Refinance .net

In the past few weeks the market has seen average rates on 30 year
mortgages rise from 4.75% to 5.27%. That’s a jump of half a percent - a
whopping 11% rise in the cost of money for a typical borrower. If you
are thinking about refinancing, and missed doing it in the past couple
of [...]

The US Treasury department released new details this week on its upcoming program to encourage lenders to modify loans for homeowners.
The program includes annual payments to the lenders of up to 1000 for approving the modification and additional bonuses if the homeowners are still in their home five years from now. Investors [...]

Financing.Org has a short piece covering President Obama’s remarks this weekend. In his remarks, the president makes it clear that he’s pushing banks to use a significant portion of the government’s bailout money to open up consumer and business lending. But the portion of his remarks that I found most telling was [...]

One of the most devastating factors in the national collapse of confidence in the home mortgage marketplace is the pervasive fraud that infested the mortgage brokerage system. In the good old days George Bailey made home loans to his neighbors and community. He knew who he was lending to, and had a pretty [...]

Nothing is ever as simple as you think it is. What’s the likelihood that a homeowner falling towards forclosure on his mortgage might also be behind on his income taxes? Actually its pretty common, and unfortunately, it can put a family in a world of hurt.
Here’s the circumstance: if you fall far [...]

In the midst of all of the economic bad news, and the mad dash to intervene throughout the capital markets, there is at least some hint of good news. The beauty and flexiblity of a market economy rather than a command economy, is that markets tend to adjust themselves. When things get [...]