Plus, markets recovering from crunch
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Subprime lending, the crisis catalyst, making a comeback
Posted by mortgage 42 days ago (Editorial)
Is Making Biweekly Mortgage Payments A Good Idea?
Posted by mortgage 50 days ago (Editorial)
Do you think making two payments a month for your mortgage is a good idea? Think twice about that. We tell you why.
Despite low mortgage rates, new home sales barely making progress
Posted by mortgage 188 days ago (Editorial)
WASHINGTON ? U.S. homebuilders are feeling a little less pessimistic about the struggling housing market. But their mood hasn?t changed enough to signal a recovery anytime soon.The National Association of Home Builders said Wednesday that its builder sentiment index rose to 20 in November. That?s the highest level since May 2010 and only the second month the index has been at 20 or above in two .
BENELLI: 'No-gimmick' ARMs making a comeback
Posted by mortgage 280 days ago (Editorial)
During the financial crisis and subprime mortgage meltdown, adjustable-rate mortgages (ARMs) earned a reputation as a dubious way for prospective homebuyers to finance the purchase of a home. Yet just a few years after the meltdown, a new breed of conservative, ?no gimmick? ARMs are starting to make a comeback in popularity.
Wells Fargo Home Mortgages halts making reverse mortgages, cites 'unpredictable' home values
Posted by mortgage 338 days ago (Editorial)
DES MOINES, Iowa - Wells Fargo Home Mortgage said Thursday that it will no longer make so-called reverse mortgage loans, citing unpredictable home values and restrictions that make it difficult to determine if borrowers can afford homeowners' insurance and other financial obligations.
Wells Fargo to stop making reverse mortgages
Posted by mortgage 341 days ago (Editorial)
Wells Fargo Home Mortgage said Thursday that it will no longer make so-called reverse mortgage loans, citing unpredictable home values and restrictions that make it difficult to determine if borrowers can afford homeowners' insurance and other financial obligations.
?Subprime,? an Orlando-made movie making film festival noise
Posted by mortgage 343 days ago (Editorial)
Orlando filmmaker James Repici?s movie ?Subprime? has been accepted into this month?s San Antonio Film Festival, the Ohio Independent Film Festival and this year?s CENFLO, the Central Florida Film Festival (Sept. 2-5). They got ?industry insiders? to write about the subprime mortgage boom, and a Playboy Playmate as one of their stars. Here?s the plot summary? ?An authentic [...]
North Carolina to Florida lender: Stop making loans (BizJournals)
Posted by mortgage 1015 days ago (Editorial)
North Carolina Commissioner of Banks Joe Smith Jr. has proceeded with a cease and desist order against Taylor, Bean & Whitaker Mortgage Corp. of Ocala, Fla., saying the home lender has failed to cooperate with a North Carolina audit.
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