Mortgage, Home Loan & Refinance Information

Dodging deficiency - Marketwatch
Question: My wife owns a house in her name and she makes enough money to pay for the mortgage and the taxes, but the property is depreciating almost daily with no light on the horizon. She does not live in it. She lives in a different state. She ...
Posted: Fri, 12 Mar 2010 16:06:00 GMT

Walking away from property isn’t always so easy - MENAFN
... pay for the mortgage and the taxes, but the property is depreciating almost daily with no light on the horizon. She does not live in it. She lives in a different state. She wanted to keep the house but can not refinance ... be bad mortgages
Posted: Fri, 12 Mar 2010 15:59:00 GMT

Two top home builders here look to expand - St. Louis Post-Dispatch
VanPamel said the growing ability of people to sell their current homes, continued low mortgage rates and new home prices ... weak and falling prices devoured cash and left some builders unable to refinance projects. Small builders' wounds are now ...
Posted: Fri, 12 Mar 2010 02:52:00 GMT

Obama Administration to Provide More Funding Support ... - MortgageNewsDaily.com
... to use the funds to prevent foreclosures among unemployed homeowners and to assist those who cannot refinance because of mortgages larger than the value of their homes or ... situations where a home equity loan or second mortgage is preventing a ...
Posted: Thu, 11 Mar 2010 22:27:00 GMT

Still No Recovery in Housing - Huffingtonpost.com
Three and a half years into the worst home price decline in living memory, there is still no evidence that a bottom has been reached. Housing economist Bert Ely told the conference of business economists meeting in Arlington, Virginia Monday (March 8 ...
Posted: Wed, 10 Mar 2010 06:22:00 GMT

Struggling for a way out of a home worth less than the ... - Raleigh News & Observer
DETROIT -- Sondra Malone, 35, bought a house in Eastpointe, Mich., in 2005 with an adjustable-rate mortgage. The $1,200-a-month payment on the house, along with high heating bills, an expensive SUV payment and other family expenses, quickly buried ...
Posted: Thu, 11 Mar 2010 13:08:00 GMT

U.S. home loan demand nudges higher in latest week - CNN Money
... loan refinancing and preventing some from selling. Borrowers in negative equity, meaning they owe more on their mortgage than their home is currently worth, are more prone to defaults and foreclosures. Stricter lending standards, higher fees ...
Posted: Wed, 10 Mar 2010 14:35:00 GMT

Viewer Stories: Living Paycheck To Paycheck - WSOC-TV
Our credit cards are maxed and we can only pay the minimum ... In February, our home loan interest rate jumped from 4.375 percent to 7.5 percent and we were unable to refinance due to debt to income ratios (my business declined). The payment went up ...
Posted: Thu, 11 Mar 2010 03:43:00 GMT

Owners walk from homes, values erode - Detroit Free Press
The federal government's new Making Home Affordable refinance program expires in June. Unless it's extended, some homeowners who owe more than their home's value could have more trouble refinancing this year. • To get information about your loan ...
Posted: Sun, 07 Mar 2010 10:57:00 GMT

11.3 million homeowners underwater on mortgage - Seattle Times
WASHINGTON — More than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan than their home is now worth, according to a recent report released by FirstAmerican CoreLogic. More than 10 percent of ...
Posted: Sat, 06 Mar 2010 05:58:00 GMT