Lenders Agree More Disclosure Is Needed on 'No Cost' Mortgages
MarketWatch.com - Apr 8, 2007
The Realty Q&A discussion of no-cost mortgages has taken on a life of its own. Over three columns, the pros and cons of paying closing costs in cash at settlement and obtaining a loan with a low interest rate versus a higher-rate loan with no out-of-pocket costs...
Mortgage Market Dries Up For American Home
Forbes.com - Apr 9, 2007
The turmoil that has plagued the U.S. mortgage market so far this year got a little worse on Monday, when lender American Home Mortgage said it was having trouble selling loans on the secondary market, forcing it to slash its earnings estimates for...
Mortgage Bond Prepayments Increase
Reuters via MSN Money - Apr 9, 2007
Fannie Mae (FNM) Stock Quote, Chart, News Freddie Mac (FRE) Stock Quote, Chart, News NEW YORK (Reuters) - Prepayments on U.S. mortgage-backed securities increased in March due to a combination of higher volume of home loan...
Tap Into Equity With a Reverse Mortgage
TheStreet.com - Apr 9, 2007
Grace Grimm was widowed in her 30s and raised three daughters and a foster son. Last year, the 72-year-old Hummelstown, Pa., native decided she was ready to 'enjoy life a little bit,' but felt she couldn't give up her job at Verizon...
When a Home Loan Isn't in Your Name
Kiplinger - Apr 6, 2007
I own a house, and I am paying the mortgage. The loan (and Form 1098) is in the name of a relative because otherwise I could not get the loan. Can I deduct the mortgage interest? ...
Salinas feels pinch from subprime mortgages
Mass High Tech - Apr 6, 2007
Salinas -- two years ago named the least affordable place to live in the United States -- is adding another dubious distinction to its resume: two areas of the city are leading Monterey County in the number of home loan default notices issued. Such...