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Tag Archives: Mortgages
The Rich are More Likely to Default on Mortgages
Recent research shows that 1 in 7 American with home loans of more than $1,000,000 have missed 3 consecutive mortgage payments. According to marketplace.org only 1 in 12 of home owners with loans less than $1,000,000 are in seriously deliquent. … Continue reading
Posted in foreclosure Tagged conventional loan, economic downturn, economic spectrum, foreclosure, having trouble paying your mortgage, home loans, interest rate, jumbo loans, loan modification, marketplace, mortgage lender, mortgage payments, Mortgages, rich forclose, wealthy foreclosure Comments Off
Energy Efficiency, Tax Credits, and Mortgages
Par of purchasing a home is understanding its energy use. As a practice I research the utility bills of all the homes I list and sell. However the utility bills tells you about the energy and water being used, but … Continue reading
Posted in Green Living, Mortgages and Finance Tagged duke energy, energy efficiency tax credits, energy improvement, energy savings, energy use, free energy audit, home buyers, hot water heaters, independent audits, insulation, mortgage amount, mortgage product, Mortgages, new furnaces, pocket expense, utility bills 1 Comment
Corporate Foreclosures and Individual Foreclosures
In recent weeks major real estate developers have been walking away from properties because like many home owners, they are underwater on their mortgages. Tishman Speyer Properties gave up the 56-building, 11,232-unit Peter Cooper Village and Stuyvesant Town apartment complex … Continue reading
Posted in Development, Mortgages and Finance Tagged apartment, banks, cooper village, creditors, economy, federal government, financial institutions, financial liability, foreclosure, foreclosures, housing market, lenders, manhattan, many home owners, Mortgages, peter cooper village and stuyvesant town, peter cooper village and stuyvesant town apartment complex, real estate developers, realtytrac, unemployment rate Comments Off
Home Loan Modifications Impact Credit Scores in the Cincinnati Real Estate Market
The Making Homes Affordable program is designed to help individuals restructure their mortgages with their lenders. In lowering the monthly payments through renegotiating the terms of the loan, more people are able to avoid short sale and foreclosure situations. One … Continue reading
Posted in Cincinnati Real Estate, Mortgages and Finance Tagged banks, charge offs, Cincinnati Real Estate, consequence, credit reporting, credit reports, credit score, credit scores, foreclosure situations, foreclosures, home loan, impact credit, lenders, lending institutions, loan modification, Mortgages, Real estate market, variation 3 Comments
Federal Government Exerts Pressure on Lenders to Modify Mortgages
The Federal Government is looking to increase pressure on many mortgage lenders and banks to follow through with the loan modification that began under the ‘Making Homes Affordable Program’. In the program borrowers renegotiate their monthly payments to a lower level … Continue reading
Posted in Mortgages and Finance Tagged banks, borrowers, Cincinnati Realtor, federal government, foreclosures, loan modification, local market, making homes affordable, michael barr, mortgage companies, mortgage lenders, Mortgages, property values, treasury secretary, trial period Comments Off
If a Bank Lost Your Mortgage, You May Keep Your House
Dateline White Plains, NY – Bank Lost a Mortgage! When banks decided to pool mortgages, slice them and dice them, and sell them off in pieces (mortgage backed securities) they generate a substantial chain of ownership that became more complex … Continue reading
Posted in Mortgages and Finance Tagged bank lost mortgage, banks, caes, chapter 13 bankruptcy, court dates, dateline, forclosure, law suits, lien, limbo, little knowledge, lost mortgage, moeny, mortgage backed securities, mortgage backed security, mortgage bank, mortgage lien, Mortgages, pool, title, title dispute, white plains ny 1 Comment
Cincinnati Real Estate: Homeowners Swap Houses in Home Swapping
House swapping, the practice of exchanging properties is making a resurgence with help from a number of home swapping websites and services. Home owners who are interested in searching for others willing to exchange properties now have a number of … Continue reading
Posted in Cincinnati Real Estate, Home Buyer Resource, Home Seller Resource Tagged Cincinnati, Homes, housing, mortgage, Mortgages, price, prices, resources, sales, traffic, values 5 Comments
Cincinnati Real Estate: Rising Interest Rates
I received some useful information from one of the loan officers I work with, Mike Zipfel from Midwest Mortgage. Home loan interest rates have been on a downward trend for the last few months, however as the economy begins to … Continue reading
Posted in Cincinnati Real Estate, Mortgages and Finance Tagged buyers, Cincinnati, credit, economy, history, Homes, loan, market, marketing, markets, money, mortgage, Mortgages, moving, NPR, tax, Taxes 11 Comments
REALTORS Lobby Congress for Changes in Economic Stimulus Plan
The National Association of REALTORS is actively lobbying the U.S. House of Representatives for specific changes to the H.R. 1 Bill, The American Recovery and Reinvestment Act of 2009. In 2008 Congress introduced a $7,500 refundable tax credit in the … Continue reading
Fannie Mae and Freddie Mac Mortgage Guideline Changes
Effective December 13, 2008 Fannie Mae will have a new set of mortgage lending guidelines, all in response to the sub prime challenges currently facing the marketplace. The bottom line is that Cincinnati home owners will need to have more … Continue reading
Posted in Mortgages and Finance Tagged cincinnati ral estate, Fannie Mae, finances, Freddie Mac, Mortgages 1 Comment
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