Mortgage

Mortgage

Sun, 23 Dec 2007 19:00:02 -0700

Mortgage Refinance Congress tax move helps homeowners and lenders

by Mortgage @ Sun, 23 Dec 2007 19:00:02 -0700

WASHINGTON - Congress approved Tuesday the extension of the tax deduction for mortgage insurance for loans closed through 2010. President Bush is expected to sign the bill this week. Online mortgage applications are quick. An online application form takes about four minutes of your filling it up. Approval can then be given within 24 hours. This is a far cry from the several business days it usually takes for traditional mortgage applications to be approved. In this regard, online mortgages are less time-consuming and even initially paper-free....

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Sat, 22 Dec 2007 19:00:02 -0700

National City Mortgage Bear Stearns posts 4Q loss - Denver Post

by Mortgage @ Sat, 22 Dec 2007 19:00:02 -0700

The quarterly loss after ...Bear Stearns posts 4Q lossDenver Post, CO -5 minutes ago5 US investment bank, said Thursday a bigger-than-expected writedown of its mortgage portfolio caused a substantial quarterly loss. When you're on the look out for a new home, you need cash. A lot of it. Most homes today have down payments that are more than what the buyer can afford right then and there. The solution for this? A mortgage....

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Fri, 21 Dec 2007 19:00:03 -0700

2nd Mortgage Mortgage Bets Bite Bear Stearns

by Mortgage @ Fri, 21 Dec 2007 19:00:03 -0700

30, the brokerage house recorded a net loss of $854 million, or $6.90 a share, versus ... posted its first quarterly loss in its 84-year history on higher-than-projected $1.9 billion in write-downs. For the quarter ended Nov. Wall Street Journal - Bear Stearns Cos. A lower interest rate gives you less interest to deduct on your income tax, which may increase your tax payments and decrease your total savings from refinancing....

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Fri, 21 Dec 2007 07:00:06 -0700

Home Loan House Refinance Mortgage Rates In Londo Federal agents charge 31 people in mortgage loan fraud South Florida Sun-Sentinel.com

by Mortgage @ Fri, 21 Dec 2007 07:00:06 -0700

"Mortgage fraud is not a paper crime " he said. Attorney Alex Acosta said financial institutions are not the only victims in such cases which make it harder for honest home buyers to get approved for loans and contribute to higher interest rates. There is no upper age limit set by HUD for the borrower. Nor is there a certain income level that the borrower must achieve in order to buy a home at a certain price. And although income is certainly an important factor, it is simply one of the several determining factors which are used by the HUD to find whether the borrower will be able to repay the mortgage....

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