New U.S. program to help ‘underwater’ owners refinance Falling home prices and the lowest mortgage interest rates in 57 years are powering up a boom in mortgage lending.
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Archive for March, 2009
Low mortgage rates, affordable South Florida homes spur jump in buying, refinancing (Sun-Sentinel)
Saturday, March 28th, 2009Consumer Federation Forges Bold Florida Alliance to Help First-Time Homebuyers Make Down Payment (Business Wire via Yahoo! Finance)
Saturday, March 28th, 2009TALLAHASSEE, Fla.—-A major alliance of Florida consumers, lenders, realtors and builders announced today it will aggressively push state leaders to find a state solution to allow first-time homebuyers to use a new $8,000 federal tax credit as upfront cash for a down payment - a move that would spur Florida’s sluggish housing market and stimulate the state’s lagging economy.
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Planning Spring Home Improvements? Know the Score First (Today’s News-Herald)
Saturday, March 28th, 2009(ARA) - Spring is a popular time to begin home improvement projects, especially if they’ll upgrade outdoor living spaces.
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Home show size may be a sign of economic times (Rapid City Journal)
Saturday, March 28th, 2009It could be a tough start to a lean year. Pinched by a slowing housing market, home builders are hungry for work and scrapping for what they can get.
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Xceed, Subprime Lenders Seeking Canadian Government Aid (Bloomberg)
Saturday, March 28th, 2009March 27 (Bloomberg) — Xceed Mortgage Corp. is among a group of 12 mortgage lenders asking Canada’s federal government to provide backstop funding so it can refinance home loans for as many as 25,000 Canadians.
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Reverse mortgages a lifesaver for some, but beware of shady lenders (Orlando Sentinel)
Saturday, March 28th, 2009Once shunned by many as too risky, reverse mortgages have made a comeback as some cash-strapped seniors tap their home equity to replace savings battered by Wall Street’s meltdown.
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Lenders seek Ottawa’s aid as thousands risk losing their homes (The Globe and Mail)
Friday, March 27th, 2009Many mortgages negotiated during boom times not eligible for renewal, though problem not as dire as in U.S.
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Reverse mortgages: For some, a lifesaver — but beware shady lenders (Orlando Sentinel)
Friday, March 27th, 2009Once shunned by many as too risky, reverse mortgages have made a comeback as some cash-strapped seniors tap their home equity to replace savings battered by Wall Street’s meltdown.
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Foreclosure auctions drawing lots of bidders (Dallas Morning News)
Friday, March 27th, 2009MELANIE BURFORD/DMN John Leggett, a national sales coordinator for Hudson Marshall, tries to entice bidders to go to $30,000 on a foreclosed home at a recent auction. Some properties there sold for far less than their tax roll values.Thousands of people in Dallas-Fort Worth and around the U.S. are braving a treacherous economy for the chance to pick up bargain foreclosed properties. In the …
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Threatened with foreclosure? This free clinic could help (Island Packet)
Friday, March 27th, 2009Homeowners in or at risk of foreclosure may find help at a free clinic Saturday in Bluffton. The c
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