Home Equity Disappearing on Today's Clark Howard Show - August 6, 2009
Filling in for Clark Howard, Ilyce talked about the Deutsche Bank study that says 48 percent of homeowners could be underwater with their mortgage (owe more than the house is worth) by 2011, up from 26 percent now. But another study says home prices rose 5 percent in the last quarter. We'll discuss…
Second Mortgage Assistance Announced By Obama Administration
I find it extraordinary how much government intervention there has been into the housing market and helping homeowners. If only this would happen for those of us with crushing student loan debt at a 6.8 percent interest rate...
But I digress...
The Obama administration announced today assistance for…
Ilyce is now blogging on home equity for MoneyWatch.com!
Check it out:
http://moneywatch.bnet.com/saving-money/blog/home-equity/?tag=content;col2
It's Becoming More Difficult To Borrow Home Equity
While it's getting more difficult to qualify for home equity loans, Americans borrowed more of their home equity lines of credit than last year.
Consumers' average credit score rose to 737, from 730 in 2006, according to the Consumer Bankers Association. Home equity lenders use credit scores in…
Unfinished Business From Last Week's Show
I've received several emails reminding me that I said I was going to talk about the new equity-sharing mortgage that's been unveiled in 9 states. Unfortunately, we ran out of time. Here's one of the letters I got and the answer:
I heard you cover the new no closing costs mortgage from Bank of…
