May 2008 - Posts

Home Equity Loans are Mortgage Battleground
I n many parts of the country, you are seeing local and regional lenders battling for your home equity business. They are plastering the newspaper and internet with ads for low rates (some advertised equity line rates are “teaser” rates). Read More...
Posted 03 May 08 07:02 by Robert Buckman | 0 Comments   
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Credit Scoring, Under Fire, Is Still Vital
I n the wake of the current mortgage crisis, credit scoring is on the defensive, perhaps unjustly. Why, some are asking, didn’t credit scores predict that so many homeowners would fail to pay their mortgages and wind up in foreclosure? Credit scores Read More...
Posted 03 May 08 06:57 by Robert Buckman | 0 Comments   
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Mortgage Insurance Seeing Revival
A s recently as two years ago, mortgage insurance (MI) existed as a last resort for those who needed a low-downpayment loan and were uneducated in the finer points of housing finance. Since MI was not tax-deductible and the premiums substantial, adding Read More...
Posted 03 May 08 06:51 by Robert Buckman | 0 Comments   
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Mortgage Financial Overview
U nderstanding the mortgage loan you are getting is priority number one in 2008. Failing to do just that (or ignoring what they did know) is what has gotten so many American homeowners into financial trouble. If you are opting for a plain old vanilla Read More...
Posted 03 May 08 06:47 by Robert Buckman | 0 Comments   
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Exercise Caution on Loans with LIBOR Ties
A number of adjustable rate loan products are indexed to the London inter-bank offering rate or LIBOR, which is the rate at which banks loan to each other in the vast London financial markets. As short-term rates in the U.S. dropped after the Federal Read More...
Posted 03 May 08 06:43 by Robert Buckman | 0 Comments   
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FINANCING AMERICA'S HOMES--2008
T he home mortgage market has been undergoing a sea change of historic proportions in the past year or so as an exhaustive reassessment of mortgage programs and standards is underway within the financing industry. Until last year, the basic approach to Read More...
Posted 03 May 08 06:36 by Robert Buckman | 0 Comments