mortgages: Am I reading this right???? - 10/03/08 07:37 PM
 I'm not an attorney, and I may be miss-interpreting this measure in the 700 billion bailout bill, but it seems if we just stop paying our mortgages, we have a chance to get a lower interest rate and/or a lower principle on our loan.  It also looks like the government will now be in the buisness of determining property value...How in the hell is this fair to all of us who actually act responsibly in paying our debts? Someone with more expertise than myself please tell me if this is how you read this.
 
GENERAL.-To the extent that the Federal … (6 comments)

mortgages: Home Loan Applications Jump! - 07/19/08 08:56 PM
With all the stock market jitters about Fannie Mae, Freddie Mac and the U.S. mortgage system, you might have the impression that the real estate market is on the edge of some sort of cliff.
But that's wrong: Would you believe that new home loan applications jumped by a seasonally-adjusted seven and a half percent last week, according to the Mortgage Bankers of America's national survey! Applications to purchase homes using FHA loans surged by nearly 20 percent.
See the article Here

… (2 comments)

 

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