MORTGAGES: Avoiding Refinancing Costs After Divorce
In a release of liability, the lender is asked to remove a former spouse's name from the joint mortgage, though it's not as simple as it sounds.
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Saturday, April 9, 2011
Citi’s New Policy May Mean Fewer Bounced Checks
For more: http://nyti.ms/ehmrsV
Citibank says it will change the way it processes customers’ checks, a move that could result in fewer fees for bounced checks for account holders.
For more: http://nyti.ms/ehmrsV
Citibank says it will change the way it processes customers’ checks, a move that could result in fewer fees for bounced checks for account holders.
Good News for Spouses of Reverse Mortgage Holders
For more: http://nyti.ms/hZc3fc
In the face of a lawsuit from the AARP Foundation, the Department of Housing and Urban Development has backed off an apparent policy change that was putting some widows and widowers on the brink of foreclosure.
For more: http://nyti.ms/hZc3fc
In the face of a lawsuit from the AARP Foundation, the Department of Housing and Urban Development has backed off an apparent policy change that was putting some widows and widowers on the brink of foreclosure.
Friday, April 8, 2011
Groupon gets into real estate with Dream Town
For more: http://bit.ly/fWK6yQ
Dream Town says it is the first company to offer a residential real estate deal through Groupon. The firm joins a list of businesses in diverse sectors experimenting with a group buying as a novel marketing strategy.
For more: http://bit.ly/fWK6yQ
Dream Town says it is the first company to offer a residential real estate deal through Groupon. The firm joins a list of businesses in diverse sectors experimenting with a group buying as a novel marketing strategy.
A Matter of Trust: Giving Away a Home
For more: http://bit.ly/hVVu29
Depressed real-estate values and changes in tax rules make this a good time for older homeowners to transfer property to their children using a specialized trust designed to save on gift and estate taxes.
For more: http://bit.ly/hVVu29
Depressed real-estate values and changes in tax rules make this a good time for older homeowners to transfer property to their children using a specialized trust designed to save on gift and estate taxes.
A Niche in the Wreckage of Florida Real Estate
For more: http://nyti.ms/hgTvIs
“If Florida is going to have a comeback anytime soon, investors are going to have to play a role,” said Rick Sharga, a senior vice president at RealtyTrac. “There are just too many properties for traditional home buyers to absorb.”
For more: http://nyti.ms/hgTvIs
“If Florida is going to have a comeback anytime soon, investors are going to have to play a role,” said Rick Sharga, a senior vice president at RealtyTrac. “There are just too many properties for traditional home buyers to absorb.”
More than 60,000 Jefferson County homes getting lower assessments
For more: http://bit.ly/eFzWTd
A record number of Jefferson County homes will see their property value assessments lowered this year — fueled by a depressed housing market and foreclosures that are deflating some home values as much as 15 percent, county officials say.
For more: http://bit.ly/eFzWTd
A record number of Jefferson County homes will see their property value assessments lowered this year — fueled by a depressed housing market and foreclosures that are deflating some home values as much as 15 percent, county officials say.
Thursday, April 7, 2011
Prices are low! Mortgages cheap! But you can't get one
For more: http://bit.ly/faGCDQ
"Good borrowers with one or two blemishes on their credit are being denied credit," said Lawrence Yun, chief economist for the National Association of Realtors.
For more: http://bit.ly/faGCDQ
"Good borrowers with one or two blemishes on their credit are being denied credit," said Lawrence Yun, chief economist for the National Association of Realtors.
IMF urges U.S. budget include Fannie, Freddie costs
For more: http://bit.ly/hqQTCN
The United States should include in its budget the cost of mortgage loan guarantees and other housing supports, the International Monetary Fund said on Wednesday in a rare criticism of its biggest shareholder.
For more: http://bit.ly/hqQTCN
The United States should include in its budget the cost of mortgage loan guarantees and other housing supports, the International Monetary Fund said on Wednesday in a rare criticism of its biggest shareholder.
Wednesday, April 6, 2011
Fed members raise specter of higher interest rates
For more: http://bit.ly/f1Zfle
Federal Reserve officials raised concerns last month that a big jump in energy prices could weaken the economy and unleash inflation, prompting a few to suggest the possibility of tightening credit this year.
For more: http://bit.ly/f1Zfle
Federal Reserve officials raised concerns last month that a big jump in energy prices could weaken the economy and unleash inflation, prompting a few to suggest the possibility of tightening credit this year.
Servicers Said to Agree to Revamped Foreclosures
For more: http://nyti.ms/eZoFVq
The nation’s top mortgage servicers are expected to sign legal agreements by the end of this week compelling them to change their foreclosure procedures, regulatory officials said Tuesday.
For more: http://nyti.ms/eZoFVq
The nation’s top mortgage servicers are expected to sign legal agreements by the end of this week compelling them to change their foreclosure procedures, regulatory officials said Tuesday.
Wells Fargo Settles Case Originating At Wachovia
For more: http://nyti.ms/hwa74Z
Even as Wall Street churned out mortgage-backed securities and derivatives in 2006, the sellers of the often-convoluted packages sometimes knew that parts of the deals — namely those that they could not sell — were worth far less than face value.
For more: http://nyti.ms/hwa74Z
Even as Wall Street churned out mortgage-backed securities and derivatives in 2006, the sellers of the often-convoluted packages sometimes knew that parts of the deals — namely those that they could not sell — were worth far less than face value.
Tuesday, April 5, 2011
SEC sought information from BofA on loan-loss reserves: filing
For more: http://bit.ly/hMTRvJ
The Securities and Exchange Commission (SEC) sought information from Bank of America Corp last year about the loan-loss reserves used to repurchase faulty home loans, company filings showed. In an exchange of letters, the SEC had also asked the bank to explain its methodology of establishing repurchase reserves.
For more: http://bit.ly/hMTRvJ
The Securities and Exchange Commission (SEC) sought information from Bank of America Corp last year about the loan-loss reserves used to repurchase faulty home loans, company filings showed. In an exchange of letters, the SEC had also asked the bank to explain its methodology of establishing repurchase reserves.
Mortgage Rates Rise a Fraction
For more: http://bit.ly/fni0Ua
Average interest rates for 30-year and 15-year mortgages rose in the week ending March 31, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
For more: http://bit.ly/fni0Ua
Average interest rates for 30-year and 15-year mortgages rose in the week ending March 31, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
Personal bankruptcy filings fall 6% in first quarter
For more: http://bit.ly/eZCsS6
Personal bankruptcy filings had been climbing steadily since 2007, when the U.S. fell into a deep recession that has left millions of Americans unemployed.
For more: http://bit.ly/eZCsS6
Personal bankruptcy filings had been climbing steadily since 2007, when the U.S. fell into a deep recession that has left millions of Americans unemployed.
Wages not rising with consumer prices
For more: http://wapo.st/fc3Nd9
Inflation is back, with higher prices for food and fuel hammering American consumers, and this time it really hurts. It’s not just that prices are rising — it’s that wages aren’t.
For more: http://wapo.st/fc3Nd9
Inflation is back, with higher prices for food and fuel hammering American consumers, and this time it really hurts. It’s not just that prices are rising — it’s that wages aren’t.
Fed Help Kept Banks Afloat, Until It Didn’t
For more: http://nyti.ms/fT95Xq
The loans through the so-called discount window transformed a little-used program for banks that run low on cash into a source of long-term financing for troubled institutions, some of which borrowed regularly from the Fed for more than a year.
For more: http://nyti.ms/fT95Xq
The loans through the so-called discount window transformed a little-used program for banks that run low on cash into a source of long-term financing for troubled institutions, some of which borrowed regularly from the Fed for more than a year.
Monday, April 4, 2011
Calculate your mortgage rates, using your phone
For more: http://bit.ly/fqLqtt
There’s a new iPhone app in town that not only gives you your credit score from all three major providers, but also enables you to calculate your mortgage rate, using your credit score as a barometer. And guess what? It’s free.
For more: http://bit.ly/fqLqtt
There’s a new iPhone app in town that not only gives you your credit score from all three major providers, but also enables you to calculate your mortgage rate, using your credit score as a barometer. And guess what? It’s free.
Federal jury finds two guilty in mortgage fraud scheme
For more: http://bit.ly/fjP859
Two of the main figures in a mortgage fraud scheme that prosecutors say was one of the largest in the country were found guilty of the conspiracy Friday.
For more: http://bit.ly/fjP859
Two of the main figures in a mortgage fraud scheme that prosecutors say was one of the largest in the country were found guilty of the conspiracy Friday.
Sunday, April 3, 2011
Why Red Flags Can Go Unnoticed
For more: http://nyti.ms/i4baUP
In the wake of recent disasters — from nuclear reactor failures to oil spills to the collapse of the subprime mortgage market — we have focused on which people and institutions might be to blame. How, we ask in hindsight, could people and institutions have failed to foresee clear signs of trouble — even in the face of warnings?
For more: http://nyti.ms/i4baUP
In the wake of recent disasters — from nuclear reactor failures to oil spills to the collapse of the subprime mortgage market — we have focused on which people and institutions might be to blame. How, we ask in hindsight, could people and institutions have failed to foresee clear signs of trouble — even in the face of warnings?
Gauging the Pain of the Middle Class
For more: http://nyti.ms/eiYUUz
Like everyone else, government officials want to look good. That often leads them to enact policies that promote favorable movements in the indexes by which they are judged. But when those indexes are imperfect, bad choices often result. And that’s nowhere more evident than in economic policy.
For more: http://nyti.ms/eiYUUz
Like everyone else, government officials want to look good. That often leads them to enact policies that promote favorable movements in the indexes by which they are judged. But when those indexes are imperfect, bad choices often result. And that’s nowhere more evident than in economic policy.
The Bank Run We Knew So Little About
For more: http://nyti.ms/es1GDt
On Aug. 20, Commerzbank of Germany borrowed $350 million at the Fed’s discount window. Two days later, Citigroup, JPMorgan Chase, Bank of America and the Wachovia Corporation each received $500 million. As collateral for all these loans, the banks put up a total of $213 billion in asset-backed securities, commercial loans and residential mortgages, including second liens. Thus began the bank run that set off the financial crisis of 2008. But unlike other bank runs, this one was invisible to most Americans.
For more: http://nyti.ms/es1GDt
On Aug. 20, Commerzbank of Germany borrowed $350 million at the Fed’s discount window. Two days later, Citigroup, JPMorgan Chase, Bank of America and the Wachovia Corporation each received $500 million. As collateral for all these loans, the banks put up a total of $213 billion in asset-backed securities, commercial loans and residential mortgages, including second liens. Thus began the bank run that set off the financial crisis of 2008. But unlike other bank runs, this one was invisible to most Americans.
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