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FICO ’08 LAUNCHED
Fair Isaac Corporation is finally rolling out the latest remake of its FICO credit score , which is the scoring standard for mortgage lenders. Yes, it has taken until 2009 to get FICO ‘08 launched, and even now many consumers, potential homeborrowers Read More...
Posted 28 February 09 06:32 by Robert Buckman | 0 Comments   
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THE SPRING 2009 MORTGAGE OVERVIEW
W ill the lower mortgage rates we have seen so far in 2009 help to lift the housing market this spring? There have been several positive market developments recently, lower rates among them, but whether these positives finally have enough power to jump Read More...
Posted 28 February 09 06:23 by Robert Buckman | 1 Comments   
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The Spring Housing Market Outlook
T he spring housing market is usually greeted with eagerness and enthusiasm by home sellers and buyers, Realtors and mortgage professionals. This year, though, it is being met with, well…hope. While there are still plenty of negatives, a sour economy Read More...
Posted 28 February 09 06:06 by Robert Buckman | 1 Comments   
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Outlook for Spring
T he spring housing market is usually greeted with eagerness and enthusiasm by home sellers and buyers, Realtors and mortgage professionals. This year, though, it is being met with, well…hope. While there are still plenty of negatives, a sour economy Read More...
Posted 28 February 09 06:06 by Robert Buckman | 0 Comments   
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Look For New Mortgage Disclosure Rollout
H omebuyers will soon have improved mortgage disclosures to help with their decision-making, the result of Real Estate Settlement Procedures Act rules finalized by the Department of Housing and Urban Development in November. Although the new disclosures Read More...
Posted 06 January 09 12:02 by Robert Buckman | 0 Comments   
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The 2009 Mortgage Landscape
M ost prospective mortgage shoppers should be aware by now that mortgages are tougher to get. “Stringent” is the word we keep hearing used to describe the tests for borrowers these days. That’s putting it mildly! The traditional touchstones Read More...
Posted 06 January 09 11:50 by Robert Buckman | 0 Comments   
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Loan Modification Dilemma
H omeowners who have fallen behind on their mortgage payments or who are poised to do so in 2009 will find that mortgage lenders are more willing to try to keep them in their homes and avoid foreclosure than in previous years. Lenders have learned a lot, Read More...
Posted 06 January 09 11:43 by Robert Buckman | 0 Comments   
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2009 Housing Market Preview
W i ll 2009 be the year that we finally see an end to the slide in home prices and the start of a rebound? Some market watchers think so. Of course, recent spells of optimism about the housing market have proven premature and that could be the case again. Read More...
Posted 06 January 09 11:21 by Robert Buckman | 0 Comments   
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Credit?
F irst-time homebuyers have another reason to think about buying a home in 2009 , a federal income tax credit of up to $7,500. The credit is 10% of the cost of a home, so a house costing $75,000 will qualify for a full credit. The credit is refundable, Read More...
Posted 01 December 08 10:47 by Robert Buckman | 0 Comments   
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Financing Investment Property
C urrently, more than 30% of American households are renters. Due to foreclosures, tougher financing rules and a fear of the market among some who might otherwise own homes, that percentage is growing, reversing a trend toward wider homeownership. Whatever Read More...
Posted 01 August 08 08:48 by Robert Buckman | 0 Comments   
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The 2008 Ral Estate Investment Report
R eal estate investment? Isn’t that an oxymoron, or at least a contradiction in terms? It may seem so in the context of the current housing market’s price and sales weakness, especially in those hard hit areas of the country where this is Read More...
Posted 01 August 08 08:36 by Robert Buckman | 0 Comments   
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THE HOMEOWNERS EXCLUSION REVIEWED
H omeowners who sell their residence, as many retirees will, can take advantage of a provision that allows them to exclude some or all of the appreciation from federal (and many states’) income taxation . Following is a brief overview of the homeowners Read More...
Posted 03 July 08 04:52 by Robert Buckman | 0 Comments   
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YOUR HOME & RETIREMENT
M any baby boomers are nervous. Just as they are getting ready for retirement, they have seen their home values and equity eroded by a weak housing market. The first baby boomers turn 62 this year, but some have already retired, are working just part Read More...
Posted 03 July 08 04:44 by Robert Buckman | 0 Comments   
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Opportunities for Buyers and Sellers
F oreclosures are way too high, but in at least some cases they should be avoidable. There are options for homeowners in advance of foreclosure and those who are behind on their mortgage payments need to understand them. Working out a loan modification Read More...
Posted 02 June 08 09:38 by Robert Buckman | 0 Comments   
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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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