Real Estate Lending

Fed Says Banks Reluctant To Lend

admin_huliq — Mon, 11 Aug 2008 16:37:57 -0500

Banks have dialed up the lending requirements in the face of the nearly half-trillion dollars lost in the mortgage mess to-date. The Federal Reserve reported that banks and lending institutions have tightened credit standards across all loan-types as losses mount and liquidity remains a key issue.

Lending Tree Stolen Data Concern For Online Mortgage Application Safety

admin_huliq — Wed, 23 Apr 2008 15:00:31 -0500

We all knew that LowerMyBills.com and LendingTree.com provided for a ‘less-than-ideal’ customer experience as consumers got battered by hundreds of calls from rabid mortgage folks; but this announcement is just plain scary. Employees caught stealing data including consumer social security numbers at Lending Tree.

First Direct Suspends New Lending

admin_huliq — Wed, 02 Apr 2008 21:54:09 -0500

First Direct has suspended mortgage lending to new customers. It has made this move following major service issues, after other lenders withdrew similar deals because of credit crunch-related funding issues.

Home Equity Loans Can Be The Next Bubble To Burst

admin_huliq — Fri, 28 Mar 2008 07:02:49 -0500

We have seen the real estate mortgage crisis, foreclosures. Now we see the need for the home sellers to come back to reality and offer their houses according to today's value. We also see the home prices falling daily and wonder is this coming close to end? Probably not, since according to some experts the home equity loans may be the next bubble in the real estate industry ready to burst.

The Fed is unable to lower mortgage rates

admin_huliq — Thu, 20 Mar 2008 07:07:18 -0500

The Fed has tried, and tried, and tried but it still has not been able to lower mortgage rates. No matter how much liquidity they inject into the market, it doesn’t seem to make a difference.

Reverse Mortgages and the credit crisis - What does it mean for you?

reversemortgagecity — Fri, 14 Mar 2008 22:33:54 -0500

The news has been filled with daily accounts of the credit markets demise and the effects of the collapse on the finance and real estate industries. But does the financial collapse of the credit markets hurt your chances of getting a Reverse Mortgage?

FHA Modernization Bill, What It Means To You

allreverse — Wed, 12 Mar 2008 11:22:17 -0500

The Senate approved Bills known as FHA Modernization Bills designed to help the Federal Housing Administration modernize their approach to how they deal with the lending needs in this country.

Mortgage Rates Are Actually Going Up

admin_huliq — Sun, 09 Mar 2008 19:02:27 -0500

The Fed can (and probably will) continue lowering short term interest rates but it is not doing much to bring down long term interest rates that dictate how much people pay on most mortgages.

The Rise Of The Real Estate Mortgage Walkers

admin_huliq — Thu, 06 Mar 2008 17:30:45 -0600

Note on the chart above, it shows a loss to the owner of a straddle at asset prices close to the strike price. That’s because it usually costs money to acquire a straddle (or any other option).

HUD, DOJ Set New FHA Loan Limts and Rates

admin_huliq — 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.

Bush is Brilliant Vetoing Mortgage Foreclosure Bill

admin_huliq — Wed, 27 Feb 2008 16:31:11 -0600

Today, the George W. Bush Administration warns that it will veto the Foreclosure Bill. This foreclosure bill, supported by Democratic Congress leaders Pelosi and Reid, "would change American bankruptcy laws to allow judges to cut interest rates and reduce what's owed on troubled borrowers' mortgages, provide $4 billion to communities to purchase and rehabilitate foreclosed homes, and improve disclosure of subprime mortgage loans in hopes that borrowers won't be surprised by big payment increases".

Bush To Will Veto Senate Mortgage Bill

admin_huliq — Wed, 27 Feb 2008 16:26:55 -0600

According to the Washington Post today, Bush has announced he will veto the bills pending in Congress designed to allow homeowners to rewrite their home mortgages in chapter 13 cases.