mortgage industry

GREAT LOAN SITE Alternate Looking For Fast And Easy Loan Repaying Your Home Loan Is Always a Safe Investment Washington Post   Related Images: One consequence of the financial crisis has been that repaying your mortgage has become increasingly attractive. Mortgage repayment is a riskless investment that yields a return equal to the interest rate on the repaid loan. If the loan carries a 6. 125 percent rate, the borrower earns that rate on the balance repaid. The yields on other investments of comparable risk, including federal Read more..   Related Images: Press Release 'We are in trouble' - SLB owed $760 million jamaican ... Read Full Story

When the Obama administration’s “Housing Affordability and Stability Program” (HASP) was announced last month it came with a lot of hoopla, back-slapping, and smiling politicians. For homeowners burdened by mortgages that continue to spiral out of reach, the announcement brought a degree of relief, hope, and the thought that the government was finally going to do something for the people of Main Street instead of Wall Street. HASP is made up of two programs, “The Home Affordable Modification” plan and “The Home Affordable Refinance” plan which both get their starts at FNMA (Fannie Mae) and FHLMC (Freddie Mac). The program guidelines are expected then ... Read Full Story

By Chris Blanchet When it comes to consolidating debt by refinancing a mortgage, a lot of non-finance people will claim it to be a "bad" thing. After all, these people have probably worked very hard to pay their mortgage down and are now enjoying the fact that their shortened remaining amortization will make them among the few who are mortgage-free. Without a doubt, their hard work deserves recognition. The truth is that a reduced amortization and large equity in the home are all nice and beautiful, but not while carrying a large consumer debt load. This is where refinancing a mortgage makes the most ... Read Full Story

More consumers flocking to apply for new mortgages would be good news for the economy. Unfortunately, just the opposite is occurring. The Mortgage Bankers Association, in its Weekly Mortgage Applications Survey for the week ending June 26, 2009, the number of people applying for a mortgage has dropped significantly. The Market Composite Index, a measure of mortgage loan application volume, was 444.8, a decrease of 18.9 percent on a seasonally adjusted basis from 548.2 one week earlier. On an unadjusted basis, the Index decreased 18.5 percent compared with the previous week and decreased 7.4 percent compared with the same week one year earlier. The ... Read Full Story

Ever since the credit markets crashed in late 2007, distressed residential and commercial property loans that were packaged and sold to investors as securities have hogged headlines. Uncertainty over the true value of the securities has shut down the mortgage-backed securities markets, which had grown critical to real estate financing. But some $1.7 trillion in commercial real estate loans held by banks for retail centers, offices and other properties are just about to emerge as a bigger and uglier problem. In a research report examining commercial real estate debt just before bank stress-test results came out in May, Deutsche Bank analysts said that tougher ... Read Full Story