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Banks modify home loans, reduce rates for 300,00

2012-11-26 11:54:24 by SadRenter44

NEW YORK (CNNMoney) -- More than 300,000 homeowners have received $26 billion in relief under the big foreclosure abuse settlement reached earlier this year, according to a government report released Monday.
Five of the country's largest mortgage lenders have modified home loans, reduced interest rates or forgiven debt as part of a deal with attorneys general from 49 states and the District of Columbia and the federal government.
The settlement, reached in February, resolved allegations that banks used faulty paperwork to seize homes. Among the worst abuses were robo-signers who signed thousands of legal documents attesting to facts they had no...

Home Loan Demand Down 2nd Week As Rates Rise

2010-03-24 20:09:12 by Pelham-Bay

Wed Mar 24, 2010 9:08am EDT
(Reuters) - U.S. mortgage applications fell for a second straight week, with demand for home loan refinancing sinking to its lowest level in a month as interest rates jumped, data from an industry group showed on Wednesday.
Demand for purchase loans, a tentative early indicator of home sales, edged higher, but activity was down from a year earlier, further evidence that the housing market has hit a lull after showing signs of a recovery late last year.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended March 19, decreased 4

1% TAX CUTS 3% HOME EQUITY LOANS

2005-08-12 00:59:16 by EYESWIDEOPEN312

First, stop your word parsing bullshit; Anyone can prove anything by formulating a statement that points to something no one is talking about i.e. consistent growth. Second, bush's (no I won't capitalize his name) tax cuts are one his way of dismantling social security...take it from the social security surplus and give it away...155 billion stolen this year. It is clear to all economists who can add that if it wasn't for the low interest rate environment our economy would be, shall I say, indelicately, FUCKED! People aren't saving money, they are spending their home equity loans. Our economy is debit card based

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Calculator doesn't show the benefits  — Manawatu Standard
We then ran these through the Westpac bank mortgage calculator, assuming a 20 per cent deposit, annual joint income of just under $100,000 - the kind of salary a young professional couple might make - and a 30-year mortgage term.

Rising mortgage rates dilute affordability  — CBS News
At a 4.4 percent interest rate, the average for a 30-year fixed rate mortgage over the third quarter of the year, more than 70 percent of the country's homes remained affordable for a middle class family.

Media Freeware Releases Home Mortgage Calculator to Help Borrowers Get ..  — SBWire
Media Freeware aims to put an end to the confusion by providing a free Home Mortgage Calculator that gives individuals a detailed breakdown of exactly what a loan means depending on the specific features of the very loan users are considering ..

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    • In order to be a successful real estate investor you would need to #1 Find the local real estate investment group (Google real estate investment group followed by your city and state.) This group would hold regular scheduled meetings that would offer information about real estate investing, how to purchase investment properties, vendors available in you city that would benefit you in you investment purchases. To join this type investment group is not expensive, there would be annual dues and probably fees to attend the meetings whenever they are scheduled. (Normally these fees are for the cost …