* You are viewing the archive for January 5th, 2008
Raiding 401(k) not a good way to pay mortgage
Chicago Tribune, United States -
Q I understand that there is a new law that will let people pay their mortgage by using their 401(k) savings. Is that a good idea? A US Sen. …
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Getting a mortgage can be a very confusing process. There is a lot of paperwork to sign, documents to read and procedures to be followed. You’d think you were applying to go to Harvard or Yale, except they don’t require that much paperwork for you to be admitted!
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The high cost of jumbo mortgages
Newsday, NY -
But as they waited to close, they saw interest rates on the kind of mortgage they needed — a jumbo loan, which is for more than $417000 — soar as the …
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Earthtimes
PHH Receives Reverse Termination Fee from Blackstone
FOX News -
PHH operates one of the premier mortgage banking platforms in the country, and they have demonstrated impressive stability and resilience in light of the …
PHH gets $50M termination fee from Blackstone
PHH receives $50 mln after takeover deal falls through
PHH deal done in by tight credit
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Mortgage Applications Slipping
Forbes, NY -
The Mortgage Bankers Association on Thursday reported its index of mortgage applications sank 11.6 percent last week as fewer people applied for loans to …
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With Connecticut home values decreasing daily, foreclosures at an all-time state high and adjustable mortgage rates in the double digits are the norm across Connecticut what does the future look like for those of us who carry debt?
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Let a reverse mortgage on your house solve your financial worries for the future.
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A red brick house and a white picket fence - long the American dream of many and in recent years more Americans have been buying their own dream in the form of their own home. Yet, for millions of us we don’t have a real good understanding of how our mortgage works completely and as a result don’t proactively manage it. There are numerous ways you can cut tens of thousands of your mortgage by taking a few simple steps during the life of your loan.
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Credit crunches may usually be considered to be the next part of a recession. A credit crunch is a surprise reduction in the availability of finance (or “Loans”), which may be due to increased fear of risk, a change in market conditions, or even a tightening of under-writing. A prolonged credit crunch is the opposite of the good times lending practices when banks feel relaxed.
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The Smart Way to Use Adjustable-Rate Mortgages
TheStreet.com -
By Sheree R. Curry The share of adjustable-rate mortgage applications for the month of December is nearing a low point the industry hasn't seen since 2001, …
Mortgage application volume declines
US MBA's Mortgage Applications Index Fell 12% Last Week
Mortgage applications down 11.6% last week: MBA
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