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Mortgage Home News
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Our site offers a lot of information to assist you in making the best deals with your home loans. This is never enough as information can become outdated or stale. Knowing this we have set up our news section to help you stay up-to-date on current events that may affect your decisions. These news items are constantly updating to ensure the freshest information is always available from our site.
'Liar loan' home mortgages threaten to drag out crisis (The Springfield News-...
19 Aug 2008 at 1:01am
In the mortgage industry, they are called "liar loans" -- mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job and (no) assets."
American Home to pay fraction of bankruptcy claims (Reuters via Yahoo! News)
19 Aug 2008 at 6:43am
American Home Mortgage Investment Corp , which was among the largest U.S. home loan providers before seeking bankruptcy protection a year ago, said it will pay unsecured creditors no more than 5.9 cents on the dollar as it liquidates assets.
Foreclosures boost Bay Area home sales (San Jose Mercury News)
20 Aug 2008 at 1:37am
Bargain-hunting home buyers scooping up foreclosure properties deserve credit for some rare good news about the battered Bay Area housing market: Home sales in the region were better last month than they were a year ago, the first time that's happened since 2005.
SoCal home sales climb in July, prices fall (AP via Yahoo! News)
18 Aug 2008 at 6:26pm
Southern California home sales surged to a 16-month high in July as prices kept falling and bargain-hunters snapped up foreclosed properties, a research firm said Monday.
You can buy a Vail Valley home (Vail Daily)
19 Aug 2008 at 9:21pm
EAGLE COUNTY — No one in the real estate business likes saying no. But “no” is becoming more common in the vocabulary of brokers and lenders, especially when it comes to first-time home buyers.
Wells Fargo stagecoach featured at Old Home Day (The Citizen of Laconia)
20 Aug 2008 at 12:25am
COURTESY PHOTO THE WELLS FARGO stagecoach, seen here, will be featured in the Gilford Old Home Day parade on Saturday.
Economy - Monday (Investor's Business Daily via Yahoo! News)
18 Aug 2008 at 3:44pm
Gov't-insured mortgages accounted for more than 29% of all loan applications in July vs. 8.4% a year earlier, said the Mortgage Bankers Assoc. The gov't market share hit a low of 5.8% 3 years ago. Demand for home loans backed by Federal Housing Administration has increased as private funding has dried up and the gov't has expanded the FHA's scope. FHA loans are insured by the gov't in the event ...
Rental market in UK boosted by low home prices (Calcutta News)
19 Aug 2008 at 12:44pm
In the UK, the number of properties up for rent has jumped with home owners deciding to rent rather than sell in a depressed market. The slump in house sales has forced many more people to become either landlords or tenants.
Home buyers should borrow with care from 401(k) (Tacoma News Tribune)
19 Aug 2008 at 5:51am
WALNUT CREEK, Calif. – Faced with a real estate market that has tightened up lending standards at a time when home values are dropping, more people are borrowing money from their 401(k) retirement plans to help swing a down payment to buy a home.
SoCal home prices fall in July, sales up (AP via Yahoo! News)
18 Aug 2008 at 10:48am
Southern California home prices fell 31.1 percent in July from last year, with bargain hunters snapping up foreclosed properties and sending overall sales to a 16-month high, a research firm said Monday.
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