Posted by Batool Shamim on June 2, 2011 ·
ARMs were intended to borrowers with irregular income. However, when these borrowers in year six find it hard to refinance their mortgage due to negative equity may be tempted to walk away from the home, leading to lose to the investor.
Posted by R. Mak on October 11, 2009 ·
Earlier this week a press release has been issued by the U.S. Treasury Department saying that under the Making Homes Affordable Program 500,000 mortgage loans have been…
Posted by R. Mak on September 30, 2009 ·
According to a survey of mortgage lenders that has been released this morning, less people are applying for mortgage loans either to purchase a home or to refinance their existing…
Posted by R. Mak on September 20, 2009 ·
One of the North’s Big Four banks is now lending more money to mortgage borrowers each month than what they did at any time since 2007, and right now it is also trying to hand out more loans, at…
Posted by R. Mak on September 19, 2009 ·
In order to reduce the risk of future losses and strengthen its reserve fund the Federal Housing Agency announces a series of policy changes.A federal agency about which it is supposed that it help the housing market to recover from the…
Posted by R. Mak on September 18, 2009 ·
Mortgage company Freddie Mac said that this week the average rate for a 30-year fixed mortgage was 5.04%, that has dropped down from …
Posted by R. Mak on August 16, 2009 ·
Local households, specifically those who are in the low-income bracket, are anticipated to face a growing financial burden, as mortgage rates rise in line with rising market interest rates.Some banks are considering that they may…
Posted by R. Mak on August 14, 2009 ·
Reducing bank account balances and heavy tuition fee payments are forcing the students at the University of Windsor to approach their financial assistance office in droves the number of applicants for student loans has increased 30%…
Posted by R. Mak on August 13, 2009 ·
It has been said by The Federal Home Loan Bank system, the 12 government-chartered cooperatives that is owned by U.S. financial companies, that there has been a rise of 56% in second-quarter earnings and that is due to…
Posted by R. Mak on August 12, 2009 ·
Data from an industry group showed on Wednesday last week there has been a drop in U.S. mortgage applications, that reflect a drop in demand for home refinancing loans as interest rates have…
