Mortgage
Ethics Committee Clears Dodd, Conrad – Washington Post
Aug 7th
New York Times Ethics Committee Clears Dodd, Conrad Washington Post The Senate Select Committee on Ethics on Friday dismissed complaints against Sens. Christopher J. Dodd (D-Conn.) and Kent Conrad (DN.D.) that they used their positions of power to obtain special deals on home … Lawmaker Blocking Countrywide Subpoena Received Loans From Firm Bloomberg Ethics panel bill would clarify mortgage rules San Francisco Chronicle Senate Ethics Panel Clears Dodd on Countrywide Loans Wall Street Journal FOXNews
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Panel: Senators’ VIP loans broke no Senate rules (AP)
Aug 7th
AP – A committee that investigated VIP mortgage deals for Democratic Sens. Chris Dodd and Kent Conrad has cleared both of them of breaking Senate rules.
View post: Panel: Senators’ VIP loans broke no Senate rules (AP)
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US Considers Remaking Mortgage Giants – Washington Post
Aug 5th
MiamiHerald.com US Considers Remaking Mortgage Giants Washington Post The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip the mortgage finance giants of hundreds of billions of dollars in troubled loans and create a new structure to … White House views splitting Fannie, Freddie assets Reuters As US Weighs Future of Housing Giants, Overseer Is Leaving New York Times Report: US Considers Remaking Fannie Mae, Freddie Mac FOXNews Bloomberg
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US Durable Goods Orders Rise Excluding Cars, Planes – Bloomberg
Jul 29th
Washington Post US Durable Goods Orders Rise Excluding Cars, Planes Bloomberg July 29 (Bloomberg) — Orders for US durable goods, excluding automobiles and aircraft, unexpectedly rose in June, signaling manufacturing may expand in the second half of the year. Excluding transportation equipment, demand for goods … US durable goods orders slump, mortgage demand wanes Reuters Durable-Goods Orders Tumble on Planes, Cars Wall Street Journal US Stock Futures Slide On Durable Goods Data; DJIA Off 34 MarketWatch Forbes
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Why Do Lenders Prefer a Loan Modification Over a Foreclosure?
Jul 21st
Lenders are known to be difficult when it comes to loan modifications. But did you know that they benefit at least as much from the process as you do? The main reason they balk at Mortgage Modification is that they have to train agents to handle them, and each case requires individual attention. But it also saves them a good deal of time compared to foreclosure, and may even have a few long-term benefits. Here are some good reasons why your lender might prefer a loan modification over a foreclosure.It’s faster and cheaper. In a foreclosure, there are specific wait More >
Sub Prime Loan Modification
Jul 11th
Sub-prime lending is a type of credit given to homeowners who do not meet the criteria for regular (“prime”) loans. A typical sub-prime borrower has a poor or limited credit history and a FICO score of less than 620. These factors make them a risky investment for regular lenders, which keeps them from taking out loans. To compensate for the risk, sub-prime lenders impose higher costs on their contracts. For credit cards, this is usually a higher fee for over-the-limit spending or late fees. Sub-prime mortgages usually have higher interest rates and stricter terms. Contrary to popular belief, sub-prime lending is More >
What’s the Low Down on Loan to Value?
Jul 7th
It’s not very often that a borrower takes into heavy consideration what his loan to value is when shopping for a loan. In fact, if the subject is brought up by the customer, it’s mostly in relation to avoiding paying monthly mortgage insurance. But sometimes, a loan to value can affect even more aspects of your loan – like pricing and approval!What is loan to value? Well, it’s exactly what it says. The loan amount compared to the value of the home you are buying or refinancing. For example, if you are buying a $100,000 home, and your loan amount More >
PHILADELPHIA'S MORTGAGE FORECLOSURE PROTECTION PLAN HAILED AS … – Blinq
Jun 11th
New York Daily News PHILADELPHIA'S MORTGAGE FORECLOSURE PROTECTION PLAN HAILED AS … Blinq Philadelphia, June 11 – Mayor Michael A. Nutter joined New York Mayor Michael R. Bloomberg today as Mayor Bloomberg announced his plan to help New Yorkers avoid mortgage foreclosure, a plan modeled on the Philadelphia Mortgage Foreclosure Protection … City can help you keep your home New York Daily News Other cities seek Nutter's counsel on mortgage program Philadelphia Inquirer Reuters
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Senate defeats anti-foreclosure proposal – The Associated Press
Apr 30th
AFP Senate defeats anti-foreclosure proposal The Associated Press WASHINGTON (AP) – The Democratic-controlled Senate on Thursday defeated a plan to spare hundreds of thousands of homeowners from foreclosure through bankruptcy, a proposal that President Barack Obama embraced but did little to see through. Senate Refuses to Let Judges Fix Mortgages in Bankruptcy New York Times Senate Defeats Mortgage ‘Cram-Down' as Democrats Balk Bloomberg CNNMoney.com - Forbes - United Press International - Politico all 562 news articles
Read more from the original source: Senate defeats anti-foreclosure proposal – The Associated Press
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Obama Highlights Housing Programs' Progress – Washington Post
Apr 9th
ABC News Obama Highlights Housing Programs' Progress Washington Post By Renae Merle President Obama touted his administration's efforts to lower mortgage rates today in a roundtable discussion with Washington area homeowners who have benefited from refinancing into more affordable loans. Video: Obama Offers Way for Homeowners to Save Bucks The Associated Press Obama Refocuses on Economy After Foreign Trip Voice of America CNN - USA Today - msnbc.com - United Press International all 1,835 news articles
Read the original post: Obama Highlights Housing Programs' Progress – Washington Post
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