States move to stop lender New Century Financial, the beleaguered lender that caters to people with poor credit scores, said Monday it had received cease-and-desist orders from four more states to stop it from accepting
Research before you spend hard-earned cash on home You're in the market to buy a home. You're looking for a reasonable price but want the best deal you can find.read more...
Fitch may cut ratings on some insured mortgage bonds (Reuters via Yahoo! Singapore News) NEW YORK, Dec 26 - Fitch Ratings on Wednesday said it may cut its ratings on certain residential mortgage-backed securities insured by MBIA Inc, Ambac Assurance Corp, FGIC Corporation and
What is a REIT? REIT is an acronym for real estate investment trust. It's an organization that pools investors' money to invest in commercial real estate.via
Building Society Raises Mortgage Rate (Ananova) Customers of the UK's biggest building society are among the first to be hit with higher mortgage costs.read more...
Fixed-Rate vs. Adjustable-Rate Mortgage Loans (AllBusiness via Yahoo! Finance) Along with other decisions you will find yourself making while shopping for a mortgage, you will be deciding whether to take a fixed-rate mortgage or an adjustable rate mortgage
“North Dakota has more conservative values than Miami or New York City. The local bankers know the people they’re making the loan to. They’re less inclined to give the loans to people who shouldn’t get them”
Homeowners in California or Florida may be hurting, but in North Dakota, you can still sell a house for more than you bought it and get a favorable loan, too.
While home sales are slumping nationwide, North Dakotans are finding buyers even in the winter. The state has managed to duck the worst of the housing crunch thanks to a strong local economy and conservative lending that avoided the worst excesses of the mortgage market bubble.
‘One of the reasons I live in North Dakota is that we have a stable economy and a stable real estate market,’ said Kris Sheridan, a Fargo real estate agent. ‘We may be freezing to death today, but we’re not having the tough times like everyone else in the country.’
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