Types Of Bankruptcy

Mortgage rates fell for sixth straight week (bizjournals.com via Yahoo! Finance)   Long-term mortgage rates fell for the sixth consecutive week this week.read more...


Commission consults on mortgage credit (EUActiv)  The possibility of EU regulation of mortgages, raised by a Commission consultative green paper, has met with opposition from industry. EU action on mortgage lending has long been talked about.read


Keep Your Energy Dollars From Going Up in Smoke   You know it's coming. This winter's heating bills are going to be stupendous, whether you burn oil, natural gas or kilowatts. If you're going to do anything to minimize those


Rise in population aids in border towna -s growth  Throughout 2005, The Monitor will dedicate the last Friday of each month to the growth and development of a city or region in its Border Business section.via


Harry Domash: Letters on subprime lending fill the mailbag   It's time to answer your mail. However, this time, I'll deal exclusively with subprime lending, an issue that, judging by my mail, seems to be on everybody's mind. via


Freddie Mac tightens subprime loan rules  MCLEAN, Va., Feb. 27 U.S. mortgage finance company Freddie Mac will stop buying subprime mortgages likely to foreclose, the company said Tuesday.Commentread more...

March 6th, 2007

The True Economics Of Refinancing A Mortgage (Investopedia)

A mortgage is more than a monthly payment. It is a debt instrument used to finance an asset . On a household’s balance sheet , a mortgage is a liability and, as such, is subtracted from a household’s assets, which include the value of the home, to determine a household’s net worth . Too many consumers fall into the trap of refinancing a mortgage in order to lower their monthly payments without …

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