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In an effort to curtail rising foreclosure rates across the country the Federal Housing Administration (FHA) recently announced its FHASecure program. read more »
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Mortgage Laws

Laws regarding mortgage at New York are worthy of consideration by anyone thinking of taking a plunge into the mortgage industry there. The following updated information throws light on the important aspects on this.


The mortgage lenders are required to provide a satisfaction and some mortgage related documents in accordance with Section 274 and 275 of New York State Real Property Law (RPL) and under Section 1921 of New York State Real Property Act read more »
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Florida Mortgage - Are the current market trends favorable for you?



Mortgage rate overview..The Florida market currently reflects the nationwide drop down in mortgage rates - that of the common fixed rate loan options like 15 year fixed, 30 year fixed and the 1 year ARMs. However, the 5/1 year hybrid ARMs are slightly up by a few basis points and are currently on an upward trend.




Average mortgage rates this week


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California Mortgage Market - Current Trends and Forecast



Strong economic growth and moderate inflation over the final quarter of 2006 contributed to a softer market pattern in 2007. The Federal Reserve has held steady with the Fed Funds rate at which banks offer overnight loans to each other. It continues to do so in order to curb inflation and foster economic growth. The Prime rate which banks charge their potential customers also remains unchanged as it is based upon th read more »
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Current Trends in Texas Mortgage Market - Impact of subprime market downturn




Current mortgage rates and options
Mortgage rates in Texas have gone up slightly as is the scenario in markets throughout the nation. Fixed rate loans including 30 year and 15 year mortgages have climbed up slightly above 6%. Interest rates on 1 year ARM have gone up to 6.00% whereas 5/1 year hybrid ARM rate have exceeded the 6% mark. 15 year fixed rate loans still remains a popular
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Charlotte, North Carolina based real estate developer, Convergent Acquisitions & Development, Inc. (http://www.convergentacquisitions.com) is pleased to announce that a recent article on Bloomburg.com points to Charlotte's standing as one of the nation's largest financial centers, second only to New York City, as the reason for the economic strength and continued population and housing growth in the region. (PRWeb Sep 25, 2007)

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Consider this: a new system built home, utilizing modular construction with a slab foundation, and a concrete safe room built as part of the slab. The benefits are plenty, beginning with the cost savings recognized by 1) building modular and 2) not building a full "traditional" basement (plus, for those living in a flood zone, there is no need to worry about water in the basement). (PRWeb Sep 25, 2007)

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The International Monetary Fund has warned that Britain's sub-prime mortgage system is comparable to the United States, sparking fears about the stability of the housing market.The Washington-based institution singled out the UK's low-income mortgage market as a key area of risk for the financial system. read more »
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Housing takes bigger bite out of incomeRegister, CA -7 hours agoThe report also shows that Newport Beach homeowners spend more per month on their mortgage and other homeowner-related costs than any other city in the ... read more »
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An employee retiringin July thisyear, after havingsaved the sameamount in thesame type ofpension, would get52. For registrationand additional informationplease call (516)Community Builder AwardPhipps Houses, thelargest developer ofaffordable housing inNew York, andits human servicesaffiliate Phipps CommunityDevelopment Corporation, willhost its ann read more »
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Washington, DC – The National Community Reinvestment Coalition (NCRC) today filed a civil rights complaint against Morgan Stanley and Saxon Mortgage, Inc.(collectively, “Morgan Stanley’) to the US HUD and SEC... alleges redlining under the Federal Fair Housing Act. read more »
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