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One third of homeowners have no mortgage

Posted by mortgage 1 day 5 hours ago (Editorial)
More than a third of people have no mortgage debt attached to their home.
With home mortgage rates at historically low levels and housing supply tightening, the Austin, Texas real estate market is proving opportune for buyers and sellers in both the median price range and the Austin luxury home market.Austin, TX (PRWEB) May 21, 2012 The housing market is beginning to favor sellers in many areas of the country, including Austin, TX, but there is still good news for ...

What you should know about reverse mortgages

Posted by mortgage 1 day 5 hours ago (Editorial)
The most popular type of reverse mortgage is the federally insured reverse mortgage backed by the U.S. Department of Housing and Urban Development, known as a Home Equity Conversion Mortgage, or HECM.

Frum: Yes, worry about the euro crisis

Posted by mortgage 1 day 5 hours ago (Editorial)
The European financial crisis is poorly understood in the United States.

How the euro crisis will affect you

Posted by mortgage 1 day 5 hours ago (Editorial)
The European financial crisis is poorly understood in the United States.
Fitch Ratings has taken the following rating actions for Homeward Residential's U.S. Residential Servicer ratings as follows:
It is no exaggeration to say that since the 1980s, much of the financial sector has become criminalized, creating an industry culture that tolerates or even encourages systematic fraud. The behavior that caused the mortgage bubble and financial crisis was a natural outcome and continuation of this pattern, rather than some kind of economic accident. It is important to understand that this ...
ResCap listed assets of $15.7 billion and debt of $15.3 billion in a petition filed today in U.S. Bankruptcy Court in Manhattan . ResCap?s Chapter 11 filing is the biggest so far this year, based on liabilities, according to data compiled by Bloomberg.
Mortgage How to Get is an informational resource about mortgage news and information.