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Articles from Total Mortgage | Selfgrowth.com
- Disputes Over NAR’s Data Raise Questions Over Realtors’ Role In The Housing Market Bubble - by Submitted on Mar 04, 2011 from Total MortgageRecent allegations that the National Association of Realtors has been inflating home sales data raise questions over the group’s role in the real estate bubble and the still struggling housing market. Economists use its home sales figures to gauge the health of both housing markets and the ...
Views: 971 - Are Adjustable Rate Mortgages Making a Comeback? - by Submitted on Feb 21, 2011 from Total MortgageThey are according to an article on CNNMoney.com today. According to the article, adjustable rate mortgages (ARMs) comprised nearly 70 percent of all mortgages during the bubble years. After the housing collapse their market share plummeted, dropping to only 3% of all mortgages in 2009. Now ...
Views: 930 - Mortgage Rates Roundup for Week Ending February 4, 2011 - by Submitted on Feb 07, 2011 from Total MortgageWhile recent indications point to overall improvement in the economy, mortgage rates moved however slightly this week. Additionally, inflation remained in check week over week. A report recently released by Freddie Mac revealed the average rate on a 30-year fixed-rate mortgage was 4.81 percent ...
Views: 887 - Foreclosure Mediation Program Considered by Senate - by Submitted on Feb 06, 2011 from Total MortgageForeclosure mediation is a topic that we have explored on this blog in the past. The idea behind mediation is to force lenders and borrowers to sit down at the bargaining table in order to work out an alternative solution to foreclosure that is hopefully palatable to both parties. Last week ...
Views: 945 - Automatic Foreclosure Mediation Pushed As Solution To Mortgage Mayhem - by Submitted on Feb 06, 2011 from Total MortgageRequiring banks to hold mediation sessions with homeowners facing foreclosure could be the solution to the foreclosure crises, argues the Center for American Progress, a liberal think tank. Banks should be mandated to hold mediation sessions with homeowners before any foreclosure for ...
Views: 1086 - Predictions For Housing Market In 2011 - by Submitted on Jan 14, 2011 from Total MortgageThis year could be a rough year for the housing market, due to unforeseen changes to our country’s economic fortunes. Currently, there is a neverending number of unsold homes in this country. There is little demand for these properties. Simple economics indicates that real estate values must ...
Views: 929 - 2011 Preview: Foreclosures Imminent - by Submitted on Jan 11, 2011 from Total MortgageThis upcoming year is unlikely to be a good one for the housing market. There are many reasons for this conclusion. Yesterday, in a blog post I discussed the inevitable drop in the values of homes in 2011. This article, I want to talk about what seems like another 2011 inevitability: a rise ...
Views: 872 - 2011: The Year of Foreclosure? - by Submitted on Jan 11, 2011 from Total MortgageNext year is not likely to be a good one for the housing market. The reasons for this are multifold. In a post yesterday I discussed what I see as an inevitable decline in home values in the coming year. In this post I want to discuss what I see as another 2011 inevitability: an increase in ...
Views: 870 - Lenders Now Required To Disclose Impact Of Credit Score On Mortgage Rates - by Submitted on Jan 10, 2011 from Total MortgageBeginning on 1/1/11, mortgage lenders are being required to give borrowers credit score alerts on how their credit scores might potentially be preventing them from being offered optimal mortgage rates. The point of the credit score alert is to provide warnings to mortgage seekers about the ...
Views: 1087 - Warren Buffet Predicts Interest Rates Will Increase This Year - by Submitted on Jan 11, 2011 from Total MortgageDoes Warren Buffett, quite possibly the world’s top financial guru, predict that mortgage rates will rise in 2011? His most recent bond trades give good reason to believe that he does. Berkshire Hathaway borrowed 1.5 billion dollars by issuing fixed-rate bonds to pay off adjustable-rate debt. ...
Views: 1414 - Mortgage Rates Two Days Before 2011 - by Submitted on Jan 07, 2011 from Total MortgageToday, two days before the new year, your New Year’s Eve plans might be fresher in your mind than mortgage rates. But before you set your plans for New Years, visit Total Mortgage’s site and take a brief minute to check the current mortgage rates. An economical New Year’s resolution might be to ...
Views: 628(1 vote) - New Alert Will Highlight The Impact Of Credit Scores On Mortgage Rates - by Submitted on Jan 04, 2011 from Total MortgageStarting Jan. 1 next year, mortgage lenders will be required to give borrowers credit score alerts on how their credit scores might be preventing them from getting good mortgage rates. The intent of the credit score alert is to warn mortgage borrowers about the impact of their FICO scores on ...
Views: 991 - Why The Cash-Shiller Home Price Index Is Worthless – Or At Least Not Very Helpful - by Submitted on Jan 04, 2011 from Total MortgageYou’re thinking of purchasing a home but are worried about home values falling. Then you see that the Case-Shiller Home Price Index says home prices fell again. So you postpone your potential house purchase. That could be a mistake. Actually, the Case-Shiller Home Price Index is not really ...
Views: 1030 - Rising Mortgage Rates Push First-Time Home Buyers Into Housing Market - by Submitted on Dec 23, 2010 from Total MortgageRising mortgage rates prompted more first-time home buyers to purchase homes last month. That was one of the conclusions of the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. While mortgage rates began increasing from record lows in early November the first-time home ...
Views: 1067 - Decision By Regulators May Have Big Impact On Mortgage Rates And Products - by Submitted on Dec 22, 2010 from Total MortgageA decision by government regulators on an obscure issue next month could have a big impact on mortgage rates and home loan products available to borrowers. Under the Dodd-Frank Act that overhauls regulation of the country’s financial system, mortgage lenders must share losses on their loans. ...
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