Saturday, February 4th, 2012
The administration has rolled out housing programs before with the hope of helping millions of struggling homeowners. But those initiatives have fallen short. "I'll be honest, the programs we've put forward didn't work at the scale we'd hoped," Obama said. "Not as many people have taken advantage of it ...
Posted in Mortgage Refinancing | No Comments »
Tuesday, January 31st, 2012
The refinance mortgage loan process also has programs that are available for those who are looking to tap into the equity available in their home. This can be done in the form of a home equity line of credit or a straight home equity loan. The former works the same ...
Posted in Home Mortgage | No Comments »
Monday, January 30th, 2012
Where are the best markets to build and sell new homes these days?Amid a flurry of housing news this week, including President Barack Obama's latest mortgage-refinance proposal , comes an interesting piece of real-estate analysis in the building sector. Houston-based Metrostudy has analyzed the strongest markets for home builders. They ...
Posted in Mortgage Refinancing | No Comments »
Saturday, January 28th, 2012
Highlights Include: For the fourth quarter of 2011, earnings per share were $0.22, up from $0.15 in the third quarter of 2011 and up from $0.05 in the fourth quarter of 2010, as net income and net income available to common shareholders also increased Earnings per share ...
Posted in Mortgage Refinancing | No Comments »
Saturday, January 28th, 2012
The Obama administration plans to unveil in the next few weeks a new proposal to let homeowners who are current on their mortgage refinance quickly and easily, even if they owe more than their homes are worth and their loan is not owned by Fannie Mae or Freddie Mac.The plan, ...
Posted in Mortgage Refinancing | No Comments »
Saturday, January 28th, 2012
NORWALK, Conn.--(BUSINESS WIRE)-- Low mortgage rates, elimination of a minimum credit score requirement for some refinancing by Freddie Mac , and The Obama Administration's announced program, Making Home Affordable , have set the table for renewed interest in affordable home ownership for Americans. As a result, FreeScore.com is airing two ...
Posted in Mortgage Refinancing | No Comments »
Thursday, January 26th, 2012
If the house is a multi-unit property, the limits may go higher. If the mortgage is applied on a four-unit property, and the owner occupies it too, then the limits can be higher according to the HUD rules for the Obama mortgage loan modification scheme. There are a few other ...
Posted in Mortgage Modification | No Comments »
Thursday, January 26th, 2012
The nation's five largest mortgage lenders have offered a draft settlement to pay out as much as $25 billion to cover new terms for homeowners driven out by foreclosure, but government officials said Monday the states won't be able to close the deal before President Obama's State of the Union ...
Posted in Mortgage Refinancing | No Comments »
Thursday, January 26th, 2012
SOUTH BURLINGTON, VT--(Marketwire -01/25/12)- Merchants Bancshares, Inc. (NASDAQ: MBVT - News ), the parent company of Merchants Bank, today announced net income of $14.62 million, or diluted earnings per share of $2.35 for the year ended December 31, 2011, compared to earnings of $15.46 million, or diluted earnings per share ...
Posted in Mortgage Refinancing | No Comments »
Thursday, January 26th, 2012
It would be funded by fees on large banks with assets over $50 billion, a measure that also must be approved by Congress.The program would expand on 2009's Home Affordable Refinance Program (HARP), which covers homeowners with mortgages guaranteed by Fannie Mae and Freddie Mac , but not those with ...
Posted in Mortgage Refinancing | No Comments »
