Archive for March, 2008
Mortgage rates stay below 6 percent
Posted on March 29, 2008 at 7:49 amMortgage rates stay below 6 percent
Rates on 30-year mortgages edged down slightly this week, staying below 6 percent, although rates on other types of mortgages rose.
Mortgage bankers cleaning up mess they made
Across the country, key players in the real estate boom are adapting to the new reality of the marketplace and are finding new success by offering solutions to the problems they helped to create.
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Fannie, Freddie may raise $20 billion
Posted on March 28, 2008 at 3:56 pmFannie, Freddie may raise $20 billionFannie Mae’s and Freddie Mac’s regulator will allow the mortgage financiers to raise as much as $20 billion in capital as part of an agreement that lets them buy more debt securities, Bloomberg News said on Friday.
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Newsweek: How to modify your mortgage
Posted on March 28, 2008 at 10:02 amModifying a mortgage isn't easy. Here's what you need to know.
Angie, a systems specialist, and her husband Raul, a Navy chief petty officer, purchased a home in Pensacola, Fla. The couple was careful to find a home they were convinced they could afford. They offered $205,000 on the property and went online to find a 30-year fixed-rate mortgage, putting no money down. In the weeks before closing, everything went smoothly. Their mortgage broker had offered them a fixed-rate loan at 8 percent, with a "piggyback" loan at 11 percent to make up for their lack of down payment.
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Housing advocates protest Bear Stearns bailout
Posted on March 28, 2008 at 8:53 amHousing advocates protest Bear Stearns bailout
Protesters opposed to the Fed’s help in bailing out Bear Stearns entered the lobby of the investment bank’s Manhattan HQ Wednesday, demanding assistance for homeowners.
Mortgage bankers cleaning up mess they made
Across the country, key players in the real estate boom are adapting to the new reality of the marketplace and are finding new success by offering solutions to the problems they helped to create.
McCain's housing crisis options
John McCain wants to leave the door open to a wide array of proposals to address the turmoil in home financing.
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Las Vegas Foreclosures
Posted on March 15, 2008 at 8:40 amThe Las Vegas foreclosure market is currently #1 in the country based on recent data from, RealtyTrac . While this is not surprising to some, this is reality to the hundreds of thousands of investors that bought property in Las Vegas.
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