Wednesday, September 19, 2012

NYTimes: An Enigma in the Mortgage Market That Elevates Rates

From The New York Times:

DEALBOOK: An Enigma in the Mortgage Market That Elevates Rates

A 30-year mortgage with a 2.8 percent interest rate could already exist, but something in the banking system is holding it back. And right now, few agree on what that "something" is.

http://nyti.ms/NzJaE7

Monday, August 20, 2012

NYTimes: Cautious Moves on Foreclosures Haunting Obama

From The New York Times:

A MEASURE OF CHANGE: Cautious Moves on Foreclosures Haunting Obama

President Obama's response to the housing crisis was deliberately subdued, and some economists believe stronger action could have softened the economic impact.

http://nyti.ms/NzRZyF

Saturday, August 18, 2012

NYTimes: Consumer Bureau Seeks to Make Mortgage Fees Clearer

From The New York Times:

Consumer Bureau Seeks to Make Mortgage Fees Clearer

Under proposed rules, creditors could continue offering certain loans as long as they also provide consumers a loan option with no fees or points attached.

http://nyti.ms/SyhUDi

Thursday, August 9, 2012

NYTimes: With Rates Low, Banks Increase Mortgage Profit

From The New York Times:

DEALBOOK: With Rates Low, Banks Increase Mortgage Profit

Bundling mortgages and selling them to investors is helping banks make big profits even as they charge lower interest rates.

http://nyti.ms/NkiUuk

Sunday, July 15, 2012

NYTimes: Here Comes the Catch in Home Equity Loans

From The New York Times:

FAIR GAME: Here Comes the Catch in Home Equity Loans

The easy terms of many home equity lines of credit are about to end, as borrowers will have to start paying principal as well as interest.

http://nyti.ms/OlLBob