Tag Archives: Mortgage Payments

Mortgage Lending Loosens…But Far From Loose

Rates have been trending lower of late due to trouble overseas and the weak U.S. employment picture. That uncertainty continues to send investors to the safety of the 10-year Treasury, pushing yields lower. Mortgage rates loosely follow those yields. But … Continue reading

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Builders Warn on Housing

It’s one thing to jump on the bandwagon when things are getting better, it’s quite another to jump off of it when everyone around you, not to mention your own company’s earnings, would seem to confirm that sentiment. But that’s … Continue reading

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New Crop of Foreclosures Is Coming

While fewer Americans are falling behind on their mortgage payments, the huge backlog of already delinquent mortgages is finally making its way through the banking system to foreclosure. Total foreclosure activity rose in the first half of this year from … Continue reading

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Bank’s Offer to Slash Mortgages Gets Surprise Response

Bank of America repeated a promise to reduce its inventory of delinquent mortgages by 300,000 in the next 12 months. The bank, which reported quarterly earnings Wednesday, currently services about 1 million delinquent loans, thanks to its takeover of Countrywide … Continue reading

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Inside Peyton Manning’s $4.6million Denver home: NFL star buys sprawling …

By James Nye PUBLISHED: 20:45 EST, 13 July 2012 | UPDATED: 22:59 EST, 13 July 2012 Having signed a $96 million five-year contract with the Denver Bronco’s, star quarterback Peyton Manning has just finalised the purchase of a sprawling $4.6 … Continue reading

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Investors Get Creative with Hot Rental Market

Remember mortgage-backed securities? Big banks and investment houses pooled mortgages of all types and sold them off to investors, who then traded them all over the place, pumping so much liquidity into the mortgage market that brokers were basically giving … Continue reading

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Foreclosures Fall…And That’s a Bad Thing?

A new report came out this morning with a curious headline: “Foreclosure Activity Declines, Hurting Investors.” I read it twice. You would think declines in foreclosure activity would be a good thing, that is, would help, not hurt. Not in … Continue reading

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Mortgage Market Still Hampers Housing Recovery

The Realtors say it, the home builders say it, and now the chairman of the Federal Reserve is saying it: “Some creditworthy borrowers are still having trouble getting a mortgage.” Loose mortgage underwriting is largely blamed for the housing crash, … Continue reading

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Debate Rages Over Principal Forgiveness at Fannie and Freddie

The man at the center of the controversy over writing down mortgage principal on Fannie Mae and Freddie Mac loans isn’t wavering. He may be reconsidering previous loss formulas, factoring in new government subsidies for principal write-down, but his opinion … Continue reading

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Robo-Deal Is All About Lowering Mortgage Principal

It took more than a year to strike a deal, but here it is, the biggest government-industry settlement in history, surpassing even big tobacco. Five of the nation’s largest servicers will cough up more than $25 billion, the bulk of … Continue reading

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