Fewer People Refinance Mortgage Loans, MBA Reports
For the week ending May 8, the number of mortgage applications filed fell by 8.6 percent from a week earlier, reported the Mortgage Bankers Association today.
MBA's Refinance Index dropped by 11.2 percent while the Purchase Index increased by 0.5 percent from a week earlier, on a seasonally adjusted…
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May 13, 2009
Financial Crisis Testimony From Secretary Geithner March 3, 2009
U.S. Treasury Secretary Tim Geithner
Written Testimony -- As prepared for delivery
House Ways and Means Committee Hearing
March 3, 2009
Chairman Rangel, Ranking Member Camp, members of the Committee, thank you for providing me the opportunity to appear before you today to discuss the President's…
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Mar 3, 2009
Should The Feds Help People Who Can't Pay Higher Mortgage Rates?
President Bush unveiled his mortgage relief plan yesterday.
Apparently it will give homeowners who financed homes with adjustable rate mortgages after 2005 a five-year freeze on their rates if they qualify. I'm sure this will bring some relief to homeowners who are eligible. We'll blog more about the…
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Posted on:
Dec 7, 2007
Pressuring Appraisers Could Land You In Court
With the housing crisis well under way, both lenders and home sellers are trying to squeeze as much value out of homes as they can. This has driven some lenders to pressure appraisers to inflate their assessments.
Now it's not just an industry issue -- it's become a legal issue as well. New York…
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Posted on:
Nov 1, 2007
Timeshares
We had a call this morning on the show about selling a timeshare. You should know a couple of things about timeshares:
Some people like 'em, some people don't use 'em, but timeshares are really difficult to resell or unload. They're even tough to give away.
Buying a timeshare is not like buying real…
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Posted on:
Sep 23, 2007
No More 100 Percent Loans?
I was hosting my WSB radio talk show this morning (tune into www.thinkglink.com/radiio to listen or go to iTunes to download it next week) and was taking calls from first-time buyers who wanted to know what kind of financing to get.
This isn't unusual. During the course of a 2 or 3-hour radio show, I…
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Posted on:
Mar 11, 2007
NPR This Morning
I was interviewed on NPR this morning www.npr.org/templates/story/story.php?storyId=6123037 about what to do if you have an interest-only loan and want to sell in a deteriorating real estate market.
I got this response from one NPR listener:
I listened to your interview on NPR this morning. And I do…
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Posted on:
Sep 22, 2006