|
|
July 11th, 2010 |
|
|
San Francisco Chronicle
Low mortgage rates won’t make up for tax credit
Mortgage rates fell to record lows last week, but analysts say they won’t fill the void in the housing market left by the expired federal home-buyer tax credit, which is not likely to be revived.
To read the full story, please click here.
Los Angeles Times
Wells Fargo to shut subprime lending unit
Banking giant Wells Fargo & Co. is closing its 638 subprime lending offices that operated nationwide to supply higher-cost mortgages, auto loans, and credit cards to lower-income neighborhoods.
To read the full story, please click here.
Los Angeles Times
30-year mortgage rates down to new low
The average interest rate for a 30-year fixed loan in this week’s Freddie Mac survey was 4.57 percent, down from 4.58 percent a week earlier.
To read the full story, please click here.
New York Times
Changes in mobile-home lending
Mobile homes last year made up nearly a quarter of all new homes sold for less than $200,000, according to an industry trade group, making them an important component of the affordable-housing sector.
To read the full story, please click here.
|
|
Read more...
|
|
|
July 4th, 2010 |
|
|
The Los Angeles Times
Deeds-in-lieu gain favor with lenders as alternative to foreclosure
Short sales have been the hot solution for financially stressed homeowners and their lenders for the last year, but there’s another potent foreclosure alternative that’s about to take center stage: Deeds-in-lieu.
To read the full story, please click here.
Sacramento Bee
California to offer program to trim underwater mortgages
Lots of people will want to get in on this one: California is going to use federal money to pay down the mortgages of struggling homeowners.
To read the full story, please click here.
The New York Times
VA loans harder to get
Military veterans have long been accustomed to a relatively easy mortgage process. Even borrowers with no down payment or a low credit score were usually granted VA loans, in large part because the Dept. of Veterans Affairs insures a quarter of the loan amount.
To read the full story, please click here.
Bloomberg News
IRS audits block 10 percent of first-time home buyer credits
The Internal Revenue Service blocked almost 10 percent of U.S. claims for the first-time home buyer tax credit after receiving erroneous or fraudulent filings, according to a report today.
To read the full story, please click here.
|
|
Read more...
|
|
|
|
<< Start < Prev 1 2 3 Next > End >>
|
| Results 1 - 6 of 15 |
