Mortgage Rates Hold Steady
For more: http://bit.ly/fwBdrL
Rates on the 30-year fixed-rate home mortgage averaged 4.81% for the week ended Feb. 3, up just slightly from 4.80% last week.
Saturday, February 5, 2011
A Retirement Program for the Risk-Averse
For more: http://nyti.ms/hOf29q
Even the most disciplined savers are heavily relying on the stock market to reach their retirement goals. But that often amounts to a giant gamble, which is the thrust of the thinking behind a new retirement planning program that treats investing in stocks like a trip to the casino.
For more: http://nyti.ms/hOf29q
Even the most disciplined savers are heavily relying on the stock market to reach their retirement goals. But that often amounts to a giant gamble, which is the thrust of the thinking behind a new retirement planning program that treats investing in stocks like a trip to the casino.
Regulators Close 3 Failed Banks
For more: http://nyti.ms/gc4bZt
Regulators on Friday shut down three small banks in Georgia and Illinois, bringing to 14 the number of bank failures this year.
For more: http://nyti.ms/gc4bZt
Regulators on Friday shut down three small banks in Georgia and Illinois, bringing to 14 the number of bank failures this year.
Bank of America to Create Troubled Loans Unit
For more: http://nyti.ms/egCnWC
The entity, known as Legacy Asset Servicing, will become the repository for tens of billions of dollars in troubled assets, including many subprime products that are no longer offered by Bank of America but continue to hang over the company.
For more: http://nyti.ms/egCnWC
The entity, known as Legacy Asset Servicing, will become the repository for tens of billions of dollars in troubled assets, including many subprime products that are no longer offered by Bank of America but continue to hang over the company.
Friday, February 4, 2011
As part of overhaul, Obama administration eyes less federal backing for home loans
For more: http://wapo.st/hjTg7t
Administration officials, who are preparing a white paper on overhauling the nation's housing finance system, are looking at scaling back the support provided during the mortgage crisis to help the ailing real estate market.
For more: http://wapo.st/hjTg7t
Administration officials, who are preparing a white paper on overhauling the nation's housing finance system, are looking at scaling back the support provided during the mortgage crisis to help the ailing real estate market.
Home Equity Lending Is Back
For more: http://bit.ly/fqGwIL
After more than three years, some lenders are cautiously re-entering the second mortgage market. The effect hasn't registered in the national statistics yet, but regional banks are reporting significant increases. In the Midwest, Associated Bank issued nearly three times more home equity loans in the second half of 2010 compared to the same period the year before.
For more: http://bit.ly/fqGwIL
After more than three years, some lenders are cautiously re-entering the second mortgage market. The effect hasn't registered in the national statistics yet, but regional banks are reporting significant increases. In the Midwest, Associated Bank issued nearly three times more home equity loans in the second half of 2010 compared to the same period the year before.
JPMorgan Hid Doubts on Madoff, Documents Suggest
For more: http://nyti.ms/euThv0
Senior executives at JPMorgan Chase expressed serious doubts about the legitimacy of Bernard L. Madoff’s investment business more than 18 months before his Ponzi scheme collapsed but continued to do business with him, according to internal bank documents made public in a lawsuit on Thursday.
For more: http://nyti.ms/euThv0
Senior executives at JPMorgan Chase expressed serious doubts about the legitimacy of Bernard L. Madoff’s investment business more than 18 months before his Ponzi scheme collapsed but continued to do business with him, according to internal bank documents made public in a lawsuit on Thursday.
EDITORIAL: Affordable Housing and the Gulf
For more: http://nyti.ms/ebbewo
The gulf states are still living with the destruction wrought by Hurricanes Katrina and Rita, which swept away more than 70,000 units of affordable rental housing.
For more: http://nyti.ms/ebbewo
The gulf states are still living with the destruction wrought by Hurricanes Katrina and Rita, which swept away more than 70,000 units of affordable rental housing.
A Path to Homeownership Is Becoming a Burden
For more: http://nyti.ms/i2tOni
Tenancies-in-common, a type of shared homeownership that is widespread in San Francisco, were once considered an affordable option for first-time home buyers in an expensive city. Now some homeowners, unable to sell, are calling them traps.
For more: http://nyti.ms/i2tOni
Tenancies-in-common, a type of shared homeownership that is widespread in San Francisco, were once considered an affordable option for first-time home buyers in an expensive city. Now some homeowners, unable to sell, are calling them traps.
Thursday, February 3, 2011
Proposed class action targets BofA on foreclosures
For more: http://bit.ly/gy6lZx
Bank of America Corp was hit with a lawsuit on Wednesday claiming the lending giant hid foreclosure problems that eventually led to a decline in its share price.
For more: http://bit.ly/gy6lZx
Bank of America Corp was hit with a lawsuit on Wednesday claiming the lending giant hid foreclosure problems that eventually led to a decline in its share price.
Should I take out a reverse mortgage?
For more: http://bit.ly/fUukWl
A reverse mortgage can be a good way for people 62 and older to turn their home equity into extra spending cash that can supplement Social Security and withdrawals from savings, making retirement more enjoyable than it otherwise might be.
For more: http://bit.ly/fUukWl
A reverse mortgage can be a good way for people 62 and older to turn their home equity into extra spending cash that can supplement Social Security and withdrawals from savings, making retirement more enjoyable than it otherwise might be.
Senator eyes law as mortgage-modification remedy
For more: http://bit.ly/hYKsgn
Measure would empower judges to order lenders to talk to borrowers
For more: http://bit.ly/hYKsgn
Measure would empower judges to order lenders to talk to borrowers
Getting an Eviction Lifted for an Army Vet in Foreclosure
For more: http://bit.ly/gaJi5o
Paulette Davenport has lived in the same home in Stone Mountain for 12 years. She is a single mom and an Army veteran, seriously injured as she was training to go to Iraq. The bank moved in and foreclosed -- at least for now.
For more: http://bit.ly/gaJi5o
Paulette Davenport has lived in the same home in Stone Mountain for 12 years. She is a single mom and an Army veteran, seriously injured as she was training to go to Iraq. The bank moved in and foreclosed -- at least for now.
Whose house is being saved by Obama?
For more: http://bit.ly/eAwzKP
More than half a million Americans have received permanent mortgage modifications from the Obama administration's flagship foreclosure prevention program, the Home Affordable Modification Program. So who are these homeowners?
For more: http://bit.ly/eAwzKP
More than half a million Americans have received permanent mortgage modifications from the Obama administration's flagship foreclosure prevention program, the Home Affordable Modification Program. So who are these homeowners?
Fees for home mortgages increase
For more: http://bit.ly/hTWzvG
For the first time since 2009, Fannie Mae and Freddie Mac are raising risk fees they charge lenders on loans they buy for resale to investors. The mortgage giants are also adding risk fees to more loans extended to people with stellar credit.
For more: http://bit.ly/hTWzvG
For the first time since 2009, Fannie Mae and Freddie Mac are raising risk fees they charge lenders on loans they buy for resale to investors. The mortgage giants are also adding risk fees to more loans extended to people with stellar credit.
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