* You are viewing the archive for May 17th, 2008
 RTT News |
Fannie Mae cuts mortgage down payments
USA Today - A conforming mortgage meets the requirements for loans that Fannie Mae and Freddie Mac can purchase. The size of these loans was temporarily increased in … Higher payment rule eased Fannie Mae to Drop Down Payment Rules in Worst Areas (Update3) Fannie lowers down payments |
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The Mortgage Loan is defined as the loan helped in financing of the acquisition of the real estate business and the payments are made within a specified period with a specified interest rate. The mortgagor provides the lender the option of lien to the particular property as a collateral security for the loan. The lien period on the ownership of the property by the mortgagor comes to an end after the mortgaged amount is paid in full form. There are two kinds of interest rate available for the mortgage loan. They are variable interest rate and fixed interest rate.
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Home Equity Loan is defined as the loan secured by the primary home or by the secondary residence to the extent of the excess of the fair market value over the liability incurred in the process of purchasing. Generally home equity loan are offered in the purchase of the house or any repair, renovation work undergone in the extension of the house. Home equity loans are offered at a lesser interest rate by the Unique Mortgage group. Some of the terms related to home equity loan are equity loan and home equity debt.
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 Windsor Star |
Buyers aren't afraid of debt
Calgary Herald, Canada - Mortgage rates are decreasing, down payments are non-existent in some cases, and amortization periods are being pushed as far as 40 years. … Another big year Smooth landing for local real estate A review of economic statistics this week |
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RBA Says Australian Mortgage-Bond Market Is Improving (Update1)
Bloomberg - Citigroup Inc., the biggest US bank by assets, reopened Australia's mortgage-backed bond market today by offering investors a record high yield margin on … Low-doc loans take a beating Australia relatively unscathed by subprime woe: RBA Australia able to avoid credit crunch |
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OFHEO's Lockhart sees pent-up mortgage demand
Reuters - "Maybe people are thinking that now is the right time to get a mortgage." Fannie Mae on Friday announced a new, national policy on downpayment requirements … |
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Mortgage Lenders seeks more time to negotiate plan
Forbes, NY - AP 05.16.08, 5:55 PM ET Mortgage Lenders Network USA Inc. says its needs more time to negotiate a Chapter 11 plan so it can work out a deal with its largest … |
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Kiwibank cuts mortgage rates
Stuff.co.nz, New Zealand - Kiwibank is the first to drop mortgage rates to under 9 per cent as $45 billion in home loans comes due for renewal. The homegrown bank yesterday took its … Kiwibank leads mortgage cuts Bank's mortgage rate moves under 9pc mark Kiwibank cuts mortgage rates again |
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With the credit crunch forcing lenders to evaluate their loan books and reassess the types of products they offer it would appear sensible to anticipate the demise of the self-certification mortgage. However the market for self-certs remains buoyant as lenders have not tightened the reigns as much as expected.
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FBI: 200 agents working on mortgage fraud probe
Reuters - WASHINGTON (Reuters) - The FBI has more than 200 agents and 33 task forces addressing mortgage fraud, has more than 1300 cases under investigation and has … |
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