Mortgage Loan Refinance Guru

New York Moves Forward with Mortgage Investigation
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One of the questions that has some concerned has little to do with mortgage fraud. It has to do with the way mortgages have sometimes been handed out. The New York attorney general’s office, back in 2005 (when Eliot Spitzer was a.g.) launched an investigation into whether or not mortgage lenders were discriminating. [...]

Michael Jackson Leaves Behind Troubled Finances ? Including a Home in Foreclo…
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We all know by now that even the rich and famous can end up poor and infamous. Indeed, being famous cannot completely guard someone against making poor money decisions. After all, people are people, and some never learn the importance of financial discipline. Many of the richest people fall on hard times by [...]

Economic News: Unemployment, GDP
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Sure, the housing market is an important part of the economy. But there are other considerations as well. Indeed, without jobs and an expanding GDP, the housing market is likely to continue to languish. Today’s data releases have caused some concern about the economy.
Unemployment
Unemployment claims continue to rise. The pace [...]

Top 10 Most Expensive Cities to Buy a Home ? In the World
Even with the global economy slowing, there are still places that have high home prices. And, while we think of places like Los Angeles, Washington, D.C. and Seattle as expensive places to buy a home, they are not even the most expensive in the world. In fact, only New York City made the list [...]

Money Begins Flowing for the Neighborhood Stabilization Program
Last summer, $6 billion was approved to help the Neighborhood Stabilization Program prevent blight caused by foreclosures. The money is designed to help state and local governments buy up foreclosed properties so that they can be offered to those with lower incomes, and others who might be locked out because of tighter lending. CNN Money [...]

Mortgage Rates Uncertain, Looking for Direction
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After a couple of weeks of heading higher, mortgage rates have dropped a bit. On the assumption that the economy would soon be picking up (leaders have been excited about “economic green shoots”), speculation about inflation has been seen. This speculation has been leading to higher mortgage rates. However, last week saw inflation [...]

Getting a Home Mortgage: Improve Your Credit Score
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With home prices low, and mortgage rates still reasonably low, it’s a good time to buy a house. (Just don’t buy to buy, however. Make sure you can actually afford the home.) But the real question is whether or not you will be approved for a home mortgage loan. And [...]

Will New Regulations Force Mortgage Lenders to Be More Discerning With Their …
Yesterday, the Obama Administration put together a proposal (an 85 page white paper) offering suggestions for a regulatory overhaul of the financial system. Some of the key changes include:

Formation of a council comprised of regulatory agency heads.
More power to the Fed to supervise large companies.
Creation of a new agency aimed at protecting consumer interests in [...]

Senate Considers Boosting Home Buyer Tax Credit
Last week, the government announced that it is allowing home buyers to use their first-time home buyer tax credit toward closing costs and down payments. This news is likely to make it possible for more first time home buyers to afford homes. However, some lawmakers are concerned that there is too much focus on first [...]

Housing Starts Move Higher in May
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The housing market may be on its way to improvement, after the latest numbers are in. Housing starts appear to have grown in May, recovering from record lows seen in April. The Street reports on the latest housing numbers:
Still, according to the U.S. Department of Commerce, building permits — what [...]