Refinancing into an interest-only mortgage (Bankrate.com) Dear Dr. Don, I own a home in the 20176 ZIP code, worth $500,000. I owe $300,000 on the first mortgage and $80,000 on the second mortgage. I plan to
Mortgage lending cuts expected (Channel 4) Mortgage availability will continue to fall in the coming months as lenders tighten the criteria in the face of rising defaults, the Bank of England has said.read more...
Latino homeownership rising rapidly (Reg Req'd) The Bravos were legal homeowners before they were legal residents. After nearly a decade living in a "dangerous" part of Richmond, the couple from Mexico City -- Guadalupe, 50, and
A Coinstar Is Born Forward P/E before announcement: 17.8 Forward P/E after announcement: 21.7 CALL IT THE Wal-Mart effect.read more...
New mortgage products could help, Bernanke says (Market Watch) WASHINGTON (MarketWatch) -- The private sector and Congress should create new, affordable mortgage products that would help some homeowners refinance their mortgages and keep their homes, Federal Reserve Chairman Ben
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
As expected, cooled inflation and subsequent lower interest rates lifted mortgage applications from their summer slump last week. The Mortgage Bankers Association reported that loan application volume rose 11.9 percent last week from the previous week as rates neared their lowest level in almost a year. The refinance index rose 17.5 percent to 1970.8, while the purchase index rose 7.6
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