3 Articles match "America","Points","Qualifying"

The Latest from RealtyTrac MORE
As Home Prices Plummet, When Will You Buy?
For example you see Bank of America adopting a massive, systematic loan modification program. Now, everyone is lack of confident with the countrys economy, and we can point the culprit to the dropping house prices. So they are more likely to qualify for a loan and likely to stick with it. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
40 Is the New 30 for Lenders and Investors
Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves. Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
Federal Lifeline DOA for Most People
As Myers points out in her story, the new housing bill signed by President Bush earlier in the week will help a fraction of the families facing foreclosure. They would not be the first people in America stuck in that situation. Although, as Myers pointed out, this family won’t qualify for the program under the new housing bill anyway because they don’t fit the preferred profile: people who, but for their mortgage, After listening to NBC Senior Correspondent Lisa Myers’ story on The Today Show last week, I am more convinced than ever that, as the old saying goes, people want their cake and to eat it too!
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • 40 Is the New 30 for Lenders and Investors
    Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves. Wells Fargo, for example, just announced that it is joining the growing number of lenders, like Washington Mutual and Bank of America, that are offering 40-year fixed-rate loans. Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Federal Lifeline DOA for Most People
    As Myers points out in her story, the new housing bill signed by President Bush earlier in the week will help a fraction of the families facing foreclosure. They would not be the first people in America stuck in that situation. Although, as Myers pointed out, this family won’t qualify for the program under the new housing bill anyway because they don’t fit the preferred profile: people who, but for their mortgage, After listening to NBC Senior Correspondent Lisa Myers’ story on The Today Show last week, I am more convinced than ever that, as the old saying goes, people want their cake and to eat it too!
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • As Home Prices Plummet, When Will You Buy?
    For example you see Bank of America adopting a massive, systematic loan modification program. Now, everyone is lack of confident with the countrys economy, and we can point the culprit to the dropping house prices. So they are more likely to qualify for a loan and likely to stick with it. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE