Christ12 / Voted

With the holiday season upon us, we thought we’d take a break from the traditional mortgage-related tips and tricks and delve into something that may be all too common this holiday season. No payments and no interest for [insert time frame here].
You’ve probably seen those offers for no payments and no interest for 24 months [...] read more »
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With your credit history, it shouldn't do any harm, says Dr. Don. read more »
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Christmas is a time of joy, but foreclosure notices in the mail have disturbed family festival for quite a few number of Metro area families.
They are trapped in a “rent to own” catch of contract, and till now, as per their notice, they were paying to the developer. Then why is the bank in process [...] read more »
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La Plata County has experienced the highest home foreclosures since 2000. The amazing fact is that home foreclosure has risen nearly 50% since 2006.
In 2000, 77 homeowners filed for foreclosure and there have been 74 home foreclosures filed in 2007 till. The numbers of foreclosures this year have increased as compared to the year 2006. [...] read more »
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While overall residential originations went from around $1 trillion in 1993 to approximately $3 trillion in 2005, subprime production soared from around $20 billion to more than $600 billion during that same period. But as U.S. home appreciation slowed last year, the most recent batch of new subprime borrowers -- who had riskier loan characteristics and little invested in their properties -- began a wave of defaults. Next year, subprime originations are projected to be just $200 billion -- less read more »
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According to a Bank Rate Monitor annual survey, the typical homeowner with a $200,000 mortgage amount in 2006 could expect to pay $3,024 in closing costs. Well, in the early part of 2008, Fannie Mae and Freddie Mac, the two quasi-government organizations that back conforming mortgages in the United States, will institute a new, [...] read more »
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Shopping at the right time can determine if you get a bargain or not. read more »
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2008 promises to be a financially tricky year. Here's what you need to do. read more »
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Federal regulations should keep your investment safe, says Dr. Don. read more »
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Gov. Janet Napolitano has designed a strategy to help homeowners of Arizona who are under the danger of subprime mortgage meltdown due to rate changes. She developed this plan after meeting and discussion with representatives from GMAC, J.P.Morgan Chase, Washington Mutual, GMAC, Wells Fargo, Arizona Bankers Association and Countrywide.
The strategy to help borrowers [...] read more »
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The foreclosure catastrophe urges timely actions and local community is in process with plans and a step to buy empty homes. It is crisis metro cities across the country are confronting, and Cheviot says it wants to take steps that help to stop forsaken homes to lead to stain and scar. As per the survey [...] read more »
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Standard & Poor's Ratings Services announced it lowered ratings on 793 classes worth $23 billion in 116 U.S. residential mortgage-backed securities backed by closed-end second-lien mortgage collateral. The affected deals were issued from the beginning of 2004 through yearend 2006. At the same time, all 746 classes that were on CreditWatch negative were removed from such status. read more »
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Sixteen deals issued by CWALT Inc. Mortgage Pass-Through Certificates in 2006 and late 2005 saw 62 classes downgrades and 39 placed on review for possible lower ratings by Moody's Investors Service, while four transactions issued by Chevy Chase Funding LLC in 2006 received downgrades on 10 tranches. November held $51 billion in downgrades by Moody's across 952 tranches in 267 U.S. structured finance CDO securities. A $20 million class of GMAC Commercial Mortgage Securities Inc., series 1999-C1, read more »
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In shopping for the best rate and lowest closing costs on a mortgage, the idea of low to no-cost loans capture the attention of even the most skeptical of borrowers. Advertisements abound with promises of no points and there is a lot of advice out there encouraging people to pay as little as possible toward [...] read more »
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