Home Loans

Home Loans No Longer Require Perfection

Armen Hareyan — Wed, 11 Nov 2009 11:33:35 -0600

Only a few short months ago both homeowner and property had to perfectly fit the ideal mortgage mold in order to qualify for home loans. Most banks, especially the big ones, just couldn’t afford to put more mortgage loans into their portfolios, and since the real estate bubble burst many have simply been unwilling to listen to legitimate explanations for nonconformity.

Bank of America Home Loans Welcomes Countrywide Customers

Armen Hareyan — Tue, 02 Jun 2009 21:54:42 -0500

The Countrywide home loans login is now at the Bank of America. As we all know Countrywide was taken over by Bank of America because of its financial troubles, and now Countrywide has been officially rebranded as Bank of America Home Loans. For those that are looking for the new login for their old Countrywide accounts they’re located at: www.bankofamerica.com/cwcustomers.

No mortgage payment calculator, but amortization calculator

Armen Hareyan — Fri, 24 Apr 2009 07:03:24 -0500

An expert in mortgage and real estate issues Kate Ford says mortgage payment calculators should actually be called as amortization calculators. She explains why.

FHA-Backed Loans Offering Mortgages With Little or Nothing Down

erku — Tue, 24 Jun 2008 12:10:08 -0500

Isn't this how the whole mortgage mess started in the real estate industry in the first place, meaning the nothing down or very little down?

Westpac raises home loan rates

seher — Fri, 28 Mar 2008 14:57:29 -0500

Westpac has announced it is increasing interest rates on home loans because of turmoil on global financial markets.

What the credit crunch means for the future consumer

jbell — Thu, 13 Mar 2008 12:35:23 -0500

As is being reported in the news, there is an ongoing storm in the financial world; a situation where banks are wary of lending to each other and as a result, there is less money available for new debtors, a situation otherwise known as the credit crunch. What does this mean for the ordinary consumer?

HUD, DOJ Set New FHA Loan Limts and Rates

Armen Hareyan — Thu, 06 Mar 2008 13:09:31 -0600

New guidance released this week by the Departments of Housing and Urban Development (HUD) and Justice (DOJ) reinforced the right of persons with disabilities to make “reasonable modifications” to their dwellings if a structural change to their dwelling or to a common area of the building or complex in which they live is needed so that they can fully enjoy the premises.

Freddie Mac Changes Purchasing Delinquent Loans From Mortgage PCs

Armen Hareyan — Mon, 10 Dec 2007 08:47:19 -0600

Freddie Mac (NYSE: FRE) announced today that the company will generally purchase mortgages that are 120 days or more delinquent from pools underlying Mortgage Participation Certificates ("PCs") when:

Fall in home loan numbers in Australia

Armen Hareyan — Sun, 09 Dec 2007 20:51:32 -0600

The number of people taking out home loans in Australia fell in October, with borrowers wary of the widely anticipated interest rate increase in November.

How to Avoid Foreclosure, Future Money and Loans

Armen Hareyan — Thu, 06 Sep 2007 16:45:56 -0500

Having a home is the one thing that gives property owners a great feeling of accomplishment and creates a positive attitude towards life as well. Owning a property not only represents a physical shelter and a place to share the best memories with the ones that we love but it can also be a financial shelter for many unexpected problems that can befall us.

Bush Announces Measures to Help Struggling US Homeowners

Dinka — Sat, 01 Sep 2007 08:38:46 -0500

President Bush is moving to help keep thousands of American homeowners from defaulting on their home loans in a growing crisis that has affected worldwide financial markets. VOA White House Correspondent Scott Stearns reports, the chairman of the U.S. central bank says he will also act to keep the credit crisis from hurting the economy.

Subprime mess isn't all bad; situation also offers opportunities

Armen Hareyan — Fri, 31 Aug 2007 15:20:47 -0500

The stock market might be nervous now due to the subprime loan mess, but Stuart Greenbaum, former dean of the Olin School of Business at Washington University in St. Louis, is bullish on the situation.