription) | 06/11/2009
If you are not familiar with what an option ARM mortgage is, read this piece [Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs']. I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest only mortgages? Yep I knew...
The Charlotte Business Journal (Free subscription) | 06/11/2009
Average rates on 30-year fixed-rate mortgages fell back below 5 percent in the week ending Nov. 5, according to Freddie Mac's weekly rate report. (FRE)
The Young Professional Blogs Aggregator (Free subscription) | 06/11/2009
If you are a senior and own your home, you might be eligible for a reverse mortgage . A reverse mortgage allows you to borrow against the equity you hold in your home and enjoy the money as you see fit. The only requirements are that you must be at least 62 years of age as well as own a substantial amount of equity in the home that you live in. When you pass away, your home will be sold by your estate...
Altos Research Real Estate Insights (Free subscription) | 06/11/2009
Back in July, I analyzed housing market activity in Jumbo mortgage price zones based on a New York Times article describing how borrowers found it difficult to gain approval for a non-conforming loan. In July, I noted that the homes exiting the market (Listings Absorbed) were doing so at price levels just below the $729k [...]
FinanceProfessor.com (Free subscription) | 06/11/2009
SSRN-Who Selected Adjustable-Rate Mortgages? Evidence from the 1989-2007 Surveys of Consumer Finances by John Beshears, Daniel Bergstresser: "Who Selected Adjustable-Rate Mortgages? Evidence from the 1989-2007 Surveys of Consumer Finances"Interesting and important, but not all that surprising. From the introduction:"...a lack of financial sophistication may have made a subset of households...
Business Wire (Free subscription) | 06/11/2009
STATE COLLEGE, Pa.--(BUSINESS WIRE)--Lance Shaner, Chairman and Chief Executive Officer of Pennsylvania based Shaner Hotel Holdings, is pleased to announce the acquisition of $154,400,000 in performing hotel loans in 2009. In two separate transactions $64,400,000 of hotel mortgages were acquired by Shaner Growth Fund LP, owned by Lance Shaner. A third transaction for $90,000,000 was acquired by a private...
Globe and Mail (Free subscription) | 06/11/2009
Investing in mortgages can be a way to get a solid return; but don't leap without a careful look
- Are You Riled Up? - (Free subscription) | 06/11/2009
Gift cards that aren’t only for a particular store are also great gifts for birthday presents, anniversary presents (although probably not between spouses, who would like something a little more personal and long-lasting), and much more …Continue Reading
All The (Useless) Info... (Free subscription) | 06/11/2009
By Dora Wampler The following article includes pertinent information that may cause you to reconsider what you thought you understood about the top 10 fixed rate mortgages. The most important thing is to study the cheapest fixed rate mortgages with an open mind and be willing to revise your understanding if necessary. Reverse mortgages can be a godsend for seniors who are short on cash but have equity...
Eco Friendly Mag (Free subscription) | 06/11/2009
Could Cap and Trade Cause the Next Subprime Mortgage Scale Financial Crisis? Photo via First Strung A new report from the Friends of the Earth says that cap and trade systems are dangerous. They allow traders to package emissions permits into complex financial products and sell them in bundles–much like they did with subprime mortgages. And [...]
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neilsamsung | 02/10/2009
Sacramento offers a variety of investment options to a prospective Sacramento investor. Residential real estate housing ranges from low-income properties to multi-million dollar estate s and is known to have had some of the best appreciation rates in the state. Sacramento has also seen marked advances in commercial real estate with the construction of new high-rise buildings, expansion of employment...
neilsamsung | 27/09/2009
The recent report released by Mortgage Bankers Association on Mortgage Foreclosure numbers, revealed that at present the mortgage market is involved in the most awful foreclosure crisis in the recorded history. It is almost 15 percent of the sub prime borrowers defaulted and the prime borrowers have started to follow suit. During the last few years, many people with the help of easy credit and adjustable...
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