Posted on December 4th, 2008 by moneyvsdebt
Just because applications are rising, you must keep in mind does not mean that mortages are as well. Meaning tons of people looking for a mortage can throw out as many applications as their hearts desire, although I’d like to see how many of those applications are actually successful…?
Bankers’ group cites Fed’s [...]
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Posted on December 4th, 2008 by moneyvsdebt
Move would help homeowners and buyers with good credit, but would do little for troubled borrowers, experts said.
Lobbyists are pushing the Treasury Department to consider a plan to purchase mortgage-backed securities in the hopes of driving mortgage rates to as low as 4.5%, an industry source said.
Similar to an effort unveiled last week by the [...]
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Posted on December 4th, 2008 by moneyvsdebt
The government is weighing plans to drive rates as low as 4.5%. But experts say that won’t be enough to stabilize the housing market.
Does anyone really think this will help much if unemployment is up near 8%? How exactly are people going to continue paying thier new lower rate mortage if they don’t have [...]
Filed under: Easy Money, Finance, Financial News, Investing, Mortgage Information, Real Estate, Real Estate Investing, economy, federal reserve, housing crisis | 1 Comment »
Posted on November 30th, 2008 by moneyvsdebt
Requirements
To qualify for a reverse mortgage in the United States, the borrower must be at least 62 years of age. There are no minimum income or credit requirements, but there are other requirements and homeowners should make sure that they qualify for the loan before they invest significant time or money into the process.
For [...]
Filed under: Easy Money, Finance, Financial News, Mortgage Information, Product Reviews, Real Estate, a product review, housing crisis | 1 Comment »
Posted on November 25th, 2008 by moneyvsdebt
The Federal Reserve and Treasury Department on Tuesday unveiled a plan to pump $800 billion into the struggling U.S. economy in an attempt to jumpstart lending by banks to consumers and small businesses.
The government hopes that these initiatives will enable more money to flow to consumers in the form of loans than has occurred so [...]
Filed under: Ben Bernanke, Credit Card, Finance, Financial News, Investing, Mortgage Information, Real Estate, Real Estate Investing, federal reserve, housing crisis | No Comments »
