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Tue, 14 Oct 2008 07:00:06 -0600

Stop Mortgage Foreclosure Inflation Continues To Run Wild

by Mortage @ Tue, 14 Oct 2008 07:00:06 -0600

Consumer inflation jumped 0.8 percent in July, moving at the fastest pace in over 17 years. I think the free ride of low interest rates is about to come to an end as the Federal Reserve will have no choice but to begin raising rates to stave off high inflation. So, now is the time to lock in low rates on anything you can, mortgages, car loans, student loans, etc. A move which would almost certainly push the economy into an actual recession. because over the next year I think we’re going to see Loans that aren't insured by the government are called conventional mortgages. The government-insured loans may be more attractive in terms of low down payment requirements but they may be more restrictive. The main advantage of applying for online mortgages is their convenience....

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Mon, 13 Oct 2008 07:00:17 -0600

Texas Mortgage Loan Six plead guilty in mortgage fraud (Miami Herald)

by Mortage @ Mon, 13 Oct 2008 07:00:17 -0600

Six defendants have pleaded guilty to participating in a $17 million mortgage fraud scheme in Miami-Dade County involving inflated property values and falsified closing statements, Florida's attorney general announced Monday. Home mortgages may vary in features depending on the lending institution. One way to find the creditor with the most attractively priced loan is to look in your local newspaper and check to see if it publishes a shoppers' guide to home mortgage credit. These shoppers' guides are widely available and may be used to identify the lenders with low rates. However, basically, the way to find the best loan is to shop around....

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Sun, 12 Oct 2008 19:00:10 -0600

Fha Home Mortgage Loan Bad Credit Loan California Refinance 'Liar loans' prolong trouble - Boston Globe

by Mortage @ Sun, 12 Oct 2008 19:00:10 -0600

In the industry, they are called "liar loans" - mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets." The nation's ... The good thing about FHA mortgages is that almost anyone can get it. So if you have a satisfactory credit record, enough cash to close the loan and sufficient steady income to make monthly mortgage payments without difficulty, then you'll have no trouble getting approved for an FHA mortgage. As a rule of thumb, only people who will reside in the property are eligible for FHA-insured mortgages....

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Sun, 12 Oct 2008 07:00:20 -0600

Stop Mortgage Foreclosure RBI says loan growth better than last year (Reuters via Yahoo! India News)

by Mortage @ Sun, 12 Oct 2008 07:00:20 -0600

BANGALORE (Reuters) - Growth in advances by Indian banks was better than last year, RBI deputy governor V. Leeladhar said on Tuesday when asked whether high interest rates were hurting loan growth. Fortunately though, broker's fees, like lender fees, are negotiable. So be prepared to practice you negotiating skills so you can best the best mortgage rate....

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