Looking for details of mortgage-based bond funds (Financial Times) I recently read about a type of mortgage-based bond fund that has a higher return rate than corporate bonds. I can?t find out anything more about this. Can you help?read
Walking Out of a Mortgage And Into Years of Hurt The country's two largest sources of mortgage money have a blunt warning for anyone thinking about joining the growing "walkaway" trend, in which homeowners stop making payments and months later
Housing market belongs to buyers Right now, inventories are growing and houses are going unsold longer. 'Buyers are not having to make multiple offers.read more...
Building permits slide 11% as housing market cools The value of building permits fell almost 11 per cent in April to a five-month low as new housing demand pulled back from near record levels the month before, Statistics
Florida Association of Mortgage Brokers (FAMB) Participated in Reform of Real Estate Settlement Procedures Act (RESPA) (Business Wire via Yahoo! Finance) The Florida Association of Mortgage Brokers was recently invited to participate in the process of reforming the Real Estate Settlement Procedures Act . Kelly Guldi, a member of FAMB's
States also offer VA loans Some states offer loans or down payment help for veterans that might be even better deals than the federal VA loans.read more...
Troubled thrift giant Washington Mutual , once one of the biggest players in residential mortgages, will stop making loans through independent mortgage brokers—what the industry calls the “wholesale” side of the business. Instead the company will focus on loans through its 2,200 retail bank branches.
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